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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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Global Markets Drop, Spooked by China-US Tensions Over Virus

Benchmarks fell in most countries except for Australia, which was lifted by signs its own virus outbreak is being brought under control.




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IRDAI Sets up Panel to Draft Standard Professional Indemnity Policy for Insurance Intermediaries

Professional indemnity policy offers protection to professionals against potential claims for injury or loss resulting from their advice action for failure to fulfil their duties.




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RBI Governor Meets NBFCs and MFs Sector, Reviews Liquidity Situation

Sectoral meetings, held separately in two sessions through video conference, were also attended by Deputy Governors and other senior officers of RBI.




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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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Average Daily Aadhaar-enabled Transactions Double; Over Rs 16K Cr Disbursed During Lockdown: FinMin

As many as 43 crore transactions leading to disbursement of Rs 16,101 crore took place during the lockdown period, the Finance Ministry said in a tweet on Monday.




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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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US Financial Body Gives $15 Mn Loan to Indian Start-up to Expand Access to Quality Education

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.




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Commerce Ministry Recommends Continuation of Anti-dumping Duty on Chinese Chemical

Imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime. India and China are members of this Geneva-based organisation, which deals with global trade norms.




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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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US Trade Deficit Widens to $44.4 Billion in March on Falling Exports

Imports also fell, but only by 6.2 percent, as transportation and shipping began to close down worldwide.




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US Private Hiring Collapses in April, Plunging 20.2 Million, Says Payroll Firm ADP

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.




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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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Steel Giant ArcelorMittal Reports Net Loss of $1.1 Billion in First Quarter Amid Coronavirus

The company also had to reduce production due to reduced demand.




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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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ArcelorMittal Reports $1.1 Billion Net Loss in Jan-Mar Quarter

The world's largest steelmaker had posted a net income of USD 0.4 billion in the year-ago quarter.




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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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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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Public Sector Banks Sanctioned Rs 5.66 Lakh Crore Loans during March-April: Nirmala Sitharaman

She further said that state-owned banks implemented the moratorium announced by the RBI on repayment of loans.




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Reliance Jio Sells 2.3% Stake to US Tech Fund Vista Equity Partners for Rs 11,367 Crore

This is the third high profile-investment in Reliance Jio in as many weeks.




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Cognizant Q1 Net Falls 16.7% to $367 Million; Sees Challenging Demand Environment in 2020

Cognizant follows January-December as financial year. Its net profit was at USD 441 million in the March 2019 quarter.




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Sensex Rallies Over 600 Points in Early Trade; RIL Jumps 2% After Jio-Vista Equity Fund Deal

Equity benchmark Sensex rallied over 600 points in opening session on Friday as strong gains in index-heavyweight Reliance Industries, massive foreign fund inflow and positive global cues boosted market sentiment.




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Coronavirus Lockdown: PSBs Have Sanctioned Loans Worth Rs 42,000 Crore To MSMEs, Corporates So Far

Many MSMEs and corporates have also availed the three-month moratorium offered by banks as per the Reserve Bank of India




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Lockdown-hit Industry Demands Suspension of Labour Laws For 2-3 Years

The employers' organisations also sought relaxation of the provisions of the Industrial Disputes Act to treat the lockdown period as lay-off.




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CBDT Defers Requirement of Registration of Charitable, Religious Trusts by 4 Months Till October 1

Earlier, such registrations/approvals were granted without any specific expiry period unless specifically withdrawn by concerned tax authority.




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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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To Woo Investors Pulling Out of China, UP Min Takes Suggestions from European Delegates on Improving Biz

Sidharth Nath Singh informed the participants, through video conferencing, about the developmental projects being undertaken in the state; including the Jewar Airport, said to be key to improving the state's airways connectivity.




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New Zealand Warriors Coach Urges Players to Help NRL Restart by Following Covid-19 Rules

Stephen Kearney sees this as a chance for Australia's National Rugby League to be one of the first sports in the world to emerge from Covid-19 shutdown.




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Taylor Fritz, Addison Rae Win Glitchy Mario Tennis Charity Tournament

Taylor Fritz and Addison Rae beat Kei Nishikori and DJ Steve Aoki in the final of the Mario tennis charity tournament.




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Swimming World Championships Moved from 2021 to 2022

FINA announced that world championships were due to be held in Fukuoka next year from July 16-August 1 but will instead take place from May 13-29 in 2022




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Coronavirus Forces Cancellation of Japan Sumo Tournament

The next sumo 'basho' or tournament had been scheduled to begin on May 24, after organisers delayed the event by two weeks over the pandemic.




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Stage Set for Online Nations Cup Chess Tournament; Viswanathan Anand to Lead 5th Seeded India

India will be represented by Viswanathan Anand, Vidit Gujrathi, P. Hari Krishna and Koneru Humpy at the online Nations Cup.




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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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Tennis Plans Coronavirus-related Financial Fund: 800 Players, $6 Million

Money though the Player Relief Programme, run by ATP, WTA, Grand Slam organisers and ITF, will be divided equally among men and women.




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Sports Ministry Invites Nominations for National Sports Awards Through E-mail

The nomination inviting process usually begins in April but was pushed back due to Covid-19 lockdown and now, the final date of submission has been fixed at June 3.




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National Rugby League Reaches Tentative Pay Deal, Training Set to Resume

Social-distancing restrictions are still in place in Australia, so 'normal' full-contact training will not resume for another week at least.




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IOA Seeks Feedback From Athletes, Coaches on Resumption of Training

NSFs and State Olympic Associations have been asked to collect feedback from the stakeholders such as athletes, coaches, support staff, central and state government ministries, match officials and sports administrators




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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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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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India Loses to Rest of World after Draw With USA in Online Nations Cup

India lost to Rest of the World in the second round of the FIDE-Chess.com Online Nations Cup after against USA.




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Tennis Establishes Coronavirus Player Fund, Raises $6 Million

The Player Relief Programme will support those 'who are facing unprecedented challenges due to the global impact of Covid-19'.




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India Suffers Two Defeats on Second Day of Online Nations Cup Chess

India, on the second day of the FIDE-Chess.com Online Nations Cup, lost its third and fourth round matches to Europe and China by similar 1.5-2.5 margins




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NFL Great Brett Favre to Repay $1.1 Million Paid for Speeches Never Made

The spending by the Mississippi Department of Human Services showed Brett Favre had been paid $1.1 million for three speaking engagements, none of which he participated in.




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Australian Open Organisers Admit Cancellation of Grand Slam in January Possible Due to Covid-19

Tennis Australia spoke about the uncertainty around restrictions around coronavirus and said they will have to plan for all possible scenarios.




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SAI Makes Services, Excluding Food, Inside its Stadiums Free for IOA and NSFs

SAI has made electricity, water, housekeeping, hostel free for IOA and NSFs and the organisers will now have to make only food and beverages arrangement for an event.




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Athletes Could be Particularly Vulnerable to Serious Covid-19 Symptoms, Says Union

Director of World Players' Association said players were willing to take a calculated risk to resume their sporting careers, social distancing rules cannot be adhered to in most sports.




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India Register 1st Win in Online Nations Cup, Beat Rest of World

India defeated Rest of the World 2.5-1.5 in the seventh round, their first win in the Online Nations Cup.




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Ultimate Fighting Championship Returns After Seven-week Sporting Shutdown

UFC chief Dana White touts the return of the mixed martial arts as a step toward normalcy and a boon for sport-starved fans.




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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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Surat: 41 migrants arrested for violence in Pali

The uncertainties over their return to native states has left the temper of migrants frayed.