Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.

The European Central Bank is certain to give the ailing euro zone economy another shot in the arm and the only question is the timing, with arguments split between a move on Thursday and holding out until July.

Saudi Arabia and Russia have a deal to extend the cuts by a month, but a policy meeting on Thursday rather than later in June is unlikely

According to bulk deal data available with the BSE, a total of 26,000,000 shares of HDFC Life Insurance Company were sold by its promoter HDFC

Prime Minister Narendra Modi last month declared a $265-billion rescue package - equivalent to 10 per cent of the gross domestic product

The Nifty ended the session at 10,062, gaining 0.83 per cent, or 83 points. The Sensex, on the other hand, rose 284 points, or 0.84 per cent, to end the session at 34,110

Uber Technologies Inc said on Wednesday trip requests were gradually picking up, but still remained significantly below prior year levels, as several countries start to lift coronavirus-led restrictions.

Wall Street rallied broadly on Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries.

More than three out of four U.S. human resource executives think more employees will continue to work from home even after the threat of the novel coronavirus subsides, according to a survey by a large business association released on Wednesday.

A gauge of global equity markets rose and the euro gained against the dollar on Wednesday, both for a seventh session, indicating strong risk appetite as easing lockdowns and hopes for more monetary stimulus boosted investor confidence.

Hospitality and tourism-related job postings dropped drastically

The U.S Commerce Department said on Wednesday that new restrictions on 33 Chinese firms and institutions it announced last month will take effect Friday.

Wall Street jumped in a broad rally on Wednesday, closing ground on all-time highs as signs of recovery from mandated economic shutdowns helped investors look beyond ongoing social unrest and pandemic woes.

Oil pulled back slightly on Wednesday after briefly jumping above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies.

Cholamandalam Investment and Finance Co. Ltd. (CIFCL) standalone net profit for the fourth quarter ended March 2020 declined to ₹43 crore after creati

Hyundai Motor India on Wednesday announced an upgrade to its online car buying platform —Click to Buy, amid expectations that customers are likely to

TVS Motor Company, the manufacturer of two-and-three-wheelers, has rolled out ‘Buy now pay after six months’ equated monthly instalment (EMI) scheme f

Nearly 75 per cent of the company's loan book is under the moratorium. It has extended the moratorium to 76 per cent of its customers.

COVID-19 and its associated safety measures, including lockdown since March 24 have taken a heavy toll on the economy, and particularly on vulnerable,

Hospitality, tourism jobs almost vanished

Porush Singh of Mastercard, talks about what this means for the digital payments industry and how new-age technologies such as AI and machine learning can revolutionize the way security and accessibility are managed

Indian R&D engineers develop app

GAIL (India) Ltd. and Energy Efficiency Services Ltd. (EESL) have signed a memorandum of understanding (MoU) for cooperation in development of trigene

Retailers, in a survey, said they received inadequate financial support from banks to recover from the impact of the COVID-19 crisis when they needed

The board of Chennai Petroleum Corporation Ltd. (CPCL) has given in-principle approval for the incorporation of a JV with Indian Oil Corporation Ltd.

The Trump administration has selected five companies as the most likely candidates to produce a vaccine for the coronavirus, the New York Times reported on Wednesday, citing senior officials.

If your tax implication is lower in the new tax regime, contribute only the minimum to NPS and shift the remaining to your SIP

The rate of interest on savings fund deposit has been reduced with effect from July 1, 2020, Punjab National Bank said in a tweet.

Canada will require most airport workers and flight crews to wear non-medical masks from June 4, but pilots will be exempt while they are on the flight deck, Transport Minister Marc Garneau said on Wednesday.

Moody's has downgraded the long-term local and foreign currency deposit ratings of HDFC Bank and SBI.

Why did Moody's take rating action on banks? Should investors be worried? Is there a chance of upgrade in the near future? Watch this edition of Business Insight to know more

The Trump administration has shelved all but one of the oil and gas lease sales it had scheduled for this month as the coronavirus pandemic has caused energy prices to crash and left U.S. drillers in crisis.

Russian President Vladimir Putin approved a state of emergency in the Arctic city of Norilsk on Wednesday after a huge leak of fuel into a river and upbraided a senior official on television over what he said was a bungled state response.

Value of total bids pegged at ₹84,000 cr.

Sanofi said on Wednesday it would review available information and run consultations before deciding whether to enroll patients again for its COVID-19-related hydroxychloroquine trials.

French farmers may reduce by half next year the area they devote to flax fibre, reversing a decade of growth for the crop used to make linen as the industry adjusts to a drop in textile demand due to the novel coronavirus epidemic.

The GAVI vaccines alliance is to launch an Advance Market Commitment (AMC) for future COVID-19 vaccines which it says will help secure access to the new shots for poorer countries.

