Top 10 biz headlines: Slowdown blues, coronavirus lockdown Effect, and Much More

Foreign portfolio investors (FPIs) are once more stepping on the gas once it comes to pulling from Indian markets. Analysts want RBI to check in’unconventional’ financial policy steps for a resurrection nudge. Listed below are the top ten stories on Monday morning.

Overseas investors once more measure up selling as stimulation # & Immunology 13;

Foreign portfolio investors have hammered out $1.7 billion amid disappointment within the stimulus package and increasing Covid-19 instances despite several lockdown extensions. Read here

It is back to industry for business, but maybe not very’business as normal’ however

Even as earnings are nowhere near last year’s amounts and nobody is counting projected growth for the entire year, but in contrast to April, business is considering seeing a indication of slow uptake in May need as lockdown is gradually relaxed. Read here

Unlike govt’s claims, direct taxation prices 67% until May 21

The lead tax refunds have diminished 67 percent since April 1 on precisely the exact same period this past year, standing at Rs 16,242 crore through April 1-May 21. Read here

ITC place to get spices important Sunrise Foods for projected Rs two,000 crore

ITC had entered into an arrangement with spice major Sunrise Foods for a 100 percent stake in the business. Read here

Cidco Would like to test GVK’s Navi Mumbai airport bet sale for breaches

Maharashtra government body and Industrial Development would like to analyze the sale of stake at GVK’s airport holding firm to make sure there isn’t any breach at the concession arrangement. Read here

Lockdown 4.0: Perform dangers at Maruti, Hyundai as coronavirus strikes

Maruti Suzuki India and Hyundai have reported cases of coronavirus one of their employees in under two weeks of opening after the authorities relaxed nationally lockdown rules. Read here

Coronavirus outbreak: Few takers for free LPG cylinders in lockdown

Oil-marketing businesses have been able to spread around 68 million cooking gas tanks, within their strategy to distribute three complimentary electrons to 80.3 million households. Read more here.

Covid-19 catastrophe: Just 46% girls with Jan Dhan balances withdrew cash

As of May 20, only around 46 percent have pulled the cash in their Jan Dhan accounts although they’ve obtained two instalments of Rs 500 in the authorities. Read here

Slowdown blues: RBI rate reductions not powerful , say analysts

RBI have to look at other steps to nudge to get a revival, state analysts since they started questioning when the interest rate drops are successful anymore whenever the market is at a contraction manner. Read here

Lockdown 4.0: New channels hit gold in the bottom of television pyramid

Of India’s 836 million TV viewers, roughly 240 million watch just free-to-air stations and they might maintain 38 million houses which have DD Freedish, a free DTH system, or 15 million cable homes. Read here

About the author

Sarah Lacy

Sarah Lacy

Sarah Lacy is a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.
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