Local shares fell in early trade on reigniting tensions between the world's top two economies after U.S. officials tried to pin blame for the coronavirus pandemic on China.

A ramping up of tensions between the White House and China over the origins and handling of the coronavirus pandemic weighed on markets around the world. The U.S. President Donald Trump said on Sunday that he believed that a mistake in China was the cause of the spreading coronavirus pandemic, though he did not present any evidence for the claim.

U.S. stocks eked out a second consecutive day of gains as investors weighed a cloudy picture of the economy against U.S. businesses starting to slowly reopen after a period of stultifying coronavirus lockdowns.

Banks stocks were lower. National Australia Bank ended the day 2.3% lower Westpac and ANZ both declined about 1.5% while Commonwealth Bank dropped 0.8%.

The major averages finished the session on opposite sides of the unchanged line, as traders weighed optimism about some states reopening against some dismal employment data. The ADP jobs report showed that US companies lost 20.2 million jobs in April. The government's April jobs report is due Friday.

The latest survey from the Australian Industry Group revealed that the services sector in Australia continued to contract in April, and at a steeper pace, with a Performance of Services Index score of 27.1. That's down from 38.7 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Total 21 issues of 33 industry category of Topix index were in negative territory, with Air Transportation, Insurance, Land Transportation, Iron & Steel, Nonferrous Metals, and Oil & Coal Products issues being notable losers, while Other Products, Electric Appliances, Metal Products, Construction, and Pharmaceutical issues were notable gainers.

Markets drew some comfort from the latest round of economic results out of China. Data on Thursday showed an unexpected surge in export activity in the world's second-largest economy in April, growing 3.5% from the previous year

The Australian share market got a boost on hopes for an economic recovery at home after the government unveiled plans to end most coronavirus restrictions by July. Prime Minister Scott Morrison's announced a plan to ease social distancing restrictions in a three-step process, which would remove all curbs by July and get nearly 1 million people back to work amid a decline in coronavirus cases.

Receives bids for 225.69 crore shares

Receives bids for 100.44 crore shares

Gets bids for 24.08 lakh shares by 17:00 IST on 9 March 2020

At the world's biggest ship-recycling yard at Alang, India, life is becoming harder as fewer ships arrive. Here's why. Photo: Karan Deep Singh/The Wall Street Journal

At 71.3125/3150 per dollar

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Most exit polls see loss for Jaya; Assam for BJP; left turn for Kerala

Officials said a better indicator of productive and general expenditure will be replacing the plan and non-plan distiction that has lost relevance post Planning Commission abolition

South India constitutes nearly 60% of India's plantation sector

Key benchmarks extended gains in mid-morning trade. The Nifty was trading above the 9300 mark. At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 494.49 points or 1.57% at 31,937.87. The Nifty 50 index rose 137.15 points or 1.49% at 9,336.20.

In the broader market, the S&P BSE Mid-Cap index was up 0.22% while the S&P BSE Small-Cap index down 0.1%.

North Korea says leader Kim Jong Un sent a letter to Russian President Vladimir Putin to congratulate him on the 75th anniversary of the allied victory in World War II and wishing Russia success in fighting its coronavirus outbreak. The report by Pyongyang's official Korean Central News Agency on Saturday came a day after it reported Kim sent a personal message to Chinese President Xi Jinping to praise what he described as China's success in getting its COVID-19 epidemic under control. Some experts say the North could intensify its diplomatic outreach to neighbors, particularly China, as it seeks economic help after closing its border for months to fend off the virus. KCNA says Kim's message sincerely wished the president and people of Russia sure victory in their struggle to build a powerful Russia by carrying forward the tradition of the great victory in the war and to prevent the spread of the novel coronavirus infection.

