Finance Minister Rishi Sunak announced a costly extension of his emergency aid programmes to see Britain's economy through its current coronavirus lockdown, but announced a tax hike for many businesses as he began to focus on fixing the public finances

India Stock Market News Updates Today: Earlier today, Sensex rose above the psychological key level of 50,000 and Nifty neared 14,700

India Stock Market Highlights Today: Global equities were bearish today as coronavirus infections increased in parts of North Asia, such as Japan and South Korea, and weighed on investor sentiment. European countries have banned flights from the UK as the British government began emergency lockdown on Sunday, over fear of new virus strain.

The world's sixth-biggest economy is now set to shrink by 11.3% in 2020 - the most since \"The Great Frost\" of 1709 - before recovering by less than half of that in 2021, Sunak told parliament as he announced a one-year spending plan

India Stock Highlights Updates Today: Bajaj Finserv followed by Tata Steel, Titan, Bajaj Finance, HDFC twins and Kotak Bank were among the top gainers on Sensex pack. On the other hand, ICICI Bank, ONGC, Axis Bank, SBI and IndusInd Bank were among the laggards

However, the Mumbai-based IT major's robust cash position and prudent financial policies will continue to support its financial position

Tata Motors has a net automotive debt of Rs 48,000 crore; company is also planning to unlock investment in various non-core businesses, says Chairman N Chandrasekaran

The debt surge reflects a huge increase in government spending, ranging from its massive coronavirus job subsidy scheme and tax cuts to discounts for restaurant diners, as well the hit to tax revenues from a nationwide lockdown

Most of the steel producing regions are expected to witness a decline in crude steel output due to production cuts amidst ongoing lockdowns

Tata Steel said that it had to scale down its manufacturing and distribution operations for a considerable period during the June quarter due to coronavirus lockdown

Most governments across the world incentivise debts to drive business even when it leads to over-borrowing, economic instability, tax evasion and adversely impacts investment in public goods. In contrast, equity-driven business has none of these ill-effects, produces better economic outcomes too

Moody's cut its ratings on the UK-based engine-maker's bonds by two notches to Ba2 from Baa3, meaning its bonds are now regarded as non-investment grade, and also gave the company as a whole a Ba2 rating with a negative outlook

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

Srichand and Gopichand Hinduja, who run the Hinduja Group of companies, lost 6 billion pounds to slip from the top slot in last year's list

Kotak talked about handling the exit of the lockdown in a gradual and calibrated manner. \"It will have economic costs while the country deals with the virus.\"

India badly needs a stimulus. Here's how to find the money

Sensex, Nifty Live News Today: Kotak Bank, Axis Bank, Bajaj Finance, IndusInd Bank, HDFC, ICICI Bank and Reliance Industries were among the top gainer in the Sensex pack. Cipla, JSW Steel, IndusInd Bank, Reliance Industries, Maruti were trading as top performers on Nifty. Power Grid and NTPC were the only losers on both Sensex and Nifty today.

Stocks to watch today on April 27: Mindtree, JK Paper, ICICI Prudential, Future Lifestyle, Tata Steel, Bank of Baroda among others are the top stocks to watch out for in Monday's trading session. Adani Power, Sasken, HDFC Life, Ambuja Cement, IndusInd Bank are the companies that will be reporting their March quarterly results today.

The banks have already recovered in cash a sum of Rs 2,500 crores, which is 50 per cent of the principal amount, Mallya wrote in another tweet

According to the 14th Finance Commission, the fiscal deficit targets of the states will be anchored to an annual limit of 3 per cent of Gross State Domestic Product (GSDP)