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

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

The company is looking to dilute equity stake to strategic partners

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

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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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.

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.

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.

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.

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Sales rise 69.34% to Rs 35.41 crore

Sales decline 12.66% to Rs 406.57 crore

Sales decline 7.68% to Rs 1073.60 crore

Vista is a leading global investment firm focused on empowering and growing enterprise software, data and technology enabled companies that are reinventing industries and catalyzing change. Vista has more than $57 billion in cumulative capital commitments and its global network of companies collectively represent the 5th largest enterprise software company in the world.

Sales decline 6.19% to Rs 656.05 crore

Sales rise 27.54% to Rs 13.20 crore

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

Sales decline 10.50% to Rs 237.94 crore

Sales decline 33.91% to Rs 3580.00 crore

Sales decline 9.01% to Rs 3625.86 crore

Most exit polls see loss for Jaya; Assam for BJP; left turn for Kerala

The counting of votes will decide the fate of approximately 8,300 candidates

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

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

A look at key faces who helped their parties cross the finish line

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

AIADMK chief becomes Tamil Nadu CM for the sixth time

From the next financial year, the railways will not have to pay any dividend, which will save the carrier approximately Rs 10,000 cr

The ministry plans to achieve this target by doubling the current pace of electrification

ICICI Securities jumped 3% to Rs 388.30 after consolidated net profit rose 28.3% to Rs 155.88 crore on a 12.5% rise in total income to Rs 481.94 crore in Q4 March 2020 over Q4 March 2019.

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%.

Adani Gas rose 3.55% to Rs 107.85 after standalone net profit surged 61% to Rs 122 crore on 1% fall in revenue from operations to Rs 490 crore in Q4 March 2020 over Q4 March 2019.

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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)

Sales decline 2.83% to Rs 616.61 crore

RBI issues revised Calendar for issuance of Marketable Dated Securities for the remaining period of H1 (11 May - 30 September 2020)

Swaraj Engines' net profit fell 4.9% to Rs 15.84 crore on a 8.5% decline in net sales to Rs 175.13 crore in Q4 March 2020 over Q4 March 2019.

ICICI Bank on Saturday (9 May 2020) said its net profit rose 26.04% to Rs 1,221.36 crore on 12.09% rise in total income to Rs 23,443.66 crore in Q4 March 2020 over Q4 March 2019.

The number of people in Italy who've died with COVID-19 infections has topped 30,000. The Health Ministry registered 243 deaths on Friday, bringing the total of those who died in the country to 30,201. Italy was the first country in Europe with a major outbreak of the coronavirus. Authorities say many more likely died with the infection at home or in nursing homes without being diagnosed. With 1,327 more cases registered in the 24-hour period ending Friday evening, Italy now tallies 217,185 confirmed coronavirus infections. Some 11,000 more people have recovered from the illness than are currently positive for the infection. Lombardy in the north continues to be the hardest-hit region, accounting for nearly one-half of the latest cases registered on Friday. Health and government authorities are concerned that partial easing earlier in the week of some lockdown measures, such as re-opening of public parks and gardens, could see an uptick in contagion if people ignore safety-distance ...

Arguing that a one-time payment of USD 1,200 to most of the Americans during the coronavirus outbreak is not enough, three top Democratic senators introduced a legislation on Friday to provide a recurring USD-2,000 monthly check to those struggling to make ends meet during the COVID-19 pandemic. The Monthly Economic Crisis Support Act, introduced by former presidential candidate Senator Bernie Sanders, Indian-origin Senator Kamala Harris and Senator Ed Markey, proposes to provide a monthly USD-2,000 check to every individual with an income below USD 120,000 throughout and for three months following the coronavirus pandemic. According to the proposal, married couples who file jointly would receive USD 4,000; USD 2,000 per child up to three children and it would be implemented retroactively from March. The coronavirus pandemic has caused millions to struggle to pay the bills or feed their families, Harris said. The previous CARES Act, she argued, gave Americans an important one-time ...

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 ..

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

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 ...

