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Opinion: That Trump Lysol Moment

Wonder Land: The dispute between "proven" therapies to treat coronavirus and taking risks for people at death’s door. Images: Everett Collection/Getty Images Composite: Mark Kelly




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How the 2020 Presidential Campaign Is Starting to Resume

As fears of the novel coronavirus spread through the U.S., the high-contact tradition of presidential campaigning came to a halt. WSJ's Gerald F. Seib explains what Americans may see as campaigning resumes. Photo: Shutterstock/Zuma 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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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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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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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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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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Shree Cement Q4 PAT jumps 58% YoY to Rs 535 cr

On a consolidated basis, Shree Cement's net profit jumped 57.6% to Rs 535.93 crore on 2.1% decline in net sales to Rs 3,415.14 crore in Q4 March 2020 over Q4 March 2019.




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Adani Transmission Q4 PAT slumps 60% YoY to Rs 59 cr

Adani Transmission's consolidated net profit dropped 60% to Rs 59 crore on a 3% decline in operational revenue to Rs 2220 crore in Q4 March 2020 over Q4 March 2019.




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Trump reaches out to world leaders on coronavirus, global economy

US President Donald Trump reached out to several world leaders, including those from Germany and Saudi Arabia, to discuss the coronavirus pandemic and the global economy on Friday, the White House said. Trump and King Salman bin Abdulaziz Al-Saud of Saudi Arabia discussed the latest positive developments in defeating the coronavirus pandemic and re-energising global economies, the White House said in a readout of the call. The two leaders agreed on the importance of stability in global energy markets and reaffirmed the strong United States-Saudi defence partnership, it said. Trump and King Salman also discussed other critical regional and bilateral issues and their cooperation as leaders of the G7 and G20, respectively, the readout of the call said. In a separate phone call with Chancellor Angela Merkel of Germany, the two leaders discussed positive developments in defeating the coronavirus pandemic, research efforts and reopening the American and German economies. "The President ...




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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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Virus restrictions reimposed amid patchwork re-openings

In Texas, where the Republican governor was praised by President Donald Trump for loosening restrictions, hair salons and barber shops were allowed to reopen Friday, following earlier restarts of restaurants and retailers. Republican Senator Ted Cruz flew up from Houston to get his hair cut at a Dallas salon that became a rallying cry for conservative protests against lockdown orders after the owner refused to shut down and was jailed. She was later ordered released. California, which imposed the first statewide stay-home order in the U.S., was taking more modest steps. Democratic Governor Gavin Newsom allowed clothing stores, sporting goods shops, florists and other retailers to start operating curbside pickup Friday, with many employees required to wear masks. Pennsylvania announced that 13 counties, including much of the Pittsburgh area, can loosen restrictions next week, following a similar move for a swath of rural northern Pennsylvania. South Carolina restaurants can reopen with




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AOC's John Coates: Tokyo could be the greatest Olympics ever

Australian Olympic Committee president John Coates has predicted that next year's coronavirus-delayed Tokyo Games may ultimately be amongst the great games ever, if not the greatest. The Sydney-born Coates, who oversees planning for the Tokyo Olympics for the International Olympic Committee, told the AOC's annual general meeting on Saturday that he would put aside any of his parochialism while hoping that Tokyo would supplant Sydney as the best ever. At the closing ceremony of the Sydney 2000 Games, then IOC president Juan Antonio Samaranch described the Australian event as the best Olympic Games ever during the closing ceremony. The best-ever"claims for Tokyo by Coates, who did not go into further details, come despite spiraling costs for the Japan games, which will now begin on June 23, 2021. Japan is officially spending $12.6 billion to organize the Olympics, but a government audit report last year said it was at least twice that much. It's all public money except for $5.6 billion .




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NASCAR's empty-oval return means lost races at three tracks

American stock car auto racing's comeback later this month from the coronavirus pandemic will cost three tracks their 2020 season races with more schedule adjustments coming soon. That was the word Friday from the National Association for Stock Car Auto Racing (NASCAR), the closed-cockpit series that is the most popular form of US auto racing. Races at Sonoma, California; Joliet, Illinois and Richmond, Virginia were named those moved to ovals without spectators this month to jumpstart the US revival of sport in the wake of the coronavirus pandemic shutdown. Sonoma Raceway officials said the road course tried to find a new date to replace June 14 but couldn't "given the ongoing uncertainty around large events in California." It will be staged instead on May 27 at Charlotte Motor Speedway, which will host a regularly scheduled race three days earlier in what will essentially be made-for-television events. A planned June 21 race at Chicagoland will be the May 17 comeback event at ...




