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  Nearly half of consumers worried about frauds in digital transactions: Study

  May 13, 2020 15:57 IST

  Nearly half of Indian consumers are more worried about frauds while making digital transactions amid the coronavirus crisis, shows a study.

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  Nirmala Sitharaman press conference on economic package | Top announcements

  May 13, 2020 18:19 IST

  Nirmala Sitharaman's press conference comes a day after Prime Minister Narendra Modi announced USD 265 billion fiscal stimulus to deal with COVID-19 situation in the country. The package is the second largest in Asia after Japan.

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  Digital payments fraud concerns up in India amid COVID-19

  May 13, 2020 15:00 IST

  Almost half of Indian consumers are more concerned about digital payments fraud now than when COVID-19 first emerged, said a survey on Wednesday. Nearly one third have been recent victims of card or digital payments fraud or know someone among their immediate family or friends who has, said the study conducted by YouGov and US-based electronic payments company ACI Worldwide.

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  Automobile component supplier MAHLE group steers steady course through coronavirus crisis

  May 13, 2020 14:54 IST

  In the current coronavirus crisis, the MAHLE Group relies on sound financial position and liquidity. In the 2019 financial year, the automobile component supplier intensified its strategic and technological realignment despite challenging conditions. MAHLE recorded the largest volume of orders received in the history of the Group, with orders running into the billions in the field of new technologies alone. 

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  Are you SBI cardholder? Bank says follow these 10 safety tips to prevent ATM fraud

  May 13, 2020 14:56 IST

  State Bank of India (SBI), India's largest lender and several other banks have warned their account holders about of fraud cases like online banking fraud, cloning, phishing, UPI fraud and others along with banking tips. On Tuesday, SBI again shared tips of safe banking practices with its customers.

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  PM Modi's economic package to boost Make in India programme: Sajjan Jindal

  May 13, 2020 13:31 IST

  Industrialist Sajjan Jindal on Wednesday welcomed the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi to revive the economy hit by COVID-19, saying it will give a boost to the ambitious Make in India programme.

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  India up at 74th place on WEF’s global energy transition index

  May 13, 2020 11:53 IST

  India has moved up two positions to rank 74th on a global ‘Energy Transition Index’ with improvements on all key parameters of economic growth, energy security and environmental sustainability, the World Economic Forum (WEF) said on Wednesday.

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  Cipla inks licensing pact with Gilead Sciences for potential COVID-19 treatment drug remdesivir

  May 13, 2020 11:43 IST

  Homegrown pharma major Cipla Ltd on Wednesday said it has signed a non-exclusive licensing agreement with Gilead Sciences Inc for manufacturing and distribution of investigational drug remdesivir, a potential therapy for COVID-19.

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  Hetero inks licensing agreement with Gilead for manufacturing, distribution of remdesivir

  May 13, 2020 11:37 IST

  Domestic pharma major Hetero on Wednesday said it has entered into a licensing agreement with Gilead Sciences Inc for manufacturing and distribution of remdesivir, a potential therapy for COVID-19.

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  Govt may look at fuel taxes, RBI dividend, higher deficit to fund biggest-ever economic package

  May 13, 2020 11:33 IST

  The government will depend heavily on taxes levied on petrol and diesel to finance its biggest-ever Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi on Tuesday to revive the economy hit hard by Covid-19 pandemic.

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  BRICS' New Development Bank provides USD 1 billion loan to India to fight COVID-19

  May 13, 2020 11:26 IST

  The New Development Bank of the BRICS countries has fully disbursed USD one billion emergency assistance loan to India to help it contain the spread of COVID-19 and reduce human, social and economic losses caused by the coronavirus pandemic. 

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  Economic package likely to include tax-paying middle class

  May 13, 2020 11:06 IST

  The Rs 20 lakh crore package announced by Prime Minister Narendra Modi may have something for the tax-paying middle class as well, Finance Minister Nirmala Sitharaman indicated in her tweet.

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  Here's why PM Modi's Rs 20 trillion economic relief package is among largest in world

  May 13, 2020 11:29 IST

  Announcing India's relief stimulus, which also includes measures taken by the Reserve Bank of India, PM Modi has promised big-ticket reforms in different sectors. The details of the relief package will be announced by Finance Minister Nirmala Sitharaman.

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  Economic Package: FM Sitharaman to address press conference at 4 PM today

  May 13, 2020 11:25 IST

  Finance Minister Nirmala Sitharaman will address a press conference at 4 PM today. Sitharaman is likely to provide the breakup of Rs 20 lakh crore economic package which was announced by Prime Minister Narendra Modi on Tuesday.

