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“While we had paid employee salaries in full for the months of March and April, I am afraid that we are left with no option but to implement the originally announced pay-cuts from the month of May 2020,” CEO Ronojoy Dutta told staff in a letter. Dutta said the leave would range from 1.5 to 5 days and would’t impact level A or the bottom rung of employees.

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Chief minister Uddhav Thackeray on Friday refuted rumours that the army would be called out in Mumbai as Covid-19 cases showed no signs of abating, and said if required, the state may seek additional forces from the Centre to afford rest to the stretched state police force in a phased manner. “If you violate the lockdown, you are extending the crisis,” he said.

The Karnataka government on Friday allowed takeaway sales of alcoholic beverages from clubs, hotels, bars and restaurants till May 17. The government has considered the demands of the owners of hotels, bars and restaurants and clubs to help them clear the old stocks by allowing them to sell beer and Indian-made liquor (IML) for a week between 9 am and 7 pm.

Analysts would track the management's commentary on Covid-19 related impact, traction in deposits post investment in YES Bank, movement of reported GNPAs, and moratorium utilised by customers

J P Morgan said that the core energy business could be staring at multi-year slump

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The provocation for this move is no doubt the recent large capital outflows from the markets that caused huge volatility in the forex markets - offshore NDF and onshore rupee

At least 3,000 schools have been turned into evaluation centres for CBSE Board Exams 2020 and the process will begin on Sunday, i.e. on May 10. 

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Sovereign gold bondsThis is with reference to the editorial ‘Bonding with gold’ (May 8). The falling demand for gold is also due to people’s craze for

The government on Friday announced raising its borrowing by over 50 per cent of Budget Estimate during the current fiscal. Additional borrowing means

Malaysia, Philippines show interest; weak rupee makes country competitive

Maharashtra Chief Minister, Uddhav Thackeray on Friday said that State Government could ask the Centre for additional manpower for policing as the Mah

Microsoft has revealed that it plans to deliver a feature update (May 2020 Update) between May 26 and May 28, said a report in Windows Latest.Microsof

It was an action-packed week for the economy, as the government and businesses began to map out the way ahead. Catch up on BL’s key stories on the sub

Facebook-owned messaging service WhatsApp is currently working on a feature that will allow users to connect their WhatsApp account to multiple devic

On Monday(May 11), Finance Minister Nirmala Sitharaman will hold a meeting with chief executives of Public Sector banks ( PSBs) and Chairman of State

This is the Indian Navy’s first massive evacuation exercise during the Covid-19 lockdown.

From laptops to apparels, people are logging on to e-commerce platforms like Amazon, Paytm Mall and Snapdeal to place orders for non-essential items, but lack of adequate manpower amid the lockdown could delay deliveries.

Kishore Biyani is planning to sell a massive stake to Amazon in an attempt to keep its crown jewel afloat.

The smartphone is expected to cost between ₹15,000 - ₹20,000, which will be the company’s first smartphone to come pre-installed with latest AppGallery, sources reveal

Pareek comes with over two decades of experience with Maruti Suzuki where his last role was as COO, wherein he was heading Marketing & Sales vertical.

Traces of lead pinpoint economic activity, but doubts about contamination have been raised

Brands like Juul deliver a form of nicotine that is less harsh to inhale than free-base nicotine

Traces of lead pinpoint economic activity, but doubts about contamination have been raised

San Jose State’s Claire Komives is testing an antivenom inspired by opossum biochemistry against various snake species to prevent deaths in the developing world

Researchers experiment with area-selective atomic layer deposition to precisely place layers of conducting and insulating materials within circuits

Chemists explore ways to convert plastics into valuable products and to develop intrinsically recyclable polymers

Simple pieces of equipment decrease the danger of moving small volumes of chemicals prone to igniting

Data from air pollution monitors don’t jibe with satellite measurements

Simple pieces of equipment decrease the danger of moving small volumes of chemicals prone to igniting

Chronic morphine treatment in mice restored a narcolepsy-related deficit in the brain, decreasing symptoms 

OnePlus on Friday announced that its wireless earphones, the Bullets Wireless Z will be available for purchase starting 10 May 2020. OnePlus had launc

It was a hectic week for investors with a flurry of deals and developments. Catch up on the news you have missed with this curated reading list of BL’s top stories.

Rotch Library - NA1583.A23 2019

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