• Covid-19 lockdown: Fuel demand likely to slip 40% in April, says report

  India is the world's third-largest energy consumer but the Covid-19 lockdown has shut businesses, suspended flights, stopped trains and brought almost the entire vehicular movement to a halt
  36 minutes ago — Business Standard
  • Covid-19 impact: Indian economy likely to grow 2% in FY21, says Icra 36 minutes ago — Business Standard

• MARKET WRAP: Sensex ends 173 pts lower after choppy session; banks slip

  All that happened in markets today
  36 minutes ago — Business Standard
  • MARKET LIVE: Sensex slips 150 pts, Nifty below 8,800; banks, IT stocks fall 36 minutes ago — Business Standard
  • MARKET LIVE: Sensex slips 200 pts, Nifty tests 8,750; banks, IT stocks fall 36 minutes ago — Business Standard
  • MARKET LIVE: Sensex, Nifty erase gain; broader indices outperform 36 minutes ago — Business Standard
  • MARKET LIVE: Sensex, Nifty off day's high; auto, pharma stocks gain 36 minutes ago — Business Standard
  • MARKET LIVE: Sensex surges 600 pts, Nifty around 9k; HDFC twins gain 36 minutes ago — Business Standard
  • MARKET LIVE: Sensex stages sharp recovery, up 500 pts; pharma stocks rally 36 minutes ago — Business Standard
  • MARKET LIVE: Sensex down 300 points in pre-open, Nifty below 8,700 36 minutes ago — Business Standard
  • Dow Jones, S&P 500 end marginally lower after a volatile session 36 minutes ago — Business Standard

• PM Modi Interacts With Floor Leaders Of Political Parties On Coronavirus; Says Lockdown Will Not Be Lifted In One Go, Will Consult Chief Ministers

  The states have favoured the extension of the nationwide lockdown to contain the fast-spreading virus.
  39 minutes ago — Bloomberg Quint
  • Modi interacts with political leaders as buzz to extend lockdown grows 39 minutes ago — Business Standard
  • PM Modi to discuss Covid-19 shutdown with Parliament floor leaders today 39 minutes ago — Business Standard
  • No cold turkey start: Experts want phased exit from coronavirus lockdown 39 minutes ago — Business Standard
  • India's small businesses struggle to pay wages amid coronavirus lockdown 39 minutes ago — Reuters

• Sensex ends 173 points lower, Nifty sheds 43 points

  Equity benchmark Sensex ended over 173 points lower on Wednesday after a highly volatile session as investors remained jittery on concerns over the C
  39 minutes ago — The Hindu Business

• Inox Joins PVR To Invoke Force Majeure

  “We have written letter to our landlords saying that there is zero income and so not in a position to pay rent”: Alok Tandon
  48 minutes ago — Bloomberg Quint

• EU ministers fail to agree virus economic rescue in all-night talks

  European Union finance ministers failed to agree in all-night talks on more support for their coronavirus-hit economies and their chairman said on Wednesday morning he was suspending the discussions until Thursday.
  49 minutes ago — Reuters
  • EU ministers hope to agree to half a trillion euro coronavirus rescue 49 minutes ago — Reuters

• Remuneration Paid To Directors To Attract GST: Authority For Advance Ruling

  The company said its directors are working as employees and are being compensated by way of a regular salary and allowances.
  51 minutes ago — Bloomberg Quint

• Centre to release another Rs 34,000 cr GST compensation to states soon

  States, so far, have been paid pending dues till November and the remaining will be cleared in phases soon
  51 minutes ago — Business Standard
  • Govt set to release Rs 20,000 cr pending GST compensation to states soon 51 minutes ago — Business Standard

• Ministry wants power plants to keep buying coal despite weak demand

  Electricity consumption slumped 21.3% in the first two weeks of the lockdown ended April 7, compared with the first three weeks of March, according to government data
  59 minutes ago — Business Standard
  • India's coal ministry wants power plants to keep buying coal despite weak demand 59 minutes ago — Reuters

• Novavax to start human trial for novel coronavirus vaccine

  Novavax Inc said on Wednesday it had identified a novel coronavirus vaccine candidate and would start human trials in mid-May.
  1 hour ago — Reuters
  • BOJ to scale back some operations amid coronavirus pandemic 1 hour ago — Reuters
  • Tata Trusts, private firm join hands to roll out coronavirus testing kits 1 hour ago — Business Standard
  • Mumbai company partners with Tata Trusts for 1-hour coronavirus testing kit 1 hour ago — Business Standard

• German economy likely shrank by record 9.8% in second quarter due to coronavirus, institutes say

  The German economy, Europe's largest, probably shrank by 9.8% in the second quarter, its biggest decline since records began in 1970, due to measures imposed to slow the spread of the coronavirus, Germany's leading think tanks said on Wednesday.
  1 hour ago — Reuters
  • German economy likely shrank by record 9.8% in second quarter due to coronavirus - institutes 1 hour ago — Reuters

• AIIMS issues guidelines on how to reuse PPE amid falling medical stocks

  According to the AIIMS guidelines, the decontamination of PPE kits for the purpose of reuse is currently not recommended, primarily because of concerns that it would degrade the performance
  1 hour ago — Business Standard

• Donations pour in but India's 'PM CARES' coronavirus fund faces criticism

  Indian Prime Minister Narendra Modi is facing criticism for creating a new coronavirus relief fund when about $500 million was lying unspent in an older fund, even as top businesses and celebrities pledge millions of dollars in new donations.
  1 hour ago — Reuters

• Sebi asks 10 entities to make open offer to Mindvision Capital's shareholders

  The entities have been asked to make the open offer within 45 days from April 15.
  1 hour ago — Economic Times

• Sensex Ends Volatile Session 173 Points Lower As Coronavirus Fears Linger

  Domestic stock markets finished a volatile session on Wednesday with mild losses tracking cautious trade in global peers amid rising cases of coronavirus around the world. The BSE Sensex index moved...
  1 hour ago — NDTV Business
  • BOJ to scale back some operations amid coronavirus pandemic 1 hour ago — Reuters
  • Global Markets: Hopes of progress against virus lift stocks, weigh on dollar 1 hour ago — Reuters

• HDFC, REC Bond Issues Show Edginess In Primary Debt Markets Persists

  The response to two companies that tested the markets this week suggests that appetite remains low and risk aversion remains high.
  1 hour ago — Bloomberg Quint

• Coronavirus LIVE updates: UP to seal off 'hotspots' in 15 districts

  Stay tuned to Business Standard for Coronavirus LIVE updates
  1 hour ago — Business Standard
  • Coronavirus LIVE updates: Uttar Pradesh to seal off 15 districts tonight 1 hour ago — Business Standard
  • Coronavirus LIVE updates: India cases rise to 5,360; death toll at 164 1 hour ago — Business Standard
  • Coronavirus LIVE: Maharashtra sees 60 new cases, 51 in Delhi, Gujarat 179 1 hour ago — Business Standard
  • Coronavirus LIVE: PM Modi, CMs to decide on lockdown extension on April 11 1 hour ago — Business Standard
  • Coronavirus LIVE: US cases cross 400,000-mark; global tally hits 1,430,516 1 hour ago — Business Standard
  • Coronavirus LIVE: 400 mn Indian workers may sink into poverty, says ILO 1 hour ago — Business Standard
  • Coronavirus LIVE: France toll exceeds 10,000; New York sees 731 new deaths 1 hour ago — Business Standard
  • Coronavirus LIVE: New York suffers deadliest day with 731 new fatalities 1 hour ago — Business Standard
  • Coronavirus LIVE: India cases cross 5,000 mark, death toll hits 150 1 hour ago — Business Standard
  • Coronavirus LIVE: Rs 50 lakh insurance cover for health workers announced 1 hour ago — Business Standard
  • Coronavirus LIVE: Maharashtra cases top 1,000; India death toll at 124 1 hour ago — Business Standard
  • Coronavirus LIVE: Maharashtra cases top 1000, India death toll at 124 1 hour ago — Business Standard
  • Coronavirus LIVE: India reports 354 new cases in 24 hrs, death toll at 117 1 hour ago — Business Standard
  • Coronavirus LIVE: India cases at 4421, global death toll tops 75000 1 hour ago — Business Standard

• Coronavirus: Parts of 15 UP districts to be sealed, govt to ensure supplies

  The parts sealed are "hotspots"-places reporting high number of coronavirus cases
  1 hour ago — Business Standard
  • Coronavirus LIVE updates: Uttar Pradesh to seal off 15 districts tonight 1 hour ago — Business Standard

• Covid-19: Govt widens powers of two cabinet panels to meet economic crisis

  The move is designed to address key concerns of dwindling exports, growth slowdown and joblessness, which have been exacerbated by the spread of the pandemic
  1.5 hours ago — Business Standard

• Once a top wealth creator, analysts see no end to this sector’s woes

  So far in 2020, all the 14 components of this sector have lost at least 10 per cent value.
  1.5 hours ago — Economic Times

• Goldman Sachs slashes India's FY21 real GDP growth forecast to 1.6%

  While the fiscal easing so far has been limited, they do expect more fiscal measures by the central and the state governments.
  1.5 hours ago — Business Standard

• Indian white sugar exports at near standstill as lockdown bites

  India's white sugar shipments have been brought to a near standstill by the coronavirus lockdown, depriving the global market of key supplies after a poor harvest in Asia's top exporter Thailand.
  1.5 hours ago — Reuters

• SC asks govt to prevent pvt labs from charging high fee for Covid-19 tests

  The Supreme Court also suggested that the government should reimburse the fees charged by labs
  1.5 hours ago — Business Standard

• EasyJet founder continues battle over $5.5 billion Airbus order

  EasyJet founder Stelios Haji-Ioannou continued his battle to force the British airline to cancel an order for 107 Airbus planes, making a new demand on Wednesday for a shareholder vote and threatening to sue its directors.
  1.5 hours ago — Reuters

