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SBI Card Q4 profit slides 66% y-o-y as impairment losses soar

The total balance sheet size as on March 31, 2020 was Rs 25,303 crore, up 25.6% from Rs 20,146 crore on March 31, 2019.




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Hike MSP, levy cess on sugar: NITI task force

The report of the panel on sugarcane and sugar industry, headed by NITI Aayog member Ramesh Chand, was submitted on April 21.




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Cadila Pharma shuts operations at Ahmedabad plant after employees test Covid-19 positive

The company manufactures 38 APIs and intermediates across various therapeutic categories — respiratory, diabetology, gastroenterology, pain management, orthopedics, etc. The company has more than 850 formulation products.




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Cognizant plans to invest in growing digital skills, hire 20,000

Cognizant has reported a decline of 16.78% in net income at $367 million for the quarter ended March 31, 2020, as compared to $441 million in the same period a year ago.




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IndiGo to implement wider pay cuts, send some staff on leave without pay

While senior-vice presidents and above would have 20% of their pay slashed, vice-presidents and cockpit crew would take a 15% cut.




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Non-food credit growth slips to 6.67% y-o-y amid COVID-19 crisis

Meanwhile, deposit growth in the banking system rose to 9.83%, falling marginally compared to the previous fortnight.




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Vista Equity Partners to invest Rs 11,367 crore in Jio Platforms

The rise in Jio’s ARPU (average revenue per user) during Q4FY20 was lacklustre, analysts said despite the fairly sharp 14-53% hike in tariffs in early December.




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Net inflows into equity MFs halve in April compared to March, as investors turn cautious

Industry experts say that lump-sum investments have stopped and even some investors are stopping their SIPs, due to the unpredictable equity markets.




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FM Nirmala Sitharaman to meet PSB chiefs on Monday; to review credit flow, support to NBFCs

The meeting, to be held via video conference, will also dwell on credit disbursement since March, with the focus on Covid-19-related credit sanction and offtake.




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Maiden round-the-clock renewable energy auction gets tariff of Rs 2.90/unit

Since renewable energy is unpredictable in nature, other sources of energy are required for balancing it, increasing the actual cost of such power, dissuading state-run power distribution companies from buying such electricity.




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GST relief 2.0: Govt can provide relaxations with respect to certain measures under GST

Current relaxations, prospective exemptions, and time taken to restore normalcy may depress tax collections. An increase in the tax rate of certain goods can compensate for losses.




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Job cuts, zero production activity due to lockdown: What the Centre must do now

A fully Keynesian approach will need to be taken by the government. People are losing jobs and production activity has come to a standstill due to the lockdown.




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Ease labour laws now: UP gets it right, but relaxation must become permanent

Just to have employment levels rise meaningfully—let alone goals such as playing host to companies moving out of China, or raising manufacturing’s share in the GDP to 25%—the Centre and the states must quickly ease labour laws.




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NIIT Technologies Rating: Add; Execution stood out in a challenging scenario

Recovery is expected in Q2; upgraded to ‘Add’ given recent correction and other positives; TP cut to Rs 1,310.




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Indian equities gain on strong global cues

The markets after witnessing strong volumes on Thursday rose on thin volumes on Friday with the F&O segment on the NSE witnessing a turnover of Rs 5.7 lakh crore against the six month average of Rs 14.2 lakh crore.




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Five more test positive for COVID-19, total tally in Assam reaches 58

GMCH has been closed for new patients and 386 people, including its Superintendent Dr R Talukdar, doctors, students and several grade three and four workers, have been quarantined.




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Income Tax Exemption: Donation to Shree Ram Janambhoomi Teertha Kshetra in Ayodhya to get 80G benefit!

The notification says that the Teerth Kshetra is a place of historic importance and a place of public worship of renown for taxation purposes.




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Mukesh Ambani in no mood to rest; trying to get more investors for Jio, talks on with rich Saudi wealth fund

Saudi Arabia’s $320 billion sovereign wealth fund is exploring a potential investment in Reliance Industries Ltd.’s digital unit.




