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Ministry wants power plants to keep buying coal despite weak demand

Electricity consumption slumped 21.3% in the first two weeks of the lockdown ended April 7, compared with the first three weeks of March, according to government data

Dow Jones, S&P 500 end marginally lower after a volatile session

The Dow Jones Industrial Average fell 26.13 points, or 0.12%, to 22,653.86

OPEC+ likely to cut oil production only if US joins efforts: Report

Worldwide oil demand has dropped by roughly 30%, or about 30 million barrels a day, at the same time that Saudi Arabia and Russia have been flooding markets with extra supply.

Coronavirus: Boeing suspends production of 787 at South Carolina plant

The announcement came soon after the state's governor issued an order on Monday directing residents to stay home except for essential trips.

US chipmakers oppose proposed export rule changes amid Covid-19 crisis

In a letter sent on Monday, nine groups urged U.S. Commerce Secretary Wilbur Ross to allow public comment before putting the rules into effect to avoid unintended consequences

Dow Jones, S&P rise over 7% on hopes of slowing coronavirus deaths

The Dow Jones Industrial Average rose 1,627.46 points, or 7.73%, to 22,679.99, the S&P 500 gained 175.03 points, or 7.03%, to 2,663.68

UK PM Boris Johnson in intensive care after coronavirus symptoms worsen

Over the course of this afternoon, the condition of the Prime Minister has worsened, said the statement of Downing street

Global stocks jump on coronavirus slowdown hopes; oil slips on supply fears

Equity investors took solace as the death toll from the coronavirus slowed across major European nations including France and Italy

Reliance to sell some April-loading crude cargoes in a rare move: Report

Mukesh Ambani's Reliance has offered various grades of Middle East crude for sale in Asia's spot market, including grades such as Abu Dhabi's Murban crude and Qatar's al-Shaheen crude.

E-commerce giants face disruption in operations amid lockdown: Report

Since Wednesday, when the lockdown bega, most of Amazon India's 60 plus fulfilment centres across India were shut, and the company is still in talks with state authorities to swiftly reopen warehouses

Singapore Airlines gets $13 bn lifeline from Temasek amid Covid-19 outbreak

Many governments worldwide have already stepped in to help airlines amid the virus-induced travel slump, with the United States offering $58 billion in aid

RBI pulled out its bazooka to tackle Covid-19 slowdown: Experts on rate cut

The RBI said it was maintaining its "accommodative" stance, and would keep its position "as long as necessary" to revive growth, while ensuring inflation remained within target

Covid-19: Big banks reassure staff on layoffs owing to future uncertainty

There could be a sudden surge in activity once cities re-open, people get back to work and markets normalize in a few months - leaving banks unprepared if they fire staff that seem unnecessary now

Dow wraps up strongest three days since 1931; S&P 500 surges 6.24%

The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was the index's strongest three-day percentage increase since 1931

SAIL facing order cancellations, re-scheduling due to lockdown: Report

The steel companies were facing logistics issues, on one hand, and dealing with lower demand as most of the user industries were reeling from the impact of the lockdown.

Banks plan to shut down most branches during coronavirus lockdown: Report

India is still very much a cash society and banks have been exempted from a 21-day lockdown that began this week as they are considered an essential service

As slowdown bites, Airbnb seeks extension of $1-bn debt facility from banks

Airbnb's revenue in 2019 exceeded $4.8 billion, up 35% on year, excluding any foreign exchange impacts

New York sees glimmer of progress against coronavirus, New Orleans worsens

The rate of hospitalizations in New York has slowed in recent days, Cuomo said, with numbers he called "almost too good to be true." But he said much more work needed to be done

Wall Street bonuses to plunge 30%, layoffs likely as Covid-19 hits markets

Johnson did not estimate cuts to specific businesses, but he said headcount could be reduced by up to 10% and could include retail divisions

Covid-19 impact: Amazon won't require sellers to repay loans until April 30

Merchants of popular items from toys to apparel have worried that the temporary ban on stocking goods in Amazon warehouses