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USCIRF welcomes Supreme Court's decision on Assam detention centres

The US Commission on International Religious Freedom (USCIRF) on Tuesday (local time) welcomed the decision of India's Supreme Court to relax conditions for the release of individuals detained as "foreigners" in Assam's detention centres due to concerns with the spread of COVID-19."We welcome this decision as a first step," a statement by USCIRF quoted its Chair Tony Perkins as saying."We urge the Indian Supreme Court to continue on this promising path and order the release of all those detained in the detention centres on humanitarian grounds. Even two years as a minimum time for release is unreasonable given the threat of detention centres becoming a breeding ground for the spread of COVID-19," he added.In response to an application submitted by the Justice for Liberty Initiative, the Supreme Court on Monday ordered the release of detainees held for at least two years and lowered the personal bond amount necessary to secure release from Rs 100,000 to 5,000.Coronavirus has impacted ..




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COVID-19: Pak extends lockdown by two weeks

Pakistan Prime Minister Imran Khan has announced the extension of the nationwide lockdown with relaxation to some sectors.Addressing the media in Islamabad on Tuesday, Khan said, "We made the hard decision of imposing lockdown in the country which was very well implemented due to cooperation of the people."He said that the spread of coronavirus had slowed down to 30 per cent of the projected target, Radio Pakistan reported.The Prime Minister said ventilators, protective clothing, and other gear "have been reaching the country to meet the demand".Imran Khan announced to open the construction industry in cities from today as this has the lowest risk factor in terms of coronavirus spread.Minister for Industries and Production Hammad Azhar said the industries that are exempted from the lockdown are export sector, chemical manufacturing plants, e-commerce, software development and planning, paper and packaging units, industries with labour on-site, cement and fertilizer plants, mines and ..




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US Stocks end lower

Wall Street stocks opened higher amid continued investor confidence following steps by a number of US states to reopen their economies. In the United States, some governors are rolling back curbs and allowing restaurants, hair salons and other businesses to reopen despite warnings by health experts that moving too fast might lead to new outbreaks. President Donald Trump, running for re-election amid a slump that has wiped out more than 10 million jobs, is pressing other governors to lift lockdowns. Gov. Andrew Cuomo of New York, one of the hardest-hit and most populous states, says controls will be eased only after numbers of new cases decline.




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China Market closed for Golden Week national holiday

Asian stock markets fell sharply on Monday, 04 May 2020, as risk sentiment turned sour on reigniting tensions between the world's top two economies after U.S. officials tried to pin blame for the coronavirus pandemic on China.




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US Stocks end mostly lower as a dismal ADP jobs report

The major averages finished the session on opposite sides of the unchanged line, as traders weighed optimism about some states reopening against some dismal employment data. The ADP jobs report showed that US companies lost 20.2 million jobs in April. The government's April jobs report is due Friday.




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Japan Stocks end mostly lower amid continued coronavirus concern

Total 21 issues of 33 industry category of Topix index were in negative territory, with Air Transportation, Insurance, Land Transportation, Iron & Steel, Nonferrous Metals, and Oil & Coal Products issues being notable losers, while Other Products, Electric Appliances, Metal Products, Construction, and Pharmaceutical issues were notable gainers.




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The disruptive power of technology

The fund industry may have embraced machines and robots, but managing money still needs the human touch




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We are increasing our footprint in India: Pratyush Kumar

Interview with President, Boeing India




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Jharkhand attracts Rs 62k crore investment at Make in India Week

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




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Karnataka gets Rs 9,700-cr investment commitment at Make in India Week

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




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Make in India Week nets Rs 15.2 lakh crore investment commitments

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




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CIDCO inks MoUs worth Rs 30,000 crore during Make in India Week

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




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Make in India: 1,500 workers and a week to clear the junk

They'll be dismantling 27 pavilions spread over 2,30,000 sq mt of land owned by MMRDA




