Mukesh Ambani’s net worth drops 28% in 2 months as Covid-19 disrupts economy
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.
It could take three years for US economy to recover from Covid-19
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 will offer the first clue on how badly Covid-19 will hurt global tech firms
Samsung unveils preliminary earnings Tuesday & paint a picture of how the pandemic impacted the global tech industry in 2020’s first three months.
Foreign portfolio investors withdraw record Rs 1.1 lakh crore from Indian markets in March
The outflow of funds in March amid the Covid-19 pandemic comes after 6 consecutive months of investment by FPIs.
Centre credits Rs 500 to Jan Dhan accounts of over 4 crore women as lockdown relief
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.
Modi govt is seeking $6 billion of loans to fight coronavirus
The World Bank has already committed $1 billion and Modi govt is in talks with Asian Infrastructure Investment Bank and ADB for more.
Sensex falls 674 pts as banking stocks slide, Nifty tumbles below 8,100
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.
Airbnb may become obsolete depending on recovery of tourism after Covid-19 crisis
Bookings on Airbnb slumped from 96% to 41% this year due travel restrictions imposed by many countries in view of the pandemic.
This is what you need to do if you want to pay, or not pay, your loan EMI for 3 months
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.
States want Modi govt to release grants and GST dues, raise borrowing limits to fight crisis
A sharp increase in health and social welfare expenditures to battle Covid-19 and protect the poor and vulnerable has adversely affected state finances.
We must not return to work for now. Covid’s not over yet, says a virologist in letter to son
If everyone goes back to work as soon as the ‘curve bends downwards’, it's guaranteed you'll get a second wave of infections in Europe.
Is forcing private labs to make Covid-19 tests free the only way to stop spread of infection?
The Supreme Court directed the central government to make Covid-19 testing by private laboratories free of charge Wednesday.
Defence
Col Navjot Singh Bal, Shaurya Chakra awardee and icon for many, loses battle with cancer
Despite losing an arm to cancer, Col Navjot Singh Bal continued to serve in 2 Para as the commanding officer and even learnt to fire with his left hand.
Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less
Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.