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Trump isn't killing the bull market. Here's why

Read full story for latest details.




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Swiss voters reject corporate tax overhaul

Read full story for latest details.




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How 'America First' could turn into to 'India First'

Nandan Nilekani, co-founder of one of India's biggest outsourcing companies, says an H-1B visa crackdown would ultimately hurt the U.S.




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Joe Biden Denies Sexual-Assault Allegation

Democratic presidential candidate Joe Biden denied an allegation by former staffer Tara Reade that he sexually assaulted her 27 years ago. In an interview on MSNBC, Biden said “unequivocally, it never happened.” Photo: MSNBC's Morning Joe via AP




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New York City Schedules Nightly Subway System Shutdown to Combat Virus

In an effort to halt the spread of the coronavirus, New York City has begun suspending service to its entire subway system nightly between 1 a.m. and 5 a.m. so cleaning crews can disinfect its thousands of trains. Photo: Spencer Platt/Getty Images




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Indian Consulate General in UAE resumes partial passport services

The Indian Consulate General in Dubai has issued an advisory on partially resuming the passport services for Indian applicants through BLS Sharjah Centre from April 15 onwards.The advisory from the consulate general says that the applications for renewal of passports that have expired or would expire on or before April 30, 2020 will be processed initially.The Consulate General in Dubai also listed the ways people can apply for the renewal of passports.Those people who want to apply for renewal can send an email to the consulate at the email address- passport.dubai@mea.gov.in with an explanation of the emergency for the renewal.The Consulate would then give an appointment at the BLS International Exclusive Centre for Indian Passport and Visa Services at Sharjah.As per the advisory, the applicant will have to prepare the application online and attach all required documents before visiting the centre at the appointed time.The passport services were suspended in the wake of the COVID-19 ..




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Pak clerics flout virus lockdown rules, say restrictions not applicable to mosques, congregational prayers

Defying all orders from the state to refrain from religious congregations to curb the spread of COVID-19, prominent ulemas and religious scholars from across Pakistan on Tuesday stated that the five daily prayers and the Friday prayers would be held in mosques. They, however, mentioned that all precautionary measures advised by the government will be implemented.The statement from the ulemas, cited by Dawn, comes as the government announced it would continue the lockdown imposed in light of the coronavirus outbreak, easing restrictions for some industries which it said were 'low-risk'.Authorities in all provinces had officially restricted congregations in mosques, including for Friday prayers, to five people or less for the past two weeks. However, several instances of violation of government orders, and confrontation with police trying to enforce these orders, have been reported since then.Speaking at a press conference after the meeting between representatives from the ...




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China Stocks fall after poor coronavirus drug trial results

Risk sentiment deteriorated after a news report, citing inadvertently released results, said the closely watched antiviral drug remdesivir had had no effect on patients in its first randomised clinical test.




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CSB Bank IPO fully subscribed on day 1

Receives bids for 1.20 crore shares




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Ujjivan Small Finance Bank IPO fully subscribed on day 1

Receives bids for 20.14 crore shares




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The Challenging Calculus of Figuring Out Who Gets to Vote

The litigants in a recent Supreme Court case suggested using the American Community Survey, an annual sample of 2.5% of U.S. households that asks about citizenship, to estimate the citizen voter-age population.




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Retirement Calculators, Assumptions and Statistical Methods

Retirement calculators employ different assumptions to help users predict whether their rate of savings will support their current lifestyle after they quit work.




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Should Homeowners Ban Drones Over Their Property?

