Sensex plummets 536 pts on weak global cues, Nifty ends below 9,200; bank, IT stocks top drags

Sensex rises for 2nd day, gains 371 points; Nifty just short of 9,400

HDFC twins drive Sensex 606 points higher; Nifty tops 9,500

Sensex zooms 997 pts, Nifty ends April F&O expiry at 9,860; India VIX posts worst month ever

Sensex bleeds 2,002 points due to global selloff; Nifty slips below 9,300

Bank, FMCG stocks drag Sensex 262 points lower; Nifty barely holds above 9,200

Sensex gains 232 pts, Nifty ends above 9,250; bank, auto stocks rally

Sensex sheds 242 pts, Nifty slips below 9,200; financials top drags

Sensex surges 550 points, Nifty reclaims 9,350; IndusInd Bank, HUL jump 4% each

Sensex ends 199 pts higher, Nifty holds above at 9,250; RIL jumps over 3%

Govt may eye Rs 1.5 lakh crore divestment in FY21: Sources

GST: Compensation shortfall seen at Rs 30K cr, next Council meet to take up the issue

Corona crisis: GST Return filing date for March-May extended till June, relief from late fee, penalties

Use all your entitlement; tax saved is money earned, says Dhirendra Kumar

Beaten down banking and industrial stocks likely to outperform in near term: Taher Badshah

Pick stocks that will benefit from global supply chain reshuffle: Jitendra Gohil

FDI flows from neighbouring countries will be affected due to new screening rules: Shardul Shroff

Global investors now more confident about India than China: Pacific Paradigm Advisors

Lockdown was easy, opening up to require a lot of confidence: Rashesh Shah

Tech investments aimed at making Jio a solid digital company: Axis Securities

Very sharp U-shaped recovery is a strong possibility: ASK Investment Manager

The unit of South Korean chemical giant LG Chem said it is committed to working closely with the concerned authorities to investigate the cause of the incident, prevent recurrence in future and secure the foundation for care and treatment. The firm said a special task force has been set up to help victims and families to resolve any issues.

Participants will be enrolled continuously during the trial and vaccine candidates that are not working will be dropped from testing.

The first phase of easing lockdown began as the government announced removing restrictions by allowing more business to open and operate from dawn to 5pm.

The Trump administration is tightening visa guidelines for Chinese journalists in response to the treatment of U.S.journalists in China, as tensions flare between the two nations over the coronavirus.

Vizag gas leak tragedy: Tension at LG Polymers plant as villagers protest demanding its closure

Coronavirus lockdown: 97 trains carrying migrants entered state so far, informs UP Govt

Afghan peace process: America recognises India's role, says US Envoy after meeting S Jaishankar

Coronavirus vaccine: ICMR partners with BBIL to develop indigenous COVID-19 vaccine

Mortality rate increases if COVID-19 patient delays in visiting hospital: AIIMS-Delhi Director

Coronavirus in West Bengal: 11 deaths, 108 fresh cases reported in last 24 hours

Bandipora: Fake currency racket busted by J&K Police, 4 arrested

The LRS transactions are currently permitted by banks based on the declaration made by the remitter.

India received $69 billion in overseas remittances last year, equivalent to almost 3 percent of GDP, Capital Economics said, citing World Bank data.

India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion).

India was the top recipient of remittances worldwide in 2018, data from the World Bank shows. The remittances were boosted in part by migrants from Kerala sending.

NRI deposits between April & August saw an inflow of $4 billion, compared with $5.7 billion in the same period last year. NRIs in the Gulf, who contribute the maximum to the deposit chunk, are showing preference towards mutual funds.

The payments bank sees average monthly remittances of close to Rs 5,000 crore from daily wage earners working in various factories, construction sites, small businesses, plumbers, carpenters, cab drivers, among others.

Riyaz Naikoo’s death has left a serious void at the top for HuM and possible successors being considered are "Dr Saifullah" or Abu Musaid, a resident of Malangpora in Pulwama, who was part of the Burhan Wani group of 12 terrorists, and Juniad Sehrai, chief of the Hurriyat’s Geelani faction who joined the terror group in 2018.

“The minister cleared the proposal by the engineer-in-chief of MES, in line with the Shekatkar Committee recommendation to restructure the civilian workforce in a manner that the work can be partly done by departmentally employed staff while the rest is outsourced,” said an official.

They said while the government is strictly enforcing the COVID-19 lockdown, the additional restrictions were imposed on Friday to ensure that the day passes off peacefully.

"The apprehended extremists include the recruitment module operational head Lankeshwar Koch alias Lambu, a Myanmar-trained self-styled area commander of Lower Assam. Four Bangladesh-trained militants and two newly recruited cadres were arrested," the spokesman said.

This is the phase two of the Modernisation of Airfield Infrastructure (MAFI) programme, the ministry said, adding that airfields of the Indian Air Force were upgraded in the first phase.

Union Home Minister Amit Shah chaired a meeting of the DGs of all Central Armed Police Forces (CAPFs) where he appreciated the commendable work done by these forces and expressed concern over increasing COVID-19 cases, a home ministry spokesperson said.

With donations to the PM-Cares Fund and Covid-19-related relief work eligible to be considered CSR expenditure, most companies are likely to nearly exhaust their current CSR budgets after donating to this fund or related relief work.

India Inc’s first attempts to move goods across states after the easing of lockdown curbs were hobbled by expired e-way bills which made it near impossible for transporters to cross checkpoints.

It took for the company’s HR department to visit the villages and show them the letters of approval received from the ministry of textile, local administration and to explain to the residents how this will help the country’s effort to fight the pandemic. HR departments face the additional task of convincing not just employees but their neighbours too of the hygienic conditions.

The decision of the Birlas comes in spite of a favourable verdict from a two-judge division bench of the Calcutta High Court which on Monday had asked the probate court to hear the appellant MP Birla Group companies afresh, which was one of their key petitions.

Production cuts will be most in premium product portfolio as companies expect consumers to curb discretionary spending as the impact of the Covid-19. Manufacturing orders fall by up to 40% year on year as they expect much of current stock to remain unsold till then, company executives said.

Component makers are also working overtime to restart factories, but delays in getting approvals are causing hindrance in some states, especially in Maharashtra and Tamil Nadu that have the biggest automotive manufacturing hubs, industry insiders said. This, they said, could weigh on the plans of the automakers.