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Additional Alternate Care Site Announced

Smryna – The Delaware Emergency Management Agency (DEMA) and the State Health Operations Center (SHOC) are announcing today the plan for an additional alternate care site (ACS) to support Kent and Sussex Counties.  This plan is to accommodate overflow patients from Delaware hospital systems as they begin to experience a surge in patients with coronavirus […]




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OMC stocks plummet after excise duty hike on petrol, diesel

Shares of oil marketing companies (OMCs) crashed on the bourses on Wednesday, reacting to the decision of the central government to hike excise duty by Rs 10 per litre on petrol and Rs 13 per litre on diesel.




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Delhi HC allows Bharti Airtel to rectify GST returns, claim Rs 923-crore refund

In a relief to Sunil Bhari-led Bharti Airtel, the Delhi High Court has allowed the telco to rectify its GST returns for July 2017 to September 2017 and thus claim refund of Rs 923 crore, which was denied earlier by the tax department.




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Bengal discom may seek govt guarantee for bank loans to meet expenses

West Bengal State Electricity Distribution Company (WBSEDCL) is likely to seek bank guarantee from the state to take fresh loans so that it can meet salary expenses for its 18,000-odd workers for May.




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OMCs to cut margins: Steep fuel tax hikes swell Centre’s pocket, collection to touch Rs 1.4-lakh-crore/year

The steep hikes on auto fuel taxes - Rs 10/litre on petrol and Rs 13/litre on diesel – announced by the Centre late Tuesday won’t inflate the retail prices of these fuels immediately.




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Around 40 laid off from Jet Airways’ remaining staff, lenders to decide on fresh round of EoIs

The Covid-19 pandemic has dealt a severe blow to the already grounded and insolvent Jet Airways. About 40 people who were a part of Jet’s asset preservation team were let go earlier this week.




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BSNL employee union backs purchase from foreign firms, calls Indian products substandard

The union said it was unfair to direct BSNL alone to buy local 4G equipment, largely untested and of substandard quality, from inexperienced companies while letting private operators buy from global players.




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India Post provides Rs 720-cr cash at doorsteps via AePS since March 25

During the period, around 2.7 crore Post Office Savings Bank transactions were carried out involving more than Rs 40,000 crore, while 1.3 crore India Post Payments Banks (IPPB) transactions were carried out worth Rs 2,854 crore.




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Persistent focus on hi-tech & health saves the day in Q4

Persistent Systems will not implement salary cuts, large-scale layoffs or furloughs but they may, at best, be deferring the wage hikes scheduled to take place in July, Sapre said.




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Sify eyes cloud, network access and e-learning for growth post lockdown

The company is currently addressing the upgrade and downgrade requirements of customers, based on demand.




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Fighting covid-19 with tech: Zoho’s apps aid study & work

SaaS major Zoho has introduced targeted programmes and tools to help businesses and communities severely impacted by the Covid-19 pandemic




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HCL Tech Q4 net up 24.3 pc to Rs 3,154 cr, sees short-term impact of COVID-19

HCL Tech's revenue grew 16.3 per cent to Rs 18,587 crore in the March 2020 quarter, from Rs 15,990 crore in the year-ago period.




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Hirings dip massively in April due to coronavirus lockdown; these sectors cut most jobs

The coronavirus pandemic has dealt a massive blow to the hirings trend in the last month with the employment rate slipping by a massive 62% as compared to last year.




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Zomato’s liquor at home service: Now, alcohol lovers may not need to queue up for drinks

Your liquor may now soon start getting delivered by Indian food delivery company Zomato as the company aims to branch out into delivering alcohol.




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2020 to be year of survival for entrepreneurs; here’s why Covid is true test of ease of doing business

Ease of Doing Business for MSMEs: All the government services like clearances, issuing licenses, approvals etc. should be online and time-bound. The onus of delay should be on the officer concerned and be made liable for payment of damages for causing delays.




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OnePlus 7T Pro gets massive Rs 6,000 discount after OnePlus 8 Pro, OnePlus 8 launch

The OnePlus 7T Pro is still a potent buy even after the launch of the OnePlus 8 Pro.