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Make In India Week: Odisha bags Rs 70,959 cr investment commitments

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




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Maha forms panel to track MoUs signed at Make in India week

Event through Feb 13-18 at BKC in Mumbai brought in 2,594 MoUs entailing Rs 7.94 lakh cr investments




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It Is Time We Think Of An Efficient Exit Option From The Lock Down To Resume And Revive Economic Activities: Suresh Prabhu

While reopening economic activities, we need to keep in mind that the industry cannot be opened in isolation, the whole ecosystem along with the related supply chains needs to be revived and restarted, said Suresh Prabhu, Hon'ble Member of Parliament. We should follow the Chinese model of revival through specific geographical openings for economic activities in areas which are marked green and keeping the hotspot districts completely locked, till there is full containment in those areas, said Hon'ble Member of Parliament. This is the time India needs to take advantage of the crises and convert it into an opportunity, we set our National goal of getting Foreign Direct Investments to India and each citizen and all arms of the government must work towards this common goal with complete alignment of reforms, said Prabhu. Businesses are the most important part of the economy, as they are significant contributors to economic growth and progress, he said.




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Currency In Circulation Rises 0.7% On Week

Powered by Capital Market - Live News




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Reserve Money Rises 1.5% On Week

Powered by Capital Market - Live News




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Recruiting Talent: The Shirt, Dogfish Head Brewery

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.




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Wealth: How To Ignore the Noise

How advisers can keep heirs as clients. Plus, how you can teach clients to ignore the noise. And, a look at non-traded REITs. Dow Jones Wealth Adviser's Veronica Dagher reports.




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Western Transmission Gujarat standalone net profit declines 13.48% in the March 2020 quarter

Sales rise 27.54% to Rs 13.20 crore




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Reliance Power reports standalone net loss of Rs 264.94 crore in the March 2020 quarter

Sales decline 2.72% to Rs 6.09 crore




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Reliance Power reports consolidated net loss of Rs 4206.38 crore in the March 2020 quarter

Sales rise 13.39% to Rs 1798.05 crore




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BJP storms Assam; TMC, AIADMK set to retain power; LDF in Kerala

As per trends, J Jayalalithaa-led AIADMK appears to be winning Tamil Nadu for a straight second term, bucking the tradition since 1989 when a ruling party has not returned to power




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Will work harder till we win the confidence of people: Rahul Gandhi

Election trends suggest that Congress has lost in Kerala and Assam and has failed to make a dent in West Bengal and Tamil Nadu despite alliances




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Govt weighs fiscal stimulus in upcoming Budget to boost demand

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




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Power sector does not need 'crutches' of tax breaks: Goyal

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




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If others are moving Titanic, we're moving a speedboat: Kunal Bahl

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




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Cyient tumbles after weak Q4 numbers

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.




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Dr Reddy's Labs hits 52-week high after Srikakulam facility gets EIR from USFDA

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.




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'Upload' renewed for season two at Amazon

Amazon Prime Video has given a second season order for Greg Daniels' show "Upload". The season two renewal comes just a week after the show premiered on Amazon Prime Video, according to The Hollywood Reporter. The single-camera sitcom, featuring Robbie Amell and Andy Allo, takes place in the near future, where people who are near death can be "uploaded" into a virtual afterlife of their choice. "I am thrilled to continue a great relationship with Amazon Studios and this wonderful cast and find out what happens next to Nora and Nathan and Ingrid and their 2033 world. With this news I can stop drawing my season 2 flip book," Daniels said in a statement. "Upload" is executive produced by Daniels and his producing partner Howard Klein.




