Gets bids for 24.09 lakh shares by 17:00 IST on 11 March 2020

Top honchos of the mutual fund sector debunk the belief that current expense ratios are high, argue in favour of consolidation of schemes, and highlight the changing role of technology

This investment is in addition to Rs 1,000 crore investment for a greenfield plant in Bengluru announced last year

Interview with President, Boeing India

The state has signed MoU worth Rs 50,000 crore with Adani Group

Solar cell manufacturer First Solar is looking to setup a manufacturing unit with an investment of Rs 6,000 cr

Releases new industrial and investment promotion policy

Eyes disbursal of Rs 30,000 crore under the Amended Technology Funds Scheme

Of the total commitments, 30% have come from foreign players

Maharashtra, which was the host state, alone received investment proposals of Rs 7.94 lakh cr and 3,294 MoUs

CIDCO also inked an MoU with Transparency International India to combat corruption and for effective governance

Around Rs 30,000 crore investments are from the mineral sector while the rest are from areas like food processing, electronics, textiles and renewable energy

The government of India (GoI) has announced the sale (re-issue) of three dated securities for Rs 19000 crore. These include 6.18% GS 2024 9,000, 7.57% GS 2033 4,000 and 7.16% GS 2050 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be price based (for all securities), using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability. With a view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of Rs 50,000 crore.

Reserve Bank will review the timeline and amount, depending upon market conditions

The employees of the Reserve Bank have decided to contribute one or more day's salary to the PM CARES Fund, in response to the call to support during the emergency situation. The total contribution from the employees amounting to ₹7.30 crore is being remitted to the PM CARES Fund. The COVID-19 pandemic and the related dislocation in normal economic activity has severely affected the economically weaker sections of the society and their means of livelihood. To help the people affected by any kind of emergency or distress situation, like the one posed by the COVID-19 pandemic, Government of India has set up a public charitable trust named Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to receive contributions from various sources.

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The employees of Employees Provident Fund Organization (EPFO) have come forward to support the Government's initiative in combating national crisis of COVID-19 pandemic and voluntarily contributed one day's salary- amounting to around Rs. 2.5 crore to the PM CARES Fund. EPFO, as one of World's largest Social Security Organizations, stands committed in the service of the nation in every possible way. The COVID-19, declared as a pandemic by the World Health Organization, has posed serious challenges for the health and economic security of millions of Indians. Government of India has set up a public charitable trust under the name of 'Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund' (PM CARES Fund) with the primary objective of dealing with any kind of emergency or distress situation. Officers and staff of EPFO are also contributing by putting in extra efforts for providing relief by expeditiously processing EPF withdrawal claims including COVID claims under

The government of India (GoI) has announced the sale (issue /re-issue) of three dated securities for Rs 19000 crore. These include 5.09% GS 2022 3,000 May 08, 2020, New GS 2030 (maturing on May 11, 2030) 10,000 and 7.19% GS 2060 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be Yield based for New GS 2030 and price based for remaining securities using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.

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The Shirt founder Rochelle Behrens and Dogfish Head founder Sam Calagione share advice on recruiting talent at Wall Street Journal's How I Built It 2012 panel in Washington, D.C. WSJ's Vanessa O'Connell leads thediscussion.

Sales rise 69.34% to Rs 35.41 crore

Vista is a leading global investment firm focused on empowering and growing enterprise software, data and technology enabled companies that are reinventing industries and catalyzing change. Vista has more than $57 billion in cumulative capital commitments and its global network of companies collectively represent the 5th largest enterprise software company in the world.

Sales decline 2.72% to Rs 6.09 crore

Sales decline 53.40% to Rs 276.85 crore

Sales decline 57.18% to Rs 118.66 crore

Sales rise 13.39% to Rs 1798.05 crore

Sales decline 33.91% to Rs 3580.00 crore

Sales decline 9.01% to Rs 3625.86 crore

State Bank of India was transferring the money from Coimbatore to Vishakhapatnam to tide over a cash shortage in Andhra Pradesh when the vans were seized by the Election Commission

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

The ministry plans to achieve this target by doubling the current pace of electrification

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

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

ICICI Securities jumped 3% to Rs 388.30 after consolidated net profit rose 28.3% to Rs 155.88 crore on a 12.5% rise in total income to Rs 481.94 crore in Q4 March 2020 over Q4 March 2019.

Adani Gas rose 3.55% to Rs 107.85 after standalone net profit surged 61% to Rs 122 crore on 1% fall in revenue from operations to Rs 490 crore in Q4 March 2020 over Q4 March 2019.

Sales decline 2.83% to Rs 616.61 crore

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

Swaraj Engines' net profit fell 4.9% to Rs 15.84 crore on a 8.5% decline in net sales to Rs 175.13 crore in Q4 March 2020 over Q4 March 2019.

On a consolidated basis, Shree Cement's net profit jumped 57.6% to Rs 535.93 crore on 2.1% decline in net sales to Rs 3,415.14 crore in Q4 March 2020 over Q4 March 2019.

Adani Transmission's consolidated net profit dropped 60% to Rs 59 crore on a 3% decline in operational revenue to Rs 2220 crore in Q4 March 2020 over Q4 March 2019.

