Pune businessman gets himself coronavirus gold mask worth nearly Rs 3 lakh

Business-standard “I saw a news on television about a silver mask. I then spoke to my jeweller and ordered a gold mask,” he said TopicsCoronavirus | Maharashtra | Pune At a time when wearing face mask is mandatory to contain the spread of coronavirus, a businessman from Maharashtra’s Pune district has got himself a customised gold mask worth Rs 2.89 […]

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Shell CEO does not rule out moving headquarters from Netherlands to Britain

Business-standard Shell has a complex Anglo-Dutch holding structure with a tax residency and headquarters in the Netherlands and a registered office in Britain TopicsRoyal Dutch Shell | Shell | Netherlands Reuters  |  Amsterdam  Last Updated at July 5, 2020 07:34 IST Royal Dutch Shell is not ruling out moving its headquarters from the Netherlands to Britain, the oil company’s chief […]

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WHO halts trial of 2 drugs to treat hospitalised coronavirus patients

Business-standard Hydroxychloroquine and lopinavir showed little or no reduction in the mortality, says the international organisation. TopicsCoronavirus | Coronavirus Vaccine | WHO IANS  |  Geneva  Last Updated at July 5, 2020 06:11 IST The World Health Organization (WHO) announced on Saturday that it was discontinuing trial of hydroxychloroquine and lopinavir/ritonavir drugs for treating Covid-19, citing little or no reduction […]

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Bajaj Auto unions demand factory halt after 250 workers test Covid positive

Business-standard The affected Bajaj Auto factory is located in western Maharashtra, the state with the highest number of cases of Covid-19, the disease the virus causes TopicsBajaj Auto | automobile industry | Trade unions Workers at Bajaj Auto, India’s biggest exporter of motorbikes, are demanding the temporary closure of one of its plants after 250 employees there tested positive […]

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2 Hizbul terrorists killed in encounter in J&K's Kulgam; Army man injured

Business-standard Two Hizbul Mujahideen terrorists were killed and an Army man suffered injuries during an encounter between the ultras and security forces in Kulgam district of Jammu and Kashmir on Saturday, police said. Security forces launched a cordon-and-search operation in the Arrah area of Kulgam district of south Kashmir on Saturday based on specific information […]

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IAF ramping up deployment in key bases along LAC amid border row with China

Business-standard The Indian Air Force is significantly enhancing deployment of its frontline jets, attack helicopters and transport fleet in all its key bases guarding the airspace along the Line of Actual Control in view of heightened border tension with China in eastern Ladakh, people familiar with the development said on Saturday. The IAF has also […]

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Florida reports more than 11,000 new coronavirus cases, breaking another daily record as Miami imposes curfew

CNBC A deserted beach is seen ahead of the July 4th holiday weekend in Miami Beach, Miami, on July 3, 2020. CHANDAN KHANNA Florida on Saturday reported at least 11,445 new coronavirus cases, the state’s largest number of daily cases so far, according to figures released by the Florida Department of Health.  The virus has […]

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Remain unfazed when people present demands, Modi tells BJP workers

Business-standard Modi offered this advice to party workers and leaders at a videoconference, ‘seva hi sangathan’, where he took stock of the assistance BJP workers provided to people during the countrywide lockdown TopicsNarendra Modi | Bharatiya Janata Party BJP | BJP worker Archis Mohan  |  New Delhi  Last Updated at July 4, 2020 21:06 IST Amid continuing economic distress […]

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Over 95% respondents have started wearing mask, covering face: NCAER survey

Business-standard More than 95% people have started wearing masks or covering nose and mouth, but the percentage of people following other precautions to prevent coronavirus spread is still low, shows an NCAER survey Topicsncaer | Coronavirus | Survey More than 95 per cent of the respondents have started wearing masks or covering their nose and mouth, but the percentage […]

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Nitish Kumar takes Covid-19 test after leader he sat next to tests positive

Business-standard Bihar Chief Minister Nitish Kumar on Saturday sent his swab sample for Covid-19 test after he shared the dais with Legislative Council Acting Chairman Awdesh Narayan Singh, who has been found infected with the contagious virus, at an official event, officials said. The sample has been sent to Indira Gandhi Institute of Medical Sciences […]

