d

For every $1 billion remitted, 117 Indians die in 6 Gulf nations

The embassies in Gulf countries have not been forthcoming in providing data under RTI on the number of deaths.




d

India to retain top position in remittances with $80 billion: World Bank

India is followed by China ($67 billion), Mexico and Philippines ($34 billion each), according to World Bank.




d

India highest recipient of remittances at $79 bn in 2018: World Bank

India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion).




d

Now shop at Dubai airports using Indian Rupee

The acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates.




d

India was the top recipient of remittances worldwide in 2018

India was the top recipient of remittances worldwide in 2018, data from the World Bank shows. The remittances were boosted in part by migrants from Kerala sending.




d

Diaspora deposits down 29 per cent in FY20

NRI deposits between April & August saw an inflow of $4 billion, compared with $5.7 billion in the same period last year. NRIs in the Gulf, who contribute the maximum to the deposit chunk, are showing preference towards mutual funds.




d

With $78 billion, India still highest overseas remittance receiver

India continues remains the top recipient of remittances, with its diaspora sending back $78.6 bn in 2018.




d

'Nothing adverse' in overseas remittance data, says CBDT

“The Directorate of Intelligence & Criminal Investigation (I&CI) of the income tax department during August and September 2019 obtained LRS data from several banks in Mumbai and Delhi and verification of the top 100 cases was undertaken. However, nothing adverse was found,” said the report, which was submitted to SIT probing black money earlier this year.




d

Fino Payments Bank logs 80 per cent plunge in domestic remittances

The payments bank sees average monthly remittances of close to Rs 5,000 crore from daily wage earners working in various factories, construction sites, small businesses, plumbers, carpenters, cab drivers, among others.




d

‘Dr Saifullah’ of Wani gang may head Hizbul Mujahideen now

Riyaz Naikoo’s death has left a serious void at the top for HuM and possible successors being considered are "Dr Saifullah" or Abu Musaid, a resident of Malangpora in Pulwama, who was part of the Burhan Wani group of 12 terrorists, and Juniad Sehrai, chief of the Hurriyat’s Geelani faction who joined the terror group in 2018.




d

Road link to Line of Actual Control achieved, faster route for Kailash-Mansarovar pilgrims and security forces

Defence Minister Rajnath Singh on Friday inaugurated the road link from Dharchula, a town in Uttarakhand's Pithoragarh district, to the Lipulekh pass, which is located at an altitude of 17,060 feet at the border between India and China.




d

Naikoo encounter:Restrictions tightened across Kashmir to maintain law and order

They said while the government is strictly enforcing the COVID-19 lockdown, the additional restrictions were imposed on Friday to ensure that the day passes off peacefully.




d

China needs more nuclear warheads: Global Times editor

The Global Times is published by the People's Daily, the official newspaper of China's ruling Communist Party. The party has been known to float ideas and guide public sentiments via the Global Times, which tends to take a nationalistic stance on issues involving other countries.




d

30 more BSF personnel test positive for COVID-19, total cases rise to 223

"Thirty new cases of COVID-19 (six from Delhi and 24 from Tripura) have been reported from different establishments. All of them are under the best available medical care at AIIMS-Jhajjar and G B Pant Hospital, Agartala," BSF spokesperson Shubhendu Bhardwaj said in a statement.




d

KLO recruitment module busted in Assam, seven militants held

"The apprehended extremists include the recruitment module operational head Lankeshwar Koch alias Lambu, a Myanmar-trained self-styled area commander of Lower Assam. Four Bangladesh-trained militants and two newly recruited cadres were arrested," the spokesman said.




d

Defence Ministry signs contract with Tata Power SED for infra modernisation at 37 airfields

This is the phase two of the Modernisation of Airfield Infrastructure (MAFI) programme, the ministry said, adding that airfields of the Indian Air Force were upgraded in the first phase.




d

Shah expresses concern over rising coronavirus cases in Central Armed Police Forces

Union Home Minister Amit Shah chaired a meeting of the DGs of all Central Armed Police Forces (CAPFs) where he appreciated the commendable work done by these forces and expressed concern over increasing COVID-19 cases, a home ministry spokesperson said.




