India GDP Q4: At 4.2% GDP Growth Lowest in 11 Years But Better Than Expected | Explained in 10 Points

RBI Governor Shaktikanta Das said the economic growth in 2020-21 is likely to be in the negative territory as the "macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated".

India's GDP growth dips to 3.1 per cent in January-March 2020; 4.2 per cent for fiscal year 2019-20

According to data by NSO, the GDP had expanded by 5.7 per cent in the corresponding quarter of 2018-19.

GDP growth slows to 3.1% in Q4; fiscal deficit widens to 4.59% of GDP in 2019-20

Gross Domestic Product (GDP) 4th Quarter Data: The growth in GDP during 2019-20 is estimated at 4.2 per cent, slowing to an 11-year low, as compared to 6.1 per cent in 2018-19.

India's GDP Growth Slows To 3.1% In March Quarter, 4.2% For FY20

Output of eight infrastructure sectors contracted by 38.1% in April.

Covid-19 impact: India GDP growth slows to 3.1% in March quarter

Growth was 4.2% in the fiscal year through March 2020 as compared to 6.1% in FY19.The full impact of the lockdown on manufacturing and services will become more visible in the June quarter

India reports GDP growth for January-March quarter at 3.1%; 4.2% for FY20

India’s gross domestic product (GDP) growth slowed to 3.1 per cent in January-March quarter, official data showed on Friday.

Jan-March expansion at 40 quarter low of 3.1%, 2019-20 GDP growth at 11-year low of 4.2%

India Business News: The country’s economic growth in the January-March quarter of 2019-20 expanded at its slowest pace in 40 quarters at 3.1%, dragged down by the manufac

India's GDP growth dips to 3.1% in January-March 2020; 11-year-low of 4.2% in 2019-20

India's economic growth slipped to 3.1 per cent in the January-March quarter of 2019-20 showing impact of COVID-19 pandemic. The gross domestic product (GDP) had expanded by 5.7 per cent in the

GDP for 2019-20 Q4 plummets to 3.1%, full year growth at 4.2%

Data suggests that India's GDP growth in FY2019-20 slowed down to an 11-year-low of 4.2 per cent.

India GDP growth dips to 3.1 pc in Jan-Mar; 4.2 pc in 2019-20

The gross domestic product (GDP) had expanded by 5.7 per cent in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO) on Friday.

Q4 GDP data today: Why does the growth number matter to us?

Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.

India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy

In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter

Amid coronavirus outbreak India’s GDP growth slows to 3.1% in Jan-March quarter of FY20

India's GDP growth slows to 3.1% in January-March 2020: Govt data

India's GDP growth slowed to 3.1 pc in January-March 2020, Govt data showed on Friday. More details awaited

Congress Slams Centre Over Low GDP Growth In Last Quarter Of 2019-20

The Congress on Friday said the low GDP growth in the last quarter of 2019-20 is the result of the BJP government's failures, misplaced priorities and a telling commentary on its economic management.

GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus

GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by 4.2% in 2019-20 for year. The coronavirus lockdown will have more impact in June quarter.

India Q4 GDP data to be out today: Brokerages expect growth to reflect COVID-19 pain

Lockdown that began in last seven days of March is expected to have taken a toll on economic growth; economy is likely to have entered a recessionary phase with some agencies even estimating a contraction of over 5 per cent in FY21

March quarter GDP growth to show drastic fall; brace for worse in Q1FY21 print

A note by ICICI Bank stated the country's March quarter GDP growth may come to 1.5 percent year-on-year (YoY).

Q4FY20 GDP estimates out today: What's in store for India's economy

Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak. They also expect a sharp economic decline in upcoming quarters.

Covid-19 lockdown: FY21 GDP growth rate forecasts pose a big worry

However on the extreme ends, Bernstein pegged fall in the gross domestic product (GDP) at 7 per cent and Asian Development Bank projected GDP growth at 4 per cent

GDP data: Yet another huge knock for Modi govt's economic growth story

India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline

GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening

The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report

Crisis growing as GDP data signals weakening demand, growth impulses

India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.

GDP growth slows to 3.1% in Q4 FY20 but is this the final estimate? Govt caveat leaves room for revision

Growth in the last quarter of FY 2020 has been the slowest since the global financial crisis more than a decade ago.

Quarterly growth slides to 3.1 per cent, more pain feared

Worries centre around Covid surge, slow recovery

Early warning: Growth slows to 3.1 per cent in Q4 which had just one week of lockdown

The March quarter estimates dragged the overall GDP growth rate for 2019-20 to an 11-year low of 4.2 per cent, the provisional estimate released by National Statistical Office (NSO) on Friday showed.

What's the cost of Covid lockdown? Today’s GDP data will give an idea

To be sure, Indias growth was already at a six-year-low during the pre-lockdown period.

GDP numbers: Data collection affected due to COVID-19 outbreak, says government

The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.

Canada GDP in April fell a record 11% as COVID-19 shutters economy

Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.

Q4 GDP Highlights: Growth slows to 3.1%, hurt by lockdown, beats estimates; govt adds caveat

Q4 FY 2019-20 GDP growth estimates Highlights: India's economy grew at 3.1 per cent in Q4 of the last fiscal, beating street estimates.

GDP numbers reinforce belief that economy is headed for recession: Analysts

While estimates varied across brokerages and economists, the common thread that ran through the estimates was the fact that the economy is headed towards a recessionary phase

ET View: Even before Covid, economy was slumping

The government needs to fix the banks and create a functional bond market. This alone can raise the rate of investment. Gross fixed capital formation as a share of GDP was down to 26% in Q4 of 2019-20, and 26.9% for the year as a whole. Without raising it by six percentage points of GDP, India cannot shed its low growth trap.

Canada’s economy saw record decline in March, with worse numbers forecast for April

Statistics Canada says GDP fell 7.2 per cent in March; the agency is forecasting a decline of 11 per cent in April as COVID-19 lockdowns took hold

12-year low — and Before Covid

2019-20 economic growth tumbles to 4.2%

Agriculture, mining saved Indian economy in FY20, can it sustain COVID-19 assault?

The impact of COVID-19 on Indian economy is yet to unravel; the 2019-20 GDP estimates, thus, hide more than they reveal on the state of economy in 2020-21

French carmaker Renault to cut 15,000 jobs worldwide

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the

French carmaker Renault to cut 15,000 jobs worldwide

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.

Renault to cut 15,000 jobs

Carmaker Renault said on Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

Renault to cut 15,000 jobs

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.

French carmaker Renault to take extreme measures on costs, cuts 14,000 jobs

Top official admits that manufacturer had been spending way too much, plans 10% job cuts

French carmaker Renault announces 15,000 job cuts worldwide

Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global

French carmaker Renault announces 15,000 job cuts worldwide

PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.

French carmaker Renault announces 15,000 job cuts worldwide

The group's global production capacity will be revised from 4 million vehicles in 2019 to 3.3 million by 2024, the company said. "The difficulties encountered by the group, the major crisis facing the automotive industry and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation," it said in a statement.

French carmaker Renault announces 15,000 job cuts worldwide

Renault, the French carmaker announces its cost-cutting plan of over three years. Renault will have 15,000 job cuts worldwide

French Carmaker Renault Plans to Eliminate Nearly 15,000 Jobs Worldwide Amid Pandemic

Earlier, French President Emmanuel Macron said that authorities intend to send 8 billion euros to support the automotive industry.

Renault to cut 15,000 jobs in US$2.2b cost cutting plan

PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...

Renault to cut 15,000 jobs worldwide, including 4,600 in France: Sources

French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro cost-cutting plan over three years, sources said Thursday. The plan,

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce

Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan

Production capacity will be cut to 3.3m by 2024 from 4m vehicles currently

Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France

French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out…

Renault to cut 14,600 jobs worldwide and lower capacity

Cost reductions aimed at outlasting the downturn that has rocked the auto industry

Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs

Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.

Renault poised to announce 15,000 layoffs worldwide

The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.

Renault to slash about 15,000 jobs in €2bn cost-cutting plan

Carmaker eyes production cuts after fall in demand during coronavirus crisis

Renault is Macron’s problem champion

The troubled carmaker announced a radical restructuring program.

Renault to restructure French factories in high-stakes reboot plan

French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...

Renault poised to announce 15,000 layoffs worldwide: union

French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with ...

Renault announces nearly 15,000 job losses worldwide

Renault has announced nearly 15,000 job losses worldwide, including 4,600 in France in a €2 billion cost-cutting plan over three years.

Renault to restructure factories, confirms 15,000 job cuts

News News: PARIS: Carmaker Renault said on Friday it was launching talks with unions to restructure some French plants and potentially close others as it confirm.

Renault seeks to restructure French factories to slash costs

PARIS: Renault said on Friday it was launching talks with unions to restructure several French car plants, potentially leading to closures, as it confirmed plans to cut around 15,000 jobs worldwide. Faced with a slump in demand exacerbated by the coronavirus crisis, Renault is aiming to find €2 billion ($2.22 billion) in savings over the next three years as it hones in on key

Renault poised to announce 15,000 lay offs worldwide

Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.

Renault to restructure French factories in bid to slash costs

French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France ...

Renault staying in Formula One despite massive restructuring

Renault will stay in Formula One, interim Chief Executive Coltilde Delbos said on Friday after announcing the carmaker's restructuring measures including plans to cut 15,000 jobs worldwide. Renault's F1 future had been uncertain given the financial pressures on the French car giant and a slump in demand due to the COVID-19 pandemic. Renault finished fifth overall last season.

