Business Standard

• newRealty check: Current rates and unit sizes in Rs 5 mn-10 mn price range
  If you are looking at buying real estate, an idea about prevailing rates would come in handy
  - 16 hours ago 9 Apr 20, 2:29am -
• newOyo sends thousands on leave without pay, India escapes for now
  Oyo said in a statement it's furloughing employees in countries excluding India without specifying numbers, adding that it's not considering job cuts at this time.
  - 16 hours ago 9 Apr 20, 2:29am -
• newGlobal trade likely to fall by 13-32% in 2020 amid Covid-19 outbreak: WTO
  Drop in world commerce might be biggest since the Great Depression
  - 17 hours ago 9 Apr 20, 2:18am -
• newHere's what expert says about cyber insurance and why you need it
  Cyber cover for individuals is indeed the need of the hour, especially in these times when most people are working from home
  - 17 hours ago 9 Apr 20, 2:15am -
• newTipping point: Despite good performance, don't bet on long-duration funds
  Government borrowings could rise, causing a spike in yields of long-term bonds
  - 17 hours ago 9 Apr 20, 2:07am -
• newFor personal or credit card loans, it's time to scout for good rates
  You can raise cheaper personal loans online to repay unsecured loans. For home loans, banks are taking documents online, but property verification may take time
  - 17 hours ago 9 Apr 20, 2:00am -
• newStrategy for meeting goals
  Moving money from equity to debt in the last stages of any financial goal ensures that the corpus does not erode suddenly due to a fall in the stock market
  - 17 hours ago 9 Apr 20, 1:56am -
• newCoronavirus impact: Centre's borrowing won't be cheap this time
  Wary of supply, bond dealers asked for sharp increase in rates from state governments during Wednesday's auction.
  - 17 hours ago 9 Apr 20, 1:50am -
• newAll govt departments told to cut expenses by 60% amid coronavirus outbreak
  Each department has to make the "savage cuts" by redoing the Budget maths.
  - 17 hours ago 9 Apr 20, 1:45am -
• newPausing SIP set to become simpler; more fund houses to offer option
  Many fund houses don't yet offer the pause facility but are scrambling to put one in place for investors
  - 17 hours ago 9 Apr 20, 1:37am -
• newStreet may be ignoring potential headwinds for Jubilant due to lockdown
  Some analysts point at likely risks from an extended lockdown that aren't priced in
  - 17 hours ago 9 Apr 20, 1:23am -
• newCoronavirus lockdown: Rs 1-trn stimulus package for MSMEs on cards
  The new package aimed at MSMEs could include increases in the limits of bank loans for working capital needs, hiking threshold limits for availing of tax exemptions
  - 17 hours ago 9 Apr 20, 1:23am -
• newMarket rally loses steam over fears of extended lockdown
  The weak opening of the European markets and a sharp deprecation in the rupee against the dollar weighed on stock prices
  - 18 hours ago 9 Apr 20, 12:59am -
• new40-60% drop in air passenger traffic likely in FY21 amid Covid-19 crisis
  Private joint venture airports (seven of them), including Mumbai, Delhi, Bengaluru, and Hyderabad accounted for over 54 per cent of the 349 million passengers in CY19.
  - 18 hours ago 9 Apr 20, 12:56am -
• newSebi relaxes guidelines for investment through non-FATF countries
  Move to benefit investors from countries and regions like Mauritius, Cayman Islands who are eyeing Category-I licence
  - 18 hours ago 9 Apr 20, 12:52am -

• newCovid-19 testing picks pace as pvt labs asked to take some samples for free
  Asymptomatic patients, who were confined to their homes, are likely to start showing symptoms and massive testing is the only way to identify and isolate them.
  - 18 hours ago 9 Apr 20, 12:29am -
• newSoap vs handwash: In time of crisis, firms set aside age-old differences
  Dettol and Lifebuoy promote hand washing with soap, setting aside their differences over hand hygiene standards
  - 19 hours ago 9 Apr 20, 12:19am -
• newTamil Nadu's political mothership
  Jayalalithaa was truly a lone empress loved fiercely by her party followers and loathed by her political adversaries
  - 19 hours ago 8 Apr 20, 11:59pm -
• newEstablish fiscal council to scale up spending
  India will have to address the big fiscal prudence challenge, which is not captured by the fiscal deficit/GDP metric
  - 19 hours ago 8 Apr 20, 11:50pm -
• newEnd lockdown or not?
