Car market leader Maruti Suzuki will assist three different companies in producing ventilators, masks and protective clothing

SpiceJet has also offered to do the same

Here is the complete look at all the major developments of the week

The advanced diagnostic kits with a high level of accuracy can help serve over 25,000 people, the company said in a statement

For ensuring uninterrupted power supply, the Power Ministry has also announced that payment security will be reduced by 50%.

State Bank of India (SBI) on Friday announced a cut of 75 basis points in its lending rates, hours after the Reserve Bank of India (RBI) announced a reduction of the same magnitude in the repo rate....

State Bank of India (SBI) on Friday announced a cut of 75 basis points in its lending rates, hours after the Reserve Bank of India (RBI) announced a reduction of the same magnitude in the repo rate....

JSW Steel, SAIL and RINL have also cut production. Tata Steel is expected to make an announcement soon

The IMF chief said the COVID-19 disease is adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows.

Abbott's testing kit will be major game changer, as currently even in advanced countries like US and Europe, it is taking 24-48 hours to get laboratory test result.

Abbott's testing kit will be major game changer, as currently even in advanced countries like US and Europe, it is taking 24-48 hours to get laboratory test result.

Abbott's testing kit will be major game changer, as currently even in advanced countries like US and Europe, it is taking 24-48 hours to get laboratory test result.

"Post receiving the shipment, the kits will be distributed in consultation with the Centre, and state governments to the hospitals in affected areas," it added.

In India, we’ve been banging on about the need for a stiff dose of economic stimulus. A support package is all the more necessary for vulnerable firms that were little better than zombies even before the coronavirus crisis hit

As claims mount due to COVID-19 cases globally, insurers will begin hiking premiums once the cases subside

India is currently under a 21-day lockdown from March 25 to curb the spread of coronavirus. Therefore, all domestic and international commercial flights have been suspended during this period.

Alphabet Inc will donate more than $800 million (645 million pounds) in funds towards producing medical supplies used to fight COVID-19, and in ad credits to government and health organizations and businesses, Chief Executive Officer Sundar Pichai said on Friday.

Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader.

United Airlines Holdings Inc and Delta Air Lines welcomed on Friday a $50 billion (40.1 billion pounds) relief package they said would protect jobs through September but warned that the continued challenges facing the industry will require more action.

WASHINGTON - A U.S. recession may already be underway. Could it be worse?

After the market closed, President Donald Trump signed the stimulus package into law.

Apparent success in containing illness has led to complacency, medical experts warn  

Bank unions cite problems the staff faced in reaching branches.

Closures at asset management arm AGI come as hedging strategies went awry in market rout

To ease impact of lockdown, repo and reverse repo rates reduced; EMIs deferred for three months.

Virus-hit developing nations need dollops of funding

According to the Budget announcement, unitholders had to pay tax on dividend income distributed by REITs/InvITs

B.P. Kanungo, Deputy Governor of the Reserve Bank of India (RBI), was given a one-year extension of service by the Central Government on Friday. His e

While banks may not face pressure on asset quality, their income statements may be hit.

Rupee gains after action by the central bank

Bleak growth outlook, lack of steps to revive economy remain concerns

ChPT procures 67% stake worth ₹2,383 crore

Jewellery, as an industry is grappling with zero cash flows due to COVID-19 driven lockdown in the country, says Titan Company Ltd.However, the compan

Two days after the nation-wide lockdown, Ola, ride-hailing platform, has announce the launch of ‘Drive the Driver Fund’ under the aegis of its social

Diversified miner Vedanta Ltd said on Friday Chief Executive Officer S Venkatakrishnan has resigned due to personal reasons, less than two years after he took the helm.

In separate circulars, the regulator said merchant bankers and other intermediaries can submit all relevant documents like draft red herring prospectus (DRHP) in PDF form through email to Sebi.

Traders have chartered at least five supertankers in the past day with options to store oil at sea as global stocks mount after the United States ditched plans to purchase oil for its emergency reserve, shipping sources said on Friday.

