Business

View: Covid-19 mitigation must be planned to minimise collateral damage – The Economic Times

The effects of Covid-19 are highly skewed across age groups: the aged are the most vulnerable; children and youth are the least. The effects of lockdowns are also skewed: the aged and the retired are the least affected; nonelderly adults, youth and children are the most. Lockdown will not affect the incomes of the aged who have already retired; it may affect their wealth. Source link ...

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Business

Nita Ambani | Family matters: Nita Ambani addresses RIL AGM for the 1st time, promises unconditional support in Covid fight; Isha-Akash share Jio 2.0 roadmap – The Economic Times

Reliance Industries’ Annual General Meeting is more than just a business affair. The closely-watched event, attended by the entire Ambani clan – from Kokilaben to twins Akash and Isha - seeps out from the boundaries of being a shareholders’ meet to a family affair, and not just for India’s richest ménage. With this year’s AGM taking place under the unprecedented circumstances of the Covid-19 pandemic, the company that has been on the forefront of India’s digital movement, took the AGM online. But even virtually, the family theme played out strong, with the screen often switching from Kokilaben, who was dressed in a pink saree, and Akash-Shloka to Nita and Isha Ambani Piramal. The family members smiled, and applauded as the others chronicled the impressive growth of the company that ...

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Bollywood

Sonu Sood to share his experience of helping migrants reach home during the COVID lockdown through a book : Bollywood News – Bollywood Hungama

From the past few months, actor Sonu Sood has been at the forefront in helping people during the lockdown. He has been sending migrant labourers home by arranging transportation for them. Now, the actor is all set to come up with a book recounting his experience of helping migrant workers reach their hometowns during the COVID lockdown. Talking about his experience to a news agency, Sood said that the past three and half months have been a life changing experience, living with the migrants for 16 to 18 hours a day and sharing their pain. He said that it is the smile and tears of happiness in the eyes of the migrants when they leave for their hometown that encourages him to continue doing this. Sonu Sood further said that while his heart beats in Mumbai after this movement he feel...

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Business

Notices to two private hospitals in Bengaluru for not treating Covid patients – The Economic Times

BENGALURU: The Karnataka government, on Monday, issued a show-cause notice to two private hospitals in Bengaluru for refusing treatment to Covid-19 patients. In the notice issued to Apollo Speciality Hospitals and Vikram Hospital, the deputy commissioner of Bengaluru urban district, gave 24 hours time to hospital management to respond on why action should not be taken against them under the Epidemic Diseases Act, 1897. There have been several allegations against corporate hospitals in Bengaluru of refusing treatment to Covid patients. Medical education minister K Sudhakar too warned of initiating criminal action against private medical colleges and hospitals for failing to support the government in Covid testing and treatment. “We will file criminal complaints against hospital...

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Sports

Toronto vs. D.C. United off due to COVID positive

Toronto FC's MLS is Back Tournament game against D.C. United, originally scheduled for Sunday, has been postponed after D.C. posted a positive coronavirus test and Toronto had one inconclusive. The event, held in Kissimmee, Florida, marked a return to men's football in the United States, following the suspension of sporting events because of the coronavirus pandemic. Stream LIVE games, replays on ESPN+ - Stream MLS is Back LIVE on ESPN networks and the ESPN app (U.S. only)- Insider Notebook: Twist in Thiago to Liverpool Toronto's match with DC United had originally been scheduled for Friday, before it was pushed back to Sunday. "Major League Soccer announced that today's D.C. United vs. Toronto FC match has been postponed and will be rescheduled," a league statement read. "MLS will a...

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Business

After Big B and Abhishek Bachchan, Aishwarya Rai & daughter test positive for coronavirus

Covid Hits B-Town & TV Industry3 Jun, 2020Often called the ‘great equaliser’, the novel coronavirus has affected the rich and the poor, the famous and the average citizen, equally. The pandemic has wreaked havoc on the country and has infected several renowned Indian personalities from Bollywood, India Inc, TV industry and the sports fraternity too.Here’s a look at the famous Indian personalities who tested positive for the novel coronavirus. Wajid Khan3 Jun, 2020Music composer Wajid Khan and one-half of the duo Sajid-Wajid passed away in the wee hours of June 1 following a cardiac arrest. The singer had reportedly tested positive for Covid-19 and was also suffering from a kidney infection.Wajid’s death sent shockwaves throughout the country and the who’s who from B-Town took to s...

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Business

India to lose Rs 50,000 crore in forex if solar developers given exemption from customs duty on Chinese imports: AISIA

Mumbai, Jul 10 () India will lose nearly Rs 50,000 crore in foreign exchange if solar developers are given exemption from basic customs duty on Chinese imports, the All India Solar Industries Association (AISIA) has said. On July 1, Power and New and Renewable Energy Minister R K Singh had said that Chinese imports for public solar projects will be exempted from duty if power purchase agreements are signed before implementation of duty, which is proposed from August 1 this year. With safeguard duty scheduled to end on July 31, the government has proposed to impose a 20-25 per cent basic customs duty on solar modules and around 15 per cent on cells, that will gradually go up to 40 per cent for both. "We are happy that the government is taking measures to promote domestic manufacturin...

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Business

Three kinds of stocks to avoid in post-Covid market: Axis AMC

Some of the stronger companies may see a faster growth trajectory compared to even pre-Covid levels, says Chandresh Kumar Nigam, MD & CEO, Axis AMC. What is your perspective on the kind of rally that we are seeing? We are now seeing broader participation. Some key trends are emerging from the recovery over the March lows. We are clearly heading into a new phase altogether.We have recovered quite smartly from the March lows. The sentiment which was extremely fearful has given a way to some kind of cautious optimism. People have figured out that it is probably not going to be as bad in the medium term as there is likely to be some effective cure of a vaccine and in that sense, in the medium term, may be 12 months from now, businesses can go back to normal or at least not be affected b...

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Business

India has flattened Covid curve, green shoots have emerged: Finance Ministry

India has flattened the Covid-19 curve to a great extent with early containment measures, a finance ministry report has said, and ‘green shoots’ have emerged after the restrictions were lifted. “These green shoots have a conducive policy environment to grow further and nudge the economy early on the path of economic recovery and growth,” the ministry said in its macroeconomic report for June. It reiterated the International Monetary Fund’s forecast in June of a 4.5% contraction for India in FY21. “One of the lowest death rates amongst affected countries. Recoveries are increasingly outgrowing active cases. A testimony to graded, pre-emptive and pro-active approach of the Centre and States towards prevention, containment and management of COVID-19,” the report said. While India ...

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Business

Home Ministry’s ‘Unified NCR’ helps control Covid; Delhi moves out of watch lists

New Delhi: The home ministry’s ‘unified NCR’ approach for fighting Covid-19 seems to be paying off with Delhi, for perhaps the first time, not figuring in the danger zone of any of the key coronavirus watch lists. In the week June 27-July 3, not one of Delhi’s 11 districts was among the top 15 in the list of districts registering a positivity rate of above 20%. The only district in Delhi’s vicinity on the list is Faridabad with a 23.9% positive rate as on July 3. Delhi’s positive rate is now 13.6%, still a notch above the 9.1% national average. Almost all of Delhi’s districts have been among the top 15 districts of the country with a worryingly high positivity rate for several weeks now, even surpassing hotspot Mumbai last month. Making impact Much of the change is being attributed ...

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