Air India Suspends Contracts Of Around 200 Pilots Amid COVID-19: Report
The national carrier has already cut the allowances of all employees, except cabin crew, by 10 per cent for the next three months. – NDTV Profit – Latest
Month: April 2020
China stocks rise on energy, tech sectors
At the close, the Shanghai Composite index was up 1.69% at 2,780.64. – Stocks-Markets-Economic Times
Property Prices Face Steep Falls As Virus Freezes Market
The country’s nine major residential markets have unsold units worth some Rs 6 lakh crore, according to a report in January by PropTiger. – NDTV Profit – Latest
Australian shares fall as recession fears knock risk appetite, NZ down
Risk sentiment took a massive blow after President Trump warned of a “painful” two weeks ahead in fighting the coronavirus. – Stocks-Markets-Economic Times
India’s manufacturing activity weakens in March: PMI
.Moreover, the confidence towards the business outlook plummeted to a record low, with positivity tapered by COVID-19 concerns. – The Hindu – Economy
RBI relaxes export rules, allows States and UTs to borrow more
Sets up panel to review ways and means advances limit for States – The Hindu – Economy
India’s manufacturing activity weakens in March: PMI
.Moreover, the confidence towards the business outlook plummeted to a record low, with positivity tapered by COVID-19 concerns. – The Hindu – Economy
RBI relaxes export rules, allows States and UTs to borrow more
Sets up panel to review ways and means advances limit for States – The Hindu – Economy
World Economy Could Shrink By Almost 1% In 2020 Due To Covid-19: United Nations
The world economy may contract even further if restrictions on the economic activities are extended without adequate fiscal responses, UN warned. – NDTV Profit – Latest
Petrol Sales Drop 17% In March, Diesel Down 26% Amid Lockdown: Report
State companies – Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum – own about 90 per cent of the country’s retail fuel outlets. – NDTV Profit – Latest