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Egypt's president expands powers, citing virus outbreak

Egypt's President Abdel-Fattah el-Sissi on Saturday approved amendments to the country's state of emergency that grant him and security agencies additional powers, which the government says are needed to combat the coronavirus outbreak. An international rights group condemned the amendments, saying the government has used the global pandemic to expand, not reform, Egypt's abusive Emergency Law. The new amendments allow the president to to take measures to contain the virus, such as suspending classes at schools and universities and quarantining those returning from abroad. But they also include expanded powers to ban public and private meetings, protests, celebrations and other forms of assembly. The government has waged an unprecedented crackdown on dissent since 2013, when el-Sissi rose to power, and unauthorized protests have been banned for years. The amendments also allow military prosecutors to investigate incidents when army officers are tasked with law enforcement or when the .




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Luke Greenfield to direct action-thriller 'We Are Untouchable'

Luke Greenfield, the director of films such as "The Girl Next Door" and "Something Borrowed", will helm STXfilms' upcoming movie "We Are Untouchable". The director will also co-write the action-thriller in collaboration with Captain Mauzner, reported Deadline. The screenplay has been penned by Oritte Bendory and Aaron Feldman with revisions by Michael Diliberti and by Anthony Drazan. The story is about a group of international college grads working in Mexico City at their respective diplomatic embassies. "By day, they're slaving away as mailroom assistants getting abused by their bosses. But when they find out they have diplomatic immunity and they can't get arrested for anything they do they go wild with it and live out their fantasies. "Soon they're living double lives in the ultimate wish-fulfillment...until it isn't. They gradually fall into serious danger when they get entangled with a violent and savage group who extort them for their 'get out of jail free' cards," the ...




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Coronavirus takes a toll in Sweden's immigrant community

The flight from Italy was one of the last arrivals that day at the Stockholm airport. A Swedish couple in their 50s walked up and loaded their skis into Razzak Khalaf's taxi. I t was early March and concerns over the coronavirus were already present, but the couple, both coughing for the entire 45-minute journey, assured Khalaf they were healthy and just suffering from a change in the weather. Four days later, the Iraqi immigrant got seriously ill with COVID-19. Still not able to return to work, Khalaf is part of the growing evidence that those in immigrant communities in the Nordic nations are being hit harder by the pandemic than the general population. Sweden took a relatively soft approach to fighting the coronavirus, one that attracted international attention. Large gatherings were banned but restaurants and schools for younger children have stayed open. The government has urged social distancing, and Swedes have largely complied. The country has paid a heavy price, with 2,769 ...




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COVID-19: Indian-origin woman faces charges for refusing to wear face mask in Singapore

A 40-year-old Indian-origin woman in Singapore was charged with five counts, including use of criminal force, in a court here on Saturday for refusing to wear a face mask for protection against COVID-19 and assaulting a police officer who tried to ascertain her identity. Kasturi Govindasamy Retnamswamy was arrested after the incident that happened at a shopping mall on May 7 and was captured on video. Retnamswamy, who is a Singaporean, was remanded at the Institute of Mental Health (IMH) for psychiatric evaluation after the incident, reported The Straits Times. She was taken to a court on Saturday and faced five charges, including use of abusive words and criminal force against a public servant. The next hearing is scheduled for May 22 after her remand in the IMH. According to the police statement on Friday, the woman insulted the mall staff and hurled abuses at a security officer who was trying to get her to put on her mask correctly. The widely-shared video of the incident shows a ..




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Germany says Europe wasn't well-prepared

German Foreign Minister Heiko Maas says Europe must acknowledge that it wasn't well-prepared for the coronavirus pandemic. In a statement marking Europe Day, Maas said that initially most countries, including Germany, were focused on coping with the outbreak at home. While defending the national response as necessary, in order to safeguard our ability to act and then also help other, Maas said the European Union had grown in the crisis. The EU's sluggish response has given way to cross-border medical aid, a massive financial support package and coordinated scientific research programs. Maas called the solidarity provided by EU member states unique in the world, adding that Germany wants the bloc to emerge from the crisis stronger. Berlin takes over the six-month rotating presidency of the 27-nation EU on July 1.




