Gold price hits fresh lifetime high of Rs 44,880 per 10 gram on safe-haven appeal

The world is staring at a coronavirus-induced economic deceleration which is expected to encourage the rotation of money from risk assets like stocks and bonds to defensive assets like gold.
Money Control, 16 min(s) ago
Also from: NDTV, Reuters and 3 other sources

AYUSH Minister Shripad Naik says India will soon cure COVID-19 patients with Ayurvedic treatment

Naik also reasserted his controversial claim that Prince Charles was cured of COVID-19 with Ayurvedic treatment and added that the heir to the British crown is denying it because Ayurveda is not accepted in the West. Naik had earlier said that a ...
Money Control, 16 min(s) ago
Also from: Times of India, Hindu Business Line and 2 other sources

Himachal Pradesh cabinet decides to slash 30% salaries of MLAs for one year

​​ In a meeting chaired by Chief Minister Jai Ram Thakur through video conferencing on Tuesday, the state cabinet decided to deduct 30 per cent salaries and honorarium of all Members of Legislative Assembly, including the chief minister, Vidhan Sabha ...
Economic Times, 26 min(s) ago
Also from: Economic Times, Hindu Business Line and 3 other sources

SBI cuts savings rate by 25 basis points

The country's largest lender, SBI on Tuesday said it has cut savings rate by 25 basis points, or 0.25 per cent, to 2.75 per cent on all deposits.  IMAGE: SBI chairman Rajnish Kumar. Photograph: Shailesh Andrade/Reuters The new rate will come into effect from April 15, 2020.  In view of adequate liquidity in the system, SBI realigned its interest rates on savings bank deposits with effect from April 15, 2020, SBI said in a statement.    The savings rate has been reduced to ...
Rediff.com, 57 min(s) ago
Also from: NDTV, Times of India

Insurance cos start offering exclusive COVID-19 policies, partnering with online payment firms

​​Bharti AXA General Insurance has tied up with Airtel Payments Bank to launch two health insurance plans-one offering a lump sum amount of Rs 25,000 and another with daily benefit starting Rs 500 per day-to provide protection from COVID-19, a company ...
Economic Times, 57 min(s) ago
Also from: Hindu Business Line, Rediff.com and 1 other source

ICRA downgrades outlook on Indiabulls Housing to negative

The Reserve Bank of India had imposed a moratorium on the private sector lender last month and announced a scheme of reconstruction for the bank. Under the scheme, the RBI said the additional tier 1 bonds would have to be written down permanently. The ...
Money Control, 1 hour(s) ago
Also from: Times of India, Money Control and 1 other source

Exclusive: South Africa weighs 'funding for lending' type scheme for banks amid virus

South Africa's National Treasury is considering the creation of a scheme to encourage bank lending to small businesses and consumers as one response to the coronavirus outbreak, central bank deputy governor Kuben Naidoo told Reuters on Tuesday.
Reuters, 1 hour(s) ago
Also from: Reuters, Rediff.com and 2 other sources

India biggest producer of 'game-changer' drug

Indian pharma industry on Tuesday said there is enough stock of hydroxychloroquine in the country, and drug firms are ready to ramp up the production to meet domestic as well as export requirements. India has decided to partially lift the ban on the export of ...
Times of India, 1 hour(s) ago
Also from: Hindu Business Line, Reuters and 3 other sources

How the Coronavirus Lockdown Has Facilitated More Time for Your Tax Planning

Posted by Equitymaster During the nationwide lockdown, while sitting at home and working, I was reading through the press release in which the finance ministry announced through video conferencing the several important relief measures taken by the Government ...
Equitymaster.com, 2 hour(s) ago
Also from: Hindu Business Line, Money Control

Best Single-Day Gain For Sensex, Nifty Since 2009: 10 Things To Know

Domestic equities rebounded 9 per cent on the first day of the three-day trading week tracking a rally in global peers, as India entered the fourteenth day of a 21-day nationwide lockdown to curb the spread of the coronavirus pandemic. The S BSE Sensex index ...
NDTV, 3 hour(s) ago
Also from: Hindu Business Line, Money Control and 1 other source