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Coal production nil in most mines during 3-day strike: Trade union leader

Business-standard A coal ministry official said that on Friday CIL produced 5.55 lakh tonnes of coal Friday, which is 42.7 per cent of the 10 days average production (from June 22 to July 1) of 12.969 lakh tonne TopicsCoal production | Coal India | Trade union strike The three-day nationwide strike by coal workers against the government’s decision to […]

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Bhargava's letter on Covid-19 vaccine only intends to cut red tape: ICMR

Business-standard After the furore in the medical and scientific community following the letter from the head of the country’s premier, state-run medical research organisation, the Indian Council of Medical Research (ICMR), on Saturday clarified its stand. It claimed that the process to develop vaccine to fight Covid-19 pandemic is according to globally accepted norms of […]

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Virtual family daytrips that will help parents stay sane and keep boredom at bay this summer

CNBC 10’000 Hours | Getty Images Familiar summer destinations like museums, national parks and major cities may not be easy to travel to this summer amid the ongoing coronavirus pandemic. As states report new surges in Covid-19 cases, pause reopening measures and even reinstitute business restrictions, families may be more hesitant to venture far from […]

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Chinese app ban: PM urges start-ups to create 'Atmanirbhar' App ecosystem

Business-standard He said the app innovation challenge is for those who have such a working product or if they feel they have the vision and expertise to create such products TopicsCoronavirus | India China border row | Lockdown Days after the government banned 59 Chinese apps, Prime Minister Narendra Modi on Saturday invited the start-up and tech community to […]

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Supreme Court ruling in Louisiana case sets back abortion foes' hopes of overturning Roe v. Wade

CNBC The Supreme Court’s 5-4 decision to strike down a restrictive Louisiana law is far from the final battle by abortion opponents in their fight to overturn Roe v. Wade.  Sponsored by an anti-abortion Democrat, Louisiana Act 620 was passed in 2014. State Sen. Katrina Jackson contended that its requirement that abortion providers have admitting […]

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Army trashes criticism over medical facility in Leh; terms it malicious

Business-standard The Indian Army on Saturday termed as “malicious and unsubstantiated” criticism in some quarters about a medical facility in a military hospital in Leh where Prime Minister Narendra Modi interacted with the soldiers injured in the Galwan Valley clashes. In a statement, the Army said “it is unfortunate that aspersions are being cast on […]

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Kimberly Guilfoyle, Trump campaign official and girlfriend of president's son, tests positive for coronavirus

CNBC Kimberly Guilfoyle, a senior Trump campaign official and Donald Trump Jr.’s girlfriend, tested positive for coronavirus while in South Dakota on Friday, the chief of staff for the Trump Victory Finance Committee confirmed Friday. Trump Jr., the eldest son of President Donald Trump, tested negative, Sergio Gor said. “After testing positive, Kimberly was immediately […]

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Weak demand, oversupply, price drop to hit steel sector in Q2 FY21: Ind-Ra

Business-standard Both HRC and rebar prices were down 3 per cent and 4 per cent month-on-month respectively in mid-June TopicsSteel sector | steel demand | Lockdown ANI  Last Updated at July 4, 2020 15:26 IST Steel prices could fall further in coming weeks as domestic production will gradually increase with the easing of lockdown restrictions along with no corresponding […]

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Coal workers' strike: Trade unions to decide on future course of action

Business-standard Tapan Sen, general secretary of the Centre of Indian Trade Unions (CITU), said that in comparison to the previous two days, more workers have joined the strike on Saturday TopicsCoal India | Labour union strike | Coal production The three-day nationwide strike by coal workers, which entered the third day on Saturday, has been “100 per cent peaceful”, […]

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Fund houses asked to disclose SIP contribution over accuracy concerns

Business-standard Experts say move could give clearer picture on impact on flows in current conditions TopicsMutual Funds | SIP | Amfi Jash Kriplani  |  Mumbai  Last Updated at July 4, 2020 14:53 IST The Association of Mutual Funds in India (Amfi) has sought data on systematic investment plans (SIPs) from individual fund houses, to rule out any concerns over […]

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WhatsApp brand campaign in India sets itself as secure messaging platform

