Business

A University of Chicago hospital participating in a study of the antiviral medication said it is seeing rapid recoveries in fever and respiratory symptoms, with nearly all patients discharged in less than a week.

The scrip gained 4.17 per cent to Rs 441.80 on the BSE.

The NSE Nifty 50 index fell 0.93% to 8,839.45 by 0351 GMT, while the benchmark S&P BSE Sensex was down 1.07% at 30,045.32.

The new income tax regime, announced in the Budget, provides an option to individuals to be taxed at lower rates if they do not avail specified exemptions and deductions like house rent allowance, interest on home loan, investments made under Section 80C,...

Oil Minister Dharmendra Pradhan had in the last few days held talks with his counterparts in Saudi Arabia and the UAE with a view to shoring up supplies.

The minister will take stock of the situation and the issues which exporters are facing due to lockdown on account of coronavirus outbreak, an official said.

The global ratings agency also affirmed the deposit ratings of ICICI Bank, Axis Bank and IDBI Bank.

The number of transactions was, however, 6% lower when compared with the previous month. In February 2020, UPI had seen 1.33 billion transactions worth Rs 2.22 trillion.

Experts have already made it clear that this is not an interest waiver, but a deferment of payments, meaning the additional interest costs will have to borne by the customers.

E-commerce sector in India, which is dominated by mobile phones, electronics and fashion, are already estimated to have lost $400 million worth of sales during the last week starting with the ‘junta curfew’ on 22 March.

The growth estimate for 2020-21 fiscal (April 2020 to March 2021) compares with a 4.9 per cent forecast in the current 2019-20 that ends on Tuesday.

The falls came after the death toll from the pandemic surged past 34,000 as cases in hard-hit Europe and the United States showed no sign of letting up.

The depositories data showed that a net amount of Rs 59,377 crore was pulled out from equities and Rs 52,811 crore was withdrawn from the debt segment by foreign portfolio investors (FPIs) between March 2-27.

The coronavirus has sickened nearly 400,000 people worldwide, destroyed gasoline demand as people stay home, and has brought air travel to a virtual halt globally.

The market capitalisation of BSE-listed firms dropped by Rs 10,29,847.17 crore to Rs 1,05,79,296.12 crore just before the trading was halted for 45 minutes on Monday.

While the members of Best Price cash-and-carry stores will not be able to physically visit stores on Sunday, Walmart India has put in place a series of measures to ensure supply of essentials to consumers in the wake of COVID-19.