LG Electronics India will donate products like water purifiers, air conditioners, refrigerators and TVs to the hospitals. Samsung India, on the other hand, will provide preventive kits to hospitals, which includes a surgeon gown, face mask, gloves, preventive eye wear, hood cap and shoe cover.

India’s manufacturing industry does rely heavily on imported components, including semiconductors, smartphone screens, LED screens, sensors and so on.

The company plans to make investments of around Rs 210 crore on infrastructure development of the facility over the next four years. This new manufacturing facility will cater to the domestic and international business for Compaq televisions, for which it holds licence for multiple countries and regions.

Prasad, speaking after a virtual meeting with state IT ministers, also said India needed to capitalise on a huge electronics manufacturing opportunity that has been thrown open, as companies look to move of China in the wake of the Covid-19 virus outbreak.

South Korean electronics giant Samsung has resumed limited manufacturing operations at its Noida plant and will scale up the production gradually, a company official said on Friday.

Industry has also pitched for SPV with initial funding from govt, to help refinance small and mid-sized NBFCs

Affirms Issuer Default Ratings for seven banks including these four and Bank of India, Canara and PNB

On April 27, the RBI had introduced the Rs 50,000-crore liquidity line for the MF industry

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

The meeting will take stock of implementation of several steps announced by the RBI, including moderation in interest rate and its transmission, as well as liquidity infusion measures for industry

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

Dhawan will assume charge from Saturday in place of Ashish Agarwal, the current chief risk officer, who will be transitioning to a new role in the bank

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

Depositors to get up to Rs 5 lakh under deposit insurance on liquidation

Relaxation likely on branch audit as Guv meets bankers

The RBI cancelled the licence of CKP Co-op Bank on April 28, and notified the cancelletaion on its website on Saturday. There it also said that deposits up to Rs 5 lakh are guaranteed by the DICGC

Economic slowdown hits activity, adding fuel to the fire

Private banks put up a better show than other card financiers

The outstanding portfolio of private banks in the credit card space has increased by 59 per cent year-on-year while other issuers saw a 20 per cent growth in 2019 over 2018.

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

The State Bank of India (SBI) has introduced a special deposit scheme for senior citizens with a higher interest rate

The bank saw a healthy growth of 37 per cent in its operating profit at Rs 765 crore compared to Rs 560 crore a year ago.

Bank sets aside Rs 334 cr for expected penalty for SLR breach

In the year-ago fortnight, bank loans had stood at Rs 96.20 trillion and deposits at Rs 124.83 trillion

The Covid-19 crisis is expected to have a heavy impact on the economy and many corporates have been cutting salaries. Some have also retrenched staff, with the unorganised sector being hit the most. The unemployment rate in India touched 27 per cent in the week to May 3, according to think-tank CMIE.

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.

In the previous fortnight which ended on April 10, 2020, bank credit had grown by 7.20 per cent and deposits by 9.45 per cent.

“Anyone who has not been able to pay because of the moratorium, we have taken care to not report them to rating agencies,” Yes Bank managing director Prashant Kumar said. “Customers cannot be penalised for that.”

On Monday, the front-month US WTI benchmark crashed into negative territory for the first time ever in history

Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity

Move spurred by unprecedented decline in demand; WGC is also working with large institutions for a bullion exchange in India, and with assaying centres to build consumers' trust

Variables such as nominal gross domestic product (GDP), central bank balance sheets, or official gold reserves will remain the key determinants of gold prices.

Report points to the possibility of grains being hoarded by farmers and traders to be sold at a later date when mandi operations and logistics normalise

The mineral lobby body has appealed to the Union finance ministry to exempt bauxite exports from duties

The Rupee is finding resistance around 77.06 and upside momentum will continue above that level

The crude oil situation has made investors running for cash and dumping commodities

Some farmers told ANI that they are facing problems as there is shortage of labour and they are not able to send their produce to the market due to the lack of transport facilities

A disruption in supply chain means that the arrival of commodities across the nation's main mandis remained a cause of concern

For the month ahead mustard prices are expected to head towards Rs 4,400

Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200

According to the MCX data, the share of natural gas in the total volume of the exchange has almost tripled, while that of crude has reduced by more than half

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

Punjab has prohibited the sale of uniforms and textbooks in school premises, state Education Minister Inder Singla said on Saturday.

In a move to promote children's theatre in rural India, the National School of Drama (NSD) will showcase the results of its first such effort with Odisha's tribal children in the form of two plays produced in a Children's Theatre Workshop in the state.

Even as the Yogi Adityanath government in Uttar Pradesh is trying to promote Sanskrit in a big way by issuing press statements in this language, the number of students who wish to study it is falling alarmingly.

All private universities in Uttar Pradesh will now have to give an undertaking to the government, saying that their campuses will not be allowed to be used for "any anti-national activity", a new ordinance says.

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.

Coca-Cola said its financial contribution will be utilised for various purposes, which include activation of over 50 locations across 10 states in partnership with its bottlers to support the hydration needs of the underserved communities through distribution of beverages during the lockdown period.

Britannia Industries Ltd has launched a Store Locator service to enable consumers to find their favourite Britannia products in stores nearby.