Business

The interaction is part of the efforts of the Yogi Adityanath government to bring maximum investment in the state and to provide employment opportunities to migrant workers.

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Equity benchmark Sensex rallied over 600 points in opening session on Friday as strong gains in index-heavyweight Reliance Industries, massive foreign fund inflow and positive global cues boosted market sentiment.

The world's largest steelmaker had posted a net income of USD 0.4 billion in the year-ago quarter.

Gold prices ended higher in the previous three sessions, and have risen about 17% since mid-March, as uncertainty remained with the virus spreading and as U.S.-China trade tensions re-emerged.

Imports also fell, but only by 6.2 percent, as transportation and shipping began to close down worldwide.

Benchmarks fell in most countries except for Australia, which was lifted by signs its own virus outbreak is being brought under control.

ICICI Bank was the top laggard in the Sensex pack, tumbling nearly 9 per cent, followed by IndusInd Bank, Bajaj Finance, Tata Steel and HDFC.

A finance ministry task force acknowledged stress in the telecom sector and said the SC judgement mandating companies to pay around Rs 1.35 lakh crore.

The greenback weakening overseas and optimism over a COVID-19 drug trial in the US further supported the local unit, forex traders said.

The 'MSME Bank of Ideas, Innovation and Research' portal was launched via video-conference. Registered users on the portal can share ideas, innovation and research, which will be reviewed by the officer concerned.

MFIs have been hit hard by the COVID-19 pandemic, with many finding it difficult to meet the operating costs and pay salaries during the ongoing lockdown.

To ensure foreign companies don't take advantage of the economic slowdown resulting from the Covid-19 pandemic, the Centre on April 18 revised its FDI policy.

Indian companies pursuing remote working policies need to deploy robust preventive measures to deal with spike in incidence of cyber attacks following COVID-19 outbreak, said a PwC report.

Other companies that are on the list includes GMR Hospitality and Retail Ltd, GMR Hyderabad Aviation SEZ Limited, Hindustan Copper Limited and Kalyan Jewellers India Limited.

'The reduction in the peak demand is basically due to reduction in industrial and commercial activities during the lockdown,' a spokesperson of Tata Power Delhi Distribution Limited (TPDDL) said.