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Lawyers: Investigators recommend whistleblower is reinstated

Federal investigators have found reasonable grounds that a government whistleblower was punished for speaking out against widespread use of an unproven drug that President Donald Trump touted as a remedy for COVID-19, his lawyers said. Dr Rick Bright headed the Biomedical Advanced Research and Development Authority, a unit of Department of Health and Human Services that focuses on countermeasures to infectious diseases and bioterrorism. He had received a job performance review of outstanding before he was summarily transferred last month, with his agency email cut off without warning. Investigators with the Office of Special Counsel made a threshold determination that HHS violated the Whistleblower Protection Act by removing Dr Bright from his position because he made protected disclosures in the best interest of the American public," his lawyers Debra Katz and Lisa Banks said in a statement Friday. The OSC is an agency that investigates allegations of egregious personnel practices in




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6-week-old baby dies of coronavirus in England

A six-week-old baby has become the youngest victim of coronavirus in England as the official death toll across hospitals and the wider community linked to COVID-19 hit 31,241 in the UK. The baby's death on Friday comes as Britain prepares for some easing in the strict lockdown measures in place to curb the spread of the deadly virus as it is believed that Britain is past the peak of the pandemic. British Prime Minister Boris Johnson is to make a televised address on Sunday, during which he will lay out a comprehensive plan to start unlocking the economy. However, Cabinet ministers have been warning against raising expectations beyond a modest easing of the social distancing rules in place to manage the pressure on the state-funded National Health Service (NHS). There are some concerns that people would start flouting the stay-at-home message during a long Bank Holiday weekend to mark the 75th anniversary of the World War II Victory in Europe (VE) Day on Friday. I'm conscious that ...




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ReNew Solar Power lowest bidder for 400MW projects

ReNew Solar Power Pvt Ltd has emerged as the lowest bidder at a tariff of Rs 2.90 per unit for 400 MW renewable energy capacity put on auction by Solar Energy Corporatindia (SECI). SECI concluded the auction this evening for 400 MW renewable energy capacity, an industry source said. The developers can develop solar, wind, and hybrid projects under this tender. The developers would supply power to the New Delhi Municipal Corporation (NDMC) and Dadra and Nagar Haveli. The second lowest bidder was Greenko Energies Pvt Ltd at tariff of Rs 2.91 per unit for 400 MW projects. These are the round the clock power supply projects which means these could be augmented by energy storage systems.




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Kohima COVID-19 test lab to be functional by May 12, Dimapur unit within 2 weeks: Govt in HC

The Nagaland government has assured the high court that the laboratory in Kohima for conducting COVID-19 detection tests will be functional by May 12. The state government informed the Kohima bench of the Gauhati High Court that finishing works for the lab have been completed and it would be functional by May 12. Additional Advocate General T B Jamir, however, told the bench comprising of Justice Songkhupchung Serto and Justice Hukato Swu that since the same technicians would be setting up the lab in Dimapur, at least two weeks are required to make that unit functional. The state government made the submission through an interim application filed on Thursday, praying for extension of time after the court on April 27 directed it to make the two labs functional within 10 days. The court on Friday directed the state government to make all efforts to make the lab at Kohima functional within five days and the one at Dimapur within two weeks. After two weeks, the state ...




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Chidambaram welcomes Centre's decision to borrow additional 4.2 lakh cr

Senior Congress leader P Chidambaram on Saturday welcomed the Centre's decision to borrow additional 4.2 lakh crore and said it should be used to provide relief to the poor and re-start the economy. "After resisting our appeals, especially through statements of the CEA, the government has finally decided to borrow an additional amount of Rs 4.2 lakh crore taking the projected fiscal deficit to 5.38 per cent. We welcome the decision," he said in a statement. The senior Congress leader, however, said, "It is not enough to borrow more unless the amount is used to provide relief to the poor and to re-start the economy. We look forward to the revised expenditure budget for 2020-21." Echoing similar sentiments put forth by several eminent economists, he had appealed to the central government to shed its reservations and borrow more in 2020-21. "In our view, the budgeted fiscal deficit of 3.5 per cent should not be a constraint in these extraordinary times," he said in the statement. The ...




