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Job loss bodes ill for economy, spurring demand is key, says Mahesh Vyas

K. Bharat Kumar April’s labour participation rate was lower than in March 2020, says CMIE’s Vyas.

‘Demand takes big hit on second wave’

Special Correspondent Economic indicators moderate through April-May as COVID-19 cases overwhelm India: RBI Bulletin

Image for representation purpose only. File

Centre sees no impact to Air India sale from Cairn suit

Jagriti Chandra The national carrier would deal with the suit legally when it receives a court notice, an official said.

Bharti Airtel. File

Bharti Airtel posts ₹759 crore profit for January-March

Yuthika Bhargava Bharti Airtel had posted a loss of ₹5,237 crore in the same period a year ago

Sichuan resumes cargo flights, brings relief to pharma firms

Image used for representation purpose. File photo

Rupee rises by 7 paise to 73.22 against U.S. dollar

Bombay Stock Exchange (BSE), in Mumbai. File

Sensex rallies 848 pts; financial stocks sparkle

File photo for representation.

Gold, silver gain on strong global trends

CEO of Branded Markets (India & Emerging Markets), Dr. Reddy’s Laboratories, M.V. Ramana (left) and president, Hospitals Division, Apollo Hospitals Enterprises Limited, K. Hari Prasad at the launch Sputnik V vaccine programme at Apollo Hospitals, Jubilee Hills in Hyderabad on Monday, May 17, 2021.

Apollo Hospitals begins administering Sputnik V vaccine in Hyderabad

N. RAVI KUMAR Marketing partner for Sputnik V in India, Dr. Reddy’s had on May 14 announced the rollout of the vaccine in the country

Airtel offers free recharge pack to low-income customers

Special Correspondent Additionally, the company added that its prepaid customers buying the ₹79 recharge coupon would get double the benefit.

Pandemic pushing up valuations of e-com ventures: VC/PE players

Mini Tejaswi Covid also put India under risk category for investment: V Balakrishnan

21mins

Opinion & Analysis

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A Budget that fails to address the hunger pandemic

Dipa Sinha In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all

A promising Budget with a few disappointments

M.Govinda Rao While the Budget promises to revive the economy faster, it continues to emphasise the protectionist trend

The Finance Minister has delivered, but the road ahead is long: on Union Budget 2021

Ananth Narayan This Budget scores very high marks on credibility and on its potential to create domestic output and jobs, but much more remains to be done

Markets

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A view of the Bombay Stock Exchange building in Mumbai.

Sensex zooms over 600 points in early trade; Nifty tests 15,100

PTI Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a positive note in mid-session deals.

4hrs

File photo for representation.

Rupee opens on flat note, rises 7 paise to 73.15 against U.S. dollar in early trade

PTI This is a result of tracking the weakness in the American currency and positive domestic equities.

3hrs

Economy

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Job loss bodes ill for economy, spurring demand is key, says Mahesh Vyas

K. Bharat Kumar April’s labour participation rate was lower than in March 2020, says CMIE’s Vyas.

In nine increases, petrol price has risen by ₹2.19 per litre and diesel by ₹2.49. File

Petrol, diesel price hiked again; petrol price nears ₹99 in Mumbai

PTI A litre of petrol in Mumbai now comes for ₹98.88 and diesel is priced at ₹90.40 per litre

Industry

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Pandemic pushing up valuations of e-com ventures: VC/PE players

Samsung thrives as Seoul mulls pardon of corporate heir

COVID-19 surge: Customs duty, GST proving to be a hurdle for Bengaluru organisations receiving aid from abroad

Rupee opens on flat note, rises 7 paise to 73.15 against U.S. dollar in early trade

Sensex zooms over 600 points in early trade; Nifty tests 15,100

Business Live:

AT&T spins off media via $43-bn Discovery deal

Unwinds $108.7-bn Time Warner buy

SEBI invites comments on gold exchange

Regulator floats consultation paper

Natco Pharma signs pact with Eli Lilly for Baricitinib

Withdraws application seeking Compulsory License against Lilly for the COVID-19 drug

KKR to invest $90 mn in eyewear firm Lenskart

Private equity firm KKR said it had decided to invest $90 million in Lenskart, an omni-channel eyewear retailer. The company on Monday signed a

EV maker Okinawa to invest ₹150 crore

Okinawa Autotech, an electric two-wheeler manufacturer, will invest ₹150 crore during the current financial year to grow its product portfolio and

HCL Technologies to hire 1,000 people in the U.K.

Firm to boost investments, operations

Moglix raises $120 million

Moglix, an industrial B2B commerce platform in manufacturing, said it has raised $120 million in Series E funding based on which it has become a

Sichuan resumes cargo flights, brings relief to pharma firms

Industry sources up to 70% of inputs from China

Bharti turns a Q4 profit of ₹759-cr. on one-time gain

Telco’s FY21 loss halves to ₹15,084 cr.

