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Sovereign rating: Moody’s warn of India downgrade, pegs FY21 growth at 0%

Separately, in a report released on Friday, S&P said it expected the banking systems of Indonesia and India to be among the worst hit in the Asia-Pacific region.




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Industries want suspension of most labour laws for 3 years

Earlier in the week, Uttar Pradesh promulgated an ordinance to exempt industries from various labour laws for three years to revive economic activities.




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FM Nirmala Sitharaman to meet PSB chiefs on Monday; to review credit flow, support to NBFCs

The meeting, to be held via video conference, will also dwell on credit disbursement since March, with the focus on Covid-19-related credit sanction and offtake.




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Oil in turmoil: Need to ensure that our oil sector continues to contribute to national economy

Building the infrastructure for a low carbon future will require oil. While a long term decline for oil’s central place in energy use seems inevitable, we need to ensure that our oil sector continues to contribute to the national economy




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Bharat Biotech to lead monoclonal antibodies project for Covid-19 therapy

This project brings together National Centre for Cell Science (NCCS), Pune; Indian Institute of Technology, Indore, and Gurgaon-based PredOmix Technologies in a collaborative mode for a public health emergency.




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Five more test positive for COVID-19, total tally in Assam reaches 58

GMCH has been closed for new patients and 386 people, including its Superintendent Dr R Talukdar, doctors, students and several grade three and four workers, have been quarantined.




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COVID-19 cases mount to 6,318; death toll rises to 68 in Delhi

An order has been issued regarding appointing representatives of the Delhi chief minister at COVID testing centres to manage and resolve individual grievances of patients and medical staff.




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Mukesh Ambani in no mood to rest; trying to get more investors for Jio, talks on with rich Saudi wealth fund

Saudi Arabia’s $320 billion sovereign wealth fund is exploring a potential investment in Reliance Industries Ltd.’s digital unit.




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Share markets fall over 5% in first week of May; here’s what moved D-Street and what to expect ahead

Domestic benchmark indices were in for a bumpy ride this week with many ups and down along the way. Starting the week equity markets tanked and lost 80% of the gains made in the previous week as investors lost Rs 5.8 lakh crore.




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Stranded in lockdown? Modi govt brings this change in residential status for tax purposes

The nationwide lockdown suspended the operation of international flights and such people were had to prolong their stay in India. They were concerned that the extra stay due to lockdown may make them a resident of India for tax purposes under section 6 of the Act.




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Central Government Employee? Modi govt makes new clarification on travelling allowance

Central Government Employees Travelling Allowance: This order was issued after consultation with the Comptroller and Auditor General of India, as mandated under Article 148(5) of the Constitution.




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TDP chief urges PM Modi to set up scientific experts’ committee to probe Vizag gas leak incident

Following the gas leak incident, the National Green Tribunal ordered LG Polymers India to pay interim damages of Rs 50 crore and issued notices to the company, Central Pollution Control Board (CPCB), state and Centre.




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Mother’s Day 2020: 4 smart tips for new moms to manage their money well

Here are some financial planning tips for new moms to help you get your finances on track for a worry-free future.




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‘Disciplined’ northeast emerges as model of COVID-19 management: Jitendra Singh

He said within six years of the Modi government, the northeastern region has emerged as the model for development for the entire country.




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Totally healthy: Amit Shah rubbishes rumours on his health, says he is not suffering from any disease

Home Minister Amit Shah has said he is totally healthy and not suffering from any disease.




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Preparing for CA exams? ICAI to commence mock test papers; check dates, schedule

Mock test paper for CA exams 2020: In the view of Coronavirus pandemic, the Board of Studies of ICAI will be commencing the Mock Test Papers (Series-1) online this month.




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Gujarat: Four held for spreading rumour about Amit Shah’s health

Four persons were detained by Ahmedabad police on Saturday for allegedly spreading misinformation about Union Home Minister Amit Shah's health by creating a fake Twitter account in his name.




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Tamil Nadu moves SC against high court order for closure of Tasmac liquor outlets

The Tamil Nadu government on Saturday moved the Supreme Court challenging a Madras High Court order for closure of state-run liquor outlets on grounds of violations of COVID-19 guidelines, arguing that it would lead to "grave losses" in revenue and complete halt in commercial activities.




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Glucon-D and Tonic Worldwide launch #EnergyGharKi campaign to celebrate mothers

The campaign applauds mothers for their unwavering energy at all hours of the day




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This Mother’s Day, Kotak Silk salutes #MomsOnDuty

The campaign is conceptualised by Tonic Worldwide.