Federal investigators have found reasonable grounds that a government whistleblower was punished for speaking out against widespread use of an unproven drug that President Donald Trump touted as a remedy for COVID-19, his lawyers said. Dr Rick Bright headed the Biomedical Advanced Research and Development Authority, a unit of Department of Health and Human Services that focuses on countermeasures to infectious diseases and bioterrorism. He had received a job performance review of outstanding before he was summarily transferred last month, with his agency email cut off without warning. Investigators with the Office of Special Counsel made a threshold determination that HHS violated the Whistleblower Protection Act by removing Dr Bright from his position because he made protected disclosures in the best interest of the American public," his lawyers Debra Katz and Lisa Banks said in a statement Friday. The OSC is an agency that investigates allegations of egregious personnel practices in

Indian cricket icon Sachin Tendulkar has donated an undisclosed amount to financially help 4,000 underprivileged people, including children from Brihanmumbai Municipal Corporation (BMC) schools, amid the COVID-19 pandemic. Tendulkar made the donation to the Hi5 Foundation, a non-profit organisation based out of Mumbai. "Best wishes to team Hi5 for your efforts in supporting families of daily wage earners," Tendulkar tweeted. The organisation, through a tweet, thanked Tendulkar for doing his bit for the needy. "Thanks @sachin_rt for proving once again that #sports encourages compassion! Your generous donation towards our #COVID19 fund enables us to financially aid 4000 underprivileged people, including children from @mybmc schools. Our budding sportspersons thank you, Little Master!" The legendary batsman had earlier contributed Rs 25 lakh each to Prime Minister's Relief Fund and Chief Minister's Relief Fund for the country's fight against COVID-19. Tendulkar had earlier pledged to ...

The Karnataka government may not extend the daily working hours from 8 to 12, with Labour Minister A Shivaram Hebbar saying on Saturday that the move would neither benefit the industries nor workers. Hebbar told PTI that the proposal has not been discussed and it may come for final deliberations next week. He also noted that some States have already extended the working hours. More than extending working hours, there should be employment to be given. If there are no jobs what can be done by extending working hours? If it is done (working hours extended to 12 hours), it would not neither benefit workers nor industries. Let's see what happens, he said. Asked if the government was in favour of the extension, he said, "I don't think it will be ready for the (12 hour) proposal." Meanwhile, the Minister also said that their top priority now was to see that all MSMEs start operating again, salaries are paid to employees and there are no job losses for any reason. If industries ...

A PIL was filed in the Delhi High Court seeking an SIT or CBI investigation in the incident of "Bois Locker Room", an Instagram group in which obscene messages and morphed pictures of underage girls were shared, and demanded arrest the offenders. The participants of the chat room were mostly young teenage boys from Delhi who allegedly shared lewd and objectionable content pertaining to minor girls. The chat room was used to make comments and share compromising and allegedly morphed images of minor girls. The plea is likely to come up for hearing on May 13. Petitioner Dev Ashish Dubey also sought protection for the girls and women who have highlighted the crime of Delhi school students so that they cannot be harmed by the members of the group. "Since the issue is related to the offence committed against girls and women by the group members of Instagram group named as 'Bois Locker Room', which was created by school students mainly staying in South Delhi. Hence the petitioner preferred ..

The northeastern region, which has traditionally been disciplined, has emerged as the model of coronavirus management and the rest of the country should emulate it, Union minister Jitendra Singh said on Saturday. He said people in the eight northeastern states - Sikkim, Arunachal Pradesh, Mizoram, Manipur, Meghalaya, Nagaland, Tripura and Assam - have been following the lockdown-related guidelines in letter and spirit. "By tradition and by lifestyle, people of northeastern region are civilised and disciplined. That is why they could very easily follow the lockdown guidelines. There has been no problem in ensuring implementation of the lockdown-related guidelines there," Singh told PTI. He said within six years of the Modi government, the northeastern region has emerged as the model for development for the entire country. "Similarly, during the lockdown due to COVID-19, entire northeast has become model for the whole country to emulate it," he said, adding that the way people are ...