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China reports 15 new asymptomatic coronavirus cases

China has reported 15 new asymptomatic coronavirus cases, taking their total to 836 while one new imported COVID-19 infection was confirmed, health officials said on Saturday. According to China's National Health Commission (NHC), as for Friday 836 asymptomatic cases, including 63 from overseas, were still under medical observation. The NHC said one imported case of coronavirus was reported on Friday and 15 new asymptomatic cases, all domestic ones, were confirmed in the country. Most of the asymptomatic cases were being reported from first coronavirus epicentres Hubei province and its capital Wuhan where no confirmed cases were reported for the 35 days, the local health commission said. Normalcy is returning to the province as the lockdown has been lifted and offices, business and factories have been opened since last month. The province still has 628 asymptomatic cases under medical observation, after 13 new cases were reported on Friday, the commission said. Death toll in China ...




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Trump says 'no rush' on more aid as jobless crisis grows

President Donald Trump says he's in no rush to negotiate another financial rescue bill, even as the government reported that more than 20 million Americans lost their jobs last month due to economic upheaval caused by the coronavirus. The president's low-key approach came Friday as the Labor Department reported the highest unemployment rate since the Great Depression and as Democrats prepared to unveil what Senate Democratic leader Chuck Schumer calls a Rooseveltian-style aid package to shore up the economy and address the health crisis. Some congressional conservatives, meanwhile, who set aside long-held opposition to deficits to pass more than USD 2 trillion in relief so far, have expressed reservations about another massive spending package. We've kind of paused as far as formal negotiations go, Larry Kudlow, the director of the National Economic Council told reporters Friday. He said the administration wanted to let the last round of recovery funding kick in before committing to ..




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Ivanka Trump's personal assistant tests positive for coronavirus

Ivanka Trump's personal assistant has tested positive for the deadly coronavirus, making her the third White House staff member to be infected from COVID-19, a media report said on Saturday. The assistant, who works in a personal capacity for US President Donald Trump's daughter, has not been around her in several weeks, the CNN reported. She has been teleworking for nearly two months and was tested out of caution, the report quoted a source as saying. She was not symptomatic. Ivanka and her husband Jared Kushner both tested negative on Friday, the person familiar with the matter told the US news channel. The development comes a day after President Trump confirmed that Vice President Mike Pence's press secretary Katie Miller had tested positive for the coronavirus. "She's a wonderful young woman, Katie, she tested very good for a long period of time and then all of a sudden today she tested positive," Trump said during a meeting at the White House. He said Miller had not come into ...




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WHO, UN's postal agency release commemorative stamp on 40th anniversary of smallpox eradication

The WHO and the UN's postal agency have released a commemorative postage stamp on the 40th anniversary of the eradication of smallpox, with the head of the global health body expressing gratitude to a top Indian-origin UN official. In May 1980, the 33rd World Health Assembly issued its official declaration that "the world and all its peoples have won freedom from smallpox." It was ended on the back of a 10-year WHO-spearheaded global effort that involved thousands of health workers around the world to administer half a billion vaccinations to stamp out smallpox. "When WHO's smallpox eradication campaign was launched in 1967, one of the ways countries raised awareness about smallpox was through postage stamps when social media like Twitter and Facebook was not even on the horizon," World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus said. "I especially want to thank my friend Mr Atul Khare, United Nations Under-Secretary-General for Operational Support, for ...




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Roy Horn of Siegfried & Roy dies from coronavirus at 75

Roy Horn of Siegfried & Roy, the duo whose extraordinary magic tricks astonished millions until Horn was critically injured in 2003 by one of the act's famed white tigers, has died. He was 75. Horn died of complications from the coronavirus on Friday in a Las Vegas hospital, according to a statement released by publicist Dave Kirvin. Today, the world has lost one of the greats of magic, but I have lost my best friend, Siegfried Fischbacher said in the statement. From the moment we met, I knew Roy and I, together, would change the world. There could be no Siegfried without Roy, and no Roy without Siegfried. He was injured in October 2003 when a tiger named Montecore attacked him on stage at the Mirage hotel-casino in Las Vegas. He had severe neck injuries, lost a lot of blood and later suffered a stroke. He underwent lengthy rehabilitation, but the attack ended the long-running Las Vegas Strip production. The darker-haired of the flashy duo, Horn was credited with the idea of ...




