us Don't Let Telcos Charge Offices, Businesses for Unused Internet during Lockdown: PIL in Delhi HC By www.news18.com Published On :: Thu, 30 Apr 2020 06:26:06 +0530 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. Full Article
us Rupee Zooms 57 Paise to End at 75.09 against US Dollar By www.news18.com Published On :: Thu, 30 Apr 2020 07:08:53 +0530 The greenback weakening overseas and optimism over a COVID-19 drug trial in the US further supported the local unit, forex traders said. Full Article
us Reckitt Benckiser's Sales Hit Record On Coronavirus Disinfectant Boom By www.news18.com Published On :: Thu, 30 Apr 2020 08:02:13 +0530 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. Full Article
us Asian Oil Sellers Add New 'Zero Price' Clause in Contracts: Report By www.news18.com Published On :: Thu, 30 Apr 2020 08:04:39 +0530 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. Full Article
us Reliance to Hive off $75 Billion O2C Business into Separate Unit for Sale to Aramco By www.news18.com Published On :: Thu, 30 Apr 2020 08:56:39 +0530 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. Full Article
us EPFO Allows Firms to File PF Returns Without Simultaneous Payment of Dues By www.news18.com Published On :: Thu, 30 Apr 2020 11:55:23 +0530 The PF returns have details about employees' and employers' contributions towards the social security scheme run by the Employees' Provident Fund Organisation (EPFO). Full Article
us Oil Prices Jump after US Stockpiles Grow Less than Feared, Output Cuts Kick in By www.news18.com Published On :: Fri, 1 May 2020 07:27:28 +0530 Brent crude for July delivery, which started trading on Friday as the new front-month contract, was up $1.10, or 4.2%, at $27.58 a barrel by 0013 GMT. Full Article
us Gold Gains on Bleak US Data, But En Route for 2% Weekly Fall By www.news18.com Published On :: Fri, 1 May 2020 09:40:25 +0530 Millions more Americans filed claims for unemployment benefits last week, lifting the number of applications to 30.3 million since March 21, data showed. Full Article
us Sebi Exempts Four Family Trusts Linked to Lux Industries' Promoters From Open Offer Obligation By www.news18.com Published On :: Fri, 1 May 2020 03:16:36 +0530 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. Full Article
us Covid-19: AP Govt to Clear All Industrial Incentives, Waive Power Charge for 3 Months to Boost MSMEs By www.news18.com Published On :: Fri, 1 May 2020 04:07:15 +0530 The state government has also decided to provide working capital loans to MSMEs at lower interest rates. A fund to the tune of Rs 200 crore would be created to lend loans between Rs 2-10 lakh. Full Article
us India Set to Cap Stimulus Package at $60 Billion to Protect Credit Rating: Report By www.news18.com Published On :: Fri, 1 May 2020 09:13:58 +0530 On Tuesday, Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis. Full Article
us Graded Exit From Lockdown Would Be Good For Businesses, Say 86% of CEOs in CNBC-CII Poll By www.news18.com Published On :: Fri, 1 May 2020 09:23:27 +0530 On the effectiveness of India's COVID-19 strategy, 73% of the respondents said it has been successful so far. Full Article
us Elon Musk Wipes Nearly $15 Billion Off Tesla’s Valuation With His 'Price Too High' Tweet By www.news18.com Published On :: Sat, 2 May 2020 08:43:56 +0530 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. Full Article
us Tata Steel Announces Plans Aimed at Creating World's First Zero Carbon Industrial Cluster in UK By www.news18.com Published On :: Sat, 2 May 2020 10:04:23 +0530 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. Full Article
us PM Meets FM, Home Minister to Discuss 2nd Economic Stimulus Package for Affected Sectors By www.news18.com Published On :: Sat, 2 May 2020 05:55:10 +0530 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. Full Article
us Warren Buffett's Berkshire Hathaway Posts Nearly $50 Billion Loss as Coronavirus Hits Hard By www.news18.com Published On :: Sun, 3 May 2020 10:57:40 +0530 A year earlier, the conglomerate reported profits of $15.5 billion. Full Article
us PM Modi Holds Meetings to Firm Up Second Stimulus for Reviving Lockdown-hit Economy By www.news18.com Published On :: Sat, 2 May 2020 11:38:33 +0530 The prime minister also had discussions with key economic ministries such as Agriculture and Farmers' Welfare, and MSME to discuss various issues. Full Article
