Business

The account is created using a "limited know your customer" requirement provision, and the customer has a year's time after the instant account opening to update full details, sources said.

Though the coronavirus and containment efforts have resulted in supply and demand disruptions, leading to a sharper growth deceleration, Hindustan Unilever Ltd (HUL) is confident about medium to long-term growth prospects of the sector.

Tata Power MD and CEO Praveer Sinha recently said the company would try to reduce its debt to the levels of Rs 25,000 crore from Rs 44,000 crore by the end of this fiscal year.

The Rights Issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign. The public portion of the Rights issue was subscribed 1.22 times.

The company's shares advanced 19.85 per cent to its highest trading permissible limit for day of Rs 24.45 at the National Stock Exchange (NSE).

The minister also advised the firms to bring to his notice if the companies face any roadblock or unfair competition in a country, with which India has a free trade agreement (FTA).

In its May 20 circular on this issue, Sebi had said many listed entities have made COVID-19 related disclosures under existing regulations, primarily intimating shutdown of operations owing to the pandemic and resultant lockdowns.

The median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter.

Nearly 82 per cent of the CEOs surveyed in a snap poll by CNBC-TV18 and Confederation of Indian Industries believed that a lighter travel schedule will become the norm going forward.

The 'beta version' for instant allotment of PAN on trial basis was started on February 12, 2020, on the e-filing website of the Income Tax Department.

This is the first ever bond issue by Patanjali Ayurveda, which has become one of the leading companies in the FMCG segment in recent years.

The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.

Crisil said the recession in the current fiscal (April 2020 to March 2021) is different as agriculture could soften the blow this time by growing near its trend rate, assuming a normal monsoon.

As the nine-week long national lockdown to contain the spread of the coronavirus pandemic crippled the economy, the Centre has allowed the states to borrow 200 bps.

Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the local unit.

Opposition BJP has demanded that the Shiv Sena-NCP-Congress government offer a package on the lines of the Centre to help those hit by the lockdown to contain coronavirus.