Ambani does to retail what he did to telecom

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THE ECONOMIC TIMESDaily Newsletter Sat, Jun 27, 2020 | 05:45 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day Mukesh Ambani is doing to retail what he did to telecom Staples are available for a cheaper price on JioMart compared to rivals like BigBasket.... India's making plans to keep the dragon at bay Carlyle buys 20% stake in Piramal pharma for $490 mn Fuel prices hiked for 21st consecutive day Government launches 7.15% floating rate bonds Govt adds another steroid to COVID treatment protocol IDBI Bank to divest stake in IDBI Federal Life Insurance The Mahindra deal that did not deliver

Debate This Indian economy would have crumbled anyway, covid or not Optimism, if any, about the state of the economy at this point is difficult to explain. There is little ammo left with the govt after the reforms it tried to execute in the recent past didn't exactly restart the economic engine. The decline in India's fortunes actually started quite a while ago; the virus struck an economy with pre-existing conditions.

SENSEX 35171.27 329.17 NIFTY 50 10383.00 94.10 USD/INR 75.64 -0.03

Top Gainers NSE 3 companies (largecap) appreciated more than 5% Infosys 6.81% BPCL 6.32% More from Gainers Top Losers NSE 8 companies (largecap) price decreased more than -3% Adani Green Energy Ltd. -4.99% Hindustan Aeronautics Ltd. -3.84% More from Losers

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China in mind, India hurries cutting-edge missile system Russia had postponed the delivery of the S-400 system to December 2021 due to the pandemic.... Delhi has 5 weapons against Covid: Kejriwal President promulgates Banking Regulation Ordinance China may get some wiggle room at ports Investors tell cos to diversify China exposure Facebook acts on some posts as advertisers pull back Veteran BJP leader Sinha enters Bihar polls fray China uses trade to coerce compliance: US NSA

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