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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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SBI Cards IPO subscribed over 15 times

Receives bids for 155.35 crore shares




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SBI Cards IPO subscribed over 22 times

Receives bids for 225.08 crore shares




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SBI Cards IPO subscribed 22.45 times

Receives bids for 225.09 crore shares




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On-Site Child Care: It's Paying Off at Clif Bar

Clif Bar & Co. is among only 5% of U.S. employers that offer a child care center on-site or near its offices. Kate Torgersen, an 18-year employee, explains how bringing her three children to the company's "Base Camp" child care center has benefited her as a working mother. Photo: Tim Hussin for The Wall Street Journal




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RBI Employees contribute ₹7.30 crore to PM CARES Fund

The employees of the Reserve Bank have decided to contribute one or more day's salary to the PM CARES Fund, in response to the call to support during the emergency situation. The total contribution from the employees amounting to ₹7.30 crore is being remitted to the PM CARES Fund. The COVID-19 pandemic and the related dislocation in normal economic activity has severely affected the economically weaker sections of the society and their means of livelihood. To help the people affected by any kind of emergency or distress situation, like the one posed by the COVID-19 pandemic, Government of India has set up a public charitable trust named Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to receive contributions from various sources.




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Employees of EPFO contribute Rs 2.5 crore to PM CARES fund

The employees of Employees Provident Fund Organization (EPFO) have come forward to support the Government's initiative in combating national crisis of COVID-19 pandemic and voluntarily contributed one day's salary- amounting to around Rs. 2.5 crore to the PM CARES Fund. EPFO, as one of World's largest Social Security Organizations, stands committed in the service of the nation in every possible way. The COVID-19, declared as a pandemic by the World Health Organization, has posed serious challenges for the health and economic security of millions of Indians. Government of India has set up a public charitable trust under the name of 'Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund' (PM CARES Fund) with the primary objective of dealing with any kind of emergency or distress situation. Officers and staff of EPFO are also contributing by putting in extra efforts for providing relief by expeditiously processing EPF withdrawal claims including COVID claims under




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Procter & Gamble Hygiene and Health Care standalone net profit rises 1.10% in the March 2020 quarter

Sales decline 6.19% to Rs 656.05 crore




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SBI Card & Payment Services standalone net profit declines 66.41% in the March 2020 quarter

For the full year, net profit rose 43.91% to Rs 1244.82 crore in the year ended March 2020 as against Rs 864.97 crore during the previous year ended March 2019




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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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Cadila Healthcare rises after USFDA nod on Deferasirox tablets

Cadila Healthcare gains 0.11% to Rs 321.95 after the company said it received final approval from US drug regulator for Deferasirox tablets for oral suspension.




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SBI Card Q4 PAT tumbles 66% on Covid-19 provisions

SBI Card's net profit jumped 43.9% to Rs 1244.82 crore on a 33.8% rise in total income to Rs 9752.29 crore in the year ended March 2020 (FY20) over the year ended March 2019 (FY19)




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Carlyle Group to buy 74% stake in SeQuent Scientific

The US-based private equity investor will buy shares at Rs 86 each and the transaction is expected to close in the third quarter of 2020.




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Legislation introduced in Congress to give Green Cards to foreign nurses and doctors

US lawmakers have introduced a legislation in Congress to give unused green cards or permanent legal residency status to thousands of foreign nurses and doctors to meet the urgent needs of the overstretched healthcare sector in the country. The Healthcare Workforce Resilience Act would allow for recapturing green cards that were approved by Congress but unused in past years, allowing thousands of additional medical professionals to serve permanently in the United States. The legislation would send green cards to 25,000 nurses and 15,000 doctors during the COVID-19 pandemic and ensure that places like Iowa have the professionals they need to serve patients for years to come, a media release said. The move is likely to benefit a large number of Indian nurses and doctors, who are either on H-1B or J2 visas. In the House of Representatives, it has been introduced by lawmakers Abby Finkenauer, Brad Schneider, Tom Cole and Don Bacon. The bipartisan Senate companion bill is led by Senators ..




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NASCAR's empty-oval return means lost races at three tracks

American stock car auto racing's comeback later this month from the coronavirus pandemic will cost three tracks their 2020 season races with more schedule adjustments coming soon. That was the word Friday from the National Association for Stock Car Auto Racing (NASCAR), the closed-cockpit series that is the most popular form of US auto racing. Races at Sonoma, California; Joliet, Illinois and Richmond, Virginia were named those moved to ovals without spectators this month to jumpstart the US revival of sport in the wake of the coronavirus pandemic shutdown. Sonoma Raceway officials said the road course tried to find a new date to replace June 14 but couldn't "given the ongoing uncertainty around large events in California." It will be staged instead on May 27 at Charlotte Motor Speedway, which will host a regularly scheduled race three days earlier in what will essentially be made-for-television events. A planned June 21 race at Chicagoland will be the May 17 comeback event at ...




