Monday, Mar 30, 2020 | Last Update : 07:24 AM IST

Economy

India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. (Photo: Representational)

Gold imports dip 9 per cent during Apr-Oct

Dip in gold imports has helped in narrowing the country's trade deficit to USD 94.72 billion during Apr-Oct 2019-20.

Tech Mahindra, PowerGrid, Tata Steel, NTPC, Kotak Bank and HCL Tech were among the top laggards, shedding up to 3 per cent. File photo

Sensex slumps over 200 pts ahead of Budget

According to analysts, investors are cautious ahead of the Union Budget

 Treasury Secretary Steven Mnuchin, left, accompanied by White House Legislative Affairs Director Eric Ueland and acting White House chief of staff Mark Meadows, speaks with reporters as he walks to the offices of Senate Majority Leader Mitch McConnell of Ky. on Capitol Hill in Washington. (Photo- AP)

US Senate, White House agree on $2 trillion coronavirus rescue plan

Top White House aide Eric Ueland announced the agreement in a Capitol hallway

Yes bank. (Image- ANI)

Yes Bank moratorium ends today, to resume banking services

On march 5, RBI imposed a moratorium on Yes bank, restricting withdrawals to Rs 50,000 per depositor till April 3

Representational image (PTI image)

Gold holds near seven-year peak over virus concerns

Beijing cut its benchmark lending rate to support an economy hit by the epidemic, keeping Chinese stocks supported

Market

 A man stands in the viewing stock gallery (Image- AP)

Coronavirus jolts global stock markets

Bankers, companies and individual investors are dashing to stock up on cash and other assets in a downturn to ride out the chaos

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.04 per cent to 98.64.

Rupee rises 8 paise to 71.32 against US dollar in early trade

Heavy selling in domestic equities weighed on the local unit and restricted the upmove.

 BSE tower. (Photo- PTI)

Sensex, Nifty 50 lose momentum; Sensex dips by 130 points, Nifty below 8700

Rising probability that large parts of the global economy will slip into recession due to the outbreak

FPI flows have been bullish since September 2019

FPI flows bullish on India despite coronavirus scare

This month so far, FPIs have poured in Rs 23k crore into debt and equity

Companies

 Aditya Birla Fashion and Retail Ltd. (Photo- twitter)

COVID-19: ABFRL to close retail stores till March 31, suspends factory operations

Aditya Birla Fashion and Retail Ltd stopped its factory operations in Karnataka, Tamil Nadu and Odisha till March 31

Due to the Coronavirus Lufthansa had to cancel half of its flights. (IMAGE- AP/PTI)

Airlines will soon go bankrupt over coronavirus: CAPA

Across the world,airlines announced drastic reduction in their operations in the wake of the coronavirus outbreak

Representative Image (AP)

Emirates Airlines suspends flights to dozens more cities

The latest suspensions by Emirates Airlines take the carrier's total closed routes to 111

Yes Bank promoter Rana Kapoor being produced in court in Mumbai on March 16, 2020. Rana Kapoor was arrested by the Enforcement Ddirectorate after charges of alleged financial irregularities and mismanagement in the operations of the private bank surfaced and the RBI and Union government initiated action to control its affairs. (PTI)

ED to soon begin attaching Rana Kapoor's properties

Of particular interest to the agency are three plush Delhi properties allegedly linked to his family

Amazon logo (PTI)

Amazon temporarily raises overtime pay for warehouse workers

Hourly workers at Amazon’s US warehouses will receive double pay after 40 hours for overtime

Autos

 Mahindra and Mahindra. (Photo- Twitter)

Mahindra suspends manufacturing operations amid coronavirus scare

We are carefully monitoring the rapidly evolving COVID-19 pandemic and will continue to take swift and appropriate action: Statement

(Picture credit: Nitesh Jeiya)

Duacti 1260 Enduro gets your blood racing

Ducatis are insanely beautiful and their styling is really impressive.

On Friday, Harley’s shares closed down 2.2 per cent at USD 30.47. (Photo: AP)

Harley-Davidson looks for new leadership to end its sales struggle

Harley’s 2019 US bike sales were the lowest in at least 16 years.

Passenger vehicle sales in Asia's third biggest car market resumed their declining trend in November after a blip in the preceding month, indicating automakers are yet to recover from the worst auto slowdown in India in more than a decade.

Vehicles back in slow gear; total sales down 12 per cent in November

Commercial vehicle sales, the barometer of economic activity in the country, fell 15 per cent over last year to 61,907 units.

In Other News

 Rajiv Gandhi International Airport. (Photo- PTI)

Moody's investor places Hyderabad airport's rating on review for possible downgrade

Rating action reflects worsening coronavirus outbreak and the increasingly stringent travel restrictions imposed both in India and globally

Representative Image (AP Photo)

Washington DC closes all non-essential businesses, orders people to stay home

DC Mayor Muriel also prohibited gathering of 10 or more people

 Representative Image (AFP)

IMF approves $1.3 bilion aid program for Jordan

The program to support unbudgeted spending covering emergency outlays and medical supplies and equipment

Senate Intelligence Committee Chairman Richard Burr, R-N.C. (Image- AP)

Senate Intelligence Chairman sold off stocks before market tumbled

Records show that Burr and his wife sold between $600,000 and $1.7 million in 30 separate transactions in late January- mid February

 (CII logo- Twitter)

Exempt E-comm, ITeS, and food processing services from shutdown: CII

The appeal gains significance as more and more states are imposing lockdowns with the spread of coronavirus