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Money Tips for Tech-Millionaires

New-found tech wealth is great but there are some financial mistakes new millionaires should avoid. Dow Jones' Daisy Maxey reports. PHOTO: Getty




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Hong Kong Market slips on doubts over coronavirus drug

Risk sentiment deteriorated after a news report, citing inadvertently released results, said the closely watched antiviral drug remdesivir had had no effect on patients in its first randomised clinical test.




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How Math Helps Fight Epidemics Like Zika

When an epidemic such as Zika threatens to sweep across the country, public-health workers and policy makers need some basic information in order to plan a strategic response to make the best use of limited resources to protect the public from the spread of the disease. Enter the mathematicians and statisticians.




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Pepsi, Monsanto to set up units in Maharashtra

Soft drink maker to put in Rs 500 cr to set up juice factory; Monsanto identifies Buldhana district for a seed plant




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Eight core infrastructure sector output dips 6.5% in March 2020

Eight core infrastructure sector output rises marginally by 0.6% in FY2020




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Steps To Take Before You Sell Your Business

There are plenty of financial and nonfinancial issues advisers need to address with their clients before they sell their business.




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Jayalalithaa keeps five poll promises on Day 1

AIADMK chief becomes Tamil Nadu CM for the sixth time




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Sops for railways unlikely as Jaitley says customers must pay for services

They have decided that by 2019 all its accounting will move to accrual system




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Crowd source inputs for budget from common people: PM to BJP MPs

Centre to launch ambitious job scheme on Swami Vivekananda's birth anniversary




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Health care service providers want tax sops in Budget

Wants patient treatment, which is currently exempt from service tax, to continue to enjoy this sop under GST for 10 years




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NLC India slips after fire accident at Neyvali plant

NLC India fell 0.46% to Rs 43.70 after the company said eight workers were injured in a fire accident at the TS II power plant in Neyveli, Tamil Nadu.




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Indices pare gains, PSU banks decline

The benchmark indices pared gains in early afternoon trade as profit booking emerged at higher levels. The Nifty held above the 9300 mark. At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 397.91 points or 1.27% at 31,841.29. The Nifty 50 index rose 106.05 points or 1.15% at 9,305.10.




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Adani Gas gains after Q4 PAT jumps 60% to Rs 121.41 cr

Adani Gas rose 3.55% to Rs 107.85 after standalone net profit surged 61% to Rs 122 crore on 1% fall in revenue from operations to Rs 490 crore in Q4 March 2020 over Q4 March 2019.




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Shree Cement Q4 PAT jumps 58% YoY to Rs 535 cr

On a consolidated basis, Shree Cement's net profit jumped 57.6% to Rs 535.93 crore on 2.1% decline in net sales to Rs 3,415.14 crore in Q4 March 2020 over Q4 March 2019.




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Adani Transmission Q4 PAT slumps 60% YoY to Rs 59 cr

Adani Transmission's consolidated net profit dropped 60% to Rs 59 crore on a 3% decline in operational revenue to Rs 2220 crore in Q4 March 2020 over Q4 March 2019.




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Roadside bomb kills 6 Pakistani troops

At least six security personnel, including an Army major, were killed on Friday when a roadside bomb struck a patrol vehicle in a remote area in southwestern Pakistan, close to the border with Iran. The Army said in a statement that a vehicle of paramilitary Frontier Corps was targeted through a remote-controlled improvised explosive device (IED) in Kech district's Buleda area, about 14 km from the Iran border. A major and five soldier embraced shahadat while one soldier was injured, according to army. No one took responsibility but Baloch militants often target the security forces in the province. It is the first major attack on the forces in Balochistan since the outbreak of COVID-19.




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Stuck on cruise ships during pandemic, crews beg to go home

Carolina Vasquez lost track of days and nights, unable to see the sunlight while stuck for two weeks in a windowless cruise ship cabin as a fever took hold of her body. On the worst night of her encounter with COVID-19, the Chilean woman, a line cook on the Greg Mortimer ship, summoned the strength to take a cold shower fearing the worst: losing consciousness while isolated from others. Vasquez, 36, and tens of thousands of other crew members have been trapped for weeks aboard dozens of cruise ships around the world long after governments and cruise lines negotiated their passengers' disembarkation. Some have gotten ill and died; others have survived but are no longer getting paid. Both national and local governments have stopped crews from disembarking in order to prevent new cases of COVID-19 in their territories. Some of the ships, including 20 in US waters, have seen infections and deaths among the crew. But most ships have had no confirmed cases. "I never thought this would turn




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European 2021 equestrian championships cancelled

European equestrianism on Saturday became the latest sport to adjust its calendar because of the postponement of the Olympics with the announcement that it had cancelled its 2021 eventing championships. With the Tokyo Games put back to next summer, other sports that had planned major championships for 2021 have been forced to react. The European equestrian championships were scheduled for Haras du Pin in Normandy from 11 to 15 August, which meant they were due to start just three days after the rearranged Olympics ends. The French equestrian federation, which announced the cancellation in a press release, said a postponement had been considered but rejected and, instead, Haras du Pin was "positioning itself for the organisation of the European Eventing Championship in 2023." Eventing sees a single rider and mount compete at show-jumping, dressage and cross-country.




