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.

Indian stocks slid on Thursday, with declines led by banks and Hindustan Unilever, as coronavirus cases in the country crossed 50,000 despite a strict weeks-long lockdown.

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

ONGC was the top loser in the Sensex pack, slumping over 4 per cent, followed by NTPC, Kotak Bank, Titan, Bharti Airtel and PowerGrid.

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.

Many MSMEs and corporates have also availed the three-month moratorium offered by banks as per the Reserve Bank of India

Japanese brokerage Nomura warned of a likely downgrade of the sovereign by global ratings agencies while American brokerage Goldman Sachs (GS) said RBI will cut rates by another 1 percentage point to arrest the economic slide.

The next sumo 'basho' or tournament had been scheduled to begin on May 24, after organisers delayed the event by two weeks over the pandemic.

A statement said 'appropriate testing measures' would be put in place to protect the health of players, production crew and others on site.

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

Mary Wilson, a multiple sclerosis sufferer, hoped to qualify for Tokyo Paralympics but being 56-year-old, she recognises that with Covid-19 roadblock, time may not be on her side.

Kashmiri athletes like Afreen Hyder, Aijaz Hassan, Vilayat Hussain and more have to make do with the restricted spaces and still stay fit during Covid-19 lockdown.

Taylor Fritz said that the tennis authorities are looking to stage the US Open but he was unsure if they will be able to do that.

Money though the Player Relief Programme, run by ATP, WTA, Grand Slam organisers and ITF, will be divided equally among men and women.

PV Sindhu said that senior Indian players with international experience can coach and help youngsters during the coronavirus lockdown.

The Player Relief Programme will support those 'who are facing unprecedented challenges due to the global impact of Covid-19'.

Under New Zealand's four-tier alert system, social distancing protocols are enforced less stringently under level two, allowing contact sports including the national game of rugby union.

French Tennis Federation announced that all ticket holders for the French Open will be refunded.

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

UFC fighter Ronaldo 'Jacare' Souza and his two cornermen were found positive for Covid-19 but asymptomatic and will self-isolate off host hotel.

The Tokyo Olympics was postponed for a year to 2021 in the aftermath of the coronavirus pandemic.

Bob Chapek, Disney’s chief executive, said Disney would reopen the Shanghai park with a reduced number of visitors. Reopening of Disney’s other parks in Asia, the United States, and France hasn't been announced yet.

Due to the coronavirus pandemic, cinema-owners have to think seriously about how their operations might need to change, at least in the short to medium term.

Official Twitter of State of Israel responded to Varun Dhawan's tweet on coronavirus antidote with his 'ABCD 2' dialogue.

Madonna says she caught the novel coronavirus in France towards the end of her famous tour Madam Xtour, adding that she is currently not sick.

This Partner Support Fund for SMBs in logistics will be available to Delivery Service Partners (DSP) and select Transportation partners in India.

The social networking giant also said it counts 2.99 billion monthly users across its family of apps, compared to 2.89 billion in the previous quarter.

Google also blocked and removed coronavirus-related marketing pitches in recent months for policy violations including price-gouging and misleading claims.

One of the websites used to schedule appointments showed there were no slots available for people not showing any symptoms or those who are not "front-line workers".

The launch is scheduled for May 27 from Kennedy Space Center in Florida and will arrive at the ISS the following day.

Since the lockdown, smartphone manufacturing units are closed, retail shops are shut and online sellers are busy delivering groceries and other essential items.

The leading industry experts said that many of the patterns and trends that have emerged during the pandemic situation are going to stay and the telecom sector needs to get prepared for that.

Experts fear that while there will be a proliferation of information technology tools and gadgets, post-COVID-19, but internet and broadband will remain an issue in India.

The app will ask people about their symptoms and offer guidance on whether they may have COVID-19, the potentially lethal illness caused by the coronavirus.

The 33-year-old all-rounder had a hugely successful World Cup in England last year, scoring 606 runs in eight matches at an average of 86.57, which included two centuries and five fifties.

But with increased focus on social distancing and personal hygiene to contain the spread of the virus, the sport stares at a changing landscape.

Following the chief executives meeting of the ICC on Thursday, its medical committee, headed by Peter Harcourt, had issued an update.

The rain meant a scheduled morning women's semifinal wasn't played due to wet grounds.

Azhar Attari, a prominent first-class player, confirmed on phone that they were still in Colombo waiting to fly home.

The impact of COVID-19 on the cricket ecosystem - structured and unstructured - at the grassroots has slipped under the radar

In reply, Raja said all stakeholders of the game must come together to eradicate match-fixing.

He also thanked Indian Prime Minister Narendra Modi, the New Zealand Embassy in India, New Zealand's Ministry of Foreign Affairs and New Zealand's Prime Minister Jacinda Ardern.

The opener claimed that Sarwan wanted to take control of the franchise and that is why he engineered Gayle's ouster from the team.

The flagship tournament, which the ECB expects can match the global popularity of that of the Indian Premier League and the Big Bash League, could add to the long list of events being put on hold due to the pandemic.

Sporting activities around the world have been brought to a grinding halt by the coronavirus outbreak.

Royals have already contributed funds to supply 100,000 meals to underprivileged women in Rajasthan.

The framework, which outlines a staged return to play, has three stages -- Level A, Level B and Level C.

The former Sri Lanka wicketkeeper-batsman became the first non-British President of the club when he assumed office on October 1 last year.

The COVID-19 outbreak has brought the sporting world to a halt, with the 2020 Olympics postponed for a year and cricket's richest club tournament, the Indian Premier League, delayed indefinitely.