district it is also mumbai is largest manufacturing center that. he is a hive of activity here porters with roots in the state of gujarat who work and live alongside the zuhdi embroiders from what i've read the government makers and plastic recyclers crossed paths with metalsmiths capital makers antanas in all there are more than 10000 skilled craftsmen here. it was this energy that drew entrepreneur. 80 years ago this is a very close knit and if you give them a cause the ability and access to grow the one country will grow. up does idea was to raise the heart of the market out of relative obscurity by setting up an online marketplace where the autism's can advertise their workshops and products now they can reach clients far beyond the potential is huge part of these workshops sell goods worth over $60000000000.00 rupees or about $800000000.00 euros each year. every little need is like a mini factory where you have. different workshops producing different things and it's so self-sufficient. because they're not educated the oysters are not bored i

coming to you from mumbai. is one of the largest slums in the world often highlighted boiled over for its poor living conditions and made popular by the oscar winning film slumdog millionaire but the look i look at is a hub of small scale industrious with an annual turnover of close to $1000000000.00 an e-commerce startup is attempting to increase their access to the marketplace by creating an online platform to sell their goods is beyond the graffiti. of. the hobby is a means of finding. its 2nd largest. putting 2 square kilometers and is situated only a few minutes from mumbai is a financial district it is also mumbai is largest manufacturing center that every is a hive of activity here porters with roots in the state of gujarat who work and live alongside the zuhdi embroiders from whatever the government makers and plastic recyclers crossed paths with metalsmiths happen to makers and banners in all there are more than 10000 skilled craftsmen here. it was this energy that drew entrepreneur make a good dad to

what we'll dig deeper into today hello welcome to eco india i'm somewhat on who coming to you from mumbai. is one of the largest slums in the world us and highlighted boiled over for its poor living conditions and made popular by the oscar winning film slumdog millionaire but a look ality is a hub of small scale industries with an annual turnover of close to $1000000000.00 an e-commerce startup is attempting to increase their access to the marketplace by creating an online platform to sell their goods beyond the graffiti. of. the heart of e is a means of finding. its 2nd largest covering 2 square kilometers and situated only a few minutes from mumbai spider-man should district it is also mumbai is largest manufacturing center the harvey is a hive of activity here borders with roots in the state of gujarat up work and live alongside the study embroiders from what i've read the garment makers and plastic recyclers crossed paths with metals mates and a makers antanas in all there are more than 10. wasn't skilled craftsman here. it was this energy that drew entrepreneur made. 8 years ago this

the founders the founder of tree schools on the outskirts of mumbai definitely. determined in the sleepy coastal town of about a 110 kilometers from mumbai nothing will strike you as organ. damage or even initiative but is working with the marginalised tribal communities in the home who have historically been denied their right to health education you know who are decent living to access to their forests and this is a community that is at the bottom rung of the society for various reasons the school is are not just a school it's an experiment it's a radical or dollar bill to say that education must be about social justice and together along with this group of people we are experimenting with how open source open source technologies can really bring about change into a new. term errantry school only uses online educational resources that are accessible for free the school computers use open source software that can be obtained free of charge the idea is that high quality educational material and technology should be available to all the approach here is quite a de

it was over 15 years ago that mumbai residents michel jobs law and human babu moved to the home. since then they have built closely with the local community in building the schools determined not to turn this into a charitable institute the school charges the parents fees ensuring that they stay invested. in the way it's easier for us because these are 1st generation learning so the parents of the students really just have faith they just have trust that ok what do with these guys are doing they must be doing it right because they didn't have an idea. having said that i must say that there are a lot of other parents who have been exposed to let's say the conventional way of let's say computing or technology they are exposed to that and they do ask is that. what happens to my child when he grows up learning opensource and when the he or she will go out in the world. how will she be able to cope and we reassure them that look. it's not a big you know ultimately the the what we are teaching is the conception was. my dad been plenty of challenges along during the demo than 3 journey

