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.

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.

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.

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.

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.

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

US West Texas Intermediate (WTI) crude futures fell as much as 2.1 per cent to $24.05 a barrel and were down 14 cents at $24.41 a barrel at 0201 GMT. WTI has snapped a five-day winning streak.

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.

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

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.

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

India is prioritizing medical equipment suppliers, food processing units, textiles, leather and auto part makers among more than 550 products covered in the discussions.

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.

With five months still left for 2019-20 marketing year to end, the association feels the mills have the potential to fulfil their exports commitments.

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.

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

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

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.

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.

The Associated Journals Limited (AJL) is controlled by senior Congress leaders, including members of the Gandhi family.

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.

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.

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

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

Sun Yang was found guilty of refusing to give a doping sample and was banned for eight years for the same.

South Korea's sporting industry emerged from the coronavirus shutdown with baseball while football and golf will soon follow suit.

The nomination inviting process usually begins in April but was pushed back due to Covid-19 lockdown and now, the final date of submission has been fixed at June 3.

World Archery executive board had suspended all its events till August 31, resulting in a huge losses to the federation.

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.

The global charity run also saw over 400 Indians running for the noble cause raising over 1250 Euros.

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

Players beginning to train is the first small step on the road to resuming the 2019-20 NBA campaign that was shut down on March 12 due to Covid-19.

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.

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.

UFC chief Dana White touts the return of the mixed martial arts as a step toward normalcy and a boon for sport-starved fans.

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

Kiren Rijiju said coronavirus has changed everything and sports need to be conducted in a new way

On daughter Maryam's 3rd birthday, actor Dulquer Salmaan took to Instagram to pen a poem for the 'big girl' and asked her to 'slow down' and not grow up too fast.

A video of Ranbir Kapoor talking about Katrina Kaif has surfaced, Elon Musk's girlfriend, singer Grimes, has given birth to their first child together. More details in today's entertainment recap.

Karishma Tanna took to Instagram and shared a photograph of herself doing the complicated inverted yoga pose despite injured foot.

Melissa and Winston Rauch also share three-year-old daughter, Sadie.

Titled Chalk And Cheese With Gunjan Utreja, the first season has celebrity couples like Aparshakti Khurana with his wife, Neeti Mohan and her husband and comic Amit Tandon among other guests who will play fun games and quizzes.