Corporate profit to GDP ratio hits 10-year high of 2.63% in FY21

India Inc's combined net profit was up 57.6% to Rs 5.31 trillion in FY21

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CoalMin targets projects worth Rs 41K-crore for asset monetisation

These projects include coal washeries, coal gasification, first-mile connectivity for building coal silos/mechanised loading, offering mines to private firms under mine developer and operator model

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Staring at huge losses, malls seek to reopen as Mumbai begins unlock

Shop timings extended but formal spaces still shut, say industry players

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Next oil reserves plan by Sept, to see Rs 14K-crore investment: ISPRL

Request for proposal document awaiting Centre's nod

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Suppliers may be fined 10% if they fail to meet local content needs

DPIIT is considering changes in the current procurement norms to further increase the minimum local content requirement in public procurement tenders

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OMCs pay 73% higher excise duty even as crude oil prices decline

The top four OMCs paid all-time high excise duty of Rs 2.87 trn in FY21, up from Rs 1.66 trn in FY20

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Vernacular.ai secures $25 million funding from WestBridge Capital

WestBridge Capital manages over $3 billion of capital, which focuses primarily on investments in India.

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Wockhardt plans tie-ups for next-gen Covid-19 vax, aims to make 2 bn doses

Company aims to make 2 billion doses of vaccines in 1 to 2 years

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Explained: How the monitoring tool works to identify online pirated content

Intelligent tools are being deployed to detect content pirated from streaming platforms

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'Mumbai model' demonstrates how tech can facilitate battle against Covid-19

The adoption of technology enabled India's financial capital to fight the pandemic's second wave efficiently

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RBI's status quo policy may revolve around Covid-19 pandemic measures

RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement

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Statsguru: Six charts explain India's $3-trn market cap cheer amid Covid-19

The ratio of the value of all companies in the stock market to the size of the Indian economy is now in excess of 100 per cent

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Covid-19 second wave: Global start-ups reach out with healthtech solutions

Developed economies like the US and the UK have been using central repositories for decades

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Maruti Suzuki digitises to click with buyers: How exactly does it work?

India's largest car maker is finding traction in the national roll-out of its digital financial services platform

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Explained: How politics, Covid-19 pandemic are taking a toll on Nepal

A survey showed 65.5% Nepalese people don't trust political leaders: Of whom 44.9% didn't trust Oli

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Regulate big tech but not at the expense of user rights: Mishi Choudhary

The heavy-handed ways in which the government has been behaving in shaping the narrative and curbing dissent make even genuine attempts at regulating big tech suspicious, says Choudhary

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In Uttarakhand, Covid-19 pandemic wave presents uphill task for BJP

The new chief minister has rescinded some unpopular decisions of his predecessor

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Covid-19 pandemic: Hotels can't offer vaccine package, says Centre

Necessary legal and administrative actions should be initiated against institutions which are giving package for Covid vaccination in collaboration with hotels, Additional Secretary to Health Min said

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Iran and world powers resume 'final round' of nuclear deal talks

In 2018, then-President Donald Trump pulled the US unilaterally out of the agreement

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IHCL, chef Sanjeev Kapoor, Jose Andres offer meals to healthcare workers

Kapoor and WCK have partnered with Indian Hotels Company (IHCL) for its MealsToSmiles initiative

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Major states may finish Covid-19 vaccination by July 2022: Report

At the current pace, UP and Maharashtra would take 15 and 17 months respectively to cover their universal population

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GST compensation: Oppn-ruled states claim Rs 55,000-cr underestimation

They have also sought an additional compensation of Rs 65,000 crore for FY21

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Covid-19 crisis: India pins hope on more vaccine supply from the US

The US government promised to stand with India as it continues to fight the resurgence of the pandemic

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Home sales in Tier II and III cities fall in April amid Covid-19 pandemic

The sales in April this year stood at 5,980 units, almost 2.5 times higher than April 2020

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The rocket rupee

It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai

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Distant thunder in the world economy

We're in the happy period of global economy coming back to life, but we need to watch carefully the US inflation situation

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$414 bn in profits can be gained by using cloud for biz growth: Research

The research shows that enterprises in the six regions surveyed can add up to $414 billion in net new profits

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The rural worry

Bharat is suffering on multiple counts

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More misses than hits

GST Council should have addressed pressing issues

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All eyes on GoM call on taxing Covid items

Under the GST laws, hundreds of mass consumption items and essential services are exempted fully or attract a lower rate of tax than the standard rate of 18%

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Attacking addictive algorithms

India has to put in place rules that seek more transparency from technology companies. Domestic and global companies that use consumer behaviour data to enhance addictive behaviour must be scrutinised

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Paytm board grants in-principle approval for around Rs 22,000 crore IPO

Digital payments and financial services firm Paytm has received in-principle approval from the company's board to raise around Rs 22,000 crore through an initial public offer during the October-December quarter this year, according to an industry source. The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday. "The board of directors of Paytm has given in-principle approval for the mega IPO planned to be launched in October-December quarter. The company expects to raise around Rs 21,000-Rs 22,000 crore from the IPO. This will also give some of the existing investors to offload some of their stake," the source aware of the development told PTI. The board meeting of the company was held on Friday. When contacted, Paytm spokesperson declined to comment. It is likely to be one of the largest IPOs in India if the company is able to achieve the target as per its plan. Paytm shareholders

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A no-action policy with focus on growth

'Unwinding' is unlikely to happen before the third quarter of this year even if we don't mess up in tackling a possible third wave of Covid; rate hike may have to wait for next year

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Mann Ki Baat: India fighting Covid with all its might, says PM Modi

Asserting that India is fighting COVID-19 with all its might, Prime Minister Narendra Modi on Sunday spoke to a number of people ranging from those engaged in transporting medical oxygen to lab technician, and said the country's resolve to prevail over the virus is equal to the magnitude of the challenge it faces. In his monthly Mann ki Baat broadcast, Modi noted that the country was also faced with several natural disasters, including cyclones, landslide and earthquakes, during the pandemic, and said more lives were saved than the past with the Centre, states and local administration coming together to carry out relief and rescue operations. With the demand for medical oxygen rising exponentially during the recent surge in COVID-19 cases and many states and hospitals complaining of its shortage, the prime minister said the production of the liquid medical oxygen (LMO) has risen by over 10 times to nearly 9,500 MT daily from 900 MT earlier. "The demand for oxygen surged all of a ...

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For Eicher Motors, recovery gains are already factored into the stock

Near term can see pressure on volumes due to demand, as well as supply concerns

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Don't get swayed by current optically high valuations: Mahesh Patil

Defensive sectors like information technology (IT) and consumer may lag, says CIO Patil

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India-dedicated funds see $5-billion outflows in one year, shows data

GEM funds are the prime drivers of flows into emerging markets as they have assets under management of $123 billion

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Street signs: Call date with RIL, Pair strategy for Axis, ICICI Bank & more

Prices of key raw materials, such as copper, steel and aluminium, are up between 20 and 40 per cent in one year

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Credit risk funds top debt returns chart in the past year, shows data

Yet these schemes have run out of investors' favour since April 2020, especially after the Franklin Templeton episode

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To use artificial life support, or not to

Throw in the financial consequences and you know that your loved ones will be under tremendous pressure if they have to make this decision

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Death & journalism

The last 3 months have been the gravest period of national tragedy & there's definitely an undercount of Covid deaths. But doing that at a mass scale is tougher

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For a Covid-19 vaccine, journey from lab to jab can take up to 4 months

Manufacturing alone takes 40-120 days

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ASCI's new e-norms likely to hurt nano and micro influencers the most

Experts say the market is expected to shrink 20% because of the ASCI rules

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Go First gets loan, lease rental payments breather amid Covid-19