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Why Xiaomi didn’t talk about its software quirks during Mi 10 5G India launch

Why did Xiaomi not talk about one of Mi 10 5G’s biggest highlights at launch, or after? The reason is simple.




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Jio offers new top-ups, annual plans with cheaper, additional data

Mobile subscribers get access to 4G data at a price as low as Rs 3.5 per GB but if the floor price is fixed as demanded by telecom operators, the mobile internet prices will rise 5-10 times from the current level.




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AIIMS director rushes to Gujarat after sharp rise in COVID-19 cases, fatalities

Following directions from the Centre, Dr Guleria, who is a pulmonologist, and Dr Manish Soneja from the AIIMS department of medicine left for Ahmedabad.




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West Bengal govt not allowing trains with migrants to reach state; Shah writes to Mamata

Shah said migrant workers from West Bengal are also eager to reach home and the central government is also facilitating the train services.




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The importance of diversity in media

The broadcasters have a vital role to positively help shape the minds of future generations, by providing the diverse-rich content




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Covid-19: Armed Forces set up quarantine facilities for those returning from overseas

The Indian Navy has also set up a facility at Visakhapatnam, which too can take in 200 people with all the facilities available inside.




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TDP chief urges PM Modi to set up scientific experts’ committee to probe Vizag gas leak incident

Following the gas leak incident, the National Green Tribunal ordered LG Polymers India to pay interim damages of Rs 50 crore and issued notices to the company, Central Pollution Control Board (CPCB), state and Centre.




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Facebook now rolling out its biggest update for desktop users; here are all the features worth talking about

Social media giant Facebook is now rolling out its biggest update for desktop users, after first announcing it at its F8 developer conference last year.




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‘Disciplined’ northeast emerges as model of COVID-19 management: Jitendra Singh

He said within six years of the Modi government, the northeastern region has emerged as the model for development for the entire country.




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EPF withdrawal for COVID-19 online: Have Rs 2,00,000 in PF account? Check how much you can get

PF Advance Withdrawal for COVID-19: Are you running out of cash amid Coornavirus crisis and want to withdraw from Provident Fund account?




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Totally healthy: Amit Shah rubbishes rumours on his health, says he is not suffering from any disease

Home Minister Amit Shah has said he is totally healthy and not suffering from any disease.




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Zoom had a ‘record’ April in India despite Government’s red flag over privacy

The MHA had issued an advisory for Zoom users in India in April, to safeguard their virtual meetings from prying eyes, deeming the video conferencing platform unsafe.




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Ajit Jogi, former Chhattisgarh CM, suffers cardiac arrest; critical

Former Chhattisgarh chief minister Ajit Jogi, 74, was admitted in a private hospital here on Saturday after he suffered a cardiac arrest, doctors said, adding that his condition is critical.




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ICICI Bank Q4 profit jumps 26% to Rs 1,221 crore; announces Rs 25,000 crore fundraising plan

Private sector lender ICICI Bank reported a 26% on-year jump in standalone profit for the quarter ended March 31. The bank saw total income in the March quarter surge by Rs 2,500 from the previous year.




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Gujarat: Four held for spreading rumour about Amit Shah’s health

Four persons were detained by Ahmedabad police on Saturday for allegedly spreading misinformation about Union Home Minister Amit Shah's health by creating a fake Twitter account in his name.




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‘Confusion’ within central government in fight against COVID-19: Congress

The Congress on Saturday said there was "confusion" within the central government in its fight against the novel coronavirus and wondered how would India tackle the pandemic if officials continued to speak in different voices.




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Vizag gas leak: Situation ‘normal’ says Andhra govt; DGP inspects plant amid protests

The Andhra Pradesh government on Saturday said the situation was "normal" in RR Venkatapuram village, where a styrene vapour leak from the LG Polymers plant claimed 12 lives and left over 300 people hospitalized with various ailments.