Metropolis Healthcare Ltd., a leading pathology company which has been approved by the Indian Council of Medical Research (ICMR) to conduct COVID-19 t

Sensex yo-yoes to settle in the red

The company said Sunil Duggal, whole-time director and CEO of Hindustan Zinc Ltd, a subsidiary of Vedanta, will take additional charge as an interim CEO of Vedanta Ltd from April 6.

Even India's largest healthcare chains like Apollo Hospitals has warned about the "total crash of the system" if government doesn't step in .

The company has received an approval from the US Food Drug Administration (USFDA) to market Hydroxychloroquine Sulphate tablets

The coronavirus has already plunged the global economy into recession, IMF Managing Director Kristalina Georgieva said on Friday, adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows.

A raft of programs from the U.S. central bank and a $2 trillion rescue bill nearing approval in Congress are aimed at providing relief during a "self-mandated" recession "so that when the virus is defeated we can walk, we can run, and then we can sprint out of this," Dallas Federal Reserve bank President Robert Kaplan said on Friday.

Assets to be transferred; central functions to remain at TML

‘Current economy requires massive dose of monetary stimulus, RBI has done it’

Rupee gains after action by the central bank

The board of directors of Dr. Reddy’s Laboratories on Friday gave its approval for the company to borrow up to ₹2,000 crore.The borrowings can be eith

Central bank to infuse ₹3.74 lakh cr. into banking system

Regulator announces moratorium on term loan repayments

Investors rushed into cash and out of bonds at a record pace over the past week as the coronavirus pandemic caused mayhem in markets, BofA said on Friday, though it noted a key positioning signal at "maximum bearish" could signal a big rally ahead.

Blackstone pays ₹2,000 crore of the ₹2,700-crore deal

U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic.

Physical gold dealers struggled to meet surging safe-haven demand this week, especially in Singapore, as the coronavirus outbreak choked global supply chains, while massive discounts were offered in India amidst a lockdown.

The International Accounting Standards Board said on Friday its rule forcing banks to provision for losses on loans should not be applied in a mechanistic way during the coronavirus epidemic.

Oil prices plunged more than 5% on Friday and were on track for a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.

Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets despite rising pressure from Washington to stop a price rout amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader.

U.S. President Donald Trump blasted General Motors Co and Ford Motor Co on Friday, calling on the two U.S. automakers to quickly build badly needed ventilators for COVID-19 patients and suggesting he might invoke the Defense Production Act to force the companies to move faster.

COVID-19 will have an adverse impact on the sector: EY

She, however, said a recovery in 2021, in fact a sizeable rebound, may be a possibility, provided the spread of the virus is contained.

U.S. Representative Thomas Massie enraged President Donald Trump as he has leaders of Congress trying to delay a planned Friday voice vote on a $2.2 trillion coronavirus economic rescue plan, drawing calls from the White House to throw him out of the Republican Party.

The flagship of the conglomerate founded by the late VG Siddhartha said in a statement that it had received Rs 2,000 crore as part of the first tranche from American private equity giant Blackstone

Passenger demand has fallen as COVID-19 hits airline sector

The employee, Mujeeb Mohammad, had allegedly posted: "Let's join hands, go out and sneeze with open mouth in public. Spread the virus [sic]."

Vedanta Limited has appointed Sunil Duggal, CEO, HZL as Interim Chief Executive Officer of the company as Srinivasan Venkatakrishnan will be stepping

TVS Motor Company and die-caster Sundaram-Clayton Ltd. (SCL) have announced spending of ₹30 crore to support the nationwide efforts to curb the spread

President Donald Trump urged General Motors Co and Ford Motor Co on Friday to quickly build badly needed ventilators for COVID-19 patients and suggested he could invoke the Defense Production Act.

Stating that the auto component industry is facing losses of up ₹1,200 crore per day amid a country-wide lockdown, industry body ACMA on Friday sought

State-owned NTPC has agreed to acquire the government’s stake in THDC India Limited (THDCIL) and North-Eastern Electric Power Corporation Limited (NEE

Carmaker says it is working ‘around the clock’ in meeting ‘urgent need’ for coronavirus gear

The way we will behave and do business, will undergo a metamorphosis in the years that follow the novel coronavirus. And it is best to be prepared.

