March 31, 2020 1:23 PM

COVID19: Oil prices rebound strongly from 18-year lows

A day after falling to an 18-year low, oil prices rebounded strongly in Asian trade today. The growth was attributed to the investors' confidence returning following moves by policymakers to support the coronavirus-hit global economy.   The investors focused on stimulus measures rolled out by governments worldwide to support the virus-ravaged global economy, including a 2 trillion Dollars package in the US.   US benchmark West Texas Intermediate (WTI) jumped 7.3 percent to 21.5 US Dolla...

March 23, 2020 2:20 PM

Canada pulls out of Tokyo Olympics over Coronavirus fears

Canada pulled out of the Tokyo Olympics over Coronavirus fears as Japan's prime Minister today admitted a delay may be inevitable and the International Olympic Committee said a decision should come within weeks. Australia also told its athletes to prepare for a Tokyo Olympics in 2021 as expectations grew that the Games scheduled to start on July 24, would be postponed as the virus crisis convulses the globe. Japan Prime Minister Shinzo Abe told parliament that Japan was still committed ...

March 23, 2020 12:48 PM

Sensex sinks nearly 3,000 points to hit its lower circuit limit in morning session

Equity benchmark Sensex sank nearly 3,000 points to hit its lower circuit limit in morning session today, triggering a 45-minute trading freeze as coronavirus-led lockdowns across the world stoked fears of a massive global recession. After opening 2,718 points lower, the BSE barometer plunged 2,991.85 points or 10 per cent to 26,924.11. Similarly, the NSE Nifty fell 842.45 points, or 9.63 per cent, to 7,903. As an automatic mechanism to freefall in the market, when an exchange plunges 10 per cen...

March 23, 2020 9:37 AM

Brazil's football clubs hand over their stadiums to turn them into field hospitals

Brazil's top football clubs are handing over their stadiums to allow health authorities to turn them into field hospitals and clinics to fight the coronavirus pandemic. Football in Brazil has been suspended until further notice and more than half the clubs in Brazil's "Serie A" have given up their stadiums to expand hospital capacity to deal with the coronavirus. Authorities in Sao Paulo said, they would install 200 beds in a field hospital at the Pacaembu mun...

March 23, 2020 8:11 AM

Madhya Pradesh: Indore deploy drones to sanitize city areas against coronavirus outbreak

<span style="color: #222222;">In Madhya Pradesh, India's cleanest city- Indore has deploy drones to sanitize city areas against the coronavirus outbreak by sprinkle chemicals. Indore could be the first city in India to attempt to fight off the virus scare this way.<br />''<br />''The Indore Municipal Corporation has hired two drones for that purpose.The state has reported six cases till now, five in Jabalpur and one in Bhopal. Test report of 12 patients is awaite...

March 23, 2020 8:11 AM

Madhya Pradesh: Indore deploy drones to sanitize city areas against coronavirus outbreak

<span style="color: #222222;">In Madhya Pradesh, India's cleanest city- Indore has deploy drones to sanitize city areas against the coronavirus outbreak by sprinkle chemicals. Indore could be the first city in India to attempt to fight off the virus scare this way.<br />''<br />''The Indore Municipal Corporation has hired two drones for that purpose.The state has reported six cases till now, five in Jabalpur and one in Bhopal. Test report of 12 patients is awaite...

March 23, 2020 7:53 AM

Indian Banks' Association appeals people to wash hands after touching currency

In the wake of the coronavirus outbreak, Indian Banks&apos; Association (IBA) has made an appeal to people to wash their hands after touching or counting currency. The IBA has also asked customers to use online and mobile banking channels for making their transactions and avoid visiting bank branches as it could pose a risk to banks&apos; front desk staff. It also appealed to customers to visit branch premises only in the case of absolute necessity. IBA has also advised banks to use digi...

March 23, 2020 7:02 AM

SBI opens emergency credit line to meet any liquidity mismatch for its borrowers

Amid businesses getting affected due to the novel coronavirus pandemic, the country&apos;s largest lender State Bank of India has opened an emergency credit line to meet any liquidity mismatch for its borrowers. The additional liquidity facility Covid-19 Emergency Credit Line (CECL), will provide funds up to 200 crore rupees and will be available till June 30, SBI said in a circular. The loan will be offered at an interest rate of 7.25 per cent with a tenure of 12 months. Borrowers can avail...

March 20, 2020 1:12 PM

New Zealand cricketers, staff members gone into 14-day self-isolation after Australia tour

New Zealand cricketers and support staff members have gone into a 14-day self-isolation period after returning from their aborted Australia tour due to COVID 19. New Zealand Cricket confirmed that all 15 players and support staff members who returned from Sydney last weekend have gone into self-isolation as per the government&apos;s directive. New Zealand were scheduled to play three ODIs and as many T20s but the Chappell-Hadlee series was called off after just one ODI, which was held withou...

March 20, 2020 8:41 AM

Coronavirus: Cannes film festival not to take place as planned in May

<span style="color: #222222;">The Cannes film festival will not take place as planned in May because of the coronavirus. The world's biggest film festival was due to take place between May 12 and 23.<br />''<br />''But its board said in light of the pandemic they are now looking at rescheduling it to the end of June-beginning of July. Several other film festivals, including Tribeca, SXSW and Edinburgh have already been cancelled or rescheduled.&nbsp; &nbs...