lockdown

Verizon beats revenue estimates on lockdown boost to wireless services

FILE PHOTO: Workers board up a Verizon store in midtown Manhattan during protests against the death in Minneapolis police custody of George Floyd, in New York City, U.S., June 2, 2020. REUTERS/Brendan McDermid

(Reuters) – Verizon Communications Inc (VZ.N) on Friday beat estimates for second-quarter revenue on strong demand for its phone and internet services as coronavirus-induced lockdowns prompted a rapid shift to remote working and learning.

Although stay-at-home orders cut down store visits, limiting new sign-ups in a quarter that was almost entirely spent under lockdown rules, a pick up in demand for internet services helped the company add more phone subscribers who pay a monthly bill.

In the second quarter, Verizon added 173,000 postpaid phone customers, above analysts’ estimates of 61,200 additions, according to research firm FactSet.

Total operating revenue fell 5.1% to $30.4 billion but beat the analysts’ average estimate of $29.93 billion, according to

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India’s tech hub, other towns back in lockdown amid COVID-19 surge

BENGALURU/MUMBAI (Reuters) – India’s high-tech hub of Bengaluru will go back into a coronavirus lockdown for a week on Tuesday after a surge of infections, threatening to derail government efforts to revive a stuttering economy.

Employees walk in front of a building dubbed the “washing machine”, a well-known landmark built by Infosys at the Electronics City IT district in Bangalore, February 28, 2012. Picture taken on February 28, 2012. REUTERS/Vivek Prakash

Places of worship, public transport, government offices and most shops will close again from the evening, and people will be confined to their homes, only allowed out for essential needs.

Schools, colleges and restaurants will remain shut, authorities said.

Bengaluru, home to some of the world’s biggest IT firms such as Infosys (INFY.NS), had only about 1,000 coronavirus cases in mid-June and was seen to have fared better than other parts of India in terms of testing

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India’s tech hub Bengaluru, other towns back in lockdown as coronavirus infections surge

BENGALURU/MUMBAI (Reuters) – India’s high-tech hub of Bengaluru will go back into a coronavirus lockdown for a week on Tuesday after a surge of infections, threatening to derail government efforts to revive a stuttering economy.

Employees walk in front of a building dubbed the “washing machine”, a well-known landmark built by Infosys at the Electronics City IT district in Bangalore, February 28, 2012. Picture taken on February 28, 2012. REUTERS/Vivek Prakash

Places of worship, public transport, government offices and most shops will shut down again from the evening, and people will be confined to their homes, only allowed out for essential needs.

Schools, colleges and restaurants will stay shut, authorities said.

Bengaluru, home to some of the world’s biggest IT companies, such as Infosys (INFY.NS), had only about 1,000 novel coronavirus cases in mid-June and was seen to have done better than other parts of the India in

Read More

India’s tech hub, other towns back in lockdown as coronavirus infections surge

BENGALURU/MUMBAI (Reuters) – India’s high-tech hub of Bengaluru will go back into a coronavirus lockdown for a week on Tuesday after a surge of infections, threatening to derail government efforts to revive a stuttering economy.

A health worker in personal protective equipment (PPE) walks holding an umbrella on a rainy day during a check up campaign for the coronavirus disease (COVID-19) in Mumbai, India, July 14, 2020. REUTERS/Francis Mascarenhas

Places of worship, public transport, government offices and most shops will shut down again from the evening, and people will be confined to their homes, only allowed out for essential needs.

Schools, colleges and restaurants will stay shut, authorities said.

Bengaluru, home to some of the world’s biggest IT companies, such as Infosys, had only about 1,000 novel coronavirus cases in mid-June and was seen to have done better than other parts of the India in terms of testing and contact

Read More