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Monday, May 31, 2021

Bajaj Auto shares gain 3%, near record high post May sales update

Segment-wise, Bajaj Auto's 2-wheeler sales grew 113 per cent to 240,554 units while commercial vehicles were up 118 per cent at 31,308 units

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Delhi's amended excise rules allow home delivery of Indian, foreign liquor

The Delhi government has allowed home delivery of liquor under the amended excise rules

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Rupa & Company surges 20%, hits 52-week high on strong Q4 show

The company's revenue from operations jumped 153 per cent year-on-year to Rs 453.99 crore from Rs 179.30 crore posted in the same quarter a year ago

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India reports fewest daily new Covid cases in 50 days; deaths below 3,000

India reported 127,510 new infections- its lowest total in 50 days - while 2,795 more succumbed to the pandemic in 24 hours

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LG converting smartphone production lines to manufacture home appliances

LG Electronics is fast converting its overseas smartphone manufacturing lines into facilities to make home appliances following its decision to withdraw from the mobile business

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Savings dry up, few jobs: Covid second wave hits migrant workers harder

Workforce is facing grim reality of hunger as many people do not carry ration cards with them.

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Tamil Nadu govt finds Wipro's factory not following Covid SOPs, labour laws

Tamil Nadu's Industrial Safety and Health Department has issued showcause notice to hydraulic cylinder maker Wipro Enterprises for violating Factories Act and allied labour laws at its plant

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Delhi allows home delivery of liquor through apps or websites, tweaks rules

City seeks to boost its revenues as it eases a weeks-long lockdown to contain Covid-19.

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SBI shares extend rally, hit new record high, m-cap near Rs 4 trillion-mark

SBI had posted a strong quarterly performance in Q4FY21 and has showed further sequential improvement in assets quality and rise in profitability

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Bangladesh rises to be South Asia's standout star as India, Pak fall behind

Bangladesh's growth rests on three pillars: exports, social progress and fiscal prudence

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Defence stocks rally as MoD puts 108 items on import ban list; BEL up 6 %

The MoD, on Monday, announced a list of 108 items of defence equipment that must be compulsorily procured from indigenous sources according to provisions in the Defence Acquisition Procedure 2020

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Ethnic diversity helps identify more diabetes-related genomic regions

By including multi-ethnic participants, a large-scale genetic study by the University of Exeter has identified more regions of the genome linked to type-2 diabetes-related traits

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Stocks to watch: ITC, Narayana Hrudayalaya, Magma Fincorp, auto stocks

State-owned Canara Bank on Monday said it has appointed S K Majumdar as its chief financial officer (CFO) with immediate effect

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Technology company Cloudgen admits to H1-B visa fraud involving Indians

The technology company has admitted to committing fraud to bring Indians on the coveted H1-B visas to the US, according to a federal prosecutor

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Dabur, ICICI Pru: Stocks that Osho Krishan of Anand Rathi is bullish on

The 14-period RSI has seen positive crossover affirming the bullish stance in the Dabur counter from a short to medium-term perspective

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Trading volumes likely to be hit as 75% peak margin kicks in today

The norms are being implemented in phases starting December 2020

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Technology company Cloudgen admits to H1-B visa fraud involving Indians

The technology company has admitted to committing fraud to bring Indians on the coveted H1-B visas to the US, according to a federal prosecutor

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MARKET LIVE: SGX Nifty signals a positive start; ITC Q4 results today

LIVE market: Analysts expect ITC to post high single-digit revenue growth on a early basis during the quarter under review, although the profit after tax (PAT) is expected to fall

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ITC Q4 preview: Analysts see high single-digit revenue growth; PAT may dip

Brokerage JM Financial expects PAT to decline 6.4 per cent YoY to Rs 3,554.9 crore during the quarter ended March 2021

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Coronavirus LIVE: India records 126,698 new cases; lowest since April 26

Coronavirus live updates: India reported 126,698 fresh Covid-19 infections today, taking the caseload tally to 28,173,655. Death toll stands at 331,909. Stay tuned for corona-related news

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WHO names Covid-19 variants found in India as 'Kappa' and 'Delta'

The B.1.617.1 and B.1.617.2 variants, first identified in India, has been named as 'Kappa' and 'Delta' respectively, using Greek alphabets

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IndiGo brings leave without pay for senior staff to tide over Covid impact

The airline said senior employees would have to go on compulsory leave without pay for up to four days per month till September as passenger traffic has reduced due to the second Covid wave

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Madras High Court orders Covid-related audit of Renault-Nissan plant

Workers at the plant are on a strike over allegations that social distancing rules are not being followed

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Sunday, May 30, 2021

Central Vista essential project, work to continue, rules Delhi High Court

The Delhi High Court on Monday allowed the construction work of the Central Vista project to continue, saying it was a "vital and essential" national project

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Mamata writes to Modi, says will not release Bengal chief secretary

Chief Secretary Alapan Bandyopadhyay was to report to Delhi at 10 am.

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PNB HFC raising up to Rs 4,000 cr in equity; Carlyle group among investors

Aditya Puri, former CEO of HDFC Bank will also infuse capital transactions.

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PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore

Carlyle has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share

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M&M slips 7% as firm expects slower tractor sales growth in FY22

While growth in tractors is slowing down after robust growth in FY21, M&M's auto segment is expected to see strong momentum in both LCVs and SUVs, brokerage MOSL said

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Construction firm J Kumar Infraprojects bags Rs 1,307.8 cr order from MMRDA

Civil engineering and construction company J Kumar Infraprojects Ltd on Monday said it has bagged an order worth Rs 1,307.88 crore from the Mumbai Metropolitan Region Development Authority

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Logistics firm Delhivery raises $277 million, now valued at $3 billion

Delhivery has reportedly raised $277 million in its latest round of funding, taking its market valuation to nearly $3 billion

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Open up vaccination to India's private sector: SpiceJet scion Avani Singh

SpiceHealth was founded in November last year, quickly becoming a first mover in cheap testing for Covid-19.

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As WhatsApp hits India's great firewall, other companies may help build it

In the name of a responsible internet, several will be eager to abet the government in soft censorship.

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Divi's Labs gains 3%, hits new high on strong March quarter results

The board has recommended a dividend of Rs 20 (i.e. 1,000 per cent) per equity share of face value Rs 2 each for the financial year 2020-21

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Let the Budget go down to people before talking about stimulus: Sitharaman

Finance Minister says Budget 2021-22 has been designed keeping in mind the necessity for stimulus.

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India economy seen growing at world's quickest rate despite Covid outbreak

The economy is on track to grow 10% in the year that began April 1, according to the median of 12 estimates compiled by Bloomberg News

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World should learn the right lessons from India's Covid-19 cataclysm

All nations should now understand that vaccines work and that interfering with their supply is dangerous.

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Stocks to watch: HDFC Bank, M&M, BoB, Affle (India), Aurobindo Pharma, PNB

Bank of Baroda (BoB) reported a standalone net loss of Rs 1,047 crore in the quarter ended March 2021, as it shifted to a new tax regime

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Vaishali Parekh is bullish on Piramal Enterprises, Escorts. Check why

The RSI is indicating strength with a trend reversal to make the Escorts chart look attractive with potential upside scope in the coming days

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Sameet Chavan of Angel Broking expects Nifty to hit 15,600 soon

On the flipside, 15,300 - 15,150 - 15,000 are to be considered as immediate supports.

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Late arrival of southwest monsoon rains in India may delay sowing of crops

Timely arrival of the monsoon is critical for India's crop output and economic growth.

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MARKET LIVE: SGX Nifty indicates a tepid start; BoB, Divi's Lab in focus

Live market: On the macroeconomic front, GDP data for the March quarter is slated to be out today, along with the core sector data for April

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Who bore brunt of income losses in CY20 as India battled coronavirus?

Almost four-fifth of all income losses were incurred by households and the corporate sector

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Rally lures HDFC Bank to do 'whatever it takes' to make more equity deals

HDFC Bank ranked number 16 for overall equity deals business last year, and number 29 in 2019, according to Bloomberg.

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Mehul Choksi moved to government quarantine facility in Dominica: Report

Fugitive diamantaire Mehul Choksi has been moved to the government quarantine facility in Dominica, according to sources on Sunday

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Olympic games face shortage of medical staff as Covid cases surge in Japan

Organisers had initially planned to have about 10,000 medical staff on standby for the games, but have to cut short to about 7,000.

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Coronavirus LIVE: India records 173,921 cases in a day; total past 28 mn

Coronavirus live updates: India reported 153,485 fresh Covid-19 infections today, taking the caseload tally to 28,046,957. Death toll stands at 329,127. Stay tuned for corona-related news

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Country experienced many moments of national pride in seven yrs: PM Modi

The country has experienced many moments of national pride during his government's tenure, Prime Minister Narendra Modi said on Sunday as he highlighted its initiatives on national security

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MPC, macro data, Covid-19 to dictate market trends this week: Analysts

The MPC's interest rate decision, a host of macroeconomic data announcements, Covid-19 trends and global factors would be the major highlights in the equity market this week, analysts said

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Finland start-up targets to remove car addiction, cut carbon emissions

MaaS Global says its app can fix urban congestion and reduce pollution.

