​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.

Car and bike-makers are gearing up to sell more in Bharat to counterbalance shortfall in demand in the cities.

Component makers are also working overtime to restart factories, but delays in getting approvals are causing hindrance in some states, especially in Maharashtra and Tamil Nadu that have the biggest automotive manufacturing hubs, industry insiders said. This, they said, could weigh on the plans of the automakers.

“We have got clearance to open the office from the local authorities and are following the guidelines given by the government,” said a spokesperson for Maruti Suzuki India Ltd, the country’s biggest car maker. The company’s Delhi corporate office is at Nelson Mandela Marg.

“I have been trying for the last two years to pursue the scrappage policy. I have asked the Secretary (ministry of road transport and highways) to expedite the scrappage policy. Because this will help reduce production cost,” Gadkari said in an interaction with SIAM Institute on Thursday.

About 20% of the auto retail network, or 3,500 outlets, opened for business this week, with one-third staff to comply with social-distancing norms. As of Wednesday evening, some 50,000-60,000 employees were back at work, industry insiders said.

Maruti Suzuki restarted operations at 680 dealerships till Wednesday, covering almost 35% of the addressable market. The nation’s largest carmaker is seeking permission from local authorities to reopen all but 500 of its remaining over 2,400 outlets. The 500 showrooms are in Covid-19 containment zones.

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.

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.

While over 20 technical and scientific institutions are working on developing a vaccine for coronavirus, IITs have already set up "COVID-19 specific research centres", encouraging developments in the innovation ecosystem.

In the past two weeks, at least five companies have either issued, or announced plans to issue, non-convertible debentures worth a total of Rs 5,500 crore, as per information available from filings with stock exchanges.

These will be issued in three tranches of Rs 500 crore, Rs 300 crore and Rs 200 crores with redemptions due on September 30, 2022, November 28, 2022 and December 29, 2022 respectively, it added.

In Europe, investment grade-rated companies raised $83.2 billion in April, according to Refinitiv data.

The decision did not apply to the ECB's PEPP coronavirus pandemic-fighting programme.

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

However, record-low yields are pointing to an undercurrent of worry in the market.

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.

Globally, gold eased on Friday as appetite for riskier assets improved after a string of strong corporate earnings.

Here is how SMC Global expects commodities to fare today:

Copper prices on Friday traded 0.48 per cent higher at Rs 408.75 per kg in futures market.

Analysts said raising of bets by participants kept crude prices higher in futures trade here.

In the international market, silver was quoting 1.44 per cent higher at $15.82 per ounce in New York.

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

What he didn’t know was oil’s first trip into negative pricing had broken Interactive Brokers Group Inc.

Time to explore the magical golden triangle circuit.

Time to get into the festive spirit.

Image credit: iStock The American South is all about the soul, it definitely attracts you in more than one way. Known for its generous hospitality, good-nat...

Image credit: iStock The Southern States of America can leave a lasting impression. Live your Huckleberry Finn fantasies along the Mississippi River, sing a...

Tamil Nadu’s love for biryani probably stems from the state’s love of rice.

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.

Hotels newly earmarked in Delhi include the Taj Palace Hotel, Shangri-La’s Eros Hotel and Le Meridien, according to people aware of the matter.

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.

The Commission of Railway Safety, which investigates all serious rail accidents and clears all rail projects, also said that now that such an incident of migrant or other persons walking along the tracks leading to consequent deaths have come to notice, all-out efforts must be made to prevent recurrence of such incidents in future.

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

"We request the DoT to kindly consider extending the currently specified timelines for minimum roll-out obligation by a period of at least 6 to 9 months so that relief is afforded to all forthcoming minimum roll-out obligation timelines and not just to those due for testing at this present point in time," COAI said in a recent letter to Department of Telecommunications (DoT).

Bids were submitted by CarVal Investors and Nithiya Capital Resources Advisors. The resolution plans involve settlement to financial creditors of Uttam Value Steels with a total upfront and contingent payment of Rs 1,078 crore and Rs 1,576 crore for Uttam Metallics.

The report further said the lockdowns have adversely affected the demand for chemicals and petrochemicals owing to decline in consumption and shutting down of manufacturing plants, supply chains and distribution networks.

Coal India board will soon consider a proposal to voluntarily contribute Rs 10 to the Coal Mines Pension Fund for each tonne of coal sold. This will add at least Rs 600 crore to the Rs 13,000 crore fund, which is estimated to run out of money in eight years.

A former senior executive with Alstom S.A. (Alstom), a French power and transportation company, was sentenced in federal court in New Haven, Connecticut, to 15 months in prison today for his role in a multi-year, multimillion-dollar money laundering scheme designed to promote violations of the Foreign Corrupt Practices Act (FCPA).

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.

At the start of National Crime Victims’ Rights Week, the Department of Justice today announced that on April 20, the Madoff Victim Fund (MVF) began its fifth distribution of approximately $378.5 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to over $2.7 billion to nearly 38,000 victims worldwide.

The Justice Department announced today that it has reached a settlement with the Richmond County (GA) Sheriff’s Office (RCSO) that resolves allegations that the RCSO violated the employment rights of Private First Class (PFC) Auben Kendall under the Uniformed Services Employment and Reemployment Rights Act (USERRA).

The former Director of Procurement for the Pension Benefit Guaranty Corporation and the president and chief executive officer of a government contracting firm pleaded guilty today to conspiring to bribe a public official.

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.

A federal court permanently enjoined Mary E. Shade, d/b/a MS Tax, of Piqua, Ohio, from owning or operating a tax return preparation business and preparing tax returns for others, the Justice Department announced today. Mary E. Shade consented to the relief.

A federal court permanently enjoined Smart Ajayi, d/b/a Harplett Marketing LLC., Topps Tax Services and Smart Tax Services, and JoAnn Villarreal, both of Grand Prairie, Texas, from owning or operating a tax return preparation business and preparing tax returns for others, the Justice Department announced today. Ajayi and Villarreal consented to the relief.