Coronavirus crisis: Renault to lay off 150,000 employees globally

The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France

French carmaker Renault announces 15,000 job cuts worldwide

Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global…

Chancellor Rishi Sunak to outline changes to furlough scheme

It comes after Boris Johnson announced a gradual easing of the lockdown in England.

Businesses Must Start Paying Towards Furlough Scheme From August, Chancellor Rishi Sunak Says

Changes to the Coronavirus Job Retention Scheme will enable businesses to bring back staff part time from July and introduce a taper requiring firms to contribute to...

Watch LIVE: Chancellor Rishi Sunak delivers update on furlough scheme

Watch the government's coronavirus daily public briefing.

Furlough latest - 3 announcements we're expecting from Chancellor Rishi Sunak today

On Friday, the Chancellor is expected to announce a raft of changes to the furlough scheme as the state subsidy is wound down for more than 8.4million workers

Analysis: Chancellor of the Exchequer Rishi Sunak takes his first steps towards an uncertain destination

Rishi Sunak has been a relatively rare breed among UK Government ministers during the coronavirus crisis to date, in that his reputation seems to have been enhanced rather than ruined.

Self-employed scheme extended as Chancellor details furlough changes

It comes after Boris Johnson announced a gradual easing of the lockdown in England, with friends and families able to meet in parks and gardens.

Coronavirus: Rishi Sunak urged by MPs to extend self-employed help

A group of 113 MPs and a 100,000-strong petition warn ending a support scheme would cause hardship.

Coronavirus furlough scheme to be gradually withdrawn, Sunak says – video

The UK furlough scheme will start changing from August, and it  will come to an end in October, Rishi Sunak has said

Rishi Sunak's easing of the furlough may be the start of a painful era

We don't know the effects the coronavirus will have on the wider economy, so we can't know what scaling back government support will have.

Sunak scales back furlough scheme as Covid-19 death toll reaches 38,161

British chancellor announces lower wage supports and plans to stem unemployment

Chancellor tells coronavirus briefing UK furlough scheme 'cannot continue indefinitely'

Chancellor Rishi Sunak has warned the coronavirus furlough scheme "cannot continue indefinitely". Hosting the Government's daily coronavirus briefing, Mr Sunak outlined a timeline for employers to start to help pay the wages of workers furloughed during the crisis. From October, employers will be expected to make up 20% of the wages of furloughed staff - while the government makes up the remaining 60%. The Chancellor also announced an extension to the Self-Employment Income Support Scheme that had been due to expire on Sunday.

Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies

Chancellor Rishi Sunak will declare that businesses should start taking some of the burden despite fears of a wave of redundancies.

Coronavirus: What changes have been announced to the furlough scheme and self-employed support?

Chancellor Rishi Sunak has announced new changes to the terms of the UK Government's support for workers and businesses during the coronavirus pandemic.

Chancellor extends coronavirus support for self-employed but for the final time

Rishi Sunak confirmed the scheme would not be coming to an end and that the self employed would be able to claim a grant for the second and final time

Coronavirus: Chancellor extends support for self-employed but warns of ‘hardship ahead’

Chancellor Rishi Sunak has extended support for self-employed workers and unveiled a new "flexible furlough" system for firms.

Two million jobs could be lost by changes to the furlough scheme, experts warn

BRITAIN will be hit by as many as two million job cuts if the chancellor makes cuts to the furlough scheme, experts have warned. Rishi Sunak is this afternoon expected to announce employers will ne…

Businesses told to start paying furlough bill from August

Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.

What do the new furlough rules mean for workers and businesses?

Chancellor Rishi Sunak has announced several changes to the furlough scheme.

UK helps employers with slow phase-in of job shield costs

British finance minister Rishi Sunak offered fresh help to employers hammered by the coronavirus shutdown on Friday in the form of a gradual phase-in of contributions from them to the government's costly wage subsidy scheme. The government has been paying 80% of the wages of some 8.4 million workers since…

Workers to start getting part of furlough payments from their companies

Chancellor Rishi Sunak announced that the self-employment support scheme has also been extended.

Chancellor Rishi Sunak to outline changes to furlough scheme

It comes after Boris Johnson announced a gradual easing of the lockdown in England.

Businesses told to start paying furlough bill from August

Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.

Businesses told to start paying furlough bill from August

Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.

Self-employed scheme extended as Chancellor details furlough changes

It comes after Boris Johnson announced a gradual easing of the lockdown in England, with friends and families able to meet in parks and gardens.

How important is Hong Kong to China as a free finance hub?

China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing.

How important is Hong Kong to China as a free finance hub?

While China has reformed its markets over the years, over 60% of foreign direct investment (FDI) into and out of China continued to be channeled through Hong Kong as of 2018, according to Morgan Stanley.

Stocks slip as markets await Trump’s Hong Kong response

Sino-US tensions outweigh optimism over re-opening.

Explainer: How important is Hong Kong to China as a free finance hub?

Explainer: How important is Hong Kong to China as a free finance hub?

Explainer: How important is Hong Kong to China as a free finance hub?

Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing

Explainer: How important is Hong Kong to China as a free finance hub?

HONG KONG (Reuters) - Bankers and investors fear China’s push to impose national security laws on Hong Kong threaten the city’s future as an international financial centre. If it gets to that stage, Beijing’s move will come at a cost for China’s economy.

Hong Kong stocks end week with more losses

HONG KONG, May 29 — Hong Kong stocks finished with more losses today as traders nervously await Donald Trump’s news conference, in which he will set out the US response to China’s plans to impose a security law on the financial hub. The Hang Seng Index fell 0.74 per cent, or 171.29 points, to...

Stocks slip as investors await Trump's Hong Kong response

LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.

Wall Street retreats ahead of Trump's response on Hong Kong

Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...

Battle for Hong Kong Is Shifting to City’s Financial Markets

The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.

Asian markets fall as new Chinese law puts Hong Kong’s future in doubt

Asian markets mostly fell in early trading Friday, ahead of a news conference by President Donald Trump regarding China.

Stocks rebound after Trump pulls his punches on China

S&P 500 ends higher after presidential press conference on Hong Kong security law

Asian Stocks Down as Investors Await Trump Action

Asian Stocks Down as Investors Await Trump Action

S&P 500 up in choppy action after Trump comments on China

Wall Street's main indexes fell on Friday as investors were on edge ahead of a U.S. response to China's national security law on Hong Kong that ...

US stocks erase losses, finish higher after Trump refrains from China sanctions

US stocks gained on Friday, reversing earlier losses, after President Donald Trump said he would take steps to revoke Hong Kong's preferential t...

Global stocks slip as markets await Trump's HK response

SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...

Equities drop as Trump lines up China response

HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...

Investors Skittish Ahead of Expected Sanctions on China

Wall Street is starting to feel the sting of U.S.-China tensions, as investors await President Trump’s announcement on potential sanctions later Friday.

US-China tension to push Asian shares lower in choppy trade

All eyes are now on Friday's press conference hosted by Trump where he will address his response to China over its treatment of Hong Kong.

Trump's move towards erasing HK privileges is 'recklessly arbitrary' - Global Times

U.S. President Donald Trump’s move towards erasing Hong Kong’s privileges is a “recklessly arbitrary” step, according to China’s Global Times newspaper said on Friday he was ordering his administration to begin the process of eliminating special treatment for Hong Kong to punish China for its plans to impose new security legislation there, a potential bombshell for the territory’s status as a global financial center.

Trump's move towards erasing HK privileges is 'recklessly arbitrary': Global Times

(Reuters) - U.S. President Donald Trump's move towards erasing Hong Kong's privileges is a "recklessly arbitrary" step, according to China's Global Times newspaper bit.ly/3chTbD7.

European stocks slide at open

European stock markets opened sharply lower Friday on simmering China-US tensions over Beijing's planned national security law for Hong Kong.

US Declaration Of (Cold) War

Stocks Analysis by Ed Yardeni covering: S&P 500, Dow Jones Industrial Average, ZTE Corp-H, S&P 500 Financials. Read Ed Yardeni's latest article on Investing.com

Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD

India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,

Capgemini's top executive Thierry Delaporte is new Wipro CEO

Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines

Capgemini’s Delaporte to take over as Wipro CEO and MD

Frenchman had spent 25 years with the consulting firm

Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD

Neemuchwala will step down as CEO on June 1 while executive chairman Rishad Premji will oversee day-to-day operations of the company until Delaporte takes over on July 6

Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director

Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.

Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO

Thierry Delaporte will take over effective July 6, replacing Abidali Z Neemuchwala. Wipro named Thierry Delaporte chief executive officer, recruiting … Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO Read More »

Wipro appoints Thierry Delaporte as new CEO and MD

Wipro's 3-month old leader hunt comes to an end

Wipro appoints Thierry Delaporte as CEO and MD

Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6.Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemi

Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June

Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.

After Infosys, now Wipro hires a Capgemini top executive as CEO & MD

Appoints French IT services firm's COO Thierry Delaporte for its top post

Wipro appoints Thierry Delaporte as CEO & Managing Director

Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio

Wipro gains over 6% after Co appoints Thierry Delaporte as new CEO and MD

Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.

Wipro shares up by nearly 4%, after appointment announcement of Capgemini exec, Thierry Delaporte

Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte

Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premjis choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.

Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD

Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.

Thierry Delaporte appointed as CEO and Managing Director of WIPRO

India's Wipro names new CEO; Thierry Delaporte to take over July 6

Thierry Delaporte to join from Capgemini and will be based in Paris

Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte

Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years

Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company

Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020

Thierry Delaporte, the first foreign CEO of Wipro, is no stranger to Indian IT

Delaporte, who joined Capgemini in 1995, through its acquisition of Sogeti, started with auditing. Soon, he led the finance operations for the company across regions outside of Europe. He moved to sales and later led Capgeminis Global Financial Services Strategic Business Unit before moving on to head the companys Latin American operations.

