Borosil announces COVID-19 relief for employees, their families

In the event of an employee losing life due to COVID-19, Borosil will take care of the education of his/her children till their graduation.

Aluminium prices rise 0.85% to Rs 194.95 per kg on strong demand, bullish outlook

In the futures market, aluminium for May delivery touched an intraday high of Rs 195.30 and a low of Rs 193.35 per kg on the MCX.

Crude oil falls 1% to Rs 4,763/barrel on weak China data, rising coronavirus cases

Rising virus cases, mixed economic data from major economies and the prospect of higher supply from OPEC and Iran are weighing on crude oil prices.

IDFC cuts saving interest rate from 6% to 4%: Here are some banks offering highest interest rates on saving accounts

Depending on the account, the minimum average quarterly balance (AQB) varies. The AQB must be Rs 5,000 and Rs 50,000 in urban areas for Standard Savings Account and Premium Savings Account respectively.

Exclusive | Gilead Sciences to send 1 lakh Remdesivir vials to India by next week to ease shortage

Consignment is part of 4.5 lakh vials that Gilead Sciences promised to donate to India. The remainder of the consignment will be dispatched in the coming weeks. The Central government will allot the drug to different States, based on demand.

Silver futures flat at Rs 67,600 per kg on muted global cues

Silver holdings in iShares ETF were unchanged at 17,650.65 tonnes. The fund NAV is trading at a discount of 0.53 percent.

Uber announces cash incentives for vaccinating 150,000 drivers

The company said in a statement, car, auto and Moto drivers on its platform showing valid digital vaccination certificates would be eligible for Rs 400 for each of their two Covid vaccine shots.

Natural gas futures firm at Rs 215.20 per mmBtu on lower inventory buildup

The momentum indicator Relative Strength Index (RSI) is at 65.70 which indicates upbeat movement in the prices.

Exclusive | COVID-19 second wave: Amid tussle between hospitals and insurers, 171,000 claims await settlement

The delays in clearing claims are primarily because of disagreements between hospitals and insurance companies over the claim amount and charges imposed. As of April 28, there were 1.1 million Covid-19 health claims worth Rs 15,568 crore filed with insurers. Of these, 930,729 claims worth Rs 8,918.57 crore have been settled.

Lockdown restrictions to hit auto sector; April sales may see double-digit decline

Motilal Oswal said their interaction with leading industry channel partners reflects caution.

Motherson Sumi Systems gets shareholders#39; nod for proposed group restructuring

In a statement, the company said for the NCLT convened meeting regarding the scheme of reorganisation, the voting results showed that 99.44 per cent of the non-promoter shareholders who voted, were in favour of the proposed restructuring.

Barclays disperses $1.4 million of COVID medical supplies in India

"We are very focused on India right now, which is our second biggest employee location," Chief Executive Jes Staley told reporters after the bank#39;s first quarter results.

Adani Vidya Mandir school in Ahmedabad to be converted into COVID-19 Care Centre, says Gautam Adani

The centre will have oxygen support and other medical amenities

South Asia Union | Isla Glaister: Support emerging leaders, connect changemakers to build peace in Asia

Peacebuilder and CEO of UK nonprofit The Business Plan for Peace, Isla Glaister offers solutions for peace in South Asia using lessons learnt from her experiences in Myanmar.

Cooling products see high demand due to pre-buying ahead of potential price hike

After the strong pre-buying in March, dealers are expecting the sales to moderate. Rising COVID-19 cases could further curtain the sentiments with consumers preferring to save more and opting for need-based purchases.

Weekly Tactical Pick – HCL Tech

Technology tailwinds to help the HCL Tech gain market share

Hamara Rahul Bajaj: As he rides into the sunset, the man who gave us Chetak, Priya, Kawasaki and the ubiquitous auto, leaves behind a rich legacy

Credited with making brand Bajaj a household name through the launch of blockbuster models such as the Chetak and Priya in the 1970s, Rahul Bajaj successfully steered the company through The Emergency, License Raj and Economic Liberalisation that began in the 1990s to maintain its position as one of India’s top two and three-wheeler makers

Ford Motor to donate 50 lakh surgical masks, 1 lakh N95 masks to help fight COVID-19 in India

The company further said Ford Fund is also donating USD 200,000 (around Rs 1.5 crore) to support organisations providing essential COVID-19 relief in India and Brazil.

