Auto companies, however, managed to export vehicles due to resumption of port operations.Maruti, Hyundai, M&M, Toyota Kirloskar, MG Motor reported zero domestic car sales for April

IBBI has already said the lockdown imposed by the government will not be reckoned in the resolution timeline.Since its inception, the IBC process has been mired in last-minute litigations with promoters trying hard to retain control of their firms

The worst hit among the top 20 companies was Cipla, whose sales fall by 28%, while that of Zydus Cadila, GSK Pharma and Dr Reddy’s down by 25%, each.There seemes to be less panic buying of medicines for chronic illnesses in the last two weeks of April

The resolution plan would allow lenders to get close to 40% of their claims for both the companies.While the joint resolution plan was approved by the committee of creditors (CoC) in April last year, SSG Capital, the other bidder for these assets contested the decision

These customers are those who have deposited more than ₹5 lakh in their accounts .RBI cancelled the bank's licence citing its highly adverse financial position

Private hospitals say the order in its current form will result in losses and would also affect the salaries of healthcare workers.The reduction in prices for private healthcare providers comes at a time when they are dealing with lower hospital occupancy rates, as patients opt to postpone planned medical procedures due to the pandemic

The company relied on RBI moratorium of three months on payment of instalments of all term loans outstanding between 1 March and 31 May

Gilead said it was in discussions with 'some of the world’s leading chemical and pharmaceutical manufacturing companies' to produce remdesivir for Europe, Asia and the developing world through at least 2022