Wadia group backing helps airline negotiate with BNP Paribas, aircraft lessors

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Explained: What if the Covid-19 virus was leaked from a laboratory

A paper published by the WHO on March 30, 2021 claimed manmade origin of the virus was "extremely unlikely". This view is now being challenged

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Parents, school staff must be vaccinated for children's safety: Jacob John

John says that the world needs to start talking about eradicating Covid

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While spearheading CoWIN, my challenge has been the scale: R S Sharma

We registered 13.7 million in a matter of eight hours-that was the scale, said Sharma

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Champagne of teas loses fizz amid scanty rainfall, last year's lockdown

Scanty rainfall, last year's lockdown, growing competition from Nepal and the disaster of the 2017 Gorkhaland agitation are steadily weakening exports and sales of Darjeeling tea

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Panned in pandemic time

Gujarat Chief Minister Vijay Rupani (possibly) has been unable to communicate what the state government has been doing to counter the epidemic

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UCO Bank aims 7-10% growth in FY22, allots shares to government

City-based UCO Bank on Friday said it was aiming at a growth of 7-10 per cent in the current fiscal amid the second round of restructuring guidelines from the regulator due to the second wave of COVID-19 disruptions. The bank also allotted 203.76 lakh shares to the government at Rs 12.76 per share against Rs 2,600 crore infusion in the bank. The bank board had also approved a further capital raising plan of Rs 3,000 crore in 2021-22. "We are hopeful for a business growth of 7-10 per cent in the current fiscal. We will do better in the current fiscal as our provisioning will be lower going forward and maintain net interest margin (NIM) target of 2.7-2.75 per cent," the bank's MD and CEO A K Goel said. He said based on the restructuring demand for the first wave of COVID-19 "we expect the demand for restructuring may be between Rs 750-1,000 crore even though we will not decline anyone eligible." "In the previous round, the total demand was less than Rs 400 crore. In thi

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Canara Bank's board approves plan to raise up to Rs 9,000 crore in FY22

The bank had raised Rs 2,000 crore through another QIP in December 2020.

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DRDO develops near-isothermal forging technology for aero-engines

This technological breakthrough was achieved by the DRDO's premier metallurgical laboratory, the Hyderabad-based Defence Metallurgical Research Laboratory

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PM Modi announces Rs 1,000 crore aid for states affected by Cyclone Yaas

Modi also announced ex-gratia of Rs 2 lakh to the next of kin of each deceased and Rs 50,000 to each of the seriously injured in the cyclone.

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Covid-19 crisis: Govt will vaccinate all by December, says Javadekar

The BJP has claimed that the Congress is behind it, a charge the opposition party has rejected. It has instead blamed the BJP and sought police probe into the matter.

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Delhi to allow construction work, factories; Maharashtra extends curbs

Delhi's decision came after a consistent decrease in the number of cases and infection rate.

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BPCL privatisation: Govt may allow 100% FDI in divested refiners

This is an enabling provision required for privatisation of BPCL

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Max Healthcare profit after tax up 31% to Rs 70 crore in March quarter

Max Healthcare on Friday reported 31.11 per cent rise in consolidated profit after tax (PAT) at Rs 69.69 crore for the quarter ended March 31, 2021. The company had posted a PAT of Rs 53.15 crore for the corresponding period of the previous fiscal year, Max Healthcare Institute said in a filing to BSE. Revenue from operations stood at Rs 801.86 crore for the quarter under review. It was Rs 247.86 crore in the same period a year ago, it added. For the fiscal year ended March this year, the company posted a loss of Rs 137.55 crore as against a PAT of Rs 58.99 crore in 2019-20, the filing said. Revenue from operations stood at Rs 2,504.67 crore in the last fiscal year. It was Rs 1,059.03 crore in 2019-20, it added. Net debt during the quarter reduced by Rs 1,323 crore to Rs 544 crore on account of net proceeds of QIP and cash flow from operations, Max Healthcare said. "With ample room to scale up existing occupancies and improved international revenue share post abatement of the se

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DoT allocates spectrum for 5G trials to telecom service providers

Chinese telecom gear makers have been kept out of the 5G trial list

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Space plane start-up promises one-hour rides to anywhere on Earth

Venus Aerospace Corp., a startup pursuing a hypersonic space plane, is aiming to ferry people from Los Angeles to Tokyo in about an hour

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The hidden history of spas

Book review of Health, Hedonism and Hypochondria

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M&M Q4 results: Impairment charge shrinks net profit to Rs 162 crore

Revenues beat estimates, company chalks out a Rs 17K crore plan to aid growth

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RBI slaps Rs 10 cr fine on HDFC Bank over violations in auto loan portfolio

The RBI acted on the matter after it received a whistleblower complaint regarding the irregularities in the auto loan portfolio of the bank

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Sheen is back with rise in gold prices, but pay heed to cost and liquidity

Investors seeking to benefit from this uptrend need to understand the pros and cons of the various investment options available to them

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DTH player Dish TV likely to go for rights issue of Rs 1,000 crore

The promoters had offered a substantial portion of their equity as security for the credit facilities availed of by Essel Group

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Decoded: Why are black, white and yellow fungal infections on the rise now?

What are these infections, why are their cases rising and how does one protect against them?

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WhatsApp's legal tussle with govt helps Telegram get a signal booster

Telegram is now number one in downloads, having pushed WhatsApp to fourth position

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Insurance companies seek early implementation of IFRS from govt

Currently, India follows the old solvency standards where insurers have to hold a percentage of reserve as capital.

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GST Council likely to exempt govt depts, local authorities from e-invoicing

The Council is meeting today to discuss issues such as rates on Covid-related supplies

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High level of taxation widens divergence in diesel inflation in WPI, CPI

Diesel retail prices are back to more than Rs 80 a litre in the national capital throughout this month and remain on an upward trajectory

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Steel production likely to fall 8-10% due to non-availability of oxygen

RP Steel and Arora Steel are among the other secondary speciality steel players impacted by the unavailability of oxygen.

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Despite suspension of IPL, game on for fantasy sports platforms

The suspension of the IPL put them on a sticky wicket; its resumption has them feverishly working to keep users engaged and improve their offerings

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Games promoters play

If a promoter knows that he can afford not to repay loans and buy back his company in the bankruptcy court at a discount with a reduced debt burden, he has a strong incentive to drive his firm aground

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The great divide

After the epidemic, we will again cater to the interests of the privileged class and keep the underprivileged quiet with handouts

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Shortage of transparency

Govt, companies must end opacity on vaccine supplies

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Accounting gains

RBI's higher surplus transfer has limits

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SoftBank Group chief executive Masayoshi Son's pay fell by half last year

The disclosure ahead of SoftBank's annual general meeting on June 23 follows a turbulent year which saw the group pounded by the Covid-19 pandemic before rebounding to record profit

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China's industrial profits growth slows in April amid high commodity prices

Profits at China's industrial firms rose 57% year-on-year in April to 768.63 billion yuan ($120.22 billion), down from 92.3% in March, data from the National Bureau of Statistics (NBS) showed

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Zydus Cadila Q4 net up 73% to Rs 679 cr, total income up a marginal 3%

During Q4FY21, firm launched Virafin to treat moderate infections in adult Covid-19 patients. Its ZyCoV-D plasmid DNA vaccine is at an advanced stage of Phase-3 trials

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N+1 Capital makes first ever India investment, parks Rs 5 cr in Clensta

Clentsa recently entered a strategic tie-up with pharma brand Cipla for its first commercialised products, Waterless Bodybath and Waterless Shampoo

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Ikea steps up online presence in India, to roll out shopping app

The app will be available on both Android and iOS platforms and will offer 7,000 products at competitive price points

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Opinion divided on SPAC-tacular route for foreign listing of start-ups

The country's first big-ticket SPAC listing of ReNew Power is already underway, with investors being brought in, and is expected to be listed sometime in the early third quarter of this year

