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Biocon gains after Bengaluru API facility gets EIR

Biocon gained 1.82% to Rs 356 after the company said it received establishment inspection report (EIR) for small molecules API manufacturing facility in Bengaluru.




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Cadila Healthcare rises after USFDA nod on Deferasirox tablets

Cadila Healthcare gains 0.11% to Rs 321.95 after the company said it received final approval from US drug regulator for Deferasirox tablets for oral suspension.




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ICICI Securities firms up after Q4 PAT rises 28% to Rs 156 cr

ICICI Securities jumped 3% to Rs 388.30 after consolidated net profit rose 28.3% to Rs 155.88 crore on a 12.5% rise in total income to Rs 481.94 crore in Q4 March 2020 over Q4 March 2019.




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NLC India slips after fire accident at Neyvali plant

NLC India fell 0.46% to Rs 43.70 after the company said eight workers were injured in a fire accident at the TS II power plant in Neyveli, Tamil Nadu.




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IndusInd Bank Ltd gains for third straight session

IndusInd Bank Ltd is quoting at Rs 461.45, up 1.56% on the day as on 12:54 IST on the NSE. The stock is down 68.75% in last one year as compared to a 17.57% slide in NIFTY and a 31.78% slide in the Nifty Bank index.




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HDFC Life Insurance Company Ltd rises for third straight session

HDFC Life Insurance Company Ltd is quoting at Rs 519.65, up 5.08% on the day as on 12:54 IST on the NSE. The stock is up 26.88% in last one year as compared to a 17.57% slide in NIFTY and a 20.42% slide in the Nifty Financial Services index.




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Procter & Gamble Hygiene inches higher after muted Q3 performance

Procter & Gamble Hygiene & Health Care rose 0.27% to Rs 10190.15 after net profit rose 1.1% to Rs 91.10 crore on 6.2% decline in net sales to Rs 656.05 crore in Q3 March 2020 over Q3 March 2019.




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Adani Gas gains after Q4 PAT jumps 60% to Rs 121.41 cr

Adani Gas rose 3.55% to Rs 107.85 after standalone net profit surged 61% to Rs 122 crore on 1% fall in revenue from operations to Rs 490 crore in Q4 March 2020 over Q4 March 2019.




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Barometers pare gains in late trade; Nifty below 9300

As per provisional closing, the barometer S&P BSE Sensex gained 199.32 points or 0.63% at 31,642.70. The Nifty 50 index gained 51.55 points or 0.56% at 9,250.60.




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Quick Wrap: Nifty Pharma Index rises 2.13%

Powered by Capital Market - Live News




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HUL spurts after foreign broker maintains 'outperform' rating

FMCG major Hindustan Unilever (HUL) jumped 4.81% to end at Rs 2088.35 after a foreign brokerage reportedly maintained an 'outperform' rating on the stock with a target of Rs 2,400 per share.




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Nifty May futures at discount

India VIX cools 3% to 38.53.




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For Clues to Biden's VP Pick, Look to History

As speculation grows over Joe Biden’s selection of a running mate, WSJ’s Gerald F. Seib looks at past picks for clues into what factors the former vice president will consider, and why this year’s choice is more important than ever. Photo: Getty Images




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Thousands Line Up to Receive Boxes of Food in New Jersey

Outside of New York, New Jersey is the state that has been hit hardest by the pandemic. WSJ visited a recent emergency food distribution event in Newark to speak with New Jerseyans about food insecurity during the pandemic.




