Stocks in news: IndiGo, Biocon, L&T and M&M

IndiGo Q3 profit jumps 168% to Rs 496 crore; revenue rises 26%

Tech Mahindra Q3 net profit dips 5% to Rs 1,146 cr

Tech Mahindra Q4 results: Profit falls 29% YoY to Rs 804 crore; revenue rises 7%

RIL Q4 results: Profit dives 39% YoY to Rs 6,348 cr; announces India's biggest rights issue

Sensex jumps 1,080 points, Nifty tops 9,300; IndusInd jumps up to 8%

Sensex zooms 997 pts, Nifty ends April F&O expiry at 9,860; India VIX posts worst month ever

Sensex surges 550 points, Nifty reclaims 9,350; IndusInd Bank, HUL jump 4% each

India's Q3 FY20 GDP growth inches up at 4.7% vs 4.5% in previous quarter

RBI's Monetary Policy Report forecasts global recession, says India's growth outlook "drastically altered"

India's fiscal deficit hits 52% of budgeted target in first 2 months of 2019/20

Beaten down banking and industrial stocks likely to outperform in near term: Taher Badshah

Global investors now more confident about India than China: Pacific Paradigm Advisors

Delhi BJP president Manoj Tiwari on Saturday expressed concern over reports of "underreporting" of deaths due to Covid-19 in Delhi and asked Chief Minister Arvind Kejriwal to clear the air about it.

Setu Samudra and other exercises to repatriate Indians from across the globe: ET Explains

Afghan peace process: America recognises India's role, says US Envoy after meeting S Jaishankar

Coronavirus vaccine: ICMR partners with BBIL to develop indigenous COVID-19 vaccine

A report said that India (receiving USD 69 billion in remittances in 2017) was followed by China (USD 64 billion) and the Philippines (USD 33 billion).

India received $69 billion in overseas remittances last year, equivalent to almost 3 percent of GDP, Capital Economics said, citing World Bank data.

The data was provided by Indian missions in Bahrain, Oman, Qatar and Saudi Arabia but the Embassy in the UAE refused to give information. The Indian embassy referred to data on their website which was only 2014 onwards.

The embassies in Gulf countries have not been forthcoming in providing data under RTI on the number of deaths.

India is followed by China ($67 billion), Mexico and Philippines ($34 billion each), according to World Bank.

India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion).

The acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates.

India was the top recipient of remittances worldwide in 2018, data from the World Bank shows. The remittances were boosted in part by migrants from Kerala sending.

India continues remains the top recipient of remittances, with its diaspora sending back $78.6 bn in 2018.

Immediately on receipt of information, on May 7 , Indian Army rescue columns with personnel of ITBPs too, moved on foot, traversing dangerous terrain in bad weather, to the helicopter landing site to evacuate the individuals and provide medical aid, for which a doctor of the ITBP also accompanied.

The US asked India to get involved in the internal political process in Afghanistan. Sources said this formed the core of the discussions between US special envoy, Zalmay Khalilzad and foreign minister S. Jaishankar, NSA Ajit Doval and foreign secretary Harsh Shringla in Delhi.

Nepal's Foreign Affairs Ministry in a statement said the government "has learnt with regret" about the inauguration of the link road connecting to Lipulekh pass, which Nepal claims to be part of its territory. The 80-Km new road inaugurated by Defence Minister Rajnath Singh on Friday is expected to help pilgrims visiting Kailash-Mansarovar in Tibet in China.

In response to queries on inauguration of road on 8th May in Pithoragarh district Uttarakhand, MEA Spokesperson stated, “We have seen the Press Release dated 9th May 2020 issued by the Ministry of Foreign Affairs of Nepal pertaining to the inauguration of a road in India.”

With donations to the PM-Cares Fund and Covid-19-related relief work eligible to be considered CSR expenditure, most companies are likely to nearly exhaust their current CSR budgets after donating to this fund or related relief work.

India Inc’s first attempts to move goods across states after the easing of lockdown curbs were hobbled by expired e-way bills which made it near impossible for transporters to cross checkpoints.

There has been a 35-40% increase in the number of cases of stress and panic attack in April over previous months, according to data from counselling firms. A large number of the callers seek cure for mental stress arising out of social isolation and the workfrom-home milieu — leading to anxiety, depression, loneliness.

Industry captains say economy and jobs must be central focus now, and policymakers have to recognise that the country will have to live with and work around Covid-19. India Inc’s growing call on reopening India for business comes amidst a blizzard of grim economic forecasts. Economic growth in FY21 can be negative, according to Nomura, ICRA and others.

The company said it was able to restart operations at the plant in less than 24 hours after receiving permission from local authorities as it had started intensive preparation even before the lockdown in India came into effect in March, DICV said in a statement.

Car and bike-makers are gearing up to sell more in Bharat to counterbalance shortfall in demand in the cities.

German car maker BMW commenced operations at the Chennai plant in accordance with the government-initiated guidelines. The company also stated that the BMW, MINI and BMW Motorrad dealerships across the country would restart the operations in adherence to local government directives.

The company in its statement said that in 4 steps, a customer can avail of online exchange, finance and insurance, personalize & own their chosen Mahindra vehicle.

The timing of the peak will depend on how India is able to control physical distancing and on the level of infection spreads after restrictions are relaxed, they said.

IIT Kanpur is developing a vaccine against Covid-19, while researchers at Madras and Kanpur have built desi drones for surveillance and IIT Ropar has produced robots to deliver food and medicines to patients in hospitals and quarantine zones. These innovations are in various stages of development.

IIT-Guwahati has shown the way cornering the biggest pool of projects, followed by IIT-Madras and IIT-Hyderabad. Nearly 50% of the key research in India’s premier technical schools are happening in six of the old IITs. Majority of the researches are happening in the field of personal protective care equipment (45 projects), followed by sanitisation (33) and treatment.

The study, published in the journal Pathogens, found that all four drugs were effective in inhibiting, or blocking, the coronavirus' RNA proteins from making genomic copies of the novel coronavirus.

Mortality and morbidity apply to enterprises, too; MSMEs more pronounced than most. Baseline GDP growth was already in slowdown mode and a capital crunch was compounded by lockdown’s labour constraint.

The tenure of the instrument is two years and 364 days from the deemed date of allotment.

We manufactured a crisis much before the pandemic hit the financial world.

Revenue from operations in the fourth quarter stood at Rs 616.61 crore, as against Rs 634.59 crore in the year-ago period.

Cricket Australia is under huge financial pressure due to global lockdown and has laid off 80 percent of its staff. India's four-Test tour in December-January could provide a relief to the struggling bldy

"After New Delhi didn't fulfill its obligations to pay host fee as mentioned in the Host City Agreement terms, AIBA has terminated the contract. Therefore, India would have to pay a cancellation penalty of USD 500," the AIBA said in a statement.

India lost the top spot in the ICC Test rankings to Australia on Friday, dropping to third after their stupendous 2016-17 record was eliminated from the annual update as per rules.

The multi-year deal will see Baseline managing all the commercial interests of Garg. Born in Meerut, UP, Garg made his first-class debut against Goa in 2018 where he went on to score an unbeaten 117. He recently led the Under-19 Indian team at the World Cup in South Africa where they finished runners-up.