The Economic Times
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| 13 July, 2020, 04:26 AM IST | E-Paper

    A new world order for the coronavirus era is emerging

    As a fast rising power, China is growing more assertive and jostling with many countries.

    Are test matches really a good idea in times of covid-19?

    ‘Test, test, test’ has been the message from healthcare experts as the world battles on Covid-19. But when it comes to cricket, are Test matches really a good idea?

    239 experts with 1 big claim: The coronavirus is airborne

    239 experts in 32 countries have evidence showing that smaller airborne particles can infect people.

    Don't forget us in coronavirus battle, say businesses in India's Dharavi slum

    Dharavi, believed to be Asia's largest slum, has been hailed as a success story in the battle against the coronavirus pandemic, bringing cases from a daily average of 100 in April to about 10 in July, say city officials, thanks to a strict lockdown.

    Malls and offices invest in setting up anti-microbial treatments

    Facility management company SIS said that they have been receiving requests for cleaners from hospitals, restaurants, hotels and corporates with business resuming. The company is offering disinfection assurance through anti-microbial treatment.

    'Fukrey 3' might touch on Covid-19 pandemic, director Mrigdeep Lamba toying with the idea of portraying the outbreak

    ‘Fukery Returns’, the second installment in the film franchise, released on 8 December 2017.

    More investment in clean energy will help APAC recover from COVID-19 crisis: ADB

    A greater investment in clean energy will contribute to Asia-Pacific's recovery from the COVID-19 crisis and make economies more resilient against future shocks, the Asian Development Bank (ADB) said on Tuesday.

    Rishi Sunak unveils 1.57 billion pounds arts, culture COVID-19 rescue package

    Thousands of organisations across a range of sectors including the performing arts and theatres, heritage, historic palaces, museums, galleries, live music and independent cinema will be able to access the funding boost put in place on Sunday night.

    Pandemic opens door to ideas new and old for a better economy

    Governments have cast aside dogmas to protect firms and jobs in the deepest peacetime recession in a century.

    Airborne coronavirus: What you should do now

    The virus can stay aloft for hours in tiny droplets in air, infecting people as they inhale.

    Lockdown, Day 65: India faces a jobs paradox

    A United Nations University study estimates that 104 mn Indians could fall below the World Bank-determined poverty line of $3.2 a day for lower-middle-income countries but the picture of where the Indian economy is headed should be a bit clearer tomorrow when the GDP data comes out.

    2020 is nudging us towards socially-responsible investing, Jimmy Patel of Quantum MF

    The year 2020 is teaching us one significant lesson. That is, be more responsible and caring human beings as we are all stakeholders of planet earth and the universe.

    India needs Rs 50-60 lakh cr foreign investments to bolster coronavirus-hit economy: Nitin Gadkari

    "Country at this juncture needs liquidity. Without liquidity our economy's wheel will not accelerate... Rs 50-60 lakh crore foreign investment is needed in the country under present circumstances to boost the economy," the Road Transport, Highways and MSME Minister said.

    Fed revisits idea of pledging to keep interest rates low

    The policymakers "generally indicated support" for tying rate-setting policy to specific economic outcomes, minutes from the U.S. central bank's June 9-10 policy meeting showed on Wednesday.

    Majority of China's BRI projects abroad adversely affected by COVID-19 pandemic: Official

    The BRI is seen as an attempt by China to further its influence abroad with infrastructure projects funded by Chinese investments all over the world. The initiative also led to allegations of smaller countries reeling under mounting Chinese debt after Sri Lanka gave its Hambantota port in a debt swap to China in 2017 on a 99-year lease.

    Coronavirus pandemic: After UP, Gujarat eases labour laws to attract investments

    Gujarat, Madhya Pradesh, Haryana, Himachal Pradesh, Rajasthan and Punjab have extended working hours from eight to 12 without amending the Factories Act. Uttar Pradesh has exempted factories, businesses, establishments and industries from the purview of all, but three labour laws and one provision of another Act for three years. The Madhya Pradesh government too announced exemption of all establishments from obligations under all labour laws for a period of thousand days.Coronavirus pandemic: After UP, Gujarat eases labour laws to attract investments

    Five important investment lessons from the Coronavirus crisis

    You will rarely find advisors chasing you when the markets are in turbulent times. Here, despite what our panicky brains tell us, we should pay heed to the market aphorism about “buying when there is blood in the streets”.