The increased use of personal and commercial drones is raising questions about where they should be permitted to fly, and who should make that decision. The FAA estimates drone sales will reach 7 million by 2020. Photo: John Weber for The Wall Street Journal




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Want 100% FDI in multi-brand retail in food: Harsimrat Kaur-Badal

Food Processing Minister pushes for national e-platform bypassing mandis for farmers, food producers




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Modi's $222-billion Make in India haul masks challenges to come

Right now, the campaign launched in 2014 is best known for its logo - a lion made of cogs - that has shown up on billboards from Hanover to San Francisco




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CERC issues regulations achieve clean energy target, sound grid operations

Advises Centre to ask states to execute energy accounting & implement availability based tariff




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Post-Covid era will see perceptible change in global supply-chains and India should capture significant share in the world trade: Piyush Goyal

Minister of Commerce and Industry & Railways Shri Piyush Goyal held discussions with the Export Promotion Councils(EPCs) of the country. He called upon the Exporters to identify their strengths, potentials and competitive advantages in specific sectors, and focus on harnessing them in the world markets. Goyal said that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in the world trade. He assured them that the Government will be a pro-active supporter and facilitator in their efforts, and the Indian Missions abroad can play an important role in that. The Minister said that Incentives can be given, but they have to be justified, reasonable, and WTO-compliant.




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Currency In Circulation Rises 0.7% On Week

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Reserve Bank Extends Regulatory Benefits Under Special Liquidity Facility For Mutual Funds

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Downward Trend In Fuel Prices Could Negatively Affect Cost Benefit Of Electric Vehicles

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Dr Reddys receives EIR from USFDA for API facility at Srikakulam

It may be noted that the site was issued warning letter in November, 2015 after the inspection in 2014, and was under "Official Action Indicated" classification till now.




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Biocon receives EIR from USFDA for its small molecules API facility in Bengaluru

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Lupin's Pithampur facility successfully completes UK MHRA inspection

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Assembly Polls 2016 results: Counting of votes begins in 4 states

The counting of votes will decide the fate of approximately 8,300 candidates




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Tamil Nadu assembly elections: AIADMK takes lead, could disprove exit polls

Neck to neck fight between two dravidian parties




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Will work harder till we win the confidence of people: Rahul Gandhi

Election trends suggest that Congress has lost in Kerala and Assam and has failed to make a dent in West Bengal and Tamil Nadu despite alliances




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Assembly elections 2016 results: BJP spreads wings, Congress shrinks

BJP wins in Assam, opens account in Kerala; Congress loses two states; Left sweeps Kerala; Mamata decimates Opposition in West Bengal




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Govt weighs fiscal stimulus in upcoming Budget to boost demand

Real annual GDP accelerated in Jul-Sept to 7.4% from 7%. But, growth of nominal GDP slowed sharply to 6%




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Dr Reddy's Labs hits 52-week high after Srikakulam facility gets EIR from USFDA

Dr. Reddy's Laboratories jumped 4.84% to Rs 4020 after the company said its manufacturing plant at Srikakulam in Andhra Pradesh received the Establishment Inspection Report (EIR) from US drug regulator.




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HUL spurts after foreign broker maintains 'outperform' rating

FMCG major Hindustan Unilever (HUL) jumped 4.81% to end at Rs 2088.35 after a foreign brokerage reportedly maintained an 'outperform' rating on the stock with a target of Rs 2,400 per share.




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UN: Live animal markets shouldn't be closed despite virus

The World Health Organization (WHO) said on Friday that although a market in the Chinese city of Wuhan selling live animals likely played a significant role in the emergence of the new coronavirus, it does not recommend that such markets be shut down globally. In a press briefing, WHO food safety and animal diseases expert Peter Ben Embarek said live animal markets are critical to providing food and livelihoods for millions of people globally and that authorities should focus on improving them rather than outlawing them -- even though they can sometimes spark epidemics in humans. "Food safety in these environments is rather difficult and therefore, it is not surprising that sometimes we also have these events happening within markets," Ben Embarek said. He said reducing the risk of disease transmission from animals to humans in these often overcrowded markets could be addressed in many cases by improving hygiene and food safety standards, including separating live animals from ...




