Though the government's SAUBHAGYA scheme claims to have provided connections to 100 per cent households, that is not sufficient. Under this scheme, the beneficiary households were provided only one LED light and one power plug, says Shailendra Roy

From Honor's portfolio, the 9X Pro will be the first smartphone to come pre-installed with the AppGallery

Oil prices had gained recently as European and Asian countries ended lockdowns aimed at halting the coronavirus spread and as producers axed supply after the demand crunch. But analysts cautioned the rebalancing of the market would be choppy

The global oil benchmark, Brent crude, has collapsed 60 per cent in 2020 and reached a 21-year low last month as the coronavirus pandemic squeezed demand and OPEC and other producers pumped at will before reaching a new supply cut deal

Coronavirus update: The slump would lead to a drop in carbon dioxide emissions of 8%, six times larger than the biggest fall of 400 million tonnes recorded in 2009 following the global financial crisis, according to the IEA, which described its estimate as conservative

While storage is rapidly filling up, production cuts by U.S. shale producers, estimated by consultants Rystad Energy at 300,000 barrels per day (bpd) for May and June, should help slow flows into tanks. The United States is now the world's biggest oil producer.

Regulators in the U.S. state of Texas, the country's biggest oil producer, will hold a vote on May 5 on whether to enact output curtailments

Financial stocks continued upward momentum for the second session today, with IndusInd Bank, Axis Bank, HDFC, Bajaj Finance, Bajaj Finserv, ICICI Bank, Kotak Bank, Cholamandalam Investment and Finance and SBI being top gainers on Sensex.

The BSE said the features shall be enabled in the simulation environment and made available to members and vendors to test from May 4, 2020, onwards

The economies of all the Arab Gulf oil exporters are expected to contract this year, as much as 5% in Iraq, according to the International Monetary Fund

Sensex, Nifty Live News Today: In terms of sectors, media stocks were rising the most, with Nifty media climbing 4.55% higher, followed by 2.7% rise in energy and 2% gain in auto scrips. In the meanwhile, PSU Bank and realty sectors declining over 1% each, followed by marginal decline in banking and financial indices.

Coronavirus impact: Even as May futures steeply fell, the June futures continued to trade above $20 per barrel on Monday.

For cash-strapped airlines, the decline in crude prices will make it cheaper to operate flights that are already nearly empty as people remain homebound due to the coronavirus

Sensex, Nifty Live News Today: The top laggards in the Sensex pack included Maruti Suzuki, Tata Steel, IndusInd Bank, Bajaj Finance, Axis Bank, ICICI Bank and ONGC. On the other hand, Sun Pharma, Nestle India, HUL, Asian Paints and ITC were among the top gainers today.

Demand for oil has collapsed so much due to the coronavirus pandemic that facilities for storing crude are nearly full

Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 1.2%, but the market's most dramatic action by far was in oil, where benchmark U.S. crude for May delivery plummeted to negative $35.20, as of 2:30 pm Eastern time

Forecasts from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency on the outlook for oil consumption have reinforced the bearishness

Sensex, Nifty Live News Today: As per market experts, stock-specific action in index heavyweights HDFC twins, Infosys, Kotak Bank, Tech Mahindra, HCL Tech and TCS kept Sensex and Nifty positive today.

The Saudi energy minister downplayed the move in oil prices on Monday, saying anticipation of the cuts was the reason for a rally in oil prices before the meeting. Since dipping below $22 a barrel two weeks ago, Brent has rebounded by roughly 48%.

Global fuel demand has plunged by around 30 million bpd, or 30% of global supplies, as steps to fight the virus have grounded planes, cut vehicle usage and curbed economic activity