Some startups have even moved to delay payments to vendors and cut jobs, said entrepreneurs and investors  (Photo: iStock)
Some startups have even moved to delay payments to vendors and cut jobs, said entrepreneurs and investors (Photo: iStock)

Startups face slump in sales for the first time amid lockdown

  • Companies such as Nykaa and FabAlley & Indya had to shut their retail stores and offices amid the 21-day lockdown
  • The near future remains uncertain because of the unpredictability around containing the outbreak

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Protocol requires doctors to submit a form for approval to the health ministry’s IDSP to order a covid-19 test. (Photo: Hindustan Times)
Protocol requires doctors to submit a form for approval to the health ministry’s IDSP to order a covid-19 test. (Photo: Hindustan Times)

Rapid testing for coronavirus meets red tape

  • IDSP officials said the objective of stringent protocol is to avoid indiscriminate testing as kits are in short supply
  • IDSP has now identified six more govt labs that can test for covid-19 and these must register on the ICMR portal

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This is Prime Minister’s third address since 19 March on the novel coronavirus outbreak. (Photo: PTI)
This is Prime Minister’s third address since 19 March on the novel coronavirus outbreak. (Photo: PTI)

PM Modi calls for solidarity in fight against covid-19’s rapid spread

  • PM Modi asks Indians to switch off their lights tomorrow and hold up a candle or diya in symbolic act, even as the lockdown begins to hurt the economy
  • In this darkness spread by the pandemic, we must continuously progress towards light and hope, says Modi

The domestic industry is staring at a shortage of truck drivers and loaders, with many having returned to their hometowns (Photo: Hindustan Times)
If the number of coronavirus cases goes up in Mumbai, the unsold residential units on offer could be used to set up isolation and quarantine centres, say city authorities.  (Abhijit Bhatlekar/Mint)
If the number of coronavirus cases goes up in Mumbai, the unsold residential units on offer could be used to set up isolation and quarantine centres, say city authorities. (Abhijit Bhatlekar/Mint)

Mumbai developers offer unsold homes for quarantine

  • But most of the inventories cannot be legally occupied without necessary services such as power and water
  • The offer by the city’s builders is well-intentioned, but there might be practical hurdles to converting incomplete or unsold residential units into quarantine facilities

ADB’s forecast assumes full economic activity will resume from the Q2 of FY20. (Photo: Bloomberg)
Rajashree Birla, chairperson of Aditya Birla Centre for Community Initiatives and Rural Development.

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People who took part in the religious event in Delhi’s Nizamuddin area being taken to a quarantine facility in Ahmedabad. (PTI)
On Friday, BSE Sensex ended at 27,590.95, down 2.39%, while the 50-share Nifty fell 2.06% to 8,083.80. (Mint)
On Friday, BSE Sensex ended at 27,590.95, down 2.39%, while the 50-share Nifty fell 2.06% to 8,083.80. (Mint)

Rise in cases sparks sell-off but fall in VIX indicates fear ebbing

  • This week, the volatility index has fallen 21.43%, indicating that fear is ebbing. It fell by 7.91% to 55.3 on Friday
  • Investors remained concerned over the rise in infections across the world and the potential economic fallout, say experts

Social workers provide food to people during the lockdown to contain coronavirus pandemic, in Kochi (Photo: ANI)
Social workers provide food to people during the lockdown to contain coronavirus pandemic, in Kochi (Photo: ANI)

Coronavirus: Kerala gets rapid-PCR testing kits from Pune

  • The state is now set to become the biggest testing centre for the virus in India
  • Further, Kerala’s existing testing centre at the Rajiv Gandhi Centre for Biotechnology in Thiruvananthapuram said it can now test as many as 3,000 samples in 24 hours

Flipkart Group CEO Kalyan Krishnamurthy (Photo: Bloomberg)
(Photo: PTI)
Photo: Mint
Photo: Bloomberg
Medics, in protective suits, interact as police cordon off an area in Nizamuddin in New Delhi (PTI)
Medics, in protective suits, interact as police cordon off an area in Nizamuddin in New Delhi (PTI)

Confirmed coronavirus cases in India cross 2,500-mark, death toll at 62

  • According to the updated health ministry data, 478 additional coronavirus cases were reported today. Out of these, 75 fresh cases emerged in Tamil Nadu
  • Globally, the number of confirmed coronavirus cases around the world has soared past one million and fatalities have topped 50,000

The road leading to Mangaluru has been closed, but supply trucks from both sides of the border are allowed to pass through.
The road leading to Mangaluru has been closed, but supply trucks from both sides of the border are allowed to pass through.