  Extending the lockdown could lead to more deaths
  - 19 hours ago 8 Apr 20, 11:46pm -
• newGood, on paper
  Govt's moves on farm marketing are difficult to implement
  - 19 hours ago 8 Apr 20, 11:40pm -
• newFocusing multilateral money
  World Bank and IMF must step up to protect pvt sector, govts
  - 19 hours ago 8 Apr 20, 11:37pm -
• newLetter to BS: Lockdown should be withdrawn in a phased manner
  India is monitoring the world situation to be able to fight the highly contagious virus effectively
  - 19 hours ago 8 Apr 20, 11:33pm -
• newLetter to BS: Improve financial literacy to overcome economic crisis
  Times of crisis force us to acknowledge its importance
  - 19 hours ago 8 Apr 20, 11:28pm -
• newFirms weigh measures, protocols to adapt to post-coronavirus world
  Sanitisation, social distancing top of the agenda as shop floors get ready to open again
  - 19 hours ago 8 Apr 20, 11:25pm -
• newPolice in MP to start home delivery of FIRs for violating lockdown
  The government in the state has been following the lockdown rules strictly after a sharp increase in the number of Covid-19 cases
  - 19 hours ago 8 Apr 20, 11:23pm -
• newIndian courts: Now available online
  In a landmark order on Monday, the Supreme Court acknowledged that courts will adopt technology for court hearings even as they move back to regular functioning
  - 20 hours ago 8 Apr 20, 11:18pm -
• newFiscal space: Not if but how
  In the first part of a series, the authors argue the means must be found to avert potential economic and social collapse post-Covid
  - 20 hours ago 8 Apr 20, 11:10pm -
• newTime to reform takeover pricing
  Enforcement apart, this is a good time to think about getting some structural reform underway
  - 20 hours ago 8 Apr 20, 11:08pm -
• newCan't miss peak April-June season due to coronavirus: Exporters to Centre
  National-level exporters' bodies representing engineering goods, apparel, and electronics, among others, have written to the commerce department over the past two days
  - 20 hours ago 8 Apr 20, 11:04pm -
• newNon-Life insurers' underwriting losses rise on higher claims, competition
  Intense competition, frequency of catastrophes and higher claims are some of the reasons behind the losses.
  - 20 hours ago 8 Apr 20, 10:43pm -
• newShipment of foodgrain, flour, and pulses grow 148% in first week of FY21
  Except for foodgrain, flour and pulses, transport of all other commodities showed negative growth
  - 20 hours ago 8 Apr 20, 10:38pm -
• newRBI to examine buyback of outstanding amount of Rs 84,574 cr in AT-1 bonds
  Could disallow retail investments directly and through MFs in the instrument
  - 20 hours ago 8 Apr 20, 10:38pm -
• newHit by coronavirus lockdown, residential builders stare at a bleak 2020
  CREDAI-MCHI, a body of developers in Mumbai, has pegged the drop in sales booking at around 80 per cent in the February-March period this year
  - 21 hours ago 8 Apr 20, 10:18pm -
• newI-T Dept to release all pending tax refunds up to Rs 5 lakh immediately
  The move is aimed at helping many overcome cash crunch due to nationwide lockdown, and is expected to benefit 1.4 million taxpayers
  - 21 hours ago 8 Apr 20, 10:14pm -
• newCoronavirus lockdown: Textile industry stares at Rs 12,000 crore loss
  While the Covid-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown.
  - 21 hours ago 8 Apr 20, 10:13pm -
• newRadhakishan Damani beats coronavirus crisis as net worth soars 11%
  Shares of Avenue Supermarts, which contribute nearly all of the wealth to Damani's net worth, have advanced 24 per cent this year.
  - 21 hours ago 8 Apr 20, 10:08pm -
• newPM hints at lockdown extension, says situation like 'social emergency'
  Final decision may be taken after meeting with CMs on Saturday; UP seals hotspots
  - 21 hours ago 8 Apr 20, 10:02pm -
• newIndia's top hotels will now deliver meals at lower rates amid lockdown
  With social distancing becoming the new normal, hotels such as Indian Hotels, Marriott, Grand Hyatt and Accor Group Hotels are ensuring their meals reach the doorsteps of guests.
  - 21 hours ago 8 Apr 20, 9:45pm -
• newCoronavirus outbreak: Pharma market grows 9% in March due to panic buying
  Cardio-diabetic and respiratory segments clock robust growth
  - 21 hours ago 8 Apr 20, 9:45pm -
• newIT industry is resilient and will emerge stronger, says U B Pravin Rao
  The immediate priority is navigating through the Covid-19 situation and ensuring business continuity"
  - 21 hours ago 8 Apr 20, 9:42pm -
• newAs coronavirus lockdown paves way for work from home, internet gets clogged
  The average mobile phone data speed nowadays is down over 20 per cent. Fixed broadband has seen an eight per cent decline in speed.
  - 21 hours ago 8 Apr 20, 9:31pm -
• newFuture Group: Retail king of India faces litmus test as debt soars
  Future Group sees its biggest crisis after raising high-cost loans from PEs and pledging shares
  - 22 hours ago 8 Apr 20, 9:19pm -
• newCoronavirus impact: Logistics firms face hurdles in transporting cargo
  The most impacted have been truck drivers, who have had to bear the ire of the authorities and face stigma in their villages.
