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IRCTC IPO to open on September 30

Price band is Rs 315-320 per share




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Ujjivan Small Finance Bank IPO gets strong demand

Receives bids for 2053.80 crore shares




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How Math Helps Fight Epidemics Like Zika

When an epidemic such as Zika threatens to sweep across the country, public-health workers and policy makers need some basic information in order to plan a strategic response to make the best use of limited resources to protect the public from the spread of the disease. Enter the mathematicians and statisticians.




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Economists’ Enemy: Residual Seasonality

When seasonally adjusted numbers continue to exhibit the influences of seasonal effects, much as first-quarter readings on gross domestic product have regularly been doing, statisticians refer to it as residual seasonality. And that effect hampers seasoned economists from making clear-eyed judgments on the strength of the economy.




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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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IRB Infra to sign concession agreement on Zozila pass by March

The scope of the project includes constructing approaches on NH-1 (Srinagar-Sonmarg-Gumri Road) on design, build, finance, operate and transfer (annuity) basis




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Infra woes mar Mumbai's chance to emerge as global financial hub

However, experts believe Mumbai for all practical purposes is already an International Financial Centre




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Single-table system to clear investment proposals faster: Shivraj Singh Chouhan

Interview with Chief Minister, Madhya Pradesh




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India-Australia semi most watched match in ICC WC 2015

A record 309 mn Indians tuned in to watch India's semi-final clash with Australia




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Firms Facing Hurdles In Movement Of Workers And Raw Materials In Commencing Operations: CII survey

The CII survey indicates that permits for enterprises, passes for workers and supply chain movement are the key hurdles for industry in exit from lockdown. For facilitating restart of economic activities, CII has suggested that in non-containment zones, businesses should be allowed to function without requirement of permits and only through intimation to local authorities. While state governments have mostly clearly communicated restart guidelines to businesses, firms are facing hurdles in movement of workers and raw materials in commencing operations. These are the findings of a nation-wide survey conducted by the Confederation of Indian Industry (CII).




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Procurement Of Wheat Progressing At Very Fast Pace In All Major States

Powered by Capital Market - Live News




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RBI Employees contribute ₹7.30 crore to PM CARES Fund

The employees of the Reserve Bank have decided to contribute one or more day's salary to the PM CARES Fund, in response to the call to support during the emergency situation. The total contribution from the employees amounting to ₹7.30 crore is being remitted to the PM CARES Fund. The COVID-19 pandemic and the related dislocation in normal economic activity has severely affected the economically weaker sections of the society and their means of livelihood. To help the people affected by any kind of emergency or distress situation, like the one posed by the COVID-19 pandemic, Government of India has set up a public charitable trust named Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to receive contributions from various sources.




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Ministry of Chemicals and Fertilizers Reports Record Fertilizer Sales During Lockdown

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India's Gold Demand Tanks 36% In March Quarter

Powered by Capital Market - Live News




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Employees of EPFO contribute Rs 2.5 crore to PM CARES fund

The employees of Employees Provident Fund Organization (EPFO) have come forward to support the Government's initiative in combating national crisis of COVID-19 pandemic and voluntarily contributed one day's salary- amounting to around Rs. 2.5 crore to the PM CARES Fund. EPFO, as one of World's largest Social Security Organizations, stands committed in the service of the nation in every possible way. The COVID-19, declared as a pandemic by the World Health Organization, has posed serious challenges for the health and economic security of millions of Indians. Government of India has set up a public charitable trust under the name of 'Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund' (PM CARES Fund) with the primary objective of dealing with any kind of emergency or distress situation. Officers and staff of EPFO are also contributing by putting in extra efforts for providing relief by expeditiously processing EPF withdrawal claims including COVID claims under




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Government Contemplating Policy On Import Substitution In The Wake Of New Economic Situation Created By COVID-19 Pandemic: Nitin Gadkari

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.




