 "Lockdown 3.0, coronavirus, Covid-19, workers, hospital, Covid-19 test, Coronavirus test, protective suits")
The spread of coronavirus led to services activity in India contracting at the fastest pace in over 14 years. Bankers have approached India’s top retail players to evaluate the possibility of a merger with Kishore Biyani's Future Retail after he defaulted on loans in March and FRL’s share price collapsed. The sharp hike in excise duty for auto fuels – petrol and diesel – is likely to add Rs 1.4 trillion to the government’s kitty, says the latest report by Barclays. Here are the top events of the day which made it to the headlines:
Covid-19 lockdown wipes out service
