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Lockdown relaxation: Tirupur garment cluster to resume ops; units start getting queries from abroad

The Tamil Nadu government has announced relaxations allowing industries, particularly export units, to resume operations with standard operating procedure as suggested by the Union government.




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Cotton Corporation purchases record 7.5L bales from Gujarat growers

According to an official source, CCI had purchased more than 13 lakh bales in 2008 as that year too, cotton prices had nosedived due to the global recession.




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Multiplex Association urges actors, producers to hold films for theatrical release

With theatres being shut since for over a month now, many small and mid-rung production houses are understood to be in talks with video over-the-top (OTT) platforms for direct-to-digital launch of their unreleased movies.




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Marico Rating: ‘Buy’, risk-reward attractive

Marico's Q4FY20 was expectedly weak on topline but margin beat (lower RM & A&P) drove a positive earning surprise.




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Muthoot Finance Rating: Retain ‘add’ with FV of Rs 900

A solid security and appreciating asset prices will augur well for Muthoot Finance’s stable asset quality performance during a period when most NBFCs have negligible visibility on their recoveries.




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Covid-19: Over 200 companies in Pune industrial belt resume operations after curbs eased

Over 200 companies in Pune’s industrial belt of Chakan, Talegaon, Kurkumb, Baramati and Ranjangaon have resumed operations after restrictions were eased on Monday, even as the lockdown continues.




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Covid-19 effect: No wages for Gujarat diamond workers during lockdown

Despite the Gujarat government’s order to pay salaries to workers during lockdown period, lakhs of diamond artisans in Surat have not been paid their wages by their employers, said Diamond Workers Union – Gujarat.




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Ind-Ra places Shriram Transport Finance on Rating Watch Negative

India Ratings and Research (Ind-Ra) on Monday placed Shriram Transport Finance Company’s long-term issuer rating of ‘IND AA+’ on Rating Watch Negative (RWN).




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Lockdown relaxation: E-commerce firms see demand for non-essentials rise manifold

Consumer demand for non-essential products with e-commerce firms has increased manifold after the government last Friday lifted the ban on sale of such products by e-tailers.




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RIL rights issue: What’s in it for you

The rights issue offers an opportunity for existing shareholders to reap the benefits from RIL’s new and emerging businesses such as digital, telecom and retail business.




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Weak business performance, elevated debt levels to impact credit metrics of sugar industry

The Covid-19 pandemic is expected to exert downward pressure on the credit quality of sugar mills by eroding operating profitability and shoring up debt in fiscal 2021.




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Excluding Q1, paper sector will grow at around 6%: IPMA president

The Rs 75,000-crore paper industry, which has resumed production after relaxations were issued effective from April 15, may have a negative growth in the first quarter of this fiscal as demand lost in this lockdown cannot be compensated entirely.




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Icra downgrades long-term ratings on Edelweiss firms

The rating downgrade action took into account the increased stress in the wholesale portfolio, which could lead to a deterioration in the asset quality, and the consequent impact on the financial performance.




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Onion auctions come to a halt at Lasalgaon as 3 test positive with COVID-19

Suvarna Jagtap, chairperson, Lasalgaon Agriculture Produce Market Committee (APMC), told FE that three cases of coronavirus were reported at Lasalgaon at a distance of 3 km from the main market yard.




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Analyst Corner: Property sector – initiate ‘buy’; Godrej Properties top pick

The bright spot in the Indian real estate market viz leasing is likely to see an abrupt end to its rental uptick cycle.




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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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How to diffuse intergenerational tensions

The millennials are accustomed to having things at the click of a mouse. Want to watch a movie? Access Netflix. Want to plan a holiday? Do so on Makemytrip. Want to shop? Buy almost anything under the sun, any time, on Amazon or Flipkart. Want beauty treatment? Call Urbanclap. Want a date? Simply swipe right!




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Home-work effect: Mobile data consumption jumps 25%, video crosses 60%

The telcos have also said the government should direct video streaming platforms  to offer only standard definition (SD) and not high definition (HD) content for the time being so as not to choke the bandwidth.  




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The work-from-home experiment: What can students (future managers) learn from this?

Shashwati, a news analyst, is able to do research at home, but her effectiveness has dropped in the absence of the right infrastructure.




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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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Why your credit score may have dipped lately

The credit score algorithm now monitors your three-year credit history compared to the earlier two-year period. It also has new credit attributes along with other additional features.




