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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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Modi urged to make reality match 'Make in India' hype

Even as the Make in India hype scales new heights, some bosses questioned Modi's delivery on promises to make it easier to do business




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Modi's $222-billion Make in India haul masks challenges to come

Right now, the campaign launched in 2014 is best known for its logo - a lion made of cogs - that has shown up on billboards from Hanover to San Francisco




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Make in India, finance in UK: Harriett Baldwin

Interview with UK Economic Secretary to the Treasury




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CIDCO inks MoUs worth Rs 30,000 crore during Make in India Week

CIDCO also inked an MoU with Transparency International India to combat corruption and for effective governance




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Make in India: 1,500 workers and a week to clear the junk

They'll be dismantling 27 pavilions spread over 2,30,000 sq mt of land owned by MMRDA




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Make In India Week: Odisha bags Rs 70,959 cr investment commitments

Around Rs 30,000 crore investments are from the mineral sector while the rest are from areas like food processing, electronics, textiles and renewable energy




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Make in India only a first step, say CEOs

Laud the central government for pro-active steps




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Maha forms panel to track MoUs signed at Make in India week

Event through Feb 13-18 at BKC in Mumbai brought in 2,594 MoUs entailing Rs 7.94 lakh cr investments




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Make in India nudges RPG Group to invest at home

Currently, the $2.9 billion RPG Group earns 42 per cent of its revenue from overseas




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India-Australia semi most watched match in ICC WC 2015

A record 309 mn Indians tuned in to watch India's semi-final clash with Australia




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Indian Ports Working At 70-80% Capacity

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Government Of India Announces Sale Of Three Dated Securities For Rs 19,000 crore

The government of India (GoI) has announced the sale (re-issue) of three dated securities for Rs 19000 crore. These include 6.18% GS 2024 9,000, 7.57% GS 2033 4,000 and 7.16% GS 2050 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be price based (for all securities), using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.




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RBI Announces Rs 50,000 Crore Special Liquidity Facility for Mutual Funds

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability. With a view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of Rs 50,000 crore.




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RBI Announces Rs 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF)

Reserve Bank will review the timeline and amount, depending upon market conditions




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Firms Facing Hurdles In Movement Of Workers And Raw Materials In Commencing Operations: CII survey

The CII survey indicates that permits for enterprises, passes for workers and supply chain movement are the key hurdles for industry in exit from lockdown. For facilitating restart of economic activities, CII has suggested that in non-containment zones, businesses should be allowed to function without requirement of permits and only through intimation to local authorities. While state governments have mostly clearly communicated restart guidelines to businesses, firms are facing hurdles in movement of workers and raw materials in commencing operations. These are the findings of a nation-wide survey conducted by the Confederation of Indian Industry (CII).




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India signs $1.5 billion loan with ADB to support India's COVID-19 immediate response

The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups. Earlier, the ADB's Board of Directors approved the loan to provide budget support to the government to counter and mitigate the adverse health and socio-economic impact of the pandemic.




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Post-Covid era will see perceptible change in global supply-chains and India should capture significant share in the world trade: Piyush Goyal

Minister of Commerce and Industry & Railways Shri Piyush Goyal held discussions with the Export Promotion Councils(EPCs) of the country. He called upon the Exporters to identify their strengths, potentials and competitive advantages in specific sectors, and focus on harnessing them in the world markets. Goyal said that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in the world trade. He assured them that the Government will be a pro-active supporter and facilitator in their efforts, and the Indian Missions abroad can play an important role in that. The Minister said that Incentives can be given, but they have to be justified, reasonable, and WTO-compliant.




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India's Gold Demand Tanks 36% In March Quarter

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Reserve Bank Extends Regulatory Benefits Under Special Liquidity Facility For Mutual Funds

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India Manufacturing PMI Plunges Sharply Into Contraction Zone

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Government of India announces the sale of three dated securities for Rs 19,000 crore

The government of India (GoI) has announced the sale (issue /re-issue) of three dated securities for Rs 19000 crore. These include 5.09% GS 2022 3,000 May 08, 2020, New GS 2030 (maturing on May 11, 2030) 10,000 and 7.19% GS 2060 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be Yield based for New GS 2030 and price based for remaining securities using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.




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India's Services Sector Witnesses Largest Month On Month Contraction

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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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McDonald's India adds new McSpicy Fried Chicken on its menu

Speaking about this new fried chicken on the menu, Seema Arora Nambiar, Sr. Vice President, Menu, Marketing and People Resources, McDonald's India (West and South) said All our products are designed keeping in mind what our consumers want and like. McSpicy Fried Chicken has been specifically crafted as per the taste preference of our consumers. This product is carefully marinated with ghost chili pepper and is fried to perfection to ensure it is spicy to the last bite - just the way consumers love it.




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BASF India receives demand notice from Commercial Tax Department, Karnataka

The company has now received demand notice for the further period i.e. 2013-14 from the Commercial Tax Department, Karnataka aggregating to Rs. 85.19 crores (including interest & penalty) by treating the stock transfers of its Mangalore Plant as interstate sales to dealers.




