Bloomberg

People Locked in Cages, Beaten, Shamed As Nations Enforce COVID-19 Rules

India News | Bloomberg, Philip J. Heijmans, Bibhudatta Pradhan and Pauline Bax | Thursday April 2, 2020

When it comes to social distancing, some authorities are resorting to unprecedented tactics to try and slow the spread of Covid-19.

Government Begins Fiscal Year Under Severe Strain Amid Biggest Lockdown

Business | Vrishti Beniwal, Bloomberg | Wednesday April 1, 2020

A prolonged slowdown in the economy depressed tax collections in the financial year that ended Tuesday, latest official data show.

Coronavirus Lockdown May Hurt Government's Plan to Sell Record Bonds

Business | Kartik Goyal and Suvashree Ghosh, Bloomberg | Wednesday April 1, 2020

The government on Tuesday said it will sell Rs 4.88 lakh crore ($64.5 billion) of bonds in the six months to September. While the number is less than what the market expected, the auctions may get fewer bids as the crackdown to stop the spread of the coronavirus forces traders and bankers to stay indoors.

Oil's Unparalleled Demand Crash Likely To Be Gamechanger For Industry

Business | Ben Sharples, Bloomberg | Wednesday April 1, 2020

Goldman sees around 20 million barrels a day flowing into storage in April, while IHS Markit expects the world will run out of space to store oil by the middle of the year.

Government, RBI Try To Cushion An Economy In Slump Even Before COVID-19

Business | Suvashree Ghosh, Subhadip Sircar and Nupur Acharya, Bloomberg | Tuesday March 31, 2020

A series of steps announced this year aim to encourage banks to lend. Measures announced by the Reserve Bank of India since early February inject cash equivalent to 3.2% of the country's gross domestic output.

India's Highways Filled With Poor Families Walking Home

India News | Muneeza Naqvi and P R Sanjai, Bloomberg | Monday March 30, 2020

In small groups and large crowds, through inner-city lanes and down interstate highways, hundreds of thousands of India's poorest are slowly making a desperate journey on foot back to their villages in a mass exodus unseen since the days immediately after India's independence in 1947.

Grocery Tycoon Kishore Biyani's Battle To Keep His Company Afloat

Business | PR Sanjai and Bijou George, Bloomberg | Friday March 27, 2020

Future Consumer Ltd., one of Biyani's biggest listed companies, has tumbled 65 per cent this year and touched a more than five-year low on Friday.

Virus Hunter Who Hardly Sleeps Shows The World How To Fight An Epidemic

World News | Sohee Kim and Heesu Lee, Bloomberg | Friday March 27, 2020

As South Korea's coronavirus outbreak risked veering out of control, with infections rising thirty-fold in just ten days last month, the country's health authorities got an unexpected break. The secretive religious sect whose meetings were early vectors for spreading the virus had agreed to disclose the names of all 212,000 members -- critical info...

SpiceJet Expects A Surge In Demand As The Virus Is Contained

Business | Anurag Kotoky, Bloomberg | Friday March 27, 2020

Which airlines are most at risk? Like the virus, the crisis is indiscriminate, affecting everyone from budget operators to national flag carriers.

New Coronavirus Virus Test Shortens Wait From Two Days To 2.5 Hours

World News | Christoph Rauwald and Tim Loh, Bloomberg | Friday March 27, 2020

Robert Bosch GmbH became the latest company to roll out a Covid-19 test, saying it can diagnose in less than 2.5 hours and help efforts to fight the outbreak.

Doctors Are Forced To Choose Who To Let Die

World News | Ben Sills and Laura Millan Lombrana, Bloomberg | Friday March 27, 2020

In the emergency room at one of Madrid's biggest hospitals, Daniel Bernabeu signed the death certificate for one patient and immediately turned to help another who was choking.

Virus Hands World Leaders Sweeping Powers They May Never Give Up

World News | Iain Marlow, Bloomberg | Thursday March 26, 2020

Last week, the mayor of Ecuador's largest city ordered the international airport's runway blocked to prevent a KLM airliner from landing to pick up Dutch tourists stranded by the coronavirus.

India May See Quarterly GDP Contraction, First In 2 Decades: Economists

Business | Anirban Nag and Vrishti Beniwal, Bloomberg | Thursday March 26, 2020

With two of the three-week shutdown falling in April, gross domestic product growth in the quarter to June could contract about 5 per cent

States Take The Lead In Stimulating Coronavirus-Hit Economy

India News | Vrishti Beniwal, Bloomberg | Tuesday March 24, 2020

As the government weighs stimulus measures to offset the impact of the new coronavirus, states with populations as big as Brazil are taking the lead in providing support to vulnerable sections of the country.

India Has Enough Food To Feed Poor If There's A Prolonged Shutdown

India News | Siddhartha Singh and Pratik Parija, Bloomberg | Tuesday March 24, 2020

India will have enough grain stockpiles to feed its poor for at least a year-and-a-half as reserves are likely to further balloon after record harvests in the South Asian nation that has been locked down to check the spread of the coronavirus.