f Abbott's Covid-19 Lab-based Antibody Tests to be Available in India by End of May By www.news18.com Published On :: Mon, 4 May 2020 03:38:01 +0530 Antibody testing is an important step to tell if someone has been previously infected. It will provide more understanding of the virus. Full Article
f Remdesivir Expected to be Available for Covid-19 Patients from Next Week: Top Company Official By www.news18.com Published On :: Mon, 4 May 2020 03:38:04 +0530 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. Full Article
f Sensex Crashes Over 2,000 Points as Global Selloff Intensifies amid Rising US-China Tensions By www.news18.com Published On :: Mon, 4 May 2020 04:38:13 +0530 After a highly volatile session, the 30-share BSE index settled at 31,715.35, plunging 2,002.27 points, or 5.94 per cent. Full Article
f US Retailer J. Crew Files for Bankruptcy: Statement By www.news18.com Published On :: Mon, 4 May 2020 05:25:11 +0530 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. Full Article
f ITC Faces Union Backlash Over Coronavirus Work Warnings to Employees By www.news18.com Published On :: Mon, 4 May 2020 05:55:21 +0530 While ITC had so far not taken any action against workers, the company notices said "absence without leave" would lead to salary cuts and "disciplinary action", without elaborating. Full Article
f Bharat Petroleum Seeks LNG Cargo for May 25 Delivery, Says Report By www.news18.com Published On :: Mon, 4 May 2020 06:47:22 +0530 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. Full Article
f IRDAI Sets up Panel to Draft Standard Professional Indemnity Policy for Insurance Intermediaries By www.news18.com Published On :: Mon, 4 May 2020 06:48:59 +0530 Professional indemnity policy offers protection to professionals against potential claims for injury or loss resulting from their advice action for failure to fulfil their duties. Full Article
f RBI Governor Meets NBFCs and MFs Sector, Reviews Liquidity Situation By www.news18.com Published On :: Mon, 4 May 2020 07:08:19 +0530 Sectoral meetings, held separately in two sessions through video conference, were also attended by Deputy Governors and other senior officers of RBI. Full Article
f India Firms up Plan to Lure Companies Who May Leave China Post-Covid: Report By www.news18.com Published On :: Mon, 4 May 2020 09:50:35 +0530 The PM’s Office, Niti Aayog and the Department for Promotion of Industry and Internal Trade are firming up a plan to offer incentives in order to attract companies looking to shift manufacturing units out of China. Full Article
f Homeward Bound: Villages Are The New Go-to Destinations, But Jobs Will Return to Cities Faster By www.news18.com Published On :: Mon, 4 May 2020 11:09:26 +0530 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. Full Article
f Average Daily Aadhaar-enabled Transactions Double; Over Rs 16K Cr Disbursed During Lockdown: FinMin By www.news18.com Published On :: Mon, 4 May 2020 11:10:06 +0530 As many as 43 crore transactions leading to disbursement of Rs 16,101 crore took place during the lockdown period, the Finance Ministry said in a tweet on Monday. Full Article
f Sensex Jumps Over 500 Points in Opening Trade; Nifty Tops 9,400 By www.news18.com Published On :: Tue, 5 May 2020 10:20:26 +0530 ONGC was the top gainer in the Sensex pack, rallying over 5 per cent, followed by M&M, Bharti Airtel, IndusInd Bank, ICICI Bank, PowerGrid and Tech Mahindra. Full Article
f Gold Dips as Coronavirus-led Curbs Ease, Tariff Worries Persist By www.news18.com Published On :: Tue, 5 May 2020 12:00:06 +0530 Investors, however, remained worried about brewing Sino-US tensions after President Donald Trump threatened new tariffs on China for its handling of the outbreak. Full Article
f US Financial Body Gives $15 Mn Loan to Indian Start-up to Expand Access to Quality Education By www.news18.com Published On :: Tue, 5 May 2020 02:09:26 +0530 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. Full Article
f NBFCs Ask RBI for One-time Restructuring of All Loans Till Mar 2021 By www.news18.com Published On :: Tue, 5 May 2020 02:13:44 +0530 Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown. Full Article
f Commerce Ministry Recommends Continuation of Anti-dumping Duty on Chinese Chemical By www.news18.com Published On :: Tue, 5 May 2020 02:22:25 +0530 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. Full Article
f Sensex Gives up Early Gains to End 262 Points Lower; Financial Stocks Tank By www.news18.com Published On :: Tue, 5 May 2020 04:22:54 +0530 Slumping over 810 points from the day's high, the 30-share BSE index settled 261.84 points or 0.83 per cent lower at 31,453.51. Full Article
