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Indian Economy May Contract 0.4% in FY21 on Coronavirus Pandemic, Say Two Foreign Brokerages

Japanese brokerage Nomura warned of a likely downgrade of the sovereign by global ratings agencies while American brokerage Goldman Sachs (GS) said RBI will cut rates by another 1 percentage point to arrest the economic slide.




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Making Effort to Ensure Orderly, Equitable Exit to Investors: Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund also issued an apology to Sebi and said that comments of its top executive Jenny Johnson were wrongly interpreted, diluting her responses about the reason for winding up of schemes.




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Lockdown-hit Industry Demands Suspension of Labour Laws For 2-3 Years

The employers' organisations also sought relaxation of the provisions of the Industrial Disputes Act to treat the lockdown period as lay-off.




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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Earlier, such registrations/approvals were granted without any specific expiry period unless specifically withdrawn by concerned tax authority.




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India's Fuel Demand Dips Over 45% in April Amid Covid-19 Lockdown: Govt Report

Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes - its lowest since 2007, government data showed on Saturday.




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Saudi, US Firms Eye Stakes in Reliance's Jio, Deals Could Get Completed This Month: Report

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change.




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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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Here's All You Need to Know About Sovereign Gold Bond Scheme Opening on Monday

While the first instalment of the SGB 2020-21 series was open for subscription from April 20 to 24, the current issue will be open from May 11 to May 15.




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Govt Disburses Rs 18,253 Crore to 9.13 Crore Farmers Under PM-KISAN Scheme During Lockdown

Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account.




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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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Chris Froome Fears Tour de France May Struggle to Keep Fans Away

Tour de France is rescheduled for August 29 without spectators but Chris Froome feels it may be hard to contain the fans.




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Taylor Fritz, Addison Rae Win Glitchy Mario Tennis Charity Tournament

Taylor Fritz and Addison Rae beat Kei Nishikori and DJ Steve Aoki in the final of the Mario tennis charity tournament.




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Armand Duplantis, Renaud Lavillenie Split Gold in Backyard Pole-vaulting

Armand Duplantis and Renaud Lavillenie shared the honours in the Ultimate Garden Clash.




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NFL Confirms League on Track for Full Season Starting September 10

National Football League said they are planning to announce the schedule for full regular season by late next week.




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Online Blitz Chess Tournament Raises Rs 4 Lakh for Kerala CM Relief Fund

The Checkmate Covid-19 Blitz Open, organised to raise funds for Kerala's fight against Covid-19, was won by Grandmaster SL Narayanan.




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Swimming World Championships Moved from 2021 to 2022

FINA announced that world championships were due to be held in Fukuoka next year from July 16-August 1 but will instead take place from May 13-29 in 2022




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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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Relief for Anirban Lahiri, Gets Exemption For Next Season In PGA Tour

PGA Tour decided to ensure status for all players, exempt in 2019-20, to retain their status for 2020-21, too.




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'My Mother is Still Complaining' Leander Paes Reveals Outcome of #FryingPanChallenge

Leander Paes revealed that his mother was not to happy with his viral challenge that took social media by storm.




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Novak Djokovic May Have Broken Covid-19 Lockdown Rules in Spain by Returning to Tennis Court

Novak Djokovic posted a video showing him exchanging shots with another man at clay court in the coastal city of Marbella.




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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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Badminton Restart 'Difficult to Predict' After Coronavirus Crisis, Says BWF Chief

BWF chief Thomas Lund said the restrictions on international travel due to coronavirus has complicated the picture for badminton to resume.




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Coronavirus Could End Paralympic Dream for British Badminton Player

Mary Wilson, a multiple sclerosis sufferer, hoped to qualify for Tokyo Paralympics but being 56-year-old, she recognises that with Covid-19 roadblock, time may not be on her side.




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Chinese Swimming Star Sun Yang Appeals Against Doping Ban: Report

Sun Yang was found guilty of refusing to give a doping sample and was banned for eight years for the same.




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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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Returning Before US Open Amid Coronavirus Pandemic is 'Unrealistic', Says Taylor Fritz

Taylor Fritz said that the tennis authorities are looking to stage the US Open but he was unsure if they will be able to do that.




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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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French Tennis Hopes to Resume Training on Monday

FFT president Bernard Giudicelli said the protocol proposed was "favorably received by the sports ministry" and could lead to the resumption of training and other amateur activities.




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World Archery Puts All Its 13 Staff on 'Temporary Partial Unemployment'

World Archery executive board had suspended all its events till August 31, resulting in a huge losses to the federation.




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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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Spanish Club Says it Mistakenly Allowed Novak Djokovic to Train Against Covid-19 Rules

Novak Djokovic published a video of him training on Monday in apparent violation of Spain's current rules amid the coronavirus pandemic.




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French Open in Talks with Governing Bodies Amid Rescheduling Reports

French tennis federation's decision to postpone the French Open to late September amid the Covid-19 crisis was widely criticised because the new dates clashed with the hardcourt season.




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Anti-doping Hearings to be Conducted Online Amid Covid-19 Lockdown: NADA Director General

NADA hearings have not been taking place due to the lockdown to contain the Covid-19 pandemic.




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Tennis Establishes Coronavirus Player Fund, Raises $6 Million

The Player Relief Programme will support those 'who are facing unprecedented challenges due to the global impact of Covid-19'.




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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.




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Tokyo Olympics Postponement Doesn't Bother Saurabh Chaudhary, Always Training to be at His Best: Amit Sheoran

Saurabh Chaudhary's coach Amit Sheoran said for his ward it doesn't matter if the Tokyo Olympics are held tomorrow, after a year or even after 10 years




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Using Ropes and Tires, Been More Than a Month Since Proper Training: Satish Kumar

For Satish Kumar the euphoria that came with sealing qualification for the Tokyo Olympics was quickly balanced off by the news that it been postponed due to coronavirus




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India Has Learnt to Accept Female Athletes But Still a Long Way to Go: Sania Mirza

Sania Mirza said she is proud apart from cricket, the biggest sports stars in India are women athletes




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Need to be Sensitive While Coaching Young Female Sportspersons: Sania Mirza

Sania Mirza said that coaches need to be sensitive of the hormonal changes that girls go through while working with them.




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US Open Winner Bianca Andreescu Stays Focused on Becoming World No. 1

Bianca Andreescu's bid to return to competitive tennis suffered a further jolt when the season was halted in March due to the novel coronavirus pandemic.




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Paris 2024 Organisers Vow To Not Change Olympic 'DNA'

Organisers of Paris 2024 Summer Games said that their budget has not changed despite the coronavirus pandemic




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NFL Great Brett Favre to Repay $1.1 Million Paid for Speeches Never Made

The spending by the Mississippi Department of Human Services showed Brett Favre had been paid $1.1 million for three speaking engagements, none of which he participated in.




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Taiwan Baseball League Set to Allow Fans Back in Ballparks from Friday

The China Professional Baseball League said up to 1,000 people would be permitted to enter ballparks from Friday.