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All you need to know about LG Polymers plant at the centre of Vizag gas leak

LG Polymer plant uses raw material styrene to make its products, which is highly flammable and releases a poisonous gas when burnt.




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India seeks to replace China as global companies’ first choice; looks to lure 1,000 US firms

India is seeking to lure US businesses, including medical devices giant Abbott Laboratories, to relocate from China as President Donald Trump’s administration steps up efforts to blame Beijing for its role in the coronavirus pandemic.




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ArcelorMittal reports $1.1 billion net loss in March quarter

"ArcelorMittal recorded a net loss for quarter 1, 2020 of USD 1.1 billion... as compared to a net loss for quarter 4, 2019 of USD 1.9 billion and a net income for quarter 1, 2019 of USD 0.4 billion," the company said. 




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Samsung is bringing over 20,000 offline retailers online to make Galaxy phones available for buying during COVID-19 crisis

After Vivo and Xiaomi, Samsung is also kicking off an online to offline sales strategy.




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Need govt push for MSMEs to benefit if India capitalizes on exodus of factories from China, says SBI

Trade, import and export for MSMEs: For India to benefit from the relocation of factories and companies from China, the MSME sector is likely to play a key role. This is particularly for food product manufacturing sector where India lacks competitiveness in exports.




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Coronavirus lockdown perfect opportunity to strengthen weak links in supply chain of essential goods

With the country remaining under a lockdown due to coronavirus, the supply chain of essential goods has been disrupted, but, the same has also presented the government with an opportunity to identify and plug those gaps.




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Swiggy co-founder Rahul Jaimini quits after six years; to join this edtech startup

A founder leaving a large internet company hasn’t been a very common move in the Indian startup ecosystem. Nonetheless, in a similar instance, Zomato’s co-founder Pankaj Chaddah had left the company in 2018 after 10 years.




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ONGC, OIL earnings to decline, credit metrics weaken due to lower oil prices: Moody’s

Oil prices in the international markets last month slumped to a two-decade low of USD 18 per barrel before rebounding by some measure.




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UP resumes sale of ‘paan masala’ but with a condition

The Uttar Pradesh state government has lifted the ban on production and retail of nicotine and tobacco-less ‘paan masala’ products.




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Visakhapatnam gas leak: LG Polymers’ Vizag plant produced stuff used to make disposable plastic cutlery

The Vizag plant manufactures polystyrene (PS) that finds wide utility in the food-service industry as rigid trays and containers, disposable utensils, and foamed cups, plates and bowls.




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Tata Consumer Products ties up with Domino’s Pizza, Zomato to deliver essential goods

These channel partnerships have been done in a phased manner, with Flipkart being the first e-commerce platform to enable the availability of its essential products in Mumbai, Bengaluru and Delhi.




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MSME sector on verge of collapse, says Union Minister Nitin Gadkari

The minister also noted that the pendency of dues owed to MSME units by the central government, state governments, public sector undertakings and major industries was "very high".




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Govt announces financial package to ramp up coir usage; signs MoU with IIT Madras

Credit and Finance for MSMEs: MSME Ministry on Thursday announced an MoU between the Coir Board and IIT Madras for setting up a Centre of Excellence to boost the use of coir “exclusively or in combination with other natural fibres".




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Air India divestment process looks very uncertain amid COVID-19 crisis, says Crisil

In another attempt to sell loss-making Air India, the government, in January this year, sought Expression of Interest (EoI) and the deadline for submission of EoI has now been extended till June 30.




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Govt expects over 300% jump in restructured MSME loans by year-end; urges industries to clear dues

Credit and Finance for MSMEs: Nitin Gadkari said that the government has made some decisions to help MSMEs grow in the post-Covid scenario such as increasing their working capital limit by 20 per cent.




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Govt amends Income Tax rules for faster resolution of multinational corporations’ tax disputes under MAP

. Upon acceptance of the resolution, the assessee shall withdraw any appeal filed in this regard and pay the tax determined by the assessing officer after giving effect to the resolution.




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Aarogya Setu: Govt mulls open-source architecture for app

The developers contacted him and concluded that no personal information of any user has been proven to be at risk by the ethical hacker.




