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SEPTA WILMINGTON/NEWARK LINE WILL OPERATE AN ESSENTIAL SERVICE SCHEDULE UNTIL FURTHER NOTICE. THE SPECIAL SCHEDULE WILL OPERATE DAILY WITH NO SERVICE TO NEWARK.



  • Special Travel Alert

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GOVERNOR JOHN CARNEY SIGNED THE SEVENTH MODIFICATION TO HIS STATE OF EMERGENCY DECLARATION, ORDERING ALL OUT-OF-STATE TRAVELERS INTO DELAWARE TO IMMEDIATELY SELF-QUARANTINE FOR 14 DAYS TO FIGHT THE SPREAD OF COVID-19.UNDER THIS ORDER, ANYONE WHO ENTERS DE



  • Special Travel Alert

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GOVERNOR JOHN CARNEY SIGNED THE SEVENTH MODIFICATION TO HIS STATE OF EMERGENCY DECLARATION, ORDERING ALL OUT-OF-STATE TRAVELERS INTO DELAWARE TO IMMEDIATELY SELF-QUARANTINE FOR 14 DAYS TO FIGHT THE SPREAD OF COVID-19.UNDER THIS ORDER, ANYONE WHO ENTERS DE



  • Special Travel Alert

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GOVERNOR JOHN CARNEY SIGNED THE SEVENTH MODIFICATION TO HIS STATE OF EMERGENCY DECLARATION, ORDERING ALL OUT-OF-STATE TRAVELERS INTO DELAWARE TO IMMEDIATELY SELF-QUARANTINE FOR 14 DAYS TO FIGHT THE SPREAD OF COVID-19.UNDER THIS ORDER, ANYONE WHO ENTERS DE



  • Special Travel Alert

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DUE TO THE PRESENCE OF CORONA VIRUS COVID-19 IN DELAWARE, BUSINESS CLOSURES, REDUCTIONS IN STAFFING AND LOWER RIDERSHIP LEVELS, AS OF WEDNESDAY, MARCH 18, DART PUBLIC TRANSIT SERVICES IS OPERATING ON A REDUCED SERVICE SCHEDULE UNTIL FURTHER NOTICE. FOR MO



  • Special Travel Alert

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THE DELAWARE DEPARTMENT OF TRANSPORTATION (DELDOT) CONTINUES TO REVIEW OPERATIONAL NEEDS WHILE KEEPING THE HEALTH AND SAFETY OF OUR EMPLOYEES AND CUSTOMERS IN MIND. AT THE STATE'S THREE TOLL PLAZAS, THERE WILL BE NO TOLL COLLECTORS WORKING TO COLLECT



  • Special Travel Alert

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W DENNY'S RD N DUPONT HWY EAST AND WEST BOUND STRIPING OPERATIONS UNDERWAY UNTIL 2 PM




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W DENNY'S RD N DUPONT HWY EAST AND WEST BOUND STRIPING OPERATIONS UNDERWAY UNTIL 2 PM




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Royal Enfield begins production with minimal staff, 120 dealerships resume partial operations

Royal Enfield has assured in a press statement that there will be complete compliance to norms of social distancing and workplace sanitization.




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HUL rating: Structural appeal intact, ‘buy’ with target price of Rs 2,650

HUL's investment case rises above this short-term disruption: HUL's structural appeal lies beyond the defensiveness it offers amid Covid-19 disruption, in our view.




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Axis Bank Rating: ‘Buy’ — Provisions against Covid-19 cast shadow

Showing of moratorium book will be key; outlook for earnings in FY21 is weak; ‘Buy’ maintained with TP of Rs 530




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Ambuja Cements Rating: ‘Neutral’ — Reduction in costs led to a margin beat

CY20e volumes cut by 6% due to Covid-19; limited upside from current levels; ‘Neutral’ maintained.




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Change in rating outlook for Arvind Fashion, Edelweiss Fin

The ratings for long-term bank facilities for Arvind Fashion was reaffirmed CARE A- with outlook revised from stable to negative.




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Capital, debt market service providers to remain operational during lockdown: Sebi

The government on Friday announced that a "limited" lockdown, including suspension of inter-state travel, air and train services, will continue to remain in force for another two weeks throughout the country from May 4, but some activities would be allowed after classifying areas into red, orange and green zones.




