Mumbai
More Fiscal Stimulus Measures Necessary in India to Fight Covid-19: S&P
In March, the government announced a Rs 1.7 lakh crore relief package focusing on providing food security to the poor and providing money in their hands to fight COVID-19.
Sensex Gives up Early Gains to End 262 Points Lower; Financial Stocks Tank
Slumping over 810 points from the day's high, the 30-share BSE index settled 261.84 points or 0.83 per cent lower at 31,453.51.
LIC Gives 30-Day Extension for Premiums Due in March, April in View of Covid-19 Outbreak
For February premiums, where grace period was expiring after March 22, relaxation is allowed up to April 15, LIC said in a statement
Uday Kotak to Take Re 1 Notional Salary for FY20-21
The leadership team of private sector lender Kotak Mahindra Bank has also decided to opt for a 15 per cent cut in salary for the fiscal, an official statement from the bank said.
Sensex Snaps Three-day Rally, Ends 131 Points Lower on Recession Fears
After opening significantly higher, the 30-share BSE barometer gave up all the gains to end 131.18 points or 0.44 per cent lower at 29,815.59. It hit a high of 31,126.03 and a low of 29,346.99 in day trade.
SBI Gets Approval to Acquire 49% Stake in Crisis-Hit Yes Bank
The State Bank of India’s Executive Committee of Central Board accorded approval for the purchase of 725 crore shares in the troubled private sector bank, at Rs 10 per share subject to regulatory approvals.
