Nifty Analysis for tomorrow: April 2020

MG Motor retails zero units in April

The company, which reports only retail sales figures, has recorded zero retail sales for the month of April 2020, as its showrooms were closed due to nationwide lockdown, MG Motor India said in a statement.

Lockdown: Maruti Suzuki sells zero units in domestic market in April

The company had zero sales in the domestic market in April 2020, MSI said in a statement.

Exclusive: Gilead says open to collaborate with govts, drug firms to make Remdesivir globally available

There is a possibility of Indian cos becoming part of the consortium, in the past Gilead used voluntary licenses to rope in Indian cos to manufacture and launch HIV and hepatitis-C medications in low-middle-income countries (LMICs).

Exclusive: Gilead says open to collaborate with govts, drug cos to make Remdesivir globally available

Blue Star to raise Rs 300 crore via NCDs

The nationwide lockdown has impacted the company#39;s cash flow position and the firm needs funds for its business continuity and growth over the next 12-18 months, Blue Star said in a regulatory filing.

New FDI norms raise questions over inflows from Taiwan: Report

The confusion is over whether under the rules, investments from Taiwan will be treated at par with those from China.

Coronavirus pandemic | 40% restaurants may not recover from the impact of COVID-19 lockdown: Report

Analysts say dining out and ordering in will take very long to recover after the lockdown ends as consumer spending will be low due to salary cuts and job losses

Lupin gets inspection closure report from USFDA for Pithampur plant

The inspection for the facility was conducted by the US health regulator between February 3 and February 11, 2020, and concluded with two observations, the Mumbai-based company said.

BMW rolls out special service scheme for vehicles owned by doctors

As a gesture of appreciation towards doctors, the company along with its dealer partners will offer complementary engine oil service at its dealership service centres across the country

4 warning signals that emerge from Airbus Boeing Q1 numbers

The worst is not over is perhaps the biggest warning for the global aviation sector, including that in India.

Airports, airlines brace for post-coronavirus world, work on SOPs to ensure safety

In the first phase, to enforce proper social distancing in airports and aircraft, only 30 percent of domestic and international flights will begin operations

Resumption of operations still a challenge for auto sector: Ashok Leyland MD

Hinduja Group flagship firm Ashok Leyland on Thursday said the resumption of operations remains a challenge for the automobile industry despite the government#39;s permission to do so

COVID-19 impact: Basics of our business strategy remain the same, says Ecom Express CFO

Read what Mayank Gupta, CFO of Ecom Express has to say about challenges brought about by the Coronavirus pandemic.

Nokia first-quarter in profit, revenues miss consensus

Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts#39; estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China.

Covid-19 lockdown woes: Labour desperate to go back home

Though essential goods and services are still being delivered, the massive dislocation of workers as a result of the surprise lockdown has left a huge question mark on the possibility of restarting factories.

Banks working to strengthen capital buffer to counter coronavirus-induced shocks: Report

Private banks may sell shares to raise a cumulative Rs 35,000 crore

KEC International resumes operations at all factories

"Pursuant to the necessary approvals/advisories received from the relevant governments authorities, the company has resumed operations/despatches at all its five factories in India in a phased manner," KEC International said in a statement.

DBS Q1 profit slumps to 2-1/2-year low on virus loan loss provisions

Southeast Asia#39;s biggest lender joined HSBC and Standard Chartered in provisioning higher credit losses to guard against the fallout from the crisis.

Coronavirus impact | For the first time ever, India set to report zero automotive sales in April

From producing an average of 2.19 million units a month in FY20 these factories were brought to a complete halt in April

Glenmark Pharma gets DCGI nod for clinical trials of Favipiravir tablets on COVID-19 patients

Having internally developed the active pharmaceutical ingredients (API) and the formulations for the product, the company filed the product for clinical trials with the DCGI and has received approval for conducting the trial on mild to moderate patients, Glenmark Pharmaceuticals said in a statement.

Looking at touchless tech cloud to drive growth after COVID-19, says Hexaware CEO

Hexaware suspended the guidance of 15-17 percent it gave at the beginning of the year as the back of COVID-19

Jio Facebook: Shaping the digital future of worldâ€™s largest democracy

The partnering of these two powerful platforms will not only give rise to richer consumer experiences, but also open up access to the Digital Indian dream for 400 million consumers.

Bitcoin rises 14%, becomes the top performing asset of 2020 again

The digital currency is now up 30 percent from its March lows, outperforming the likes of SP 500 (25 percent), Nifty (27 percent) as well as most other major markets.

Coronavirus lockdown | Exporters ask Centre to allow partial reopening of units, offices in red zones: Report

Exporters also said that some states had not allowed industry to reopen even in â€˜green zonesâ€™ and others were yet to issue standard operating procedures in this regard.

SoftBank-backed Oyo to offload more loss-making hotels amid pandemic: Sources

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.

Coronavirus pandemic | Twitter offers data to researchers studying virus

The project is aimed at gathering information about the spread of the illness, assessing the emergency response and communication trends during the crisis, and tackling misinformation.

Rupee slide puts added pressure on luxury car makers

Import-dependent luxury carmakers bear the brunt of the Rupee slide

Boeing to shrink workforce, raise cash as coronavirus slams jet industry

After the market close, SP lowered its credit rating for Boeing to BBB-, one step above junk, saying that earnings and cash flow over the next few years are likely to be lower

SBI, Bank of Baroda sanction Rs 10,000 crore for COVID-19-hit companies: Report

Banks have built internal capacities for assisting companies, including micro, small medium enterprises (MSMEs).

Boeing eyes major bond issue to raise funds: Sources

The preparations reflect Boeing#39;s confidence that it can tap the capital markets to strengthen its finances, even as the largest US planemaker weighs seeking government aid.

Coronavirus crisis | FMCG majors tie-up with ecommerce players to sell directly to customers: Report

Only essential items can be manufactured and sold during the nationwide lockdown.

Elon Musk poised to draw over $700 million despite COVID-19 turmoil

Musk has an option to purchase 1.7 million common stock of Tesla at $350.02 apiece if the company achieves this key milestone

SpiceJet flight carries eight tonnes of medical supplies to Malaysia

Ajay Singh, Chairman and Managing Director, SpiceJet, said, â€œWith the addition of Kuala Lumpur to our international cargo network, SpiceJet is now operating regularly to over fifteen international destinations carrying essential and medical supplies."

No pay for April May, SpiceJet tells pilots

But the pilots will be paid for flying cargo flights

Coronavirus impact | Govt should lift lockdown entirely or face implications: Axis Bank CEO

Axis Bank CEO Amitabh Chaudhry said that the retail part of the business was practically shut and that no one is borrowing.

Coronavirus India News LIVE Updates: Confirmed COVID-19 cases in Karnataka rise to 532

Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,332.

#39;Rainy day#39; is here, spend an additional Rs 10 lakh crore, says former CEA Subramanian

India should plan for a negative growth to combat the #39;economic deluge#39; caused by the coronavirus outbreak, says Subramanian.

Glenmark Pharma gets tentative USFDA nod for generic anti-diabetes tablets

The approval granted by the United States Food and Drug Administration (USFDA) to Glenmark Pharmaceuticals Inc., USA, is for the strength of 10 mg/5 mg tablets, the generic version of Qtern tablets of the same strength of AstraZeneca AB, the company said in a statement.