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US Stocks tumble on profit booking

U.S. officials are beginning to explore proposals for punishing or demanding financial compensation from China for its handling of the coronavirus pandemic. The move could splinter already strained relations between the two superpowers at a perilous moment for the global economy. Senior officials across multiple government agencies are expected to meet Thursday to begin mapping out a strategy for seeking retaliatory measures against China, as per reports. Officials in American intelligence agencies are also involved in the effort. President Trump has fumed to aides and others in recent days about China, blaming the country for withholding information about the virus, and has discussed enacting dramatic measures that would probably lead to retaliation by Beijing.




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Prince Pipes and Fittings IPO subscribed 28%

Receives bids for 55.57 lakh shares




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Prince Pipes and Fittings IPO subscribed 74%

Receives bids for 1.45 crore shares




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Prince Pipes and Fittings IPO subscribed 2.21 times

Receives bids for 4.37 crore shares




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Antony Waste Handling Cell IPO extends IPO, revises price band

Gets bids for 24.08 lakh shares by 17:00 IST on 9 March 2020




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Joe DiMaggio’s Streak (Predictably) Survives

Jackie Bradley Jr.'s bid to supplant Joe DiMaggio atop the Major League Baseball hit-streak list ended at 29 games. That's not surprising as many observers consider Joltin' Joe's streak the most difficult record to break in sports.




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Direct plans gaining prominence

The share of retail and high net worth individuals in direct plans could improve further given the cost saving




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Should Homeowners Ban Drones Over Their Property?

The increased use of personal and commercial drones is raising questions about where they should be permitted to fly, and who should make that decision. The FAA estimates drone sales will reach 7 million by 2020. Photo: John Weber for The Wall Street Journal




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Women Hit Obstacles on the Way to the First Promotion

Men outnumber women nearly 2 to 1 on the first move up the management ladder. WSJ’s Vanessa Fuhrmans explains how this can hurt women right out of the gate.




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We are increasing our footprint in India: Pratyush Kumar

Interview with President, Boeing India




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Single-table system to clear investment proposals faster: Shivraj Singh Chouhan

Interview with Chief Minister, Madhya Pradesh




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Rs 15-lakh cr investment promises at Make in India

Maharashtra, which was the host state, alone received investment proposals of Rs 7.94 lakh cr and 3,294 MoUs




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Procurement Of Wheat Progressing At Very Fast Pace In All Major States

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Domestic Mineral Production Rises 10% Over Year In February 2020

The index of mineral production of mining and quarrying sector for the month of February, 2020 (Base: 2011-12=100) at 123.7, was 10.0% higher as compared to the level in the month of February, 2019. The cumulative growth for the period April- February, 2019-20 over the corresponding period of previous year has been (+) 1.9 percent. Mining & Mineral Statistics Division of Indian Bureau of Mines functions as the nodal agency for statistics on mineral sector and releases this information.




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It Is Time We Think Of An Efficient Exit Option From The Lock Down To Resume And Revive Economic Activities: Suresh Prabhu

While reopening economic activities, we need to keep in mind that the industry cannot be opened in isolation, the whole ecosystem along with the related supply chains needs to be revived and restarted, said Suresh Prabhu, Hon'ble Member of Parliament. We should follow the Chinese model of revival through specific geographical openings for economic activities in areas which are marked green and keeping the hotspot districts completely locked, till there is full containment in those areas, said Hon'ble Member of Parliament. This is the time India needs to take advantage of the crises and convert it into an opportunity, we set our National goal of getting Foreign Direct Investments to India and each citizen and all arms of the government must work towards this common goal with complete alignment of reforms, said Prabhu. Businesses are the most important part of the economy, as they are significant contributors to economic growth and progress, he said.




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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.




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Edible Oil Imports Plunge 34% On Year In April

The Solvent Extractors' Association (SEA), noted in a latest update that based on the available data, it has compiled provisional data for Import of Edible Oils for April 2020. The imports in April 2020 are reported at 790,377 tons compared to 941,219 in March 20 and 1,198,763 tons in April 2019, down by 34%, on YoY basis. The drop in April is mainly due to logistics issues at destinations as well as at discharge ports. The overall Import of Edible Oils during Nov-2019 to April-2020 is reported at 6,182,184 tons, compared to 7,203,830 tons during the same period of previous year, i.e. down by 14 %.




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

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Global food commodity prices drop further in April: FAO

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




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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.




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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)




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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.




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

Sales decline 12.66% to Rs 406.57 crore




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

Sales decline 7.68% to Rs 1073.60 crore




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Zydus Cadila launches affordable prostate cancer treatment drug 'Obnyx'

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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




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

Sales rise 27.54% to Rs 13.20 crore




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

Sales rise 6.60% to Rs 209.26 crore




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

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

Sales decline 0.77% to Rs 462.25 crore




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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




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

Sales decline 10.50% to Rs 237.94 crore




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

Sales decline 2.13% to Rs 3415.14 crore




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

Sales decline 8.53% to Rs 175.13 crore




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Tamil Nadu assembly elections: AIADMK takes lead, could disprove exit polls

Neck to neck fight between two dravidian parties




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As counting starts for Tamil Nadu Assembly polls, Sun TV stock price down by 8.08%

Sun TV is promoted by DMK chief M Karunanidhi's grand-nephew Kalanithi Maran




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Sun TV sets, Raj TV rises on surprise TN poll outcome

Liquor shares end mixed despite DMK's defeat




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Jayalalithaa deprives Karunanidhi of last hurrah

The J Jayalalithaa-led AIADMK has retained power by winning 134 seats in the 234 Assembly seats




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Assembly elections 2016 results: BJP spreads wings, Congress shrinks

BJP wins in Assam, opens account in Kerala; Congress loses two states; Left sweeps Kerala; Mamata decimates Opposition in West Bengal




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Jayalalithaa keeps five poll promises on Day 1

AIADMK chief becomes Tamil Nadu CM for the sixth time




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Budget gave priority to railway infrastructure, says Suresh Prabhu

Prabhu spoke about priority being given to safety and need for more funds for railways to move ahead




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Pre-budget media quarantine in FinMin to start from Jan 4

Finance Minister Arun Jaitley in his second budget is likely to focus on steps to accelerate economic growth




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Health care service providers want tax sops in Budget

Wants patient treatment, which is currently exempt from service tax, to continue to enjoy this sop under GST for 10 years




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Procter & Gamble Hygiene inches higher after muted Q3 performance

Procter & Gamble Hygiene & Health Care rose 0.27% to Rs 10190.15 after net profit rose 1.1% to Rs 91.10 crore on 6.2% decline in net sales to Rs 656.05 crore in Q3 March 2020 over Q3 March 2019.




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SBI Card Q4 PAT tumbles 66% on Covid-19 provisions

SBI Card's net profit jumped 43.9% to Rs 1244.82 crore on a 33.8% rise in total income to Rs 9752.29 crore in the year ended March 2020 (FY20) over the year ended March 2019 (FY19)




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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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Adani Transmission consolidated net profit declines 35.72% in the March 2020 quarter

Sales rise 25.20% to Rs 3186.96 crore




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ICICI Bank consolidated net profit rises 6.92% in the March 2020 quarter

Total Operating Income rise 11.47% to Rs 21740.68 crore




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Avantel standalone net profit rises 27.55% in the March 2020 quarter

Sales rise 49.79% to Rs 21.69 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