Covid-19 lockdown impact: Power demand drops as offices stay plugged out

The price discovered on the IEX Day Ahead Market for delivery on Wednesday was at ₹1.95 per unit. The spot power price hit a low of ₹1.90 per unit in June 2017 due to excessive rainfall. Sources said the closure of offices and factories, reduced buying by state distribution utilities and the Indian Railways stopping passenger services resulted in the slump.

You are receiving this email because you signed up at Economictimes.com. In case, you wish to Unsubscribe Click here

THE ECONOMIC TIMES NEWS DIGEST Thu, Mar 26, 2020 | 04:00 PM IST

Dear Reader, here are top stories of the day.

epaper Covid-19 lockdown impact: Power demand drops as offices stay plugged out The price discovered on the IEX Day Ahead Market for delivery on Wednesday was at ₹1.95 per unit. The spot power pric... EMI, loan payments could be paused Finmin highlighted the need for relief measures as individuals & businesses face loss of income.... Government likely to launch Covid path-tracing app The effort comes after recent move by MeitY and Niti to develop and test similar apps to track Covid path....

Today's Highlights Lockdown not be enough for India's covid fight: Rajan India's high population density has made it more prone to the covid-19 virus sweeping across the globe. With 650 posi... Govt eases permissions to manufacture sanitisers The centre in close coordination with states is giving permission to distilleries and new manufacturers for productio... Corona Relief: Govt to pay workers' PF for 3 months This will be applicable for establishments with up to 100 employees, where 90% of employees drawing less than Rs 15,0...

News Virus hands leaders powers they may never give up In desperate times like these, leaders on all levels are going to extraordinary lengths to do whatever possible to co... A gene detective's hints, eerily on the mark Trevor Bedford started analyzing Covid genomes from China as soon as they went public.... FM to announce virus bailout package soon The announcement is expected to take place at 1 pm on Thursday, according to an official. Earlier this week, the Fina...

Industry Indian banks plan to shut down most branches during lockdown: Sources Banks have been exempted from a 21-day lockdown that began this week.... Covid-19: Forget healing touch, pharma gets it rough The national lockdown has hit pharmaceutical companies hard as restrictions on movement of goods and people imposed b... Covid-19: Goods locked, delivery down, relief in transit Retailers in many cities across the country said on Wednesday that staff were stopped and manhandled by police, even ...

RISE How to keep small firms from dying of virus MSMEs have been hailed as the backbone of the Indian economy who can contribute well in achieving India's dream of a... Covid-19: Amazon, Flipkart, others look to deliver the goods Ecommerce companies await clarity from government agencies on what goods are termed essentials, as they look to servi... Covid-19: Orders on Zomato, Swiggy go down by 60% Zomato said it has been operating at 30% delivery capacity. The company has also been facing issues across cities whi...

Panache Renowned chef Floyd Cardoz passes away at 59 due to coronavirus, tributes pour in from around the world The culinary star was the co-owner of 'Bombay Canteen', 'O Pedro' and 'Bombay Sweet Shop'....

Wealth Collateral damage of stocks crashing due to Covid Covid-19 has eroded the wealth painstakingly built over the past 4-5 years. The bigger danger is that many first-time...

Tech How Indian IT is keeping lights on for global businesses TCS is said to be shipping nearly 6,000 laptops to employees every day to enable them to work from home. The no. are ... Lava pays 20 per cent advance salary to factory workers "The move is a part of the several measures that the company has taken to ease the trouble of its employees and ensur...

Mutual Funds Many new DIY mutual fund investors stare at huge losses Many new Do-It-Yourself investors who have entered the market in the last two to three years are staring at a loss of... 'Redeeming your mutual funds only ensures you convert a notional loss into an actual one' The situation in the market is worrisome and has only multiplied with the COVID -19 virus pandemic now looming on eve...

Follow Us on ET:

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2020 Times Internet Limited. Our mailing address is: Economictimes.com (Times Center), FC - 6, Sector 16 A, Film City, Noida - 201301 Uttar Pradesh, India

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