'Moratorium will probably have to get extended in a lot of cases.'

‘We are a cash generating company and virtually carry no leverage’

‘The debt will come down even further if fibre InvIT and Aramco sale happens’

‘Industry leaders would benefit from both the demand revival as well as consolidation.’

Reserves rose by $2.34 billion during the week under review.

At the interbank foreign exchange market, the local currency opened at 71.25.

The last time forex reserves declined was in the week to September 20, 2019, when it had fallen by $388 million to $428.58 billion.

Forex traders said the rupee which started the day on a positive note, witnessed heavy volatility.

The rupee, which opened on a positive note at 75.90, settled for the day with gains of 78 paise at 75.16 against the American currency.

Forex traders said stimulus measures announced by the RBI and FPIs turning net buyers in capital markets boosted investor sentiment.

Forex traders said the rupee is trading in a narrow range as losses in the greenback supported the rupee, while weak domestic equities weighed on the local unit.

The emergence of new business environment in the wake of Covid-19 is expected to boost cloud services and digitisation as companies overhaul their digital infrastructure to deal with new ways of working, they said.

Privately-held real estate investment firm Cain International has signed an agreement with the Oberoi Group for the operation of 23 serviced residences in Mayfair in London.

According to the consulting firm KPMG, in comparison to the economic crisis of 2008, the government now has limited options to undertake corrective interventions owing to the financial stress which was already prevalent in the pre-COVID-19 period.

Hotels newly earmarked in Delhi include the Taj Palace Hotel, Shangri-La’s Eros Hotel and Le Meridien, according to people aware of the matter.

The Confederation of Real Estate Developers' Association of India (Credai) has written to minister for housing & urban affairs Hardeep Singh Puri, seeking urgent measures to control the hike in the prices of cement and steel amid the ongoing pandemic crisis.

Under the e-token system, customers are given specific time for purchasing alcohol so that there is no violation of social distancing norms by people queuing up outside liquor stores.

Realtors' apex body Credai on Saturday said cement and steel rates have increased by 40-50 per cent in last few weeks despite the lockdown and alleged price cartelisation and unfair trade practices by the manufacturers.

The government had recently allowed certain industrial activities other than in the containment zones to operate, while relaxing the COVID-19 induced lockdown in the state.

The company has already started operations in the Middle East, with the re-opening of 9 standalone showrooms in UAE and 3 showrooms in Qatar on the occasion of Akshaya Tritiya. Kalyan Jewellers will be following the highest level of safety and precautionary measures across operational showrooms, to safeguard the health and safety of both customers and staff alike.

In case, the examination results are not ready by July 31, students will have the opportunity to provisionally register and move on to the next semester, the VC said. The entire monsoon semester registration process will be completely online making it easy for the students to register even from their homes.

The disruption caused by the coronavirus pandemic could be one such tipping point, provided the states that supply much of the migrant labour have the foresight and political will to reform their industrial environment. It is evident from many accounts that many migrant workers who have fled to their home states will not return.

The country's largest domestic airlines had on Friday announced pay cut ranging between 5 and 25 per cent.

The task force, in a report released on Thursday, acknowledged stress in the telecom sector and said the Supreme Court judgement mandating companies to pay around Rs 1.35 lakh crore has placed some operators in a "precarious position" due to the short period of time in which they have to meet their liabilities.

This will be the first Open House Discussion (OHD) to be conducted by the regulator during the lockdown and also first such discussion to happen through video-conferencing mode.

"We request the DoT to kindly consider extending the currently specified timelines for minimum roll-out obligation by a period of at least 6 to 9 months so that relief is afforded to all forthcoming minimum roll-out obligation timelines and not just to those due for testing at this present point in time," COAI said in a recent letter to Department of Telecommunications (DoT).

Tower and Infrastructure Providers Association (TAIPA) Director-General T R Dua said that during the lockdown period so far, telecom tower-related work was primarily focused on operation and maintenance activities and carrying out essential repairs and upgrades.

