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Lockdown Impact: India's March Infrastructure Output Contracts 6.5% Compared to Last Year

The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed.




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RIL Q4 Results: Reliance Announces India's Biggest Rights Issue of Rs 53,125 Crore, Jio Profit Zooms 177%

Revenue from operations for the March quarter stood at Rs 136,000 crore, against Rs 152,939 crore in December quarter and Rs 138,659 crore in the year-ago period.




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Lockdown Led to Subdued Economic Activity But Saved India From Lot of Agony: SBI chairman

Nationwide lockdown should only be lifted once the situation is fully under control, said State Bank of India Chairman Rajnish Kumar.




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India Set to Cap Stimulus Package at $60 Billion to Protect Credit Rating: Report

On Tuesday, Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis.




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CNBCTV18-CII Poll: What Heads of Top Institutions Said on India's Strategy to Revive Economy After Covid-19

SBI Chairman Rajnish Kumar said he is hopeful of more relaxations by May 31 and expects economic activity to return by the festive season.




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Foreign Investors Keen To De-risk China Businesses, India Should Seize Opportunity: BJP Leader

Asked about the reluctance of lenders to extend advances to small and medium enterprises, Panda said banks are "afraid" of increasing their lending to businesses despite several policy rate cuts by the Reserve Bank of India.




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Bad Debt of Indian Banks Could Double From Rs 9.35 Lakh Crore Due to Coronavirus Crisis: Report

Indian banks are already grappling with 9.35 lakh crore rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.




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India Doubles Down on Solar, Gas at Coal's Expense as Electricity Use Falls

India's solar and gas-fired electricity generation rose in April even as overall power demand fell at the steepest monthly rate in at least thirteen years, a Reuters analysis of provisional government data showed.




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Saudi Arabia Says Investment Plans in India 'On Track' Even as Aramco's Net Profit Falls 21%

On being asked about the effect of the decline in Aramco’s profits on its plans to invest in India, Saudi Arabia's Ambassador to India reiterated that investment plans were on track.




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India's Factory Activity Fell to Record Low in April as Lockdown Hit Demand, Disrupted Supply Chains

With new orders and output shrinking at the steepest pace since at least early 2005 factories cut jobs at the fastest rate in the survey's history, signaling a high chance of recession.




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Indian State Retailers' April Petrol Sales Down 61%, Diesel by 57%: Sources

The state retailers' petrol and diesel sales in first half of April declined by 61% and 64%, respectively, as a nation-wide lockdown to curb the spread of the coronavirus brought economic activity to a standstill.




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Abbott's Covid-19 Lab-based Antibody Tests to be Available in India by End of May

Antibody testing is an important step to tell if someone has been previously infected. It will provide more understanding of the virus.




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India Firms up Plan to Lure Companies Who May Leave China Post-Covid: Report

The PM’s Office, Niti Aayog and the Department for Promotion of Industry and Internal Trade are firming up a plan to offer incentives in order to attract companies looking to shift manufacturing units out of China.




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Tata Steel Leaves Indian Steel Association; TV Narendran Steps Down as President

An ISA official also confirmed Narendran's resignation but said the reason for his sudden resignation is not known yet.




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US Financial Body Gives $15 Mn Loan to Indian Start-up to Expand Access to Quality Education

An American financial organisation has agreed to sanction USD 15 million loan to an Indian education start-up to expand the access to quality education by providing critical financing to schools that serve low-income students in India.




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More Fiscal Stimulus Measures Necessary in India to Fight Covid-19: S&P

In March, the government announced a Rs 1.7 lakh crore relief package focusing on providing food security to the poor and providing money in their hands to fight COVID-19.




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India's Services Activity Collapses as Coronavirus Paralyses Global Economy: PMI

The grim result for the industry, the engine of economic growth and jobs, underlined the pandemic's sweeping impact across India as authorities extended a nationwide lockdown.




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Asia Gasoil Margins Drop to Record Low Amid Signs of Indian Export Surge

India's April gasoil exports closed at a four-month high of 2.73 million tonnes, compared with 2.53 million tonnes in March, according to Refinitiv oil research assessments.




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Gilead Sciences Scouting For Partners in India, Pakistan for Remdesivir

Remdesivir is an investigational antiviral drug that may be found effective against the virus that causes Covid-19




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India to Send Investment Pitches to More Than 1,000 American Companies to Relocate From China: Report

India is prioritizing medical equipment suppliers, food processing units, textiles, leather and auto part makers among more than 550 products covered in the discussions.




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Coronavirus Lockdown: India's Coal Import Declines by 29 Percent in April

Coal Minister Pralhad Joshi had earlier written to state chief ministers asking them not to import dry-fuel and take the domestic supply of fuel from Coal India Ltd.




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India Exports 33.5 Lakh Tonnes Sugar so Far in 2019-20 Marketing Year

With five months still left for 2019-20 marketing year to end, the association feels the mills have the potential to fulfil their exports commitments.




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India's Rating Outlook Reflects Rising Risk of Slower GDP Growth, Low Policy Effectiveness: Moody's

Moody's Investors Service on Friday said the negative outlook on India's rating reflects increasing risks that GDP growth will remain significantly lower than in the past and partly hints at weaker policy effectiveness to address economic and institutional issues.




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India May See 0% GDP Growth This Fiscal Year, Says Moody's

The ratings agency said it expected India to see no growth in financial year 2021 and bounce back to a 6.6% GDP growth in FY22.




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Indian Economy May Contract 0.4% in FY21 on Coronavirus Pandemic, Say Two Foreign Brokerages

Japanese brokerage Nomura warned of a likely downgrade of the sovereign by global ratings agencies while American brokerage Goldman Sachs (GS) said RBI will cut rates by another 1 percentage point to arrest the economic slide.




