Dalal Street wasn't particularly impressed with
Nirmala Sitharaman's economic package in five tranches. The
Sensex plunged 1,069 points, taking with it Rs 3.6 lakh crore in investor wealth. Analysts punched holes in the stimulus, calling it illusory and bad for the bourses.
Add to that,
Goldman Sachs, in a report, warned of an ugly recession with the GDP contracting by 45% in the second quarter. India, let's brace ourselves.
Here are the other update from the day...
COUNT SO FAR
- Toll in Delhi mounts to 160, cases cross 10,000-mark
- 99 new cases in Karnataka, total mounts to 1,246
- With 47 new patients, total 4,511 cases in UP
- Rajasthan case count rises to 5,375
- Andhra Pradesh tally mounts to 2,282
- Bihar case count rises to 1,326
- Indore cases rise to 2,565
| World |
|
India |
|
| Tally |
Toll |
Tally |
Toll |
| 47,10,614 |
3,15,023 |
96,169
|
3,029 |
- CBSE announces dates for pending class 10th, 12th board exams
- Restrictions under Sec 144 extended in Chhattisgarh for 3 months
- 169 Indian passengers to return to Kolkata from Bangladesh
- Maharashtra opposes plea for adopting Kerala model
- West Bengal extends lockdown till May 31
- Delhi University to be closed till May 31
BUSINESS AND ECONOMY
- Swiggy lays off 1,100 employees
- Rupee settles 33 paise lower at 75.91 against dollar
- SIAM says auto sector left out in eco package
- Loan freeze may be extended for 3 more months: Report
- NITI boss suggests dropping budget gap aim this year
- Maruti Suzuki delivers 5,000 cars in past few days
- Spectrum auction may be held before Oct without 5G
- Gold loans catch the fancy of financial market
- Fiscal deficit of Centre and states likely to be at 12% of GDP
GLOBAL ECONOMY
- Japan's economy slips into recession, with 0.9% GDP drop
- Thailand's economy contracts for first time since 2014
- Panasonic reports 29% drop in annual operating profit
- SoftBank posts record $13 bln operating loss
AROUND THE WORLD
- Russia says cases under 9,000 for first time since May 1
- Saint Peter's Basilica in the Vatican reopens
- Mexico reports 49,219 cases and 5,177 deaths
- Germany reports 174,697 confirmed cases
- US records 820 new deaths in 24 hours
- Singapore reports 305 new cases
- China reports 25 new cases
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