Corporate and government offices, which are resuming operations after the two-month lockdown, have been advised by various state-level Pollution Control Boards to take the help of bio-medical waste handlers to dispose-off “disinfectant consumables” and anti-Covid safety gears used by their employees while on duty. This may add to the workload of medi-waste handlers.
Small business owners, people who have not been paid by their employers and the ones who are not able to earn their daily wages in the face of the lockdown are pledging family gold to raise funds. The top-7 gold financing companies are currently holding a record loan book worth Rs 85,000 crore, as per Care Ratings data. Banks are estimated to be holding gold loans worth Rs 2.35 lakh crore.
The medical aid provider, also known as ‘Doctors without borders’ in the English-speaking world, foresees a spike in Covid cases in the hinterlands as several lakhs of migrants return to their villages.
"The cost of manufacturing a doctor-grade PPE kit could be around Rs 430 per unit; but this is retailed at around Rs 800 to Rs 900," says a Delhi-based electrical wires & cables trader who shifted to supplying PPE kits. "Some manufacturers have made lots of money making PPE kits… they've had superb margins – enough to last them for many years," he added.
Things were not the same when IFAB, India’s only flower exchange, resumed trading last week – after being in lockdown for nearly 45 days. The first three days post reopening, the exchange could only auction 18,000 – 20,000 of rose stems (‘stem’ is a unit signifying number of long-cut flowers) in the presence of a very limited pool of buyers.
Affected by lockdown, low-rated issuers may delay repayment to conserve cash, say experts.
The nine-decade old 'Hicks' brand - well-known for thermometers - is a preferred supplier of non-contact thermometers, sanitisers, masks and PPE kits for government and other medical service providers battling the pandemic.
Salt farmers are predicting a shortfall as lockdown has truncated the production cycle.
"Large mango cultivators - with good sales network - will still be able to withstand the lockdown shock; small growers are facing a lot of trouble," says Ved Raut of Raut's Alphanso Mangoes, a Ratnagiri-based cultivator and trader.
Sweeping Star, a bay colt that was acquired by race enthusiasts for a record Rs 41.5 lakh, appears to have changed the fortunes of India's horse breeding industry. The deal has reset race-horse prices at higher levels, and has bumped up sales.
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