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Food grain procurement picks up pace amid lockdown

The procurement of wheat and rice (second crop) during the ongoing Rabi season has picked up pace despite severe logistical constraints posed due to the countrywide lockdown. Against the target of 400 Lakh Metric Tonnes (LMT) of wheat, procurement for central pool has touched 216 LMT upto 06.05.20. It is particularly heartening since procurement in major wheat procuring states like Punjab, Haryana and Madhya Pradesh had started only after 15th April. Similarly paddy procurement is also going on smoothly with 44.9 LMT paddy procured so far by the government agencies.




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Women: Now Is The Time To Plan For Retirement

Some women may avoid planning for retirement or handling the family's investments but now is the time to get engaged, says Susan Hirshman, president of SHE Ltd.




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Hexaware Technologies launches KareRing, a cloud based quarantine zone management solution

KareRing adheres to standards like data encryption. Advanced tracking technology increases accuracy by using other sensory data. The app leverages AI-powered global identity verification to authenticate users' identity before onboarding them and uses data analytics and intelligence techniques to visualize user data. An inbuilt, WHO-compliant bot is used for user self-health assessment. The app has also an added functionality for healthcare organizations to evaluate the efficacy of the vaccine under trial.




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R Systems International consolidated net profit declines 23.02% in the March 2020 quarter

Sales rise 6.60% to Rs 209.26 crore




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BASF India receives demand notice from Commercial Tax Department, Karnataka

The company has now received demand notice for the further period i.e. 2013-14 from the Commercial Tax Department, Karnataka aggregating to Rs. 85.19 crores (including interest & penalty) by treating the stock transfers of its Mangalore Plant as interstate sales to dealers.




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K C P resumes operations at engineering unit and cement production unit

Powered by Capital Market - Live News




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Shree Cement consolidated net profit rises 57.60% in the March 2020 quarter

Sales decline 2.13% to Rs 3415.14 crore




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Assembly Elections 2016: Exit polls show Mamata may buck anti-incumbency trend

Most exit polls see loss for Jaya; Assam for BJP; left turn for Kerala




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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 polls: Counting of votes begins

Counting is progressing in 68 centres across the state




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Tamil Nadu Assembly polls: AIADMK leads in 5 seats, DMK in 2

AIADMK was leading in Mayiladuthurai, Poompuhar, Sankari, Udhagamandalam and Athur, the EC said




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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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As counting starts for Tamil Nadu Assembly polls, Sun TV stock price down by 8.08%

Sun TV is promoted by DMK chief M Karunanidhi's grand-nephew Kalanithi Maran




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Tamil Nadu Assembly polls: BJP state chief trails

According to latest trends, Soundararajan was in the third position behind the candidates of DMK and AIADMK




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Tamil Nadu Assembly polls: 5 factors that likely worked against the DMK

The party was expecting a victory against the All India Anna Dravida Munnetra Kazhagam (AIADMK) and the exit polls boosted this confidence




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Who got Assembly elections exit polls right this time?

Results' trends suggest that the pollsters have again failed to predict the outcome of Assembly polls in Tamil Nadu, West Bengal, Kerala, and Assam




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Assembly Elections 2016: 5 stars who made a difference

A look at key faces who helped their parties cross the finish line




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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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State Assembly polls: Income, assets and criminal records of ministers

Kerala's ministers had least average assets and the state also had least number of crorepati ministers




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EC cancels polls to two Tamil Nadu Assembly seats

It usually only takes such a harsh step when there is evidence that muscle power has been used




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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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Benchmarks near day's high; RIL in demand

The domestic equity barometers traded near the day's high in morning trade. The Nifty was trading above the 9300 mark. Buying in index major Reliance Industries (RIL) pushed the benchmarks higher. At 10:29 IST, the barometer index, the S&P BSE Sensex, was up 441.29 points or 1.40% at 31,884.67. The Nifty 50 index rose 122.10 points or 1.33% at 9,321.15.