• EU to adopt pan-European approach on mobile apps to fight coronavirus

  The European Union will on Wednesday adopt a pan-European approach on the use of mobile applications to track the spread of the coronavirus, according to a European Commission document seen by Reuters.
  1.5 hours ago — Reuters
  • BOJ to scale back some operations amid coronavirus pandemic 1.5 hours ago — Reuters
  • EU ministers hope to agree to half a trillion euro coronavirus rescue 1.5 hours ago — Reuters

• Exclusive: BOJ to project economic contraction as pandemic damage deepens - sources

  The Bank of Japan is likely to make a rare projection this month that the world's third-largest economy will shrink this year, as the coronavirus pandemic threatens to push the country deep into recession, sources familiar with its thinking said.
  1.5 hours ago — Reuters

• Trending stocks: Shares of ABB India gain 0.7%

  The stock quoted a 52-week high of Rs 1670.0 and a 52-week low of Rs 812.0.
  1.5 hours ago — Economic Times
  • Trending stocks: Wipro stock gains 2% 1.5 hours ago — Economic Times

• Share market update: IT shares mixed; HCL Tech gains 3%

  The Nifty IT index was trading 0.41 per cent down at 12537.7.
  2 hours ago — Economic Times
  • Share market update: Auto shares gain; Ashok Leyland jumps 10% 2 hours ago — Economic Times
  • Share market update: FMCG shares trade higher; United Spirits gains 3% 2 hours ago — Economic Times
  • Share market update: Realty shares dip; Sobha slips 5% 2 hours ago — Economic Times
  • Share market update: Pharma shares advance; Cadila Healthcare jumps 15% 2 hours ago — Economic Times
  • Share market update: Bank shares slip; Federal Bank down 4% 2 hours ago — Economic Times
  • Trending stocks: Bosch share price climbs 3% 2 hours ago — Economic Times
  • Stock market update: 42 stocks hit 52-week lows on NSE 2 hours ago — Economic Times
  • Share market update: Future Consumer, Suyog Telematics among top losers on BSE 2 hours ago — Economic Times
  • Share market update: Bandhan Bank, Alkem Labs among top gainers on BSE 2 hours ago — Economic Times
  • Trending stocks: JSW Energy shares up 1% as Nifty surges 2 hours ago — Economic Times
  • Trending stocks: MCX shares climb over 5% in early session 2 hours ago — Economic Times
  • Trending stocks: Vedanta stock price jumps 6% 2 hours ago — Economic Times
  • Trending stocks: IRCTC share price gains 5% as Nifty surges 2 hours ago — Economic Times
  • Trending stocks: Au Small Finance Bank share price down 3% 2 hours ago — Economic Times
  • Trending stocks: Vodafone Idea share price gains 2 % 2 hours ago — Economic Times
  • Trending stocks: IndusInd Bank share price surges 11% 2 hours ago — Economic Times

• Centrica's British Gas to furlough 3,800 employees

  Britain's largest energy supplier British Gas will furlough around 3,800 employees as the coronavirus pandemic forces the company to scale back operations, parent Centrica said on Wednesday.
  2 hours ago — Reuters

• Rupee Depreciates, Sinks Below 76 Against Dollar Amid Coronavirus Crisis

  Rupee Vs Dollar (INR Vs USD) Today: At this level, the rupee is down 6.98 per cent against the dollar so far this year.
  2 hours ago — NDTV Business

• Iran presses for IMF loan; some business to stay shut despite easing

  President Hassan Rouhani pressed harder on Wednesday for a $5 billion emergency IMF loan Iran has sought to fight the Middle East's worst coronavirus outbreak, saying the Fund would be guilty of discrimination if it withholds the money.
  2 hours ago — Reuters
  • Iran's Rouhani urges IMF to give Tehran its requested loan amid coronavirus 2 hours ago — Reuters

• Swedbank sees first-quarter loss on Baltic fine, coronavirus hit

  Swedbank will report its first quarterly loss since 2009, as it braces for both coronavirus-related credit losses and a fine for poor anti-money laundering controls, the Swedish bank said on Wednesday.
  2 hours ago — Reuters

• Attractive value bets available in every pocket of the market: Sailesh Raj Bhan

  Retail investors are far more resilient than before, says Deputy CIO at Nippon India Mutual Fund.
  2 hours ago — Economic Times

• China investors flock to money market funds despite record low yield

  Chinese investors have poured cash into money market funds despite falling yields on the low-risk instruments as authorities enact powerful monetary easing to combat the impact of the coronavirus epidemic.
  2 hours ago — Reuters

• Time to have faith in SIPs more than ever before: Ashwani Bhatia

  This disruption has been sudden, but we will get over it in 3-6 months, says MD & CEO, SBI Mutual Fund.
  2 hours ago — Economic Times

• Soon, Your SBI Savings Deposit Will Fetch Lower Return

  In May last year, SBI had linked its large savings deposits rates to the RBI's repo rate.
  2 hours ago — NDTV Business

• Oil holds near $32 ahead of OPEC-led talks on output cuts

  Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic.
  2 hours ago — Reuters
  • Oil rises as markets eye OPEC, Russia meeting on output cuts 2 hours ago — Reuters
  • Oil Prices Jump On Hopes For OPEC, Russia Meeting On Output Cuts 2 hours ago — NDTV Business
  • U.S. pushes back on call by OPEC+ to join big oil output cuts 2 hours ago — Reuters
  • Oil rises as hopes build for global production cut 2 hours ago — Reuters

• LIC is buying stocks available at good valuation on a daily basis: MD

  We do not see any reason for a major shift in our IPO agenda, says Vipin Anand.
  2 hours ago — Economic Times

• ECB urges measures worth 1.5 trillion euros this year to tackle virus crisis - sources

  The European Central Bank told euro zone finance ministers that the bloc may need fiscal measures worth up to 1.5 trillion euros ($1.6 trillion) this year to tackle the economic crisis caused by the COVID-19 epidemic, officials told Reuters.
  2 hours ago — Reuters
  • EU ministers hope to agree to half a trillion euro coronavirus rescue 2 hours ago — Reuters

• Honda back to work in China's Wuhan with temperature checks and masks

  Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co's reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor.
  2.5 hours ago — Reuters

• Two Nifty stocks hit all-time highs despite nationwide lockdown

  HUL’s market capitalisation gained by over Rs 63,000 crore on Tuesday to Rs 5.29 lakh crore.
  2.5 hours ago — Economic Times

• Germany tightens rules on foreign takeovers - sources

  Germany's government agreed on Wednesday to tighten rules to protect domestic firms from unwanted takeovers by investors from non-European Union countries, two government sources said.
  2.5 hours ago — Reuters

• Global stocks turn negative as virus death toll mounts

  World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree a rescue package to help economies recover from the impact of the outbreak.
  2.5 hours ago — Reuters
  • Global Markets: Hopes of progress against virus lift stocks, weigh on dollar 2.5 hours ago — Reuters
  • EU ministers hope to agree to half a trillion euro coronavirus rescue 2.5 hours ago — Reuters

• Buy IndusInd Bank, target price Rs 800: Motilal Oswal

  The brokerage expects the bank to deliver FY21E RoA/RoE (return on assets/return on equity) of 1.6 per cent/13.7 per cent.
  2.5 hours ago — Economic Times
  • Sell Sanghi Industries, target price Rs 16.6: YES Securities 2.5 hours ago — Economic Times
  • Buy ACC, target price Rs 1,520: ICICI Securities 2.5 hours ago — Economic Times
  • Neutral on PNB Housing Finance, target price Rs 190: Motilal Oswal 2.5 hours ago — Economic Times
  • Buy HDFC Bank, target price Rs 1,150: Motilal Oswal 2.5 hours ago — Economic Times
  • Buy Ashok Leyland, target price Rs 90: Kotak Institutional Equities 2.5 hours ago — Economic Times

• Gold rises on coronavirus worries, firm dollar limits gains

  US gold futures rose 0.4 per cent to $1,689.80.
  2.5 hours ago — Economic Times
  • London copper eases as pandemic hits demand, supply worries limit losses 2.5 hours ago — Economic Times
  • Gold rate today eases on profit booking amid rise in equities 2.5 hours ago — Economic Times
  • Gold eases on firmer dollar, coronavirus slowdown signs 2.5 hours ago — Economic Times
  • Dow Jones jumps 850 pts on coronavirus slowdown hopes 2.5 hours ago — Economic Times

• PM Modi Is ‘Great’, Says Donald Trump After India Allows Hydroxychloroquine Exports To U.S.

