o

India tops the charts for Zoom downloads in April: Report

India was the biggest market for Zoom in April in terms of downloads according to Sensor Tower.According to a report by GadgetsNow, the video-conferen




o

Mahindra Holidays posts ₹161.50 cr loss in Q4

Mahindra Holidays & Resorts India Ltd on Saturday reported a consolidated loss after tax of ₹161.51 crore for the fourth quarter ended March 20




o

LG Polymers says vapour leak caused accident at Vizag plant

LG Polymers India Ltd on Saturday blamed leaking vapour from a storage tank at its Visakhapatnam plant that killed at least 11 people and forced th




o

WHO to develop coronavirus app for self-assessment; likely to add contact tracing features

The World Health Organization (WHO) is planning to launch a new coronavirus app to enable people from under-resourced countries to self-assess their s




o

Naval ship carrying 700 Indians stranded in Maldives to arrive on May 10

This is the Indian Navy’s first massive evacuation exercise during the Covid-19 lockdown.




o

Trump administration working to temporarily ban work-based visas: Report

The US is working to temporarily ban the issuance of some work-based visas like H-1B, popular among highly-skilled Indian IT professionals, as well




o

Big Story | Has Covid-19 made matters worse for road construction companies?

Road construction companies expected a smooth road in 2020, but the coronavirus-induced lockdown has thrown fresh challenges their way. So, what lies ahead for the companies?




o

Concor re-starts direct service linking Hyderabad terminal with PSA’s Chennai

Rail rises to the occasion as trucks were off roads due to lockdown




o

Yogi Adityanath reviews Covid-19 situation in Uttar Pradesh

Uttar Pradesh Chief Minister Yogi Adityanath chaired a high-level meeting of State government officials at his residence in Lucknow, to review the si




o

TN Govt forms high-level panel under C Rangarajan to assess Covid-19 impact

Tamil Nadu has constituted a high-level committee under the Chairmanship of former Governor of Reserve Bank of India, C Rangarajan, to advise the gove




o

Congress asks Telangana to bring back migrant labourers stranded in Gulf

The Congress Party has asked the Telangana Government to bring back the migrant labourers stranded in the Gulf countries.Addressing a press conference




o

Twitter rolls out ‘schedule tweet’ feature for select users

Twitter is allowing a few select users to schedule their tweets on its desktop app.The feature was first spotted by The Next Web who reported that a f




o

Q4 results: ICICI Bank net profit up 26% to ₹1,221.36 crore

The net interest margin was the highest ever at 3.87 per cent in the fourth quarter



  • Money & Banking

o

Motilal Oswal Focused 25: Credible show in tough times

The large-cap-oriented fund has contained losses well in these difficult market conditions




o

‘Europe needs a break’: EU plans to restart travel and tourism despite coronavirus threat

EU states should guarantee vouchers for travel cancelled during the coronavirus pandemic and start lifting internal border restrictions in a bid to s




o

How R&D spends make Alembic Pharmaceuticals a good buy

Aggressive capex, manufacturing capabilities for US and a change in domestic strategy make the stock attractive




o

Rs 18,253 crore transferred to farmers under PM-KISAN scheme during lockdown




o

Photos of the day: May 9, 2020




o

DDoS attacks surge on educational, civic bodies websites

As people confine themselves to their homes in the lockdown, hackers have increased focus on the targets that they can profit on.Cyber security expert




o

CBSE Board exam evaluation to be done at home by teachers

The evaluation for class 10, 12 Board exams will be done by teachers at their homes and 3,000 schools have been identified as exam centres to deliver




o

Retailers being offered rebates on rents

Brigade Malls in Bengaluru is extending a 50% rebate on rent to its tenants from mid-March until its two malls reopen. Phoenix High Street Mall in Mumbai is giving retailers the option of paying March-June rents together in July, according to two top retail executives.




o

Top multinationals from HUL to Apple brace for rising online sales post Covid-19

LG, Samsung, Vivo and Xiaomi are also rolling out hyperlocal sales platforms that will connect their offline stores to consumers searching products online so that the outlet nearest to the consumer can deliver the order, industry executives said.




o

Flipkart group CFO Emily McNeal quits

Sources in the company said, McNeal’s role will now be divided between Sriram Venkataraman, who is expected to take over as the CFO of Flipkart as well as the fashion etailer Myntra, and Adarsh Nahata who is currently PhonePe’s CFO.




o

E-commerce firms seek clarity on equalisation levy

They also suggested that the levy should not be imposed on services or goods that are executed online but delivered offline – for instance, online hotel bookings, air ticketing and even heavily regulated financial services – besides seeking a clear definition of what comprises online sale of goods, services and the digital or electronic platform.




o

Lockdown 3.0: People turn to e-commerce for non-essential items; staff crunch may delay deliveries