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Confident of better performance in India this year : Mercedes-Benz

German luxury carmaker Mercedes-Benz is confident of putting up a better performance this year in India despite the severe second wave of COVID-19, banking on learnings from last year's first wave and more confidence in its customer base, according to a senior company official. Having addressed the supply chain issues that plagued it last year, Mercedes-Benz India is also sticking to its original plan to bring 15 new products in the market this year despite the launch of its SUV GLA delayed by almost a month due to fresh surge in COVID-19 cases in April. "We learnt something in the first wave. We could see how quick the economic recovery was. Yes, the first wave was not as heavy as the second wave but it took only four to six weeks from the peak to a good fourth quarter. Now of course the situation is worse but there is more confidence in the businesses on how to manage it," Mercedes-Benz India Managing Director & CEO Martin Schwenk told PTI. He further said,"If I look from a ...

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Govt eases emergency credit guarantee scheme to help businesses in pandemic

Scheme removes the ceiling of outstanding loans of Rs 500 crore, keeps government's guarantee cover of Rs 3 trillion.

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Govt considers enhancing $41 billion loan-guarantee for small firms: Report

It may allow small companies to borrow an additional 30% of their credit limit, up from 20% announced last year.

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Medical oxygen production, Covid-19 tests ramped up: Modi on 'Mann Ki Baat'

India reported on Sunday 1,65,553 new coronavirus infections during the previous 24 hours, its lowest daily rise in 46 days, while deaths rose by 3,460.

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Monsoon likely to hit Indian coast around Monday, says Weather office

Monsoon rains are likely to hit India's southern coast around May 31, in line with typical patterns, the state-run India Meteorological Department said in its latest forecast on Sunday.

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Saturday, May 29, 2021

Google, Facebook updating websites to announce grievance officers: Report

Google and Facebook have begun updating their websites to reflect the appointment of the grievance officers under the new social media rules that came into effect recently

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470 infrastructure projects show cost overruns worth Rs 4.38 trillion

As many as 470 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.38 trillion, according to a report.

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'They hit you hard': How DarkSide became powerhouse of ransomware attacks

Cybergang's targeting of US pipeline owner casts spotlight on a rapidly expanding criminal industry based primarily in Russia.

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Hand over Mehul Choksi, he is our citizen: India tells Dominica

Efforts have been scaled up to bring back fugitive businessman Mehul Choksi. Multiple agencies are in touch with the government of Dominica on the issue

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29 missing after Uttarakhand glacier burst tragedy declared dead

Nearly 29 labourers went missing when a glacier burst triggered a massive flash flood on February 7, have finally been declared 'dead'

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32 kids orphaned in Covid pandemic in Delhi: Child rights panel chief

The Delhi child rights panel has identified 32 children who have been orphaned during the Covid pandemic in the national capital

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Eight of top-10 most valued firms add over Rs 1.39 trn in m-cap

Only Hindustan Unilever and Bajaj Finance saw losses in their market capitalisation for the trading week closed on Friday

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India records single-day spike of 165,000 Covid-19 cases, lowest in 46 days

India recorded a single-day rise of 1,65,553 new Covid-19 cases, the lowest in 46 days, taking the country's infection tally to 2,78,94,800

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Record company registrations in April; Maha, Delhi, UP lead charge

Notwithstanding the Covid-19 pandemic, corporate activities have maintained their momentum in the country.

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Record company registrations in April; Maha, Delhi, UP lead charge

Notwithstanding the Covid-19 pandemic, corporate activities have maintained their momentum in the country.

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Mehul Choksi's pictures from Dominica surface, show him with injury marks

Days after he was found and later arrested in Dominica, the first pictures of India-born fugitive diamantaire Mehul Choksi surfaced on Saturday showing him sustaining several injuries.

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Coronavirus LIVE: India tally at 27,893,472; global cases reach 170.61 mn

Coronavirus live updates: India reported 173,790 fresh Covid-19 infections on Saturday. Stay tuned for corona-related news

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Modi likely to speak about Covid-19 vaccines, health infra on Mann Ki Baat

Prime Minister will respond to public submissions for the 77th edition of his radio show.

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Cong accuses BJP's Tejasvi Surya, his uncle of taking bribes for vaccines

Congress demanded an FIR be registered against them and they be removed as MP and MLA respectively

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Covid-19: Lockdown extended in Kerala, Goa, Maharashtra among other states

Some states such as Delhi, Madhya Pradesh and Himachal Pradesh have announced certain relaxation in the curbs

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Drugmaker Glenmark fourth quarter net profit up 6% at Rs 233.87 crore

The rise came on account of higher sales.

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Will you give livelihood to 100 mn dairy farmers: Amul MD asks PETA

R S Sodhi fulminated against the animal rights organisation over its suggestion to Amul to switch to producing vegan milk

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Jaishankar discusses regional security with US, says Quad fills a gap

Regarding, India's position on COVID-19 origin tracing, Jaishankar said that WHO convened a global study on origin of COVID-19 and that is an important first step.

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Domestic flights to cost more as govt raises minimum airfares by 13%-16%

Flights with duration between 40 minutes to one hour will have fares at a lower limit of Rs 3,300. The fares for such flights were earlier capped by the ministry at Rs 2,900

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Remainder of IPL 2021 to be held in the UAE in Sep-Oct, says BCCI

At its virtual Special General Meeting on Saturday, BCCI also decided to seek more time from ICC to take 'appropriate call' on hosting T20 World Cup

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French companies pledge support for India's health infrastructure

The Indo-French Chamber of Commerce & Industry (IFCCI) has raised over EUR 6.1 million (Rs 55 crore) from French companies based in India to support its ongoing fight against the Covid pandemic

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Petrol crosses Rs 100 a litre in Mumbai after 15th increase this month

Petrol price on Saturday crossed the Rs 100-a-litre mark in Mumbai after the 15th increase in fuel prices this month

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NGT forms panel to probe violation of environmental norms by JSW in Raigarh

The National Green Tribunal (NGT) has formed a five-member committee to probe into a plea alleging violation of environmental norms in running the industrial operations by Jindal Steel Works

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Bharti group backed OneWeb successfully launches 36 more satellites

Bharti group backed OneWeb confirmed the next successful launch of 36 satellites by Arianespace from the Vostochny Cosmodrome

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Jaypee Infra case: NBCC, Suraksha get more time to submit final bids

Financial creditors of embattled Jaypee Infratech have decided to give more time to state-owned NBCC and Suraksha group to submit their final bids to acquire the realty firm through insolvency process

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Online higher education firm upGrad goes bullish on small town India

upGrad said it is witnessing a great response from learners in the tier 2 and 3 cities and small towns in India

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Cloud gaming platform OnMobile Global posts Q4 EBITDA at Rs 15 crore

Cloud gaming platform OnMobile Global clocked 28 per cent growth in earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 15 crore in the January to March quarter as compared to Rs 12 crore in the same period of previous fiscal.Cost rationalisation efforts and optimum marketing investments helped the company reduce manpower cost and marketing cost which resulted in the growth.Operating profits grew by 47 per cent to Rs 13 crore in Q4 FY21 but profit after tax cracked 16 per cent to Rs 15 crore.Revenues witnessed a drop of 9.7 per cent to Rs 137 crore from Rs 152 crore in Q4 FY20 -- mainly due to low collections from Europe and Middle East & Africa.As on March 31, the company said it had total assets worth Rs 899 crore as compared to Rs 881 crore in previous year.OnMobile provides end-to-end mobile entertainment solutions that include platform, apps, content partnerships and professional services to carriers across the globe.

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Friday, May 28, 2021

Phoenix Mills, CPP Investments form JV for Kolkata mall; invest Rs 800 cr

CPP Investments would invest Rs 560 crore (C$93 million) in Mindstone Mall Developers (Mindstone) in tranches, for an equity stake of 49%

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Blood oxygen levels may explain why memory loss is symptom in Alzheimer's

Scientists have recorded blood oxygen levels in the hippocampus and provided experimental proof for why the area is vulnerable to damage and degeneration, a precursor to Alzheimer's disease

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Better choice of contraceptives can prevent breast cancer, says study

A new study found that contraceptive-related breast cancer can be prevented by more informed choices about the composition of contraceptives

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97% Indians poorer post-Covid; steady fall in salaried jobs: Mahesh Vyas

Centre for Monitoring Indian Economy CEO Mahesh Vyas explains whether India's economy can make another quick recovery

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The only way out is to vaccinate 70-80% of the country: S Vincent Rajkumar

S. Vincent Rajkumar, an oncologist and professor of medicine at the Mayo Clinic in the United States, talks about how India can avert a possible third wave of Covid-19

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Outright economic boom is missing from the Joe Biden revival budget

Economic growth is strong in 2021 and 2022 - but strong enough only to return the economy to its pre-pandemic trend line, not to surge above the trajectory it was on throughout the 2010s

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Joe Biden's fossil fuel moves clash with pledges on climate change

The clash between Mr. Biden's pledges and some of his recent decisions illustrates the political, technical and legal difficulties of disentangling the country from the oil, gas and coal

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Coronavirus LIVE: India records 173,921 cases in a day; lowest in 46 days

Coronavirus live updates: India reported 173,921 fresh Covid-19 infections today, taking the caseload tally to 27,719,431. Death toll stands at 322,384. Stay tuned for corona-related news

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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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Nifty50 index likely to scale 16,000 in Q2, say technical analysts

Experts said the performance of banking and energy stocks, mainly Reliance Industries, will be the key for the market to hold on to current levels

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Rupee climbing fast to the dollar, 10-year bond yields back to 6%

RBI is trying to maintain a tight leash on the 10-year bond rates, and once again devolved them in Friday's auction

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Thursday, May 27, 2021

Easier said than done but India should buy Chinese Covid-19 vaccines

There cannot be a bigger national interest right now than saving Indians from avoidable death.