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Colombian advertising company pitches morbid solution for hospital bed and coffin shortages

A Colombian advertising company is pitching a novel if morbid solution to shortages of hospital beds and coffins during the coronavirus pandemic: combine them. ABC Displays has created a cardboard bed with metal railings that designers say can double as a casket if a patient dies. Company manager Rodolfo Gmez said he was inspired to find a way to help after watching events unfold recently in nearby Ecuador. Families in the coastal city of Guayaquil waited with dead loved ones in their homes for days last month as COVID-19 cases surged. Many could not find or were unable to afford a wood coffin, using donated cardboard ones instead. Gmez said he plans to donate 10 of his new beds to Colombia's Amazonas department, where resources are in short supply. So far there is no indication whether the beds will be put to use and no orders have been placed.




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Golden Globes makes temporary changes to foreign language film eligibility rules

The Hollywood Foreign Press Association (HFPA) has tweaked its rules for the Golden Globes in regard to the foreign language film category, amid the coronavirus pandemic. According to Variety, HFPA has announced that foreign language films will not need a theatrical release in their own country to be eligible for the 2021 Golden Globes. Earlier there was a rule that foreign films must be released in their country of origin during the 15-month period from October 1 to December 31 prior to the awards. Foreign-language motion pictures that had a bona fide theatrical release planned to begin in their country of origin during the period from March 15 until a date to be determined by HFPA when cinemas in that country have generally reopened, may instead be released in any country in any format and will still be eligible for the Golden Globe foreign-language motion picture awards, the new rule states. The films can be released in motion picture format such as in theatres or on pay-per-view ..




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UK plans 14-day compulsory quarantine for all airport arrivals

The UK is planning to bring in compulsory 14-day quarantine for all travellers arriving in the country from any part of the world, except the Republic of Ireland, as part of measures to track the spread of coronavirus, according to UK media reports. The new restriction, which means travellers including Britons arriving in the UK would have to self-isolate at a private residence and fined up to 1,000 pounds or deported for flouting the rules, is expected to take effect at the end of this month. According to The Times', the quarantine will form part of the announcements when British Prime Minister Boris Johnson makes a televised address to the nation on Sunday in relation to the COVID-19 lockdown. He has vowed to move with maximum caution as he reopens the economy by lifting some of the social distancing measures and stay-at-home orders next week, enabling people to exercise more than once a day and visit garden centres. These measures will help protect the British public and reduce the




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European 2021 equestrian championships cancelled

European equestrianism on Saturday became the latest sport to adjust its calendar because of the postponement of the Olympics with the announcement that it had cancelled its 2021 eventing championships. With the Tokyo Games put back to next summer, other sports that had planned major championships for 2021 have been forced to react. The European equestrian championships were scheduled for Haras du Pin in Normandy from 11 to 15 August, which meant they were due to start just three days after the rearranged Olympics ends. The French equestrian federation, which announced the cancellation in a press release, said a postponement had been considered but rejected and, instead, Haras du Pin was "positioning itself for the organisation of the European Eventing Championship in 2023." Eventing sees a single rider and mount compete at show-jumping, dressage and cross-country.




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SBI complains to CBI after Rs 411 crore loan defaulter flee country

Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said. The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said. Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said. The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the




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Yamaha employees donate a day's salary to support fight against COVID-19

Two-wheeler major Yamaha Motor India Group (YMIG) on Saturday said its employees have voluntarily donated a day's salary to support the government in combating the coronavirus pandemic. The company's permanent employeesas well as some trainees based out of its three plants -- Kanchipuram (Tamil Nadu), Surajpur (Uttar Pradesh) and Faridabad (Haryana), and employees at its other offices donated a total of Rs 61.5 lakh from their pay for April, YMIG said in a statement. Out of the total amount, Rs 25 lakh each will be donated to the Chief Minister's Public Relief Fund (Government of Tamil Nadu) and Chief Minister Distress Relief Fund (Government of Uttar Pradesh). The remaining Rs 11.5 lakh will be donated to the PM-CARES Fund, it added. "This is a global crisis and Yamaha's task as a global company is enormous. During such time what COVID-19 has prompted, Yamaha feels that it is important for everyone to stand united against the pandemic and come forward to support the government in ...