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AOC's John Coates: Tokyo could be the greatest Olympics ever

Australian Olympic Committee president John Coates has predicted that next year's coronavirus-delayed Tokyo Games may ultimately be amongst the great games ever, if not the greatest. The Sydney-born Coates, who oversees planning for the Tokyo Olympics for the International Olympic Committee, told the AOC's annual general meeting on Saturday that he would put aside any of his parochialism while hoping that Tokyo would supplant Sydney as the best ever. At the closing ceremony of the Sydney 2000 Games, then IOC president Juan Antonio Samaranch described the Australian event as the best Olympic Games ever during the closing ceremony. The best-ever"claims for Tokyo by Coates, who did not go into further details, come despite spiraling costs for the Japan games, which will now begin on June 23, 2021. Japan is officially spending $12.6 billion to organize the Olympics, but a government audit report last year said it was at least twice that much. It's all public money except for $5.6 billion .




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Would love to direct one day: Elle Fanning

Actor Elle Fanning says she would love to pursue direction if she gets a good story. The actor said she "badly" wants to go behind the camera. "It's something that I do want to do badly. You've just got to find the right story. What is it that you want to tell? Is it going to be personal? Is it not? Are you going to write it? Are you not? A lot of big questions. I will for sure one day," Fanning said in an interview with Variety. She will next be seen as Catherine the Great in Hulu's 10-part satirical comedy series "The Great", which debuts on May 15. Fanning is also looking forward to The Nightingale, which also features her sister Dakota. The film, directed by actor Melanie Laurent, was scheduled to release in December but has been postponed by a year due to coronavirus pandemic.




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Aussie Super Rugby eyes early July return

Australia's Super Rugby competition is planning for an early July return, a spokesman said Saturday, after the coronavirus outbreak derailed the season and sparked turmoil within the sport's cash-strapped governing body. Rugby Australia's board suffered another tumultuous week with new director Peter Wiggs -- who had been tipped to take over the chairman's role -- quitting after just five weeks in the job. His departure followed the resignation last month of chief executive Raelene Castle after pressure from the board and a simmering financial crisis. Clubs are set to begin training in the coming days under strict health regulations aimed at preventing the spread of COVID-19 among players, a spokesman said on Saturday. "We do not have a confirmed date for the resumption of Super Rugby in Australia, however early July presents a best case scenario," he added. This year's Super Rugby competition saw seven rounds played before the pandemic forced a stop to the season in March. The ...




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Seoul shuts down nightclubs after virus spread

Seoul has shut down more than 2,100 nightclubs, hostess bars, and discos after dozens of infections were linked to clubgoers who went out last weekend as the country relaxed social distancing guidelines. The measures imposed by Mayor Park Won-soon on Saturday came after the national government urged entertainment venues around the nation to close or otherwise enforce anti-virus measures, including distancing, temperature checks, keeping customer lists and requiring employees to wear masks. Park said that the entry bans on the facilities will be maintained until the city concludes the infections risks as meaningfully lowered. South Korea's Centers for Disease Control and Prevention earlier said 18 fresh cases were reported in the 24 hours to midnight Friday, all but one of them linked to a 29-year-old man who visited three clubs in Seoul's Itaewon district last Saturday before testing positive on Tuesday. But Park said 16 more cases were confirmed in Seoul alone in the following hours .




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Golden Globes makes temporary changes to foreign language film eligibility rules

The Hollywood Foreign Press Association (HFPA) has tweaked its rules for the Golden Globes in regard to the foreign language film category, amid the coronavirus pandemic. According to Variety, HFPA has announced that foreign language films will not need a theatrical release in their own country to be eligible for the 2021 Golden Globes. Earlier there was a rule that foreign films must be released in their country of origin during the 15-month period from October 1 to December 31 prior to the awards. Foreign-language motion pictures that had a bona fide theatrical release planned to begin in their country of origin during the period from March 15 until a date to be determined by HFPA when cinemas in that country have generally reopened, may instead be released in any country in any format and will still be eligible for the Golden Globe foreign-language motion picture awards, the new rule states. The films can be released in motion picture format such as in theatres or on pay-per-view ..