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Shares extend gains; pharma stocks in demand

Key benchmarks extended gains in mid-morning trade. The Nifty was trading above the 9300 mark. At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 494.49 points or 1.57% at 31,937.87. The Nifty 50 index rose 137.15 points or 1.49% at 9,336.20.




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Kim Jong Un Re-Emerges, Strolling and Smoking

State-media footage shows North Korean leader Kim Jong Un cutting the ribbon at a fertilizer factory, ending a nearly three-week absence from public view that fueled rumors of his death. Photo: KRT/Associated Press




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HDFC Asset Management Company standalone net profit declines 9.54% in the March 2020 quarter

Sales decline 2.13% to Rs 476.13 crore




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Shree Cement Q4 PAT jumps 58% YoY to Rs 535 cr

On a consolidated basis, Shree Cement's net profit jumped 57.6% to Rs 535.93 crore on 2.1% decline in net sales to Rs 3,415.14 crore in Q4 March 2020 over Q4 March 2019.




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Nepal detains 45 stranded Chinese after demo turns violent

Nepal police on Friday arrested 45 Chinese nationals stranded in the country because of coronavirus restrictions after a protest turned violent, authorities said. Holding placards such as "I want to go home!" they attempted to push towards a prohibited zone near the prime minister's office in Kathmandu. Some police as well as demonstrators were injured after police used batons to stop them and the protesters threw stones. "They may face charges of protesting in the restricted zone and violating the lockdown under existing laws," police spokeswoman Kiran Bajracharya told AFP. Nepal suspended international flights on March 22 as part of precautionary measures against the spread of the coronavirus, and remain so until at least May 31. While several countries, including the US, the UK, Australia and France have chartered evacuation flights for their citizens in Nepal, no official flights have been made to rescue stranded Chinese nationals.




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Democratic senators introduce bill to give another monthly payment to Americans hit by COVID-19

Arguing that a one-time payment of USD 1,200 to most of the Americans during the coronavirus outbreak is not enough, three top Democratic senators introduced a legislation on Friday to provide a recurring USD-2,000 monthly check to those struggling to make ends meet during the COVID-19 pandemic. The Monthly Economic Crisis Support Act, introduced by former presidential candidate Senator Bernie Sanders, Indian-origin Senator Kamala Harris and Senator Ed Markey, proposes to provide a monthly USD-2,000 check to every individual with an income below USD 120,000 throughout and for three months following the coronavirus pandemic. According to the proposal, married couples who file jointly would receive USD 4,000; USD 2,000 per child up to three children and it would be implemented retroactively from March. The coronavirus pandemic has caused millions to struggle to pay the bills or feed their families, Harris said. The previous CARES Act, she argued, gave Americans an important one-time ...




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Trump utterly failed to prepare for COVID-19 pandemic: Biden

Democratic Party's presumptive presidential nominee and former US vice president Joe Biden alleged on Friday that President Donald Trump utterly failed to prepare for the COVID-19 pandemic and said his entire economic strategy is focussed on helping the wealthy and big corporations. Referring to the record 2.05 crore jobs lost in April alone, resulting in an unprecedented unemployment rate of 14.7 per cent now -- the highest since the Great Depression -- Biden, in a major policy speech, said it is an economic disaster, worse than any in decades, and it was made all the more worse because it did not have to be this way. "Donald Trump utterly failed to prepare for this pandemic and delayed in taking the necessary steps to safeguard our nation against the near-worst-case economic scenario we are now living in," he said in his remarks on "Trump's Disastrous Economy". COVID-19 caused a massive economic challenge, but the crisis hit the US harder and will last longer because Trump spent the




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Emergency coffin shipments arriving in Brazil

A funeral home business leader for Brazil's state that covers much of the Amazon region says emergency coffin shipments have started to arrive for people who have died of COVID-19. Manuel Viana is president of the Amazonas Union of Funeral Companies and said Friday that more than 500 coffins were delivered by ship to Manaus, the largest city in Amazonas state. He says hundreds more are on the way and will be distributed in Manaus and other cities in the region. Manaus is one of the hardest hit Brazilian cities for coronavirus deaths and Viana says there are predictions that the city of more than 2 million could have more than 4,300 deaths in May. A Johns Hopkins University count says there have been more than 10,000 COVID-19 deaths so far in Latin America's largest and most populous country. A Brazil funeral home association last week requested an airlift of coffins to Manaus.