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Time has come for fiscal stimulus to support the economy: Uday Kotak

We are working with the government and vaccine manufacturers to increase the vaccine available for Indian business and industries, said Uday Kotak

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GST revenue shortfall: Centre may have to borrow Rs 1.58 trillion

Shortfall estimated at Rs 2.7 trn; Rs 1.1 trn may be met via cess collection

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Market rally a pick-me-up for Nifty 50 Equal Weight Fund, say experts

Make a small allocation, enhance exposure as more live data becomes available

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Global satellite communication companies get govt's signal booster

The new technology, based on low earth orbit satellites (LEO), which is being used by the two companies, can offer broadband speeds of over 5GBPS

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India starts preparation to make Covid-19 care safe for children

Treatment protocols, wards with space for parents, and specially trained staff are some measures

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DSF-III likely to see more oil and gas discoveries, fewer new players

It is expected that the third round of DSF auctions will have 32 contract areas on offer for bids spread across 75 fields

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NHAI to offer 32 projects in next round of toll-operate-transfer bids

The authority has so far generated over Rs 17,000 crore through the TOT model

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Footwear, readymade garments likely to attract higher rates of GST

The fitment committee, which recommends rate changes to the Council, has proposed increasing the rate on footwear (less than Rs 1,000), readymade garments, and fabrics to 12% from 5% now

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Premiums for staff insurance may rise amid second wave of Covid-19

Insurers say the second wave impact is more than first as normal claims and Covid ones are running parallel this time

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Sebi plans to shield small investors from presumably 'risky' IPOs

Certain initial public offers may only be for institutional investors

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Explained: How Delhi's foodgrain scheme is working on the ground

Registration and distribution bottlenecks put question marks on implementation

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Keeping politics out of CBI will be Subodh Kumar Jaiswal's major challenge

CBI has many challenges ahead of it. The most recent is the Narada scam, which re­lates to a sting operation by the Narada News website in 2016 that had allegedly shown TMC leaders accepting bribes

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Bharti Airtel, Jio call on the digital game, but it's a long haul yet

The big two telecom players have reorganised their digital businesses in readiness to monetise them.

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Long days' journey into flight

Book review of 1232 km: The Long Journey Home

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Global deal on corporation tax nears first stage as G-7 seeks common ground

Accord would pave way for wider consensus at G20, then OECD

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The coming long spell of demand drought

Looks like India's demand curve has shifted downwards for a couple of years at least, writes Shailesh Dobhal

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China's strong recovery shows signs of softening as costs surge

Confidence among SMEs eased in May from the highest level since the Covid-19 outbreak in the previous month

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China bars banks from selling commodities-linked products to retail buyers

The China Banking and Insurance Regulatory Commission's (CBIRC's) order to exit these products has not been reported before

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Vaccination: The $5 trillion question

The answer to the question of how to vaccinate a billion Indians is perhaps to be found in basic economics

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Smoke signals

Farm fires are likely to exacerbate this year

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Pre-war cars sell for roaring numbers at 2021's first major auction

Together the two auction houses that sold during the annual car show off the coast of Florida amassed sales of $61.3 million

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Storm over social media

There can't be arbitrary rules just because privacy right is not absolute

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Explained: Why Tokyo Olympics will be like no other amid Covid-19

Covid-19 is still spreading but the games appear to be going ahead, in what would be the biggest world event of the pandemic era

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Cyclone Yaas weakens after pounding Odisha, West Bengal; 2 mn evacuated

The storm impacted several flights in the affected states as airports in Kolkata, Bhubaneswar, Rourkela and Durgapur remained shut. Ports and refineries were also on alert

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Hitachi ABB Power Grids in India to go carbon neutral by 2030

Has already signed PPAs with a few green power generators in Gujarat, will sign more such contracts to move to 100% green energy by March 2022

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Reserve Bank of India digs in heels on auditor appointments at banks, NBFCs

The para banks, however, were allowed to do the change from the second half of the fiscal year.

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India's Q4 GDP data likely to be better than estimates, say experts

However, for the full fiscal year, they see economy contracting 7-8%

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Online fraud alert: Deny remote access to your laptop, say analysts

If you do give access, monitor service provider's activity

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Back-to-back IPL, T20 World Cup put advertisers in a fix: Experts

Firms will have to decide if they have budgets to deploy on the tournament, say experts

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Demand rises for Covid-19 vaccines at offices, residential complexes

Mumbai-based Hinduja Hospital said it has been approached by 100 corporate houses and housing societies

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States scramble to fight black fungus amid a relentless second Covid wave

State task forces are working to detect the causes of this disease and design protocols for treatment.

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Centre deciding Covid-19 jab quota leads to lower allocation, say states

But vax makers say centrally controlled allocation efficient

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Govt to seek approval from Cabinet to set up a land bank company

DIPAM finalises structure of the company that will sell land parcels of govt departments and PSUs

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PM Narendra Modi's public presence during two Covid-19 pandemic waves

Three charts look back at the Prime Minister's engagements through the two Covid waves and series of lockdowns since March 2020

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Office reimagined: In team leaders, soft skills take centre stage

"While leaders are responsible for a better tomorrow, managers are responsible for a better today," says Ashish Ambasta, founder and CEO of HappyPlus Consulting, a tech-enabled HR firm

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Farzad-B gas field: India one of the losers in energy politics of West Asia

Last week, after chasing India to develop the field for 13 years, Iran announced that it will develop the offshore gas field, which runs along the country's maritime border with Saudi Arabia

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Pfizer ready with 50 mn doses for India; Moderna jab likely in 2022: Report

Moderna is expecting to launch a single-dose COVID-19 vaccine in India next year and is in talks with Cipla among other Indian firms, while another US giant Pfizer is ready to offer 5 crore shots in 2021 itself but it wants significant regulatory relaxations including indemnification, sources said on Tuesday. While Moderna has conveyed to Indian authorities that it does not have surplus vaccines to share in 2021, there are limited prospects of Johnson & Johnson exporting its jabs from the US to other countries in the near future, the sources privy to discussions added. Two rounds of high-level meetings chaired by the Cabinet Secretary were held last week on the availability of vaccines in the global as well as domestic markets as it was felt that there is an urgent need to procure the jabs at a time the country is reeling under an unprecedented second wave of COVID-19 and a widening gap between supply and requirement. Currently, the country is using two 'made-in India' jabs -- ...

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Rules to judge leaders by

Book review of The CEO Test: Master the Challenges that Make or Break All Leaders

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Limitations of India's Covid response

Economic recovery will remain feeble till the pandemic is convincingly controlled

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India a dysfunctional anarchy?

It is the people who lost as the government scored self-goals

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Myanmar's great leap back

The coup underlines the limits of quasi-democracy

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Tough audit rules

RBI must consider the concerns of financial services players

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Automakers unlikely to go full throttle amid Covid-related uncertainties

While most have resumed production, ramp up will be staggered one and will be a third of the levels in January and February

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Deutsche Bank's nightmare decade is gone, but not yet forgotten

The firm is sparking some hope after years as the sick man of European finance

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Disney plans to close 100 international TV channels in streaming shift

CEO Bob Chapek, speaking Monday at JPMorgan Chase & Co.'s technology and media confere­nce, said the clo­s­ures come in ad­dition to the 30 foreign netw­orks the company shuttered last year

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German economy stutters as coronavirus curbs push up savings rate

Exports increased by 1.8 per cent on the quarter helped by strong demand from the US and China

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A tangerine and orange comparison

UP has a transparent data generation process for reporting positive cases, writes Alok Kumar, Principal Secretary for Medical Education in the UP government

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China plans to strengthen commodity price controls in 5-year plan

The country will also step up monitoring and analysis of commodity prices

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Belarus is isolated as other countries move to ban flights: Report

The diversion and arrest elicited widespread shock and fury, and EU leaders took unusually swift action in response at a summit Monday.