    Why is the US experiencing a coronavirus resurgence?

    The number of new COVID-19 cases in the United States is hitting levels not seen since the early part of the pandemic in April.

    World’s largest pension fund loses $165 bn in worst quarter

    Japan’s Government Pension Investment Fund lost 17.7 trn yen in three months ended March.

    India reviewing around 50 investment proposals from Chinese firms: Sources

    India's industries department under the commerce ministry, which drafted the new policy, did not respond to a request for comment.

    View: India’s economy is ailing from more than Covid-19

    The economy had already been weakened by years of mismanagement before this crisis struck.

    Cipla launches generic remdesivir for coronavirus patients

    The USFDA had issued an Emergency Use Authorization (EUA) to Gilead Sciences Inc for emergency use of remdesivir for the treatment of coronavirus patients.

    Coronavirus: Donald Trump's disinfectant idea shocking and dangerous, doctors say

    Trump said at his daily media briefing on Thursday that scientists should explore whether inserting light or disinfectant into the bodies of people infected with the new coronavirus might help them clear the disease.

    Coronavirus will finally give artificial intelligence its moment

    Pandemic lockdowns have affected consumer behavior in ways that will spur AI’s growth and development. As consumers buy more online to avoid the new risks of shopping in stores, they are giving sellers more data on preferences and shopping habits.

    Top-ranked tennis player Novak Djokovic and wife Jelena test positive for Covid-19

    Djokovic has been criticized for organizing the tournament and bringing in players from other countries.

    Bengaluru taps HAM community to tackle Covid-19 spread

    Known informally as HAM radio operators, these hobbyists use wireless radio sets and antennas - both static as well as mobile -- to interact with fellow HAM users across the world, a technique developed over a century ago.

    The Executive Centre to invest Rs 100 cr on setting up 5 new co-working facilities in India

    The company is bullish on the demand for flexible office space post COVID-19 pandemic as corporates will look to cut capital expenditure on setting up their own offices, TEC Managing Director-South Asia Nidhi Marwah said in an interview.

    This Rs 36,000 crore fund manager bets on largecaps to tide over Covid-19 crisis

    BSE’s top stocks barometer Sensex has eroded 23 per cent value year to date.

    Covid threatens to widen trust deficit in Indian banks. Here's how to fix it

    The current crisis should be leveraged to undertake reforms for strengthening the banking sector. This can be achieved by bringing in more competition and redesigning the incentive structure to improve risk assessment and credit management capacities in SCBs. Developing bond markets should be prioritised to enable long-term financing.

    Is Kerala’s well-managed Covid-19 fight threatening to unravel?

    Five months after it began relentlessly chasing the virus, Kerala’s healthcare has reached a delicate pass.

    Not looking for conflict but waging battle of ideas with China: Former US diplomat Nicholas Burns to Rahul Gandhi

    Former US diplomat and Harvard professor Nicholas Burns in a conversation with Congress leader Rahul Gandhi said that India and the United States could work together not to fight an "authoritarian" China but to make it observe the rule of law. He said that the US was not looking for any conflict with China but waging a battle of ideas. Watch excerpts of the interaction. Not looking for conflict but waging battle of ideas with China: Former US diplomat Nicholas Burns to Rahul Gandhi

    Tony-nominated Broadway star Nick Cordero passes away at 41 due to coronavirus complications

    The 'Bullets Over Broadway' actor died after more than 90 days in the hospital.

    Top World Bank economist explains the impact of coronavirus on foreign workers

    As lockdowns have shut banks and money-transfer offices, marooned migrants couldn't send money home.

    BioNTech and Pfizer's COVID-19 vaccine shows potential in human trial

    The drug is one of 17 being tested on humans in a frantic global race to find a vaccine the world is counting on to end a pandemic that has infected 10.5 million people and killed more than half a million so far. No COVID-19 vaccine has yet been approved for commercial use.