f Cash Transfers, Food For All: How Govt May Balance Fiscal Concerns with Growing Hunger & Poverty By www.news18.com Published On :: Tue, 5 May 2020 05:18:11 +0530 India has provided a stimulus which doesn’t even equal a percent of the country’s GDP when other countries have already pumped funds far in excess into their respective economies. Full Article
f State-owned Bank NPAs May Rise in FY21, Govt's Fiscal Deficit to Widen: Bank Of America By www.news18.com Published On :: Tue, 5 May 2020 05:28:06 +0530 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. Full Article
f GSTN Develops Functionality for Transfer of Amount Available in Electronic Cash Ledger By www.news18.com Published On :: Tue, 5 May 2020 06:39:45 +0530 Form GST PMT-09 provides flexibility to taxpayers to make multiple transfers from more than one head (major or minor) to another head (major or minor) and helps with the intra-head or inter-head transfer of amount available in electronic cash ledger. Full Article
f US Trade Deficit Widens to $44.4 Billion in March on Falling Exports By www.news18.com Published On :: Tue, 5 May 2020 07:07:02 +0530 Imports also fell, but only by 6.2 percent, as transportation and shipping began to close down worldwide. Full Article
f More Fiscal Stimulus Measures Necessary in India to Fight Covid-19: S&P By www.news18.com Published On :: Tue, 5 May 2020 07:01:03 +0530 In March, the government announced a Rs 1.7 lakh crore relief package focusing on providing food security to the poor and providing money in their hands to fight COVID-19. Full Article
f Parliament Has Competence to Make Laws Regarding Recovery of Loans for Cooperative Banks: SC By www.news18.com Published On :: Tue, 5 May 2020 09:31:18 +0530 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'. Full Article
f Oil Prices Fall as Rising US Inventories Reassert Supply Concerns By www.news18.com Published On :: Wed, 6 May 2020 08:12:36 +0530 US West Texas Intermediate (WTI) crude futures fell as much as 2.1 per cent to $24.05 a barrel and were down 14 cents at $24.41 a barrel at 0201 GMT. WTI has snapped a five-day winning streak. Full Article
f Home Rental Company Airbnb Lays off 1,900 People as Coronavirus Slumps Business By www.news18.com Published On :: Wed, 6 May 2020 10:10:36 +0530 With millions of tourists canceling plans for vacations, work trips and family visits, Airbnb earlier this year said it was allocating $250 million to help offset losses incurred by hosts. Full Article
f Govt to Gain Over Rs 1.5 Lakh Cr this Fiscal From Record Excise Duty Hike on Petrol & Diesel By www.news18.com Published On :: Wed, 6 May 2020 10:37:36 +0530 The government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low. Full Article
f Sensex Drops Over 200 Points in Early Trade, Nifty Below 9,200 Amid Covid-19 Concerns By www.news18.com Published On :: Wed, 6 May 2020 11:16:56 +0530 ITC was the top loser in the Sensex pack, tanking nearly 6 per cent, followed by Axis Bank, Titan, Bajaj Auto, Maruti, M&M, L&T and IndusInd Bank. Full Article
f Asia Gasoil Margins Drop to Record Low Amid Signs of Indian Export Surge By www.news18.com Published On :: Wed, 6 May 2020 02:02:43 +0530 India's April gasoil exports closed at a four-month high of 2.73 million tonnes, compared with 2.53 million tonnes in March, according to Refinitiv oil research assessments. Full Article
f Hopes of Gradual Economic Recovery Weigh on Gold By www.news18.com Published On :: Wed, 6 May 2020 02:32:45 +0530 Gold prices ended higher in the previous three sessions, and have risen about 17% since mid-March, as uncertainty remained with the virus spreading and as U.S.-China trade tensions re-emerged. Full Article
f Sensex Ends 232 Points Higher, Led by Gains in Banking, Finance and Auto Stocks By www.news18.com Published On :: Wed, 6 May 2020 04:10:51 +0530 After swinging over 800 points during the day, the 30-share index closed 232.24 points or 0.74 per cent higher at 31,685.75. Full Article
f EPFO Allows Employers to Register Digital Signatures via Email By www.news18.com Published On :: Wed, 6 May 2020 04:42:51 +0530 Currently, authorised persons of employers have to go to the Employees' Provident Fund Organisation (EPFO) offices to get their digital signatures registered. Full Article
f Gilead Sciences Scouting For Partners in India, Pakistan for Remdesivir By www.news18.com Published On :: Wed, 6 May 2020 07:13:15 +0530 Remdesivir is an investigational antiviral drug that may be found effective against the virus that causes Covid-19 Full Article
f Govt Allows Businesses to Verify Monthly GST Return through EVC By www.news18.com Published On :: Wed, 6 May 2020 05:35:08 +0530 Currently, businesses are required to digitally sign GSTR-3B form while filing monthly return and paying taxes. Full Article
