Other Indian businessmen who have seen a major drop in their wealth include Gautam Adani whose net worth eroded by $6 billion or 37%, HCL Technologies' Shiv Nadar ($5 billion or 26%) and banker Uday Kotak ($4 billion or 28%)

International Finance Corporation (IFC), part of the World Bank Group, is likely to allocate an equivalent amount or slightly more to directly support the Indian companies

Coronavirus update: Finance Ministry had earlier extended the deadline for bids submission for Air India to April 30 from March 17. The government wants to offload 100 per cent of its stake in the beleaguered airline

The IMF's managing director, Kristalina Georgieva, speaking at a rare joint news conference with the leader of the World Health Organization (WHO), called on advanced economies to step up their efforts to help emerging markets and developing countries survive the economic and health impact of the pandemic

Coronavirus cases in India: The number of confirmed cases is at 3,577, out of which 3,219 are still active, whereas 274 have been cured and discharged, and 1 has migrated

As per the letter, employees who are currently on special leave, have overdue loans, or those who come under suspension category will not be able to avail such benefits.

While announcing the TLTRO, the monetary authority had said banks would have deploy at least 50 per cent of the proceeds in corporate bonds, commercial papers and debentures, so that the secondary market for debt remains fully liquid.

However, timing for stock market remains unchanged. Currently, Indian equity market trades from 9:15 am to 3:30 pm on weekdays.

PM-CARES Fund was launched by Prime Minister Narendra Modi to combat health contingencies like the coronavirus

Decades of low public investment has denied a large population access to quality healthcare. High out-of-pocket costs are driving millions into debt and poverty every year. Here is a chance to redesign the system keeping both affordability and quality in mind

Coronavirus in Mumbai: The doctor called and informed the Brihanmumbai Municipal Corporation (BMC) about his COVID-19 report. The BMC has sealed the building where he resides

Coronaviris News Updates: Director of Bhopal Health Department, J Vijay Kumar, tests positive for coronavirus; his second test sample also found positive

A 21-day nationwide lockdown, which started on March 25 in the world's second most populous country, is expected to deliver a heavy shock to the economy despite massive fiscal and monetary support packages by the government and the Reserve Bank of India last week.

Markets in Hong Kong, Sydney, Shanghai and Seoul fell, though futures for the S&P 500 bounced following Wall Street's 4% plunge overnight.

Underpinning the revised forecast are weaker revenue collection as a result of a downturn in economic activity and higher expenditures

Central bank has decided to extend realisation period of export proceeds, limits of way and means advances of states/UTs and mechanism for counter-cyclical capital buffer

The problems with the Fasal Bima Yojana and how the scheme can be fixed

A large number of MSMEs expect to resize operations in the coming months

Diversify and park money in select large caps available at throwaway prices

what the centres package to combat corona crisis will do to indias already struggling economy