Page 1993 - Coronavirus
Refiners stare at Rs 25,000 cr inventory loss as oil prices slump: Crisil
Crude prices nosedived from an average $55 per barrel in February to $33 in March and around $20 at the end of March as demand slumped because of the COVID-19 pandemic
 "Refiners stare at Rs 25,000 cr inventory loss as oil prices slump: Crisil")
Govt to suspend up to 1-year IBC provisions that trigger insolvency cases
The sources said an ordinance would be promulgated to suspend three sections of IBC for up to one year and a decision in this regard was taken by the Union Cabinet on Wednesday.
 "Govt to suspend up to 1-year IBC provisions that trigger insolvency cases")
India's GDP growth may dip below 1% in 'slowdown turbulence', says CII
The Confederation of Indian Industry (CII) in a paper - A plan for economic recovery - has laid out its growth expectation under three os and suggested "urgent" fiscal interventions
 "India's GDP growth may dip below 1% in 'slowdown turbulence', says CII")
Housing sales fall 26% in Jan-March, new supply dips 51%: Report
New launches too fell by more than a half to 35,668 units from 72,932 flats during the period under review
 "Housing sales fall 26% in Jan-March, new supply dips 51%: Report")
Lockdown: UP govt to boost industrial activity in less infected districts
No relaxation for 19 out of 75 districts; Expressway, road projects worth Rs 45,000 cr resume civil work
 "Lockdown: UP govt to boost industrial activity in less infected districts")
Telecom infra players urge states to reduce power tariffs amid coronavirus
The industry body has written letters to 26 states and two union territories seeking relief
 "Telecom infra players urge states to reduce power tariffs amid coronavirus")
Top headlines: Govt puts on hold DA hike, Fitch cuts India growth forecast
Business Standard brings to you the top headlines of the day
 "Top headlines: Govt puts on hold DA hike, Fitch cuts India growth forecast")
Reliance's Jamnagar refinery cuts crude processing by 24% as demand slumps
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
 "Reliance's Jamnagar refinery cuts crude processing by 24% as demand slumps")
Tamil Nadu CM assures balance between Covid-19 control, economic activity
Exporters want to be allowed to fulfill pending orders; many firms ask for labour transportation as they don't have accomodation at their factories
 "Tamil Nadu CM assures balance between Covid-19 control, economic activity")
Fitch Ratings sees India growth dipping to 0.8% in FY21 from estimated 4.9%
The rating agency predicted two consecutive quarters of contraction or negative year-on-year growth in current fiscal -- (-)0.2 per cent in April-June and (-)0.1 per cent in July-September
 "Fitch Ratings sees India growth dipping to 0.8% in FY21 from estimated 4.9%")
MARKETS: Sensex gains 484 pts as IT, financials rally; Nifty ends at 9,314
All that happened in the markets today
 "MARKETS: Sensex gains 484 pts as IT, financials rally; Nifty ends at 9,314")
Covid-19 impact: With retail shut, cement and stocks pile up at factories
Starting construction may have no impact on demand if the loha and cement mandis don't open
 "Covid-19 impact: With retail shut, cement and stocks pile up at factories")
Take action against politicians violating lockdown: Haryana govt to police
Action will be taken against any political leader, whether from the ruling party or the opposition if found violating the lockdown, Haryana Home Minister Anil Vij said
 "Take action against politicians violating lockdown: Haryana govt to police")
Gadkari hints at further easing of Covid-19 lockdown in next 15 days
Calls for decentralisation of industrial activity, says relaxation in Delhi and Mumbai it could be difficult
 "Gadkari hints at further easing of Covid-19 lockdown in next 15 days")
Pakistan receives $1.39 bn loan from IMF to deal with coronavirus crisis
The $1.39 billion loan is in addition to the $6 billion bailout package that Pakistan had signed with the IMF in July last year to stave off a balance of payment crisis
 "Pakistan receives $1.39 bn loan from IMF to deal with coronavirus crisis")
Monetisation of govt's fiscal deficit by RBI is tricky, say economists
The RBI is kept out of directly monetising the government's fiscal deficit because it may give rise to unproductive spendings.
 "Monetisation of govt's fiscal deficit by RBI is tricky, say economists")
Policy dilemma: Is the Covid-19 pandemic a demand or supply shock?
In the absence of clarity about the impact of this crisis on demand and supply, any measure undertaken presents the possibility of proving to be eminently wrong when clarity eventually emerges
 "Policy dilemma: Is the Covid-19 pandemic a demand or supply shock?")
Mindtree Q4 preview: Commentary on Travel biz, growth outlook for FY21 eyed
Analysts expect a higher impact on the company's Travel and Hospitality vertical, which constitutes over 16 per cent of total revenues.
 "Mindtree Q4 preview: Commentary on Travel biz, growth outlook for FY21 eyed")
Explained in pics: Govt brings tough law on attacks on health professionals
The move comes in the wake of reports of assaults on healthcare workers at some places in the country, including in Madhya Pradesh, Rajasthan, Uttar Pradesh, Tamil Nadu, and Karnataka
 "Explained in pics: Govt brings tough law on attacks on health professionals")
BJP spreading communal prejudice, hatred; should worry every Indian: Sonia
Addressing a meeting of the Congress Working Committee, Gandhi said this should worry every Indian and the Congress will have to work hard to repair this damage
 "BJP spreading communal prejudice, hatred; should worry every Indian: Sonia")