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Train tragedy victims had applied to MP govt for passes: Cong

Opposition Congress in Madhya Pradesh on Saturday alleged that the 16 migrant workers, who were crushed to death by a train in Maharashtra on Friday, had applied to the Shivraj Singh Chouhan govenment for passes to travel back home about a fortnight ago, but the administration failed to act on it. Senior Congress leader Digvijaya Singh tweeted a video in which a survivor of the train tragedy claimed that they had applied for their return to their respective districts in Madhya Pradesh. Alleging that the MP government's "negligence and inaction" led to the death of the workers, Singh also called for a probe to know what arrangements the BJP-led government had done to bring back these workers after they applied for return. "The workers killed in the train accident had asked for passes from the Shivraj government about fifteen days back. These 16 lives could have been saved, if passes were issued. Shivraj ji, these deaths are the result of jungle raj," Madhya Pradesh ...




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UP Cong launches portal for people to lodge COVID-19 lockdown related complaints

The Uttar Pradesh Congress has launched a chat portal that will let people list the problems being faced by them amid the ongoing COVID-19-induced lockdown, the party said on Saturday. The complaints received from users of the UP Mitr' chat portal will be forwarded to Chief Minister Yogi Adityanath so that the state government can help the people, state Congress chief Ajay Kumar Lallu said in a statement. "The portal has been made to help the common public during the COVID-19 pandemic. Through it, problems of the common public will be listed and the UP Congress will help the complainants. The list of complaints will be sent to the chief minister, Lallu said. The Congress leader said that his party was committed to help every needy person in the state. "The party is running community kitchens at various places in the state including Ghaziabad, Hapur, Kanpur, Allahabad, Lakhimpur Khiri and Lucknow, he said in the statement. The party's district committee is making dry ration available ..




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MP CM urges migrants to be patient, ensures their safe return

In the wake of the death of 16 workers from Madhya Pradesh in a train accident in Maharashtra on Friday, MP Chief Minister Shivraj Singh Chouhan on Saturday urged the stranded migrants to be patient as his government was making arrangement for their safe return to the state. He also asked them not to risk their lives by undertaking return journey on foot. Sixteen migrant workers- part of a group of 20 headed towards villages in Madhya Pradesh and who were resting on the tracks, were crushed to death by a goods train in Aurangabad district in the early hours of Friday. According to police, they had left Jalna around 7 on Thursday evening and decided to rest on the tracks after walking for about 36 km. In a video statement, Chouhan said, "The migrant labourers should be patient and avoid return journey on foot as the state government has made arrangements to bring them back." "Eleven trains carrying people from other states have already reached Madhya Pradesh and 10 more ...




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MP: Woman dies of COVID-19 in Indore; toll reaches 87

A 55-year-old woman died of COVID-19 in Madhya Pradesh's Indore district on Saturday, taking the toll in the region to 87, an official said. A COVID-19 patient died on Thursday after undergoing treatment at a city hospital for 10 days, chief medical and health officer (CMHO) Praveen Jadia said. The woman was already suffering from high blood pressure, sepsis and other ailments, he added. With 53 persons testing positive for COVID-19 in the last 24 hours, the count in the district has reached 1,780, of which 732 patients have recovered from the infection, the official said. According to the latest data, the COVID-19 mortality rate in Indore was 4.89 per cent, which was a decline of 5.44 per cent registered last month.




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BSP attacks UP govt for exempting industries in state from some labour laws

The Bahujan Samaj Party on Saturday attacked the Uttar Pradesh government for exempting industries in the state from some labour laws, saying it comes at a time when the condition of labourers is the "worst" during coronavirus pandemic. In a series of Hindi tweets, BSP chief Mayawati said, "Due to the outbreak of COVID-19, the condition of labourers is perhaps the worst, and even then a mechanism has been implemented where instead of 8 hours of work, they are made to work for 12 hours. This is very sad and unfortunate. Change in labour laws should be in the interest of the labourers." "Babasaheb BR Ambedkar had brought the concept of overtime, if the labourers had worked for more than 8 hours in a day, when exploitation of labour was at its peak. Is it correct to push the country to that era," she asked in another tweet. The BSP chief also said, "Keeping the current situation prevailing in the country, the labour laws should be changed in a way, so that labourers working in a factory .