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Gold prices gain 18% in less than two months as coronavirus cases spike, silver rates rise

Gold prices have gained over 18 per cent from their recent low of Rs 38,400 per 10 grams hit on March 16, 2020. While silver futures surged 25 per cent from its low of Rs 33,580 per kg touched in March.




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Gold prices fall today amid spike in coronavirus cases, still trade above Rs 46,000; silver rates rise

On MCX, gold June futures were trading Rs 153 or 0.33 per cent down at Rs 46,008 per 10 grams. Silver July futures were ruling at Rs 43,265 per kg, up Rs 142 or 0.33 per cent.




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Investors have already started changing their strategy: Bhaskar Majumdar, Managing Partner, Unicorn India Ventures

Cash flows will be tight and they may also experience delay in the investment cycle, but this is a temporary phase, says Bhaskar Majumdar, managing partner, Unicorn India Ventures (UIV), a Mumbai-based fund house.




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Analyst Corner: Grasim Industries rating – ‘hold’; COVID-19 has worsened outlook for VSF business

There’s absence of catalysts to narrow holdco and conglomerate discount that has risen of late; ‘Hold’ retained with TP of Rs 550.




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Analyst Corner: Hexaware Tech rating ‘add’; A subdued quarter for the company

Margins expected to fall in CY20e; downgraded to ‘Add’ with reduced TP of Rs 330




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Spectrum dues: No corporate guarantee, need bank guarantee, DoT to Voda-Idea

The department of telecommunications (DoT) is understood to have turned down the offer of Vodafone Idea to furnish a corporate guarantee instead of a bank guarantee to cover its deferred spectrum installment for the current fiscal.




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ICICI Lombard Rating: Retain ‘sell’ with fair value of Rs 875

A sharp slowdown in the motor business and lower interest rates will put pressure on ICICI Lombard’s FY21E performance.




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Cotton Corporation purchases record 7.5L bales from Gujarat growers

According to an official source, CCI had purchased more than 13 lakh bales in 2008 as that year too, cotton prices had nosedived due to the global recession.




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Marico Rating: ‘Buy’, risk-reward attractive

Marico's Q4FY20 was expectedly weak on topline but margin beat (lower RM & A&P) drove a positive earning surprise.




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Muthoot Finance Rating: Retain ‘add’ with FV of Rs 900

A solid security and appreciating asset prices will augur well for Muthoot Finance’s stable asset quality performance during a period when most NBFCs have negligible visibility on their recoveries.




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Covid-19: Over 200 companies in Pune industrial belt resume operations after curbs eased

Over 200 companies in Pune’s industrial belt of Chakan, Talegaon, Kurkumb, Baramati and Ranjangaon have resumed operations after restrictions were eased on Monday, even as the lockdown continues.




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Covid-19 effect: No wages for Gujarat diamond workers during lockdown

Despite the Gujarat government’s order to pay salaries to workers during lockdown period, lakhs of diamond artisans in Surat have not been paid their wages by their employers, said Diamond Workers Union – Gujarat.




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Ind-Ra places Shriram Transport Finance on Rating Watch Negative

India Ratings and Research (Ind-Ra) on Monday placed Shriram Transport Finance Company’s long-term issuer rating of ‘IND AA+’ on Rating Watch Negative (RWN).




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Icra downgrades long-term ratings on Edelweiss firms

The rating downgrade action took into account the increased stress in the wholesale portfolio, which could lead to a deterioration in the asset quality, and the consequent impact on the financial performance.




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Cyberattacks get a new dimension: Political and economic intentions of cybercriminals

Threat trends show political and economic intentions of cybercriminals.




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How to diffuse intergenerational tensions

The millennials are accustomed to having things at the click of a mouse. Want to watch a movie? Access Netflix. Want to plan a holiday? Do so on Makemytrip. Want to shop? Buy almost anything under the sun, any time, on Amazon or Flipkart. Want beauty treatment? Call Urbanclap. Want a date? Simply swipe right!




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Moratorium on power charges: After Maharashtra, Uttar Pradesh to give relief to industrial consumers

The ongoing lockdown is seen to take a toll on the finances of the state-run discoms which are finding it difficult to continue meter reading exercises and collect payments from consumers. To make matters worse for discoms, their revenues are seen to decrease on account of lower usage by high paying consumers such as the railways, industrial and commercial users.




