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India lose top spot in ICC Test rankings to Australia

India lost the top spot in the ICC Test rankings to Australia on Friday, dropping to third after their stupendous 2016-17 record was eliminated from the annual update as per rules.




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Discus thrower Sandeep Kumari gets 4-year ban for dope flunk

Not only Kumari's but samples of four other Indians, including 2017 Asian champion quarter-miler Nirmala Sheoran's had returned negative at NDTL but were found positive when tested in Montreal. Jhuma Khatun, one of them, was also handed a four-year ban, last month.




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Baseline Ventures signs India’s under-19 cricket captain Priyam Garg

The multi-year deal will see Baseline managing all the commercial interests of Garg. Born in Meerut, UP, Garg made his first-class debut against Goa in 2018 where he went on to score an unbeaten 117. He recently led the Under-19 Indian team at the World Cup in South Africa where they finished runners-up.




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Tendulkar provides financial support to 4,000 underprivileged people

Tendulkar made the donation to the Hi5 Foundation, a non-profit organisation based out of Mumbai.




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Gold price gains as poor macro data hit risk sentiments

Spot gold markets remained shut due to the lockdown to prevent the spread of coronavirus, according to HDFC Securities.




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Palm oil rises on lower Indonesian inventories; set to post weekly loss

Palm oil has ended lower for the past three sessions, and has lost 5% so far this week.




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Commodity outlook: Energy counters slip; here's how others may fare

Here is how SMC Global expects commodities to fare today:




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Base metals: Copper, nickel futures climb on fresh bets

Copper prices on Friday traded 0.48 per cent higher at Rs 408.75 per kg in futures market.




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Oil set for a second weekly gain on demand hopes, output shut-ins

US West Texas Intermediate (WTI) crude gained 59 cents, or 2.5 per cent, to $24.14 a barrel.




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Oil crash busted broker’s computers and inflicted big losses

What he didn’t know was oil’s first trip into negative pricing had broken Interactive Brokers Group Inc.




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Assam hikes liquor prices by 25 per cent

Assam cabinet held its meeting on Friday through video conferencing. Assam Industries and Commerce Minister Chandra Mohan Patowary said the 25 per cent hike will add Rs 1000 crore to the government's kitty.




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New York experiences beyond the Big Apple

The iconic Statue of Liberty. Image courtesy - iStock Welcome to the Empire State, otherwise known as New York. The state is home to profound experiences wi...




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Comic commerce: What fuels the mini economy of vintage Indian comic books

Comic book buffs have created a mini-economy where collectors are willing to pony up big sums for rare editions.




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Amazon says focus on original content to light up FireStick sales

Amazon Fire TV Stick is a content streaming device that plugs into an HDTV and lets customers access Prime Video and other OTT services such as Netflix and Hotstar.




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Toonz aqcuire majority stake in Telegael

The deal between India-based Toonz and Ireland’s Telegael brings many strategic synergies, making this a complementary venture for both companies.




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Brains behind idiot box: A quick look at the history of television

The first public demonstration of colour TV broadcast happened this week 90 years ago, setting the foundation for a major change in the way audio-visual media is consumed.




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There is a big misconception that single women aren’t contented: Journalist Kalpana Sharma

In a telephonic interview Mumbai-based Sharma talks about her own experiences as a single woman and what has changed for single women over the years and what hasn’t.




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For the love of chicken & mutton biryani: How political gatherings helped caterers grow big

Tamil Nadu’s love for biryani probably stems from the state’s love of rice.




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From Baati to Baqarkhani: The art of making roti

The chapati recently made an appearance in NYT Cooking as an unleavened curiosity in a world overrun with fluffed-up delights. It may be the most common way in which north Indian homes make their daily bread but there is more to it than simply roasting it on a hot iron tawa.




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Target to recoup lost deposits by year end: Prashant Kumar

"After the moratorium, it was expected that there would be outflows."




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Investors lapping up consumer, insurance, pharma & telecom stocks due to earnings certainty: ASK Investment

‘Investors focusing on predictability, sustainability and better quality businesses’




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States to which migrant labourers are returning must use this to attract investment: Vikram Kirloskar

'Moratorium will probably have to get extended in a lot of cases.'




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Positive on market from a 18-24 months perspective: HDFC Life Insurance

‘Don’t sell but use dips in the market to deploy money’




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Expect RIL to conduct stake sale of up to 20%: Edelweiss Securities

‘The debt will come down even further if fibre InvIT and Aramco sale happens’




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Residential real estate strongly poised for a bounce back: Godrej Properties

‘Industry leaders would benefit from both the demand revival as well as consolidation.’




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Enter market only from a 3-5 years’ perspective: Angel Broking

‘Focus on more essential services and rural-focussed stocks’




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If you think way to normalisation will be very short, that's a mistake: Lakefield Partners

'Investors are hoping that we will go back to normal, as it was before corona'.




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RBI allows 24x7 forex mkt ops via select banks

select banks in India can offer forex rates to Indian clients beyond the inter-bank market hours




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Forex kitty sees first drop in 6 months to $481.89 billion

The last time forex reserves declined was in the week to September 20, 2019, when it had fallen by $388 million to $428.58 billion.




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A falling yen may not be the economic cure Japan seeks

The yen, which investors typically snap up as a safe haven in times of financial market stress, fell nearly 10% against the dollar this month, as pandemic fears spurred a stampede into the refuge of the world's most powerful currency.




