Delhi govt will appoint nodal officers to monitor issues related to construction workers: Gopal Rai

Tuesday, 19 May 2020, 17:47:30
New Delhi [India], May 19 (ANI): Delhi government has decided to appoint nodal officers at the level of an executive engineer to disseminate information about various Delhi government initiatives to the labourers, Labour and Development Minister Gopal Rai said on Tuesday. Rai held a meeting with all the government agencies on Tuesday to discuss issues related to construction workers, an official release said. Principal Secretary (PWD), Secretary (Labour), Chief Engineer of CPWD and all three MCD along with other senior officers among others were present at the meeting. The minister apprised senior officers that the benefits during COVID-19 to construction labour can be transferred through Board only if they are registered. He stated that an online portal (www.edistrict.delhigovt.nic.in) has been launched for registration or renewal of construction workers. “The Delhi government has decided to provide financial assistance of Rs 5,000 again to the construction workers in the wake of the extended coronavirus lockdown.
— Sify.com

Here Is What Hedge Funds Bought And Sold In The Q1 Chaos: Full 13F Summary

Saturday, 16 May 2020, 17:00:00
Here Is What Hedge Funds Bought And Sold In The Q1 Chaos: Full 13F Summary Tyler Durden Sat, 05/16/2020 – 13:00 Amid a selling panic that at times surpassed the liquidation observed during both the financial crisis and the great depression, hedge funds were either paralyzed watching their P&L collapse or were busy selling as sentiment vaporized, and has yet to come back as the near record-low hedge fund beta to the S&P indicates… … but a handful bucked the trend, and loaded up on what BofA has dubbed a “reopening portfolio” of so-called quaratine stocks. As a result stocks such as Netflix, Peloton (which Citron infamously said to short just two months ago much to the amusement of the ” Peloton girl”), Amazon.com and Zoom were some of the most sought-after names in the first quarter, according to the latest round of 13F filings, with investors such as Jim Simons, Stan Druckenmiller, George Soros and Philippe Laffont all piling into these stocks. It was a good trade: each of the four stocks has soared double-digits as people hunkered down and reverted to television binging, at-home workouts, online shopping and video chatting.
— Zero Hedge

MCD hospital nurses raise payment issues amid corona crisis

Sunday, 10 May 2020, 17:57:01
New Delhi: As the war against the deadly pandemic Covid-19 enters the fourth month, there are some corona warriors who are feeling the pinch of the crisis more than others. Nurses at an MCD hospital here have raised the issue of “underpayment” as well as salaries at “irregular intervals”. Propped up at the forefront of the battle lines these corona worriers, risking their lives and giving their blood and sweat as the country combats the dreaded novel coronavirus, had not thought they would be battling the economic crisis also. All India Government Nurses Federation (AIGNF), General Secretary GK Khurana tells IANS, “The MCD hospital nurses have been going through this for a very long time and this corona time has made things difficult for them even more. “MCD says it faces lack of funds. These nurses do not get salaries on time. They get their dues and promotions after a lot of struggle. Also they do not get the same benefits, which nurses working in Delhi Government or Central Government hospitals, be it Kasturba Gandhi Hospital or Hindurao Hospital, do.” Nurses of MCD hospitals located in different parts of Delhi shared their plight with IANS.
— Sify.com

McDonald’s tests restaurant designed to combat COVID-19 spread

Friday, 1 May 2020, 22:09:09
Filed under: Finance , Business , Companies The COVID-19 pandemic has altered the way consumers behave, and as a result, McDonald’s ( MCD ) is attempting to change the way it operates by reportedly testing a new kind of restaurant focusing on social distancing and safety in the Netherlands. Read more… Permalink | Email this | Linking Blogs | Comments
— Aol.

McDonald’s (MCD) Q1 Earnings Lag Estimates, Comps Decline

Thursday, 30 April 2020, 16:13:00
McDonald’s (MCD) global comps in the first quarter declined 3.4% owing to the coronavirus pandemic.
— Zacks Investment Research