Business-standard WhatsApp on Saturday said it is launching its ‘It’s Between You’ brand campaign in the country showcasing stories about how Indians are using the Facebook-owned platform to communicate in a secure manner. WhatsApp collaborated with Bollywood director Gauri Shinde along with BBDO India to create two 60-second ads that highlight how its features like […]

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Heavy rains to persist in Mumbai, coastal Maharashtra on Saturday: IMD

Business-standard The IMD had issued a red alert late on Friday for Mumbai, Raigad and Ratnagiri. It had predicted heavy to very heavy rainfall on Saturday TopicsIMD | Monsoon  | Mumbai rains Heavy rains will continue to lash Mumbai and the coastal districts of Maharashtra for the second consecutive day on Saturday, an official of the India Meteorological […]

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Hong Kong officials 'very disappointed' at Canada's move to suspend extradition pact

CNBC Pedestrians walks past a government-sponsored advertisement promoting a new national security law on June 30, 2020 in Hong Kong, China. Billy H.C. Kwok | Getty Images Senior officials in Hong Kong said on Saturday they were “very disappointed” at Canada’s decision to suspend its extradition treaty with the Chinese-ruled city and again slammed Washington for “interfering” in its […]

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Kimberly Guilfoyle, Trump campaign official and girlfriend of president's son, tests positive for coronavirus

CNBC Donald Trump Jr. looks on as Kimberly Guilfoyle speaks during a ‘Make America Great Again’ campaign rally at Williamsport Regional Airport, May 20, 2019 in Montoursville, Pennsylvania. Drew Angerer | Getty Images Kimberly Guilfoyle, a senior Trump campaign official and Donald Trump Jr.’s girlfriend, tested positive for coronavirus while in South Dakota on Friday, […]

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Remdesivir only for restricted emergency use on Covid-19 patients: Govt

Business-standard The Union health ministry on Friday revised the dosage of the antiviral drug remdesivir, being administered to hospitalised coronavirus (Covid-19) patients, from the earlier six days to a five-day treatment course. According to the ministry, the remdesivir drug is only for restricted emergency use on patients with moderate disease (those on oxygen support). The […]

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Latest News LIVE updates: Nepal's ruling party to decide Oli's future as PM

Business-standard The future of K P Sharma Oli as Nepal Prime Minister will be decided at a crucial Standing Committee meeting of the ruling communist party today, amid growing demand for his resignation for his anti-India remarks. Top NCP leaders are of the opinion that Oli’s remarks were “neither politically correct nor diplomatically appropriate”. In another […]

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India bars UAE airlines from operating flights; efforts on to resolve issue

Business-standard A formal order has not been issued but UAE airlines, including Air Arabia, Emirates, Etihad and Flydubai, were verbally informed of the decision on Thursday. TopicsCoronavirus | UAE | airlines India is not allowing UAE airlines to operate additional repatriation flights. The move comes following the UAE government’s curbs on carrying passengers to Dubai on Air India and […]

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WHO expects results from Covid-19 drug trials within two weeks

Business-standard The World Health Organization (WHO) should soon get results from clinical trials it is conducting of drugs that might be effective in treating Covid-19 patients, its Director General Tedros Adhanom Ghebreyesus said on Friday. “Nearly 5,500 patients in 39 countries have so far been recruited into the Solidarity trial,” he told a news briefing, […]

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Covid-19 crisis: Race to develop vaccine gets a booster as field widens

Business-standard The race to develop a vaccine for SARS-Cov-2 (novel coronavirus) just got hotter as more competitors received regulatory approval from the Drugs Controller General of India’s (DCGI’s) Central Drugs Standard Control Organisation (CDSCO) to conduct phase-II clinical human trials. Recently, Bharat Biotech’s Covaxin, a vaccine candidate that it developed in collaboration with the Indian […]

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Uber shuts Mumbai office as part of restructuring; services to continue

Business-standard When contacted, an Uber spokesperson said, ‘Uber continues to provide a high level of service to all its riders in Mumbai’ TopicsUber | Uber bike taxi | Lockdown Ride hailing platform Uber has shut down its Mumbai office as part of its restructuring efforts, but it will continue to provide services in the city, according to sources. The […]

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Tata Steel Dutch employees safe from job losses, says Labour Union