A jump in Boeing shares led Wall Street higher on Wednesday, with investors hopeful of a rebound from a coronavirus-led economic slump amid continuing social unrest in the country.

Economists urge cash transfers to 80% of households to revive economy.

Banking, financials hog limelight

Fund house’s plan to get unit holders’ approval for the process hits a roadblock

It said that the mandate of the Reserve Bank as far as regulation of banks is concerned draws upon the considerations of protection of depositors' interest and maintenance of financial stability, which also require that the banks remain financially sound and profitable.

‘Unique axle configuration gives it an edge over competitors’

Effort to boost consumer demand includes cuts to VAT and €300 for every child in the country

Formulations business growth boosts performance

Move will risk banks’ viability, SC told

Uday Kotak, MD & CEO, Kotak Mahindra Bank, on Wednesday assumed office as president of the Confederation of Indian Industry for the year 2020-21.M

Touches a record 23% in April and May from about 11% a year ago

The national transporter saw a slight dip in its loading of fertilisers -- from 7.3 MT in 2019 to 6.56 MT this year; the revenue dipped from Rs 709 crore to Rs 289 crore.

Walmart Inc said on Wednesday it shifted firearms and ammunition out of sales floors of some U.S. stores amid nationwide protests over the death of an unarmed black man at the hands of police last week.

Global smartphone shipments will fall nearly 12% to 1.2 billion units in 2020, market research firm IDC said on Wednesday, citing lower consumer spending due to the economic impact of the coronavirus crisis.

A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country.

The complaint, led by the Employees' Retirement System of the State of Rhode Island, came after Cook on January 2, 2019 unexpectedly reduced Apple's quarterly revenue forecast by up to $9 billion, in part because of US-China trade tensions.

The Bank of Canada held its key overnight interest rate steady on Wednesday and said the impact of the coronavirus pandemic on the global economy appears to have peaked, while the Canadian economy seems to have avoided worst-case scenario projections.

On May 14, he lost his final appeal against extradition to India in the United Kingdom's Supreme Court.

Prince said that rebuilding the world from the devastating impact of the "dreadful" coronavirus pandemic presented an opportunity for those environmental causes.

Reliance Rights Issue WORLD’S BIGGEST by a non-financial issuer in 10 years

The rights shares are expected to be listed on the BSE and NSE on or around June 12, under separate ISIN, said RIL.

In a filing to the BSE, the company said the committee approved allotment of 4,000 non-convertible debentures having face value of Rs 10 lakh each on private placement basis to identified investors.

A gauge of global equity markets rose and the euro gained against the dollar on Wednesday, both for a seventh session, in signs of strong risk appetite as easing lockdowns and hopes for more monetary stimulus boosted investor confidence.

Gold fell more than 2% on Wednesday as risk sentiment improved on hopes of a recovery from a coronavirus-driven economic slump, with investors largely overlooking civil unrest in the United States and its friction with China.

Canada Goose Holdings Inc said on Wednesday it would limit shipments to department stores and focus on its own outlets and website to shore up profit margins, as it looks to cushion the blow from the COVID-19 pandemic.

Owner of Snapchat is latest social media platform to square off with the US president

Owner of Snapchat is latest social media platform to square off with the US president

Rights issue gives an existing investor the right to increase shareholding in the company

Rights issue gives an existing investor to increase shareholding in the company. The allotment of equity shares will happen on or about 10th June 2020.

"This is a rate of decline never seen in the history of IATA's traffic series, which dates back to 1990," said a press release by the organisation that has around 300 airlines as its members.

Meanwhile, distillate stockpiles climbed to the highest since September 2010, the data showed. Midwest distillate inventories rose to the highest on record, it said.

The survey, which took response from 311 retailers across India said 56 percent had outstanding term loan facilities and 52 percent did not get moratorium announced by the RBI on March 27.

Trump administration says asset class can be used in some funds within 401(k) plans

Take Jan Valenta and his wife Zuzi, who spent 9 years building a food tour company catering mainly to foreigners. Their business vanished with the coronavirus crisis that shut borders worldwide and stranded tourists at home.

U.S. oil production fell last week to 11.2 million barrels per day, the lowest since October 2018, the Energy Information Administration said on Wednesday.

Deutsche Bank could face enforcement action by New York regulators investigating its ties to the late U.S. financier and accused sex offender Jeffrey Epstein, two sources familiar with the investigation told Reuters on Wednesday.

Transactions surge outweighs any negative impact, predicts payments tech group

When OPEC, Russia and their allies agreed in April to slash oil production, little did they expect that their initiative to prop up collapsing prices would be helped by a swift drop in U.S. output.

French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as to whether business interruption losses due to the COVID-19 crisis should be covered, its CEO told Le Monde in an interview.

