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Stock Market Latest Updates: Sensex falls 262 points, Nifty holds 9,200-mark; SBI, Bajaj Finance among major losers
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  • Stock Market Latest Updates: Sensex falls 262 points, Nifty holds 9,200-mark; SBI, Bajaj Finance among major losers

Stock Market Latest Updates: Sensex falls 262 points, Nifty holds 9,200-mark; SBI, Bajaj Finance among major losers

FP Staff • May 5, 2020, 16:08:30 IST
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Stock market today LIVE Updates: Benchmark indices erase early gains; petrol price up Rs 1.67, diesel Rs 7.10 per litre in Delhi

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Stock Market Latest Updates: Sensex falls 262 points, Nifty holds 9,200-mark; SBI, Bajaj Finance among major losers
May 5, 2020, 15:54:46 (IST)
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Sensex falls 262 points, Nifty holds 9,200-mark

Indices witnessed profit booking and closed in the red for the second day in a row on Tuesday even as the broader Nifty managed to hold above 9,200 level.

The Sensex fell 261.84 points or 0.83 percent at 31,453.51, while Nifty was down 87.90 points or 0.95 percent at 9,205.60 at close. 

SBI, Bajaj Finance, Asian Paints, Axis Bank and Kotak Bank were the major losers in the Sensex pack. The gainers included Mahindra & Mahindra, PowerGrid, ONGC and Reliance.

#MarketAtClose | Market fails to hold opening gains, ends Tuesday trade near day’s low. #Sensex falls 810 points, Nifty 245 points, #Nifty Bank 951 points from day’s high pic.twitter.com/6TqhTDCtLw

— CNBC-TV18 (@CNBCTV18Live) May 5, 2020
May 5, 2020, 15:53:45 (IST)
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Domestic, international passenger flights to remain suspended till 17 May: Govt

Aviation Minister @HardeepSPuri says domestic & international scheduled passenger flights will remain suspended until May 17 pic.twitter.com/QVuSTyqERR

— CNBC-TV18 (@CNBCTV18Live) May 5, 2020
May 5, 2020, 15:31:12 (IST)
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Sensex drops 252 points, Nifty at 9,211

Market continued to extend the losses as Sensex dipped 251.73 points 0.79 percent to 31,463.62 while the Nifty was down 82.45 points or 0.89 percent at 9,211.05 at around 3.15 pm.

May 5, 2020, 15:28:16 (IST)
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PepsiCo India funded COVID-19 testing kits start reaching laboratories

PepsiCo India on Tuesday said the first batch of test kits for coronavirus funded by it has started reaching testing sites across India.

These kits are being procured and distributed by Foundation for Innovative New Diagnostics (FIND) with funding from PepsiCo India and have been approved by Indian Council of Medical Research (ICMR), the company said in a statement.

PepsiCo India had volunteered to support the scale up of India’’s COVID-19 testing capacity through support provided to FIND.

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May 5, 2020, 15:16:50 (IST)
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ICICI Bank stock falls

#CNBCTV18Market | ICICI Bank slips nearly 4% from highs pic.twitter.com/h0EHqON9ra

— CNBC-TV18 (@CNBCTV18Live) May 5, 2020
May 5, 2020, 15:15:31 (IST)
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JSPL’s crude steel output remains flat in April 2020

Private steel player Jindal Steel and Power Ltd (JSPL) has said its consolidated crude steel production remained flat at 6.5 lakh tonne (LT) during April 2020.
The company had produced similar amount (6.5 LT) of crude steel during the same month in 2019.

In April this year, its consolidated sales also reduced by 29 percent to 4.55 LT from 6.42 MT in the corresponding period a year ago.

The company said the outbreak of pandemic began impacting economic activity by the third week of March, leading to the announcement of the nationwide lockdown.

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May 5, 2020, 15:10:03 (IST)
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EPFO releases total Rs 764 cr to pensioners for April

Retirement fund body EPFO on Tuesday said it has disbursed a total of Rs 764 crore to 65 lakh pensioners for April under its pension scheme.

All 135 field offices of the Employees’ Provident Fund Organisation (EPFO) processed pension payment for April 2020 in advance to avoid inconvenience to pensioners on account of nationwide COVID-19 lockdown, according to a labour ministry statement.

EPFO officers and staff battled all odds to send Rs 764 crore to all nodal branches of pension disbursing banks throughout India, it further said.