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Stocks to watch: M&M, Sun Pharma, Eicher Motors, Glenmark Pharma

Analysts expect M&M to report up to 330 per cent YoY growth in net profit, helped by increase in volume and average selling price

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US economic growth in April-June remains unrevised at annualised 6.4%

The US economy grew at an annual rate of 6.4 per cent in the first quarter of 2021, the Commerce Department said in its second estimate.

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Four key charts to indicate whether latest rally in gold can be sustained

Bullion is one of the best-performing commodities this month, erasing almost all of this year's losses.

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Brent nudges towards $70 a bbl on rosy US data, oil demand outlook

US inflation data will be released later in the day on Friday

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Osho Krishan of Anand Rathi is bullish on HDFC Life, L&T Info. Check why

LTI has reversed its trend from the previous swing low and is currently placed well above all its major moving averages on the daily chart

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Bull Spread Strategy on Axis Bank by Nandish Shah of HDFC Securities

The stock price has already broken out from the downward slopping trendline on the daily chart

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M&M Q4 preview: Profit may surge over 300%; margins may contract QoQ

According to the monthly sales update provided by the company, Mahindra & Mahindra sold a total of 202,223 units in Q4FY21, up 33.3 per cent from the 151,713 units sold in the year-ago quarter

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M&M Q4 preview: Profit may surge over 300%; margins may contract QoQ

According to the monthly sales update provided by the company, Mahindra & Mahindra sold a total of 202,223 units in Q4FY21, up 33.3 per cent from the 151,713 units sold in the year-ago quarter

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MARKET LIVE: SGX Nifty indicates a positive start for Sensex, Nifty

LIVE market: A total of 96 companies, including Mahindra & Mahindra, Glenmark Pharmaceuticals, Indian Bank, and Ipca Laboratories are scheduled to release quarterly earnings today

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Covid toll on Indian economy deepens, jobs crisis to worsen: Reuters poll

Renewed restrictions have stalled economic activity, leaving many millions out of work and pushing economists to downgrade their views for the second time since early April

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Indian states' fisc to depend on Covid infections, vaccinations: Icra

The rating agency has said that there may be a considerable variation across states depending on the impact of the Covid-19 infections, restrictions and vaccinations

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Versatile coronavirus antibody may be starting point for broader-acting vaccines

Scientists investigated how the immune system's previous exposure to cold-causing coronaviruses impact immune response to COVID-19. In doing so, they discovered one cross-reactive coronavirus antibody that's triggered during a COVID-19 infection.

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Ultrasensitive blood test detects viral protein, confirms mRNA vaccine activates robust immune response

In series of samples collected from individuals vaccinated against COVID-19, an ultrasensitive test detected low concentrations of circulating antigen. Following robust production of antibodies, investigators found that the viral protein declined to undetectable levels.

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Shock divorce forces $50 bn Gates foundation to weigh changes, focus

There are signs change is coming to one of the world's most powerful philanthropic organisations.

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Mehul Choksi case proving hot potato for Antigua & Barbuda, Dominica govts

While Antigua & Barbuda asking the neighbouring Dominica to repatriate Choksi to India, the latter nation considering returning him to Antigua

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Coronavirus LIVE: India records 179,770 cases in a day; lowest in 44 days

Coronavirus live updates: India reported 179,770 fresh Covid-19 infections today, taking the caseload tally to 27,547,705. Death toll stands at 318,821. Stay tuned for corona-related news

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Key early steps in gene expression captured in real time

Scientists have observed early RNA transcription dynamics by recording where, when and how RNA polymerase enzymes kick off transcription by binding to a DNA sequence.

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How more inclusive lab meetings lead to better science

A new article seeks to help scientists structure their lab-group meetings so that they are more inclusive, more productive and, ultimately, lead to better science.

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AGA recommends early use of biologics in patients with moderate-to-severe Crohn's disease

Crohn's disease, a type of inflammatory bowel disease (IBD) that causes inflammation (pain and swelling) in the gastrointestinal tract, can cause daily health problems, frequent hospitalizations and surgery when not adequately controlled. While there is no cure for Crohn's disease, there are treatments that can help patients live a symptom-free life.

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New microscopy method reaches deeper into the living brain

Researchers have developed a new technique that allows microscopic fluorescence imaging at four times the depth limit imposed by light diffusion. Fluorescence microscopy is often used to image molecular and cellular details of the brain in animal models of various diseases but, until now, has been limited to small volumes and highly invasive procedures due to intense light scattering by the skin and skull.

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Inhaled nanobodies protect hamsters from COVID-19, study finds

Inhalable nanobodies targeting the spike protein of SARS-CoV-2 can prevent and treat severe COVID-19 in hamsters, according to new research.

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Hyundai to slash its combustion engine line-up, invest in EVs: Sources

The move is expected to result in a 50% reduction in models powered by fossil fuels

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Wednesday, May 26, 2021

Facebook to push down all posts from users who share misinformation

Facebook has announced to push down all posts by users who repeatedly share misinformation and fake content as it expands its fact-checking programme

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Zydus Cadila seeks regulator nod for clinical trials on Covid-19 therapy

Company says product helps treating mild coronavirus patients and reduces hospitalisation.

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Zydus Cadila seeks regulator nod for clinical trials on Covid-19 therapy

Company says product helps treating mild coronavirus patients and reduces hospitalisation.

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Tide Water Oil zooms 20% on stock split, bonus issue plan

Earlier in March 2016, the company had issued bonus shares in the ratio of 1:1 i.e. one bonus share for every share held in the company

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BPCL gains 4%, hits 52-week high on strong Q4 results, Rs 58/share dividend

The progress on divestment and response by potential bidders will be the key monitorable for the stock price performance, ICICI Securities said

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Company that manages Bill Gates's fortune accused of culture of fear

Gates's reluctance to take decisive action at Cascade goes against the image he created of a philanthropist and champion of women's empowerment.

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Indian stock index to nudge past February's record high by year-end: Poll

India's main stock index will exceed the record high it hit before the latest coronavirus wave took hold by year-end, according to a Reuters poll of analysts, most whom predicted modest growth

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Indian stock index to nudge past February's record high by year-end: Poll

India's main stock index will exceed the record high it hit before the latest coronavirus wave took hold by year-end, according to a Reuters poll of analysts, most whom predicted modest growth

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OnePlus Watch review: Solid for starters, but not without software snags

The OnePlus Watch seems to be a good debutant smartwatch from the Chinese smartphone maker. How does it fare vis-a-vis peers? Khalid Anzar finds out

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Stocks to watch: BPCL, Burger King, Eicher Motors, Sun Pharma, Pfizer

BPCL's board has approved a final dividend of Rs 58 per share, which includes a one-time special dividend of Rs 35 per equity share

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India's oil industry struggles to predict demand recovery in pandemic

Diesel and gasoline, which account for more than half of oil consumption in India, are bearing the brunt of lockdowns.

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MARKET LIVE: SGX Nifty indicates flat-to-positive start; BPCL in focus

A total of 93 companies, including Eicher Motors, Sun Pharma, and Cadila Healthcare, are set to release their quarterly earnings today

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MARKET LIVE: SGX Nifty indicates flat-to-positive start; BPCL in focus

A total of 93 companies, including Eicher Motors, Sun Pharma, and Cadila Healthcare, are set to release their quarterly earnings today

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Here's why Bhavik Patel of Tradebullls thinks Brent crude may hit $80 soon

Crude oil prices are above their daily 5, 8, 13, and 21 day moving average envelope, which is in bullish sequential order

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Biden asks intel community to redouble efforts to trace origins of Covid-19

"I have now asked the Intelligence Community to redouble their efforts to collect and analyze information, and to report back to me in 90 days," Biden said in a statement

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Gold returns to where it started 2021 on Fed's dovish commitment

Signs of inflation would "prove to be largely transitory," Fed Vice Chair Richard Clarida said in a Yahoo! Finance interview

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Coronavirus LIVE: India records 211,553 cases, 3,842 deaths in past 24 hrs

Coronavirus live updates: India reported 211,553 fresh Covid-19 infections today, taking the caseload tally to 27,367,935. Death toll stands at 315,263. Stay tuned for corona-related news

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India's economic activity slows down in April as states impose lockdowns

Activity in India's dominant services sector moderated for a second straight month in April.

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Amazon indigenous group's lifestyle may hold a key to slowing down aging

The Tsimane indigenous people of the Bolivian Amazon experience less brain atrophy than their American and European peers. The decrease in their brain volumes with age is 70% slower than in Western populations.

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Technology to monitor mental wellbeing might be right at your fingertips

To help patients manage their mental wellness between appointments, researchers have developed a smart device-based electronic platform that can continuously monitor the state of hyperarousal, one of the signs of psychiatric distress. They said this advanced technology could read facial cues, analyze voice patterns and integrate readings from built-in vital signs sensors on smartwatches to determine if a patient is under stress.

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People prefer 'natural' strategies to reduce atmospheric carbon

A cross-disciplinary collaboration found that a majority of the U.S. public is supportive of soil carbon storage as a climate change mitigation strategy, particularly when that and similar approaches are seen as 'natural' strategies.