a place like mumbai has very visible disparities of wealth.hands of those who really need it? navin teamed up with someone else who'd cheated death, cancer survivor and app developer darshan. they put together an hour that lets people pinpoint a need and find someone to meet it. you find some person who is in need of some food. you take a photo of that person and the location. then you can target that location and broadcast that within the group, with people who are in the vicinity. the need can be food, clothes, shelter — anything. the tag also carries other details: local landmarks, how many live at the address, that kind of thing. now, you can meet the need yourself or be like the dabbawalas and find someone on the app who's got something to give. shree ganesh restaurant cooked a little too much this lunchtime. they've put it on the gift—a—deed app, so food that would otherwise go to waste is picked up by the dabbawalas. they scan the app for someone nearby who needs it and they hit the road. manisha has six mouths to feed, she says they us

that was david reed in mumbai. right. who's up for a disasters. that was david reed in mumbai. so. avengers: endgame is pretty ha rd to thought so. avengers: endgame is pretty hard to beat in that respect stop and we've been behind—the—scenes with matt aiken, visual effects supervisor, to see how they brought the film's climactic battle to lie. warning, this will contain spoilers. but if you haven't seen it yet, i imagine you haven't seen it yet, i imagine you would be streaming in the next few weeks, actually. dabbawala did exactly what he said he was going to do. he wiped out 50% of all living creatures. i work on the end battle and that encompassed all of the aspects of modern digital effects work. we had lead digital characters, we had giant battle scenes with entirely digital armies, the battles taking place in an environment that almost entirely digital, lots of complex simulation work with destruction events and fire and complex, you know, the superpowers often involve simulation work. digital doubles are like 47 lead marble characters for those wide battle sites. so a f

coming to you from mumbai. is one of the largest slums in the world us and highlighted boiled over for its poor living conditions and made popular by the oscar winning film slumdog millionaire but the look i look at is a hub of small scale industrious with an annual turnover of close to $1000000000.00 an e-commerce startup is attempting to increase their access to the marketplace by creating an online platform to sell their goods is beyond a joke graffiti. in. the heart of e is a means of finding. its 2nd largest governing to square kilometer and the situated only a few minutes from mumbai supine manchu district it is also mumbai is largest manufacturing center. that every is a hive of activity here porters with roots in the state of gujarat who work and live alongside the zuhdi embroiders from out of rubbish government makers and plastic recyclers crossed paths with metalsmiths capital makers and banners in all there are more than 10000 skilled craftsmen here. it was this energy that drew entrepreneur. 80 year

mumbai come in the most heavily populated area has 39 cases right now.irtual lockdown on by and other cities. the indian situation could be the next avalanche of new cases so they will be taking that one quite seriously but public health systems and the density of the population in big cities are big challenges. david: hopefully, these suspicions are wrong. stephen engle, chief asia correspondent. globally, we're up to 190,000 cases. the last leg toward the right side of the graph, spiking up. that is worrying investors and the markets, the steepening. phase three of the story. global markets, 5% down in australia and the rest of asia doing ok. the philippines are doing well. yvonne: currency and bond trading resumes today, 1.2% gain for the currency. is that a sign of how equity markets to want thursday? -- do on thursday? the u.s. 10 year, back to 1%. we are havinge difficulties finding a floor when it comes to brent crude and wti but we've got plenty more to come. . this is bloomberg. ♪ yvonne: it's 10:29 a.m. in hong p.m. in shanghai, 10:29 new york.

let's speak to malishka mendonca, a radio presenterfrom mumbai.bout coronavirus, given the number of cases in india is still relatively low at the moment? yes, when i last checked, we were actually at 41, that was the latest. the curfew is in full force, i am sitting on my balcony on a sunny day in mumbai, with only the birds chirping, this is a crazy busy city, there is no traffic and no people on there is no traffic and no people on the streets. having said that, it is tomorrow that also worries us. as of today, the prime minister has asked for it, and when he asks you for it, the country get into action as they should. because they think there is a plan for should. because they think there is a planfora should. because they think there is a plan for a future. today people will stay home until nine o'clock but we don't know until tomorrow. yesterday i went to the doctor and i saw children out in droves, parents we re saw children out in droves, parents were out, still outside, not exactly understanding how serious this is. that is my big worry.

