Hindustan Unilever share price jumped 4% on Friday to trade at Rs 2,070 per share on the NSE Nifty-50 after a bulk deal that saw French multinational investment bank and financial services company, Societe Generale buy 1,29,00,000 shares.

The Tamil Nadu government has announced relaxations allowing industries, particularly export units, to resume operations with standard operating procedure as suggested by the Union government.

Despite the Gujarat government’s order to pay salaries to workers during lockdown period, lakhs of diamond artisans in Surat have not been paid their wages by their employers, said Diamond Workers Union – Gujarat.

Consumer demand for non-essential products with e-commerce firms has increased manifold after the government last Friday lifted the ban on sale of such products by e-tailers.

Hobbled by a shortage of workers, companies are finding it hard to resume operations at an optimal scale and with migrants moving back home, it could be a while before factories hum with activity.

Indian cotton prices have come down by 12-15% due to the ongoing lockdown and fears that the country’s cotton consumption will reduce, resulting in more carry-forward stocks by September 2020, officials of the Cotton Association of India (CAI) said on Tuesday.

The edible oils import declined by 34% to 7,90,377 tonne during April, mainly due to logistics related issues during the lockdown, industry body Solvent Extractors Association of India (SEA) said on Wednesday.

The rating downgrade action took into account the increased stress in the wholesale portfolio, which could lead to a deterioration in the asset quality, and the consequent impact on the financial performance.

The daily power demand in the country has fallen by a sharp 21% since March 16 with electricity requirement on March 25 being only 2,777 million units (MU), as most parts of the country is under shutdown.

The decrease in WiFi usage can also be attributed to people staying at homes.

A study by two India-origin researchers at the University of Cambridge, is based on the SIR approach, but takes into account age and social contact structure to assess the impact of the lockdown and social distancing measures adopted before it.

After a fiscal that saw the pace of work slowing down, a first for the NDA govt, FY21 is likely to be impacted by Covid-19 and its aftermath.

Airtel emerged on the top in terms of latency experience with an average response time of 54.1 milliseconds, followed by Jio at 56.3 ms.

The official also said as the social distancing norms will remain in effect in near future, it has to start conducting its discussions and other work online.

Growth was already slowing before the corona outbreak; forcing industry to pay full wages imperils MSMEs’ survival

The lockdown has achieved its purpose. Extending it may not be worth the cost.

Even supporting the poor—whose numbers will double—can cost Rs 65,000-130,000 crore per month

Extending the lockdown well beyond mid-May would shave 8-9% off the real GDP. but, the damage being done doesn’t seem to be filtering up to those in charge

Before tertiary infections take root, it could perhaps be a good to plan to decongest the slums by arranging travel of migrants to their home in orderly manner without losing time

India’s Achilles heel on ratings is its parlous state of fiscal affairs and the risk of a sharp deterioration of government debt to potentially ~75-80% of GDP.

Liquor-store crowds show the masses still don’t understand the importance of social distancing in fighting Covid-19

Everyone in the banana supply chain seems to be gaining from the lockdown, except growers.

Given the many advantages it has over traditional litigation during the corona crisis, arbitration should no longer be just an alternative dispute resolution mechanism, but the primary choice for adjudicating disputes.

CoronaVirus/Lockdown update news in Marathi : करोना आणि लॉकडाऊनविषयीची ब्रेकिंग बातमी

WBC heavyweight champion Tyson Fury has teased on social media that some "massive" news is soon to be released by his management company, sparking rumors that a title unification bout with Anthony Joshua is just around the corner.
Read Full Article at RT.com

In the 73rd fight of his professional career, Russia's Alexey Oleynik swapped grappling for striking as he threw caution to the wind, and defeated former UFC heavyweight champion Fabricio Werdum at UFC 249 in Jacksonville.
Read Full Article at RT.com

More than 1,000 people queued up in Geneva to get free food parcels. The anti-coronavirus measures that have been in place since mid-March have taken a heavy toll on the country’s poor.
Read Full Article at RT.com

Kerala will go into complete lockdown on Sunday, the state government said on Saturday. Nothing will be allowed to open except essential services, it said. "With a view to prevent the spread of...

According to Dun & Bradstreet's latest Economy Forecast, the changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic is brought under control.

The end of lockdown will likely start a new phase of problems for migrant workers, as labour exploitation may rise significantly in the pockets where there is an oversupply of workers.

Kumar said as long as the lockdown continues, economic activity will remain tepid, but "demand should be there in the economy" and the question of logistics can be taken care of. The SBI chairman also said complete easing of the curbs is still some time away.

The government had last month extended the deadline to file GST returns for March to May 5, from April 20. As per convention, the government releases GST revenue collection number on the basis of cash collection in a particular month.

According to data from GSTN, over 19,552 tickets raised by taxpayers were resolved between March 25 and April 24.

The sale of fertilisers shot up by 45.1 per cent on-year in April 2020.

As most of the small and medium scale industries have started operations from 20th April, the normal consumption level of petrol and diesel is likely to be achieved by July 2020.

Curiously, the majority of those who say they want their economies to restart before the virus has been contained also report being “very nervous” about leaving home.

Even as India is the second-largest consumer of gold, it imported only 50 kg of gold in April, compared to 110.18 tonnes in the same month a year ago.

The forced lockdown period is a good opportunity for everyone to learn basics such as making online fund transfers via the payment gateways, pay renewals, and check balances, etc from the comfort of home.

HSBC Global Asset Management has marked down its exposure from 75% to 100% in its two debt schemes holding the non-convertible debentures (NCDs) of Dewan Housing Finance Corporation (DHFL).

The colour-zoning of India (red, orange and green) and the limited relaxations with several caveats have not helped re-start economic activity.

The lockdown has led to less pollution and clear skies. So why not indulge in some night sky gazing?

Last week, the Supreme Court also advised the state governments to consider the online sale or non-direct contact and home delivery of the same.

1. Centre issues guidelines for restarting factories post lockdown, says treat first week like test run  Zee News
2. After Vizag gas leak, new MHA guidelines on restarting manufacturing units insist on safety  Moneycontrol
3. Centre issues guidelines for manufacturing units post lockdown  ETAuto.com
4. View Full coverage on Google News