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Covered for 12 months of payments: Adani Enterprises

Adani Enterprises (AEL), the parent company for the group’s airports and renewable energy businesses, is covered for 12 months of payments amid the lockdown-related economic disruptions, the management said.




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Analyst Corner: SBI Life – upgrade to ‘buy’ with fair value of Rs 1,000

SBI’s focus on the insurance business during a challenging year and SBI Life’s technology push to improve digital agent and client engagements remain crucial.




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ICICI Securities Q4 net profit up 28% y-o-y

With increased focus on other products like home loans, fixed income products, corporate bonds and deposits, insurance, AIF, PMS, SGBs and NPS, non-MF distribution revenue rose 13% y-o-y to Rs 54 crore.




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Networking forms the core of all future technologies: Jetking VP

And in this age of AL, ML and blockchain that are network-based technologies, networking has gained a lot of importance, says Siddarth Bharwani, VP, Brand & Marketing, Jetking Infotrain.




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Art of winning: Management lessons from Delhi election

Team-building and customer-connect are more effective than tall agendas



  • Jobs and Education

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Cyberattacks get a new dimension: Political and economic intentions of cybercriminals

Threat trends show political and economic intentions of cybercriminals.




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Expansion of equalisation levy: Why it’s not well-timed

By expanding the scope of equalisation levy to cover foreign e-commerce platforms, India has rushed to incrementally cast its net wide insofar as the digital service user-base is concerned.




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Supply of essentials remains far from smooth

Grofers said the company’s warehouses are operational with 60% staff and to meet the surge in demand, the firm is hiring an additional 2,000 temporary warehouse and delivery staff across the country.




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Safety Matters: A look at some offbeat group video calling apps that score well on privacy

App Annie’s latest report highlights that Zoom is the most downloaded app on iOS amongst all users. But it has also put focus on privacy and security.




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Indian Immunologicals, Griffith University of Australia developing vaccine against Covid-19

IIL is already working with Griffith University for conducting R&D of Zika virus vaccine which is currently at pre-clinical toxicology testing stage.




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Trai pulls up mobile operators over extension of validity

Trai on March 29 had asked all the telecom operators to extend the validity of talk-time of their pre-paid subscribers so that they continue to get uninterrupted services.




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CSIR-CCMB developing digital platform to help in surveillance of coronavirus spread

CCMB and Institute of Genomics and Integrative Biology (IGIB), New Delhi are working together on the whole genome sequencing of the SARS-CoV-2 virus isolates which will help them to understand the evolution of the virus and its spread route.




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Solar tariff of Rs 2.55 per unit discovered in latest auction

The auction had received a positive response from investors with NHPC receiving bids of 3,540 MW for the tender. This is a shift from the recent trend of tenders being under-subscribed.




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Covid-19 could hardly dent the earnings of Darjeeling first flush

West Bengal chief minister Mamata Banerjee has allowed resuming operations in the gardens of Darjeeling, Doars and Terai with a workforce of 25%.




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Shoot like a pro with these camera phones in range of Rs 10,000

Capturing a still image or recording a special moment is among the best ways to preserve a memory. However, to truly enjoy the experience, the quality of the digital image is paramount, and so, it is important to get yourself a device with an amazing camera.




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Agri-tech: Harvesting benefits of tech at the mandi

Private e-mandis, farm-to-fork startups and location tracking & geo-fencing tech platforms are helping farmers sell their produce amidst the lockdown.




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Revenue, profitability of private hospitals to be hit in short-term: Icra

The ratings agency explained that private sector is dominated by small doctor-run facilities in terms of number of facilities and number of beds.




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Relief for celebrities, guidelines to check veracity of ad claims now possible; Srinivasan Swamy, Chairman, ASCI explains how

Advertising Standards Council of India (ASCI) recently announced a set of guidelines that will help celebrities to perform due diligence on a product or brand they wish to endorse.




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Asset allocation: Looking to book profits in equity now? Here’s why you should shift to short term bond funds

It has been proven that portfolio allocation leads to long-term optimum results on investments. Awareness among investors is gradually increasing on the imperative of allocation.




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Expect terminal growth of 6% for PNB Housing Fin

The Q4FY17 PAT was Rs 150 crore (47% y-o-y), 9% below our estimate. PPOP was 2% below estimate driven by lower NII, offset partially by lower costs.




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Maintain ‘buy’ on Aditya Birla Fashion; TP of Rs 200

Aditya Birla Fashion and Retail’s (ABFRL) 12.5% y-o-y revenue growth came in line with estimate, while Ebitda spurt of 30.7% and PAT at Rs 21.8 crore surpassed estimates.




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As promoters fail to infuse capital, recast loans of Rs 50,000 cr fail at CDR cell in FY12

Aggregate recast loans worth around Rs 50,000 crore (Rs 49,332 crore) failed at the corporate debt restructuring (CDR) cell in FY17, taking total failures since the inception of the cell in 2001 to Rs 1.37 lakh crore.




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Stressed asset purchases likely to pick up in next few months, say senior Kotak Mahindra Bank officials

Kotak Mahindra Bank on Thursday reported a surge in its first quarter net profit while maintaining the asset quality.




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For Bharat Financial, what is key to growth? BofA Merrill Lynch explains key points

Bharat Road Network, a road and highways BOT company, has priced its initial public offering (IPO), aimed at raising Rs 600 crore, in a price band of Rs 195-205.