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Trai pulls up mobile operators over extension of validity

Trai on March 29 had asked all the telecom operators to extend the validity of talk-time of their pre-paid subscribers so that they continue to get uninterrupted services.




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Interview: Covid-19 pandemic will accelerate digitalisation, says Anjali Bansal, founder, Avaana Capital

Startups must maintain their financial health by conserving cash, cutting down on costs and renegotiating their existing contracts.




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$4.7-m deal with Swiss firm: SC sets aside arbitration award against Nafed

Nafed, a canalizing agency for the GoI, and Alimenta had entered into a contract for supply of 5,000 tonne Indian groundnut during1979-80.




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Jefferies puts ‘Hold’ rating on Strides Arcolab with Rs 1300 target price

Under the scheme, Strides shareholders will get 1 share of SSL for every 6 shares of Strides while Sequent shareholders will get 1 share of SSL for 25 shares of Sequent.




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NRI BR Shetty to invest Rs 1000 cr to produce India’s biggest-ever movie ‘The Mahabharata’

The promoters of the movie claim that it would be the costliest Indian movie and made in Hollywood style with technicians sourced globally.




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Yes Bank MD & CEO Rana Kapoor: Hope CASA ratio to touch 40% in next 4 quarters

Yes Bank has seen a 30.2% increase in its net profit for the March quarter, due to strong growth in advances and growth in low-cost CASA deposits.




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Marathon Nextgen Realty to buy back Rs 149-cr shares

The offer at `275 per share is 17.6% less than its closing price of `334 on Monday.




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Manpasand Beverages stock gets ‘Reduce’ rating from Kotak, TP at Rs 700 after reporting healthy quarter

Manpasand reported a healthy quarter overall albeit EBITDA/PAT were below our estimates. Overall, FY2017 was broadly in line with company guidance at start of the year and both Mango Sip and Fruits Up posted robust growth.




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ACC stock gets rated ‘Buy’ by Edelweiss, says target price revised to Rs 1914

Investors in ACC have reason to cheer as volume posted double digit growth in Q2CY17, up 10% y-o-y, after a gap of >5 years and is set for ~10% jump in CY17, on low base of ~9% dip in H2CY16.




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For Bharat Financial, what is key to growth? BofA Merrill Lynch explains key points

Bharat Road Network, a road and highways BOT company, has priced its initial public offering (IPO), aimed at raising Rs 600 crore, in a price band of Rs 195-205.




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How farm loan waivers can hit corporate borrowing, RBI explains the math

Farm loan waivers by state governments have potential to crowd out corporate borrowing if financed through state debt issuance, the Reserve Bank of India (RBI) said in its annual report.




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Corporation Bank swings back in black as provisions decrease sharp 73 per cent

NII is the difference between interest earned and interest paid by a bank. The lender’s asset quality improved q-o-q with gross non-performing assets (NPA) of 17.36%, down 10 basis points over Q2FY19.




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Gold rush: Jewellers make desperate bid to woo customers

Popley Group has launched a special edition of gold coins, which are being offered at cheaper rates, and is also selling luxury watches at a 25-50% discount.




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Cyclone Fani impact: Surat textile industry reels from Rs 500-crore losses

To make matters worse, a sizeable number of labourers from Odisha are employed in the Surat textile industry, said Ashish Gujarati, president of Pandesara Weavers' Association.




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Corporate bond issuances via private placements rise 76%

The total corporate bond issuance in FY19 was Rs 6.1 lakh crore, just slightly higher than `6 lakh crore mopped up in FY18.




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Arbitrary arbitration: Enforcing global awards is getting more complicated

“The export without permission would have violated the law, thus, enforcement of such award would be violative of the public policy of India”, the SC said.




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Saving the rural economy: The govt will have to deepen its procurement operation

In the long term, the govt will have to deepen its procurement operations, expanding from the wheat-paddy complex.




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Covid crisis: India at the cliff edge of a rating downgrade

India’s Achilles heel on ratings is its parlous state of fiscal affairs and the risk of a sharp deterioration of government debt to potentially ~75-80% of GDP.




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Governments need to incorporate battling strategies for diseases like COVID-19 in their national security plans

In India, which is the biggest democracy in the world with over 1.3 billion people, the question of public health has never been debated in public.