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Business / The Economic Times

Letter from London: An equity sales guys love (for work) in times of Corona

Conversations take the form of fierce deliberations on unearthing opportunities in the crisis.

4 Apr 2020 1:53 pm
Enemy at the gates: Covid has spread to 30% of India's districts

Managing Covid-19 will be more challenging for authorities as SARS-CoV-2, the virus causing it, has spread to 30% of the countrys districts.Union ministry of health data shows that the government has been able to ascertain cases in 211 of 720 districts in the country, with some big states reporting more than 60% of districts as infected while many have over 30%.This number is likely to increase as the ministry has only accounted for district-reporting of 1,965 positive cases, while the total num

4 Apr 2020 1:20 pm
Chase the momentum and buy on rise next week: Kunal Bothra

Traders should buy GAIL and short Maruti next week, says the founder of

4 Apr 2020 1:00 pm
Gold bugs see doom predictions coming true

As the coronavirus brings economies to a standstill, gold is rivaling Treasuries and the dollar as the best-performing major asset this year.

4 Apr 2020 12:53 pm
Tech firm Altimetrik enables 100% work from home

Bengaluru: Technology firm Altimetrik said it has enabled 100 per cent work from home for its 2500 plus global workforce within 18 days to ensure business continuity during Covid-19 lockdown. About 1800 employees, making up 70 per cent of the company's employees, work out of India.The company initiated its business continuity plan (BCP) in March first week in India when the Covid-19 cases were being initially reported. The plan covered 15 cities across eight countries where Altimetrik has a pres

4 Apr 2020 12:22 pm
Wall St Week Ahead: Investors look to coronavirus data to support a stabilizing markets

Volatility has eased from its March peaks. Fewer U.S. stocks are hitting new 52-week lows.

4 Apr 2020 11:34 am
Covid: Bezos donates $100 mn to fight hunger in US

Covid: Bezos donates $100 mn to fight hunger in USThe world's richest man has made the contribution to 'Feeding America'.

4 Apr 2020 11:32 am
The nudge factor: Parts of ecommerce industry will be likely winners of Covid-19 pandemic

Segments across e-commerce are helping ease peoples anxieties by helping bring solutions both virtually as well as to your doorstep. These testing times are bringing to fore the accelerated adoption of online services.

4 Apr 2020 11:28 am
Jobs destroyed worldwide as Covid sparks recession

Jobs destroyed worldwide as Covid sparks recessionRising unemployment will intensify pressure on governments and central banks to speed up reforms.

4 Apr 2020 11:09 am
View: Impact of COVID-19 on exports will be worse than the financial crisis of 2008

One fallout of the COVID-19 pandemic is that countries are increasingly likely to adopt more and more protectionist measures.

4 Apr 2020 11:07 am
Easing VIX, drop in FII selloff signal another short bounceback in April

Pharma stocks look resilient and seem to be affected very little by the lockdown.

4 Apr 2020 10:56 am
MCX ties up with Religare Health Insurance to insure its employees against Covid-19

Employees in the age group 18-65 will be covered under this policy while the sum insured per employee will be Rs. 5 lakh.

4 Apr 2020 10:42 am
BigBasket and Grofers to hire 12,000 staff

BigBasket and Grofers to hire 12,000 staffE-commerce companies have been facing a major manpower shortage, as migrant workers have returned to their native places, amid the virus outbreak.

4 Apr 2020 10:39 am
Zomato, Swiggy orders drop 70% in 10 Days

Swiggy said about 60 to 70% of its cities are still shut for food delivery including few prominent ones like Vizag, Vadodara, Guwahati, Indore.

4 Apr 2020 10:26 am
We will come out with policies to support viable MSME units: Rajkiran Rai G

The MD & CEO, Union Bank of India, says the merger is not going to disturb any of the customers.

4 Apr 2020 10:24 am
Benchmarks witness 7th consecutive week of losses

Analysts say if Nifty falls below 7,500, it could go down further by another 13-15%.

4 Apr 2020 10:23 am
RBI cuts trading hours for forex, bond and money markets

Markets will operate only between 10 am and 2 pm in second and third weeks of April.

4 Apr 2020 10:07 am
Brokerages cut Auro Pharma target price by 17-27%

Brokerages see the termination of the deal as a setback to scale up sales in the US .

4 Apr 2020 9:48 am
Mid- and small-cap stocks tank as promoters unable to offer support

Promoters stay away after Sebi put curbs on trading in shares of their own companies.

