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.

GSK has agreed to sell its entire stake in Unilever's Indian business for about 254.8 billion rupees ($3.35 billion) on the open market, cashing in late from the sale of the Horlicks brand.

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 move from Kotak Mahindra comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21.

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.

The world's largest steelmaker had posted a net income of USD 0.4 billion in the year-ago quarter.

Yes Bank's board had to be superseded by the RBI and the government earlier this year after alleged mismanagement under its founder CEO Rana Kapoor.

The procurement of wheat and rice (second crop) during the ongoing Rabi season has picked up pace despite severe logistical constraints posed due to countrywide lockdown," the food ministry said in a statement.

The state government on Thursday increased the VAT on petrol to 38 per cent from 36 per cent earlier while on diesel to 28 per cent from 27 per cent earlier.

Sebi also said 'some mutual fund schemes' continued to invest in high risk and 'opaque' debt securities despite the regulatory framework having been amended for safeguarding investors' interest.

She further said that state-owned banks implemented the moratorium announced by the RBI on repayment of loans.

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

Moody's Investors Service on Friday said the negative outlook on India's rating reflects increasing risks that GDP growth will remain significantly lower than in the past and partly hints at weaker policy effectiveness to address economic and institutional issues.

Overall, the mutual fund industry witnessed net inflows of Rs 45,999 crore across all segments, data by the Association of Mutual Funds in India showed on Friday.

After rallying 645.13 points during the day, the 30-share index surrendered most gains to settle 199.32 points or 0.63 per cent higher at 31,642.70.

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

Finance Minister Nirmala Sitharaman in her Budget for 2020-21 had pegged gross borrowing in the new financial year at Rs 7.8 lakh crore, higher than Rs 7.1 lakh crore estimated for 2019-20.

Confederation of Indian Industry said a substantive stimulus is required from the government in the form of support to the poor and to the industry.

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.

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.

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

Earlier, such registrations/approvals were granted without any specific expiry period unless specifically withdrawn by concerned tax authority.

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.

While the first instalment of the SGB 2020-21 series was open for subscription from April 20 to 24, the current issue will be open from May 11 to May 15.

The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19.

Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account.

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.

Armand Duplantis and Renaud Lavillenie shared the honours in the Ultimate Garden Clash.

Tennis is one of several social-distancing-compatible sports the Austrian government has allowed to resume as they ease the Covid-19 lockdown.

The Checkmate Covid-19 Blitz Open, organised to raise funds for Kerala's fight against Covid-19, was won by Grandmaster SL Narayanan.

PGA Tour decided to ensure status for all players, exempt in 2019-20, to retain their status for 2020-21, too.

Leander Paes revealed that his mother was not to happy with his viral challenge that took social media by storm.

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

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.

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

Egypt's Youssef Hossam received life ban for match-fixing and his brother has got the same two years ago for corruption.

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.

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

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

Social-distancing restrictions are still in place in Australia, so 'normal' full-contact training will not resume for another week at least.

NSFs and State Olympic Associations have been asked to collect feedback from the stakeholders such as athletes, coaches, support staff, central and state government ministries, match officials and sports administrators

FFT president Bernard Giudicelli said the protocol proposed was "favorably received by the sports ministry" and could lead to the resumption of training and other amateur activities.

Both the ATP and WTA Tours have been forced to take cost-cutting measures since the COVID-19 pandemic started

India lost to Rest of the World in the second round of the FIDE-Chess.com Online Nations Cup after against USA.