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Aviation industry to crash-land this fiscal

According to Crisil estimates, the aviation industry will crash-land this fiscal with revenue loss of Rs 24,000-25,000 crore during the April-June quarter.




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Rising ‘over-dues’ of discoms: NTPC bites back at states, seeks to invoke three-way agreement

Discoms’ over-dues — bills that remained unpaid for more than 60 days — have been rising almost relentlessly over the years, and spiraled 242% on year, to a level of Rs 10,500 crore by FY20 end.




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Govt mulls making Aarogya Setu more transparent amid privacy concerns

Aarogya Setu was developed by the National Informatics Centre to help contact-tracing of at-risk individuals in the wake of the Covid-19 pandemic.




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Tirupur garment cluster adopts steady approach, sees no labour shortage

The units situated within the corporate limits have been allowed to have 25-30% workforce capacity initially and the units situated outside the corporation will have 50% workforce capacity.




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ANRPC trims natural rubber estimates, sights green shoots in glove demand

In April, the NR consumption forecast for 2020 to 13.016 million tonne which is down 5.1% from the previous year.




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States suspend/relax labour laws to help industry emerge from crisis

The laws that will remain in force in UP during the three year period include those which provide basic facilities and security to the labourers.




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Reliance JioPhone user? Soon get Aarogya Setu app on your fingertips

India, which has imposed the world’s biggest shutdown to battle the spread of the coronavirus, last month launched the Aarogya Setu (Health Bridge) app — a Bluetooth and GPS-based application which alerts users who may have come in contact with people who later test positive for COVID-19.




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More money for Mukesh Ambani’s Reliance Jio; now, Rs 11,000 cr from US firm after Facebook, Silver Lake

RIL announced that Vista Equity Partners will investment Rs 11,367 crore in Jio Platforms, days after a mega stake sale deal with Facebook and another stake sale to Silver Lake Partners.




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Cognizant Q1 net falls 16.7% to $367 million; sees challenging demand environment in 2020 amid coronavirus pandemic

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




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Xiaomi Mi 10, Mi True Wireless Earphones 2, Mi Box India launch today; here’s how you can watch online, everything to know

Xiaomi Mi 10, Mi True Wireless Earphones 2, and Mi Box will be launched in India today via an online-only keynote event.




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IndiGo announces salary cuts for top management from May amid coronavirus lockdown

Budget carrier IndiGo has said that it will have to cut salaries of senior management from May as coronavirus lockdown continues its onslaught on the aviation industry. IndiGo paid full salaries in March and April but now we have to implement pay cuts for senior employees from May, Ronjoy Dutta, CEO, IndiGo, said on Friday, […]




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Mi 10 5G with Qualcomm Snapdragon 865, 108MP camera is Xiaomi’s answer to OnePlus 8 Pro

The Mi 10 5G is Xiaomi’s answer to the OnePlus 8 Pro, Samsung Galaxy S20+, Realme X50 Pro 5G, and every other high-end flagship that you can think of.




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Xiaomi Mi Box 4K launched in India to take on Amazon Fire TV Stick; here are all details

Xiaomi says the Mi Box 4K has been designed to turn any regular feature TV into a smart TV, sort of like the Amazon Fire TV Stick 4K.




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These 5 southern states consume half of India’s liquor; now, lockdown has dried up revenue

Five of India’s southern states which amount to about half of the country’s total liquor consumption are facing a revenue hit due to coronavirus lockdown.




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Xiaomi’s Mi True Wireless Earphones 2 look like Apple AirPods but cost way less; details inside

Launched alongside the Mi 10 flagship phone and Mi Box 4K, on Friday, the Mi True Wireless Earphones 2 look a lot like the Apple AirPods but they cost way less.




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OnePlus announces OnePlus Bullets Wireless Z India availability details, gets Flipkart on-board for sales

OnePlus Bullets Wireless Z price in India is Rs 1,999 and the product will be available in three options, black, blue and oat.




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Dharmendra Pradhan hints at new gas policy, says low oil prices no answer

Pradhan did not elaborate on the policy reforms planned. The BJP-led government had in October 2014 evolved a new pricing formula using rates prevalent in gas surplus nations like the US, Canada and Russia to determine the price in a net importing country. Prices using this formula are calculated semi-annually.