Participating in the same meeting, Union Minister for MSME and Road Transport and Highways Nitin Gadkari also said "a package is going to be declared".

Yes Bank's board had to be superseded by the RBI and the government earlier this year after alleged mismanagement under its founder CEO Rana Kapoor.

The minister also noted that the pendency of dues owed to MSME units by the central government, state governments, public sector undertakings and major industries was "very high".

The state government on Thursday increased the VAT on petrol to 38 per cent from 36 per cent earlier while on diesel to 28 per cent from 27 per cent earlier.

The global market is fearing that India would slide into a 'controlled economy', which would be very damaging, Basu added.

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

Forex traders said a positive start of domestic stocks and significant foreign fund inflows supported the local unit.

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.

Many MSMEs and corporates have also availed the three-month moratorium offered by banks as per the Reserve Bank of India

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.

Japanese brokerage Nomura warned of a likely downgrade of the sovereign by global ratings agencies while American brokerage Goldman Sachs (GS) said RBI will cut rates by another 1 percentage point to arrest the economic slide.

Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes - its lowest since 2007, government data showed on Saturday.

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

According to the Tamil Nadu government, the committee comprises economists, industrialists, vice chancellors, bankers, government officials and others.

Stephen Kearney sees this as a chance for Australia's National Rugby League to be one of the first sports in the world to emerge from Covid-19 shutdown.

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

Tennis is one of several social-distancing-compatible sports the Austrian government has allowed to resume as they ease the Covid-19 lockdown.

National Football League said they are planning to announce the schedule for full regular season by late next week.

The next sumo 'basho' or tournament had been scheduled to begin on May 24, after organisers delayed the event by two weeks over the pandemic.

Leander Paes revealed that his mother was not to happy with his viral challenge that took social media by storm.

Novak Djokovic posted a video showing him exchanging shots with another man at clay court in the coastal city of Marbella.

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

BWF chief Thomas Lund said the restrictions on international travel due to coronavirus has complicated the picture for badminton to resume.

Mary Wilson, a multiple sclerosis sufferer, hoped to qualify for Tokyo Paralympics but being 56-year-old, she recognises that with Covid-19 roadblock, time may not be on her side.

Kashmiri athletes like Afreen Hyder, Aijaz Hassan, Vilayat Hussain and more have to make do with the restricted spaces and still stay fit during Covid-19 lockdown.

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.

NSFs and State Olympic Associations have been asked to collect feedback from the stakeholders such as athletes, coaches, support staff, central and state government ministries, match officials and sports administrators

PV Sindhu said that senior Indian players with international experience can coach and help youngsters during the coronavirus lockdown.

Athletes always must go out carrying the proper documentation showing that they are allowed to be out, otherwise they can be subjected to fines.

Novak Djokovic published a video of him training on Monday in apparent violation of Spain's current rules amid the coronavirus pandemic.

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

The Player Relief Programme will support those 'who are facing unprecedented challenges due to the global impact of Covid-19'.

Sania Mirza said that coaches need to be sensitive of the hormonal changes that girls go through while working with them.

Bianca Andreescu's bid to return to competitive tennis suffered a further jolt when the season was halted in March due to the novel coronavirus pandemic.

India, on the second day of the FIDE-Chess.com Online Nations Cup, lost its third and fourth round matches to Europe and China by similar 1.5-2.5 margins

Under New Zealand's four-tier alert system, social distancing protocols are enforced less stringently under level two, allowing contact sports including the national game of rugby union.

Tennis Australia spoke about the uncertainty around restrictions around coronavirus and said they will have to plan for all possible scenarios.

NFL is also establishing workplace protocols that require face coverings unless a person is in a closed office.

Taiwan's baseball league games are being streamed with English commentary, racking up millions of views for matches featuring cardboard cut-outs of fans and robots beating drums.

Sportspersons took to social media to offer condolences to the families of those affected in the Vizag gas leak tragedy and prayed for the recovery of those in the hospitals.

A total of 19,245 players registered for the CheckmateCovid Chess Tournament and GM Ankit Rajpara won it.

Dmitrii Baskov had come to India in January to visit a tennis academy and got stuck due to Covid-19 lockdown but is helping feel Ahmedabad's poor.

Director of World Players' Association said players were willing to take a calculated risk to resume their sporting careers, social distancing rules cannot be adhered to in most sports.

French Tennis Federation announced that all ticket holders for the French Open will be refunded.

Vanessa Bryant seeks damages for emotional distress and mental anguish after learning 8 sheriff's department deputies took graphic photos of the Kobe crash site and shared them with others.

Testing could allow some teams to feel more secure about safety concerns at facilities and encourage more players to participate.

Rafael Nadal said all tennis players will have to comply if officials require 'vaccination to travel' and to 'protect' everyone on the tour.

Sakshi Malik hasn't yet managed to book her spot at the Tokyo Olympics though she says she is training hard.

UFC fighter Ronaldo 'Jacare' Souza and his two cornermen were found positive for Covid-19 but asymptomatic and will self-isolate off host hotel.