Axis Bank has dedicated Rs 100 crore to customers, employees, vendors, government agencies for supporting them in fighting against the deadly disease and combat the impact of Coronavirus. 

The country’s central bank on Monday said that it will inject more liquidity into the market for which, it announced long-term repo operations (LTRO) of Rs 1 lakh crore that will be carried out in two tranches

The company has started ‘zero contact delivery’ under which, the customers will receive their order without coming into contact with a delivery staff. This step would cover the loss up to some extent that would have been occurred on stores closure in Coronavirus outbreak. However, the company has to bear the impact of this pandemic as it is going to hit its top-line growth.

Now, it seems that Nifty is approaching towards the level of 7,342 which is 50 per cent retracement of the super bull cycle that started in 2008. Stocks in news: Dr Reddy’s Laboratories, Hindustan Unilever, Dabur.

Markets witnessed its steepest fall in the history in yesterday’s session; however, today, the markets are set for a blistering start, courtesy, positive sentiment from Asian peers. Nifty has corrected over 40 per cent in just 44 trading sessions and this fall is sharper than 2008 financial crisis.

India's biggest consumer goods firm, Hindustan Unilever, announced on Monday that it has entered into an agreement with Glenmark Pharmaceuticals to acquire its hygiene brand-VWash. The deal includes the acquisition of intellectual property rights including trademarks, design and know-how related to VWash brand.

Infibeam Avenues announced that it has partnered with third and one of the largest oil and natural gas company Indian Oil Corporation Limited (IOCL), through which the consumers of the latter, will be able to book LPG gas cylinders across India via the platform of BillAvenue.

The board of directors of Ashok Leyland, in a meeting, approved to acquire up to 6.99 per cent equity shares of Hinduja Leyland Finance Limited (HLFL) from existing shareholders in HLFL.

Ipca Laboratories surged to touch a fresh 52-week high today of Rs 1,615.70 after the company announced that USFDA has partially lifted its ban for APIs of Chloroquine Phosphate and Hydroxychloroquine Sulphate.

The banking major such as Axis, IndusInd and ICICI ended the session cuts as big 28 per cent, 24 per cent and 18 per cent. The market sentiment is so negative that out of 30 stocks on Sensex, 22 ended the session with double digit losses.