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Muthoot Finance Rating: Retain ‘add’ with FV of Rs 900

A solid security and appreciating asset prices will augur well for Muthoot Finance’s stable asset quality performance during a period when most NBFCs have negligible visibility on their recoveries.




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Wipro to convert its Pune campus into Covid hospital

Wipro has signed a memorandum of understanding with the Maharashtra government under which it will repurpose one of its information technology campuses at Hinjewadi in Pune to a 450-bed intermediary care Covid-19 hospital in four weeks and hand it over to the state government by May 30.




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Covid-19: Over 200 companies in Pune industrial belt resume operations after curbs eased

Over 200 companies in Pune’s industrial belt of Chakan, Talegaon, Kurkumb, Baramati and Ranjangaon have resumed operations after restrictions were eased on Monday, even as the lockdown continues.




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Covid-19 effect: No wages for Gujarat diamond workers during lockdown

Despite the Gujarat government’s order to pay salaries to workers during lockdown period, lakhs of diamond artisans in Surat have not been paid their wages by their employers, said Diamond Workers Union – Gujarat.




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Ind-Ra places Shriram Transport Finance on Rating Watch Negative

India Ratings and Research (Ind-Ra) on Monday placed Shriram Transport Finance Company’s long-term issuer rating of ‘IND AA+’ on Rating Watch Negative (RWN).




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Cash market volumes hit a high as intra-day trades surge

The surge came at a time when the Nifty and Sensex gained 14.4% and 14.6%, respectively. Market experts say this could have been driven by intra-day trading.




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Resumption blues post COVID-19 lockdown: Factories grapple with shortage of workers, supply chain hurdles

Hobbled by a shortage of workers, companies are finding it hard to resume operations at an optimal scale and with migrants moving back home, it could be a while before factories hum with activity.




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Markets give up early gains; financials tank

A report by Jefferies shows that the benchmark Nifty in the last week of April had outperformed other global benchmarks such as Japan’s Nikkei 225, US’ S&P 500 and Hong Kong’s Hang Seng.




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Calcutta HC division bench allows MP Birla Group firms to publish AGM results

Significantly, this was the latest twist in the long battle over the will of Late Priyamvada Devi Birla being fought between the Birla family and the Lodhas.




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Weak business performance, elevated debt levels to impact credit metrics of sugar industry

The Covid-19 pandemic is expected to exert downward pressure on the credit quality of sugar mills by eroding operating profitability and shoring up debt in fiscal 2021.




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Covered for 12 months of payments: Adani Enterprises

Adani Enterprises (AEL), the parent company for the group’s airports and renewable energy businesses, is covered for 12 months of payments amid the lockdown-related economic disruptions, the management said.




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Analyst Corner: VBL – retain ‘buy’; may stay range-bound in near term

Varun Beverages (VBL) reported a strong growth in volumes, Ebitda and earnings during Q1CY20. This was, however, led by the acquired territories of south & west not there in the base.




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Analyst Corner: SBI Life – upgrade to ‘buy’ with fair value of Rs 1,000

SBI’s focus on the insurance business during a challenging year and SBI Life’s technology push to improve digital agent and client engagements remain crucial.




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Uttar Pradesh ushers in agri reforms, waives mandi tax for 46 fruits, veggies

This effectively eliminates the role of middlemen and allows farmers to sell their produce directly to consumers and traders outside the mandi yard.




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Onion auctions come to a halt at Lasalgaon as 3 test positive with COVID-19

Suvarna Jagtap, chairperson, Lasalgaon Agriculture Produce Market Committee (APMC), told FE that three cases of coronavirus were reported at Lasalgaon at a distance of 3 km from the main market yard.




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Analyst Corner: Maintain ‘buy’ on Kansai Nerolac; FV reduced to Rs 450

Lifting of the lockdown would release pent-up demand from incomplete repainting projects but we do not expect much new repainting work (especially in urban markets), nor a pick-up in fresh painting (construction activity).




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Networking forms the core of all future technologies: Jetking VP

And in this age of AL, ML and blockchain that are network-based technologies, networking has gained a lot of importance, says Siddarth Bharwani, VP, Brand & Marketing, Jetking Infotrain.




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COVID19: Can it impact your foreign study plans?

Ask yourself why did you decide on studying abroad?




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Home-work effect: Mobile data consumption jumps 25%, video crosses 60%

The telcos have also said the government should direct video streaming platforms  to offer only standard definition (SD) and not high definition (HD) content for the time being so as not to choke the bandwidth.  




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Delivery roadblocks: E-commerce players grapple with increased demand and more

Retail experts estimate that the current situation might wipe off 10% of e-commerce companies’ annual GMV in the country.




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How to work from home, explains Pradeep Chavda, HR director, Sodexo India

Making mindful choices might involve a bit more efforts, but it’s better than the hours spent running to work. Working from home, with right planning and efforts, can be as productive as working from office.




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Expansion of equalisation levy: Why it’s not well-timed

By expanding the scope of equalisation levy to cover foreign e-commerce platforms, India has rushed to incrementally cast its net wide insofar as the digital service user-base is concerned.




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COVID-19: Enforcing force majeure

Existing contracts will need careful analysis and strategies for renegotiation if needed.