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For men, low testosterone means high risk of severe COVID-19, study suggests

A new study suggests that, among men, low testosterone levels in the blood are linked to more severe COVID-19. The study contradicts widespread assumptions that higher testosterone may explain why men, on average, develop more severe COVID-19 than women do.

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Mehul Choksi, fugitive businessman wanted in India, captured in Dominica

Choksi had recently fled from Antigua and Barbuda; he was captured after an Interpol Yellow Notice.

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Tuesday, May 25, 2021

Thermax rallies 8% on strong Q4 results; stock nears 52-week high

Order book during the quarter jumped 57 per cent year on year at Rs 1,497 crore as against Rs 952 crore, aided by broad based industrial recovery

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IIM-A, BITS grads launch $1 mn fund to support & invest in student startups

Abhishek Sethi and Prateek Behera, graduates from IIM-A and BITS Pilani, respectively, have launched $1 million fund to support and invest in startups founded by college students

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India's Koo raises $30 million in funding round led by Tiger Global

Koo was founded by serial entrepreneurs Aprameya Radhakrishna, founder of Taxi For Sure and Mayank Bidawatka who previously founded companies like Media Ant and Goodbox

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Gold rises above $1,900/oz as dollar weakens, inflation jitters persist

Gold prices rose above the key psychological level of $1,900 per ounce on Wednesday, helped by a weaker dollar and growing inflation concerns after Federal Reserve officials maintained a dovish stance

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Titan Company gains 6% in two days; stock nears record high

With the past two day's rally, it has recovered 15 per cent from its recent low of Rs 1,401, hit on May 4, in intra-day trade

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India's Koo raises $30 million in funding round led by Tiger Global

Koo was founded by serial entrepreneurs Aprameya Radhakrishna, founder of Taxi For Sure and Mayank Bidawatka who previously founded companies like Media Ant and Goodbox

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Lux Industries soars 11%, hits new high on robust March quarter results

The management expects the April-June quarter (Q1FY22) to be relatively weak due to the pandemic and expect to improve gradually from the second quarter

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Japan's ambitious Olympics plans marred by 'cascade of calamities'

While polls show a majority of Japan's citizens want the Olympics postponed or canceled so far there's no indication Prime Minister Yoshihide Suga that the games will be called off.

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WhatsApp goes to court against India's IT rules 'undermining privacy'

Requiring messaging apps to trace chats is asking us to keep a fingerprint of every single message: Company.

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Poco X3 Pro review: Good performance, modest cameras but unwieldy and heavy

With Qualcomm Snapdragon 860 system-on-chip in tow, the Poco X3 Pro is touted to be the spiritual successor to the Poco F1. Khalid Anzar finds out if it really is

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Stocks to watch: HDFC, BPCL, Thermax, PNB Housing, Motherson Sumi

HDFC has said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis

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Excessive antibiotics use in Covid-19 cases adds 'fuel to fire' in India

Doctors battling to save lives amid a dearth of effective treatments are turning to the medicines they have on hand.

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Nifty remains in an intermediate uptrend: Subash Gangadharan of HDFC Sec

Nifty has recently made higher bottoms at 14,416 and 14,591 and continues to trade above the 20 and 50-day SMA

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Top trading ideas by Ajit Mishra: Buy Asian Paints, IDFC First Bank

The overall chart pattern of Asian Paints indicates that the prevailing momentum is likely to continue

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Cyclone Yaas LIVE: 'Very severe cyclonic storm' to hit Odisha in few hrs

Cyclone Yaas LIVE updates: Track cyclone Yaas landfall, cyclone alert, weather updates and more on Business Standard

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MARKET LIVE: SGX Nifty signals a negative start for Sensex, Nifty

Stock market LIVE: A total of 52 companies including Berger Paints, BPCL, Burger King India, and Pfizer are slated to report their March quarter results today

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MARKET LIVE: SGX Nifty signals a negative start for Sensex, Nifty

Stock market LIVE: A total of 52 companies including Berger Paints, BPCL, Burger King India, and Pfizer are slated to report their March quarter results today

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India is first pick among Asia emerging markets for Morgan Stanley

The earnings momentum has been quite resilient and the policy momentum quite focused towards improving the infrastructure and attractiveness in the global supply chain: Daniel Blake of Morgan Stanley

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Cyberattacks could trigger more rating actions on banks, says S&P

The banking sector is becoming more exposed to cybercrime after the Covid-19 pandemic accelerated digitalization and remote working

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Govt 'not calling it right', must boost spending in Covid: Abhijit Banerje

Nobel Laureate says it is 'not clear at all' bond markets would react negatively to moves to avert crisis.

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Coronavirus LIVE: India records 208,886 cases, 4,172 deaths in past 24 hrs

Coronavirus live updates: India reported 208,886 fresh Covid-19 infections today, taking the caseload tally to 27,156,382. Death toll stands at 311,421. Stay tuned for corona-related news

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Geology helps map kidney stone formation from tiny to troublesome

Advanced microscope technology and cutting-edge geological science are giving new perspectives to an old medical mystery: How do kidney stones form, why are some people more susceptible to them and can they be prevented?

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Firms linked to Guptas got 49 bn rands irregularly from parastatal corps

A host of companies linked to the controversial Gupta brothers received a total of over 49 billion rands in irregular payments, a witness has claimed at the Commission of Inquiry into State Capture

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Monday, May 24, 2021

Amara Raja Batteries dips 6% on huge block deals

According to a media report, Clarios was to sell 17.1 million shares for an aggregate of $174 million today

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Boom in Chinese companies listing in the US halts as market declines

A bike-sharing platform, a podcaster and a cloud computing firm are among corporates holding off plans.

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Panacea Biotech up 5% as Co begins producing Sputnik V vaccine in India

Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund), and Panacea Biotech announced the launch of production of the Russian Sputnik V vaccine against coronavirus

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Deloitte has designed programme that can be scaled in Covid fight, says CEO

Deloitte has developed "a very innovative, simple, fit-for-purpose programme" in the fight against Covid that can be scaled up in a quick span of time, its CEO Punit Renjen said

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Fugitive businessman Mehul Choksi goes missing, says Antiguan police

Fugitive diamantaire Mehul Choksi, wanted in a Rs 13,5000-crore loan fraud in Punjab National Bank, has gone missing in Antigua and Barbuda where he had been staying since January 2018

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Stocks to watch: Grasim, Bal Pharma, GMM Pfaudler, Amara Raja, DHFL

A total of 68 companies are slated to post their March quarter results today, including Alkem Labs, AstraZeneca Pharma India, Stove Kraft, Emami, Thermax and VIP Industries

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Osho recommends Gujarat Gas, Tata Power. Time to buy and hold

The Tata Power stock is placed well above all the major moving averages suggesting an inherent strength

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Market Ahead Podcast, May 25: Top factors that could guide markets today

A total of 68 companies are slated to post their March quarter results today, including Alkem Labs, AstraZeneca Pharma India, Stove Kraft, Emami, Thermax and VIP Industries

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India pips Germany into the $3-trillion market capitalisation club

India currently ranks eighth on the table of most-valued equity markets, ahead of Germany which has a market cap of $2.8 trillion

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MARKET LIVE: SGX Nifty indicates a gap-up start for Sensex, Nifty

LIVE markets: A total of 68 companies, including Emami, VIP, Ajmera Realty & Infra India, Alkem Laboratories, and AstraZeneca Pharma India are set to announce their quarterly results today

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MARKET LIVE: SGX Nifty indicates a gap-up start for Sensex, Nifty

LIVE markets: A total of 68 companies, including Emami, VIP, Ajmera Realty & Infra India, Alkem Laboratories, and AstraZeneca Pharma India are set to announce their quarterly results today

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Oil prices steady near week high as prospect of Iran supply glut wanes

Brent crude futures were down 6 cents at $68.40 a barrel by 0039 GMT, having jumped 3% on Monday. US West Texas Intermediate futures fell 8 cents to $65.97 a barrel

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Gold prices ease on global recovery hopes; weak dollar limits losses

Gold prices edged lower on Tuesday as hopes of quick economic recovery lifted demand for riskier assets, although a weaker dollar and lower US Treasury yields limited losses for the safe-haven metal

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Coronavirus LIVE: India records 195,815 new cases; death toll at 307,249

Coronavirus live updates: India reported 195,815 fresh Covid-19 infections today, taking the caseload tally to 26,947,496. Death toll surged to 307,249. Stay tuned for corona-related news

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Anmi urges Sebi to reconsider the proposal on 100% levy on peak margin

Sharing its data with the regulator, Anmi pointed out that the rate of overnight margins, levied on intraday trades are almost 3.33x more than what is warranted based on the risks of the trade

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Mandatory hallmarking of gold jewellery: Govt extends deadline till June 15

The Centre on Monday further extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the COVID-19 pandemic

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SAT grants interim stay on Sebi's order against Yes Bank in AT-1 bond case

While granting interim relief to Yes Bank, SAT said it has "stayed the effect and operation of the impugned order".

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Asian central banks can do little as Covid cases surge, recovery falters

In Asia as Covid-19 cases are surging and slow pace of vaccinations, relegating central banks to a supporting role as interest rates already low, policies will center on more government borrowing.

