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03.06.2020 / 11:19

₹3,800 crore disbursed under emergency credit line guarantee scheme: Govt

NEW DELHI: State-owned lenders have sanctioned loans worth ₹10,362 crore under the recently announced emergency credit line guarantee scheme, of which a little over a third has been disbursed.

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Covid-19: Delhi forms 5-member committee to look into healthcare infrastructure

NEW DELHI: The Delhi government on Wednesday formed a five-member committee to look into the national capital's healthcare infrastructure and facilities. The move comes after the government received flak following reports of people being denied treatment in covid-19 hospitals.

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Hydroxychloroquine flip-flop: Lancet expresses concern over safety risk study

NEW DELHI: Flip-flop over the use of hydroxychloroquine continued with The Lancet journal on Wednesday expressing concern about the observational study that showed risk from the anti-malaria drug in treating covid-19 patients.

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EPF withdrawal delayed? Apply under Covid rule for auto processing of claim

NEW DELHI : The Employees' Provident Fund Organisation (EPFO) has asked all PF account holders, facing delays in processing of withdrawal claims, to apply for withdrawals under the Covid pandemic rule for automatic processing of claims within just 72 hours.

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IndiGo to push ahead with A320neo delivery, focus on cost cut amid muted demand

NEW DELHI: InterGlobe Aviation Ltd, the operator of largest domestic airline IndiGo, will continue to aggressively take deliveries of cost-effective Airbus A320neo planes over the next two years. The airline plans to retire as many as 120 older Airbus A320ceo planes from its fleet during this period to reduce costs, chief executive Ronojoy Dutta said on Tuesday.

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After Mitron, Google removes app taking advantage of anti-China sentiment

NEW DELHI: After removing the controversial Mitron app from the Play Store, Google has now deleted 'Remove China Apps' from the platform as well. This is the second app that was gaining from the anti-Chinese propaganda amid the pandemic that Google has taken down this week.

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Parliamentary committee meetings come in the shadow of uncertainty

NEW DELHI: The prospect of holding a Parliamentary committee meeting seems bleak as senior officials of the home ministry did not turn up for the second time due to coronavirus-related health risks and relief work in their respective constituencies.

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Lockdown impact: India services PMI contracts sharply in May

NEW DELHI: Business activity across India’s services sector contracted sharply in May after a historic decline in April as the coronavirus-induced lockdown led to collapse in consumer demand.

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Severe cyclone approaches India's financial capital Mumbai

NEW DELHI – A storm in the Arabian Sea off India's west coast intensified into a severe cyclone on Wednesday, gathering speed as it barreled toward India's financial capital of Mumbai.

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Covid-19 disruption: Global PC market to decline 7% in 2020, says Canalys

NEW DELHI: Notwithstanding the rise in demand for laptops because of the surge in remote working and learning requirements, global PC and tablet shipments in calendar year 2020 are expected to decline 7% due to the financial impact of covid-19 and ensuing lockdown.

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Stocks to Watch: IndiGo, HDFC Bank, SBI, Britannia, HUL, NTPC, GAIL, Lupin

NEW DELHI : Here’s a list of stocks that may be in news on Wednesday:

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Zoom Jan-Mar revenue rockets 169% on year, video chat firm doubles 2020 guidance

NEW DELHI: Video-chat service Zoom beat its own revenue guidance as well as analysts’ forecasts, reporting a 169% year-on-year growth in its March quarter (Q1) revenues to $328.2 million from $122 million in the year-ago period. Both estimates were pegged at around $200 million.

