At the Springplank school in Netherlands, younger students will use one entrance and older students a different one. Parents will have to drop their children at the gate.

BP said it planned to reduce cash costs by $2.5 billion by the end of 2021 relative to 2019. "Some of these cost savings may have associated restructuring charges," the company added.

Absconding dimantaire Choksi's company Gitanjali Gems tops the list of these defaulters with a whopping amount of Rs 5,492 crore, according to the list.

India is a member of the WTO since 1995. There are a total of 164 members of this organisation, which deals with global trade-related issues.

HDFC was the top gainer in the Sensex pack, rallying nearly 5 per cent, followed by Bajaj Finance, HDFC Bank, Tech Mahindra, M&M, Reliance Industries and NTPC.

Forex traders said positive start of domestic stocks supported the local unit. Besides, market sentiments improved as more countries are announcing gradual lifting of lockdowns that have been imposed to contain coronavirus infection.

A study by Deloitte found that 27 companies of the 100 listed on the NSE, won't be able to sustain current wage bill from cash profits, if their revenue dips by 30 per cent or more.

Vodafone Idea, formerly known as Vodafone Mobile Services Ltd, had however sought Rs 4,759.07 crore in tax refund from for AYs - 2014-15, 2015-16, 2016-17 and 2017-18.

The ILO also projects that 1.6 billion workers in the 'informal economy,' stand in immediate danger of having their livelihoods destroyed.

The Rs 1 lakh crore flagship Delhi-Mumbai Expressway project is scheduled to be completed within three years and and expected to cut down the travel time between Delhi and Mumbai to just 12 hours.

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.

A top US health official said Gilead Sciences Inc's antiviral drug remdesivir is likely to become the standard of care for Covid-19 after early results from a clinical trial showed it helped certain patients recover more quickly.

The surge came after market sentiments improved as more countries are announcing the gradual lifting of lockdowns that have been imposed to contain coronavirus infection.

In a letter to employees dated April 29, Reliance Industries' executive director Hital R. Meswani stated that Ambani will forego his entire compensation.

Industry representatives said while some hotels have chosen not to entertain new guests, some have stepped up hygiene and sanitisation measures.

The 'MSME Bank of Ideas, Innovation and Research' portal was launched via video-conference. Registered users on the portal can share ideas, innovation and research, which will be reviewed by the officer concerned.

The petitioner contended that telephone operators and ISPs ought not to charge citizens for services not used by them while following the government's directions.

The report further said that the supply additions through infrastructure development boost short-term as well as the potential rate of GDP growth.

The agency affirmed the long-term issuer default ratings (IDR) of SBI and BOB at 'BBB-' and those of ICICI Bank and Axis Bank at 'BB+'.

The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing.

On the effectiveness of India's COVID-19 strategy, 73% of the respondents said it has been successful so far.

It is now, more than ever, that investors need credible and timely information that will allow them to take decisions in the midst of extraordinary uncertainty.

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.

A recap, some gratitude and our continuing promise of quality.

Asked about the reluctance of lenders to extend advances to small and medium enterprises, Panda said banks are "afraid" of increasing their lending to businesses despite several policy rate cuts by the Reserve Bank of India.

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.

Indian banks are already grappling with 9.35 lakh crore rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

In commodity markets, US crude futures sank in early trade on worries about oil oversupply, even as some US states start to ease coronavirus pandemic restrictions.

The deal comes less than two weeks after Facebook spent $5.7 billion to buy a 9.99 percent stake in Jio. The Facebook-Jio deal was the social media network’s biggest since its $22 billion buyout of WhatsApp in 2014.

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.

With new orders and output shrinking at the steepest pace since at least early 2005 factories cut jobs at the fastest rate in the survey's history, signaling a high chance of recession.

The rupee opened weak at 75.70 at the interbank forex market and then fell further to 75.80, down 71 paise over its last close.

ICICI Bank was the top laggard in the Sensex pack, tumbling nearly 9 per cent, followed by IndusInd Bank, Bajaj Finance, Tata Steel and HDFC.

Remdesivir is authorised for the treatment of hospitalised patients with severe Covid-19 disease though the optimal duration of treatment is still being studied in ongoing clinical trials.

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.

It could well be economically rewarding if the workers managed to get back to work in the cities and towns where they were engaged in before the lockdown, only if appropriate welfare measures reach them.

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

ONGC was the top gainer in the Sensex pack, rallying over 5 per cent, followed by M&M, Bharti Airtel, IndusInd Bank, ICICI Bank, PowerGrid and Tech Mahindra.

Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the local unit.

An ISA official also confirmed Narendran's resignation but said the reason for his sudden resignation is not known yet.

Analysts agree that Covid-19 pandemic will lead to an increase in bank's gross non-performing assets with some reports pegging the stock to double as well.

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.

ITC was the top loser in the Sensex pack, tanking nearly 6 per cent, followed by Axis Bank, Titan, Bajaj Auto, Maruti, M&M, L&T and IndusInd Bank.

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.

Remdesivir is an investigational antiviral drug that may be found effective against the virus that causes Covid-19

While prices have risen sharply since late April as some countries have started easing lockdowns put in place to combat the worst pandemic in a century, oil continues to be pumped into storage, leaving a massive mismatch between demand and supply.

It further said that although 2020 is a lost year, in terms of trade, India can think long-term and build relations so that it can occupy the space vacated by China.