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How SMEs can negotiate well and win business

Preparation is the key to winning. Having adequate information, ability to influence, and the resources can work as the power to turn the negotiation in one's favor.




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Hallmarking of gold jewellery mandatory now. Here's what you need to know

The way you buy gold changed from January 15 as hallmarking has now become mandatory. There are four components that you should look for on the hallmarked gold jewellery to ensure the purity of gold. Here is a look at each of them in detail.




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Akshaya Tritiya: Kalyan Jewellers takes online route

Customers can purchase the precious metal from two grams upwards following which a gold ownership certificate would be sent to them on the day of Akshaya Tritiya based on the customer recommended platforms.




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5 compact, powerful smartphones

Mobile phone manufacturers are focusing on increasing the screen size of devices. However, if you are someone who prefer a more compact phone, ET Wealth rounds up some of the best options.




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ICICI Bank moratorium on debit card EMIs: All questions answered

ICICI Bank, along with issuing details on availing the moratorium on loans and credit card dues, also issued a set of FAQs on moratorium for equated monthly instalments (EMIs) taken on debit cards.




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SBI's 1-year FD is offering lower interest rate than some banks' savings accounts

Apart from small finance banks, certain private banks are also offering higher interest rate on savings accounts. Banks offering higher interest rates on savings account comes with certain conditions.




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Sleep Well, Sleep Tight

Scientists recently found that during sleep, neural connections are loosened and memories removed. This helps in increasing mental activity.




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Weak currency makes Asia-Pacific cities cheaper for expats: Survey

In India, Mumbai has emerged as the most expensive city for expatriates and was ranked 118 in the Index. Last year Mumbai was ranked 114th on the list.




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10-year benchmark bond yields fall 14 bps more this week to hit levels last seen in 2009

A hike in taxes on fuels, which will add to government’s revenue, helped lift sentiment.




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YES moratorium: Credit firms can retain ratings of borrowers who couldn’t pay in March

The non-state lender on its part is not reporting such customers to these institutions.




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The Power of Ideas

Most of us are a lot like those monkeys. On the upside, we learn from one another, we don’t let down our mates, and we get along.




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You may be allowed to pay health insurance premium in instalments amid coronavirus outbreak

You may now get the option from your insurer to pay your health insurance premiums on a monthly, quarterly or half-yearly basis in addition to the current option of paying premiums on an annual basis amid coronavirus outbreak.




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Most H-1B employers use programme to pay migrant workers well below market wages: Report

"Among the top 30 H-1B employers are major US firms including Amazon, Microsoft, Walmart, Google, Apple and Facebook. All of them take advantage of program rules in order to legally pay many of their H-1B workers below the local median wage for the jobs they fill," said the report released by the Economic Policy Institute.




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Being the world’s best in what you do is the path to wealth. Here's how talent stacking can help

Skill stacking is the most efficient way to multiply your earning ability. Not everyone has the time, ability and resources to single-mindedly pursue one skill to perfection. However, there is a faster way.




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From pay cuts to job security, answers to six questions you have about covid and your career

If the company is planning lay-offs, start circulating your resume and talking to people in the industry without discussing it with colleagues. It is also a good idea to build a contingency fund to help you sail through in case you don’t find a job immediately.




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Stocks in news: Tata Power, GAIL and Muthoot Finance

Stocks in news: Tata Power, GAIL and Muthoot Finance





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Sensex plummets 536 pts on weak global cues, Nifty ends below 9,200; bank, IT stocks top drags

Sensex plummets 536 pts on weak global cues, Nifty ends below 9,200; bank, IT stocks top drags





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Bank, FMCG stocks drag Sensex 262 points lower; Nifty barely holds above 9,200

Bank, FMCG stocks drag Sensex 262 points lower; Nifty barely holds above 9,200





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Germany says Europe wasn't well-prepared

In a statement marking Europe Day, German Foreign Minister Heiko Maas said that initially most countries, including Germany, were focused on coping with the outbreak at home. While defending the national response as “necessary, in order to safeguard our ability to act and then also help other,” he added that the European Union had “grown in the crisis.”