Business-standard There are about 9,000 workers at Ijmuiden. FNV said an agreement has also been reached on the company structure. TopicsTata Steel | labour unions | Lockdown Tata Steel said on Friday it had reached an agreement with its Dutch labour unions that there would be no compulsory redundancies from the company’s transformation programme. They also said employment pact […]

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Railtel gives a fillip to Railways' digital drive amid Covid-19 pandemic

Business-standard While the initiative of e-office got a push in the last three months, the usage of the commercial bandwidth of Railtel increased 1.5 times and retail bandwidth by 2.25 times during this period. TopicsIndian Railways | Coronavirus | Lockdown Shine Jacob  |  New Delhi  Last Updated at July 4, 2020 06:50 IST The coronavirus outbreak turned out to […]

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Centre asks states to bring law preventing loose edible oil sales

Business-standard The Centre has advised state governments to enforce a law preventing retailers from selling edible oil in loose form. In an advisory issued late on Thursday, Nidhi Khare, principal secretary, department of consumer affairs, said, “It is requested that prevention of adulteration may be enforced and the concerned officers may be directed to ensure […]

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GI Council wants standard Covid treatment rates for easier claim settlement

Business-standard The General Insurance Council (GI Council) has come up with an indicative rate chart for treatment of Covid-19 patients to guide insurance companies during the claim settlement process. The rates will be reviewed every month. For cases where the rates charged are more than the indicative rates because of various medical exigencies, insurance companies […]

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Sebi notifies new regulations for registered investment advisers

Business-standard The Securities and Exchange Board of India (Sebi) has notified changes to the regulatory framework for registered investment advisors (RIAs), which will come into effect following inclusion in the official gazette. The new norms require mandatory segregation of advisory and distribution activities at the client level, to avoid conflicts of interest. For non-individual advisors […]

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Equity fund raising activity surges 52%, fee pool declines in H12020

Business-standard Equity capital market (ECM) activity jumped over 50 per cent in the first half (H1) of calendar year 2020 led by big-ticket transactions of large companies such as Reliance Industries (RIL) and Hindustan Unilever (HUL). However, ECM fee collection dipped 7 per cent as investment banks sacrificed fees to bag bigger mandates. ECM underwriting […]

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India's power companies face cash crunch after PFC rating cut to junk

Business-standard Electricity projects, already reeling under precarious finances, could see borrowing costs soar if Power Finance isn’t able to access the dollar bond market or raises funds overseas TopicsCompanies | Power Sector | power companies A downgrade to junk for a state-run lender to electricity projects risks worsening the cash crunch faced by the nation’s power firms. Power Finance […]

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July Fourth weekend will test Americans' discipline as coronavirus cases hit record

CNBC The U.S. headed into the Fourth of July weekend with many parades and fireworks displays canceled, beaches and bars closed, and health authorities warning that this will be a crucial test of Americans’ self-control that could determine the trajectory of the surging coronavirus outbreak. With confirmed cases climbing in 40 states, governors have ordered […]

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J.P. Morgan launches two actively managed equity ETFs — what you need to know

CNBC Active management is back in action. J.P. Morgan Asset Management recently launched two new actively managed stock-based exchange-traded funds, a sign that issuers are looking to profit from more out-of-the-box strategies as the market grapples with unprecedented volatility. Launched on May 21, the JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan International Growth ETF (JIG) represent ways of […]

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Intel Capital picks up 0.39% stake in Jio Platforms for Rs 1894.50 cr

Business-standard The latest fund raising news comes on the back of RIL’s announcement that it has turned net debt free ahead of its March 2021 deadline TopicsIntel India | Reliance Jio Reliance Industries (RIL) on Friday announced a 0.39 per cent stake sale in Jio Platforms, its digital services subsidiary, to Intel Capital for Rs 1894.50 crore. […]

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Trump will 'pay a terrible price' in November's election over coronavirus and Black Lives Matter, professor predicts

CNBC President Donald Trump’s response to the coronavirus crisis and widespread protests over racial injustice have landed him “in big trouble” ahead of November’s election, according to one politics expert. Speaking to CNBC’s “Street Signs Europe” on Friday, Inderjeet Parmar, professor of International Politics at City University, said Trump had been given two political gifts […]

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