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IITs redraft courses to ensure students do not lose time, jobs to virus

IIT Kanpur plans to not detain any student and to award them with A, B, C and S grades under a special system

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Trump invites Modi to attend G7 summit in US later this year

PM Modi said India would be happy to work with the US for proposed summit’s success

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Balance of power in Rajya Sabha slowly shifting in favour of NDA

The NDA may win at least half the 24 seats to which elections will be held, while Opposition may win in a few states

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Opinion | PM’s call to industry

That New Delhi has accorded priority to an economic revival was clear in much of what Modi said

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Govt says peak is yet to come as covid-19 cases cross 200,000

DCGI has approved the use of Gilead’s remdesivir to treat covid-19 patients, the government said

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Trusted and affordable products will see a surge in demand: R.S. Sodhi

No food category will decline. There may be changes in pack sizes or brands, but with or without covid-19, food will be consumed, R.S. Sodhi, MD, Gujarat Co-operative Milk Marketing Federation

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Drive-in theatres may get their moment under the stars

Drive-in cinemas have long struggled to find an audience in India but their fortunes may turn post lockdown

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Covid-19: Case count crosses 2 lakh in India; 1 lakh detected in last 15 days

New Delhi: The nationwide tally of confirmed COVID-19 cases crossed the 2-lakh mark on Tuesday with almost one lakh people testing positive for the dreaded virus infection in the last 15 days. The government, however, said its preventive measures to contain the disease have been very effective, as shown by a much lower fatality rate than several other countries.

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It is time to make smart villages, instead of smart cities: Gadkari

Migrant workers constitute between 10% and 20% of the industrial workforce and not all of them moved back during the lockdown, says Nitin Gadkari

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Delhi HC seeks affidavits from Centre, Delhi govt on data relating to migrant workers

The Act deals with regulations of employment of inter-State migrant workmen and to provide for their conditions of service and for matters connected therewith

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Four AAI officials test positive for Covid-19

New Delhi: Four Airports Authority of India (AAI) officials have tested positive for COVID-19 in the national capital on Tuesday, an AAI official said.

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Healthcare can be India’s next IT sector: Kiran Mazumdar-Shaw

It cannot be business as usual. This is an opportunity to usher in regulatory reforms, says Kiran Mazumdar-Shaw, MD, Biocon

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IndiGo cancels 17 Mumbai flights due to Cyclone Nisarga

Chhatrapati Shivaji Maharaj International Airport will be operating only 12 arrival flights on 3 June

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Delhi sees new high in daily Covid-19 cases; tally crosses 22,000

Death toll reaches 556 while there are 12,573 active cases in the national capital

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Modi speaks to Trump over phone, discusses Covid-19 situation among other issues

NEW DELHI: India and the US discussed on Tuesday the ongoing border tensions between India and China during a telephone call between US president Donald Trump and Indian prime minister Narendra Modi, made by the former to invite Modi to the G7 summit in the US later this year.

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20-30% of migrant labourers may not be employed post-covid: Ajay Piramal

The PM’s concept of a self-reliant India is a great initiative... We need to create demand first in India and then serve global markets, says Ajay Piramal, chairman, Piramal Group

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US, India need to build a strategic relationship that can lead the world: Burns

Speaking at CII’s annual session, Nicholas Burns, a former US undersecretary of state, said US and India can be the democratic example of how nations should live

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Paytm claims telecom firms not preventing phishing; HC seeks Centre, Trai response

One97 Communications Ltd, which runs Paytm, claims that millions of its customers have been defrauded by phishing activities and the failure of telcos to prevent the same has caused financial and reputational loss to it

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PIL in Delhi HC seeks effective education mechanism for specially-abled students during lockdown

Delhi HC issues notice to UGC and Delhi University on the plea

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Credit rating is matter of opinion: Uday Kotak on Moody's downgrade

NEW DELHI : Not seem to be convinced with India's sovereign rating downgrade by Moody's, Kotak Mahindra Bank managing director Uday Kotak on Tuesday said credit rating is a matter of opinion.

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Biocon arm Syngene develops ELISA test kits, ties up with HiMedia for production

Syngene claims that the testing kit has a capacity to test multiple samples together in a single run and generate results within 3 hours

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FMCG revenue to de-grow 2-3% in FY21: Crisil Ratings

Crisil’s estimates paint a bleak picture for the FMCG sector, as opposed to Nielsen’s estimates of 5-6% growth for the sector

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Transform agriculture sector: ITC's Puri

Government has laid the foundation for some transformative reforms, by providing alternate market access to farmers and the modification to the Essential Commodities Act, says Puri

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Covid-19: DCGI approves emergency use of Gilead’s remdesivir

NEW DELHI: Drug Controller General of India V.G. Somani has approved the use of Gilead Sciences Inc’s novel drug remdesivir to treat covid-19 patients, Lav Aggarwal, joint secretary in the health ministry, said on Tuesday.

