Two-wheeler market leader Hero MotoCorp on Sunday announced to extend the shutdown of its plants across India till May 16 in view of the increasing COVID-19 infections in the country. Hero MotoCorp said in a statement that its plants such as Global Parts Center (GPC) in Neemrana and R&D facility, the Centre of Innovation and Technology (CIT) in Jaipur will be ceased until further notice.

Delhi Chief Minister (CM) Arvind Kejriwal has urged vaccine producers Serum Institute and Bharat Biotech to increase supplies in Delhi, via a letter to Health Minister Dr. Harsh Vardhan. In it, the CM emphasize on both groups i.e., 18-44-year-olds and 45+, will require 83 lakh doses/month to vaccinate the population in the next 3 months. Infrastructure is ready vaccinate 1 lakh people per day.

Domestic traders body CAIT body on Sunday requested Delhi govt. to assist the traders community financially which has been hit by Covid-19 lockdown. the CAIT said, the shops and markets are closed no inflow of money led challenges for traders in meeting family and establishment expenses like salary of the employees, electricity bills, water bills, property tax, EMIs, interest on loans etc.

India needs a vigorous regulatory framework to handle various challenges emerging from growing number of players sitting in different geographical locations participating in open banking operations. Open banking refers to sharing and grasping customer-permitted data by banks to third-party developers and firms to build enhanced applications and services for greater financial transparency options.

Crude palm oil (CPO) futures set a new all-time high on the MCX, as firm demand for edible oil in the spot markets during Ramzan purchase and lifted global trend. Malaysian palm oil futures raise 4.98% to settle at 4,425 Ringgits on Bursa Malaysia Bhd. CPO supply for May gained Rs 17.10, or 1.41% to settle at Rs 1,231.80/10 kg with a business turnover of 4,825 lots.

As Covid-2 rampages in India, global and domestic corporate giants are pitching in resources to supplement the public health system buckling under the weight of surging infections. Amazon and Google as well as Indian firms Tata Sons, RIL, and Adani Gp have set up Covid hospitals, airlifted cryogenic tankers from abroad for transporting medical oxygen and helping India overcome the Covid crisis.

A robust 133% climb in the proceeds from initial public offerings (IPOs) is noticed on the deal street on a near roll in spite of the raging second wave of the pandemic, with the value of mergers and acquisitions increasing by 8% to USD 32.3 billion across 437 deals till end-April this year, says a report. Around 28 IPOs raised USD2.7 bn across 437 deals till the end-April of this year.

Emirates said on Sunday it will not charge NGOs to move their COVID relief material on its flights from Dubai to India. The airline said in its statement that Emirates's cargo capacity will be free of cost on an “as available" basis for all its flights going to nine cities in India, to help international NGOs speedily deliver their relief supplies to India.

The small and medium enterprises (SMEs) opting for the restructuring window offered under the Resolution Framework 2.0 by the Reserve Bank of India (RBI) recently, could see a much lower number than that are eligible. Crisil believes that the impact of the pandemic will stretch until next 2-3 months. Around 3,500 companies rated by Crisil are SMEs with bank loan submission of up to Rs 25 crore

Godrej Properties eyes on ts sales booking this fiscal will exceed the last year's record of Rs 6,725 cr despite the outbreak of second wave of COVID-19. It is also looking forward to cross Rs 10,000 cr target in the next financial year. Executive Chairman Pirojsha Godrej said, Mumbai-based Godrej Properties expects “muted” sales in the April-June quarter because of COVID outbreak.

National Asset Reconstruction Company Ltd (NARCL), is likely to commence working in June, coined for bad bank. Bad bank refers to a financial institution that undertakes bad assets of lenders and provides resolution. Indian Banks’ Association Chief Executive Officer (CEO) Sunil Mehta said, The new entity is being created in alliance with both public and private sector banks.

The Gujarat-based ArcelorMittal Nippon Steel India (AM/NS India) along with the Odisha government has started working for its proposed 12 million tonne per annum (MTPA) integrated steel plant in Kendrapara district of the state. In March 2021, they both signed a memorandum of understanding (MoU) for establishing the greenfield project in Kendrapara by investing Rs 50,000 cr.

Foreign investors have withdrawn Rs 5,936 cr from the Indian equities in the first week of May due to intense worries over second wave of COVID infection and its impact on the economy. In April as well, Foreign investors had withdrawn Rs 9,659 cr after infusing money in the preceding six months, according to the depositories' data. FPIs invested over Rs 1.97 lakh cr in equities during Oct20-Mar21.

West Bengal Chief Minister Mamata Banerjee on Sunday urged Prime Minister Narendra Modi via a request letter to waive taxes and customs duty on equipment and drugs being used to fight the COVID-19 pandemic. Banerjee also requested to brace health infrastructure and expand supplies of equipment, medicines and oxygen for treatment of coronavirus-positive patients.

Billionaire Mukesh Ambani's Reliance Retail Ltd ranked as second fastest growing retailer in the 2021 worldwide ranking of global retail power houses by Deloitte, though it secured top ranks in the previous years. In the list of Global Powers of Retailing it ranked 53rd, improved from 56th earlier. The US giant Walmart Inc has topped the list of world’s top retailers, Amazon stood at second place.