U.S. Representative Thomas Massie enraged President Donald Trump on Friday as he has leaders of Congress worried he will delay a planned Friday voice vote on a $2.2 trillion coronavirus economic rescue plan, drawing calls from the White House to throw him out of the Republican Party.

The U.S. House was poised on Friday to pass a $2.2 trillion coronavirus relief package, with Democratic and Republican aides saying enough members had flocked to the Capitol to override a holdout Republican lawmaker who threatened to delay passage.

Doubts about the fate of the U.S. economy in the face of the coronavirus hammered Wall Street again on Friday, halting its best three-day bounce in almost a century as the number of cases across the country skyrocketed.

Measures to contain the spread of the coronavirus have cut oil demand in the United States, Europe and China by around 15-20 million barrels per day, Russian Deputy Energy Minister Pavel Sorokin told RBC TV on Friday.

Economic relief package includes cheques for most Americans and bailouts for big companies

Economic relief package includes cheques for most Americans and bailouts for big companies

UK Prime Minister Boris Johnson tested positive for COVID-19 and isolated himself. Here are other key developments from today:

UK Prime Minister Boris Johnson tested positive for COVID-19 and isolated himself. Here are other key developments from today:

The disruptions highlight the difficulties of ensuring the supply of essential goods to 1.3 billion people during the shutdown in India, which has so far reported 724 cases of coronavirus and 17 deaths.

Few industries have escaped the effects of the pandemic 

The lender has also reduced interest rates on retail and bulk deposits by between 20 to 100 basis points across various tenors

US president said carmakers had been moving too slowly to make gear needed for virus outbreak

Armed with hand sanitizer and discouraged from using elevators, members of the U.S. House of Representatives convened on Friday to quickly pass a sweeping $2.2 trillion coronavirus stimulus bill as President Donald Trump criticized a Republican lawmaker who threatened to delay passage.

The rupee hit an all-time low of 76.15 against the US dollar on March 23 as foreign investors continued to withdraw money from domestic equity and debt market amid uncertainties due to the fast-spreading coronavirus.

Russian gas giant Gazprom on Friday said one of its employees had tested positive for coronavirus after falling ill while on holiday within Russia.

New architecture would enable cutting-edge technologies but western countries fear more control for state-run internet services

"This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic," the bank said of the change in the so-called overnight lending rate.

Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop.

Leading British fashion chain Next has bowed to pressure from workers worried about their health and shut its online business, cutting off its remaining source of revenue during the coronavirus outbreak.

IRDAI extends validity of the rates beyond March 31

Traders seek safer assets ahead of weekend as economic impact of virus keeps growing

Other Indian airlines have already announced their cost-cutting measures as there has been a drastic fall in revenues due to coronavirus outbreak.

Curfew on nation’s 1.4bn people leads to severe disruptions, hardship and widespread confusion

Huawei is developing the technology for a new network. But what does this mean for the rights of users?

Thng said the annual salary increment exercise for all eligible staff will be deferred from April to July 1 and an appropriate decision shall be taken then.

Over Rs 2.59 trillion worth of debt papers see downward rating in February

Fixated on re-election, the president has struggled to respond as the pandemic takes hold in the US

Armed with hand sanitizer and discouraged from using elevators, members of the U.S. House of Representatives convened on Friday to quickly pass a sweeping $2.2 trillion coronavirus stimulus bill, though it was unclear whether they would be forced to delay.

Authorities warn peak has not been reached yet while western hotspots see record fatalities

Authorities warn peak has not been reached yet while western hotspots see record fatalities

"Our term loan book is fairly large and I think Rs 2-2.5 trillion gets paid every year, so for three months it would be Rs 50,000-60,000 crore," the bank's chairman Rajnish Kumar told reporters.

"Our term loan book is fairly large and I think Rs 2-2.5 trillion gets paid every year, so for three months it would be Rs 50,000-60,000 crore," the bank's chairman Rajnish Kumar told reporters.

The Dow Jones Industrial Average fell 653.70 points, or 2.90 percent, at the open to 21,898.47.

The SEC also suspended the Chinese tech firm due to its inability to comply with public disclosure norms since 2015

The company has been averaging 2.56 MTs production per day during the current month with supplies averaging 1.75 MTs.