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Russia backing Avifavir to treat Covid-19 good news for India: Scientists

New Delhi: Russia’s approval of the antiviral drug Avifavir to treat COVID-19 is good news for India as it is based on an influenza medication already in advanced clinical trials here, say scientists.

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France promises India to deliver Rafale fighter jets on time

NEW DELHI: India will get its Rafale fighter jets on time despite delays caused by the coronavirus pandemic, French Defence Minister Florence Parly told her Indian counterpart Rajnath Singh on Tuesday in a telephone conversation.

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Our preventive measures to curtail Covid-19 have been very effective: ICMR

New Delhi: India is far away from the peak of COVID-19 spread and its preventive measures have been "very effective", putting it in a much better position in comparison with other countries, the Centre said on Tuesday, even as the case count and death toll continued to mount.

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Covid-19 has accelerated digital transformation for Genpact, its clients: CEO

NEW DELHI: Business process management company Genpact has seen the covid-19 pandemic more than halve the time for the company's digital transformation to 1-2 years from 5 years. The US-headquartered company has been turning to digital and analytics to help its diversified portfolio of clients digitise their operations, said Tiger Tyagarajan, Genpact’s president and CEO.

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Covid impact: Ajay Piramal says 20-30% of migrant labour may not find work

NEW DELHI: India would continue to see high unemployment rates post-covid if the economy doesn’t revive soon, industrialists at a CII session warned. If more people fall below the poverty line, it could lead to a demographic nightmare.

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Pepsico's Lay's celebrates grit of all those who bring it from farm to finger

NEW DELHI: Celebrating the dedication and hard work of its supply chain workforce, Pepsico has launched a campaign, under its Lay’s brand, to share gratitude towards all those in its supply chain for being the unsung heroes in battling the challenges of the covid-19 pandemic.

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Graduating from IITs gets a makeover – from take home exam to flexible grading

NEW DELHI: Early graduation, take home exam, grading based on past performance, telephonic viva-voce are among a slew of measures that the elite Indian Institutes of Technology (IITs) have offered their graduating students as the covid-19 lockdown poses problem those who have job offers in hand but no degree.

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India wearable device market up 81% in March quarter

NEW DELHI: India shipped 4.2 million wearable devices, including wristbands, watches and earwears, in the March quarter, up 80.6% year-on-year (YoY), International Data Corporation’s (IDC) said in its latest report today.

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Lay's India celebrates grit of supply chain workers in new campaign

NEW DELHI: Lay's, the potato chips brand owned by PepsiCo India, launched a campaign to honour its supply chain workforce working amid the coronavirus pandemic and ongoing lockdown.

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₹871 crore loss in January-March on surge in cost

NEW DELHI: InterGlobe Aviation Ltd, which operates India’s largest airline IndiGo, reported a consolidated net loss of ₹871 crore for January-March, compared with a ₹596 crore profit in the year-ago quarter, because of a surge in cost amid tepid revenue growth.

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Income tax department opens ITR filing window for those using ITR 1 form

NEW DELHI : The income tax department today announced that it has opened the window for filing of income tax returns (ITR) for financial year 2019-20 (Assessment Year 2020-21) for those using ITR 1 form. Due to the situation arising out of the spread of coronavirus and the nationwide lockdown, the I-T department has delayed the process of issuing ITR forms this year. The ITR filing deadline has also been extended from July 31 to November 30.

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MG Motor to increase investment in EVs from 2022

NEW DELHI: MG Motors India Pvt Ltd, one of the new entrants in the domestic market, plans to increase its investment in the electric vehicle space in India from 2022.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0