  - 22 hours ago 8 Apr 20, 9:14pm -
• newDirect benefit transfer need of the hour: Abhijit Banerjee, Esther Duflo
  Banerjee said that there was no need to immediate need to transfer all the money, but there should be assurance from the government about such transfer in future
  - 22 hours ago 8 Apr 20, 9:00pm -
• newOur Vande Mataram moment, says IndiGo as it offers relief flights for free
  The airline has a fleet of 219 Airbus A320 aircraft and 25 smaller ATR-72 jets which it can use to fly food and medicines to remote areas
  - 22 hours ago 8 Apr 20, 8:28pm -
• newWith no one to take them to mandis, most farm commodities fall below MSP
  Labour shortage, transport issues and mandi closure disrupt supply. A large part of the crop hasn't been harvested and risks rotting away
  - 23 hours ago 8 Apr 20, 8:21pm -
• newStop private labs from charging coronavirus testing fee, SC tells govt
  Government officials could not be reached for a comment
  - 23 hours ago 8 Apr 20, 8:17pm -
• newState govts draw in 1.4 mn NCC cadets to fight coronavirus pandemic
  Amongst those who have pressed the NCC into service is the deputy commissioner of Kangra district in HP, who has requisitioned 86 cadets to assist the police in ensuring social distancing till April 1
  - 23 hours ago 8 Apr 20, 8:12pm -
• newIDBI Bank plans to raise Rs 7,500 cr via rupee bond in current fiscal
  The Board of Directors, at its meeting held on Wednesday, April 8, 2020, has approved the rupee bond borrowing limit of Rs 7,500 crore for FY 2020-21 to be borrowed in one or more tranches
  - 23 hours ago 8 Apr 20, 8:04pm -
• newGovt unlikely to grant any package for industry to pay workers' salaries
  "The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.
  - 23 hours ago 8 Apr 20, 8:03pm -

IBN

• newGold Rises Slightly as Dollar Shows Signs of Weakness Amid Hope of Virus Reaching Its Peak
  Spot gold rose 0.1% to $1,647.94 per ounce by 0312 GMT, having hit a four-week high of $1,671.40 on Tuesday. U.S. gold futures were flat at $1,683.40 per ounce.
  - 7 hours ago 9 Apr 20, 11:52am -
• newTrade Cautiously in Around 480 Illiquid Stocks: BSE, NSE to Investors
  Illiquid stocks are those that cannot be sold easily because they see limited trading. These stocks pose higher risks to investors because it is difficult to find buyers for them as compared to frequently traded shares.
  - 8 hours ago 9 Apr 20, 11:20am -
• newRupee Rises 23 Paise to 76.11 Against US Dollar in Early Trade Amid Coronavirus Concerns
  The rupee registered a rise of 23 paise on Wednesday as investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as the global economy.
  - 8 hours ago 9 Apr 20, 10:55am -
• newDear Finance Minister, India May Need Budget 2.0 to Fight Against Post-Coronavirus Economic Challenges
  India's top five economists tell News18.com that the previous Union Budget presented on February 1 may not be sufficient to tackle the COVID-19 upheaval.
  - 8 hours ago 9 Apr 20, 10:49am -
• newSensex Soars Over 900 Points, Nifty Reclaims 9,000-mark; HDFC, Maruti, Bharti Airtel, Bajaj Finance Rise Over 5%
  HDFC was the top gainer in the Sensex pack, surging up to 5 per cent, followed by Maruti, Bharti Airtel, Bajaj Finance, Tata Steel, Hero MotoCorp and ICICI Bank.
  - 8 hours ago 9 Apr 20, 10:31am -
• newAs Delivery Workers Emerge as Frontline Soldiers, Govt Warms to e-commerce
  E-commerce is now limping back to life in India as the border closures, warehouse shutdowns and general confusion that initially accompanied the three-week shutdown order have eased.
  - 9 hours ago 9 Apr 20, 9:34am -
• newLufthansa Shuts Low-cost Airline, Says Aviation Won't Recover From Coronavirus Pandemic For Years
  Flight bans and nationwide lockdowns are threatening to bankrupt airlines around the world. Carriers have grounded thousands of planes, suspending short-term flight schedules and placing workers on unnpaid leave.
  - 10 hours ago 9 Apr 20, 8:49am -
• newRussia, Saudi Arabia to Debate Oil Output Cuts as US Resists Joining
  Donald Trump said last week a deal he had brokered with OPEC leader Saudi Arabia and Russia could lead to cuts of as much as 10-15 million barrels per day or 10-15% of global supplies, an unprecedented reduction.
  - 10 hours ago 9 Apr 20, 8:38am -
• newCentre Likely to Unveil Second Coronavirus Stimulus Worth Rs 1 Trillion to Help Small Firms
  Last month, India outlined a 1.7-trillion rupee economic stimulus plan providing direct cash transfers and food security measures to give relief to millions of poor hit by an ongoing 21-day nationwide lockdown.
  - 11 hours ago 9 Apr 20, 7:54am -
• newIndustrial Output Grows 4.5 Percent in February; Highest in 7 Months
  Factory output, as measured in terms of the Index of Industrial Production (IIP), had recorded a growth of 0.2 per cent in February 2019. It had registered a growth of 4.9 per cent in July 2019.
  - 12 hours ago 9 Apr 20, 6:34am -
• newRupee Recovers from Record Lows on Forex Inflows, Firm Stocks
  Forex traders said the rupee traded in a narrow range as gains in domestic equities supported the local unit amid lingering concerns over coronavirus outbreak in the country.
  - 12 hours ago 9 Apr 20, 6:24am -
• newWorld Faces The Worst Economic Fallout Since Last Century's Great Depression, Warns IMF Chief
  Kristalina Georgieva said that "global growth will turn sharply negative in 2020", with 170 of the International Monetary Fund's 180 members experiencing a decline in their per capita income.
