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E-retail vs. organised retail: an uncertain battle

The underlying fight is between supply chains. But as long as consumer benefits, who wins does not matter.




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How supply chains established by Nehru helped India break free

Bashing Nehru may be fashionable but flawed. He broke free from the exploitative colonial economic structure and laid strong economic foundations; and above all, India grew fast




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Twitter is in trouble: How can it be rescued

Everything is about incentives, and Twitter simply doesn't have enough of them to attract new users. Perhaps, the highly followed band of Twitterati can help save the day




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Michigan Gov. Rick Snyder Booed and Heckled

Michigan Gov. Rick Snyder, who has drawn deep criticism for his role in the Flint water crisis, was loudly booed and heckled as he spoke to about 1,000 students, teachers and residents at Northwestern High School Wednesday. Photo: Fox News




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Giant Panda No Longer on Endangered Species List

The giant panda is no longer a critically endangered species, but the eastern gorilla is now classified as one, the International Union for Conservation of Nature says in the latest update of its "Red List." Photo: AFP/Getty




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Dakota Pipeline Standoff Erupts, Injuries Reported

Demonstrators protesting the Dakota Access Pipeline were injured on Sunday after increased tensions. Police fired rubber bullets and tear gas after a group of protesters moved into restricted areas. Authorities also doused protesters with water from fire hoses despite frigid temperatures. Photo: James MacPherson/AP Photo




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Meet Your New Cable Package. It’s Called Streaming.

The streaming wars might mean you have way more options when it comes to platforms and content for entertainment. But ultimately, paying for all those options is going to look a lot like the high prices you used to pay for your old-school cable package. Photo: Alexandra Cardinale




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Brexit & Beyond: Eurozone Slowdown Feeds Global Growth Fears

To subscribe to the newsletter, please sign up here Dear reader, This is the last edition of the Brexit & Beyond newsletter, and we will soon begin sending you our daily What’s News newsletter. It features the best of The Wall Street Journal, including Brexit and European news. You can also stay up to date on […]




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Why Clicking 'Like' Can Get You Fired

Some workers are finding that a simple "like" on Facebook, even one unrelated to their jobs, can get them fired. Ruth Mantell on Lunch Break looks at the latest cases, how legal challenges are evolving, and what workers should watch for. Photo: AP.




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Barmen (Wednesday Crossword, May 6)

Download PDF 




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Verizon is bringing back unlimited data

Read full story for latest details.




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Oil prices have doubled in a year. Here's why

The price of crude oil has more than doubled over the past year after bottoming out at $26 per barrel in February 2016.




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New York City Schedules Nightly Subway System Shutdown to Combat Virus

In an effort to halt the spread of the coronavirus, New York City has begun suspending service to its entire subway system nightly between 1 a.m. and 5 a.m. so cleaning crews can disinfect its thousands of trains. Photo: Spencer Platt/Getty Images




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Puducherry Assembly polls: Over 30% voting recorded so far

The main fight is between the Congress-DMK combine and the ruling All India NR Congress (AINRC)




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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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China limiting Mekong river's flow triggered drought in region, says US-based research

A US-based research company has found that China limited the flow of the Mekong River following the construction of a number of its sprawling dams in its territory in the backdrop of a severe drought in the region last year.The report comes at a time when the entire world is grappling with the coronavirus pandemic since late last year, when the virus first made its appearance in Wuhan, the capital of central China's Hubei province."The satellite data does not lie and there was plenty of water in the Tibetan Plateau, even as countries like Cambodia and Thailand were under extreme duress," said Alan Basist, who co-wrote the report, which was released on Monday, for Eyes on Earth, a water resources monitor."There was just a huge volume of water that was being held back in China," Basist was quoted by New York Times as saying.Farmers and fishermen across the Mekong region were devastated as the water level in portions of the river dwindled due to dams commissioned by China which has been .




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China fabricated info about COVID-19 spread, say experts

Experts have criticized Chinese President Xi Jinping for concealing, destroying and fabricating information about the rampant spread of COVID-19 and suppressing the data by silencing and criminalising dissent.In a report published by The Times of Israel, Human Rights Advocate Irwin Cotler said, "There is authoritative and compelling evidence -- including a study from the University of Southampton -- that if interventions in China had been conducted three weeks earlier, the transmission of COVID-19 could have been reduced by 95 per cent".The daily reported that Dr. Ai Fen, Director of the Emergency Department at the Central Hospital of Wuhan disseminated information about the novel virus to several doctors, one of them being Li Wenliang in late December last year. Wenliang passed away after contracting the contagion in February while Ai has recently disappeared."On January 1, 2020, Dr. Li Wenliang -- the "hero" and "awakener" -- was reprimanded for spreading rumours, and was summoned ..