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Testing capacity for COVID-19 scaled up to 95,000 per day, says Health Minister Harsh Vardhan

The testing capacity for COVID-19 has been scaled up to around 95,000 tests per day and a total of 15,25,631 tests have been conducted so far across 332 government and 121 private laboratories, Union Health Minister Harsh Vardhan said on Saturday.




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Adani Transmission Q4 net dips 60 per cent on one-time write-off; FY21 margins protected

Adani Transmission Ltd's (ATL) net profit in January-March at Rs 58.97 crore was 60 per cent lower than Rs 146.7 crore net profit in the same quarter last year.




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Asus celebrates Mother’s Day with #LikeMotherLikeAsus campaign

The campaign highlights the consistent productivity of mothers to adorn multiple hats




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ICMR teams up with Bharat Biotech to develop COVID-19 vaccine

The death toll due to COVID-19 rose to 1,981 and the number of cases climbed to 59,662 in the country on Saturday, the Health Ministry said.




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Watch Your Back: Improve Your Security Posture and Reduce the Risk of Attack

There are a number of best practices that can work to improve your organization’s security posture. Following these will help you put the right defenses in place, and become the building blocks of a solid plan to ensure you react to a breach.




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Catching Cybercriminals Exploiting the Pandemic Follow Up

Read additional insights from The DomainTools Security Research Team's recent presentation on CovidLock including results from participant polls and supplemental Q&A.




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Quebec Conducts Two Draws and Invites 162 Skilled Worker Candidates

Quebec held two draws in October and issued 162 invitations to apply to the aspirants in the Quebec Skilled Worker Program. A Gradual ProgressFirstly, On October 23, it invited 89 persons to meet the labor market requirements. Also, the Candidates…




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Canada Holds the 131st Express Entry Draw and Issues 3,600 Invitations

IRCC conducted its 131st Express Entry draw, and has issued Invitations to Apply for 3,600 candidates on November 27th.  Features of the DrawHere the minimum score in the Comprehensive Ranking System stood at 471, which is lesser by one point…




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British Columbia Invites 348 Candidates in Five Provincial Streams

On November 26th British Columbia held a draw and has extended 348 invitations to Skilled Workers as well as International Graduates in its new Provincial Nominee Program. The draw covered five provincial streams. These Skilled workers of the provincial…




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Canadian Communities Accept Applications in Rural & Northern Imm. Pilot

Three communities are participating in Canada’s Rural and Northern Immigration Pilot.Sault Ste. Marie from the province of Ontario, Altona/Rhineland from the province of Manitoba will accept applications for recommendation of the community from candidates…




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Alberta Simplifies Process for Graduates in the Alberta Opportunity Stream

Authorities in Alberta have eased the process for graduates intending to apply to its Immigrant Nominee Program.The Advanced Education Approved Post-Secondary Credentials were eliminated in the province.This change was announced on Nov 29th, 2019, and…




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Nova Scotia Draw Targets Social Workers in Labor Market Priorities Stream

On December 5th  Nova Scotia conducted a new draw in its provincial Labor Market Priorities Stream with a link to Express Entry. It targets social and community service workers under the NOC 4212. This was the first NSNP draw that targeted NOC 4212.Candidates…




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Manitoba Provincial Draw Invites 221 Overseas Workers and Global Students

Manitoba PNP held a draw on December 6th and invited 221 candidates to apply for immigration on the provincial nomination leading to permanent residence in the country. These candidates were in• Skilled Worker Overseas• Skilled Worker in Canada,•…




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Canada Holds 132nd Express Entry Draw and Crosses 82,000 Invites in 2019

Canada conducted its new draw in the Express Entry, and issued 3,200 Invitations to Apply to the candidates on December 11th.  In it the least Comprehensive Ranking System score was 472, which is one point increase comparing to the 131st Express…




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Ontario Issues 667 Invitations in Skilled Trades to Express Entry Candidates

The immigration authorities in Ontario held their largest draw on December 11th4wsqor 2019, and issued 667 Notifications of Interest to such candidates who had a profile in Express Entry Pool. This was the first draw in the Skilled Trades stream after…