Virus sparks a highway war between Kerala, Karnataka

  • As Kerala reports a spike in the number of cases, Karnataka shuts roads to patients from state
  • The closure was fuelled by Kerala’s attempt to admit Covid-19 patients in cities of Karnataka

Illustration: Jayachandran/Mint
Illustration: Jayachandran/Mint

Rumble in urban India’s RWA jungle

  • Post lockdown, some housing societies have clearly overreached. But there has also been great community spirit
  • RWAs have come under the scanner for overreach and even exclusionary behaviour. But some are also coming together to provide food and rations for out-of-work part-timers

(Photo: Aniruddha Chowdhury/Mint)
Kashmiri man takes a pictures of a volunteer wearing disposable protective suit before they screen people for coronavirus in Srinagar Indian controlled Kashmir (AP)
Kashmiri man takes a pictures of a volunteer wearing disposable protective suit before they screen people for coronavirus in Srinagar Indian controlled Kashmir (AP)

Kashmiris stay inside as Valley becomes an emerging hotspot

  • A 35,000-bed facility has been set up to manage the crisis if the virus gets into the community infection stage
  • The coronavirus came into the state from three different sources

Medics stand outside an isolation ward for COVID-19 patients at Guru Nanak Dev Hospital in the wake of coronavirus pandemic (Photo: PTI)
Medics stand outside an isolation ward for COVID-19 patients at Guru Nanak Dev Hospital in the wake of coronavirus pandemic (Photo: PTI)

India records highest single-day spike in Covid-19 cases as tally reaches 2,547

  • As many as 647 positive coronavirus cases have been reported so far from across 14 States whose linkage can be traced to the Tablighi Jamaat cluster at Nizamuddin, the Centre said
  • Death toll climbs to 62, according to health ministry

The 7-year senior loan will go towards IndusInd Bank’s micro-finance activities. Photo: HT
Bearish positions on rupee remained around their highest levels since October 2018 (REUTERS)
Bearish positions on rupee remained around their highest levels since October 2018 (REUTERS)

Banks ensure smooth withdrawals under the Garib Kalyan scheme on Day 1

  • A banker from Central bank of India said that queues were not that long, thanks to the staggered disbursal of loans
  • Bankers said that two things worked in their favour and helped lessen the load at branches at a time when the direct benefit transfers (DBT) have started flowing in

A member of Muslim community offer prayers at a shelter home during the nationwide lockdown imposed to contain the coronavirus pandemic, in New Delhi, (PTI)
(Photo: AP) (AP)
(Photo: ANI)
Stock market holidays delay the credit of redemptions from mutual funds into investors’ bank accounts.
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Medical staff in full protective gear carry a patient on a stretcher down a street in Naples (Photo: Reuters)
Thanks to the BS6 engine which gets fuel-injection, the bike’s efficiency is expected to get better
A government public health employee seen wearing protective gear as a precautionary measure to curb the spread of the coronavirus at Nizamuddin in New Delhi on Friday. (Biplov Bhuyan/HT)
A government public health employee seen wearing protective gear as a precautionary measure to curb the spread of the coronavirus at Nizamuddin in New Delhi on Friday. (Biplov Bhuyan/HT)

Covid-19: Nizamuddin meet linked to 647 cases in two days

  • Total cases in Delhi have gone up to 386, with 93 patients testing positive on Friday
  • Cases reported from 14 states, UTs, including Assam, Andaman & Nicobar, among others

A member of medical personnel works at a temporary hospital inside IFEMA conference centre, amid the coronavirus disease (COVID-19) outbreak, in Madrid, Spain. (REUTERS)
A member of medical personnel works at a temporary hospital inside IFEMA conference centre, amid the coronavirus disease (COVID-19) outbreak, in Madrid, Spain. (REUTERS)

Coronavirus claims more Spanish lives, but death rate slows

  • The region around the capital Madrid has suffered far more infections and deaths than anywhere else in the country
  • It was the first time in over a week that the figure fell from the previous day

People wearing face masks walk along Hanjie shopping street in Wuhan, in China's central Hubei province  (AFP)
People wearing face masks walk along Hanjie shopping street in Wuhan, in China's central Hubei province (AFP)

Wuhan residents asked to stay home amid fears of coronavirus rebound

  • Wuhan will resume operation of nearly 100 passenger trains starting April 8
  • The city's public transportation has partly resumed services, and there are visibly more pedestrians and vehicles on the roads

Photo: iStock
Photo: Mint
Photo: Mint

Sell-off in banks, financials drag Sensex by 674 points; Nifty ends below 8,100

  • The benchmark Sensex closed 674.36 points or 2.4% down at 27,591 points, while Nifty slipped 170 points or 2% to close at 8,083
  • Axis Bank was the top loser in the Sensex pack, cracking up to 9%, followed by IndusInd Bank, ICICI Bank, Titan, SBI and HDFC

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