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Rio de Janeiro governor tests positive for coronavirus

Wilson Witzel, the governor of the Brazilian state of Rio de Janeiro, has been tested positive for coronavirus."On Friday, I began feeling ill and asked for a coronavirus test. Today the result came and it turned out to be positive," Witzel said in a video message posted on his Twitter page on Tuesday evening.The governor said that he had several symptoms of the disease, including fever, sore throat, and fatigue, Sputnik reported."Right now, I feel better and I will continue to work while in self-isolation, following the recommendations of doctors," Witzel further said.Brazil has reported 24,000 cases of coronavirus since the outbreak of the disease.Several political figures, including presidential communications secretary Fabio Wajngarten, have tested positive for the disease during the ongoing outbreak.




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South Korea holds legislative election amid virus outbreak

Wearing masks and gloves, South Korean voters cast their ballots on Wednesday to elect 300 parliamentary lawmakers amid the coronavirus outbreak.Voting kicked off at 6 am (local time) and was to run until 6 pm (local time) at 14,330 polling stations across the country, according to the National Election Commission (NEC). The number of eligible voters is 44 million, according to Yonhap news agency.The once-in-four-years legislative election is widely seen as a referendum on President Moon Jae-in, whose five-year term will end in mid-2022, as well as a test of the country's fight against COVID-19 under the leadership of Moon, The Strait Times reported.South Korea has received international praise for its massive testing capability and other innovative measures, such as drive-through testing and high-tech contact tracing.Experts, therefore, expect the ruling Democratic Party (DP) to extend its lead in Parliament, given that the government's handling of the virus outbreak is viewed ...




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Pak violating ceasefire to infiltrate 'jihadis' into Kashmir amid virus outbreak, says activist

A political activist from Pakistan occupied Kashmir (PoK) has alleged that Pakistan has been regularly violating ceasefire at the Line of Control these days to infiltrate terrorists into Kashmir valley amid COVID-19 spread.Amjad Ayub Mirza, a political activist and author based in Glasgow told ANI, "It is Pakistan, which is responsible for ceasefire violation. We, the people of PoK are aware of this fact that always Pakistan initiates a ceasefire violation to which India retaliates."The activist said that like always, time too, the ceasefire violation was started by Pakistan which created problems for locals, even in the areas of Jammu that do not even come in the jurisdiction of the ceasefire line.Divulging further on the heinous activities conducted by Pakistan, the activist said, "There can be three reasons for them to do so. Firstly due to the coronavirus outbreak, the establishment has been exposed over the mishandling of the pandemic. The country does not even have proper ...




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Pak clerics flout virus lockdown rules, say restrictions not applicable to mosques, congregational prayers

Defying all orders from the state to refrain from religious congregations to curb the spread of COVID-19, prominent ulemas and religious scholars from across Pakistan on Tuesday stated that the five daily prayers and the Friday prayers would be held in mosques. They, however, mentioned that all precautionary measures advised by the government will be implemented.The statement from the ulemas, cited by Dawn, comes as the government announced it would continue the lockdown imposed in light of the coronavirus outbreak, easing restrictions for some industries which it said were 'low-risk'.Authorities in all provinces had officially restricted congregations in mosques, including for Friday prayers, to five people or less for the past two weeks. However, several instances of violation of government orders, and confrontation with police trying to enforce these orders, have been reported since then.Speaking at a press conference after the meeting between representatives from the ...




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EU underlines its opposition to China's interference in Dalai Lama's succession

The assertion came in response to a question by five MPs of the European Parliament, namely Petras Austrevicius, Ausra Maldeikiene, Hannes Heide, Francisco Guerreiro and Petra De Sutter who had submitted a question to EU Foreign Affairs chief, Josep Borrell, asking about the position of EU on the succession of Dalai Lama and what measures the Union intends to take.The EU parliamentarians said that they expect Beijing to respect the spiritual leader's succession according to the traditional standards of Tibetan Buddhism, according to an independent analyst.In January this year, the US House of Representatives had unanimously passed the Tibetan Policy and Support Act (TPSA) to strengthen policy in support of Tibet, a move that was hailed as "encouraging and empowering" by the representatives of Tibet.The Act intended to, among other things, sanction Chinese officials for interfering in the Dalai Lama's succession.The Dalai Lama institution has existed for more than 600 years, during ...




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Australia Market rises on strong inflation data

Investor confidence has been lifted as major countries and several US states reopen for business and central banks seem poised to inject more stimulus to offset the economic hit from the pandemic.




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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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Australia Market rises on ending coronavirus restrictions hopes

The Australian share market got a boost on hopes for an economic recovery at home after the government unveiled plans to end most coronavirus restrictions by July. Prime Minister Scott Morrison's announced a plan to ease social distancing restrictions in a three-step process, which would remove all curbs by July and get nearly 1 million people back to work amid a decline in coronavirus cases.




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IRCTC IPO ends with bumper subscription

Receives bids for 225.69 crore shares




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CSB Bank IPO ends with robust subscription

Receives bids for 100.44 crore shares




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Why Some Cicadas Have Reason to Brood: Potential Extinction

​Periodical cicadas live underground for 13 or 17 years before emerging to mate, lay eggs and die off, and today, there are 15 known broods in the U.S. There used to be 16 and the current number may dwindle if the teetering Brood VII goes extinct.




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Behind The Numbers: Beating DiMaggio’s Streak From the Armchair

MLB.com really wants to give away $5.6 million. But there’s a catch: To claim the prize, one needs to participate in Major League Baseball’s Beat the Streak contest and assemble a batting streak that surpasses Joe DiMaggio’s run of 56 consecutive games in 1941. This isn't easy.