Airbus is looking to hold underlying jet output at 40% below pre-pandemic plans for two years, an approach which adds new pressure to cut thousands of jobs, industry sources said.

Fiat Chrysler is piloting a project in its historic Italian home of Turin to allow its hybrid plug-in cars to automatically switch to electric-only mode when entering congested city centres.

French insurer AXA said on Wednesday it would pay a 2019 dividend to shareholders, ignoring calls from EU regulators to pause the payments and conserve cash to better weather the coronavirus outbreak.

Campbell Soup Co raised its 2020 outlook after beating expectations for third-quarter results as consumers stocked up on soup and sauces during the pandemic.

According to experts, this move could delay the wind-up process of monetising the scheme assets and distributing the payouts to investors

"NLC India has issued and allotted 24,000 nos of commercial paper of face value of Rs 5,00,000 each aggregating to Rs 1,200 crore," the PSU said in a filing to BSE.

The idea of the mask, which uses a narrower protective strip to expose more of the face, is so that doctors can conduct procedures while limiting contact with the nose and mouth.

State prosecutors upgrade charges against one officer and bring cases against three others

It also said the aviation infrastructure industry is amongst the most severely impacted by the COVID-19 crisis and the setback is expected to be substantial in the near term.

For the full year 2019-20, revenue from operations was at Rs 23,098.5 crore witnessing a growth of 18.1 percent over 2018-19.

CRED conducted the survey online with over a million members across Delhi, Mumbai and Bengaluru in the first week of May.

A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country.

Hydroxychloroquine tests resume after questions were raised over critical study in Lancet

The survey suggests public sector banks have been comparatively more helpful than private banks.

Case against Pilgrim’s Pride and Claxton executives is first in long-running criminal investigation

Amending a notification dated June 30, 2017, the Central Board of Indirect taxes and Customs (CBIC) has said it is 'temporarily' reducing "the import duty on lentils (masoor) till 31st August 2020".

In the teaser of the conversation released on various social media accounts of the party, Gandhi, citing experts, is seen talking about the fear of the coronavirus disease, which, if spreads once, is difficult to get rid of.

Oil fell after touching its highest since March at more than $40 a barrel on Wednesday as doubts emerged about the timing and scale of a potential extension to the oil supply pact between OPEC and its allies.

Fund managers say stocks in the sector are available at beaten-down valuations, and large-sized banks will play critical role as credit off-take will be key to economic recovery

The decision was taken keeping in view that that movement was restricted during the lockdown

The Congress leader also said that the Centre should focus on decentralisation of power for transparency and efficiency.

The next hearing in the matter has been scheduled for June 12.

French Finance Minister Bruno Le Maire criticised U.S. threats of trade sanctions over digital service taxes, which he said clashed with its calls for G7 unity on other issues.

CBIC had earlier said 24x7 Customs clearance facility will be available at all sea ports and airports till May 2020.

OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to deepen their cuts, OPEC+ sources told Reuters.

Canada Goose Holdings Inc said on Wednesday it expected a negligible level of revenue in the current quarter after the luxury parka maker was forced to shut stores in markets across the world due to the COVID-19 pandemic.

American Eagle Outfitters Inc posted a steeper-than-expected loss on Wednesday, as sales and store traffic plummeted following coronavirus-led store closures, sending shares down as much as 10.5%.

AMC Entertainment Holdings Inc said on Wednesday there were "substantial doubts" about its ability to continue operating, if the company was forced to keep its theaters closed for a longer period because of the COVID-19 pandemic.

Fewer deals wins, delay in ramping up of existing deals and likely price cuts are key worries expected on the back of subdued demand, thanks to the disruption in the global economy

For instance Empire Market - one of the most popular places to buy illegal goods on the dark web and one of the few prominent dark web markets has 49 listings for chloroquine and hydroxychloroquine.

Experts said as the first due date for payment of the equalisation levy is fast approaching, the income tax authorities seem to be working steadily towards the implementation of this new tax and chances of its deferment look bleak.

The virus forced employers to shutter offices, factories, gyms and schools, while demand for gasoline, clothing, airline tickets, hotel rooms and restaurant meals quickly vanished.

As protests continue in the US, Rana Foroohar selects key works on the long history of racial inequality

"Consequently, the judicial work of the tribunal shall remain suspended till June 12," SAT said in a notification.

India is to allow farmers to sell produce directly to bulk buyers such as trading companies, food processors and large retailers, the farm minister said on Wednesday.

The European Commission classified the new coronavirus as a mid-level threat to workers, drawing criticism from socialist lawmakers because the move will allow less stringent workplace safety measures than if the virus was deemed a high risk.

While the 5.33 million tonnes of emergency storage -- enough to meet India's oil needs for 9.5 days -- was built in underground rock caverns in Mangalore and Padur in Karnataka and Visakhapatnam in Andhra Pradesh by the government, state-owned oil firms were in April asked to buy import oil when global rates fell to a two-decade low.

