This is the first earnings report released by SBI Cards and Payment Services since it was listed on the bourses in March 2020.In Q4 2020, SBI Cards’ profits fell by 66% compared to the same period last year, to ₹83.5 crore from ₹249 crore.The company also created a provision of ₹489 crore to account for the economic concerns arising due to the Covid-19 pandemic.On the flip side, SBI Cards’ asset quality improved, with its non-performing assets declining to 2.01% from 2.44% a year earlier.SBI Cards and Payment Services today posted its Q4 earnings (January-March 2020), revealing a fall of 66% in its profits to ₹83.5 crore, while its bad debts and impairment losses rose by 138% to ₹838 crore on a year-on-year basis. “Considering the possible effects from the pandemic relating to COVID-19, the

Mumbai, May 9 () Filmmaker Satyanshu Singh has launched a unique initiative to raise relief money for those affected by the coronavirus pandemic.The director has started online classes for budding cinema students and has roped artistes from different fields of filmmaking for the initiative.Actor Vinay Pathak, screenwriters Anjum Rajabali and Sudip Sharma, cinematographer Siddharth Diwan and director Shoojit Sircar have come aboard the initiative.Since April 1, more than a dozen lectures have been conducted with students from cities like Bokaro, Kota, Bhilai, Almora, and Coimbatore taking part in them. Overseas students have also showed interest in the lectures.Through the initiative, Satyanshu has so far raised Rs 15 lakhs which has been donated to non-for-profit organisations like Milaap,

The Central government has divided districts into Red, Orange and Green Zones and has allowed limited economic activities in 'Green Zones.'

Maharashtra has the highest number of cases with 19, 063 followed by Gujarat with 7,402 cases and Delhi with 6,318 cases.

Trump's top economic adviser Larry Kudlow said on Friday morning that the United States may not impose sweeping stay-at-home orders during a possible second wave of COVID-19. Kudlow said a member of the White House coronavirus task force told him "we won't have to reshut down because first of all we know more, we have more experience, and second of all we are much better equipped with the right tools."Despite Kudlow's optimism, the US still has a long way to go in terms of ramping up testing and scaling up contact tracing networks to be able to reopen the economy while combatting the virus. CDC Director Robert Redfield has also warned that a second wave of COVID-19 in the fall or winter on top of the regular seasonal flu could devastate healthcare systems and cause further economic damage.

The money will help 'work with on-the-ground partners' that include Feeding America, The WHO's COVID-19 Solidarity Response Fund and the International Rescue Committee.

Both Rihanna and Jay-Z are mobilizing to help fight the spreading coronavirus pandemic, via their respective charitable foundations to help particular communities in need.

Rihanna has teamed up with Jay-Z and Twitter CEO Jack Dorsey to donate $6.2 million to coronavirus relief efforts. News comes a week after Rihanna and Jack donated $4.2 million.

The 30-year-old Grammy winner has not postponed her 15-date concert tour Lover Fest, which is scheduled to kick off June 20 in Belgium

The Voice Australia will be making drastic changes to its format to work around COVID-19 restrictions. 

POKKT reported a 39% increase in global mobile game downloads in the month of March 2020.Increase in daily average session time to 45 mins from 30 mins.With people staying indoors and practising social distancing, POKKT reported a 39% increase in global mobile game downloads in the month of March 2020. While industries like travel, hospitality, FMCG have seen a considerable dip in their performance, the mobile gaming industry has seen a major surge due to more indoor time on consumers’ hands.POKKT Mobile Ads works with over 3,000 publishers across the globe, thereby managing in-app advertisements for top games, generating about 700mn monthly unique users coming to their platform. The ad-tech platform has registered that there has been 31% increase in ad requests globally thereby pushing the

Alexis Dent is a freelance writer based in upstate New York whose company, XO Juliet, offers custom wedding vow writing services.By mid-March, her business all but dried up as spring and summer weddings began getting canceled because of the pandemic.Dent recognized there was a new need for eulogies to meet the rising number of funerals for people who passed away from COVID-19. "When I get a new order, I take a moment of silence," says Dent. "Every order for the past month has been a notification that someone is gone too soon."Visit Business Insider's homepage for more stories.One afternoon in February, I was staring out the window, experiencing writer's block after getting off the phone with a client who'd ordered wedding vows. It had been a long afternoon of writing, and I needed a change

The healthcare professional is a psychiatrist and former GP, but revealed she will be lending support to A&E staff as they battle with the influx of coronavirus cases.

