l Nitin Gadkari Launches Portal for Innovative MSME Ideas By www.news18.com Published On :: Thu, 30 Apr 2020 05:55:07 +0530 The 'MSME Bank of Ideas, Innovation and Research' portal was launched via video-conference. Registered users on the portal can share ideas, innovation and research, which will be reviewed by the officer concerned. Full Article
l Glenmark Pharma Shares Trim Most of Early Gains, Close Over 2 % Higher By www.news18.com Published On :: Thu, 30 Apr 2020 06:00:23 +0530 The company said it is the first firm in India to receive such an approval from the Drug Controller General of India (DCGI). Full Article
l Don't Let Telcos Charge Offices, Businesses for Unused Internet during Lockdown: PIL in Delhi HC By www.news18.com Published On :: Thu, 30 Apr 2020 06:26:06 +0530 The petitioner contended that telephone operators and ISPs ought not to charge citizens for services not used by them while following the government's directions. Full Article
l Investor Wealth Jumps Rs 7.68 Lakh Crore in Four Days of Market Rally By www.news18.com Published On :: Thu, 30 Apr 2020 06:27:37 +0530 Rising for the fourth straight session, the 30-share BSE Sensex settled 997.46 points, or 3.05 per cent, higher at 33,717.62. Full Article
l Infrastructure Development Critical for Achieving $5 Trillion Economy by 2025: Report By www.news18.com Published On :: Thu, 30 Apr 2020 06:36:23 +0530 The report further said that the supply additions through infrastructure development boost short-term as well as the potential rate of GDP growth. Full Article
l Lockdown Impact: India's March Infrastructure Output Contracts 6.5% Compared to Last Year By www.news18.com Published On :: Thu, 30 Apr 2020 06:38:50 +0530 The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed. Full Article
l NIP Task Force Calls for Boosting Private Investment in Highways at Rs 20.33 Lakh Crore by 2025 By www.news18.com Published On :: Thu, 30 Apr 2020 07:00:15 +0530 The ministry constructed 10,855 km of national highways against the targeted 16,420 km in fiscal 2019, with an average daily construction rate of about 30 km. Full Article
l Allow E-commerce Entities to Operate Without Passes in Green Zones: IAMAI By www.news18.com Published On :: Thu, 30 Apr 2020 11:24:17 +0530 The Internet and Mobile Association of India (IAMAI) has submitted a blueprint suggesting a road map for opening up e-commerce based on the current containment model of zoning. Full Article
l RIL Q4 Results: Reliance Announces India's Biggest Rights Issue of Rs 53,125 Crore, Jio Profit Zooms 177% By www.news18.com Published On :: Thu, 30 Apr 2020 07:05:45 +0530 Revenue from operations for the March quarter stood at Rs 136,000 crore, against Rs 152,939 crore in December quarter and Rs 138,659 crore in the year-ago period. Full Article
l Rupee Zooms 57 Paise to End at 75.09 against US Dollar By www.news18.com Published On :: Thu, 30 Apr 2020 07:08:53 +0530 The greenback weakening overseas and optimism over a COVID-19 drug trial in the US further supported the local unit, forex traders said. Full Article
l Agriculture Infrastructure Funding Pegged at Rs 1.68 Lakh Crore for 2020-25: Govt Task Force By www.news18.com Published On :: Thu, 30 Apr 2020 07:27:35 +0530 The final report of the task force on National Infrastructure Pipeline (NIP) for 2020-2025 presented to the government suggested agricultural reforms broadly in three areas e-market infrastructure, storage and processing, and research and development (R&D). Full Article
l Reckitt Benckiser's Sales Hit Record On Coronavirus Disinfectant Boom By www.news18.com Published On :: Thu, 30 Apr 2020 08:02:13 +0530 Reckitt Benckiser recorded a 13.3% rise in first quarter like-for-like sales, that was its best performance since the company was formed in 1999. Full Article