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No proposal on record so far to run 'Shramik Special' trains to West Bengal: Railway officials

In a slugfest over the transportation of stranded migrants to West Bengal, railway officials on Saturday said there was no proposal on record so far with the national transporter to run any more 'Shramik Special' trains to the state. The Indian Railways reaction came minutes after the TMC said they have already planned to run eight trains to ferry migrants from Karnataka, Tamil Nadu, Punjab and Telangana. The railway said they did not even have the proposal yet for the train, which the TMC claimed has been scheduled from Hyderabad to Malda on Saturday at 3 pm. The Indian Railways has so far run only two trains to West Bengal, one from Rajasthan and the other from Kerala. According to the guidelines issued by the railways for these trains, the proposal has to be received from both the states along with the number of passengers for these trains to run. The officials said the railways has 47 planned for Saturday so far, none of them were bound for West Bengal. The TMC on Saturday accused




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West Bengal circle highest grosser in small savings during lockdown

The West Bengal circle has emerged the highest grosser in small savings mobilisation during the ongoing lockdown in the country, an official of the postal department said on Saturday. The West Bengal circle also includes Sikkim and Andaman and Nicobar. "In this country during the lockdown period which is continuing, the West Bengal circle is the highest grosser in terms of small savings mobilisation", acting Chief Post Master General (CPMG) Niraj Kumar said. He said only in one day on May six, the circle grossed Rs 361.25 crore only from post offices (PO) which are run on CBS platform. Kumar said the main reason behind this is post offices having CBS are able to carry out transactions which are centrally monitored by the circle team and ably supported by required technical support. Even last year, the West Bengal circle recorded highest growth in the postal financial services in the country, he told PTI. This performance has also been a result of small savings agents who




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Why men rape? Book seeks to find out answers

Why men rape? A new book seeks to find out answers by examining a slew of factors that shape male behaviour. In her book "Why Men Rape: An Indian Undercover Investigation", Tara Kaushal sets out to understand the reasons why women feel unsafe through a detailed investigation which includes interviews and meetings with nine men who have an inclination to commit acts of sexual violence. The core of Kaushal's research methodology for the book, scheduled for release next month, entailed spending up to a week each with nine men who have raped, across different parts of the country. The author spent time in their home environments; interviewing and observing them, and their families and friends. Kaushal says through a study of these "mostly 'undetected' (the experts' term for rapists outside the criminal justice system), some unconvicted rapists, I sought to determine how history, economics, environment, upbringing, education (or lack thereof), psychological state, and attitudes towards ...




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In times of crisis, journalists should work for welfare of people, strengthening unity in society: RSS leader

In times of crisis, journalists should be more responsible and work for welfare of people and strengthening unity in society, RSS joint general secretary Manmohan Vaidya said on Saturday as the country battled against the coronavirus pandemic. Speaking on the occasion of Narad Muni Jayanti via video-conferencing, Vaidya said journalists while doing reporting should always keep welfare of society in their mind. And many journalists in the country do so. According to Hindu mythology, Narad Muni is a travelling storyteller and primary source of information among Gods. Expressing concern that a specific type of India's image is being painted in a section of the international media which is far away from ground reality, Vaidya said it was being done by some Indian journalists and they should keep the country's interests in mind while reporting. He further said that at the time when the country was facing the COVID-19 pandemic, journalists should be more responsible, working for welfare of .