Hopes of turnaround prove premature after brief respite in the rising number of fatalities

The peak demand met was down mainly due to lower demand from industry and state power distribution companies (discoms) across the country due to the lockdown.

World’s biggest carmakers reveal costs of pandemic shutting down factories around world

Cognizant Technology Solutions Corp will pay an extra 25% of base pay to some employees in India and the Philippines as a majority of its offshore workforce work from home amid the coronavirus pandemic, taking on extra work, Chief Executive Officer Brian Humphries said.

Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war.

Ten of the 12 richest clubs in talks over salary curbs as they look to weather shutdown 

Gold eased on Friday after five straight days of gains, but was still set for its largest weekly rise since December 2008 on safe haven demand as the coronavirus led to a surge in U.S. jobless claims and wreaked havoc on the global economy.

Oil prices fell on Friday as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world and the United States faced the prospect of becoming the next global epicentre of the pandemic.

Forex traders said stimulus measures announced by the RBI and FPIs turning net buyers in capital markets boosted investor sentiment.

The broader trend on Comex could be $1,595-1,645 and on the domestic front, prices could hover in the range of RS 42,800-43,700, said Navneet Damani, Vice President, Motilal Oswal.

The broader trend on Comex could be $1,595-1,645 and on the domestic front, prices could hover in the range of RS 42,800-43,700, said Navneet Damani, Vice President, Motilal Oswal.

The rupee opened on a positive note at 74.60 and touched a high of 74.35 in late morning trade. Later it erased the gains to end 27 paise higher at 74.89 against the American currency.

Suppliers say offers were ignored while EU says Britain knew of joint procurement plan

European stocks fell on Friday, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus pandemic despite hopes for further stimulus measures to combat its economic impact.

E-commerce companies including Amazon and Flipkart are facing disruption in India just three days into a lockdown to fight the coronavirus pandemic, despite government assurances they would not, sources familiar with the matter said on Friday.

Malaysia's Karex Bhd makes one in every five condoms globally. It has not produced a single condom from its three Malaysian factories in the past 10 days due to a lockdown imposed by the government to halt the spread of the virus.

US president calls on carmakers to bolster supplies to help combat coronavirus

Aviation regulator Directorate General of Civil Aviation (DGCA) has extended the suspension of domestic flights by a fortnight till April 14.

Aviation regulator Directorate General of Civil Aviation (DGCA) has extended the suspension of domestic flights by a fortnight till April 14.

Central bank ramps up efforts to stop coronavirus triggering a credit crunch in Europe 

Shilling never sleeps.

While the regulator had put out a draft on March 5 proposing a marginal hike in third party premiums, this decision has been deferred until further notice.

While the regulator had put out a draft on March 5 proposing a marginal hike in third party premiums, this decision has been deferred until further notice.

A Bench of Justices Arun Mishra and Deepak Gupta, which heard the matter on Friday through video-conferencing, made it clear that no BS-IV vehicles will be allowed to be sold in Delhi-NCR from April 1, 2020.

Historic economic relief package sent to Donald Trump to be signed into law

"We are sending a clear signal of how seriously industry is taking the pandemic and the need to act as one team," said David Ricks, Chairman and CEO of Eli Lilly and IFPMA President.

Video conferencing, file sharing, messaging… below are the most crucial WFH apps that you should use

Global economy likely to contract by 0.5%

US currency had been moving sharply higher before 14 lines were deployed

Are your credit card payments deferred? Here's what the RBI has to say

What happens to your EMI burden? Which kinds of loans will the moratorium apply to? What about the interest component? Read on

This would lead to an estimated loss of $300-450 billion (272-408 billion euros) in international tourism receipts, the Madrid-based UN body said in a statement.

Approval indicates China will continue to open its financial markets

With this, the total disinvestment proceeds in the current financial year stand at over ₹46,500 crore.

Reliance Industries Ltd is seeking to sell some April-loading crude cargoes in a rare move as it plans to cut crude processing after the coronavirus pandemic hit global fuel demand, four sources said on Friday.

The industry body said transactions have fallen and majority of the BC outlets are not functional.

