Besides SBI, other members of the consortium that has been cheated are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank

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

Rana Kapoor and his family members allegedly got benefits worth Rs 4,300 crore through the companies controlled by them as kickbacks for sanctioning huge loans, the ED has alleged.

For overnight, one month, three months and six months, MCLR have been reduced to 7.40 per cent, 7.50 per cent, 7.60 per cent and 7.70 per cent, respectively.

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.

“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.”

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

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

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

RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year

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

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

Normally, farmers anticipate a huge bump in demand during the February-May season due to weddings and other such occasions

Record high local prices, coupled with short-term pressure on household finances, could encourage people to sell gold

Investment demand, though lower by 17%, was relatively better as sentiments towards equities turned negative and investors turned to gold's liquidity and safe haven status

Physical sales were very limited due to the lockdown and sovereign gold bonds were one of the few avenues available to invest in the precios metal

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

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

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

So far, initial exports are estimated to be of the tune of Rs 600 crore which is minuscule compared to the polished diamond inventory

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

Nickel took support around 900 and then bounced back till 932

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

The Delhi High Court on Monday asked the Centre and the National Testing Agency (NTA) to file their response on a plea challenging the 2019 National Eligibility-cum Entrance Test (NEET) for admissions to MBBS and BDS courses.

In a sensational turn of events, four departmental heads of the Rabindra Bharati University have stepped down alleging racist slurs targeted against them by state's ruling Trinamool Congress students wing members.

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.

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

KFC India managing director Samir Menon said: “Subdued growth in March and softness is on account of the lockdown. We continue to operate around the ongoing Covid-19 pandemic with our delivery business only amidst the lockdown situation in the country as we comply with all regulatory directives.”

“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.

Some large dairies across the country have reported 50-100% jump in monthly sales of cheese, butter, paneer, cream and dairy whitener in April — the month that saw offices adopting the work-from-home model to align with the government’s lockdown order and help contain the spread of coronavirus.

CII suggested government to consider measures such as rationalization of GST on value added products such as butter and ghee to build market resilience. CII also suggested the government to distribute liquid milk through mid-day meal schemes to ensure nutrition availability for children.

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.

[S.l.] : PETER LANG AG, 2020.

Fresno, CA : Alliant International University, California School of Professional Psychology, 2008

Cham : Springer, 2020

New York : The Guilford Press, [2020]