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Joe DiMaggio’s Streak (Predictably) Survives

Jackie Bradley Jr.'s bid to supplant Joe DiMaggio atop the Major League Baseball hit-streak list ended at 29 games. That's not surprising as many observers consider Joltin' Joe's streak the most difficult record to break in sports.




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Retirement Calculators, Assumptions and Statistical Methods

Retirement calculators employ different assumptions to help users predict whether their rate of savings will support their current lifestyle after they quit work.




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Duration play

A timely call on a steady decline in interest rates helped HDFC Mutual Fund's Anil Bamboli reap the gains




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Women Hit Obstacles on the Way to the First Promotion

Men outnumber women nearly 2 to 1 on the first move up the management ladder. WSJ’s Vanessa Fuhrmans explains how this can hurt women right out of the gate.




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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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IRB Infra to sign concession agreement on Zozila pass by March

The scope of the project includes constructing approaches on NH-1 (Srinagar-Sonmarg-Gumri Road) on design, build, finance, operate and transfer (annuity) basis




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Govt to bring in law for construction vehicles industry

Motor Vehicles Act does not adequately address concerns of construction, mining and earth moving equipment makers




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Modi's $222-billion Make in India haul masks challenges to come

Right now, the campaign launched in 2014 is best known for its logo - a lion made of cogs - that has shown up on billboards from Hanover to San Francisco




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CERC issues regulations achieve clean energy target, sound grid operations

Advises Centre to ask states to execute energy accounting & implement availability based tariff




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Handset maker Lava looks to raise $100 million

The company is looking to dilute equity stake to strategic partners




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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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India signs $1.5 billion loan with ADB to support India's COVID-19 immediate response

The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups. Earlier, the ADB's Board of Directors approved the loan to provide budget support to the government to counter and mitigate the adverse health and socio-economic impact of the pandemic.




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Domestic Mineral Production Rises 10% Over Year In February 2020

The index of mineral production of mining and quarrying sector for the month of February, 2020 (Base: 2011-12=100) at 123.7, was 10.0% higher as compared to the level in the month of February, 2019. The cumulative growth for the period April- February, 2019-20 over the corresponding period of previous year has been (+) 1.9 percent. Mining & Mineral Statistics Division of Indian Bureau of Mines functions as the nodal agency for statistics on mineral sector and releases this information.




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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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Currency In Circulation Rises 0.7% On Week

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GST Collection Sinks To Rs 28309 Crore In March As Lockdown Hurts

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Country-Wide Lockdown Was Necessary But Has Had Deep Ramifications On Economic Activity: CII Survey

The country-wide lockdown imposed on 23rd March, while necessary, has had deep ramifications on economic activity. According to the CII CEOs Snap Poll on Impact of COVID-19 on Economy and Industry, while a majority of the firms continue to anticipate a significant decline in their topline, they now foresee a delay in economic revival and demand recovery. The survey saw the participation of more than 300 CEOs, of which nearly two-thirds belonged to MSMEs. The lockdown brought economic activity to a grinding halt and the survey findings indicate that a significant majority of the firms (65%) expect revenues to fall more than 40% in the current quarter (Apr-Jun 2020). For financial year 2020-21, the expectations of a fall in revenue are staggered, with 33% of the firms anticipating a revenue fall of more than 40%, closely followed by 32% of firms expecting a revenue contraction ranging between 20% to 40%.




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India Manufacturing PMI Plunges Sharply Into Contraction Zone

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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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India's Services Sector Witnesses Largest Month On Month Contraction

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State-run Banks Sanctioned Loans Worth Rs 5.66 Lakh Crore Over Last Two Months

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Biocon receives EIR from USFDA for its small molecules API facility in Bengaluru

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Vista Equity Partners to invest Rs 11,367 crore into Jio Platform

Vista is a leading global investment firm focused on empowering and growing enterprise software, data and technology enabled companies that are reinventing industries and catalyzing change. Vista has more than $57 billion in cumulative capital commitments and its global network of companies collectively represent the 5th largest enterprise software company in the world.




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Hexaware Technologies launches KareRing, a cloud based quarantine zone management solution

KareRing adheres to standards like data encryption. Advanced tracking technology increases accuracy by using other sensory data. The app leverages AI-powered global identity verification to authenticate users' identity before onboarding them and uses data analytics and intelligence techniques to visualize user data. An inbuilt, WHO-compliant bot is used for user self-health assessment. The app has also an added functionality for healthcare organizations to evaluate the efficacy of the vaccine under trial.




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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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K C P resumes operations at engineering unit and cement production unit

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Lupin's Pithampur facility successfully completes UK MHRA inspection

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JK Tyre & Industries resumes domestic operations

The remaining manufacturing plants of JK Tyre in India and Mexico are in preparatory mode and will resume operations subsequently.




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Assembly Elections 2016: Exit polls show Mamata may buck anti-incumbency trend

Most exit polls see loss for Jaya; Assam for BJP; left turn for Kerala




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Tamil Nadu assembly elections: AIADMK takes lead, could disprove exit polls

Neck to neck fight between two dravidian parties




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Who got Assembly elections exit polls right this time?

Results' trends suggest that the pollsters have again failed to predict the outcome of Assembly polls in Tamil Nadu, West Bengal, Kerala, and Assam




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Assembly Elections 2016: 5 stars who made a difference

A look at key faces who helped their parties cross the finish line




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Assembly elections 2016 results: BJP spreads wings, Congress shrinks

BJP wins in Assam, opens account in Kerala; Congress loses two states; Left sweeps Kerala; Mamata decimates Opposition in West Bengal




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DMDK expected to lose its recognition

A party must secure a minimum of six percent of all votes polled, which DMDK did not