Page 27 - Covid-19
Respite for pandemic-bruised automakers: Tractor, two-wheeler sales rebound
Pent-up demand, rural focus of these segments aid sales recovery
 "Respite for pandemic-bruised automakers: Tractor, two-wheeler sales rebound")
Economic recovery to gather pace in H2-2020; stay negative on India: Nomura
While collectively, emerging market economies have entered their deepest recession in at least 60 years, Asia - particularly China and Northeast Asia - stand out as the best, Nomura says
 "Economic recovery to gather pace in H2-2020; stay negative on India: Nomura")
Nifty topline may dip up to 25% YoY; banks, telecom, agrochem silver lining
In IT services, one can expect a sequential revenue decline of 5-10 per cent due to demand compression from direct hit verticals and supply-side factors.
 "Nifty topline may dip up to 25% YoY; banks, telecom, agrochem silver lining")
25/25 staff model will become a reality quicker than expected, says TCS CEO
Rajesh Gopinathan, CEO & MD of the Mumbai-headquartered firm says that the model has been well-accepted by all stakeholders including clients and employees
 "25/25 staff model will become a reality quicker than expected, says TCS CEO")
Campus remedies
How innovative minds in universities are designing solutions for critical problems
World Coronavirus Dispatch: Facing third wave, Hong Kong shuts schools
US marines infected at Okinawa base, UK drones to deliver Covid-19 tests to Scottish Islands, two art gallery shows to explore from home and other pandemic-related news across the globe
 "World Coronavirus Dispatch: Facing third wave, Hong Kong shuts schools")
Former India cricketer Chetan Chauhan tests positive for Covid-19
Former India cricketer and Uttar Pradesh cabinet minister Chetan Chauhan has tested positive for coronavirus
 "Former India cricketer Chetan Chauhan tests positive for Covid-19")
Amitabh Bachchan stable with mild symptoms after testing Covid-19-positive
Bollywood megastar Amitabh Bachchan is in a "stable" condition with "mild symptoms", after he tested positive for coronavirus on Saturday
 "Amitabh Bachchan stable with mild symptoms after testing Covid-19-positive")
World Coronavirus Dispatch: People with no symptoms can 'spread' virus
Japan's contact-tracing app fails, San Francisco to pause reopening salons and parlours, California to release 8,000 prisoners and other pandemic-related news across the globe
 "World Coronavirus Dispatch: People with no symptoms can 'spread' virus")
Industrial output continues decline in May; govt withholds headline number
All the components of the IIP - mining, manufacturing and electricity - saw contraction on a smaller magnitude as compared to the previous month
 "Industrial output continues decline in May; govt withholds headline number")
Top govt scientists tell MPs Covid-19 vaccine at least a year away
Reliance of Indian pharma industry on Chinese APIs a 'huge strategic concern' with few short-term solutions, they say; meanwhile, CSIR says Covid offers a good opportunity to check brain drain
 "Top govt scientists tell MPs Covid-19 vaccine at least a year away")
Insurers start offering standard Covid product as mandated by Irdai
As of now, the insurers have to offer the indeminity-based standard Covid cover (Corona Kavach), but later they may also offer the benefit-based product (Corona Rakshak), insurers said
 "Insurers start offering standard Covid product as mandated by Irdai")
No need for blanket extension of EMI moratorium: SBI chief Rajnish Kumar
Says people are very cautious about increasing their liability. Especially in retail, a large number of people are paying up, and SMEs have also started paying
 "No need for blanket extension of EMI moratorium: SBI chief Rajnish Kumar")
Shoppers Stop MD Rajiv Suri puts in papers amid Covid-19 challenges
Company to be managed by CXO committee in interim period
 "Shoppers Stop MD Rajiv Suri puts in papers amid Covid-19 challenges")
Covid-19 impact: Mercedes-Benz India H1 sales down 55% at 2,948 units
Mercedes-Benz India said it witnessed positive momentum in June 2020 sales, which showed first signs of a gradual recovery buoyed by a rejuvenated SUV portfolio
 "Covid-19 impact: Mercedes-Benz India H1 sales down 55% at 2,948 units")
France begins investigating Covid-19 unemployment fraud worth millions
Criminals took advantage of an unemployment scheme, successfully obtaining more than 2 million euros from the state that did not go to workers
 "France begins investigating Covid-19 unemployment fraud worth millions")
Tablighi Jamaat: 62 Malaysians,11 Saudis walk free after paying fines
The court had on Thursday allowed 60 Malaysians to walk free on payment of Rs 7,000 fine each after they accepted a few mild charges under plea bargain process
 "Tablighi Jamaat: 62 Malaysians,11 Saudis walk free after paying fines")
India has room for fiscal support given severity of economic crisis: IMF
Over the medium-term, India will have a very limited fiscal space, and a credible and well-communicated consolidation plan will be urgently needed once the pandemic subsides, an IMF official said
 "India has room for fiscal support given severity of economic crisis: IMF")
India coronavirus dispatch: Covid-19 pandemic and policy solutions
Irrational preference for costly Covid therapy, locked-down India ignored rising indoor air pollution, what a study of 17 mn reveals about deaths-roundup of news on how India is dealing with pandemic
World Coronavirus Dispatch: Air travel picks up on domestic flight recovery
US sets new one-day record with 60,500 cases, Russian deaths cross 11,000, bringing home seafarers stuck on ships and other pandemic-related news across the globe
 "World Coronavirus Dispatch: Air travel picks up on domestic flight recovery")
