Without revealing the identity of the companies, RIL in its fourth-quarter earnings statement said the investment would be announced in the coming months.

Government officials said that collection numbers present a worrying trend, given that normal business activities were underway till March 24 when a nationwide lockdown was announced.

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 PF returns have details about employees' and employers' contributions towards the social security scheme run by the Employees' Provident Fund Organisation (EPFO).

Brent crude for July delivery, which started trading on Friday as the new front-month contract, was up $1.10, or 4.2%, at $27.58 a barrel by 0013 GMT.

Millions more Americans filed claims for unemployment benefits last week, lifting the number of applications to 30.3 million since March 21, data showed.

According to Dun & Bradstreet's latest report, changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic comes under control.

The state government has also decided to provide working capital loans to MSMEs at lower interest rates. A fund to the tune of Rs 200 crore would be created to lend loans between Rs 2-10 lakh.

Nationwide lockdown should only be lifted once the situation is fully under control, said State Bank of India Chairman Rajnish Kumar.

Sugar sales in March and April declined by 10 lakh tonne because of the imposition of nationwide lockdown to control the coronavirus disease, the Indian Sugar Mills Association (ISMA) said.

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

SBI Chairman Rajnish Kumar said he is hopeful of more relaxations by May 31 and expects economic activity to return by the festive season.

The tweets recall Musk's controversial tweets in August 2018 when he said he had "funding secured" for a quickly-aborted campaign to take the electric car maker private.

Phase one of the Tata Steel's European business project will create a plan for a series of local zero-carbon areas, create skilled jobs and enhance well-being across South Wales.

Dhawan will assume charge from Saturday in place of Ashish Agarwal, the current chief risk officer, who will transition to a new role in the bank.

The bank is looking at the short term now - the next two or three quarters, a senior SBI official said on condition of anonymity.

In his opening remarks, the governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.

A year earlier, the conglomerate reported profits of $15.5 billion.

The prime minister also had discussions with key economic ministries such as Agriculture and Farmers' Welfare, and MSME to discuss various issues.

Reeling under pressure due to sharp drop in footfalls following the COVID-19 pandemic, operators in the country's coworking industry believe the blip could be temporary and demand for flexible space would go up again as some key factors are going for them.

The government has permitted industrial estates, SEZ and industrial townships with restricted entry within urban areas of 'red zones' to commence operations.

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.

India's solar and gas-fired electricity generation rose in April even as overall power demand fell at the steepest monthly rate in at least thirteen years, a Reuters analysis of provisional government data showed.

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.

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.

The state retailers' petrol and diesel sales in first half of April declined by 61% and 64%, respectively, as a nation-wide lockdown to curb the spread of the coronavirus brought economic activity to a standstill.

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.

The brand, whose clothes have been worn by former first lady Michelle Obama, said online sales operations, which account for more than half its revenues, will continue as normal.

While ITC had so far not taken any action against workers, the company notices said "absence without leave" would lead to salary cuts and "disciplinary action", without elaborating.

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

The PM’s Office, Niti Aayog and the Department for Promotion of Industry and Internal Trade are firming up a plan to offer incentives in order to attract companies looking to shift manufacturing units out of China.

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.

As many as 43 crore transactions leading to disbursement of Rs 16,101 crore took place during the lockdown period, the Finance Ministry said in a tweet on Monday.

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

Investors, however, remained worried about brewing Sino-US tensions after President Donald Trump threatened new tariffs on China for its handling of the outbreak.

Slumping over 810 points from the day's high, the 30-share BSE index settled 261.84 points or 0.83 per cent lower at 31,453.51.

India has provided a stimulus which doesn’t even equal a percent of the country’s GDP when other countries have already pumped funds far in excess into their respective economies.

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.

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'.

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.

India's April gasoil exports closed at a four-month high of 2.73 million tonnes, compared with 2.53 million tonnes in March, according to Refinitiv oil research assessments.

Gold prices ended higher in the previous three sessions, and have risen about 17% since mid-March, as uncertainty remained with the virus spreading and as U.S.-China trade tensions re-emerged.

Currently, authorised persons of employers have to go to the Employees' Provident Fund Organisation (EPFO) offices to get their digital signatures registered.

Currently, businesses are required to digitally sign GSTR-3B form while filing monthly return and paying taxes.

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.

The move from Kotak Mahindra comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21.