The diversified group, which is into energy, resources, airports, transportation, hospitality and life sciences sectors, has around 1,800 workforce.

The agriculture minister said the amendment will allay fears of private investors of excessive regulatory interference

The agriculture minister said the amendment will allay fears of private investors of excessive regulatory interference

Asian indexes closed higher and European markets were up in midday trading, while Wall Street futures pointed to gains on the open in the US.

In the futures market, crude oil for June delivery touched an intraday high of Rs 2,878 and an intraday low of Rs 2,716 per barrel on MCX.

Air India has handpicked 40 of its most senior pilots to fly the new aircraft that the PM, president and vice-president will use

The gold/silver ratio currently stands at 96.99 to 1, which means the amount of silver required to buy one ounce of gold.

Earlier in the day, in a separate block deal, Standard Life sold 1.3 percent stake in HDFC Life Insurance in a separate block deal.

Gold prices were trading at ₹47,884 per 10 gram in the national capital on Wednesday, according to HDFC Securities. Exact rates for Tuesday’s trade w

Lufthansa pledged tough restructuring on Wednesday, even as budget rival Wizz Air upgraded a Middle Eastern expansion - underscoring the contrasting fortunes among airlines grappling with the coronavirus crisis.

Banks should prepare for the possibility of a no-deal in post-Brexit trade talks between Britain and the European Union, the Bank of England said on Wednesday.

SoftBank Group Corp is launching a $100 million fund to invest in "companies led by founders and entrepreneurs of colour", in the latest corporate action as protests roil the United States.

While there is a fear that premium refund would mean that insurers are exposed to higher risks, the reinsurance cover would come handy.

Ice cream has not considered an essential commodity. So, during the lockdowns, there was neither manufacturing nor transportation of ice cream.

The company increased the offering to 77 million class A shares at $25 per share, valuing it at $12.75 billion. It had initially proposed to offer 70 million shares.

Gold Price Today: MCX gold futures declined by ₹196 per 10 grams - or 0.42 per cent - to ₹46,600 per 10 grams mark at the weakest level during the session.

Subscribers of RD account who could not deposit the advance instalments to get the benefit of rebate during the lockdown period may deposit the same by June 30.The rebate admissible as per the scheme provisions will be available at the time of deposit

The minimum guarantee amount, paid to producers, will not attract tax deduction at source, the Tribunal said

Campbell Soup Co raised its full-year profit and sales forecast on Wednesday after beating expectations for third-quarter results as consumers stocked up on soup, pasta sauces and salsa while they stayed at home during the pandemic.

A high proportion (67 percent) of rated project and infrastructure companies in Asia Pacific continue to have low exposure to the coronavirus-related disruptions, supported by their essential nature and predictable cashflows, Moody's Investors Service said in a statement.

Coty Inc is in talks with reality TV star Kim Kardashian West over a potential collaboration for a beauty line, the cosmetics maker disclosed in a regulatory filing on Wednesday.

OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising pressure on countries with poor compliance to deepen their output cuts, OPEC+ sources told Reuters.

Associations of German retailers and their landlords announced guidelines on Wednesday to encourage a 50% cut in rent payments during the time stores were forced to close due to the coronavirus and a lesser reduction for the next three months.

The Dutch government intends to cull the mink at farms where animals have been infected with the coronavirus, broadcaster RTL reported on Wednesday.

World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave investors confidence, despite civil unrest in the United States and rising COVID-19 tolls.

The onset of monsoon rains augurs well for the economy as agriculture accounts for about 15 per cent of the GDP and employs over 50 per cent of population.

Goldfish crackers maker Campbell Soup Co raised its fiscal 2020 adjusted profit and net sales forecast on Wednesday, as demand for its soups, biscuits and snacks surged amid stay-at-home orders to curb the spread of COVID-19.

The company, which had launched the platform in March, has invested around $1 million (around Rs 7.5 crore) to develop it to offer customer services from booking of cars to test drive to financing and delivery at home.

Bajaj Finance share has gained 40% in last five sessions hitting intra day high of Rs 2496 today compared to Rs 1,783 on May 27 last week

So far only entities permitted or licensed by the government or by PNGRB can retail CNG to automobiles and piped cooking gas to household kitchens in authorised geographical areas.

"This marks the beginning of orders for new semester for this year indicating re-start of operations in EU and US post-COVID lockdown," it added.

Extending its winning streak to the sixth session, equity benchmark Sensex surged 284 points on Wednesday, led by gains in HDFC twins, ICICI Bank and

Oil fell after touching its highest since March at more than $40 a barrel on Wednesday, pressured by doubts that an early meeting of OPEC and its allies to extend existing output cuts will take place.

