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Amid the worldwide struggle to adjust to a new normal, Sensex today joined global peers and crashed 2000 points. Meanwhile, there were new fears that a fresh surge in bad debt could hit growth and delay India’s recovery from the pandemic.
As the new phase of the nation-wide lockdown gets underway, businesses scramble to decode the fine print in ever-changing government guidelines. In the last 24 hours, the country added about 2500 cases, taking the tally close to the 43,000-mark.
Here are the other big developments of today…
COUNT SO FAR
- 8 new cases in Ghaziabad; total cases rise to 82
- Rajasthan reports 4 deaths; 123 new cases
- One more case reported in Odisha; count rises to 163
- Dharavi reports 94 new cases and 2 deaths
- Karnataka reports 28 new cases; state tally rises to 642
- Andhra reports 67 new cases; state tally now 1,650
- Cases in Maharashtra’s Thane rise to 1183
- No new cases in Kerala today
- West Bengal has the highest mortality rate in the country
| World | India | ||
| Tally | Toll | Tally | Toll |
| 35,07,265 | 2,47,491 | 42,836 | 1,389 |
LIFE IN A LOCKDOWN
- Two floors in Delhi BSF headquarters sealed
- Ola, Uber resume services in cities in green, orange zones
- UPSC IAS prelims 2020 postponed
- Many liquor shops in Delhi shut after crowd turns unruly
- Abbott’s lab-based antibody tests to be available in India by May-end
ECONOMY AND BUSINESS
- India April manufacturing PMI at all-time low of 27.4
- Sensex bleeds 2,002 pts; Nifty slips below 9,300
- Crude oil prices fall on US-China tensions
- April petrol sales down 61%; diesel down 57%
- Power consumption drops 23% in April
- Amazon, Flipkart to increase warehouses
- 65% companies expect 40% hit to revenue in Q1
- Hero MotoCorp resumes operations at three facilities
- Bajaj Auto reports zero domestic sales in April
- Securities Appellate Tribunal to remain closed till May 15
WORLD UPDATES
- Global cases surpass 3.5 million
- US deaths rise by 1,450 in 24 hours
- S.Korea’s April factory activity suffers as exports shrink at record pace
- Hong Kong’s economy shrinks by 8.9%; worst performance since 1974
- Mexico reports 1,383 new cases, 93 more deaths
- China reports 3 new cases, all imported
- Pakistan’s number of cases surges past 20,000
- Japan extends state of emergency to May 31
DEBATE THIS
- Will partial lifting move India’s economic needle? Tell us here
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