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EPFO Allows Firms to File PF Returns Without Simultaneous Payment of Dues

The PF returns have details about employees' and employers' contributions towards the social security scheme run by the Employees' Provident Fund Organisation (EPFO).




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Sebi Exempts Four Family Trusts Linked to Lux Industries' Promoters From Open Offer Obligation

The proposed acquisition involves settlement or contribution of equity shares of the company to the four trusts by Ashok Todi, Bimla Todi, Pradip Todi and Shobha Todi.




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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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​​​Graded Exit From Lockdown Would Be Good For Businesses, Say 86% of CEOs in CNBC-CII Poll

On the effectiveness of India's COVID-19 strategy, 73% of the respondents said it has been successful so far.




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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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Elon Musk Wipes Nearly $15 Billion Off Tesla’s Valuation With His 'Price Too High' Tweet

The tweets recall Musk's controversial tweets in August 2018 when he said he had "funding secured" for a quickly-aborted campaign to take the electric car maker private.




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Yes Bank Appoints Neeraj Dhawan as Chief Risk Officer for Three Years

Dhawan will assume charge from Saturday in place of Ashish Agarwal, the current chief risk officer, who will transition to a new role in the bank.




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Difficult to Take Medium and Long-term Views of the Situation: SBI Official

The bank is looking at the short term now - the next two or three quarters, a senior SBI official said on condition of anonymity.




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In Meeting with Bank Chiefs, RBI Governor Reviews Execution of Measures to Reduce Financial Stress

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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Moneycontrol Pro Completes a Year, Aims to Offer More Value to Its Subscribers

The product has emerged as the fastest growing financial subscription service, reaching a subscriber base of 1,60,000 in less than a year.




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RBI Cancels Licence of Mumbai-based CKP Co-operative Bank; Depositors to Get Up to Rs 5 Lakh

The RBI said the bank is not in a position to pay its current or future depositors and has violated regulatory norms for minimum capital requirement.




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There Will be Flight of Capital From China Post Coronavirus Phase, Says BJP's Ram Madhav

Madhav said Asian democracies like Singapore and South Korea along with India have set a "new example that you don't need to be authoritarian to handle such a big crisis".




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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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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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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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Remdesivir Expected to be Available for Covid-19 Patients from Next Week: Top Company Official

Remdesivir is authorised for the treatment of hospitalised patients with severe Covid-19 disease though the optimal duration of treatment is still being studied in ongoing clinical trials.




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Sensex Crashes Over 2,000 Points as Global Selloff Intensifies amid Rising US-China Tensions

After a highly volatile session, the 30-share BSE index settled at 31,715.35, plunging 2,002.27 points, or 5.94 per cent.




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IRDAI Sets up Panel to Draft Standard Professional Indemnity Policy for Insurance Intermediaries

Professional indemnity policy offers protection to professionals against potential claims for injury or loss resulting from their advice action for failure to fulfil their duties.




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NBFCs Ask RBI for One-time Restructuring of All Loans Till Mar 2021

Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown.




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Commerce Ministry Recommends Continuation of Anti-dumping Duty on Chinese Chemical

Imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime. India and China are members of this Geneva-based organisation, which deals with global trade norms.




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State-owned Bank NPAs May Rise in FY21, Govt's Fiscal Deficit to Widen: Bank Of America

Analysts agree that Covid-19 pandemic will lead to an increase in bank's gross non-performing assets with some reports pegging the stock to double as well.




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GSTN Develops Functionality for Transfer of Amount Available in Electronic Cash Ledger

Form GST PMT-09 provides flexibility to taxpayers to make multiple transfers from more than one head (major or minor) to another head (major or minor) and helps with the intra-head or inter-head transfer of amount available in electronic cash ledger.




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Parliament Has Competence to Make Laws Regarding Recovery of Loans for Cooperative Banks: SC

The SC said cooperative banks cannot carry on any activity without compliance of the provisions of the Banking Regulation Act, 1949 and any other legislation applicable to such banks relatable to 'Banking'.




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Home Rental Company Airbnb Lays off 1,900 People as Coronavirus Slumps Business

With millions of tourists canceling plans for vacations, work trips and family visits, Airbnb earlier this year said it was allocating $250 million to help offset losses incurred by hosts.




