Business

The central bank extended the moratorium period for the repayment of loans by another three months till August 31, 2020.

With the latest deal, Jio Platforms will get a combined Rs 78,562 crore from the five investments.

The move comes after Franklin Templeton MF last month closed six of its debt funds, citing redemption pressures and lack of liquidity in the bond markets.

The BoE increased its bond-buying programme by a record 200 billion pounds in March as the COVID-19 crisis escalated, and many economists expect another increase on June 18.

Customers will need to share Aadhaar and PAN numbers as part of the account opening process under the video KYC system to open the 'Kotak 811 savings account', an official statement said.

Indicating some return to normalcy, epicentres of the pandemic, including New York, Italy and Spain, are gradually lifting restrictions that have kept millions inside.

Vedanta had bought 58.8 per cent stake in Cairn India from British explorer Cairn Energy for $8.67 billion in August 2010 and the acquisition was completed in December 2011.

NBFCs appropriate pro Statutory and Other Reserves, and utilization of these reserves is governed by the statute requiring its creation.

During the pandemic, several companies have forayed into the hand sanitiser segment, which was hitherto considered to a niche product.

The loan was approved on April 30, and it is aimed at supporting the Indian government to contain the spread of COVID-19 and reduce human, social and economic losses caused by the coronavirus outbreak.

As per the approved clinical trial protocol, 150 subjects with mild to moderate Covid-19 will be randomised in the study in a 1:1 ratio to Favipiravir with standard supportive care or standalone standard supportive care.

The United Arab Emirates and Kuwait also committed to cut production further, promising to cut another 180,000 bpd altogether.

The ministry said that after consulting the proposal with Department of Expenditure, these relief measures were decided for SEZ units on account of COVID-19 outbreak.

The move from Kotak Mahindra comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21.

Analysts agree that Covid-19 pandemic will lead to an increase in bank's gross non-performing assets with some reports pegging the stock to double as well.

PM Narendra Modi, who held discussions with Amit Shah and Nirmala Sitharaman, on Friday held meetings with different ministries including civil aviation, labour and power.