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Online database to depict fish landing centres’ proximity to COVID hotspots in Kerala launched

The Central Marine Fisheries Research Institute (CMFRI) has launched an online GIS based database depicting the proximity of fish landing centres to Covid-19 hotspots in Kerala.




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NHAI defers plan to generate funds by leasing off its assets

The National Highways Authority of India (NHAI) has put its plan to monetise operational publicly-funded highway projects on hold for two months, given that investors might not commit long-term investments at this juncture, due to uncertainty over toll collections.




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Still hiring! Walmart, other superstores buck U.S. employment trend

Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc, added more than 90,000 jobs.




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Power demand falls 22.6% in April, steepest plunge in recent history

Electricity consumption in Uttar Pradesh declined by 20.3% in April while Rajasthan recorded an annual fall of 21.3% in the same month.




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DHFL resolution: CoC to meet on May 12 to discuss COVID-19 impact

Lenders will get an update on the progress of transaction audit report by Grant Thornton on May 12, as per the agenda of the meeting.




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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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New road route to cut travel time to Kailash Mansarovar

Minister for road transport and highways (MoRTH) Nitin Gadkari said for the first time that the border is finally connected by roads.




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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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Private power producers want govt to fast-track discom funding package

Power plants across the country currently have coal stock to run their plants for 31 days on an average.




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Vashi APMC to remain shut from May 11-17 due to rising COVID-19 cases

APMC administration and NMMC will carry out disinfection of the market premises and conduct tests. The market will remain open on this Saturday and Sunday.




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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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Indian exchanges aim to attract overseas rupee trading volumes onshore

Finance minister Nirmala Sitharaman inaugurated the rupee-dollar derivatives trading on the two exchanges on Friday.




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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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Analyst Corner: Jindal Steel & Power Rating ‘buy’ – Volume uptick in April beat sector trend

Company faring better than peers on operational front due to its focus on exports; lower costs to aid margin; ‘Buy’ maintained.




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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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IBM AI – Watson’s role must be expanded to data analysis and forecasting trends

ICMR, at present, is only using Watson for backend reporting, but it also needs to deploy it for data analysis and forecasting trends.




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Fiscal slip up 2 ppt, need to structure package carefully

A Rs 4 lakh crore extra borrowing acknowledges huge fiscal slippage; raise loan-guarantee component in package.




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Oil in turmoil: Need to ensure that our oil sector continues to contribute to national economy

Building the infrastructure for a low carbon future will require oil. While a long term decline for oil’s central place in energy use seems inevitable, we need to ensure that our oil sector continues to contribute to the national economy




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Country’s wireless subscriber base sees marginal rise in January to 1,156 million

In terms of wireless broadband subscribers, Jio is on top with 376.57 million users, followed by Airtel with 142.34 million subscribers and Vodafone Idea with 117.93 users.




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Pharma exports fail to meet FY20 target due to curbs

Drug formulations and biologicals, which contribute to almost 72% of exports, have shown 9.5% growth in FY20. However, export of bulk drugs and drug intermediates posted negative growth.




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Bharat Biotech to lead monoclonal antibodies project for Covid-19 therapy

This project brings together National Centre for Cell Science (NCCS), Pune; Indian Institute of Technology, Indore, and Gurgaon-based PredOmix Technologies in a collaborative mode for a public health emergency.




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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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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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COVID-19 cases mount to 6,318; death toll rises to 68 in Delhi

An order has been issued regarding appointing representatives of the Delhi chief minister at COVID testing centres to manage and resolve individual grievances of patients and medical staff.




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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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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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Record single-day spike of 21 cases push Jharkhand COVID-19 tally to 153

Since the outbreak of the pandemic on March 31 in the state, two persons have died of the infection while one COVID-19 patient died due to underlying health condition after testing negative.




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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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Entire family to be home-quarantined if one breaches seclusion rules

In Himachal around 90,000 persons returned home from other states on passes issued by state government in the past one week and another 20,000 plus are waiting to enter the state.




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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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COVID-19: Legislation introduced in Congress to give Green Card to 40,000 foreign nurses, doctors

The American Hospital Association (AHA) and the American Organization for Nursing Leadership (AONL) said there has never been a more urgent need for the care that foreign-born physicians and foreign-trained nurses provide than during the current COVID-19 pandemic.




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Share markets fall over 5% in first week of May; here’s what moved D-Street and what to expect ahead

Domestic benchmark indices were in for a bumpy ride this week with many ups and down along the way. Starting the week equity markets tanked and lost 80% of the gains made in the previous week as investors lost Rs 5.8 lakh crore.




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Only severe COVID-19 patients to be tested before discharge: Union health ministry

At the time of discharge, patient will be advised to follow home isolation for further seen days as per the prescribed guidelines.




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Google Duo users will soon be able to make ‘group’ video calls from their PC and laptops

Google Duo group video calling for web will arrive in the coming weeks starting as a preview on Chrome.




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Rs 411 crore loan fraud: After defaulters flee India, SBI complains to CBI

The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the coronavirus-induced lockdown.




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Why do migrant workers who left for their homes want to return to Haryana?

Amidst Coronavirus breakdown, a reverse trend of people wanting to get back to work has been noticed in Haryana.




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MEA goes all out to repatriate stranded Indians in the second phase

Till date there have been requests for repatriation from 67,833 which includes 34 per cent of 22,470 students, 30 per cent of 15,815 migrant workers, 9,250 short-term visa holders faced with the expiry of visas.




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5-year-old boy dies from rare inflammatory illness linked to COVID-19 in US

Michael Gewitz, Physician-in-Chief of Maria Fareri Children's Hospital, where the boy passed away, said the child suffered "serious neurological complications" from the pediatric multi-symptom inflammatory syndrome.




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Thane BJP corporators refuse to contribute to COVID-19 fund

In a letter to the Mayor, BJP leader Sanjay Waghule alleged that there was no transparency in the civic body's COVID-19 relief activities.




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Vande Bharat Mission: Now a UV based luggage disinfector system from DRDO

The baggage undergoes a 180-degree vertical orientation change between 2 separate UV chambers which help in ensuring uniform radiation exposure all throughout the surface.




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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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Mother’s Day 2020: 4 smart tips for new moms to manage their money well

Here are some financial planning tips for new moms to help you get your finances on track for a worry-free future.




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SBI vs HDFC vs ICICI vs Axis Bank: Where to get cheapest home loan? Rates compared

The marginal cost lending rate cut by banks and finance companies is good news for home loan and car loan borrowers whose loans are linked to MCLR. With the rate cut, all loans including home loans, auto loans, personal loans, etc., tied to the MCLR will become cheaper.




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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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What brought Franklin Templeton in SEBI’s crosshairs? Here’s why the fund house apologised

From wounding up six debt mutual fund schemes with an AUM of over Rs 30,000 crore, to dealing with the ire of investors, the fund house has been busy fire-fighting ever since the nationwide lockdown was announced.




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Telangana police to rollout AI-based system to check face mask norm violations

The state government, which has made wearing a mask mandatory in public places, on Thursday issued orders imposing Rs 1,000 as fine for those not complying with it.