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Stuck on cruise ships during pandemic, crews beg to go home

Carolina Vasquez lost track of days and nights, unable to see the sunlight while stuck for two weeks in a windowless cruise ship cabin as a fever took hold of her body. On the worst night of her encounter with COVID-19, the Chilean woman, a line cook on the Greg Mortimer ship, summoned the strength to take a cold shower fearing the worst: losing consciousness while isolated from others. Vasquez, 36, and tens of thousands of other crew members have been trapped for weeks aboard dozens of cruise ships around the world long after governments and cruise lines negotiated their passengers' disembarkation. Some have gotten ill and died; others have survived but are no longer getting paid. Both national and local governments have stopped crews from disembarking in order to prevent new cases of COVID-19 in their territories. Some of the ships, including 20 in US waters, have seen infections and deaths among the crew. But most ships have had no confirmed cases. "I never thought this would turn




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NASCAR's empty-oval return means lost races at three tracks

American stock car auto racing's comeback later this month from the coronavirus pandemic will cost three tracks their 2020 season races with more schedule adjustments coming soon. That was the word Friday from the National Association for Stock Car Auto Racing (NASCAR), the closed-cockpit series that is the most popular form of US auto racing. Races at Sonoma, California; Joliet, Illinois and Richmond, Virginia were named those moved to ovals without spectators this month to jumpstart the US revival of sport in the wake of the coronavirus pandemic shutdown. Sonoma Raceway officials said the road course tried to find a new date to replace June 14 but couldn't "given the ongoing uncertainty around large events in California." It will be staged instead on May 27 at Charlotte Motor Speedway, which will host a regularly scheduled race three days earlier in what will essentially be made-for-television events. A planned June 21 race at Chicagoland will be the May 17 comeback event at ...




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NBA teams start to reopen, as testing plan begins emerging

The NBA took tiny steps toward a return to normalcy, as a small number of practice facilities reopened for workouts and at least one team received permission from the league to test players and staff for the coronavirus. Meanwhile, NBA Commissioner Adam Silver took part in a teleconference with members of the National Basketball Players Association on Friday night. Silver, according to a person familiar with the call's details, told players that the league is still aiming to hold full best-of-seven playoff series should the season resume and that playing without fans is an obvious possibility. Silver also spoke about the well-known notion of having the season resume in a centralized location, though cautioned that no decisions may be made for another several weeks, according to the person who spoke to The Associated Press on condition of anonymity because details of the call were not publicly released. Cleveland and Portland were open for players who wanted to get voluntary workouts ..




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Temuera Morrison to play Boba Fett in 'The Mandalorian' S2

Temuera Morrison will be making a return to the "Star Wars" universe as the actor is set to play Boba Fett in the second season of Disney Plus series "The Mandalorian". Morrison, 59, had earlier played the role of Jango Fett, the father of Boba Fett, in George Lucas' 2002 movie"Star Wars: Attack of the Clones". Boba Fett is a famed bounty hunter who first appeared on the big screen in 1980's"Star Wars: The Empire Strikes Back" and later in "Return of the Jedi". Jeremy Bulloch had essayed the role in the original films. According to The Hollywood Reporter, Morrison will have a small role as Boba Fett. The character also had a cameo appearance in the first season of "The Mandalorian". The show takes place after the events of "Return of the Jedi",in which fans saw Boba Fett die in sarlacc pit. "The Mandalorian" is set after the fall of the Empire and before the emergence of the First Order. The series depicts a lone bounty hunter in the outer reaches of the galaxy far from the authority .