The tender was floated by BSNL in March under the new management for setting up 4G network. This was the first tender issued by the telecom PSU after the government announced Rs 68,751 crore relief package for BSNL and MTNL in October 2019.

Airtel Thanks app customers will not have to pay any subscription to avail the access to ZEE5's content, according to the announcement.

Besides rental waivers on select plans for micro, small and medium enterprises, the telcos will help manage their bandwidth needs and offer customised digital tools to boost their web presence.

Airtel CEO Gopal Vittal, in a note to customers, said that the next phase of the journey has begun as the world slowly starts to open up.

PE firm Vista Equity to invest Rs 11,367 crore in Jio Platforms after Facebook and Silver Lake.

Mukesh Ambani just sealed three deals in as many weeks to raise a combined $8 billion. And he isn't done yet.

Three deals in three weeks injected a combined $8 billion in the group and help it pare its debt.

The body has also raised serious concerns with the new Pesticide Management Bill, which heightens the criminalisation of business operations, as there are penalties of up to Rs 50 lakh with an imprisonment up to 5 years or both, without differentiating between minor or major offences.

In a statement issued on Tuesday the company said it will "enforce all the guidelines set by government authorities to ensure health and safety of the employees and all other stakeholders involved in the manufacturing process."

Coal India planned to auction 60% of its 75 million tonnes inventory by May-June following which four subsidiaries planned to offer 46 million tonnes under different e-auction schemes. CIL reduced floor price for bidding from 20-30% above notified price to the notified prices and bulk of the offer was to be for auctions allowing consumers to lift booked quantities over several months.

The country imported 26.34 million tonnes (MT) of coal in April 2019, according to a provisional compilation by mjunction services based on monitoring of vessels' positions and data received from shipping companies.

Construction groups have received permission to restart work in the National Capital Region, after getting permission from local authorities and fulfilling government mandated conditions.​​ The companies have imposed a ban on gutka, pan masala, pan and any form of tobacco at their sites to maintain hygiene.

Bids were submitted by CarVal Investors and Nithiya Capital Resources Advisors. The resolution plans involve settlement to financial creditors of Uttam Value Steels with a total upfront and contingent payment of Rs 1,078 crore and Rs 1,576 crore for Uttam Metallics.

Coal India has lent Rs 300 crore to subsidiary Central Coalfields while Bharat Coking Coal is in talks with subsidiary Northern Coalfields for another Rs 300-400 crore loan in order to meet working capital requirements, including salaries. Central Mine Planning & Design Institute has also been given a Rs 15 crore loan for salary payment of its executives by Coal India.

The likes of Tata Steel and Jindal Steel & Power are exporting 80-90% of their production, while JSW Steel is looking at shipping out somewhere around 20-30% of its output.

The amount towards upfront payment to the coal-bearing states i.e. Chhattisgarh, West Bengal, Madhya Pradesh and Odisha was sanctioned, an official said.

In a letter to Finance Minister Nirmala Sitharaman, the Confederation of ATM Industry (CATMi) mentioned that it has been recognised by the government as a crucial player to further the financial inclusion. The COVID-19 situation has caused a sharp decline in the ATM transactions and has posed severe business challenges to the ATM industry, the CATMi stated.

Cement manufacturer India Cements said it has adopted a series of precautionary and safety measures at its facilities including compliance with standard operating procedures and other measures as advised by government authorities.

The third auction "is being undertaken by PFCCL (PFC Consulting) as per the IMC (Inter-Ministerial Committee) decision. The CIL's role is limited to making available the source-wise availability of coal which it has already provided to PFCCL. Therefore, other issues need to be taken up with PFCCL, being the agency responsible for conducting the auction," CIL told APP.

The report further said the lockdowns have adversely affected the demand for chemicals and petrochemicals owing to decline in consumption and shutting down of manufacturing plants, supply chains and distribution networks.