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Fugitive diamantaire Mehul Choksi is missing in Antigua, says lawyer

Fugitive diamantaire Mehul Choksi, who is wanted by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED), has gone missing in Antigua and Barbuda

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Supersensitive connection causes hatred of noises

An increased connectivity in the brain between the auditory cortex and the motor control areas related to the face, mouth and throat has been discovered in people with misophonia. Their hatred of 'trigger noises' can lead to an extreme reaction including anger and disgust. This is the first time such a connection in the brain has been identified and it offers a new path for therapies.

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Covid vaccination: Walk-ins allowed for 18-44 age bracket at govt centres

Private centres have to continue publishing their vaccination schedule in advance for online appo­in­tments

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Metabolic hormone 'leptin' linked to poor vaccine response

Reduced levels of a metabolic hormone known as leptin is linked to poor vaccine antibody responses in the general population, a study has found.

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Cancer treatments may accelerate cellular aging

New research indicates that certain anti-cancer therapies may hasten cellular aging, where changes in the DNA of patients may contribute to greater inflammation and fatigue.

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Cipla launches Roche's Covid antibody cocktail in India for Rs 60k per dose

The antibody cocktail (Casirivimab and Imdevimab) is to be administered for the treatment of mild to moderate Covid-19 in adults and pediatric patients

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Pak asks 12 Indian High Commission officials, families to quarantine

Pakistan has asked 12 officials of the Indian High Commission here to quarantine, along with their family members and drivers, after one of them tested positive for the coronavirus

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Hero MotoCorp gains 3% on resumption of production at all facilities

A healthy monsoon and harvest season along with a rebound in GDP should aid the industry's recovery from Q2 onwards, Hero MotoCorp management said

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Sunday, May 23, 2021

upGrad acquires video-enabled learning platform Impartus in Rs 150cr deal

Post the acquisition, Impartus has been integrated into the upGrad ecosystem and rebranded as 'upGrad Campus'

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Butterfly Gandhimathi Appliances rallies 45% in a week on strong Q4 results

The company reported a profit after tax (PAT) of Rs 9.9 crore in Q4FY21, on the back of healthy revenue growth, against loss of Rs 7.6 crore in Q4FY20

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Smartphone brand POCO registers 300% growth in India in Q1 2021

Smartphone brand POCO India on Monday said it has registered a massive 300 per cent growth in the first quarter (Q1 2021), becoming the fastest growing brand in the country

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Markets underestimating oil demand; see Brent at $80: Goldman Sachs

International travel, according to Goldman Sachs is another key factor that is likely to trigger a demand rise, which in turn will keep oil prices elevated

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Markets underestimating oil demand; see Brent at $80: Goldman Sachs

International travel, according to Goldman Sachs is another key factor that is likely to trigger a demand rise, which in turn will keep oil prices elevated

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Natco Pharma surges 20%, hits new high on USFDA nod for cancer drug

The company has received approval from the US health regulator for the generic version of Celgene's multiple myeloma drug, Revlimid (Lenalidomide) capsules in the US

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SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock

Total slippages and restructuring for FY21 were at Rs 46,416 crore, within the guidance of Rs 60,000 crore

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Oil prices rise as storm forms in Gulf, doubts emerge on Iran deal

Brent crude oil futures for July rose 32 cents, or 0.5%, to $66.76 a barrel by 0143 GMT, while U.S. West Texas Intermediate for July was at $63.93 a barrel, up 35 cents, or 0.6%

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Vaishali Parekh is bullish on M&M Financial Services, IDFC First. Check why

A positive move in M&M Financial Services above the 200-DMA level of 163 would further strengthen the bias

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Nifty outlook & stock picks by Sameet Chavan: Buy Piramal Entp, Jamna Auto

Looking at the broad-based participation on Friday, especially the way banking space is poised, we will not be surprised to see the index heading towards record its high in the first half of this week

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Wuhan lab staff took hospital care before Covid outbreak disclosed: Report

WSJ report may add weight to calls for a broader probe of whether the Covid-19 virus could have escaped from the laboratory.

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OnePlus 9 review: Competent but lacks fancy bells and whistles of Pro model

The OnePlus 9 cuts some corners on premium features, but it brings a motley mix of specifications and features for uncompromised everyday smartphone experience

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Stocks to watch: Tata Steel, Hero MotoCorp, Concor, United Spirits, Grasim

Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among 33 companies slated to post their quarterly numbers today

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Different Covid vaccines not a problem, may do better: Virologist Polly Roy

Using different vaccines for the first and second doses is a good idea, says the expert in molecular virology.

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Cryptocurrency - Is it worth including in your portfolio?

Bitcoin's price is up nearly 16 per cent so far in 2021 after being up 122 per cent at one point

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MARKET LIVE: SGX Nifty signals a negative start for Sensex, Nifty

LIVE markets: Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among the 33 companies slated to post their quarterly numbers today

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Cyclone Yaas LIVE updates: Howrah, Hooghly, Kolkata on high alert, says IMD

Cyclone Yaas LIVE updates: Stay tuned with Business Standard on cyclone Yaas landfall, cyclone alert, weather updates and more

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Coronavirus LIVE: India sees nearly 60000 deaths in 3 weeks; toll at 303751

Coronavirus live updates: India reported 222,835 fresh Covid-19 infections today, taking the caseload tally to 26,751,681. Death toll past 300,000. Stay tuned for corona-related news

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BlackRock joins funds betting on rebound of Indian assets amid pandemic

Portfolio managers attempt to navigate India's pandemic by focusing on the nation's long-term growth prospects.

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Black fungus: Experts to study causes including industrial oxygen use

Experts in Karnataka will study whether the rise in the Mucormycosis cases is linked to use of industrial oxygen and its possible contamination.

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Lockdown in Delhi extended by one more week, unlock likely from May 31

Delhi CM Arvind Kejriwal on Sunday said if the trend of decline in new Covid-19 continues, the process of unlock will begin from May 31

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GST Council may decide on easing levy on imported oxygen concentrators

The Delhi HC last week said that imposition of 12% IGST on oxygen concentrators for personal use or those received as gifts is 'unconstitutional'

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Former Atomic Energy Commission chairman Srikumar Banerjee dead

Srikumar Banerjee, former chairman of the Atomic Energy Commission, died in the early hours of Sunday due to a heart attack at his residence in neighbouring Navi Mumbai, officials said.

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Cyclone Yass: Mayurbhanj, Bhadrak, Balasore to be worst hit, says IMD

Mayurbhanj, Bhadrak and Balasore districts are likely to be worst affected by the cyclonic storm Yaas which will reach the state on May 26

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Discoms' outstanding dues to gencos fall 3% to Rs 78,379 cr in March

Total dues owed by electricity distribution companies to power producers fell 3.4% to Rs 78,379 cr in March 2021 as compared to the year-ago period, showing a reversal of discoms' growing outstandings

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Maruti, Toyota, M&M remain bullish on long-term growth of used car business

Maruti Suzuki India Mahindra & Mahindra and Toyota Kirloskar Motor are bullish on the long-term growth prospects of their respective used car verticals

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Two-time Olympic medallist Sushil Kumar arrested in Chhatrasal murder case

Two-time Olympic medallist Sushil Kumar and another person were arrested on Sunday in connection with the Chhatrasal Stadium brawl case that led to the death of a wrestler here, officials said

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Saturday, May 22, 2021

Maruti, Toyota, M&M remain bullish on long-term growth of used car business

Leading automakers Maruti Suzuki India (MSI), Mahindra & Mahindra and Toyota Kirloskar Motor are bullish on the long-term growth prospects of their respective used car verticals even as the second wave of COVID-19 continues to pose severe challenges to the business activities across the country. The companies remain a bit circumspect regarding the near-term situation owing to the pandemic but expect the segment to grow on a long-term basis with personal mobility gaining acceptance amid the coronavirus pandemic. "It is very difficult to predict how used car business will perform this fiscal year due to COVID situation. Demand for such cars is there in the market but there is pressure on their availability because of restrictions across states on account of lockdowns and curfews," MSI Executive Director (Sales and Marketing) Shashank Srivastava told PTI in an interaction. The auto major currently has 570 True Value outlets across the country where it certifies the pre-owned cars it .

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Nine of top-10 firms gain Rs 2.41 trn in m-cap; HDFC Bank, RIL lead chart

From the top-10 list, only Hindustan Unilever Limited witnessed a decline in its market valuation

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US says it's ramping up research on Covid variant first found in India

The B.1.617 variant that has devastated India was first detected in the US between late February and late March.

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Ban vs SL: 3 in Sri Lankan contingent test positive for Covid-19

Three members of the Sri Lankan contingent have tested positive for Covid-19, hours before the opening ODI against Bangladesh here on Sunday

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India records 240,000 lakh fresh Covid-19 cases, 3,741 fatalities

The daily rise in coronavirus cases in India remained below the 300,000mark for the seventh consecutive day, with 240,000 cases recorded in a single day, the Union Health Ministry said on Sunday

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Olympic medallist Sushil Kumar arrested in murder case from Delhi

Sushil Kumar, who is an absconding accused in the murder case of wrestler Sagar Rana, was arrested from Mundka area in the national capital on Sunday morning by a team of Delhi Police's Special Cell

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Volatile yet lucrative, Bitcoin becomes Indians' dream investment

If the mega cryptocurrency has left you nervous, hold your nerves as there is a silver lining in the mayhem the crypto asset class experienced last week

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Over 100 Covid-19 cases on Everest despite Nepal denials: Guide

A coronavirus outbreak on Mount Everest has infected at least 100 climbers and support staff, an expert mountaineering guide said

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Fewer workers, more retirees: Slowing population spells problem for world

Demographers predict that by latter half of the century, global population will enter a sustained decline for the first time.