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Analyst Corner: Maintain ‘neutral’ on Hero MotoCorp; TP at Rs 2,000

The near-term outlook is challenging amid economic stress across sectors due to the lockdown, which has added pain to the already weak demand environment and anomalies due to the BS VI transition.




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Moratorium on power charges: After Maharashtra, Uttar Pradesh to give relief to industrial consumers

The ongoing lockdown is seen to take a toll on the finances of the state-run discoms which are finding it difficult to continue meter reading exercises and collect payments from consumers. To make matters worse for discoms, their revenues are seen to decrease on account of lower usage by high paying consumers such as the railways, industrial and commercial users.




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CERC reduces late payment surcharge for discoms

Additionally, the quantum of advance payment that discoms need to furnish as security has been reduced to half till June 30.




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WiFi usage down marginally in weeks starting March 9, shows Opensignal data

The decrease in WiFi usage can also be attributed to people staying at homes.




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Containing Covid-19: Nasscom CoE incubated startups show their mettle

While DronaMaps is helping map Covid-19 patients in Haryana and other states, Blinkin has provided remote tech support for installing air ventilation systems in two Wuhan hospitals




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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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A longer lockdown? Here is what researchers have to say

A study by two India-origin researchers at the University of Cambridge, is based on the SIR approach, but takes into account age and social contact structure to assess the impact of the lockdown and social distancing measures adopted before it.




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COVID-19 lockdown: How national highways construction will take a hit

After a fiscal that saw the pace of work slowing down, a first for the NDA govt, FY21 is likely to be impacted by Covid-19 and its aftermath.




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Icra highlights exports uncertainty in Basmati business due to Covid-19

Going forward, price trends would be a function of demand. Both domestic and exports demand will be key determining factors affecting price trends.




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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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Curbing fake news: WhatsApp sets limit to forwarded messages

The Facebook-owned company explained that its previous exercise of limiting a forwarded message to five chats led to a 25% reduction in message forwards globally at the time.




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Onsitego: Financial support matters too

This startup has launched a fund to support service partners affected by Covid-19.




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Covid-19 effect: Content production companies stare at large losses

OTT platforms do have a buffer in their libraries but delayed production schedules will hit revenues.




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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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Techsplained @FE: What is edge computing? How it works and why we need it

Now, any developer could create an app and run it on Amazon, Microsoft or Google’s servers and make millions or billions in the process.




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Interview: Covid-19 pandemic will accelerate digitalisation, says Anjali Bansal, founder, Avaana Capital

Startups must maintain their financial health by conserving cash, cutting down on costs and renegotiating their existing contracts.




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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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MSME trade body pegs loss to sector at Rs 40,000-crore per day

AIMO has requested the government to look at protecting the elders and senior citizens of the country and allow the working class to return to their livelihoods, by introducing a citizen risk assessment module.




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$4.7-m deal with Swiss firm: SC sets aside arbitration award against Nafed

Nafed, a canalizing agency for the GoI, and Alimenta had entered into a contract for supply of 5,000 tonne Indian groundnut during1979-80.




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Indian rupee falls 31 paise against US dollar at the Interbank Foreign Exchange

The Indian rupee weakened by 31 paise to 62.64 against the US dollar today at the Interbank Foreign Exchange on month-end demand for the...




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Sensex tanks 722 pts to close at 26,717; Salman Khan conviction, GST fears, others blamed

BSE Sensex tanked 723 pts, its second biggest single day fall since Narendra Modi govt took over; Salman Khan, GST, others field the blame.




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WCD, ebay partner for online platform for women entrepreneurs

Women entrepreneurs will soon be able to market their products globally using an accessible online platform to be created by the Women and Child Development Ministry in collaboration with ebay.




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Jefferies puts ‘Hold’ rating on Strides Arcolab with Rs 1300 target price

Under the scheme, Strides shareholders will get 1 share of SSL for every 6 shares of Strides while Sequent shareholders will get 1 share of SSL for 25 shares of Sequent.




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After Adityanath, deputy CM Dinesh Sharma does a Kejriwal, pays surprise visit college in Lucknow

"Students say that they believe in giving exams without cheating" Sharma said.




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NRI BR Shetty to invest Rs 1000 cr to produce India’s biggest-ever movie ‘The Mahabharata’

The promoters of the movie claim that it would be the costliest Indian movie and made in Hollywood style with technicians sourced globally.




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Moto G5 priced at Rs 11,999 makes good first impressions

Moto G5 makes a good first impression with its high-end features




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How messaging app Reliance JioChat makes a mark; check out the top 6 features

A key feature is the peer-to-peer money transfer facility within the app.