Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

The Airbus A-320 from Lahore to Karachi was 15 nautical miles from the Jinnah International Airport, flying at an altitude of 10,000 feet above the ground instead of 7,000 when the Air Traffic Control (ATC) issued its first warning to lower the plane's altitude, Geo News quoted an ATC report as saying.

Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

The pilot of the Pakistan International Airlines (PIA)'s crashed plane ignored three warnings from the air traffic controllers about the aircraft's

Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

The pilot of the Pakistan International Airlines (PIA)'s crashed plane ignored three warnings from the air traffic controllers about the aircraft's altitude and speed before the landing, saying he

Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

The Airbus A-320 aircraft from Lahore to Karachi was 15 nautical miles from the Jinnah International Airport in Karachi, flying at an altitude of 10,000 feet above the ground instead of 7,000 when the Air Traffic Control (ATC) issued its first warning to lower the plane's altitude, Geo News quoted an ATC report as sayi

Crashed PIA plane's pilot ignored 3 warnings to lower altitude: Report

Pakistan News: KARACHI: The pilot of the crashed Pakistan International Airlines plane ignored three warnings from the air traffic controllers about the aircraft's a.

Crashed PIA plane's pilot ignored 3 warnings to lower altitude

The pilot of the Pakistan International Airlines (PIA)'s crashed plane ignored three warnings from the air traffic controllers about the aircraft's altitude and speed before the landing, saying he was satisfied and would handle the situation, according to a report on Monday. The national flag

PIA crash: Crashed Pakistan plane's pilot ignored 3 warnings to lower altitude

The claim is being made based on an ATC report seen by Geo News

Pakistan plane crash: Crashed PIA plane’s pilot ignored 3 warnings to lower altitude, says report

The probe team, headed by Air Commodore Muhammad Usman Ghani, President of the Aircraft Accident and Investigation Board, is expected to submit a full report in about three months.

Crashed Pakistan plane's pilot ignored 3 warnings to lower altitude: Report

Crashed Pakistan plane's pilot ignored three warnings from the air traffic controllers about the aircraft's altitude.Instead of lowering the altitude, the pilot responded by saying that he was satisfied

Crashed Pakistan plane’s pilot ignored 3 warnings to lower altitude: Report

The report said that the plane had enough fuel to fly for two hours and 34 minutes, while its total flying time was recorded at one hour and 33 minutes.

Pilot of PIA flight ignored 3 warnings to lower altitude before Pakistan crash: Report

Pakistani investigators are trying to find out if the PIA crash is attributable to a pilot error or a technical glitch.

Crashed Pak plane's pilot ignored 3 warnings to lower altitude: Report

Crashed Pak plane's pilot ignored 3 warnings to lower altitude: Report. Instead of lowering the altitude, the pilot responded by saying that he was satisfied. When only 10 nautical miles were left till the airport, the plane was at an altitude of 7,000 feet instead of 3,000 feet, it said. The ATC issued a second warning to the pilot to lower the plane's altitude. However, the pilot responded again by stating that he was satisfied and would handle the situation, saying he was ready for landing, the report said.

PIA plane crash: Ayaz Sadiq extends condolences to martyred pilot's family

PIA plane crash: Ayaz Sadiq extends condolences to martyred pilot

In Pictures: Basking on the beach in bank holiday sunshine

Sun-seekers seized the opportunity to top up their tans.

In Pictures: Basking on the beach in bank holiday sunshine

Sun-seekers seized the opportunity to top up their tans.

In Pictures: Basking on the beach in bank holiday sunshine

Sun-seekers seized the opportunity to top up their tans.

In pictures: UK heads outdoors for bank holiday sunshine

Beaches and beauty spots prove a draw for families and friends in the sunny weather as lockdown eases.