f US Private Hiring Collapses in April, Plunging 20.2 Million, Says Payroll Firm ADP By www.news18.com Published On :: Wed, 6 May 2020 07:14:00 +0530 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. Full Article
f Oil Gains as US Inventories Grow Less Than Feared While Coronavirus Slashes Demand By www.news18.com Published On :: Thu, 7 May 2020 07:46:27 +0530 While prices have risen sharply since late April as some countries have started easing lockdowns put in place to combat the worst pandemic in a century, oil continues to be pumped into storage, leaving a massive mismatch between demand and supply. Full Article
f Sensex, Nifty Slip as Coronavirus Cases Jump; Hindustan Unilever Drops By www.news18.com Published On :: Thu, 7 May 2020 10:34:31 +0530 Indian stocks slid on Thursday, with declines led by banks and Hindustan Unilever, as coronavirus cases in the country crossed 50,000 despite a strict weeks-long lockdown. Full Article
f Britain's GlaxoSmithKline to Sell Entire Stake in Hindustan Unilever for Rs 254.8 Billion By www.news18.com Published On :: Thu, 7 May 2020 12:59:56 +0530 GSK has agreed to sell its entire stake in Unilever's Indian business for about 254.8 billion rupees ($3.35 billion) on the open market, cashing in late from the sale of the Horlicks brand. Full Article
f MSMEs Need Govt Push to Benefit from Comparative Advantage over China-made Consumer Goods: Report By www.news18.com Published On :: Thu, 7 May 2020 02:47:55 +0530 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. Full Article
f Kotak Mahindra Bank Declares 10 Per cent Pay Cut for Staff with Over Rs 25 Lakh Annual Salary By www.news18.com Published On :: Thu, 7 May 2020 03:16:43 +0530 The move from Kotak Mahindra comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21. Full Article
f Steel Giant ArcelorMittal Reports Net Loss of $1.1 Billion in First Quarter Amid Coronavirus By www.news18.com Published On :: Thu, 7 May 2020 03:26:25 +0530 The company also had to reduce production due to reduced demand. Full Article
f India to Send Investment Pitches to More Than 1,000 American Companies to Relocate From China: Report By www.news18.com Published On :: Thu, 7 May 2020 10:16:32 +0530 India is prioritizing medical equipment suppliers, food processing units, textiles, leather and auto part makers among more than 550 products covered in the discussions. Full Article
f SBI Cuts Benchmark Lending Rate by 15 Basic Points, New Special Deposit Scheme For Senior Citizens By www.news18.com Published On :: Thu, 7 May 2020 04:03:48 +0530 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. Full Article
f Sensex Drops 242 Points, Nifty Gives up 9,200-mark amid Coronavirus Pandemic By www.news18.com Published On :: Thu, 7 May 2020 04:04:15 +0530 ONGC was the top loser in the Sensex pack, slumping over 4 per cent, followed by NTPC, Kotak Bank, Titan, Bharti Airtel and PowerGrid. Full Article
f Govt Working on Financial Package for all Sectors of Economy, Says Official By www.news18.com Published On :: Thu, 7 May 2020 05:37:20 +0530 Participating in the same meeting, Union Minister for MSME and Road Transport and Highways Nitin Gadkari also said "a package is going to be declared". Full Article
f India Exports 33.5 Lakh Tonnes Sugar so Far in 2019-20 Marketing Year By www.news18.com Published On :: Thu, 7 May 2020 05:44:58 +0530 With five months still left for 2019-20 marketing year to end, the association feels the mills have the potential to fulfil their exports commitments. Full Article
f MSME Sector on Verge of Collapse, Says Nitin Gadkari; Urges Industries to Clear Outstanding Dues By www.news18.com Published On :: Thu, 7 May 2020 06:57:30 +0530 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". Full Article
f CAIT Flags Traders' Inability to Pay Full Salary for April, Seeks Goyal's Intervention By www.news18.com Published On :: Thu, 7 May 2020 07:14:41 +0530 The Confederation of All India Traders (CAIT) has written to Commerce and Industry Minister Piyush Goyal seeking his intervention in the matter. Full Article
f Govt Buys 216 Lakh Tonnes Wheat from Farmers at MSP so far, More Than Half of Target By www.news18.com Published On :: Thu, 7 May 2020 09:14:34 +0530 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. Full Article
f Government Should Now Let the Economy Function Post-lockdown: Kaushik Basu By www.news18.com Published On :: Thu, 7 May 2020 10:35:22 +0530 The global market is fearing that India would slide into a 'controlled economy', which would be very damaging, Basu added. Full Article
f Sebi Asks Franklin Templeton Mutual Fund to Focus on Returning Investors' Rs 25,000 Crore at Earliest By www.news18.com Published On :: Thu, 7 May 2020 11:21:40 +0530 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. Full Article