Who is Wipro’s new MD and CEO?

Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.

Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts

Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete

Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss

Information technology major Wipro has appointed Capgemini Chief Operating Office, Thierry Delaporte, as its new Chief Executive Officer (CEO) and Managing Director.

Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts

Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.

Wipro Shares Gain Over 2% On Appointment Of New CEO And Managing Director

Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.

Wipro shares jump 7 per cent on new CEO appointment

Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.

Wipro's new CEO: Can foreign executives succeed in Indian IT firms?

Wipro's peers TCS and HCL Tech have always placed faith in long-timers.

Google considering taking stake in Vodafone Idea: Report

A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.

Google could pick up stake in Vodafone Idea

A report in the Financial Times says Alphabet, Google’s parent company, is looking to buy 5 per cent stake in Vodafone's India business.

Google may pick 5% stake in Vodafone Idea

Google is considering acquiring a stake in Vodafone Group Plc’s struggling Indian business, the Financial Times reported, joining Facebook in investing in the world’s fastest-growing mobile arena. Google may take a stake of about 5% in Vodafone Idea, though the deliberations are at a very early stage, the FT cited people familiar with the matter as saying.

No proposal from Google, says Vodafone Idea

Vodafone Idea not considering any proposal from Google

On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.

Vodafone Idea shares zoom on Google stake buy reports

Telecom giant denies any such plans

Google mulls Vodafone Idea stake acquisition - report

Google plans to invest in Indian operator Vodafone India. The US giant seeks to acquire a 5 percent stake in Vodafone Idea, Financial Times reports, citing unnamed sources familiar with the matter. No financial details related to the planned transaction have been disclosed. 

Vodafone Idea dismisses report of Google buying stake

"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said

Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google

On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.

Vodafone Idea stock jumps 35% on report of possible stake sale to Google

Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt

Vodafone Idea issues clarification on reports of Google picking stake in company

Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before

Vodafone Idea: No proposal before Board on stake sale to Google, but evaluating various opportunities

The Financial Times had reported that Google was exploring to buy a 5% stake in Vodafone Idea.

Vodafone Idea shares up by 30% amid reports of Google investment

Vodafone Idea surges 35% on report Google eyeing 5% stake, trims gain later

The stock has been more-than-doubled from Rs 3.04 on April 1, as compared to a 13.4 per cent rise in the S&P BSE Sensex during the same period.

Vodafone Idea share price zooms 35% on report Google eyeing stake in telco

Share price of Vodafone Idea gained 35% to Rs 7.85 compared to the previous close of Rs 5.82 on BSE

Vodafone-Idea clarifies on reports of Google seeking to buy equity stake, here’s why the stock fell 15%

Cash-strapped telecom major Vodafone-Idea has clarified that its Board is currently not considering any proposal for investment in the comping, a day after The Financial Times reported that internet giant Google could pick up a 5% equity stake in the firm.

Vodafone-Idea share price jumps 15%, Google mulls 5% stake buy in cash-strapped telco

Struggling telecommunications firm Vodafone-Idea saw its share price jump 15% in the initial few minutes of trade on Friday as investors reacted to the news of internet giant Google considering a 5% equity stake buy in the company.

Google's 5 per cent investment would not provide relief to Vodafone Idea: Report

Google's 5 per cent investment, even if it materialises, would be inadequate to solve debt problems at Vodafone Idea, according to a Credit Suisse report.“While Google's investment into VIL wo

Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale

Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.

No proposal before board now, says Voda Idea on Google picking stake in co

The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.

Daily briefing: Satellite picks up Chinese artillery near LAC; Google mulls taking stake in Vodafone Idea

After Facebook bought a stake in Jio, now Google is looking to invest in Indian telecom. The Financial Times reported that it is eyeing the debt-laden Vodafone Idea.

Voda Idea jumps 35% on reports Google eyeing 5% stake in telco

For a 5 per cent stake, Google will have to shell out $110 million.

Aritzia Inc. 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Aritzia Inc. in conjunction with their 2020 Q4 earnings call.

Olympus Corporation 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Olympus Corporation in conjunction with their 2020 Q4 earnings call.

B.O.S. Better Online Solutions Ltd. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by B.O.S. Better Online Solutions Ltd. in conjunction with their 2020 Q1 earnings call.

iMedia Brands, Inc. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by iMedia Brands, Inc. in conjunction with their 2020 Q1 earnings call.

CIRCOR International, Inc. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by CIRCOR International, Inc. in conjunction with their 2020 Q1 earnings call.

Grupo Supervielle S.A. 2020 Q1 - Results - Earnings Call Presentation

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Lupin Ltd ADR 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Lupin Ltd ADR in conjunction with their 2020 Q4 earnings call.

Elekta AB (publ) 2020 Q4 - Results - Earnings Call Presentation

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Laurentian Bank of Canada 2020 Q2 - Results - Earnings Call Presentation

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Canadian Western Bank 2020 Q2 - Results - Earnings Call Presentation

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Modine Manufacturing Company 2020 Q4 - Results - Earnings Call Presentation

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DXC Technology Company 2020 Q4 - Results - Earnings Call Presentation

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Vipshop Holdings Limited 2020 Q1 - Results - Earnings Call Presentation

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Summit Wireless Technologies, Inc. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Summit Wireless Technologies, Inc. in conjunction with their 2020 Q1 earnings call.

KNOT Offshore Partners LP 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by KNOT Offshore Partners LP in conjunction with their 2020 Q1 earnings call.

Booz Allen Hamilton Holding Corporation 2020 Q4 - Results - Earnings Call Presentation

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AutoZone, Inc. 2020 Q3 - Results - Earnings Call Presentation

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ReneSola Ltd 2020 Q1 - Results - Earnings Call Presentation

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StoneCo Ltd. 2020 Q1 - Results - Earnings Call Presentation

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Hitachi, Ltd. 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Hitachi, Ltd. in conjunction with their 2020 Q4 earnings call.

Euroseas Ltd. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Euroseas Ltd. in conjunction with their 2020 Q1 earnings call.

BRP Inc. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by BRP Inc. in conjunction with their 2020 Q1 earnings call.

CD Projekt S.A. 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by CD Projekt S.A. in conjunction with their 2020 Q1 earnings call.

Tesla performance opens door to Elon Musk payday

NEW YORK, May 29 ― Tesla has hit financial marks that let its colourful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said yesterday. Musk has foregone a base salary in exchange for a shot at a fortune in deeply discounted...

Tesla performance opens door to Elon Musk payday

Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.

Tesla: Elon Musk qualifies for $770 million compensation

May 29 (UPI) -- Tesla announced in its Thursday filing with the Securities and Exchange Commission that founder Elon Musk has qualified for a compensation package worth some $770 million after the company reached certain growth goals.

Elon Musk just earned $780 million from Tesla — but there’s a catch

The monstrous compensation package for Tesla CEO Elon Musk is considered the largest of its kind in history, and it's starting to pay out.

Tesla CEO Elon Musk gets $700 million in first performance-based payout

Tesla has awarded its CEO, Elon Musk, with the first out of 12 performance-based payouts — and it’s worth over a whopping $700 million.

Elon Musk earns £625 million payday after Tesla hits targets

Tesla chief executive Elon Musk has seen his wealth boosted by £625 million after his company hit a number of performance targets.The electric car maker passed the milestones of a total market value of 100 billion dollars (£81 billion) and making 20 billion (£16 billion) in revenue for four quarters triggering the compensation package.A filing with the US Securities and Exchange Commission said Mr Musk can buy 1.69 million shares of Tesla for 350.02 dollars (£284.03), compared to its most recent closing price of 805.81 dollars (£653.93).It was not clear if Mr Musk, whose wealth is estimated at 39 billion dollars (£31.7 billion) by Forbes magazine, exercised the options.

Elon Musk earns £625 million payday after Tesla hits targets

It was not clear if Mr Musk, whose wealth is estimated at 39 billion dollars (£31.7 billion) by Forbes magazine, exercised the options.

Elon Musk earns £625 million payday after Tesla hits targets

Tesla chief executive Elon Musk has seen his wealth boosted by £625 million after his company hit a number of performance targets.

Elon Musk gets a $770 million award as Tesla hits goals

He can't sell the shares yet, though.

Elon Musk just cleared the first of 12 levels that end in a $55 billion payday. Here's how his elaborate Tesla compensation plan works.

Musk's compensation agreement with Tesla includes 12 "tranches" of stock options that become available only after certain goals are hit.

Inside Elon Musk’s extravagant array of mansions which the Tesla CEO is selling for more than $100m

INCREDIBLE pictures show inside the vast array of mansions which tech billionaire Elon Musk plans to sell for more than $100 million. The Tesla CEO, 48, who made the bulk of his fortune after co-fo…

Elon Musk earns performance-based Tesla payout worth $775M

Elon Musk is officially in the money. The Tesla CEO on Thursday became eligible to cash in on a controversial payday which could see him pocket more than $700 million. The electric automaker said in a

Elon Musk: “We Want to Be a Leader in Apocalypse Technology”

In the latest episode of "Lay Leno's Garage," Tesla CEO Elon Musk told Leno that "we want to be the leader in apocalypse technology."

Elon Musk Awarded $800 Million For Doing His Job

Elon Musk has taken Tesla, the world's largest electric vehicle manufacturer, for a wild ride in the last c...

Elon Musk vs. Bay Area officials: These emails show what happened behind the scenes in the Tesla factory fight

Emails detail what took place as Musk took public his fight with Bay Area officials and threatened first to reopen the factory without permission and then to...

'Elon Musk Is Not A Lunatic': Revisiting The Dawn Of SpaceX

With SpaceX’s historic private launch of astronauts into orbit, here is the first Forbes profile of Elon Musk from 2003, shortly after the company was founded—and five years before the first Tesla rolled off the line.

Tesla’s Musk earns $770M in stock options, company confirms

Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package

Should Tesla Start Advertising?

Tesla shareholders are scheduled to vote in July on whether or not the brand should start advertising product like every other automaker on the planet. It’s something the board and CEO Elon Musk have long resisted, and not without good reason. As a car brand, Tesla probably enjoys more free publicity than anyone else. Musk […]

State officials make case for Tesla over dinner

TULSA — Some state and local officials, including Gov. Kevin Stitt, got a chance to make their case for Tesla in Tulsa at a dinner in Florida this week with Elon Musk. Musk and the Tulsans were guests of National Aeronautics and Space Administration Administrator Jim Bridenstine for Wednesday’s planned launch of a SpaceX rocket carrying two NASA astronauts into space. The launch was postponed because of weather conditions, but the Tulsa delegation was able to make an in-person pitch to Musk for his new Tesla Cybertruck factory. Musk is the CEO and product architect of Tesla and founder of SpaceX. The Associated Press recently reported that Tulsa and Austin, Texas, were finalists for the new plant.

Tesla Model 3 = Top Selling Car in California

In somewhat of a surprise, for the first time ever, the Tesla Model 3 was the top selling vehicle in California last quarter. (Yes, there's a lot of irony there given the recent controversy between Tesla/Elon Musk and California, especially Alameda County.) The Model 3 is often in the top 5 in California, but decades-long leaders

Elon Musk earns £625 million payday after Tesla hits targets

It was not clear if Mr Musk, whose wealth is estimated at 39 billion dollars (£31.7 billion) by Forbes magazine, exercised the options.

Elon Musk earns £625 million payday after Tesla hits targets

It was not clear if Mr Musk, whose wealth is estimated at 39 billion dollars (£31.7 billion) by Forbes magazine, exercised the options.

Greece to open to tourists from 29 countries from June 15

Europe News: ATHENS: Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.

Greece to open to tourists from 29 countries from June 15

ATHENS (Reuters) - Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.

Greece to open to tourists from 29 countries in June

Greece has said it will open to visitors from 29 countries from 15 June, days before its peak tourism season begins, although Ireland is not on the list of countries.

Greece to allow visitors from 29 countries from June 15, but not UK

Greece listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic. The Greek Tourism Ministry said travellers from the permitted countries will be able to enter Greece on direct flights to Athens and to the northern city of Thessaloniki.

Greece: Tourists from 29 countries can fly in as of June 15

Greece on Friday listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic.

Greece to open airports to arrivals from 29 countries from June 15

Greece said Friday it would reopen its airports in Athens and Thessaloniki to arrivals from 29 countries from June 15, the start of the tourist season. Visitors would be allowed to fly into Greece from 16 EU countries, including Germany, Austria, Denmark, Finland, the Czech Republic, Baltic countries

Greece to open airports to arrivals from 29 countries from June 15

ATHENS: Greece said Friday it would reopen its airports in Athens and Thessaloniki to arrivals from 29 countries from June 15, the start of the tourist season. Visitors would be allowed to fly into Greece from 16 EU countries, including Germany, Austria, Denmark, Finland, the Czech Republic, Baltic countries, Cyprus and Malta, the tourism ministry said in a statement. But

Greece to allow visitors from 29 countries next month, but not UK

Greece on Friday listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic.

Greece to allow visitors from 29 countries next month, but not UK

The popular tourist destination was quick to impose a lockdown.

Greece open for travel from June 15th

The tourism ministry on Friday announced the list of countries for which Greece's borders will be "open" from June 15th, with flights permitted to land in

Greece will open its borders next month to holidaymakers from 29 countries

The Greek Tourism Industry has today listed 29 countries from which holidaymakers will be welcomed back to Greece next week as the country...

Greece to accept tourists from 29 countries from mid-June - but Ireland is not on the list

The Greek government imposed an early lockdown, which is credited with limiting the spread of Covid-19.

Greece will reopen to tourists from 29 countries beginning June 15, will conduct random testing

Greece will begin lifting its coronavirus lockdown for business and travel ahead of the peak summer tourism season, officials announced Friday.

Greece Will Welcome Tourists Back, But Not Americans

Visitors from nearly 30 countries can travel to Greece as early as June 15

Britain left off 'safe list' of countries free to holiday in Greece

UK fails to fit epidemiological profile demanded by Athens, which has kept Covid-19 in check

Greece bans Britons from going on holiday in the country when it reopens its borders on June 15 due to high level of UK coronavirus cases

While citizens of 29 other countries will be allowed to travel when Greece's airports reopen to tourists on June 15, the UK's number of coronavirus cases is still too high. Pictured, Mykonos.

Greece Will Open to International Tourists but Ban Travellers From Covid-19 Hotspots

The Greek government announced today that it will open up to international tourists from 29 different countries on 15 June, according to the English-language Greek news outlet Ekathimerini. People from countries with high infection rates for the coronavirus, including the US, UK, Sweden, Spain, and Brazil, will not be allowed to enter Greece.

Greece to allow visitors from 29 countries next month, but not UK

The popular tourist destination was quick to impose a lockdown.

Greece: Tourists from 29 countries can fly in as of June 15

Greece on Friday listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic.

Greece to allow visitors from 29 countries next month

Greece on Friday listed 29 countries from where it will accept visitors as of June 15 as the Greek government looks to mitigate some of the financial damage from the coronavirus pandemic.

COVID-19 pandemic: US consumer spending tumble in April

The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month.

Coronavirus depresses U.S. consumer spending in April

U.S. consumer spending suffered another month of record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression. The Commerce Department said on Friday consumer spending,

Coronavirus depresses U.S. consumer spending in April

WASHINGTON (Reuters) - U.S. consumer spending suffered another month of record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression.

Coronavirus depresses US consumer spending in April

WASHINGTON, May 29 — US consumer spending suffered another month of record decline in April as the Covid-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression. The Commerce Department said today...

Can government stimulus programs boost consumer spending?

The world has been experiencing an unprecedented economic downturn due to the COVID-19 pandemic. A significant number of economic activities have shut down, causing contractions in global output, as well ...

Government's stimulus program to boost consumer spending

The world has been experiencing an unprecedented economic downturn due to the COVID-19 pandemic. A significant number of economic activities have shut down. With increasing unemployment, economists are devising and proposing economic measures that could help ensure a sustainable increase in consumer spending and circumvent a long-term economic recession. However, whether the proposed economic measures are going to provide a long-term solution to these problems remains a concern.

US consumer spending sinks by record 13.6% in face of virus

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.

Report: Consumer spending falls 13.6 percent despite stimulus handouts

May 29 (UPI) -- Consumer spending fell 13.6 percent in April despite personal income and disposable personal income increasing, the Bureau of Economic Analysis said Friday.

Coronavirus sinks U.S. consumer spending; savings hit record high

WASHINGTON (Reuters) - U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.

Coronavirus sinks U.S. consumer spending; savings hit record high

By Lucia Mutikani WASHINGTON (Reuters) - U.S.

Coronavirus sinks US consumer spending; savings hit record high

U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the ...

Fed chair warns of widening inequality as U.S. consumption dives

United States consumer spending plunges by a record 13.6% in April 2020

US consumer spending sinks by record 13.6% in face of virus

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.

Core sector output contracts 38% in April

Cement, steel production plummet

Core sector output contracts by record 38.1 per cent in April

The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus-induced lockdown, according to the official data.

India’s Core Sector Output Contracts By Record 38.1% In April

India’s core sector output shrank by a record 38.1% in April due to the coronavirus-induced lockdown, according to official data. 

Core sector output contracts by record 38.1% in April

The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus lockdown, according to the official data. The eight core sectors had expanded by

Output of eight infrastructure sectors contracts by 38.1% in April

During the month of nationwide lockdown, cement and steel output shrank 86% and 83.9% respectively, while electricity and coal output fell 22.8% and 15.5% respectively

Pandemic pain: Output of 8 core sectors contracts 38.1% in April

As expected, the lockdown wreaked havoc on the output of eight core industries in April, contracting 38.1 per cent for the month under review.The eight core industries — coal, crude oil, natural gas,

Lockdown impact: Eight core industries' output contracts by 38.1% in April

Output of eight infrastructure sectors saw 5.2% growth in year-ago period

Lockdown effect: Core sector output crashes record 38.1% in April

Infra segment hurt the most as cement and steel output tank by more than 80 per cent

Core sector output contracts 38% in April owing to stalled economic activity

In March, the output of the core sector that includes eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity — had contracted 9%.

Coronavirus impact: Output in eight core industries declines 38% in April

All eight core sectors reported massive decline in production during April, with coronavirus-mandated lockdowns in place. Cement and steel reported the biggest losses in output at 86 per cent and 83.9 per cent, respectively

Covid takes toll on core sector, output slumps 38% in April

India Business News: Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production d

India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy

India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.

India's eight core infrastructure sectors contract 38.1% in April

Massive contraction recorded amid a nationwide lockdown to contain the spread of coronavirus

UN Secretary General warns of loss of $8.5 trillion in global output due to pandemic

Addressing a virtual press conference along with Prime Minister of Jamaica Andrew Holness and Prime Minister of Canada Justin Trudeau, Antonio Guterres said the world is afflicted by enormous fragilities: weak health systems; runaway climate change; unsustainable levels of inequality.

COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres

“We must avoid it. The pandemic has demonstrated our fragility. Despite all the technological and scientific advances of recent decades, we are in an unprecedented human crisis, because of a microscopic virus,” the UN Secretary General said on Thursday to the high-level event on Financing For Development.

Covid can cause $8.5 trillion loss in global output: UN chief Antonio Guterres

UN chief Antonio Guterres has warned that the Covid-19 pandemic will cause unimaginable devastation, usher in hunger and famine of historic proportions and lead to a loss of $8.5 trillion in

COVID-19 could cause $8.5 trillion loss in global output, warns UN chief Antonio Guterres

He said the pandemic could usher in a loss of USD 8.5 trillion in global output  the sharpest contraction since the Great Depression of the 1930s.

Covid-19 could cause $8.5 trillion loss in global output: UN Secretary General

US News: UN chief Antonio Guterres has warned that the Covid-19 pandemic could cause unimaginable devastation, usher in hunger and famine of historic proportio

COVID-19 could cause $8.5 trillion loss in global output: UN Sec Gen

“Unless we act now, the COVID-19 pandemic will cause unimaginable devastation and suffering around the world. Hunger and famine of historic proportions. Sixty million more people pushed into extreme poverty. Up to half the global workforce – 1.6 billion people – without livelihoods,” Guterres said

Covid-19 could cause USD 8.5 Trillion Loss In Global Output: UN Sec Gen

UN chief Antonio Guterres has warned that the COVID-19 pandemic will cause unimaginable devastation, usher in hunger and famine of historic proportions and lead to a loss of USD 8.5 trillion in global output

COVID-19 could cause USD 8.5 trillion loss in global output: UN Sec Gen

Nagaland Page is an English newspaper published from Dimapur, Nagaland.

Covid-19 may cause hunger, famine, $8.5 trn loss in global output: UN chief

Guterres told the high-level meeting that the UN is asking for immediate, collective action in six critically important areas to deal with the crisis

Coronavirus may lead to $8.5 trillion loss in global output, sharpest since Great Depression: UN

Globally, coronavirus has infected 5,813,997 people and killed 360,397, according to Johns Hopkins University

Japan bankruptcies seen rising to seven-year high amid pandemic

A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.

Holness upbeat after global leaders commit to united front against COVID-19

Prime Minister Andrew Holness has applauded global leaders and multilateral institutions ...

U.N. calls on nations to take action in six areas to limit COVID-19's financial impact

May 28 (UPI) -- U.N. Secretary-General Antonio Guterres on Thursday called for countries throughout the world to work to take action in six areas to limit the financial impacts of the COVID-19 pandemic.

RBI slaps penalties on Bank of India, Karnataka Bank, Saraswat Cooperative Bank for non-compliance

RBI also imposed a penalty of Rs 1.2 crore on Karnataka Bank for non-compliance with central bank’s directions.

RBI fines Karnataka Bank

Karnataka Bank has informed the stock exchanges that Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.20 crore on it for divergence in respect of non-performing assets (NPAs) and non-a

RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations

The action will not affect the bank's customers, RBI clarified

RBI imposes Rs 4 crore penalty on Citibank

In a release, RBI said the penalty has been imposed on Citibank NA for contravention of certain sections of the Banking Regulation Act and for non-compliance with directions.

RBI imposes Rs 4 crore penalty on Citibank

India Business News: MUMBAI: The Reserve Bank has imposed a penalty of Rs 4 crore on Citibank for non-compliance with various regulatory norms and directions of the centra.

RBI imposes Rs 4 crore penalty on Citibank; here’s why

The RBI has also imposed penalty on three co-operative banks for non-compliance with various directions issued by it.

Delhi HC directs RBI, PMC Bank to consider needs of depositors

Delhi HC directs RBI, PMC Bank to consider needs of depositors: Delhi High Court has directed the Reserve Bank of India (RBI), Punjab Maharashtra Cooperative Bank, and other respondents to consider the needs of the depositors during the coronavirus-induced lockdown.. Get all latest entertainment & viral stories on english.lokmat.com

RBI slaps ₹4 crore fine on Citibank

The Reserve Bank of India (RBI) has slapped ₹4 crore penalty on Citibank for violating several norms.The banking regulator said the penalty was due to contravention of the Banking Regulation Act, 1949

RBI slaps penalty worth crores of rupees on three banks, including one PSU and one cooperative bank

The Reserve Bank of India has slapped a penalty amounting to a total of Rs 6.50 crore on Bank of India, Karnataka Bank, and Saraswat Cooperative Bank.

RBI imposes monetary penalty on 4 banks

The Reserve Bank of India (RBI), on Friday, said it has imposed a monetary penalty on Citibank (₹4 crore), Bharat Co-operative Bank (₹60 lakh), TJSB Sahakari Bank (₹45 lakh), and Nagar Urban Co-operat

RBI fines Citibank Rs 4 cr for flouting rules, co-op banks penalised too

Move follows fines imposed yesterday on Bank of India (Rs 5 crore), Karnataka Bank (Rs 1.2 cr) and Saraswat Co-operative Bank (Rs 30 lakh)

Citibank fined Rs 4 crores for non-compliance

The Reserve Bank of India, on Friday, imposed a penalty of Rs 4 crore on Citibank for violation of remuneration norms and non-compliance regarding obtaining the declarations from customers.

GST Council may find it difficult to raise GST rates

It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre.Several states have reportedly taken an over 80-90% hit in GST collections in April

Hike in GST rates unlikely

If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.

Council may find it difficult to raise GST rates

 The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.

Council may find it difficult to raise GST rates

IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so

GST hike in non-essential items ruled out

Govt says ‘no’ for printing notes to bridge deficit

GST Council likely to meet in mid-June

Tax revenue details withheld till July, officials say no point in disclosing now as returns filing extended

GST Council to meet next month; FinMin not for raising rates on non-essential items

Post the lockdown, the demand has to be induced and economic activity has to improve on all fronts, not just on essential items side, they said. However, the decision will be taken by the GST Council headed by the finance minister, according to sources.

GST Council to meet next month; FinMin not for raising rates on non-essential items

If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.

GST hike on non-essential items unlikely despite falling revenues

Sources indicated that as of now there is no proposal to reduce GST rate on essential items, even as it is ultimately GST Council which will take any decision on changing the tax rates and not just the central government.

GST Council to meet next month; Finance Ministry not in favour of raising rates on non-essential items

The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council, despite depressed revenue collections due to

Govt unlikely to press for hike in GST rates for non-essentials next month

However it will have to find ways in which essential and non-essential items can be segregated

Council may find it difficult to raise GST rates

IANS New Delhi The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June. A top government so

Buy Coal India; target of Rs 264: ICICI Securities

ICICI Securities is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 264 in its research report dated May 29, 2020.

Buy Visaka Industries; target of Rs 250: ICICI Securities

ICICI Securities is bullish on Visaka Industries has recommended buy rating on the stock with a target price of Rs 250 in its research report dated May 29, 2020.

Buy Federal Bank target of Rs 55: Anand Rathi

Anand Rathi is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 55 in its research report dated May 29, 2020.

Buy Federal Bank; target of Rs 67: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 67 in its research report dated May 29, 2020.

Buy Orient Cements; target of Rs 63: Cholamandalam securities

Cholamandalam securities is bullish on Orient Cements has recommended buy rating on the stock with a target price of Rs 63 in its research report dated May 29, 2020.

Buy Federal Bank; target of Rs 54: Emkay Global Financial

Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 54 in its research report dated May 28, 2020.

Buy TVS Motor Company; target of Rs 422: ICICI Securities

ICICI Securities is bullish on TVS Motor Company has recommended buy rating on the stock with a target price of Rs 422 in its research report dated May 29, 2020.

Buy Tube Investments of India; target of Rs 425: ICICI Direct

ICICI Direct is bullish on Tube Investments of India has recommended buy rating on the stock with a target price of Rs 425 in its research report dated May 29, 2020.

Hold Aarti Industries; target of Rs 1002: East India Securities

East India Securities recommended hold rating on Aarti Industries with a target price of Rs 1002 in its research report dated May 29, 2020.

Buy Orient Cement target of Rs 65: Anand Rathi

Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.

Buy United Spirits; target of Rs 650: ICICI Direct

ICICI Direct is bullish on United Spirits has recommended buy rating on the stock with a target price of Rs 650 in its research report dated May 28, 2020.

Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group

Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement

Madras high court issues notices to Franklin Templeton MF, Sebi: Investors Group

India Business News: Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors gro

Madras High Court slaps notices to Franklin Templeton MF, Sebi, says Investors Group

Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group

It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.

Madras High Court Issues Notices To Franklin Templeton, SEBI: Investors Group

Chennai Financial Markets and Accountability group is also launching an online petition to bring together all affected investors.

Madras High Court notice to Franklin Templeton, SEBI

PIL filed against closure of 6 schemes

Madras High Court issues notices to Franklin Templeton MF, Sebi

Last month, Franklin Templeton had closed six debt funds.

Franklin Templeton investors can e-vote to monetise assets

Can authorise trustees or Deloitte from June 9-11

Franklin Templeton to soon start e-voting process for winding up six debt schemes

Sources in the mutual fund industry say that Trustees of Franklin Templeton MF will start sending notices to investors on the voting process and unit holders’ meeting in the next two-three days.

Franklin Templeton’s legal troubles rise as Madras HC issues notice

The court sought a status report from Sebi on the refund process.The matter would be next heard on 26 June

Sebi seeks time to file counter in High Court on PIL against Franklin MF

The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house

India's economy may have grown at slowest in 2 years during March quarter

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists

India’s economy seen slowing rapidly in March quarter, with worse to come

Economists expect worst financial contraction in four decades

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already

Indian economy slows in March quarter, with worst to come

India's economy grew at 3.

