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Why India’s sports goods manufacturers fear lockdown means game over for their sector
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17-year-old Amaan Sandhu dealing with lockdown practicing dribbling at home, watching training videos
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Narinder Batra gets extension as FIH President following postponement of body’s annual Congress
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India misses a trick due to lack of oil storage capacity
Even after filling up reserves, govt would have secured only nine days of emergency supplies.As lockdown has crimped demand for fuel products, it has saddled refineries with unsold stocks
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Internet traffic soars over 30% in past 15 days of lockdown
Indians are using this down time to connect with their friends and family.As film theatres shut down and eating out becomes a non-option due to social distancing requirements, people are turning to video-on-demand services
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Mumbai and Delhi drive surge in TV viewership amid covid
TV viewership grew 40% in the fifth week of disruption when compared to the pre-covid period.News consumption on TV has grown by 251% and 177% in Mumbai and Delhi respectively
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Lockdown impact: Oil refiners stare at <span class='webrupee'>₹</span>25,000 crore loss in inventories, fall in margins
Inventory losses would be more for refineries located away from the coast because they have to stock crude oil for longer periods.Besides inventory losses, operating performance of refiners is expected to remain weak in the first quarter of fiscal 2021 due to lower volumes and weak GRMs
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Telcos rush to increase recharge options under lockdown
Paytm and Vodafone Idea partner to power prepaid mobile phone recharges.COAI asks states to issue requisite instructions to enable 'mobile recharging retailers' to open their outlets for offering telecom services to the public
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CAIT seeks clarity on opening up of shops
CAIT apprises the government of the difficulties being faced by traders on ground.The reopening of shops is subject to the area being neither a hotspot nor a containment zone
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Central bank’s bond-swapping Operation Twist brings near-term rates down
The cut-off yields on the sale of near-term paper were, however, lower than prevailing market yields.According to the auction results, the cut-off yields on the securities bought by RBI was higher than secondary market figures
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Cinema owners panic as filmmakers eye OTT premieres
The film exhibition sector is dealing with zero revenue and the biggest loss ever to their business.The big worry for exhibitors is that viewers, especially families, will fear stepping out into large crowds even after theatres reopen
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Lenders see bad loans climbing
An internal assessment of its portfolio by HDFC Bank has revealed that its NPAs may rise by 50 bps.IndusInd Bank has found that its asset quality could deteriorate by a maximum of 80 bps due to the covid-19 crisis
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Hyundai, Maruti to resume production in May
A resumption in production by Maruti and Hyundai is critical for India’s automotive industry as they together control nearly 70% of the domestic passenger vehicle market.Maruti and Hyundai would follow MG Motor India Ltd, which recently reopened its factory in Gujarat
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FMCG makers tighten supplies to Future Retail over delay in payments
There are concerns about the group’s ability to pay, especially as stores are functioning amid tight restrictions.The pandemic has caused long-term store closures across the group’s apparel, fashion, and other high-margin verticals
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Dubbing adds a local flavour to streaming sites’ foreign content
Netflix’s Extraction starring Chris Hemsworth may not have extracted the best reviews but is no less than any Hollywood big-screen spectacle with its Hindi, Tamil and Telugu versions.Amazon Prime Video had released Oscar-winning south Korean black comedy Parasite dubbed in Hindi and also has an entire catalogue of films that it has localized itself for Indian audiences
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Medicine factories are yet to get back to 50% of capacity
Most medicine factories are running at 50% of capacity or less because of the lack of manpower and also because local authorities are not giving permission for the units to function.Industry officials believe the situation could deteriorate for the industry if the nationwide lockdown continues
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Organized retail now accounts for 30% of FMCG sales in metro cities: Nielsen
Nielsen says in the first quarter of 2020, share of modern trade stores in metro cities rises to 24.7% from 22.3% a year ago
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Airlines set to miss deadline on PW engines
A senior DGCA official said that the watchdog will take a decision on extending the deadline after the nationwide lockdown is lifted.IndiGo has 106 PW-powered A320neo planes in its fleet, while GoAir has 43
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Digital lenders struggle to cope with slowdown induced by virus
Digital lenders are seeking guidelines for full digitization and allowing eKYC and eSign mandates.eKYC was suspended for NBFCs as the SC had ruled that private firms cannot force anyone to share Aadhaar data for KYC authentication
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FMCG companies open links with retailers to ensure supply
Companies have launched tele-services and even dedicated apps that let shopkeepers place orders.The companies say this will help ensure supplies do not run out at a time when distributors and wholesalers have been immobile because of lockdown
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India’s active internet user base to hit 639 mn by year-end
Currently estimated at 574 million, the number of monthly active internet users has grown 24% over that of 2019, indicating an overall penetration of 41% last year
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Look into Kartarpur domes collapse: India to Pak
India has conveyed to Pakistan that the damage to the structures in the gurudwara has caused "great consternation" among the Sikh community, they said.
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Singapore to extend partial lockdown by 4 weeks until June 1
In a televised address to the nation, Singapore Prime Minister Lee said the government was committed to do its "utmost" to keep the deadly virus at bay.
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India's fighting COVID-19, Pak exporting terror: Army
The Indian Army chief, who is on a visit to Jammu and Kashmir, to review LoC operations, said, "It is very unfortunate that at a time when the
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India protests Pak SC order to hold polls in PoK
The Ministry of External Affairs said Pakistan was told that entire Jammu and Kashmir and Ladakh, including areas of Gilgit and Baltistan, are an integral part of India and that Islamabad should immediately vacate the areas under its illegal occupation.
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Pakistan Air Force gets its first Hindu pilot
The youth, Rahul Dev, has been recruited as a General Duty (GD) pilot officer in the Pakistan Air Force (PAF), Daily Pakistan reported.
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Pakistan's new strategy: Bleed India with a thousand tweets
Indian agencies have been engaged in countering Pakistani cyber-attacks on social media platforms for a very long time.
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8 things I learnt during the lockdown
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Lockdown pix: These kids want you to stay indoors!
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Stunning! Alia, Bhumi, Tapsee in off shoulder gowns
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9 things I achieved in 40 days of the lockdown
Sabyasachi Dutta, managing director, Vidatec India, tells us how he spent 40 days under lockdown.