World's largest cricket stadium all set to host POTUS : Bulletin: Business Today
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World's largest cricket stadium all set to host POTUS

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February 20, 2020

Coronavirus outbreak to have limited impact on India: RBI Governor Shaktikanta Das
Amid rising concerns over the spread of coronavirus, RBI Governor Shaktikanta Das on Wednesday said the deadly virus will have a limited impact on India but the global GDP and trade will definitely get affected due to the large size of the Chinese economy. Shaktikanta Das said that few sectors in India are likely to see some disruptions but alternatives are being explored to overcome those issues. Pharmaceutical and electronic manufacturing sectors, which are highly dependent on China for inputs, may be impacted.

Leave 15 minutes early for Delhi airport from today; here's why
Delhi airport issued an advisory to passengers to leave their homes 10-15 minutes earlier if they want to catch their flights as a key road is going to be shut for a year. The road connecting Rangpuri on National Highway 8 will be closed for almost a year on account of the airport expansion work.

World's largest cricket stadium all set to host POTUS
One of the major attractions of US President Donald Trump's two-day visit to India will be POTUS inaugurating the world's largest cricket stadium in Motera, Gujarat. The event -- dubbed as 'Kem chho Trump' or 'Howdy! Trump' -- will see the US President taking part in a roadshow before inaugurating the Sardar Vallabhbhai Patel Stadium, also known as Motera Stadium, on February 24.
 
Coronavirus impacts China's trade: India to benefit in apparel
India is expected to be a preferred market for sourcing of apparel products for buyers from the US, UK Europe and Canada as trade with China had been affected due to the novel coronavirus epidemic, Apparel Export Promotion Council Chairman A.Shakivel said on Wednesday. Countries which had been depending on China have learnt a lesson they should have an alternative market for sourcing and India was expected to be their preferred destination.

Apple likely to unveil iPhone 9 on March 31
There has been a lot of speculation about the release of Apple's next iPhone. While some reports have stated that the production of the phone has been hampered due to the coronavirus epidemic, some reveal that Apple will host its spring event on March 31. It was also being predicted that Apple has begun the trial production of its low-cost device--the iPhone SE 2 or iPhone 9.
 
Uday Kotak to sell 4% stake in Kotak Mahindra Bank
Kotak Mahindra Bank said on Wednesday that it has received Reserve Bank of India's (RBI) final approval for the dilution of promoters' shareholding in the bank. Promoter Uday Kotak will sell 4 per cent of his stake over the next six months, as mentioned in a report in Livemint. The sale of his stake worth Rs 12,500 crore will end the dispute between the regulator and the bank over dilution of promoters' stake.
 
Manmohan Singh calls $5 trillion economy target 'wishful thinking'
Former prime minister Manmohan Singh has said Modi government doesn't acknowledge the word "slowdown" and warned of real dangers if corrective action will not be taken on time. He also cited the former Planning Commission's observations to state that achieving the $5 trillion economy by 2024-25 was just "wishful thinking". He said there's a need for bold and new reform measures.
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