On March 26, the government had announced the Rs 1.70 lakh crore relief package to help the vulnerable sections of the society deal with the COVID-19 crisis. The package entails free food grains and cash payment to women, elderly, farmers and others.

On the Multi Commodity Exchange, copper contracts for delivery in June traded higher by 55 paise, or 0.13 per cent, at Rs 423.35 per kg in a business turnover of 3,513 lots.

As per the revised criteria, a unit with Rs 50 crore of investment and Rs 250 crore of turnover will fall under the 'medium' enterprise category.

Updates from the world of economy, markets, and finance

It further said amid a crimped demand for coal, in what would be an encouraging sign for CIL, coal off take was up at 39.95MT in May compared to 39.06MT in April

Updates from the world of economy, markets, and finance

Government think-tank NITI Aayog’s suggestions include allowance of ‘long term private capital’ in the banking sector, besides provision of banking licenses to select industrial houses under strict qualifications

Bharat Biotech vaccine candidate called as BBV87 vaccine is an inactivated whole virion vaccine based on a strain derived from an East, Central, South African (ECSA) genotype.

Who says the sellside are too short-term orientated?

EPFO has carried out a major rectification exercise relating to name, Aadhaar and date of birth of its subscribers.KYC enables PF members to make a withdrawal claim online

Oil climbed above $40 a barrel for the first time since March on Wednesday, supported by signs of recovery in coronavirus-hit demand, lower U.S. inventories and expectations that OPEC+ will keep oil output cuts in place.

BSE EBIX will offer health insurance products in association with Religare Health Insurance

The rupee surrendered all intra-day gains to provisionally settle 11 paise lower at 75.47 against the US dollar on Wednesday, even as domestic equiti

Taking note of the extraordinary circumstances and the uncertainty in the business environment, Amara Raja Group Promoters holding the office of Managing Director in various businesses have voluntarily agreed for up to 50 percent reduction in their total remuneration for the current fiscal, a press release from the group said.

Cred analyzed the spending pattern of over a million members across three metros—Delhi, Mumbai and Bengaluru..Spends on online subscriptions rose 18%, followed by Bengaluru (11%) and Mumbai (8%) in April.

Personal loans are one of the most expensive categories of loans you can avail.If you opt for a personal loan, expect to pay an interest rate of anywhere between 9% and 20% per annum

Trump administration to halt flights unless American carriers are allowed back into China

Earlier last week, the company had told bourses that one of its promoters, Adani Properties Private Ltd, has proposed volunteer delisting of the company shares.

Gold prices extended losses on Wednesday as equities jumped to three-month highs on optimism over global economic recovery, though losses were limited by a weaker U.S. dollar and civil unrest in the Unied States.

Though SEZs have been permitted to resume operations with certain conditions on staffing and hygiene, as some states continue to seal borders and place further restrictions.

A three-member NCLAT bench upheld the order passed by fair trader regulator CCI, which had earlier rejected a plea seeking probe against Ola and Uber alleging unfair price fixation mechanism and abuse of dominant position by them.

The lower flying time, as compared to 70 hours earlier, would mean that the senior pilot's pay could come down to as low as Rs 2.6 lakh a month

Social media is allowing teenagers like my daughter to show solidarity – but I want her to hear different views too

Sonalika Group Executive Director Raman Mittal said the company was able post healthy growth despite the challenging situation due to a slew of measures taken to enhance the bond with its channel partners, customers and community.

Lender follows similar moves by Swire and Jardine Matheson

President had threatened to invoke a law allowing him to send active-duty military into states

Rupee vs Dollar: The rupee moved within a range of 75.35-75.61 during the four-hour session, having started the day nearly unchanged at 75.56 compared to its previous close.

The board will meet on June 12, to consider raising of funds by way of issuance of securities including but not limited to secured/unsecured redeemable NCDs on private placement basis.

Bank of England Governor Andrew Bailey has told banks to step up their plans for the risk of Britain failing to reach a post-Brexit trade deal with the European Union before a deadline at the end of 2020, Sky News reported on Wednesday.

The fifth ST policy of the country is being formulated at a crucial juncture when India and the world are tackling the COVID-19 pandemic.

In the futures market, silver for July delivery touched an intraday high of Rs 49,210 and a low of Rs 48,670 per kg on the MCX.

Amazon India on Wednesday said it was expanding its Packaging-Free Shipping (PFS) initiative to over a 100 cities in the country. According to Amazon,

The Japanese company accuses Hero Electric of copying the rear cover, front and rear lamp designs of its Moove electric scooter.

The development assumes significance as Coal India (CIL), which accounts for over 80 percent of the domestic fuel output at present, has sufficient fuel to cater to the demand.

