The Prime Minister has repeatedly spoken of media as an essential service, and several Central government orders have been issued in the past fortnight to back this up – exempting news-gathering and distribution staff from the lockdown, and asking states to facilitate their movement. Before the announcement of the lockdown, the PM also spoke of the “tremendous credibility” of newspapers.
Top broadcasters, media buyers and advertisers ET spoke with, feel that if the situation doesn’t improve by end of April, the TV industry will end up with a 30-40% drop in ad revenues in April and May. Experts say that while March is usually a slower month for advertising, many top spending categories spend heavily during these two moths on IPL and the summer season.
As the Covid crisis unfolds, legal firms are seeing a sharp rise in consultation on writing wills and estate planning. It’s not just intimations of mortality. The economic and market meltdown caused by the pandemic is also pushing the wealthy to make sure that those they want to take care of do not suffer.
India’s rich have started detailing bequests, worried about mortality & wealth erosion.
Reliance Industries Limited (RIL) has set up India's first COVID-19 dedicated hospital in Mumbai. This first-of-its-kind-in-Indiacentre is fully funded by Reliance Foundation and includes a negative pressure room that helps in preventing cross contamination and helps control infection. All beds are equipped with the required infrastructure, biomedical equipment such as ventilators, pacemakers, dialysis machines, and patient monitoring devices. 101 positive COVID-19 cases have been reported in Maharashtra so far.Coronavirus news: Reliance sets up India's first COVID-19 dedicated hospital in Mumbai
The show aired on DD 1 from 1997 to 2005.
The fund beat its benchmark in 2019 largely because the U.S. market outperformed India.
Social stigma, hostility, near-boycott - Indians who were studying abroad and came back home are facing all of this and then some. Local citizens are responding with various degrees of hostility to those with travel history.
Radico Khaitan has said the company will start manufacturing hand santizer from its Rampur distillery.
GoI has failed to ensure informed communication through identified experts who would be made available to mass media, especially TV. Most TV channels filled this gap with semi-informed commentary by celebrity doctors from branded private hospitals with very little expertise in the problem at hand.
As per data from TV viewership monitoring agency BARC India, the PM’s address was viewed live by 197 million people, across 201 TV channels. The 8 pm speech was views for a record 3.891 billion minutes. In comparison, the last IPL final was viewed by 133 million viewers.
For the week between March 14 to March 20, there was a 6 per cent increase in the reach of the television, while the average time per user went up by 2 per cent, the Broadcast Audience Research Council (BARC) India said in a statement.
I am cautiously optimistic that we will have a solution in 2-3 weeks, says MD & CEO of IHCL.
While the daily total time spent per viewer also jumped from 3 hour 46 minutes in January to 3 hours 51 minutes each in week under consideration. The increase in TV viewership was driven by kids (20%) after schools were shut down and kids could even venture out due to restrictions in place.
High handedness by police forces confused by mixed signals from the political brass in the state disrupted essential services for citizens in many parts of Maharashtra as people found it difficult to reach their work places.
The culinary star was the co-owner of 'Bombay Canteen', 'O Pedro' and 'Bombay Sweet Shop'.
The committee of creditors (CoC) of grounded Jet Airways will meet on March 12.
About 33% of Indian employees face or have faced age-based bias at their workplace.
The services will be available in Mumbai, along with Delhi NCR, parts of Uttarakhand, Madhya Pradesh, Himachal Pradesh, Jammu and Punjab. In a series of tweets, Big Bazaar shared phone numbers for different outlets where customers can call and place orders.
Indians, stuck at home due to the lockdown induced by the Covid-19 pandemic, are turning to podcasts to keep themselves entertained as they go about their daily chores, giving a boost to the fledgling industry.
Construction work has come to a standstill as the lockdown kicked in, triggering concerns that the companies would see revenues being hurt and may even incur losses on some projects.
The singer is being treated at SGPIMS, UP.
Maharashtra Health Minister Rajesh Tope on Tuesday slammed rumours that claimed that newspapers were spreading the coronavirus and said that the rumours were ‘baseless’.
US banks, including Citibank, JP Morgan, Goldman Sachs, Wells Fargo and Bank of America have said they would continue to invest in technology to improve internal efficiencies and towards new products and services. Tech spending has been rising in largest and top regional banks in the US, and this has improved the contribution to incremental revenues and growth across Indian IT.
DLF said a panel constituted by its board has approved a proposal to raise up to Rs 1,000 crore.
Even as Coronavirus spread, with sectors such as retail, travel, aviation, realty and others hunkering down to face prolonged economic pain, the small club of cryptocurrency players stood out. They are hiring and are witnessing customers, particularly millennials, flocking in to buy virtual money.
Kotak Institutional Equities said that Facebook’s reported interest may be driven to enhance addressable opportunity in its largest market in terms of subscriber base.