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COVID-19: Legislation introduced in Congress to give Green Card to 40,000 foreign nurses, doctors

Several American lawmakers have introduced a legislation in Congress to offer the 40,000 unused green cards to thousands of foreign nurses and doctors to meet the urgent needs of the overstretched healthcare sector in the US, the worst hit nation by the coronavirus pandemic. The US has nearly 1,284,000 cases of confirmed COVID-19 cases and over 77,000 people have died due to the highly contagious disease. The Healthcare Workforce Resilience Act would allow for recapturing green cards that were approved by Congress but unused in past years, allowing thousands of additional medical professionals to serve permanently in the United States. The legislation would send green cards to 25,000 nurses and 15,000 doctors during the COVID-19 pandemic and ensure that states like Iowa have the professionals they need to serve patients for years to come, a media release said. The move is likely to benefit a large number of Indian nurses and doctors in the US, who are either on H-1B or J2 visas. The ..




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Flights from Riyadh, Bahrain carrying stranded Indians reach Kerala

Two flights carrying a total of 335 people from the Gulf countries landed in Kerala's two airports on Friday night, as India's Vande Bharat Mission to bring home its nationals stranded due to COVID-19 lockdown in various countries entered second day. While an Air India repatriation flight from Riyadh carrying 153 passengers, including 84 pregnant women, 22 children and four infants landed at the Kozhikode airport 8 pm on Friday night, another Air India Express flight from Bahrain with 177 passengers, including 5 infants, reached Kochi airport at 11.32 pm. Two flights had landed at Kochi and Kozhikode on Thursday from Abu Dhabi and Dubai, respectively. According to Kozhikode airport sources, the flight from Riyadh carried five people having some health issues and they would be shifted to Manjeri and Kozhikode medical college hospitals. Ten passengers from neighbouring states of Karnataka and Tamil Nadu also travelled in the flight from Riyadh, the sources said. The passengers were ...




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Train from Chennai carrying 1,200 stranded people of Manipur to reach Jiribam on May 12

At least 1,200 people from Manipur stranded in Chennai will be brought back in a special train that will reach Jiribam at the state's border with Assam on May 12, Chief Minister N Biren Singh said. The train will start from Chennai later on Saturday, he said in a video message on Friday night. From Jiribam they will be brought to Imphal, around 200 km away, in special buses, Singh said. All of them will have to undergo isolation at the institutional quarantine centres set up at schools and colleges with the assistance of local MLAs and other organisations. Singh said that they will undergo full medical checkup before leaving Chennai and will further undergo check-up, including thermal screening, after reaching Jiribam. The cost of ferrying the stranded people from Chennai to Jiribam is around Rs 12,00,600, while the cost of transporting them in 50 buses is around Rs 1,05,000, Singh said. Two other special trains carrying migrants will also depart from Punjab and ...




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Truck carrying fodder damaged in fire on Jammu-Pathankot highway

A truck carrying fodder was damaged in a fire on Jammu-Pathankot highway in Samba district of Jammu and Kashmir on Saturday, police said. The truck reached Pla-Morh from Punjab and was being unloaded when it suddenly caught fire as the driver tried to move it forward, a police official said. He said fire and emergency services personnel rushed to the scene and put out the blaze. The truck was completely damaged but its driver escaped unhurt, the official said.




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Delhi HC declines to entertain plea to link metro card with address proof

A plea seeking linking of a metro card or token with a commuter's address proof was not entertained by the Delhi High Court as no representation about the issue had been made to the DMRC before moving the court. A bench of justices Manmohan and Sanjeev Narula disposed of the plea, but gave petitioners liberty to move a representation before the Delhi Metro Rail Corporation (DMRC) on the issues raised in the plea. In case the petitioners move a representation to the DMRC, it is supposed to dispose of the plea within four weeks by a reasoned order after taking inputs from authorities concerned. The petitioners had contended in their plea that it should be mandatory for metro travellers to provide proof of their identity and address while purchasing metro cards or tokens to establish ownership in case such items are lost. They also contended that in the prevalent situation of coronavirus pandemic, the DMRC should be aware about the details of commuters as it will help in preventing ...




