International Flights May Start “Even By Middle June”: Aviation Minister

International flight operations may start by mid-June or end-July if the COVID-19 virus "behaves in a predictable manner", Civil Aviation Minister Hardeep Singh Puri said Saturday afternoon, during an online discussion with the public to clarify norms governing "calibrated" restart of domestic flights...

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Structural reforms in 8 key sectors to boost economy, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Saturday announced the fourth tranche of the Rs 20 lakh crore economic stimulus package focussing on structural reforms in various crucial sectors of the Indian economy. The reforms will provide an impetus to those sectors which are new areas of growth, unleash...

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Trump threatens Apple; derails Modi’s plan to lure companies away from China to Make in India

In what can be a major setback for Prime Minister Narendra Modi’s ambitious plan to woo multinational companies away from China to make in India, US President has threatened companies such as Apple with tax deterrent if they do so.President Donald Trump requests PM Narendra Modi to release Hydroxychloroquine...

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Azim Premji is World’s 3rd Biggest Private Donor Towards COVID19: Forbes

According to the Forbes magazine list of top 10 private donations towards the fight of the coronavirus pandemic, India’s Azim Premji stands at the 3rd position with the donation of Rs. 1,125 crores. He is the only Indian to be featured on the list.The coronavirus pandemic that emerged first in the Wuhan...

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How Goa tourism plans to get back on its feet after lockdown

Goa will have to re-invent its tourism profile and go back to the pristine 1960s, to get the industry back on its feet, Tourism Minister Manohar Ajgaonkar said on Thursday.Speaking to reporters outside Chief Minister Pramod Sawant's official residence in Panaji, Ajgaonkar also said, that the state would...

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Air Arabia opens return ticket bookings to India, Pakistan, Middle East

The carrier has opened bookings for regular return flights to Mumbai, Delhi, Trivandrum, Karachi, Peshawar, Dhaka, Colombo, among other cities.UAE airlines are gearing up to resume normal return flight operations in May and June with low-cost carrier Air Arabia opening bookings for its regular return...

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Elon Musk’s bizarre tweet wipes $14 billion off Tesla market value in hours

Elon Musk may lose his job as Tesla chief executive as the carmaker's board, as well as the US Securities and Exchange Commission (SEC), must have taken into account his bizarre tweet that brought Tesla's market value down by $14 billion in hours.The tweet saying that Tesla stock was "too high" also...

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IT services companies to suspend hiring this year

Pai said IT companies would not hire more and they will suspend recruitment, except honouring commitments already made.India's information technology services industry would see hiring freeze this year and senior level staff taking a 20-25 per cent salary cut due to the adverse impact of the coronavirus...

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Facebook buys $5.7 billion stake in Reliance Jio: 5 things you should know about it

Facebook on April 22 announced that it was investing $5.7 billion in Reliance Jio.“Today we are announcing a $5.7 billion, or INR 43,574 crore, investment in Jio Platforms Limited, part of Reliance Industries Limited, making Facebook its largest minority shareholder,” Facebook wrote in a press release.The...

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Rupee falls to near record lows against the US dollar

The Indian rupee fell sharply to close near record lows against the US dollar amid broad-based strength in the American currency. A big selloff in domestic stock markets also weighed on the rupee. After opening at 76.74 per US dollar, the rupee hit an intraday low of 76.85 per USD, not far from its record...

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