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Counting of votes begins in Puducherry

A total of 344 candidates, including 96 independents, are in the fray in the polls held on May 16




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US agency allows non-immigrants to remain beyond authorised period of stay

A US-based immigration agency has allowed non-immigrants to "unexpectedly remain" beyond their authorised period of stay due to COVID-19 outbreak.The United States Citizenship and Immigration Services (USCIS), an agency of the Department of Homeland Security (DHS), which administers the country's naturalisation and immigration system, said that amid such conditions, most non-immigrants can timely file an application for the extension of their stay or change in status.The agency stated that application forms and petitions are available on its online website."Where applicable, employment authorisation with the same employer, subject to the same terms and conditions of the prior approval, is automatically extended for up to 240 days after I-94 expiration when an extension of stay request is filed on time," the agency said.The USCIS has granted the flexibility to non-immigrant workers for filing late applications as the spread of the virus continues to keep daily lives at a standstill.The




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North Korea fires barrage of cruise missiles on eve of founder's birthday

North Korea on Tuesday morning fired a salvo of suspected cruise missiles towards the Sea of Japan, also known as the East Sea, according to South Korea's Joint Chiefs of Staff (JSC).The "multiple projectiles" fired from Munchon in eastern Kangwon province were believed to be "surface-to-ship cruise missiles," the JCS said in a statement cited by Al Jazeera.The missiles flew for approximately 150 kilometres (93 miles) before splashing into the waters off the east coast.The launches come on the eve of the birthday of North Korea's founder Kim Il Sung and South Korea's general elections.The JCS said South Korea's military is monitoring possible additional launches by North Korea.In recent weeks, North Korea has carried out a series of short-range missile and other weapons tests amid stalled nuclear talks with the United States.Last month, it fired nine ballistic missiles in four rounds of tests, according to analysts.On Sunday, North Korean state media reported leader Kim Jong Un had ...




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PoK residents getting no benefits under Ehsaas Programme of Pakistan

People in Pakistan occupied Kashmir (PoK) are facing discrimination at the time of COVID-19 outbreak as they are being denied benefits under the Ehsaas Emergency Cash Programme launched by Pakistan Prime Minister Imran Khan.Pakistan government launched the Ehsaas Emergency Cash programme under which Rs. 12,000 grant is to be provided to around 12 million families across the country including those from PoK.But like all other schemes announced by Pakistan in the past, this too has excluded an already discriminated and deprived PoK populace of the benefits, as the residents have received nothing but despair after standing in long queues for hours outside the designated banks.A local woman said, "Our house caught fire and everything got burnt. Even our daughter faced severe injuries. Today we have nothing with us, not even food and we are getting no help. Our daughter got treated in Rawalpindi but now we don't have money to continue with her treatment. We came to know that we will be ...




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Barack Obama endorses Joe Biden for President of United States

Former US President Barack Obama in a video message on Tuesday formally endorsed his former Vice President Joe Biden, who is gunning for the White House in the elections later this year.Obama while endorsing said: "The kind of leadership that's guided by knowledge and experience, honesty and humility, empathy and grace -- which kind of leadership doesn't just belong to our state capitols and mayors' offices. It belongs in the White House. And that's why I'm so proud to endorse Joe Biden for President of the United States."Biden has now become the presumptive nominee for the Democrats after fellow contestant Bernie Sanders withdrew and endorsed him. Biden will go up against the presumptive Republican nominee and incumbent President Donald Trump.Obama further said: "If there's one thing we've learned as a country from moments of great crisis, it's that the spirit of looking out for one another can't be restricted to our homes, or our workplaces, or our neighbourhoods, or our houses of ..




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COVID-19 crisis: Over 117 million children at risk of missing out on measles vaccines

As coronavirus pandemic deepens, over 117 million children in 37 countries are expected to miss out on receiving live-saving measles vaccine, the United Nations said on Tuesday.Measles immunisation campaigns in 24 countries have already been delayed and more will be postponed, the World Health Organization and the UN children's fund UNICEF said."Together, more than 117 million children in 37 countries, many of whom live in regions with ongoing measles outbreaks, could be impacted by the suspension of scheduled immunisation activities," Measles and Rubella Initiative (M & RI) said in a statement.New WHO guidelines endorsed by the Strategic Advisory Group of Experts on Immunisation aim to help countries to sustain immunisation activities during the COVID-19 pandemic."The @MeaslesRubella Initiative supports recommendations to: temporarily pause preventive immunisation campaigns where there's no active outbreak of a vaccine-preventable disease continue routine immunisation services, ..




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Mahindra plant in Michigan creates new 'Arsenal of Health' to combat COVID-19

Michigan [USA], April 15 (ANI): Indian automaker Mahindra is joining the "Arsenal of Health" efforts spearheaded by General Motors Co. and Ford Motor Co. in Michigan to make medical Personal Protection Equipment (PPE) for healthcare workers fighting COVID-19.More than 20 Mahindra employees of the Michigan plant are making medical shields from windshields. This innovative ease-of-use box-shaped design will be used by doctors, nurses, local frontline healthcare workers and first responders."MANA's Michigan employees have taken an all-hands-on-deck approach to the COVID-19 fight," said Rick Haas, President and CEO, Mahindra Automotive North America (MANA)."We have a company full of people who love to design and make things and they are not people who like to stand on the sidelines. We have ideas coming in from across the company and we are looking hard at all of them." Haas added.MANA is working with the state, Michigan's congressional delegation, trade organisations, Oakland County and .