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Coronavirus Update: California Borrows Federal Cash, United Plans Cuts

California is the first state to borrow federal funds to cover rising jobless claims, United Airlines expects to cut its management ranks by 30%, and the FDA sets standards for antibody tests in a crackdown on fraud. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Rich Pedroncelli/Associated Press




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Coronavirus Update: Trump Says Task Force to Shift Focus

President Trump said the White House coronavirus task force will continue indefinitely and Airbnb plans to lay off a quarter of its workforce. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Brendan Smialowski/AFP




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Coronavirus Update: ‘Evidence’ Virus Came From Lab, Economies Start to Reopen

The Trump administration steps up assertions that the coronavirus originated at a lab in Wuhan, governments around the world start to allow businesses to reopen, millions of imported masks fall short of N95 standards. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Scott Keeler/Zuma Press




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Mahindra Holidays & Resorts India reports consolidated net loss of Rs 164.57 crore in the March 2020 quarter

Sales decline 2.83% to Rs 616.61 crore




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Adani Transmission consolidated net profit declines 35.72% in the March 2020 quarter

Sales rise 25.20% to Rs 3186.96 crore




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ICICI Bank consolidated net profit rises 6.92% in the March 2020 quarter

Total Operating Income rise 11.47% to Rs 21740.68 crore




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Avantel standalone net profit rises 27.55% in the March 2020 quarter

Sales rise 49.79% to Rs 21.69 crore




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HDFC Asset Management Company standalone net profit declines 9.54% in the March 2020 quarter

Sales decline 2.13% to Rs 476.13 crore




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Govt raises market borrowing plan to Rs 12 lakh crore for FY2021

RBI issues revised Calendar for issuance of Marketable Dated Securities for the remaining period of H1 (11 May - 30 September 2020)




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Bajaj Electricals resumes manufacturing operations

However, the management of the Company expects the operations to remain sub-normal in the immediate future, with a possibility of intermittent disruptions based on the evolving situation and varying Government guidelines and permissions. The Company continues to closely monitor the situation and shall take appropriate action as per regulatory guidelines.




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Lupin's Pithampur facilities complete UK MHRA inspection

The drug major on Friday (8 May 2020) informed that the inspection of its three units at Pithampur in Madhya Pradesh by the UK health regulator has been completed.




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US stocks rally as investors shrug off record job losses

US stock market ended sharply higher on Friday (8 May) despite grim monthly jobs report as investors bet the worst of the coronavirus crisis has passed. Investors also hoped for an eventual reopening of the economy.




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Swaraj Engines' Q4 PAT falls 4.9% to 15.84 cr

Swaraj Engines' net profit fell 4.9% to Rs 15.84 crore on a 8.5% decline in net sales to Rs 175.13 crore in Q4 March 2020 over Q4 March 2019.




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Cipla receives EIR for Bommasandra API facility

Cipla said that following USFDA inspection, the company's manufacturing facility in Bommasandra, Bangalore has received the EIR, indicating closure of the inspection.




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VST Industries announces resumption of operations

VST Industries said that the company has resumed its manufacturing operations with restricted capacity and manpower considering the permission granted by the State Government of Telangana.




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Carlyle Group to buy 74% stake in SeQuent Scientific

The US-based private equity investor will buy shares at Rs 86 each and the transaction is expected to close in the third quarter of 2020.




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Indian faces trial for spying on Sikhs and Kashmiris in Germany

An Indian national will stand trial in Germany accused of spying on Sikh and Kashmiri communities for New Delhi's secret service, a court said Friday. Federal prosecutors allege the suspect, identified as 54-year-old Balvir, has been working with the Indian foreign intelligence agency Research & Analysis Wing since 2015. "He allegedly provided information about figures in the Sikh opposition scene and the Kashmiri movement and their relatives in Germany, and passed this on to his handlers who were working at the Indian consulate general in Frankfurt," the higher regional court in the city said in a statement. The trial will open on August 25. The same Frankfurt court convicted an Indian couple for spying on the same communities last December.




