Lockdown, Day 36: India sets off rating alerts
India crossed two grim milestones in the last 24
hours, with the total number of cases topping 30,000 — ending the day at
31,411 — and the death toll going past 1,000. Both the number of new
cases, at 1,897, and fatalities (73) reported
in the last 24 hours, were the highest reported in a single day so far.
Mumbai alone has now reported more than 6,000 cases.
Meanwhile, India's economic outlook is getting bleaker by the day. Fitch
slashed the GDP estimate to 0.8% from 5.6% in December. Moody’s
downgraded India’s growth estimate to 0.2% from 2.5% it had assessed in
March.
Here are the developments so far...
COUNT SO FAR
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94 new cases in Indore; MP state tally nears 1,500 |
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Mumbai reports more than 6,000 cases |
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Rajasthan now has 2,383 cases |
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20 more cases in Uttar Pradesh |
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AP reports 73 more cases; tally climbs to 1,332 |
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Karnataka case count rises to 532 |
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Haryana case count climbs to 308 |
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Agra reports 21 new cases; district tally now 425 |
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Odisha reports 3 more cases; state tally climbs to 122 |
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Bihar reports 12 more cases; tally climbs to 378 |
| World |
|
India |
|
| Tally |
Toll |
Tally |
Toll |
| 31,17,880 |
2,17,212 |
31,332 |
1,007 |
BUSINESS AND ECONOMY
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Sensex rallies 606 pts; Nifty tops 9,500 |
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No salaries for April, May for SpiceJet pilots |
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Jio Q4 results preview: Profit likely to double |
WORLD ECONOMY
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US oil jumps more than 14%, above $14 a barrel |
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Alphabet-Google profit up despite ad slump |
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VW sees 'severe' virus impact but no annual loss ahead |
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Airbus posts 481 mln euro Q1 loss |
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Fitch downgrades Italy rating to BBB- |
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Euro zone economic sentiment crashes to 67.0 points - steepest fall ever |
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Saudi reserves plunge the most in 2 decades |
GLOBAL TALLY
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Over 2,200 deaths in 24 hours in the US, total tally tops 1 million |
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IMF approves $3.4 bn aid to Nigeria
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Mainland China reports 22 new cases vs 6 a day earlier |
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Mexico's registers 1,223 new cases, 135 deaths |
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Italy cases top 2,00,000 |
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Singapore reports 690 new cases, mostly foreign workers |