UK crowds enjoy May sunshine as lockdown eases – in pictures

As coronavirus restrictions ease across the UK, people have been flocking to parks and beaches to make the most of the warm weather

China says opposes all U.S. restrictions on Chinese airlines

China said on Monday it opposes all U.S. restrictions imposed against Chinese airlines, responding to a report that the U.S. Transportation Department has demanded Chinese carriers file their schedules and other flight details by May 27. Chinese foreign ministry spokesman Zhao Lijian said flight restrictions

China says opposes all U.S. restrictions on Chinese airlines

BEIJING (Reuters) - China said on Monday it opposes all U.S. restrictions imposed against Chinese airlines, responding to a report that the U.S. Transportation Department has demanded Chinese carriers file their schedules and other flight details by May 27.

Beijing Opposes All US Restrictions on Chinese Airlines, Foreign Ministry Says

The statement comes in response to a report that the US Transportation Department ordered four Chinese airlines to file their schedules by 27 May. The American...

China protests America's coronavirus restrictions on its airlines

The US government late on Friday accused the Chinese government of making it impossible for US airlines to resume service to China

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

MEXICO CITY (Reuters) - The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly related to vehicle and autoparts manufacturing.

Nissan says preparing to gradually restart Mexico operations

The automaker will begin with vehicle and autoparts manufacturing activities

Germany Will Take Lufthansa Stake in Landmark $9.8 Billion Bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro ($9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Germany will take Lufthansa stake in landmark US$9.8B bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro (US$9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Lufthansa's US$9.8 billion bailout bogged down in talks with EU

Germany’s 9 billion-euro (US$9.8 billion) bailout of Deutsche Lufthansa AG is being slowed by discussions meant to ensure the rescue plan receives swift European Union approval once it’s finalized, people familiar with the matter said.

Easing Europe confident of avoiding coronavirus lockdown sequel

Armed with mass testing and tracing capabilities, a growing number of European countries are expressing confidence that they can avoid a return to economically-devastating coronavirus lockdowns. While most European countries failed to contain the coronavirus outbreak when it reached them in February

Easing Europe confident of avoiding coronavirus lockdown sequel

BRUSSELS/WARSAW (Reuters) - Armed with mass testing and tracing capabilities, a growing number of European countries are expressing confidence that they can avoid a return to economically-devastating coronavirus lockdowns.

Govt’s wheat procurement surpasses last year’s level of 34.1 million tonnes despite COVID-19 hurdles

In Punjab, every farmer was allotted specific spaces earmarked for dumping of stocks and no one else was allowed to enter those areas.

Govt’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles

In a statement, the food ministry said the overall wheat procurement has touched 34.15 MT as on May 24 in the current marketing year, surpassing last year's figure of 34.13 MT.

Govt's wheat procurement surpasses last year's level of 34.1 million tonnes despite COVID-19 hurdles

Wheat procurement target has been set at 40.7MT for the 2020-21 marketing year. Although the wheat marketing year runs from April-March, the bulk of procurement is normally done in the first three months.

India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News

New Delhi: The government’s wheat procurement so far in the 2020-21 marketing year has surpassed the last year’s 34.13 million … India’s wheat procurement surpasses last year’s level of 34.1 mn tonnes despite COVID hurdles | Economy News Read More »

Wheat procurement surpasses last year's level of 34.1 MT despite hurdles

Wheat procurement target has been set at 40.7 million tonnes (MT) for the 2020-21 marketing year

Wheat procurement surpasses last year’s target

:A spectacular 55 per cent increase in wheat procurement in Madhya Pradesh as compared to the previous rabi marketing season has helped government agencies to surpass the total procurement of 341.3 la

French carmaker Renault could close plants and cut jobs: union

PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.

French carmaker Renault could close plants and cut jobs, says union

PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...

Major industries, govt agencies owe about Rs 5 lakh crore in outstanding dues to MSMEs: Nitin Gadkari

Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore in outstanding payments to MSMEs.

Major industries, govt agencies owe about Rs 5 lakh crore in outstanding dues to MSMEs: Nitin Gadkari

India Business News: Union minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore

Dues to MSMEs at Rs 5 lakh cr: Nitin Gadkari

Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore in outstanding payments to MSMEs.

PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days

Govt is exploring new financial institutions to support MSMEs: Nitin Gadkari

The government is exploring new financial lending institutions to support small-scale units in terms of financial support, said Union Minister for MSME.

