How the pandemic wiped out oil demand around the world

• Demand for crude could fall by 27 million barrels a day this month
• The ramifications for the oil market are huge, with refiners, producers and even petrostates all facing uncertain futures

Taking cues from Odisha, Punjab extends lockdown till 1 May

• Punjab has seen a spike in covid-19 cases in the past few days, pushing the total in the state to 132 so far, with 11 deaths
• A task force is being set up for quick upgradation of hospital infrastructure in the state

TCS to announce Q4 results on 16 April

The company's board will also recommend a final dividend, if any, for FY20 for the approval of the shareholders at the ensuing 25th AGM

Nearly 50% of stores closed due to covid-19 restrictions: DMart

• The company is currently only selling essential items such as grocery and FMCG products in its operational stores
• DMart has activated other sales channels such as e-commerce home delivery and bulk deliveries to housing complexes

Coronavirus: Mumbai reports 218 COVID-19 positive cases, 10 deaths today

• The total number of positive cases in Maharashtra has climbed to 993 while the total number of deaths has reached 64 in Mumbai, the BMC said
• India's total number of COVID-19 positive cases stands at 6,761, MoHFW said

IndiGo to gradually ramp up ops once lockdown is over, says CEO

The airline is looking to change many operating procedures, such as not serving meals on board, to minimize costs

Bengaluru on edge over likely lockdown extension

• Bengaluru is among the hotspots in Karnataka, where covid-19 cases number 207
• Punjab and Odisha have already extended the lockdown period

Covid-19: IPS officer who helped DHFL's Wadhawans escape sent on leave

• The story unfolded on 9 April when the group of 23 was apprehended by the police on their way to Mahabaleshwar
• Wadhawans are under probe by CBI and ED for colluding with Yes Bank founder Rana Kapoor to siphon off money

FMCG index outperforms Sensex as consumers stock up food, other essentials

• FMCG stocks are preferred by investors particularly in a bear market as essential items do not suffer a considerable demand setback
• Analysts see supply chain, distribution and logistics as the prospective challenges that may negatively impact the sector

India COVID-19 death rate lower than many developed nations, say experts

• India's COVID-19 death rate of about 3.1% is much lower than 12.72% of Italy, 12% of UK, 9.73% of Spain, 3.4% of the US and 5.98% global death rate
• Medical experts belief that relatively young population, an early and strict lockdown may be the reasons for the low mortality rate in India

India registers 896 fresh coronavirus cases today, highest one-day jump

• Total number of Covid-19 cases climbed to 6,761 on Friday evening, as against 5,865 on Thursday evening
• Health Ministry on Friday said the infection rate from coronavirus is not huge according to the samples collected

Motilal Oswal S&P 500 Index Fund - Should you subscribe?

• The New Fund Offer (NFO) for the Motilal Oswal S&P 500 Index Fund will run from 15 to 23 April
• The S&P 500 has given returns of 12.7% and 17.8% CAGR in rupee terms over the past five and 10 years respectively

How Germany precisely traced coronavirus transmission from human to human

• That hunt has helped Germany win crucial time to build its COVID-19 defences
• Germany has carried out more than 1.3 million tests, according to the Robert Koch Institute

Covid-19 deaths in India cross 200-mark, confirmed cases climb to 6,761

• 515 people have been cured and discharged while number of active cases cross 6,000-mark
• Maharashtra is the most affected state with 1,364 positive cases and 97 fatalities so far

EPFO says coronavirus EPF withdrawal open for those who applied for other claims

• Online claims under Covid-19 are being processed under auto mode within 72 hours, says EPFO
• EPFO has processed about 1.37 lakh coronavirus withdrawal claims so far

NPS subscribers allowed partial withdrawal for COVID-19 treatment

• NPS subscribers can now make partial withdrawals towards treatment of Covid-19
• You will need to produce a medical certificate for the partial withdrawal

Spain's coronavirus death toll curve flattening at last

• The number of daily deaths fell again on Friday to 605, the lowest figure since March 24, the health ministry said
• The rate of increase has dropped to 4% down from 20% two weeks ago

Covid Tracker: Maharashtra, Tamil Nadu, Rajasthan see the highest spike in cases

• India’s coronavirus trajectory has tapered to some extent but it still remains steeper than Asian peers, with cases doubling in five days

Chorus grows for ₹10 trillion stimulus as lockdown ravages economy

• Former CEA Arvind Subramanian said the govt will have to spend ₹10 trillion, an amount equivalent to 5% of India’s GDP, to deal with the disruption caused by the pandemic
• Ficci said that there is an immediate need for a stimulus of as much as ₹ 9-10 trillion

Working from home? Five common PC issues and how to deal with them

• Deleting temp files, cookies and history in web browser can also boost a PC's performance
• If a file, photo or document is accidentally deleted and is not in the Recycle Bin, it can be restored from the backup, if enabled

India is pinning hopes on apps in virus fight

• As covid-19 cases rise, states are scrambling to make public health apps. What about privacy?
• The adoption of tech tools will only grow as the virus spreads. It is important to know what the apps can do, what they can’t, and where we are headed when it comes to individual privacy

Railways clarifies on reports of resumption of train services

• According to a Health Ministry update this morning, the death toll due to COVID-19 has risen to 199 in India
• For post lockdown train travel, Railways said it would take best feasible decisions in the interest of all stakeholders

Microsoft giving 3-months paid parental leave to help kids study at home

• Microsoft has called this initiative 12-Week Paid Pandemic School and Childcare Closure Leave
• Facebook last month said it would give $1,000 to each of its 45,000 employees

OnePlus reveals design of new flagship series

• Founder and CEO, Pet Lau posted a lot of information about the new phone
• The phone will have the same frost finish on the upcoming flagship but with better ergonomics

Stimulus is a solution, but be wary of fiscal deficit, says IMF’s Gita Gopinath

• The IMF chief economist terms the current economic stasis as 'The Great Lockdown' and that it is fundamentally different from The Great Depression and 2008 financial crisis
• 'Unlike previous instances, this time around, we actually don’t want people to go out and spend,' she said at an American talk show

Coronavirus in Maharashtra: Over 850 cases from Mumbai, death toll reaches 97

• India's financial capital recorded over 850 coronavirus cases
• A total of 97 people died due COVID-19 infection in the state, highest in any state in India

Lockdown extension: PM Modi to discuss corona issue with CMs tomorrow

• Odisha has taken a lead and has extended the lockdown till April 30
• Prime Minister Modi had made it clear that the lockdown cannot be lifted in one go on April 14

RBI board member writes to PM Modi; suggests rescheduling loan accounts

• These are exceptional times and the need is to take exceptional steps, Marathe said in his letter to PM Modi
• When advance accounts get classified as NPAs, banks get adversely impacted financially, he said

Huge Relief for Vijay Mallya as UK High Court gives him more time to repay debts

• 'The banks are pressing for a bankruptcy order at a time when there are extant proceedings in India,' London High Court's judgement read
• A consortium of Indian public sector banks led by the State Bank of India had sought a bankruptcy order against Mallya

Eye on revenues, private labs wary about testing all for free

• Private hospitals are reluctant to test free of cost, saying that it will impact their already dwindling revenues
• Biocon Ltd MD Kiran Majumdar-Shaw has said private labs have already done 10% of the tests free of cost and has appealed to the SC to review its order to make tests free