Business

The spike in reported non-perfoming assets (NPAs) would be reflected over the next few quarters, rating agency Icra said.

The headline seasonally adjusted IHS Markit India Manufacturing PMI fell to 51.8 in March, from 54.5 in February, signalling the slowest improvement in business conditions since November 2019.

On the first day of the new financial year, the Sensex closed at 28,265.31, witnessing a fall of 1,203.18 points. On the other hand, Nifty ended 343.95 points lower at 8,253.80.

With the reduction, term deposits of 1-3 years will now fetch an interest rate of 5.5 per cent from the existing 6.9 per cent, down 1.4 per cent, according to a notification by the finance ministry.

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Goyal said that trade facilitative responses need to be in place, and wherever necessary, requirements by authorities like customs, banks of producing original documents by importers for various clearances can be removed temporarily.

Telecom Regulatory Authority of India (TRAI) has also sought details of the steps being taken to ensure availability of uninterrupted telecom services to such customers on a "priority basis".

The corporate affairs ministry has said contributions to the PM-CARES Fund would qualify as Corporate Social Responsibility spending under the companies law.

DLF will give salaries to all workers and daily-wagers working directly with DLF, or indirectly through its active contractors, the company said in a statement.

The government has sold 74.49 per cent stake in THDC for Rs 7,500 crore and 100 per cent in NEEPCO for Rs 4,000 crore.

Prime Minister Narendra Modi: Today RBI has taken giant steps to safeguard our economy from the impact of the Coronavirus.

The Sidbi Assistance to Facilitate Emergency (SAFE) response against coronavirus scheme will offer loans to MSEs at a fixed interest rate of 5 per cent and with a maximum loan repayment tenure of five years.

The rupee which opened on a weak note at 75.90 at the interbank forex market, finally settled at 76.22 against the US dollar, registering a decline of over 102 paise over its last close.

Apart from the relaxation on filing corporate governance reports, an extra three weeks each time was given for shareholding pattern and statement of investor complaint reports

This is the fourth consecutive session of fall for RIL shares which have dropped 19.5 per cent till Thursday.

Bucking panic selling in other financial markets due to the virus outbreak, Brent crude was up by 1.1% at $25.25 a barrel on Thursday, having earlier risen to $27.19.