India has approved requests of about 25 countries to export hydroxychloroquine. The decision was taken after comprehensive stock-taking was done. The approval ranges from commercial orders to aid.

The clearance to export for 25 countries also includes paracetamol, other than hydroxychloroquine.

After months of delay, the United Nations Security Council (UNSC) met on Thursday via video conferencing to discuss the COVID crisis but the meet resulted in no concrete outcomes.

The only thing UNSC could agree was on press elements post the meet. The statement said, UNSC expressed their support for all efforts of the Secretary-General concerning the potential impact of the COVID pandemic to conflict-affected countries and recalled the need for unity and solidarity with all those affected.

At least 11 Indians have died of COVID-19 in the United States with another 16 testing positive for the infection which has claimed more than 14,000 lives and afflicted more than four lakh people in the US.

All Indian citizens who have succumbed to the deadly infection in the U.S. are male, with ten of them from New York and New Jersey area. Four of the victims are said to be taxi drivers in New York City.

Prime Minister Narendra Modi on Thursday gave a warm response to US President Donald Trump's note of thanks regarding India delivering the order of the hydroxychloroquine drug that the US had requested for, stating that times like these bring friends closer. India had partially lifted the ban on the export of the drug to deal with the coronavirus disease (COVID-19) crisis, which is spreading like wildfire across the globe, with the US at the frontline.

Shares of IDBI Bank advanced up to 10.5 per cent to Rs 21.95 on the BSE on Thursday after the private lender said it has targeted to raise up to Rs 7,500 crore through rupee bond in the current fiscal.

At 9:34 am, the stock pared its gains partially to trade 5 per cent higher at Rs 20.8 apiece. In comparison, the headline S&P BSE Sensex index was trading 3 per cent higher at 30,773.60 levels.

The Federal Communications Commission (FCC) on Wednesday approved Alphabet Inc unit Google's request to use part of a US-Asia undersea telecommunications cable after the company warned it would face significantly higher prices to carry traffic by other means.

Google agreed to operate a portion of the 8,000-mile Pacific Light Cable Network System between the United States and Taiwan, but not Hong Kong. Google and Facebook Inc helped to pay for construction of the now completed telecommunications link, but US regulators have blocked its use.

Leading the way in manufacturing indigenous medical equipment, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday launched COVID-19 testing kits manufactured by Andhra Pradesh MedTech Zone (AMTZ).

Minister for Industries, Mekapati Goutham Reddy, said that AMTZ is now manufacturing 2000 testing kits per day. Once it gets the laser welding equipment, the production will be scaled up to 25,000 units per day.

Stocks traded in the green in the opening session on Thursday as market benchmark SENSEX jumped over 700 points and stood at 30,619.77, amid strong investment. Meanwhile, Nifty rose more than 200 points to 8,952.70.

Sensex components like HDFC, ICICI Bank, ONGC, Tech Mahindra, Axis Bank, and Hero MotorCorp were trading on a positive note. All NSE components were trading in the green, with Nifty Pharma and Financial Services gaining the highest.

President of the United States of America Donald Trump on Thursday thanked Prime Minister Narendra Modi for India delivering the order of the hydroxychloroquine drug that the US had requested for, to deal with the coronavirus disease (COVID-19) crisis, which is spreading like wildfire across the globe, with the US at the frontline.

Trump said that it was terrific and that the United States will 'remember' this act by India.

In an attempt to provide some relief to taxpayers during the nationwide lockdown, the Income Tax Department on Wednesday announced that it will release all pending income tax refunds up to Rs 5 lakh immediately. The move is said to benefit around 14 lakh taxpayers.

In the context of the COVID-19 situation and with a view to providing immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs 5 lakh, immediately. This would benefit around 14 lakh taxpayers, read a statement by the Department of Revenue, Ministry of Finance.

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