coronavirus impact
OPEC, Russia approve biggest ever oil cut amid coronavirus
In the compromise reached they agreed to a cut of 9.7 million barrels per day from May
Govt seeks inputs from five key sectors on expected output
The exercise may be viewed as a crucial move towards nursing the sectors back to health and resurrecting their production
Mutual funds have sufficient flexibility, no further relaxations: SEBI
Existing guidelines already have provisions for mutual funds to deviate from the valuation given by the valuation agencies
Ind-Ra downgrades power sector ratings to negative
Power generation companies will face an elevated counterparty risk due to steep fall in demand
Coronavirus impact: US unemployment claims surge by 6.6 million
Numbers released Thursday by the U.S. government showed that 6.6 million workers applied for unemployment benefits last week
Petrol, diesel demand slumps 66% in April due to lockdown
The collapse of demand in the world's third-biggest consumer during April comes on the back of worst fuel sales in more than a decade
Sensex rallies over 1,265 pts; Nifty reclaims 9,100 level
Mahindra and Mahindra was the top gainer in the Sensex pack, surging over 16 per cent
Asian stocks gain on hopes of slowing covid19 crisis
Slowing rate of news infections is providing some much-needed buoyancy to equities as investors eye an easing of lockdown restrictions
South India better equipped to deal with lockdown: ISB study
Companies in the peninsular part are better equipped to deal with prevailing conditions to adopt work-from-home practices
Centre releases Rs 14,103 cr GST compensation cess to states
Centre has paid a total of Rs 34,053 crore pending GST compensation cess for October and November