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Get India fully back to business, says India Inc

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.




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No 'V'-shape return from devastating US job loss, Fed policymakers say

But the economy can’t rev up too quickly, not as long as the virus is still loose.




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Lockdown: Hyundai rolls out 200 vehicles from Chennai plant on first day of resuming operations

The auto major has commenced production at its Sriperumbudur factory in Tamil Nadu adhering to 100 per cent compliance of safety and social distancing norms, Hyundai Motor India said in a statement.




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IIT professor develops software to detect COVID-19 within 5 seconds using X-ray scan

Kamal Jain, a professor at the institute's civil engineering department, claims that the software will not only reduce testing costs but will also reduce the risk of exposure to healthcare professionals. ​So far, there is no verification of his claim by a medical institution.




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India may see second wave of COVID-19 outbreak in monsoon, say scientists

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.




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How a tiny widget waylaid the world’s biggest science experiment

The tale of ITER’s missing shims shows how even the best-laid contingency plans have had to be rewritten.




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Intensive farming may increase risk of epidemics, scientists warn

The scientists, including those from the University of Sheffield in the UK, said overuse of antibiotics, high animal numbers, and low genetic diversity caused by intensive farming techniques increase the likelihood of these pathogens becoming a major public health risk.




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CSIR submits 53 genome sequences of coronavirus to global body; to share 450 more by May 15

CSIR's Institute of Genomics and Integrative Biology (IGIB), Delhi, Centre for Cellular and Molecular Biology (CCMB), Hyderabad and Institute of Microbial Technology, Chandigarh are currently sequencing the genomes of the novel coronavirus, he said. Other CSIR institutes are also expected to join the process.




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10-year benchmark bond yields fall to 2009 level, may reverse on higher borrowing plan

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




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Discussed decision to shut 6 MF schemes with Sebi, says Franklin Templeton

This is the first instance when a fund house is shutting its schemes because of coronavirus related pandemic.




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Mahindra Holidays posts Rs 161.51 crore loss in Q4

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




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Manohar may continue as ICC chairman for 2 extra months, Graves favourite to take over

In all likelihood, England and Wales Cricket Board (ECB) chairman Colin Graves will replace the former BCCI president, who, it is learnt, has decided against seeking an extension for a third two-year-term.




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No play on the field, sports firms go digital

Firms like IOS Sports & Entertainment, Baseline Ventures, Cornerstone Sports & Entertainment are all looking at new digital options to capitalise on their clients’ reach and popularity using online channels.




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Plan to resume national camps shut due to COVID-19 from May end: Sports Minister

Sports Minister Kiren Rijiju on Sunday said his ministry is devising a plan for phase-wise resumption of national camps for Olympic-bound athletes by the end of this month.




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Commodity outlook: Energy counters slip; here's how others may fare

Here is how SMC Global expects commodities to fare today:




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From CSMT to Howrah junction, Indian railway stations that are tourist attractions in their own right

Railways stations that are India's pride.




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Why Papad's popularity in Indian cuisine won't fade away

We may no longer dry papads at home in summer, but this uniquely Indian product deserves to be celebrated.




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Amazon says focus on original content to light up FireStick sales

Amazon Fire TV Stick is a content streaming device that plugs into an HDTV and lets customers access Prime Video and other OTT services such as Netflix and Hotstar.




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If you think way to normalisation will be very short, that's a mistake: Lakefield Partners

'Investors are hoping that we will go back to normal, as it was before corona'.




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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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A falling yen may not be the economic cure Japan seeks

The yen, which investors typically snap up as a safe haven in times of financial market stress, fell nearly 10% against the dollar this month, as pandemic fears spurred a stampede into the refuge of the world's most powerful currency.




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Investments in construction projects may drop by 30 pc in FY20 if lockdown extends till June

According to the consulting firm KPMG, in comparison to the economic crisis of 2008, the government now has limited options to undertake corrective interventions owing to the financial stress which was already prevalent in the pre-COVID-19 period.




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Road contractors may get more time for project execution: Ministry

The highway ministry is examining the issue faced by the contractors and could unveil steps for their resolution soon, two senior officials told ET. Toll road operators will also be compensated for loss of business on account of fall in traffic and toll exemption, they said.




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Railways orders comprehensive probe into Aurangabad accident

The Railways has ordered a comprehensive probe into the Aurangabad accident in which 16 migrants workers who were sleeping on the tracks were mowed down by a goods train early on Friday.




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Railways ferried over 2.5 lakh people stranded during lockdown in 222 special trains: MHA

​​Addressing a press conference, MHA Joint Secretary Punya Salila Srivastava said the government intends to give relaxations to people within the lockdown guidelines. These trains are part of this endeavour, she said.




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

The country's largest domestic airlines had on Friday announced pay cut ranging between 5 and 25 per cent.




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3.4 lakh workers ferried in 302 Shramik trains since May 1

Shramik special trains were run from May 1 on the request of different state governments. The railways has suspended passenger, mail and express trains to combat the spread of novel coronavirus (Covid-19) since March 24.




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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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States get Rs 102.7 crore as upfront payment for coal mines

The amount towards upfront payment to the coal-bearing states i.e. Chhattisgarh, West Bengal, Madhya Pradesh and Odisha was sanctioned, an official said.




