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  Government relaxes export curbs on 24 pharma ingredients, medicines

  April 07, 2020 8:59 IST

  Earlier, there were no restrictions on outbound shipments of these products. APIs are raw material for pharmaceuticals. India has exported APIs worth about USD 225 million last year. The country's API imports stood at around USD 3.5 billion per year. Out of this, about USD 2.5 billion is from China.

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  Trump warns India of retaliation over Hydroxychloroquine drug export ban

  April 07, 2020 8:15 IST

  Last week Trump said that he has sought help from Prime Minister Narendra Modi to allow the sale of Hydroxychloroquine tablets ordered by the US to treat the growing number of coronavirus patients in his country...

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  MTNL pays March salary, looks at resolving debt now

  April 06, 2020 19:08 IST

  State-owned telecom firm MTNL has cleared all pending salaries till March and is now looking to resolve debt issues through asset monetisation, a top company official said on Monday. 

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  Discoms obligated to pay for electricity within 45 days: Power Ministry

  April 06, 2020 18:45 IST

  ​With its relief being construed as a moratorium on payments, the Union Power Ministry has clarified that electricity distribution companies will continue to be obligated to pay for power within 45 days of presentation of the bill. It, however, lowered late payment charges for the period between March 24 and June 30.  

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  Uber partners Flipkart to deliver everyday essentials to consumers in Delhi, Mumbai, Bengaluru

  April 06, 2020 17:02 IST

  After BigBasket and Spencer's Retail, ride-hailing Uber has now partnered with Walmart-owned Flipkart to provide people in Bengaluru, Mumbai, and Delhi access to everyday essentials amid the nationwide lockdown.

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  Should you invest in the time of coronavirus? Here's what experts think

  April 06, 2020 14:52 IST

  In the last one month amid coronavirus pandemic, we have seen a large fall in the equity markets around the world. Many market experts say that like many other crisis this too will pass and come to an end, but most important for the investors to keep in mind post the ongoing impact in the markets. Well read out our piece on markets with the help of experts views.

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  PepsiCo India commits 25,000 testing kits, over 50 lakh meals

  April 06, 2020 12:57 IST

  Extending its support to the fight against coronavirus pandemic, PepsiCo India has committed to provide 25,000 testing kits to healthcare and diagnostic facilities.  

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  COVID-19 impact: Banks to witness spike in credit costs, non-performing assets in 2020

  April 06, 2020 12:29 IST

  On India, the report said "the NPA ratio in India is likely to fare similarly to China''s (1.9 per cent 2 per cent) but the credit costs ratios could be worse, increasing by about 130 basis points," the rating agency''s credit analyst Gavin Gunning said in the report.

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  Economic recovery in India to take at least 2-3 quarters: Private equity experts

  April 06, 2020 7:54 IST

  At a private equity webinar, Shailendra Singh, Managing Director at Sequoia Capital flagged that fear that more people will die from hunger than pandemic in India.

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  Retirement fund body EPFO to accept Aadhaar as birth proof online from subscribers

  April 05, 2020 19:44 IST

  The date of birth recorded in 'Aadhaar' will now be accepted as valid proof of date of birth for the purpose of rectification, provided that the difference in the two dates is less than 3 years. The Provident Fund subscribers can submit the correction requests online.

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  Govt tightens export ban norms for anti-malarial drug hydroxychloroquine

  April 05, 2020 18:19 IST

  The government has tightened the export ban norms on anti-malarial drug hydroxychloroquine by including special economic zones (SEZs) under its prohibition ambit to ensure there is no shortfall during COVID-19 crisis.

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  EPFO to accept Aadhaar as birth proof online from subscribers

  April 05, 2020 17:21 IST

  Retirement fund body EPFO will accept online its subscribers' Aadhaar card as a valid proof to rectify their date of birth to ensure that the account is KYC compliant, the labour ministry said on Sunday.

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  Life insurance policy holders get 30 more days to pay premium

  April 05, 2020 15:56 IST

  In a major relief for life insurance policyholders amid the coronavirus crisis, the Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for paying a premium of life insurance policies, by another 30 days, which were originally scheduled to be paid in March and April.

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  Air Deccan ceasing operations until further notice due to COVID-19, employees to go on sabbatical wi

  April 05, 2020 14:55 IST

  Air Deccan has said it is ceasing its operations until further notice and asked all its all employees to go on sabbatical without pay with immediate effect as revenues in the aviation sector having drastically reduced amid the 21-day lockdown imposed to curb the COVID-19 pandemic.

