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SBI Card Q4 profit slides 66% y-o-y as impairment losses soar

The total balance sheet size as on March 31, 2020 was Rs 25,303 crore, up 25.6% from Rs 20,146 crore on March 31, 2019.




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Power demand falls 22.6% in April, steepest plunge in recent history

Electricity consumption in Uttar Pradesh declined by 20.3% in April while Rajasthan recorded an annual fall of 21.3% in the same month.




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Private power producers want govt to fast-track discom funding package

Power plants across the country currently have coal stock to run their plants for 31 days on an average.




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Net inflows into equity MFs halve in April compared to March, as investors turn cautious

Industry experts say that lump-sum investments have stopped and even some investors are stopping their SIPs, due to the unpredictable equity markets.




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Analyst Corner: Jindal Steel & Power Rating ‘buy’ – Volume uptick in April beat sector trend

Company faring better than peers on operational front due to its focus on exports; lower costs to aid margin; ‘Buy’ maintained.




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GST relief 2.0: Govt can provide relaxations with respect to certain measures under GST

Current relaxations, prospective exemptions, and time taken to restore normalcy may depress tax collections. An increase in the tax rate of certain goods can compensate for losses.




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Job cuts, zero production activity due to lockdown: What the Centre must do now

A fully Keynesian approach will need to be taken by the government. People are losing jobs and production activity has come to a standstill due to the lockdown.




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Bharat Biotech to lead monoclonal antibodies project for Covid-19 therapy

This project brings together National Centre for Cell Science (NCCS), Pune; Indian Institute of Technology, Indore, and Gurgaon-based PredOmix Technologies in a collaborative mode for a public health emergency.




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Time spent on smartphones rose 16% during April 25- May 1, 2020: BARC-Nielsen report

Social networking, gaming and education apps recorded the highest growth




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Crisis not going away soon; IMF says, new incoming economic data worse than previous estimates

The International Monetary Fund said that the global economic outlook has worsened since its latest forecast three weeks ago and the world can expect more waves of financial-market turbulence.




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Who is paying the railway ticket price for migrant workers? Delhi, Bihar ministers spar

After the central government has permitted the operation of special trains to take migrants back to their hometowns, a debate on who will bear the cost has been going on.




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TDP chief urges PM Modi to set up scientific experts’ committee to probe Vizag gas leak incident

Following the gas leak incident, the National Green Tribunal ordered LG Polymers India to pay interim damages of Rs 50 crore and issued notices to the company, Central Pollution Control Board (CPCB), state and Centre.




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Good news on Coronavirus medicine! Study finds this antiviral drug combo promising against COVID-19

The researchers believe that a future phase 3 trial will confirm or refute the usefulness of this candidate drug as a backbone treatment for COVID-19.




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Zoom had a ‘record’ April in India despite Government’s red flag over privacy

The MHA had issued an advisory for Zoom users in India in April, to safeguard their virtual meetings from prying eyes, deeming the video conferencing platform unsafe.




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ICICI Bank Q4 profit jumps 26% to Rs 1,221 crore; announces Rs 25,000 crore fundraising plan

Private sector lender ICICI Bank reported a 26% on-year jump in standalone profit for the quarter ended March 31. The bank saw total income in the March quarter surge by Rs 2,500 from the previous year.




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CBSE Class 10, 12 board evaluation begins! Teachers to be provided answer sheets at home

The evaluation of the answer sheets has been delayed due to a nationwide lockdown imposed to contain the coronavirus outbreak.




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Preparing for CA exams? ICAI to commence mock test papers; check dates, schedule

Mock test paper for CA exams 2020: In the view of Coronavirus pandemic, the Board of Studies of ICAI will be commencing the Mock Test Papers (Series-1) online this month.




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Gujarat: Four held for spreading rumour about Amit Shah’s health

Four persons were detained by Ahmedabad police on Saturday for allegedly spreading misinformation about Union Home Minister Amit Shah's health by creating a fake Twitter account in his name.




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Vizag gas leak: Situation ‘normal’ says Andhra govt; DGP inspects plant amid protests

The Andhra Pradesh government on Saturday said the situation was "normal" in RR Venkatapuram village, where a styrene vapour leak from the LG Polymers plant claimed 12 lives and left over 300 people hospitalized with various ailments.




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Adani Transmission Q4 net dips 60 per cent on one-time write-off; FY21 margins protected

Adani Transmission Ltd's (ATL) net profit in January-March at Rs 58.97 crore was 60 per cent lower than Rs 146.7 crore net profit in the same quarter last year.




