October 22, 2021

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PM Modi announces nationwide 21-day lockdown, appeals for social distancing

Prime Minister (PM) Narendra Modi on Tuesday announced a 21-day nationwide “curfew”, or a lockdown, to contain the spread of Covid-19. He appealed to the people “with folded hands” to practise strict social distancing. Subsequent to the PM’s speech, the Union home ministry, in an unprecedented move, announced shutting down all government and private establishments, apart from those involved in essential services, and all modes of transport, during the duration of the lockdown. Read More…
halts new orders from Tuesday night, to resume in a few days

Flipkart, one of the two largest e-commerce platforms, will stop taking new orders on its site starting Tuesday night, according to internal communication sent minutes earlier. “We want to first disable taking all orders and then start enabling categories in a sequential

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Stock market rout: India Inc’s overall m-cap declines by Rs 14.2 trillion

The coveted club of companies with market capitalisation in excess of Rs 1 trillion has shrunk drastically in the last one month. After Monday’s sharp 13 per cent drop in the benchmark indices, there are only 18 listed firms in that club. On February 20 — just before the coronavirus-induced sell-off began —there were 30 companies with an m-cap of at least Rs 1 trillion. Several blue chips such as Axis Bank, Wipro, ONGC, Bajaj Finserv, and Titan have fallen off the list following unprecedented declines in their stocks. If the market continues to fall, the list could shrink further, with firms such as Larsen and Toubro (L&T) hanging on to Rs 1 trillion in m-cap with the skin of their teeth. Read More…

Covid-19: Supply of essentials

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As Covid-19 cases in India swell and its impact and recovery scenarios change by the day, it is high time for the Indian government and authorities concerned to prepare for multiple scenarios — act now, prepare for near term and build for medium term, a new BCG report has said.

According to the report titled “Covid-19: India Perspective,” three potential scenarios could emerge – Rapid recovery (V) or Slow comeback (U) or Protracted challenge (L) driven by evolving properties of the virus, containment and mitigation, treatment/vaccine development lead-time and policy and fiscal response.

The number of coronavirus-affected people in India reached 360 on Sunday with reports of seven deaths.

ALSO READ: Coronavirus LIVE: Lockdown in Delhi from today; Angela Merkel in quarantine

“Covid-19 scenario is unprecedented — high contagious rate (vs. earlier flus), large scale lockdowns and fear and panic due to digital connectivity,” the report

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Indian telecom service providers have seen a 10 per cent surge in overall traffic as more and more offices switch to ‘work from home’ or people go into self-quarantine in their homes to combat the spread of

The demand for data dongles has also doubled in the last few days and many retailers are asking for a week to replenish their stocks due to the spurt in demand.

Rajan S Mathews, director general of the Cellular Operators Association of India, said feedback from its telecom members indicated a 10 per cent increase in traffic, but rejected fears of choked networks. “The networks have enough capacity to manage this increase and there is no reason for worry,” he said.

Telcos currently use 65-70 per cent of the network capacity. In other words, they have enough additional capacity to handle

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India on Friday reported 50 (Covid-19) cases, highest in a single day, taking the tally to 223, even as Prime Minister discussed with chief ministers ways and preparedness of the states to check the virus spread. Several states went under partial lock down to halt the virus, with offices and shops shut in Mumbai and Pune. Here’s a wrap up of all the developments during the day related to Tune in for LIVE updates

How to check virus spread? PM Modi, Chief Ministers discuss ways

Prime Minister deliberated ways to check the spread of with chief ministers of various states. Union Health Minister Harsh Vardhan and top health ministry officials were also present in the meeting held via video link.

Lenders seek relaxation in NPA norms

The Indian Banks’ Association (IBA) is set to

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Catch all the live market updates here


SI Reporter  | New Delhi 

Last Updated at March 20, 2020 07:53 IST

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