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Lockdown-affected 'Divyangjan': MP NGO writes to CJI for help

An NGO from Indore in Madhya Pradesh has sent a letter petition to the Chief Justice of India seeking direction to government authorities to ensure people with disabilities, or Divyangjan, reach their homes safely amid the lockdown for the novel coronavirus outbreak. The letter was sent to the CJI on Friday, Anand Service Society's directors Gyanendra and Monica Purohit told PTI. "More than 150 Divyang persons are stuck in different parts of the country and waiting endlessly to go back to their homes. We have sent a letter petition to the Chief Justice of India requesting him to issue necessary directions to the concern authorities," Purohit said. "After our successful mission to rescue 23 speech and hearing impaired persons, a large number of people with disabilities have approached us to make arrangements for their safe return to their homes. "We need government support for it and, therefore, requested the Chief Justice of India to give necessary directions to National




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Coronavirus: Young women on 'mission fogging' in J-K's Udhampur

Joining the efforts of the government to combat coronavirus, a group of young women equipped with a latest hi-tech machine is conducting fogging in Jammu and Kashmir's Udhampur district. The five women, aged between 18 and 22, have already covered six villages in the district and are also distributing masks and educating people about COVID-19. "We are volunteers of NGO 'Team Khalsa' and have managed to get the machine to conduct fogging, especially in remote areas which usually remain unattended," Gagan, the leader of the five-member group, told PTI. She said they have already covered Chhakhar, Vishal Jatta, Sambal, Sui and Kahjahir villages in the past one week. "We are targeting one village for sanitisation and awareness every day," Gagan said while distributing face masks in Cherry Swail village. Asked about the challenge and the response of their families, she said they are cooperating and appreciating their efforts. "We had a tough time convincing our parents for permission as ...




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Thane: Fire breaks out in dumping ground, no injuries reported

A huge fire broke out in the Aadharwadi dumping ground in Kalyan in Thane district on Saturday afternoon, an official said, adding that no injuries had been reported so far. The fire broke out at 1:30pm and heavy smoke along with a pungent smell was emanating from the site, said Kalyan Dombivali Municipal Corporation Chief Fire Officer Dileep Gund. "Ten fire engines and ten water tankers have been deployed to douse the blaze. There are no casualties. The fire may have been caused by excessive heat," he added. The wind was making it difficult to control the blaze and it may take up to two days to completely put it out, he said, and informed that there was no shortage of water for dousing operations.




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Sikkim govt rolls out austerity measures to tide over fiscal impact of COVID-19

The Prem Singh Tamang government in Sikkim has decided to reduce the salaries of the chief minister and ministers by 35 per cent for the next one year to mitigate the adverse impact of the coronavirus pandemic on the state's economy. As per decisions taken at a cabinet meeting presided over by the chief minister on Friday, utilisation of discretionary funds of the ministers have also been put on hold. The state government has decided to impose a ban on appointments under regular/work-charged/muster roll/adhoc/consolidated pay/ temporary basis for six months, a press release issued by the Information and Public Relations department said. The state government has also decided to impose a ban on replacement and purchase of new vehicles, computers and peripherals while the allocation under revenue expenditure in all departments will be curtailed by ten per cent. Among other things, there will be restrictions on advertisement or publication of notice inviting tender except ..




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RCF logs 35% rise in sales of complex fertilisers in April

State-owned Rashtriya Chemicals and Fertilizers Ltd on Saturday said it reported a 35 per cent increase in sales of complex fertilisers, marketed under Suphala brand, last month. "Despite enormous logistic and other challenges posed by COVID-19 lockdown, Rashtriya Chemicals Fertilizers Ltd (RCF)...registered an increase of 35.47 per cent in sale of its NPK fertilizers SUPHALA in the month of April, 2020 as compared to April 2019," an official statement said. Chemicals and Fertilizers Minister D V Sadananda Gowda congratulated the RCF for this sale performance. He expressed satisfaction that different fertiliser PSUs under his ministry are working hard to assist Indian farmers in overcoming difficulties of the lockdown announced to curb COVID-19 spread, the statement said. RCF chairman and managing director S C Mudgerikar said the company is ensuring continuous supply of fertilisers to the farmers, with adequate safety and hygiene. RCF has contributed Rs 83.56 lakh to PM-CARES Fund and




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Strict restrictions reimposed after traffic jam in J&K's Bhadarwah

Police and paramilitary personnel were deployed in greater strength on Saturday to curb free movement, a day after some people under quarantine were caught in a traffic jam in Bhadarwah of Jammu and Kashmir's Doda district, officials said. Out of the total 20 districts in the Union territory, Doda and Poonch in Jammu division are coronavirus free with no reported case till date. Doda district was recently declared a green zone by the administration and simultaneously some relaxations in lockdown restrictions were announced following which people started resuming their normal activities and vehicles also started plying in different areas, including Bhadarwah town. However, alarm bells started ringing when a group of labourers, who are under administrative quarantine after being brought back from outside Jammu and Kashmir this week, were caught in a massive traffic jam in the middle of the main market while being taken to a hospital in the hilly town for COVID-19 testing on Friday, the .