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Rupee cuts losses to end flat at 76.27 as dollar weakens

Forex traders said the rupee is trading in a narrow range as losses in the greenback supported the rupee, while weak domestic equities weighed on the local unit.




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Covid-19 Impact: Demand for data centers surge as remote working catches up

The emergence of new business environment in the wake of Covid-19 is expected to boost cloud services and digitisation as companies overhaul their digital infrastructure to deal with new ways of working, they said.




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Investments in construction projects may drop by 30 pc in FY20 if lockdown extends till June

According to the consulting firm KPMG, in comparison to the economic crisis of 2008, the government now has limited options to undertake corrective interventions owing to the financial stress which was already prevalent in the pre-COVID-19 period.




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Vande Bharat Mission: Authorities seek hotel rooms across the country

Hotels newly earmarked in Delhi include the Taj Palace Hotel, Shangri-La’s Eros Hotel and Le Meridien, according to people aware of the matter.




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Delhi govt issues 4.75 lakh e-tokens to buy liquor

Under the e-token system, customers are given specific time for purchasing alcohol so that there is no violation of social distancing norms by people queuing up outside liquor stores.




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Realtors body Credai reports 40-50% hike in cement, steel prices; alleges cartelisation

Realtors' apex body Credai on Saturday said cement and steel rates have increased by 40-50 per cent in last few weeks despite the lockdown and alleged price cartelisation and unfair trade practices by the manufacturers.




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Karnataka government conditionally permits garment units to operate in red zones

The government had recently allowed certain industrial activities other than in the containment zones to operate, while relaxing the COVID-19 induced lockdown in the state.




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Kalyan Jewellers to open 10 showrooms in green zones of Karnataka, Odisha, Assam and Puducherry

The company has already started operations in the Middle East, with the re-opening of 9 standalone showrooms in UAE and 3 showrooms in Qatar on the occasion of Akshaya Tritiya. Kalyan Jewellers will be following the highest level of safety and precautionary measures across operational showrooms, to safeguard the health and safety of both customers and staff alike.




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How states like Bihar and Odisha can leverage Covid into an opportunity

The disruption caused by the coronavirus pandemic could be one such tipping point, provided the states that supply much of the migrant labour have the foresight and political will to reform their industrial environment. It is evident from many accounts that many migrant workers who have fled to their home states will not return.




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Railways ferried over 2.5 lakh people stranded during lockdown in 222 special trains: MHA

​​Addressing a press conference, MHA Joint Secretary Punya Salila Srivastava said the government intends to give relaxations to people within the lockdown guidelines. These trains are part of this endeavour, she said.




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3.4 lakh workers ferried in 302 Shramik trains since May 1

Shramik special trains were run from May 1 on the request of different state governments. The railways has suspended passenger, mail and express trains to combat the spread of novel coronavirus (Covid-19) since March 24.




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5G spectrum price suggested by DoT too high: Finance Ministry task force

The task force, in a report released on Thursday, acknowledged stress in the telecom sector and said the Supreme Court judgement mandating companies to pay around Rs 1.35 lakh crore has placed some operators in a "precarious position" due to the short period of time in which they have to meet their liabilities.




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Govt panel seeks review of 5G spectrum base price

The task force has also called for a revamp of financing models for infrastructure and backed a return of development financial institutions, such as IDBI and IFCI, albeit with a sectoral focus. It has argued that banks and NBFCs are unable to meet the massive funding requirement and face several challenges, which is turning the clock back by close to two decades.




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DPIIT asks telecom dept, BSNL to hold Rs 9,000 cr worth tender following allegations of anomalies

The tender was floated by BSNL in March under the new management for setting up 4G network. This was the first tender issued by the telecom PSU after the government announced Rs 68,751 crore relief package for BSNL and MTNL in October 2019.




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Telcos back 50 paise/spam SMS regime

TRAI had said that despite the higher charge on SMS, the complaints of UCC were on a rise and thus the regime for charging for SMSes should be brought under forbearance. In 2018, TRAI had mandated telcos to adopt distributed ledger technology (DLT) with ‘permissioned and private DLT networks’ where only identified and registered users can participate.




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Bharti Airtel, Vodafone Idea take steps to offer relief to Covid-hit MSMEs

Besides rental waivers on select plans for micro, small and medium enterprises, the telcos will help manage their bandwidth needs and offer customised digital tools to boost their web presence.




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No more extension of tariff relief to migrant workers: Telcos

Within a week of the announcement of lockdown from March 25, telcos had extended the prepaid validity of their low-income subscribers till April 17 and further to May 3 on subsequent announcement of lockdown extension. Airtel and Vodafone Idea also credited Rs 10 talk time credit to such users whereas Jio gave 100 minutes of free talk time and 100 text messages to all its users.




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Vista Equity Partners to invest Rs 11,367 crore in Jio platforms for 2.32% stake

PE firm Vista Equity to invest Rs 11,367 crore in Jio Platforms after Facebook and Silver Lake.




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Mukesh Ambani isn't letting a lockdown derail his plans of tech-domination

Mukesh Ambani just sealed three deals in as many weeks to raise a combined $8 billion. And he isn't done yet.




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Saudi, American firms eye stakes in Reliance's Jio

Three deals in three weeks injected a combined $8 billion in the group and help it pare its debt.