Xiaomi Had a Great 2019 With Mi TV And Lifestyle Products Complementing Strong Smartphone Sales

The Beijing-headquartered electronic conglomerate's adjusted net profit was 11.5 billion Chinese Yuan, up 34.8 per cent Year-over-Year for the calendar year that ended December 31.

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Sensex Plunges Over 700 Points, Nifty Drops Below 8,400 Amid Weak Global Cues Due to Covid-19

On the global front, bourses in Hong Kong, Tokyo and Seoul were in the red, while those in Shanghai were trading on a positive note.

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New Interest Rates on PPF, NSC, KVP, Post Office and Senior Citizens Schemes, Check Here

For the April-June 2020 quarter, 15-year Public Provident Fund scheme will fetch an annual interest rate of 7.1% (compounded annually) as compared to 7.9% earlier.

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US, Russia Energy Officials Have 'Productive Talk' on Oil Market Plunge Amid Coronavirus

Trump on Monday said Saudi Arabia and Russia "both went crazy" in their oil-price war and added that "I never thought I'd be saying that maybe we have to have an oil (price) increase, because we do."

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Gold Recovers from 3% Slump as Dollar Eases Amid Coronavirus-hit Economy

Asian shares faced another leg lower on Wednesday as the virus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade.

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India's Retail Trade Incurred Losses Worth $30 Billion Last Fortnight Due to Coronavirus Pandemic: CAIT

CAIT Secretary General Praveen Khandelwal said that even if global economies and other sectors of the Indian economy bounce back sooner than expected, Indian traders are likely to pay a higher price.

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Natural Gas Prices Cut by Steep 26 Percent, Huge Dent in ONGC Revenues

Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) said the bulk of India's existing gas production will be priced at USD 2.39 per million British thermal unit for the six-month period beginning April 1, down from USD 3.23 as of now.

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Moneycontrol Pro Reaches a New Milestone — 1.5 Lakh Paying Subscribers

MC Pro has reached an important milestone since its debut in less than a year after its debut. Here is a recap of the highlights and what’s in store for readers.

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Govt to Borrow Rs 4.88 Lakh Crore in First Half of FY21: DEA Secretary Atanu Chakraborty

Finance Minister Nirmala Sitharaman had in her budget for 2020-21 pegged gross borrowing in the new financial year at Rs 7.8 lakh crore, higher than Rs 7.1 lakh crore estimated in the current fiscal.

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ONGC, IOC, Other Oil Companies to Contribute Over Rs 1,031 Crore to PM COVID-19 Fund

Privatisation-bound Bharat Petroleum Corp Ltd (BPCL) provided Rs 175 crore, while Hindustan Petroleum Corp Ltd (HPCL) chipped in Rs 120 crore.

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India May Lose Up to 13.6 Crore Jobs in Post-Pandemic Economic Upheaval: Report

Industry body CII said that more than half of the tourism and hospitality industry can go sick with a possible loss of over 20 million jobs if recovery in the industry stretches beyond October 2020.

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Stocks Rise, Oil Rebounds as China Data Boosts Virus-Hit Economy

Around midday, Europe's main stock markets were up more than one percent on average. The dollar was higher, while the euro came under pressure from data showing inflation in the eurozone fell in March.

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Ensure Uninterrupted Supply of Vital Medicines, Food Products: Piyush Goyal to G20 Trade Ministers

Goyal said that trade facilitative responses need to be in place, and wherever necessary, requirements by authorities like customs, banks of producing original documents by importers for various clearances can be removed temporarily.

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Eight Core Sectors Growth Rise 5.5% in February, Highest in 11 Months

The eight core sector industries -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- had expanded by 2.2% in February last year.

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Johnson & Johnson Stocks Jump 8% on Plans to Conduct Human Trials for COVID-19 Vaccine by September

The pharmaceutical company has signed an agreement with the US government's Biomedical Advanced Research and Development Authority to invest $1 billion in the effort, it said in a statement on Monday.

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Coronavirus: ArcelorMittal Says It is Working to Develop 3D-printed Ventilator Prototype

The company said it is working to make critical medical and safety equipment available in countries like India and Liberia, where coronavirus cases are escalating.

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Centre Asks States to Ensure Normal Functioning of Banks, ATMs During Lockdown

Union Home Secretary Ajay Bhalla said smooth banking operations and related activities across the country are essential.

