Top headlines: Losses for Indian airlines, Chris Wood rejigs India exposure

As regards India, Wood remains concerned that the lockdown in the economy continues, which in turn, will impact the consumer lending cycle

Chris Wood rejigs India exposure; says lockdown disastrous for economy

Christopher Wood, global head of equity strategy at Jefferies, believes lockdowns in countries like India and Indonesia will prove to be disastrous for human welfare and economy since neither help is being provided to small businesses, nor are there any unemployment benefits. As regards India, Wood remains concerned that if the lockdown continues, it will impact the consumer lending cycle. Read more here 

Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA

Airlines in India are likely to suffer a revenue loss of