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ICICI Bank Q4 consolidated profit up 6.91 pc to Rs 1,251 cr; sets aside Rs 2k-cr for virus impact

ICICI Bank on Saturday reported a 6.91 per cent growth in March quarter net at Rs 1,251 crore on a consolidated basis, after setting aside over Rs 2,000 crore in provisions for potential impact of the COVID-19 pandemic. On a standalone basis, the second largest private sector bank's profit grew 26 per cent to Rs 1,221 crore as against Rs 969 crore in the year-ago period. For fiscal year 2019-20, it reported a 135 per cent jump in standalone profit to Rs 7,930.81 crore. From an asset quality perspective, the bank reported an improvement in gross non-performing assets (NPAs) ratio to 5.53 per cent as against 6.70 per cent in the year-ago period and 5.95 per cent as of December 2019, despite over Rs 5,300 crore in fresh slippages during the reporting quarter. ICICI Bank President Sandeep Batra said it had slippages of Rs 4,300 crore in the preceding December quarter, and the additions on this front can be attributed to two accounts -- a West Asian healthcare company and a Singaporean oil




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Exemption from labour laws in Guj for new industrial units

The Gujarat government on Saturday announced exemption from certain labour laws for 1,200 days to firms that want to set up new units in the state in order to "boost economic activities" post-lockdown. Earlier, governments of Uttar Pradesh and Madhya Pradesh had offered concessions from labour regulations in their states to attract investment. The government also announced relief amid coronavirus pandemic for industries which use natural gas supplied by Gujarat Gas, a subsidiary of state-owned Gujarat State Petroleum Corporation, by giving more time to pay gas bills. "Companies in Gujarat, India and abroad willing to bring new projects and set up new units in the state will be freed from labour laws for 1,200 days, except those related to the minimum wages and industrial safety," said Ashwani Kumar, secretary to Chief Minister Vijay Rupani. Local MSME owners willing to set up new units will also get this exemption, he said. In a tweet, Chief Minister's Office said that ...




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COVID-19 challenges: TN forms panel under ex-RBI Guv Rangarajan to improve fiscal position

The Tamil Nadu government on Saturday set up a high-level committee headed by former Reserve Bank of India governor C Rangarajan to examine fiscal challenges facing the state owing to the COVID-19 pandemic and suggest the way forward to improve its fiscal position. The committee, which will also consist of Finance Secretary S Krishnan as coordinator, will submit its report to the government within three months, according to a Government Order. The committee, with 21 members, would assess the overall immediate and medium term impact of the COVID-19 pandemic on different sectors of the state's economy including the impact of lockdown, additional costs and implications due to social distancing and their precautionary measures. Also, it would assess the opportunities and threats in the short and medium term, suggest measures required to help the important sectors of the economy to overcome the impact of the virus pandemic. Apart from identifying specific reform measures to ..




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Punjab CM warns Pak against attempts to spread 'narco terrorism'

Punjab Chief Minister Amarinder Singh warned Pakistan on Saturday against its "persistent attempts" to spread narco-terrorism in India, asserting that the police force was "keeping a close watch" on anti-national activities across the border even during a crisis. Our eyes are open to what Pakistan is doing, Singh said, hours after the NIA arrested a "notorious narco-terrorist" who acted as a conduit for Pakistan-based terror groups. The central agency said in a statement that it, along with the Punjab and Haryana police, arrested Ranjit Singh alias Cheeta, a resident of Amritsar, from Haryana. It said investigation in a drug case against Singh showed Pakistan-based outfits were using narcotic trade to generate funds for terror activities in India. Assuring people that no matter how much the force has been busy with Covid duties, the Punjab chief minister said, the police was keeping a watch on the borders. "Pakistan is not letting up on its attempts to push drugs, weapons and drug ...