4 Apr 2020 9:32 am
Covid-19 impact: Flying ban lands 80% of Indian aircraft at top six airports

New Delhi: Indias top six airports, including the two biggest hubs of New Delhi and Mumbai, are now home to about 80% of the civilian aircraft that have had to remain on the ground since the authorities enforced a blanked flying ban last week to help contain the Covid-19 outbreak in the country.Indian carriers have around 650-odd planes in their fleet and parking for these airplanes is not a problem. All airports together, including the government-owned Airports Authority of India (AAI) airports

4 Apr 2020 8:14 am
After $1 billion health package, World Bank lines up more for India

We are looking at a package for social protection followed eventually by support on the economic side, which will be to small and medium enterprises (SMEs), creating lines of credit to providing credit enhancement, said Junaid Ahmad, World Bank country director for India. The health programme is the first of its kind anywhere in the world.

4 Apr 2020 7:16 am
US stocks end lower after dreary March jobs data, Dow -1.7%

Wall Street stocks finished sharply lower on Friday following a gloomy jobs report that analysts said represented a harbinger of far worse unemployment due to the coronavirus outbreak.

4 Apr 2020 6:32 am
Covid-19 Live: 478 fresh cases in last 24 hours

Covid-19 Live: 478 fresh cases in last 24 hoursAccording to the Health Ministry total number of confirmed cases in India reached 2547, 163 have been cured/discharged and death toll rose to 62.

4 Apr 2020 6:27 am
GST ease amid Covid 19: E-way bill validity extended

The government extended the validity of e-way bills till April 30, that were set to expire between March 20 and April 15, giving a big relief to industry grappling with issues of supplies and goods stuck in transit amid the nationwide lockdown due to Covid 19.Where an e-way bill has been generated and its period of validity expires during the period 20th day of March, 2020 to 15th day of April, 2020, the validity period of such e-way bill shall be deemed to have been extended till the 30th day o

4 Apr 2020 12:16 am
A hefty $100-114 bn: The cost India needs to bear to fight Covid

A hefty $100-114 bn: The cost India needs to bear to fight CovidThe total economic cost of Covid-19 mitigation could well turn out to be 3.5-4% of GDP a hefty $100-114 bn.

3 Apr 2020 11:26 pm
Focus shifts to rapid tests in Covid-19 hotspots

Focus shifts to rapid tests in Covid-19 hotspotsHealth Ministry Joint Secretary Lav Agarwal said the tally has not risen sharply otherwise due to the lockdown and the government's efforts to promote social distancing. According to the ministry, at least 647 cases reported in last two days are linked to the Jamaat congregation.

3 Apr 2020 10:33 pm
Air India stops bookings till end of April

NEW DELHI: In an indication that lockdown may continue till the end of April, national carrier Air India has stopped booking till the end of this month. An airline official said that no bookings are being taken till April 30, 2020.The government has asked us not to take any bookings till the end of this month and we have stopped bookings, said the official, who did not want to be identified. However, private airlines continue to offer bookings for flights starting April 15, 2020. Stopping of boo

3 Apr 2020 10:02 pm
Opec+ debates biggest-ever oil output cut

Oil prices have fallen to around $20 per barrel from $65 at the start of the year.

3 Apr 2020 9:55 pm
Delhi's Covid count touches 386; two more deaths

Delhi's Covid count touches 386; two more deathsAmong the fresh cases too, 77 were from the Nizamuddin Markaz, the department said in a statement. By Thursday night, the number of cases of the deadly virus in the city stood at 293, including four deaths.

3 Apr 2020 9:43 pm
Forex reserve surges by $5.65 billion to $475.56 billion

Reserve had touched a lifetime high of $487.23 billion in the week to March 6, after it rose by $5.69 billion.

3 Apr 2020 9:42 pm
Promoter releases pledge on 2 crore Adani Port shares

The promoter family trust holds 39.34 per cent in APSEZ.

3 Apr 2020 9:35 pm
Can't evacuate Indians stranded abroad: Centre

Can't evacuate Indians stranded abroad: CentreCentral government standing counsel Jasmeet Singh said a large number of Indian students are studying abroad and the missions are in constant touch with their universities or educational institutions for rendering assistance to them.

3 Apr 2020 9:31 pm
CBIC allows traders to import, export goods without furnishing bonds

The decision was taken after field formations flagged the unavailability of notarised stamp papers for furnishing the bonds that was being faced by importers, exporters and their authorised custom brokers, during the lockdown period. The Board will review the order after April 14, when the nationwide lockdown ends.