May 5, 2020, 15:08:47 (IST)
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Tourism hit hard by lockdown in Uttarakhand, says panel

A high-level committee in Uttarakhand set up to suggest measures to revive the economy has said the lockdown to fight COVID-19 has hit the tourism sector badly in the state and long and short term planning is needed to put it back on track.

Submitting the panel’’s interim report to the government at a meeting convened by chief minister Trivendra Singh Rawat here on Monday, its head Indu Kumar Pandey said long, short and medium term planning is needed to offset the impact of the lockdown on the state’s economy, especially tourism.  

He also underlined the need for a sector-wise analysis of industries especially in view of the circumstances arising out of the return of a large number of people from the state stranded in different parts of the country.

May 5, 2020, 15:05:12 (IST)
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Samsung, LG bet on pre-booking offers to woo customers 

Consumer electronics giants like Samsung and LG have initiated pre-bookings of products via digital channels to help customers, who are at home during the lockdown, purchase items like smart TVs and home appliances that will be delivered later by local retailers.

Retail shops remained closed for more than a month due to the nationwide lockdown from 25 March which was imposed to contain the coronavirus pandemic.

With the government easing lockdown restrictions in the third phase starting from 4 May, consumer durables makers are expecting a revival in the demand.

Both LG and Samsung have opened bookings for various products on their websites for limited periods and are offering gifts of up to Rs 10,000 on pre-bookings made during the lockdown period. LG has opened pre-bookings till 15 May and Samsung by 8 May.

May 5, 2020, 14:56:19 (IST)
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Indices slip into red as Sensex falls 114 points, Nifty below 9,300-mark

Market slipped into the red zone as Sensex fell 114.23 points 0.36 percent to 31,601.12 while the Nifty was down 50.10 points or 0.54 percent at 9,243.40 at around 2.45 pm.

SBI, Bajaj Finance, Kotak Mahindra Bank, Asian Paints, and Axis Bank were the major losers in the Sensex pack.

May 5, 2020, 14:42:05 (IST)
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DPIIT asks telecom dept, BSNL to hold Rs 9,000-cr tender

The Department for Promotion of Industry and and Internal Trade (DPIIT) has asked the telecom department and state-owned BSNL to put on hold the tender for setting up 4G network, valued at Rs 9,000 crore, after allegations emerged that the tender favoured foreign companies, according to a communication.

The move comes following a complaint filed by TEPC, the government body for promotion of domestic telecom products, equipment and services.

The tender was floated by BSNL in March under the new management for setting up 4G network. This was the first tender issued by the telecom PSU after the government announced Rs 68,751 crore relief package for BSNL and MTNL in October 2019.

May 5, 2020, 14:37:16 (IST)
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Varun Beverages March quarter profit up 50% to Rs 60 cr

Varun Beverages Ltd, PepsiCo’s largest franchise bottler, on Tuesday reported 50 percent jump in consolidated net profit at Rs 60.06 crore for the March quarter 2020, helped by volume growth across its domestic and international markets.

The company, which follows calendar year as its financial year, posted a net profit of Rs 40.04 crore in January-March 2019.

Total income during the latest quarter stood at Rs 1,724.51 crore, up 24.78 percent from Rs 1,382 crore in the year-ago period, Varun Beverages said in a regulatory filing.

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May 5, 2020, 14:22:32 (IST)
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Rupee ends slightly higher at Rs 75.62

#Rupee ends slightly higher at 75.62 against the US dollar pic.twitter.com/KrkFaBqgN1

— CNBC-TV18 (@CNBCTV18Live) May 5, 2020
May 5, 2020, 14:19:36 (IST)
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Indices trim gains as Sensex up 149 points, Nifty holds 9,300

Market remained volatile as Sensex was trading 148.70 points 0.47 percent higher at 31,864.05 while the Nifty was up 37.60 points or 0.4 percent at 9,331.10 at around 2.15 pm.

May 5, 2020, 14:16:01 (IST)
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Spain unemployment highest in nearly 4 years

The Spanish government says that the halting of most economic activity during April’s strict confinement shot up unemployment to a total of 3.8 million, the highest figure in nearly four years.

Altogether 282,891 people registered as jobless in April, or 8 percent more than a month earlier, data published on Tuesday by Spain’s labour ministry shows.

More than 300,000 people had already gone jobless the previous month, after authorities enacted a state of emergency on 14 March that provided the legal framework to confine Spaniards at home and deal with a pandemic that has killed at least 25,000.

