BUSINESS STANDARD TOP STORIES - APR TUE 07 2020 #BHARATPAGES BHARATPAGES.IN

Business Standard Top Stories

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Sonia Gandhi writes to PM, suggests measures to fight Covid-19 outbreak


Suspend Central Vista project, stop media advertisements to save money to fight Covid-19, Sonia Gandhi wrote in her letter to PM Modi

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/sonia-gandhi-writes-to-pm-suggests-measures-to-fight-covid-19-outbreak-120040701530_1.html

Get ready for social distancing when you fly next after lockdown ends


From elimination of middle seat to thermal screening air travel to see new normal

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/get-ready-for-social-distancing-when-you-fly-next-after-lockdown-ends-120040701514_1.html

Gold jumps 2% to hit a new lifetime high, silver futures up over 5%


Appreciating rupee restricts jump, global monetary easing to support gold further

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/gold-jumps-2-to-hit-a-new-lifetime-high-silver-futures-up-over-5-120040701436_1.html

Around 80,000 jobs expected to be cut due to coronavirus lockdown: Report


The expectation of retrenchment of 20 per cent of employees by those featured in the survey amounts to 78,592 people.

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/around-80-000-jobs-expected-to-be-cut-due-to-coronavirus-lockdown-report-120040701400_1.html

Govt seeks ticket refund details from airlines as travel agents complain


Several airlines have suspended refund facility to travel agents while making weekly payments of sales.

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/govt-seeks-ticket-refund-details-from-airlines-as-travel-agents-complain-120040701384_1.html

Things to know about Hydroxychloroquine, the 'unproven' coronavirus drug?


Hydroxychloroquine is an inexpensive and easily available drug. However, its demand has risen dramatically ever since it was named as a possible treatment for Covid-19

Click here to Read full Details Sources @ https://www.business-standard.com/article/health/hydroxychloroquine-use-in-coronavirus-treatment-hydroxychloroquine-tablets-side-effects-price-explained-120040701280_1.html

No decision on extending national lockdown, don't speculate: Govt


the government is considering extending the lockdown based on requests from states, said report

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/no-decision-on-extending-national-lockdown-don-t-speculate-govt-120040701300_1.html

SBI reduces MCLR by 35 bps, cuts savings rate by 25 bps on all deposits


11th consecutive cut in MCLR in FY 2019-20

Click here to Read full Details Sources @ https://www.business-standard.com/article/finance/sbi-reduces-mclr-by-35-bps-to-7-40-across-all-tenors-120040701192_1.html

Tech start-ups stressed in the time of Covid-19, but the big guys rake in


Neither Silicon Valley nor India tech Inc has been granted any real monetary respite by their governments. But in true start-up spirit, both are fighting it out

Click here to Read full Details Sources @ https://www.business-standard.com/article/technology/tech-start-ups-stressed-in-the-time-of-covid-19-but-the-big-guys-rake-in-120040701110_1.html

How a Mumbai start-up is helping Italian doctors test Covid-19 patients


Qure.ai's AI-backed solution interprets X-rays to help doctors classify patients as high-, medium- or low-risk and prioritise testing accordingly

Click here to Read full Details Sources @ https://www.business-standard.com/article/technology/how-a-mumbai-start-up-is-helping-italian-doctors-test-covid-19-patients-120040700994_1.html

WhatsApp clamps down further on frequent forwards to stem misinformation


Once a message has been previously forwarded five times, it can henceforth only be forwarded one chat at a time

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/whatsapp-clamps-down-further-on-frequent-forwards-to-stem-misinformation-120040700841_1.html

100,000 random tests, '5 Ts': Kejriwal's plan to check coronavirus in Delhi


'We have prepared detailed plan to take over private hospitals if the number of coronavirus cases rises up to 30,000 in Delhi,' said Delhi CM

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/100-000-random-tests-5-ts-kejriwal-s-plan-to-check-coronavirus-in-delhi-120040700820_1.html

Now, you cannot share forward messages with more than one chat on WhatsApp


The latest move from WhatsApp comes at a time when countries across the world are initiating new measures to tackle the spread of rumours and fake news on social media platforms

Click here to Read full Details Sources @ https://www.business-standard.com/article/technology/now-you-cannot-share-forward-messages-with-more-than-one-chat-on-whatsapp-120040700681_1.html

PVR hits nearly 4-year low as Icra places rating on watch amid lockdown


In the past two months, it has tanked 55 per cent following the closure of movie theatres across India