  A sizeable chunk of the 29 million doses of hydroxychloroquine bought by the U.S. to combat the coronavirus pandemic is from India
  2.5 hours ago — Bloomberg Quint
  • India Says Can Ramp Up Production Of Hydroxychloroquine To Meet Demand 2.5 hours ago — Bloomberg Quint

• Wheat drops for 2nd session on strong US crop outlook, easing demand

  Corn rose on the back of firmer oil prices although a decline in demand for the grain-based fuel ethanol capped gains.
  2.5 hours ago — Economic Times

• Mumbai set to extend coronavirus lockdown - sources

  India's financial hub Mumbai is set to extend lockdown measures until at least April 30 as authorities race to expand testing to stem the spread of coronavirus cases in the city, three senior officials said.
  2.5 hours ago — Reuters

• Balrampur Chini extends gain as Icra reaffirms rating; soars 74% in 9 days

  While the current lockdown is likely to result in some slowdown in demand from institutional customers, a significant impact on the operating performance appears unlikely, the rating agency said.
  2.5 hours ago — Business Standard

• Coronavirus impact: Investor outreach programmes see spike in March

  Companies have reached out at a higher rate than before to assuage investors
  2.5 hours ago — Business Standard
  • Coronavirus impact: Ipca, Cadila Healthcare stocks gain on India's HCQ move 2.5 hours ago — Business Standard

• Trending stocks: DMart share price surges 5%

  Shares of Avenue Supermarts Ltd. traded 5 per cent up in trade at 01:49 pm on Wednesday .
  2.5 hours ago — Economic Times
  • Trending stocks: Bosch share price climbs 3% 2.5 hours ago — Economic Times
  • Share market update: Bandhan Bank, Alkem Labs among top gainers on BSE 2.5 hours ago — Economic Times
  • Trending stocks: JSW Energy shares up 1% as Nifty surges 2.5 hours ago — Economic Times
  • Trending stocks: MCX shares climb over 5% in early session 2.5 hours ago — Economic Times
  • Trending stocks: Vedanta stock price jumps 6% 2.5 hours ago — Economic Times
  • Trending stocks: IRCTC share price gains 5% as Nifty surges 2.5 hours ago — Economic Times
  • Trending stocks: Au Small Finance Bank share price down 3% 2.5 hours ago — Economic Times
  • Trending stocks: Adani Green Energy stock price climbs 4 % 2.5 hours ago — Economic Times
  • Trending stocks: Vodafone Idea share price gains 2 % 2.5 hours ago — Economic Times
  • Trending stocks: DHFL shares jump 5% in early session 2.5 hours ago — Economic Times
  • Trending stocks: IndusInd Bank share price surges 11% 2.5 hours ago — Economic Times

• Buying stocks; no change in IPO plans: LIC MD Vipin Anand

  The IPO "in any case is a time-consuming thing, which is going to be there," he said.
  3 hours ago — Economic Times

• Agri commodities: Coriander, soybean futures rise on positive demand

  Soybean prices on Wednesday rose by Rs 2 to Rs 3,792 per quintal in futures market.
  3 hours ago — Economic Times
  • Gold rate today eases on profit booking amid rise in equities 3 hours ago — Economic Times

• Sensex Plunges Over 1,300 Points From Day's High, Nifty Below 8,800

  Rising cases of deadly coronavirus (COVID-19) continue to dampen the investor sentiment, analysts said.
  3 hours ago — NDTV Business
  • HUL & bank stocks drive Sensex nearly 600 points higher; Nifty tops 8,900 3 hours ago — Economic Times

• China's new yuan loans set to rise in March as lenders help fight pandemic: Reuters poll

  China's new bank loans are expected to have rebounded in March from a sharp drop the previous month, a Reuters poll showed, as policymakers continue to urge lenders to help cash-strapped companies hit hard by the coronavirus crisis.
  3 hours ago — Reuters

• Nikkei ends higher for third session as Tokyo emergency triggers short-covering

  The Nikkei share average closed 2.13 per cent firmer at 19,353.24, edging near its March 25 high of 19,564, while the broader Topix gained 1.59 per cent to 1,425.47.
  3 hours ago — Economic Times

• Uniper teams up with Siemens to look at making and using more hydrogen

  German utility Uniper has signed a cooperation deal with Siemens to look at using hydrogen at its gas-fired power plants and producing the carbon-free gas with power from its wind turbines.
  3 hours ago — Reuters

• Maruti Suzuki lowers production by 32% in March as slowdown bites

  The company produced a total of 92,540 units in March as against 136,201 units in the year-ago month, the auto major said
  3 hours ago — Business Standard
  • Maruti cuts production by 32% in March 3 hours ago — Economic Times

• Australia shares end marginally down on country's bleak outlook; NZ closes higher

  The S&P/ASX 200 index settled about 0.9 per cent lower at 5,206.90, after falling as much as 2.9 per cent earlier in the session.
  3 hours ago — Economic Times

• French carmaker PSA sets up fund for staff and new health check measures

  French carmaker and Peugeot owner PSA announced on Wednesday the creation of a solidarity fund to help staff affected by the closures of plants due to the COVID-19 outbreak, and new steps to protect the health of its workers.
  3 hours ago — Reuters

• Cargo Volumes Fall The Most In Five Months Amid Coronavirus Outbreak

  Ports across the country handled 618.7 lakh tonnes of cargo in March, a decline of 5 percent over the year-ago period.
  3 hours ago — Bloomberg Quint

• Gujarat Alkalies hits 10% upper circuit after starting operations

  The Anhydrous Aluminium Chloride (AAC) Plant at Dahej Complex and Hydrogen Peroxide Plant at Vadodara Complex would start after a few days, it added.
  3 hours ago — Economic Times

• Buy CreditAccess Grameen, target price Rs 750: ICICI Securities

  The company believes it has sufficient cash to meet interest and operating cost obligations for the next 4-5 months.
  3.5 hours ago — Economic Times
  • Buy M&M Financial Services, target price Rs 205: ICICI Securities 3.5 hours ago — Economic Times
  • Buy ACC, target price Rs 1,520: ICICI Securities 3.5 hours ago — Economic Times
  • Buy Godrej Properties, target price Rs 721: ICICI Securities 3.5 hours ago — Economic Times
  • Neutral on PNB Housing Finance, target price Rs 190: Motilal Oswal 3.5 hours ago — Economic Times
  • Buy Sun Pharma, target price Rs 450: Edelweiss 3.5 hours ago — Economic Times
  • Buy JSW Steel, target price Rs 180: Edelweiss 3.5 hours ago — Economic Times
  • Buy United Spirits, target price Rs 560: Edelweiss 3.5 hours ago — Economic Times
  • Buy Biocon, target price Rs 350: Edelweiss 3.5 hours ago — Economic Times
  • Buy Ashok Leyland, target price Rs 90: Kotak Institutional Equities 3.5 hours ago — Economic Times

• UK coronavirus testing capacity boosted by new AstraZeneca, GSK lab

  Britain will have a new coronavirus testing facility capable of carrying out 30,000 tests per day by early May, said the chief executive of pharma company AstraZeneca, helping the government meet an ambitious goal to scale up testing.
  3.5 hours ago — Reuters

• Gold Price Today: Gold Futures Fall, Slip Below Rs 44,700 Mark

  Gold Rate Today: At 12:08 pm, the gold futures contract (delivery on June 5) traded at Rs 44,780.00 per 10 grams, down Rs 301 per 10 grams (0.67 per cent) compared to the previous close.
  3.5 hours ago — NDTV Business

• Business Live: Bigger economic package to fight COVID-19 on cards; economy likely to contract by 4.5% in Q4 due to lockdown

  Updates from the world of economy, markets, and finance
  3.5 hours ago — The Hindu Business
  • Business Live: Nifty, Sensex trim gains; economy likely to contract by 4.5% in Q4 due to lockdown 3.5 hours ago — The Hindu Business
  • Business Live: Nifty, Sensex gain over 3%; economy likely to contract by 4.5% in Q4 3.5 hours ago — The Hindu Business
  • Business Live: Nifty, Sensex gain over 1%; virus to cull 80,000 retail jobs 3.5 hours ago — The Hindu Business
  • Today's top business news: Stocks rise over 8%, unemployment rate shoots to over 23%, 'Big Short' Michael Burry slams lockdowns, and more 3.5 hours ago — The Hindu Business

• Indivior withdraws 2020 forecast on coronavirus-led uncertainty

  British drugmaker Indivior PLC withdrew its annual financial forecast on Wednesday, citing uncertainties due to the coronavirus pandemic.
  4 hours ago — Reuters

• Singapore ramps up rooftop farming plans as virus upends supply chains

  Singapore on Wednesday announced new measures to accelerate local food production as the coronavirus pandemic disrupts global supply chains, including a plan to turn car park rooftops in public housing estates into urban farms.
  4 hours ago — Reuters

• Large number of HCQ doses bought by US have come from India: Donald Trump

  India on Tuesday allowed the export of hydroxychloroquine to the US, which has emerged as the global hotspot of Covid-19.
  4 hours ago — Business Standard
  • Under Trump pressure, India allows limited exports of Hydroxychloroquine 4 hours ago — Business Standard

• Stay with leaders in each sectors: Harsha Upadhyaya

  If you panic less in the current volatility, you are likely to make more money, says the CIO-Equities at Kotak AMC.
  4 hours ago — Economic Times

• Exclusive: China's central bank to step up easing, won't borrow Fed playbook - sources

  China's central bank will ramp up its policy easing to support the coronavirus-ravaged economy but debt worries and property risks will prevent it from following the U.S. Federal Reserve's steep rate cuts or quantitative easing moves, policy sources said.
  4 hours ago — Reuters

• IT sector Q4 preview: Virus hits billings, shadows FY21 spending

  Few brokerages expect IT firms to report de-growth in FY21 dollar revenues for first ever time.
  4 hours ago — Economic Times

• Britain's Tesco says coronavirus costs could reach $1.1 billion

  Britain's biggest retailer Tesco expects to take a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it was unable to give a profit forecast for this financial year.
  4 hours ago — Reuters
  • Online meal delivery firms knocked off course by coronavirus crisis 4 hours ago — Reuters

• Britain eases rules to speed up company capital raising

  Britain's markets watchdog set out temporary measures on Wednesday to help companies raise cash quickly to get through the epidemic that has shuttered much of the economy.
  4 hours ago — Reuters

• Bank of England backs COVID-19 pause in insurers' dividends

  A slew of British insurers pressed pause on hundreds of millions of pounds of dividends on Wednesday, in moves welcomed by the Bank of England, which had cautioned the sector to the risk of heavy costs from the spread of the coronavirus.
  4 hours ago — Reuters

• Sensex Trims Gains Amid Volatile Trading; Pharma Stocks Jump, Banks Weak

  Top Nifty gainers were GAIL, Mahindra & Mahindra and Hindustan Unilever, trading between 4.73 per cent and 10.18 per cent higher.
  4 hours ago — NDTV Business