it didn't make a pundit film his walk through terminal one at mumbai airport now not to be emptied out he called it a very you have sight to see caught on of it as effect. but there was plenty of criticism of some of india's other antivirus efforts this twitter user pointed to the sanitation of the metro with a picture showing the picture on top a south korea disinfection unit and the picture below india she said construction helmets and no gloves seriously and a dose of soccer as i'm here from a trip to you is a saying india has union minister finds the way to check in corona why does god bless us followed by this video. oh that's you don't understand i'm not a tommy leading a crowd to chant go corona so that the coronavirus would go away. so what really are the indian government's plans correspondent michelle jessica joins me now from delhi how exactly does the indian government plan on tackling the . outbreak. well various the prime minister has gone stooge of a high level group of ministers which is meeting regularly and reviewing preparedness and prudential measures across the cou

that's our show for today we leave it all with images of mumbai's international airport normally packed with people now almost deserted due to the corner of us our break we're back tomorrow. happiness is for everyone schuman penises are very different from primates we have made totally ridiculous the size view nature. and this is climate change crisis sex happiness increase books you get smarter for free you know we got our news from. the school district as it seems. to understand the world. we need to take a closer look. at. the experience not tomorrow today. the european central bank takes action against the coronavirus fox investors say it's not enough shares go with the freefall again try to find out if the e.c.b. can do anything to stop the spread of the flu. and china says the peak of the draw . virus epidemic has passed but asian markets ignore the numbers and the stimulus that governments are throwing at the infection. and that will and let's do business investors and not liking this the e.c.b. announcing it will release a batch of cheap loans to help member states deal with the

when we move it these are unprecedented protests in the history of mumbai. full of all ages sex social clala and caste took to the streets it is therefore up to our government to decide whether in the textbooks of future generations. it wants to appear is the one who saved our planet. or vice versa. to find out the government's position we met the indian minister of environment forests and climate change. and you asking me that question. few hundreds of trees delay isis the best exexamples.n the limimited tool with nearly the mold. fifteen thousand trees to build tools they would do for. realizations of metro stations what what is the result in twenty years. fifty zero fifty thousand greens have begun filing please all grown up. is different largest simultaneously f five million passengers travelling letterman's- doing group enrollment group friendly public transport to the limit. except that in the case of the r. a. forest the goal is not to put less pressure on the network but to create space to park subway t trains for this project is to build a new look

mumbai, taking us through the early trade.the nifty futures suggesting a positive start. what are you tracking? reporter: absolutely. i must say some reprieve into indian equities closing with strong gains. recovered from a few days back and the opening as to seeing the futures suggesting. i think all eyes now, scheduled bloomberg has also .eported that they met earlier the government of singapore had announced fiscal measures and monetary measures announced today. market expecting forbearance considering the 21 day lockout. it remains to be seen if rate cuts are needed. markets opening pretty much in the green. motors that had fallen 50% in the last one month, some reports say the reading for the company will be towards downgrade. haslinda: thank you for that. like we said earlier, india is planning a stimulus package worth 22 billion dollars in spending to fight the coronavirus outbreak and its economic follow-up. . let's bring in again mumbai rodriguesef jeanette let's go through some of those significant measures. reporter

our finance reporter there in mumbai.counting down to the opening of the session in india in the next hour. it is looking like we will see the damage continuing following the last of the rest of the asian session. what are you watching? friday sessions are just about holding on to the levels during september of 2019 when the corporate tax announcement came. but looking at what we are seeing out there, they have reached the downside. 10,890 was the low of that day. we will take that down. all the gains that you got from the tax cut have just been given back in the matter of a few months. we're still about a hundred points higher, but today's session will be another down day. january starting the new year, everybody anticipated that markets would outperform the piece. significantly polarized until now, but everything has reversed. they are selling out in big chunks almost on a daily basis. the currency has been falling and that is not a great investment opportunity. they are not going to get their money's worth investing in

this is bloomberg. ♪ ♪ a: it is a: 30 am mumbai. anchor: it is 8:30 a.m. in mumbai.it a long road ahead to be the coronavirus. singapore signals a weaker dollar in the face of a lengthy recession. it is a warning that industries are dying. and donald trump says the country should be on the road to recovery by june, but deaths make top 200,000. 200,000.p this is "bloomberg markets: asia." whiplash this monday morning after we saw decent session or we, i should say, last week when it came to em stocks. risk off, as you mentioned, the dollar getting more strength here after four days of losses. this is something to contend with along with the collapse of oil, brent crude down close to 7%. we saw wti break below a 2002 low. a lot of questions on how much factore go as we try to in demand destruction given the lockdowns we have seen. looking at south east asia, the ho chi minh index down close to 5%, same for indonesia, as they look at considering a lockdown. the mas decision seems to be priced in, and futures lower by one india is going to be interesting, and we see mone

