c

Currency In Circulation Rises 0.7% On Week

Powered by Capital Market - Live News




c

India's Gold Demand Tanks 36% In March Quarter

Powered by Capital Market - Live News




c

Reserve Bank Extends Regulatory Benefits Under Special Liquidity Facility For Mutual Funds

Powered by Capital Market - Live News




c

Eight core infrastructure sector output dips 6.5% in March 2020

Eight core infrastructure sector output rises marginally by 0.6% in FY2020




c

RBI Governor meets MD & CEOs of Public and Private Sector Banks over Video Conference

In his opening remarks, the Governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.




c

GST Collection Sinks To Rs 28309 Crore In March As Lockdown Hurts

Powered by Capital Market - Live News




c

Employees of EPFO contribute Rs 2.5 crore to PM CARES fund

The employees of Employees Provident Fund Organization (EPFO) have come forward to support the Government's initiative in combating national crisis of COVID-19 pandemic and voluntarily contributed one day's salary- amounting to around Rs. 2.5 crore to the PM CARES Fund. EPFO, as one of World's largest Social Security Organizations, stands committed in the service of the nation in every possible way. The COVID-19, declared as a pandemic by the World Health Organization, has posed serious challenges for the health and economic security of millions of Indians. Government of India has set up a public charitable trust under the name of 'Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund' (PM CARES Fund) with the primary objective of dealing with any kind of emergency or distress situation. Officers and staff of EPFO are also contributing by putting in extra efforts for providing relief by expeditiously processing EPF withdrawal claims including COVID claims under




c

Government Is Likely To Announce A Relief Package For MSME Sector Soon - Nitin Gadkari

Mr Nitin Gadkari, Minister of Road Transport and Highways and MSME, Govt of India said that government is likely to announce a relief package for the MSME sector soon. He further said that all stakeholders must adopt an integrated approach to come over the crisis while ensuring the lives and livelihood of the people. Mr Gadkari also urged the industry to have a positive attitude during this time to tide over this crisis. "We will win the fight against corona along with the economic crisis and make India the superpower nation. Hum honge kamyab," said Mr Gadkari.




c

Country-Wide Lockdown Was Necessary But Has Had Deep Ramifications On Economic Activity: CII Survey

The country-wide lockdown imposed on 23rd March, while necessary, has had deep ramifications on economic activity. According to the CII CEOs Snap Poll on Impact of COVID-19 on Economy and Industry, while a majority of the firms continue to anticipate a significant decline in their topline, they now foresee a delay in economic revival and demand recovery. The survey saw the participation of more than 300 CEOs, of which nearly two-thirds belonged to MSMEs. The lockdown brought economic activity to a grinding halt and the survey findings indicate that a significant majority of the firms (65%) expect revenues to fall more than 40% in the current quarter (Apr-Jun 2020). For financial year 2020-21, the expectations of a fall in revenue are staggered, with 33% of the firms anticipating a revenue fall of more than 40%, closely followed by 32% of firms expecting a revenue contraction ranging between 20% to 40%.




c

India Manufacturing PMI Plunges Sharply Into Contraction Zone

Powered by Capital Market - Live News




c

Government of India announces the sale of three dated securities for Rs 19,000 crore

The government of India (GoI) has announced the sale (issue /re-issue) of three dated securities for Rs 19000 crore. These include 5.09% GS 2022 3,000 May 08, 2020, New GS 2030 (maturing on May 11, 2030) 10,000 and 7.19% GS 2060 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be Yield based for New GS 2030 and price based for remaining securities using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.




c

RBI Launches May 2020 Round Of Consumer Confidence Survey

Powered by Capital Market - Live News




c

Government Contemplating Policy On Import Substitution In The Wake Of New Economic Situation Created By COVID-19 Pandemic: Nitin Gadkari

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.




c

Excise Duty Increased On Petrol And Fuel

Powered by Capital Market - Live News




c

India's Services Sector Witnesses Largest Month On Month Contraction

Powered by Capital Market - Live News




c

RBI Announces Rate Of Interest On GOI Floating Rate Bonds 2024 At 3.62%

Powered by Capital Market - Live News




c

Downward Trend In Fuel Prices Could Negatively Affect Cost Benefit Of Electric Vehicles

Powered by Capital Market - Live News




c

Global food commodity prices drop further in April: FAO

FAO expects subdued usage to push up cereal stocks in 2019/20




c

Food grain procurement picks up pace amid lockdown

The procurement of wheat and rice (second crop) during the ongoing Rabi season has picked up pace despite severe logistical constraints posed due to the countrywide lockdown. Against the target of 400 Lakh Metric Tonnes (LMT) of wheat, procurement for central pool has touched 216 LMT upto 06.05.20. It is particularly heartening since procurement in major wheat procuring states like Punjab, Haryana and Madhya Pradesh had started only after 15th April. Similarly paddy procurement is also going on smoothly with 44.9 LMT paddy procured so far by the government agencies.




c

State-run Banks Sanctioned Loans Worth Rs 5.66 Lakh Crore Over Last Two Months

Powered by Capital Market - Live News




c

Heirs Fight Over An Inheritance, Advisers Referee

Inheritance battles can bring out the worst in heirs and advisers can help smooth the waters. Dow Jones' Arden Dale explains.




c

Productivity Far Outpaces U.S. Factory Wages

Overall compensation to factory workers doesn't come close to the impressive productivity gains that American factories have enjoyed over the past year. WSJ's David Wessel reports. (Photo: AP)




c

How To Dress For Success in Business

The Fit and color of the clothes you wear to a business meeting have an impact on how you are first perceived. Get off on the right foot by watching our guide on how to dress for success in business.