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Jio offers new top-ups, annual plans with cheaper, additional data

Reliance Jio has come up with new top-up plans to support extra data usage at up to 75 per cent lower rates and also made annual recharge plans 33 per cent cheaper compared to rivals by enhancing data usage limit at 4G speed to 2 GB per day. The company has brought three new "work-from-home" top-up plans that are available at the denominations of Rs 151 (30 GB), Rs 201 (40 GB) and Rs 251 (50 GB), which supplement usage once the daily limit is exhausted, as per the company's website. With these plans, average data cost comes to about Rs 5 per GB. Under the existing top-ups, which will continue, data on Jio network costs in the range of Rs 8.5 to Rs 21 per GB. Reliance Jio has revised the price for its annual plan to Rs 2,399 and enhance the daily data limit in the new plan to 2 GB. So, despite increase in value of the 365 days validity, the annual plan is 33 per cent cheaper than rivals due to extra data offered by it. Bharti Airtel and Vodafone Idea offer similar annual plans for Rs ..




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COVID-19 lockdown: Delayed academic plans and uncertainty---anxiety grips CBSE class 12 students

17-year-old Pratyusha Jha, wakes up scrambling for newspapers these days to look for any news about her pending board exams and is anxious about what the future has in store for her. Similar concerns are shared by Bipin Kumar, a class 12 student, who says the announcement of board exams from July 1 to 15 brought limited clarity as the larger questions remain unanswered. The COVID-19 lockdown, came with a different set of concerns for class 12 students, whose board exams were postponed midway following the outbreak of coronavirus, putting on hold their future plans as well. "Everyday I have been looking for news about the exams and about entrance exam dates. I feel unfortunate that this happened during the year I was supposed to take the big college leap. I don't want my future decisions to be shaped by this very year as what I opt to study now will remain with me lifelong," Pratyusha told PTI. Ending some uncertainty for students, HRD Minister Ramesh Pokhriyal 'Nishank' on Friday ...




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Not upset over not being nominated: Munde on Council polls

BJP leader Pankaja Munde has said that she was not upset over not being nominated by the party for the upcoming Legislative Council election. In a tweet, Munde asked her supporters not to get demoralised. "We both are there for each other and have the blessings of saheb (father Gopinath Munde)," she said. The former BJP minister, who lost the Parli seat in last year's assembly polls to her cousin and NCP leader Dhananjay Munde, said she was not upset over not being given a ticket for the May 21 biennial elections. "You called up my mother and sister (Beed MP Pritam Munde) to express your dismay. I did not take calls because I had nothing to say. I am not upset. My best wishes to the four party candidates," she said. A party source said that senior BJP leader Eknath Khadse, who was keen on representing the party in the Council, is upset over not being considered. The BJP has fielded former NCP MP Ranjitsinh Mohite, lesser-known faces like Gopichand Padalkar, Praveen Datke ..




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Migrants clash with cops in Surat, over 100 detained

Hundreds of migrant workers came onto the streets and clashed with the police at a village in Surat district of Gujarat on Saturday to demand that they either be sent back to their home states or allowed to resume work at local industrial units to earn money, police said. The police resorted to lathicharge and fired tear gas to disperse the mob. Over a 100 workers were detained in this connection, an official said. The incident took place at Mora village near industrial town of Hazira. "Over 100 workers were detained after they took to the streets, demanding that they either be sent back home or allowed to work at the industrial units they were employed at in Hazira and paid salaries," joint commissioner of police (Sector 2) D N Patel said. Protesting workers came out of their homes in the workers' colony at Mora village and started walking in a large group towards Hazira industrial area, he said. The migrants demanded that the district administration should arrange for ..




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Maha minister thanks cops for virus fight with logo tribute

Maharashtra Home Minister Anil Deshmukh on Saturday expressed gratitude to policemen in the frontline in the fight against the coronavirus outbreak by keeping the state police logo as the display picture or DP of his social media accounts. He asked people to do so in large numbers to encourage the men in khakhi who have been working round the clock, with several of them having got infected, and six losing their lives. In a Facebook post, Deshmukh said, "There is a need to highlight that the brothers in my police family are not alone. The people care for the police as much I do as home minister." "I will keep the logo of Maharashtra Police as the DP of all my social media accounts like Facebook, Twitter and Instagram in the honour of our brave police. You too should use the logo (as the DP) to participate in big numbers to honour the police brothers," he added.




