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Nitin Gadkari Launches Portal for Innovative MSME Ideas

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.




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Glenmark Pharma Shares Trim Most of Early Gains, Close Over 2 % Higher

The company said it is the first firm in India to receive such an approval from the Drug Controller General of India (DCGI).




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Don't Let Telcos Charge Offices, Businesses for Unused Internet during Lockdown: PIL in Delhi HC

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.




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Investor Wealth Jumps Rs 7.68 Lakh Crore in Four Days of Market Rally

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.




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Infrastructure Development Critical for Achieving $5 Trillion Economy by 2025: Report

The report further said that the supply additions through infrastructure development boost short-term as well as the potential rate of GDP growth.




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Lockdown Impact: India's March Infrastructure Output Contracts 6.5% Compared to Last Year

The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed.




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NIP Task Force Calls for Boosting Private Investment in Highways at Rs 20.33 Lakh Crore by 2025

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.




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Allow E-commerce Entities to Operate Without Passes in Green Zones: IAMAI

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.




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RIL Q4 Results: Reliance Announces India's Biggest Rights Issue of Rs 53,125 Crore, Jio Profit Zooms 177%

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.




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Rupee Zooms 57 Paise to End at 75.09 against US Dollar

The greenback weakening overseas and optimism over a COVID-19 drug trial in the US further supported the local unit, forex traders said.




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Agriculture Infrastructure Funding Pegged at Rs 1.68 Lakh Crore for 2020-25: Govt Task Force

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).




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Reckitt Benckiser's Sales Hit Record On Coronavirus Disinfectant Boom

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.




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Asian Oil Sellers Add New 'Zero Price' Clause in Contracts: Report

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.




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Reliance to Hive off $75 Billion O2C Business into Separate Unit for Sale to Aramco

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.




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After Facebook, Reliance Jio Platforms in Talks with Other Global Investors for Similar Stake Sale

Without revealing the identity of the companies, RIL in its fourth-quarter earnings statement said the investment would be announced in the coming months.




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March GST Collection Sinks to Rs 28,309 Crore, Down From Rs 1.13 Lakh Crore Last Year

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.




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Covid-19: Fitch Downgrades Viability Ratings of SBI, BoB, ICICI and Axis Bank

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+'.




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EPFO Allows Firms to File PF Returns Without Simultaneous Payment of Dues

The PF returns have details about employees' and employers' contributions towards the social security scheme run by the Employees' Provident Fund Organisation (EPFO).




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Oil Prices Jump after US Stockpiles Grow Less than Feared, Output Cuts Kick in

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.




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Gold Gains on Bleak US Data, But En Route for 2% Weekly Fall

Millions more Americans filed claims for unemployment benefits last week, lifting the number of applications to 30.3 million since March 21, data showed.




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Financial Markets to Remain Shut for Maharashtra Day

All major financial markets in India will remain closed on Friday on account of Maharashtra Day.




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Amazon Sees Possible Second-quarter Loss as it Forecasts $4 Billion in Covid-19-Related Costs

The coronavirus has infected workers at dozens of locations, igniting small protests and prompting labour organisers to demand site closures




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Bank Holidays in May 2020: Check Full List Here

With the lockdown in place, many banks have limited their working hours. Every second and fourth Saturday is also a bank holiday.




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Lockdown Period, Global Recession & Changes in Consumer Behaviour to Shape Economic Activity: Report

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.




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Sebi Exempts Four Family Trusts Linked to Lux Industries' Promoters From Open Offer Obligation

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.




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Non-subsidised Cooking Gas Price Cut by a Record Rs 162.50 per Cylinder

The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing.




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Covid-19: AP Govt to Clear All Industrial Incentives, Waive Power Charge for 3 Months to Boost MSMEs

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.




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London Court Dismisses ArcelorMittal Appeal against Essar

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.




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Lockdown Led to Subdued Economic Activity But Saved India From Lot of Agony: SBI chairman

Nationwide lockdown should only be lifted once the situation is fully under control, said State Bank of India Chairman Rajnish Kumar.




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Sugar Output Falls 20% in October-April; Last 2 Months Sales Dip by 10 Lakh Tonne Due to Lockdown

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.




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India Set to Cap Stimulus Package at $60 Billion to Protect Credit Rating: Report

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.




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​​​Graded Exit From Lockdown Would Be Good For Businesses, Say 86% of CEOs in CNBC-CII Poll

On the effectiveness of India's COVID-19 strategy, 73% of the respondents said it has been successful so far.




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CNBCTV18-CII Poll: What Heads of Top Institutions Said on India's Strategy to Revive Economy After Covid-19

SBI Chairman Rajnish Kumar said he is hopeful of more relaxations by May 31 and expects economic activity to return by the festive season.




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Elon Musk Wipes Nearly $15 Billion Off Tesla’s Valuation With His 'Price Too High' Tweet

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.




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Tata Steel Announces Plans Aimed at Creating World's First Zero Carbon Industrial Cluster in UK

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.




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PM Meets FM, Home Minister to Discuss 2nd Economic Stimulus Package for Affected Sectors

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.




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Difficult to Take Medium and Long-term Views of the Situation: SBI Official

The bank is looking at the short term now - the next two or three quarters, a senior SBI official said on condition of anonymity.




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In Meeting with Bank Chiefs, RBI Governor Reviews Execution of Measures to Reduce Financial Stress

In his opening remarks, the governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.




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Moneycontrol Pro Completes a Year, Aims to Offer More Value to Its Subscribers

The product has emerged as the fastest growing financial subscription service, reaching a subscriber base of 1,60,000 in less than a year.




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As Moneycontrol Pro Turns 1, A Note to Readers from The Opinion Team

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.




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Warren Buffett's Berkshire Hathaway Posts Nearly $50 Billion Loss as Coronavirus Hits Hard

A year earlier, the conglomerate reported profits of $15.5 billion.




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RBI Cancels Licence of Mumbai-based CKP Co-operative Bank; Depositors to Get Up to Rs 5 Lakh

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.




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PM Modi Holds Meetings to Firm Up Second Stimulus for Reviving Lockdown-hit Economy

The prime minister also had discussions with key economic ministries such as Agriculture and Farmers' Welfare, and MSME to discuss various issues.




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Covid-19 Not an End to Coworking Culture, Says Industry

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.




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Sebi Imposes Total Rs 1.05 Cr Fine on 21 Entities in Jolly Plastic Industries Case

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.




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As Moneycontrol Pro Turns 1, a Note to Readers from the Research Team

A recap, some gratitude and our continuing promise of quality.




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10 Most-valued Domestic Firms Together Add Rs 3.10 Lakh Crore to M-cap; TCS Biggest Gainer

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.




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CII For Greater Industrial Activities in Districts With High Economic Performance

The government has permitted industrial estates, SEZ and industrial townships with restricted entry within urban areas of 'red zones' to commence operations.




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Foreign Investors Keen To De-risk China Businesses, India Should Seize Opportunity: BJP Leader

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.




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There Will be Flight of Capital From China Post Coronavirus Phase, Says BJP's Ram Madhav

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".