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Ricciardo braced for 'chaos' when Formula One starts

Australia's Daniel Ricciardo anticipates "chaos", "rust" and "adrenaline" should the 2020 Formula One season start at last. The global spread of the coronavirus has already led to 10 races, of what was to have been a record 22-event championship, being either cancelled or postponed. Officials at the FIA, motorsport's world governing body, are hoping to launch the season behind closed doors in Austria on July 5. "(It will be) some form of chaos, hopefully in a controlled manner," the Renault driver told BBC Radio Five Live. "I am not really referencing cars everywhere. But there is going to be so much rust, a combination of emotion, excitement, eagerness." Ricciardo, waiting out the crisis on his farm near Perth, Western Australia, believes a dramatic season-opener is in prospect at the Red Bull Ring. "Everyone is going to be ready to go," he said. "You are going to get some guys who perform on that level of adrenaline and others who might not. "So you're going to get some bold ...




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UK plans 14-day compulsory quarantine for all airport arrivals

The UK is planning to bring in compulsory 14-day quarantine for all travellers arriving in the country from any part of the world, except the Republic of Ireland, as part of measures to track the spread of coronavirus, according to UK media reports. The new restriction, which means travellers including Britons arriving in the UK would have to self-isolate at a private residence and fined up to 1,000 pounds or deported for flouting the rules, is expected to take effect at the end of this month. According to The Times', the quarantine will form part of the announcements when British Prime Minister Boris Johnson makes a televised address to the nation on Sunday in relation to the COVID-19 lockdown. He has vowed to move with maximum caution as he reopens the economy by lifting some of the social distancing measures and stay-at-home orders next week, enabling people to exercise more than once a day and visit garden centres. These measures will help protect the British public and reduce the




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Nepal raises objection over India inaugurating crucial link road passing through Lipulekh Pass

Nepal on Saturday raised objection over India inaugurating a strategically crucial link road connecting the Lipulekh pass at a height of 17,000 feet along the border with China in Uttarakhand with Dharchula, saying this "unilateral act" runs against the understanding reached between the two countries on resolving the border issues. Nepal's Foreign Affairs Ministry in a statement said the government "has learnt with regret" about the inauguration of the link road connecting to Lipulekh pass, which Nepal claims to be part of its territory. The 80-Km new road inaugurated by Defence Minister Rajnath Singh on Friday is expected to help pilgrims visiting Kailash-Mansarovar in Tibet in China as it is around 90 kms from the Lipulekh pass. After inaugurating the road through video-conferencing, Singh said pilgrims going to Kailash-Mansarovar will now be able to complete their journey in one week instead of up to three weeks. The road originates at Ghatiabagarh and ends at Lipulekh pass, the ...




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Seoul shuts down more than 2,100 nightclubs

South Korea's capital has shut down more than 2,100 nightclubs, hostess bars and discos after dozens of coronavirus infections were linked to club goers who went out last weekend as the country relaxed social distancing guidelines. The measures imposed Saturday by Seoul Mayor Park Won-soon came after the national government urged entertainment venues around the nation to close or otherwise enforce anti-virus measures, including distancing, temperature checks, keeping customer lists and requiring employees to wear masks. Park said the entry bans on the facilities will be maintained until the city concludes that risks of infection have been meaningfully lowered. South Korea's Centers for Disease Control and Prevention, or KCDC, said earlier in the day that 18 new cases were reported in the 24 hours to midnight Friday, all but one of them linked to a 29-year-old man who visited three clubs in Seoul's Itaewon district last Saturday before testing positive days later. But Park said 16 more




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Entire family to be home-quarantined if one breaches seclusion rulesdharam

Anyone home-quarantined for suspected coronavirus infection but found breaching the seclusion rules will invite home confinement for all his family members, the Kangra police warned on Friday. Kangras Senior Superintendent of Police Vimukt Ranjan said the new provisions have been made on Friday. As per the fresh orders issued today, any person who has come to the district from other districts of Himachal Predesh or other states of India and placed on home quarantine for 28 days from the date of his entry in district Kangra will be shall be dealt more strictly for its violations, said Ranjan He added that if a home-quarantined person with his other family members not confined along with him is found violating the seclusion rules, in any form, then his entire family members would be put in home0confinement along with him, he said. In Himachal around 90,000 persons returned home from other states on passes issued by state government in the past one week and another 20,000 plus are ...