South Korea has reported 18 fresh cases of the new coronavirus in the past 24 hours, including 12 in the capital of Seoul, as health workers scramble to trace contacts after detecting a slew of transmissions linked to clubgoers. Figures released by South Korea's Centers for Disease Control and Prevention on Saturday brought national totals to 10,840 cases and 256 deaths. While the KCDC didn't immediately release specific details, most of the new cases were likely linked to the nightclubs in Seoul's Itaewon leisure district, which was brought to a sudden standstill Friday night following reports of the transmissions. Officials on Friday said they detected at least 15 infections linked to a 29-year-old man who visited three Itaewon clubs on Saturday before testing positive on Wednesday. The infections raised concern about a broader spread of the virus in the Seoul metropolitan area, where about half of South Korea's 51 million people live. South Korean Prime Minister Chung Sye-kyun in a

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 ...

Several American lawmakers have introduced a legislation in Congress to offer the 40,000 unused green cards to thousands of foreign nurses and doctors to meet the urgent needs of the overstretched healthcare sector in the US, the worst hit nation by the coronavirus pandemic. The US has nearly 1,284,000 cases of confirmed COVID-19 cases and over 77,000 people have died due to the highly contagious disease. The Healthcare Workforce Resilience Act would allow for recapturing green cards that were approved by Congress but unused in past years, allowing thousands of additional medical professionals to serve permanently in the United States. The legislation would send green cards to 25,000 nurses and 15,000 doctors during the COVID-19 pandemic and ensure that states like Iowa have the professionals they need to serve patients for years to come, a media release said. The move is likely to benefit a large number of Indian nurses and doctors in the US, who are either on H-1B or J2 visas. The ..

/ -- In 2019, global PV inverter shipments increased by 18% on a YOY basis with total shipments reaching 126,735 MW according to the report released by Wood Mackenzie. Growatt shipped a total capacity of over 5GW for the year and ranked No.8 among the inverter suppliers. The company has been pursuing a global strategy of localization in recent years and has gained strong growth momentum across the world. "Over the years, we've established 13 offices and warehouses worldwide, and we've also built strong and experienced local teams in key markets," said Lisa Zhang, Growatt Marketing Director. "Besides our extensive service network, we've developed the X generation inverters, which feature high efficiency, safety, intelligence as well as elegant design. These advanced PV solutions have brought us additional advantages over other suppliers in the market." Growatt has been present in Europe for 10 years and its products are well received in the region for its high efficiency, superior ...

In a worrying development, a five-year old boy has died in New York from a rare inflammatory illness linked to the coronavirus, while the death of another seven-year-old boy is being investigated for possible links to the mysterious pediatric syndrome. The New York State Department of Health is investigating several cases of the severe illness in children and child deaths that may be linked to the serious inflammatory disease called "Pediatric Multi-System Inflammatory Syndrome Associated with COVID-19." There have been 73 reported cases in New York where children are experiencing symptoms similar to Kawasaki disease and toxic shock-like syndrome possibly due to COVID-19. On Thursday, a 5-year-old boy died in the New York City from these COVID-related complications, Cuomo said. Officials in Westchester County in upstate New York say that a 7-year-old boy died late last week at Maria Fareri Children's Hospital in Valhalla. Michael Gewitz, Physician-in-Chief of Maria Fareri Children's ..

The U.S. government has awarded a $275 million border wall contract for construction that would begin in South Texas in January, at the start of President Donald Trump's second term if he is re-elected. Caddell Construction Company, based in Montgomery, Alabama, won the contract to build 14 miles (22.5 kilometers) of barriers in and around Laredo, Texas, a city of 260,000 people on the Rio Grande, the river that runs between Texas and Mexico. U.S. Customs and Border Protection announced the contract award Friday night using funds it had previously received from Congress rather than military funding re-directed to the wall. The CBP said construction would begin in January 2021 pending availability of real estate. There is little existing wall separating Laredo and its sister city of Nuevo Laredo, Mexico. Much of the planned construction would cut through private land in neighborhoods close to the edge of the Rio Grande, requiring the government to take property through its power of ...