    What's the cost of Covid lockdown? Today’s GDP data will give an idea

    To be sure, India’s growth was already at a six-year-low during the pre-lockdown period.

    Meet Buckwheat, the donkey who crashes Zoom WFH meetings, for his animal friends

    Money earned by Buckwheat goes to the sanctuary to feed the cows.

    Deposit repayment reserve: Companies get more time for compliance amid COVID-19

    In a circular issued on Friday, the corporate affairs ministry said it was extending the deadline for the two requirements from June 30 to September 30 "keeping in view the requests received from various stakeholders seeking extension of time for compliance of the subject requirements on account of COVID-19".

    Lockdown, Day 71: Mixed messages ahead

    India is facing an unprecedented economic crisis, where some of the safe and traditional jobs are under the threat of being axed even as India breached the 2 lakh mark, with the highest spike of nearly 9000 cases in a day. Tough times ahead.

    Perfect strategy to safeguard your investments during Coronavirus pandemic

    The world outside is nothing like we have experienced before. As we continue with secluded lives from our homes and the coronavirus play havoc with world economies and global markets, many investors are feeling anxious.

    Coronavirus may have changed a lot but not this investment mantra

    Under all circumstances, pandemic or no pandemic, it’s better for investors to focus on what they can control. Ensure that you have an asset allocation plan in which money that you might need for the next 3-4 years is in less volatile types of mutual funds.

    Due to coronavirus pandemic, perception of importance of insurance now higher than ever: Survey

    Covid-19 has accelerated insurance awareness in India. The findings of this Policybazaar survey show that unlike in the past, insurance has now become a product that consumers are likely to buy without the need for a big sales push.

    Serum Institute investing USD 100 million on potential COVID-19 vaccine

    "Our manufacturing facility is ready and we plan to start production in two months. We are spending more than USD 100 million for this facility. Till the trials are completed successfully for safety and efficacy, vaccines will not be distributed either in India or anywhere else in the world," Adar Poonawalla, Chief Executive Officer, SII, said.

    Is it a good idea to invest in ELSS funds now to save taxes?

    If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

    The coronavirus pandemic is accelerating coal’s demise

    In much of the world coal power is currently more expensive than gas and renewables, which explains why its share in the electricity mix has fallen in Europe, India, China, and parts of the U.S. The power markets in these four regions are large and varied. That makes the uniformity of coal’s decline even more surprising.

    YES Bank's FD is providing free health insurance for coronavirus: Should you invest?

    If we compare YES Bank's FD interest rates with those offered by other large private-sector banks such as ICICI Bank and HDFC Bank, YES Bank is offering a higher interest rate of up to 7.25 per cent on one-year FDs.

    How to invest in mutual funds in times of coronavirus scare

    We believe that the markets may continue to be volatile till the infection is under control globally. Valuations in Indian equity markets have become attractive on the back of recent market corrections.

    What India should do after the Coronavirus lockdown ends

    Post lockdown, the govt must focus on healthcare, municipal services including drinking water & sanitation.

    PM Modi meets senior functionaries to review Covid-19 situation

    The present and emerging scenario of the Covid 19 disease in the capital was discussed and the projections for next 2 months was deliberated.

    Coronavirus pandemic is not the time to invest in risky financial products

    There are many investing and trading tricks that give the illusion of working well when the markets are going up or at worst, dropping in a routine manner. When the stresses become very large, then the underlying flaws show up.

    Covid-19 is proving to be the litmus test for ESG investing

    Avendus Capital has ranked the top 100 listed stocks in India on their ESG parameters.

    Tackling the inevitable: The need for new economic ideas in the time of coronavirus

    The economy stands upon a mountain of debt in a time when growth is nowhere in sight to service them.

    Wuhan shows world how economies may recover after the virus

    The trajectory of Wuhan’s economy shows post-virus recovery will be rapid on a two-track path, expert says.

