The Indian market was corrected by 25% in the last two months as the economic costs and impact of the pandemic on companies led to a sell off across the world.
According to a new report from McKinsey & Company, the economic impact in the US could exceed anything experienced since the end of World War II.
Samsung unveils preliminary earnings Tuesday & paint a picture of how the pandemic impacted the global tech industry in 2020’s first three months.
The outflow of funds in March amid the Covid-19 pandemic comes after 6 consecutive months of investment by FPIs.
Finance Minister Nirmala Sitharaman had earlier said that ex-gratia payment of Rs 500 would be credited to female Jan Dhan account holders for the next three months.
The World Bank has already committed $1 billion and Modi govt is in talks with Asian Infrastructure Investment Bank and ADB for more.
Axis Bank was the top loser in the Sensex pack, cracking over 9%, followed by IndusInd Bank, ICICI Bank, Titan, SBI, Maruti, HDFC and Asian Paints.
Bookings on Airbnb slumped from 96% to 41% this year due travel restrictions imposed by many countries in view of the pandemic.
Processes vary from bank to bank with some asking customers to write to them to avail the moratorium, while others asking borrowers to inform them to opt out.
A sharp increase in health and social welfare expenditures to battle Covid-19 and protect the poor and vulnerable has adversely affected state finances.