Britain's economy is set to shrink sharply in early 2021 though manufacturers are upbeat about prospects later in the year.

Domestic equity markets continued to plunge in the afternoon session on Friday after opening in the red and came ahead of the December-quarter.

The health of Indian economy has improved and rose by 0.4% in the October to December quarte, ending technical recession.

In UK, consumer services firms, ncluding hotels and restaurants and travel businesses,harder hit by the coronavirus lockdown.

PM Modi has said the govt has no business to be in business & the Centre's policy is to either monetise or modernise PSEs.

The Centre has lifted embargo on private sector banks for conducting of government-related banking transactions.