l Asian Oil Sellers Add New 'Zero Price' Clause in Contracts: Report By www.news18.com Published On :: Thu, 30 Apr 2020 08:04:39 +0530 The new clause comes as sellers in Asia seek to protect their interests, as prices of some physical crude grades sold in the region have fallen to close to $10 a barrel due to heavy discounts. Full Article
l Reliance to Hive off $75 Billion O2C Business into Separate Unit for Sale to Aramco By www.news18.com Published On :: Thu, 30 Apr 2020 08:56:39 +0530 O2C undertaking of the company comprises entire oil-to-chemicals business of the company consisting of refining, petrochemicals, fuel retail and aviation fuel (majority interest only) and bulk wholesale marketing businesses together with its assets and liabilities. Full Article
l After Facebook, Reliance Jio Platforms in Talks with Other Global Investors for Similar Stake Sale By www.news18.com Published On :: Thu, 30 Apr 2020 09:01:38 +0530 Without revealing the identity of the companies, RIL in its fourth-quarter earnings statement said the investment would be announced in the coming months. Full Article
l March GST Collection Sinks to Rs 28,309 Crore, Down From Rs 1.13 Lakh Crore Last Year By www.news18.com Published On :: Thu, 30 Apr 2020 11:04:48 +0530 Government officials said that collection numbers present a worrying trend, given that normal business activities were underway till March 24 when a nationwide lockdown was announced. Full Article
l Covid-19: Fitch Downgrades Viability Ratings of SBI, BoB, ICICI and Axis Bank By www.news18.com Published On :: Thu, 30 Apr 2020 11:17:40 +0530 The agency affirmed the long-term issuer default ratings (IDR) of SBI and BOB at 'BBB-' and those of ICICI Bank and Axis Bank at 'BB+'. Full Article
l EPFO Allows Firms to File PF Returns Without Simultaneous Payment of Dues By www.news18.com Published On :: Thu, 30 Apr 2020 11:55:23 +0530 The PF returns have details about employees' and employers' contributions towards the social security scheme run by the Employees' Provident Fund Organisation (EPFO). Full Article
l Oil Prices Jump after US Stockpiles Grow Less than Feared, Output Cuts Kick in By www.news18.com Published On :: Fri, 1 May 2020 07:27:28 +0530 Brent crude for July delivery, which started trading on Friday as the new front-month contract, was up $1.10, or 4.2%, at $27.58 a barrel by 0013 GMT. Full Article
l Gold Gains on Bleak US Data, But En Route for 2% Weekly Fall By www.news18.com Published On :: Fri, 1 May 2020 09:40:25 +0530 Millions more Americans filed claims for unemployment benefits last week, lifting the number of applications to 30.3 million since March 21, data showed. Full Article
l Financial Markets to Remain Shut for Maharashtra Day By www.news18.com Published On :: Fri, 1 May 2020 10:48:13 +0530 All major financial markets in India will remain closed on Friday on account of Maharashtra Day. Full Article
l Amazon Sees Possible Second-quarter Loss as it Forecasts $4 Billion in Covid-19-Related Costs By www.news18.com Published On :: Fri, 1 May 2020 12:37:22 +0530 The coronavirus has infected workers at dozens of locations, igniting small protests and prompting labour organisers to demand site closures Full Article
l Bank Holidays in May 2020: Check Full List Here By www.news18.com Published On :: Fri, 1 May 2020 12:39:09 +0530 With the lockdown in place, many banks have limited their working hours. Every second and fourth Saturday is also a bank holiday. Full Article
l Lockdown Period, Global Recession & Changes in Consumer Behaviour to Shape Economic Activity: Report By www.news18.com Published On :: Fri, 1 May 2020 01:06:52 +0530 According to Dun & Bradstreet's latest report, changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic comes under control. Full Article
l Sebi Exempts Four Family Trusts Linked to Lux Industries' Promoters From Open Offer Obligation By www.news18.com Published On :: Fri, 1 May 2020 03:16:36 +0530 The proposed acquisition involves settlement or contribution of equity shares of the company to the four trusts by Ashok Todi, Bimla Todi, Pradip Todi and Shobha Todi. Full Article
