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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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Lockdown Impact: India's March Infrastructure Output Contracts 6.5% Compared to Last Year

The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed.




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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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Reckitt Benckiser's Sales Hit Record On Coronavirus Disinfectant Boom

Reckitt Benckiser recorded a 13.3% rise in first quarter like-for-like sales, that was its best performance since the company was formed in 1999.




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Asian Oil Sellers Add New 'Zero Price' Clause in Contracts: Report

The new clause comes as sellers in Asia seek to protect their interests, as prices of some physical crude grades sold in the region have fallen to close to $10 a barrel due to heavy discounts.




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Lockdown Period, Global Recession & Changes in Consumer Behaviour to Shape Economic Activity: Report

According to Dun & Bradstreet's latest report, changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic comes under control.




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Sebi Exempts Four Family Trusts Linked to Lux Industries' Promoters From Open Offer Obligation

The proposed acquisition involves settlement or contribution of equity shares of the company to the four trusts by Ashok Todi, Bimla Todi, Pradip Todi and Shobha Todi.




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CNBCTV18-CII Poll: What Heads of Top Institutions Said on India's Strategy to Revive Economy After Covid-19

SBI Chairman Rajnish Kumar said he is hopeful of more relaxations by May 31 and expects economic activity to return by the festive season.




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Elon Musk Wipes Nearly $15 Billion Off Tesla’s Valuation With His 'Price Too High' Tweet

The tweets recall Musk's controversial tweets in August 2018 when he said he had "funding secured" for a quickly-aborted campaign to take the electric car maker private.




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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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Warren Buffett's Berkshire Hathaway Posts Nearly $50 Billion Loss as Coronavirus Hits Hard

A year earlier, the conglomerate reported profits of $15.5 billion.




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There Will be Flight of Capital From China Post Coronavirus Phase, Says BJP's Ram Madhav

Madhav said Asian democracies like Singapore and South Korea along with India have set a "new example that you don't need to be authoritarian to handle such a big crisis".




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Reliance Jio-Silver Lake Deal: Here's All You Need to Know

This is the first sizable investment by SLP in India and reaffirms Jio’s technological capabilities and the potential of the business model, even in this Covid-19 world and beyond.




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India Doubles Down on Solar, Gas at Coal's Expense as Electricity Use Falls

India's solar and gas-fired electricity generation rose in April even as overall power demand fell at the steepest monthly rate in at least thirteen years, a Reuters analysis of provisional government data showed.




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Saudi Arabia Says Investment Plans in India 'On Track' Even as Aramco's Net Profit Falls 21%

On being asked about the effect of the decline in Aramco’s profits on its plans to invest in India, Saudi Arabia's Ambassador to India reiterated that investment plans were on track.




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India's Factory Activity Fell to Record Low in April as Lockdown Hit Demand, Disrupted Supply Chains

With new orders and output shrinking at the steepest pace since at least early 2005 factories cut jobs at the fastest rate in the survey's history, signaling a high chance of recession.




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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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Indian State Retailers' April Petrol Sales Down 61%, Diesel by 57%: Sources

The state retailers' petrol and diesel sales in first half of April declined by 61% and 64%, respectively, as a nation-wide lockdown to curb the spread of the coronavirus brought economic activity to a standstill.




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Abbott's Covid-19 Lab-based Antibody Tests to be Available in India by End of May

Antibody testing is an important step to tell if someone has been previously infected. It will provide more understanding of the virus.




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PSB NPAs Likely to Rise 2-4% Points; May Push Govt to Recapitalise via RBI Reserves & Bonds: Report

The report said the increase in non-performing assets by 2-4 percentage points will need a government recapitalisation requirement by $7-15 billion.




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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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State-owned Bank NPAs May Rise in FY21, Govt's Fiscal Deficit to Widen: Bank Of America

Analysts agree that Covid-19 pandemic will lead to an increase in bank's gross non-performing assets with some reports pegging the stock to double as well.