Confusion, jitters as Indian domestic flights resume

Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes.

Confusion, jitters as Indian domestic flights resume

Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers

Confusion, jitters as Indian domestic flights resume

New Delhi: Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes.

Confusion, jitters as Indian domestic flights resume

Airlines in India scrap dozens of flights and hundreds of passengers cancel their bookings on Monday, May 25, amid confusion over quarantine rules

Confusion, jitters as domestic flights in India resume

Domestic flights resumed in India on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among ...

"Idea Of Flying Really Scary": Jitters As Domestic Flights Resume

Domestic flights resumed in the country on Monday even as coronavirus cases surge, while confusion about quarantine rules prompted jitters among passengers and the cancellation of dozens of planes.

Bharti Telecom to sell $1 bn stake in Airtel through block deal

Bharti Telecom to sell $1 bn stake in Airtel through block deal

IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco

Bharti Telecom to sell $1 bn stake in Airtel

 Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds

Bharti Airtel Promoter Said To Plan $1 Billion Fundraising To Become Debt Free

Bharti Telecom plans to sell 2.75% equity stake, equivalent to 150 million shares, at a floor price of Rs 558 apiece.

Bharti Airtel promoter to raise USD 1 billion through equity

Bharti Telecom to raise ₹7,600 cr through block sale of Airtel shares

Promoters plan to sell 2.75% stake

HDFC March Quarter Profit Falls 22% To Rs 2,233 Crore, Board Announces Rs 21 Dividend

HDFC Ltd Q4 Results: The mortgage lender said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore.

HDFC Q4 profit drops 22 pc to Rs 2,233 crore, declares dividend of Rs 21 per share

HDFC Q4 profit drops 22 pc to Rs 2,233 crore, declares dividend of Rs 21 per share: Housing Development Finance Corporation (HDFC) on Monday reported 22 per cent fall in net profit at Rs 2,233 crore for the January to March quarter.. Get all latest entertainment & viral stories on english.lokmat.com

HDFC Q4 results: Profit drops 22% YoY to Rs 2,233 crore; firm announces dividend of Rs 21 per share

Profit fell as dividend income received during the quarter was mere Rs 2 crore.

HDFC profit falls 22% to Rs 2,233 crore in March quarter

HDFC board announced a dividend of Rs 21 per share for FY20.

US company trials coronavirus vaccine in Australia

A U.S. biotechnology company announced on Tuesday the start of human trials in Australia of a vaccine for the coronarvirus with hopes of releasing a proven vaccine this year.

US company trials coronavirus vaccine in Australia

CANBERRA, Australia — A U.S. biotechnology company announced on Tuesday the start of human trials in Australia of a vaccine for the coronarvirus with hopes of releasing a proven vaccine this year. Novavax has begun the first phase of the trial in which 131 volunteers in the cities of Melbourne and Brisbane will test the …

US company trials coronavirus vaccine candidate in Australia

CANBERRA, Australia (AP) — A U.S. biotechnology company began injecting a coronavirus vaccine candidate into people in Australia on Tuesday with hopes of releasing a proven vaccine this year. Novavax...

Coronavirus Vaccine Launches Study in Australia and the USA

Novavax identified NVX‑CoV2373 as its lead SARS-CoV-2 vaccine candidate following pre-clinical testing

Lufthansa says Germany approves stabilization package

FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.

Germany's Scholz: Lufthansa rescue package should yield 'small profit' for state

BERLIN (Reuters) - Germany’s rescue package for flagship carrier Lufthansa (LHAG.DE) is a “very, very good solution” that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on Monday.

Lufthansa has good prospects for future: German ministries

BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.

Factbox: EU recovery fund - the battle lines

BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.

EU watchdog hopeful most banks can absorb €380bn pandemic hit

Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority

CREDAI writes to PM Modi, seeks immediate relief for sector

Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis

Coronavirus | CREDAI writes to PM, seeks immediate relief for realty sector

The industry body has pitched for additional institutional funding, waiver of penal interest and customer-centric tax treatment of real estate, among others.

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi

The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.