Oil rose on Wednesday, topping $40 a barrel for the first time since March, supported by lower U.S. inventories, expectations OPEC+ will keep oil output cuts in place and signs of demand recovery from the coronavirus crisis.

Share price of HUL gained 1.94% to Rs 2,148 against previous close of Rs 2,107 on BSE. HUL share has gained 7.21% in last 6 days

According to the Australia Bureau of Statistics, Gross domestic product (GDP) grew just 1.4 percent in the 12 months to March 31 as the economy took a hit from the bushfires and the beginning of the coronavirus crisis.

World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave investors confidence, despite civil unrest in the United States and rising COVID-19 tolls.

Furlough schemes help shield workers from worst of pandemic’s economic impact

EPFO has promised to settle all Covid related PF withdrawal claims under the automatic mode within 3 days.EPF subscribers who had earlier applied for other claims can also claim under the Covid rule for faster processing of claims

Updates from the world of economy, markets, and finance

Bidders for five Singapore digital bank licences on offer will have to factor in how the COVID-19 outbreak has impacted their funding and profitability plans, as the central bank kicks off interviews with applicants over the next few weeks, three sources aware of the matter said.

Government-led initiatives like the BharatNet project would also drive revenue growth, said Gandharv Tongia, chief financial officer of Polycab.

Lufthansa has pledged a wide-ranging restructuring, from job cuts to sales of non-core assets, as it seeks to repay a 9 billion euro ($10.1 billion) state bailout and navigate deepening losses in the face of the coronavirus pandemic.

French service sector activity improved more than initially thought in May as the country began emerging from a nationwide coronavirus lockdown, although it remained at depressed levels, a monthly survey showed on Wednesday.

Saregama share price opened with a gain of 2.95% at Rs 286.30 against previous close of Rs 278.30 on BSE

Saregama share price opened with a gain of 2.95% at Rs 286.30 against previous close of Rs 278.30 on BSE

Clashes with police continue around the country but violence eases

Clashes with police continue around the country but violence eases

It also opens up other avenues for farmers such as cold storages, godowns (warehouses) and licensed private markets, besides e-commerce platforms such as Amazon and BigBasket

According to a report, Mumbai has the highest number of vacant homes in the country at five lakh, followed by Delhi and Bengaluru..The pandemic has created a lot of questions marks about the economy and jobs.

While the pandemic has changed myriad aspects of American life in ways we are still starting to see (will anyone ever go back to a desk job?), none may be as pervasive as the new ways we shop and eat

(This corrects paragraph 17 to say furloughed workers increased by 4.2 million, not to 4.2 million. Also corrects comparison period to April 2019 from March 2020 in May 29 story.)

The sanitisation hub has been set up at the Uber pickup zone of the BLR Airport, it said in a statement. Uber has made similar arrangements at the Delhi and Hyderabad airports as well.

Gold fell for a second straight session on Wednesday as stocks jumped on hopes for further stimulus and optimism about an economic recovery, dampening demand for the safe-haven metal.

"The estimated quantum of loss due to COVID-19 lockdown for first quarter of 2020-21 is around 87,000 vehicles and around 30,000 tractors," MM said in a regulatory filing.

Strong reception for biggest US IPO this year values music group at $12.8bn

If another cold war is afoot, the US goes into it with less of the cohesion that primed it for the first

Pascal Cagni, the former head of Apple in Europe, has raised 80 million euros (approx. $88 million) .

Exeltis Healthcare SL, Cresco Pharma BV and Macure Pharma ApS will commercialise NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic (NDM) disorders in certain European Union (EU) territories, Lupin said in a statement.

The Nifty50 index reclaimed the psychological level of 10,000 for the first time since March 13

PFS is a sustainable packaging solution in which customer orders are shipped in their original packaging without any additional packaging, or significantly reduced packaging, it said in a statement.

Extending sharp losses from the previous session, gold prices for June futures on the Multi Commodity Exchange fell by Rs 196, or 0.42%, to Rs 46,600 per 10 gm

Globally, indices turned green as investors turned optimistic over prospects of more government stimulus and eased lockdowns across the world

Earlier the stock price of Indusind Bank opened with a gain of 3.46% and later touched an intraday high of Rs 452, rising 3.94% on BSE, on back of rally in banking indices

Interest rates are slashed to encourage customers to hold less money in banks and promote spending.

Nearly 80 aircraft are parked at the airport.

Nearly 80 aircraft are parked at the airport.

Trend challenges theory that large share sales suck out secondary market liquidity, say analysts.

Lufthansa vowed to step up up restructuring measures after posting a first-quarter net loss of 2.1 billion euros ($2.35 billion), days after agreeing a state bail-out amid the fallout from the coronavirus pandemic.