  - 13 hours ago 9 Apr 20, 6:17am -
• newRBI Expects Rupee to Hover around 75 a Dollar; Indian Crude Basket to $35 Per Barrel in FY21
  The rupee came under intensified and sustained depreciation pressures from mid-January, reflecting a generalised weakening of emerging market currencies amid flights to safety, RBI said in its Monetary Policy Report.
  - 13 hours ago 9 Apr 20, 5:29am -
• newEMI Moratorium Fraud: Banks Asking Customers to be Alert, Not to Share OTP with Imposters
  Over the past few days, Axis Bank, State Bank of India and other banks have sent out SMSs and e-mails to their customers informing them about new modus operandi being adopted by fraudsters and cyber criminals.
  - 14 hours ago 9 Apr 20, 5:12am -
• newCoal India Offers Deferred Payment Option to Consumers Amid COVID-19 Lockdown
  The move has come at a time when reports suggest that power demand has declined due to the nationwide lockdown hitting cash flows of electricity distribution as well as generation companies.
  - 14 hours ago 9 Apr 20, 4:31am -

• newCOVID-19 Pandemic to Hit MSME Exporters More, Say Trade Experts
  Trade Promotion Council of India (TPCI) Chairman Mohit Singla said more than 100 per cent spike has been registered in demand for essential commodities such as rice, wheat and pulses in the current crisis.
  - 14 hours ago 9 Apr 20, 4:22am -
• newSensex Rallies Over 1,265 Points, Nifty Reclaims 9,100 level Amid COVID-19 Lockdown
  A Bank of America Securities report said the Centre may soon announce another fiscal package which may be almost similar to the Rs 1.75 lakh crore stimulus unveiled last month.
  - 15 hours ago 9 Apr 20, 4:08am -
• newCoronavirus Has 'Drastically Altered' India's Growth Outlook, Says RBI, Warns of Global Recession
  India's economy expanded at its slowest pace in more than six years in the last three months of 2019 and was projected to clock in full-year growth of 5% which would be the lowest in over a decade.
  - 15 hours ago 9 Apr 20, 3:51am -
• newJapan Will Pay Its Firms to Leave China, Relocate Production as Part of Coronavirus Stimulus Package
  As part of its economic stimulus package, Japan has earmarked $2.2 billion to help its manufacturers shift production out of China.
  - 16 hours ago 9 Apr 20, 2:50am -
• newIndia's Fuel Consumption Falls 18% as Coronavirus Eviscerates Energy Demand
  India's petroleum product consumption fell 17.79 per cent to 16.08 million tonnes in March as diesel, petrol and aviation turbine fuel (ATF) demand fell, according to official data released on Thursday.
  - 17 hours ago 9 Apr 20, 2:17am -
• newIndia's Inflation Likely Dropped to Four-month Low in March Amid Economic Slowdown Due to Covid-19: Poll
  According to the poll, inflation will continue to edge lower and food prices will drop due to due to the nationwide lockdown to curb the spread of coronavirus in India.
  - 17 hours ago 9 Apr 20, 1:59am -
• All Pending Income Tax Refunds up to Rs 5L to Be Released Immediately; 14L Taxpayers to Benefit
  The decision has been taken in the aftermath of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, said the Department of Revenue.
  - 1 day ago 8 Apr 20, 11:37am -
• HDFC Bank Cuts Lending Rate by 0.20% Amid Decline in Cost of Borrowing Across System
  The revised overnight MCLR stands at 7.60 per cent, while the one-year MCLR, to which a host of loans are linked, has been reviewed to 7.95 per cent.
  - 1 day ago 8 Apr 20, 11:19am -
• Rupee Slips 21 Paise to 75.85 against US Dollar in Early Trade
  The rupee opened weak at 75.83 at the interbank forex market and then fell further to 75.85, down 21 paise over its last close.
  - 1 day ago 8 Apr 20, 11:12am -
• Health Insurance Policies Premiums May Increase up to 25%, Says Report
  According to IRDAI's new guidelines, all exclusions in a health insurance cover will be completely standardised in accordance with the policy terms and conditions.
  - 1 day ago 8 Apr 20, 10:54am -
• Cadila Healthcare Shares Climb 35% in Three Days as USFDA Approves New Drug
  Cadila Healthcare shares shot up as much as 15% in early session on Wednesday, topping up the 15% and 5% gain seen in the previous two sessions.
  - 1 day ago 8 Apr 20, 10:48am -
• Sensex Drops Over 400 Points, Axis Bank & RIL Emerge As Top Losers Amid Weak Global Cues
  After hitting a low of 29,602.94, the 30-share BSE barometer pared most losses to trade 14.98 points or 0.05 per cent lower at 30,052.23.
  - 1 day ago 8 Apr 20, 10:43am -
• COVID-19: SAARC Trade Officials Decide to Work on Larger Framework for Boosting Intra-region Trade
  At an India-initiated video conference of SAARC leaders on March 15, Prime Minister Narendra Modi had suggested that the member nations of the bloc should come together to jointly fight against the pandemic.
  - 1 day ago 8 Apr 20, 10:32am -
• COVID-19: Finance Ministry Imposes Expenditure Restrictions on Non-essential Heads
  Departments like health and family welfare, pharma, food and public distribution and AYUSH will get funds as per the Budget, while others like fertilizer, post, road transport, petroleum, commerce and coal will face spending cuts.
