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Government OKs abolition of 9,000 MES posts

“The minister cleared the proposal by the engineer-in-chief of MES, in line with the Shekatkar Committee recommendation to restructure the civilian workforce in a manner that the work can be partly done by departmentally employed staff while the rest is outsourced,” said an official.




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30 more BSF personnel test positive for COVID-19, total cases rise to 223

"Thirty new cases of COVID-19 (six from Delhi and 24 from Tripura) have been reported from different establishments. All of them are under the best available medical care at AIIMS-Jhajjar and G B Pant Hospital, Agartala," BSF spokesperson Shubhendu Bhardwaj said in a statement.




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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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Shah expresses concern over rising coronavirus cases in Central Armed Police Forces

Union Home Minister Amit Shah chaired a meeting of the DGs of all Central Armed Police Forces (CAPFs) where he appreciated the commendable work done by these forces and expressed concern over increasing COVID-19 cases, a home ministry spokesperson said.




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Get involved in internal political processs in Afghanistan, US urges India

The US asked India to get involved in the internal political process in Afghanistan. Sources said this formed the core of the discussions between US special envoy, Zalmay Khalilzad and foreign minister S. Jaishankar, NSA Ajit Doval and foreign secretary Harsh Shringla in Delhi.




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CISF reports 13 fresh COVID-19 cases; max in Delhi metro unit

Among the 48 active cases, maximum 31 are in the unit that guards the Delhi Metro followed by 13 in the Mumbai international airport guarding unit. The maximum rise in cases, at 10, over the last 24 hours has also been reported from the Delhi Metro guarding unit. The force is tasked to guard civil airports (63 at present) in the country and vital infrastructure.




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Insurers rework sales pitches post Covid-19

These companies have undertaken massive exercises to retrain agents to approach and convince customers to buy new policies and renew premiums entirely through digital channels such as WhatsApp or Zoom, while also rejigging sales strategies starting right from the drafts used by agents to approach prospective customers, said people aware of the developments.




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Corporate borrowings hit amid lockdown

Charge filings, which indicate new loans or additional collateral towards past loans, fell 57.4% to 277 in March and April combined from 650 in January and February, according to data compiled by Propstack, a financial data intelligence provider.




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Companies to see frauds in their CSR programs during Covid-19 pandemic: EY report

75% companies lack a structure or policy to address frauds in CSR programs, the report said. Many companies that are now looking to allocate their CSR funds towards Covid-19 related programs, but still do not have structures in place that could avoid frauds, it said.




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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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Maruti Suzuki opens corporate office

“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.




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Will expedite scrappage policy, extend compliance timelines for auto companies where possible: Gadkari

“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.




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ISRO invites proposals for development of technologies for human space programme

The Directorate of Human Space Programme of the city- headquartered ISRO has sought proposals for 18 tentative technology development areas. Four Indian Air Force fighter pilots are currently under training in Moscow and are likely to be potential candidates for the first manned mission to space.​​




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Indian-origin scientist identifies four possible drugs to treat COVID-19

The study, published in the journal Pathogens, found that all four drugs were effective in inhibiting, or blocking, the coronavirus' RNA proteins from making genomic copies of the novel coronavirus.




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Motown takes corporate bond route to raise funds

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.




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Corporate bond sales surge on RBI’s liquidity push

The central bank has been aggressively raising liquidity levels in the system.




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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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How to beat lockdown blues: What sports psychologists recommend for athletes

The Covid-19 outbreak brought the world to its knees, leading to sealing of borders, ban on travel, and postponement or cancellation of all major sporting events. So, here they are now, confined to their homes with the Games delayed by a year, no competitions, no proper training and no sign of light at the end of the tunnel.




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Australian Govt looking at travel exemptions for Indian cricket team's Test tour: Reports

Cricket Australia is under huge financial pressure due to global lockdown and has laid off 80 percent of its staff. India's four-Test tour in December-January could provide a relief to the struggling bldy




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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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India lose top spot in ICC Test rankings to Australia

India lost the top spot in the ICC Test rankings to Australia on Friday, dropping to third after their stupendous 2016-17 record was eliminated from the annual update as per rules.