ICICI Bank on Saturday (9 May 2020) said its net profit rose 26.04% to Rs 1,221.36 crore on 12.09% rise in total income to Rs 23,443.66 crore in Q4 March 2020 over Q4 March 2019.

Arguing that a one-time payment of USD 1,200 to most of the Americans during the coronavirus outbreak is not enough, three top Democratic senators introduced a legislation on Friday to provide a recurring USD-2,000 monthly check to those struggling to make ends meet during the COVID-19 pandemic. The Monthly Economic Crisis Support Act, introduced by former presidential candidate Senator Bernie Sanders, Indian-origin Senator Kamala Harris and Senator Ed Markey, proposes to provide a monthly USD-2,000 check to every individual with an income below USD 120,000 throughout and for three months following the coronavirus pandemic. According to the proposal, married couples who file jointly would receive USD 4,000; USD 2,000 per child up to three children and it would be implemented retroactively from March. The coronavirus pandemic has caused millions to struggle to pay the bills or feed their families, Harris said. The previous CARES Act, she argued, gave Americans an important one-time ...

US Vice President Mike Pence's press secretary has the coronavirus, the White House said on Friday, making her the second person who works at the White House complex known to test positive for the virus this week. President Donald Trump, who publicly identified the affected Pence aide, said he was "not worried" about the virus spreading in the White House. Nonetheless, officials said they were stepping up safety protocols for the complex. Pence spokeswoman Katie Miller, who tested positive on Friday, had been in recent contact with Pence but not with the president. She is married to Stephen Miller, a top Trump adviser. The White House had no immediate comment on whether Stephen Miller had been tested or if he was still working out of the White House. Katie Miller had tested negative on Thursday, a day before her positive result. "This is why the whole concept of tests are not necessarily great," Trump said. "The tests are perfect but something can happen between a test where it is ...

Carolina Vasquez lost track of days and nights, unable to see the sunlight while stuck for two weeks in a windowless cruise ship cabin as a fever took hold of her body. On the worst night of her encounter with COVID-19, the Chilean woman, a line cook on the Greg Mortimer ship, summoned the strength to take a cold shower fearing the worst: losing consciousness while isolated from others. Vasquez, 36, and tens of thousands of other crew members have been trapped for weeks aboard dozens of cruise ships around the world long after governments and cruise lines negotiated their passengers' disembarkation. Some have gotten ill and died; others have survived but are no longer getting paid. Both national and local governments have stopped crews from disembarking in order to prevent new cases of COVID-19 in their territories. Some of the ships, including 20 in US waters, have seen infections and deaths among the crew. But most ships have had no confirmed cases. "I never thought this would turn

President Donald Trump says he's in no rush to negotiate another financial rescue bill, even as the government reported that more than 20 million Americans lost their jobs last month due to economic upheaval caused by the coronavirus. The president's low-key approach came Friday as the Labor Department reported the highest unemployment rate since the Great Depression and as Democrats prepared to unveil what Senate Democratic leader Chuck Schumer calls a Rooseveltian-style aid package to shore up the economy and address the health crisis. Some congressional conservatives, meanwhile, who set aside long-held opposition to deficits to pass more than USD 2 trillion in relief so far, have expressed reservations about another massive spending package. We've kind of paused as far as formal negotiations go, Larry Kudlow, the director of the National Economic Council told reporters Friday. He said the administration wanted to let the last round of recovery funding kick in before committing to ..

Jihadists burst into the gold mine where Moussa Tambura worked in Burkina Faso, forbidding everyone from smoking and drinking. It wasn't long before the men returned and leveled the place to the ground. They attacked the site, killed people and burned houses, said Tambura, 29, clenching his fists. He was able to find work again after fleeing to Bouda, another town in country's north that still has small-scale mining. Still, he struggles to provide for his family since his new job isn't as lucrative as his old one. Jihadists linked to al-Qaida and the Islamic State organization have been overrunning gold mines like Tambura's one by one as they try to gain control of Burkina Faso's most lucrative industry. The extremists are then collecting a protection tax from communities living around the gold mines and also forcing the miners to sell them the gold exclusively, which is then smuggled and sold across the border in places like Benin, Ghana or Togo. The violence already has shuttered ...

Kansas harvester Mike Keimig is growing increasingly anxious about whether the foreign seasonal workers he needs to run his nine combines and drive his grain trucks will arrive in time for the start of the winter wheat harvest, which is just weeks away. His regular crew mostly comprises farm kids from South Africa who return to work for him every year, but they are stuck overseas. The paperwork for about half of the 20 agricultural worker visas he has applied for remains in limbo at the shuttered U.S. Consulate in Johannesburg. The closure of embassies and consulates due to the coronavirus pandemic is not the only obstacle to bringing in seasonal workers. Governments have closed their borders. Overseas workers who have visas cannot get on a flight. And once they arrive, they would face weeks of quarantine before they could work. It will definitely have a big impact on our finances ... if we can't get help to run our equipment, Keimig said. It would even have an effect on the farmers. .