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Cyclone Yaas: PM to hold review meeting with ministers, officials today

Prime Minister Narendra Modi will hold a meeting with senior government officials on Sunday to review the preparations for the approaching Cyclone Yaas

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Glaxo gets ready for next pandemic after hiccups in Covid vaccine

Pharma giant is talking with the UK and other governments about building facilities to bring vaccine development onshore before the next crisis.

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All precautionary steps taken in Bengal for Cyclone Yaas: WB Govt

Chief Minister Mamata Banerjee said relief materials were dispatched to vulnerable areas, while officials were directed for early evacuation of people from coastal and riverine areas

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Coronavirus LIVE updates: India's Covid-19 death toll nears 300,000-mark

Coronavirus LIVE updates: India recorded 257,299 fresh Covid-19 infections on Saturday. Stay tuned for corona-related news

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Glaxo gets ready for next pandemic after hiccups in Covid vaccine

Pharma giant is talking with the UK and other governments about building facilities to bring vaccine development onshore before the next crisis.

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Covid-19 vaccines are all highly protective against death, study shows

Efficacy against Covid-linked disease averaged about 85% after a full course, say University of Florida researchers.

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More than 300 held for crimes exploiting Covid-19 crisis, says Delhi Police

109 cases of hoarding and black marketing of oxygen cylinders and drugs were registered between April 13 and May 18.

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Govt to meet on Sunday to decide on conducting Class 12, entrance exams

The meeting will be chaired by the defence minister Rajnath Singh, with other cabinet ministers and stakeholders also in attendance.

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Covid-19: How long do vaccine protections last? Science can't say for sure

The gap in knowledge and testing raises the prospect of heightened anxiety in the coming months for vaccine recipients wondering if they're still protected

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MP CM announces unlock from June 1, says Covid situation under control

'We cannot keep the state locked forever, will have to lift restrictions in few days in a phased manner,' says Shivraj Singh Chouhan

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Hero MotoCorp to resume operations at all manufacturing units from May 24

It had started single shift production at three of its plants -- Gurugram and Dharuhera in Haryana and at Haridwar in Uttarakhand -- from May 17

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Over 400 doctors died during Covid second wave, at least 100 in Delhi: IMA

The Indian Medical Association (IMA) on Tuesday said over 400 doctors across the country have succumbed to the Covid-19 infection during the second wave of the pandemic

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Hero MotoCorp to resume operations at all manufacturing units from May 24

It had started single shift production at three of its plants -- Gurugram and Dharuhera in Haryana and at Haridwar in Uttarakhand -- from May 17

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JSW Steel examining bid for Sanjeev Gupta's British business: Report

JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, people familiar with the matter said, as would-be buyers circle Sanjeev Gupta's global commodities empire

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Shoppers Stop Q4 net loss narrows to Rs 24 cr; total income declines 3.7%

Department store chain Shoppers Stop narrowed its consolidated net loss to Rs 24 crore in the January to March quarter (Q4 FY21) as compared to a net loss of Rs 127 crore in Q4 FY20.

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Shoppers Stop Q4 net loss narrows to Rs 24 cr; total income declines 3.7%

Department store chain Shoppers Stop narrowed its consolidated net loss to Rs 24 crore in the January to March quarter (Q4 FY21) as compared to a net loss of Rs 127 crore in Q4 FY20.

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Cyclone Yaas: Bengal fishermen advised not to venture into sea from May 23

In view of the cyclonic storm Yaas, the head of Regional Meteorological Centre in Kolkata Dr Sanjib Bandyopadhyay advised the fishermen of West Bengal not to venture into the sea from May 23 evening

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Nasa rover to search for water, other resources on Moon in late 2023

The US space agency has announced its first mobile robot to the Moon in late 2023 in search of ice and other resources on and below the lunar surface

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India Covid crisis warning for other low- and middle-income countries: IMF

IMF has said that the situation in India is a warning of the possible events in low- and middle-income nations that have seemingly escaped the pandemic till now

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India records 257,299 Covid-19 cases; 4,194 deaths in last 24 hours

The daily rise in coronavirus cases in India remained below the 3 lakh-mark for the sixth consecutive day, with 257,299 cases recorded in a single day, the Union health ministry said on Saturday

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Trump sued by civil rights group for calling Covid-19 'China virus'

Former US President Donald Trump has been sued by a Chinese-American civil rights group for calling Covid-19 the "China virus"

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Myanmar election chief considers dissolving Aung San Suu Kyi's party

The head of Myanmar's military-appointed state election commission said that his agency will consider dissolving Aung San Suu Kyi's former ruling party for alleged involvement in electoral fraud

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Friday, May 21, 2021

Covid-19: Canada extends flight ban from India and Pakistan until June 21

Canada has extended the ban on direct flights from India and Pakistan by one more month until June 21 in a bid to arrest the spread of new variants of the Covid, according to an official announcement

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Covid-19: London Heathrow to open separate terminal for high-risk arrivals

A dedicated facility for flights from countries with high levels of Covid-19 infection will open in Heathrow's Terminal 3 from June 1, the airport said in a statement Friday

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FIFA to investigate possibility of hosting World Cup every two years

FIFA will be investigating the possibility of holding the World Cup every two years instead of four, for both the men's and women's tournaments

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India remains greatest rising power despite Covid-19 tragedy: Report

India remains the "greatest rising power" on the planet and has a number of fundamental strengths that will make it one of the "most powerful" countries in the world, according to report

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Coronavirus LIVE: India records 254,395 new cases; global tally at 166.4 mn

Coronavirus live updates: India reported 254,395 fresh Covid-19 infections today, taking the caseload tally to 26,285,069. Death toll nears 300,000. Stay tuned for corona-related news

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India's 10-year bond yield poised for 5th weekly fall; rupee gains

India's benchmark 10-year bond yield was trading at 5.96 per cent by 0852 GMT, down 1 basis point on the day

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Covid-19 vax availability to see exponential rise in coming months: Vardhan

India will be in a position to vaccinate at least all of its adult population by the end of 2021, Health Minister Harsh Vardhan said on Friday.

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Labour ministry hikes variable DA for workers in central sphere

The hike, which will be effective from April 1, 2021, will also result in an increase in rate of minimum wages for central sphere employees and workers

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Thursday, May 20, 2021

Gold eases, set for third weekly gain on weak dollar, inflation jitters

Gold edged lower on Friday, as optimism around a swift economic recovery lifted appeal for riskier assets

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Oil nudges up, set for biggest weekly loss since March on Iran supplies

Brent crude futures for July rose 10 cents, or 0.2%, to $65.21 a barrel by 0032 GMT while U.S. West Texas Intermediate for July was at $62.16 a barrel, up 22 cents, or 0.4

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Nifty outlook & trading ideas by Gaurav Garg of CapitalVia Global Research

Traders should try to create short position keeping close eye on 15,200

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Toothpaste firm's numbers show India Inc profits won't survive costs, Covid

Consumers won't stop brushing their teeth, but they will look for cheaper ways to do so.

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Toothpaste firm's numbers show India Inc profits won't survive costs, Covid

Consumers won't stop brushing their teeth, but they will look for cheaper ways to do so.

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MARKET LIVE: SGX Nifty signals a gap-up start; SBI Q4 results today

LIVE market: A healthy NII growth, coupled with healthy recoveries and fewer provisions and aided by low base of the previous year, may help SBI report robust Q4FY21 numbers, analysts say

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Delaying second dose eases pressure on world's vaccine-starved places

A delay in the second shot not only allows the existing supply of shots to be more widely distributed, it boosts their protective power by giving the immune system more time to respond to the

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Study validates shorter treatment for major world infection, tuberculosis

A study of tuberculosis drug therapy found that a two-drug, four-month regimen can be used to treat TB as effectively as the standard regimen that lasts six months and consists of four drugs.

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Triple-drug therapy safely cuts serious asthma flares

Researchers have found that the inclusion of a third drug to commonly used dual-drug inhalers can reduce asthma exacerbations and improve control over the disease in children, adolescents, and adults with moderate-to-severe asthma.

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Tampons, sanitary napkins could diagnose yeast infections with color-changing threads

The yeast Candida albicans can cause itchy, painful urinary tract and vaginal yeast infections. For women in low-resource settings who lack access to healthcare facilities, these infections create substantial social and economic burdens. Now, researchers have developed color-changing threads that turn bright pink in the presence of C. albicans. When embedded in tampons or sanitary napkins, they could allow women to quickly and discreetly self-diagnose vulvovaginal yeast infections, the researchers say.

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India's female innerwear market to double to $11 bn by 2025: RedSeer

Market will grow in smaller cities quicker: a trend supported by rising incomes and brand awareness.

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US Treasury proposes 15% minimum tax on global corporate profits

The US Treasury Department said that it supports a global minimum corporate tax rate of at least 15% below the 21% minimum it has been seeking to impose on the foreign profits of US-based companies

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New insight into protein production in brain could help tackle dementia

Scientists have revealed a layer of genetic material involved in controlling the production of tau; a protein which plays a critical role in serious degenerative conditions, such as Parkinson's and Alzheimer's disease.