behind this ramshackle building in mumbai an unusual kind of farm is growing what could be the food of the future in statics. hydroponic farming uses foam and other materials the substrates for the plant. nutrients are added to the water. the range of plants includes leafy greens like swiss chard letters and herbes. in the same amount of space you can grow almost 10 times the amount because you can go vertically and because of the clear was no water systems that are used you can use up to 90 percent less water and there's the added advantage that you don't have to use pesticides when you're doing in. the down side farming like here in the netherlands where tomatoes are being grown requires a lot of energy for artificial lighting and growing something like corn or wheat would need even more power. so what about eating insects. despite the loads of legs that climate footprint is small. insect farming produces about 5 percent of the greenhouse gases per kilo that cattle opaque farming emit they grow very fast they're rich in protein and minerals. about 25 percent of the world's population

india'financial hub, mumbai, ve closed indefinitely due to coronavirus fears.y increasing india, the world's second most populous country, his criticism for his low testing rates. they h tested over than 14,000 people for the virus, a pulation.tion of its 1.3 our correspondent has more. >> it looks like india is marching toward all ofts the government still looks hesitant, but india prime minister nedra modi has already encouraged citizs to -no one is expected to come out of their home and stay inside. maybe the vernment is staying in its own my that india has to walk the pat o complete lockdown. however, the cities like mumbai, which is the financial capital of india, the local government here has already announced partial lockdowns.or all of therate offices have been asked to shed work completely. employees are supposed to walk you're all of the malls,e theaters, public acesre closed. only the public traport like the trains, metro, buses will run the road,ut the governmentey said an stop at any time if the situation dends. bhowever, the questions ang asked ac

futures in singapore pointing a 4.5% gain in mumbai.a will suspend all domestic flights from midnight tuesday. the last piece of the country's lockdown puzzle. companies are struggling to ensure that one million -- such as banks and airlines and insurers can stay online. to our southeast asia editor with more from new delhi. i guess it's safe to say a lot of these companies are struggling with this lockdown in india. >> yes, they are. i mean, you have got global giants like -- deutsche bank working with a local industry group to ensure that india stays -- essential services. so staff can continue to work from offices. and meanwhile you have got other indian firms that employ 4 million people. they've asked their clients to relax privacy requirement, so if employees have to work from home during this lockdown can still do their jobs. yvonne: what are the privacy concerns right now? are there many? >> privacy is a big issue because this is sensitive data that millions of workers are processing. and the prospect of them having to process f

let's get right to mumbai. the nifty futures, at was pointing to a little as low as 3.8%. yes, it is not a great start to this afternoon. not a great way to end the week. we have already broken the psychological mark. we were watching out for nifty. we are below the recent low we have seen. it is a cut of omar -- of over 400 points. nifty is down 4% in trade. this will be the biggest percentage we have seen in recent times. ranking stocks are in focus, down about 5%. for the broader markets, it is a fall. the broader markets are down. have the highlight we indian rupee, which continues to slide. the rupee is inching closer to to psychological mark of 74 the dollar. it is depreciating for the second day. down 1% in trade. onl: we are keeping an eye yes bank after the r.b.i. seized control of it. how are shares trading and what else are you watching? >> that is the biggest news of the day. late evening yesterday, r.b.i. had put yes bank under a moratorium of one month. r.b.i. has superseded the vote of yes bank.

mumbai has been under lockdown as well. not single trade -- you have liquidity issues and what traders can and cannot do. we might get exemptions. these are some of the things that we don't normally talk about, we would never imagine we would be talking about, but these are certainly not normal times. haslinda: unprecedented times. bloomberg's david ingles. reliance industry gaining 70% in early mumbai trade. more on that unprecedented nationwide lockdown, which effectively keeps 1.3 billion people at home for the next three weeks. in an address to the nation, prime minister modi stressed the importance of self-isolation in breaking the infection cycle. days are: if these 21 not managed properly, then the country and your family will go 21 years back in time. in oura: let's bring southeast asia editor from new delhi. ground?t working on the >> after prime minister modi's address, queues started forming at grocery stores around the country after 9:00 p.m. last night. people are concerned about how they will care for and feed