Food inspection agency says variety of vegan chocolate bars contains milk

OTTAWA — The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.

Food inspection agency says variety of vegan chocolate bars contains milk

The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.

Food inspection agency says variety of vegan chocolate bars contains milk

The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.

Food inspection agency says variety of vegan chocolate bars contains milk

The agency says the allergen alert was prompted by consumer complaints

Food inspection agency says variety of vegan chocolate bars contains milk

OTTAWA - The Canada Food Inspection Agency has issued a warning that a brand of vegan chocolate bars actually contains milk.The agency put out the allergen

Bengaluru: BMTC introduces flat-fare system, bus fares to start from Rs 5 now

BMTC has been facing flak right from the first day of operations post-lockdown for its new contactless ticketing system. Commuters and citizen activists had pointed out that the daily passes worth Rs 70 were not feasible for those travelling short distances.

Bengaluru: Operation of BMTC buses to be increased to 3,500; new bus fares start from Rs 5

Apparently to make up for the losses it had suffered during the lockdown, the BMTC had stopped selling the bus tickets from one destination to another and sold only the bus passes of ₹70 each, which people had opposed. The move comes days after BMTC faced flak for forcing travellers to buy daily passes worth Rs 70 for

BMTC introduces flat bus fare system in Bengaluru to replace daily passes; system aimed at minimising contact during travel

The BMTC's new flat fare system will minimise contact in buses during travel amid the coronavirus pandemic

India and Israel join forces to develop rapid testing system to fight Coronavirus

India News: NEW DELHI: India and Israel have decided to join forces to develop rapid testing systems that can conduct Covid-19 tests at under a minute, in the hig.

India and Israel join hands to fight COVID-19 with AI

2.4 lakh subsidised Tirupati Laddus sold in AP on day-one

About 2.4 lakh 'Tirupati laddus' of the hill shrine of Lord Venkateswara at Tirumala near here were sold on the first day of sales at subsidised price in headquarters of 12 districts in Andhra Pradesh on Monday, a temple official said.

2.4 lakh subsidised Tirupati Laddus sold in AP on day-one

Observing all COVID-19 guidelines in the presence of local government machinery, the devotees queued up at TTD marriage halls and TTD Information Centres for the sacred prasadam.

Lufthansa, German government agree on rescue package: Report

The German government and the management of flagship carrier Lufthansa, which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, German

Lufthansa, German govt agree on rescue package amid travel slump: Report

Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid

Germany's Scholz: Government agreed on Lufthansa bailout package worth €9 billion

German Finance Minister Olaf Scholz announced on Monday that the government agreed on a €9 billion bailout package for Lufthansa. "It's a very, very g

Moving production lines out of China is uneasy

Taiwan-based electronic component supply chain makers have come under pressue to move production lines out of China in the wake of the US-China trade war and coronavirus pandemic, but they have claimed relocation is not easy mainly because of the high cost incurred.

Is the heat making you uneasy? These diet changes can help

The body's temperature needs to be regulated, because it is possible to be dehydrated even when you are not walking out in the heat.

More than 1,000 pubs have an interest in FBD ‘test case’, court told

Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown

‘Over 1,000’ pubs have interest in Covid-19 insurance test case

Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown

Book sales soar as French lockdown eases

Even so, overall, sales were 60 percent down compared the corresponding period in 2019.

Book sales soar as French lockdown eases

A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock up while public libraries remained shut.

Book sales soar as French Covid-19 lockdown eases

PARIS, May 25 — Book sales in France have soared since the country began to ease its lockdown, rocketing more than 230 per cent in a week, a survey showed today. A study for the trade weekly Livres Hebdo found that from May 11 to 17 bookshops did a roaring trade, with readers desperate to stock...

Here Is Where To Find The Best Memorial Day Sales 2020

Who doesn't love a good sale? This holiday weekend, retailers all over are giving away huge discounts on products you'll love. Hurry now to check out some of the best deals for beauty, fashion, and home & tech products!

Memorial Day sale alert: the Apple Watch 5 hits lowest price ever at Best Buy

One of the best deals we've seen in the Memorial Day sale event, you can get the all-new Apple Watch 5 on sale for $299 at Best Buy.

Woman who spent months lovingly nurturing plant makes hilarious discovery

A woman who decided to research the species of plant she had been watering and feeding for 'months' shared the results on Facebook to give other gardeners 'a good laugh'

Government allows private jets, charter flights on domestic routes

India Business News: The ultra rich can once again jet around the country in their luxury private or charter aircraft. The aviation ministry from Monday allowed domestic a

Day 1: Chaos, disappointment and relief as domestic flights resume

India News: NEW DELHI: It was a day of mixed emotions as domestic passenger flights finally took off after a gap of nearly two months amid the coronavirus-induced.

Mum buys vending machine and gets kids to pay for their snacks with pocket money

But healthy snacks are free.

As lockdown starts opening up, sales of immunity boosting foods double; FSSAI issues guidelines

Sales of immunity-boosting foods have shot up by an estimated 20-40%. Online searches for such products have gone up six-fold, with ayurvedic home remedies, giloy and vitamin C dominating, according to a report by Google.

Nepal to widen scope of COVID-19 testing as cases surge: PM K P Sharma Oli

Nepal on Monday registered its highest single-day spike in the coronavirus cases with 79 new infections, taking the total COVID-19 tally to 682 in the country.

China condemns US blacklisting dozens of its firms

China condemned the U.S. adding 33 Chinese entities to a trade blacklist, a move that risks potential retaliation from Beijing as tensions between the world’s two-biggest economies deteriorate further.

China’s Foreign Minister: Strongly condemn US blacklisting 33 of its entities

China’s Foreign Ministry is out with a statement on Monday, noting that it strongly condemns US blacklisting 33 of its entities. Additional quotes “Ve

Dozens of Chinese companies added to US blacklist in latest Beijing rebuke

The blacklisted companies focus on artificial intelligence and facial recognition, markets that US chip companies such as Nvidia Corp and Intel Corp have been heavily investing in.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

TORONTO — Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange. The S&P/TSX composite index was up 151.79 points at 15,065.43. U.S.

Lufthansa says Germany approves stabilization package

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent

Sberbank: The Downside Is Limited

As Russia’s flagship bank, Sberbank already felt the pain of the virus, as its Q1 earnings results showed a staggering decline in its profits. Nevertheless, Sbe

USD/JPY: Downside potential is limited

The USD/JPY pair trades around 107.70, unable to attract investors after Japan announced it will lift the state of emergency in all the country, Valer

N.L. launches $25-million program to support tourism sector hit by COVID-19 pandemic

Small and medium-sized tourism operators can apply for one-time funding contributions of $5,000 or $10,000, depending on their gross sales

German government agrees €9B Lufthansa bailout

The deal still needs to be approved by the European Commission’s competition team.

72 per cent professionals wish to continue WFH, 80 per cent believe it will impact air quality: Survey

Another 85 per cent agreed that WFH saved substantial man hours by eliminating commute time. However, as cities reopen partially and news cycles report traffic congestion, how business will complete this transition remains to be observed.

CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs

he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds

Punjab, MP lead the way as wheat procurement tops last year's level

The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.

Home appliances remain immune to Covid, lockdown relaxation boosts demand

28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey

US tech execs have dumped $3.6 billion in company stock this month

Top execs from Facebook, General Electric, Cloudflare, and Activision all have sold small fortunes worth of stock this month.

Qualys: Revenue Guidance Appears Choppy But Valuation Reasonable

Qualys reported Q1 revenue growth of ~15% which was slightly ahead of expectations with operating margins showing strong expansion. Management provided 2020 rev

Insider Weekends: Moderna Executives Go On A Selling Spree

Insider buying decreased significantly last week. Notable Insider Buys: Mercury General Corporation, Cortexyme, Inc., New Mountain Finance Corporation, Berkshir

Precious Metals: Panic Buying Is Unsustainable

Herding behavior can sustain rallies, but the extreme in PMs is unsustainable. Gold rallies hardest when it garners the least attention. Physical buying indicat

Memorial Day 2020: Save up to $179 on DJI Osmo Pocket and Osmo Action & Charging Kit

Memorial Day 2020: Save Up to $179 on DJI Osmo Pocket and DJI Osmo Action & Charging Kit During the Ongoing Summer Sale. Action Sold Out

Fandom appoints Zirca Digital Solutions as a media partner for the Indian market

Zirca will work toward maximising Fandom’s advertising revenue potential, build the brand’s presence, as well as expand its pool of demand partners

CBIC clears Rs 11,052 cr GST refund claims since April 8

The CBIC had earlier asked its field officers to avoid asking for physical submission of documents from entities who are claiming GST and Customs refunds and instead use official email for all communication.

Fire at Noida Authority office, several files gutted

Noida Authority CEO Ritu Maheshwari has constituted a five-member team, headed by the Additional CEO, to ascertain the cause of the fire.

Buying health insurance plans: How existing and new policyholders are impacted in times of COVID-19

The average policy seeker in a post-COVID-19 world might be more mindful about health insurance as a concept as compared to the one in a pre-COVID-19 era.

Tencent is buying 20% stake in Marvelous

News has emerged this morning from Bloomberg that Chinese firm Tencent is buying a 20 percent stake in Japanese developer Marvelous. Marvelous is behind recent hits like Daemon X Machina and Story …

Tencent Becomes Biggest Shareholder in Game Company and Anime Producer Marvelous

Tencent has become Marvelous’s biggest shareholder, reports Bloomberg.

Waste segregation units crop up on banks of Vrishabhavathi again

They allegedly burn waste at night, and also dump it along the banks of the river

A Bishkek Florist's Generosity Blossoms Amid The Pandemic

Salamat Baktybek-Kyzy has been saving the profits from her florist business in Bishkek, Kyrgyzstan, in order to buy herself a prosthetic leg. But when orders collapsed amid the COVID-19 lockdown, she decided to start donating flowers for free.

B.C. residents can now reserve a provincial campsite for a stay starting June 1

Campsite reservations will only be available to British Columbians

British Columbians can book a provincial campsite starting today

British Columbians will now be able to reserve a campsite at many -- but not all of -- B.C.'s provincial parks.

Efforts underway to get food from U.S. farms to the needy | Honolulu Star-Advertiser

OMAHA, Neb. >> As food banks have struggled to meet soaring demand from people suddenly out of work because of the coronavirus pandemic, it has been especially troubling to see farmers have to bury produce, dump milk and euthanize hogs.

IDFC First Bank’s senior management takes 10 per cent pay cut in FY21

With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The

IDFC FIRST Bank’s senior management takes 10% pay cut

IANS New Delhi IDFC FIRST Bank’s senior management has volunteered to take a 10 per cent pay cut for the financial year 2020-21 amid the coronavirus cri

Lufthansa secures €9b German state rescue deal, say airline, government

FRANKFURT AM MAIN, May 25 — Berlin and coronavirus-stricken airline giant Lufthansa agreed today on a nine-billion-euro (US$9.8 billion) rescue package subject to approval by shareholders and competition authorities, the company and Germany’s economy ministry said. “Before the coronavirus...

CMCO: Roadblocks throughout Malaysia tightened despite no attempts at interstate travels, says Bukit Aman

KUALA LUMPUR, May 25 — There were no attempts by highway users to make interstate travels on the second day of the Hari Raya Aidilfitri celebrations, said Bukit Aman Traffic Investigation and Enforcement Department director Datuk Azisman Alias. “Most of the vehicle movements were within the...

France promises ‘significant’ pay hikes for health workers

PARIS, May 25 — Prime Minister Edouard Philippe said today that health workers would soon get hefty pay increases as part of an overhaul of France’s hospital system in response to the coronavirus crisis. “I can say without any ambiguity, the increase will be significant,” Philippe said...

Malls lose Rs 90k cr in 2 months: SCAI

IANS New Delhi The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to t

Malls Lose Rs 90,000 Crore in 2 Months, SCAI Seeks Adequate Relief

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

Life insurance firms record 45% degrowth in April, but post-COVID future bright

Insurance sector will face headwinds in Q1 FY20 due to the coronavirus pandemic, However, CARE Ratings said that insurance space will record strong performance, especially digitally going forward

Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer

Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.

Office supply wholesaler Spicers Ireland is rescued from liquidation

The sale of the business includes the trade and stock and will see Paragon Group take assignment of the lease of the Spicers Ireland depot at Citywest in Dublin. Picture: iStock

Engineers want the Government to increase spending to stimulate the economy

The Government needs to take advantage of the low cost of borrowing for capital projects to increase spending and stimulate economic recovery, the new President of the Association of Consulting Engineers of Ireland (ACEI) has said.

UK, Nigeria pledge to sustain trade relations amid CoVID-19

With Covid-19 continuing to affect supply chains, trade and global investment flows, the United Kingdom and Nigeria authorities have pledged commitment

Mexico's monthly trade deficit hits $3 billion due to virus

Exports in Mexico fall by more than 40% in April 2020, while imports are down 30%

U.S. urges probe into alleged ethics breach by African Development Bank

A letter shows United States Treasury Secretary Steven Mnuchin expressed 'deep reservations' about the outcome of an internal inquiry clearing African Development Bank chief Akinwumi Adesina

EANS-Adhoc: AMAG Austria Metall AG: Change of dividend proposal to EUR 0.50 per share

Dividend Announcements/Distribution 25.05.2020

USD/CHF struggles to find direction, trades above 0.9700

The USD/CHF pair is fluctuating in a 30-pip range on Monday amid thin trading conditions. As of writing, the pair was trading in the middle of its thr

USD/CHF surrenders early gains to 1-week tops, still comfortably above 0.9700

The USD/CHF pair struggled to capitalize on its early uptick to one-week tops and now seemed headed back to the lower end of its daily trading range.

S&P 500 Price Analysis: US stocks en route to the 3000 mark and beyond

After the February-March crash, the S&P 500 has been recovering a great part of its losses. The index is pressuring the May’s highs above the 100 SMA on the d

AUD/JPY Price Analysis: Aussie parked above the 70.00 figure vs. Japanese yen, bullish

AUD/JPY is trading off 2.5-month highs at the start of the trading week. The market rebounded above the 70.00 support level while above its main SMAs. Buyers w

China hits out at US for blacklisting firms

China condemned the US for adding 33 Chinese entities to a trade blacklist, a move that risks potential retaliation from Beijing as tensions between the world’s two-biggest economies deteriorate furth

In steepest fall since 2003, processing of crude slumps 29%

India’s crude oil processing in April slumped by 28.8 per cent from a year ago, its biggest drop since at least 2003, as a nationwide lockdown weighed on fuel demand and forced refiners to cut product

Time to hike edible oil import duties: SEA

As India’s 2010 pact with Malaysia and Indonesia came to an end, the Solvent Extractors Association of India (SEA) on Monday said the government should hike Customs duty on soya, sunflower and crude p

Heat wave drives Delhi’s peak power demand to season high of 5,268 MW

Expected to touch last year’s peak of 7,409 MW by July: Tata Power-DDL

States pitch for maximum permissible use of Consolidated Sinking Find

Some States complain that despite easing of rules, the RBI has approved for smaller quantum of funds

ILO expresses deep concern at ‘suspension’ of labour laws

Appeals to Modi to uphold international commitments

Home, auto loan borrowers top beneficiaries of moratorium relief

SurabhiEven as the Reserve Bank of India announced extension of the moratorium on term loans by another three months till August 31, industry data reveal that auto and home loans are the major segment

COVID -19: Anambra reduces 2020 budget size by N24.3b

Anambra State government has reduced the size of its 2020 budget from N137.2 billion to N112.8 billion due to the adverse effect on the economy by the ravaging coronavirus pandemic.

COVID-19: Over N10 billion approved for health intervention grants - CBN

Mr Okorafor said the applications covered two broad categories under the COVID-19 intervention programmes in the healthcare sector.