d

Indian Army, IAF helicopters and Indian Army troops evacuated crew in Sikkim

Immediately on receipt of information, on May 7 , Indian Army rescue columns with personnel of ITBPs too, moved on foot, traversing dangerous terrain in bad weather, to the helicopter landing site to evacuate the individuals and provide medical aid, for which a doctor of the ITBP also accompanied.




d

Get involved in internal political processs in Afghanistan, US urges India

The US asked India to get involved in the internal political process in Afghanistan. Sources said this formed the core of the discussions between US special envoy, Zalmay Khalilzad and foreign minister S. Jaishankar, NSA Ajit Doval and foreign secretary Harsh Shringla in Delhi.




d

CISF reports 13 fresh COVID-19 cases; max in Delhi metro unit

Among the 48 active cases, maximum 31 are in the unit that guards the Delhi Metro followed by 13 in the Mumbai international airport guarding unit. The maximum rise in cases, at 10, over the last 24 hours has also been reported from the Delhi Metro guarding unit. The force is tasked to guard civil airports (63 at present) in the country and vital infrastructure.




d

Nepal raises objection over India inaugurating crucial link road passing through Lipulekh Pass

Nepal's Foreign Affairs Ministry in a statement said the government "has learnt with regret" about the inauguration of the link road connecting to Lipulekh pass, which Nepal claims to be part of its territory. The 80-Km new road inaugurated by Defence Minister Rajnath Singh on Friday is expected to help pilgrims visiting Kailash-Mansarovar in Tibet in China.




d

Road along Nepal border falls within Indian territory

In response to queries on inauguration of road on 8th May in Pithoragarh district Uttarakhand, MEA Spokesperson stated, “We have seen the Press Release dated 9th May 2020 issued by the Ministry of Foreign Affairs of Nepal pertaining to the inauguration of a road in India.”




d

Insurers rework sales pitches post Covid-19

These companies have undertaken massive exercises to retrain agents to approach and convince customers to buy new policies and renew premiums entirely through digital channels such as WhatsApp or Zoom, while also rejigging sales strategies starting right from the drafts used by agents to approach prospective customers, said people aware of the developments.




d

Covid impact: Companies may restrict business travel

Globally, the pandemic has had a far-reaching impact and responsible organisations will choose not to put any employee at risk, feels Dayapatra Nevatia, chief operating officer, Mindtree.




d

India Inc’s traditional CSR may end up in containment

With donations to the PM-Cares Fund and Covid-19-related relief work eligible to be considered CSR expenditure, most companies are likely to nearly exhaust their current CSR budgets after donating to this fund or related relief work.




d

Covid-19 impact: After being locked down, companies now set to suffer labour pain

Industry leaders said April-June quarter would be a washout even for the high and mighty.




d

Expired e-way bills biggest challenge for India Inc

India Inc’s first attempts to move goods across states after the easing of lockdown curbs were hobbled by expired e-way bills which made it near impossible for transporters to cross checkpoints.




d

Manufacturing factories ready to roll under tough norms

After nearly a month and a half in lockdown, the country's mega manufacturing engine is taking baby steps towards opening factories, but under strict hygiene and social distancing norms.




d

Corporate borrowings hit amid lockdown

Charge filings, which indicate new loans or additional collateral towards past loans, fell 57.4% to 277 in March and April combined from 650 in January and February, according to data compiled by Propstack, a financial data intelligence provider.




d

Guidelines out for companies willing to work with 33% staff

The guidelines mandate companies to strictly observe the social distancing protocol, including restricting the number of people in a lift, providing health insurance to workers and random testing for Covid-19.




d

Covid-19: To keep staff safe, companies reach out even to their neighbours

It took for the company’s HR department to visit the villages and show them the letters of approval received from the ministry of textile, local administration and to explain to the residents how this will help the country’s effort to fight the pandemic. HR departments face the additional task of convincing not just employees but their neighbours too of the hygienic conditions.




d

Home alone, India Inc's pros have stress for company

There has been a 35-40% increase in the number of cases of stress and panic attack in April over previous months, according to data from counselling firms. A large number of the callers seek cure for mental stress arising out of social isolation and the workfrom-home milieu — leading to anxiety, depression, loneliness.




d

Companies to see frauds in their CSR programs during Covid-19 pandemic: EY report

75% companies lack a structure or policy to address frauds in CSR programs, the report said. Many companies that are now looking to allocate their CSR funds towards Covid-19 related programs, but still do not have structures in place that could avoid frauds, it said.