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Realtors body Credai reports 40-50 pc hike in cement, steel prices; alleges cartelisation

Realtors' apex body Credai on Saturday said cement and steel rates have increased by 40-50 per cent in last few weeks despite the lockdown and alleged price cartelisation and unfair trade practices by the manufacturers. The association has written a letter to Minister of Housing and Urban Affairs Hardeep Singh Puri seeking his intervention in the matter. "We would like to bring your attention to the cartelization by the cement and the steel manufacturers by imposing a sudden increase in their selling price," Credai said in the letter. Across various states, there has been an increase of Rs 100-250 per bag cement and about Rs 2,000-2,500 per tonne of steel, it added. During the past few weeks, there has been a sudden, steep increase in prices of essential raw materials such as cement and steel by 40-50 per cent despite the nationwide lockdown. The Centre has allowed construction work on sites where labourers are already available. Given the current crisis faced by the real estate ...




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HLL Lifecare floats tender for over 1 lakh units of medical supplies for COVID-19 testing

Healthcare firm HLL Lifecare on Saturday said its arm HLL Infra Tech Services has floated a tender seeking supply of over 1 lakh units of medical supplies towards COVID-19 testing on behalf of the Indian Council of Medical Research (ICMR). "The tender is seeking quotations for 40,000 units of viral transport media, 33,000 RNA extraction kits and 29,000 Combo RT-PCR COVID-19 tests," HLL Lifecare Ltd said in a statement. The tender is closing by May 10, the state-owned company added. "The viral transport media is used for transport of swabs collected for testing, RNA extraction kits are used to draw out RNA, which are single strand genetic materials of viruses, from samples which are then converted into reverse-transcribed into DNA while Combo RT-PCR tests has proven to be the 'gold standard' of COVID-19 diagnosis,"it said. HLL Lifecare is the procurement agency for hospitals and healthcare organisations under the Ministry of Health and Family Welfare.




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Accused of being coronavirus carrier, man thrashed in UP's Aligarh; six booked

A 25-year-old man was thrashed and left unconscious with serious injuries on suspicious of being a coronavirus carrier' in Uttar Pradesh's Aligarh. The incident took place on Friday evening outside a chemist shop in the Shivpuri locality of Aligarh. Police have booked six people in this regard. Abdul Samad fell unconscious after the accused attacked him, alleging that he was a coronavirus carrier', police said on Saturday. He was rushed to Malkhan Singh District Hospital by members of his family who arrived at the spot after people raised an alarm. According to the victim's father Laiqur Rehman, Samad was feeling dizzy after his Ramzan fast on Friday night. He had gone to a chemist shop in the neighbourhood to purchase some medicine where he was accosted by some people, who abused and beat him up without any provocation. Had not the family rushed him to the hospital, the injuries could have been fatal, the father claimed. Samad is now out of danger and has been referred to Jawaharlal .




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On-Site Child Care: It's Paying Off at Clif Bar

Clif Bar & Co. is among only 5% of U.S. employers that offer a child care center on-site or near its offices. Kate Torgersen, an 18-year employee, explains how bringing her three children to the company's "Base Camp" child care center has benefited her as a working mother. Photo: Tim Hussin for The Wall Street Journal




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Cart before the horse


Videh Upadhyay reviews the predicament of the Interlinking Rivers project.




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Furore over EU carbon tax plans


The European Union is determined that even as it makes plans to reduce its own carbon emissions, it must act to curb the polluting actions of other countries too. Developing countries, however, see this as an indirect trade restriction, devoid of justice. Darryl D'Monte reports.




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Shifting goalposts as summit winds down | Surviving stigma: HIV care and the aftermath


In this edition we have reports on the recently concluded Paris Climate Change Conference by Darryl D'Monte who was in Paris. We also look at the shocking realities faced by AID patients and their families, how CAG is in trouble in Delhi for auditing three power distributors, will the Sustainable Development Goals of UN achieve what the Millennium Development Goals failed to do and much more.




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Hill women no longer panic over water scarcity


In many part of rural India, women spend most of their time walking long distances to collect water for their household's needs. Nitin Jugran Bahuguna visits the Himalayan state of Uttarakhand where the women no longer have to worry about fetching water from long distances thanks to an intervention that has brought potable water right to their doorstep.




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Six months for a job card?


A performance audit of NREGS implementation in Karnataka reveals several anomalies, delays and variance with what had been envisaged; yet, 60 per cent of surveyed beneficiaries report a positive impact on their lives. Himanshu Upadhyaya presents a summary of key findings from the audit.




