While the rating agency downgraded India’s sovereign rating, BofA Securities’ economists see the present downturn as cyclical rather than structural; say fiscal stimulus is critical for recovery.
Due to the pandemic, it is not just businesses; even directors seem to be caught between a rock and a hard place.
Astral Poly Technik, a FORTUNE INDIA 500 lister since 2016, and one of FORTUNE INDIA’s TOP 100 Wealth Creators in 2019, sees consolidation picking up in the pipe industry due to the Covid-19 pandemic.
Venture capital investment in healthtech hits $8.2 billion in the first quarter of 2020, the highest quarterly total on record, says Preqin; large deals continue to be made.
The alternatives industry faces short-term disruption due to the Covid-19 pandemic, but the longer-term impact is more positive, says Preqin.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
Mutual funds industry body AMFI cites the central bank’s ₹50,000 crore special liquidity facility for the development.
Both the Sensex and the Nifty 50 stage more than 14% recovery. The Sensex market capitalisation is up by nearly ₹7.63 lakh crore with 13.48% monthly growth.
The MD & CEO of Bajaj Allianz Life Insurance Company says the industry saw new business fall 32% in March as a result of Covid-19.
The delay in stimulus announcement is disappointing and raises the probability that a stimulus, if any, might be weaker than expected, says Jefferies India.