From laptops to apparels, people are logging on to e-commerce platforms like Amazon, Paytm Mall and Snapdeal to place orders for non-essential items, but lack of adequate manpower amid the lockdown could delay deliveries.




o

COVID impact: Millions of mom and pop store could go out of business, says retail body

Lockdown could see at least 20% of Indian retailers collapse or wind up their business in next few months. “Ever since the lockdown was imposed on 24th March, the Indian retail sector has lost a gigantic sum of approximately Rs 5.50 lakh crore in this period and is likely to witness at least 20% of Indian retailers collapse and wind up their businesses in the next few months,” CAIT said.




o

Retail sector loss reaches Rs 5.50 lakh cr in lockdown: CAIT

Following these challenging times, CAIT has urged the government to award a substantial package to traders to ensure their survival. COVID-19 has caused a huge dent in retail trade which will have a devastating effect on the whole country, CAIT Secretary-General Praveen Khandelwal said.




o

FMCG to apparel, discounts to make a comeback soon

Deals on grocery and FMCG had evaporated days before lockdown in March last week when panic buying had started.




o

Non essential e-commerce in the red even in green & orange zones

Ecommerce leaders including Amazon and Flipkart have been able to recover only one-fifth of their pre-Covid-19 demand even after they opened up sales of non-essentials across smaller towns and cities which fall under the Green and Orange zones, as per analysts and industry insiders.




o

Mall operators hurting, but divided over rental waivers

Large operators of malls such as Xander-backed Virtuous Retail, Select Group, Phoenix Group and Blackstone-backed Nexus have not waived rentals for their tenants.




o

Kishore Biyani may sell big Future Retail stake to Amazon

Kishore Biyani is planning to sell a massive stake to Amazon in an attempt to keep its crown jewel afloat.




o

CAIT flags traders' inability to pay full salary for April, seeks Goyal's intervention

"If such payments are made, the business of the traders will fall like anything and in absence of any inflow of money, such payments will be disastrous for the retail trade of the country and in turn will badly affect the economy," CAIT Secretary General Praveen Khandelwal said in the letter to Goyal.




o

Grooming products flying off E-commerce shelves

Demand for razors, epilators, trimmers and hair colour soars on ecomm platforms during the lockdown




o

JioMart wants you to buy small and buy often

Currently, owing to lockdown, JioMart is serving limited inventory. But everything is about to change.




o

Apparel, jewellery, electronic retailers to roll out store-on-wheels; launches virtual tour of stores

“The idea of store-on-wheels is that customers should not feel suffocated that they can’t go out and shop, and feel the same pleasure right at their doorsteps,” said Vishnu Prasad, managing director of Future Lifestyle Fashions that owns Central and Brand Factory.




o

Police in Madurai accused of using force against TASMAC shop protesters

Women complained that police had used lathis to beat protesting youth




o

Blood donation camp held

A total of 42 persons donated blood during a camp held at Swami Vivekananda Vidyamandir Senior Secondary School at Harveypatti here on Friday.Organise




o

Registrar (in-charge) to continue, says V-C

N. Sankar will continue as Registrar (in-charge) until the lockdown ends, said Madurai Kamaraj University Vice-Chancellor M. Krishnan. Mr. Sankar subm




o

23 discharged from GRH

A total of 23 people who were being treated for COVID-19 at Government Rajaji Hospital were discharged after testing negative here on Friday. There we




o

Protest against opening of liquor shops continue

For the second day on Friday, residents of Sellur in Madurai attempted to stop the opening of a liquor shop in their locality. However, the police cha




o

Vegetable shops inspected

Collector T. G. Vinay and Madurai Corporation Commissioner S. Visakan inspected the temporary vegetable shops set up at Fatima College ground here on




o

State’s decision to raise retirement age flayed

Government staff affiliated to Tamil Nadu Government Employees Association staged a demonstration in front of their offices here on Friday condemning




o

TASMAC shop in Sellur closed after protest by residents

The outlet is located close to a containment zone




o

Migrant workers’ protest resurfaces on KKNPP premises

The workers at the Kudankulam Nuclear Power Project are demanding that they be sent back to their hometowns in other States; stone pelting injured two police personnel




o

Fishermen in Cortez




o

Historic Spanish Point




o

Cracker horses and cattle




o

Xiaomi patents new smartphone with an under-screen camera

According to the patent discovered by LetsGoDigital, the device does not have a curved screen like the one from Xiaomi Mi 10. Instead, it will adopt a flat display




o

A game that helps you see the lockdown through the eyes of a daily wage worker

Survive COVID, a game launched by a Chennai NGO, challenges players to survive lockdown with fewer resources than they are used to




o

Honor 9X Pro coming to India on May 12

The smartphone is expected to cost between ₹15,000 - ₹20,000, which will be the company’s first smartphone to come pre-installed with latest AppGallery, sources reveal