The jobless statistics don’t include the millions of workers in Spain that have been furloughed or seen a temporary reduction in the number of hours that they are working.

May 5, 2020, 14:13:28 (IST)
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Gold futures slip on weak demand

Gold futures on Tuesday fell 0.88 percent to Rs 45,405 per 10 gram as participants offloaded their holdings following weak trend overseas.

On the Multi Commodity Exchange, gold prices for June delivery fell by Rs 402, or 0.88 percent, to Rs 45,405 per 10 gram in a business turnover of 13,574 lots.

The yellow metal for August delivery declined by Rs 378, or 0.82 percent, to Rs 45,640 per 10 gram in 2,233 lots.

May 5, 2020, 14:12:15 (IST)
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US treasury plans to borrow record $3 trillion

The US plans to borrow a record $2.9 trillion during the April-June quarter to deal with the raging coronavirus pandemic that has wreaked the world’s largest economy and claimed the lives of over 69,000 people in the country.

According to The Wall Street Journal, the sum is more than five times the previous quarterly record, set at the height of the 2008 financial crisis.

During the April-June quarter, the US treasury expects to borrow $2.9 trillion in privately-held net marketable debt, assuming an end-of-June cash balance of $800 billion, an official statement said on Monday.

May 5, 2020, 14:10:29 (IST)
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Madhya Pradesh constitutes committee to revive industries

The Madhya Pradesh government has constituted a committee of industrialists to attract investments and revive industries from the impact of the COVID-19 outbreak in the state, an official said on Tuesday.

The industrial policy and investment promotion department has constituted a committee, which will advise the state government about ways to attract investments in the aftermath of the pandemic, an official from the public relations department said.

The principal secretary of the department will be convenor of the committee, while the principal secretary of micro small and medium enterprises (MSME) department will be co-convenor, he said.

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May 5, 2020, 14:09:39 (IST)
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Silver futures ease on low demand

Silver futures on Tuesday plunged Rs 165 to Rs 41,079 per kg as participants cut down their bets on low demand.

On the Multi Commodity Exchange, silver contracts for July delivery tumbled by Rs 165, or 0.4 percent, to Rs 41,079 per kg in a business turnover of 3,292 lots.

However, in the international market, silver prices traded 0.91 percent up at $14.93 an ounce in New York.

Analysts said weak trends in overseas markets mainly kept pressure on silver prices.

May 5, 2020, 14:05:35 (IST)
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Nifty Bank recovers

Kotak Mah Bank, ICICI Bank & IndusInd Bank help Nifty Bank recover, Index up more than 300 points from lows pic.twitter.com/duF7MBYkYh

— CNBC-TV18 (@CNBCTV18Live) May 5, 2020
May 5, 2020, 14:03:24 (IST)
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State-run banks’ NPAs likely to rise 2-4 percentage points: Report

State-owned banks’’ non-performing loans are likely to rise by 2-4 percentage points, which will put up to $15 billion recapitalisation pressure on the government in FY21, a foreign brokerage firm said on Tuesday.

The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in divestments, and will have to look for different ways of raising resources for recapitalisation, analysts at Bank of America said.

The government can issue recapitalisation bonds, or the RBI’’s huge reserves of over $127 can also be dipped into to help the state-owned bank’’s recapitalisation needs, it said.

May 5, 2020, 13:44:09 (IST)
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Kalpataru completes sale of 100% stake in Kalpataru Satpura Transco to CLP India

Kalpataru Power Transmission Limited (KPTL) on Tuesday said it has successfully completed sale of its entire stake in Kalpataru Satpura Transco Private Limited (KSTPL) to CLP India Private Limited.

CLP India is owned by CLP Group, one of the largest investor-owned power businesses in Asia, and Caisse de dpt et placement du Qubec (CDPQ), one of Canada’’s leading institutional fund managers.

The company, however, did not disclose the financial details of the transaction.

In a filing to the BSE on Tuesday, the company said “the company has successfully completed sale of its entire 100 percent stake in KSTPL to CLP.

Consequently, KSTPL ceased to be a subsidiary of the company with effect from 20 November 2019.

May 5, 2020, 13:41:11 (IST)
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Markets partially in green during mid-session

The Indian markets at half-time are still trading partially in the green though it has given up part of its opening gains as bears are strongly protecting the 9,450 level, said Aditya Agarwala, senior technical analyst, YES Securities.