Kumar, who is also Chairman of the Indian Banks' Association, said RBI's steps were necessary and would help kick-start the economy

Investor denies CNBC interview was designed to increase profits on his $2.6bn credit bet

"The major issue we are facing is lack of manpower, particularly loaders. I have received the products from the manufacturer but how do I distribute?” said a Mumbai-based distributor of Marico and RB India (Reckitt Benckiser)

Phishing attempts have risen by three times and even work from infrastructure is not safe, according to study by PwC's cybersecurity team

India fulfils around two-third of its edible oil requirement through imports.

India is in a nationwide lockdown till April 14 to contain the spread of COVID-19.

Updates from the world of economy, markets, and finance

Reliance Industries Ltd is seeking to sell some April-loading crude cargoes in a rare move as it plans to cut crude processing after the coronavirus pandemic hit global fuel demand, four sources said on Friday.

A break up of PV business from the main entity allows Tata Motors to unlock value in the new subsidiary

A break up of PV business from the main entity allows Tata Motors to unlock value in the new entity

NSE Nifty closed 18.80 points higher.

Discharge of imported edible oil has been delayed at Kandla port in Gujarat as a government agency is struggling to provide necessary certificates due to the coronavirus lockdown, the Solvent Extractors Association of India said on Friday.

There is a perception that switching on a room air conditioner will lead to COVID-19 infection.

Tata Motors Ltd said on Friday it would spin off its passenger vehicles arm as a separate unit within the company, at a time when the coronavirus has disrupted auto production.

There were murmurs if airlines will be allowed to fly after March 31.

There were murmurs if airlines will be allowed to fly after March 31.

The U.S. House of Representatives will begin a two-hour debate on a sweeping, $2.2 trillion coronavirus aid bill at 9 a.m. (1300 GMT) on Friday, despite doubts over whether it can quickly pass on a voice vote or will be delayed into the weekend.

The step has been taken due to the 21-day pan-India lockdown imposed by the central government from Wednesday.

The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allow borrowers to delay their loan repayments by a period of three months. The move by the...

The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allowborrowers to delay their loan repayments by a period of three months. The move by the regulator...

We may have passed peak uncertainty and there is definitely a reason to start buying again — carefully

Start-up that wanted to beam broadband internet from space had raised $3bn from investors 

The central bank advanced its monetary policy committee meeting and voted for sizable reduction for policy rate.

"We would like to alleviate the suffering of the migrant workers, especially those from Bihar, by flying some flights between Delhi/Mumbai and Patna," Singh added.

Experts feel that the next round of packages could be for the industry and especially for the sectors such as banks, consumption, hospitality, auto, durables, agriculture, and healthcare.

While bottom fishing financial stocks is sensible, be selective.

State investor Temasek Holdings and others put together a funding package of up to S$19 billion ($13.27 billion) for Singapore Airlines (SIA) in the single biggest rescue for an airline slammed by the coronavirus pandemic.

The central bank cut the reverse repo rate by 90 basis points to 4 per cent and reduced the cash reserve ratio of all banks by 100 basis points.

Indian automaker Tata Motors Ltd said on Friday it would spin out its passenger vehicles business into a separate unit within the company, as a coronavirus pandemic disrupts production and demand for cars.

The RBI cut the repo rate by 75 basis points (bps) to 4.40 per cent, and thereverse repo rate by 90 bps to 4 per cent.

Oil prices were mixed on Friday as the market weighed the potential benefits of stimulus efforts by policymakers around the world against demand destruction caused by fallout from the rapid spread of the coronavirus.

Benny Gantz infuriates allies after hinting at unity government with Benjamin Netanyahu

The move comes as experts push for social distancing and the country is in a 21-day lockdown to combat spread of the infection

Amidst this hour of need, Piyush Goyal said "this move has provided a much needed relief to people and businesses".

A three-week lockdown in India aimed at stopping the coronavirus is preventing perishables from reaching its teeming cities, pushing up prices and forcing some farmers to feed their ripening produce to their animals instead.

The value of April and May contracts traded so far is Rs 1,211.27 crore and Rs 14.33 crore, respectively.

Crashing markets are driving the biggest rush from Asian retail investors into stocks in a decade or more, brokers say, as bargain-hunting and a fear of missing out prompts a scramble to "buy the dip".