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Moderna says its Covid-19 vaccine is up to 100% effective in teens

Company will submit data for regulatory authorisation in early June

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Explained: Why impact of 'long Covid' could outlast the pandemic

Weeks and months after seemingly recovering from even a mild case, many patients still confront a wide range of health problems

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UK kick-starts preparations ahead of talks on trade deal with India

Launches 14-week consultation to seek views of the public and businesses

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Investors should keep a check on cost in passive, debt funds: Experts

In active funds, you may miss out on potential winners if focus is only on expense ratio

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Affluent Indians seek second home to escape Covid-19 pandemic rage

Enquiries have jumped 20-40% vis-a-vis pre-Covid period, say realty agents

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GST Council meet on Friday; pvt fintech firms set to enter e-invoicing zone

GST Council may green-light entry given disappointing progress

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SC order on personal guarantors thorn in the side of biz families

Lack of clarity between legitimate succession planning and evasion is a worry, say experts

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Recovery tracker: Power generation lower than during May 2020 lockdown

This week power generation fell below the last year level indicating continued deceleration in economic activity from the lock­down

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Covid-19 crisis: In rural Thane, fresh cases down but fatalities still high

The fourth part of the series looks at the Covid situation in parts of Maharashtra's rural Thane district

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Office reimagined: Some new work ways may outlast Covid-19 pandemic

Staggered office days, virtual hiring, temporary bosses could be the new normal

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Global freight sails out of the digital dark ages, aided by start-ups

A missing load can mean the company pays penalties to wholesale customers for late shipments

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G7 close to agreement on taxation of world's largest companies: Report

A G7 deal could be agreed as early as Friday after progress was made among top officials in recent days

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Fiscal vs monetary policy, under uncertainty

Heightened uncertainty from a second wave is likely to increase the relative efficacy of fiscal vis-a-vis monetary policy

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Icra pegs Q4 GDP growth at 2%; projects 7.3% contraction in FY21

Domestic ratings agency Icra on Monday forecast a 2 per cent GDP growth in the fourth quarter of 2020-21, and a 7.3 per cent contraction for the full fiscal year

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WhatsApp responds to MeitY, says functionality won't be limited for users

Assures govt user privacy remains highest priority; recent update does not change privacy of personal messages

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Bhavin Turakhia-founded Zeta enters unicorn club with $1.4 bn valuation

Banking tech startup attains value after $250 mn funding from SoftBank

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Bank credit grows by 6.02%; deposits up by 9.87%, RBI data shows

In fiscal year 2020-21, bank credit had grown by 5.56 per cent and deposits by 11.4 per cent.

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MeitY formulates policy paper on circular economy to deal with e-waste

Centre has formed 11 committees, each led by a ministry, to prepare action plans for transitioning from a linear to a circular economy in their respective focus areas

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Rural pulse: In long queue for vax after a relentless second Covid-19 wave

The third part of the series looks at the state of vaccination in parts of rural Bengal

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Fintech hub at GIFT City: IFSCA in talks with overseas regulators

IFSCA in talks with 10 foreign counterparts to help Indian fintech firms expand globally

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Centre, states stare at Rs 2-trillion GST cess gap amid Covid-19

The GST compensation of states is expected to widen to Rs 2.5-3 trillion in FY22 as against the cess collection of Rs 1 trillion estimated in the Budget

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From Air India to Facebook, here're top 10 cyberattacks in India

From April 2020, monthly attacks never dipped below 300 million, and they reached a new high of 409 million attacks worldwide in November 2020

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SGX-NSE may start operations at Gift City by Dec: IFSCA's Injeti Srinivas

In a telephonic interview with Shrimi Choudhary, Injeti Srinivas, chairman of IFSC Authority (IFSCA), discusses the impact of Covid-19 on the operations of Gift City

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States likely to ask for five-year extension of GST compensation

Tax sops on Covid supplies to also be on agenda at Council meet

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Covid-19 pandemic: Sales of large apartments rise as WFH continues

Of the total sales of 58,300 units in top seven cities in Q12021, sales of homes priced over Rs 1.5 cr comprised 9% share

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Modern trade to recover as Covid-19 pandemic graph slows: Nielsen

As consumption in metros begins to improve, the negative trend for modern trade could change in the months ahead, Nielsen said

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Cabinet secretary Rajiv Gauba to check progress of PLI schemes this week

The scheme also aims at making domestic manufacturing globally competitive, create jobs, and boost exports.

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RBI's new restructuring package for small borrowers: Will it work?

The new restructuring package for small borrowers has little chance of taking off

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We are the Tesla of credit cards: Slice founder & CEO Rajan Bajaj

We have a non-banking financial company (NBFC) that provides the financing for transactions.

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Statsguru: Six charts explain why monsoon is so important for economy

An even more virulent second wave means that economic growth, income and employment will again depend on agriculture to a large extent

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UP's bid to keep expressway work in the fast lane amid Covid-19 crisis

Four expressway projects with an estimated outlay of Rs 80,000 crore are in different stages of development in the state

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How Punjab's latest Muslim majority district will encourage Hindutva forces

The Amarinder government declared Malerkotla, where more than half the population is Muslim, the newest district of Punjab on Eid as a symbolic gesture to the community

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How first-time FMs of Kerala, TN, Assam may impact Centre-state relation

Kerala, Tamil Nadu and Assam, all have first-time finance ministers. Aditi Phadnis looks at how they may impact Centre-state relation in terms of revenue and power-sharing

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India becomes third nation after US, Brazil to cross 300,000 Covid deaths

One-third of the deaths added in just 23 days of this month

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Israeli police allow over 120 Jewish visitors to flashpoint Jerusalem site

Israeli police denied there was any age restriction and said they arrested five suspects who "violated the public order."

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Bitcoin falls 10% to $33,747; ether also down 14% to $1,973.96

Bitcoin is now down 48 per cent, from the year's high

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Egyptian court allows Suez Canal to keep holding Ever Given: Lawyer

The Ever Given, one of the world's largest container ships, became jammed across the canal in high winds on March 23

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Iran likely to extend UN nuclear monitoring agreement by a month

Nation earlier said inspectors may no longer get nuclear site images

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US investigating heart problem in a few young Covid-19 vaccine recipients

There were 'relatively few' cases and they may be entirely unrelated to the jab

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Saving people from disease better than shielding industry

Should the govt policy benefit a few manufacturers through protection from imports or a large number of people via easier access to cheaper devices that help reduce chances of contracting diseases?

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Covid-19 crisis: Punjab says Moderna refused to send vaccines directly

The world's largest vaccine-producing nation has fully vaccinated a little more than 41.6 million people, or only 3.8 per cent of its 1.35 billion population

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Allopathy row: Harsh Vardhan calls yoga guru Ramdev's remark unfortunate

Vardhan said Ramdev's remark had not just disrespected the feelings of corona warriors but also deeply hurt the people of the country

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Visible Covid & market rally, invisible growth

The market rally is visible, as is the horrendous impact of Covid 19. What is invisible is earnings growt

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Market gives steady compounding return in mid-to-long term: Manish Gunwani

The market offers a steady compounding return in the medium-to-long term, says Gunwani

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New credit culture

A big step by SC in allowing banks to chase personal guarantors

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Focus on the pandemic, not the economy

The big lesson of the second wave is that India must stop trying to prioritise economic recovery over emergence from the pandemic - any such effort is destined to fail

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Rationalise rates

GST Council must address the shortfall in collection

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Deal numbers touch a decadal high in April despite Covid-19 pandemic

Achieving market leadership position appeared to be the rationale for the big-ticket domestic transactions

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Insurance in the time of the pandemic

Greater digital adoption has increased the risk of fraud. Without personal interactions, assessing the risk profile of customers has become an arduous task