  - 1 day ago 8 Apr 20, 9:32am -
• COVID-19 Pandemic Could Cause Deepest 'Economic Recession', Global Trade to Plunge in 2020, Says WTO
  The COVID-19 pandemic could provoke the deepest recession in living memory, World Trade Organisation chief Roberto Azevedo warned on Wednesday.
  - 1 day ago 8 Apr 20, 7:38am -
• States With Higher Number of COVID-19 Patients at Greater Risk of Fiscal Slippages: ICRA
  It said those state governments which have a larger portion of their revenue receipts dependent on GST compensation, face greater revenue and liquidity risk as collection from the cess would be adversely impacted during the year.
  - 1 day ago 8 Apr 20, 7:38am -
• FinMin Allows States to Borrow Rs 3.20 Lakh Crore From Market to Deal With COVID-19 Pandemic
  The move comes amid states' demand for higher funds from the Centre to meet the expenses in dealing with COVID-19 pandemic.
  - 2 days ago 8 Apr 20, 5:55am -
• India to Use Low Priced Oil from Saudi Arabia, UAE to Fill Strategic Reserves
  Oil Minister Dharmendra Pradhan had in the last few days held talks with his counterparts in Saudi Arabia and the UAE with a view to shoring up supplies.
  - 2 days ago 8 Apr 20, 5:47am -
• Sensex Ends 173 Points Lower, Nifty Sheds 43 Points Amid Coronavirus Outbreak
  TCS was the top loser in the Sensex pack, falling over 3 per cent, followed by Titan, ICICI Bank, SBI, ITC and Bharti Airtel.
  - 2 days ago 8 Apr 20, 5:29am -
• Adani Gas Slashes CNG And Piped Cooking Gas Prices in Line With Raw Material Rates
  The firm, which retails CNG to automobiles in some districts of Haryana, Gujarat, Rajasthan, Madhya Pradesh, and Uttar Pradesh, cut CNG rates between Rs 1.5 per kg to Rs 3.6 per kg. The rate of natural gas piped to household kitchens for cooking purposes has been cut by Re 1 per standard cubic meter (scm).
  - 2 days ago 8 Apr 20, 5:17am -
• Economists Pitch for Rs 3 Lakh Crore Additional Package to Tide Over COVID-19 Crisis
  The already sagging economic growth is expected to go down further due to the COVID-19 pandemic, which has led to a three-week lockdown across the country starting March 25.
  - 2 days ago 8 Apr 20, 4:39am -
• Goldman Sachs Estimates India's GDP Growth Rate at 1.6%, Predicts RBI Will Reduce Interest Rates
  The forecast further stated that India’s economy will likely contract in the first two quarters of the year as consumption plunges during a three-week lockdown to contain the coronavirus outbreak.
  - 2 days ago 8 Apr 20, 1:58am -
• Investor Wealth Jumps Rs 4.65 Crore in Morning Trade as Markets Recover
  The Sensex gained 1,439.12 points to a high of 29,030.07 after resuming trading on Tuesday.
  - 2 days ago 7 Apr 20, 12:57pm -
• Rupee Rises 26 Paise to 75.87 against US Dollar in Early Trade
  Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.
  - 2 days ago 7 Apr 20, 10:58am -
• Sensex Rallies over 1,300 Points; Nifty Reclaims 8,400 in Early Trade
  After hitting a high of 28,963.25, the 30-share BSE barometer was trading 1,127.57 points or 4.09 per cent higher at 28,718.52.
  - 2 days ago 7 Apr 20, 10:51am -
• India Takes US to WTO's Safeguard Committee for Hiking Duties on Steel, Aluminium Derivatives
  In April 2018, India had requested consultations with the US with respect to tariff increase on aluminum and steel imports imposed by the US through a presidential proclamation issued on 8 March 2018.
  - 2 days ago 7 Apr 20, 10:49am -
• Exporters to Raise Wages Issues & Factory Operations with Commerce Minister Piyush Goyal
  The minister will take stock of the situation and the issues which exporters are facing due to lockdown on account of coronavirus outbreak, an official said.
  - 2 days ago 7 Apr 20, 9:40am -
• Oil Prices Rebound on Hopes for Output Cut Deal
  Prices have fallen sharply since expectations for a quick deal to cut output levels were dashed, but the rescheduling to Thursday of a meeting of major crude producers boosted sentiment.
  - 2 days ago 7 Apr 20, 9:00am -
• Coronavirus Lockdown Impact: Indian Economy Likely to See Only 2% Growth in 2021
  Icra said the nationwide lockdown announced to contain the coronavirus outbreak has impacted industries and their operations have come to a standstill.
  - 2 days ago 7 Apr 20, 7:53am -
• UAE Assures Additional Supplies to Meet Free LPG Demand of India
  Oil Minister Dharmendra Pradhan said he spoke to UAE Minister and Abu Dhabi National Oil Co (Adnoc) chief executive Sultan Ahmed Al Jaber.
  - 2 days ago 7 Apr 20, 7:16am -
• India's Small Businesses Struggle to Pay Wages amid Coronavirus Lockdown
  India's unemployment rate rose to 10.4% this week from 7.2% in early February, according to estimates by Centre for Monitoring Indian Economy, a Mumbai-based private think-tank.
