Business

Forex traders said risk appetite has waned amid fresh cases of COVID-19 globally. The rupee opened weak at 75.93 at the interbank forex market. It fell further to 75.97 against the US dollar, down 13 paise over its last close.

This amount shall be distributed to investors in proportion to their holdings in the plans of the segregated portfolio.

The scheme is the biggest fiscal component of the Rs 20-lakh crore Atmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.

In view of the lockdown to curb spread of coronavirus, the Medical Council of India (MCI) has issued 'Telemedicine practice guidelines' on March 25, enabling registered medical practitioners to provide healthcare using telemedicine.

Union minister Nitin Gadkari said that the MSP being higher than market price and international price will create a 'big economic crisis for the country.'

Shaktikanta Das sought credit rating agencies' assessment of the macroeconomic situation and their outlook on various industries, including the financial sector, the central bank said in a statement.

The Wall Street bank sees downside risks in agricultural and energy markets, citing the recent strength as surprising given the massive inventory overhangs and depressed demand.

One measure of how easily a company can pay interest on outstanding debt - operating profit to interest ratio - fell to the lowest in 11 years at the end of March.

He said the Coal India Ltd (CIL) has been given the specific target of one billion tonnes of production by 2023-24 and for that 60 new coal blocks have been allotted to it.

For the full 2019-20 fiscal year, the company reported an increase in its consolidated net profit to Rs 456.6 crore from Rs 410.2 crore in the previous year.

India's 10-week lockdown has also led to a surge in demand for data, boosting Jio's phone and broadband offerings.

The researchers assessed potential global supply chain effects of COVID-19 lockdowns, modelling the impact of interventions on 140 countries, including countries not directly affected by the disease.

Forex traders said heavy buying in domestic equity market, sustained foreign fund inflows and upbeat risk appetite supported the rupee.

Traders said Prime Minister Narendra Modi's pledge to undertake more structural reforms to change the course of the country enthused market participants.

Wipro said in January Neemuchwala had decided to step down due to family commitments.

The pay-outs to investors can be finalised and implemented only after the successful completion of the voting process.