Lockdown, Day 72: The sinking bottom line

The world’s largest lockdown has fueled the biggest earnings decline in at least six years for India. Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year.

That's not all. Bajaj boss Rajiv Bajaj today said that the lockdown may have flattened the wrong curve for India.

Here are the latest updates...



COUNT SO FAR

• UP cases cross 9,000 mark
• 68 new cases in Rajasthan; tally reaches 9,720
• Maharashtra sees two deaths; 63 fresh cases in Nashik
• 98 new cases take AP's count to 3,377
• Chhattisgarh cases tally rises to 680
• 47 more test positive in Assam
• 90 test positive in Odisha, total count 2,478
• Two die in Uttarakhand; tally rises to 1,145

World		India
Tally	Toll	Tally	Toll
65,13,301	2,17,967	216,919	6,075

BUSINESS AND ECONOMY

• Sensex snaps 6-day winning run, drops 129 pts
• India's edible oil imports in May lowest since 2011
• Construction sector to see 12-16% decline in investment in FY21, says Crisil
• M&M tractor sales fall 1% in May, exports slump 72%

AROUND THE WORLD

• World food price index hits 17-month low in May
• US services sector contracts for 2nd straight month
• Germany appoves $146-billion stimulus package
• Pakistan surpasses China in cases, infections surge to 85,246
• Nepal economy to suffer $1.4 billion hit due to pandemic
• Germany's cases rise by 394; tally at 1,82,764
• France's death toll crosses 29,000
• France cancels 2020 Bastille Day parade

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