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Venezuela orders arrest of 3 in US for role in failed plot

Venezuela's chief prosecutor ordered the arrest Friday of a former Green Beret and two opposition figures living in the United States for their purported role in a botched operation aimed at removing Nicols Maduro from power. Tarek William Saab said Venezuela will seek the capture of Jordan Goudreau, a military veteran who has claimed responsibility for the attack, as well as Juan Jos Rendn and Sergio Vergara, two U.S.-based advisers to opposition leader Juan Guaid. They are living in impunity, Saab said. In tranquility over there. US law enforcement is investigating Goudreau, though it remains unclear if he will charged. President Donald Trump does not recognize Maduro's government, making it highly unlikely that his administration would accept any extradition request. The Trump administration has denied all responsibility in the armed raid, which resulted in the arrests of two Americans, Luke Denman and Airan Berry, who were purportedly hired by Goudreau's private firm to ...




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Nepal detains 45 stranded Chinese after demo turns violent

Nepal police on Friday arrested 45 Chinese nationals stranded in the country because of coronavirus restrictions after a protest turned violent, authorities said. Holding placards such as "I want to go home!" they attempted to push towards a prohibited zone near the prime minister's office in Kathmandu. Some police as well as demonstrators were injured after police used batons to stop them and the protesters threw stones. "They may face charges of protesting in the restricted zone and violating the lockdown under existing laws," police spokeswoman Kiran Bajracharya told AFP. Nepal suspended international flights on March 22 as part of precautionary measures against the spread of the coronavirus, and remain so until at least May 31. While several countries, including the US, the UK, Australia and France have chartered evacuation flights for their citizens in Nepal, no official flights have been made to rescue stranded Chinese nationals.




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Legislation introduced in Congress to give Green Cards to foreign nurses and doctors

US lawmakers have introduced a legislation in Congress to give unused green cards or permanent legal residency status to thousands of foreign nurses and doctors to meet the urgent needs of the overstretched healthcare sector in the country. The Healthcare Workforce Resilience Act would allow for recapturing green cards that were approved by Congress but unused in past years, allowing thousands of additional medical professionals to serve permanently in the United States. The legislation would send green cards to 25,000 nurses and 15,000 doctors during the COVID-19 pandemic and ensure that places like Iowa have the professionals they need to serve patients for years to come, a media release said. The move is likely to benefit a large number of Indian nurses and doctors, who are either on H-1B or J2 visas. In the House of Representatives, it has been introduced by lawmakers Abby Finkenauer, Brad Schneider, Tom Cole and Don Bacon. The bipartisan Senate companion bill is led by Senators ..




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China continues to hide and obfuscate COVID 19 data from world Pompeo

China continues to hide and obfuscate COVID-19 data from the world, US Secretary of State Mike Pompeo said on Friday, asserting that he has seen a significant amount of evidence suggesting that a laboratory in the Chinese city of Wuhan was underperforming and the virus could well have emanated from there. "I have seen a significant amount of evidence that suggests that the lab was underperforming, that there were security risks at the lab and that the virus could well have emanated from there," Pompeo told Ben Shapiro in an interview. "But I am happy to suspend the decision about that. What we need are answers. There are still people dying," he said. By Friday, more than 78,000 Americans had died and 13 lakh tested positive for the coronavirus. Globally, more than 273,000 people have died and 39 lakh tested positive for the disease. The American economy and those of the rest of the world have come to a standstill. "We have got an economy now that is really struggling and it is all a ..




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Trump utterly failed to prepare for COVID-19 pandemic: Biden

Democratic Party's presumptive presidential nominee and former US vice president Joe Biden alleged on Friday that President Donald Trump utterly failed to prepare for the COVID-19 pandemic and said his entire economic strategy is focussed on helping the wealthy and big corporations. Referring to the record 2.05 crore jobs lost in April alone, resulting in an unprecedented unemployment rate of 14.7 per cent now -- the highest since the Great Depression -- Biden, in a major policy speech, said it is an economic disaster, worse than any in decades, and it was made all the more worse because it did not have to be this way. "Donald Trump utterly failed to prepare for this pandemic and delayed in taking the necessary steps to safeguard our nation against the near-worst-case economic scenario we are now living in," he said in his remarks on "Trump's Disastrous Economy". COVID-19 caused a massive economic challenge, but the crisis hit the US harder and will last longer because Trump spent the