from the slums of mumbai out into the world and e-commerce startup has launched an online platform the merchants can use it to offer their products on bigger markets and expand beyond their own local clientele. to give them a post a little again access to full boycott of chemical. eco. 90 minute t.w. . to know that 77 percent of black because are younger than 60 pot. cuts me and me and you. and you know what it's time low voice is part. of the 77 percent veto babied issue stuff. this is where you cut. the 77 percent this weekend on d w. i'm scared that the war that's hard and in the end is a me you're not allowed to stay here anymore we will send you back. are you familiar with this. with the smugglers with clients and. what's your story ready. i mean when i was a women especially a victims of violence and. take part and send us your story we are trying in all ways to understand this new culture. are not a very little or nothing you want to become a citizen. in for migrants your platform for reliable information ringback. this is deja vu news live from berlin germany starts to lock dow

apoor joining us from mumbai. inflation numbers out of india later today.more about oil coming up. brent crude's down 5% during the asian session. this is bloomberg. ♪ >> stocks falling fast and furious. the headline coming through, the msci emerging markets stock index down 20% from its big set for bear market. when it falls into their, it will join the likes of the dow, which is in bear territory, and global stocks in general poised to be in bear market as well. crude, brentook at down more than 5%. at the latest business flash headlines. systemwidetting capacity by 15% as it looks to mitigate the impact of the coronavirus. cuts include a 10%-15% reduction on domestic flights while transatlantic flights will be 65uced up to 20% as well as percent of flights across the pacific. delta suspended service to china and reduced operations to south korea, japan, and italy. inter-globe aviation, which operates india's biggest airline indigo, issued a warning on earnings, saying it suspects quarterly revenue to be materially impacted. daily bookings declined betwee

in the slums of mumbai out into the world e-commerce startup has launched an online platform the merchants can use it to offer their products on bigger markets and expand beyond their own local clientele. to give them a little again access to. go in finding a good. cooking. cost 16 doodle you. beethoven is for me to be told is for you. beethoven is for help. beethoven is for. beethoven it is for the. beethoven is for us. beethoven is for. beethoven 2020 for 250th anniversary here on delano. around the world. for weeks now in beijing there hasn't been any point in getting up early. the only reason to do so is to check the latest number of new infections. right after waking up.

from the slums of mumbai out into the world and e-commerce start up launched an online platform the merchants can use it to offer their products on bigger markets and expand beyond their own local clientele. to give them a postilion libya. for a time payment. for information. they want to express to them on facebook and twitter up to date and in touch follow us. towers my story. on the. people who planned me. dedicated to me. i am not a done deal. on my secrets. i have monta my city's days for centuries and accompanied my country through its finest hour. until the day i'm. not tied down to. dance a foot. frankfurt . international gateway to the best connection self road and rail. located in the heart of europe you are connected to the whole world. experienced outstanding shopping and dining offers triall or services. biala gassed at frankfurt airport city managed by from a bought. this is due to be a news live from berlin and europe can withstand the shock of the coronavirus commission president was a fine the line outlines measures that she hopes will soften the blow to the blocks economy sh

for this that happened in mumbai into the financial capital and then i am b. it's all you have schools and colleges being shut god i'd be over to the door and i meant have been postponed by a month so speaking on the ground you want to get back and india you have any populous country so what you described and you talk what i've been given to understand when you read on the net keep sort of getting some bite us into than a lot of to so i what if india want to spin it india i think that would be very dangerous but it's coming back i mean question i mean on the ground it's 100 people because from travelling. if everybody. back. let frank intent on his going back to a lower class mark simply because the silly company from the one and a vision. and so it indexes only what else can governments or companies do or central banks say to mitigate the losses or to soften the impact correspondent adam if you have the conversation we had just before we came to yourself the conversation we're having robin brought in so he was making the point you know interest rates they are

mumbai.: agam in let's stay with india.ts 1.3 billion people to stay indoors to stem the spread of the coronavirus. as the government asks the state to enforce work from home primees, promises -- minister modi made this appeal. >> i would like to request businessmen and people with higher incomes to take care of the economic outlook of those who work for them as possible. in the next few days, it is possible that these people might not show up for work. please don't deduct their salary or pay because of this. haslinda: for more on the measures in india, we are joined by south and southeast asia government editor in new delhi. what do you make of the measures? obviously, it will be incredibly difficult for 1.3 billion people living in a very densely populated country to self-isolate as modi is asking us to do. but really, we were also expecting him to announced some kind of package last night, possibly involving fiscal stimulus, including auto, tourism and pharmaceuticals as well as direct cash transfers to the poor and aid