The singer, 29, is said to be staying with five people at the property as they work on her new album on a pre-booked trip.

By Sonali PaulMELBOURNE, May 9 (Reuters) - Australia's most populous states held back from relaxing coronavirus restrictions on Saturday although other...

JAKARTA, May 9 (Reuters) - Indonesia reported on Saturday 533 new coronavirus infections, the biggest daily increase, taking the total number to 13,645,...

PARIS, May 9 (Reuters) - This year's Tour of Spain will not go through Portugal as planned because of the COVID-19 crisis, organisers said on Saturday."Due...

Beth Porch, 25, who sings to child cancer patients at Great Ormond Street Hospital, joined a hopefuls at the series 17 auditions which were filmed earlier this year before the UK COVID-19 lockdown

Hedge-fund billionaire Julian Robertson received a total of $1.2 million NZ ($800,000 USD) from the New Zealand government to pay employees at his luxury resorts.Not unlike the Paycheck Protection Program that helps American businesses affected by the coronavirus crisis, New Zealand's wage subsidy has been hit by allegations of fraud and favoring large businesses. Robertson has amassed a $4.4 billion fortune running hedge fund Tiger Management.Visit Business Insider's homepage for more stories.A billionaire former hedge-fund manager took hundreds of thousands of dollars from New Zealand's government to pay the staff at the luxury resorts he owns there, data from New Zealand's Ministry of Social Development shows.Julian Robertson's luxury resorts and golf courses received more than $1.2 million

The Institute of Chartered Accountants of India (ICAI) has issued an advisory on the factors that companies should keep in mind while reporting earnings for FY 2019-20.The advisory covers 20 key items spread across five categories.Given that this is an advisory, the nature and extent of items to be considered will differ between companies.The COVID-19 pandemic has had an adverse impact on all aspects of the economy, be it earnings, supply chains, operational efficiencies and the stock markets.Since the financial year ends on March 31, 2020 in India, it falls amidst the COVID-19 pandemic. This will have an impact on the way companies report their earnings for the financial year 2019-20. To deal with the accounting issues caused due to the volatility, financial uncertainty and fluctuating valuations,

State Bank of India’s (SBI) shares fell by as much as 6% today while HDFC Bank dipped by more than 7%.Yet, there is a sharp difference in the market capitalization between the State Bank of India (SBI) and HDFC Bank.This despite the former having 10 times as many customers and four times the balance sheet.With the coronavirus pandemic, it’s the beginning of another cycle of non-performing assets for banks, according to Siddharth Purohit, a banking analyst with Angel Broking.The State Bank of India (SBI), the largest bank in India, is only worth one-third of HDFC Bank, which in its own right, is the largest private sector bank in the country. This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of

Yes Bank reported a net loss of ₹3668.33 lakh during the fourth quarter.Between 40% to 45% of its borrowers have opted to exercise the three-month moratorium on loan repayments issued by the Reserve Bank of India.The bank expects deposits to erode further once the moratorium lifts and its customers withdraw their funds to pay off loans.Over the last year, Yes Bank deposits half shrunk to half their original size.Yes Bank posted a net loss of ₹3668.33 lakh in its fourth-quarter earnings amounting to a total loss of ₹16,418 crore for the financial year 2019-20. However, with the onset of the coronavirus pandemic and the ensuing lockdown, the bank is far from being out of the woods just yet. “The extent to which the COVID-19 pandemic will impact the bank's future results will depend on related

New Delhi, May 9 () With 224 new instances of the novel coronavirus infection, the total number of cases reported in the national capital climbed to 6,542, the Delhi government said on Saturday.The fresh cases were reported between 4 pm to midnight of May 8.No fresh death due to the virus was reported in this period. Delhi has so far reported 68 deaths.Of the total cases reported in the city, 4,454 are active while 2,020 patients have been cured of the disease, the health bulletin stated. SLB NSDNSD