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Govt Extends Validity of Lower Withholding Tax Orders by 3 Months Till June Due to COVID-19

The CBDT said that cases where the application is pending and where such certificates were issued for fiscal 2019-20, the validity of the certificates would get extended to June 30, 2020.

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Sensex Rallies 1,028 Points; Energy, Financial, FMCG Stocks Soar

According to traders, domestic investors turned positive amid rebound in global peers as most Asian benchmarks ended higher on recovery in China's manufacturing during March as authorities relaxed anti-disease controls and allowed factories to reopen.

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Confusion Prevails Among Borrowers Over Three-Month Moratorium as Many Get EMI Reminders

As part of measures to alleviate hardships faced by people, the Reserve Bank, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.

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RBI Likely to Cut Interest Rates by 100 bps in FY21, Predict Fitch Solutions

The Reserve Bank of India cut benchmark repurchase (repo) rate by 75 basis points and its reverse repurchase rate by 90 basis points at an emergency meeting on March 27, bringing the rates to 4.40 per cent and 4.00 per cent, respectively, from 5.15 per cent and 4.90 per cent, previously.

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Except India & China, World Economy Will Go Into Recession, Says UN Report

With two-thirds of the world's population living in developing countries amid the Covid-19 economic crisis, the UN is calling for a $2.5 trillion rescue package for these nations.

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Oil Prices Rebound After Hitting 18-year Lows Amid Coronavirus Crisis

The crisis has been worsened after top producers Saudi Arabia and Russia launched a price war following a row about reducing output to support virus-hit energy markets.

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Key Stocks in Focus Today: IndusInd Bank, Suzlon, JSW Energy, Fortis Healthcare

At 10:26 am, the benchmark S&P BSE Sensex was trading up 676.78 points, or 2.38%, to 29,117.10, while the Nifty 50 rose 203.15 points, or 2.45%, to 8,484.25.

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Mallya Asks Sitharaman to Consider Offer to ‘Repay 100%’ Dues of Kingfisher Airlines in ‘Times of Crisis’

Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore, also said all his companies have effectively ceased operations due to lockdown.

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Rupee Rises 8 Paise to 75.51 Against US Dollar in Early Trade

Forex traders said the rupee is trading in a narrow range as the higher opening in domestic equities supported the local unit, while sustained foreign fund outflows and strengthening of the American currency weighed on it.

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Sensex, Nifty Edge Up as China Factory Data Lifts Sentiment Despite Spike in India's Coronavirus Count

Tata Steel, HDFC, Axis Bank, M&M, Reliance Industries, ONGC, ITC, HCL Tech and Titan rallied up to 3 per cent. On the other hand, IndusInd Bank plunged up to 15 per cent. Bajaj Finance, Bajaj Auto and Maruti were also among the laggards.

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Johnson & Johnson Plans to Conduct Human Trials for Coronavirus Vaccine by September

J&J began working on the vaccine under investigation in January using the same technology it had used to develop a candidate vaccine for Ebola.

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Saudi Arabia Says It Will Raise Oil Exports to Record 10.6 Million Barrels Per Day

This means the world's top exporter, which already announced a sharp increase for April, will add at least 3.6 million bpd of additional supplies to the global market amid a production glut and low oil prices.

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ICICI Introduces Banking Service on WhatsApp, Here’s All You Need to Know about It

To make it easy for people, the ICICI bank has now launched banking service on WhatsApp. Using this service is as simple as using WhatsApp for other chats.

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Oil Firms to Give Rs 5 Lakh Ex-gratia for Delivery Boys, Others Working in LPG Supply Chain

While the entire country has been locked down with most confining themselves to homes, cooking gas supplies have continued uninterrupted with all the distributors and hundreds of delivery boys providing cylinders to 27.5 crore users on demand.

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Johnson & Johnson to Start Human Testing of Coronavirus Vaccine by September

J&J also committed more than $1 billion of investment along with US agency Biomedical Advanced Research and Development Authority (BARDA) to co-fund vaccine research, expanding a previous collaboration.

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Sensex Plummets 1,375 Points; Nifty Ends Below 8,300

After plunging over 1,500 points during the day, the 30-share BSE barometer ended 1,375.27 points or 4.61 per cent lower at 28,440.32.