“IT, Auto, Metal and select private banks are leading the rally. On the flip side PSU Bank, Pharma and FMCG stocks are dragging the Index lower. It will important for the bulls to protect the 9,300 support zone on a closing basis below which sell-off could extend to levels of 9,100 levels as well. European markets have opened with strong gains, if these opening gains are held short covering could be witnessed in the latter half of the session,” he said.

May 5, 2020, 13:36:30 (IST)
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Rupee at day’s low

#Rupee at day's low against the US dollar pic.twitter.com/T9xi7q4bL2

— CNBC-TV18 (@CNBCTV18Live) May 5, 2020
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May 5, 2020, 13:36:00 (IST)
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Sensex jumps 250 points, Nifty above 9,350-mark
 

Sensex jumped 250.08 points 0.79 percent to 31,965.43 while the Nifty was up 72.45 points or 0.78 percent at 9,365.95 at around 1.20 pm.

May 5, 2020, 13:28:00 (IST)
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Vistara’s senior employees to go on leave without pay up to 4 days

Vistara CEO says senior employees to go on leave without pay for up to 4 days per month in May and June, reports PTI.

May 5, 2020, 13:24:26 (IST)
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NBFCs ask RBI for one-time restructuring of all loans till Mar 2021

Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown.

NBFCs have also demanded for extension of the Reserve Bank of India’s moratorium to them, relaxation on provisioning norms and additional funding from Small industrial Development Bank of India (SIDBI) and National Bank for Agriculture and Rural Development (NABARD) through refinance mechanism.

These suggestions were made by the industry players in their meeting with the Reserve Bank of India (RBI) held on Monday, according to the Finance Industry Development Council (FIDC), a representative body of lending NBFCs.

The industry body said all their customers are facing disruptions in cash flow cycles, which is likely to be there for the major part of this fiscal. The most affected segments include transport operators, contractors and Micro, Small & Medium Enterprises (MSMEs).

May 5, 2020, 13:21:13 (IST)
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Force Motors reports total sales of 66 units in April

Force Motors on Tuesday said its total sales stood at 66 units in April amid zero production on account of the nationwide lockdown to curb the spread of COVID-19.

Domestic sales of small commercial vehicles (SCV) and light commercial vehicles (LCV) were at zero units but sales of utility vehicles, sports utility vehicles and tractor were at 46 units last month, Force Motors said in a regulatory filing.

Exports of SCV and LCV during the month stood at 20 units, but those of UV, SUV and tractors were at zero units, it added.

Production of vehicles across categories was zero in April, the company said

May 5, 2020, 13:18:56 (IST)
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A few NBFCs recover

#CNBCTV18Market | Some NBFCs recovering from low point of the day pic.twitter.com/3JTFlRM625

— CNBC-TV18 (@CNBCTV18Live) May 5, 2020
May 5, 2020, 13:03:57 (IST)
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US financial body gives $15 mn loan to Indian startup

An American financial organisation has agreed to sanction $15 million loan to an Indian education startup to expand the access to quality education by providing critical financing to schools that serve low-income students in India.

The financing will help Bengaluru-based Varthana to reach more schools by meeting its need for long-term capital that is unavailable in the Indian market, US International Development Finance Corporation (DFC) said in a statement.

The DFC, America’s Development Bank, said that the financing will be especially critical as schools work to adapt to and recover from disruptions caused by the coronavirus pandemic.

In addition to providing timely loans, Varthana has been helping schools implement digital learning tools and teaching methods so that students can continue their education remotely through the pandemic, it said.

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May 5, 2020, 12:55:45 (IST)
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Sensex up 199 points, Nifty above 9,300-mark

Sensex was trading 198.84 points or 0.63 percent higher at 31,914.19 while the Nifty was up 53.30 points or 0.57 percent at 9,346.80 at around 12.50 pm.

May 5, 2020, 12:47:30 (IST)
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Retail sector suffers Rs 5.50 lakh cr loss in last 40 days: Traders’ body

The Confederation of All India Traders (CAIT) said that, ever since the lockdown was imposed on 24 March, the  retail sector has lost a gigantic sum of approximately Rs 5.50 lakh crore in this period.

It is likely to witness at least 20 percent  of collapse with retailers winding up their businesses in the next few months. The CAIT has urged Prime Minister Narendra Modi and finance minister Nirmala Sitharaman to handhold the trading community and award a substantial package to the traders to ensure their survival.

