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Industry Dialogue: It is Not True That Employees Working From Home Are Lazying Around

If you’re still unsure whether remote work can work for your business, you may not have had a choice, during the COVID-19 pandemic. Now is the time to assure employees that you not only care about but also trust them—that you have their best interests at heart.




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BP Announces $4.4 Billion Quarterly Loss as Oil Prices Crash Amid Coronavirus Pandemic

BP said it planned to reduce cash costs by $2.5 billion by the end of 2021 relative to 2019. "Some of these cost savings may have associated restructuring charges," the company added.




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WTO Members Eliminate Duties on Over 84% of Medical Products for 2020 under Various Agreements

India is a member of the WTO since 1995. There are a total of 164 members of this organisation, which deals with global trade-related issues.




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Partial Relief for Vodafone Idea as SC Asks Income Tax Department to Refund Rs 733 Crore

Vodafone Idea, formerly known as Vodafone Mobile Services Ltd, had however sought Rs 4,759.07 crore in tax refund from for AYs - 2014-15, 2015-16, 2016-17 and 2017-18.




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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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Don't Let Telcos Charge Offices, Businesses for Unused Internet during Lockdown: PIL in Delhi HC

The petitioner contended that telephone operators and ISPs ought not to charge citizens for services not used by them while following the government's directions.




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RIL Q4 Results: Reliance Announces India's Biggest Rights Issue of Rs 53,125 Crore, Jio Profit Zooms 177%

Revenue from operations for the March quarter stood at Rs 136,000 crore, against Rs 152,939 crore in December quarter and Rs 138,659 crore in the year-ago period.




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Agriculture Infrastructure Funding Pegged at Rs 1.68 Lakh Crore for 2020-25: Govt Task Force

The final report of the task force on National Infrastructure Pipeline (NIP) for 2020-2025 presented to the government suggested agricultural reforms broadly in three areas e-market infrastructure, storage and processing, and research and development (R&D).




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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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Tata Steel Announces Plans Aimed at Creating World's First Zero Carbon Industrial Cluster in UK

Phase one of the Tata Steel's European business project will create a plan for a series of local zero-carbon areas, create skilled jobs and enhance well-being across South Wales.




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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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Crane Owners Seek Liquidity Support Under MSME Package Amid Covid-19 Lockdown

Since the first lockdown extension, Crane Owners Association of India, which has over 150 members, have written twice to MSME Minister Nitin Gadkari and once to Finance Minister Nirmala Sitharaman, seeking their help.




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Dollar Firm but Stocks, Oil Under Pressure as US-China Tensions Rise Over Coronavirus

In commodity markets, US crude futures sank in early trade on worries about oil oversupply, even as some US states start to ease coronavirus pandemic restrictions.




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Rupee Plunges 71 Paise to 75.80 against US Dollar in Early Trade

The rupee opened weak at 75.70 at the interbank forex market and then fell further to 75.80, down 71 paise over its last close.




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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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Homeward Bound: Villages Are The New Go-to Destinations, But Jobs Will Return to Cities Faster

It could well be economically rewarding if the workers managed to get back to work in the cities and towns where they were engaged in before the lockdown, only if appropriate welfare measures reach them.




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Cash Transfers, Food For All: How Govt May Balance Fiscal Concerns with Growing Hunger & Poverty

India has provided a stimulus which doesn’t even equal a percent of the country’s GDP when other countries have already pumped funds far in excess into their respective economies.




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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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US Private Hiring Collapses in April, Plunging 20.2 Million, Says Payroll Firm ADP

However, the data only reflect company payrolls through April 12 so the report does not reflect the full impact of COVID-19 on the overall employment situation.




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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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Yes Bank Creates Stressed Asset Management Vertical to Resolve NPA Accounts

Yes Bank's board had to be superseded by the RBI and the government earlier this year after alleged mismanagement under its founder CEO Rana Kapoor.




