With two of the three-week shutdown falling in April, GDP growth in the quarter to June could contract about 5%, the first in at least two decades.
RBI & finance ministry are in favour of proposal from industry regulator to open a cash window that fund houses can tap via their banks.
Employees are returning to work, production lines are starting to roll and even the original outbreak epicentre of Wuhan is ending its lockdown soon.
Thousands of Apple's Indian employees are likely to be impacted by the 21-day nationwide lockdown, announced by PM Narendra Modi Tuesday night.
Macquarie Infrastructure & Real Assets believes govt will divest non-core oil and gas assets, like oil storage facilities, pipelines, transmission facilities.
The 2 life insurance firms are keeping money in stocks despite selling by foreign funds due to the coronavirus-led wave of risk aversion.
Facebook was close to signing preliminary deal for 10% of Jio before Covid-19 travel bans stalled negotiations, Financial Times reported.
There is a lot of discussion about the Great Recession of 2008 but the coronavirus crisis has more in common with World War II.
Firms get relief on tax returns, company law compliance, and triggering of insolvency proceedings. Regulators are monitoring the markets and economy, assures the FM.
Demand in the world’s second-biggest gold consumer had already tumbled before the coronavirus outbreak, slammed by record high domestic prices.