Wednesday, Apr 01, 2020 | Last Update : 08:17 AM IST

Economy

Yes bank. (Image- ANI)

Yes Bank moratorium ends today, to resume banking services

On march 5, RBI imposed a moratorium on Yes bank, restricting withdrawals to Rs 50,000 per depositor till April 3

Representational mage (PTI)

Coronavirus recession could be worse than 2009, warns IMF

Mulls SDR allocation to provide liquidity to global economy

Representational image (PTI image)

Gold holds near seven-year peak over virus concerns

Beijing cut its benchmark lending rate to support an economy hit by the epidemic, keeping Chinese stocks supported

The strong manufacturing sector expansion seen in India at the start of the year was maintained in February,

India's mfg activity eases marginally in Feb: PMI

This is the 31st consecutive month that the manufacturing PMI has remained above the 50-point mark.

The RBI largely earns profits through its trading of currencies and government bonds. (Photo: AFP)

Indian government to seek RBI dividend boost as revenue drops

Reserve Bank of India approved a 1.76 trillion rupees (USD 24.8 billion) dividend payment to the federal government

Market

Yes Bank account holders stand outside a branch of the bank to withdraw money in Patna (PTI)

Coronavirus, Yes Bank crisis to keep markets under pressure

During the last week, Sensex plunged 720.67 points or 1.88 per cent

 BSE tower. (Photo- PTI)

Sensex, Nifty 50 lose momentum; Sensex dips by 130 points, Nifty below 8700

Rising probability that large parts of the global economy will slip into recession due to the outbreak

Representaive Image (AP)

Wall Street dives on coronavirus panic, stocks have worst day in 3 decades

The losses were the most substantial since worries over a coronavirus-induced recession became market's preoccupation over last three weeks

 Representative Image (AFP)

Asian markets sink as pandemic deaths soar

The negative mood was fuelled by the failure of US lawmakers to agree on a trillion-dollar emergency package

Companies

Amazon logo (PTI)

Amazon temporarily raises overtime pay for warehouse workers

Hourly workers at Amazon’s US warehouses will receive double pay after 40 hours for overtime

 Aditya Birla Fashion and Retail Ltd. (Photo- twitter)

COVID-19: ABFRL to close retail stores till March 31, suspends factory operations

Aditya Birla Fashion and Retail Ltd stopped its factory operations in Karnataka, Tamil Nadu and Odisha till March 31

 Kia Motors. (Image- PTI)

Kia Motors India suspends operations over corona scare

Company's manufacturing facility in Andhra Pradesh and company office premises will stop functioning until further notice

The shares of Adani Transmission were trading at Rs 333.95 apiece on BSE, up 0.6 per cent from previous close.

Adani Transmission sells 25.1 pc stake in arm AEML to QIA for Rs 3,220 cr

AEML has recently completed an investment grade, USD 1 billion bond issuance.

Earlier, the CCI had absolved e-commerce major Flipkart of unfair practices using its dominant position.

NCLAT asks CCI to probe against Flipkart over allegations of unfair practices

The appellate tribunal has directed the CCI to ask its probe arm Director General (DG) to investigate into the allegations.

Autos

On Friday, Harley’s shares closed down 2.2 per cent at USD 30.47. (Photo: AP)

Harley-Davidson looks for new leadership to end its sales struggle

Harley’s 2019 US bike sales were the lowest in at least 16 years.

Passenger vehicle sales in Asia's third biggest car market resumed their declining trend in November after a blip in the preceding month, indicating automakers are yet to recover from the worst auto slowdown in India in more than a decade.

Vehicles back in slow gear; total sales down 12 per cent in November

Commercial vehicle sales, the barometer of economic activity in the country, fell 15 per cent over last year to 61,907 units.

The deliveries of Chetak, which comes at a starting price of Rs 1 lakh, will commence from February end, the company said.

Bajaj Auto launches Chetak electric scooter; bookings start from Jan 15

The electric variant of the iconic Chetak will initially be available in Pune and Bengaluru.

In the battle between two ‘almost SUVs’ — the Maruti Suzuki S-Presso and the Renault Kwid — both vehicles happen to be the winner.

Clash of the almost-SUVs

While there is enough room for average-sized adults in the back of the Kwid, the S-Presso’s rear seat can host two six-footers in good comfort.

In Other News

Supreme Court overturned on Wednesday a central bank ban forbidding lenders from facilitating banking transactions for cryptocurrency exchanges and traders.

Supreme Court quashes RBI banking ban on cryptocurrency

In April 2018, RBI gave entities it regulated 3 months to snap all banking relationships with individuals dealing in virtual currency.

Finance minister Nirmala Sitharaman and  RBI Governor Shaktikanta Das arrive for the RBI central board of directors in a customary post-budget meeting, in New Delhi on Saturday. PTI photo

Transmission of rate cuts will improve further: Shaktikanta Das

His comments come against the backdrop of concerns over growth of the economy, which has registered a spike in inflation

 Indian bank. (Photo- Twitter)

Indian Bank announces additional funding facility

It will be offering loans to large corporates and medium enterprises that are in the standard category

 Representative Image (AFP)

IMF approves $1.3 bilion aid program for Jordan

The program to support unbudgeted spending covering emergency outlays and medical supplies and equipment

 Mahindra Group Chairman Anand Mahindra (Photo- PTI)

Coronavirus pandemic to leave behind a global recession: Anand Mahindra

This time, there will be no victors, only the vanquished. So every country have to create its own post ‘virus war' marshall plan: Mahindra