• Latest On The Spread Of The Coronavirus Around The World

  Reported cases have surpassed 1.38 million globally and nearly 81,451 people have died, according to a tally by news agency Reuters.
  4 hours ago — NDTV Business
  • Coronavirus LIVE: Maharashtra sees 60 new cases, 51 in Delhi, Gujarat 179 4 hours ago — Business Standard
  • Coronavirus LIVE: PM Modi, CMs to decide on lockdown extension on April 11 4 hours ago — Business Standard
  • Coronavirus LIVE: US cases cross 400,000-mark; global tally hits 1,430,516 4 hours ago — Business Standard
  • Coronavirus LIVE: 400 mn Indian workers may sink into poverty, says ILO 4 hours ago — Business Standard
  • Coronavirus LIVE: France toll exceeds 10,000; New York sees 731 new deaths 4 hours ago — Business Standard
  • Coronavirus LIVE: New York suffers deadliest day with 731 new fatalities 4 hours ago — Business Standard
  • Coronavirus LIVE: India cases cross 5,000 mark, death toll hits 150 4 hours ago — Business Standard
  • Coronavirus LIVE: Rs 50 lakh insurance cover for health workers announced 4 hours ago — Business Standard
  • Coronavirus LIVE: Maharashtra cases top 1,000; India death toll at 124 4 hours ago — Business Standard
  • Coronavirus LIVE: Maharashtra cases top 1000, India death toll at 124 4 hours ago — Business Standard
  • Coronavirus LIVE: India reports 354 new cases in 24 hrs, death toll at 117 4 hours ago — Business Standard
  • Coronavirus LIVE: India cases at 4421, global death toll tops 75000 4 hours ago — Business Standard

• Share market update:17 stocks hit 52-week highs on NSE

  Cadila Health, Alembic Pharma, Torrent Pharma, Abbott India and Ipca Labs hit their fresh 52-week high during the day.
  4 hours ago — Economic Times

• Axis Bank, Godrej Consumer, Mahindra Among Credit Suisse’s 39 Global Growth Stock Picks

  These three Indian firms are among the 39 GARP stocks recommended by Credit Suisse for long-term investors.
  4.5 hours ago — Bloomberg Quint

• Gold slips as stronger dollar outweighs coronavirus worries

  Gold prices eased on Wednesday as a stronger dollar and profit-taking outweighed risk-off sentiment due to concerns over rising deaths across the globe from the novel coronavirus.
  4.5 hours ago — Reuters
  • TietoEVRY scraps dividend plan due to coronavirus 4.5 hours ago — Reuters
  • Gold holds steady amid virus worries, stronger dollar weighs 4.5 hours ago — Reuters
  • Gold dips on modest progress against coronavirus 4.5 hours ago — Reuters
  • Gold slips 1% as small signs of progress against coronavirus boost stocks 4.5 hours ago — Reuters

• Adani Green Energy shares jump 5% on Total SA deal

  Total SA said it has invested Rs 3,707 crore in a solar energy joint venture with the domestic firm.
  4.5 hours ago — Economic Times
  • Total invests ₹3,707 crore in Adani JV 4.5 hours ago — The Hindu Business

• Recruiter PageGroup cuts more jobs, directors' pay as fee income slides

  Recruiter PageGroup said on Wednesday it would lay off another 250 staff in April and cut directors' pay by 20%, as the company and fellow recruiter Robert Walters reported an 11-12% fall in net fee income in the first quarter and braced for more pain to come. PageGroup, which operates in 36 countries and helps hire executives, professionals and clerical staff, joined other recruiters in cancelling dividend and suspending forecast due to the coronavirus crisis.
  4.5 hours ago — Reuters

• German, Swiss companies combine to make disinfectant to kill virus

  Businesses including Switzerland's Clariant and Germany's CropEnergies AG are combining to boost disinfectant production, part of a state-financed crisis programme in Bavaria to lift supplies amid the coronavirus pandemic.
  4.5 hours ago — Reuters
  • Clariant to produce 2 million liters of disinfectant in Germany 4.5 hours ago — Reuters

• Deepak Nitrite starts production of 2 Ethyl Hexyl Nitrate; stock up 7%

  The stock was up 7 per cent to Rs 465 on Wednesday, thus surging 22 per cent in the past two trading days.
  4.5 hours ago — Business Standard

• Make a large number of good buys, not just a few perfect ones: Marks

  Marks believes investors waiting on sidelines may keep themselves from making good purchases.
  4.5 hours ago — Economic Times

• Rupee Edges Lower To 75.85 Against Dollar

  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.
  4.5 hours ago — NDTV Business

• Jack Dorsey pledges $1 billion of his Square stake for COVID-19 relief efforts

  Twitter Inc Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc, the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic.
  5 hours ago — Reuters

• Chinese molybdenum miner has production licence suspended after tailings spill

  Yichun Luming Mining Co Ltd, the owner of a tailings dam in northeast China that leaked last month, contaminating the local river system, has been ordered to temporarily halt production, according to a report on a provincial government website.
  5 hours ago — Reuters

• Covid-19 pandemic: Crisil postpones AGM due later this month

  The company's 33rd annual general meeting (AGM) was to be held on April 21.
  5 hours ago — Economic Times

• Buzzing stocks: Vodafone Idea, Tata Motors, Axis Bank, ​RIL

  Axis Bank (Rs 1436.41 crore) was leading the pack of most active stocks in value terms.
  5 hours ago — Economic Times

• Rupee slips 21 paise to 75.85 against US dollar in early trade

  Forex traders said rising brent prices and firm U.S. dollar index weighed on the local unit.
  5 hours ago — The Hindu Business

• Iran doesn't agree with OPEC+ meet without clear outcome - minister

  Iran does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome from such talks for the oil market, its oil minister said in a letter to OPEC and seen by Reuters.
  5 hours ago — Reuters
  • Iran doesn't agree with holding OPEC+ meet without clear outcome - oil min 5 hours ago — Reuters

• Pharma will continue to do well; Dr Reddy’s, Sun Pharma, Cadila, Ipca top picks: Chakri Lokapriya

  These stocks have fairly visible earnings growth, a rarity in current times, says CIO & MD of TCG AMC.
  5 hours ago — Economic Times

• ‘Essential’ stocks rally up to 80% ever since March 25 shutdown

  Out of 500 index stocks, 377 are now in positive since PM announced the lockdown.
  5 hours ago — Economic Times

• Palm oil gains on stronger crude oil, supply worries

  Benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange gained 22 ringgit, or 0.95 per cent, to 2,337 ringgit per tonne.
  5 hours ago — Economic Times

• OnePlus takes wrap off its first wireless charger before launch on April 14

  Named the Warp Charge 30 Wireless, it is a standee-based wireless charger that is touted to support 30W fast charging
  5 hours ago — Business Standard

• Beaten-down financials in focus; RBL, Bandhan, IndusInd Bank gain up to 20%

  On Tuesday, Singapore-based investment banking firm UBS Principal Capital Asia bought 5.38 million shares representing a 0.78% stake of IndusInd Bank at an average price of Rs 367 on the NSE.
  5 hours ago — Business Standard

• Nifty, Sensex rebound to jump 3%; banks, pharma stocks rally

  Indian stocks clawed back early losses to jump more than 3% on Wednesday, as hopes of a phased lifting of an ongoing country-wide lockdown aided investor sentiment.
  5.5 hours ago — Reuters
  • Nifty, Sensex drop in early trade, auto stocks slip 5.5 hours ago — Reuters

• Commodity outlook: Crude oil plunges; here's how others may fare today

  Here is how SMC Global expects commodities to fare today.
  5.5 hours ago — Economic Times

• Possible share buyback candidates that may give solid assured returns

  The sudden rise in share buyback offers this time has more to do with the market fall.
  5.5 hours ago — Economic Times

• Pandemic set to tip Japan into deep recession this year, BOJ seen easing again: Reuters poll

  Japan is expected to slip into a deep recession this year with the economy set to contract for a third straight quarter in April-June, a Reuters poll showed on Wednesday, as the coronavirus outbreak wreaks havoc on businesses and daily life.
  5.5 hours ago — Reuters

• Wobbly U.S. fiscal response could deepen coronavirus recession

  The U.S. government's massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don't-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt.
  5.5 hours ago — Reuters

• Pulp friction: Border jams delay supply of toilet paper's only ingredient

  As several European borders limit travel to stop the spread of COVID-19, two of the world's biggest pulp makers say transportation logjams are delaying shipments of the raw material - the only ingredient in the toilet paper that people are hoarding to weather quarantines.
  5.5 hours ago — Reuters

• With supplies back, Hong Kong expats ship masks home to coronavirus hot spots

  Expatriates in Hong Kong are buying up masks to send to family and friends back home as supplies return to shops in the Asian financial hub and the coronavirus spreads around the world.
  6 hours ago — Reuters
  • BOJ to scale back some operations amid coronavirus pandemic 6 hours ago — Reuters

• Larsen & Toubro gains for second straight day on winning two large orders

  With the past two days' gain, L&T's stock has recovered 26 per cent from its multi-year low of Rs 661, touched on March 25, 2020
  6 hours ago — Business Standard

• Coronavirus pandemic: China ends 76-day lockdown imposed on epicentre Wuhan

  Along the embankments and bridges, citizens waved flags and chanted "Wuhan, let's go!" and sang a capella renditions of China's national anthem.
  6 hours ago — Business Standard

• Twitter CEO Jack Dorsey pledges $1 bn for coronavirus relief effort

  Dorsey said that after the pandemic ends, the fund would focus on health and education for girls and "universal basic income" efforts.
  6 hours ago — Business Standard

• SBI dips 3% post deposit rate cut, Uttam Galva loan default; recovers later

  At 9:44 am, SBI was trading 1.2 per cent lower at Rs 184 apiece on the NSE, as against a 0.5 per cent rise in the benchmark Nifty50 index.
  6 hours ago — Business Standard

• Environment Law: Proposed Norms Dilute The Process Rigours, Experts Say

  India seeks to amend its environment norms. The proposals dilute the public consultation process, experts say. 
  6 hours ago — Bloomberg Quint

• Readout of Fed's March meetings to capture a frenzied policy response

  U.S. Federal Reserve officials launched an economic rescue plan in record time last month as the coronavirus pandemic spread, reaching decisions that may shape the global economy for decades to come in the space of a few frantic weeks.
  6 hours ago — Reuters