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Watch Your Back: Improve Your Security Posture and Reduce the Risk of Attack

There are a number of best practices that can work to improve your organization’s security posture. Following these will help you put the right defenses in place, and become the building blocks of a solid plan to ensure you react to a breach.




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Canada Holds the 131st Express Entry Draw and Issues 3,600 Invitations

IRCC conducted its 131st Express Entry draw, and has issued Invitations to Apply for 3,600 candidates on November 27th.  Features of the DrawHere the minimum score in the Comprehensive Ranking System stood at 471, which is lesser by one point…




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British Columbia Invites 348 Candidates in Five Provincial Streams

On November 26th British Columbia held a draw and has extended 348 invitations to Skilled Workers as well as International Graduates in its new Provincial Nominee Program. The draw covered five provincial streams. These Skilled workers of the provincial…




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Canada Impresses as A Fine Country for Immigration as per A Study

The Anholt-Ipsos Nation Brands Index has a task of ranking the nations and in it, Canada was a leading country for immigration. In it, there are ranks for 50, nations and Canada was also selected as the best destination for investment.Making Great ProgressAdditionally,…




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Saskatchewan Introduces an International Graduate Entrepreneur Stream

Saskatchewan Province launched the fresh International Graduate Entrepreneur Stream. This is a new category of the Saskatchewan Immigrant Nominee Program that targets global students who graduate from institutions of Saskatchewan. It helps them to stay…




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Alberta Simplifies Process for Graduates in the Alberta Opportunity Stream

Authorities in Alberta have eased the process for graduates intending to apply to its Immigrant Nominee Program.The Advanced Education Approved Post-Secondary Credentials were eliminated in the province.This change was announced on Nov 29th, 2019, and…




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Nova Scotia Draw Targets Social Workers in Labor Market Priorities Stream

On December 5th  Nova Scotia conducted a new draw in its provincial Labor Market Priorities Stream with a link to Express Entry. It targets social and community service workers under the NOC 4212. This was the first NSNP draw that targeted NOC 4212.Candidates…




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Saskatchewan Conducts Final Entrepreneur Stream Immigration Draw of 2019

The immigration authorities of Saskatchewan conducted a final draw of 2019 in the Entrepreneur stream on December 5.Making a Gradual ProcessIn the Saskatchewan Immigrant Nominee Program 62 were invitations issued for immigration where the Candidates…




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Manitoba Provincial Draw Invites 221 Overseas Workers and Global Students

Manitoba PNP held a draw on December 6th and invited 221 candidates to apply for immigration on the provincial nomination leading to permanent residence in the country. These candidates were in• Skilled Worker Overseas• Skilled Worker in Canada,•…




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Canada Holds 132nd Express Entry Draw and Crosses 82,000 Invites in 2019

Canada conducted its new draw in the Express Entry, and issued 3,200 Invitations to Apply to the candidates on December 11th.  In it the least Comprehensive Ranking System score was 472, which is one point increase comparing to the 131st Express…




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Ontario Issues 667 Invitations in Skilled Trades to Express Entry Candidates

The immigration authorities in Ontario held their largest draw on December 11th4wsqor 2019, and issued 667 Notifications of Interest to such candidates who had a profile in Express Entry Pool. This was the first draw in the Skilled Trades stream after…




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Immigration Priorities in Canada Outlined in A Mandate Letter by Liberals

Prime Minister Justin Trudeau assigned the twin tasks to Marco Mendicino, the Immigration Minister. These are Management of a million new arrivals seeking permanent residents as well as creating a fresh Municipal Nominee Program.Well Defined ResponsibilitiesThe…




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Parents and Grandparents Program of Canada is Planning for 2020 Intake

IRCC has announced that the Details about the intake process for Parents and Grandparents Program in Canada’s for 2020 will be available soon. This program is popular, and there is a huge demand for sponsorship from citizens as well as permanent residents,…




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Increase in Immigration Targets is the Next Priority of Canada

The Prime Minister of Canada has addressed the recently appointed Immigration Minister in a recent mandate letter. The mandate letter represents the top preferences for the Canadian immigration future, which comprises increasing immigration goals and…




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Ontario Seeks an Enhanced Provincial Immigration Allocation by 2021

Ontario immigration is seeking an enhanced allocation of provincial immigrants from the Canadian federal government it receives every year. It wants the allocation in the Ontario Immigrant Nominee Program at 13,300 by 2021, and it is 7,000 in this year. Reasons…