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More Fiscal Stimulus Measures Necessary in India to Fight Covid-19: S&P

In March, the government announced a Rs 1.7 lakh crore relief package focusing on providing food security to the poor and providing money in their hands to fight COVID-19.




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Govt to Gain Over Rs 1.5 Lakh Cr this Fiscal From Record Excise Duty Hike on Petrol & Diesel

The government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.




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India's Services Activity Collapses as Coronavirus Paralyses Global Economy: PMI

The grim result for the industry, the engine of economic growth and jobs, underlined the pandemic's sweeping impact across India as authorities extended a nationwide 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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Coronavirus Lockdown: India's Coal Import Declines by 29 Percent in April

Coal Minister Pralhad Joshi had earlier written to state chief ministers asking them not to import dry-fuel and take the domestic supply of fuel from Coal India Ltd.




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CAIT Flags Traders' Inability to Pay Full Salary for April, Seeks Goyal's Intervention

The Confederation of All India Traders (CAIT) has written to Commerce and Industry Minister Piyush Goyal seeking his intervention in the matter.




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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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India's Rating Outlook Reflects Rising Risk of Slower GDP Growth, Low Policy Effectiveness: Moody's

Moody's Investors Service on Friday said the negative outlook on India's rating reflects increasing risks that GDP growth will remain significantly lower than in the past and partly hints at weaker policy effectiveness to address economic and institutional issues.




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India May See 0% GDP Growth This Fiscal Year, Says Moody's

The ratings agency said it expected India to see no growth in financial year 2021 and bounce back to a 6.6% GDP growth in FY22.




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India's Fuel Demand Dips Over 45% in April Amid Covid-19 Lockdown: Govt Report

Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes - its lowest since 2007, government data showed on Saturday.




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Saudi, US Firms Eye Stakes in Reliance's Jio, Deals Could Get Completed This Month: Report

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change.




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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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Ex-RBI Governor Rangarajan Heads Committee to Look at Tamil Nadu's Post-virus Fiscal Challenges

According to the Tamil Nadu government, the committee comprises economists, industrialists, vice chancellors, bankers, government officials and others.




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'It's the Worst Thing Ever': Ex-NHL Enforcer Georges Laraque Hospitalised with Covid-19

Georges Laraque, who is asthmatic, developed pneumonia in both lungs and was hit by nightly fevers post hospitalisation after testing positive for Covid-19.




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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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'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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Badminton Restart 'Difficult to Predict' After Coronavirus Crisis, Says BWF Chief

BWF chief Thomas Lund said the restrictions on international travel due to coronavirus has complicated the picture for badminton to resume.




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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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No Spitting, No Fans: Baseball Restarts South Korea's Sports Season

South Korea's sporting industry emerged from the coronavirus shutdown with baseball while football and golf will soon follow suit.




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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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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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WTA Chief Backs Roger Federer's ATP Merger Suggestion

Both the ATP and WTA Tours have been forced to take cost-cutting measures since the COVID-19 pandemic started




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'I Think You Were Fanboying': Maria Sharapova Looks Back at First Dinner with Novak Djokovic

Maria Sharapova recalled how Novak Djokovic earned himself a dinner with her by winning a match.




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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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Paris 2024 Organisers Vow To Not Change Olympic 'DNA'

Organisers of Paris 2024 Summer Games said that their budget has not changed despite the coronavirus pandemic




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'Heartbreaking, Disturbing, Painful': Sports Fraternity Offers Condolences After Vizag Gas Leak Tragedy

Sportspersons took to social media to offer condolences to the families of those affected in the Vizag gas leak tragedy and prayed for the recovery of those in the hospitals.




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'Indian hero': Moldovan Tennis Player Dmitrii Baskov Feeds Poor in Ahmedabad Amid Covid-19 Lockdown

Dmitrii Baskov had come to India in January to visit a tennis academy and got stuck due to Covid-19 lockdown but is helping feel Ahmedabad's poor.




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After Coronavirus Delay, John Coates Says Tokyo Games Could Be 'Greatest Ever'

The Tokyo Olympics was postponed for a year to 2021 in the aftermath of the coronavirus pandemic.