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Single fingerprint at a crime scene detects class A drug usage

The latest findings show that with clever science, a single fingerprint left at a crime scene could be used to determine whether someone has touched or ingested class A drugs.

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Cholesterol levels sustainably lowered using base editing

Base editing is a novel gene editing approach that can precisely change individual building blocks in a DNA sequence. By installing such a point mutation in a specific gene, an international research team has succeeded in sustainably lowering high LDL cholesterol levels in the blood of mice and macaques. This opens up the possibility of curing patients with inherited metabolic liver diseases.

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New study shows flies mutant for schizophrenia-associated genes respond well to anti-psychotics

Scientists have successfully treated flies displaying behavioral problems linked to newly discovered schizophrenia-associated genes in humans, using common anti-psychotics.

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Alzheimer protein APP regulates learning and social behavior in the healthy brain

The APP protein is known for its role in Alzheimer's disease, but its contribution to healthy brain function remains largely unexplored. Using a mouse model, a research team gained new insights on the physiological functions of the APP protein family. The absence of APP during brain development was shown to result in malformations of brain regions implicated in learning and memory, severely impairing learning in the mice and causing autistic-like behavior.

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Different physical activity 'cocktails' have similar health benefits

A new study describes multiple ways to achieve the same health benefits from exercise -- as long as your exercise 'cocktail' includes plenty of light physical activity.

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New insights into androgen's action could boost battle against prostate cancer

Researchers have unveiled important new insights into how hormones known as androgens act on our cells - and the discovery could boost efforts to develop better treatments for prostate, ovarian and breast cancers.

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Researchers identify potential approach to controlling epileptic seizures

Researchers have identified a potential new approach to better controlling epileptic seizures.

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Small uveal melanomas 'not always harmless'

A new article from ocular researchers demonstrates that small uveal (intraocular) melanomas are not always harmless, as the current paradigm suggests. Instead, a reasonable proportion of them have molecular genetic alterations, which categorizes them as highly metastatic tumors. The article recommends that they should not be observed but rather treated immediately, to improve patients' chances of survival.

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New, biological, and safer soaps

An international research team has discovered a new molecule with potential to revolutionize the biosurfactant market.

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Coronavirus LIVE: India records 259269 new cases; global tally nears 166 mn

Coronavirus live updates: India reported 259,269 fresh Covid-19 infections today, taking the caseload tally to 26,030,674. Stay tuned for corona-related news

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Wednesday, May 19, 2021

49 people from P305 barge still missing, Navy continues search on 4th day

The Navy on Thursday morning launched a fresh aerial search and rescue mission, deploying helicopters to scour the waters off Mumbai coast, where the accommodation barge P305 went adrift in Cyclone

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Company gets approval for India's first self-use test kit for Covid-19

Pune-based Mylab Discovery Solutions' kit will give results in 15 minutes and it costs Rs 250.

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Axis Bank's OFS opens for retail investors today. Should you subscribe?

Nearly all the brokerages retained their 'buy' calls on the stock post results with target prices as high as Rs 925

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Dunzo reports 320% rise in delivering medicines, groceries in India

E-commerce firm backed by Google says it handled more than 20,000 orders to hospitals between March and May.

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Hyderabad based startup Skyroot Aerospace raises $11 mn Series A funding

Skyroot Aerospace on Thursday said it raised $11 million Series A funding from investors led by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli

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Axis Bank's OFS opens for retail investors today. Should you subscribe?

Nearly all the brokerages retained their 'buy' calls on the stock post results with target prices as high as Rs 925

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Axis Bank's OFS opens for retail investors today. Should you subscribe?

Nearly all the brokerages retained their 'buy' calls on the stock post results with target prices as high as Rs 925

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Dunzo reports 320% rise in delivering medicines, groceries in India

E-commerce firm backed by Google says it handled more than 20,000 orders to hospitals between March and May.

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Tata Coffee logs new all-time high; stock zooms 60% in a month

Tata Coffee, on April 29, had reported a strong set of results for the quarter ended March 2021, with its consolidated net profit more-than-doubling at Rs 57.37 crore, on the back of healthy sales

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ByteDance founder Zhang Yiming to step down as CEO by end of 2021

Zhang will move to a 'key strategy' position at the end of this year, ByteDance said in a statement.

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Fertiliser stocks gain as government hikes subsidy; Chambal, RCF rally 9%

ICICI Securities does not expect the reduction in prices to have a major impact on the balance sheet of fertiliser companies

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Stocks to watch: ZEEL, HPCL, Axis Bank, IB Housing Fin, fertiliser stocks

Indiabulls Housing Finance on Wednesday reported a two-fold jump in its profit after tax to Rs 276 crore in the quarter ended March 2021 helped by stable asset quality

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MARKET LIVE: SGX Nifty indicates a flat start for Sensex, Nifty

LIVE market: A total of 32 companies, including Bosch, Havells India, Zee Entertainment, and Torrent Power are scheduled to release quarterly results today

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MARKET LIVE: SGX Nifty indicates a flat start for Sensex, Nifty

LIVE market: A total of 32 companies, including Bosch, Havells India, Zee Entertainment, and Torrent Power are scheduled to release quarterly results today

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Cryptocurrency crash will support rally in gold: Bhavik Patel of Tradebulls

We are bullish on gold and expect gold to test Rs 48,800- Rs 49,400 this week

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Coronavirus LIVE: US says it has given India $500 million as relief

Coronavirus live updates: India reported 276,261 fresh Covid-19 infections today, taking the caseload tally to 25,771,405. Stay tuned for corona-related news

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Five women file lawsuits against Amazon alleging bias, retaliation

These women all represented by Wigdor LLP, the law firm representing a plaintiff in discrimination and harassment lawsuit against Amazon that was filed earlier this year.

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Oil prices dive $2 on fears of Asian pandemic, possible US rate hikes

Oil prices dropped over $2 a barrel on Wednesday to their lowest in three weeks, on worries that surging Covid-19 cases in Asia would dent demand for crude and US inflation fears

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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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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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Five women file lawsuits against Amazon alleging bias, retaliation

These women all represented by Wigdor LLP, the law firm representing a plaintiff in discrimination and harassment lawsuit against Amazon that was filed earlier this year.

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Apple's software chief faults Mac security to keep grip on iPhone app store

Apple's security and privacy safeguards draw users to iOS devices, Craig Federighi, Apple's senior vice president of software engineering said

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How some vaccines are helping nations to exit Covid faster than others

Messenger RNA shots developed by Moderna or Pfizer and BioNTech are better at stopping people from becoming contagious, shows evidence.

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Tuesday, May 18, 2021

How Mumbai 'chased the virus', did better than Delhi in preparing for Covid

Mumbai's municipality s preparing for a third wave by setting up pediatric hospitals because more children might be infected in the next surge.

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Torrent Pharma shares rise 6% post March quarter results

HDFC Securities said that Torrent's Q4 results were largely in line with their estimates as strong trends in India and Germany offset weak US

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Street concerned over Ujjivan SFB's asset quality hit in Q4; stock sinks 8%

Gross non-performing asset (GNPA) ratio rose from 0.97 per cent last year and 0.96 per cent (4.8 per cent as per pro-forma) in Q3FY21 to 7.1 per cent in Q4FY21

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Jindal Stainless (Hisar) scales 52-week high on robust Q4 show

In the post-pandemic period, JSHL looks forward to increased government procurement as one of the key growth drivers

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India sets another grim record with 4,529 Covid deaths in last 24 hours

India broke its own previous record of Covid deaths in 24 hours after the ministry data showed that the nation recorded 4,529 deaths -- the highest number of fatalities from Covid infections

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Cyclone Tauktae weakens into depression; to bring rain in many states: IMD

Cyclone Tauktae weakened into a "depression" and lay centred over south Rajasthan and adjoining Gujarat region on Wednesday morning, the India Meteorological Department said

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Tokyo medical body urges organizers to cancel Olympic Games due to Covid

The IOC and Tokyo Olympic organizers will run into some of the strongest medical-community opposition so far with the games set to open in just over eight weeks

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Tata Motors dips 6% on profit booking post March quarter results

The stock has outperformed the market by gaining 15 per cent in the past two weeks, as compared to a 4 per cent rise in the benchmark index S&P BSE Sensex

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Grassroots health workers fight vaccination hesitancy in rural India

Rumours spread that vaccines can cause impotence amid suspicions that the government is conspiring to kill people.

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Chip shortage crisis enters 'danger zone', wait time reaches all time high

The gap between ordering a chip and taking delivery increased to 17 weeks in April, according to one research.

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Adani Green buys SB Energy from Softbank and Bharti; firm valued at $3.5 bn

Deal for company with range of assets is biggest acquisition in India's renewable power sector.

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Chip shortage crisis enters 'danger zone', wait time reaches all time high

The gap between ordering a chip and taking delivery increased to 17 weeks in April, according to one research.

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Adani Green buys SB Energy from Softbank and Bharti; firm valued at $3.5 bn

Deal for company with range of assets is biggest acquisition in India's renewable power sector.

