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- View: Let us keep “nation first and citizen first” as our doctrine and philosophy
- View: How Manipur is taming the Covid dragon
- Stimulus must be in line with tax-GDP ratio, says CEA Krishnamurthy Subramanian
- Rice exports to Bangladesh via West Bengal likely to commence soon
- Centre mulls reviving animal markets
- Lockdown compliance in Chennai least in Tamil Nadu: IIT study
- Half of India has almost flattened Covid curve
- India coronavirus count, May 8: Over 56,000 cases now, 1,886 dead
- COVID-19 impact: HNIs restructuring family trusts, bringing money back to India
Business News›News›Politics and Nation›Coronavirus India Updates Live: IndiGo reinstates pay cut for senior employees from May
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Economic Times | 08 May, 2020 | 11.00AM IST
Coronavirus India Updates Live: IndiGo reinstates pay cut for senior employees from May
We paid full salaries in March and April but have to implement pay cuts for senior employees from May, said IndiGo CEO
!1 New UpdateClick here for latest updates
Mahindra launches online sales platform amid coronavirus pandemic
- Mahindra & Mahindra (M&M) on Friday said it has launched an integrated online platform that will provide end-to-end sales experience for prospective buyers amid the coronavirus pandemic.
- Under the new initiative -- Own-Online, a customer can finance, insure, exchange, accessorise and own a company vehicle, in four simple steps, from the comfort of their homes, the auto major said.
India's rating outlook reflects rising risk of slower GDP growth, low policy effectiveness: Moody's
- Moody's Investors Service on Friday said the negative outlook on India's rating reflects increasing risks that GDP growth will remain significantly lower than in the past and partly hints at weaker policy effectiveness to address economic and institutional issues.
- Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth. The agency had, however, affirmed country's 'Baa2' rating.
- In its update to the November forecast released on Friday, the agency said India's credit profile is supported by its large and diverse economy, and stable domestic financing base.
Siemens sees strongest coronavirus impact in next quarter as Q2 profit plunges
Siemens expects "even stronger impacts" from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter.
Rupee rises 36 paise to 75.36 against US dollar in early trade
Thailand reports eight new coronavirus cases, no new deaths
Thailand on Friday reported eight new coronavirus cases but no deaths, bringing the total to 3,000 cases and 55 deaths since the outbreak started in January.
Maharashtra seals borders with other states to curb liquor smuggling
- In an attempt to prevent smuggling of liquor from neighbouring states during the lockdown, Maharashtra has sealed its borders with them and deployed adequate manpower at a dozen checkposts, an official said on Friday.
- The move by the excise department has come in the wake of lifting of certain coronavirus-induced curbs, which included allowing reopening of liquor shops.
Mexico auto plants to reopen as country weighs virus risks
- On a day Mexico saw its worst daily increase yet in coronavirus cases, foreign-owned auto plants began setting dates for reopening.
- Volkswagen de Mexico said late Thursday it is planning to reopen its assembly plant in Puebla state and its engine factory in Guanajuato state on June 1.
- General Motors said it hadn't fixed “an exact date” for reopening its plant, also in the Guanajuato city of Silao, but some workers there reported getting notices to report for work on May 18.
26 test positive for COVID-19 in Odisha
As many as 26 people, who had recently returned from Surat, tested positive for COVID-19 in Odisha on Friday, taking the total number of cases in the state to 245, a health department official said.
We paid full salaries in March and April but have to implement pay cuts for senior employees from May: IndiGo CEO
South African first-class cricketer Nqweni tests positive for coronavirus
Solo Nqweni, a South African first-class cricketer who has been battling multiple health issues, has tested positive for coronavirus.
Noida: Samsung mobile factory has resumed its work today with around 3000 workers who were brought to factory by buses. Government has allowed factories to operate with reduced workforce
UN chief says coronavirus has sparked 'tsunami of hate and xenophobia'
- UN Secretary-General Antonio Guterres called Friday for an "all-out effort" to end the "tsunami of hate and xenophobia" sparked by the novel coronavirus pandemic, without naming specific countries.
- "The pandemic continues to unleash a tsunami of hate and xenophobia, scapegoating and scaremongering," Guterres said in a statement.
- "Anti-foreigner sentiment has surged online and in the streets. Anti-Semitic conspiracy theories have spread and COVID-19-related anti-Muslim attacks have occurred."