Explainer: No ransomware silver bullet; task force recommends concerted diplomatic, legal and law enforcement

A public-private task force including Microsoft, Amazon, US National Governors Association, the FBI, Secret Service and Britain and Canada#39;s elite crime agencies on April 29 delivered to the White House an 81-page urgent action plan for an aggressive whole-of-government assault on ransomware.

Your wait for Maruti Suzuki car just got a bit longer

Nine-day production shutdown is set to hit delivery schedules; diversion of industrial oxygen by the plant for medical needs is partial trigger for closure

Wipro revises revenue guidance for Q1 FY22 to $2,324-2,367 million

Wipro has also revised its growth guidance seen at 8-10 percent from the earlier 2-4 percent, the report added.

Online fraud: SBI, ICICI Bank, Punjab National Bank caution customers

These days cyber criminals are using emails, QR code scanners and fake customer care callers as these are some major phishing tools and has advised customers to remain away from such things.

Cognizant to contribute $1.5 million towards fight against COVID-19 in India

Cognizant, which has about two lakh employees in India, is also providing an additional USD 2 million (about Rs 15 crore) in emergency funding to UNICEF in India to help address acute shortages in oxygen and deploying medical and testing supplies.

Veterans Unpacked | Gurcharan Das: #39;Make a life, not just a living#39;

#39;Have a purpose in life, and whether in Covid or normal times, retired or working, you’ll know what to do after breakfast each morning.#39;

SP 500, Nasdaq hit record highs at open on earnings boost

Apple Inc gained 1.0 percent after posting sales and profits ahead of Wall Street estimates, led by much stronger-than-expected iPhone and Mac sales.

IIL all set to roll out Bharat Biotech#39;s Covaxin drug substance by July-August

In an exclusive interaction with Moneycontrol, K Anand Kumar, Managing Director of IIL, told that the technology transfer process is well underway, and the company has the capabilities and expertise to manufacture inactivated viral vaccines at commercial scale and under biosafety containment.

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US economy grows 6.4% in January-March quarter: Govt

But business reopenings and increased spending also pushed prices higher, with a key inflation measure jumping 3.5 percent in the January-March period, compared to an rise of just 1.5 percent in the prior quarter, the Commerce Department reported.

Insurers will now have to authorise COVID-19 cashless claims within 60 minutes

A Delhi High Court order dated April 28 directed IRDAI to advise insurers to communicate their cashless approvals to hospitals within 30-60 minutes.

Gold price slips for 6th day to Rs 46,971/10 gm on firm rupee, bond yields

The broader range on COMEX could be between $1775- $1798 and on the domestic front, prices could hover in the range of Rs 47,000- Rs 47,550, said Damani.

TVS Motor steps on the investment pedal for electric vehicles

Company plans to sell its only electric two-wheeler, iQube, in more than 20 new cities. A substantial portion of the Rs 600-crore capex lined up for the year will be routed to EVs and emerging technologies, says CEO. Priced at Rs 1,20,000 in Bengaluru, the iQube clocks monthly sales of 250-300 units in the city.

Amid COVID chaos and protests, India#39;s farmers eye record wheat crop

Indian Farmers are on track to gather a record 109 million tonnes this year, posing more headaches for a government that some experts say underestimated the strength of rural anger.

Ageas Federal Life FY21 profit dips 20% to Rs 119 crore, total premium up 6%

The insurer, in a statement, said the growth was driven by a 24 percent YoY rise in individual new business premium to Rs 504 crore and a 4 percent YoY rise in renewal premium to Rs 1,327 crore.

Salesforce CEO Marc Benioff to send medical supplies to India

The CEO said that the company will be loading Boeing 787 with medical supplies and will land it in India next week. The 787 Dreamliner is Boeing#39;s most fuel-efficient plane.

