Covid-19’s progress: Six months on, India has much to be relieved about the pandemic’s ravages

To keep you updated, we send ET Sunday Wrap Newsletter to your mailbox. In case, you wish to Unsubscribe Click Here

THE ECONOMIC TIMES Sun, Aug 09, 2020 | 10:43 AM IST ET Sunday Wrap

Covid-19's progress: Six months on, India has much to be relieved about the pandemic's ravages Six months on, India has much to be relieved about the pandemic's ravages. But with no Covid-19 vaccine yet in sight for the near future, India is still in the initial phase of the pandemic. New retail stock surfers' risky bets have paid off. But are they really safe? New retail investors have flocked to equity markets this year and many have earned handsome returns early in their trading careers. Who are they, how do they behave and are they going to be safe? People have cut discretionary spends to invest in stocks: Nilesh Shah Several online brokerages have created easy-touse platforms that attract investors who have some spare time due to work from home. A look inside Mindtree, a year after its hostile takeover by L&T A key aspect of Chatterjee's hiring strategy was to acquire talent that has experience with scale. And scale is something that the $1.08 billion Mindtree needs to achieve badly. The ever-flourishing narco business is least impacted by coronavirus lockdown Police and narcotics control officers see this as a sign of desperation on the part of peddlers who have been sitting on piles of drugs since the lockdown was imposed on March 25. Sale of used cars in top gear in India amid coronavirus pandemic ​​Pandemic is only the latest blow; the headwinds have been gathering for the industry for a while. In 2019-20, passenger vehicles sales dipped by 18%, from 3.2 million in 2018-19 to touch 2.78 million. The future looks grim — in 2020-21, CRISIL forecasts that passenger vehicle sales will dip by 25% to touch 2.1 million. In this plethora of bad news, pre-owned or used car market is emerging as a silver lining. The traction in two-wheeler business is insufficient to pull it out of the woods Rajan Wadhera, president of Society of Indian Automobile Manufacturers (Siam), says: "The two-wheeler industry is seeing green shoots, especially in the rural market." There is a lot of pent up demand, say two-wheeler makers. Consumer sentiment is slowly looking up, say industry analysts. Art of giving: Non-billionaire Indians pledge to give 50% of their wealth in charity The promise is only to give the majority of their wealth to philanthropic causes either during their lifetime or in their will. It is not legally binding but there is moral accountability to one's self and to each other. Social enterprises looking at innovative ways to revive handloom sector post-lockdown The fear of the unknown is the lived reality of the handloom industry in India. Handloom is the second largest employment provider in the country, after agriculture. According to the 2019-20 National Census of Handloom Weavers, there are 31.44 lakh households engaged in weaving and allied activities, out of which 87% are in rural areas. World of odour: How the sense of smell is a constant dimension to our world Historical evidence of the importance of smell can be found in all cultures, but India provides particularly rich examples.

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

Markets Watch Round up of stock, currency, bond, money and real estate market

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox.

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more.

View All

Follow Us on ET:

About us| Advertise with us| Feedback| Sitemap| Code of Ethics © 2020 Times Internet Limited.

To ensure delivery directly to your inbox, please add newsletter@economictimesnews.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here