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India's Fuel Demand Dips Over 45% in April Amid Covid-19 Lockdown: Govt Report

Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes - its lowest since 2007, government data showed on Saturday.




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Stage Set for Online Nations Cup Chess Tournament; Viswanathan Anand to Lead 5th Seeded India

India will be represented by Viswanathan Anand, Vidit Gujrathi, P. Hari Krishna and Koneru Humpy at the online Nations Cup.




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India Loses to Rest of World after Draw With USA in Online Nations Cup

India lost to Rest of the World in the second round of the FIDE-Chess.com Online Nations Cup after against USA.




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India Has Learnt to Accept Female Athletes But Still a Long Way to Go: Sania Mirza

Sania Mirza said she is proud apart from cricket, the biggest sports stars in India are women athletes




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India Suffers Two Defeats on Second Day of Online Nations Cup Chess

India, on the second day of the FIDE-Chess.com Online Nations Cup, lost its third and fourth round matches to Europe and China by similar 1.5-2.5 margins




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WWE Money in the Bank 2020 Date and Time: When and Where to Watch in India, Match Card

WWE Money in the Bank 2020 will see the corporate ladder match at the rooftop of the Titan Towers, WWE Headquarters.




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'Indian hero': Moldovan Tennis Player Dmitrii Baskov Feeds Poor in Ahmedabad Amid Covid-19 Lockdown

Dmitrii Baskov had come to India in January to visit a tennis academy and got stuck due to Covid-19 lockdown but is helping feel Ahmedabad's poor.




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India Register 1st Win in Online Nations Cup, Beat Rest of World

India defeated Rest of the World 2.5-1.5 in the seventh round, their first win in the Online Nations Cup.




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Safety Protocol And Shooting Guidelines Yet To Be Formalised: Producers Guild Of India

A Producers Guild Of India Spokesperson informed that the final guidelines for the resumption of shooting activities were still under process, after a draft document started circulating in the media and entertainment industry.




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Vijay as Professor, Shah Rukh Khan as Berlin: 'Money Heist' Director Picks His Cast for Indian Version

During an interview, 'Money Heist' director Alex Rodrigo picked his cast from a lot of Indian actors. And we have to say, he makes interesting choices.




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Priyanka Chopra Jonas, Sunny Leone, Katrina Kaif Are Most Searched Indian Stars Globally

The three fermale celebrities were respectively searched an average 39 lakh, 31 lakh, and 19 lakh times between January and April 2020, according to an SEMrush study after analysing global data.




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Most Watched Indian TV Shows: Uttar Ramayan Maintains Its Position In TRP List

As per the details divulged by BARC, it can be concluded that this week it was multiple mythological shows which kept the audiences glued to the TV sets.




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Money Heist Director Picks Cast for Indian Version, Rashami Desai Gains 4mn Followers on TikTok in a Day

Money Heist director Alex Rodrigo picks picked his choice of cast for the Indian version of show, Rashami Desai joins TikTok. More details in today's entertainment recap.




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Irrfan Khan Represents Contemporary Indian Actors To The World, Says Neeraj Kabi

Actor-Director Neeraj Kabi says Irrfan Khan's death felt like a personal loss. The two worked together in the 2015 film Talvar.




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Coronavirus Impact: Amazon India Extends Support to SMB Logistic Partners With Special Fund

This Partner Support Fund for SMBs in logistics will be available to Delivery Service Partners (DSP) and select Transportation partners in India.




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Indian Origin Scientist On Team Uses AI to Classify Covid-19 Genome Signature in Minutes

This classification tool has already been used to analyse more than 5,000 unique viral genomic sequences, including the 29 novel coronavirus sequences.




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You Can Finally Pre-Order The OnePlus 8, OnePlus 8 Pro in India: Here Are The Details

Amazon India has begun pre-orders for the new OnePlus 8 series which means that consumers will soon be able to purchase the new smartphone in the coming days.




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Indian Digital Tax May be Delayed as Covid-19 Impacts Google, Facebook, Others

India's new digital tax has caught the industry off guard as it was not part of the main proposals which the finance ministry had presented in parliament in April.




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Amazon Pay Later Launched in India: Where to Use, Max Limit, Auto Debit Rule Explained

Short credit services such as LazyPay or Simpl do not mandate auto repayment to their users, unlike Amazon — that too via a third party company.




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HCARD, a Robot Built by Indian Scientists, to Offer Contactless Treatment in Hospitals

Alongside the HCARD robot, CSIR's labs have been further contributing with contactless hospital waste management systems, sanitisation services and more.




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New Smartphone Battery Tech by Indian Scientists Can Keep Your Phone Charged for Days

Scientists may have overcome the rapid battery degradation issue in Lithium-sulfur ion batteries, hence finally making them commercially viable.




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Growth in India's Software Market to See 4.1% Drop as Covid-19 Impacts IT Spending

The decline in growth rate is likely because enterprises relook at their buying decisions owing to an increased focus on profitability.




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Jio & Facebook Getting JioMart on WhatsApp Pushes a Big Digital Shift For 1.3 Billion Indians

Reliance Jio says this investment would enable new opportunities for businesses of all sizes. There is special focus on small businesses across India, and there is expectation that the new digital ecosystems will reach out to as many as 1.3 billion Indians, including via WhatsApp.




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Industry Dialogue: COVID Disruption is Proof That We Need to be Serious About 5G Networks in India

5G will help in easing out on the network congestion thereby improving user experience while streaming videos across platforms. It will also provide a smart data pipe for content; monetize broadcast spectrum and provide live streaming on-the-go sans data caps.




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MeitY Extends Registration Deadline for Indian Video Conferencing Apps to May 7

The MeitY deadline extension only applies to registration of startups, while the idea submission deadline remains the same.