• Investors opting to sit back till things get clearer: Kenneth Andrade

  The market sell-off has already captured a lot of bad news in the price. Businesses now trade at book value (BV) or significantly lower, which limits their downside
  6 hours ago — Business Standard

• Sensex drops over 400 points in opening trade

  Axis Bank was the top loser in the Sensex pack, falling up to 3 per cent, followed by Reliance Industries, TCS, ITC and IndusInd Bank.
  6 hours ago — The Hindu Business
  • Sensex zooms 2,476 pts to reclaim 30K level; Nifty rallies 708 points 6 hours ago — The Hindu Business

• India’s Pharma Sales Growth Slows In Lockdown-Marred March

  Domestic pharma sales grew 8.9 percent year-on-year to Rs 11,856 crore in March.
  6 hours ago — Bloomberg Quint

• VA Tech Wabag hits 5% upper circuit on Rs 90 crore order win from Bahrain

  In another news, rating agency ICRA on Tuesday revised the long-term fund-based facilities of the company to [ICRA]A(Negative) from [ICRA]A+(Negative)
  6.5 hours ago — Business Standard

• Cadila Healthcare soars 31% in 2 days on USFDA nod for Perphenazine tablets

  Zydus Cadila has received final approval from the United States Food and Drug Administration to market Perphenazine tablets USP, 2 mg, 4 mg, 8 mg and 16 mg
  6.5 hours ago — Business Standard

• Sensex, Nifty Turn Positive Amid Choppy Trade As Coronavirus Fears Linger

  The weakness came a day after Sensex and Nifty posted their biggest single-day gain since 2009 tracking global peers.
  6.5 hours ago — NDTV Business

• Ray Dalio still thinks ‘cash is trash’ as printing presses roll

  I think a lot about what money is worth and believe that it has no intrinsic value, says Dalio.
  6.5 hours ago — Economic Times

• Australia's 'Big Four' banks see shares fall after regulator urges dividend deferral

  Shares of the "Big Four" Australian lenders fell on Wednesday, following the regulator's request that banks and insurers "seriously consider" deferring dividend payouts until there was more clarity on the impact from the coronavirus pandemic.
  7 hours ago — Reuters

• Indian shares drop in early trade, auto stocks slip

  Indian shares slipped more than 1% in early trade on Wednesday, in line with broader Asia, as investors weighed the slowing rate of COVID-19 infections against rising deaths across the globe.
  7 hours ago — Reuters
  • Asian shares turn cautious, oil rebounds in choppy trade 7 hours ago — Reuters

• Buy Aarti Industries, target price Rs 888: Axis Securities

  Factoring in the Covid-19 led pressure on earnings, the brokerage values the stock at 21 times its FY22E EPS.
  7 hours ago — Economic Times
  • Buy JSW Steel, target price Rs 180: Edelweiss 7 hours ago — Economic Times
  • Buy United Spirits, target price Rs 560: Edelweiss 7 hours ago — Economic Times
  • Buy Biocon, target price Rs 350: Edelweiss 7 hours ago — Economic Times
  • Buy Sobha, target price Rs 438: CLSA 7 hours ago — Economic Times

• U.S. oil state senators to talk crude markets with Saudi officials Saturday -source

  Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom's officials on Saturday, a source familiar with the planning said on Tuesday.
  7 hours ago — Reuters

• Stocks to watch: SBI, Aurobindo Pharma, Wipro, Deepak Nitrite, Hero Moto

  Here's a look at the top stocks that may remain in focus today.
  7.5 hours ago — Business Standard

• Why Companies Can’t Claim Insurance For Covid-19 Losses

  Here’s what existing business interruption policies are and whey they cover...
  7.5 hours ago — Bloomberg Quint
  • Best of BS Opinion: The long shadow of 2019-20, Covid-19 impact, and more 7.5 hours ago — Business Standard

• Growth a worry, EM-focused funds turn neutral on India

  Neutral stance means funds will maintain a similar weight for India in respective portfolios.
  7.5 hours ago — Economic Times

• BHP Group says 'small number' of COVID-19 cases among staff but no hit to operations

  BHP Group said on Wednesday that a "small number" of its total workforce had been confirmed with COVID-19, but it had not impacted operations at any of its operations.
  7.5 hours ago — Reuters

• India coronavirus dispatch: Fighting today, planning for tomorrow's battles

  New economic models around health care, human rights and democracy during a pandemic, and whether the summer heat will kill the coronavirus - read these and more in today's India coronavirus dispatch
  7.5 hours ago — Business Standard
  • World coronavirus dispatch: Second US stimulus, and West Asia's burial woes 7.5 hours ago — Business Standard

• Motilal Oswal’s Manish Sonthalia Has A Caveat For Investing In Markets Now

  The head of equity portfolio management services at Motilal Oswal AMC said investments are best made in tranches.
  8 hours ago — Bloomberg Quint

• It’s strong fundamentals that help companies survive a recession, and then thrive

  Once govt lifts the lockdown, cos with strong cash positions are potential buyback candidates.
  8 hours ago — Economic Times

• Sensex, Nifty Turn Flat Amid Choppy Trade As Global Markets Lose Steam

  Analysts say volatility cannot be ruled out as investors assess the impact of the coronavirus pandemic on global economy.
  8 hours ago — NDTV Business

• Bulls aim for 9,000 at weekly expiry

  For April 9 expiry, the resistance is at 9,000, followed by 9,500. Major put writing for weekly expiry was witnessed across 8,300-8,500, the latter being a major support.
  8 hours ago — Economic Times

• Masala bonds less palatable after rate cut

  Market participants say while bigger and well known names such HDFC or NHAI manage to find investors at single digit coupon rates, lesser known companies find it difficult to get investors unless they fork out double digit coupon rates.
  8 hours ago — Economic Times

• Asian shares step back, oil rebounds in volatile trade

  Japan's Nikkei dropped 0.7 per cent and South Korea 0.8 per cent.
  8 hours ago — Economic Times

• Sensex, Nifty Likely To Open Weak On Negative Global Cues

  The Nifty futures were trading at 8703.50, weaker by 159.5 points, on the Singaporean Exchange around 07:30 hours IST.
  8 hours ago — NDTV Business

• What changed for D-Street while you were sleeping

  Here’s breaking down the pre-market actions.
  8.5 hours ago — Economic Times

• Nissan's China sales drop 44.9% in March due to virus

  Japanese automaker Nissan said on Wednesday its sales in China fell 44.9% from a year earlier to 73,297 units in March, as the coronavirus epidemic continues to hit the world's biggest car market.
  8.5 hours ago — Reuters

• Markets cheer fall in NY Covid toll

  The rally in Indian stocks was sharper than their Asian peers, which rose 1.8 per cent to 4 per cent on Tuesday. European markets were up 3-4 per cent midway in trade.
  8.5 hours ago — Economic Times

• Technical calls from HDFC Securities: Buy Maruti Suzuki India, Tata Steel

  Maruti's stock price has risen more than 10 per cent with significant rise in volumes
  8.5 hours ago — Business Standard

• Higher Nifty earnings yield hints at possible outsized equity returns

  Low growth-low bond yield environment creates the needed supply side triggers for growth.
  8.5 hours ago — Economic Times

• Oil prices jump as focus swivels to Opec, Russia meeting on output cuts

  US West Texas Intermediate (WTI) crude rose $1.30, or 5.5 per cent, to $24.93 a barrel after dropping 9.4 per cent in the previous session.
  8.5 hours ago — Economic Times

• Kotak, HDFC Banks report surge in Q4 deposits, advances

  Non-bank lender Bajaj Finance, too, recorded a whopping 62 per cent growth in its deposits, which stood at Rs 21,400 crore; although it is a small proportion of its overall liabilities. AU Small Finance Bank said its deposits rose 34 per cent.
  8.5 hours ago — Economic Times

• Covid-19 crisis may drag 400 mn Indian workers further into poverty: ILO

  In India, with a share of almost 90% of people working in the informal economy, about 400 million workers in the informal economy are at risk of falling deeper into poverty during the crisis
  8.5 hours ago — Business Standard

• HUL’s on a roll, m-cap crosses Rs 5,00,000 crore

  HUL’s market capitalisation rose by ₹63,000 crore on Tuesday to ₹5.29 lakh crore, making it the first consumer company to cross the ₹5 lakh crore m-cap mark. It currently trades at 77 times its trailing 12 months earnings and 62 times its FY2021 estimated earnings.
  8.5 hours ago — Economic Times

• Japan's machinery orders rise unexpectedly but darker days seen ahead

  Japan's machinery orders unexpectedly rose in February, suggesting business investment remained resilient even as companies braced for a major jolt to demand from the coronavirus pandemic.
  8.5 hours ago — Reuters
  • U.S. job openings fall; coronavirus shutdowns seen causing further declines 8.5 hours ago — Reuters

• Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin

  The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursday.
  8.5 hours ago — Reuters
  • EU ministers hope to agree to half a trillion euro coronavirus rescue 8.5 hours ago — Reuters

• Refunds row escalates as airlines warn millions of jobs at risk

  Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus air travel downturn, and held out against offering refunds to passengers as cash runs out.
  9 hours ago — Reuters
  • Millions of aviation jobs at risk, airlines can't afford refunds: IATA 9 hours ago — Reuters

• MARKET LIVE: SGX Nifty trends suggest a negative start for Indian indices

  Catch all the live market updates here
  9 hours ago — Business Standard

• With Singapore lockdown underway, 'essential' chipmakers count on less disruption

  Computer chip makers are banking on less disruptions to their factories from this week's strict lockdown in Singapore than the havoc wreaked on their supply chains last month when Malaysia and the Philippines imposed vague restrictions about "essential" operations.
  9 hours ago — Reuters

• Neutral on Dr Lal Pathlabs, target price Rs 1,471: Nomura

  The company has started testing in Delhi but it is unlikely to have a positive impact on FY21 earnings, said Nomura.
  9 hours ago — Economic Times