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  On popular demand, Amul brings back 90s famous ad during Ramayan & Mahabharata telecast on DD

  April 05, 2020 12:46 IST

  As the nation goes into nostalgia reliving the Ramayana and Mahabharata on TV, Amul has played to the theme by bringing back famous advertisements from the 90s. The social media handle of Amul has shared several videos of iconic advertisements that were a part of the era when Ramayana and Mahabharata were first aired.

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  GST officers process 10,077 new registrations, 7,876 refund applications in 10 days of lockdown

  April 05, 2020 12:39 IST

  GST Network on Sunday said tax officers have processed over 10,000 new registrations and about 8,000 refund applications in the first 10 days of lockdown till April 3, working through Virtual Private Network (VPN). 

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  Yes Bank commits Rs 10 crore for COVID-19 relief works

  April 04, 2020 21:49 IST

  ​Private sector lender Yes Bank on Saturday committed Rs 10 crore to support the fight against the COVID-19 pandemic. The struggling private sector lender, which had to be bailed out through state-run SBI and a consortium of private sector banks, will donate Rs 10 crore into the PM-Cares Fund.  

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  Flight booking open from April 15: AirAsia

  April 04, 2020 16:07 IST

  Budget carrier AirAsia India on Saturday said bookings for its flights are open from April 15, but it is open to any change in case aviation regulator DGCA issues fresh directives on the issue. 

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  More relief for taxpayers, extra time for submitting Forms 15G, 15H till June 30

  April 04, 2020 16:07 IST

  The Central Board of Direct Taxes (CBDT) has extended the validity of forms 15G and 15H by three months to June 30, 2020 and prevent banks from deducting TDS on interest income of individuals.

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  Hyundai commits support to central, state govts to fight Covid-19

  April 04, 2020 14:16 IST

  Hyundai Motor India Foundation (HMIF), the CSR arm of Hyundai Motor India, on Saturday said it will contribute relief funds to the central and state governments to fight against Covid-19 pandemic. 

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  Coronavirus Crisis: Jeff Bezos donates $100 million to feed out-of-work Americans

  April 04, 2020 13:43 IST

  Amazon Founder and CEO Jeff Bezos has announced to donate $100 million to US food banks to help them feed a growing number of out-of-job Americans during the ongoing new coronavirus (COVID-19) pandemic.

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  Coronavirus crisis: Recession worse than 2008 global financial crisis, IMF chief warns

  April 04, 2020 8:53 IST

  To accommodate this surge, the IMF is deploying total financial capacity of $1 trillion, Georgieva said, emphasising that "we are determined to use as much as necessary in protecting the economy."

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  COVID-19 lockdown: All banks to remain open on Mahavir Jayanti, Good Friday in Uttar Pradesh

  April 03, 2020 22:31 IST

  ​Additional Chief Secretary Home Awanish Kumar Awasthi on Friday said on the directions of Chief Minister Yogi Adityanath all banks in the state will remain open on Mahavir Jayanti and Good Friday during the lockdown period. 

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  Air India closes its booking window till April 30, more than two weeks after lockdown ends

  April 03, 2020 22:16 IST

  Air India is not taking any domestic or international booking till April 30, more than two weeks after the lockdown comes to an end

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  Will honour all job offers, no salary cuts: Flipkart tells staff

  April 03, 2020 19:46 IST

  Flipkart has assured employees that the Walmart-owned company will not slash salaries and will honour the job offers extended even as the coronavirus pandemic has disrupted businesses in the country.

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  India, China trade declines by 12.4 per cent in first first two months amid coronavirus outbreak

  April 03, 2020 19:14 IST

  The trade between China and India fell 12.4 per cent year-on-year to USD 12 billion in the first two months amid the coronavirus outbreak, according to the latest data from Chinese customs. 

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  RBI reduces trading hours for debt, currency markets from April 7

  April 03, 2020 18:22 IST

  The RBI has reduced the trading hours of debt as well as currency markets from Tuesday in view of the lockdown following the outbreak of coronavirus. 

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  Fitch slashes India growth forecast to 30-year low of 2 per cent for FY21

  April 03, 2020 16:42 IST

  Fitch Ratings on Friday said it has slashed India's growth forecast for the current fiscal to a 30-year low of 2 per cent, from 5.1 per cent projected earlier, as economic recession gripped global economy following the lockdown due to COVID-19 pandemic.