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Coronavirus in West Bengal: 11 deaths, 108 fresh cases reported in last 24 hours

Coronavirus in West Bengal: 11 deaths, 108 fresh cases reported in last 24 hours





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Watch: Delhi cop wins fight against Coronavirus, receives heroic welcome

Watch: Delhi cop wins fight against Coronavirus, receives heroic welcome





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Defence Ministry signs contract with Tata Power SED for infra modernisation at 37 airfields

This is the phase two of the Modernisation of Airfield Infrastructure (MAFI) programme, the ministry said, adding that airfields of the Indian Air Force were upgraded in the first phase.




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COVID-19: Maruti Suzuki leans on Wellness Mitra App for employees' safety

​The app that complements the Aarogya Setu App has been made mandatory for all employees across the value chain, requiring them to update their health status, including close family members, on the app everyday. It has been developed to ensure safety and monitor employees' health on a real time basis.




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China names its Mars mission Tianwen-1 ahead of its planned launch this year

China on Friday named its first Mars exploration mission to be launched later this year as Tianwen-1 as it celebrated 'Space Day' to mark the 50th anniversary of the launch of the country's first satellite Dong Fang Hong-1 in 1970.




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Wall Street Week Ahead: US data deluge to underscore divide between roaring market, plunging economy

Though bleak, that number was smaller than analysts’ expectations of 22 million jobs lost.




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Discus thrower Sandeep Kumari gets 4-year ban for dope flunk

Not only Kumari's but samples of four other Indians, including 2017 Asian champion quarter-miler Nirmala Sheoran's had returned negative at NDTL but were found positive when tested in Montreal. Jhuma Khatun, one of them, was also handed a four-year ban, last month.




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Palm oil rises on lower Indonesian inventories; set to post weekly loss

Palm oil has ended lower for the past three sessions, and has lost 5% so far this week.




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Oil set for a second weekly gain on demand hopes, output shut-ins

US West Texas Intermediate (WTI) crude gained 59 cents, or 2.5 per cent, to $24.14 a barrel.




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No correlation seen between Jio investments and chances of Aramco deal: Axis Securities

‘This deal will probably give Jio access to a lot of enterprise software providers’




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Expect RIL to conduct stake sale of up to 20%: Edelweiss Securities

‘The debt will come down even further if fibre InvIT and Aramco sale happens’




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Pharma & tech cos will continue to perform well going forward: TCG AMC

‘As economic activity resumes, expect a further revival in the market in the coming months’




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Debt is going through the roof & we will pay the price: Jim Rogers

'Indian farmers could be rich if the govt would leave them alone'




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Rupee opens 7 paise lower at 71.27 against dollar

“Today, USDINR pair is expected to quote in the range of 71.05 and 71.50,” Motilal Oswal Financial Services said.




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Rupee cuts losses to end flat at 76.27 as dollar weakens

Forex traders said the rupee is trading in a narrow range as losses in the greenback supported the rupee, while weak domestic equities weighed on the local unit.




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Kalyan Jewellers to open 10 showrooms in green zones of Karnataka, Odisha, Assam and Puducherry

The company has already started operations in the Middle East, with the re-opening of 9 standalone showrooms in UAE and 3 showrooms in Qatar on the occasion of Akshaya Tritiya. Kalyan Jewellers will be following the highest level of safety and precautionary measures across operational showrooms, to safeguard the health and safety of both customers and staff alike.




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TAIPA says industry needs clarity on resuming construction, installation of new telecom towers

Tower and Infrastructure Providers Association (TAIPA) Director-General T R Dua said that during the lockdown period so far, telecom tower-related work was primarily focused on operation and maintenance activities and carrying out essential repairs and upgrades.




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TEPC wants PowerGrid to cancel deal with Fiberhome

The Indian unit of Fiberhome, a Wuhan-based producer of fibre optic, had in mid-2019 bagged a pan-India fibre-based network programme contract from PGCIL that aims to offer broadband services and resell bandwidth to public departments.