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Techsplained: How Alexa, Siri, Google listen you to provide search results

As IBM Watson has been able to achieve some scale, the company believes that by putting the NLP technology in commercial use it will be able to expand its capabilities much further.




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Why your credit score may have dipped lately

The credit score algorithm now monitors your three-year credit history compared to the earlier two-year period. It also has new credit attributes along with other additional features.




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Moratorium on power charges: After Maharashtra, Uttar Pradesh to give relief to industrial consumers

The ongoing lockdown is seen to take a toll on the finances of the state-run discoms which are finding it difficult to continue meter reading exercises and collect payments from consumers. To make matters worse for discoms, their revenues are seen to decrease on account of lower usage by high paying consumers such as the railways, industrial and commercial users.




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Containing Covid-19: Nasscom CoE incubated startups show their mettle

While DronaMaps is helping map Covid-19 patients in Haryana and other states, Blinkin has provided remote tech support for installing air ventilation systems in two Wuhan hospitals




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Work from home: Digital tools are helping evolve a new work culture

Google Hangout, Microsoft Teams, Webex and Zoom are enabling businesses to create a collaborative work environment.




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Safety Matters: A look at some offbeat group video calling apps that score well on privacy

App Annie’s latest report highlights that Zoom is the most downloaded app on iOS amongst all users. But it has also put focus on privacy and security.




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Now streaming, more than ever: Netflix, Amazon, others need to up their game

OTT platforms see a surge in consumption and subscriber count, as viewers seek fresh content.




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Covid-19 expected to mar FY21 for airlines

Passenger traffic for carriers is expected to register de-growth of 20-25% in FY21, CARE Ratings has said.




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A longer lockdown? Here is what researchers have to say

A study by two India-origin researchers at the University of Cambridge, is based on the SIR approach, but takes into account age and social contact structure to assess the impact of the lockdown and social distancing measures adopted before it.




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Coronavirus Impact: How broadcasters are dealing with content shortfall

From playing the reruns of popular shows to using video conferencing tools to create content, broadcasters are using different methods to keep the audience entertained during lockdown




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COVID-19 lockdown: How national highways construction will take a hit

After a fiscal that saw the pace of work slowing down, a first for the NDA govt, FY21 is likely to be impacted by Covid-19 and its aftermath.




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Icra highlights exports uncertainty in Basmati business due to Covid-19

Going forward, price trends would be a function of demand. Both domestic and exports demand will be key determining factors affecting price trends.




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Indian Immunologicals, Griffith University of Australia developing vaccine against Covid-19

IIL is already working with Griffith University for conducting R&D of Zika virus vaccine which is currently at pre-clinical toxicology testing stage.




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Trai pulls up mobile operators over extension of validity

Trai on March 29 had asked all the telecom operators to extend the validity of talk-time of their pre-paid subscribers so that they continue to get uninterrupted services.




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Instagram Live: Make your ‘Live’ totally engaging

Instagram Live allows users to stream video to followers and engage with them in real time. Here are some cool tips to make your quarantine a little more interesting.




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Sennheiser PXC 550-II headphones: Now travel with superior audio

The PXC 550-II Wireless features a triple microphone array that makes it easy to stay connected while on the move.




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Business & COVID-19: Public cloud to the rescue

This is the most crucial time to leverage the power of exponential technologies, especially cloud. Any organisation that is still in two-minds about moving to the cloud; needs to embark on a cloud adoption process immediately.




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Eavesdropper: Racing will hold its charm intact

E-sports is gaining ground, now is the time to bring tech innovations.




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Techsplained @FE: Over the cloud

Now, companies like IBM are talking about cognitive clouds that can change the nature of computing. Data analysis was always a feature of cloud computing; now, the game is artificial intelligence and blockchain.




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Covid-19 effect: Content production companies stare at large losses

OTT platforms do have a buffer in their libraries but delayed production schedules will hit revenues.




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CSIR-CCMB developing digital platform to help in surveillance of coronavirus spread

CCMB and Institute of Genomics and Integrative Biology (IGIB), New Delhi are working together on the whole genome sequencing of the SARS-CoV-2 virus isolates which will help them to understand the evolution of the virus and its spread route.




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Solar tariff of Rs 2.55 per unit discovered in latest auction

The auction had received a positive response from investors with NHPC receiving bids of 3,540 MW for the tender. This is a shift from the recent trend of tenders being under-subscribed.




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IT jobs during Covid-19 times

Sectors such as healthcare, pharmaceuticals, grocery and warehouses would call for additional talent with new skill-sets.




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Covid-19 could hardly dent the earnings of Darjeeling first flush

West Bengal chief minister Mamata Banerjee has allowed resuming operations in the gardens of Darjeeling, Doars and Terai with a workforce of 25%.




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How Edge computing is fast becoming a base for most IoT devices

Edge computing is the way forward, but are we ready to surrender control to corporations.




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Interview: Covid-19 pandemic will accelerate digitalisation, says Anjali Bansal, founder, Avaana Capital

Startups must maintain their financial health by conserving cash, cutting down on costs and renegotiating their existing contracts.




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Covid-19 and highway sector: Take the highway to recovery

Easing financial burden, preventing project failures and protecting jobs are a must if sector’s to preserve its health.