The RBI said the bank is not in a position to pay its current or future depositors and has violated regulatory norms for minimum capital requirement.

Madhav said Asian democracies like Singapore and South Korea along with India have set a "new example that you don't need to be authoritarian to handle such a big crisis".

Since the first lockdown extension, Crane Owners Association of India, which has over 150 members, have written twice to MSME Minister Nitin Gadkari and once to Finance Minister Nirmala Sitharaman, seeking their help.

This is the first sizable investment by SLP in India and reaffirms Jio’s technological capabilities and the potential of the business model, even in this Covid-19 world and beyond.

The NSE Nifty 50 index was down 4.25% at 9,448.15, while the S&P BSE Sensex was 4.34% lower at 32,260.30.

Lower crude production due to reduced activity and OPEC+ cuts, coupled with a partial recovery in oil demand, should drive prices higher next year, Goldman Sachs Equity Research said in a note.

Bharat Petroleum was seeking to buy a May 25 delivery cargo two weeks ago, but the tender was not awarded then, market sources said previously.

Professional indemnity policy offers protection to professionals against potential claims for injury or loss resulting from their advice action for failure to fulfil their duties.

Sectoral meetings, held separately in two sessions through video conference, were also attended by Deputy Governors and other senior officers of RBI.

Petrol in Delhi now costs Rs 71.26 a litre as against Rs 69.59 previously, oil industry sources said.

An American financial organisation has agreed to sanction USD 15 million loan to an Indian education start-up to expand the access to quality education by providing critical financing to schools that serve low-income students in India.

The report said the increase in non-performing assets by 2-4 percentage points will need a government recapitalisation requirement by $7-15 billion.

Form GST PMT-09 provides flexibility to taxpayers to make multiple transfers from more than one head (major or minor) to another head (major or minor) and helps with the intra-head or inter-head transfer of amount available in electronic cash ledger.

Imports also fell, but only by 6.2 percent, as transportation and shipping began to close down worldwide.

The SC said cooperative banks cannot carry on any activity without compliance of the provisions of the Banking Regulation Act, 1949 and any other legislation applicable to such banks relatable to 'Banking'.

These duty rate changes will come into effect from May 6.

Forex traders said the weakness in the rupee was largely due to the strengthening US dollar. Besides, rising coronavirus cases in the country also weighed on the local unit.

However, the data only reflect company payrolls through April 12 so the report does not reflect the full impact of COVID-19 on the overall employment situation.

Indian stocks slid on Thursday, with declines led by banks and Hindustan Unilever, as coronavirus cases in the country crossed 50,000 despite a strict weeks-long lockdown.

GSK has agreed to sell its entire stake in Unilever's Indian business for about 254.8 billion rupees ($3.35 billion) on the open market, cashing in late from the sale of the Horlicks brand.

The company also had to reduce production due to reduced demand.

Coal Minister Pralhad Joshi had earlier written to state chief ministers asking them not to import dry-fuel and take the domestic supply of fuel from Coal India Ltd.

The world's largest steelmaker had posted a net income of USD 0.4 billion in the year-ago quarter.

The Confederation of All India Traders (CAIT) has written to Commerce and Industry Minister Piyush Goyal seeking his intervention in the matter.

Sebi also said 'some mutual fund schemes' continued to invest in high risk and 'opaque' debt securities despite the regulatory framework having been amended for safeguarding investors' interest.

She further said that state-owned banks implemented the moratorium announced by the RBI on repayment of loans.

This is the third high profile-investment in Reliance Jio in as many weeks.

Cognizant follows January-December as financial year. Its net profit was at USD 441 million in the March 2019 quarter.

Equity benchmark Sensex rallied over 600 points in opening session on Friday as strong gains in index-heavyweight Reliance Industries, massive foreign fund inflow and positive global cues boosted market sentiment.

Moody's Investors Service on Friday said the negative outlook on India's rating reflects increasing risks that GDP growth will remain significantly lower than in the past and partly hints at weaker policy effectiveness to address economic and institutional issues.

After rallying 645.13 points during the day, the 30-share index surrendered most gains to settle 199.32 points or 0.63 per cent higher at 31,642.70.

Despite crude prices trading at a two decades low, the government had earlier this week hiked excise duty on petrol by Rs 10 a litre and on diesel by Rs 13 a litre to mop up nearly Rs 1.6 lakh crore in additional revenue this fiscal.

Finance Minister Nirmala Sitharaman in her Budget for 2020-21 had pegged gross borrowing in the new financial year at Rs 7.8 lakh crore, higher than Rs 7.1 lakh crore estimated for 2019-20.

Franklin Templeton Mutual Fund also issued an apology to Sebi and said that comments of its top executive Jenny Johnson were wrongly interpreted, diluting her responses about the reason for winding up of schemes.

Earlier, such registrations/approvals were granted without any specific expiry period unless specifically withdrawn by concerned tax authority.

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change.

Sidharth Nath Singh informed the participants, through video conferencing, about the developmental projects being undertaken in the state; including the Jewar Airport, said to be key to improving the state's airways connectivity.

Georges Laraque, who is asthmatic, developed pneumonia in both lungs and was hit by nightly fevers post hospitalisation after testing positive for Covid-19.

Taylor Fritz and Addison Rae beat Kei Nishikori and DJ Steve Aoki in the final of the Mario tennis charity tournament.

Armand Duplantis and Renaud Lavillenie shared the honours in the Ultimate Garden Clash.

The Checkmate Covid-19 Blitz Open, organised to raise funds for Kerala's fight against Covid-19, was won by Grandmaster SL Narayanan.

India will be represented by Viswanathan Anand, Vidit Gujrathi, P. Hari Krishna and Koneru Humpy at the online Nations Cup.

PGA Tour decided to ensure status for all players, exempt in 2019-20, to retain their status for 2020-21, too.

A statement said 'appropriate testing measures' would be put in place to protect the health of players, production crew and others on site.

Egypt's Youssef Hossam received life ban for match-fixing and his brother has got the same two years ago for corruption.

Taylor Fritz said that the tennis authorities are looking to stage the US Open but he was unsure if they will be able to do that.

Money though the Player Relief Programme, run by ATP, WTA, Grand Slam organisers and ITF, will be divided equally among men and women.

India lost to Rest of the World in the second round of the FIDE-Chess.com Online Nations Cup after against USA.

French tennis federation's decision to postpone the French Open to late September amid the Covid-19 crisis was widely criticised because the new dates clashed with the hardcourt season.

NADA hearings have not been taking place due to the lockdown to contain the Covid-19 pandemic.