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Lockdowns pull down business activity to 76% of pre-pandemic level; unlikely to impact GDP: Report


Lockdowns pull down business activity to 76% of pre-pandemic level; unlikely to impact GDP: Report
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Lockdowns pull down business activity to 76% of pre-pandemic level; unlikely to impact GDP: Report
PTI / Apr 27, 2021, 19:16 IST
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The ongoing second wave should remain a short-term negative economic shock which is likely to be localised to the June quarter, the report said. (Representative image)
MUMBAI: Business activity has fallen by a fourth of the pre-Covid levels due to lockdowns imposed by states to contain the spread of the second wave of Covid-19, Japanese brokerage Nomura said on Tuesday.
However, it said the falling activity levels will have a muted economic impact and maintained its growth estimates for the year, saying the lockdowns present “downside risks”. ....

Nomura India Business Resumption Index , Business News , Wider Economy , Muted Economic Impact , Gdp Growth , Business Activity , வணிக செய்தி , பரந்த பொருளாதாரம் , ஜீடீபீ வளர்ச்சி , வணிக நடவடிக்கை ,

Lockdowns pull down biz activity to 76% of pre-pandemic level; unlikely to impact GDP: Report


Lockdowns pull down biz activity to 76% of pre-pandemic level; unlikely to impact GDP: Report
However, it said the falling activity levels will have a muted economic impact and maintained its growth estimates for the year, saying the lockdowns present downside risks .
Hotels biz at standstill, new lockdown measures in Maharashtra will impact 70% of the restaurant biz
Anna
Business activity has fallen by a fourth of the pre-COVID levels due to lockdowns imposed by states to contain the spread of the second wave of COVID-19, Japanese brokerage Nomura said on Tuesday.
However, it said the falling activity levels will have a muted economic impact and maintained its growth estimates for the year, saying the lockdowns present downside risks . ....

Nomura India Business Resumption Index ,

nestle india: Brokerages hold mixed views on Nestle


Mumbai: Brokerages have a mixed view on
Nestle India even as the company reported a 14.6 per cent growth in net profit for the March quarter from the year ago level, beating estimates.
The maker of Maggi noodles and KitKat chocolate reported a profit after tax of Rs 602 crore for the quarter. Revenues in the quarter rose 8.9 per cent from year ago level to Rs 3,600 crore. Shares of Nestle India ended flat at 17,086.25 on Tuesday.
Nomura, Edelweiss and HSBC have retained ‘buy’ but Investec, Emkay Global and IDBI Capital have retained ‘hold’.
CLSA has retained ‘outperform’ and Ambit has retained a ‘sell’ rating on the stock. ....

Nestle India , Emkay Global , Net Profit , கூடு இந்தியா , எம்காய் உலகளாவிய , நிகர ப்ராஃபிட் ,

nomura: India's pace of business resumption plummets in second week of April, Nomura sees more pain ahead


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India’s pace of business activity resumption plummeted in the second week of April amid an increasing impact on mobility from continued restrictions on account of the second wave, according to brokerage firm Nomura.
The Nomura India Business Resumption Index (NIBRI) dipped to 83.8 for the week ended April 18, representing a substantial 16 percentage points (pp) decline from a week earlier.
“This suggests that the economy is ~16.2pp below its pre-pandemic normal – and at levels last seen in end-October,” Nomura said in a note on Monday.
The weekly tracker of high frequency indicators of economic activity had recorded a 12pp fall in the previous week to settle at 88.4. ....

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