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Reliance Power reports standalone net loss of Rs 264.94 crore in the March 2020 quarter

Sales decline 2.72% to Rs 6.09 crore




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Reliance Home Finance reports standalone net loss of Rs 238.37 crore in the March 2020 quarter

Sales decline 53.40% to Rs 276.85 crore




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Reliance Power reports consolidated net loss of Rs 4206.38 crore in the March 2020 quarter

Sales rise 13.39% to Rs 1798.05 crore




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Reliance Capital reports consolidated net loss of Rs 2124.00 crore in the March 2020 quarter

Sales decline 33.91% to Rs 3580.00 crore




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Reliance Infrastructure reports consolidated net loss of Rs 153.84 crore in the March 2020 quarter

Sales decline 9.01% to Rs 3625.86 crore




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Tamil Nadu Assembly polls: AIADMK leads in 5 seats, DMK in 2

AIADMK was leading in Mayiladuthurai, Poompuhar, Sankari, Udhagamandalam and Athur, the EC said




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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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AIADMK leads in 37 seats; DMK 19

AIADMK supremo J Jayalalithaa was leading by over 5,000 votes in RK Nagar in the city against her nearest rival Shimla Muthuchozhan of DMK




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BJP storms Assam; TMC, AIADMK set to retain power; LDF in Kerala

As per trends, J Jayalalithaa-led AIADMK appears to be winning Tamil Nadu for a straight second term, bucking the tradition since 1989 when a ruling party has not returned to power




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AIADMK ahead in 134 seats, DMK, allies in 83

Jayalalithaa leading by over 16,000 votes in Dr RK Nagar constituency, ahead of her DMK rival Shimla Muthchozhan




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India to merge rail, general budgets; end non-plan, plan distinction

Officials said a better indicator of productive and general expenditure will be replacing the plan and non-plan distiction that has lost relevance post Planning Commission abolition




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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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Gillette India skids after Q3 PAT tumbles 40% YoY

Gillette India fell 1.13% to Rs 4,934.50 after net profit slumped 40.31% to Rs 52.38 crore on a 12.66% drop in net sales to Rs 406.57 crore in Q3 March 2020 over Q3 March 2019.




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NLC India slips after fire accident at Neyvali plant

NLC India fell 0.46% to Rs 43.70 after the company said eight workers were injured in a fire accident at the TS II power plant in Neyveli, Tamil Nadu.




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Indices trim gains; India's 10-year bond yield ends below 6%

In the broader market, the S&P BSE Mid-Cap index was up 0.22% while the S&P BSE Small-Cap index down 0.1%.




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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: California Borrows Federal Cash, United Plans Cuts

California is the first state to borrow federal funds to cover rising jobless claims, United Airlines expects to cut its management ranks by 30%, and the FDA sets standards for antibody tests in a crackdown on fraud. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Rich Pedroncelli/Associated Press




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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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Adani Enterprises incorporates wholly owned subsdiairy - Nanasa Pidgaon Road

On 08 May 2020




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BlackRock Inc trims stake in Just Dial

US-based BlackRock Inc. sold 324,863 equity shares, or 0.50% equity, of Just Dial on 7 May 2020.




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Adani Enterprises incorporates subsidiary to manage road project

Adani Enterprises on Friday (8 May) said it has incorporated a wholly-owned subsidiary company, "Nanasa Pidgaon Road" on 8 May 2020.




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Indian faces trial for spying on Sikhs and Kashmiris in Germany

An Indian national will stand trial in Germany accused of spying on Sikh and Kashmiri communities for New Delhi's secret service, a court said Friday. Federal prosecutors allege the suspect, identified as 54-year-old Balvir, has been working with the Indian foreign intelligence agency Research & Analysis Wing since 2015. "He allegedly provided information about figures in the Sikh opposition scene and the Kashmiri movement and their relatives in Germany, and passed this on to his handlers who were working at the Indian consulate general in Frankfurt," the higher regional court in the city said in a statement. The trial will open on August 25. The same Frankfurt court convicted an Indian couple for spying on the same communities last December.




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Indian-American grocery store owner in Silicon Valley charged with price gouging

The owner of a popular Indian-American grocery story has been charged with price gouging during the coronavirus pandemic, when the entire state is under stay-at-home orders. Following consumer complaints, an investigation office revealed that Rajvinder Singh, owner of the popular Apna Bazaar in California's Pleasanton, had allegedly increased the prices of grocery items following the emergency declaration by the governor on March 4. Based on evidence provided by customer receipts, the investigation confirmed that the pricing of several food items exceeded the 10-per cent increase allowed during a state of emergency, with some prices being as much as 200 per cent more than what was previously charged, according to a joint statement issued by California Attorney General Xavier Becerra and Alameda County District Attorney Nancy O'Malley. The food items listed in the complaint include yellow onions, ginger, green beans, instant noodles, tea, chili peppers, pomegranates and red yams. "We ..




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NY State cites COVID-19 in presidential primary appeal

An appeals court should let a June 23 primary election in New York state proceed without voters and poll workers being forced to risk exposure to the coronavirus to vote for a Democratic candidate for president when the race is essentially over, lawyers for the state said Friday. The written arguments were filed by Attorney General Letitia James and Senior Assistant Solicitor Judith N. Vale after a judge ordered the state to include the presidential race on the ballot even though former Vice President Joe Biden is essentially running unopposed. The 2nd U.S. Circuit Court of Appeals in Manhattan has scheduled oral arguments for next Friday. On Tuesday, U.S. District Judge Analisa Torres said it was unconstitutional to eliminate the Democratic presidential primary after delegates for withdrawn candidates Bernie Sanders and Andrew Yang complained that doing so weakens their standing at the Democratic Convention. She noted that a primary for contested races across New York state was ...