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VP Pence's press secretary tests positive for coronavirus

US Vice President Mike Pence's press secretary has the coronavirus, the White House said on Friday, making her the second person who works at the White House complex known to test positive for the virus this week. President Donald Trump, who publicly identified the affected Pence aide, said he was "not worried" about the virus spreading in the White House. Nonetheless, officials said they were stepping up safety protocols for the complex. Pence spokeswoman Katie Miller, who tested positive on Friday, had been in recent contact with Pence but not with the president. She is married to Stephen Miller, a top Trump adviser. The White House had no immediate comment on whether Stephen Miller had been tested or if he was still working out of the White House. Katie Miller had tested negative on Thursday, a day before her positive result. "This is why the whole concept of tests are not necessarily great," Trump said. "The tests are perfect but something can happen between a test where it is ...




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Emergency coffin shipments arriving in Brazil

A funeral home business leader for Brazil's state that covers much of the Amazon region says emergency coffin shipments have started to arrive for people who have died of COVID-19. Manuel Viana is president of the Amazonas Union of Funeral Companies and said Friday that more than 500 coffins were delivered by ship to Manaus, the largest city in Amazonas state. He says hundreds more are on the way and will be distributed in Manaus and other cities in the region. Manaus is one of the hardest hit Brazilian cities for coronavirus deaths and Viana says there are predictions that the city of more than 2 million could have more than 4,300 deaths in May. A Johns Hopkins University count says there have been more than 10,000 COVID-19 deaths so far in Latin America's largest and most populous country. A Brazil funeral home association last week requested an airlift of coffins to Manaus.




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2 arrested in slaying of Michigan guard over face mask order

Two men were arrested Friday in the fatal shooting of a security guard who demanded a woman wear a mask while shopping at a store. Genesee County authorities said Ramonyea Bishop, 23, was taken into custody at an apartment in Bay City. His alleged accomplice, Larry Teague, 44, was arrested Thursday near a motel in Houston. The men and Sharmel Teague, the wife of Larry Teague, are charged with first degree murder in the May 1 shooting of Calvin Munerlyn at a Family Dollar store in Flint. Munerlyn was shot at the store just north of downtown Flint a short time after telling Sharmel Teague's daughter she had to leave because she lacked a mask, according to Genesee County Prosecutor David Leyton. Teague argued with Munerlyn, 43, before leaving. Two men later came to the store and allegedly shot the security guard to death.. Bishop's sister, Brya Bishop, was previously charged with tampering with evidence, lying to police and being an accessory to a felony. Leyton has said she attempted to




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S Korea has 18 new virus cases fuelled by clubs

South Korea has reported 18 fresh cases of the new coronavirus in the past 24 hours, including 12 in the capital of Seoul, as health workers scramble to trace contacts after detecting a slew of transmissions linked to clubgoers. Figures released by South Korea's Centers for Disease Control and Prevention on Saturday brought national totals to 10,840 cases and 256 deaths. While the KCDC didn't immediately release specific details, most of the new cases were likely linked to the nightclubs in Seoul's Itaewon leisure district, which was brought to a sudden standstill Friday night following reports of the transmissions. Officials on Friday said they detected at least 15 infections linked to a 29-year-old man who visited three Itaewon clubs on Saturday before testing positive on Wednesday. The infections raised concern about a broader spread of the virus in the Seoul metropolitan area, where about half of South Korea's 51 million people live. South Korean Prime Minister Chung Sye-kyun in a




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AP Exclusive: Docs show top WH officials buried CDC report

The decision to shelve detailed advice from the nation's top disease control experts for reopening communities during the coronavirus pandemic came from the highest levels of the White House, according to internal government emails. The files also show that after the AP reported Thursday that the guidance document had been buried, the Trump administration ordered key parts of it to be fast-tracked for approval. The trove of emails obtained by The Associated Press show the nation's top public health experts at the Centers for Disease Control and Prevention spending weeks working on guidance to help the country deal with a public health emergency, only to see their work quashed by political appointees with little explanation. The document, titled Guidance for Implementing the Opening Up America Again Framework, was researched and written to help faith leaders, business owners, educators and state and local officials as they begin to reopen. It included detailed decision trees, or flow ..




