Top headlines: IPO filings dry up, challenges for Maruti Suzuki, and more

From IBM dropping its facial recognition software, Irdai withdrawing its long-term covers on motor to FM telling banks to improve interest rate transmission, here are the top headlines on Wednesday

The coronavirus pandemic has posed difficulties for India's largest carmaker, Maruti Suzuki, as it faces production challenges and expects supply to outstrip demand soon. Nirmala Sitharaman has asked banks to improve their interest rate transmission and to expedite sanctioning of loans under the Emergency Credit Line scheme to provide additional funding to MSMEs hit by the lockdown. IBM has dropped its facial recognition software amid widespread protests raging in the United States following the death of George Floyd by a Minneapolis police officer. Here are the top headlines on Wednesday:

Challenge for us is supply chain rather than demand: