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The Cupertino, California-based iPhone maker added that its first priority is employee and customer safety.(Reuters file photo)

Covid-19: Apple stores in US keep Mask mandate as company evaluates measures

Bloomberg | | Posted by Harshit Sabarwal
UPDATED ON MAY 15, 2021 09:07 AM IST
All of Apple’s retail stores have required the wearing of masks throughout the pandemic, and some locations have been operating on a limited basis, such as by appointment only.
Walmart was one of the first retailers to mandate masks last July.(Reuters file photo)
Walmart was one of the first retailers to mandate masks last July.(Reuters file photo)

Covid-19 in US: Walmart to allow vaccinated shoppers, workers to go maskless

AP | | Posted by Harshit Sabarwal, Bentonville
PUBLISHED ON MAY 15, 2021 05:37 AM IST
Workers, however, will need to answer “yes” to a vaccination question in a daily health assessment in order to go maskless, the company said in a memo to employees posted on its corporate website.
The highest levels in the government have taken note of these cases(Reuters)
The highest levels in the government have taken note of these cases(Reuters)

Arbitration victors push for recovery

Livemint | By Gireesh Chandra Prasad, New Delhi
PUBLISHED ON MAY 15, 2021 03:54 AM IST
  • Two separate cases to enforce arbitration awards—one initiated by British oil firm Cairn Energy Plc and the other by three Mauritius-incorporated entities in their dispute with Indian government-owned Antrix Corp.—are at different stages in courts.
Dependence on the commodity is particularly high for the packaged snacks industry, said Basu.(REUTERS)
Dependence on the commodity is particularly high for the packaged snacks industry, said Basu.(REUTERS)

Soaring palm oil prices trigger inflation worries

Livemint | By Suneera Tandon, New Delhi
PUBLISHED ON MAY 15, 2021 03:49 AM IST
  • Palm oil prices have more than doubled in the past year. India, the world’s biggest consumer of the edible oil, imports most of its requirements from Indonesia and Malaysia.
Big Bazaar’s two-hour home delivery service started with Mumbai, Bengaluru and Delhi in April, and has now been extended to 150 cities.(MINT_PRINT)
Big Bazaar’s two-hour home delivery service started with Mumbai, Bengaluru and Delhi in April, and has now been extended to 150 cities.(MINT_PRINT)

Big Bazaar’s home delivery biz picks up in tier-II cities

Livemint | By Suneera Tandon, New Delhi
PUBLISHED ON MAY 15, 2021 03:47 AM IST
  • Ongoing restrictions in several states have spurred demand for home deliveries.
Merchandise exports rose at a record 195.7% to $30.63 billion in April(Bloomberg)
Merchandise exports rose at a record 195.7% to $30.63 billion in April(Bloomberg)

Exports, imports stay robust despite Covid-19 curbs

Livemint | By Asit Ranjan Mishra, New Delhi
PUBLISHED ON MAY 15, 2021 03:44 AM IST
  • This jump, however, comes over the low base of last year when India entered a nationwide lockdown that disrupted supply chains, impacting both imports and exports.
A GoAir Airbus A320neo passenger aircraft is parked at the Airbus factory in Blagnac near Toulouse.(REUTERS)
A GoAir Airbus A320neo passenger aircraft is parked at the Airbus factory in Blagnac near Toulouse.(REUTERS)

GoAir files for IPO, looks to raise up to 3,600 crore

Livemint | By Rhik Kundu, New Delhi
UPDATED ON MAY 15, 2021 03:40 AM IST
  • GoAir, which has rebranded itself as GoFirst, aims to raise funds through the sale of new shares, according to its draft red herring prospectus (DRHP) filed with the Securities Exchange Board of India, a copy of which has been reviewed by Mint.
Employees enter a Wipro Ltd. office building in the Electronic City area of Bengaluru (Bloomberg file photo).
Employees enter a Wipro Ltd. office building in the Electronic City area of Bengaluru (Bloomberg file photo).

Wipro appoints Zurich Insurance CEO Tulsi Naidu as independent director

PTI | | Posted by Karan Manral
PUBLISHED ON MAY 14, 2021 10:18 PM IST
Naidu, Zurich Insurance's CEO for Asia Pacific, will serve on Wipro's board for five years, effective July 1, 2021, the Bengaluru-based company said on Friday.
Overall consumer sentiment is negative due to the second wave of the pandemic raging across the country and lack of liquidity.(Bloomberg)
Overall consumer sentiment is negative due to the second wave of the pandemic raging across the country and lack of liquidity.(Bloomberg)

Akshaya Tritiya: Jewellers see just 10% of pre-Covid sales

PTI | , New Delhi
PUBLISHED ON MAY 14, 2021 09:23 PM IST
In a normal year, the industry does business of 25-30 tonnes on Akshaya Tritiya, but this year, it expects a maximum of 3-4 tonnes of sales as offline sales have been badly impacted.
"We raised some money in January and we are in talks with folks who are quite interested to invest money," Koo co-founder Aprameya Radhakrishna said.(Getty images)
"We raised some money in January and we are in talks with folks who are quite interested to invest money," Koo co-founder Aprameya Radhakrishna said.(Getty images)

Koo in talks to raise funds, hopes to close a deal in 3-4 months

PTI | , New Delhi
PUBLISHED ON MAY 14, 2021 04:19 PM IST
Koo, which has over the past few months seen a massive surge in user base in the country, is looking at raising "more than what was raised in the last round".
Amazon announces plan to hire 10,000 more employees in UK by year-end (Reuters)
Amazon announces plan to hire 10,000 more employees in UK by year-end (Reuters)

Amazon announces plan to hire 10,000 more employees in UK by year-end

Bloomberg | | Posted by Karan Manral
PUBLISHED ON MAY 14, 2021 02:39 PM IST
The exercise will take Amazon's total headcount in the United Kingdom to 55,000. The jobs will be in corporate offices across London, Manchester, Edinburgh and Cambridge.
ICICI Securities, Citigroup Global Markets India and Morgan Stanley India are the lead book running managers for the IPO.(Reuters)
ICICI Securities, Citigroup Global Markets India and Morgan Stanley India are the lead book running managers for the IPO.(Reuters)

Indian budget carrier GoAir files for 3,600 crore-IPO

Reuters | , Bengaluru
PUBLISHED ON MAY 14, 2021 02:38 PM IST
The company's offering may also include further share issues worth up to 15 billion rupees, according to the filing.
The scheme will be available to JioPhone users who have not been able to recharge due to the ongoing pandemic, Reliance said in a statement.(REUTERS)
The scheme will be available to JioPhone users who have not been able to recharge due to the ongoing pandemic, Reliance said in a statement.(REUTERS)

JioPhone users to get 300 minutes of free outgoing calls per month in pandemic

PTI | , Mumbai
UPDATED ON MAY 14, 2021 02:15 PM IST
Reliance Jio is the first company to announce free talk time for users in the second wave of pandemic wherein many states have imposed lockdowns or lockdown-like restrictions as a desperate measure to restrict the spread of the virus.
Representational Image. (HT archive)
Representational Image. (HT archive)

Fuel prices rise for 11th day, petrol up by 1.94/lt and diesel by 2.22/lt

By Rajeev Jayaswal
UPDATED ON MAY 14, 2021 12:36 PM IST
With the latest price revision on Friday, the eighth hike since May 4, fuel rates broke yet another record by taking pump prices of petrol to 92.34 per litre and diesel to 82.95 a litre in the national Capital
On Wednesday, the rupee had settled at 73.42 against the American currency.
On Wednesday, the rupee had settled at 73.42 against the American currency.

Rupee opens on flat note, rises 6 paise to 73.36 against US dollar

PTI | , Mumbai
PUBLISHED ON MAY 14, 2021 10:35 AM IST
At the interbank foreign exchange, the domestic unit opened at 73.41 against the dollar, then inched 6 paise higher to 73.36 against the American currency.
Gold, Silver and other precious metal prices in India on Friday, May 14, 2021 10:01:21 IST
Gold, Silver and other precious metal prices in India on Friday, May 14, 2021 10:01:21 IST

Indian spot gold rate and silver price on Friday, May 14, 2021 10:01:21 IST

By HT Analytics
PUBLISHED ON MAY 14, 2021 10:02 AM IST
Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Friday, May 14, 2021 10:01:21 IST
Sensex opens flat on global cues; Nifty above 14,700(Reuters)
Sensex opens flat on global cues; Nifty above 14,700(Reuters)

Sensex drops over 150 points in early trade; Nifty below 14,650

By hindustantimes.com, Mumbai
PUBLISHED ON MAY 14, 2021 09:21 AM IST
The 30-share BSE index was trading 158.99 points or 0.33 per cent lower at 48,531.81.
Billionaire Jack Ma’s fintech giant contributed nearly 7.2 billion yuan to Alibaba Group Holding Ltd.’s earnings, a company filing showed Thursday.(REUTERS)
Billionaire Jack Ma’s fintech giant contributed nearly 7.2 billion yuan to Alibaba Group Holding Ltd.’s earnings, a company filing showed Thursday.(REUTERS)

Jack Ma’s Ant posted $3.4 billion profit after IPO halt

Bloomberg |
PUBLISHED ON MAY 14, 2021 06:46 AM IST
The company’s affiliate Alibaba reported its first loss in nine years, vowing to hike spending for expansion next year in technology and community commerce.
Vitalik Buterin, the 27-year-old founder of Ethereum, made the donation to the India Covid Crypto Relief Fund.(Bloomberg)
Vitalik Buterin, the 27-year-old founder of Ethereum, made the donation to the India Covid Crypto Relief Fund.(Bloomberg)

Ethereum founder donates $1 billion to help Covid-hit India

Livemint | By Prasid Banerjee, New Delhi
PUBLISHED ON MAY 14, 2021 04:12 AM IST
  • Buterin, who founded the second-largest cryptocurrency in the world after Bitcoin, made the donation to the India Covid Crypto Relief Fund, run by Indian crypto entrepreneur Sandeep Nailwal.
West Bengal finance minister Amit Mitra(HT_PRINT)
West Bengal finance minister Amit Mitra(HT_PRINT)

GST shortfall may exceed 1.56 lakh crore due to Covid wave: Amit Mitra

By Rajeev Jayaswal, Hindustan Times, New Delhi
UPDATED ON MAY 14, 2021 12:15 PM IST
  • Mitra added that due to the second wave and lockdowns, the compensation would be much higher than what was projected earlier
Only Rajasthan borrowed more than last year.(MINT_PRINT)
Only Rajasthan borrowed more than last year.(MINT_PRINT)

State govt borrowings dip in FY22

Livemint | By Gopika Gopakumar, Mumbai
PUBLISHED ON MAY 14, 2021 04:05 AM IST
  • Twelve states and one Union territory borrowed a total of 37,200 crore during April and May, Care Ratings said in a May 13 report, against 22 states and one Union territory which borrowed 81,005 crore in the same period last year.
Each CP had a monetary component attached to it.(Bloomberg Photo)
Each CP had a monetary component attached to it.(Bloomberg Photo)

CPPIB’s plan to buy SoftBank’s stake in SB Energy called off

Livemint | By Utpal Bhaskar, New Delhi
PUBLISHED ON MAY 14, 2021 04:00 AM IST
  • SoftBank was planning to sell its entire 80% stake in SB Energy, which has a 7.7 gigawatts (GW) solar power portfolio in India, for an estimated $525 million.
GoAir reported a net loss of <span class='webrupee'>₹</span>1,278.60 crore in 2019-20 versus a net profit of <span class='webrupee'>₹</span>123.34 crore in 2018-19, according to latest figures from the ministry of corporate affairs.(MINT_PRINT)
GoAir reported a net loss of 1,278.60 crore in 2019-20 versus a net profit of 123.34 crore in 2018-19, according to latest figures from the ministry of corporate affairs.(MINT_PRINT)