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Asus celebrates Mother’s Day with #LikeMotherLikeAsus campaign

The campaign highlights the consistent productivity of mothers to adorn multiple hats




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Lockdown 3.0: More firms across sectors partially resume operations

The government had last week permitted the companies to restore their manufacturing operations in red, green and organ zones with certain riders.




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More than One Phish in the Sea

Phishing. It’s been around for nearly three decades, and it’s not going away anytime soon. And, as we move into the 2020’s, phishing has expanded to a variety of different techniques that utilize fraudulent URLs, malicious attachments, and more.




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Stocks head for best month on record ahead of ECB

World stocks headed for their best month on record Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus later in the day helped ease the pain of February and March.




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Bank of England: U.K. economy to shrink by most since 1706

The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction in more than three centuries as a result of the coronavirus pandemic, before bouncing back next year.




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Caught On Camera: Monkey Breaks Into ATM In Delhi, Trashes It

When cops responded to reports of a damaged ATM in Delhi recently they were surprised to check CCTV footage and discover that the felon was actually a monkey.




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Viral: Mother, Daughter 'Drive' Cardboard Car To McDonald's Drive-Thru

A mother and daughter in Belgium found out that their local McDonald's outlet was only serving drive-thru customers. The duo, not owning a car, decided to build one out of cardboard.









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Google Duo update delivers AR effects, ‘family mode’ and a whole lot more

Google has already rolled out a few updates to Duo since the COVID-19 pandemic hit. Since video chat is more important than ever, Google is making Duo a priority, bring its video chat up to parity with its biggest competitors.This latest update packs in new AR effects which always make video calls a bit more ...




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Mostly Cloudy and Breezy and 37 F at Schenectady Airport, NY


Winds are from the Northwest at 23.0 gusting to 35.7 MPH (20 gusting to 31 KT). The humidity is 41%. The wind chill is 26. Last Updated on May 9 2020, 11:45 am EDT.




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Mostly Cloudy and Breezy and 44 F at The Gabreski Airport, NY


Winds are from the Northwest at 24.2 gusting to 35.7 MPH (21 gusting to 31 KT). The pressure is 1009.3 mb and the humidity is 35%. The wind chill is 35. Last Updated on May 9 2020, 11:53 am EDT.




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Mostly Cloudy and Breezy and 39 F at Newburgh / Stewart, NY


Winds are from the Northwest at 24.2 gusting to 40.3 MPH (21 gusting to 35 KT). The humidity is 52%. The wind chill is 28. Last Updated on May 9 2020, 11:45 am EDT.




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RBI's First Bi-monthly Monetary Policy 14-15

RBI's First Bi-monthly Monetary Policy Statement 2014-15 - Full Text




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RBI's Second Bi-monthly Monetary Policy 14-15

RBI's Second Bi-monthly Monetary Policy Statement 2014-15 - Full Text




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Economic development with Inclusivity - Narendra Modi, PM

Economic development with Inclusivity says Prime Minister Modi in his maiden speech in Parliament




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RBI Third Bi-Monthly Monetary Policy announced

Full Text of RBI Third Bi-Monthly Monetary Policy Statement, 2014-15 - 5th August 2014




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RBI revises Guidelines on Mortgage Guarantee Companies

Reserve Bank revises Guidelines on Mortgage Guarantee Companies (MGCs)




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Indian Banks need more than USD200bn Capital in Next 5 Yrs

Indian Banks will require more than USD 200 bn of fresh Capital in Next 5 Years-Fitch




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RBI Fourth Bi-Monthly Monetary Policy announced

Full Text of RBI Fourth Bi-Monthly Monetary Policy Statement, 2014-15 - 30th September 2014




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Bank unions threaten month-long agitation

Bank unions threaten month-long agitation as wage talks with IBA fail again




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Moody's Maintains Negative Outlook for Indian Banking

Moody's Maintains its Negative Outlook for Indian Banking System




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India needs not only more banks, but also bigger banks

India needs not only more banks, but also bigger banks, says Citi India CEO




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RBI Fifth Bi-Monthly Monetary Policy announced

Full Text of RBI Fifth Bi-Monthly Monetary Policy Statement, 2014-15 - 3December 02, 2014




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SBI witnesses 46% rise in mobile banking in 2014

State Bank of India (SBI) witnesses 46% rise in mobile banking in 2014 with over 1.25 crore users.




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PM Modi address at Gyan Sangam - The Bankers’ Retreat

Gyan Sangam - The Bankers’ Retreat - Address of PM Narendra Modi




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The growing friendship of Obama and Modi

The growing friendship of Obama and Modi- Indo-US relations enter a new era