After surging 1,167 points during the day, the 30-share index settled 997.46 points or 3.05 per cent higher at 33,717.62. It hit an intra-day high of 33,887.25.

The executive action signals that decisions around whether to close or reopen plants should be driven by the federal government, not local authorities.

The Federal Reserve left rates unchanged near zero at its April meeting and suggested it would not be raising them anytime soon as the virus takes a huge toll on economic growth.

A committee headed by the states chief secretary that also includes representatives from South Korea and Japan will submit a report within one month.

U.S. gross domestic product declined in the first quarter, dragged down by the pandemics grip in March. Dont even ask about this quarter.

The company, which saw sales plunge in the first quarter, said air travel might not recover for years.

U.S. gross domestic product declined in the first quarter, dragged down by the pandemics grip in March. Dont even ask about this quarter.

Monetary policy has taken a back seat as the central bank has begun lending programs to prop up markets reeling from the pandemic.

Axis Bank on Tuesday reported a standalone net loss of Rs 1,387.78 crore for March quarter of 2019-20 as provisioning for bad loans and contingencies soared.

Forex traders said positive start of domestic stocks supported the local unit. Besides, market sentiments improved as more countries are announcing gradual lifting of lockdowns that have been imp

HDFC was the top gainer in the Sensex pack, rallying nearly 5 per cent, followed by Bajaj Finance, HDFC Bank, Tech Mahindra, M&M, Reliance Industries and NTPC.

The Energy Information Administration expects jet fuel use to fall 34% in the second quarter. In addition, the agency expects gasoline use to drop by 25% from April to June.

Serum, the worlds largest maker of vaccines by volume, is mass-producing the vaccine candidate developed by the University of Oxford.

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.

Oil prices were declining even before the pandemic hit as producers flooded the market with more oil than the world could use.

The Rs 1 lakh crore flagship Delhi-Mumbai Expressway project is scheduled to be completed within three years and and expected to cut down the travel time between Delhi and Mumbai to just 12 hours

The ILO also projects that 1.6 billion workers in the informal economy, stand in immediate danger of having their livelihoods destroyed.

While storage is rapidly filling up, production cuts by US shale producers, estimated by consultants Rystad Energy at 300,000 barrels per day for May and June, should help slow flows into tanks.

MFIs have been hit hard by the COVID-19 pandemic, with many finding it difficult to meet the operating costs and pay salaries during the ongoing lockdown.

Chief Economic Adviser K Subramanian said policy making in India happens throughout the year, coming up with a separate budget may only be a legal way to go about it.