juliette saly giving us abreast on the asia session and nourish in mumbai.eam standing by with the market wraps. that measure is piling up on the fed. other central banks having to respond in a variety of ways. jerome powell said the virus poses evolving risks to u.s. growth and signaled he is going to cut rates if necessary you goldman sachs expects 50 basis points this month. the possibility of corrugated action by other central banks, the bank of japan offering to buy $4.6 billion worth of sovereign debt. here is what our guest said. possibly the worst thing i have ever seen in my career. >> from the fed's point of view, a red -- a rate cut is on the table. >> the fed will respond to the threat of the coronavirus by lowering rates. >> they realize whatever they do, they will be shown to be ineffective. >> the fed is impotent in this environment. >> the policymakers will do everything possible to prevent the u.s. from going into recession. >> lowering interest rates will not -- >> they will deliver even if they don't see a hard evidence. >> i have no doubt

exporting pharmacutical ingredients to india. 0ur india business reporter nikhil inamdarjoins infrom mumbaihat's the background to this? just to give you a background, india depends on china for about 80% of its api needs, these are essential, raw materials that go into manufacturing essential drugs such as antibiotics and painkillers. india is also a huge import exporter of generic drugs to markets like the us and to europe, so when the supply change dominic chain disruptions happened over the past few months, there was a global scare about a potential shortage of medicine in world markets, however drug manufacturers that they have been speaking to the past few days seem to suggest that china is resuming some of the exports of those apis to india, they are reaching andy ensures whether they are being negated and thoroughly inspected before they are sent out as dispatchers to drug manufacturers, though certainly china as some sensors getting back to normalcy and factories resume work, this is good news coming in, possibly concerns on shortages could now be set aside although this is a dynam

tension psychological stress has gone through the roof unfortunately we can't contain the situation in mumbai there's a high level of contagion and we're not even counting the dead anymore. look at the news that's coming out of italy and take note of what the situation really is like it's unimaginable. my best to you all let's keep smiling and stay strong you know he said. that i will simply die. and those who are looking after the dying are desperate. greatest problem which is emerging these days i would say is that the patients can't be visited by their relatives and often die on their own. we've started a service in which we contact relatives on the phone to explain to them what is happening so there is at least some contact patients who are able to can call themselves but the older patients aren't able to because they just aren't used to it. so we try and keep in contact with the family. as is sleaze corona crisis exploded chinese officials who seem to have their side of the pandemic under control sent medical teams and equipment to help. yet the chinese red cross says their hard won advi

from the slums of mumbai out into the world and e-commerce start up has launched an online platform the global merchants can use it to offer their products on a bigger market and expand beyond their own local clientele if you give them a close the ability to get access to full boycotting a good. 30 minutes forms until it. is the country that limits least drainage solutions and reforestation. community interactive content teaching the next generation of us environmental protection. issues and channels available to inspire people to attend connection and were determined to build something new for the next generation and the ideas the environment series of global 3. you know and gemini lifting the debt ceiling at any time i'm claiming he claims he names. the i don't like the crowd so missing a long new suit has to come from super. pac for. interactive exercises. everything is online and interactive in german to frame a liftin dare you. play . place . this is d w news live from berlin can europe withstand the shock of the coronavirus e.u. commission president or so the founder linus outline

that's our show for today we leave it all with images of mumbai's international airport nobody packed with people now almost deserted due to the corner of us our break we're back tomorrow. david. w. bush. comes to the girl next new chat. line of story. with exclusive. the must see concerning part church in your a. place to be for curious minds. do it yourself networkers. subscribe to and don't miss. the. the european central bank takes action against the coronavirus invest the say it's not enough shares go with the freefall again it will try to find out if the e.c.b. can do anything to stop the spread of a float. and china says the peak of the coronavirus epidemic has passed but asian markets ignore the numbers and the stimulus that governments are throwing at the infection. and that will lead to business investors and not liking this the e.c.b. announcing it will release a batch of cheap loans to help member states deal with the coronavirus and that it will expand its bond buying program both moves intended to stabilize jittery markets and aid small businesses the e.c.b. also says it

