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 The survey pointed to the quickest contraction in output, new orders and work backlog since early 2009, as government-imposed lockdowns globally halted economic activity.
The survey pointed to the quickest contraction in output, new orders and work backlog since early 2009, as government-imposed lockdowns globally halted economic activity. This comes in the backdrop of two Indian pharmaceutical companies -- Cipla and Hetero Labs -- applying to the drug regulator seeking permission to manufacture and sell remdesivir in India.
This comes in the backdrop of two Indian pharmaceutical companies -- Cipla and Hetero Labs -- applying to the drug regulator seeking permission to manufacture and sell remdesivir in India. The data for the first three months of the year doesn't fully capture the impact of a nationwide lockdown imposed in late March as authorities sought to stem the spread of the coronavirus pandemic.
The data for the first three months of the year doesn't fully capture the impact of a nationwide lockdown imposed in late March as authorities sought to stem the spread of the coronavirus pandemic. The MobiKwik app for Android phones does not have the Aarogya Setu app advert now.
The MobiKwik app for Android phones does not have the Aarogya Setu app advert now. The median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter.
The median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter. Asian shares and US stock futures rose on Thursday as growing optimism about economic recovery from the pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.
Asian shares and US stock futures rose on Thursday as growing optimism about economic recovery from the pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong. Singtel, Southeast Asia's largest telco, reported net profit of S$1.07 billion for the year ended March, compared with S$3.10 billion a year earlier. Underlying net profit, which excludes exceptional items, fell 13% to S$2.46 billion.
Singtel, Southeast Asia's largest telco, reported net profit of S$1.07 billion for the year ended March, compared with S$3.10 billion a year earlier. Underlying net profit, which excludes exceptional items, fell 13% to S$2.46 billion. Some analysts and banks are predicting a balanced oil market as soon as June, but that could be too optimistic, according to Eurasia Group.
Some analysts and banks are predicting a balanced oil market as soon as June, but that could be too optimistic, according to Eurasia Group. The company said it had already implemented measures such as social distancing and changes to canteen facilities.
The company said it had already implemented measures such as social distancing and changes to canteen facilities. ITC was the top gainer in the Sensex pack, rallying over 4 per cent, followed by IndusInd Bank, HDFC Bank, Tata Steel, Titan, UltraTech Cement and L&T.
ITC was the top gainer in the Sensex pack, rallying over 4 per cent, followed by IndusInd Bank, HDFC Bank, Tata Steel, Titan, UltraTech Cement and L&T. Oil prices have dropped more than 40% so far in 2020 but have picked up in the past few weeks partly due to efforts by the OPEC Countries and allies to reduce supply.
Oil prices have dropped more than 40% so far in 2020 but have picked up in the past few weeks partly due to efforts by the OPEC Countries and allies to reduce supply. The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited.
The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited. Andurand, the 43-year-old founder of London-based Andurand Capital who runs two multi-million-dollar funds, bet in February that the deadly Covid-19 outbreak could represent a rare "black swan" event that would send prices into reverse.
Andurand, the 43-year-old founder of London-based Andurand Capital who runs two multi-million-dollar funds, bet in February that the deadly Covid-19 outbreak could represent a rare "black swan" event that would send prices into reverse.