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Narco-terrorist with links to Kashmiri terror groups nabbed by NIA in Haryana

After being on the run for nearly a year, the National Investigation Agency on Saturday nabbed Ranjit Singh, a notorious narco-terrorist, from Sirsa as he was acting as a conduit of Pakistan-based terror groups in pushing drugs into India, the proceeds of which were used for terror activities. The National Investigation Agency (NIA), along with the Punjab and Haryana police arrested Singh alias Cheeta, a resident of Amritsar, in an intelligence-based operation from Sirsa in Haryana, the agency said in a statement. The NIA had registered a case in June last year and filed the first charge sheet against 15 people, including Singh, and four companies, in December the same year. The NIA spokesman, said in the statement, that an investigation into a drug case had led to the fact that Pakistan-based terrorist organisations were using narcotic trade to generate funds for terror activities in India. The proceeds of narcotic trade are transferred to Kashmir valley through couriers and hawala ..




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Cops thrashed by hoodlums outside minister's house'

Four policemen, including an assistant sub inspector, were injured when a group of men attacked them in Pratapgarh district of Rajasthan on Friday night. The incident occurred in Chhoti Sadri area near the house of the state Cooperative Minister Udai Lal Anjana with the BJP alleging that Anjana too slapped a policeman, a charge denied by the minister. A former up-sarpanch Kanhaiya Lal had a spat with some youths in Kesunda village over some petty issue. After some time, the youths caught Kanhaiya Lal and thrashed him, police said. On information, a team of four policemen, led by ASI Shishupal Singh, rushed to the spot where the members from Kanhaiya Lal hit them. The policemen got injured. The ASI has received critical injuries, Chhoti Sadri police station's SHO Ravindra Pratap Singh said. Leader of Opposition Gulab Chand Kataria wrote a letter to Chief Minister Ashok Gehlot on Saturday alleging that the minister, Udai Lal Anjana slapped a police constable after which the mob present .




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Five dead in clash between two groups in Kutch, Gujarat

Five persons were killed in a clash between two groups at Moti Hamirpar village in Kutch district of Gujarat on Saturday afternoon, police said. A group of people wielding sharp weapons attacked another group on suspicion that they were informing police about the hooch trade in nearby areas, said an official. Liquor production and sale are prohibited in Gujarat. Four persons were killed on the spot while another died at a hospital at Rapar. Kutch-East Superintendent of Police Parikshita Rathod said teams from nearby police stations and the local crime branch was deployed in the village to maintain peace. The deceased were identified as Jesang Rajput, Amra Rajput, Petha Bhavan Rajput, Vela Pecha and and Akhabhai. Further probe was on, the SP said.




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After flip-flops, IndiGo clarifies pay cut for senior employees will be for entire 2020-21

After announcing on Friday that it was reinstating pay cuts of up to 25 per cent for its senior employees, IndiGo airlines said it would take a decision on restoring original salary "closer to the end of this financial year". The country's largest domestic airlines had on Friday announced pay cut ranging between 5 and 25 per cent, in addition to its leave-without-pay programme for May, June and July, for senior employees. The announcement, made through internal emails, came after a series of flip-flops on the matter as India's largest domestic airline struggled to stay afloat amid grounding of all commercial passenger flights due to the coronavirus-triggered lockdown. In the emails accessed by PTI, the airline said the salary cut will be effected from May till the end of the 2020-21 financial year. It has already paid full salary of April to its employees. The airline had first announced its decision to cut salaries on March 19 when the economic fallout of the COVID-19 pandemic was ...




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Daughter of MP cop who died of COVID-19 appointed PSI

The 23-year-old daughter of a policeman who died of the novel coronavirus infection last month in Madhya Pradesh has been appointed as sub-inspector in the force by the state government, said an official on Saturday. The 59-year-old policeman, in charge of Neelganga police station in Ujjain district, died in an Indore hospital on April 21 after getting infected while performing his duty in a containment area, the official said. "Minister for Home and Health Narottam Mishra spoke to the 23-year-old woman on Saturday over phone and told her about the appointment as PSI as announced by Chief Minister Shivraj Singh Chouhan. She is likely to join duty next week," a state public relations department official said.




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Partnerships for a Cleaner "South"


Tackling the globalization of waste requires new partnerships that span national boundaries and different sectors of society, says Ravi Agrawal.




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India's missteps at Copenhagen


The contrast between the stand taken by India at Copenhagen and at the earlier UN Earth summit in Rio de Janeiro in 1992 couldn't have been starker, writes Darryl D'Monte.




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Trade rules and what they eclipse | The Supreme Court just made it easier for you to save lives; here’s how!