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U.S. Repatriates $300 Million to Malaysia in Proceeds of Funds Misappropriated from 1Malaysia Development Berhad

The Department of Justice announced today that it has repatriated to Malaysia approximately $300 million (RM 1.292 billion) in additional funds 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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Bank Hapoalim Agrees to Pay More Than $30 Million for Its Role in FIFA Money Laundering Conspiracy

Bank Hapoalim B.M. (BHBM), an Israeli bank with international operations, and its wholly owned subsidiary, Hapoalim (Switzerland) Ltd. (BHS), have agreed to forfeit $20,733,322 and pay a fine of $9,329,995 to resolve an investigation into their involvement in a money laundering conspiracy that fueled an international soccer bribery scheme.




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Fayetteville Doctor Arrested On Charges Of Wire Fraud, Mail Fraud, Making False Statements, And Involuntary Manslaughter




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Assistant Attorney General Eric Dreiband Delivers Remarks at the Veterans Day Roundtable

Good afternoon and thank you for coming here today. My name is Eric Dreiband and I serve as the Assistant Attorney General for Civil Rights here at the U.S. Department of Justice.




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Attorney General William P. Barr's Statement on Missing and Murdered American Indians and Alaska Natives Awareness Day




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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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Statement from Assistant Attorney General Stephen E. Boyd Expressing Support for Congressional Efforts to Expedite Payment of Public Safety Officer Benefits to First Responders Who Contract COVID-19

Assistant Attorney General Stephen E. Boyd issued the following statement in support of efforts to streamline payments under the Public Safety Officer Benefit Program (PSOB) to public safety officers fatally injured while working during COVID-19:




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South Florida Business Owner Sentenced to 24 Months in Prison for Not Paying $10.8 Million in Employment Tax Withholdings

A Miami, Florida, business owner was sentenced to 24 months in prison today for failing to pay over employment taxes, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Ariana Fajardo Orshan for the Southern District of Florida.




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Federal Court Orders Texas Home Health Care Services Company to Pay Employment Taxes

On March 18, a federal court ordered El Mundo Feliz, a Partnership (El Mundo), and Daniel Martinez Jr. to begin paying employment taxes to the United States on a timely basis, the Justice Department announced today.




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Israel’s Largest Bank, Bank Hapoalim, Admits to Conspiring with U.S. Taxpayers to Hide Assets and Income in Offshore Accounts

Jeffrey A. Rosen, the Deputy Attorney General of the United States, Richard E. Zuckerman, the Principal Deputy Assistant Attorney General of the Justice Department’s Tax Division, Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and Don Fort, the Chief of the Internal Revenue Service, Criminal Investigation (IRS-CI), announced today the guilty plea of Bank Hapoalim (Switzerland) Ltd. and filing of criminal charges against Bank Hapoalim B.M. for conspiring with U.S. taxpayers and others to hide more than $7.6 billion in more than 5,500 secret Swiss and Israeli bank accounts and the income generated in these accounts from the Internal Revenue Service (the IRS).  BHS’s Chief Executive Officer appeared on behalf of the bank to enter the guilty plea before U.S. District Judge Mary Kay Vyskocil.




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Justice Department Files Brief to Address Automatic Suspensions of Driver’s Licenses for Failure to Pay Court Debt




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Cantor Fitzgerald Agrees to Pay $3.2 Million to Settle Charges for Providing Deficient Blue Sheet Data

The Securities and Exchange Commission today announced that Cantor Fitzgerald & Co. has agreed to pay $3.2 million to settle charges for providing the SEC with incomplete and inaccurate securities trading information known as “blue sheet data.”…




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Small Business Capital Formation Advisory Committee to Discuss the SEC’s Capital Formation Proposal on May 8

The Securities and Exchange Commission today released the agenda for the Friday, May 8 meeting of its Small Business Capital Formation Advisory Committee, which will be hosted via video conference. The Committee will discuss the Commission’s recent…




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SEC Investor Advisory Committee to Meet Virtually on May 21

The Securities and Exchange Commission's Investor Advisory Committee will hold a public meeting on May 21, 2020 by remote means.  The meeting will begin at 10 a.m. ET, is open to the public via live webcast, and will be archived on…




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Grayson County Woman Sentenced for Wire Fraud Conspiracy

Rosemary Wolf pleaded guilty on June 12, 2019, to conspiracy to commit wire fraud and was sentenced to 51 months in federal prison by U.S. District Judge Amos L. Mazzant on Jan. 2, 2020.




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Finance of America Reverse Agrees to Pay $2.47 Million to Resolve Alleged Liability for FHA-Insured Reverse Mortgage Lending Violations




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MiMedx Group Inc. Agrees to Pay $6.5 Million to Resolve False Claims Act Allegations of False Commercial Pricing Disclosures




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New Jersey Chiropractor Agrees to Pay $2 Million to Resolve Allegations of Unnecessary Knee Injections and Knee Braces and Related Kickbacks




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Pentax Medical Company Agrees to Pay $43 Million to Resolve Criminal Investigation Concerning Misbranded Endoscopes




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Contract Rehab Provider to Pay $4 Million to Resolve False Claims Act Allegations Relating to the Provision of Medically Unnecessary Rehabilitation Therapy Services




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Louisiana Department of Children and Family Services Agrees to Pay Over $3.9 Million to Resolve False Claims Act Liability in Connection with SNAP Quality Control