l Non-subsidised Cooking Gas Price Cut by a Record Rs 162.50 per Cylinder By www.news18.com Published On :: Fri, 1 May 2020 03:20:38 +0530 The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing. Full Article
l Covid-19: AP Govt to Clear All Industrial Incentives, Waive Power Charge for 3 Months to Boost MSMEs By www.news18.com Published On :: Fri, 1 May 2020 04:07:15 +0530 The state government has also decided to provide working capital loans to MSMEs at lower interest rates. A fund to the tune of Rs 200 crore would be created to lend loans between Rs 2-10 lakh. Full Article
l London Court Dismisses ArcelorMittal Appeal against Essar By www.news18.com Published On :: Fri, 1 May 2020 04:08:41 +0530 The high court order of March 30 came as steelmaker ArcelorMittal looked to enforce a $1.5 billion arbitral award stemming from a soured supply agreement. Full Article
l Lockdown Led to Subdued Economic Activity But Saved India From Lot of Agony: SBI chairman By www.news18.com Published On :: Fri, 1 May 2020 04:50:04 +0530 Nationwide lockdown should only be lifted once the situation is fully under control, said State Bank of India Chairman Rajnish Kumar. Full Article
l Sugar Output Falls 20% in October-April; Last 2 Months Sales Dip by 10 Lakh Tonne Due to Lockdown By www.news18.com Published On :: Fri, 1 May 2020 08:06:18 +0530 Sugar sales in March and April declined by 10 lakh tonne because of the imposition of nationwide lockdown to control the coronavirus disease, the Indian Sugar Mills Association (ISMA) said. Full Article
l India Set to Cap Stimulus Package at $60 Billion to Protect Credit Rating: Report By www.news18.com Published On :: Fri, 1 May 2020 09:13:58 +0530 On Tuesday, Fitch warned India's sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis. Full Article
l Graded Exit From Lockdown Would Be Good For Businesses, Say 86% of CEOs in CNBC-CII Poll By www.news18.com Published On :: Fri, 1 May 2020 09:23:27 +0530 On the effectiveness of India's COVID-19 strategy, 73% of the respondents said it has been successful so far. Full Article
l CNBCTV18-CII Poll: What Heads of Top Institutions Said on India's Strategy to Revive Economy After Covid-19 By www.news18.com Published On :: Fri, 1 May 2020 10:03:57 +0530 SBI Chairman Rajnish Kumar said he is hopeful of more relaxations by May 31 and expects economic activity to return by the festive season. Full Article
l Elon Musk Wipes Nearly $15 Billion Off Tesla’s Valuation With His 'Price Too High' Tweet By www.news18.com Published On :: Sat, 2 May 2020 08:43:56 +0530 The tweets recall Musk's controversial tweets in August 2018 when he said he had "funding secured" for a quickly-aborted campaign to take the electric car maker private. Full Article
l Tata Steel Announces Plans Aimed at Creating World's First Zero Carbon Industrial Cluster in UK By www.news18.com Published On :: Sat, 2 May 2020 10:04:23 +0530 Phase one of the Tata Steel's European business project will create a plan for a series of local zero-carbon areas, create skilled jobs and enhance well-being across South Wales. Full Article
l PM Meets FM, Home Minister to Discuss 2nd Economic Stimulus Package for Affected Sectors By www.news18.com Published On :: Sat, 2 May 2020 05:55:10 +0530 PM Narendra Modi, who held discussions with Amit Shah and Nirmala Sitharaman, on Friday held meetings with different ministries including civil aviation, labour and power. Full Article
l Difficult to Take Medium and Long-term Views of the Situation: SBI Official By www.news18.com Published On :: Sat, 2 May 2020 05:25:58 +0530 The bank is looking at the short term now - the next two or three quarters, a senior SBI official said on condition of anonymity. Full Article