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Tendulkar provides financial support to 4,000 underprivileged people

Indian cricket icon Sachin Tendulkar has donated an undisclosed amount to financially help 4,000 underprivileged people, including children from Brihanmumbai Municipal Corporation (BMC) schools, amid the COVID-19 pandemic. Tendulkar made the donation to the Hi5 Foundation, a non-profit organisation based out of Mumbai. "Best wishes to team Hi5 for your efforts in supporting families of daily wage earners," Tendulkar tweeted. The organisation, through a tweet, thanked Tendulkar for doing his bit for the needy. "Thanks @sachin_rt for proving once again that #sports encourages compassion! Your generous donation towards our #COVID19 fund enables us to financially aid 4000 underprivileged people, including children from @mybmc schools. Our budding sportspersons thank you, Little Master!" The legendary batsman had earlier contributed Rs 25 lakh each to Prime Minister's Relief Fund and Chief Minister's Relief Fund for the country's fight against COVID-19. Tendulkar had earlier pledged to ...




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Kingpin of 532 kg heroin haul case arrested in Haryana

The Punjab Police on Saturday arrested from Haryana a drug smuggler who was wanted in a 532 kg heroin seizure case, police said. Ranjeet Singh Rana was arrested from a hideout in Sirsa in Haryana, Punjab Director General of Police (DGP) Dinkar Gupta told PTI. Rana was wanted in a narcotics haul case in which the Customs department last year had seized 532 kg of heroin worth Rs 2,700 crore in rock salt consignments at the Integrated Check Post at Attari in Amritsar. He was the kingpin of the narcotics haul. Rana was nabbed following recent arrest of Hizbul Mujahideen operatives in Amritsar. "Following up further on arrests of Hizbul operatives in Jammu and Kashmir and Punjab, the Punjab Police juggernaut moved further to nab Ranjeet of Amritsar, one of the biggest drug smugglers of India from Sirsa today. Cheeta was wanted in 532 kg heroin haul from Attari in June 2019," the DGP tweeted. Along with Rana, his brother was also arrested in an operation conducted by the Punjab Police in ..




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Restrictions continue in Kashmir; Curbs relaxed in some peaceful areas

Restrictions continued in Kashmir on Saturday in the wake of killing of Hizbul Mujahideen chief Riyaz Naikoo in an encounter with security forces on Wednesday, but the curbs were relaxed in some areas of the valley where the situation remained peaceful, officials said. Restrictions on the movement and assembly of people continued in the valley for the fourth consecutive day on Saturday following Naikoo's killing in Pulwama district of south Kashmir on Wednesday, the officials said. They, however, said the curbs were relaxed in some areas of the valley where the situation remained peaceful. Some relaxations in terms of allowing movement of people and opening of shops in certain areas have been allowed, they added. Deployment of security forces continued in vulnerable areas to maintain law and order, the officials said. While the government has been strictly enforcing the COVID-19 lockdown, restrictions were imposed across the valley on Wednesday the day Naikoo and his aide were killed




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SBI complains to CBI after Rs 411 crore loan defaulter flee country

Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said. The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said. Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said. The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the




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In times of crisis, journalists should work for welfare of people, strengthening unity in society: RSS leader

In times of crisis, journalists should be more responsible and work for welfare of people and strengthening unity in society, RSS joint general secretary Manmohan Vaidya said on Saturday as the country battled against the coronavirus pandemic. Speaking on the occasion of Narad Muni Jayanti via video-conferencing, Vaidya said journalists while doing reporting should always keep welfare of society in their mind. And many journalists in the country do so. According to Hindu mythology, Narad Muni is a travelling storyteller and primary source of information among Gods. Expressing concern that a specific type of India's image is being painted in a section of the international media which is far away from ground reality, Vaidya said it was being done by some Indian journalists and they should keep the country's interests in mind while reporting. He further said that at the time when the country was facing the COVID-19 pandemic, journalists should be more responsible, working for welfare of .




