Some with direct connections to political dispensations could face heat; others considered close to the winning party could expect good times

BJP wins in Assam, opens account in Kerala; Congress loses two states; Left sweeps Kerala; Mamata decimates Opposition in West Bengal

Sonowal to take oath in Assam on Sunday, Mamata in West Bengal on May 27

28 others, including her trusted lieutenant and Finance Minister in outgoing Cabinet O Panneerselvam, to also take oath

Kerala's ministers had least average assets and the state also had least number of crorepati ministers

It usually only takes such a harsh step when there is evidence that muscle power has been used

Officials said a better indicator of productive and general expenditure will be replacing the plan and non-plan distiction that has lost relevance post Planning Commission abolition

The government had in September scrapped the 92-year old practice of presenting a separate railway budget

From the next financial year, the railways will not have to pay any dividend, which will save the carrier approximately Rs 10,000 cr

But rail officials expect to achieve at least last year's actual, which is close to Rs 1 lakh crore

26% bridges are over 100-year old, 5% crossed 140 years

The investors are looking for a safety fund for Railways

Government will continue to use the ETF route for disinvestment of PSUs

Railway authorities termed listing of these companies as a 'shocker'

Prabhu spoke about priority being given to safety and need for more funds for railways to move ahead

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

Finance Minister Arun Jaitley in his second budget is likely to focus on steps to accelerate economic growth

Real annual GDP accelerated in Jul-Sept to 7.4% from 7%. But, growth of nominal GDP slowed sharply to 6%

South India constitutes nearly 60% of India's plantation sector

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

Minister says UDAY scheme will itself help save Rs 1.8 lakh crore annually within next three years

Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets

Bahl's company has been in the middle of some firefighting over reports on how there are efforts to downsize as cash is depleting

Cyient skid 7.32% to Rs 214.75 after consolidated net profit slumped 58.26% to Rs 45.20 crore on a 2.92% decline in net sales to Rs 1,073.60 crore in Q4 March 2020 over Q3 December 2019.

Dr. Reddy's Laboratories jumped 4.84% to Rs 4020 after the company said its manufacturing plant at Srikakulam in Andhra Pradesh received the Establishment Inspection Report (EIR) from US drug regulator.

The domestic equity barometers traded near the day's high in morning trade. The Nifty was trading above the 9300 mark. Buying in index major Reliance Industries (RIL) pushed the benchmarks higher. At 10:29 IST, the barometer index, the S&P BSE Sensex, was up 441.29 points or 1.40% at 31,884.67. The Nifty 50 index rose 122.10 points or 1.33% at 9,321.15.

Gillette India fell 1.13% to Rs 4,934.50 after net profit slumped 40.31% to Rs 52.38 crore on a 12.66% drop in net sales to Rs 406.57 crore in Q3 March 2020 over Q3 March 2019.

Biocon gained 1.82% to Rs 356 after the company said it received establishment inspection report (EIR) for small molecules API manufacturing facility in Bengaluru.

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.

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.

IndusInd Bank Ltd is quoting at Rs 461.45, up 1.56% on the day as on 12:54 IST on the NSE. The stock is down 68.75% in last one year as compared to a 17.57% slide in NIFTY and a 31.78% slide in the Nifty Bank index.

Procter & Gamble Hygiene & Health Care rose 0.27% to Rs 10190.15 after net profit rose 1.1% to Rs 91.10 crore on 6.2% decline in net sales to Rs 656.05 crore in Q3 March 2020 over Q3 March 2019.

Laurus Labs slumped 8.86% to Rs 445.50 on the BSE.

In the broader market, the S&P BSE Mid-Cap index was up 0.22% while the S&P BSE Small-Cap index down 0.1%.

Healthcare Global Enterprises Ltd, Ganges Securities Ltd, Pritish Nandy Communications Ltd and The Byke Hospitality Ltd are among the other losers in the BSE's 'B' group today, 08 May 2020.

As per provisional closing, the barometer S&P BSE Sensex gained 199.32 points or 0.63% at 31,642.70. The Nifty 50 index gained 51.55 points or 0.56% at 9,250.60.

FMCG major Hindustan Unilever (HUL) jumped 4.81% to end at Rs 2088.35 after a foreign brokerage reportedly maintained an 'outperform' rating on the stock with a target of Rs 2,400 per share.

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)

As speculation grows over Joe Biden’s selection of a running mate, WSJ’s Gerald F. Seib looks at past picks for clues into what factors the former vice president will consider, and why this year’s choice is more important than ever. Photo: Getty Images

States balance public health and economic well-being as more lockdowns expire; U.S. intelligence agencies confirm investigating if the coronavirus escaped from a lab in Wuhan; Apple and Amazon report profits. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: Matthew Hatcher/Bloomberg

Outside of New York, New Jersey is the state that has been hit hardest by the pandemic. WSJ visited a recent emergency food distribution event in Newark to speak with New Jerseyans about food insecurity during the pandemic.

California is the first state to borrow federal funds to cover rising jobless claims, United Airlines expects to cut its management ranks by 30%, and the FDA sets standards for antibody tests in a crackdown on fraud. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Rich Pedroncelli/Associated Press

The Trump administration steps up assertions that the coronavirus originated at a lab in Wuhan, governments around the world start to allow businesses to reopen, millions of imported masks fall short of N95 standards. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Scott Keeler/Zuma Press

Total Operating Income rise 11.47% to Rs 21740.68 crore

RBI issues revised Calendar for issuance of Marketable Dated Securities for the remaining period of H1 (11 May - 30 September 2020)

However, the management of the Company expects the operations to remain sub-normal in the immediate future, with a possibility of intermittent disruptions based on the evolving situation and varying Government guidelines and permissions. The Company continues to closely monitor the situation and shall take appropriate action as per regulatory guidelines.

Transaction expected to close in Q3 2020

On 08 May 2020

US stock market ended sharply higher on Friday (8 May) despite grim monthly jobs report as investors bet the worst of the coronavirus crisis has passed. Investors also hoped for an eventual reopening of the economy.

Cipla said that following USFDA inspection, the company's manufacturing facility in Bommasandra, Bangalore has received the EIR, indicating closure of the inspection.