In this edition, we celebrate the International Women's Day by bringing out inspiring stories of Soni Sori and the girl footballers from Chennai. We also look into why India's solar mission is in dispute with WTO, the Good Samaritan guidelines that are made compulsory now, and more.




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Alang shipyard: Pushing more than ships to their graves


The ship-breaking yard of Alang in Gujarat, which brings millions of dollars into the state, wreaks heavy environmental damage and endangers thousands of labourers. Ramesh Menon, who first visited the yard in the early eighties, finds very little has changed over the decades.




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Graveyard of ships struggles to survive


World's largest ship-breaking yard at Alang is crumbling as the EU Commission and the Supreme Court are now putting pressure to get them to create modern environmentally friendly facilities. If they do not do it, the graveyard of ships will die says Ramesh Menon.




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GM crops and foods: SC notice on PIL


India Together




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Nukes in favour, crops downgraded


The Green Revolution was a publicly owned technology, but the current version is its opposite; processes, products, and research methodologies are caged in patents and the farmer has little say or control. But chasing nuclear stardom, India has once again sacrificed agriculture, writes Suman Sahai.




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Is Bt-based resistance collapsing?


Studies from China and the US show the limitations of Bt-based resistance. The bollworm evolves to resist the toxin eventually, and a number of secondary pests remain unaffected. Suman Sahai argues that this is not really a workable strategy except in the first few years.




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Kalpsar: a lake of wishes?


If wishes could be horses, then the Gujarat government would turn wishes into lakes too, reports Himanshu Upadhyaya.




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New federal roadmaps


Powerbrokers and opposition parties chip away at New Delhi's dominance in Centre-state relations, forcing changes to Article 356 and rules for labour. Prasenjit Maiti reports.




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Can educated MPs do more for education?


Basic education and subsequent employment opportunities are issues that India has continued to grapple with. Could highly educated parliamentarians necessarily drive these forward? Tanvi Bhatikar analyses findings of a recent voters’ survey in search of an answer.




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Why Clothing Sizes Are Broken and What Startups Are Doing to Fix the Problem

Clothing sizes are broken and as shopping has shifted online, the problem has worsened. WSJ retail reporter Suzanne Kapner breaks down the issue and explains what startups are doing to solve it. Photo: oonal/Getty Images




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'MLAs & MPs better think beyond caste'

In 2007, Mayawati won extensively in OBC strongholds and lost in some SC ones — those who voted for her were actually voting someone else out




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SC keeps door open on negative voting


A two-judge bench of the Supreme Court has referred the question of whether voters should have the option to declare their lack of confidence in all the candidates on a ballot to a Constitution bench. Kannan Kasturi reports.




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Rating our MPs: A few ground truths


What should be the yardstick of performance for our leaders in the Lok Sabha? Should they be held accountable for issues of governance in their local constituencies, or their legislative record in parliament? Kishore Mandyam explains his stance.




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Women MPs: At par, but rare still


Mainstream political parties do not give sufficient opportunity to women so that their representation has remained poor. Voters, however, view them as equal performers, as a recent survey has shown. Prabhu Mallikarjunan presents some interesting findings on the issue.




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Today's Apps: Joke Or Real Deal?

Its getting tougher to tell the difference between a joke and a real app in Silicon Valley. Some apps which begin as spoofs, like "Jotly", are getting serious attention, as WSJ's Andy Jordan finds out.




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Laptop Webcam Showdown: MacBook Air? Dell XPS? They’re Pretty Bad

In our coronavirus-tainted world, we’re realizing that we depend a lot on our laptop webcams… and they’re not good. WSJ’s Joanna Stern compared the new MacBook Air to the Dell XPS 13, Google’s Pixelbook Go and Microsoft’s Surface Laptop 3.




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How Coronavirus-Tracking Apps Work

Public health authorities, developers and tech companies are working on apps to help us keep track of who we came in contact with and where we’ve been to aid in Covid-19 contact-tracing efforts. WSJ’s Joanna Stern explains the technologies using an 8-bit video game.




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Going upstream on the Energy Road


How does one go about saving energy during construction or in the lifetime of a building when we live in it? A lot of this has to do with your being sensitized to this concept of 'embodied energy', writes Chandrashekar Hariharan.




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Fighting the ISIS: Why India should measure its steps


The Indian defence minister’s recent interactions indicate an overt leaning towards military action against ISIS under the UN flag. While it may not be difficult to explain this stance, or even find apparent justification for it, there is a need for a more cautionary approach, says Firdaus Ahmed.




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CAG audits of PSUs must stay


By framing the debate as one of protecting the 'autonomy' of PSUs from 'microcontrol by government', some pink papers are trying to confuse readers into thinking that CAG audit is a governmental intervention, which it is not. The CAG's role is constitutionally enshrined for ensuring accountability of PSUs, writes Himanshu Upadhyaya.