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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.

6hrs

‘Demand takes big hit on second wave’

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

5hrs

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

5hrs

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.

SEBI invites comments on gold exchange

Special Correspondent Regulator floats consultation paper

4hrs

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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Bombay Stock Exchange (BSE), in Mumbai. File

Sensex rallies 848 pts; financial stocks sparkle

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

Image used for representation purpose. File photo

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

PTI 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.

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.

6hrs

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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SEBI invites comments on gold exchange

Natco Pharma signs pact with Eli Lilly for Baricitinib

KKR to invest $90 mn in eyewear firm Lenskart

EV maker Okinawa to invest ₹150 crore

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

Moglix raises $120 million

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.

Finance Minister Nirmala Sitharaman to hold GST Council meeting on May 28

Issues such as Inclusion of petroleum products under the GST regime, levies on critical COVID-19 supplies, vaccines are to be taken up

Cairn moves U.S. court to attach Air India assets

The move ratchets up pressure on the Union govt to pay the sum of $1.2 billion plus interest and costs that Cairn Energy was awarded by an arbitration tribunal in December

CBIC to hold special drive to clear refunds

The CBIC has asked field offices to clear all pending refunds of customs and drawback claims by the month-end. The Central Board of Indirect Taxes and

Exports surge in April on low-base effect

India’s exports in April jumped almost threefold to $30.63 billion from $10.36 billion in the same month last year, according to government data.

Walmart to allow vaccinated shoppers, workers to go maskless

On Thursday, the Centers for Disease Control and Prevention eased mask-wearing guidance for fully vaccinated people, allowing them to stop wearing masks outdoors in crowds and in most indoor settings.

‘Independent directors’ number declining: IiAS

PSUs not filling up positions, it says

‘Hard to set up body to regulate cryptocurrency’

Setting up an appropriate regulatory framework for cryptocurrencies and crypto assets in India continues to be a challenge with other countries taking

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