us Covid-19 Not an End to Coworking Culture, Says Industry By www.news18.com Published On :: Sun, 3 May 2020 12:49:50 +0530 Reeling under pressure due to sharp drop in footfalls following the COVID-19 pandemic, operators in the country's coworking industry believe the blip could be temporary and demand for flexible space would go up again as some key factors are going for them. Full Article
us Sebi Imposes Total Rs 1.05 Cr Fine on 21 Entities in Jolly Plastic Industries Case By www.news18.com Published On :: Sun, 3 May 2020 12:56:37 +0530 Sebi has imposed a total penalty of Rs 1.05 crore on 21 entities for executing fraudulent trading in the scrip of Jolly Plastic Industries Ltd. Full Article
us CII For Greater Industrial Activities in Districts With High Economic Performance By www.news18.com Published On :: Sun, 3 May 2020 04:17:51 +0530 The government has permitted industrial estates, SEZ and industrial townships with restricted entry within urban areas of 'red zones' to commence operations. Full Article
us Foreign Investors Keen To De-risk China Businesses, India Should Seize Opportunity: BJP Leader By www.news18.com Published On :: Sun, 3 May 2020 05:54:40 +0530 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. Full Article
us There Will be Flight of Capital From China Post Coronavirus Phase, Says BJP's Ram Madhav By www.news18.com Published On :: Sun, 3 May 2020 08:50:18 +0530 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". Full Article
us Bad Debt of Indian Banks Could Double From Rs 9.35 Lakh Crore Due to Coronavirus Crisis: Report By www.news18.com Published On :: Mon, 4 May 2020 08:07:00 +0530 Indian banks are already grappling with 9.35 lakh crore rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019. Full Article
us Dollar Firm but Stocks, Oil Under Pressure as US-China Tensions Rise Over Coronavirus By www.news18.com Published On :: Mon, 4 May 2020 07:34:20 +0530 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. Full Article
us Nifty, Sensex Slump as Govt Extends Coronavirus Lockdown; HDFC Bank Slides By www.news18.com Published On :: Mon, 4 May 2020 10:10:57 +0530 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. Full Article
us India Doubles Down on Solar, Gas at Coal's Expense as Electricity Use Falls By www.news18.com Published On :: Mon, 4 May 2020 10:19:15 +0530 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. Full Article
us Gold Steady as Dollar Gains; US-China Tensions over Coronavirus Resurface By www.news18.com Published On :: Mon, 4 May 2020 10:55:19 +0530 US Secretary of State Mike Pompeo said on Sunday there was "a significant amount of evidence" that the virus emerged from a Chinese laboratory. Full Article
us Rupee Plunges 71 Paise to 75.80 against US Dollar in Early Trade By www.news18.com Published On :: Mon, 4 May 2020 11:47:31 +0530 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. Full Article
us Nifty Falls over 4 Percent; 'Marriage Call' Option Can Cushion Damage By www.news18.com Published On :: Mon, 4 May 2020 11:49:44 +0530 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. Full Article
us Sensex Crashes Over 2,000 Points as Global Selloff Intensifies amid Rising US-China Tensions By www.news18.com Published On :: Mon, 4 May 2020 04:38:13 +0530 After a highly volatile session, the 30-share BSE index settled at 31,715.35, plunging 2,002.27 points, or 5.94 per cent. Full Article
us US Retailer J. Crew Files for Bankruptcy: Statement By www.news18.com Published On :: Mon, 4 May 2020 05:25:11 +0530 The brand, whose clothes have been worn by former first lady Michelle Obama, said online sales operations, which account for more than half its revenues, will continue as normal. Full Article
us ITC Faces Union Backlash Over Coronavirus Work Warnings to Employees By www.news18.com Published On :: Mon, 4 May 2020 05:55:21 +0530 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. Full Article
us Global Markets Drop, Spooked by China-US Tensions Over Virus By www.news18.com Published On :: Mon, 4 May 2020 06:44:43 +0530 Benchmarks fell in most countries except for Australia, which was lifted by signs its own virus outbreak is being brought under control. Full Article
us Rupee Rises 15 Paise to 75.58 Against US Dollar in Early Trade Amid Covid-19 Concerns By www.news18.com Published On :: Tue, 5 May 2020 11:00:49 +0530 Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the local unit. Full Article