3 Apr 2020 9:29 pm
India's big bonanza is its investment in health, social protection and stabilising the economy: Junaid Kamal Ahmad

Covid crisis is a supply shock in the system through a health emergency, says World Banks India chief.

3 Apr 2020 9:29 pm
Foreign trade on for agri-products during lockdown

We conducted a video conference with all states and Insurance companies to review the payment of claims, status of conduct of crop cutting experiments for Rabi 2019-20 crops, crop loss survey and implementation of Smart Sampling Technique, the official said.

3 Apr 2020 9:19 pm
Fitch sees global growth contracting by 1.9 per cent in 2020

The spread of the pandemic and the actions necessary to control it mean we now have to incorporate full-scale lockdowns across Europe and the US and many other countries into the baseline forecasts.

3 Apr 2020 8:53 pm
Bulk & Block Deals: Goldman Sachs India Fund sells Shalby shares

Goldman Sachs India Fund sold 1,231,536 shares of Shalby at Rs 43.04 each on BSE.

3 Apr 2020 8:17 pm
Lockdown: Govt launches portal to help students

Lockdown: Govt launches portal to help studentsThis portal is essentially to connect those who are willing to provide help with those who need help. The nature of support includes accommodation, food, on line classes, attendance, examinations, scholarships, health, transport and harassment of any kind, Union HRD Minister Ramesh Pokhriyal 'Nishank' said.

3 Apr 2020 8:04 pm
Flipkart to honour all job offers, not cut salary

NEW DELHI: Flipkart has assured employees that the Walmart-owned company will not slash salaries and will honour the job offers extended even as the coronavirus pandemic has disrupted businesses in the country. Its quarterly townhall, virtually conducted on Thursday given the nationwide lockdown, saw the participation of over 8,000 employees of the e-commerce major. During the townhall, Flipkart Group CEO Kalyan Krishnamurthy assured staff that the company remains committed to its employees, ven

3 Apr 2020 7:35 pm
Rupee slides 53 paise to settle below 76 level

Forex traders said heavy selling in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown.

3 Apr 2020 7:25 pm
Dow Jones opens lower as record jobs growth ends

The Dow Jones Industrial Average fell 127.51 points, or 0.60%, at the open to 21,285.93.

3 Apr 2020 7:21 pm
SBI MF becomes Indias top AMC, topples HDFC MF

HDFC MF and ICICI Prudential MF saw a drop of 3.33 % and 2.98% in their average AUM.

3 Apr 2020 7:11 pm
RBI cites lockdown to halve trading hours

The curbs will be in place between April 7 and April 17, after which the lockdown is expected to ease.

3 Apr 2020 6:35 pm
'Like Torrent, Cadila, Dr Reddys in pharma space'

Prefer pharma names with high earnings visibility, says Deputy Head of Research at Axis Capital.

3 Apr 2020 6:06 pm
F&O: Nifty tech indicators have no signs of early trend reversal

Nifty concluded the week with a 6.66% loss and formed a bearish candle on the weekly scale.

3 Apr 2020 5:30 pm
'647 corona cases found in 2 days linked to Tablighi'

'647 corona cases found in 2 days linked to Tablighi'The congregation took place early last month in the national capital's West Nizamuddin area. So far there have been 2,301 cases of COVID-19 in India and 56 deaths out of which 12 were reported since Thursday, he said, adding there has been a rise of 336 coronavirus cases since Thursday.

3 Apr 2020 5:27 pm
Startup executives launch Covidmaps to help users find essential products nearby lists details around when a store is open, what items are available and how much, safety precautions being observed, crowding, wait-times to help people get their essentials in a safe way.

3 Apr 2020 5:14 pm
Tech View: Nifty forms Bearish Belt Hold again; bulls no match to bears

This was the seventh week when Nifty ended up with a bearish candle on the weekly chart.

3 Apr 2020 5:05 pm
Even in Q4, RBL's overall income generation higher than in Q3: Vishwavir Ahuja

For the time being, in April, May and June, there is no possibility of growth in any business, says the MD & CEO of RBL Bank.

3 Apr 2020 5:00 pm
Coronavirus threatens to push India's growth to a 30-year-low

NEW DELHI: Fitch Ratings on Friday said it has slashed India's growth forecast for the current fiscal to a 30-year low of 2 per cent, from 5.1 per cent projected earlier, as economic recession gripped global economy following the lockdown due to COVID-19 pandemic. The initial disruptions to regional manufacturing supply chains from a lockdown in China as the coronavirus spread have now broadened to include local discretionary spending and exports even as parts of China return to work. Fitch now

3 Apr 2020 4:50 pm