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Rescheduled TCS World 10K Bengaluru to be held on November 22

The TCS World 10K Bengaluru run will be held on November 22 as the organisers on Saturday announced the new date for the rescheduled event. The race, the lone Gold Label event in Asia, was earlier scheduled to be held on the third Sunday of May, like the previous years, but had to be postponed due to the COVID-19 pandemic. "Safety and precaution are paramount for the event. This re-scheduling of the Tata Consultancy Services World 10K, was imminent to regain some form of normalcy, especially for the travel and participation of our international stakeholders," said Vivek Singh, Joint-MD Procam International, the organisers of the run. "The support and co-operation received from all our stakeholders, has been unparalleled. 22nd November 2020, should give us all necessary time to heal, re-energise and deliver the event with our customary zeal," he added. The online registrations for the rescheduled event will commence on September 8. Race Director Hugh Jones said, "Postponing an event of




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Razorpay to hire over 50 people, says annual appraisal schedule on track

Fintech company Razorpay on Saturday said it will hire more than 50 people for critical roles across product and engineering teams, and is on schedule with appraisals, bonuses and promotions for its existing employees. With businesses seeing significant impact due to the COVID-19 pandemic, many startups have frozen hiring and slashed salaries. There have also been reports of layoffs by many firms. Razorpay said in view of the restrictions imposed due to the pandemic, an increasing number of businesses are considering adopting online payment methods. "As a company, we are sufficiently capitalised and are on schedule with appraisals, bonuses and promotions for our employees, which will be announced this month end. We have always believed in rewarding our employees with healthy merit increases," Razorpay Head - People Operations Anuradha Bharat told PTI. While she did not disclose the quantum of hikes to be given, Bharat said the wage increases have been typically higher than the average




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Bulk of COVID-19-related fact-checks in Apr related to communal rumours, claims BOOM Live

A bulk of the COVID-19-related fact-checks in April were related to communal rumours, most of which were false allegations against Muslims of purposefully spreading the virus, claimed a report by BOOM Live. BOOM Live, a fact-checking platform that works with social media companies like Facebook, said its study analysed 178 fact-checks on COVID-19 related to misinformation/disinformation around the pandemic from January to May this year. "During April, a new trend was observed communally charged disinformation targeting Muslims became more frequent," the report said. By the end of April, a bulk of BOOM Live's fact-checks (34 unique fact checks) were on communal rumours, it claimed. The report further noted that after several members of the Tablighi Jamaat an Islamic missionary group tested positive, "Islamophobic rumours around them purposefully spreading the virus became viral on the internet". Other trends also witnessed in April were: spike in fake news related to politics, more .




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Bihar despatches 28 ambulances to AES-affected districts

Bihar Health minister Mangal Pandey on Saturday flagged off 28 ambulances to seven districts of the state affected by Acute Encephalitis Syndrome (AES). Of the 28 ambulances, eight were despatched to the most-affected Muzaffarpur district. East Champaran, West Champaran got five each, Sitamarhi four while Samastipur, Gopalganj and Siwan districts got two ambulances each, an official release said. With this, the total number of ambulances has increased to 426 in 11 districts affected by AES in the state, it said. As many as three children have lost their lives in over a month due to AES at Sri Krishna Medical College hospital in Muzaffarpur which accounted for about 120 deaths due to the same disease last year. The minister flagged off the ambulances at a function held at the State Institute of Health and Family Welfare (SIHFW) here. Over 700 AES kits were sent in the 28 ambulances to 366 health institutes in the AES-affected districts, it said. The kits comprise 11 types ..