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/pvr-hits-lowest-level-since-june-2016-as-icra-places-ratings-on-watch-120040700639_1.html

Covid-19: V-P Naidu hints at lockdown extension, says 'health over economy'


The Vice President said that data regarding the extent and rate of spread of virus infection will have a bearing on the exit strategy

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/covid-19-v-p-naidu-hints-at-lockdown-extension-says-health-over-economy-120040700564_1.html

Britannia partners with Dunzo for delivery of food essentials; stock up 10%


Customers can avail Britannia products through the Dunzo app in under an hour of ordering from the 'Britannia Essentials' store.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/britannia-jumps-10-as-co-partners-with-dunzo-for-delivery-of-food-items-120040700574_1.html

Pharma stocks rally; Nifty Pharma index surges 10%, Ipca Labs hits new high


Torrent Pharmaceuticals also rose 15 per cent to a fresh 52-week high of Rs 2,380

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/nifty-pharma-index-surges-10-torrent-pharma-ipca-labs-hit-new-highs-120040700441_1.html

IndusInd, HDFC Bank surge up to 21% post Q4 biz update amid Covid-19 woes


Analysts at Kotak Institutional Equities expect banks to report healthy earnings due to the Reserve Bank of India's loan moratorium

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/indusind-hdfc-bank-surge-up-to-21-post-q4-biz-update-amid-covid-19-woes-120040700417_1.html

Covid-19: India partially lifts ban on export of paracetamol and HCQ


HCQ is the same drug that US President Donald Trump had sought from India and warned of retaliation if India did not supply the drug

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/covid-19-india-lifts-ban-on-export-of-paracetamol-hcq-to-other-nations-120040700358_1.html

HUL continues gaining streak, hits new high; advances 24% in two weeks


HUL has fixed April 17, 2020 as the record date for determining the shareholders of the GSK Consumer Healthcare to receive the shares of the company.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/hindustan-unilever-hits-new-high-stock-surges-24-in-2-weeks-120040700366_1.html

Bajaj Finance slips 5% after Co briefs on business impact due to Covid-19


The company reported a 27 per cent AUM growth in the March 2020 quarter (Q4) compared to its 7-quarter average growth of 37 per cent

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/bajaj-finance-slips-5-after-co-briefs-on-business-impact-due-to-covid-19-120040700334_1.html

Piramal Enterprises surges over 7.5% in early trade, retreats later


The deal, once completed, may value the Piramal Group's overall pharma business at $2.5 billion, the report added.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/piramal-enterprises-surges-over-7-5-in-early-trade-retreats-later-120040700287_1.html

M&M up 12% after it rejects plan to infuse fresh equity in South Korean-arm


The company's board has turned down a proposal to pump in fresh equity of $406 million in its ailing South Korean subsidiary SsangYong Motor Co amid coronavirus crisis

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/m-m-gains-12-after-rejects-plans-to-infuse-fresh-equity-in-ssangyong-120040700269_1.html

India coronavirus dispatch: 1 undiagnosed case can infect 16,000 in 14 days


The impact of a single undiagnosed case, practising information hygiene, and what you can do to tide over the economic fallout - read these and more in today's India coronavirus dispatch

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/india-coronavirus-dispatch-1-undiagnosed-case-can-infect-16-000-in-14-days-120040700193_1.html

World coronavirus dispatch: Cases rise sharply; scientists for mass testing


From the US' delayed reaction and purportedly underreported death toll, to relief package in Japan and Singapore, and Italy's flattening curve, read these and more in today's international dispatch

Click here to Read full Details Sources @ https://www.business-standard.com/article/international/world-coronavirus-dispatch-cases-rise-sharply-scientists-for-mass-testing-120040700182_1.html

India may get $1.3-bn passive flow; MSCI EM weight may rise: Morgan Stanley


In October, the Indian government had issued a circular raising statutory FPI limit of Indian companies to the sectoral foreign investment limit

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/india-may-get-1-3-bn-passive-flow-msci-em-weight-may-rise-morgan-stanley-120040700172_1.html

India may get $1.3-bn passive flow; MSCI EM weight may rise: Morgan Stanley


In October, the Indian government had issued a circular raising statutory FPI limit of Indian companies to the sectoral foreign investment limit

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/india-may-get-1-3-bn-passive-flow-msci-em-weight-may-rise-morgan-stanley-120040700172_1.html

Sensex zooms 2,476 pts in biggest one-day percentage gain since May 2009


All that happened in the markets today

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/market-live-markets-sensex-nifty-bse-nse-sgx-nifty-coronavirus-120040700173_1.html

