Lockdown, Day 66 &67:
Will India take leap of faith?
As
the fourth phase of lockdown is ending tomorrow, SBI suggested that
India should implement an exit plan strategy. In a research report, it
said that an elongated lockdown will only prolong irreversible growth
collapse. This, when daily rise in coronavirus cases is record high at
8000.
On jobs front, top 5 insurance companies believe that they
can hire upto 5000 people on business boom. Tata Steel also confirmed
to honour all the offers it has made and start off digital training for
fresh hires.
Track this space for latest updates...
COUNT SO FAR
 | Bihar reports 150 new cases, state tally at 3,509 |
| Rajasthan reports 49 new cases, count reaches 8,414 |
| Odisha reports 96 new cases; tally now 1,819 |
| Indore's count rises to 3,431; death toll at 129 |
| 2325 police personnel test positive in Maharashtra |
| Himachal Pradesh logs 302 cases |
| Manipur tally reaches 60 with 1 new case |
| Andhra reports 70 new cases, count now 2,944 |
| Uttarakhand tally rises to 727 with 11 new cases |
| Kerala case count at 1150, death toll hits 9 |
| Assam tally stands at 1100 |
| World |
| India |
|
| Tally | Toll | Tally | Toll |
| 5,919,364 | 364,459 | 173,763 | 4,971 |
LIFE UNDER LOCKDOWN
| Travel resumption Day 5: 513 domestic flights, 39,969 passengers |
| Zomato starts ‘Talent Directory’ for its laid off staff |
| Axis Securities rolls out 2/3/5-days work-from-home model |
| Maruti extends warranty, service timelines till June end |
| Sunday curfew relaxed in Karnataka |
| Bihar govt resolves to provide employment to everyone within state |
BUSINESS AND ECONOMY
| Tata Steel to honour all job offers to new hires |
| Hyundai Motor exports over 5k units in May |
| India needs intelligent lockdown exit strategy: SBI report |
| Modi 2.0 cost investors Rs 27 lakh cr so far in equity wealth |
| Lemon Tree's Q4 cash profit crashes by 80 percent |
AROUND THE WORLD
| Trump cuts ties with WHO as pandemic grips Latin America |
| Abu Dhabi economy to contract by about 7.5% this year: S&P |
| UK's COVID-19 job saving scheme to taper off from August: Rishi Sunak |
| United Airlines cutting 13 top jobs under fresh restructuring |
| US records 102,798 deaths and 1,745,606 cases |
| Germany's confirmed cases rise by 738 to 181,196 |
| Death toll in Brazil hits 27,878 |
| Singapore's health ministry confirms 506 more cases |
| China reports 6 new cases, tally at 82,999 |
| Mexico reports 84,627 total cases and 9,415 deaths |
| New York City to begin re-opening on June 8 |
Lockdown, Day 66: Economy takes a deep dive
India's
GDP slowed to 3.1 per cent in Q4 of FY20 as against 4.7 per cent in Q3.
This is the lowest growth rate in 8 years so far in the current series.
However, India reported a better than expected growth rate of 4.2% in
FY20.
Add to this, the 2-month long lockdown has led to a 38 per
cent contraction in core sector output for April . The data measures
the productivity of 8 core industries which account for 40 per cent of
India's index of industrial production.
Track this space for latest updates...
COUNT SO FAR
| Rajasthan reports 91 new cases, tally rises to 8,158 |
| Odisha reports 63 new cases; total rises to 1,723 |
| Himachal Pradesh logs 291 cases |
| 30 new cases in Assam, total count 910 |
| Manipur case count stands at 58 |
| Delhi reports 1106 new cases, tally reaches 17,386 |
| Karnataka registers 178 new cases, tally at 2,711 |
| Uttarakhand reports 102 new cases, total at 602 |
| Andhra count rises to 2,874 with 33 new cases |
| Puducherry case count stands at 35 |
| Nagaland reports 7 new cases, total rises to 25 |
| World |
| India |
|
| Tally | Toll | Tally | Toll |
| 5,803,416 | 359,791 | 165,799 | 4,704 |
LIFE UNDER LOCKDOWN
| Travel resumption Day 4: 494 domestic flights, 38,078 passengers |
| Quarantine must for rail passengers with symptoms in MP |
| Two floors of Parliament sealed after official tests positive |
| Decision to open shops in malls soon |
| ITC Hotels partners with Swiggy to offer dining options to customers |
BUSINESS AND ECONOMY
| Sensex takes winning run to 3rd day, rises 224 points |
| Rupee settles 14 paise higher at 75.62 against US dollar |
| Home Credit India lays off 1800 employees |
| Motilal Oswal announces bonuses and promotions amid outbreak |
| Indian IT eyes captives as global cos rejig operations |
| Farm wages doubled in many agricultural districts |
| Economy needs support from PSBs: Union Bank |
GLOBAL ECONOMY
| Renault announces nearly 15,000 job losses worldwide |
| Volkswagen invests 2 bn euros in Chinese EV sector |
| COVID-19 could cause USD 8.5 trillion loss in global output: UN Sec Gen |
| British lender Nationwide reports 44% profit slump |
| Japan backs nearly a third of $6.6 billion loans to Nissan |
| Finland in recession after Q1 GDP shrinks 0.9% Q/Q |
| Italy Q1 GDP sharply revised down to -5.3% q/q |
AROUND THE WORLD
| US death toll at 101,573, cases at 1,720,613 |
| Thailand reports 11 new cases, total stands at 3,076 |
| Germany's confirmed cases rise by 741 to 180,458 |
| Cases in Pakistan cross 64,000-mark, death toll hits 1,317 |
| Singapore cases reach 33,860 |
| Russia has highest daily spike of 232 deaths |
| Indonesia reports 678 new cases, 24 deaths |
