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Mukesh Ambani to Forego Salary, RIL Board Members to Take Pay Cut amid Coronavirus Pandemic

In a letter to employees dated April 29, Reliance Industries' executive director Hital R. Meswani stated that Ambani will forego his entire compensation.




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Infra Funding Requirement Pegged at Rs 111 Lakh Crore During 2020-25: Finance Ministry

The final report of the task force on NIP for 2019-2025 suggested steps like deepening bond markets, setting up of development financial institutions and land monetisation to meet the funding needs,




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Nitin Gadkari Launches Portal for Innovative MSME Ideas

The 'MSME Bank of Ideas, Innovation and Research' portal was launched via video-conference. Registered users on the portal can share ideas, innovation and research, which will be reviewed by the officer concerned.




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NIP Task Force Calls for Boosting Private Investment in Highways at Rs 20.33 Lakh Crore by 2025

The ministry constructed 10,855 km of national highways against the targeted 16,420 km in fiscal 2019, with an average daily construction rate of about 30 km.




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Reliance to Hive off $75 Billion O2C Business into Separate Unit for Sale to Aramco

O2C undertaking of the company comprises entire oil-to-chemicals business of the company consisting of refining, petrochemicals, fuel retail and aviation fuel (majority interest only) and bulk wholesale marketing businesses together with its assets and liabilities.




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PM Meets FM, Home Minister to Discuss 2nd Economic Stimulus Package for Affected Sectors

PM Narendra Modi, who held discussions with Amit Shah and Nirmala Sitharaman, on Friday held meetings with different ministries including civil aviation, labour and power.




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As Moneycontrol Pro Turns 1, A Note to Readers from The Opinion Team

It is now, more than ever, that investors need credible and timely information that will allow them to take decisions in the midst of extraordinary uncertainty.




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Foreign Investors Keen To De-risk China Businesses, India Should Seize Opportunity: BJP Leader

Asked about the reluctance of lenders to extend advances to small and medium enterprises, Panda said banks are "afraid" of increasing their lending to businesses despite several policy rate cuts by the Reserve Bank of India.




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Nifty, Sensex Slump as Govt Extends Coronavirus Lockdown; HDFC Bank Slides

The NSE Nifty 50 index was down 4.25% at 9,448.15, while the S&P BSE Sensex was 4.34% lower at 32,260.30.




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Nifty Falls over 4 Percent; 'Marriage Call' Option Can Cushion Damage

As prices face the 50-day moving average, trading it on the higher side in one move is difficult and some retracement is very likely.




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ITC Faces Union Backlash Over Coronavirus Work Warnings to Employees

While ITC had so far not taken any action against workers, the company notices said "absence without leave" would lead to salary cuts and "disciplinary action", without elaborating.




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IRDAI Sets up Panel to Draft Standard Professional Indemnity Policy for Insurance Intermediaries

Professional indemnity policy offers protection to professionals against potential claims for injury or loss resulting from their advice action for failure to fulfil their duties.




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India Firms up Plan to Lure Companies Who May Leave China Post-Covid: Report

The PM’s Office, Niti Aayog and the Department for Promotion of Industry and Internal Trade are firming up a plan to offer incentives in order to attract companies looking to shift manufacturing units out of China.




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Sensex Jumps Over 500 Points in Opening Trade; Nifty Tops 9,400

ONGC was the top gainer in the Sensex pack, rallying over 5 per cent, followed by M&M, Bharti Airtel, IndusInd Bank, ICICI Bank, PowerGrid and Tech Mahindra.




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Commerce Ministry Recommends Continuation of Anti-dumping Duty on Chinese Chemical

Imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime. India and China are members of this Geneva-based organisation, which deals with global trade norms.




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GSTN Develops Functionality for Transfer of Amount Available in Electronic Cash Ledger

Form GST PMT-09 provides flexibility to taxpayers to make multiple transfers from more than one head (major or minor) to another head (major or minor) and helps with the intra-head or inter-head transfer of amount available in electronic cash ledger.




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Sensex Drops Over 200 Points in Early Trade, Nifty Below 9,200 Amid Covid-19 Concerns

ITC was the top loser in the Sensex pack, tanking nearly 6 per cent, followed by Axis Bank, Titan, Bajaj Auto, Maruti, M&M, L&T and IndusInd Bank.




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Sensex, Nifty Slip as Coronavirus Cases Jump; Hindustan Unilever Drops

Indian stocks slid on Thursday, with declines led by banks and Hindustan Unilever, as coronavirus cases in the country crossed 50,000 despite a strict weeks-long lockdown.




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Britain's GlaxoSmithKline to Sell Entire Stake in Hindustan Unilever for Rs 254.8 Billion

GSK has agreed to sell its entire stake in Unilever's Indian business for about 254.8 billion rupees ($3.35 billion) on the open market, cashing in late from the sale of the Horlicks brand.




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India to Send Investment Pitches to More Than 1,000 American Companies to Relocate From China: Report

India is prioritizing medical equipment suppliers, food processing units, textiles, leather and auto part makers among more than 550 products covered in the discussions.




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SBI Cuts Benchmark Lending Rate by 15 Basic Points, New Special Deposit Scheme For Senior Citizens

Under this new product, an additional 30 basis points premium will be payable for senior citizen's retail term deposits with "5 Years & above" tenor only.




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Sensex Drops 242 Points, Nifty Gives up 9,200-mark amid Coronavirus Pandemic

ONGC was the top loser in the Sensex pack, slumping over 4 per cent, followed by NTPC, Kotak Bank, Titan, Bharti Airtel and PowerGrid.




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MSME Sector on Verge of Collapse, Says Nitin Gadkari; Urges Industries to Clear Outstanding Dues

The minister also noted that the pendency of dues owed to MSME units by the central government, state governments, public sector undertakings and major industries was "very high".




