Last Updated: 10 Apr 2020 07:41 AM

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  • Coronavirus testing in private labs will plummet if made free: Kiran Mazumdar Shaw on SC's suggestion

    Kiran Mazumdar Shaw, the Executive Chairperson of Biocon Limited, has rejected the idea of private laboratories conducting tests for coronavirus free-of-cost after the Supreme Court suggested that the Centre should create a mechanism wherein private laboratories conducting COVID-19 tests do not charge exorbitant fees from public and government should reimburse the fees charged by labs.

  • DBS revises India's GDP estimate to 1.5 pc for FY21

    Singapore's banking group DBS on Thursday revised the country's GDP estimate to 1.5 per cent for the current fiscal amid the current lockdown due to COVID-19. This comes a day after American brokerage Goldman Sachs revised its forecast for the country's real GDP growth to 1.6 per cent as against 3.3 per cent it had estimated earlier.

  • HDFC Bank Alert! Fraudsters looking to exploit EMI moratorium to steal money. Beware! Don't do THIS

    HDFC Bank Alert: Largest private sector lender HDFC Bank on Thursday sent an alarm for its customers against a possible fraud over the three-month loan repayment moratorium. The bank has asked its users to be "extra cautious". The Reserve Bank of India has left it to the banks for implementing the EMI moratorium, which prompts one to maintain communication with the bank for taking benefit of the scheme. The fraudsters are using the scheme to take advantage of the situation especially when the country is under a nationwide lockdown.

  • COVID-19: Uber to provide Rs 25 crore in grants to driver partners in India

    Ride-hailing major Uber on Thursday said it will provide grants totalling Rs 25 crore to its driver-partners in India to support them amid the ongoing coronavirus crisis. The US-based company is also looking at raising an additional Rs 25 crore through employee and third-party contributions.

  • Bank of Baroda cuts MCLR by 0.15 per cent across tenors

    State-owned Bank of Baroda on Thursday announced to cut marginal cost of funds based lending rate by 0.15 per cent across all tenors, which will bring down cost of consumer loans.