Business highlights

New Delhi, Mar 29 () Following are the top business stories at 1700 hours:DEL14 BIZ-IOC-LD FUELNo fuel crisis in India; enough stock of petrol, diesel, LPG available to last lockdown: IOCNew Delhi: India, the world's third largest energy consumer, has enough petrol, diesel and cooking gas (LPG) in stocks to last way beyond the three-week nationwide lockdown as all plants and supply locations are fully operational, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.DCM1 BIZ-FPI-OUTFLOWCoronavirus scare: FPIs pull out over Rs 1 lakh cr in MarNew Delhi: As the coronavirus pandemic is triggering fears of a global recession, foreign investors have started rowing back from the Indian capital markets by withdrawing a massive over Rs 1 lakh crore in March after remaining net buyers for six consecutive months.DCM10 BIZ-UNION BANKUnion Bank expects Rs 2,500 cr benefits due to amalgamation : CEO Rajkiran Rai GMumbai: State-owned Union Bank of India, which is amalgamating Andhra Bank and Corporation Bank with it, hopes to reap cost benefits of over Rs 2,500 crore through rationalisation of branches and savings on technology on the combined entity. DCM13 BIZ-GOVT-CSR FUNDSContributions to PM relief fund will help cos meet CSR obligations, says govt officialNew Delhi: Corporates have spent Rs 52,000 crore towards social welfare activities in the last five financial years and now making contributions to the Prime Minister's relief fund will further help them meet their obligations under the companies law, according to a senior government official.DCM21 BIZ-PRADHAN-SAUDIPradhan speaks to Saudi Oil Min for uninterrupted crude, LPG suppliesNew Delhi: Oil Minister Dharmendra Pradhan on Sunday discussed global oil market developments and sourcing LPG with Saudi Energy Minister Prince Abdulaziz bin Salman to ensure uninterrupted fuel supplies in the world's third largest energy consumer.DCM27 BIZ-POWER DEMANDPeak power demand falls 28 pc to 117 GW in since March 20New Delhi: Peak power demand in the country dipped over 28 per cent to 117.76 gigawatts (GW) on Saturday as compared to 163.72 GW on March 20, showing the impact of nationwide lockdown amid COVID-19 outbreak.DCM9 BIZ-MARKET-OUTLOOKMarkets to focus on global cues, fresh news flow on Covid-19: AnalystsNew Delhi: Stock markets will focus on global cues and fresh news flow on Covid-19 pandemic for further cues in a holiday-shortened week ahead, according to analysts.DCM3 BIZ-STOCKS-MCAPSeven of top-10 most valued cos add Rs 1.23 lakh cr in m-cap; Infy, RIL leadNew Delhi: Seven of the top 10 most-valued Indian companies together added Rs 1,23,039.72 crore in market valuation last week, led by Infosys and Reliance Industries Limited (RIL). RVK