us Gold Dips as Coronavirus-led Curbs Ease, Tariff Worries Persist By www.news18.com Published On :: Tue, 5 May 2020 12:00:06 +0530 Investors, however, remained worried about brewing Sino-US tensions after President Donald Trump threatened new tariffs on China for its handling of the outbreak. Full Article
us US Financial Body Gives $15 Mn Loan to Indian Start-up to Expand Access to Quality Education By www.news18.com Published On :: Tue, 5 May 2020 02:09:26 +0530 An American financial organisation has agreed to sanction USD 15 million loan to an Indian education start-up to expand the access to quality education by providing critical financing to schools that serve low-income students in India. Full Article
us PSB NPAs Likely to Rise 2-4% Points; May Push Govt to Recapitalise via RBI Reserves & Bonds: Report By www.news18.com Published On :: Tue, 5 May 2020 02:54:16 +0530 The report said the increase in non-performing assets by 2-4 percentage points will need a government recapitalisation requirement by $7-15 billion. Full Article
us US Trade Deficit Widens to $44.4 Billion in March on Falling Exports By www.news18.com Published On :: Tue, 5 May 2020 07:07:02 +0530 Imports also fell, but only by 6.2 percent, as transportation and shipping began to close down worldwide. Full Article
us More Fiscal Stimulus Measures Necessary in India to Fight Covid-19: S&P By www.news18.com Published On :: Tue, 5 May 2020 07:01:03 +0530 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. Full Article
us Oil Prices Fall as Rising US Inventories Reassert Supply Concerns By www.news18.com Published On :: Wed, 6 May 2020 08:12:36 +0530 US West Texas Intermediate (WTI) crude futures fell as much as 2.1 per cent to $24.05 a barrel and were down 14 cents at $24.41 a barrel at 0201 GMT. WTI has snapped a five-day winning streak. Full Article
us Home Rental Company Airbnb Lays off 1,900 People as Coronavirus Slumps Business By www.news18.com Published On :: Wed, 6 May 2020 10:10:36 +0530 With millions of tourists canceling plans for vacations, work trips and family visits, Airbnb earlier this year said it was allocating $250 million to help offset losses incurred by hosts. Full Article
us India's Services Activity Collapses as Coronavirus Paralyses Global Economy: PMI By www.news18.com Published On :: Wed, 6 May 2020 11:00:54 +0530 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. Full Article
us Rupee Slips 18 Paise to 75.81 Against US Dollar in Early Trade By www.news18.com Published On :: Wed, 6 May 2020 11:22:02 +0530 Forex traders said the weakness in the rupee was largely due to the strengthening US dollar. Besides, rising coronavirus cases in the country also weighed on the local unit. Full Article
us Govt Allows Businesses to Verify Monthly GST Return through EVC By www.news18.com Published On :: Wed, 6 May 2020 05:35:08 +0530 Currently, businesses are required to digitally sign GSTR-3B form while filing monthly return and paying taxes. Full Article
us US Private Hiring Collapses in April, Plunging 20.2 Million, Says Payroll Firm ADP By www.news18.com Published On :: Wed, 6 May 2020 07:14:00 +0530 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. Full Article
us Oil Gains as US Inventories Grow Less Than Feared While Coronavirus Slashes Demand By www.news18.com Published On :: Thu, 7 May 2020 07:46:27 +0530 While prices have risen sharply since late April as some countries have started easing lockdowns put in place to combat the worst pandemic in a century, oil continues to be pumped into storage, leaving a massive mismatch between demand and supply. Full Article
us Sensex, Nifty Slip as Coronavirus Cases Jump; Hindustan Unilever Drops By www.news18.com Published On :: Thu, 7 May 2020 10:34:31 +0530 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. Full Article
us Britain's GlaxoSmithKline to Sell Entire Stake in Hindustan Unilever for Rs 254.8 Billion By www.news18.com Published On :: Thu, 7 May 2020 12:59:56 +0530 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. Full Article
us MSMEs Need Govt Push to Benefit from Comparative Advantage over China-made Consumer Goods: Report By www.news18.com Published On :: Thu, 7 May 2020 02:47:55 +0530 It further said that although 2020 is a lost year, in terms of trade, India can think long-term and build relations so that it can occupy the space vacated by China. Full Article
us Steel Giant ArcelorMittal Reports Net Loss of $1.1 Billion in First Quarter Amid Coronavirus By www.news18.com Published On :: Thu, 7 May 2020 03:26:25 +0530 The company also had to reduce production due to reduced demand. Full Article