Tamil Nadu Chief Minister K Palaniswami on Saturday urged Prime Minister Narendra Modi to put the proposed amendments to the Electricity Act on hold till these were thoroughly discussed with state governments after the Coronavirus pandemic subsides. Recalling his earlier objections to the amendments, the Chief Minister said the proposed amendment bill sought to take away the power of the state government in deciding the constitution of the State Electricity Regulatory Commission, which is against the federal principles of the Constitution. In a letter to Modi, a copy of which was made available to the media, Palaniswami said the proposed amendments for which the Ministry of Power has invited comments from state governments, require detailed consultations with them and otherstakeholders. "You are aware that all states are currently pre-occupied with fighting the Coronavirus pandemic and will, therefore, require some time to give their detailed response to the proposed ...

Extending his greetings to Russian President Vladimir Putin on the 75th anniversary of the Victory Day, Prime Minister Narendra Modi said on Saturday that India stands with Russia in the solemn remembrance day. In a tweet, Modi also noted that tens of thousands of Indian soldiers also made the sacrifice in the second World War. "India stands with Russia in solemn remembrance today, on the 75th Anniversary of Victory Day. Tens of thousands of Indian soldiers also made the supreme sacrifice in the Second World War. My warm greetings to President Putin and the Russian people on this occasion," Modi tweeted. In Moscow, Putin marked Victory Day, the anniversary of the defeat of Nazi Germany in World War II, in a ceremony shorn of its usual military parade and pomp because of the coronavirus pandemic.

The Delhi High Court on Saturday extended the interim bail of 2,177 under-trial prisoners by 45 days to de-congest jails in the wake of the coronavirus pandemic. A bench of Justices Siddharth Mridul and Talwant Singh passed the order in view of a high-power committee's recommendation that it would be dangerous to put the prisoners back in jail as the risk still remains high. The committee, headed by Justice Hima Kohli, on May 5 opined that since there was a paucity of space in jail premises to create sufficient number of isolation wards for the prisoners returning after expiry of their interim bail, the relief should be extended by another 45 days. During the hearing, Delhi government standing counsel Rahul Mehra and advocate Chaitanya Gosain, appearing for the prison authorities, said they have no objection to the extension of bail. "Accordingly, it is ordered that the interim bails for a period of 45 days granted to 2,177 UTPs, in view of the recommendations of HPC...are hereby ...

A robot has been inducted into service at the Chandrapur civil hospital, and it could be used for collecting swab samples for COVID-19 test with some modifications in near future, an official said. District collector Dr Kunal Khemnar handed over the "medi-rover robot", which can be used for handing food or medicines to patients, to the hospital on Saturday. It has been developed by Tata Technologies in association with the Government Engineering College, Chandrapur, Khemnar said in a statement. "The robot will help the medical staff in treating and nursing of patients at the hospital," he said. With some modifications, the battery-operated robot, which weighs about 30 kg, can even be used for collection of swab samples of suspected COVID-19 patients in the coming days, he added. So far, only one coronavirus positive case has been found in Chandrapur district.

Healthcare firm HLL Lifecare on Saturday said its arm HLL Infra Tech Services has floated a tender seeking supply of over 1 lakh units of medical supplies towards COVID-19 testing on behalf of the Indian Council of Medical Research (ICMR). "The tender is seeking quotations for 40,000 units of viral transport media, 33,000 RNA extraction kits and 29,000 Combo RT-PCR COVID-19 tests," HLL Lifecare Ltd said in a statement. The tender is closing by May 10, the state-owned company added. "The viral transport media is used for transport of swabs collected for testing, RNA extraction kits are used to draw out RNA, which are single strand genetic materials of viruses, from samples which are then converted into reverse-transcribed into DNA while Combo RT-PCR tests has proven to be the 'gold standard' of COVID-19 diagnosis,"it said. HLL Lifecare is the procurement agency for hospitals and healthcare organisations under the Ministry of Health and Family Welfare.

After hiking liquor price by 75 per cent early this week, the Andhra Pradesh government has decided to reduce the number of retail liquor outlets, by a further 13 per cent, to 2,934 by this month end to curtail alcohol consumption and help people "move towards a better life." According to Special Chief Secretary (Revenue) Rajat Bhargava,the government has also taken a number of steps to check illicit distillation of liquor and inter-state trade of non-duty paid liquor. Now, the state government has also decided to constitute an independent Special Enforcement Bureau to deal with illicit liquor, with special focus on districts bordering neighbouring states like Tamil Nadu, Karnataka, Odisha and Telangana. Retail liquor business in the state is currently run by the government, through the AP State Beverages Corporation Limited, and the number of outlets was brought down to 3,500 from 4,380 in August last year. With the latest decision, the number will drop further to ...