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After flip-flops, IndiGo clarifies pay cut for senior employees will be for entire 2020-21

After announcing on Friday that it was reinstating pay cuts of up to 25 per cent for its senior employees, IndiGo airlines said it would take a decision on restoring original salary "closer to the end of this financial year". The country's largest domestic airlines had on Friday announced pay cut ranging between 5 and 25 per cent, in addition to its leave-without-pay programme for May, June and July, for senior employees. The announcement, made through internal emails, came after a series of flip-flops on the matter as India's largest domestic airline struggled to stay afloat amid grounding of all commercial passenger flights due to the coronavirus-triggered lockdown. In the emails accessed by PTI, the airline said the salary cut will be effected from May till the end of the 2020-21 financial year. It has already paid full salary of April to its employees. The airline had first announced its decision to cut salaries on March 19 when the economic fallout of the COVID-19 pandemic was ...




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Hockey India employees asked to check status on Aarogyasetu App before leaving for work

Hockey India employees will have to review their health status on 'Aarogyasetu' App before starting for office and they can travel only if their status is 'safe' or 'low risk', according to an advisory issued by the sports body. The Hockey India advisory outlined the preventive measures which all its employees need to be follow at office to contain the spread of the dreaded COVID-19 pandemic. The highly-contagious disease has so far claimed nearly 2000 lives and infected over 59,000 in the country, forcing the government to enforce a lockdown till May 17. "With reference to the directive issued by the Ministry of Personnel, Public Grievances and Pensions, Department of Personnel & Training, Government of India ... All the staff members should download 'Aarogyasetu' App on their mobile phones immediately," the advisory said. "Before starting for office, they must review their status on 'Aarogyasetu' and commute only when the app shows 'safe' or 'low risk' status. "The staff members




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Daughter of MP cop who died of COVID-19 appointed PSI

The 23-year-old daughter of a policeman who died of the novel coronavirus infection last month in Madhya Pradesh has been appointed as sub-inspector in the force by the state government, said an official on Saturday. The 59-year-old policeman, in charge of Neelganga police station in Ujjain district, died in an Indore hospital on April 21 after getting infected while performing his duty in a containment area, the official said. "Minister for Home and Health Narottam Mishra spoke to the 23-year-old woman on Saturday over phone and told her about the appointment as PSI as announced by Chief Minister Shivraj Singh Chouhan. She is likely to join duty next week," a state public relations department official said.




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State varsities to implement academic calendar within month after lockdown is lifted: Bengal edu minister

All the state universities in West Bengal will implement the academic calendar in their respective institutions within a month after the lockdown is lifted, Education Minister Partha Chatterjee said on Saturday. Chatterjee, who earlier in the day held a videoconference with vice-chancellors of all the state universities, told reporters at an online press conference that the VCs have decided on how to conduct the classes and the final semester examinations. "The academic calendar, including examinations, will be put into effect within a month after the lockdown is lifted," he said. Chatterjee said the institutions have also received the University Grants Commission (UGC) guidelines in this regard and the issue came up in the meeting held during the day. He had earlier said that the UGC guidelines reflect the recommendations made by the state government on issues such as conducting terminal examinations in the post-lockdown period. "The faculty members of the universities .




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Understanding the magic of compounding

Regular saving in relatively safer financial instruments yielding moderate returns can work wonders over a long period of time.




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Why Some States Are Struggling to Pay Unemployment Claims

As coronavirus closures continue to put businesses on life support, a record number of people are filing jobless claims to overwhelmed state labor departments. WSJ explains why some states are struggling under the historic load. Photo Illustration: Carlos Waters/WSJ




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How Coronavirus Changes Unemployment Insurance for Gig Workers

Gig workers are playing a bigger role in the American economy during the global pandemic. WSJ's Gerald F. Seib explores whether their eligibility for unemployment insurance will continue after the virus passes. Photo: Justin Heiman/Getty Images




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Opinion: The Bernie Sanders Campaign Is Far From Over

Potomac Watch: Bernie Sanders may have given up on the Democratic Presidential nomination but is determined to make Joe Biden unelectable. Image: Jonathan Ernst/Reuters




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Movies and Theme Parks: 'Baby Shark' Creators Look to Expand Empire

The South Korean company behind the hit video "Baby Shark" is hoping to expand its empire with films and merchandise while pursuing the next viral sensation. Its strategy aims to beat competitors in an increasingly crowded space for children’s attention. Image: Pinkfong