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Government Should Now Let the Economy Function Post-lockdown: Kaushik Basu

The global market is fearing that India would slide into a 'controlled economy', which would be very damaging, Basu added.




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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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Reliance Jio Sells 2.3% Stake to US Tech Fund Vista Equity Partners for Rs 11,367 Crore

This is the third high profile-investment in Reliance Jio in as many weeks.




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Sensex Rallies Over 600 Points in Early Trade; RIL Jumps 2% After Jio-Vista Equity Fund Deal

Equity benchmark Sensex rallied over 600 points in opening session on Friday as strong gains in index-heavyweight Reliance Industries, massive foreign fund inflow and positive global cues boosted market sentiment.




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Equity Mutual Fund Inflows Hit 4-month Low of Rs 6,108 Crore in April

Overall, the mutual fund industry witnessed net inflows of Rs 45,999 crore across all segments, data by the Association of Mutual Funds in India showed on Friday.




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Record Excise Duty Hike Unlikely to Help Bridge Fiscal Gap: Report

Despite crude prices trading at a two decades low, the government had earlier this week hiked excise duty on petrol by Rs 10 a litre and on diesel by Rs 13 a litre to mop up nearly Rs 1.6 lakh crore in additional revenue this fiscal.




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Making Effort to Ensure Orderly, Equitable Exit to Investors: Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund also issued an apology to Sebi and said that comments of its top executive Jenny Johnson were wrongly interpreted, diluting her responses about the reason for winding up of schemes.




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Govt Disburses Rs 18,253 Crore to 9.13 Crore Farmers Under PM-KISAN Scheme During Lockdown

Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account.




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Online Blitz Chess Tournament Raises Rs 4 Lakh for Kerala CM Relief Fund

The Checkmate Covid-19 Blitz Open, organised to raise funds for Kerala's fight against Covid-19, was won by Grandmaster SL Narayanan.




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Chinese Swimming Star Sun Yang Appeals Against Doping Ban: Report

Sun Yang was found guilty of refusing to give a doping sample and was banned for eight years for the same.




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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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Use International Players as Coaches for Youngster During Coronavirus Lockdown: PV Sindhu

PV Sindhu said that senior Indian players with international experience can coach and help youngsters during the coronavirus lockdown.




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World Archery Puts All Its 13 Staff on 'Temporary Partial Unemployment'

World Archery executive board had suspended all its events till August 31, resulting in a huge losses to the federation.




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Padraig Harrington Accidentally Unveils Luke Donald as Ryder Cup Vice-captain

Padraig Harrington announced live on air by mistake that Luke Donald was one of the vice-captains at this year's Ryder Cup.




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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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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.




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Online Chess Tourney Helps Raise Rs 15 Lakh for Karnataka CM Covid-19 Relief Fund

A total of 19,245 players registered for the CheckmateCovid Chess Tournament and GM Ankit Rajpara won it.




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Athletes Could be Particularly Vulnerable to Serious Covid-19 Symptoms, Says Union

Director of World Players' Association said players were willing to take a calculated risk to resume their sporting careers, social distancing rules cannot be adhered to in most sports.




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French Open Organisers To Refund All Tickets After Coronavirus Forces Postponement

French Tennis Federation announced that all ticket holders for the French Open will be refunded.




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Vanessa Bryant Sues LA County Sheriff over Kobe Crash Site Photos

Vanessa Bryant seeks damages for emotional distress and mental anguish after learning 8 sheriff's department deputies took graphic photos of the Kobe crash site and shared them with others.




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UFC Return to Go Ahead as Planned Despite Undercard Fighter Ronaldo Souza Testing Positive for Covid-19

UFC fighter Ronaldo 'Jacare' Souza and his two cornermen were found positive for Covid-19 but asymptomatic and will self-isolate off host hotel.




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Shortage of workers hit food processing units in south Gujarat




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DGVCL asks textile unit owners to pay dues by May 15




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SC relief for Odiya migrants, spl trains to run again today




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Councillor’s brother seen demanding ‘cash for tickets’