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Coronavirus: Western Railways Suffers Rs 178 Crore Loss Due to Lockdown

The loss was Rs 78.50 crore before March 22 and Rs 100.03 crore between March 23 and 29, the railways said in a release.

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Unavailability of Workers, Transportation Trucks Remain Challenges to Meet Demand: FMCG Players

The companies, however, said the approvals for plant operations and transportation of goods have eased difficulties in movement of raw materials and finished products.

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Coronavirus to Shrink German 2020 GDP by Up to 5.4%, Say Country's Top Economists

Germany's 83 million people are currently under slightly less strict lockdown conditions than in other European nations like France and Italy, with non-essential excursions outside mostly still allowed.

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Indian Online Retailers Set to Lose $1 Billion in Sales during 21-day Lockdown: Forrester

E-commerce sector in India, which is dominated by mobile phones, electronics and fashion, are already estimated to have lost $400 million worth of sales during the last week starting with the ‘junta curfew’ on 22 March.

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Network18 Group Reaches 10 Crore Viewers Daily, 57% Jump in News Impressions During Coronavirus Lockdown

Average user time spent on news apps also jumped by 76% during the same period. Additionally, there has been a 34% spike in daily average reach for the group.

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Fitch Solutions Cuts India GDP Growth Forecast to 4.6 Percent for FY21

The growth estimate for 2020-21 fiscal (April 2020 to March 2021) compares with a 4.9 per cent forecast in the current 2019-20 that ends on Tuesday.

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TRAI to Telcos: Extend Prepaid Validity So Users Get Uninterrupted Services Amid Virus Lockdown

Telecom Regulatory Authority of India (TRAI) has also sought details of the steps being taken to ensure availability of uninterrupted telecom services to such customers on a "priority basis".

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'GDP Could Come Down to 2%': Pawar Warns Against Grim Economic Situation Due to Coronavirus

"We should be ready to brace the impact of looming economic crisis over the country as all types of business activities are suspended," he said.

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Tokyo Stocks Fall More Than 3 Percent in Opening Trade

The benchmark Nikkei 225 was down 3.26 per cent or 631.50 points at 18,757.93 in early trade, while the broader Topix index dropped 3.17 per cent or 46.30 points to 1,413.19.

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Future Retail Shares Down 73% in 1 Month as Kishore Biyani Firm Struggles with Debt

Last week, Future Retail said that certain lenders who held NCDs (non-convertible debentures) through IDBI Trusteeship Services Ltd invoked promoter pledged shares worth 8%.

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Godfrey Phillips Shares Tumble 10% as Cigarette Maker Suspends Operations at All Plants

Godfrey Phillips shares hit an intra-day low of Rs 830 apiece in the morning session compared with the previous close of Rs 918.10.

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Bank of Baroda Cuts Personal, Retail Loan Rates by 75 Basis Points to 7.25%

Bank of Baroda, has reduced its Baroda Repo Linked Lending Rate by 75 basis points with effect from March 28, 2020, it said in a statement.

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China Cuts Reverse Repo Rate By Most in 5 Years to Support Economy Amid Coronavirusvirus-hit economy

Earlier in the day, the PBOC injected 50 billion yuan ($7 billion) into money markets through seven-day reverse repos, breaking a hiatus of 29 trading days with no fresh fund injections.

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Jefferies Group LLC Chief Financial Officer Peg Broadbent Dies of Covid-19

Condoling the death of its 56-year-old CFO, Jefferies Financial Group in a statement said, the company mourns Broadbent’s loss and it extends its 'deepest sympathies' to his family.

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Sun Pharma Shares Drop 7.7% as Halol Facility Gets ‘OAI’ Classification by USFDA

Sun Pharma on Sunday informed stock exchanges that its Halol plant has been classified as ‘Official Action Indicated’ (OAI) by the USFDA after a December 2019 inspection.

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Rupee Slips 32 Paise to 75.21 Against Dollar in Early Trade Amid Coronavirus Scare

Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown.

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Oil Plummets to 17-Year Low as Coronavirus Ravages World, Kills Over 34,000

The falls came after the death toll from the pandemic surged past 34,000 as cases in hard-hit Europe and the United States showed no sign of letting up.

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