Yahoo's top 10 finance picks of the day

·3-min read

Govt to infuse Rs 20,000 crore subordinate debt for stressed MSMEs, India's unemployment rate in May stays at 23%, what happens in a downward shifting economy?

Here are our top picks for the day and all you need to know from the world of finance:-

ITR forms for FY21 notified: Here's what has changed

On late Saturday, the CBDT has notified all income tax forms for the financial year 2021 and here is all that has been changed. Read more

Gold Price in India near Rs. 47000/10 Gm as US riots weigh

Gold price in India after having fallen in early trade (june 1, 2020) has again surged on the MCX to touch a high of Rs. 46,984 per 10 gm. Read more

LPG cylinder prices raised for June

As the economy is all set to unlock with some restrictions in place, price of LPG cooking gas price has been increased. A non-subsidised LPG cylinder will be priced higher by Rs. 11.50 per cylinder in the national capital. Read more

India's most valuable companies likely to lose $25 bn of brand value as COVID-19 pandemic wreak havoc: Brand Finance report

As the COVID-19 pandemic wreaks havoc on the global and national economy, India's top 100 most valuable brands could lose up to 15 percent of brand value cumulatively, a potential drop of nearly $25 billion compared to the original valuation date of 1 January 2020, according to according to Brand Finance India 100 2020 report. Read more

India's unemployment rate in May stays at 23%

In May, India's unemployment rate rose to 23.48 percent, which is marginally lower than 23.52 percent in the previous month, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday. Read more

HDFC Bank extends moratorium on loan,

EMIs, credit card outstanding amouts by 3 months till August; Here's how you can avail of the new rates. Read more

Shares zoom as India begins phased exit from lockdown

The Sensex and the Nifty ended the day with massive gains on Monday, rising for fourth straight session. Easing of lockdown, better than expected GDP numbers and positive global sentiment boosted market sentiment. Buying was broad based with banks, metals and auto stocks in demand. Read more

OYO announces ESOPs for all furloughed employees impacted by COVID-19

Hospitality firm OYO is granting employee stock ownership plans (ESOPs) worth a total of around Rs 130 crore to all its furloughed employees impacted by the COVID-19 pandemic as part of its efforts to minimise the disruption being experienced by them, an internal e-mail from its founder Ritesh Agarwal said on Monday. Read more

Govt to infuse Rs 20,000 crore subordinate debt for stressed MSMEs

Union Minister Prakash Javadekar said the government has taken key steps to boost MSMEs and Rs 20,000 crore has been infused into the sector. Read more

What happens in a downward shifting economy?

The crisis has moved from healthcare to an economic one as expected by some and feared by most. A necessary lockdown imposed by the government has resulted in poor demand, contracted manufacturing activity, high rate of unemployment. Read more