WPI inflation hits high of 10.5%

Industry frets, urges Centre to rationalise fuel taxes

‘Demand takes big hit on second wave’

Economic indicators moderate through April-May as COVID-19 cases overwhelm India: RBI Bulletin

Job loss bodes ill for economy, spurring demand is key, says Mahesh Vyas

April’s labour participation rate was lower than in March 2020, says CMIE’s Vyas.

Centre sees no impact to Air India sale from Cairn suit

The national carrier would deal with the suit legally when it receives a court notice, an official said.

Gold, silver gain on strong global trends

In the previous trade, the precious metal had closed at ₹47,199 per 10 gram.

Sensex rallies 848 pts; financial stocks sparkle

IndusInd Bank was the top gainer in the Sensex pack, rallying over 7%.

Rupee rises by 7 paise to 73.22 against U.S. dollar

At the interbank forex market, the rupee opened at 73.24 and hit an intra-day high of 73.16 and a low of 73.26.

Bharti Airtel posts ₹759 crore profit for January-March

Bharti Airtel had posted a loss of ₹5,237 crore in the same period a year ago

Bombay High barge de-anchors, but all 261 onboard safe: ONGC

Bombay High off the Mumbai cost is the largest oil and gas assets of ONGC.

Shilpa Medicare arm to make Sputnik V vaccine

Collaborates with Dr. Reddy’s, exploring option to manufacture Sputnik Lite

Apollo Hospitals begins administering Sputnik V vaccine in Hyderabad

Marketing partner for Sputnik V in India, Dr. Reddy’s had on May 14 announced the rollout of the vaccine in the country

WhatsApp installs fall over 40% as users download rival apps

The Facebook-owned company announced a contentious privacy policy update in January, triggering a mass exodus of users to rival apps Signal and Telegram.

Facebook still gives low priority to elections in India and other countries, says whistleblower Sophie Zhang

Sophie posted a 7,800-word memo to the company’s internal forum after she was fired from Facebook in the fall of 2020

WPI soars to 10.5% in April

Inflation in wholesale prices soared to 10.5% in April, from 7.4% in March and 4.8% recorded in February, as per the Wholesale Price Index (WPI). The

Facebook faces prospect of 'devastating' data transfer ban after Irish ruling

A Facebook spokesman said the company looked forward to defending its compliance with EU data rules as the Irish regulator's provisional order "could be damaging not only to Facebook, but also to users and other businesses".

Microsoft investigated Gates before he left board: report

The Wall Street Journal reported that Gates resigned before the board's investigation was finished, citing another person familiar with the matter.

Sensex surges over 300 points in early trade; Nifty tests 14,750

Elsewhere in Asia, bourses in Shanghai and Hong Kong were trading on a positive note in mid-session deals, while Tokyo and Seoul were in the red.

Today's top business news: Shares rise with financials in lead as COVID-19 cases fall, WPI soars to 10.5% in April, NEFT to remain unavailable for 14 hrs on Sunday due to technical upgrade, and more

Updates from the world of economy, markets, and finance

Ask Us: On investments

Q. My father has received a sum of ₹8 lakh after retirement and he is adamant on keeping that sum as a fixed deposit in a public sector bank. The

Beyond all suffering, tears and loss

Battles are waged against the pandemic every day. Won or lost, one has to foot the bill. A health cover is a boon in these testing times

For a life term of no regrets

In a pandemic, it is easy to rush into buying a life insurance policy. But a considered choice will help secure the future of dependants

Cairn identifies $70 billion Indian assets for seizing to recover amount due from govt

Once a court recognises Air India as the alter ego of the Indian government, Cairn can seek attachment or seizure of its assets in the US.

Airtel offers free recharge pack to low-income customers

Additionally, the company added that its prepaid customers buying the ₹79 recharge coupon would get double the benefit.

Centre asks states to keep ration shops open on all days, for longer duration

The Centre on Sunday asked the state governments to keep ration shops, also called fair price shops, open for a longer duration and on all days to

Petrol, diesel price hiked again; petrol price nears ₹99 in Mumbai

A litre of petrol in Mumbai now comes for ₹98.88 and diesel is priced at ₹90.40 per litre

Explained | Why is the flow of relief supplies to India facing problems?

Is the Central government taking steps to ease the hurdles in accessing foreign COVID-19 aid?

Orpat Group to invest ₹125 cr. on expansion

Appliances maker sees rising demand

‘Great Restructuring’ is the new turning point: L&T Infotech

‘Customers increasingly looking at digital interventions’

Special GST refund drive till May 31

The Revenue Department on Saturday announced a fortnight-long special drive to clear pending GST refund claims, citing the possible adverse impact on

GST Council to convene on May 28

Centre, States likely to discuss inclusion of petroleum products, levies on critical COVID supplies

Power usage rose 19% in first fortnight of May

Consumption rose to 51.7 billion units

Maharashtra government exempts truckers from RT-PCR test for entering state

In a relief to road transporters, the Maharashtra government has done away with the mandatory RT-PCR test requirement for the truck drivers in the

Chola Financial Holdings Q4 net ₹31.97 crore

For the year ended March 31, profit was ₹21.71 crore, against ₹83.33 crore.

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