    Decades-old Soviet studies hint at coronavirus strategy

    To the boys, it was just a sugary treat. To their parents, prominent medical researchers, what happened in their Moscow apartment that day in 1959 was a vital experiment with countless lives at stake - and their own children as guinea pigs.

    Investments on hold; important to tide over turmoil of coronavirus pandemic: Lohia Auto

    ​The company, which manufactures both diesel and petrol three-wheelers along with electric two and three-wheelers, is also gearing up to resume operations partially although its supply chain is not functional, as two of its suppliers are based out of Maharashtra, which is badly hit by COVID-19.

    Very sharp U-shaped recovery is a strong possibility: ASK Investment Manager

    Travel, tourism, airlines and hotels stocks are likely to see recovery in the next 6 months to 1 year, says CIO Prateek Agarwal. Very sharp U-shaped recovery is a strong possibility: ASK Investment Manager

    Abu Dhabi state investor Mubadala plans to grow Asia portfolio

    Mubadala, the second-biggest state investor in Abu Dhabi behind Abu Dhabi Investment Authority (ADIA), has 9% of its portfolio invested in Asia. "From a relative perspective we are under-invested in Asia. You'll see us grow our portfolio in Asia," Group CEO Khaldoon Khalifa al-Mubarak said at a Bloomberg event.

    US internet giant Google eyes stake in Vodafone Idea: Report

    Google is reportedly considering to buy a stake of about 5 per cent in Vodafone Idea.

    Top ministers discuss ‘ban’ on Chinese 5G equipment

    The govt has begun consultations at the highest level to decide on a possible ban on Chinese 5G equipment.

    India Ratings sees a historic slump in growth due to coronavirus

    India Ratings projects lowest growth in India's history at -5.3% for the current fiscal.

    Sanitisers on tables, thermoscanners at the door: Restaurateurs mulling unexplored ideas to survive Covid crisis

    A spontaneously driven meal for most is likely to be out of the question for now or till the time a vaccine for the Covid-19 virus is found. One foodie blogger admits he is no longer willing to shell out that kind of money going out since it is risky and the experience is likely to be diluted because of all the sanitary standards.

    Neither revising 2025 target nor holding back investments due to COVID-19: Skoda Auto India

    The company, which on Tuesday introduced three new products -- fresh versions of sedans Rapid and Superb along with SUV Karoq at starting prices of Rs 7.49 lakh, Rs 29.99 lakh and Rs 24.99 lakh, respectively, also said it is not holding back investments in India, although this year it may not be able to meet its target due to the health crisis.

    Apollo Tyres to cut capex by Rs 400 cr this fiscal to preserve cash flow

    The company had earlier earmarked a capex of around Rs 1,400-1,500 crore for the domestic operations for the current financial year. Now due to the uncertain scenario due to rising COVID-19 cases, the company has taken various steps to control cost as much as possible.

    COVID-19: World Bank urges countries to go for comprehensive policies to boost long-term growth

    The scope and speed with which the COVID-19 pandemic and economic shutdowns have devastated the poor around the world are unprecedented in modern times, World Bank Group President David Malpass said.

    Anxious passengers feel self-driving cars not safe amid coronavirus

    While some autonomous cars have started testing, others were shifted toward delivery.

    Who owns the virus? Coronavirus pandemic sparks debate on data sharing

    China, where the novel coronavirus emerged late last year, shared the viral genetic sequence data (GSD) with the World Health Organization (WHO) in early January.

    Coronavirus: Is there an alternative to lockdowns?

    If social distancing remains protracted, large parts of the economy would shut down. There would be a huge cost. To avoid this cost, should India as a nation try another strategy? Take the risk of allowing the epidemic to spread and treating those who fall ill? After all, only about a fifth of those who fall ill require hospitalisation.

    Estimates suggest much deeper global downturn due to coronavirus pandemic than Great Recession: World Bank

    World Bank President David Malpass said while the tragic impacts of the COVID-19 pandemic are being felt globally, this crisis will likely hit the poorest and most vulnerable countries and people the hardest. IDA countries, which are home to two-thirds of the world's extreme poor, will be severely affected, Malpass said.