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US returns another USD 300 mn of recovered 1MDB funds to Malaysia

The US Department of Justice on Tuesday (local time) said it has repatriated approximately USD 300 million (RM 1.292 billion) to Malaysia in additional funds misappropriated from 1Malaysia Development Berhad (MDB), the Asian country's investment development fund.The government of former Prime Minister Najib Razak set up the 1MDB fund in 2009 to promote economic development in Malaysia through global partnerships and foreign direct investment.The Justice Department estimated that some USD 4.5 billion was siphoned out of Malaysia by high-level fund officials and their associates between 2009 and 2014 in a scandal that called for Razak's resignation -- including Mahathir Mohamad, one of the former's predecessors.The funds were laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg."We are pleased to make this latest repatriation of an additional USD 300 million in stolen 1MDB funds," Assistant Attorney General




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FIIs sell Rs 7529.37 Cr of local stocks

Foreign Institutional Investors (FIIs) were net sellers of local stocks today




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FIIs sell Rs 7219.21 Cr of local stocks

Foreign Institutional Investors (FIIs) were net sellers of local stocks today




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US Stocks gain on easing of coronavirus lockdowns

A partial reopening of the economy in Alaska, Georgia, South Carolina, Tennessee, Texas and others boosted investor sentiments. New York Gov. Andrew Cuomo said the state will likely begin to reopen the economy in certain areas with certain precautions after May 15. Treasury Secretary Steven Mnuchin said he expected the U.S. economy to bounce back in the months after June, once the lockdowns are dismantled.




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Japan Stocks mixed on profit booking ahead of holidays

Total 17 issues of 33 industry category of Topix index were in positive territory, with Rubber Products, Air Transportation, Services, Electric Appliances, Precision Instruments, Securities & Commodities Futures, and Information & Communication issues being notable gainers, while Iron & Steel, Mining, Chemicals, Nonferrous Metals, and Land Transportation issues were notable losers.




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Australia Market falls on profit booking

Investors continue to struggle against positive news of lifting restrictions and re-opening the economy against what is expected to be the sharpest and most severe downturn since the great depression.




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China Stocks end softer

China's banking regulator has asked commercial banks to halt new sales of a wide range of wealth management products that might lead to unlimited losses for investors, a week after heavy losses were recorded in a crude oil futures trading product sold by the country's fourth-largest lender. Investors worry a broad tightening on such products could hurt bank profits.




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US Stocks surge on signs of progress in coronavirus treatment

Wall Street stocks opened higher amid reaction to developments regarding the use of Gilead Sciences' antiviral drug remdesivir as a potential new treatment for Covid-19 patients. Gilead Sciences said on Wednesday that preliminary results of a coronavirus drug trial showed at least 50% of patients treated with a five-day dosage of remdesivir improved and more than half were discharged from the hospital within two weeks. Later Wednesday, White House health advisor Dr. Anthony Fauci said NIAID's remdesivir drug trial, which enrolled about 800 patients, showed quite good news and that the drug would set a new standard of care for Covid-19 patients.




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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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Australia Market ends softer

Banks stocks were lower. National Australia Bank ended the day 2.3% lower Westpac and ANZ both declined about 1.5% while Commonwealth Bank dropped 0.8%.




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The Challenging Calculus of Figuring Out Who Gets to Vote

The litigants in a recent Supreme Court case suggested using the American Community Survey, an annual sample of 2.5% of U.S. households that asks about citizenship, to estimate the citizen voter-age population.




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The disruptive power of technology

The fund industry may have embraced machines and robots, but managing money still needs the human touch




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Meet the Business Standard Fund Managers of the Year

Global uncertainties and weak corporate earnings are enough to give any fund manager the jitters




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On-Site Child Care: It's Paying Off at Clif Bar

Clif Bar & Co. is among only 5% of U.S. employers that offer a child care center on-site or near its offices. Kate Torgersen, an 18-year employee, explains how bringing her three children to the company's "Base Camp" child care center has benefited her as a working mother. Photo: Tim Hussin for The Wall Street Journal




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Will ensure patents are given within 18 months of application: Amitabh Kant

At the Make in India event, the DIPP secretary said some of this work will be outsourced to the IITs




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GSK Pharma plans Rs 500-cr expansion of its Nashik unit

This investment is in addition to Rs 1,000 crore investment for a greenfield plant in Bengluru announced last year




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Tale of 2 states: Maharashtra & Gujarat

Chief ministers promise ease of doing business and highlight industry-friendly policies




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

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Ministry of Chemicals and Fertilizers Reports Record Fertilizer Sales During Lockdown

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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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Employees of EPFO contribute Rs 2.5 crore to PM CARES fund

The employees of Employees Provident Fund Organization (EPFO) have come forward to support the Government's initiative in combating national crisis of COVID-19 pandemic and voluntarily contributed one day's salary- amounting to around Rs. 2.5 crore to the PM CARES Fund. EPFO, as one of World's largest Social Security Organizations, stands committed in the service of the nation in every possible way. The COVID-19, declared as a pandemic by the World Health Organization, has posed serious challenges for the health and economic security of millions of Indians. Government of India has set up a public charitable trust under the name of 'Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund' (PM CARES Fund) with the primary objective of dealing with any kind of emergency or distress situation. Officers and staff of EPFO are also contributing by putting in extra efforts for providing relief by expeditiously processing EPF withdrawal claims including COVID claims under




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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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RBI Launches May 2020 Round Of Consumer Confidence Survey

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Government Contemplating Policy On Import Substitution In The Wake Of New Economic Situation Created By COVID-19 Pandemic: Nitin Gadkari

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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RBI Announces Rate Of Interest On GOI Floating Rate Bonds 2024 At 3.62%

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

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5Paisa Capital reports consolidated net loss of Rs 1.70 crore in the March 2020 quarter

Sales rise 69.34% to Rs 35.41 crore




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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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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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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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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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Uttam Galva Steels reports consolidated net loss of Rs 536.04 crore in the March 2020 quarter

Sales decline 57.18% to Rs 118.66 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