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  Sensex zooms over 1,400 points on PM Modi's Rs 20 lakh cr economic booster

  May 13, 2020 10:06 IST

  In the previous session, the BSE barometer settled 190.10 points or 0.60 per cent lower at 31,371.12, and broader Nifty declined 42.65 points, or 0.46 per cent, to 9,196.55.

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  Remdesivir to be produced in India as Gilead signs agreement with Cipla, Jubilant Life

  May 13, 2020 10:09 IST

  Five Indian companies including Cipla and Jubilant Life Sciences have signed an agreement with US drugmaker Gilead for the production of Remdesivir, which is leading the pack for drugs that are considered as a potential treatment for coronavirus. As per the agreement, the drug Remdesivir will be manufactured for distribution in 127 countries.

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  PSU banks sanction ₹5.95 trillion loans in just over 2 months: Nirmala Sitharaman

  May 13, 2020 9:38 IST

  Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 5.95 lakh crore in just over two months, between March 1 and May 8, to over 46.74 lakh accounts. The borrowers for the sanctioned loans include MSMEs, retailers, farmers and corporate sectors.

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  Anil Agarwal to take Vedanta private, buyout public shareholding for Rs 16,200 crore

  May 13, 2020 1:40 IST

  Billionaire Anil Agarwal on Tuesday announced plans to delist his Indian flagship Vedanta Ltd by buying out nearly 49 per cent of public shareholding at Rs 87.5 apiece. Vedanta Ltd, whose shares have fallen more than 40 per cent this year, houses commodity as well as oil and gas business.

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  E-commerce regains 30 per cent of pre-lockdown order volume, says Unicommerce

  May 13, 2020 1:38 IST

  Online commerce platforms are estimated to have regained about 30 per cent of the pre-lockdown order volume in the last one week after relaxations were eased in the third phase of lockdown, a report by Unicommerce eSolutions said on Tuesday.

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  India's factory output contracts by record 16.7 per cent in March

  May 13, 2020 1:36 IST

  India's industrial production contracted by a record 16.7 per cent in March as restrictions imposed to curb the spread of coronavirus hit manufacturing and consumption.

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  COVID-19 crisis opportunity to support 'own innovativeness': Ratan Tata

  May 13, 2020 1:35 IST

  The coronavirus pandemic is like world war and if some funds could be marshalled into certain areas, there could be another wave of innovativeness arising out of a problem just like what happened in World War II or the Cold War, according to veteran industrialist Ratan Tata.

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  US CDC commits $3.6 million assistance for India's COVID-19 fight

  May 12, 2020 16:29 IST

  US Centers for Disease Control and Prevention (CDC) has committed $3.6 million to assist India’s response to the COVID-19 epidemic. CDC said it will support prevention, preparedness, and response activities in India in view of the coronavirus outbreak.

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  SBI Alert! Bank says ATM card holders will get refund for cloning fraud, shares safety mantra

  May 12, 2020 14:53 IST

  As a caution and safety measure for customers, SBI has also advised the account holders to change the ATM PIN at regular intervals, cover ATM/POS keypad while entering the PIN, memorize the security transaction number rather than writing it down on the card or anywhere else.

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  Air India flight with 331 returnees from UK lands in Hyderabad

  May 12, 2020 14:08 IST

  An Air India flight with 331 passengers from Britain landed at the Rajiv Gandhi International Airport here early Tuesday. It later took off with another 87 passengers for Delhi, from where they will be airlifted to the US. 

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  Crisis liquidity bridge from banks to support companies: Report

  May 12, 2020 13:41 IST

  As businesses go through a tough phase with fall in revenues and liquidity crunch, a joint report by FICCI and Deloitte suggests that the banking sector can come up with a 'crisis liquidity bridge' for companies through working capital term loan (WCTL) and funded interest term loan (FITL) among other facilities to tide over the coroanavirus crisis.

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  AWS announces enterprise search service Amazon Kendra

  May 12, 2020 12:58 IST

  Ecommerce giant Amazon's Cloud arm Amazon Web Services (AWS) on Tuesday announced the general availability of Amazon Kendra, an enterprise search service powered by machine learning.

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  IRCTC Special Trains: Aarogya Setu app is 'mandatory' for passengers, says Railways

  May 12, 2020 12:14 IST

  The Indian Railways, which had on Monday "advised" the passengers availing the special trains that started operating on Tuesday to install the government's Aarogya Setu mobile application, has now made it "mandatory" to do so.

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  Economists warn of costly COVID-19 resurgence if US reopens hastily

  May 12, 2020 11:59 IST

  As more US states have started to partially reopen amid the COVID-19 pandemic, many economists have warned that moving too fast might risk a second wave of infections, which could have grave financial impacts.