DMart resilient in Q4FY20; tough road ahead

• Even as March quarter results have been robust despite the covid-19 disruption, management commentary on the near future is cautious and that could well cap the gains in the stock, going ahead

HDFC Q4 net falls to ₹2,233 crore, declares ₹21/share dividend

• The board of HDFC also approved a dividend of ₹21 per share.

Live updates: Domestic air travel in India starts after 2 months

• Andhra Pradesh and West Bengal will not restart domestic flights from today
• The number of incoming passenger commercial flights to Chennai is restricted to 25 per day

Mint Covid Tracker: Deaths cross 4,000 mark, cases set to top 150000 in two days

Maharashtra, the worst-affected state, now has over 50,000 coronavirus cases, with nearly 41 percent of all deaths in the country so far

For Reliance Retail’s JioMart, private labels are the way to go

The launch of JioMart comes at a time online grocers are seeing explosive demand given the movement curbs during the nationwide lockdown

'Don't know what to do': Domestic flights restart hits chaos and cancellations

• New restrictions at major airports, including Mumbai and Chennai, forced airlines to scramble late on Sunday to revise schedules
• The confusion will make it even harder for airlines to recover from the impact of a two-month lockdown

Salman Khan launches personal care brand Frsh

• The brand has been co-created by Scentials Beauty Care and Wellness, co-founded by former tennis professional Mahesh Bhupathi
• The Frsh sanitisers are 72% alcohol-based and available on its official website

Domestic flights resume today: Read state-wise protocols you should follow

• Andhra Pradesh and West Bengal will not immediately restart domestic flights
• States such as Maharashtra have only allowed a few flights each day from Mumbai airport

Bajaj Allianz offers loan against life insurance policy: All you need to know

• Relatively low interest rates and hassle-free loan approval are key benefits of this loan against life insurance policy facility
• The application for availing loan will be less cumbersome as the company already had all the necessary details of the customers

India among 10 worst countries in COVID-19 cases, 11 areas account for 70% cases

• India overtook Iran to become the 10th biggest hotspot of coronavirus infection worldwide
• India recorded nearly 7,000 cases in last 24 hours

Coronavirus cases in India reach 1.38 lakh, nearly 7,000 new cases in 24 hours

• The number of deaths in India due to coronavirus infection has crossed 4,000
• Maharashtra became the first state in India to confirm over 50,000 coronavirus cases

Filmmakers to go vocal for local

• Citing issues of limited cash flows and paranoia around travelling abroad, filmmakers said shooting in small, contained sets within India seems a feasible option for now
• No producer would want to take risks till the situation seems under control, even if restrictions on flying abroad are lifted

Worker exodus raises wage cost

The exodus of the migrant labour, estimated at 25% of the population in big cities, has affected business across the board

Understand the risks before investing in fixed maturity plans

• Investors should be cautious about FMPs as covid-19-driven economic disruption threatens to cause further defaults.
• Due to their FD-like nature, FMPs are prone to mis-selling.

CBSE exams to be held at 15,000 centres across India: HRD Minister

• The class 10, 12 exams will now be conducted at over 15,000 exam centres across India
• Earlier, CBSE was slated to hold exams at only 3,000 centres

Back home, migrant workers reel under multiple challenges

Inside villages of the dry and arid Bundelkhand region, very few people are washing hands or wearing masks

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

'Indians soar in the skies again,' tweets aviation minister Hardeep Singh Puri

• All health protocols were being followed by officials for both the arriving as well as departing air passengers
• International commercial passenger flight services remain suspended in India

5-year-old flies home alone, mother receives him at Bangalore airport

• Vivan Sharma went on a small holiday to Delhi to visit his grandparents in February
• The child's mother who came to receive her son said, 'My 5-year-old son has travelled alone from Delhi. He has come back to Bengaluru after 3 months'

Deposits key to banks’ marginal lending rate cuts

RBI has cut the repo rate by 250 basis points to 4% between February 2019 and last Friday, but this has not translated into banks cutting the interest rates on their loans

Employees' Provident Fund (EPF): 3 reasons why you might earn less this year

• Several rules related to EPF withdrawal and deposits have been changed during the coronavirus pandemic
• As interest rates fall, the EPFO might also declare a lower interest rate for PF account holders in FY 2020-21

Coronavirus cases rise to 13,418 in Delhi; Kejriwal says situation under control

• Most of the coronavirus patients in Delhi are asymptomatic or have mild symptoms
• Over 500 people tested positive in the national capital in last 24 hours

80 flights cancelled at Delhi airport, 9 flights cancelled at Bengaluru

• Earlier flight schedule was made for all airports including West Bengal, Maharashtra and Chennai
• Maharashtra has restricted flight movements to 25 takeoffs and 25 landings every day.

Ratan Tata-backed startup to produce over 3,000 mobile petrol pumps this year

• The mobile petrol pumps come with GPS and geo-fencing
• The Pune-based startup Repos Energy already has a fleet of 320 such vehicles

Supply disruption in China a great opportunity for India: USIBC's Nisha Biswal

• The amount of new spending in the economic relief package is relatively low, about 1-2% of India’s GDP, which is far lower than the stimulus packages announced in the US and other major economies

Covid-19 vaccine: India to begin clinical trials in 3-5 months

• India is working on 14 vaccines related to Covid-19
• The Indian government will provide financial support and regulatory clearance to those working on vaccines

Coronavirus patients not infectious after 11 days: Study

• So farabout 45% of the total 31,068 Covid-19 patients in Singapore have been discharged from hospitals and community facilities

One in every four in rural India unemployed, urban joblessness at 1-month low

• Rural unemployment rate has been growing for the last couple of weeks despite rural economy opening up gradually
• Economists believe despite the opening up of the economy, it will take time for unemployment situation to come back to the pre-covid time

Bengaluru airport: 17 departures, 5 arrivals and 9 cancellations today

• There have been 17 departures and five arrivals at Bengaluru's Kempegowda International airport on Monday till 9 am
• Passengers of Air India Bengaluru-Hyderabad flight said that their flight was cancelled, without prior notice from the airline

Covid-19 pandemic open doors for 4-day workweek

• After quashing coronavairus outbreak in less than 50 days, Ardern floated the idea of having a four-day workweek which has been implemented in some countries
• There are different models for the shortened week, some of which envision the same output condensed into fewer hours

When earthquake hit New Zealand, trains stopped but PM went on with TV interview

• New Zealand Prime Minister Jacinda Ardern maintained her cool during a live TV interview during an earthquake
• New Zealand sits on the Pacific Ring of Fire and is sometimes called the Shaky Isles for its frequent quakes

Alibaba-backed BigBasket eyes up to $200 million in new fundraise

BigBasket, which is eyeing a valuation of up to $2 bn, has asked Goldman Sachs and Morgan Stanley to help raise the funds

Bengaluru airport introduces 'contactless journey' to contain Covid-19

In order to contain coronavirus transmission among passengers and staff, the Bangalore International Airport Limited introduced the new feature of contactless journey right from pre-entry check to security check and boarding

Tax deduction benefit for medical expenses cannot be carried forward

A deduction is available under Section 80DD of the I-T Act to a resident taxpayer, if he has incurred expenditure for medical treatment, training and rehabilitation of a dependant parent, with disability