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Fair play: The petitioner in the case is a senior citizen receiving a concentrator as a gift from a nephew abroad.

GST Council to mull COVID relief: Govt.

Vikas Dhoot Finance Ministry tells court it is receptive to citizens’ needs, has already offered significant duty relief

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Taxpayers fret over GST deadline relief

Vikas Dhoot Contrary filing timelines vex MSMEs

6hrs

‘Tractor sales growth may ease to 3-5% in FY22’

Special Correspondent Crisil cites rising cases, high-base effect

6hrs

Canara Bank posts ₹1,010 cr. Q4 net profit

Special Correspondent Canara Bank reported fourth quarter net profit of ₹1,010 crore as against a net loss of ₹6,567 crore in the corresponding year-earlier period. The

6hrs

Image for representational purposes only.

Rupee gains for third straight session; rises 17 paise to 73.05 against dollar

A view of the Bombay Stock Exchange building in Mumbai. File

Sensex recaptures 50,000-level; Nifty above 15,000

Samsung Electronics Vice Chairman Lee Jae-yong | File

Samsung thrives as Seoul mulls pardon of corporate heir

Image used for representation purpose

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

A hoarding with an image of Baba Ramdev is seen inside a Patanjali store in Ahmedabad. File

Patanjali Ayurved raises ₹ 175 crore through NCDs

PTI This is the second debenture issuance by Patanjali Ayurved.

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.

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.

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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Image for representational purposes only.

Rupee gains for third straight session; rises 17 paise to 73.05 against dollar

PTI At the interbank forex market, the rupee opened at 73.18 and hit an intra-day high of 72.95 and a low of 73.18 during the session.

A view of the Bombay Stock Exchange building in Mumbai. File

Sensex recaptures 50,000-level; Nifty above 15,000

PTI At the closing bell, the 30-share BSE index was quoted 612.60 points or 1.24% higher at 50,193.33

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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Canara Bank posts ₹1,010 cr. Q4 net profit

Maruti Suzuki, Zydus Hospital partner to open new hospital in Gujarat

Google rolls out News Showcase in India

Air traffic declines 27% in April: DGCA

Credit Suisse to add 1,000 IT staff in India

Intra-circle roaming starts in cyclone-hit States: COAI

Mphasis units to hire 800 in 3 countries

Mphasis announced plans to open development centres in Mexico, Costa Rica and Taiwan. Together, these new centres will create about 800 jobs in the

‘Tractor sales growth may ease to 3-5% in FY22’

Crisil cites rising cases, high-base effect

Taxpayers fret over GST deadline relief

Contrary filing timelines vex MSMEs

GST Council to mull COVID relief: Govt.

Finance Ministry tells court it is receptive to citizens’ needs, has already offered significant duty relief

Apple's App Store chief kicks off iPhone maker's defense at Epic Games trial

Schiller, who has spent three decades at the iPhone maker, is expected to spend more than 10 hours on the witness stand in federal court in Oakland, California, rebutting Epic's allegations that Apple has monopoly over mobile developers.

India’s PC market records highest ever first-quarter shipments

The PC shipments in the country surged 73.1% to 3.1 million units in the first quarter of 2021, compared to the previous year, according to a report by research firm IDC.

Sensex recaptures 50,000-level; Nifty above 15,000

At the closing bell, the 30-share BSE index was quoted 612.60 points or 1.24% higher at 50,193.33

Rupee gains for third straight session; rises 17 paise to 73.05 against dollar

At the interbank forex market, the rupee opened at 73.18 and hit an intra-day high of 72.95 and a low of 73.18 during the session.

Patanjali Ayurved raises ₹ 175 crore through NCDs

This is the second debenture issuance by Patanjali Ayurved.

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

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

Samsung thrives as Seoul mulls pardon of corporate heir

Lee Jae-yong runs Samsung as vice chairman and is the country’s richest person.

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

People and NGOs purchasing supplies from abroad are also mired in red tape

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

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

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

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

Business Live:

Updates from the world of economy, markets, and finance

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 $95 mn in eyewear firm Lenskart

Private equity firm KKR said it had decided to invest $95 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

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