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ReNew Solar Power bags 400 MW renewable energy projects at Rs 2.90/unit: MNRE

ReNew Solar Power has bagged 400 MW renewable energy projects at a tariff of Rs 2.90 per unit in an auction, according to an MNRE statement. The Solar Energy Corporation of India (SECI), a central public sector undertaking, conducted e-reverse auction for the 400 MW renewable energy projects with round-the-clock supply. "India's renewable energy (RE) sector has witnessed history today, as the e-reverse auction (e-RA)for 400 MW RE projects with round-the-clock supply was concluded at an astounding first year tariff of Rs 2.90/kilowatt hour (kWh)," the Ministry of New and Renewable Energy (MNRE) said. The capacity of 400 MW has been awarded to ReNew Solar Power Pvt Ltd after a closely fought auction which saw the lowest tariff drop by 69 paise over the course of almost 3 hours, it said. "Golden chapter added in Indian Renewable Energy story, as e-RA for 400 MW RE Projects with Round the Clock (RTC) supply conducted by SECI Ltd results in historic 1st year tariff of Rs 2.90/kWh. MNRE ...




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Rane Holdings commences partial operations with limited manpower

Rane Holdings Ltd, part of Rane Group, has commenced partial operations at most of its plants with restricted manpower, the company said on Saturday. The city-based company had closed its plants and offices across India due to outbreak of COVID19 and in-line with instructions from Central and state governments. ".. based on the various relaxations and guidelines issued by Ministry of Home Affairs and respective State governments, the company has partially resumed its operations in most of its plants and offices with restricted manpower with effect from May 8," the company said in a filing. Rane Holdings said the continuance of operations in the places would depend on directives of local authorities issued time to time and based on incidence of COVID-19 cases in area concerned. The Tamil Nadu government had announced extension of lock-down from May 4 to 17 by allowing some restrictions towing with Centre's directive to control the spread of coronavirus. The company has six




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Women power to the fore in evacuation mission

Woman power came to the fore as the massive exercise to evacuate Indian citizens stranded abroad in various countries continued on Saturday with two flights to Malaysia and Oman being helmed by women. Two women-Captain Kavitha Rajkumar and Captain Bindhu Sebastian- commanded the Air India Express flights operated today from Tiruchirapalli and Kochi to Kuala Lumpur and Muscat respectively to bring back Indians stuck there due to the lockdown in place to contain the COVID-19 spread. Today was the third day of the repatriation exercise -'Vande Bharat Mission'. WhileCaptain Kavitha Rajkumar is commanding IX 682/681 on Tiruchirappalli-Kuala Lumpur, Captain Bindhu Sebastian is the commander of IX 443/442 on Kochi-Muscat- Kochi flight. While the Tiruchirapalli-Kuala Lumpur flight took off at 01.11 pm, the Kochi-Muscat flight took off at 01.17 pm. "I am extremely proud of being part of this evacuation mission," Captain Bindu Sebastian said in a video shared by an Air India ...




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11 more die of COVID-19 in West Bengal; toll rises to 99

Eleven more COVID-19 fatalities have been recorded in West Bengal, raising the death toll in the state to 99, Home Secretary Alapan Bandyopadhyay said on Saturday. At least 108 more people have tested positive for the virus in the state, taking the number of confirmed cases to 1,786, he said. The number of active cases stands at 1,243, the official said. Forty-nine patients have been discharged in the state since Friday following complete recovery from the disease, Bandyopadhyay said.




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Virat, Anushka donate Rs 5L each for Mumbai police welfare

Mumbai police commissioner Param Bir Singh on Saturday informed that India cricket skipper Virat Kohli and his wife actor Anushka Sharma have contributed Rs 5 lakh each for police welfare amid the novel coronavirus outbreak. "Thank you, @imVkohli and @AnushkaSharma for contributing Rs. 5 lacs each towards the welfare of Mumbai Police personnel. Your contribution will safeguard those at the frontline in the fight against Coronavirus. #MumbaiPoliceFoundation," Singh tweeted from his official handle. Earlier, Kohli and Sharma had given undisclosed amounts to the PM CARES fund and Maharashtra Chief Minister's Relief Fund to support the fight against COVID-19. Maharashtra has the highest number of coronavirus positive cases in the country.