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Few takers for CIL coal despite lower floor price at e-auction

Coal India planned to auction 60% of its 75 million tonnes inventory by May-June following which four subsidiaries planned to offer 46 million tonnes under different e-auction schemes. CIL reduced floor price for bidding from 20-30% above notified price to the notified prices and bulk of the offer was to be for auctions allowing consumers to lift booked quantities over several months.




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NMDC caught between Chhattisgarh and Centre's fight over Covid-19 donations

Chief Minister Bhupesh Baghel has written to union steel minister, asking him to instruct the public-sector enterprise under his ministry to act "responsibly in a crisis". Since NMDC had "diverted the corporate social responsibility fund of people of Chhattisgarh to the newly created PM Cares fund", it could also pay up the Rs 1,023 crore it owed the state for mining violations, the letter said.




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ATM industry seeks lower GST rate, stimulus to address COVID-19 challenges

In a letter to Finance Minister Nirmala Sitharaman, the Confederation of ATM Industry (CATMi) mentioned that it has been recognised by the government as a crucial player to further the financial inclusion. The COVID-19 situation has caused a sharp decline in the ATM transactions and has posed severe business challenges to the ATM industry, the CATMi stated.




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CIL turns down power producers' request to extend timelines of coal auction for supply contracts

The third auction "is being undertaken by PFCCL (PFC Consulting) as per the IMC (Inter-Ministerial Committee) decision. The CIL's role is limited to making available the source-wise availability of coal which it has already provided to PFCCL. Therefore, other issues need to be taken up with PFCCL, being the agency responsible for conducting the auction," CIL told APP.




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Department of Justice Awards Nearly $38 Million to Reduce Crime, Improve Public Safety in West Virginia




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Department of Justice Begins First Distribution of Funds Recovered Through Asset Forfeiture to Compensate Victims of Western Union Fraud Scheme

The Department of Justice announced today that the Western Union Remission Fund began its first distribution of approximately $153 million in funds forfeited to the U.S. government from the Western Union Company (Western Union) to over 109,000 victims located in the United States and abroad. These victims, many of whom were elderly victims of consumer fraud and abuse, will be recovering the full amount of their losses.




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U.S. Repatriates over $311.7 Million in Assets to the Nigerian People that were Stolen by Former Nigerian Dictator and His Associates

The Department of Justice announced today that it has transferred $311,797,876.11 to the government of the Federal Republic of Nigeria (Nigeria) in accordance with a Feb. 3, 2020, trilateral agreement among the governments of the United States, Nigeria and the Bailiwick of Jersey (Jersey) to repatriate assets the United States forfeited that were traceable to the kleptocracy of former Nigerian dictator Sani Abacha and his co-conspirators.




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United States Reaches Settlement to Recover More Than $49 Million Involving Malaysian Sovereign Wealth Fund

The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Khadem al-Qubaisi using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg.




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Eighth Circuit Upholds Determination that Wells Fargo is Liable for Penalties for Engaging in Abusive Tax Shelter Scheme

The Eighth Circuit Court of Appeals issued a precedential opinion on Friday, April 24, 2020, affirming a district court decision that a transaction designed to generate massive foreign tax credits (referred to as the STARS tax shelter) lacked economic substance and business purpose and was subject to the accuracy-related penalty for negligence, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman and Deputy Assistant Attorney General Joshua Wu of the Justice Department’s Tax Division.




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U.S. Attorney’s Office Hosts Reentry Seminar in Tucson as Part of National Reentry Week




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SEC Awards Over $27 Million to Whistleblower

The Securities and Exchange Commission today announced an award of more than $27 million to a whistleblower who alerted the agency to misconduct occurring, in part, overseas.  After providing the tip to the Commission, the whistleblower provided…




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SEC Issues $5 Million Whistleblower Award

The Securities and Exchange Commission today announced a $5 million award to a whistleblower who provided significant information that led to a successful enforcement action.  The whistleblower provided critical evidence of wrongdoing, which helped…




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SEC Awards Over $18 Million to Whistleblower

The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose significant information prompted an examination that resulted in an important enforcement action. The whistleblower repeatedly reported the…