Shutdown

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As lockdown lifts, wearing a face mask could be your only defence against COVID-19: How to pick the right one
science

As lockdown lifts, wearing a face mask could be your only defence against COVID-19: How to pick the right one

WHO keeps reminding the public that mask needs to be worn correctly and kept clean to ensure that they are effective in stopping the virus.

Gully Gang releases lockdown-themed album, Shutdown; Divine says 'it will keep listeners motivated and positive'
Entertainment

Gully Gang releases lockdown-themed album, Shutdown; Divine says 'it will keep listeners motivated and positive'

Gully Gang's hip hop and rap compilation album titled 'Shutdown' is inspired by the stay-at-home circumstances amidst the rise of an unprecedented pandemic.

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak
Business

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak

The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2

Govt launches Rs 5,000-cr special credit facility for street vendors; here's all you need to know about Rs 10,000 loan scheme
Business

Govt launches Rs 5,000-cr special credit facility for street vendors; here's all you need to know about Rs 10,000 loan scheme

In order to revive businesses of street vendors that have taken a serious hit due to the COVID-19 lockdown, the Centre has launched a special micro-credit facility amounting to a total of Rs 5,000 crore that will provide them Rs 10,000 as initial working capital

Godrej Properties sees strong sales this year despite COVID-19; cash flow may pose challenges
Business

Godrej Properties sees strong sales this year despite COVID-19; cash flow may pose challenges

Buoyed by record sales bookings of Rs 5,915 crore last fiscal, realty firm Godrej Properties expects to repeat its strong performance on sales front this year despite coronavirus pandemic, but sees cash flow as a challenge due to slow construction activities

Mahindra and Mahindra vehicle sales dip 79% in May to 9,560 units, exports fall 80%
Business

Mahindra and Mahindra vehicle sales dip 79% in May to 9,560 units, exports fall 80%

Auto major Mahindra & Mahindra (M&M) on Monday reported a steep 79 percent decline in total sales at 9,560 units in May

Coronavirus Lockdown: Hyundai Motor India sales decline 79% in May to 12,583 units, exports down 66%
Business

Coronavirus Lockdown: Hyundai Motor India sales decline 79% in May to 12,583 units, exports down 66%

Hyundai Motor India Ltd (HMIL) on Monday reported a 78.7 percent decline in total sales at 12,583 units in May

Govt rejects Flipkart's proposal for entering food retail sector, company says will re-apply
Business

Govt rejects Flipkart's proposal for entering food retail sector, company says will re-apply

The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart’s proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday

Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June
Business

Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June

Hotel stocks on Monday zoomed up to 19 percent after the government said the opening of hotels, restaurants and other hospitality services and shopping malls will start from 8 June

COVID-19 Impact: DGCA extends deadline for IndiGo, GoAir to replace unmodified PW engines to 31 August
Business

COVID-19 Impact: DGCA extends deadline for IndiGo, GoAir to replace unmodified PW engines to 31 August

Indian aviation regulator, DGCA, on Monday extended the deadline for IndiGo and GoAir to replace all the 60 unmodified Pratt and Whitney (PW) engines on their A320neo planes from 31 May to 31 August, as supply chain has been impacted due to the coronavirus-induced lockdown

Maruti Suzuki India records 86% slump in May sales at 18,539 units; exports decline 49%
Business

Maruti Suzuki India records 86% slump in May sales at 18,539 units; exports decline 49%

The country’s largest carmaker Maruti Suzuki India (MSI) on Monday reported a 86.23 percent decline in total sales at 18,539 units in May

India's manufacturing output falls further in May, rate of job cuts accelerates: PMI survey
Business

India's manufacturing output falls further in May, rate of job cuts accelerates: PMI survey

The country's manufacturing sector activity recorded another sharp deterioration in business conditions during May as new orders placed with producers continued to fall after April's record contraction, leading firms to cut jobs at the quickest pace on record, a monthly survey said on Monday

Coronavirus Lockdown: Eight core sector output contracts by record 38.1% in April; cement falls 86%, steel by 84%
Business

Coronavirus Lockdown: Eight core sector output contracts by record 38.1% in April; cement falls 86%, steel by 84%

The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus-induced lockdown, according to the official data

GST Council to meet in June; finance ministry not in favour of raising rates on non-essential items
Business

GST Council to meet in June; finance ministry not in favour of raising rates on non-essential items

The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19

Coronavirus Lockdown: Decision to open shops in malls soon after taking into account health ministry's guidelines
Business

Coronavirus Lockdown: Decision to open shops in malls soon after taking into account health ministry's guidelines

The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday

Coronavirus Lockdown: Economy needs support from PSBs, says Union Bank chief Rajkiran Rai G
Business

Coronavirus Lockdown: Economy needs support from PSBs, says Union Bank chief Rajkiran Rai G

The country's economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, an official said on Friday

GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening
Business

GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening

The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report

Coronavirus Lockdown: Commerce minister Piyush Goyal expects better exports performance in May, June
Business

Coronavirus Lockdown: Commerce minister Piyush Goyal expects better exports performance in May, June

The performance of the country's exports is expected to be better in May and June as compared to the steep fall recorded in April, when the shipments contracted to an all-time high of 60.28 percent, Commerce and Industry Minister Piyush Goyal said on Thursday

Govt measures to deal with coronavirus impact 'very positive', says former RBI governor Bimal Jalan
Business

Govt measures to deal with coronavirus impact 'very positive', says former RBI governor Bimal Jalan

Former Reserve Bank Governor Bimal Jalan on Thursday described the initiatives taken by the government to mitigate the impact of COVID-19 as "very positive" and hoped that these would help in containing the decline in growth