Bankruptcy proceedings were initiated last year against the company, which owes about ₹475 crore to banks

Share price of Motherson Sumi gained 3.53% to Rs 105.5 intra day against previous close of Rs 101.90 on BSE

While most businesses across the United States remained shuttered due to the coronavirus pandemic, Terry Sawyer, co-founder of Hog Island Oyster Co had plenty of work to stay busy.

The company’s profit sky-rocketed to USD 27.0 million compared to USD 0.2 million in the year-ago quarter.

Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.

Commissioner says countries would never follow Trump and urge military to quell protests

If it is to comply with Reserve Bank of India (RBI) mandates, the private sector lender requires at least Rs 4,000 crore of equity this year

Global shares vaulted to a near three-month high on Wednesday as hopes of more stimulus and further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest.

We dive into the books of the prestigious finance exam body.

Argentina, in default since last month, is tantalizingly close to pulling off a $65 billion debt restructuring deal with creditors but still faces a complex set of hurdles to avoid falling into what one bondholder called debtor "zombie land."

Foreign ministry warns Britain to ‘step back from the brink’ and stop interfering

The unfavourable economic effects of the coronavirus pandemic impaired business operations, restricted consumer footfall and led demand to collapse, the survey said.

The last time it contracted for three consecutive months was from November 2016 following the ban of high-value currency notes, which severely hurt consumption.

The Dynamic Spectrum Refarming (DSR) technology, helps in enhancing user experience with optimal use of spectrum assets.

European equities notch up third day of strong gains as investors shrug off US unrest

European equities notch up third day of strong gains as investors shrug off US unrest

Forex traders said heavy buying in domestic equity market, sustained foreign fund inflows and upbeat risk appetite supported the rupee.

This partnership will allow users to choose from a wide variety of music to add to their social experiences such as videos, stories via music stickers and other creative content, a statement said.

Kingdom could supply extra 1m barrels per day from July, sources say

Kingdom could supply extra 1m barrels per day from July, sources say

Decision to ban June 4 event comes amid worries over Beijing’s growing assertiveness

US West Texas Intermediate crude (WTI) gained 33 cents, or 0.9%, at $37.14, also the highest since March 6

Bailouts will set back European air travel even more than the pandemic itself

Bajaj Finance share has gained 40% in last five sessions hitting intra day high of Rs 2496 today compared to Rs 1,783 on May 27 last week

German airline Lufthansa posted a net loss of 2.1 billion euros ($2.35 billion) in the first quarter, writing down the value of assets as the coronavirus pandemic hits the travel sector.

Britannia Industries reported a consolidated profit of Rs 374.75 crore in the fourth quarter ended March 2020, registering a growth of 26.1 per cent on a year-on-year basis.

Britannia Industries reported a consolidated profit of Rs 374.75 crore in the fourth quarter ended March 2020, registering a growth of 26.1 per cent on a year-on-year basis.

Last updated 11:45am BST. Featuring LVMH/Tiffany, Chemring, Ibstock, Forterra, Marks & Spencer, Carnival, Renault, Tui, Dufry and some strategy bumf.

Facebook and Instagram users can now add music from Saregama to their posts

Chief executive Thomas Buberl says the decision reflects a ‘balanced approach’

Any new investment would add to the $10 billion that Jio Platforms has raised in recent weeks as it starts on early preparations for an overseas listing.

Any new investment would add to the $10 billion that Jio Platforms has raised in recent weeks as it starts on early preparations for an overseas listing.

Any new investment would add to the $10 billion that Jio Platforms has raised in recent weeks as it starts on early preparations for an overseas listing.

The India-Mauritius Double Tax Avoidance Agreement (DTAA) was amended in 2016 to curb misuse of the tax treaty.

If you have bought an electronic item or any gadget, and are paying your EMIs, you are eligible for a moratorium on these loans..However, if you opt for a moratorium in case of a no-cost EMI, you may end up paying a very high rate of interest on the outstanding loan amount.

In the last one week till June 2, Tata Motors surged 14.06 per cent as compared to 7.02 per cent gain in the S&P BSE Sensex

The board of directors of Adani Power is scheduled to meet today to consider the proposal for the voluntary delisting of the equity shares of the company.

The gradual reopening of economies world over has fuelled bullish trend in global markets.

Holiday operator says €300m rebate covers ‘significant portion’ of financial impact from stranded jets

At 09:40 am, around 26.2 million equity shares, representing 1.3 per cent of total equity of HDFC Life Insurance, changed hands through block deals on the BSE

Updates from the world of economy, markets, and finance

The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May

Asian shares vaulted to a near three-month high on Wednesday as hopes of more stimulus and further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest.

Gold traded steady on Wednesday after snapping a three-session winning streak in the previous day, as a rally in equity markets on hopes of more stimulus offset some support from a weaker dollar.

For the sixth consecutive month, Bajaj’s two-wheelers exports were higher than its domestic two-wheeler sales.