Apple currently sells its devices through third-party reseller outlets like Amazon, Flipkart and Paytm Mall. Apple plans to sell its devices through its own website starting the later half of this year and will build a physical store, most likely in Mumbai, next year.
"We've been working with Reliance across the entire stack - everything from what they are going to be doing with Azure in their own data centres and how they will extend it... It's sort of a great example of a business leader and a company which is in very diverse sectors to take a platform approach, to use technology to create more technology," said India-born Nadella at the event in Mumbai.
"The curfew should have been imposed a week ago. The government may have different views, but in my personal opinion, the decision of lockdown should have been announced earlier," senior Shiv Sena leader Sanjay Raut said.
Six years later a tax tribunal has ruled that the payment of $440,000 by Volkswagen Finance, a Volkswagen arm in India, for the celebrity appearance should be taxed in India.
The volatility index (VIX) declined 8 per cent to 76.96, after a high of 86.6 in the previous session.
The actor deleted his tweet after it got backlash from Twitterati.
This is second time since January 21, 2008 and sixth time in the past two decades that trading in India has been frozen because of indices hitting the lower circuit.
Over 100 teams, comprising around 1,000 members of the local administration and the UP health department, have been tasked to track down all possible contacts of singer Kanika Kapoor during her stay in the city since March 11. She tested positive for Covid-19 on Friday. On Saturday, the team scanned nearly 22,000 residents living near Kanika’s house.
The Centre has put seven countries which have seen large-scale outbreak of the virus in "negative" list, and passengers from these places are placed in compulsory quarantine whether they have any symptoms or not, Maharashtra Health Minister Rajesh Tope told a news channel. Maharashtra has reported at least 47 coronavirus patients so far.
The Co-Founder & CIO of Zerodha says people with a three-year or a five-year kind of outlook are buying into this market. All of that is prudent as long as they are doing this without any leverage. If they are willing to buy a 50% now, and have some cash at hand to buy more if there is a further correction, that would be a good thing to do.
Trump touted that generic malaria drug hydroxychloroquine has been used with some success in treating Covid-19.
Trading was halted for 45 minutes at 9.57 am (IST) within the first hour of trade.
Cybersecurity experts warn that the ongoing situation has made cybercriminals more active as they are increasingly targeting both the bank employees with malware attacks, and the unwitting customers using digital channels with scam messages, to defraud them and gain remote access to secure networks.
BPCL has procured 500 million barrels of distress crude (five shiploads) at a discount of $3-5 per barrel.
While many countries in Asia, Africa and Latin America also use microcredit to grease consumption at the bottom of the pyramid, India’s banks and shadow financiers are already reeling under a severe crisis of confidence.
Stoppage of fresh inflows on worries of recession are forcing foreign funds to liquidate holdings.
People are passionate about food and like to see their choices validated.
ICMR has widened the scope of testing to include some asymptomatic individuals as well.
The Covid-19 pandemic is now destroying the industry. FM radio now desperately needs support from the government: short-term life support as well as long-term policy support. AROI, the FM broadcasters’ association has written to Prakash Javadekar, minister for information and broadcasting, seeking his urgent intervention.
Centrum maintained its ‘buy’ rating on Pfizer with a target price of Rs 5,000.
India Vix snapped two-session winning streak and tumbled 7.94 per cent to close at 76.96
Bharti AIrtel raised Rs 2,500 crore by selling bonds, even as the telco paid a part of its telecom licence fee dues.
Usually, hiring of top executives such as chief executives, and operations and finance chiefs remains much less affected than others, because companies can't hold off hiring for critical roles. But now, the next few weeks will be the deciding factor and even crucial roles will get impacted if the situation escalates, experts fear.
For Indian IT sector CEOs, travelling in the times of Covid-19 has become fraught with drama.
PI Industries, IPCA Labs, VIP Industries and Natco Pharma are among a few companies which will report Q3 results today.
Vodafone Idea will drop brand name "Idea" from its postpaid services.
However, Hyderabad saw the average value of apartments increase by 40 per cent to Rs 5,318 per square foot. In Mumbai, the average value rose 15 per cent to Rs 9,446 per sq ft.
DRL says it would keep focusing on emerging markets and India for business growth.
The rare clip features footage of 60 to 70 minutes.
Most market analysts on D-Street advised retail investors to exercise caution.
Apprehension on the safety of deposits in private banks is highly misplaced, the letter says asking chief secretaries.
Foreign investors say Dalal Street may be better placed relative to emerging market peers.
On January 28, Kamra was banned by IndiGo from flying with the airline for six months for allegedly heckling a private TV news anchor. The ban period was later reduced to three months. As per norms, any allegation of misbehaviour mid-air by passengers has to be investigated by an internal committee set up by the carrier concerned.
My past experience is that at the bottom of the market forms at the peak of the crisis because that is where people become most pessimistic, says MD, Kotak AMC.
