Thursday, March 26, 2020

FINANCIAL NEWS

Financial News
26 March, 2020

Economic Times

Ø  Sebi asks states to exempt capital mkt entities
Ø  White House, Congress agree on $2tn virus rescue bill
Ø  Financial services dept for unhindered banking services
Ø  Eco census survey will take longer post lockdown
Ø  Indian airlines may incur $ 3.6 bn loss in June qtr
Ø  ONGC gas output drops as shut factories refuse supplies

Business Standard

Ø  World Bank, IMF urge debt relief for poor nations
Ø  Govt likely to unveil Rs 1.5 trn stimulus for coronavirus downturn: Report
Ø  Flipkart to resume sales of products after assurance on staff's safety
Ø  ONGC, Oil India stare at steep earnings cut as crude price crashes
Ø  YES Banks needs up to Rs 13,000 crore in equity in 1-2 years: ICRA
Ø  Rural sector stressed as Covid-19 disrupts supplies, spikes unemployment

Business Line

Ø  SEBI to limit commodity futures trading till 5pm: Sources
Ø  Chinese firms resume export of pharma inputs to India
Ø  NTPC’s installed capacity touches 58,816 MW
Ø  Suzlon postpones EGM to April 7
Ø  Centre extends permission to Tata Power to operationalise Bengaluru defence SEZ unit

Mint

Ø  Coronavirus: Lockdown forces 1.7 lakh Infosys techies to work from home
Ø  COVID-19: South Korean firm's testing kit gets NIV’s validation for use in India
Ø  IndianOil cuts refining capacity by around a third, cooking gas demand up
Ø  Fiscal stimulus is new unknown for India’s jittery bond traders

Financial Express

Ø  India’s crude steel output grows 1.5% to 9.56 million tonnes in February: worldsteel
Ø  Nationwide lockdown to impact housing sales, say realtors
Ø  Moody’s downgrades DIAL rating by one notch to Ba2
Ø  Lenders worried: Loan repayments start drying up

Deccan Chronicle

Ø  Sensex gains 1,862 pts; Nifty reclaims 8,300 level
Ø  CBI grills three in DHFL scam
Ø  Indian Bank announces additional funding facility
Ø  Mylab’s gets nod for first Made-in-India Covid-19 test kit

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