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Behind the Wheel of the First Car Ever Called Porsche

The world’s first Porsche, built in Nazi-era Germany, is going up at auction. WSJ’s Dan Neil got to take the 1939 Type 64 Berlin-Rome Rennwagon for a drive. Photo: Jack Schroeder Courtesy of RM Sotheby’s




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Turo, the ‘Airbnb for Cars’, Angers Rental Car Companies

Turo lets individuals rent their personal vehicles. Some “hosts” are building businesses at airports that major car rental companies slam as unfair competition. WSJ’s Jason Bellini reports. Photo: Jake Nicol/The Wall Street Journal




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Carlos Ghosn Details Why He Escaped Japan

Former automotive executive Carlos Ghosn said he "fled injustice" in Japan. WSJ's Chip Cummins explains what Wednesday's crowded press conference in Beirut tells us about Mr. Ghosn's next steps. Photo: Maya Alleruzzo/Associated Press




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Danica Patrick Discusses Her Post-Nascar Life as an Entrepreneur

Retired Nascar driver Danica Patrick talks to WSJ's Lee Hawkins about her post-racing life as an entrepreneur, which has taken her into the wine, clothing, and cooking businesses, while also maintaining an endorsement relationship with GoDaddy.




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Viktor & Rolf Design Dresses For — And Of — The Red Carpet

Viktor & Rolf may be the only designers to have sold items from their haute couture collection this season before even showing it on the runway this week.




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Runway Recap: Carolina Herrera, Mary-Kate and Ashley Olsen, Polo in the Park and more from Day 5 of NYFW

GoPros on the runway at Rag & Bone, a 4-D fashion show at Ralph Lauren and more from the tech-heavy fifth day of New York Fashion Week.





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At MasterCard, Finding a Signature Style: Priceless

At MasterCard’s New York City tech hub in the Flatiron District, a mix of business and startup sensibilities informs office style, whether it’s hoodies, tailored jackets or the occasional bow tie.




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WSJ's John Carreyrou: Reporting on Theranos and Elizabeth Holmes

Wall Street Journal investigative reporter John Carreyrou recounts some of the more unusual experiences he had while uncovering the story of Theranos's business practices.




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Renault-Nissan-Mitsubishi Merger an Option, Carlos Ghosn Says

Speaking at The Wall Street Journal's D.Live conference in Hong Kong, Renault-Nissan-Mitsubishi Chairman and CEO Carlos Ghosn said a merger within the group is one option to prepare the company for future challenges.




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Hershey CEO: Be Careful About Changing Iconic Brands

Hershey Chief Executive Michele Buck said food companies have to be careful about tinkering with beloved brands to make them healthier. She is joined by Wall Street Journal reporter Annie Gasparro. Photo: Gabe Palacio for The Wall Street Journal




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Government Investment in the Electric Car

Renault-Nissan Alliance CEO Carlos Ghosn talks with WSJ Deputy Managing Editor Alan Murray about the role of government support and subsidies in the future of the electric car.




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Barron's Buzz: Machine-Driven Market, Oil, E-Cars

Senior Editor Jack Hough looks at the latest issue. About 90% of market volume is money pouring into index funds and formula-driven funds. What that means for ordinary investors. Oil could be headed to $60. We have stock picks for energy investors. And how to invest electric cars while avoiding risk? Consider shares of Borg Warner.




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Corruption: Do we really care?


Did corruption as an issue only create noise, or did it really impact voter choice in the 16th Lok Sabha elections? Prabhu Mallikarjunan finds that the answer may not be very straighforward or simple.




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Zipcars As People?

With Avis Budget's announcement that it is acquiring Zipcar, WSJ's Andy Jordan looks at Zipcar's "personalization" strategy, which encourages users to refer to the cars by name and see them as their own.




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Pricing carbon correctly


Under the Kyoto Protocol, it is possible for developed countries to simply buy off the cost of their pollution from less developed economies that do not put out their permitted quota of harmful substances into the atmosphere. This mechanism is fraught with both moral and practical difficulties, writes Darryl D'Monte.




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Discarding veils, embracing change


Displaying extraordinary grit, courage and openness to change, women from some of the most feudal communities in Rajasthan's villages are changing the rules forever and leading development and local governance at the grassroots. Abha Sharma brings us their tales.




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When expecting mothers fight graft to secure prenatal care


In Jahangirpur Gram Panchayat of Bihar’s Kishanganj district, Rs 30 lakh meant for pregnant Muslim women had already been misappropriated, when a community-driven project launched by Oxfam decided to tackle the corruption head on. Ajitha Menon reports.




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Scars of the Green Revolution


Sick soils, declining yields, growing debts and rising malnutrition stalk the Punjab farmer, as the practices of the boom years catch up with him, writes Bhaskar Goswami.




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Carts, kiosks and Indian retail


A number of implicit and explicit constraints influence the extent to which carts and kiosks work as avenues of creative entrepreneurship. Varupi Jain compares the Indian scenario with that in the US, and notes cultural and social realities that shape the Indian experience.