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RBI's disclosure dilemma

While the RBI must respect the spirit of freedom of expression, we need to draw a Laxman rekha, and the RTI Act should not become a tool to bypass all confidentiality requirements under other laws

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Buyer entitled to refund in case of delay

The National Commission concluded force majeure or delay due to reasons beyond the control of the builder would not apply to dereliction of duty

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A recovery interrupted

This first of a two-part essay assesses the emerging economic fallout of the second wave

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Value investing: Judging 'value', through another lens, and in real terms

REITs, financials, materials, and energy have remained at the lower end even when real returns are sorted by 10- and 15-year timeframes

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Gold saving funds see Rs 864-crore net inflow in April, shows data

Gold saving funds and gold ETFs have seen net inflows to the tune of Rs 184 crore and Rs 680 crore, respectively, in April

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Street signs: Nifty's new high on cards, Sensex's costly exclusion & more

Technical analysts say the Nifty looks set to log new life-time highs

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Long-term investing gaining traction among mutual fund investors

55% retail investors have a holding period of over 2 years, up from 48.7% a year ago

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Eye on 2024

Can Modi's third bid for power be made more challenging? If so, who will do it? And how? Especially if Gandhis and Congress fail to rise to that challenge

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Direct foreign listing: Indian companies face capital gains hurdle

FinMin seeks 10% capital gains tax on transfer of Indian shares

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Covid-19 crisis: Global tenders for vax a long shot, says SBI report

SBI says there are 15 vaccines approved for emergency use and a similar number in Phase 2 or 3 stage of development; another four are in the regulatory review stage.

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Second Covid-19 wave: Cairn India seeks force majeure extension

Globally, oil and gas firms had availed of relaxations in exploration contracts to deal with the disruption.

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A near-empty CBDT tackles arbitration cases, domestic tax issues

Four vacancies in the Central Board of Direct Taxes (CBDT) have not been filled despite the Appointments Committee of Cabinet (ACC) clearing names in February, exposing administrative gaps

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Bharat Biotech may receive Covaxin drug substance from IIL in June

The Union health ministry said recently that it expects 750 million doses of Covishield to be available between August and December.

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Oyo's efforts to raise $600 million via debt to help its listing plan

The company said $600 million in a TLB structure will service its existing loans, which are on higher interest rates.

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ESRI in talks with govt for tech help in Covid-19 pandemic fight

The purpose is to see if the states and the Centre can use its technology to tackle the issues arising from the pandemic.

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Covid-19 pandemic: Blue-collar roles see 25% surge in urban areas

Between March and May, Dunzo riders delivered over 20,000 orders to hospitals alone.

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Listed property developers expect better days after first quarter

In FY21, home sales picked up after Q1 because states such as Maharashtra announced stamp duty cuts and banks offered special interest rates

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Rural pulse: In Haryana villages, Covid-19 patients wait for doctors

Lack of medical staff and reckless behaviour fuelling Covid-19 surge in the hinterland

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EV takeoff should come by around 2025: Volkswagen India's Ashish Gupta

Volkswagen India's Gupta tells Pavan Lall the firm's plans for the subcontinent remain on track despite the Covid speed-breaker,

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2-DG drug for Covid-19 treatment: Here're the benefits and concerns

The idea behind using 2-DG in Covid-19 is that along with other anti-virals, it can help prevent replication of the Sars-CoV-2 virus in inflamed lung cells of Covid-19 patients

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Explained: How RBI's tough new rules impact the audit companies

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits

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Remain invested to gain from value theme revival, say analysts

Stick to open-end schemes where you can enjoy liquidity

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SBI's March quarter showing impresses Street; stock jumps over 5%

Sequential comparisons indicate economic activity did not pick up

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NSE shares soar over 25% on boost from Securities Appellate Tribunal relief

The tribunal allows the exchange to use Rs 6,000 cr parked in an escrow

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The all-too-familiar Mahatma

Any serious student of Indian political history would not be unaware of My Experiments with Truth, the Mahatma's true autobiography.

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Inheritance of ideas

In the midst of a raging debate over IP rights, the million-dollar question is who owns the vaccine? Is it the pharma firms, the country origin, the university they are developed in or the people?

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Comprehension, communication & articulation

Government's side lacks three things that matter most, namely, the ability to comprehend, communication skills, and the tricks needed for good articulation

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Counting the dead

What sort of toll has the "second wave" and the government's incompetent response inflicted?

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We have a lower cost structure than IndiGo: Ben Baldanza of Go First

In a Q&A, the vice-chairman of India's second-largest airline says he doesn't see its competition in the market leader, but in SpiceJet, Air India, Vistara and AirAsia

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Covid: HCs must not pass orders that are impossible to implement, says SC

The Supreme Court observed that high courts should refrain from passing directions not implementable

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Essar Oil UK raises $850 mn from diverse sources to retire earlier loans

With this, the firm has more low-cost liquidity to meet upcoming needs, can focus on its transition to become a low-carbon energy provider" with greater vigour

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Sebi doubles AIFs overseas investment limit to $1.5 bn after talks with RBI

Industry players say the move will help the Rs 4.4-trillion AIF industry as the current allowance in many cases was getting fully utilised

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IMF backs $50-bn plan to help world escape coronavirus crisis in 2022

That investment would fund an ambitious effort to immunize at least 40% of the global population by the end of this year and 60% or more by the first half of 2022, the IMF said

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CredR to ride deeper into small towns on rising demand for used 2-wheelers

The used two-wheeler firm is in talks for fundraising, plans to double showrooms

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Narada case: HC orders house arrest of 4 leaders, forms larger bench

The Calcutta High Court sent two ministers to house arrest, modifying its earlier order that stayed their bail granted by a CBI court following their arrest in the Narada sting tape case on Monday

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Covid-19 crisis: Deaths stalk villages but locals still in denial

The first of a 4-part series looks at the weak health infra, vaccine hesitancy in rural UP

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Mall investors slam brakes on new launches amid Covid-19 pandemic

Many might be forced to sell off their properties to new players or repurpose them to create some office or co-working space to hedge their bets

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DHFL resolution: Lenders weigh options after NCLT's surprise call

Tribunal gave direction to have a look at offer by Kapil Wadhawan

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China lead grows as INS Rajput, Navy's 1st destroyer, retires today

The PLA(N) has been commissioning three new destroyers every year, while Indian defence shipyards have been barely completing one destroyer every 2-3 years

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Centre considers a revamp of stressed asset guarantee scheme for MSMEs

As of May 14, guarantees of only Rs 68.39 crore had been issued, benefiting 632 businesses, a senior government official told Business Standard

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Investors should limit cryptocurrency exposure to 2% of corpus: Experts

Investors with low appetite for volatility must avoid it altogether

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Second Covid-19 wave: NBFCs brace for defaults, grim business prospects

The collections are down as staff is not able to reach out to customers.

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NHAI's Infrastructure Investment Trust set to be launched next month

The initial set of roads to be offered via the InvIT are part of national corridors, providing long-term prospects

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Shailaja's exclusion raises question of who is bigger: individual or party?

