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CII For Greater Industrial Activities in Districts With High Economic Performance

The government has permitted industrial estates, SEZ and industrial townships with restricted entry within urban areas of 'red zones' to commence operations.




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Days After Facebook Deal, Jio Platforms Gets Rs 5,655.75 Crore Investment from Silver Lake

The deal comes less than two weeks after Facebook spent $5.7 billion to buy a 9.99 percent stake in Jio. The Facebook-Jio deal was the social media network’s biggest since its $22 billion buyout of WhatsApp in 2014.




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India Doubles Down on Solar, Gas at Coal's Expense as Electricity Use Falls

India's solar and gas-fired electricity generation rose in April even as overall power demand fell at the steepest monthly rate in at least thirteen years, a Reuters analysis of provisional government data showed.




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Indian State Retailers' April Petrol Sales Down 61%, Diesel by 57%: Sources

The state retailers' petrol and diesel sales in first half of April declined by 61% and 64%, respectively, as a nation-wide lockdown to curb the spread of the coronavirus brought economic activity to a standstill.




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Remdesivir Expected to be Available for Covid-19 Patients from Next Week: Top Company Official

Remdesivir is authorised for the treatment of hospitalised patients with severe Covid-19 disease though the optimal duration of treatment is still being studied in ongoing clinical trials.




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US Retailer J. Crew Files for Bankruptcy: Statement

The brand, whose clothes have been worn by former first lady Michelle Obama, said online sales operations, which account for more than half its revenues, will continue as normal.




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Bharat Petroleum Seeks LNG Cargo for May 25 Delivery, Says Report

Bharat Petroleum was seeking to buy a May 25 delivery cargo two weeks ago, but the tender was not awarded then, market sources said previously.




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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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RBI May Extend Moratorium on Loans by Another 3 Months

Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RBI is actively considering them, according to sources.




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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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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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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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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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Govt Hikes Excise Duty on Petrol by Rs 10 a Litre, Diesel by Rs 13 a Litre; No Change in Retail Rates

These duty rate changes will come into effect from May 6.




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EPFO Allows Employers to Register Digital Signatures via Email

Currently, authorised persons of employers have to go to the Employees' Provident Fund Organisation (EPFO) offices to get their digital signatures registered.




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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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MSMEs Need Govt Push to Benefit from Comparative Advantage over China-made Consumer Goods: Report

It further said that although 2020 is a lost year, in terms of trade, India can think long-term and build relations so that it can occupy the space vacated by China.




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India to Send Investment Pitches to More Than 1,000 American Companies to Relocate From China: Report

India is prioritizing medical equipment suppliers, food processing units, textiles, leather and auto part makers among more than 550 products covered in the discussions.




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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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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.




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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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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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India's Rating Outlook Reflects Rising Risk of Slower GDP Growth, Low Policy Effectiveness: Moody's

Moody's Investors Service on Friday said the negative outlook on India's rating reflects increasing risks that GDP growth will remain significantly lower than in the past and partly hints at weaker policy effectiveness to address economic and institutional issues.




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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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CII Bats for Immediate Stimulus Package of Rs 15 Lakh Crore

Confederation of Indian Industry said a substantive stimulus is required from the government in the form of support to the poor and to the industry.




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Bank Credit Up 6.74% to Rs 102.69 Lakh Crore, Deposits Rise 9.82%: RBI Data

In the year-ago fortnight, bank loans had stood at Rs 96.20 lakh crore and deposits at Rs 124.83 lakh crore.




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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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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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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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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.




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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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Rory McIlroy, Dustin Johnson to Feature in Coronavirus Relief Golf Charity Match

A statement said 'appropriate testing measures' would be put in place to protect the health of players, production crew and others on site.




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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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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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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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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 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.




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'I Think You Were Fanboying': Maria Sharapova Looks Back at First Dinner with Novak Djokovic

Maria Sharapova recalled how Novak Djokovic earned himself a dinner with her by winning a match.