    Nokia, Voda Idea complete 1st phase of DSR deployment in India

    As part of the contract, Nokia has also deployed more than 5,500 TD-LTE massive Mimo (an advance 4G technology) cells in the 2500 Mhz spectrum band in eight circles (service areas) in Mumbai, Kolkata, Gujarat, Haryana, Uttar Pradesh (East), Uttar Pradesh (West), Rest of Bengal and Andhra Pradesh.

    The second coronavirus wave: How bad will it be as lockdowns ease?

    In India, which partly relaxed its lockdown this week, health authorities scrambled Wednesday to contain an outbreak at a huge market. Hard-hit New York City shut down its subway system overnight for disinfection. Experts in Italy, which just began easing some restrictions, warned lawmakers that a new surge of virus infections and deaths is coming.

    Need to accept coronavirus as part of life: Sharad Pawar

    The former Union minister appealed to the states information department to spread social awareness among the masses about the preventive measures for novel coronavirus.

    Indian telcos' mobile growth weakens on coronavirus; remains robust: Fitch

    FY20 (April 2019 to March 2020) fiscal EBITDA growth for the telecom industry is estimated at 25 per cent.

    PM Modi launches employment scheme for migrant workers affected by coronavirus lockdown

    Launching the 'Garib Kalyan Rozgar Abhiyaan', Modi said there are some people who might not appreciate efforts of villagers in the fight against coronavirus but he applauds them for their efforts. The way villages have fought coronavirus has taught a big lesson to the cities, he added.

    Want to remove human biases in your investment? Try quant funds

    The biggest benefit they provide investors is that they are based on a framework of discipline.

    Wimbledon will pay $12.5 million prize money to 620 players despite cancellation

    The pandemic forced officials to cancel the tournament for the first time since 1945.

    Who will recover faster from the virus? Europe or the US?

    The contrast between Europe and the United States has been particularly stark. Much of Europe resorted to strict lockdowns that mostly beat back the virus but capsized economies. In the United States, President Donald Trump has prioritized getting the economy moving even as infections multiply.

    View: Tax exemption for infra investments by SWFs and PFs — a compelling case

    India sorely needs long-term, patient investment from SWFs and PFs. Many such funds have heeded the govt's call and invested in India, but more is required. Because infra investment returns are slow and low, and also because of the tax impact on returns, such funds have appraised govt of the need for tax exemption on their investment-linked income.

    Russian produced anti-covid drug ready for exports

    The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and ChemRar Group produced the first 100,000 courses of the Russian coronavirus drug Avifavir in June, significantly exceeding initially planned production levels of 60,000 courses.

    Pass the coronavirus test? How banks and NBFCs can survive, and then thrive, in the post Covid-19 world

    COVID-19 is upending the banking sector while simultaneously forcing it to transform radically.

    82% Indians bear financial brunt of coronavirus pandemic: Survey

    The pandemic has changed the way we all function, affecting our physical, mental, emotional and financial well-being. Salaried individuals and professionals, in particular, are coping with the potential burden of job losses and pay-cuts.

    HNIs, companies postpone advance tax payments amid pandemic

    Even after booking losses in their mutual funds and equity investments due to steep fall in stock prices in the last three months, many high net-worth individuals (HNIs) and companies are supposed to pay millions in advance tax based on their last year’s earnings, experts said.

    Is it advisable for a newcomer to invest in mutual funds now?

    If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

    Alternative investment funds seek clarifications on Chinese block

    Chinese investors — strategic and financial — pumped in an estimated $4 billion into the Indian startup ecosystem in 2019, making them the largest backers of the country’s digital economy. Their investments in funds are estimated to be much more.

    S&P retains India's rating at lowest investment grade for 13th year in a row

    S&P said the stable outlook reflects its expectation that India's economy will recover after Covid.

    Coronavirus: US president Donald Trump to look into legislation proposing to sanctions on China

    The legislation was introduced by Senator Lindsey Graham and eight other senators on Tuesday. The COVID-19 Accountability Act mandates the president to make a certification to Congress within 60 days that China has provided a full and complete accounting to any COVID-19 investigation led by the US, its allies or UN affiliates such as the World Health Organization and has closed all operating wet markets.

