Covid-19: Lockdown extended till May 17
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.
recession
May 2020
April 2020
March 2020
January 2020
September 2019
RIL’s credit rating could be upgraded
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
The build-up to RBI’s ‘bazooka’
Minutes of RBI’s Monetary Policy Committee meeting highlight that members were divided on the space for future rate cuts.
Dependence on China will continue: Harsh Goenka
Unless the government throws a big lifeline, many Indian businesses may become insolvent in the aftermath of the Covid-19 pandemic, the RPG Enterprises chairman says.
Covid-19 to take a toll on credit ratings in FY21
Ratings agency CRISIL pegs India’s GDP growth at 3.5% for FY21; says the number of downgrades will outnumber upgrades, as companies suffer from lack of revenues.
Markets accord red welcome to FY21
Day 1 of the new fiscal saw benchmark indices in the red all through the day; they closed 4% lower.
‘The economy will be totally different post Covid-19’
The next couple of years will be all about stabilising the economy. Local consumption and growth will come back after that, says Dinesh Kanabar, chief executive officer, Dhruva Advisors.
Markets continue to be virus-hit
Equity markets are back to tracking Covid-19 numbers amid fears of global recession. The Sensex and the Nifty 50 closed over 1,375 points and 379 points lower compared to Friday’s close.
Knock, knock. Who’s there? Recession
It’s not yet full-blown but it is making its presence felt with several sub-sectors of the Indian economy showing at least two consecutive quarters of negative growth.
No plan to ban petrol and diesel cars: Nitin Gadkari
The Union minister also assured the auto industry that he would take up its request for a reduction in the GST on hybrid vehicles with finance minister Nirmala Sitharaman.