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Global financial conditions tightened abruptly due to COVID-19: IMF

The International Monetary Fund (IMF) in its Global Financial Stability Overview released on Tuesday has noted that early in 2020, global financial markets remained afloat as there was a sense of optimism on the back of supportive monetary policy, reduced trade tension and tentative signs of stabilisation in the global economy. However, the spread of COVID-19 has posed a risk that has seen the prices of risk assets and commodities fall at unprecedented speed.The document released by the IMF says that the equity markets experienced the fastest drop in history with the S and P 500 falling 20 per cent from its peak in just 16 trading sessions.The asset price declines reached about half the magnitude seen in 2008-09 at the worst point of the sell-off, and implied volatility spiked across asset classes, in some cases to levels last seen during the global financial crisis.Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF, Tobias Adrian while releasing the




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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 cases in France exceed 1 lakh mark

The number of coronavirus cases reported in France has passed 100,000, top French health official said on Tuesday."As of this evening, we have passed the 100,000 mark in terms of test-confirmed coronavirus cases," Jerome Salomon told reporters.France now has 103,573 confirmed cases, with 5,497 new infections recorded in the past 24 hours.The death toll is 15,729. Of them, 10,129 were hospital patients. The number of people who died in hospitals in the past day is 559.On Monday, President Emmanuel Macron extended the nationwide lockdown until May 11. Restrictions on public life went into effect on March 17 in a bid to limit the spread of the deadly coronavirus.




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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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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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Hong Kong Market closed for holiday

Asian market advanced on Thursday, 30 April 2020, on following U.S. shares advancing overnight on reports the antiviral drug remdesivir is showing promise as an effective COVID-19 treatment.




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Japan Market closed for a national holiday

Asian stock markets fell sharply on Monday, 04 May 2020, as risk sentiment turned sour on reigniting tensions between the world's top two economies after U.S. officials tried to pin blame for the coronavirus pandemic on China.




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China Market closed for Golden Week national holiday

Asian stock markets fell sharply on Monday, 04 May 2020, as risk sentiment turned sour on reigniting tensions between the world's top two economies after U.S. officials tried to pin blame for the coronavirus pandemic on China.




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Japan Market closed for a national holiday

Asian stock markets advanced on Wednesday, 06 May 2020, as investors risk sentiments buoyed on tracking positive cues overnight from Wall Street after reports of easing of coronavirus lockdown restrictions in Europe and the U.S. Stocks also saw a modest boost from a rebound in oil prices.




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Japan Stocks end mostly lower amid continued coronavirus concern

Total 21 issues of 33 industry category of Topix index were in negative territory, with Air Transportation, Insurance, Land Transportation, Iron & Steel, Nonferrous Metals, and Oil & Coal Products issues being notable losers, while Other Products, Electric Appliances, Metal Products, Construction, and Pharmaceutical issues were notable gainers.




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Economic Survey has estimated 2019-20 GDP growth at 7%, say TV reports

General fiscal deficit in FY19 expected to be 5.8 per cent of GDP, compared with 6.4 per cent the previous year




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IRCTC IPO subscribed 81%

Receives bids for 1.63 crore shares




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Vishwaraj Sugar Industries IPO subscribed 39%

Receives bids for 39.24 lakh shares




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IRCTC IPO subscribed 3.25 times

Receives bids for 6.55 crore shares




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Vishwaraj Sugar Inds IPO subscribed 62%

Receives bids for 61.98 lakh shares




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IRCTC IPO subscribed 111.84 times

Receives bids for 225.46 crore shares




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Vishwaraj Sugar Inds IPO subscribed 88%

Receives bids for 88.17 lakh shares




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Vishwaraj Sugar Inds IPO subscribed 1.12 times

Receives bids for 1.12 crore shares




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Vishwaraj Sugar Inds subscribed 1.12 times

Receives bids for 1.12 crore shares




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CSB Bank IPO fully subscribed on day 1

Receives bids for 1.20 crore shares




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CSB Bank IPO subscribed over 4 times

Receives bids for 5.02 crore shares




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CSB Bank IPO subscribed over 86 times

Receives bids for 100.32 crore shares




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Ujjivan Small Finance Bank IPO fully subscribed on day 1

Receives bids for 20.14 crore shares




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Ujjivan Small Finance Bank IPO subscribed 4.67 times

Receives bids for 57.92 crore shares




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Ujjivan Small Finance Bank IPO subscribed 165.55 times

Receives bids for 2,052.12 crore shares




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Prince Pipes and Fittings IPO subscribed 28%

Receives bids for 55.57 lakh shares




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Prince Pipes and Fittings IPO subscribed 74%

Receives bids for 1.45 crore shares




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Prince Pipes and Fittings IPO subscribed 2.21 times

Receives bids for 4.37 crore shares




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SBI Cards IPO subscribed 39%

Receives bids for 3.94 crore shares




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SBI Cards IPO subscribed 87%

Receives bids for 8.75 crore shares




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Antony Waste Handling Cell IPO subscribed 9%

Receives bids for 4.29 lakh shares




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SBI Cards IPO subscribed over 15 times

Receives bids for 155.35 crore shares




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Antony Waste Handling Cell IPO subscribed 13%

Receives bids for 6.45 lakh shares