Sensex zooms 2,476 pts in biggest one-day percentage gain since May 2009


All that happened in the markets today

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/market-live-markets-sensex-nifty-bse-nse-sgx-nifty-coronavirus-120040700173_1.html

Covid-19 Factoid: Cases rise swiftly in India, and other key data trends


While India and Japan have seen a rise in the pace of Covid-19 cases being reported, Germany has reached 100,000 cases, albeit at a slow pace; but there has been some respite for Spain and France

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/covid-19-factoid-cases-rise-swiftly-in-india-and-other-key-data-trends-120040700150_1.html

Coronavirus: SBI pegs FY21 growth at 2.6%, say govt must monetize deficit


The nation is on three-week lockdown ending April 14, which many now feel will have to be extended as more and more coronavirus infections getting reported from across the country

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/coronavirus-sbi-pegs-fy21-growth-at-2-6-say-govt-must-monetize-deficit-120040601732_1.html

India Inc steps up efforts to mitigate impact of coronavirus pandemic


According to BoFA Securities, the measures announced by private firms will not only help fight the virus, but will also boost their prospects at the bourses.

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/india-inc-steps-up-efforts-to-mitigate-impact-of-coronavirus-pandemic-120040601707_1.html

Consumer companies assess impact of nationwide lockdown on businesses


Makers of hygiene and essential items may not feel the pinch but discretionary categories have a long road to recovery

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/consumer-companies-assess-impact-of-nationwide-lockdown-on-businesses-120040601701_1.html

Subscribers wait for EPF withdrawal as Covid-19 lockdown hits operations


The Union labour ministry on March 28 amended the EPF scheme to allow members to withdraw non-refundable advances

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/subscribers-wait-for-epf-withdrawal-as-covid-19-lockdown-hits-operations-120040601585_1.html

Coronavirus pulls services PMI into contraction as overseas demand falls


Falls to 49.3 in March from February's 7-yr high of 57.5 as companies cut workforce

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/coronavirus-pulls-services-pmi-into-contraction-as-overseas-demand-falls-120040601547_1.html

Coronavirus spread: Uber, Flipkart join hands to deliver essential products


This collaboration will keep the vital supply chains running

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/coronavirus-spread-uber-flipkart-join-hands-to-deliver-essential-products-120040601552_1.html

With privacy concerns looming, Zoom app yet to appear on Indian radar


On Friday, Canada-based independent research organisation Citizen Lab found that Chinese servers were being used to distribute encryption and decryption keys for video conferences on Zoom

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/with-privacy-concerns-looming-zoom-app-yet-to-appear-on-indian-radar-120040601461_1.html

Coronavirus scare at Coal India's top entity; 50 employees quarantined


The employees had gathered to perform a religious event on Friday

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/coronavirus-scare-at-coal-india-s-top-entity-120040601282_1.html

Covid-19 impact: Farmers panic as onion slips to season's lowest of Rs 3/kg


Rush to sell even below cost of production amid fear of spoilage as Lasalgaon mandi is closed

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/covid-19-impact-farmers-panic-as-onion-slips-to-season-s-lowest-of-rs-3-kg-120040601272_1.html

Domestic air traffic to fall from 140 mn to 90 mn due to covid-19: CAPA


"The second quarter is historically the weakest period for demand and hence airlines are only likely to limp back into recovery," aviation consultancy CAPA India said on Monday

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/india-s-domestic-air-traffic-to-fall-to-90-mn-this-fiscal-report-120040601026_1.html

Coronavirus: Gambhir allocates Rs 50 lakh from MPLAD fund to Delhi govt


On Thursday, the cricketer-turned-politician had said that he will donate his two-year's salary to PM-CARES fund to support the battle against coronavirus.

Click here to Read full Details Sources @ https://www.business-standard.com/article/politics/coronavirus-gambhir-allocates-rs-50-lakh-from-mplad-fund-to-delhi-govt-120040600592_1.html

Coronavirus LIVE: Maharashtra cases top 1,000; India death toll at 124


Coronavirus update: The number of Covid-19 cases has reached 1,364,735 worldwide, and 76,458 people have died so far. Stay tuned to Business Standard for Coronavirus LIVE updates

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/coronavirus-live-updates-total-covid-19-global-india-cases-state-wise-death-toll-maharashtra-delhi-tablighi-nizamuddin-latest-news-120040600123_1.html

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