85 per cent daily wagers in Ahmedabad hit by lockdown: Survey
- At least 85 per cent of daily wagers in Gujarat's Ahmedabad city have lost their regular income during the COVID-19 lockdown, a survey conducted by the Indian Institute of Management here revealed.
- The nationwide lockdown, which has been in place since March to contain the spread of coronavirus, has rendered several unskilled labourers and daily wagers jobless.
- The IIM-A conducted the survey among 500 households in the city that earned less than 19,500 per month, the release here stated.
Five flights carrying Indian nationals will be arriving today
#VandeBharatMission: Five flights carrying Indian nationals will be arriving today-Singapore to Delhi (Dept: 0835 h… https://t.co/sD0AC6j0cV
— ANI (@ANI) 158891032800026 new cases reported today in Rajasthan; taking the total number to 3453
26 new positive cases have been reported today; taking the total number of positive cases to 3453. One death has be… https://t.co/Wqjkyli7aL
— ANI (@ANI) 1588910128000India train crushes over migrant workers killing 14
- An Indian train ran over migrant workers sleeping on the track on Friday, killing at least 14 of the group, who were apparently on their way to their home villages, the railway ministry and media said.
- Tens of thousands of people have been walking home from India's big cities after losing their jobs because of a lockdown to contain the spread of the novel coronavirus since late March.
3,390 new COVID-19 positive cases and 103 deaths reported in last 24 hours in India
ANI reports.
Sensex up by 639.94 points, currently at 32,083.32
China-backed AIIB approves $500 million loan for India's COVID-19 response
- Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it had approved a $500 million loan to India to help the country navigate the coronavirus pandemic.
- The loan is intended to help India's government strengthen its public health system, prepare for future outbreaks, and limit the transmission of cases, a statement from AIIB said. The project, which will be cofinanced by the World Bank, will also support medical equipment purchases and research.
15 more COVID-19 cases in Telangana, state tally reaches 1,122
15 more COVID-19 cases have been reported from Telangana, taking the total number of coronavirus cases in the state to 1,122 on Friday, the state Health Department said.
Total cases in India rise to 56,342
- Active cases: 37,916
- Cured/Discharged : 16,539
- Deaths : 1,886
- Migrated :1
Abe, Trump agree to cooperate on steps to fight coronavirus
- Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump on Friday agreed to cooperate closely on measures to prevent the spread of coronavirus, including the development of drugs and vaccines, Japan's top government spokesman said.
- Abe and Trump held talks by phone for about 45 minutes from around 10:00 a.m. (0100 GMT), Chief Cabinet Secretary Yoshihide Suga said.
Fresh COVID-19 case in HP, tally rises to 48
One more person tested positive for coronavirus in Himachal Pradesh's Hamirpur district on Friday, taking the total number of cases in the state to 48, an official said.
First visuals of Indian nationals arriving at the Ferry Terminal in Malé
First visuals of Indian nationals arriving at the Ferry Terminal in Malé to go through necessary checks and procedu… https://t.co/C2i0lE2IXY
— ANI (@ANI) 1588907471000Trump valet has coronavirus; president again tests negative
- A member of the military serving as one of President Donald Trump's valets has tested positive for the coronavirus, the White House said Thursday. It said Trump and Vice President Mike Pence have since tested negative for the virus and ``remain in good health.''
- It marked the latest coronavirus scare for the president, and the first known instance where a person who has come in close proximity to the president has tested positive since several people present at his private Florida club were diagnosed with COVID-19 in early March. The person tested positive on Wednesday, the White House said.
The first flight from Dhaka (Bangladesh) to Srinagar with 167 passengers will leave at 11 am with all medical students from Jammu and Kashmir
China, US commit to implement trade deal despite virus row: Official
- Chinese and US trade representatives agreed Friday to "create favourable conditions" for the phase one trade deal signed in January, Beijing officials said, despite recent tensions over the coronavirus pandemic.
- China's Vice Premier Liu He, who had led Beijing's negotiations, held a call on Friday morning with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, according to a notice from the Ministry of Commerce.
Trump says will be tested for coronavirus daily
UN appeals for USD 6.7 billion to fight virus in poor countries
- The United Nations called on governments, companies and billionaires on Thursday to contribute to a USD 6.7 billion fund for immediate needs in fighting the coronavirus pandemic in vulnerable countries, warning that a failure to help could lead to a "hunger pandemic", famine, riots and more conflict.
