Covid-19 impact: Spotify listening is softer, more newsy

• Swedish audio streaming platform says the corona outbreak has changed music listening in radical ways
• Spotify says with fewer people streaming from their cars during their daily commutes and an increase in work from home, more people are streaming across devices like computer desktops, TVs, smart speakers, and gaming consoles

Video streaming platforms brace for content crunch as covid-19 crisis worsens

• The biggest hit will come from the delayed availability of big-ticket movies whose makers currently have no clarity on when theatres will open
• All production activities have been stalled as per orders of producers and employees associations earlier this month

Coronavirus: Indian events and exhibition sector to take ₹1 trillion hit

• With around 10 million jobs in the live events and exhibition industry is at stake with 90% of them being daily wage earners
• The body has urged government to extend sops such as tax refunds, loan facility for MSME sector and artistes

Punjab National Bank unveils new logo ahead of merger

• PNB will become India's second largest bank from April 1
• UBI and OBC will be merged with PNB

Bank of Baroda cuts repo-linked lending rate by 75 bps

• Bank of Baroda cuts repo-linked lending rate
• This will bring down the interest rate on personal, retail and MSME loans with effect from 28 March

ATMs working, banks ensuring their branches are open: Nirmala Sitharaman

• Finance Minister Nirmala Sitharaman said that all banks are ensuring that their branches are open
• She further added that social distancing is maintained in all the bank branches

Despite RBI's bazooka, Indian bond market still wants more

• Yields have fallen from this year’s high as the RBI conducted open-market bond purchases and also injected cheap rupee liquidity.
• Even so, calls for it to do more are growing as investors await the details of the government’s borrowing plan

SBI adds Covid-19 to compensation list of its employees

• SBI has made modifications to the Scheme-I to cover employees affected on account of Covid-19 infection
• Bank employees in the event of death/ disability/ serious injury while on duty are covered under the Scheme-I for payment of compensation

Home cooking during lockdown pushes up LPG cylinder demand by 20%

• Indian Oil has introduced a system of booking LPG cylinder refill only after a gap of 15 days after the last refill
• Fuel retailers have clarified that there is no shortage of LPG in India

SBI cautions against fake UPI ID for collecting coronavirus funds

• 'Thank you for notifying us about this fraud UPI ID,' SBI tweeted
• The government has warned donors against fake UPI ID doing the rounds on the various social media platforms

Zydus Cadila gets tentative nod from USFDA for Parkinson's treatment capsule

The approval by the US Food and Drug Administration is for Carbidopa and Levodopa extended-release capsules in the strengths of 23.75 mg/95 mg, 36.25 mg/145 mg, 48.75 mg/195 mg, and 61.25 mg/245 mg, Cadila Healthcare said in a regulatory filing.

US crude oil prices touch 18 year record low

• The West Texas Intermediate on Monday was trading at a recent record low of $20.51 per barrel
• The fall in crude oil prices has placed major consumers such as India at an advantage

Here’s how you can contribute to coronavirus relief funds through SBI

• SBI has suggested 3 ways in which you can help the nation fight coronavirus from your home
• On Saturday, PM Modi had announced the creation of the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund

Deposit rates seen lower as banks swim in liquidity with little to lend

• This decline in deposit rates could be more pronounced in public sector banks as the sentiment surrounding their private peers
• For the 10 banks set to be merged into four on 1 April, the deposit rate cuts could be announced soon after the process is complete

COVID-19 outbreak takes heavy toll on India’s exports to China in February

• India’s exports to China dropped 13.7% in February to $1.1 billion while shipments to Hong Kong declined 62.4% to $681 million
• Imports from China fell 13.3% to $4.4 billion while imports from Hong Kong which was less affected by COVID-19 picked up 3.7% to $1.1 billion

Telcos get 6 weeks additional time to file monthly, quarterly reports due in Apr

Trai's decision comes in order to keep vital networks up and running amid the 21-day nationwide lockdown to counter the spread of coronavirus

Union Bank expects ₹2,500 cr benefits due to amalgamation: CEO Rajkiran Rai G

Union Bank said implementation of all the processes under amalgamation will happen without much disruption to customers and employees of Andhra Bank and Corporation Bank

Mega merger of PSU banks comes into force from April 1, says RBI

• Bank unions want the merger plan to be delayed due to the coronavirus lockdown
• Banking services across the country are impacted due to the effect of COVID-19 as a near shut down is being observed across the country

Reliance planning to offer new high-speed JioFiber plan: Report

• The plan will be offered in geographically viable locations without service charges for a period of 30 days
• Jio will provide voice calls, video calling, TV calling and other Jio applications even with the basic recharge

COAI writes to Delhi municipal bodies to de-seal telecom towers

Similar letters were also sent to NDMC and East Delhi Municipal Corporation, with the association trying to get telecom towers of operators running to boost coverage and network strength across the city during the lockdown