The former health minister's exclusion from Vijayan's second Cabinet raises the age-old question of who is bigger

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Kotak Mahindra Bank issues India's first FPI licence to GIFT AIF

This is the first FPI licence issued to an AIF incorporated in GIFT IFSC by any custodian bank or designated depository participant (DDP) in the country

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Banks may transfer 80 large NPA accounts for resolution to National ARC

It is expected that NPAs over Rs 2 trillion will move out of the books of the banks to the bad bank

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Brief escapes

During the Covid-19 confinement, in the breaks from the laptop and the jhadu, pocha, bartan, kapda routine, The Penguin Book of Japanese Verse became a refuge of sorts, writes Aditi Phadnis

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The collapse of Indian cinema

More than two-third of Indian cinema's revenues were wiped out last year

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The confidence that proved disastrous

The government has been inept in all that was required of it

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All at sea

ONGC needs to take a hard look at all safety protocols

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Unnecessary deviation

DHFL should not go back to its erstwhile promoter

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Aftermath of cyclone Tauktae: What caused the ONGC barge tragedy

Of these installations, 243 were fixed and 99 floating

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Bitcoin carnage: It is too soon to say cryptocurrency bubble has burst

There were signs that a top was near, from the Coinbase IPO to Elon Musk on Saturday Night Live. But the cryptocurrency has risen from the dead before

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Moody's assigns first-time 'B3' ratings to OYO, outlook stable

Moody's CFRs are opinions of a corporate family's ability to honor all of its financial obligations

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Apollo Tyres gets nod to re-start production at Kerala manufacturing plant

Apollo Tyres on Thursday said it has received permission from the authorities to re-start operations at its manufacturing plant at Perambra in Kerala from May 21. On May 17, the company had informed about the closure of plant till May 23, 2021, pursuant to directives issued by the District Government authority. "The local authority has now permitted the company to operate the plant with effect from May 21,2021," Apollo Tyres said in a regulatory filing. Accordingly, the operations of the plant shall be resumed from Friday (May 21) by adhering to the standard operating procedures/ guidelines for industrial units as prescribed by the authorities, it added.

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Flipkart restructured biz model to control over inventory, alleges CAIT

Traders' body CAIT on Thursday urged the government to investigate the "blatant" violation of FDI and taxation rules by e-commerce major Flipkart, alleging that the Walmart-owned firm had "creatively" restructured its business model to exercise control over inventory and retail prices.

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Cyclone Tauktae: 49 dead on sunk barge, search on for 37 missing

Three more bodies have been recovered

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DAP prices might soften ahead as inputs costs in global markets look down

Centre may not need to provide further support this year as worst seems over for the two major input that goes into making DAP for now

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Exporters' profit margins under pressure even as demand picks up

Merchandise exports nearly trebled in April to $30.63 billion over the same period last year

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SII, Bharat Biotech to get bulk of Rs 15K-crore profit pool: Report

At present, SII sells its vaccine Covishield to the Centre for Rs 150 per dose, to state governments for Rs 300 and to private hospitals for Rs 600.

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Govt's fiscal deficit likely to be around 9% in FY21, say experts

Data to be released by month-end; FY22 gap may widen to 7.15% against BE of 6.8%, say experts

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Second wave of Covid-19: Consider second loan recast, PSBs tell RBI

Want lower provisioning for restructuring than last year

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Anand Mahindra, top Silicon Valley investors back space start-up Agnikul

The Chennai-based firm which would be sending small satellites into space is raising $11 million in a Series A funding round led by Mayfield India.

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SoftBank Energy India sale: Cautionary tale for foreign companies

Industry execs say ambitious plans couldn't match up to Indian policy environment

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Save up to 50% by opting for minimal motor insurance cover: Experts

Owners of younger or more valuable vehicles should stick to comprehensive cover

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Covid-19 pandemic, social distancing give a virtual push to dating apps

A 35-year-old Delhi-based professional working in the renewable energy sector said when physical meeting was seen as an unnecessary risk last year, features like video chats helped

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Mphasis on alpha returns: Why Blackstone finds Indian IT so attractive

The expansion of its stake in the mid-size IT services company is part of a trend of PE players betting big on the Indian IT sector

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Sebi seeks to merge 2 rules on debt issuance for easier compliance

The regulator said the new regulation will ensure ease of reference and language and also remove redundancies

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Jaypee Infra insolvency: Suraksha ARC objects to NBCC's post-deadline offer

CoC to meet today as NBCC sweetens Jaypee Infra offer

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Bitcoin's m-cap plunges more than $500 billion in cryptocurrency rout

Bitcoin is now down more than 50 per cent from its record of almost $65,000 set in April

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Kotak fund acquires 74% stake in HKR Roadways for Rs 715 crore

HKR is a special purpose vehicle (SPV), owned by a consortium led by the Gayatri Group

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Iron ore halts two-day gain as steel slides, BHP mine to open; copper sinks

Copper sinks as inflation fears eclipse South American political risk

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Goldman Sachs buys stake in contract research firm Aragen Life Sciences

Goldman Sachs on Wednesday said it has made an investment in Aragen Life Sciences for a significant minority stake in the contract research organization. It, however, did not disclose the value of the investment. Goldman Sachs's alternative investing arm Goldman Sachs Asset Management picked up shares in the company, which was earlier known as GVK Biosciences, from Chryscapital and other investors, as per an official statement. A media report on Monday had said Chryscapital will be selling its 17 per cent and promoters will dilute 16 per cent to give one-third ownership of the company to Goldman, and the total company valuation was pegged at USD 1 billion. Aragen is well positioned to benefit from the secular trend of increased outsourcing by the life sciences industry. With a clear value creation plan in place, we look forward to closely working with the management and shareholders of Aragen, Rajat Sood, managing director at Goldman Sachs Asset Management, said. He added that the

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Sensex falls by 290 points to close below 50,000; HDFC twins top drags

The broader NSE Nifty fell 77.95 points or 0.52 per cent to close at 15,030.15

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Tata Motors is vulnerable to near-term headwinds, say analysts

Its net worth has shrunk again; leverage ratio is up to a decade high

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Amazon's talks with MGM bring fresh shine to old movie libraries

The frenzy also is boosting shares of another potential target, Lions Gate Entertainment.

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Cyclone Tauktae: Rescued from barge, workmen recall hours of horror at sea

If not for the navy, many say they probably wouldn't have made it

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JK Tyre posts consolidated profit after tax of Rs 194 cr for March quarter

Revenue from operations in the quarter under review rose by 63.21 per cent to Rs 2,927.28 crore compared to Rs 1,792.56 crore in Q4FY20

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Govt orders inquiry into ONGC western offshore mishap that took 26 lives

Questions are being raised why so many persons were still at sea despite forecast of Cyclone Tauktae; Company officials said other barges managed to reach safer location but cyclone changed its path

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Sebi proposes merger of debt securities rules into single regulation

To ease compliance burden on listed entities, Sebi on Wednesday proposed merger of listing rules pertaining to debt securities and non- convertible redeemable preference shares into a single regulation. The proposal is aimed at harmonising with the Companies Act, 2013, and maintaining consistency with the Sebi's LODR (Listing Obligations and Disclosure Requirements) rules and Debenture Trustees norms, the regulator said in a consultation paper. The Securities and Exchange Board of India (Sebi) has invited public comments, open for 21 days, on the proposal. Under the proposal, Sebi has suggested merger of the Issue and Listing of Debt Securities or ILDS norms and the Issue and Listing of Non-Convertible Redeemable Preference Shares or NCRPS Regulations into a single regulation -- Issue and Listing of Non-Convertible Securities or NCS Regulations. Further, NCS rules should also include certain provisions issued through circulars under ILDS and NCRPS norms, Sebi noted. The rules on I

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Covid crisis: Flexible workspace options to soar as firms expand capacity

They are using the interregnum to expand and to negotiate cheaper real estate deals to add seating capacity

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Life insurers get tough on risk assessment as second Covid-19 wave bites

Impose 'postponement period' for recovered Covid patients, tighten underwriting standards

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Jaypee Infratech insolvency: Suraksha emerges as the highest bidder

The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs 22,000 crore and failed to construct houses in time for homeowners

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Reaching consensus on Covid-19 vax patent waiver may take time: Experts

Developed nations opposed the proposal, though it received the support of three-fourths of member nations

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Covid-19 crisis: Over no response, states relax global vaccine tender norms

BMC was the first civic body in the country to float a global tender for purchasing vaccines

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New-age beauty brands shine bright amid Covid-19 pandemic gloom

Homegrown beauty and personal care brand St Botanica is two times bigger than what it was pre-Covid

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Greater insurance cover or low premium: Strike a balance, say experts

It is advisable to buy a policy that offers more comprehensive coverage

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CBI, ED turn to tech-driven investigations to nail offenders amid Covid-19

The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases

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Explained: Why cryptocurrency jumps and falls on Elon Musk's tweets

The value of a crypto depends solely on the equation between supply and demand, and demand is driven solely by sentiment

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Apple defies Covid gravity, continues to gain ground in electronics market

Contrary to expectations, the brand has seen a significant sales bump in all its key segments

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Broader mkts will outperform as they have better growth prospects: Gopkumar

During an interview, Gopkumar tells Ashley Coutinho that large companies in the financial space will gain market share and manage their books better

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Second Covid-19 wave may delay 5G auctions: Bharti Airtel CEO Gopal Vittal

The Centre would get Rs 77,815 crore from the two-day auction-one of the shortest in a decade.