- UN humanitarian chief Mark Lowcock said "COVID-19 has now affected every country and almost every person on the planet". He said the UN's initial USD 2 billion appeal unveiled on March 25 was being increased because there is already evidence of incomes plummeting and jobs disappearing, food supplies falling and prices soaring, and children missing vaccinations and meals.
Germany reports 167,300 confirmed coronavirus cases (+ 1,209), 7,266 coronavirus deaths (+147) : Robert Koch Institute
Police personnel check vehicles at Delhi-Gurugram border
Police personnel check vehicles at Delhi-Gurugram border, amid #CoronaLockdown. Individual inter-state and inter-di… https://t.co/oNsdQOpv9i
— ANI (@ANI) 1588902108000China reports one new coronavirus case, 16 asymptomatic cases
China’s total number of coronavirus cases now stands at 82,886, while the death toll remained unchanged at 4,633, the national health authority said.
On COVID-19, China either made a terrible mistake or probably it was incompetence: Trump
- The spread of the deadly coronavirus across the globe from China was either a terrible mistake on the part of the Chinese or probably it was incompetence, US President Donald Trump said on Thursday.
- "It (coronavirus) could have been stopped at the point. It could have been stopped right at the source. It would have been easy to do, but something happened. Something happened," he told reporters in the Oval Office of the White House.
- "Either they made a terrible mistake -- probably it was incompetence. Somebody was stupid and they did not do the job that they should have done. It is too bad," the president said in response to a question.
US records 2,448 coronavirus deaths in the past 24 hours, bringing the total toll to 75,543 according to Johns Hopkins University: AFP news agency
The stranded persons in Haryana, Uttarakhand, Chandigarh, Haryana & Delhi have been permitted to return, in a regulated manner, from 7th May 2020, for a week: Home Department, Govt of J&K
The stranded persons in Haryana, Uttarakhand, Chandigarh, Haryana & Delhi have been permitted to return, in a regul… https://t.co/XCEIOdPGdF
— ANI (@ANI) 1588892432000Kerala govt has set up a quarantine centre for people being brought from different countries
Kerala govt has set up a quarantine centre in Guruvayur of Thrissur dist for people being brought from different co… https://t.co/FUbcpMon95
— ANI (@ANI) 1588891039000Schools in Gautam Buddh Nagar dist can collect fee for academic year 2020-21 but no school shall increase the fee for academic year 2020-21
Schools in Gautam Buddh Nagar dist can collect fee for academic year 2020-21 but no school shall increase the fee f… https://t.co/nI3wDkUDUh
— ANI UP (@ANINewsUP) 1588881715000BMC has arranged 3343 rooms in 88 hotels to quarantine people returning from various countries, in the coming few days
BMC has arranged 3343 rooms in 88 hotels to quarantine people returning from various countries, in the coming few d… https://t.co/7YhCwvc3d4
— ANI (@ANI) 1588879833000A journalist, who had tested positive for COVID-19 and was admitted at the isolation ward of SN Medical College, has died. He was on ventilator since Wednesday: Agra District Magistrate Prabhu N Singh
Mexico coronavirus infections rise to 29,616 cases and 2,961 deaths
Mexico's health ministry on Thursday reported 1,982 new confirmed cases of coronavirus infections and 257 additional fatalities, bringing the total in the country to 29,616 cases and 2,961 deaths.
Aerospace firm Safran cuts 3,000 workers in Mexico as coronavirus hits demand
France's Safran, the world's third-largest aerospace supplier, said on Thursday it had laid off 3,000 employees in Mexico as the aerospace industry faces an unprecedented crisis stemming from the coronavirus pandemic.
Uber loses $2.9 billion, offloads bike and scooter business
- Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain.
- The ride-hailing giant said Thursday it is offloading Jump, its bike and scooter business, to Lime, a company in which it is investing $85 million. Jump had been losing about $60 million a quarter.
Senators urge Trump to temporarily suspend H-1B, other guest workers visas
Top Republican senators urged US President Donald Trump on Thursday to suspend all new guest worker visas for 60 days and certain categories of new guest worker visas, including H-1B, for at least a year or until unemployment figures return to normal levels.
IIT Delhi start-up develops masks that can be re-used upto 50 times
- Since the outbreak of coronavirus in the country, several companies have stepped up in producing face masks to prevent the spread of the virus. Among such companies, is Nanosafe Solutions who have developed 'NSafe masks' that can be re-used for upto 50 times.
- Nanosafe Solutions is a startup of FITT (Foundation for Innovation and Technology Transfer) at IIT Delhi.
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