(Eds: Adds daily COVID stats, other info) Noida (UP), May 9 () A 62-year-old man died due to coronavirus in Noida, becoming the second COVID-19 fatality in Uttar Pradesh's Gautam Buddh Nagar district, officials said on Saturday. The man, a resident of sector 66, died on Friday but the report of his COVID test came out as positive on Saturday, they said. "He expired yesterday (Friday) evening. The cause of the death was cardio-respiratory failure," District Surveillance Officer Sunil Dohare said in a statement.Another person who tested positive for COVID-19 on Saturday is a 52-year-old man residing in sector 45's Khajoor Colony, the officer said."Total 100 reports have been received in the last 24 hours of which two were positive and the rest negative for COVID-19. The cumulative positive cases

New Delhi, May 9 () The testing capacity for COVID-19 has been scaled up to around 95,000 tests per day and a total of 15,25,631 tests have been conducted so far across 332 government and 121 private laboratories, Union Health Minister Harsh Vardhan said on Saturday. The minister, who reviewed the status of COVID-19 in the northeastern states along with the measures taken for its containment and management, also stressed on the need to take concrete action to check the use of non-smoking tobacco and prohibiting spitting in public places which shall help in preventing the spread of the infection, according to a statement. During the high-level meeting with Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim, Vardhan appreciated the dedication of all the states

New Delhi May 9 () Following is a state-wise tally of the number of COVID-19 cases and deaths in India at 6:45pm as per information provided by respective governments.State/UTConfirmed Discharged Deaths------------------------------------------------------------Andaman & Nicobar33330 ------------------------------------------------------------Andhra Pradesh193088744 ------------------------------------------------------------Arunachal Pradesh110 ------------------------------------------------------------Assam59341 ------------------------------------------------------------Bihar5852625 ------------------------------------------------------------Chandigarh146211 ------------------------------------------------------------Chhattisgarh59380 ------------------------------------------------------------Delhi6542202068

Kolkata, May 9 () A number of entrepreneurs basedin rural areas of the country have taken to manufacturing facemasks amid dwindling demand for their regular produce in thewake of the coronavirus pandemic, an official said onSaturday.Around, 500 rural entrepreneurs have so far producedand sold 3.5 lakh such masks under the Start-up VillageEntrepreneurship Programme (SVEP), he said.They produce around 2,500 masks per day for healthprofessionals, policemen, media personnel and cleaning staff,the official said.In West Bengal, 38 entrepreneurs manufacture nearly600 masks a day in blocks of Dinhata, Pathar Pratima andManikchak in different districts of the state.The entrepreneurs, trained under SVEP -- under theNational Rural Livelihood Mission (NRLM) -- have sold 49,000masks in the state till date,

Thiruvananthapuram, May 9 () Two fresh cases ofCOVID-19 were reported from Kerala on Saturday, both beingforeign returnees who reached the state from Dubai and AbuDhabi on May 7 and were among the expatriates airlifted by theCentre as part of its mission to bring back stranded Indiansabroad. Chief Minister Pinarayi Vijayan said with the twonew patients, the total number of cases in the state has goneup to 505 and there are currently 17 under treatment. "One patient from Idukki, who was under treatment,has been cured today.The two new cases are now under treatmentin Kochi and Kozhikode. They reached the state on May 7 in the Abu Dhabi-Kochi andDubai-Kozhikode flights, respectively," Vijayan toldreporters. "There are 23,930 people under observation in thestate out of which 334 are in isolation

Chennai, May 9 () The Tamil Nadu government onSaturday set up a high-level committee headed by formerReserve Bank of India governor C Rangarajan to examine fiscalchallenges facing the state owing to the COVID-19 pandemic andsuggest the way forward to improve its fiscal position. The committee, which will also consist of FinanceSecretary S Krishnan as coordinator, will submit its report tothe government within three months, according to a GovernmentOrder. The committee, with 21 members, would assess theoverall immediate and medium term impact of the COVID-19pandemic on different sectors of the state's economy includingthe impact of lockdown, additional costs and implications dueto social distancing and their precautionary measures. Also, it would assess the opportunities and threatsin the

Jammu, May 9 () Activities under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) resumed in Jammu division on Saturday after an almost two-month suspension owing to the coronavirus-forced lockdown, officials said.The decision to resume works under MGNREGA was taken following a Home Affairs order allowing select additional activities in rural areas outside containment zones to mitigate the economic hardships being faced by people due to curbs, a spokesperson said.Work has resumed on 5,800 projects in all the 10 districts of Jammu division."More than 25,000 job card holders have been engaged in these works. The director of Rural Development Department RDD has instructed the officers concerned to complete all works under MGNREGA, while ensuring that guidelines for curbing