• Radhakishan Damani, the only Indian tycoon to get richer under lockdown

  D-Mart’s rivals have not benefited as much under the same circumstances.
  9 hours ago — Economic Times

• Stocks in the news: IndusInd Bank, DHFL, Voda Idea, JSW Energy and IRCTC

  DHFL said it will not make any interest or principal payment to lenders as well as bond holders.
  9 hours ago — Economic Times

• Analyst Calls: Sobha, HDFC Bank, Ashok Leyland

  ICICI Securities has upgraded Godrej Properties to sell from buy and revised target price to Rs 721 from Rs 772.
  9 hours ago — Economic Times

• A Trifecta Of Problems Face Oil Marketers In Fourth Quarter

  How India’s three listed oil marketers are expected to fare in the quarter ended March.
  9 hours ago — Bloomberg Quint

• Layoffs, closures to wipe out 6.7% of working hours worldwide in second quarter - ILO

  Workplace disruptions caused by the COVID-19 pandemic are expected to wipe out labour equivalent to the effort of 195 million full-time workers, or 6.7% of hours clocked worldwide, in the second quarter of this year, the International Labour Organization (ILO) said on Tuesday.
  9.5 hours ago — Reuters
  • Pandemic to wipe out 6.7% of working hours worldwide in second-quarter: ILO 9.5 hours ago — Reuters

• Covid-19 Factoid: Counting the dead - from the US to Punjab and Iran

  The US remains the most affected country with over 340,000 cases and the death toll at over 11,000
  9.5 hours ago — Business Standard

• IT catches Covid-19 bug: Sector's outlook takes a hit on demand concerns

  Analysts expect top line pressure to reflect from Q4 itself
  13.5 hours ago — Business Standard

• Markets may be ignoring potential headwinds in Jubilant FoodWorks

  Some analysts believe near-term concerns are priced in, but likely risks of lockdown extension and fall in income levels not so
  14 hours ago — Business Standard

• India may get $1.3-bn passive flow; MSCI EM weight may rise: Morgan Stanley

  In October, the Indian government had issued a circular raising statutory FPI limit of Indian companies to the sectoral foreign investment limit
  14 hours ago — Business Standard

• Markets ripe for raising lump-sum allocation: Nippon India MF's Gunwani

  The policy boost by the government and the RBI will help the economy and the financial system immensely, says Manish Gunwani
  14 hours ago — Business Standard

• China's recovery from coronavirus outbreak, drug demand lift pharma funds

  Easing of supply chain issues, hydroxychloroquine opportunity boost sentiments
  14.5 hours ago — Business Standard

• Cybercrimes in the time of Covid-19: Scamsters taking advantage of pandemic

  A variety of phishing campaigns are taking advantage to distribute malware, steal credentials, and scam users
  14.5 hours ago — Business Standard

• Multiple growth levers make Cadila Healthcare attractive on the Street

  HCQ supplies for Covid-19 treatment to propel US growth, even as domestic pharma and consumer businesses are in a sweet spot
  14.5 hours ago — Business Standard

• RIL to Hindustan Unilever, stocks that drove Nifty off coronavirus lows

  Barring three stocks - Eicher Motors, Shree Cement and Bajaj Finance - all the Nifty components have gained during this two-week period
  14.5 hours ago — Business Standard

• 90% of trucks in India are now off roads amid coronavirus lockdown

  Daily movement of trucks has collapsed to less than 10 per cent of normal levels, according to All India Motor Transport Congress
  15 hours ago — Business Standard

• Sugar mills seek third ethanol supply tender from govt-owned OMCs

  The excess production is a major issue as mills had planned to expand ethanol production
  15 hours ago — Business Standard

• One coronavirus patient can infect 406 persons in no lockdown: ICMR

  ICMR assumed R-naught at 2.5 for the study; 107,006 tests for Covid-19 have been conducted to date
  15 hours ago — Business Standard
  • Coronavirus impact: Ipca, Cadila Healthcare stocks gain on India's HCQ move 15 hours ago — Business Standard

• Data | The lockdown effect on jobs in India

  The migrant exodus that followed the lockdown resulted in the urban unemployment rate crossing the 30% mark by April 5
  15.5 hours ago — The Hindu Business

• Coronavirus lockdown: Uneasy calm hangs over New Delhi Railway Station

  Now only 45-50 goods trains pass through the country's second busiest station
  15.5 hours ago — Business Standard

• What have you done to curb fake news? Social media to submit daily reports

  A ministry official said the requirement of daily reports is for a few days, in light of the misinformation being spread related to the Covid-19 pandemic
  16 hours ago — Business Standard

• The MPLADS Conundrum

  Why is everybody arguing about the MPLAD Scheme?
  16 hours ago — Finshots

• 25% retailers may be out of biz after lockdown if govt doesn't help: Study

  Firms may have to sack 20% of workforce, says study by retailers' association
  16.5 hours ago — Business Standard

• Wipro to hold Board meeting on April 15, to announce Q4 and FY20 results

  Markets regulator Sebi has also given relaxation of 45 days to companies for filing fourth-quarter results and one-month extension to file results for 2019-20
  17 hours ago — Business Standard

• Boris Johnson stable in ICU with Covid-19, remains in 'good spirits'

  Johnson, 55, was tested positive for coronavirus more than 10 days ago and was admitted to the hospital a day earlier
  17 hours ago — Business Standard

• Britain's supermarkets wrestle with coronavirus demand conundrum

  Britain's big supermarkets fear they won't be able to supply the country's 60 million people without longer opening hours or a relaxation of social distancing rules introduced to curb the spread of the coronavirus.
  17 hours ago — Reuters

• Virus to cull 80,000 retail jobs: RAI survey

  Over 95% of non-food retailers have shut shop since lockdown took effect
  17 hours ago — The Hindu Business

• Lenders want SBI to include NBFCs under moratorium

  The moratorium allows deferral of loan interest servicing and repayment for three months. The Reserve Bank of India (RBI) notification and the subsequent FAQ from the industry lobby IBA does not specifically exclude NBFCs from the moratorium.
  17 hours ago — Economic Times

• Sebi opens doors for Mauritius based funds to get preferential Cat I FPI license

  The development assumes significance as several Mauritius based investors have been facing uncertainty ever since the country was put on a ‘grey list’ by FATF in February.
  17 hours ago — Economic Times

• All for one and one for all? Euro zone will for joint bonds tested

  Step-by-step, the coronavirus crisis is forcing the euro zone into greater integration. But like the euro zone debt crisis before, it may not deliver what bond markets really crave.
  17.5 hours ago — Reuters

• Graphic: Bets on potential mining defaults surge on worsening sector outlook

  The cost of insuring against potential debt default by mining companies has risen to the highest in five years on mounting fears of recession, demand destruction and shutdowns to contain the spread of the coronavirus.
  17.5 hours ago — Reuters

• Manufacturing industry gears up for life after coronavirus lockdown

  Industry hopes for return of labour, smoothening of supply chain, lowering of inventory
  17.5 hours ago — Business Standard
  • Get ready for social distancing when you fly next after lockdown ends 17.5 hours ago — Business Standard

• Markets shed Covid-19 pessimism with biggest single-day gain since 2009

  Sentiment improves as virus spread shows signs of slowing
  17.5 hours ago — Business Standard
  • Market fights back coronavirus pessimism with biggest gain since 2009 17.5 hours ago — Business Standard

• Student lender SoFi to acquire Galileo Financial Technologies for $1.2 billion

  Online student lender Social Finance Inc has agreed to acquire payments technology provider Galileo Financial Technologies for $1.2 billion in cash and stock, the companies said on Tuesday.
  17.5 hours ago — Reuters

• E-commerce firms ask govt to provide curfew passes valid for 6 months

  As many delivery personnel have gone back to their hometowns, e-commerce firms are struggling to get enough of inter-district curfew passes
  17.5 hours ago — Business Standard

• Exxon lops 30% off 2020 spending, deeper and later than rivals

  Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the coronavirus pandemic saps energy demand and oil prices tumble.
  17.5 hours ago — Reuters
  • Last but not least: Exxon chops spending by 30% 17.5 hours ago — Reuters

• Chinese refiners try out cheap, exotic oil from Europe: sources

  Bargain-hunting Chinese buyers have snapped up very cheap and sometimes obscure crude oil grades, mostly from Europe, where the impact of lockdowns to halt the new coronavirus has devastated demand.
  17.5 hours ago — Reuters

• ECB makes it easier for banks to tap credit amid coronavirus crisis

  The European Central Bank will make it easier for banks to borrow cash at rock bottom rates during the coronavirus crisis, it said on Tuesday, as it eased collateral requirements even at the cost of taking on greater risk.
  18 hours ago — Reuters
  • Online meal delivery firms knocked off course by coronavirus crisis 18 hours ago — Reuters

• Aurobindo Pharma Faces Class Action Suit In U.S. For Hiding Facts

  The petition claimed that the defendants have manufactured and distributed metformin drugs throughout the United States.
  18 hours ago — Bloomberg Quint

• MCX achieves record market share of 94% in FY20

  In FY20, the average daily turnover of futures trading on the bourse was Rs 32,423 crore, an increase from Rs 25,647 crore in 2018-19.
  18 hours ago — Economic Times

• Global economic policy response to coronavirus crisis

  Governments and central banks around the world have unleashed unprecedented fiscal and monetary stimulus and other support for economies floored by the coronavirus pandemic.
  18 hours ago — Reuters

• Cash-starved and desperate, states borrow at steep rate in lockdown

  According to the schedule, 19 states had lined up to borrow up to Rs 37,500 crore, but they managed to raise Rs 32,560 crore.
  18 hours ago — Business Standard

• Tata Power unit bags 300 MW deal for ₹1,730 crore

  Commercial operation date Sept. 2021
  18 hours ago — The Hindu Business

• SBI cuts MCLR by 35 bps

  State Bank of India, the country’s largest lender, has reduced the marginal cost of fund-based lending rate (MCLR) by 35 basis points (bps) across all
  18 hours ago — The Hindu Business