d

Calcutta HC allows MP Birla Group companies to declare voting results of its AGM

On Monday, the court had also said that the order is not sustainable in view of the fact that orders and/or directions were passed interfering with the holding of AGM by the companies that are separate juristic entities without first deciding the issue of jurisdiction.




d

Birlas to challenge Harsh Lodha's reinstatement as director in MP Birla Group firms

The decision of the Birlas comes in spite of a favourable verdict from a two-judge division bench of the Calcutta High Court which on Monday had asked the probate court to hear the appellant MP Birla Group companies afresh, which was one of their key petitions.




d

Get India fully back to business, says India Inc

Industry captains say economy and jobs must be central focus now, and policymakers have to recognise that the country will have to live with and work around Covid-19. India Inc’s growing call on reopening India for business comes amidst a blizzard of grim economic forecasts. Economic growth in FY21 can be negative, according to Nomura, ICRA and others.




d

With little to cheer, companies cut festive spend

Production cuts will be most in premium product portfolio as companies expect consumers to curb discretionary spending as the impact of the Covid-19. Manufacturing orders fall by up to 40% year on year as they expect much of current stock to remain unsold till then, company executives said.




d

Global brokerages upbeat on RIL after third Jio deal, raise targets

CLSA maintained its 'buy' rating on the stock, with a target price of Rs 1,770.




d

Brave New World: High govt borrowing comes at a great cost

​​Fed fund futures are now pricing negative fed rate by June 21.




d

No 'V'-shape return from devastating US job loss, Fed policymakers say

But the economy can’t rev up too quickly, not as long as the virus is still loose.




d

Lockdown 3.0: Some auto cos resume production, others prepare to restart manufacturing

The country's largest carmaker Maruti will resume operations at its Manesar plant from May 12.




d

Daimler India Commercial Vehicles resumes plant operations

The company said it was able to restart operations at the plant in less than 24 hours after receiving permission from local authorities as it had started intensive preparation even before the lockdown in India came into effect in March, DICV said in a statement.




d

COVID-19: Maruti Suzuki leans on Wellness Mitra App for employees' safety

​The app that complements the Aarogya Setu App has been made mandatory for all employees across the value chain, requiring them to update their health status, including close family members, on the app everyday. It has been developed to ensure safety and monitor employees' health on a real time basis.




d

Automakers are hitting the country roads to help crank up an industry in big freeze

Car and bike-makers are gearing up to sell more in Bharat to counterbalance shortfall in demand in the cities.




d

Maruti Suzuki and Hyundai Motor consider 2nd shift, even as vendors struggle to get back

Component makers are also working overtime to restart factories, but delays in getting approvals are causing hindrance in some states, especially in Maharashtra and Tamil Nadu that have the biggest automotive manufacturing hubs, industry insiders said. This, they said, could weigh on the plans of the automakers.




d

Will expedite scrappage policy, extend compliance timelines for auto companies where possible: Gadkari

“I have been trying for the last two years to pursue the scrappage policy. I have asked the Secretary (ministry of road transport and highways) to expedite the scrappage policy. Because this will help reduce production cost,” Gadkari said in an interaction with SIAM Institute on Thursday.




d

BMW Group India resumes local production at Chennai plant

German car maker BMW commenced operations at the Chennai plant in accordance with the government-initiated guidelines. The company also stated that the BMW, MINI and BMW Motorrad dealerships across the country would restart the operations in adherence to local government directives.




d

20% of auto retailers open shutters on lockdown relaxation; witness muted walkins and enquiries

Maruti Suzuki restarted operations at 680 dealerships till Wednesday, covering almost 35% of the addressable market. The nation’s largest carmaker is seeking permission from local authorities to reopen all but 500 of its remaining over 2,400 outlets. The 500 showrooms are in Covid-19 containment zones.




d

Mahindra unveils online car buying platform

The company in its statement said that in 4 steps, a customer can avail of online exchange, finance and insurance, personalize & own their chosen Mahindra vehicle.




d

Ceat extends warranty on tyres by three months

The decision to extend warranty on tyres has been taken to express solidarity with customers amidst the continued lockdown, Ceat Tyres said in a statement. The extention is valid on tyres whose warranty is due to expire between March 1 and May 31, it added.