Zomato IPO: Take a look at how much company#39;s top executives earned in FY2021

Food delivery platform Zomato is set to raise Rs 8,250 crore through an initial share sale. Take a look at the salaries of top employees in FY2021.

SBI earmarks Rs 30 crore to set up makeshift hospitals for COVID patients

The bank has already earmarked Rs 30 crore and is engaging with non-governmental organisations (NGOs) and hospital management for setting up medical facilities on an emergency basis for the treatment of COVID-19 patients, SBI Chairman Dinesh Kumar Khara told PTI.

Natural gas futures slide nearly 1% to Rs 218.80 per mmBtu on warmer weather

The commodity has been trading higher than 5, 20, 50, 100 and 200 days#39; moving averages on the daily chart. The momentum indicator Relative Strength Index is at 66.49 which indicates bullish movement in the prices.

The Exxon of Green Power: A Spanish company and its boss set sky-high goals

Iberdrola is now the world leader in combined wind and solar power outside China, according to Bernstein, a market research firm.

Byju’s in talks to acquire Great Learning, Gradeup for $400 million: Report

Conversations with both the companies have reached the post-term sheet stage and the deals could be closed by May, Entracker has said.

JSW Steel to supply 1,000 tons of liquid medical oxygen per day from April 30

Responding to the surge in demand for LMO,the company has ramped up production and would commence supply of 1,000 tons per day from April 30, it said in a statement on Thursday.

Vedanta pledges Rs 150 crore to help India fight against COVID-19

"Anil Agarwal...has pledged Rs 150 crore to help the country in its fight against the rapidly spreading second wave of COVID-19," Vedanta said.

No child left behind: Come 2023, schools will no longer rank students merely on marks scored in exams

The Education Ministry wants schools to promote multi-disciplinary education by having a 50-50 balance of academics with other activities such as sports, literature, martial arts, music and dance. Students will be assessed on aspects such as their participation in extra-curricular activities, inter-school competitions, sporting prowess and basic etiquette. Classroom interactions will also be closely monitored.

Panchayats bar sale of soft drinks, ice-creams in villages over COVID-19 fear: Report

Panchayats have also curtailed opening hours of shops in many villages and barred the entry of outsiders.

IIT Bombay pilots technology to convert nitrogen into oxygen

This is being done by fine-tuning the existing Nitrogen Plant setup and changing the molecular sieves from Carbon to Zeolite.

Steel Strips Wheels bags orders worth Rs 25 crore from US, Europe

The export orders of over 170,000 wheels for US and EU are for caravan trailer market, US mobile home and US Truck trailer markets, SSWL said in a regulatory filing.

Goldman Sachs commits additional $10 million to support COVID relief efforts in India

The US-headquartered firm will provide support for frontline health facilities in cities such as Bengaluru, Hyderabad, Mumbai and New Delhi, including ongoing vaccination efforts through the help, an official statement said.

Indian markets dangerously resist virus resurgence

Fund managers have turned net sellers of local equities after six months of inflows. The benchmark Nifty 50 just had its best day in almost a month, however, and the MSCI India Index is up over the period too.

Axis Bank board approves re-appointment of Amitabh Chaudhry as MD CEO

"The board of directors of the bank.. considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the Managing Director and CEO of the bank, for a further period of 3 years, with effect from January 1, 2022 up to December 31, 2024," Axis Bank said in a regulatory filing.

In pics | Here are top 25 companies in India for professional growth, as per LinkedIn

The platform said in a blog post that these 25 companies help employees build a professional foundation that sets them up for success both at the company and beyond.

Syngene targets delivering 500,000 vials of Remdesivir in India as COVID-19 surges

"At the moment we are operating at near maximum capacity (to produce remdesivir)," Chief Executive Officer Jonathan Hunt told Reuters on Wednesday.

Roche seeks emergency use approval of antibody cocktail to treat COVID-19 patients

The company on Wednesday said that it is also working urgently to increase manufacturing capacity and supply by ramping up our own production network, as well as actively collaborating with external partners to maximize production of Actemra (Tocilizumab) wherever possible with the goal of increasing its availability.