in mumbai. i'm haslinda amin. yvonne: i'm yvonne man.ring the less session here in hong kong. the u.s. moves closer to a $2 trillion stimulus package. mitch mcconnell says the senate will vote after a last-minute dispute was settled. haslinda: the world health organization says governments are wasting time, but china is getting back to work. yvonne: reports say china will do more to bolster the economy amid the virus. it may cut the h-mart deposit rate to encourage banks to lend more money. haslinda: asia, looking pretty mixed. china down almost half a percent. hearing in the u.s., mitch mcconnell saying the deal could be signed sometime soon. the yuan, hovering at the seven level. the kospi up by 6/10 of 1%. its flip the page and take a look at where we are in terms of -- let's flip the page and take a look at where we are in terms of the msci. if you can set of a contraction we are seeing in the economy, a contraction of more than 10% for the first quarter, some say the .ontraction may accelerate not looking good. we are seeing the chi

hong kong, mumbai, singapore, seattle, jakarta, wellington, they were all down about 3% or more.t the likes of shanghai, taipei, also down. of course driving the declines was those ferocious selloffs in the oil prices. all sparked by topics, saudi arabia essentially slashing prices. two unprecedented levels after its bust up with russia over production. investors as a result of jumping riskier assets, piling into safe havens, sending things like the gold and japanese surging. the cost those losses in oil prices. you got energy firms in asia being slammed. hong kong listed petro china plunging and woodside petroleum in sydney or falling on the double digits. governments and central banks have been seen to be preparing to roll out stimulus measures to roll out stimulus measures to counter the effect of covid-19, we to counter the effect of covid—19, we know it's putting a huge strain on economies and stoking concerns of a worldwide recession. confirming it's on the brink of a technical recession today was japan this morning which reported its worst quarterly growth numbers since at

it is likely to be a positive day on the markets in mumbai.seeing a powerful risk on sentiment across the region. 1.4%.ai confident up by in australia, markets higher by 1%. we have had a few questions in australia around what sort of a fiscal stimulus might be offered in this environment of the coronavirus. the department of treasury be --ting a recession may may not be on the cards just yet. let's get over to mumbai. are still seeing some weakness in equities. how are things looking today? at least in the opening session, it is looking for better because we started off the day with gains. you have nifty, which has opened ath gains of nearly have percent. centex is up nearly 260 points. from lowerrecovering levels. fraud or markets as well, which have given up their gains for 2020. nifty 500 has opened with 72 to 73 points. expiry forkly options. it remains to be seen if there is any volatility due to that. talking about volatility that has been on the higher side, trading at levels of 24 to 25. sell in indian equities for the last eight to n

we will go to mumbai where our reporter is standing by. is it a bloodbath?global equities. the stock is in dread after the biggest fall that indian equities witnessed on monday. down about 83 points in trade. banking stocks have been under pressure. seen them touching the 52-week low. it remains to be seen if there is any recovery in the near term or not. jump inig news is that oil prices. >> it is a positive for upstream companies. 13 -- fullad falling and 13% on monday. we also got a brokerage note for equality. this cut the target price to 1145. the consensus earnings were a downgrade for the company. creditson behind that is downgraded the stock to underperform. prices are likely to lead to losses in the training center of the company. trading sector of the company. withank you for joining us what is looking to be a pretty interesting session in mumbai right now. let's get back to alka. we were just talking about yes bank and this bailout. i was going to ask you, we talked about the aspect of a further downgrade. what will be a swing factor for an upgrad

an empty shop at a local toy market in mumbai.as hit trade hard. 80% of toys and shops like these come from neighbouring china. so these kids, they are playing with iphones. under local substitutes are no match of customers, says this shopkeeper. india can never be as good as chinese toys. india cannot compete with the prices and the innovative toys are supplied from china. nulty nationals like ikea india had a similar concerns. they say it's not possible to make a switch quickly from china to india when it comes to sourcing raw materials or switching manufacturing capacities. part of thatis manufacturing capacities. part of that is due to india's lack of infrastructure. you cannot have one product from one end to the other. you need raw materials, certified wood which does not exist india. environmentally friendly projection, we are looking for the society, or the labour work so we look a lot on that part. in 2014 when the prime minister came to power, he launched programmes like made in india with the hope of making india the ne