• Groupe PSA defers launch of SUV

  Groupe PSA in India has revised the time frame for the commercial launch of its debut vehicle, Citroen C5 Aircross SUV, to the first quarter of 2021.A
  18 hours ago — The Hindu Business

• RBI eases overdraft rules for States

  In order to provide greater flexibility to the State governments to tide over their cash flow mismatches due to the lockdown, the Reserve Bank of Indi
  18 hours ago — The Hindu Business

• Uttam Galva defaults on Rs 664-cr loan; ArcelorMittal, SBI among creditors

  UGSL, which shut its plants and operations after the lockdown was announced last month, said it has an outstanding of Rs 1,008 crore to its creditors
  18 hours ago — Business Standard

• Economy to contract 4.5% in fourth quarter, says ICRA

  Ratings agency pegs FY21 GDP growth at 2%
  18.5 hours ago — The Hindu Business

• Indusind Bank shares surge 22.6%

  Lender reports healthy business growth
  18.5 hours ago — The Hindu Business

• Markets surge on hopes of virus peaking

  FPIs net buy ₹742 crore in shares
  18.5 hours ago — The Hindu Business

• Virus forces corporates to rethink on hygiene

  Companies shift their employees from PGs and hostels to co-living facilities
  18.5 hours ago — The Hindu Business

• Google Maps to assist people in maintaining effective social distancing

  Google Maps launched community mobility reports on Tuesday to help public health officials combat COVID-19.“With reports saying that a third of the wo
  18.5 hours ago — The Hindu Business

• Developers sitting on ₹3.7 lakh cr. in unsold inventory

  May take longer than usual to sell existing 4.55 lakh units, says real estate consultancy firm JLL
  18.5 hours ago — The Hindu Business

• DHFL not to make any payment to lenders, bondholders

  DHFL said all the rated debt papers of the company are carrying default grade ratings and disclosures on the same have been made to the exchanges.
  18.5 hours ago — Economic Times

• Under pressure from states, Centre considering extension of lockdown

  States say lifting curbs may spread the infection
  18.5 hours ago — Business Standard
  • No decision on extending national lockdown, don't speculate: Govt 18.5 hours ago — Business Standard

• Car, Truck Sales May Revive, Two-Wheelers To Struggle: Jefferies

  Any revival in demand depends largely on how the Covid-19 pandemic pans out, Jefferies said.
  18.5 hours ago — Bloomberg Quint

• French Firm Total’s Arm Invests Rs 3,707 Crore In Joint Venture With Adani

  The JV houses 2.148 GW operating solar projects across 11 states in India, Total SA said in a statement
  18.5 hours ago — Bloomberg Quint

• Intel to work on COVID-19 diagnostics to predict outbreaks

  Intel has pledged an additional $50 million in a pandemic response technology initiative to combat the COVID-19 through accelerating access to technol
  18.5 hours ago — The Hindu Business

• Manufacturers will struggle to get labour back after lockdown is lifted

  Factory workers can only be brought back if there is assurance of advance payment and compensation, besides safety at the workplace, say manufacturers.
  18.5 hours ago — Business Standard

• Wipro to announce Q4 results on April 15

  The results will be announced after stock market trading hours.
  18.5 hours ago — Economic Times

• Goldman Sachs must face class action over conflicts of interest, risky mortgages

  Goldman Sachs Group Inc must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund manager, when creating risky subprime securities before the 2008 financial crisis.
  18.5 hours ago — Reuters

• Lufthansa to discontinue Germanwings in sweeping restructuring

  Lufthansa said it will close down its Germanwings low-cost airline as part of a broader overhaul which includes cutting capacity across the group, warning it could take years for the industry to recover from the coronavirus crisis.
  18.5 hours ago — Reuters

• Trade setup: Nifty50 likely to extend technical pullback

  The 8,885 and 9,000 levels will act as resistance, while the support may come in at 8,710 and 8,590.
  18.5 hours ago — Economic Times

• Big Opec+ oil output cuts depend on US, others joining

  Global oil demand has dropped by as much as 30%, or about 30 million barrels per day (bpd).
  19 hours ago — Economic Times

• WhatsApp clamps down further on frequent forwards to stem misinformation

  Once a message has been previously forwarded five times, it can henceforth only be forwarded one chat at a time
  19 hours ago — Business Standard

• AT&T takes on $5.5 billion loan to boost 'financial flexibility'

  AT&T Inc. on Tuesday announced a $5.5 billion term-loan agreement, which it said would give the company "financial flexibility" during the coronavirus outbreak.
  19 hours ago — Reuters
  • EU ministers hope to agree to half a trillion euro coronavirus rescue 19 hours ago — Reuters

• Bulk & Block Deals: UBS Principal Capital Asia laps up IndusInd Bank shares

  Axis Trustee Services sold 15,98,321 shares in Reliance Capital at Rs 4.50 apiece. The shares closed flat at Rs 4.50.
  19 hours ago — Economic Times

• 100,000 random tests, '5 Ts': Kejriwal's plan to check coronavirus in Delhi

  'We have prepared detailed plan to take over private hospitals if the number of coronavirus cases rises up to 30,000 in Delhi,' said Delhi CM
  19.5 hours ago — Business Standard

• Minimal conditions for coronavirus bailout loans would be appropriate: EU lawyers

  The euro zone bailout fund would be permitted to demand only minimal conditions from governments drawing on loans to help them the new coronavirus pandemic, European Council lawyers said in an opinion issued on Tuesday.
  19.5 hours ago — Reuters

• G20 energy ministers to meet to foster global cooperation: statement

  Saudi Arabia said it would convene a virtual meeting of energy ministers from the Group of 20 major economies on Friday "to foster global dialogue and cooperation to ensure stable energy markets and enable a stronger global economy".
  19.5 hours ago — Reuters

• Hiring activity falls 18% Y-o-Y in March: Naukri JobSpeak

  Travel, airlines, hospitality and retail nosedived by more than 50%
  19.5 hours ago — The Hindu Business
  • Hiring Activity Declines 18% In March: Naukri JobSpeak 19.5 hours ago — Bloomberg Quint

• Side effects: Fuel demand crash shuts U.S. ethanol plants, meatpackers lack refrigerant

  A slew of U.S. ethanol plants have shut down as fuel demand has collapsed during the coronavirus outbreak, and meatpackers have been hit by a worrying side-effect: less carbon dioxide is now available to chill beef, poultry and pork.
  19.5 hours ago — Reuters

• Ahead of Market: 12 things that will decide stock action on Wednesday

  Analysts said the index needs to cross the 8,360 level for an initial target above 9,040.
  19.5 hours ago — Economic Times

• Sonia Gandhi writes to PM, suggests measures to fight Covid-19 outbreak

  Suspend Central Vista project, stop media advertisements to save money to fight Covid-19, Sonia Gandhi wrote in her letter to PM Modi
  20 hours ago — Business Standard

• Access To Complex Forex Derivatives Returns For Large Firms

  The RBI has revised its rules for hedging foreign exchange risk.
  20 hours ago — Bloomberg Quint

• Wall Street gains on signs of coronavirus slowdown

  Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working.
  20 hours ago — Reuters
  • EU ministers hope to agree to half a trillion euro coronavirus rescue 20 hours ago — Reuters
  • Wall Street jumps at open on coronavirus slowdown hopes 20 hours ago — Reuters

• Small Businesses Struggle To Pay Wages Amid Coronavirus Lockdown

  India's nationwide lockdown, set to end April 14, has left millions of migrant workers stranded without any other source of income.
  20 hours ago — NDTV Business
  • India's small businesses struggle to pay wages amid coronavirus lockdown 20 hours ago — Reuters

• Impossible dilemma? World watches Italy as businesses plead to return to work

  Many Italian companies and academics are pressing the government to reopen factories to prevent an economic catastrophe, as the world watches how the first Western country to impose a lockdown can extricate itself from the unprecedented measures.
  20 hours ago — Reuters

• NSE penalises over 50 brokers for failing to comply with new derivative rules

  Participants say the quantum of penalties is too high given that many brokerages are struggling.
  20.5 hours ago — Economic Times

• Gold jumps 2% to hit a new lifetime high, silver futures up over 5%

  Appreciating rupee restricts jump, global monetary easing to support gold further
  20.5 hours ago — Business Standard

• Around 80,000 jobs expected to be cut due to coronavirus lockdown: Report

  The expectation of retrenchment of 20 per cent of employees by those featured in the survey amounts to 78,592 people.
  20.5 hours ago — Business Standard

• U.S. Treasury, Fed working on 'Main Street,' municipal loan facilities - Mnuchin

  U.S. Treasury Secretary Steven Mnuchin said on Tuesday that over 3,000 lenders were participating in a new $349 billion small-business coronavirus loan program, and that the Federal Reserve and Treasury were working to set up facilities to support "Main Street" and municipal borrowers.
  20.5 hours ago — Reuters

• Unusually low levels of demand impairing oil prices: Seth R Freeman

  There is so much supply that there is no more room to store oil, says senior MD, GlassRatner Advisory.
  21 hours ago — Economic Times

• Govt seeks ticket refund details from airlines as travel agents complain

  Several airlines have suspended refund facility to travel agents while making weekly payments of sales.
  21 hours ago — Business Standard

• Speciality chemicals to be next pillar of India’s exports: Varun Goel

  Various studies show that chemicals will be a $100 billion industry in 6-7 years, said Head Equity, Nippon India AIF.
  21 hours ago — Economic Times

• Covid-19 spread in key basmati rice export destinations will impact the industry: ICRA

  The industry whose performance is linked to exports to a large extent is expected to have a weaker H1 FY2021.
  21 hours ago — Economic Times

• Exclusive: Eyeing defaults, U.S. direct lender Colchis Capital to shut funds

  San Francisco-based Colchis Capital Management LP, a pioneer backer of online direct lending platforms, is winding down its main funds as disruptions caused by the novel coronavirus have started to hit its consumer and real estate loans, according to materials reviewed by Reuters.
  21 hours ago — Reuters

• CRISIL downgrades Mercedes-Benz India by a notch

  CRISIL cut the creditworthiness to AA+ with negative outlook from triple-A/negative on long term bank credit facilities up to Rs 1,500 crore.
  21.5 hours ago — Economic Times

• Exclusive: U.S. grants GE license to sell engines for China's new airplane

  The Trump administration on Tuesday granted a license to General Electric Co to supply LEAP-1C engines for China's C919 passenger jet, a spokeswoman for the company said.
  21.5 hours ago — Reuters

• Things to know about Hydroxychloroquine, the 'unproven' coronavirus drug?