Raipur, May 9 () Five people were discharged fromthe All India Institute of Medical Sciences (AIIMS) in Raipurin Chhattisgarh on Saturday after recovering from the novelcoronavirus infection, health officials said.Those discharged include two women and a five-year-oldboy, an official informed.So far 43 people have been discharged while the numberof active cases in the state is 16, he added."Two women and a boy from Kabirdham, two men from Durgand Surajpur were discharged after two consecutive tests werenegative for the infection. They will be kept in a quarantinecentre as a precaution before they are allowed to go home," apublic relations officer of AIIMS Raipur told .Chhattisgarh COVID-19 figures are as follows: Positivecases 59; New cases nil; Deaths nil; Discharged 43; Activecases 16; People

Bhopal, May 9 () The 23-year-old daughter of apoliceman who died of the novel coronavirus infection lastmonth in Madhya Pradesh has been appointed as sub-inspector inthe force by the state government, said an official onSaturday.The 59-year-old policeman, in charge of Neelgangapolice station in Ujjain district, died in an Indore hospitalon April 21 after getting infected while performing his dutyin a containment area, the official said."Minister for Home and Health Narottam Mishra spoke tothe 23-year-old woman on Saturday over phone and told herabout the appointment as PSI as announced by Chief MinisterShivraj Singh Chouhan. She is likely to join duty next week,"a state public relations department official said. ADU MASBNM BNM

Bruce Springsteen and Jon Bon Jovi are teaming up to help raise funds for the Garden State's pandemic relief fund, by performing at the #JerseyForJersey benefit on April 22.

A series of photographs taken in recent days from Libya to Singapore show deserted streets after governments across the world shut down borders to contain the deadly coronavirus.

The 25-second teaser - which dropped Thursday - also features Hailey Bieber, Irina Shayk, Alessandra Ambrosio, and many more

The reality star, 22, expressed her fears in a new teaser for Keeping Up With The Kardashians, without identifying the individual who contracted the disease.

Twenty of the new cases were in Heilongjiang province (pictured, a makeshift hospital there), including 13 Chinese nationals who had returned recently from Russia.

The 49-year-old Wreck-It-Ralph star, who was once again joined by her assistant Annie Segal, looked joyful, as she banged on a pot from her apartment balcony in New York City.

Nine parishioners at Mount Neboh Baptist Church, a predominately black church in New York City, have died of coronavirus in the last month.

CNN's Jake Tapper joins a chorus of critics slamming New York City Mayor Bill de Blasio's call for a ticker-tape parade in the city when the coronavirus lockdown is lifted as 'stupid'.

Australian television presenter Scott Tweedie has spoken candidly about the 'eerie' moment he became aware of how serious the coronavirus pandemic was.

'NYC Hospitals were so packed and I was told I could only be admitted if urgent life support was needed similar to the rest of the patients.' So she had to recover on her own.

The star, 35, from the South Bronx in New York had been suffering from COVID-19 and recently took to Instagram to ask fans to pray for him. He suffered from asthma.

On April 5, Nadia (pictured), a four-year-old Malayan tiger, tested positive for COVID-19. Since then, Bronx Zoo officials said four more tigers and three lions have been infected.

Stephanie March as joined forces with photographer Melanie Dunea, on Treats Help, a new initiative that benefits both the ailing restaurant industry as well as those on the front lines of fighting COVID-19.

The state-wide survey carried out by Siena College discovered that 46 percent of New York City residents personally knew someone killed by COVID-19, as do 36 percent living in the suburbs.

New York City EMT John Mondello, 23, was found dead from a gunshot wound discharged from a weapon registered to his retired NYPD father, in Astoria Queens Friday night.

Olivia Palermo put on quite the stylish display while out and about New York City on Tuesday. The 34-year-old beauty rocked leather pants and a scarf mask to walk her dog.

A spike in heart attacks in mid-February could have been an early sign that the coronavirus was starting to spread in New York City before it became the epicenter for the illness in mid-March.

Paul Cary, 66, from Colorado was volunteering for FEMA in New York. His main duty consisted of transporting COVID-19 patients. He had been working in the city since April 1st before falling ill.