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Gold scales a near four-month high; Brent crude tops $70 a barrel

Gold in Delhi rose by Rs 333 to Rs 47,833 per 10 gram in line with a rally in the global precious metal, according to HDFC Securities

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Janet Jackson's Chevy truck takes $112,500 in record auction sale

The buyer of the truck is Arlan Hamilton, founder and managing partner of venture capital firm Backstage Capital

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Mid-cap stocks on a tear but beware of valuations, say analysts

BSE MidCap has doubled in value since the end of March 2020, against a 70% rally in Sensex

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PM Narendra Modi assures 'field commanders' of coronavirus vaccine

Modi also said that work was being done rapidly to install oxygen plants at hospitals in every district of the country with money from the PM CARES Fund

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Tauktae: Indian Navy, Coast Guard rescue over 300 people from barges

Indian Navy, Coast Guard lead rescue in the Arabian Sea off Mumbai coast

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Locked down and empty shelves

Publishing has come to a virtual halt because the retail shops are shut and, as result, so are the large distributors

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The coming surge in chairpersons emeritus

Since no part of the Companies Act deals with chairperson emeritus, these appointments will have to be governed by a formal contract between the company and the individual or under its articles

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Taxing more firms at a lower rate

Concern over a falling share of corporation tax revenue may get worse

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Tripping up on arbitration

Cairn Energy has wrong-footed the government

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Encouraging exports

Govt must take steps to sustain the rebound

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Amazon's acquisition of MGM would add to frenzy for streaming assets

The acquisitions are setting 2021 up to be a record for media deals. More than $80 bn in takeovers have been announced so far this year

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Flipkart and PhonePe continue to post strong growth in India: Walmart CEO

Strength in India, Canada, China helps Walmart International post $27.3 bn net sales; 8.3% decrease

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May start vaccine exports by year end, India remains priority: Serum

Company says it never exported vaccines at the cost of the people of India

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NHAI on track to award Rs 2.25-trillion projects this fiscal: Chairman

Construction target for the year roughly translates into 12-13 km a day

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Covid-19 crisis: Pharma majors step up support to affected employees

A company spokesperson said this benefit will be over and above the existing group term insurance

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Cyclone Tauktae: Consider Bharat Griha Raksha to shield against calamities

To safeguard your vehicle against a cyclone, supplement a comprehensive motor policy with a couple of add-ons

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Cairn dispute: Govt sees no threat to privatisation of Air India

Once Air India is sold to private buyer, Cairn's claim will be defeated: Official

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A fading voice: Radio plays by the ear to stay in tune with the times

From getting into content production to becoming event managers, radio companies are doing everything to remain afloat

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Valuation of India's top IT companies way above earnings growth trend

Combined m-cap of top five firms up 87% since March '20, against 6.2% net profit growth in FY21

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Decoded: What is black fungus and its link to Covid-19 pandemic

India has a huge diabetic population that is at risk. And along with that, steroids and antibiotics are being used quite irrationally for Covid-19 patients

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Zydus Animal Health buyout catapults Multiples into the big league

Multiples' deal ticket size in the first fund was only $30 million and in the second around $50 million

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Tauktae: Gujarat faces worst cyclone in over 2 decades, Mumbai airport shut

According to reports, in all 12 people have been killed in Goa, Maharashtra and Karnataka because of Cyclone Tauktae

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It's not over till it's over

Despite the disastrous handling of the pandemic, Narendra Modi could still bounce back

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Sovereign rating risk

Govt must take steps to avoid a downgrade

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China's scientific muscle

Its technological advancement will have global implications

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Microsoft conducted probe on Bill Gates's involvement with employee

The board reviewed the matter and held a "thorough investigation" with the help of an external law firm, the software giant said

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PSUs take the lead in Covid vaccination but shortage hits remote locations

While this is one of the larger-scale vaccinations, the drive faces delays and pauses due to shortages of vaccines, especially in remote areas

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Non-resident entities seek withholding tax breather amid second Covid wave

In absence of certificates, they risk having 40% tax cut from revenues

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Food ordering has not seen downward trend: Westlife Development's Jatia

Amit Jatia, vice-chairman, Westlife Development, talks about the road ahead for the company

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Scheme for IT hardware: PLI pledges miss govt's ambitious target

Production and export commitments by 19 companies are much lower than government's projections

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Third time lucky? Govt begins anti-dumping investigation on solar imports

Complaint was filed by Mundra Solar PV and Jupiter Solar Power with the DGTR under the ministry of commerce

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Crypto exchanges draw attention of regulators over brand promotions

According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the central government

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Cairn arbitration award case: Govt gears up to stop Air India asset seizure

Seeks details from airline to assess impact on privatization

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PE funds ready cash, scout for bulk-buying social e-commerce start-ups

Customers get large discounts and the platform enjoys the benefits of scale and lower costs

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Boardroom bonanza: Dividend payout up 9% as India Inc sees recovery

All 268 early-bird firms in surveyed sample may pay a total of Rs 1.16 trillion

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Drive-through vaccination: A four-hour journey to the Covid-19 jab

The reason for the tortoise pace is clear: there are just two people administering jabs. A masked young lady asks: "Covishield second dose?" I nod. She plunges the needle into my arm and intones: "Tak

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Explained: How the Chinese landed a rover on Mars in first attempt

Nasa is the only agency that had managed this prior to Zhurong. The lander is completely autonomous and cannot even be monitored in anything approaching real time.

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Statsguru: Commodity supercycle may hurt India amid Covid-19 pandemic

After a year of limited activity, several economies are expecting a faster-than-usual bounce back to normal. This has led to an increase in commodity prices across the board

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Stabilising ultra mega coal plant remains a major concern for Tata Power

This at a time when the company is focusing on renewable energy

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How meat startups are leveraging technology to bring best quality produce

The trucks that move produce from farms to slaughter houses and retail stores have IoT-enabled trackers that track the produce and periodically send temperature data

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Microfinance institutions using AI, machine learning to disburse more loans

Tailor-made financial products are being devised, and credit histories are created for all customers. New tools have led to high collection efficiencies

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BJP's Bengal debacle may have saved the day for Shivraj Singh Chouhan

Despite a defeat in the prestigious assembly by-election in Damoh, a much-needed breather came for CM Chouhan from West Bengal

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People not dying of Covid-19 but lack of basic treatment: Srinivas B V

In the first wave, we supported, to the extent of dry rations and transportation. This time, we needed to help with medical emergencies, said IYC president Srinivas B V

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Samajwadi Party looking to build on its gains in the UP panchayat polls

The SP has claimed the party supported candidates on 1,500 of the 3,050 seats to elect district panchayat members, and over 800 won

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Centre to give 5 million Covid-19 doses to states in the next three days

Maharashtra, which would receive 50,000 doses in the next three days, has also got the largest supply of vaccines from the Centre

