Business News during Lockdown.
                     Business news during Lockdown
Netflix

 Netflix has seen subscriber numbers surge this year. 
Almost 16 million people created accounts in the 
first three months of the year, the firm said. That is 
nearly double the number of new sign-ups it saw in 
the final months of 2019.
Assam’s tea industry

 Assam's 180-year-old tea industry has been hit hard 
by the coronavirus lockdown and is staring at a 
massive revenue loss, according to an industry 
expert. The state's tea gardens employ around lakhs 
of workers; they had to close on March 22 but were 
allowed to resume operations in mid-April with a 
maximum of 50 per cent of their workforce.
Source: Google Images
Oil shock

 The benchmark price of US oil futures, which had 
never dropped below $10 a barrel in its nearly 40-year 
history, plunged to a previously unthinkable minus 
$38 a barrel. In just a few months, the coronavirus 
pandemic has destroyed so much fuel demand, 
leaving the United States with so much oil there was 
nowhere to put it.
Source: Google Images
Unemployment

 PM Narendra Modi announced a lockdown on March 
24 to contain the spread of coronavirus. However, the 
lockdown was extended as the Covid-19 positive 
cases continued to rise in the country. As the 
lockdown halted businesses, many have since been 
left jobless. Not only in India, in the United States, 26 
million people have become unemployed.
Source: Google Images
Protecting ambitious 
takeovers

 India plans to fast track the review of some 
investment proposals China following concerns new 
screening rules could hit plans of companies and 
investors, to avoid opportunistic takeovers during the 
coronavirus outbreak
Source: Google Images
Financial aid for small 
businesses

 Union Minister for Road Transport & Highways Nitin 
Gadkari said that the government has prepared a 
financial aid of Rs 1 lakh crore for reviving the micro, 
small and medium enterprises that have been hit 
hard due to the coronavirus lockdown. 
Source: Google Images
Confusion on new 
guidelines

 Shops selling non-essential items remained shut in 
the national capital as shopkeepers sought more 
clarity on a Central government order allowing them 
to operate during the lockdown period with some 
restrictions. Officials in the national capital also said 
they are awaiting fresh guidelines for shopkeepers in 
Delhi from the city government
Source: Google Images
Some shops opened

 The Delhi government on Saturday reiterated an 
order issued by the Ministry of Home Affairs (MHA) 
concerning shops that are now being allowed to open 
for business starting April 25. MHA had permitted 
certain shops to reopen, provided that they follow 
social distancing norms along with safety 
precautions.
Source: Google Images
Zoom’s massive 
success
 As the coronavirus pandemic has forced millions 
around the world to stay in their homes, the 9-year-
old platform has emerged as the go-to service for not 
only virtual meetings and classroom lessons, 
becoming one of the highest-downloaded app on the 
Internet.
Source: Google Images