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Nadal: Djokovic will need vaccine if required by the tour

Rafael Nadal says Novak Djokovic will need to be vaccinated to keep playing if the governing bodies of tennis make coronavirus shots obligatory once they become available. Nadal told the Spanish newspaper La Voz de Galicia this week that Djokovic and all players will have to follow the rules when tennis eventually returns to action. Nadal said no one can be forced to take the vaccine and everyone should be free to make their choices, but all players will have to comply if tennis officials require vaccination to travel and to protect everyone on the tour. Then Djokovic will have to be vaccinated if he wants to keep playing tennis at the top level, Nadal said. The same for me. Everyone will have to follow the rules, just like now we have to stay at home. Djokovic recently said he was against taking a vaccine for the coronavirus even if it became mandatory to travel. He later said he was open to changing his mind. If the ATP or the International Tennis Federation obligates us to take the




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Real's Jovic suffers heel break

Real Madrid attacker Luka Jovic has fracture his right heel, the La Liga giants have announced. In a statement, Real said the 22-year-old's injury had been diagnosed during tests at the club's medical centre, but didn't say how long they expect him to be out of action. According to Spanish media, Serbia's Jovic picked up the injury while training at home shortly after returning to Spain from his home country at the start of the week. Jovic caused controversy in March when he left for Serbia while Real were in quarantine after some of the club's basketball players tested positive for coronavirus. He subsequently explained his test for the virus was negative. He arrived at Real last summer from Eintracht Frankfurt for a reported fee of 60 million euros ($65.1 million). Before the season was suspended due to the COVID-19 pandemic, he had played 22 times for the capital city club in all competitions, scoring twice.




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Fury's coach backs him to beat Joshua

Tyson Fury is mentally stronger than Anthony Joshua and would overcome his British rival in similarly commanding fashion to how he defeated Deontay Wilder, according to the WBC heavyweight champion's coach Andy Lee. Fury got his hands on one of the four major world belts again when he ended Wilder's long reign as champion, knocking the previously unbeaten American down twice on the way to a seventh-round stoppage in February. While he is contractually obliged to face Wilder for a third time and Joshua is scheduled to take on Kubrat Pulev next, the outbreak of coronavirus and subsequent suspension of major boxing shows has clouded the issue. Speculation is rife that a domestic bout could take priority but Lee can only see one outcome in a fight that would determine the undisputed world heavyweight champion. "I think (Joshua) is still an improving fighter," Lee told Sky Sports. "A little bit of inexperience and mentally he's not as strong as Tyson. "I think Tyson would beat him in eight




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AC Milan president says some players recovering from coronavirus

AC Milan president Paolo Scaroni has revealed that some of his squad members were still recovering from coronavirus. Serie A has been on hold since mid-March but Italian Sports Minister Vincenzo Spadafora said on Thursday he was hopeful group training could resume on May 18. "We have some infected players in the process of recovery," Scaroni told local media. Scaroni believes Italian football must live with COVID-19 and take an example from the Bundesliga which will restart on May 16. "We have to get used to living with the virus and this also applies to football," he said. "It is not possible to stand still until there is zero infection. Basically we can adopt the German formula that provides that those who are sick go into quarantine while their teammates continue." Milan technical director Paolo Maldini, together with his 18-year-old son Daniel, a youth team player, have both recovered from the virus. "Maldini father and son are doing well. There are players who are improving, but .