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133rd Express Entry Draw of Canada Issues 3,200 Invitations

The immigration authorities in Canada conducted their 133rd Express Entry draw, within eight days of the earlier draw, and issued 3,200 Invitations to Apply, to the promising candidates, on December 19. The DetailsThere was a decline of three points…




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Prince Edward Island Holds a Final Draw and Invites 111 Aspirants

On December 19 Prince Edward Island held its final draw for 2019 and issued 111 invitations under the system of Expression of Interest. 100 of these were issued to Express Entry and Labor Impact candidates, and 11 to the Business Impact category. In…




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Nova Scotia Holds A Labor Priorities Stream Draw and Invites 144 Candidates

Nova Scotia held a draw in the Labor Market Priorities stream on December 20 and invited 144 candidates belonging to the Express Entry having the required work experience related to public relations, advertising, or marketing sectors. The category of…




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Saskatchewan Invites 595 Candidates in the Recent Expression of Interest Draw

Saskatchewan has invited 595 candidates belonging to Express Entry and Occupations In-Demand categories to seek the provincial nomination for permanent residence in Canada.Making a Fine ProgressOn December 20 a draw was held for The Saskatchewan Immigrant…




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Nova Scotia Achieves A Record Immigration Driving Up the Provincial Population

Nova Scotia Province had a record-breaking growth in population and the credit goes to immigrants as well as interprovincial migrants.Impressive Performance by the ProvinceAs per the estimates of Statistics Canada the growth in population was 12,339…




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Performance of Canada's Express Entry system in 2019

There were several twists and turns in the Express Entry system of Canada for the candidates and the observers in 2019.  Canada issued 85,300 invitations to apply for permanent residence issued.Interesting FeaturesThis was the record top second,…




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Increase in Settlement Funds for Express Entry Immigrants in Canada for 2020

There is an increase in the Settlement funds requirement for fresh immigrants in the Express Entry reaching Canada in 2020. Funds requirements for single applicants increased to $12,960 in 2020. In 2019 they were $12,669. Also, there was an increase…




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134th Express Entry Draw Held in Canada - Issues 3,400 PR Invitations

On January 8th Canada held its First Draw in 2020 and Invited 3,400 Express Entry Candidates to get the PR. In this draw the minimum score of the Comprehensive Ranking System increased by four points to 473 in comparison to the earlier…




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Ontario Invites 242 Candidates in Express Entry Draw for French Speakers

On January 9th, Ontario conducted a draw for the first time after May 2019 in the French-Speaking Skilled Worker stream that is linked to Express Entry. The draw in Ontario Immigrant Nominee Program issued 242 Notifications of Interest.The qualifying…




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Saskatchewan Holds A Draw and Issues Invitations to 308 Promising Candidates

The immigration officials of Saskatchewan issued 308 invitations that target 82 NOC codes in the first skilled worker draw for Expression of Interest draw in the present year on January 9th. This draw was held in Saskatchewan Immigrant Nominee Program…




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Labor Force Survey in Canada Shows Employment Gains in Various Provinces

Ontario and Quebec were the leading provinces to have employment gains in December. The latest Labor Force Survey of Statistics Canada revealed these facts.57,000 more employees were employed in the private sector of Canada during December. There was…




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Express Entry Immigration Option and Facts about Principal Applicants

We present the facts of Express Entry as an option for candidates who have credentials that are similar to the credentials of Meghan and Harry. Their qualifying for permanent residence in Canada is a matter of discussion. There is news about the potential…




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Prince Edward Island Holds A Major Draw and Invites 123 Candidates

Prince Edward Island held the first draw for the year on January 16th and has issued 123 invitations to immigration candidates.Forward looking ProgramThe PEI Provincial Nominee Program invited the candidates in the Labor Impact, and Business Impact class…




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135th Express Entry Draw in Held in Canada - Invites 3,400 Candidates

Canadian Immigration authorities are beginning the issuing process at a great pace. In an Express Entry draw conducted on January 22, 2020, they issued 3,400 Invitations to Apply. The CRS score had a decline of two points in comparison to the draw held…




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Alberta Provincial Draw Issues 150 Invitations to Express Entry Candidates

150 invitations were issued to Express Entry candidates to apply and seek the Alberta provincial nomination on January 9. The Candidates having a 350 CRS score received these NOIs.Through the Alberta Express Entry Stream the Alberta Immigrant Nominee…