  - 2 days ago 7 Apr 20, 7:05am -
• Centre May Require Additional Rs 5 Lakh Crore to Support Economy Hit Hard by COVID-19: Ex-fin Secy
  Former finance secretary Subhash Chandra Garg said the government should make a departure from the past to help businesses, especially the small and own-account businesses that are likely to fold up if not helped with grant support.
  - 2 days ago 7 Apr 20, 6:54am -
• SBI Cuts Savings Rate by 25 bps to 2.75 Percent
  In view of adequate liquidity in the system, SBI realigned its interest rates on Savings Bank Deposits, with effect from April 15, 2020, SBI said in a statement.
  - 3 days ago 7 Apr 20, 6:47am -
• Enough Capacity in India to Meet Hydroxychloroquine Demand: Industry
  The production capacity is sufficient to meet the current demand. If the need arises, the companies are committed to ramp up production, Indian Pharmaceutical Alliance (IPA) Secretary General Sudarshan Jain added.
  - 3 days ago 7 Apr 20, 5:50am -
• RBI Relaxes Overdraft Facility Norms for States and Union Territories
  In a circular, the central bank said it has permitted 'greater space' to state governments/ Union Territories for availing overdraft facilities.
  - 3 days ago 7 Apr 20, 4:33am -
• Sensex Zooms 2,476 Points to Reclaim 30,000 Level, Nifty Rallies 708 Points
  After soaring 2,567 points during the day, the 30-share BSE barometer ended 2,476.26 points or 8.97 per cent higher at 30,067.21. In percentage terms, the Sensex rise was the biggest since May 2009.
  - 3 days ago 7 Apr 20, 4:27am -
• Production at SAIL, Tata Steel Plants Down by 50 % Amid Virus Lockdown, Say Sources
  State-owned Steel Authority of India Ltd (SAIL) and private player Tata Steel both contribute about 20 per cent to India's total steel production.
  - 3 days ago 7 Apr 20, 2:50am -
• Gold Falls from One-Month High as Stocks Gain on Virus Slowdown Hopes
  Spot gold fell 0.5 per cent to $1,654.26 per ounce by 0735 GMT, after rising to a one-month high of $1,671.40 earlier in the session. The metal had risen as much as 2.8 per cent on Monday.
  - 3 days ago 7 Apr 20, 1:51am -
• Lupin Shares Surge 7.7% After Launch of Generic Drug in US Market
  The new tablets — the generic version of Novartis Pharmaceuticals Corp’s Myfortic delayed-release tablets — are used to prevent organ rejection in patients receiving kidney transplants.
  - 3 days ago 7 Apr 20, 1:27am -
• Next 2-3 Weeks to be Testing Time for FMCG Cos Amid Supply Chain Disruption Challenges: Study
  The coming two to three weeks would be a testing ground on how supply chains are able to keep pace with this temporary rise in consumption, said KPMG in its report titled 'Potential impact of COVID-19 on the Indian economy'.
  - 3 days ago 6 Apr 20, 11:20am -
• SBI Pegs FY21 Growth at 2.6% Amid Disruptions Due to Lockdown, Says Govt Must Monetise Deficit
  The nation is on three-week lockdown ending April 14, which many now feel will have to be extended as more and more coronavirus infections getting reported from across the country.
  - 3 days ago 6 Apr 20, 11:13am -
• All life Insurance Companies to Process Covid-19 Death Claims: Industry Body
  The clause of 'force majeure' will not apply in case of Covid-19 death claims, the apex lobby of the life insurance companies said in a statement.
  - 3 days ago 6 Apr 20, 10:48am -
• Share Profits From Low Crude Oil Prices With People Amid COVID-19 Pandemic: Cong Tells Govt
  The need of the hour and immediate necessity is to share a part of this profit made by the government in the last six years, Congress spokesperson Abhishek Singhvi said.
  - 3 days ago 6 Apr 20, 10:43am -
• Oil Slips on Oversupply Fears, but Stocks Jump on Virus Slowdown Hopes
  Brent crude fell as much as $4 after Saudi Arabia and Russia postponed their meeting, initially scheduled for Monday, to Thursday even as the virus pandemic pummels demand.
  - 3 days ago 6 Apr 20, 9:49am -
• India's March Gold Imports Hit 6.5-Year-Low on Record Price, Says Govt Source
  The world's second biggest consumer of the precious metal imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago, the source said, who is not authorised to speak to the media.
  - 3 days ago 6 Apr 20, 9:33am -
• Petrol Sales Shrink 15.5%, Diesel 24% in March as Lockdown Wipes Demand
  Also, aviation turbine fuel (ATF) sales fell by 31 per cent as flights got suspended alongside the shutting of businesses and most vehicular traffic going off-road.
  - 4 days ago 6 Apr 20, 3:47am -
• Coronavirus Pandemic Pulls India's Service Sector Activity into Contraction Mode
  The IHS Markit India Services Business Activity Index was at 49.3 in March, down from February's 85-month high of 57.5, as the new coronavirus pandemic pulled the service sector into contraction.
