Lockdown, Day 67: Will India take leap of faith?

As the fourth phase of lockdown is ending tomorrow, SBI suggested that India should implement an exit plan strategy. In a research report, it said that an elongated lockdown will only prolong irreversible growth collapse. This, when daily rise in coronavirus cases is record high at 8000.

On jobs front, top 5 insurance companies believe that they can hire upto 5000 people on business boom. Tata Steel also confirmed to honour all the offers it has made and start off digital training for fresh hires.

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COUNT SO FAR

• Bihar reports 150 new cases, state tally at 3,509
• Rajasthan reports 49 new cases, count reaches 8,414
• Odisha reports 96 new cases; tally now 1,819
• Indore's count rises to 3,431; death toll at 129
• 2325 police personnel test positive in Maharashtra
• Himachal Pradesh logs 302 cases
• Manipur tally reaches 60 with 1 new case
• Andhra reports 70 new cases, count now 2,944
• Uttarakhand tally rises to 727 with 11 new cases
• Kerala case count at 1150, death toll hits 9
• Assam tally stands at 1100

World		India
Tally	Toll	Tally	Toll
5,919,364	364,459	173,763	4,971

LIFE UNDER LOCKDOWN

• Travel resumption Day 5: 513 domestic flights, 39,969 passengers
• Zomato starts ‘Talent Directory’ for its laid off staff
• Axis Securities rolls out 2/3/5-days work-from-home model
• Maruti extends warranty, service timelines till June end
• Sunday curfew relaxed in Karnataka
• Bihar govt resolves to provide employment to everyone within state

BUSINESS AND ECONOMY

• Tata Steel to honour all job offers to new hires
• Hyundai Motor exports over 5k units in May
• India needs intelligent lockdown exit strategy: SBI report
• Modi 2.0 cost investors Rs 27 lakh cr so far in equity wealth
• Lemon Tree's Q4 cash profit crashes by 80 percent

AROUND THE WORLD

• Trump cuts ties with WHO as pandemic grips Latin America
• Abu Dhabi economy to contract by about 7.5% this year: S&P
• UK's COVID-19 job saving scheme to taper off from August: Rishi Sunak
• United Airlines cutting 13 top jobs under fresh restructuring
• US records 102,798 deaths and 1,745,606 cases
• Germany's confirmed cases rise by 738 to 181,196
• Death toll in Brazil hits 27,878
• Singapore's health ministry confirms 506 more cases
• China reports 6 new cases, tally at 82,999
• Mexico reports 84,627 total cases and 9,415 deaths
• New York City to begin re-opening on June 8

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