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Moratorium may lead to greater build-up of credit losses for banks: Moody's

Asia's banking sector profitability will also decline from deteriorating asset quality and lower net interest margins, said Moody's

Six months after her appointment, first female SAP co-CEO resigns

Morgan, 48, became the first woman to head a company listed on Frankfurt's blue-chip DAX 30 index when she was appointed co-CEO alongside Christian Klein last October

BMW India CEO Rudratej Singh dies due to cardiac arrest

The German auto major had appointed Singh as head of India operations with effect from August 1, 2019

Flight curbs to be lifted when coronavirus is under control, says minister

Hardeep Singh Puri also said a directive was issued on Sunday to airlines, restraining them from doing open bookings since they did not heed to government's advice in the matter

Covid-19: Govt unlikely to exempt GST on masks, ventilators, and PPEs

GST exemption on such items would jeopardise the interest of the industry and would not result in any significant gains to consumer

Covid-19 lockdown: Rs 36,659 cr transferred to 160 mn beneficiaries via DBT

Of the Rs 36,659 crore, Rs 27,442 crore has been transferred under CSS and CS and Rs 9,717 by various state governments for its welfare schemes

ITR forms being revised for benefits of timeline extension, says CBDT

Once the revised forms are notified, it will further necessitate the consequential changes in the software and return filing utility

RBI moratorium: 10% provisioning may shave Rs 35,000 cr off bank profits

Banks will have to categorise the moratorium loans as special mention accounts (SMA) wherein loans are in the 0-90 days overdue buckets

Wuhan virology lab chief denies coronavirus originated from institute

Wuhan Institute of Virology director Yuan Zhiming said, 'there is no way that virus came from us, the virus cannot be man-made'

Covid-19 impact: GoAir employees to go on leave without pay until May 3

Most of the airlines had chalked out their plans to resume services from April 15 in expectation that the lockdown will be lifted

Covid-19: 26 Navy sailors test positive; no cases on combat ships

India tally nears 15,000-mark

Ambuja Cement to start production from April 20, seeks approval from govt

On March 23, Ambuja Cements temporarily suspended its operations at various locations, in compliance with the direction issued by the government in view of the pandemic

Air India opens bookings on select domestic routes for travel from May 4

India has been under lockdown since March 25 to curb the spread of novel coronavirus

Odisha CM announces Rs 100 cr package for 450,000 urban poor families

The wages of every beneficiary will be credited directly to the bank account every week, he said, adding that the programme will be implemented by strictly adhering to the social distancing norms

Covid-19 impact: Airlines' revenues set to dip by 55% in 2020, says IATA

It marks a sharp worsening of the forecast for the aviation industry, as just three weeks ago the decrease was predicted to be 44 per cent, or $252 billion

Lockdown extension: Economic growth will be zero for CY2020, says Barclays

The brokerage had said earlier that the three-week lockdown would likely to have an economic cost of $120 billion which is now estimated to balloon up to $234.4 billion

Retail inflation slows down to 5.91% in March on easing food prices

The retail inflation based on Consumer Price Index (CPI) was 6.58 per cent in February 2020 and 2.86 per cent in March 2019

Arunachal Pradesh extends lockdown till April 30 to contain coronavirus

Only state-run buses will be allowed to ply on the roads.

NTPC to raise Rs 4,374.10 crore via bonds to fund capex, refinance loans

The proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing

Weak economy, lower consumption to dent ad spends in media: KPMG report

OTT, along with online gaming, are emerging out to be winners in the crisis, it said