Capital infusion to be supported by IDFC limited, ICICI Prudential Life, HDFC Life, Warburg Pincus and Bajaj Allianz

Fitch has cut its forecast for India's GDP growth in the financial year ending March 2021 (FY21) to 0.8 per cent from a pre-pandemic forecast of 5.1 per cent

The meetings were also attended by deputy governors and other senior officers of the central bank, RBI said in a statement on its website

Relaxation likely on branch audit as Guv meets bankers

Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RBI is actively considering them, according to sources.

Senior SBI executives said most of those seeking deferment are retail and micro and small enterprises and are hard-pressed for resources when earning and cash flows have almost dried up.

The motor and health segments led the decline in premiums for the industry as the month saw premium fall by 9 per cent.

Considers 25 fresh credit proposals from shadow banks

There is a facility of standby line of credit for MSMEs as well as PNB COVID-19 Emergency Credit Facility (PNB-CECF), the bank said

RBI had earlier announced a three-month moratorium on loans by banks to NBFCs.

The SBI official said the employee was not attending office for the last 8-10 days and was later found to have contracted the deadly virus.

Though WTI recovered, investment in alternative fuels like shale has become unviable.

Earlier the strawberry growers here had to suffer losses following a hailstorm, now that the markets are shut, the strawberry produce is yet to be sold

Demand continues to remain high, as harvesting and shipping issues hamper supplies

Farmers hold on to stocks due to great demand for high-quality Indian produce

Supplies remained unaffected and no unusual spike in prices says Mandi Chairman; 15 confirmed cases registered so far

The coronavirus cases in Maharashtra have reached 12,296, including 2,000 discharged cases and 521 deaths.

In value terms, April imports dropped to $2.84 million from to $3.97 billion a year ago

Zero making charges may not work any more; store sales to be impacted as consumers buy online

The need to close the mandi arose after confirmed Covid-19 cases surpassed 80 within the APMC itself and shot past 450 across Navi Mumbai, where this mandi situated

Beverages maker Coca-Cola’s company-owned bottling partner Hindustan Coca-Cola Beverages has bucked the general trend of companies resorting to pay cuts and job cuts amid the Covid-19 pandemic, announcing 7-8% salary increment to its 7,000 direct employees with effect from April 1, 2020.

“While during the early days of lockdown basic essentials got sold, with time some discretionary sales are coming back,” said Devendra Chawla, MD at Nature’s Basket and Spencer’s Retail that saw 30-60% growth in sales for cold cuts, exotic vegetables, assorted breads and cakes, cookies, international sauces, organic range of staples in last ten days.

Dairy major Amul has written to the central government requesting clarifications on claims made by local authorities, and even some factions of the Gujarat government, that consumption of chilled products like ice-cream spread coronavirus.

“There is absolutely no income coming our way due to the Covid-induced lockdown for over a month. As a result, most companies are facing the problem of paying the employee salaries in full for the month of April,” said National Restaurant Association of India president Anurag Katriar.

Consumers in West Bengal preferred Kachi Ghani Mustard oil followed by Refined Soybean oil over other variants during the period. Dhara in West Bengal primarily operates in categories like Kachi Ghani Mustard Oil, Refined Sunflower Oil, Refined Soybean Oil and Refined Rice Bran Oil.

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Hayden Library - LC213.I587 2014