l In Meeting with Bank Chiefs, RBI Governor Reviews Execution of Measures to Reduce Financial Stress By www.news18.com Published On :: Sat, 2 May 2020 06:48:31 +0530 In his opening remarks, the governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period. Full Article
l Moneycontrol Pro Completes a Year, Aims to Offer More Value to Its Subscribers By www.news18.com Published On :: Sat, 2 May 2020 07:22:32 +0530 The product has emerged as the fastest growing financial subscription service, reaching a subscriber base of 1,60,000 in less than a year. Full Article
l As Moneycontrol Pro Turns 1, A Note to Readers from The Opinion Team By www.news18.com Published On :: Mon, 4 May 2020 06:46:30 +0530 It is now, more than ever, that investors need credible and timely information that will allow them to take decisions in the midst of extraordinary uncertainty. Full Article
l Warren Buffett's Berkshire Hathaway Posts Nearly $50 Billion Loss as Coronavirus Hits Hard By www.news18.com Published On :: Sun, 3 May 2020 10:57:40 +0530 A year earlier, the conglomerate reported profits of $15.5 billion. Full Article
l RBI Cancels Licence of Mumbai-based CKP Co-operative Bank; Depositors to Get Up to Rs 5 Lakh By www.news18.com Published On :: Sat, 2 May 2020 11:50:46 +0530 The RBI said the bank is not in a position to pay its current or future depositors and has violated regulatory norms for minimum capital requirement. Full Article
l PM Modi Holds Meetings to Firm Up Second Stimulus for Reviving Lockdown-hit Economy By www.news18.com Published On :: Sat, 2 May 2020 11:38:33 +0530 The prime minister also had discussions with key economic ministries such as Agriculture and Farmers' Welfare, and MSME to discuss various issues. Full Article
l Covid-19 Not an End to Coworking Culture, Says Industry By www.news18.com Published On :: Sun, 3 May 2020 12:49:50 +0530 Reeling under pressure due to sharp drop in footfalls following the COVID-19 pandemic, operators in the country's coworking industry believe the blip could be temporary and demand for flexible space would go up again as some key factors are going for them. Full Article
l Sebi Imposes Total Rs 1.05 Cr Fine on 21 Entities in Jolly Plastic Industries Case By www.news18.com Published On :: Sun, 3 May 2020 12:56:37 +0530 Sebi has imposed a total penalty of Rs 1.05 crore on 21 entities for executing fraudulent trading in the scrip of Jolly Plastic Industries Ltd. Full Article
l As Moneycontrol Pro Turns 1, a Note to Readers from the Research Team By www.news18.com Published On :: Sun, 3 May 2020 01:51:33 +0530 A recap, some gratitude and our continuing promise of quality. Full Article
l 10 Most-valued Domestic Firms Together Add Rs 3.10 Lakh Crore to M-cap; TCS Biggest Gainer By www.news18.com Published On :: Sun, 3 May 2020 03:23:55 +0530 Tata Consultancy Services' market valuation zoomed Rs 73,753.12 crore to Rs 7,56,049.23 crore, becoming the biggest gainer in the top-10 chart. Full Article
l CII For Greater Industrial Activities in Districts With High Economic Performance By www.news18.com Published On :: Sun, 3 May 2020 04:17:51 +0530 The government has permitted industrial estates, SEZ and industrial townships with restricted entry within urban areas of 'red zones' to commence operations. Full Article
l Foreign Investors Keen To De-risk China Businesses, India Should Seize Opportunity: BJP Leader By www.news18.com Published On :: Sun, 3 May 2020 05:54:40 +0530 Asked about the reluctance of lenders to extend advances to small and medium enterprises, Panda said banks are "afraid" of increasing their lending to businesses despite several policy rate cuts by the Reserve Bank of India. Full Article
l There Will be Flight of Capital From China Post Coronavirus Phase, Says BJP's Ram Madhav By www.news18.com Published On :: Sun, 3 May 2020 08:50:18 +0530 Madhav said Asian democracies like Singapore and South Korea along with India have set a "new example that you don't need to be authoritarian to handle such a big crisis". Full Article