Ahead of IPO, Wadia group rebrands GoAir as GoFirst

Livemint | By Rhik Kundu, New Delhi
UPDATED ON MAY 14, 2021 05:53 AM IST
  • The rebranding comes at a time when a second wave of Covid-19 has led to a drastic reduction in air passenger traffic.
The ESIC receives around <span class='webrupee'>₹</span>16,745 crore a year on account of this statutory deduction.(Mint Archive)
The ESIC receives around 16,745 crore a year on account of this statutory deduction.(Mint Archive)

India Inc gets relief through ESIC, EPFO

Livemint | By Prashant K Nanda, New Delhi
PUBLISHED ON MAY 14, 2021 03:51 AM IST
  • The labour ministry has decided to offer flexibility to industries to submit Employees State Insurance Corporation (ESIC) deductions and contributions for April by mid-June, giving them a liquidity boost of 1,400 crore.
Connaught Place wears a deserted look during the ongoing lockdown imposed to curb the spread Covid-19, in New Delhi.(PTI)
Connaught Place wears a deserted look during the ongoing lockdown imposed to curb the spread Covid-19, in New Delhi.(PTI)

Retail repayments show signs of stress amid Covid-19

Livemint | By Shayan Ghosh, Mumbai
PUBLISHED ON MAY 14, 2021 03:47 AM IST
  • Lenders saw higher cheque bounces in Apr, showing distress among borrowers
Finance minister Nirmala Sitharaman (@FinMinIndia)
Finance minister Nirmala Sitharaman (@FinMinIndia)

Sitharaman hands over keys to homebuyers as SWAMIH Fund completes first project

By hindustantimes.com | Edited by Karan Manral, New Delhi
UPDATED ON MAY 13, 2021 10:10 PM IST
Union finance minister Nirmala Sitharaman on Thursday virtually handed over keys to 640 homebuyers under the central government’s ambitious ‘SWAMIH’ initiative, which completed its first project, the Mumbai-based Rivali Park Wintergreen.
Reserve Bank of India
Reserve Bank of India

RBI cancels licence of West Bengal-based United Cooperative Bank

PTI |
PUBLISHED ON MAY 13, 2021 09:53 PM IST
  • "As per the data submitted by the bank, all the depositors will receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC)," the Reserve Bank of India said in a statement.
Google's cloud business accounts for about 7% of its total revenue, as of the latest earnings report. REUTERS/Arnd Wiegmann/File Photo(REUTERS)
Google's cloud business accounts for about 7% of its total revenue, as of the latest earnings report. REUTERS/Arnd Wiegmann/File Photo(REUTERS)

Google wins cloud deal from Elon Musk's SpaceX for Starlink internet service

Reuters |
PUBLISHED ON MAY 13, 2021 08:32 PM IST
  • SpaceX will set up ground stations within Google's data centers that connect to the Starlink satellites, enabling fast and secure internet services via Google Cloud
Rajesh Agrawal, who is also the co-chair of the Labour Friends of India (LFIN) diaspora representative group of the Opposition Labour Party, arrived in London in 2001(Xendpay)
Rajesh Agrawal, who is also the co-chair of the Labour Friends of India (LFIN) diaspora representative group of the Opposition Labour Party, arrived in London in 2001(Xendpay)

India-born Rajesh Agrawal re-appointed London's deputy mayor for business

PTI | , London
PUBLISHED ON MAY 13, 2021 07:02 PM IST
Rajesh Agrawal also committed himself to the agenda on Thursday and made a pledge to focus on a “fairer and greener recovery” for the UK capital from the coronavirus pandemic.
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