  - 4 days ago 6 Apr 20, 2:38am -
• PepsiCo Commits 25,000 Covid-19 Testing Kits, Over 5 Million Meals to India
  These testing kits will be deployed across public and private healthcare laboratories identified by the government to scale up access to Covid-19 testing, the company said.
  - 4 days ago 6 Apr 20, 2:11am -
• India's Top Seven Firms Lose Nearly Rs 3 Lakh Cr in M-cap; TCS, HDFC Bank Take Biggest Hit
  The market capitalisation of Tata Consultancy Services tumbled Rs 61,614.15 crore to Rs 6,20,794.53 crore as the coronavirus pandemic wreaked havoc on global financial markets.
  - 4 days ago 5 Apr 20, 11:28am -
• Wall Steet Week Ahead: Investors Look to Coronavirus Data to Support Stabilizing Markets
  Fewer US stocks are hitting new 52-week lows. Liquidity in fixed-income markets has improved, and credit spreads, while still wide, have come in from their March highs.
  - 4 days ago 5 Apr 20, 7:53am -

Live Mint - Money

• Covid-19 lockdown on storage vaults presents problems for gold ETFs
  Physical market participants also noted the effect of coronavirus-related restrictions on gold trading
  - 9 days ago 31 Mar 20, 10:12pm -
• Small savings schemes like PPF, NSC and SSCS see big cuts in rates
  Rates of these schemes have been slashed by between 70 bps and 140 bps for the April-June quarter.Those who depend primarily on the income from these fixed instruments, may need to revisit their portfolio
  - 9 days ago 31 Mar 20, 9:44pm -
• Policyholders get an extension on insurance premiums due in March
  The regulator has asked life insurance companies to allow a one month extension on premiums due in the month of March 2020.Health insurers have been asked to accept a delay in policy renewals up to 30 days without deeming the same as a break in policy
  - 17 days ago 23 Mar 20, 9:42pm -
• Mutual fund new folios jump 50% in Covid market correction
  The fall of about 30% in the markets in the first two weeks of March allowed investors to take advantage of lower stock prices.To be sure, a single investor can have multiple folios and the 50% jump does not mean that the number of new investors has jumped by 50%
  - 21 days ago 19 Mar 20, 6:58pm -
• How Yes Bank's relationship managers sold its AT1 bonds to retail investors
  A small portion of the estimated ₹10,000 crore AT1 bonds issued by the bank are also held by individual investors.Many of the investors are guilty of believing that the bonds are as safe as FDs and will give better returns
  - 32 days ago 8 Mar 20, 6:56pm -
• Airtel Payments Bank rolls out Aadhaar-enabled payment system
  Airtel Payments Bank customers can also do financial transactions at any Aadhaar-enabled payment system.One can make a transaction with just Aadhaar number without revealing bank account or debit card details
  - 42 days ago 27 Feb 20, 4:21pm -
• PFRDA plans alternative to compulsory annuity in NPS
  There are two proposals in the works that the PFRDA will put forth to the finance ministry after the feedback it received from subscribers.One of the options that PFRDA is working on is introducing a Systematic Withdrawal Plan (SWP) for NPS subscribers on maturity as an additional option.
  - 43 days ago 26 Feb 20, 6:14pm -
• Why Indians need to invest in the world
  In the last 9 months, the Indian equity market has been underperforming global assets. Therein lies an opportunity.Investors can diversify out of Indian equities into debt and global assets via RBI’s Liberalised Remittance Scheme or even with exchange-traded funds in India, against rupee payment
  - 44 days ago 25 Feb 20, 11:06pm -

Zee Business

• newIMF chief warns of worst recession since 1930, seeks more fiscal stimulus to prevent economic 'scarring' from COVID-19 crisis
  In a blog message posted on the IMF website, Georgieva said, “The year 2020 could see worst global economic fallout since the Great Depression in the 1930s.’’
  - 38 mins ago 9 Apr 20, 6:13pm -
• newGovernment may soon announce second stimulus package worth over Rs 1 lakh crore: Report
  The new package should focus on interest rate subventions to medium businesses, sops for the troubled reality sector and also state-run banks' recapitalisation, Bank of America Securities said.
  - 1 hour ago 9 Apr 20, 5:35pm -
• newSensex surges 1,265.66 points, Nifty ends above 9000; Maruti Suzuki, M&M, Cipla major gainers
  Major gainers on the Nifty were Maruti Suzuki, M&M, Cipla, Tata Motors and Titan Company while HUL, Tech Mahindra, Dr Reddy's Lab, and IndusInd Bank were the top laggards.
  - 3 hours ago 9 Apr 20, 3:48pm -
• newIndia's GDP growth for FY21 projected at 4.8% amid COVID-19 impact on global economy: UN report
  India's GDP growth for the fiscal year 2019-2020 was estimated at 5 per cent and is forecast to slow down to 4.8 per cent for the current fiscal 2020-21. Economic growth for the country could stand at 5.1 per cent for the fiscal year 2021-22, the report said.
  - 4 hours ago 9 Apr 20, 2:47pm -
• newSensex gains 748.97 points, Nifty above 8,900, all sectoral indices advance
  Indian benchmark indices opened in green on Thursday (April 9) with the Sensex advacning 748.97 points or 2.51% at 30642.93, and the Nifty zooming up 217.45 points or 2.49% at 8966.20. About 764 shares advanced, 82 shares declined, and 25 shares are unchanged.