All the state universities in West Bengal will implement the academic calendar in their respective institutions within a month after the lockdown is lifted, Education Minister Partha Chatterjee said on Saturday. Chatterjee, who earlier in the day held a videoconference with vice-chancellors of all the state universities, told reporters at an online press conference that the VCs have decided on how to conduct the classes and the final semester examinations. "The academic calendar, including examinations, will be put into effect within a month after the lockdown is lifted," he said. Chatterjee said the institutions have also received the University Grants Commission (UGC) guidelines in this regard and the issue came up in the meeting held during the day. He had earlier said that the UGC guidelines reflect the recommendations made by the state government on issues such as conducting terminal examinations in the post-lockdown period. "The faculty members of the universities .

Ratings agency Crisil today said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them. "We do not expect them to ...

At the world's biggest ship-recycling yard at Alang, India, life is becoming harder as fewer ships arrive. Here's why. Photo: Karan Deep Singh/The Wall Street Journal

Forests are a critical repository of India's biodiversity, but widespread habitat destruction is hurting. Attitudes need change too. "Compensatory forestation does not really compensate - it only replaces trees, not biodiversity", says one former top forests official. Ramesh Menon reports.

How did two major operators in the POPs manufacturing-sector become part of India's official delegation to a conference which aims to eliminate their production and use? P N Venugopal reports on the embarassing, but unabashed capture of officialdom by a manufacturer.

The replacement of CFCs by more benign HCFCs and HFCs has removed the risks linked to ozone depletion, but these gases continue to contribute to global warming. Darryl D'Monte reports.

Convicted of murder without a lawyer to represent him during the trial, a man was finally set free by the Bombay High Court after a human rights lawyer obtained the landmark order that upholds the constitutional right for legal aid in case of indigent and poor undertrials.

Incidents of sexual violence against women arouse transient societal awakening and state rhetoric, but beyond that there is little active effort. As schemes for rehabilitation rot in cold storage, Vinita A Shetty throws light on all that can be done to make life easier for survivors.

An alleged incident of molestation within campus premises at one of Calcutta’s most prestigious universities and the events following it have led to huge upheaval and student protests. But does the entire episode also signify a continuation of a disturbing trend? Shoma A Chatterji reports.

The finance minister’s dream of extending social security cover to all unorganised workers in the country is a lofty one undoubtedly, but Kathyayini Chamaraj identifies the many gaps in the existing law that need to be addressed for that dream to be realised.

Activists and governments alike demand that future deliberations on water issues be brought within the legitimate fold of the UN, and not hosted by private and corporate interests. Shripad Dharmadhikary reports.

A high-power Kerala government panel has put Coca Cola in the dock and ordered it to cough up damages to Plachimada's victims. However, the panel's questionable constitution could act as a red herring and may even drag the saga, writes P N Venugopal.

A new notification from the ministry lays out a process by which illegal units can be granted clearance and “brought into compliance” within the next six months. Manju Menon and Kanchi Kohli report.

Without a serious commitment from the government, and plagued by operational difficulties in managing its sheer size, the plan to improve school attendance through the provision of lunches for students has gone awry in Uttar Pradesh. Puja Awasthi reports.

The National Campaign for the People's Right to Information is asking citizens to put pressure on the Prime Minister to deliver on the UPA government's promise of bringing in a 'progressive, participatory and meaningful' right to information law.

As part of a study on the socio-economic status of women from the ‘Most Backward Castes’, women from the Nayibrahmin or barber community talk of their lives of oppression and deprivation. Akhileshwari Ramagoud recounts their tales.

Kobe Bryant, the former Los Angeles Lakers superstar and one of the greatest players in National Basketball Association history, died in a helicopter crash on Sunday. He was 41 years old. Photo: Associated Press