This entire discretionary consumption gamut will have an immensely profitable run over the next 10 years, as they formalise through and further benefit from that 15 per cent tax rate that the FM has offered, says founder of Marcellus Investment.
VIX, which touched a high of 42.32 intraday, has moved up by 65 per cent in the last three sessions alone.
The government has also issued a travel advisory asking citizens travelling to and from China to follow certain precautionary measures. It stated that as on January 11, as many as 41 confirmed cases of the infection by a novel coronavirus have been reported in China, and one person has died.
High-profile events like the Indian Premier League (IPL) was postponed by two weeks, while novel coronavirus-related disruptions continued in various sectors.
CAA protests latest in a series of events that triggered extensive spread of misinformation across social media, say fact checkers.
RBL, Karnataka and South Indian Bank have clarified that rumours around their financial health are untrue.
France has till now confirmed 130 cases and two deaths from COVID-19.
The RBI wants to keep the rupee stable and will continue using long-term repurchase operations.
The country is also set to observe a janata curfew from 7 am to 9 pm on Sunday after Prime Minister Narendra Modi on Thursday pitched for social distancing, asking people, barring those in essential services, not to get out of their homes.
Covid-19 has created not just a health emergency but a financial crisis. It could not have come at a worse time for India, already in the middle of a slowdown.
SBI Chairman Rajnish Kumar told reporters on Saturday the bank's capital infusion into rescuing Yes Bank would have a "very marginal" impact on SBI's capital adequacy ratio. On Thursday, the Reserve Bank of India (RBI) took control of Yes Bank, imposed limits on withdrawals to protect investors and said it would work on a revival plan.
Sterlite Technologies bagged a Rs 1,800 crore project from Telangana Fiber Grid Corp
Steel Authority of India said it has recorded a 47% rise in sales during Dec.
The bank witnessed withdrawals of over Rs 72,000 crore of deposits in the last six months to Rs 1.37 lakh crore.
The Carona virus is slowly spreading to the rest of the world which was largely concentrated in China, and is expected to have adverse economic consequences. If China's economy slows to 1.2 per cent in January-March quarter, the GDP shock to India from the demand side could be about 0.4- 0.5 per cent, the report said.
The Blackstone Group will invest up to Rs 380 crore in Allcargo Logistics’ warehousing business.
Analysts see big impact as travel and hospitality firms defer spending in new tech projects as well as bargain for lower prices in existing projects. IT services exporters, especially mid-tier firms, are going to be “hit hard” given their higher exposure to the vertical, analysts said.
If you’re cooped up and anxious, getting a workout in can do wonders.
Drug firm Granules India is recalling over 2.3 crore ranitidine tablets.
Market corrections have erased 10% of India’s m-cap, prompting a re-look at many deals
Chinese suppliers have prioritized shipments to large Indian automakers, industry sources said.
The dramatic actions are intended to avoid a collapse of India’s fourth-largest private bank.
Prabhudas Lilladher projects 5-6 per cent drop in personal vehicle sales on year-on-year basis.
Hundreds of students from the Tata Institute of Social Science (TISS) and the University of Mumbai held protests to denounce the BJP-led government over the Citizen Amendment Act (CAA) and also the proposed National Register of Citizen (NRC).
Care Ratings downgraded YES Bank’s infrastructure bonds, lower tier II bonds and Tier II bonds.
The Delhi theatre lockdown means more bad news for Bollywood.
Applause Entertainment will develop ambient content around existing shows and IPs, original content in short format for Firework.
There were reports that the actor was dropped from the campaign after she called the police action on Jamia students 'barbaric'.
A sharp rebound might be in the offing with central bankers scampering to talk up the market.
As Bezos came calling, he got the red-carpet treatment. Here's what's keeping India Inc busy...
Options include a rate cut and supporting the market through liquidity measures, says Das.
Aaditya described Uddhav Thackeray's first visit to the national capital after becoming chief minister in November last year, as "smooth" and "cordial". Aaditya, who also holds Protocol department, said the meeting with Congress president Sonia Gandhi was a "political one."
The company has partnered banks such as ICICI Bank, Karur Vysya Bank and Federal Bank to provide loans where customers can get their gold valued at home and receive the loan amount directly into their bank accounts.
Vasani told BE, “This was not an easy decision on my part and it took a great deal of consideration. It is always exciting and yet, a bit unnerving to move out of your comfort zone. But, as they say — do what you got to do. I’m headed off to explore my next chapter.”
Karvy serves 70 million investors and provides investment advice to more than 600 firms.
Prestige Estates Projects's board has approved issuing 1.34 crore equity shares to GIC.
Analysts expect broader indices to fall by another 3-4%, bank stocks to see increased volatility.
KEC International said it has bagged orders worth Rs 1,520 crore across various business verticals.
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