Sixty days have made one thing clear, India is not under lockdown. Over the last two months, India’s seen only patchwork closure and a crippled economy. Whatever time India bought from the lockdown - crucial time it could’ve used to improve infrastructure - seems to have gone to waste. Do you agree?
Mark Mobius said Modi government acted fast on reforms, particularly on labour reforms.
According to sources, Pakistan’s move was backed by Turkey as part of Ankara's strategy to oppose Saudi-UAE dominance in the OIC. However, Malaysia which had earlier joined ranks with Turkey and formed an alliance of sorts to oppose the traditional influence of Saudi Arabia and the UAE in the OIC did not back Pakistan with same vigour as in the past.
The mill owner decided to extend the working day without any additional pay and cut wages in the weaving department, worked entirely by women, by 25%, on the ground that they had been, out of mistaken generosity, paying them wages that were extravagant for young women.
Restructuring of the balance sheet is underway and has continued with a rise in run rate of low cost deposits.
Multiple rating agencies and outfits have already cut India's growth rate.
The top court gave another opportunity to the Delhi government to file its response on Imam's plea which also sought the transfer of all criminal cases against him to the national capital and probe by a single agency.
On Sunday, the central government had announced that Andhra Pradesh and West Bengal will not handle any domestic flights while airports in Mumbai, Chennai and Hyderabad will see reduced operations.
The Centre has reduced both employer's and employee's contribution to Employees' Provident Fund.
ET Bureau Fewer Indians downloaded TikTok in April and May compared to the previous two months.
ET CONTRIBUTORS The Centre has reduced both employer's and employee's contribution to Employees' Provident Fund.
Bloomberg With the outlook uncertain, some have even withdrawn hold ratings for stocks.
India has, so far, reported 1,45,380 cases and 4,167 deaths (including 80722 active cases, 60491 cured/migrated.)
ET Now We need to jumpstart economy on both demand and supply side, says the CMD of Bajaj Finance.
ET Bureau These stocks can return 19 per cent to 24 per cent in one year, according to ICICIdirect.
ETMarkets.com The Nifty Auto index was trading 1.36 per cent up at 5845.5.
PTI The two-wheeler major has decided to reduce salaries at executive level, barring entry level workmen, from May till October this year.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service