CAIT national president  BC Bhartia and secretary general Praveen Khandelwal said that COVID-19 has caused a huge irreparable dent in the retail trade.

Indian retailers do a daily business of around Rs 15,000 crore and the country is in a lockdown for over 40 days now. This would mean there is a massive loss of over 5.50 lakh crore of business done by 7 crore traders of India.

May 5, 2020, 12:36:21 (IST)
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Online entrepreneurial courses launched

EdTech platform Bada Business has launched their lifetime membership for everyone to access a series of training courses and lessons with strategic tools to help them re-strategize businesses.

Bada Business is an initiative of motivational speaker and business coach Vivek Bindra to offer businesses particularly small and medium ones, extensive knowledge into strategies to help them scale up and grow.

The new lifetime membership plan is a combination of business coaching courses designed to improve the execution capability of businesses. It gives them access to case studies, checklists and knowledge about technological adaptation.

May 5, 2020, 12:31:03 (IST)
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India may operate 64 flights to repatriate 14,800 of its nationals from 12 countries

The Central government is likely to operate 64 flights from 7 to 13 May bring home around 14,800 Indian nationals stranded abroad because of the coronavirus lockdown, said senior government officials on Tuesday.

These special flights would be operated by Air India and its subsidiary Air India Express to repatriate Indians from 12 countries — the UAE, the UK, the US, Qatar, Saudi Arabia, Singapore, Malaysia, Philippines, Bangladesh, Bahrain, Kuwait and Oman, said the officials.

India has been under a lockdown since 25 March to curb the spread of the coronavirus and it will continue till 17 May. All commercial passenger flights have been suspended for this period.

Therefore, the Ministry of Home Affairs announced on Monday it will facilitate the return of asymptomatic Indian nationals stranded abroad from 7 May onwards, in a phased manner, through aircraft and naval ships on a payment basis.

May 5, 2020, 12:28:13 (IST)
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Govt recommends continuation of anti-dumping duty on Chinese chemical

The commerce ministry has recommended for continuation of anti-dumping duty on a Chinese chemical used in food and pharma industry with a view to guard domestic players from cheap imports.

In a notification, the ministry’’s investigation arm Directorate General of Trade Remedies (DGTR) has said there is a “positive” evidence of likelihood of dumping of Sodium Citrate and injury to the domestic industry if the existing anti-dumping duty would be removed.

“The designated authority considers it appropriate to recommend continuation of definitive anti-dumping duty” on the chemical, it has said.

The directorate has recommended two duties $96.05 per tonne and $152.78 per tonne. The finance ministry takes the final decision to impose this duty.

May 5, 2020, 12:24:43 (IST)
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Asian Paints partially resumes operations at some facilities

Asian Paints on Tuesday said it has partially resumed operations at some of its manufacturing locations, warehouses and offices where lockdown restrictions have been eased.

On 23 March, the company had informed bourses about disruption of operations across the country on account of COVID -19 pandemic.

“In accordance with the guidelines issued by the ministry of home affairs and various state government authorities, the company has partially resumed operations at some of its manufacturing locations, warehouses, and offices wherein lockdown restrictions have been eased,” Asian Paints said in a regulatory filing.

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May 5, 2020, 12:23:47 (IST)
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Bharat Forge partially resumes operations at Baramati plant

Auto component major Bharat Forge on Tuesday said it has partially resumed operations at its Baramati facility after obtaining approval from the government.

The company plans to commence operations at the facility with immediate effect after obtaining permission from the local district authority (MIDC, Baramati), Bharat Forge said in a statement.

”We expect production to commence by end of the week, post completion of mandatory safety check and training of personnel on physical distancing, health and hygiene," it added.

The company’s other manufacturing facilities in the country would remain closed till further notice, Bharat Forge said.

May 5, 2020, 12:22:36 (IST)
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United Airlines to cut 30% of management in October

United Airlines Holdings Inc plans to cut at least 3,400 management and administrative positions in October as the coronavirus pandemic crushes air travel demand, and has told pilots to brace for changes as well, according to two memos seen by Reuters.

Chicago-based United is among the US airlines that have accepted US government payroll aid that bans job or pay cuts before 30 September. However, United and other carriers have warned that demand is unlikely to recover to pre-crisis levels by that date, forcing them to shrink in the fall.