    Japanese startup creates "connected" face mask for coronavirus new normal

    Donut Robotics' engineers came up with the idea for the mask as they searched for a product to help the company survive the pandemic.

    View: Investing in healthcare infrastructure can drive growth, prepare for next pandemic

    For investment to drive economic recovery, the government should focus on healthcare.

    Alibaba to invest $28 bln in cloud services after coronavirus boosted demand

    The company said in a statement it will spend the funds on semiconductor and operating system development as well as building out its data centre infrastructure.

    Have extra time in the covid lockdown? Here are 5 ways to spring clean money matters

    In this revamped way of life, owing to the coronavirus outbreak and the subsequent nationwide lockdown, most of us have more time on our hands and more things we can devote our attention to, which perhaps we weren't able to do earlier. In this backdrop, here are 5 money-related activities that Shambhavi Mehrotra of ET Online lists out for you to productively use the extra time.Have extra time in the covid lockdown? Here are 5 ways to spring clean money matters

    Do you know your gold? Here are golden tips before you invest in the yellow metal

    In a state where the bear market has hit every investment portfolio, can gold, which is considered a safe asset class, come to your rescue and help you ride out volatility? Should you thus buy or invest in gold this Akshaya Tritiya? In this video, Shambhavi Mehrotra of ET Online takes you through the various forms of gold and how you should make your investment decision keeping in mind the coronavirus lockdown and economic uncertainty.Do you know your gold? Here are golden tips before you invest in the yellow metal

    Saudi shoppers rush to buy gold before taxes triple

    Saudi shoppers have rushed to buy big-ticket items such as gold, appliances and electronics ahead of the announced tripling of taxes on basic goods on Wednesday as the government tries to shore up revenue for its economy battered by the coronavirus and low oil prices.

    New Zealand lifts all domestic curbs, PM Jacinda Ardern declares coronavirus victory

    New Zealand lifted all social and economic restrictions except border controls after declaring on Monday it was free of the coronavirus, one of the first countries in the world to return to pre-pandemic normality.

    Coronavirus patients may lose sense of smell by third day of infection

    While the loss of smell is an indicator of COVID-19, it's not the only factor.

    Ready & willing: Coronavirus makes even young draw up their wills

    Lawyers are reporting a sudden surge in the demand for drawing up a will. Young professionals, entrepreneurs and even those in family businesses are leaving nothing to chance, painfully aware about the randomness in the way corona targets an individual and their vulnerability in the absence of a vaccine.

    Fall in Vodafone Idea subscriber numbers worries promoters

    The falling numbers have prompted discussions among promoters on the future of the telco, even if it were allowed by the Supreme Court to pay its adjusted gross revenue (AGR) dues over 20 years, said one of the officials.

    Finance, tech firms on hiring spree amid coronavirus turmoil: LinkedIn

    Across seven countries in North America, Europe and Asia, healthcare providers are among the busiest recruiters given the ongoing battle against the novel coronavirus, which has killed over 200,000 people and infected over 3 million people worldwide, LinkedIn said.

    View: While rebooting the economy let the focus be on sustainability

    Pollution and greenhouse gas emissions fell across continents earlier this year, as countries tried to contain the spread of Covid-19 with strict lockdowns.

    When will travellers return? Decimated by Covid-19, travel and hospitality recovery will be a long stretch

    The travel industry is bracing itself for the new changes that will have to be factored in post lockdown.

    Russia inches closer to create drug to treat Covid-19

    Six leading medical centers in Moscow, Smolensk and Nizhny Novgorod are currently participating in clinical trials, including I.M. Sechenov First Moscow State Medical University, Lomonosov Moscow State University and the Central Clinical Hospital.

    Tata Group not looking to monetise investments, has enough cash, says Chairman N Chandrasekaran

    "All our group companies are progressing well responding to these challenges and opportunities and we are confident that they will emerge stronger," Tata Group Chairman N Chandrasekaran said.

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