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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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Sensex Crashes Over 2,000 Points as Global Selloff Intensifies amid Rising US-China Tensions

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.




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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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Petrol Price in Delhi Hiked by Rs 1.67 Per Litre, Diesel by Rs 7.10 as Govt Raises VAT

Petrol in Delhi now costs Rs 71.26 a litre as against Rs 69.59 previously, oil industry sources said.




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Tata Steel Leaves Indian Steel Association; TV Narendran Steps Down as President

An ISA official also confirmed Narendran's resignation but said the reason for his sudden resignation is not known yet.




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Gold Dips as Coronavirus-led Curbs Ease, Tariff Worries Persist

Investors, however, remained worried about brewing Sino-US tensions after President Donald Trump threatened new tariffs on China for its handling of the outbreak.




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NBFCs Ask RBI for One-time Restructuring of All Loans Till Mar 2021

Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown.




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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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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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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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Parliament Has Competence to Make Laws Regarding Recovery of Loans for Cooperative Banks: SC

The SC said cooperative banks cannot carry on any activity without compliance of the provisions of the Banking Regulation Act, 1949 and any other legislation applicable to such banks relatable to 'Banking'.




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Oil Prices Fall as Rising US Inventories Reassert Supply Concerns

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.




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Home Rental Company Airbnb Lays off 1,900 People as Coronavirus Slumps Business

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.




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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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Asia Gasoil Margins Drop to Record Low Amid Signs of Indian Export Surge

India's April gasoil exports closed at a four-month high of 2.73 million tonnes, compared with 2.53 million tonnes in March, according to Refinitiv oil research assessments.




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Oil Gains as US Inventories Grow Less Than Feared While Coronavirus Slashes Demand

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.




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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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SBI Cuts Benchmark Lending Rate by 15 Basic Points, New Special Deposit Scheme For Senior Citizens

Under this new product, an additional 30 basis points premium will be payable for senior citizen's retail term deposits with "5 Years & above" tenor only.




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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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Petrol, Diesel to Cost More in Rajasthan with Third Hike in VAT Rates amid Covid-19 Lockdown

The state government on Thursday increased the VAT on petrol to 38 per cent from 36 per cent earlier while on diesel to 28 per cent from 27 per cent earlier.




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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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SBI Hikes Home Loan Rates by Up to 30 Basis Points

The lender has also hiked interest rates on personal loans against property by 30 basis points.




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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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Asia Stocks Poised to Rise as Upbeat Earnings Trump Jobs Gloom

The upbeat sentiment follows gains of over 1% in main U.S. and European stock indexes on Thursday.




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ED Attaches AJL Mumbai Building Asset Worth Rs 16.38 Crore, Charges Moti Lal Vora

The Associated Journals Limited (AJL) is controlled by senior Congress leaders, including members of the Gandhi family.




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NFL Confirms League on Track for Full Season Starting September 10

National Football League said they are planning to announce the schedule for full regular season by late next week.




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Relief for Anirban Lahiri, Gets Exemption For Next Season In PGA Tour

PGA Tour decided to ensure status for all players, exempt in 2019-20, to retain their status for 2020-21, too.




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Kashmir Athletes Struggle to Practice During Coronavirus Lockdown

Kashmiri athletes like Afreen Hyder, Aijaz Hassan, Vilayat Hussain and more have to make do with the restricted spaces and still stay fit during Covid-19 lockdown.




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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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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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Athletes Harassed in Spain While Practicing Amid Confinement

Athletes always must go out carrying the proper documentation showing that they are allowed to be out, otherwise they can be subjected to fines.




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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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India Has Learnt to Accept Female Athletes But Still a Long Way to Go: Sania Mirza

Sania Mirza said she is proud apart from cricket, the biggest sports stars in India are women athletes




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Hugs, Rugby on Agenda as New Zealand Continues to Ease Coronavirus Lockdown

Under New Zealand's four-tier alert system, social distancing protocols are enforced less stringently under level two, allowing contact sports including the national game of rugby union.




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Taiwan Baseball League Set to Allow Fans Back in Ballparks from Friday

The China Professional Baseball League said up to 1,000 people would be permitted to enter ballparks from Friday.




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Taiwan Baseball Draws Foreign Fans Amid Scarce Live Sports Due to Covid-19 Shutdown

Taiwan's baseball league games are being streamed with English commentary, racking up millions of views for matches featuring cardboard cut-outs of fans and robots beating drums.




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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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NFL great Brett Favre Denies He Was Paid for No-show Speeches

Brett Favre said he never 'no-showed' anyone for advertisements, speaking engagements of anything like that.




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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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Roger Federer, Rafael Nadal or Novak Djokovic: Ivan Lendl Has a Way to Decide 'GOAT' Debate

Ivan Lendl believes whoever ends up winning the most majors among the 'Big Three', should be considered the greatest ever.




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2021 European Athletics Indoor Championships Event Schedule Released

The 36th edition of the European Athletics Indoor Championships is scheduled to take place from March 5 to 7 next year in Torun, Poland.




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DGVCL asks textile unit owners to pay dues by May 15




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Gujarat: Bharuch cleans its Covid-19 slate, last three patients discharged

The last three Covid-19 patients were discharged from hospital in Bharuch on Thursday. These patients were got discharged from the Jayaben Modi Covid-19 hospital in Ankleshwar, after their two test reports came negative.




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Gas leak: 500kg neutralizer from Vapi flown to Visakhapatnam

Around 500kg of specialized chemical to neutralize the effect of chemical leakage from LG Polymer plant at Gopalapatnam on the outskirts of Visakhapatnam, was airlifted from Daman in an Indian Coast Guard plane on Thursday afternoon.