c

Raising Capital: The Shirt, Dogfish Head, Intelius

The Shirt founder Rochelle Behrens, Dogfish Head founder Sam Calagione and Intelius co-founder Naveen Jain share advice on raising capital at Wall Street Journal's How I Built It 2012 panel in Washington, D.C. . WSJ's Vanessa O'Connell leads the discussion.




c

Recruiting Talent: The Shirt, Dogfish Head Brewery

The Shirt founder Rochelle Behrens and Dogfish Head founder Sam Calagione share advice on recruiting talent at Wall Street Journal's How I Built It 2012 panel in Washington, D.C. WSJ's Vanessa O'Connell leads thediscussion.




c

Tax Surprise In Restricted Stock

A lot of executives who get restricted stock think they have taken care of taxes on them, but get a surprise bill in the end. How to avoid this.




c

5Paisa Capital reports consolidated net loss of Rs 1.70 crore in the March 2020 quarter

Sales rise 69.34% to Rs 35.41 crore




c

Gillette India standalone net profit declines 40.31% in the March 2020 quarter

Sales decline 12.66% to Rs 406.57 crore




c

Cyient consolidated net profit declines 74.41% in the March 2020 quarter

Sales decline 7.68% to Rs 1073.60 crore




c

Dr Reddys receives EIR from USFDA for API facility at Srikakulam

It may be noted that the site was issued warning letter in November, 2015 after the inspection in 2014, and was under "Official Action Indicated" classification till now.




c

Biocon receives EIR from USFDA for its small molecules API facility in Bengaluru

Powered by Capital Market - Live News




c

Vista Equity Partners to invest Rs 11,367 crore into Jio Platform

Vista is a leading global investment firm focused on empowering and growing enterprise software, data and technology enabled companies that are reinventing industries and catalyzing change. Vista has more than $57 billion in cumulative capital commitments and its global network of companies collectively represent the 5th largest enterprise software company in the world.




c

Hexaware Technologies launches KareRing, a cloud based quarantine zone management solution

KareRing adheres to standards like data encryption. Advanced tracking technology increases accuracy by using other sensory data. The app leverages AI-powered global identity verification to authenticate users' identity before onboarding them and uses data analytics and intelligence techniques to visualize user data. An inbuilt, WHO-compliant bot is used for user self-health assessment. The app has also an added functionality for healthcare organizations to evaluate the efficacy of the vaccine under trial.




c

Zydus Cadila launches affordable prostate cancer treatment drug 'Obnyx'

Powered by Capital Market - Live News




c

Procter & Gamble Hygiene and Health Care standalone net profit rises 1.10% in the March 2020 quarter

Sales decline 6.19% to Rs 656.05 crore




c

Western Transmission Gujarat standalone net profit declines 13.48% in the March 2020 quarter

Sales rise 27.54% to Rs 13.20 crore




c

R Systems International consolidated net profit declines 23.02% in the March 2020 quarter

Sales rise 6.60% to Rs 209.26 crore




c

McDonald's India adds new McSpicy Fried Chicken on its menu

Speaking about this new fried chicken on the menu, Seema Arora Nambiar, Sr. Vice President, Menu, Marketing and People Resources, McDonald's India (West and South) said All our products are designed keeping in mind what our consumers want and like. McSpicy Fried Chicken has been specifically crafted as per the taste preference of our consumers. This product is carefully marinated with ghost chili pepper and is fried to perfection to ensure it is spicy to the last bite - just the way consumers love it.




c

BASF India receives demand notice from Commercial Tax Department, Karnataka

The company has now received demand notice for the further period i.e. 2013-14 from the Commercial Tax Department, Karnataka aggregating to Rs. 85.19 crores (including interest & penalty) by treating the stock transfers of its Mangalore Plant as interstate sales to dealers.




c

K C P resumes operations at engineering unit and cement production unit

Powered by Capital Market - Live News




c

Adani Gas consolidated net profit rises 60.28% in the March 2020 quarter

Sales decline 0.77% to Rs 462.25 crore




c

SBI Card & Payment Services standalone net profit declines 66.41% in the March 2020 quarter

For the full year, net profit rose 43.91% to Rs 1244.82 crore in the year ended March 2020 as against Rs 864.97 crore during the previous year ended March 2019




c

TCI Express standalone net profit declines 12.56% in the March 2020 quarter

Sales decline 10.50% to Rs 237.94 crore




c

Shree Cement consolidated net profit rises 57.60% in the March 2020 quarter

Sales decline 2.13% to Rs 3415.14 crore




c

Lupin's Pithampur facility successfully completes UK MHRA inspection

Powered by Capital Market - Live News




c

Reliance Power reports standalone net loss of Rs 264.94 crore in the March 2020 quarter

Sales decline 2.72% to Rs 6.09 crore




c

Reliance Home Finance reports standalone net loss of Rs 238.37 crore in the March 2020 quarter

Sales decline 53.40% to Rs 276.85 crore




c

Uttam Galva Steels reports consolidated net loss of Rs 536.04 crore in the March 2020 quarter

Sales decline 57.18% to Rs 118.66 crore




c

Reliance Power reports consolidated net loss of Rs 4206.38 crore in the March 2020 quarter

Sales rise 13.39% to Rs 1798.05 crore




c

Swaraj Engines standalone net profit declines 4.86% in the March 2020 quarter

Sales decline 8.53% to Rs 175.13 crore