  - 9 hours ago 9 Apr 20, 9:35am -
• newGovernment changes expenditure pattern for Q1 FY20-21, categorises ministerial departments
  Under the guidelines, the government will control its expenditure in the first quarter (April to June 2020) of this financial year.
  - 21 hours ago 8 Apr 20, 10:09pm -
• newIncome Tax refunds up to Rs 5 lakh to be released for 14 lakh taxpayers amid coronavirus COVID-19 lockdown
  The government will also issue pending GST and customs refunds of Rs 18,000 crore to provide relief to business entities.
  - 22 hours ago 8 Apr 20, 8:28pm -
• Good News: Tata Motors focuses on supply of essentials to communities affected by COVID-19 lockdown
  Tata Motors on Wednesday said it is focusing on the supply of essentials to the communities most affected the COVID-19 lockdown by facilitating the production of protective gear and medical kits to curb the spread of COVID-19 as part of its CSR initiative.
  - 1 day ago 8 Apr 20, 4:57pm -
• Sensex down 173.25 points, Nifty settles at 8748.75; Vedanta, Sun Pharma, Cipla major gainers
  The Indian rupee also settled 70 paise lower at 76.34 (provisional) against the US dollar today amid rise in coronavirus cases in the country and weak domestic equities. 
  - 1 day ago 8 Apr 20, 3:45pm -
• Coronavirus COVID-19: CII submits recommendations to Centre on lifting the shutdown in a safe and calibrated manner
  Confederation of Indian Industry (CII) on Wednesday (April 8) submitted its recommendations on the graded re-start of economic activities after the end of 21-day lockdown imposed by Prime Minister Narendra Modi on April 14.
  - 1 day ago 8 Apr 20, 2:30pm -
• Sensex falls 270 points, Nifty at 8,713; HDFC, Gail gain
  Indian benchmark indices opened in red on Wednesday (April 8) with the Sensex losing 271.60 points or 0.90% at 29795.61, and the Nifty plunging 78.85 points or 0.90% at 8713.35. 
  - 1 day ago 8 Apr 20, 9:35am -
• SBI cuts MCLR by 35 bps by April 10; less EMI on 30-year loan amount
  The one-year MCLR comes down to 7.40 per cent per annum from 7.75 per cent per with effect from April 10, 2020, it said, adding that the one-year tenor is the benchmark against which most of the consumer loans are priced.
  - 2 days ago 7 Apr 20, 7:52pm -
• EMI moratorium: Beware! Fraudsters may siphon money from your bank account
  The RBI provided this facility to defer EMI payment but online fraudsters are active to cheat people amid the lockdown. 
  - 2 days ago 7 Apr 20, 6:47pm -
• SpiceJet operates India’s first cargo-on-seat flight to carry vital supplies from Delhi to Chennai
  The airline is stated to have taken due approvals from the Directorate General of Civil Aviation (DGCA) and the Ministry of Civil Aviation and then deployed a Boeing 737 NG aircraft for this purpose.
  - 2 days ago 7 Apr 20, 4:53pm -
• Sensex soars 2,476.26 points, Nifty settles at 8,792.20; IndusInd Bank, Axis Bank major gainers
  Equity benchmark indices on Tuesday (April 7) ended on a positive note with the Sensex up 2,476.26 points or 8.97% at 30067.21, while the broader Nifty was up 708.40 points or 8.76% at 8792.20. Major gainers on the Nifty were IndusInd Bank, Axis Bank, Hindalco, and M&M. All the sectoral indices ended higher with Nifty Bank and Nifty Pharma rose over 10 percent.
  - 2 days ago 7 Apr 20, 3:51pm -

• WhatsApp tightens limit on message forwarding to curb spread of COVID-19 misinformation
  The company said it believes it is important to slow the spread of these messages to keep WhatsApp a place for personal conversation.
  - 2 days ago 7 Apr 20, 2:37pm -
• Gold eases from one-month high as dollar firms on coronavirus slowdown hopes
  Spot gold was down 0.2% to $1,658.10 per ounce, as of 0353 GMT, after rising to a one-month high of $1,671.40 earlier in the session. The metal rose as much as 2.8% on Monday.
  - 2 days ago 7 Apr 20, 12:55pm -
• Sensex gains over 1,200 points, Nifty above 8,400
  Indian equity benchmark indices opened in green on Tuesday with the Sensex advancing 1,224.05 points or 4.44% at 28,815.00, and the Nifty gaining 338.90 points or 4.19% at 8,422.70. About 766 shares have advanced, 93 shares declined, and 35 shares were unchanged.
  - 2 days ago 7 Apr 20, 9:32am -
• Government open to suggestions for better implementation of Vivad Se Vishwas scheme: CBDT chief PC Mody
  The CBDT chairman clarified the doubts by answering frequently asked questions and said that no scheme could be conceived with all the perfections, so also could be this scheme. 
  - 3 days ago 7 Apr 20, 12:16am -
• India's March gold imports plunge to a new low on record price: Sources
  The world's second-biggest consumer of the precious metal imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago, the source said, who is not authorised to speak to the media.
  - 3 days ago 6 Apr 20, 8:30am -