Lockdown impact: Economy seen slowing rapidly in March qtr, with worse to come

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago.

India quarterly growth worst in two decades as lockdown bites

MUMBAI, May 29 — India’s economy grew at its slowest pace in at least two decades last quarter, government data showed today, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown. Asia’s third-largest economy expanded by just 3.1 per...

India quarterly growth worst in two decades as lockdown bites

India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown. The figures beat even gloomier forecasts, with Bloomberg News predicting

India quarterly growth worst in 2 decades as lockdown bites

India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020

India had started to see green shoots before coronavirus hit us: FM Nirmala Sitharaman

Indian economy grew at 3.1% in the last quarter of FY 2019-20.

Covid-19 pandemic pushes UN Climate Summit COP26 to November 2021

Alok Sharma, business secretary in the Boris Johnson government and the COP26 president, said: “While we rightly focus on fighting the immediate crisis of the coronavirus, we must not lose sight of the huge challenges of climate change”.

COP26 climate talks pushed back to November 2021

The UN's climate science advisory panel makes it clear that time is not on our side

COP26 climate talks in Glasgow to take place next year in Nov 2021, UN confirms

The development comes two days after the EU unveiled the EUR 750 billion green stimulus plan to shore up the sagging economy due to the pandemic while also making sure that the 27-nation trading bloc achieves climate neutrality by 2050.

UN Delays Climate Summit, Cites Pandemic

The coronavirus pandemic has prompted the United Nations to delay until late 2021 a crucial climate summit that had been scheduled for Britain this year, officials said on Thursday.

COP26 postponed till November 2021, will take place in Glasgow, Scotland says UN

Governments urged to boost renewable energy, conservation and other green measures as economies recover.

U.N. delays crucial climate summit for a year, cites pandemic

May 28 (Reuters) - The coronavirus pandemic has prompted the United Nations to delay until late 2021 a crucial climate summit that had been scheduled for Britain this year, officials said on Thursday.

UN delays crucial climate summit for a year, cites pandemic

This year’s meeting, known as the COP26 summit, had been billed as the most important climate change summit since the 2015 talks that produced the Paris Agreement.

UN delays crucial climate summit for a year

The coronavirus pandemic has prompted the United Nations to delay until late 2021 a crucial climate summit.

U.N. Delays Climate Summit, Adds Second 'Warm-Up' Meeting to Plan

The U.N. will delay until late 2021 what it calls a "crucial climate summit" that had been scheduled for Scotland later this year.

UN Delays Climate Summit, Cites Pandemic

The coronavirus pandemic has prompted the United Nations to delay until late 2021 a crucial climate summit that had been scheduled for Britain this year, officials said on Thursday.

UN delays crucial climate summit for a year, cites pandemic

The coronavirus pandemic has prompted the United Nations to delay until late 2021 a crucial climate summit that had been scheduled for Britain this year, officials said on Thursday.

GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent

The govt has revised growth for the first three quarters of FY20 to 5.2% in Q1, 4.4% in Q2 and 4.1% in Q3.

GDP Growth Rate In FY20 Better Than Expected At 4.2 Per Cent; 4th Quarter Growth Rate Plummets To 3.1 Per Cent  

As per the data released by the government, India reported a better than expected growth of 4.2 per cent in FY20, reports India Today. Although the figure marks the lowest growth rate in 11 years, the performance is higher than what many experts had forecast.

Growth pangs: Q4 GDP growth slows to 3.1%; FY20 clocks 4.2%

Agriculture, govt spending saviours; industrial, services growth shrink

India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%

On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.

India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20

The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent

Q4 GDP growth 3.1%: Was a revival on?

Economy expanded at 4.2% in FY20, the lowest rate since FY09, dragged down by manufacturing, construction, investment.

Coronavirus Impact: GDP growth lowest in 11 years

India's gross domestic product (GDP) grew at 3.1 per cent in the final quarter of financial year 2019-20, lowest in 44 quarters, according to the government data released on Friday. Overall growth for FY20 slumped to 4.2 per cent - lowest since FY09 when

Top headlines: GDP growth slips to 3.1% in Q4FY20; 4.2% in 2019-20

Business Standard brings to you the top headlines of the day

Govt lowers GDP growth rates for Q1, Q2 and Q3 in revised data

GDP growth has now been revised to 4.4 per cent in Q2 compared to 5.09 per cent earlier

India's Q4 GDP growth falls to 3.1% - worst since 2009 global financial crisis

India's gross domestic product (GDP) growth in Q4FY20 is the lowest in 44 quarters, according to the data by Central Statistics Office (CSO)

China plans to extend curbs on international flights until June 30 - U.S. embassy

BEIJING — Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights imposed to restrain the spread of the coronavirus, the U.

China plans to extend curbs on international flights till June 30: US embassy

China has drastically cut such flights since March to allay concerns over infections brought by arriving passengers. A so-called “Five One” policy allows mainland carriers to fly just one flight a week on one route to any country and foreign airlines to operate just one flight a week to China.

China plans to extend curbs on international flights until June 30: U.S. embassy

Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday. China has drastically cut such flights since March to allay concerns over infections brought

China plans to extend curbs on international flights until June 30: U.S. embassy

BEIJING (Reuters) - Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday.

China plans to extend curbs on international flights until June 30, says US embassy

BEIJING, May 29 — Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the US embassy in Beijing said in a travel advisory today. China has drastically cut such flights since March to allay concerns over...

China plans to extend curbs on international flights until June 30 – US embassy

Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights to contain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday.

Delta And United’s China Plans Lift As Chinese Airlines Propose More U.S. Flights If COVID-19 Restrictions Ease

China Eastern could fly 45 weekly China-U.S. flights, China Southern 38 and Xiamen Airlines nine, the carriers told the U.S. government.

Coronavirus: China mulls extending restrictions on international flights until June 30

The U.S. Transportation Department said in an order published on a U.S. government website that Delta Air Lines and United Airlines want to resume flights to China in June

China Southern Won’t Bring A380 Back To U.S. Flights This Summer

China Southern aims to relaunch its China-U.S. network on July 1 but it will not bring back its Airbus A380.

China plans to extend curbs on international flights until June 30: U.S. embassy

China has drastically cut such flights since March to allay concerns over infections brought by arriving passengers. A so-called "Five One" policy allows mainland carriers to fly just one flight a week on one route to any country and foreign airlines to operate just one flight a week to China.

NIO Limited (NIO) CEO William Li on Q1 2020 Results - Earnings Call Transcript

NIO Limited (NYSE:NIO) Q1 2020 Earnings Conference Call May 28, 2020 08:00 ET Company Participants Rui Chen - Director, Investor Relations William Li - Founder,

The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2020 Results - Earnings Call Transcript

The Toronto-Dominion Bank (NYSE:TD) Q2 2020 Earnings Conference Call May 28, 2020, 01:30 PM ET Company Participants Gillian Manning - Head, IR Bharat Masrani -

Big Lots, Inc. (BIG) CEO Bruce Thorn on Q1 2020 Results - Earnings Call Transcript

Big Lots, Inc. (NYSE:BIG) Q1 2020 Earnings Conference Call May 29, 2020 08:00 ET Company Participants Andy Regrut - Vice President, Investor Relations Bruce Tho

RYB Education Inc (RYB) CEO Yanlai Shi on Q1 2020 Results - Earnings Call Transcript

RYB Education Inc (NYSE:RYB) Q1 2020 Results Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Serena Xue - Investor Relations Yanlai Shi -

PagSeguro Digital Ltd. (PAGS) CEO Ricardo Dutra on Q1 2020 Results - Earnings Call Transcript

PagSeguro Digital Ltd. (NYSE:PAGS) Q1 2020 Earnings Conference Call May 28, 2020 05:30 PM ET Company Participants Ricardo Dutra - Chief Executive Officer Eduard

U.S. Bancorp (USB) CEO Andy Cecere Presents at Bernstein Strategic Decisions Conference (Transcript)

U.S. Bancorp (NYSE:USB) Bernstein Strategic Decisions Conference May 28, 2020 1:00 PM ET Company Participants Andy Cecere - Chief Executive Officer Terry Dolan

Flex LNG Ltd (FLNG) CEO Oystein Kalleklev on Q1 2020 Results - Earnings Call Transcript

Flex LNG Ltd (NYSE:FLNG) Q4 2020 Earnings Conference Call May 28, 2020 09:00 AM ET Corporate Participants Oystein Kalleklev - CEO Harald Gurvin - CFO Conference

Navigator Holdings' (NVGS) CEO Harry Deans on Q1 2020 Results - Earnings Call Transcript

Navigator Holdings Ltd. (NYSE:NVGS) Q1 2020 Earnings Conference Call May 29, 2020 9:00 AM ET Company Participants David Butters – Executive Chairman Harry Deans

Modine Manufacturing's (MOD) CEO Tom Burke on Q4 2020 Results - Earnings Call Transcript

Modine Manufacturing Company (NYSE:MOD) Q4 2020 Earnings Conference Call May 29, 2020 9:00 AM ET Company Participants Kathy Powers – Vice President, Treasurer,

DXC Technology Company (DXC) CEO Mike Salvino on Q4 2020 Results - Earnings Call Transcript

DXC Technology Company (NYSE:DXC) Q4 2020 Results Conference Call May 28, 2020 04:45 PM ET Company Participants Shailesh Murali - Investor Relations Mike Salvin

UK challenger bank Starling Bank raises €44.3 million to support small businesses

Today UK challenger bank Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 m

Starling Bank Scores Another £40 Million from Existing Investors

Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.

Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million

Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and M

Starling Bank raises £40 million as SME banking business picks up

Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.

Starling Bank lands £40m from existing backers

Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports.

Challenger bank Starling raises additional £40m

Fintech led by former AIB chief operating officer, has now raised £363m to date

Starling Bank boosts its support for small and medium-sized businesses

Starling Bank is continuing to beef up its B2B banking and payments services following a fresh round of investment.

Starling Bank raises £40m as it lends to virus-hit small businesses

Starling Bank has raised £40 million from investors as small businesses turn to lenders for support during the coronavirus crisis.

Starling Scores $49 million From Its Investors

Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike.

Renault announces it is staying in F1

Renault is staying in Formula 1 for now.

Renault Makes Like Nissan, Cuts Future Production, Spending, Jobs

The same week that Nissan outlined a supposedly sustainable path forward, alliance partner Renault did the same thing, revealing a blueprint for a streamlined business

Renault to cut 15,000 jobs, save RM9.7 billion by 2024

Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros ($2.22 billion) in savings over the next three years. "We thought too big in terms of sales," said interim Chief Exe

‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot

Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

PARIS, May 29 — Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn. Faced with a slump in demand that has...

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

PARIS (Reuters) - Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.

Federal government to clear all Centrelink robo-debts, refund money

More than $720 million raised through the Morrison government's controversial Centrelink robo-debt program will be refunded.

Robodebt: government to refund 470,000 unlawful Centrelink debts worth $721m

Debts raised under the Coalition’s unlawful income-averaging scheme will start to be repaid in July

AU$721 million in robo-debts to be returned as Australian government admits error | ZDNet

Services Australia has identified 470,000 debts raised wholly or partially using income averaging of ATO data.

The government has announced it will refund $721 million it claimed as part of its unlawful 'robodebt' scheme

The federal government has announced it will scrap its controversial ‘robodebt’ scheme, which attempted to automatically claw back alleged overpayments to social security recipients, and will refund $721 million to those who already paid.

The Government Will Refund Millions Of Dollars To People Affected By Robodebt

Around $721 million is expected to be refunded to people who were affected by the government's disastrous robodebt scheme.

The Govt Just Axed Its Fucked Robodebt Scheme & Is Now Refunding A Casual $721 Million

The Australian Federal Government has today announced that they will refund the $721 million worth of funds recouped by the robodebt scheme.

Govt to pay back $721m wrongly raised through robodebt

Finally bites the bullet.

$721m to be refunded after robodebt backflip

The Morrison government will refund $721 million raised against 470,000 debts under its controversial robodebt scheme.

Selling My Uber To Get More Uber

A Grubhub deal seems like a foregone conclusion at this point. Uber seems like the most likely winner of a consolidation deal at this time. Other players like D

Uber rolls out ride-by-hour option in some US cities

Uber on Friday said it would offer rides by the hour in some US cities, a feature aimed at helping Americans with essential trips during the coronavirus pandemic. The option, which is already

Uber Launching Hourly Rate Ride Option in Some U.S. Cities

From next week users in some U.S. cities will be able to book Uber rides by the hour to help them make essential journeys more safely.

Uber launches hourly ride booking option in some U.S. cities

(Reuters) - Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential trips during the coronavirus pandemic.

Uber launches hourly ride booking option in some US cities

Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential ...

Uber Debuts $50 Hourly Ride Option In Select US Cities

Starting next month, ridesharing users in a dozen cities can opt in for a $50 an hour ride, Uber Technologies Inc. announced.

Uber introduces a new hourly rate for longer, multistop trips

Uber will charge $50 an hour for these longer trips.

Uber now lets U.S. riders book trips for $50 an hour

Uber is introducing a new service that allows riders in the U.S. to book trips for $50 per hour up to a maximum of seven hours.

Rupee settles 14 paise higher at 75.62 against US dollar

The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest

Rupee settles 14 paise higher at 75.62 against US dollar

The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.

Rupee rises 11 paise to 75.65 against US dollar in early trade

The rupee opened at 75.71 at the interbank forex market and then gained further to 75.65, up 11 paise over its last close.

Rupee rises 11 paise to 75.65 against US dollar in early trade

The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors

Indian rupee settles 14 paise higher at 75.62 against US dollar

Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.

Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data

The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence

Forex - Dollar Drifts Lower in Tight Trading Ranges

Forex - Dollar Drifts Lower in Tight Trading Ranges

Williams considers sale of struggling F1 team

Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction, Williams Grand Prix Holdings (WGPH) said on Friday.

Williams reveals it is for sale

Backmarker Formula 1 team Williams has admitted it may be sold.

Want to buy an F1 team? Williams is considering selling

LONDON — Williams said on Friday it was considering selling its once-dominant but now struggling Formula One team as part of a strategic review. Williams G

Williams considers selling F1 team after £13 million loss

Williams revealed on Friday that they are considering selling the Formula One team after a multi-million pound drop in the company's financial ...

Formula 1: Williams considers sale of team as board struggles from £13 million loss in 2019

Williams said on Friday it was considering selling its once-dominant but now struggling Formula One team as part of a strategic review.

Williams set to sell Formula One team following financial losses

Williams are considering selling their Formula 1 team due to growing financial pressures.This mo...

Cash-strapped Williams considers selling F1 team

Williams is considering selling a minority or majority stake to secure its future in F1. Click here to know more.

Williams set to sell Formula One team

Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.

Williams set to sell Formula One team

Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.

Williams considers selling F1 team after £13m loss

Williams revealed that they are considering selling the Formula One team after a multi-million pound drop in the company's financial results.

S&P 500, Dow dip on jitters over Trump's China response

U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong ...

Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China

Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China

Stocks - Wall Street Slips as U.S. Consumer Wobbles; Trump's China Speech Eyed

Stocks - Wall Street Slips as U.S. Consumer Wobbles; Trump's China Speech Eyed

Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact

Trump took a more confrontational approach with China on Friday.

US stocks slide as traders await Trump's China news conference

US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...

Stocks quickly cutting losses ahead of Trump's China press conference

Stocks were lower on Friday as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump.

Wall St ends mostly higher as U.S.-China spat simmers

U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.

Peet’s Coffee IPO Raises $2.5 Billion 

Peet’s Coffee IPO Raises $2.5 Billion 

Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic

Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic.  The company an...

Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO

AMSTERDAM (Reuters) - Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis.

Coffee maker JDE Peet's IPO wrapped up in just 72 hours: sources

LONDON/PARIS (Reuters) - It took just three days to sell shares in JDE Peet’s JDEP.AS as investors facing a dearth of opportunities because of the coronavirus-induced slow-down rushed to secure a dose of the world’s No. 2 maker of packaged coffee.

As Peet’s Coffee Parent Shares Surge Post IPO, Expect It To Be A Bigger Contender Against Starbucks

The coronavirus pandemic may have shut restaurants and cafes, but it’s not quenched the thirst for coffee: shares of Peet’s Coffee parent JDE Peet's surged 14% on Friday after an initial public offering, likely paving the way for Peet’s to be a bigger challenger against coffee house giant Starbucks.

Douwe Egberts' parent valued at €15.6 billion in Amsterdam IPO

Coffee maker JDE Peet's, parent company of Douwe Egberts among others, made its stock debut on Amsterdam's AEX on Friday, one of only a handful of IPOs launched in the coronavirus crisis. Shares

European coffee giant brews a strong IPO

JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace

FY20 fiscal deficit widens to 4.59% of GDP, higher than budget aim of 3.8%

This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by coronavirus crisis.In absolute terms, total receipts of the government were ₹17.5 lakh crore against the estimate of ₹19.31 lakh crore

India's FY20 fiscal deficit at 4.59% of GDP, suprasses budget target of 3.8%

The fiscal deficit is 122 per cent of Rs 7.67 lakh crore budget aim of the government for fiscal 2019-20

20 Lakh Crore Economic Package Was A Show Off By The Government: Abhishek Manu Singhvi

Senior Congress leader Abhishek Manu Singhvi attacked the government over a faltering economy. 'GDP is falling continuously,' he said adding that the 20 lakh crore economic package is a mere show-off by the government.

Tax shortfall drives fiscal deficit in FY20 to 4.6% against target of 3.8%

Gross tax collection for FY20 was Rs 20.09 lakh crore, against the revised estimate of Rs 21.63 lakh crore. What is more worrying is the fact that the gross tax collection is lower than the previous year's collection of Rs 20.8 lakh crore

Fiscal deficit widens to 4.6% of GDP in 2019-20

As per CGA data, the FY20 fiscal deficit worked out to be 4.59% of the GDP, while the revenue deficit was 3.27%.

Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%

Spending kept at 99.5% of RE to support falling economy.

Bengal’s Amphan-Damage Assessment Of Rs 1 Lakh Crore May Be Grossly Inflated, And That’s Why Centre Should Scrutinise It Closely

There are many reasons to doubt this seemingly fantastical Amphan-damage assessment figure of Rs 1 lakh crore.

Debate over USD 600 in jobless aid to intensify as claims rise

A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million one in five workers.

Debate over extending $600 in jobless aid in United States

 A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million

Debate over $600 in jobless aid to intensify as claims rise

The $600 in federal benefits was added as a way to replace all of an average worker’s lost income.

Debate over $600 in jobless aid to intensify as claims rise

The money, included in a government relief package enacted in March, is set to expire July 31.

