al

Govt Allows Businesses to Verify Monthly GST Return through EVC

Currently, businesses are required to digitally sign GSTR-3B form while filing monthly return and paying taxes.




al

Kotak Mahindra Bank Declares 10 Per cent Pay Cut for Staff with Over Rs 25 Lakh Annual Salary

The move from Kotak Mahindra comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21.




al

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.




al

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.




al

Coronavirus Lockdown: India's Coal Import Declines by 29 Percent in April

Coal Minister Pralhad Joshi had earlier written to state chief ministers asking them not to import dry-fuel and take the domestic supply of fuel from Coal India Ltd.




al

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.




al

Govt Working on Financial Package for all Sectors of Economy, Says Official

Participating in the same meeting, Union Minister for MSME and Road Transport and Highways Nitin Gadkari also said "a package is going to be declared".




al

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Yes Bank's board had to be superseded by the RBI and the government earlier this year after alleged mismanagement under its founder CEO Rana Kapoor.




al

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.




al

Govt Buys 216 Lakh Tonnes Wheat from Farmers at MSP so far, More Than Half of Target

The procurement of wheat and rice (second crop) during the ongoing Rabi season has picked up pace despite severe logistical constraints posed due to countrywide lockdown," the food ministry said in a statement.




al

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.




al

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.




al

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.




al

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.




al

India May See 0% GDP Growth This Fiscal Year, Says Moody's

The ratings agency said it expected India to see no growth in financial year 2021 and bounce back to a 6.6% GDP growth in FY22.




al

Equity Mutual Fund Inflows Hit 4-month Low of Rs 6,108 Crore in April

Overall, the mutual fund industry witnessed net inflows of Rs 45,999 crore across all segments, data by the Association of Mutual Funds in India showed on Friday.




al

Sensex Ends 199 Points Higher; Reliance Industries Rallies over 3 Percent

After rallying 645.13 points during the day, the 30-share index surrendered most gains to settle 199.32 points or 0.63 per cent higher at 31,642.70.




al

Record Excise Duty Hike Unlikely to Help Bridge Fiscal Gap: Report

Despite crude prices trading at a two decades low, the government had earlier this week hiked excise duty on petrol by Rs 10 a litre and on diesel by Rs 13 a litre to mop up nearly Rs 1.6 lakh crore in additional revenue this fiscal.




al

Covid-19 Impact: Govt Hikes Market Borrowing Limit To Rs 12 Lakh Crore For Financial Year 20-21

Finance Minister Nirmala Sitharaman in her Budget for 2020-21 had pegged gross borrowing in the new financial year at Rs 7.8 lakh crore, higher than Rs 7.1 lakh crore estimated for 2019-20.




al

Making Effort to Ensure Orderly, Equitable Exit to Investors: Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund also issued an apology to Sebi and said that comments of its top executive Jenny Johnson were wrongly interpreted, diluting her responses about the reason for winding up of schemes.




al

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.




al

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.




al

Here's All You Need to Know About Sovereign Gold Bond Scheme Opening on Monday

While the first instalment of the SGB 2020-21 series was open for subscription from April 20 to 24, the current issue will be open from May 11 to May 15.




al

Ex-RBI Governor Rangarajan Heads Committee to Look at Tamil Nadu's Post-virus Fiscal Challenges

According to the Tamil Nadu government, the committee comprises economists, industrialists, vice chancellors, bankers, government officials and others.




al

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.




al

'It's the Worst Thing Ever': Ex-NHL Enforcer Georges Laraque Hospitalised with Covid-19

Georges Laraque, who is asthmatic, developed pneumonia in both lungs and was hit by nightly fevers post hospitalisation after testing positive for Covid-19.




al

Singles Only, Don't Share Tennis Balls, No Handshakes: Austrians Return to Tennis Court

Tennis is one of several social-distancing-compatible sports the Austrian government has allowed to resume as they ease the Covid-19 lockdown.




al

Online Blitz Chess Tournament Raises Rs 4 Lakh for Kerala CM Relief Fund

The Checkmate Covid-19 Blitz Open, organised to raise funds for Kerala's fight against Covid-19, was won by Grandmaster SL Narayanan.




al

'My Mother is Still Complaining' Leander Paes Reveals Outcome of #FryingPanChallenge

Leander Paes revealed that his mother was not to happy with his viral challenge that took social media by storm.




al

Coronavirus Could End Paralympic Dream for British Badminton Player

Mary Wilson, a multiple sclerosis sufferer, hoped to qualify for Tokyo Paralympics but being 56-year-old, she recognises that with Covid-19 roadblock, time may not be on her side.




al

Chinese Swimming Star Sun Yang Appeals Against Doping Ban: Report

Sun Yang was found guilty of refusing to give a doping sample and was banned for eight years for the same.




al

Returning Before US Open Amid Coronavirus Pandemic is 'Unrealistic', Says Taylor Fritz

Taylor Fritz said that the tennis authorities are looking to stage the US Open but he was unsure if they will be able to do that.




al

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.




al

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.




al

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.




al

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.




al

'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.




al

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.




al

World Archery Puts All Its 13 Staff on 'Temporary Partial Unemployment'

World Archery executive board had suspended all its events till August 31, resulting in a huge losses to the federation.




al

Spanish Club Says it Mistakenly Allowed Novak Djokovic to Train Against Covid-19 Rules

Novak Djokovic published a video of him training on Monday in apparent violation of Spain's current rules amid the coronavirus pandemic.




al

French Open in Talks with Governing Bodies Amid Rescheduling Reports

French tennis federation's decision to postpone the French Open to late September amid the Covid-19 crisis was widely criticised because the new dates clashed with the hardcourt season.




al

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.




al

Anti-doping Hearings to be Conducted Online Amid Covid-19 Lockdown: NADA Director General

NADA hearings have not been taking place due to the lockdown to contain the Covid-19 pandemic.




al

Tennis Star Dominic Thiem Participates in Global Charity Run

The global charity run also saw over 400 Indians running for the noble cause raising over 1250 Euros.




al

Tokyo Olympics Postponement Doesn't Bother Saurabh Chaudhary, Always Training to be at His Best: Amit Sheoran

Saurabh Chaudhary's coach Amit Sheoran said for his ward it doesn't matter if the Tokyo Olympics are held tomorrow, after a year or even after 10 years




al

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




al

Need to be Sensitive While Coaching Young Female Sportspersons: Sania Mirza

Sania Mirza said that coaches need to be sensitive of the hormonal changes that girls go through while working with them.




al

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.




al

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.




al

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.