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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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Hopes of Gradual Economic Recovery Weigh on Gold

Gold prices ended higher in the previous three sessions, and have risen about 17% since mid-March, as uncertainty remained with the virus spreading and as U.S.-China trade tensions re-emerged.




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Steel Giant ArcelorMittal Reports Net Loss of $1.1 Billion in First Quarter Amid Coronavirus

The company also had to reduce production due to reduced demand.




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Govt Working on Financial Package for all Sectors of Economy, Says Official

Participating in the same meeting, Union Minister for MSME and Road Transport and Highways Nitin Gadkari also said "a package is going to be declared".




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MSME Sector on Verge of Collapse, Says Nitin Gadkari; Urges Industries to Clear Outstanding Dues

The minister also noted that the pendency of dues owed to MSME units by the central government, state governments, public sector undertakings and major industries was "very high".




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Govt Buys 216 Lakh Tonnes Wheat from Farmers at MSP so far, More Than Half of Target

The procurement of wheat and rice (second crop) during the ongoing Rabi season has picked up pace despite severe logistical constraints posed due to countrywide lockdown," the food ministry said in a statement.




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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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Equity Mutual Fund Inflows Hit 4-month Low of Rs 6,108 Crore in April

Overall, the mutual fund industry witnessed net inflows of Rs 45,999 crore across all segments, data by the Association of Mutual Funds in India showed on Friday.




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CII Bats for Immediate Stimulus Package of Rs 15 Lakh Crore

Confederation of Indian Industry said a substantive stimulus is required from the government in the form of support to the poor and to the industry.




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Lockdown-hit Industry Demands Suspension of Labour Laws For 2-3 Years

The employers' organisations also sought relaxation of the provisions of the Industrial Disputes Act to treat the lockdown period as lay-off.




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CBDT Defers Requirement of Registration of Charitable, Religious Trusts by 4 Months Till October 1

Earlier, such registrations/approvals were granted without any specific expiry period unless specifically withdrawn by concerned tax authority.




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To Woo Investors Pulling Out of China, UP Min Takes Suggestions from European Delegates on Improving Biz

Sidharth Nath Singh informed the participants, through video conferencing, about the developmental projects being undertaken in the state; including the Jewar Airport, said to be key to improving the state's airways connectivity.




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ICICI Bank Q4 Net Profit Rises 26 Per Cent to Rs 1,221 Crore

The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19.




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Coronavirus Forces Cancellation of Japan Sumo Tournament

The next sumo 'basho' or tournament had been scheduled to begin on May 24, after organisers delayed the event by two weeks over the pandemic.




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'My Mother is Still Complaining' Leander Paes Reveals Outcome of #FryingPanChallenge

Leander Paes revealed that his mother was not to happy with his viral challenge that took social media by storm.




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IOA Seeks Feedback From Athletes, Coaches on Resumption of Training

NSFs and State Olympic Associations have been asked to collect feedback from the stakeholders such as athletes, coaches, support staff, central and state government ministries, match officials and sports administrators




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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 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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Australian Open Organisers Admit Cancellation of Grand Slam in January Possible Due to Covid-19

Tennis Australia spoke about the uncertainty around restrictions around coronavirus and said they will have to plan for all possible scenarios.




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NFL Sets Protocols for Reopening of Team Facilities, to be Set in Place by May 15

NFL is also establishing workplace protocols that require face coverings unless a person is in a closed office.




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'Heartbreaking, Disturbing, Painful': Sports Fraternity Offers Condolences After Vizag Gas Leak Tragedy

Sportspersons took to social media to offer condolences to the families of those affected in the Vizag gas leak tragedy and prayed for the recovery of those in the hospitals.




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Very Hopeful of Tokyo Olympics Taking Place Next Year, Maintaining My Game and Doing Well: Manu Bhaker

Manu Bhaker was being touted to shine for India at the Tokyo Olympics before coronavirus forced the summer games to be postponed by a year.




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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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Shortage of workers hit food processing units in south Gujarat




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Tapi, Valsad, Dang districts fight off corona




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Karishma Tanna Pulls of Inverted Yoga Pose with Injured Foot

Karishma Tanna took to Instagram and shared a photograph of herself doing the complicated inverted yoga pose despite injured foot.