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and a recovery from the coronavirus pandemic will spur fuel demand.

It is the only drug so far that has shown significant effect on patients infected with COVID-19.

Growth, asset quality and NPA resolutions remain key metrics to be watched for the entire lending space given uncertainty regarding the return to normalcy amid Covid-19 pandemic, say analysts

Growth, asset quality and NPA resolutions remain key metrics to be watched for the entire lending space given uncertainty regarding the return to normalcy amid Covid-19 pandemic, say analysts

Some non-profit organisations have been instrumental in supporting these changes, and driving a positive societal impact.

Some non-profit organisations have been instrumental in supporting these changes, and driving a positive societal impact.

Some non-profit organisations have been instrumental in supporting these changes, and driving a positive societal impact.

Asian shares vaulted to a near three-month high on Wednesday as hopes of more stimulus and further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest.

ICICI Bank said interest rate on all deposits of less than ₹50 lakh has been cut to 3%.SBI has also reduced interest rates on savings deposits

The biscuit maker reported a 26% rise in profit at Rs 374.7 crore during the quarter ended March 31, 2020 against Rs 297.2 crore profit recorded in a year-ago period, helped by lower tax costs

The private sector lender has cut interest rate on all deposits of less than Rs 50 lakh to 3 per cent, a reduction of by 25 bps against the existing 3.25 per cent.

The private sector lender has cut interest rate on all deposits of less than Rs 50 lakh to 3 per cent, a reduction of by 25 bps against the existing 3.25 per cent.

At 9:26 am, the Sensex traded 510.81 points - or 1.51 per cent - higher at 34,336.34 while the Nifty was up 154.75 points - or 1.55 per cent - at 10,133.85.

Gains across sectors - led by financial and automobile stocks - pushed the markets higher.

At 9:26 am, the Sensex traded 510.81 points - or 1.51 per cent - higher at 34,336.34 while the Nifty was up 154.75 points - or 1.55 per cent - at 10,133.85.

The markets are likely to open in the green, continuing their gains of the five previous trading sessions, on the back of positive cues from the global front.

The markets are likely to open in the green, continuing their gains of the five previous trading sessions, on the back of positive cues from the global front.

Share price of InterGlobe Aviation has gained after 3 days of consecutive fall

U.S. crude oil stocks dropped, while gasoline and distillate inventories increased, data from industry group the American Petroleum Institute showed on Tuesday.

The use of batteries for energy storage is expected to grow faster than that of other flexible assets in the period to 2030 and beyond, as renewable energy generation expands, consultancy Wood Mackenzie said in research published on Wednesday.

Situation is ‘not the same as it used to be’, says Japanese bank’s chief executive

During the first phase of lockdown till April 19, the company said its offices, storage locations and production facility remained closed, and the company maintained minimum level of operations to ensure timely supply of goods and services to its customers in the essential sectors.

A rally in Chinese lead prices buoyed by a supply shortage could soon come to an end amid a weak demand recovery and a rebound in domestic supplies.

Next target for the Nifty is seen at 10,160 and 10,550

South Korea unveiled on Wednesday a 35.3 trln won ($28.8 billion) supplementary budget, to raise the total stimulus to 270 trillion won for an economy facing its worst growth since the 1998 Asian financial crisis due to the coronavirus pandemic.

Airline suffered €2bn loss in first three months of 2020

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

Catch all the live market updates here

All that happened in the markets today

Shift comes as Stockholm promises a commission to investigate approach to pandemic

U.S. West Texas Intermediate (WTI) crude futures gained 68 cents, or 1.9%, at $37.49 a barrel. It rose to as much as $37.88, also the highest since March 6

The spring started out rosy for the Indian arm of ClearScore, a company that offers online credit scores and loans.

The gold price today for 24-carat gold in New Delhi fell to Rs 47,150 from Rs 47,700 per 10 gram. Gold rate in Chennai is Rs 49,170 and Mumbai Rs 46,950

Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic.

On the equities front, the 30-share BSE benchmark Sensex was quoting 361.71 points higher at 34,187.24 and broader Nifty rose 107.80 points to 10,086.90.

Following the lending rate cut, stock price of ICICI Bank opened with a gain of 2.24% today and later touched an intraday high of Rs 366.05, gaining 5.04% on BSE against the closing value of Rs 348.50

President threatens to send soldiers on to the streets to quell unrest

President threatens to send soldiers on to the streets to quell unrest

Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.

Asian stocks were poised to follow the global rally on Wednesday as hopes of more government stimulus bolstered riskier assets and overshadowed a host of other worries from the coronavirus to Hong Kong and growing U.S. civil unrest.

Tata Motors share gained 5.13% to Rs 101.45 compared to the previous close of Rs 96.50 on BSE

Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in "private" mode.