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Apple readies MacBook Pro, MacBook Air revamps; none with Intel processors

This will be the first time professional Macs get in-house main processors; eventually the company will stop selling the high-end Intel MacBook Pros

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Nifty outlook & trading ideas by HDFC Sec: Buy Berger Paints, ICICI Bank

The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels

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Stocks to watch: Tata Motors, Axis Bank, IOC, Minda Corp, Shakti Pumps

Jindal Stainless Hisar (JSHL) reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, 2021, mainly on account of increased income

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Trading calls by Ajit Mishra of Religare Broking: Buy HDFC Bank, M&M

HDFC Bank has also rebounded sharply and surpassed the resistance zone of moving averages ribbon on the daily chart

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PSBs Q4 preview: Bond yields may dent treasury income; asset quality eyed

Analysts are bullish on the PSBs' bottom lines on the back of favorable base on NII, a seasonally higher fee quarter, and some recoveries from Bhushan Power

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MARKET LIVE: SGX Nifty indicates a weak start; Axis Bank, TaMo in focus

LIVE market: A total of 25 companies, including Indian Oil Corporation, Indiabulls Housing Finance, JK Tyre & Industries, and SML Isuzu are scheduled to release quarterly earnings today

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Google I/O 2021: Android 12, Wear OS, Smart Canvas, AI and more announced

The Google I/O 2021 was full of surprises and interesting announcements. Here is a quick recap of everything announced at the Google I/O 2021

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Jamie Dimon succession race has two women ahead of pack at JP Morgan

Marianne Lake and Jennifer Piepszak have been named as co-heads of consumer and community banking business.

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Jamie Dimon succession race has two women ahead of pack at JP Morgan

The bank's board has asked Dimon to remain in his role for a significant number of years, JPMorgan spokesman Joe Evangelisti said Tuesday.

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Coronavirus LIVE: India records 267174 new cases; global tally nears 165 mn

Coronavirus live updates: India reported record of 4,525 new deaths and 267,174 fresh Covid-19 infections today, taking the caseload tally to 25,495,144. Stay tuned for corona-related news

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Monday, May 17, 2021

4,329 die of Covid in 24 hours, marking India's worst day in fatality count

Maharashtra continues at the top with the highest deaths so far, the western state has been surpassed by Karnataka for largest number of cases being reported last week

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Orient Cement surges 10%, hits 52-week high on strong Q4 results

The company's stellar performance is backed by a 17.1 per cent YoY jump in sales volumes (1.85 MT) along with strong realisations (up 8.5 per cent YoY) in the company's key operating regions

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Cyclone Tauktae leaves behind trail of destruction in Gujarat; 4 dead

Four people were killed in Gujarat as cyclone Tauktae pounded parts of the state and left behind a trail of destruction along the western coast, officials said on Tuesday

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Stocks to watch: Tata Motors, Airtel, Gland Pharma, HCL Tech, Orient Cement

Reliance Jio said it is constructing the largest international submarine cable system centred on India with global partners and submarine cable supplier Subcom to cater to increased data demand

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Musk loses world's second-richest ranking to LVMH's Arnault as Tesla dips

Tesla Inc chief Elon Musk lost his spot to LVMH Chairman Bernard Arnault as electric vehicle-maker's shares fell 2.2%. Musk now has a fortune of $160.6 billion, down 24% from its January high.

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Top stock ideas from Anand Rathi: Buy Indiabulls Real Estate, RIL

Since November 2020, RELIANCE has made almost three bottoms between 1,830 - 1,860 levels, which indicates multiple supports for the stock near the 1,830-mark

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Musk loses world's second-richest ranking to LVMH's Arnault as Tesla dips

Tesla Inc chief Elon Musk lost his spot to LVMH Chairman Bernard Arnault as electric vehicle-maker's shares fell 2.2%. Musk now has a fortune of $160.6 billion, down 24% from its January high.

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MARKET LIVE: SGX Nifty signals gap-up open; Tata Motors Q4 results today

LIVE market: Analysts expect Tata Motors to report a strong standalone performance, offset by modest performance in JLR

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Apple Music subscribers to get lossless audio, Dolby Atmos for free in June

By default, the Apple Music will let users automatically play Dolby Atmos tracks. However, the Lossless Audio will be available as an opt in setting

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US gasoline prices at 7-yr high in slow recovery from cyberattack

Last week's closure of Colonial Pipeline's 5,500-mile (8,900-km) system was the most disruptive cyberattack on record

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'Entire families' wiped out, anger grows as Covid-19 engulfs rural India

In Basi, about 1.5 hours from the capital New Delhi, about three-quarters of the village's 5,400 people are sick and more than 30 have died in the past three weeks.

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Elon Musk fuels Bitcoin volatility by saying Tesla hasn't sold stake

The drama started on Sunday after Musk sent a tweet that raised questions about whether Tesla might have already sold its stake

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Gland Pharma's Q4 consolidated net profit up 34% at Rs 260.4 crore

Drug firm Gland Pharma on Monday reported a 34 per cent rise in its consolidated net profit to Rs 260.4 crore for the fourth quarter ended March 2021, on account of robust sales

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Slow research to understand fast change

A new open-access research collection reveals unexpected lessons drawn from decades of rich data from the Long Term Ecological Research (LTER) Network.

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Proteins that predict future dementia, Alzheimer's risk, identified

The development of dementia late in life is associated with abnormal blood levels of dozens of proteins up to five years earlier, according to a new study. Most of these proteins were not known to be linked to dementia before, suggesting new targets for prevention therapies.

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Amazon in talks to buy movie studio MGM for about $9 billion:Report

MGM would help bolster Amazon's Prime streaming service, the Information and Variety said in reports. Amazon is weeks into negotiations to buy studio for about $9 billion, according to Variety.

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AT&T, Discovery deal highlights media's thirst to be like Netflix

(Reuters) - Since AT&T bought Time Warner in 2018 to compete with Netflix and Disney, the world of streaming video has only gotten more cutthroat.

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Medical system in small cities, villages of UP 'Ram bharose': Allahabad HC

The Allahabad High Court made the comment on Monday while hearing a PIL over the coronavirus spread and the condition of quarantine centres in the state

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Lipid droplets help protect kidney cells from damage

Researchers have found out how microscopic structures called lipid droplets may help to prevent a high-fat diet causing kidney damage. The work in fruit flies opens up a new research avenue for developing better treatments for chronic kidney disease.

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Cells from the center of tumors most likely to spread around the body

Cells from different parts of kidney tumors behave differently, and surprisingly, cells within the center of a tumor are the most aggressive and have the highest chance of spreading around the body.

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Sperm help 'persuade' the female to accept pregnancy

Sperm are generally viewed as having just one action in reproduction -- to fertilize the female's egg - but studies are overturning that view.

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High-intensity intermittent training improves spatial memory in rats

Despite lower exercise volume, HIIT was as effective as endurance running for improving exercise capacity and spatial memory. Researchers found that activity-specific physiological adaptations in the muscles and increased signaling and neurogenesis in the hippocampus underlie these improvements. Findings also suggested that benefits can potentially be optimized by tailoring exercise time and intensity.

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Researchers report first instance of COVID-19 triggering recurrent blood clots in arms

Researchers are reporting the first instance of COVID-19 triggering a rare recurrence of potentially serious blood clots in people's arms.

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Sunday, May 16, 2021

DATA STORY: First daily increase of less than 300,000 Covid cases in 25 days

India has so far administered 182,926,460 vaccine doses. That is 732.72 per cent of its total caseload, and 13.14 per cent of its population

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Cyclone Tauktae: Mumbai Airport to be shut from 11 am to 2 pm due to alert

The operations at the city's Chhatrapati Shivaji Maharaj International Airport will remain suspended from 11 am till 2 pm on Monday in view of the cyclone alert, the private airport has notified

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Cipla dips 4% on lower than expected March quarter earnings

The company's performance in Q4FY21 was weighed by moderate YoY growth in India Domestic Formulation (DF)/South Africa and decline in API sales for the quarter

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L&T shares decline over 3% amid profit booking post March quarter results

The reported net profit was higher than Bloomberg consensus estimate of Rs 3,042 crore, despite the 116 per cent YoY jump in tax expenses to Rs 2,087 crore

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Hester Biosciences zooms 33% in 2 days as firm in talks to produce Covaxin

The company said it has tied up with the Gujarat government to explore the production of Covid-19 vaccine through technology transfer from Bharat Biotech

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'Tuaktae' now very severe cyclonic storm; to reach Gujarat coast: IMD

The severe cyclonic storm'Tauktae' over the Arabian Sea has intensified into a very severe cyclonic storm and is expected to reach the Gujarat coast Monday evening, IMD said

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'This is a moral crisis': Desperate India falls prey to Covid-19 scammers

Scams, profiteering represent the flip side of an online help system that has emerged to fill the void left by the government.

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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The RSI has indicated a trend reversal, showing strength, and has signaled a buy for RITES

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Stocks to watch: Bharti Airtel, L&T, Cipla, Geojit Financial, Hero MotoCorp

Punjab National Bank (PNB) on Saturday said it has raised Rs 1,800 crore by selling 53 crore shares on a private placement basis to investors like LIC and Societe Generale

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Stock picks by Sameet Chavan: Buy ITC, sell Dr Lal PathLabs

Dr Lal PathLabs' stock seems to have lost its sheen now as we are seeing consistent corrective moves over the past few weeks

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Omicron has cast a shadow of uncertainty on growth outlook: IndiGo CEO

However, the airline is stronger now when compared to situation in 2020 during the first wave of the pandemic, says Ronojoy Dutta from Com...