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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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Sports ministry invites nominations for national sports awards through e-mail

"Due to lockdown on account of outbreak of COVID-19, hard copies of nominations are not required to be sent. Scanned copies of nominations duly signed by the applicant and recommending authority may be sent before last date of submission," read a ministry circular.




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Tendulkar provides financial support to 4,000 underprivileged people

Tendulkar made the donation to the Hi5 Foundation, a non-profit organisation based out of Mumbai.




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Gold price gains as poor macro data hit risk sentiments

Spot gold markets remained shut due to the lockdown to prevent the spread of coronavirus, according to HDFC Securities.




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Crude oil prices rise on Saudi crude price increase, China export bounce

US West Texas Intermediate (WTI) crude rose $1.78, or 7.4 per cent, to $25.77, on track for its highest close since April 6 and up more than 30 per cent this week.




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India sugar exports boosted by strong demand from Indonesia, Iran

Higher exports from India, the world's biggest producer of sugar, could put pressure on global prices and limit shipments from rivals such as Brazil and Thailand.




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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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Gold prices hold steady on more stimulus hopes post US jobs data

US gold futures were up 0.1 per cent at $1,728.10.




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Crude oil futures rise on spot demand

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




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Precious metals: Silver, gold futures rise on spot demand

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




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Madras High Court orders for TASMAC shops closure as TN crosses 6,000 Covid-19 positive cases

The High Court passed the interim order on Friday as a result of the blatant violation of the conditions that the court had prescribed under which liquor shops could function. These conditions included adhering to social distancing norms while also deploying additional staff to manage the crowd.




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This summer, explore the popular Delhi-Agra-Jaipur route with your family

Time to explore the magical golden triangle circuit.




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A thrilling Oregon, and a charming Portland

Image credit: iStock Located on the west coast of America, the state of Oregon is an exciting travel destination with a cinematic landscape. The state is ri...




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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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For the love of chicken & mutton biryani: How political gatherings helped caterers grow big

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




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Target to recoup lost deposits by year end: Prashant Kumar

"After the moratorium, it was expected that there would be outflows."




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Solid digital business model helped post strong Q4 numbers: ICICI Securities

‘We are a cash generating company and virtually carry no leverage’




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Positive on market from a 18-24 months perspective: HDFC Life Insurance

‘Don’t sell but use dips in the market to deploy money’




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Residential real estate strongly poised for a bounce back: Godrej Properties

‘Industry leaders would benefit from both the demand revival as well as consolidation.’




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Realtors body Credai reports 40-50% 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.




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How states like Bihar and Odisha can leverage Covid into an opportunity

The disruption caused by the coronavirus pandemic could be one such tipping point, provided the states that supply much of the migrant labour have the foresight and political will to reform their industrial environment. It is evident from many accounts that many migrant workers who have fled to their home states will not return.




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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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India's coal import declines 29 per cent in April

The country imported 26.34 million tonnes (MT) of coal in April 2019, according to a provisional compilation by mjunction services based on monitoring of vessels' positions and data received from shipping companies.




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Domestic steelmakers rely on exports as local demand slumps

The likes of Tata Steel and Jindal Steel & Power are exporting 80-90% of their production, while JSW Steel is looking at shipping out somewhere around 20-30% of its output.




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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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COVID-19 opens up opportunities for chemicals sector; puts margin pressure on petrochemicals: Icra

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.




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“Compound King” Convicted in $21 Million Health Care Fraud Scheme

A federal jury sitting in Houston, Texas, found a pharmacist guilty Tuesday of charges related to health care fraud, wire fraud and money laundering.




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Pennsylvania Attorney Indicted for Role in $2.7 Million Ponzi Scheme

An Allentown, Pennsylvania, attorney has been charged for his role in a $2.7 million investment fraud scheme that victimized his law clients, according to a superseding indictment that was unsealed Monday.




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Justice Department Announces Additional Distribution of More than $378 Million to Victims of Madoff Ponzi Scheme

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.