Business

The merger, effective from Wednesday, will harness rich individual legacies and forge a dynamic shared future, it said in a release.

In Delhi, where the price for a 14.2 kg cylinder would cost Rs 805.5, the prices have been slashed by Rs 61.5 to Rs 744 starting Wenesday.

The CBDT said that cases where the application is pending and where such certificates were issued for fiscal 2019-20, the validity of the certificates would get extended to June 30, 2020.

According to traders, domestic investors turned positive amid rebound in global peers as most Asian benchmarks ended higher on recovery in China's manufacturing during March as authorities relaxed anti-disease controls and allowed factories to reopen.

In an interview with PTI, Sen further said that due to the ongoing 21-day shutdown, there may be a reduction of about Rs 5 lakh crore in gross domestic product (GDP).

Paring early gains, the 30-share BSE barometer was up 1,055.11 points or 3.70 per cent at 29,590.89. It rallied over 1,500 points in morning session.

IMF chief Kristalina Georgieva called on advanced economies to provide more support to low-income countries, which face a massive outflow of capital, and said the IMF stands "ready to deploy all our $1 trillion lending capacity."

India has already been facing growth deceleration, with GDP growth falling to 4.7 per cent in the third quarter of FY2020. The impact of COVID-19 is likely to drag it down further in the fourth quarter.

The industry body said that as precautions are being taken amid outbreak of coronavirus, it would be prudent to put in place a strategy which will enable the economy to bounce back once things start returning to normalcy.

Brazil had only recorded 34 coronavirus cases at that time and no deaths.

Since the government has imposed shutdowns in malls and crowded places, retailers say business has come to a standstill despite the ongoing wedding season.

The ED has asked Subhash Chandra to appear before it on March 18 as it investigates money laundering charges against Yes Bank co-founder Rana Kapoor.

Brent crude was up by 34 cents, or 1.2%, at $29.07 a barrel by 0238 GMT, after falling earlier to $28.40, the lowest since early 2016. The international benchmark fell 4.3% on Tuesday.

HDFC Bank Ltd shares were down as much as 4.5% after the lender executed agreement for selling 19,650 equity shares in Softcell Technologies at Rs 43.55 per equity share.

The minister was replying to a question whether the government has stopped printing of new Rs 2,000 currency notes and if the public sector banks have issued any circular to stop circulation of Rs 2,000 notes through ATMs.

At 10:09 am, Yes Bank shares were trading at Rs 39.05 on BSE, up 52.8%, after hitting the day’s high of Rs 40.40. Notably, the stock has recovered over 122% in the last five trading sessions.