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Sebi Asks Franklin Templeton Mutual Fund to Focus on Returning Investors' Rs 25,000 Crore at Earliest

Sebi also said 'some mutual fund schemes' continued to invest in high risk and 'opaque' debt securities despite the regulatory framework having been amended for safeguarding investors' interest.




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Public Sector Banks Sanctioned Rs 5.66 Lakh Crore Loans during March-April: Nirmala Sitharaman

She further said that state-owned banks implemented the moratorium announced by the RBI on repayment of loans.




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Asia Stocks Poised to Rise as Upbeat Earnings Trump Jobs Gloom

The upbeat sentiment follows gains of over 1% in main U.S. and European stock indexes on Thursday.




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Cognizant Q1 Net Falls 16.7% to $367 Million; Sees Challenging Demand Environment in 2020

Cognizant follows January-December as financial year. Its net profit was at USD 441 million in the March 2019 quarter.




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Here's All You Need to Know About Sovereign Gold Bond Scheme Opening on Monday

While the first instalment of the SGB 2020-21 series was open for subscription from April 20 to 24, the current issue will be open from May 11 to May 15.




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Taylor Fritz, Addison Rae Win Glitchy Mario Tennis Charity Tournament

Taylor Fritz and Addison Rae beat Kei Nishikori and DJ Steve Aoki in the final of the Mario tennis charity tournament.




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Armand Duplantis, Renaud Lavillenie Split Gold in Backyard Pole-vaulting

Armand Duplantis and Renaud Lavillenie shared the honours in the Ultimate Garden Clash.




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Singles Only, Don't Share Tennis Balls, No Handshakes: Austrians Return to Tennis Court

Tennis is one of several social-distancing-compatible sports the Austrian government has allowed to resume as they ease the Covid-19 lockdown.




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Relief for Anirban Lahiri, Gets Exemption For Next Season In PGA Tour

PGA Tour decided to ensure status for all players, exempt in 2019-20, to retain their status for 2020-21, too.




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'My Mother is Still Complaining' Leander Paes Reveals Outcome of #FryingPanChallenge

Leander Paes revealed that his mother was not to happy with his viral challenge that took social media by storm.




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Novak Djokovic May Have Broken Covid-19 Lockdown Rules in Spain by Returning to Tennis Court

Novak Djokovic posted a video showing him exchanging shots with another man at clay court in the coastal city of Marbella.




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Egyptian Tennis Player Follows Brother in Receiving Life Ban

Egypt's Youssef Hossam received life ban for match-fixing and his brother has got the same two years ago for corruption.




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Returning Before US Open Amid Coronavirus Pandemic is 'Unrealistic', Says Taylor Fritz

Taylor Fritz said that the tennis authorities are looking to stage the US Open but he was unsure if they will be able to do that.




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Tennis Plans Coronavirus-related Financial Fund: 800 Players, $6 Million

Money though the Player Relief Programme, run by ATP, WTA, Grand Slam organisers and ITF, will be divided equally among men and women.




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Sports Ministry Invites Nominations for National Sports Awards Through E-mail

The nomination inviting process usually begins in April but was pushed back due to Covid-19 lockdown and now, the final date of submission has been fixed at June 3.




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National Rugby League Reaches Tentative Pay Deal, Training Set to Resume

Social-distancing restrictions are still in place in Australia, so 'normal' full-contact training will not resume for another week at least.




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IOA Seeks Feedback From Athletes, Coaches on Resumption of Training

NSFs and State Olympic Associations have been asked to collect feedback from the stakeholders such as athletes, coaches, support staff, central and state government ministries, match officials and sports administrators




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French Tennis Hopes to Resume Training on Monday

FFT president Bernard Giudicelli said the protocol proposed was "favorably received by the sports ministry" and could lead to the resumption of training and other amateur activities.




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'I See 2020 as Practically Lost' For Tennis: Rafael Nadal

Rafael Nadal believes the chances of tennis restarting before the end of this year are slim.




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Spanish Club Says it Mistakenly Allowed Novak Djokovic to Train Against Covid-19 Rules

Novak Djokovic published a video of him training on Monday in apparent violation of Spain's current rules amid the coronavirus pandemic.




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French Open in Talks with Governing Bodies Amid Rescheduling Reports

French tennis federation's decision to postpone the French Open to late September amid the Covid-19 crisis was widely criticised because the new dates clashed with the hardcourt season.




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Tennis Establishes Coronavirus Player Fund, Raises $6 Million

The Player Relief Programme will support those 'who are facing unprecedented challenges due to the global impact of Covid-19'.




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Tennis Star Dominic Thiem Participates in Global Charity Run

The global charity run also saw over 400 Indians running for the noble cause raising over 1250 Euros.




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Tokyo Olympics Postponement Doesn't Bother Saurabh Chaudhary, Always Training to be at His Best: Amit Sheoran

Saurabh Chaudhary's coach Amit Sheoran said for his ward it doesn't matter if the Tokyo Olympics are held tomorrow, after a year or even after 10 years




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Using Ropes and Tires, Been More Than a Month Since Proper Training: Satish Kumar

For Satish Kumar the euphoria that came with sealing qualification for the Tokyo Olympics was quickly balanced off by the news that it been postponed due to coronavirus




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India Has Learnt to Accept Female Athletes But Still a Long Way to Go: Sania Mirza

Sania Mirza said she is proud apart from cricket, the biggest sports stars in India are women athletes




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Need to be Sensitive While Coaching Young Female Sportspersons: Sania Mirza

Sania Mirza said that coaches need to be sensitive of the hormonal changes that girls go through while working with them.