The United memos are the first indication of just how much major airlines might downsize due to the health crisis.

May 5, 2020, 12:15:43 (IST)
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Tata Motors gets nod to raise Rs 1,000 cr via NCDs

Tata Motors on Tuesday said a board constituted committee has approved raising up to Rs 1,000 crore via issue of non-convertible debentures on a private placement basis.

A meeting of the duly authorised committee held on Tuesday approved the offer for subscription, on a private placement basis, up to 10,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10,00,000 each at par aggregating up to Rs 1,000 crore, Tata Motors said in a regulatory filing.

These will be issued in three tranches of Rs 500 crore, Rs 300 crore and Rs 200 crores with redemptions due on 30 September 2022, 28 November 2022 and 29 December 2022 respectively, it added.

Tata Motors approves raising up to Rs 1,000 cr via NCDs in tranches pic.twitter.com/IOJxGZLOub

— CNBC-TV18 (@CNBCTV18Live) May 5, 2020
May 5, 2020, 12:13:39 (IST)
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Abhijit Banerjee talks to Rahul Gandhi: Highlights of conversation

. @RahulGandhi discusses India's #coronavirus response with Abhijit Banerjee: Here are the highlightshttps://t.co/rlOeC4mgQH

— CNBC-TV18 (@CNBCTV18Live) May 5, 2020

Stock Market Latest Updates: Benchmark indices erase early gains; petrol price up Rs 1.67, diesel Rs 7.10 per litre in Delhi New York: A late Wall Street rally is expected to lead Asian stocks higher on Tuesday after tech shares and oil rose on easing coronavirus restrictions and prospects of an economic recovery, overcoming concerns about renewed Sino-US trade tensions. Futures on major US, Hong Kong and Australian indexes were up about 0.3 percent in early Asia trade after major Wall Street indexes ended up Monday. The tech-heavy Nasdaq Composite closed up 1.2 percent. Oil rose as much as 5 percent as countries announced they would began easing coronavirus lockdowns and crude supply cuts took effect. The upturn for stocks came on more optimistic statements from the governors of California and New York for reopening businesses. Andrew Cuomo of New York on Monday outlined a phased reopening in the US state hardest hit by the COVID-19 pandemic. [caption id=“attachment_5678251” align=“alignleft” width=“380”] ![Representational image. Reuters.](https://images.firstpost.com/wp-content/uploads/2018/12/sensex-bse1_Reutures2.jpg) Representational image. Reuters.[/caption] “Can you lift restrictions and begin to phase in economic activity and yet keep the number of cases at bay? That is what the market is focused on right now,” said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. Early on Tuesday trading in Asia, futures for the S&P 500 were up 0.1 percent and the Australian S&P/ASX 200 futures were up 0.32 percent. Hong Kong’s Hang Seng index futures rose 0.24 percent. Japan and mainland China markets are closed for public holidays. The Australian dollar fell 0.02 percent versus the greenback at $0.643. The shift in sentiment came too late for European stocks with the pan-European STOXX 600 ending 2.7 percent lower. There were also concerns about declines in manufacturing in Europe and the US. MSCI’s gauge of stocks across the globe shed 0.69 percent on Monday. Emerging market stocks lost 3.14 percent. The Dow Jones Industrial Average rose 0.11 percent on Monday while the S&P 500 gained 0.42 percent. The S&P 500 rise was powered by Microsoft, Apple and Amazon. Their strength overcame drops in airline shares of between 5 percent to 8 percent after legendary investor Warren Buffett said his Berkshire Hathaway had sold its carrier holdings. US crude was up 3.87 percent at $21.18 per barrel and Brent was at $27.97, up 5.79 percent on the day. “The market continues to price in the idea that things are improving,” said Gene McGillian, vice president of market research at Tradition Energy in Stamford, Connecticut. Still, an ambivalence about countervailing forces dominated in the US Treasury market. Heavy corporate debt issuance weighed on bond prices after an early round of safe-haven buying and left the yield on 10-year USTreasury notes barely changed at 0.63 percent compared with 0.64 percent late on Friday. “To me that really speaks to…a deep lack of conviction over what comes next,” said Jon Hill, an interest rate strategist at BMO Capital Markets in New York. The US dollar index rose 0.258 percent, and the euro was down 0.03 percent to $1.0903. Spot gold added 0.1% to $1,701.44 an ounce.

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Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

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