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After chaos at Covid-19 vaccination centres, govt says old slots valid

CoWIN portal's been reconfigured to reflect change in Covishield dose interval

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Bodies of Covid-19 victims among those dumped in Ganga, says govt

The Centre directed Uttar Pradesh and Bihar on Sunday to prevent dumping of dead bodies in the Ganga and its tributaries

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Covaxin capacity scaled up to 500 million doses a year: Bharat Biotech

Vaccine effective against all emerging coronavirus variants, says study

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WhatsApp privacy policy not really a choice, limits functionality: experts

With time you won't be able to receive incoming calls or notifications and WhatsApp will stop sending messages and calls to your phone

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Cipla open to forge a partnership to distribute Covid-19 vaccines in India

The company already makes and markets antiviral drugs like remdesivir, favipiravir in India apart from importing and distributing Roche's tocilizumab (Actemra)

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Warburg Pincus ends JV with Lemon Tree Hotels for student housing

"Apparently, Warburg was not happy with the way the JV had progressed in the last two-three years," said sources

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Route Mobile appoints Owen as chief executive officer for Europe, Americas

He will be based in the UK (London) office

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Herbs need good marketing

Annual trade in herbal medicinal products is estimated at Rs 8,000-9,000 crore in the home market and around Rs 1,000 crore in the export bazaar

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The way forward for firms

Indian firms need to prepare for export boom by vaccinating employees, their family members; and prioritise export market

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The vaccine gap

Timelines suggest govt must focus on health infra too

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Losing steam

Second wave could derail strong corporate recovery

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How to reconstruct asset reconstruction companies

Banks feel happy shifting their toxic assets from loan books to investment books, while the ARCs are enjoying the management fees with a smile. Let's break the cosy relationship

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Tauktae: Restore power since oxygen supply is at stake, says India Inc

Representatives of major industry associations and chambers of commerce also asked for real-time information about the cyclone and its trajectory

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Cyclone Tauktae to hit Gujarat on Tuesday morning; 4 dead in Karnataka

In neighbouring Kerala, several parts have witnessed heavy downpour causing water levels to rise in many dams across the state

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Driving on high-tech highways

Roads are becoming smarter even if the people driving are not. A set of smart technologies is making construction, maintenance, and traffic management much more efficient

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Dramatic re-rating of the US at expense of other markets: Cameron Brandt

The jump in new Covid cases in India is spooking foreign institutional investors, says Brandt

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No Covid safety: How UP panchayat polls resulted in deaths of teachers

The polling officers that included teachers and shiksha mitras or para-teachers, were trained from April 9 to April 15.

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From Sageone to Anvil Wealth, most PMS schemes beat Nifty in April

Returns were calculated on a time-weighted rate of return basis for the schemes under consideration

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After strong Q4 performance, Asian Paints faces multiple challenges

The Covid wave, rising raw material costs can impact near-term sales

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Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more

Gold has bounced back about 8 per cent from March 2021 lows of close to Rs 44,000 per 10 gram and is trading at Rs 47,600, owing to correcting dollar and treasury yields

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17 of 24 small-cap funds deliver more than 100% returns in one year

These funds account for Rs 56,000 crore of category assets worth Rs 71,700 crore

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Action is the best antidote to helplessness

The highest satisfaction has come from using my professional skills to help reconstruct the financial records of a family that lost its breadwinner

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Floating bodies, sinking states

Politics and economics are at the heart of the Covid tragedy in UP and Bihar. The misery is a result of voting in the name of religion, caste and nationalism

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Mauritius rejigs special purpose fund regime to gain 'financial' edge

Will enable global investors to set up tax-exempt entities

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SBI eyes over Rs 10K-crore credit pipeline for health infrastructure

Ashwani Bhatia, managing director, SBI, said the bank had held discussions with firms that needed funds for building hospital infrastructure

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Insurers see huge spike in Covid-19 claims as second wave sweeps India

In absolute numbers, over 83 per cent of claims have been settled, while in value terms, just 51.38 per cent of claims have been closed

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GoAir may sue former managing director Jeh Wadia over brand rights

Dispute mentioned in airline's DRHP under 'risk factors'

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Returns from healthcare ETFs can be highly cyclical, say analysts

Avoid over 5% exposure and have 5-7 years of investment horizon

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Sebi's relaxed norms likely to give private equity firms faster exits

Sebi also plans to replace the "promoter" concept to "person in control"

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Tata Power will be net zero-carbon by 2050, says CEO Praveer Sinha

We have now both urban and rural consumers. Our whole business philosophy is towards renewable, said Sinha

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WhatsApp policy change: No chat list in some time if you don't accept

The company had earlier set a deadline of February 8 for these changes but deferred it to May 15 after a backlash with wide fears over data being shared with Facebook

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At Delhi hospitals, shortage and a long wait for Covid-19 vaccine

Private, state govt hospitals struggle; central govt hospitals seem to be doing better

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Covid-19 crisis: India draws lessons from Bangladesh's mask study

A study in Bangladesh's semi-rural and rural areas shows people can be convinced to keep their masks up

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Today, what really is essential?

We've cheered "Essential Workers", as the light has been shone on the people in the shadows, who actually make the world go round

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Children of the pandemic

Why is it important to tell stories in ways that outlive the news cycle? Read author-filmmaker Samina Mishra and illustrator Tarique Aziz's book Jamlo Walks (2021) to look for answers

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A story of ambition

New Assam CM Himanta Biswa Sarma's political journey to the current position is an interesting story

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UK's anti-fraud agency investigating Sanjeev Gupta-led GFG Alliance

The London-based lender supplied billions of dollars in loans to GFG, many of which were packaged and sold as funds

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A Velumani explains how Covid-19 testing failed us when we needed it most

The second wave has been far more explosive than anticipated, affecting over 300,000 people a day. The sheer volume of the requirement hit the industry like a tonne of bricks

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Dr Reddy's Laboratories consolidated net profit dips 29% to Rs 557 crore

Dr Reddy's Laboratories on Friday reported 29 per cent decline in consolidated net profit at Rs 557 crore for the fourth quarter ended March 31, 2021. The Hyderabad-based drug major had posted a net profit of Rs 781 crore in January-March period of 2019-20. Net sales however rose to Rs 4,608 crore in the quarter under review as compared with Rs 4,336.1 crore in the fourth quarter of 2019-20, Dr Reddy's Laboratories said in a regulatory filing. For 2020-21 fiscal year, the company posted a consolidated net profit of Rs 1,952 crore as against Rs 2,026 crore in 2019-20. Net sales increased to Rs 18,420 crore during the last fiscal year as compared with Rs 16,357 crore in 2019-20. "In FY 21, we continued to grow across all our businesses, enhance productivity and strengthen our development pipeline," Dr Reddy's Laboratories Co-Chairman and MD G V Prasad said. The company is prioritising its efforts to launch Sputnik V vaccine across India while working on the development and ...

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L&T Q4 consolidated net profit up 3% to Rs 3,293 crore on higher revenues

All verticals posted YoY increase in revenue, while most saw profits grow

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Tuning into pain: How Begum Akhtar channeled her struggles into art

Book review of Akhtari: The Life and Music of Begum Akhtar

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Revenue from Blackstone channels can double in 3 years: Mphasis CEO

In Q&A, Nitin Rakesh dwells on business prospects, M&A opportunities and what Blackstone now brings to table

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GoAir banks on low-cost structure, promoter backing for successful IPO

The company has filed DRHP to raise Rs 3,600 crore

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Second Pfizer shot after 12 weeks produces more antibodies: Study

Extending 2nd dose interval increases the peak antibody response 3.5-fold

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Dogecoin surges on Elon Musk tweet as crypto rollercoaster continues

Bitcoin fluctuated on Friday, and was trading at around $50,500 as of 6 am in New York

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