  Hydroxychloroquine is an inexpensive and easily available drug. However, its demand has risen dramatically ever since it was named as a possible treatment for Covid-19
  21.5 hours ago — Business Standard

• Suzlon Energy Says Its Total Debt Stood At Rs 14,262 Crore On March 31

  Suzlon says its debt resolution plan has approved by 100% of lenders by value and 100% of lenders by numbers.
  21.5 hours ago — Bloomberg Quint

• SBI reduces MCLR by 35 bps, cuts savings rate by 25 bps on all deposits

  11th consecutive cut in MCLR in FY 2019-20
  22 hours ago — Business Standard
  • SBI reduces MCLR by 35 bps to 7.40% across all tenors 22 hours ago — Business Standard

• Supreme Court Extends Tenure Of TDSAT Chairperson, Expresses Concern Over Delay In Appointing Members

  “How can the tribunal function like this?” the bench asked.
  22 hours ago — Bloomberg Quint

• Tech start-ups stressed in the time of Covid-19, but the big guys rake in

  Neither Silicon Valley nor India tech Inc has been granted any real monetary respite by their governments. But in true start-up spirit, both are fighting it out
  22 hours ago — Business Standard

• SBI Cuts MCLR By 35 Basis Points Effective April 10

  “Consequently, EMIs on eligible home loan accounts will get cheaper by around Rs 24.00 per 1 lakh on a 30-year loan,” SBI said.
  22 hours ago — Bloomberg Quint

• Japan's Softbank to invest $48 million in Brazil pet products site Petlove

  Japan's Softbank Group Corp reached an agreement to invest 250 million reais ($48 million) in pet products online retailer Petlove, the companies said in a statement on Tuesday.
  22 hours ago — Reuters

• F&O: Good signs of relief for the bulls, market bounce may sustain

  On the monthly options front, maximum Call open interest is at 9,000 and then 10,000 levels.
  22 hours ago — Economic Times

• Exclusive: Glencore offers $325 million for Vicentin's stake in Argentine soy crusher Renova - sources

  Commodities trader Glencore Agriculture has bid $325 million for the minority stake in Argentine soy crushing plant Renova held by bankrupt family-owned company Vicentin, two sources close to the negotiations told Reuters.
  22 hours ago — Reuters
  • Exclusive: Glencore bids $325 million for Vicentin's stake in Argentine soy crusher Renova - sources 22 hours ago — Reuters

• Covid-19 Lockdown: Retailers Expect Around 80,000 Job Losses, Says Survey

  Industry body RAI conducted a survey of 768 retailers, which employ 3,92,963 people across India, to gauge the impact of Covid-19.
  22 hours ago — Bloomberg Quint

• Indian market will see recovery through private banks: Deepak Shenoy

  They may have some issues, but overall banking system is safe, says founder, Capital Mind.
  22 hours ago — Economic Times

• How a Mumbai start-up is helping Italian doctors test Covid-19 patients

  Qure.ai's AI-backed solution interprets X-rays to help doctors classify patients as high-, medium- or low-risk and prioritise testing accordingly
  22 hours ago — Business Standard

• Britannia Partners With Dunzo For Home Delivery Of Essentials Items

  Customers can order Britannia products through the Dunzo app by ordering from the company’s essential store.
  22.5 hours ago — Bloomberg Quint

• Delhi High Court Says Yes Bank Can’t Declare Anant Raj As NPA Due To Covid-19 Crisis

  Anant Raj argued that it defaulted on payments due on Jan.1 because of adverse effects of Covid-19 on the real estate industry.
  22.5 hours ago — Bloomberg Quint

• Moody's analyst warns credit quality of banks & NBFCs to come under pressure

  We have changed the outlook for 12 banks in the APAC region to negative, says Alka Anbarasu, VP and senior credit officer at Moody's Investors Service.
  22.5 hours ago — Economic Times

• SBI Slashes Lending Rates Across All Tenors By 0.35%, EMIs To Get Cheaper

  One-year MCLR will come down to 7.40 per cent per annum from the existing 7.75 per centfrom April 10
  22.5 hours ago — NDTV Business

• India to continue prompt fuel exports for at least two more weeks

  Indian refiners are likely to continue prompt export of refined fuels for at least another two weeks to avoid a complete shutdown after the coronavirus lockdown hit local demand, company officials said.
  22.5 hours ago — Reuters

• In a first, China knocks U.S. from top spot in global patent race

  China was the biggest source of applications for international patents in the world last year, pushing the United States out of the top spot it has held since the global system was set up more than 40 years ago, the U.N. patent agency said on Tuesday.
  22.5 hours ago — Reuters

• Chalet Hotels’ Sethi Seeks Urgent Relief Package For Hospitality Industry

  The chief executive officer of Chalet Hotels said solvency is at stake for many hotels.
  22.5 hours ago — Bloomberg Quint

• Market Movers: Private banks, pharma soar; investors get richer by Rs 8L cr

  Investors got richer by Rs 7.86 lakh crore in Tuesday’s rally as the total market-cap of BSE-listed firms rose to Rs 116 lakh crore.
  23 hours ago — Economic Times

• Exclusive: South Africa weighs 'funding for lending' type scheme for banks amid virus

  South Africa's National Treasury is considering the creation of a scheme to encourage bank lending to small businesses and consumers as one response to the coronavirus outbreak, central bank deputy governor Kuben Naidoo told Reuters on Tuesday.
  23 hours ago — Reuters

• RBI relaxes overdraft facility norms for states, UTs until September 30

  The number of days for which a state/ UT can be in overdraft in a quarter has been increased to 50 working days from the current 36 working days
  23 hours ago — Business Standard

• Coronavirus crisis spells trouble for many Egyptian breadwinners

  Squatting with other day labourers under a bridge in Cairo, 48-year-old Yasser Nagi says he has waited in vain for two weeks for work on a construction site so he can feed his family.
  23 hours ago — Reuters

• MRPL Reduces Production Of Diesel, Petrol

  The demand for diesel and petrol had fallen sharply after the lockdown was announced.
  23 hours ago — Bloomberg Quint

• Cargo Volume At 12 Major Ports Rose Marginally Till February

  These major ports handle about 60 percent of the country’s total cargo traffic.
  23 hours ago — Bloomberg Quint
  • Production At SAIL, Tata Steel Plants Down By 50%, Amid Lockdown: Sources 23 hours ago — Bloomberg Quint

• V-shaped recovery for global equities not impossible: Jim O'Neill

  It is essential for the emerging world that western markets stabilise quickly, says ex-Chief Economist, Goldman Sachs.
  23 hours ago — Economic Times

• Honda furloughs U.S. workers until May 1 as coronavirus suspends operations

  Honda Motor Co on Tuesday said that it had furloughed workers at its U.S. plants which will be closed until May 1 as demand for cars in the country has plummeted due to the spread of the coronavirus.
  23.5 hours ago — Reuters

• Hotels, restaurants, real estate were not taboo for banks

  These sectors are now prone to defaults as business has come to a near standstill during the lockdown, said experts.
  23.5 hours ago — Economic Times

• Everybody is looking for a govt bailout; there is no plan B: Kapil Kaul

  Unless the aviation promoters pitch in, government bailout would not be enough, says CEO-India & ME, CAPA.
  23.5 hours ago — Economic Times

• Indonesia sells Asia's first 50-year dollar bond to fight pandemic

  Indonesia has raised $4.3 billion, including the longest-dated U.S dollar bond ever issued by an Asian nation, to help the government fund its battle against coronavirus, the country's finance minister said.
  23.5 hours ago — Reuters

• Tech view: Bulls are back but Nifty needs to take out hurdle at 9,040

  Nifty has crossed the falling trendline, retested it and took a leap towards the 8,800 level.
  23.5 hours ago — Economic Times

• Plunging fuel demand amid COVID-19 lockdown has OMCs worried on all fronts

  Except cooking gas, which registered a spike in demand due to panic buying after the lockdown, demand for all other fuels has dropped drastically.
  23.5 hours ago — The Hindu Business

• Sensex, Nifty rise on signs of slowing virus spread in hot spots; pharma shares jump

  Indian shares recorded their biggest single-day gain in over a decade on Tuesday on signs of progress against the coronavirus pandemic around the world, while pharma stocks gained as the government partially lifted export restrictions on some drugs.
  23.5 hours ago — Reuters

• Sensex, Nifty post biggest single-day gain; Rs 7.9 lakh crore added

  NSE’s India Vix – the barometer of volatility - eased 5.86 per cent to 52.06.
  1 day ago — Economic Times

• Covid-19: Government Considering Lockdown Extension After Requests From States, Experts: Sources

  However, sources did not indicate if a final decision has been taken on the matter.
  1 day ago — Bloomberg Quint

• Growth rate of FMCG stocks in FY21 will be way below long-term average: Kunal Vora

  Lower raw material prices could cushion impact on earnings, says Senior Analyst, BNP Paribas India.
  1 day ago — Economic Times

• Covid-19: India’s Renewables Installation Could Fall Over 20% Due To Lockdown

  States with the highest infection rates correspond with areas that are favourable to the wind and solar development.
  1 day ago — Bloomberg Quint

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