Rushed Log Legislation Deserves The Chop

Federated Farmers and the Forest Owners Association are joining forces to condemn the Log Brokers Bill as a Trojan horse to potentially force farmers and foresters to subsidise local processing industries from reduced export earnings.

Crashed Pakistan plane's pilot ignored 3 warnings: Report

Crashed Pakistan plane's pilot ignored 3 warnings: Report

Singapore Reports 344 COVID-19 Cases in 24 Hours, Nationwide Tally at 31,960

Singapore is gearing up for the end of its "circuit breaker" period next week, Channel News Asia reported on Monday.

Hundreds test positive for coronavirus at meatpacking plant in Brazil

SAO PAULO, May 25 (Reuters) - Hundreds of meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday, amid global concerns about the pandemic disrupting food supplies. Brazilian meatpacker BRF said in a statement that nearly 340 people, or 6.6% of workers, at its Concórdia plant in Santa Catarina state had tested positive for the virus.

Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)

Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]

Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)

Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]

Fiera Capital Corp Sells 307 Shares of Aptiv PLC (NYSE:APTV)

Fiera Capital Corp trimmed its holdings in Aptiv PLC (NYSE:APTV) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,935 shares of the auto parts company’s stock after selling 307 shares during the period. Fiera Capital Corp’s holdings in Aptiv […]

Fiera Capital Corp Sells 618 Shares of Diageo plc (NYSE:DEO)

Fiera Capital Corp lowered its stake in Diageo plc (NYSE:DEO) by 9.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,822 shares of the company’s stock after selling 618 shares during the period. Fiera Capital Corp’s holdings in Diageo were worth $741,000 as […]

Fiera Capital Corp Grows Position in salesforce.com, inc. (NYSE:CRM)

Fiera Capital Corp lifted its holdings in salesforce.com, inc. (NYSE:CRM) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,677 shares of the CRM provider’s stock after buying an additional 175 shares during the period. Fiera Capital […]

Fiera Capital Corp Decreases Position in Canopy Growth Corp (NYSE:CGC)

Fiera Capital Corp reduced its stake in Canopy Growth Corp (NYSE:CGC) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,751 shares of the marijuana producer’s stock after selling 783 shares during the period. Fiera Capital Corp’s holdings in Canopy Growth […]

Fiera Capital Corp Invests $847,000 in Keysight Technologies Inc (NYSE:KEYS)

Fiera Capital Corp acquired a new stake in shares of Keysight Technologies Inc (NYSE:KEYS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,125 shares of the scientific and technical instruments company’s stock, valued at approximately $847,000. Other institutional […]

Report reveals Pak pilot ignored three altitude warnings before crashing

PTI Karachi The pilot of the Pakistan International Airlines (PIA)’s crashed plane ignored three warnings from the air traffic controllers about the air

UPDATE: Power restored to 1,700 Lake Country customers

Roughly 1,700 homes now have power in Lake Country after an outage this morning.An object on a power line caused the outage east of Pelmewash Parkway, accor

Cross-Border Investing: The Most Active US-Based VCs in Africa

Africa’s evolution to cross-border investing has been interesting, but more so, challenging for Venture Capitalists. Traditionally, VCs pump money into businesses and geographies they understand, while tending to be skeptical about businesses in emerging markets. Concerns around regulatory risks, regional stability, market size, distance from their headquarters which increase oversight costs, all have at one point made it difficult to get U.S-based VCs on board.  A decade back, only a few for-profit early-stage investors were attracted to Africa,  with citations of  “a slim picking away from social investing.”  The playing field was therefore left to non-profits and social-focused investors. However, the arrival of specialized funds led by development finance institutions such as the International Finance Organization (IFC), Acumen, and Overseas Private Investment Corporation (OPIC), has slowly transformed early-stage company financing across the continent to include top-tier VC investors from the U.S. Similarly…

MTN and Airtel Uganda re-introduce 50% discount on Person to Person and Mobile Wallet to bank transactions – Techjaja

MTN and Airtel Uganda will effective from 26th May 2020, re-introduce a 50% discount to standard tariffs for 30 days on all Mobile Money an