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Batra gets extension as FIH President after world's body's Congress postponed to May next year

Indian Olympic Association President Narinder Batra's tenure as the chief of the International Hockey Federation (FIH) has been extended till May next year after its annual congress was postponed due to the COVID-19 pandemic. The decision to postpone the Congress, which was earlier scheduled to begin in New Delhi on October 28, was taken at an online meeting of the FIH Executive Board on Friday. "I'm looking forward to the numerous tournaments and competitions ahead of us, which we are preparing with full dedication and passion with all National Associations involved," Batra said. The exact date of the postponed congress will be confirmed as soon as possible, the FIH said in a statement. "This decision, made due to the current uncertainties following the global COVID-19 pandemic, is based on Art. 12.1 of the FIH Statutes, covering cases of force majeure," it added. The postponement means the tenures of all the current FIH office-bearers get extension until next year's ...




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Would love to direct one day: Elle Fanning

Actor Elle Fanning says she would love to pursue direction if she gets a good story. The actor said she "badly" wants to go behind the camera. "It's something that I do want to do badly. You've just got to find the right story. What is it that you want to tell? Is it going to be personal? Is it not? Are you going to write it? Are you not? A lot of big questions. I will for sure one day," Fanning said in an interview with Variety. She will next be seen as Catherine the Great in Hulu's 10-part satirical comedy series "The Great", which debuts on May 15. Fanning is also looking forward to The Nightingale, which also features her sister Dakota. The film, directed by actor Melanie Laurent, was scheduled to release in December but has been postponed by a year due to coronavirus pandemic.




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Eliza Scanlen, Thomasin McKenzie in talks for M Night Shyamalan's next

"Little Women" star Eliza Scanlen and "Jojo Rabbit" breakout Thomasin McKenzie are among the actors in negotiations for M Night Shyamalan's next directorial feature. According to Variety, Aaron Pierre, Alex Wolff and Vicky Krieps are also in discussions for the filmmaker's top-secret project, which he will write, direct and produce. Though the details of the plot have been kept under wraps, it is rumoured that the movie might be connected with some of the other films by the director. The yet-to-be-titled feature will be released by Universal Picture. Scanlen, 21, is best known for starring in TV series "Sharp Objects" and Greta Gerwig's "Little Women" adaptation, while 19-year-old McKenzie broke out with Taika Waititi's Oscar-winning satirical feature "Jojo Rabbit". Krieps, 36, became popular after she starred in Paul Thomas Anderson's romance drama "Phantom Thread", opposite Daniel Day Lewis. Wolff, 22, is best-known for starring in movies such as Ari Aster's "Hereditary" and the two




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Video shows man charge at officer who fatally shot him

Video released Friday from a Maryland police officer's body camera captures him warning the man to drop a knife and get down on the ground before he fatally shot the man as he charged at the officer. Montgomery County Police Sgt. David Cohen fired the first of at least five shots about one minute after he exited his patrol vehicle and confronted Finan H. Berhe, 30, in a residential parking lot on Thursday afternoon. Put the knife down! Cohen screamed as Berhe ran toward him and then stopped, momentarily backing away from the officer, who was pointing a gun at him. Get on the ground! I don't want to shoot you! Cohen shouted just before Berhe started running at the officer again. As the officer opened fire, Berhe collapsed and dropped an object he was holding. Man down! a man shouted after the shooting stopped. Police said investigators recovered a knife that Berhe was brandishing when Cohen shot him. Berhe died at a hospital, police said. No officers were injured. Department spokesman




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'Upload' renewed for season two at Amazon

Amazon Prime Video has given a second season order for Greg Daniels' show "Upload". The season two renewal comes just a week after the show premiered on Amazon Prime Video, according to The Hollywood Reporter. The single-camera sitcom, featuring Robbie Amell and Andy Allo, takes place in the near future, where people who are near death can be "uploaded" into a virtual afterlife of their choice. "I am thrilled to continue a great relationship with Amazon Studios and this wonderful cast and find out what happens next to Nora and Nathan and Ingrid and their 2033 world. With this news I can stop drawing my season 2 flip book," Daniels said in a statement. "Upload" is executive produced by Daniels and his producing partner Howard Klein.