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Development of engineering exports segment dampening actual steel use

On a similar note, India is trying hard to develop indigenous capacity (Make in India) for machineries and equipment required for, say, new steel capacity augmentation. Otherwise, the large scale of imports of capital goods in the form of machines and equipment for steel plants would have to continue by spending huge foreign exchange and make India import dependent.




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DLF improves performance in Q3, analysts maintain ‘Buy’ with revised target price of Rs 216

Management continues to focus on liquidating Rs 12,300-crore inventory and scaling up the rental portfolio (DCCDL). We maintain earnings estimates for the erstwhile merged entity (despite demerger of DCCDL) awaiting greater clarity on adjustments/reconciliation between DLF and DCCDL numbers (post-demerger).




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Analyst Corner: Valuations of AIA Engineering will remain rich – IDFC Securities

The production is based on orders received from the customers and hence management is confident that sales despatches would pick up over the next 2-3 quarters, driving an uptick in sales and normalised inventories.




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Not so sweet! Millers’ sugar offer in lieu of FRP fails to cheer farmers

Sugarcane arrears in Maharashtra have now mounted to Rs 5,000 crore and industry sources claim the position is likely to worsen.




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Analyst corner: ‘Add’ on Thermax with a target price of Rs 1,333

Overseas subsidiary performance is expected to turn around which coupled with gradual improvement in domestic margins will enable improvement in the overall margins.




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Analyst corner: Buy Apollo Hospitals with June 2020E target of Rs 1,700

As APHS concludes its capex cycle and loss-making ventures breakeven, the stage is set for APHS to double Ebitda and reduce capex to one-third over FY19–21.




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Maharashtra targets to export 2,500 tonnes of Alphonso, Kesar mangoes

The board had been holding regular workshops with both farmers and buyers to encourage exports, he said, adding that the board had taken huge efforts to ensure that more mango growers register their orchards with MangoNet.




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Analyst Corner| Vedanta — Maintain ‘Buy’ with target price of Rs 175

VEDL’s H2FY19 operating numbers were mixed. Key highlights, O&G production fell 2% due to natural decline at Mangla field, though gas volumes were better; production at Zn-India was lower due to geo-technical problems at RA mine and FY19 silver volumes missed 650-700t guidance.




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Bank of India to sell 25.05% stake in life insurance joint venture

Established in February 2009, Star Union Dai-ichi Life’s (SUD Life) premium income stood at Rs 1,211 crore, while its profit after tax stood at Rs 55 crore during April-December 2018-19.




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Branded bouquests blooming on the shelves of modern retail

The concept of modern malls in India has been slow in catching up with the trend of stocking flowers. The trade has been traditionally reserved for road-side vendors.  




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Cashew exporters concerned over surge in fraudulent imports of kernel

India produces 6-7 million tonne raw cashew per annum, and was till recently the leading supplier of kernels to the global markets.




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Steel pricing spread helps assertain strength of variables

In the next three decades the deregulation of the steel market (abolition of freight equalisation) and imports having been put under open general license led to a paradigm shift to the concepts of supply, capacity creation through differential technologies, SME’s role, demand assessments, competitiveness, pricing and export strategies.




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Avanti Feeds: Maintain ‘Buy’ with a target price of Rs 400

We note the stock price correction of 30% over the past four months offers an attractive entry price and we retain our 'Buy' rating with a DCF-based target price of Rs 400.




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Texmaco Rail: Maintain ‘Buy’ with TP of Rs 69

While we like the company’s diversified segmental presence, we moderate our order inflow and execution assumptions due to the ongoing economic slowdown and slower traction in railway EPC projects.




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Why digital OOH is the new frontier of marketing

A Nielson study has highlighted that OOH enjoys significant advantages over conventional forms of offline advertising




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Jamming the Marketing Hall of Femme

To fill your days with music between now and the Marketing Hall of Femme Summit & Awards on June 21, here's our HoF playlist




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Magnanimity of the rich: Cricket needs to take a leaf out of tennis’s book to maintain equilibrium

When the game returns, the struggling cricket boards will be dependent on three superpowers—India, England, Australia—for bailouts




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Rebooting the economy: India needs a stimulus package of at least 5% of GDP

To bounce back from the pandemic quickly, India needs a stimulus package of at least 5% of GDP that focuses on broad-based development in laggard eastern states.




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The 40-70 rule of decision-making

Leaders should take a decision when they have 40-70% of the information required for taking that decision.




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Coronavirus crisis: Politics of a pandemic

The Centre's fiscal management of the Covid crisis vis-a-vis availability of funds to states might result in creating a coercive, rather than a cooperative federalism.




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Spirit of federalism: Centre must allow states to resume liquor sales

This trend continues even for local governments, which come to rely more on state transfers to run the administration.




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Govts may not be able to isolate the true toll of the Covid-19 pandemic

Globally, experts are looking at “excess mortality” or mortality gaps as another measure of the coronavirus death toll. This approach compares the number of deaths during a certain period to the historical average.




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COVID-19’s costly trade-off: Unless lives are preserved, livelihoods become redundant

Coronavirus is ensuring the trade-off, especially for developing economies is significant, notwithstanding efforts to strike a balance




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COVID-19 crisis and the art of giving

A case could be made out for including chief ministers' relief funds in the list of entities eligible for corporate CSR funding




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Dressing Covid numbers: Bengal’s handling of the Covid outbreak raises many questions

Bengal’s handling of the Covid outbreak raises many questions.




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Covid-19: Time to think of key tax reforms — Few suggestions

The Covid 19 crisis is an opportunity to redefine tax policy and law. A calibrated approach to balance welfare economics with a vision to pioneer economic activity and national growth is needed.