Debate over $600 in jobless aid to intensify as claims rise

WASHINGTON (AP) — A debate in Congress over whether to extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million — one in five workers.The money, included in a government relief package enacted in March, is set to expire July 31. Yet with the unemployment rate widely expected to still be in the mid-teens by then, members of both parties will face pressure to compromise on some form of renewed benefits for the jobless.Democrats have proposed keeping the $600-a-week payments through January in a $3 trillion relief package that the House approved this month along party lines. Senate Republicans oppose that measure.

Debate over $600 in jobless aid to intensify as claims rise | Honolulu Star-Advertiser

WASHINGTON >> A debate in Congress over whether to extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million — one in five workers.

Debate over $600 in jobless aid to intensify as claims rise

The money, included in a government relief package enacted in March, is set to expire July 31.

Statistics Canada expected to report GDP down nine per cent in March

Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020, and may be headed to an even steeper drop, as steps taken to slow the spread of COVID-19 forced businesses to close and lay off workers.

Statistics Canada says first-quarter GDP worst showing since 2009

OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday

StatCan expected to report GDP down nine per cent in March, 10 per cent in Q1

OTTAWA — Statistics Canada is expected to report today that economic growth swung negative in March and the first quarter as a whole due to the COVID-19 pandemic.

Canada's economy shrinks 8.2% in Q1 2020

The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009

First-quarter GDP worst showing since 2009: StatCan

Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.

The Daily Chase: GDP shrinks 7.2% in March; one-on-one with RBC's CEO

This morning we’ll find out how sharply Canada’s economic output collapsed in the early days of COVID-19 lockdown measures.

Economy worst in decade

Statistics Canada says the economy in the first quarter had its worst showing since 2009 as steps taken to slow the spread of COVID-19 forced businesses across the country to close their doors and lay off workers.

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech

Volkswagen invests 2 billion euros in Chinese electric vehicle sector

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".

Volkswagen invests two billion euros in China – new acquisitions are part of its electrification strategy

Volkswagen has announced some big moves in China as part of its electrification strategy in the world's largest auto market. The German giant plans to

Volkswagen invests US$2.2b in Chinese electric vehicle sector

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it ...

Volkswagen pumps 2 billion euros into China electric vehicle bet

Volkswagen AG plans to boost its electric push in China, the world's biggest auto market, by pumping 2.1 billion euros in two Chinese electric ...

Volkswagen Ploughs Over $2 Billion Into the Chinese Electric Car Industry

On Friday, Volkswagen announced it would be investing $2.2 billion in two companies in the Chinese electric vehicle sector in a bid to push forward the "world's biggest market" towards the electrification of cars.

Volkswagen spending $2.2 billion to expand in China’s electric car market

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.

VW spending $2.2B to expand in China’s electric car market

Volkswagen makes its biggest foreign investment of $2.2 billion to make its presence in the Chinese electric vehicle market.

VW spending $2.2B to expand in China's electric car market

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following ...

Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford

Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company

VW spending $2.2B to expand in China's electric car market

BEIJING — Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country’s economy began to reopen following the coronavirus pandemic.

VW spending $2.2B to expand in China's electric car market

Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.

Support For Arts And Music Sector Recovery

A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19.

Support for arts and music sector recovery - Ardern, Sepuloni, Robertson

A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19.

Govt announces package to boost arts sector

The government has announced a $175 million package to boost the arts and creative sector in the wake of Covid-19. This story was first published...

Green Party Welcomes Crucial Financial Support For Creatives

The Green Party says new government support for creatives and artists is a vital lifeline for a sector struggling to survive the COVID crisis.

Govt announces package to boost arts sector

The government has announced a $175 million package to boost the arts and creative sector in the wake of Covid-19. This story was first published...

Support for arts and music sector recovery - Government

A jobseekers programme for the creative sector and four new funds have been set up by the Government to help our arts and music industry recover from the blow of COVID-19.

'Green Party welcomes crucial financial support for creatives'

The Green Party says new government support for creatives and artists is a vital lifeline for a sector struggling to survive the COVID crisis.

Fiscal deficit widens to 4.6% of GDP in FY20

This was the highest level of deficit for the Centre since FY13.

Fiscal deficit widens to 4.6% of GDP in 2019-20, higher than revised estimates of 3.8%

The country's fiscal deficit widened to 4.6 percent of the Gross Domestic Product in 2019-20 mainly on account of poor revenue realisation, according to official data

Fiscal deficit widens to 4.6% of GDP in 2019-20

The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal.

Fiscal deficit for 2019-20 at 4.6%

The Controller General of Accounts (CGA) on Friday reported fiscal deficit for 2019-20 at 4.6 per cent of the GDP as against 3.8 per cent projected in the revised estimate. Fiscal deficit for the fir

Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation

The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.

Vestager hits back at Lufthansa bailout criticism

Commission vice-president in charge of competition Margarethe Vestager argued that companies getting large capital injections from the state during the corona crisis still have to offset their competitive advantage.

Vestager says she is not placing extra hurdles in way of Lufthansa bailout

BRUSSELS — EU antitrust chief Margrethe Vestager on Friday denied that she is placing additional hurdles in the way of Lufthansa’s $10 billion government rescue, which has been held up by her demand for the stricken airline to give up airport slots.

Germany Reaches EU Deal on $9.9 Billion Lufthansa Bailout

The German government worked out its differences with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the rescue of Europe’s biggest airline to move forward.

EU says conditions needed in Lufthansa bailout, seeks deal

The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.

German official sees Lufthansa bailout in reach, demands fairness

The Berlin government is likely to reach a deal with Brussels on a US$10 billion government bailout of stricken airline Lufthansa , senior ...

Preliminary agreement reached in Lufthansa bailout row: source

Preliminary agreement reached in Lufthansa bailout row: source

Monsoon onset over Kerala likely on June 1: IMD

Monsoon onset over Kerala likely on June 1: IMD New Delhi:  The southwest monsoon is likely to hit Kerala on June 1, thanks to a cyclonic circulation over the Bay of Bengal, the India Meteorological Department said on Thursday.The IMD, in its onset date forecast on May 15, had said the monsoon is likely to […]

IMD revises forecast, southwest monsoon to hit Kerala on June 1

Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.

Monsoon to hit Kerala on June 1: IMD issues orange alert for Kerala's Idukki district

Monsoon expected to hit Kerala by June 1, predicts weather department

In its forecast earlier this month, the India Meteorological Department had put the likely arrival date on June 5, four days later than usual.

When will Mumbai gets its rain? Maximum City to witness pre-monsoon from June 2-4, Maha to receive rain by June 8

The IMD on Thursday predicted that monsoon will likely hit Maharashtra by June 8 and pre-monsoon activities are expected to start by May 30.

Nascent Arabian Sea cyclone may delay monsoon

A strong system could delay onset over Kerala next week

After IMD revises forecast, southwest monsoon to hit Kerala on June 1

Most of the districts in Kerala have been getting rains with thunderstorm and gusty winds for the last few days.

Buy the Post-Earnings Dip in Canopy Growth Stock Now

Canopy Growth's fourth-quarter earnings report was not good. But the big-picture trends remain favorable, and CGC stock will bounce back.

Canopy Growth Earnings: CGC Stock Crashes 19% On Losses, Charges

Canopy Growth earnings has CGC stock taking a beating on Friday after the company reported major losses in multiple areas during the quarter.

Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays

CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.

Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus

Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.

Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus

Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter. The Smith Falls, Ont.

The world's largest marijuana company craters 22% as recreational pot demand sinks amid coronavirus pandemic (CGC)

Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates. The...

Crude has best month on record in May as prices surge 88 per cent

Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.

Crude has best month on record in May as prices surge 88 per cent

TORONTO — Canada's main stock index ended a strong May a little weaker while crude oil prices enjoyed their best ever month, surging 88 per cent. The S&P/TSX composite index closed down 69.90 points at 15,192.83.

Oil Prices Rebound Nearly 90% In May For Best Month On Record

Prices increased by more than 5% on Friday.

Oil prices fall as U.S. fuel demand remains weak

Oil prices fall as U.S. fuel demand remains weak

Crude has best month

Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.

Oil Posts Best Month Ever, Even As Rig Cuts Decline, Stockpiles Climb

Oil Posts Best Month Ever, Even As Rig Cuts Decline, Stockpiles Climb

When will shops in malls open? Commerce Ministry clarifies after Piyush Goyal meets traders

Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.

No need to feel threatened by e-commerce firms: Goyal tells traders

Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders

Centre will soon decide on opening shops in malls: Goyal

‘MSME schemes, including credit guarantee programme, covers traders also’

Decision to open shops in malls soon after taking into account health ministry's guidelines

Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.

Decision to open shops in malls soon after taking into account health ministry's guidelines

"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.​

Decision to open shops in malls soon after taking into account health ministry's guidelines

The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday.

FDI inflows from Cayman Islands into India triples in FY20

The Cayman Islands, which is close to Cuba and was ranked in the study as the most prominent centre for financial secrecy, hosts more than 100,000 companies, a number that outstrips the local population

Singapore top FDI source for India in FY20 with $14.67 bn in investments

In the past two financial years, FDI from Singapore has surpassed that from Mauritius

FDI inflows from Caymans triple

FDI inflows from Singapore fell to $14.7 bn in FY20 from $16.2 bn in the previous year, but held on to its No.1 ranking

Singapore top source of FDI in FY20 with investments worth $14.67 billion

According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.

Singapore top source of FDI in FY20 with investments worth $14.67 billion

In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).

FDI inflows surge 18% in 2019-20 to record $74 billion

India Business News: India’s FDI inflows, including reinvested earnings, rose 18% to a record $73.5 billion during 2019-20, buoyed by a spurt in inflows into computer hard

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.

India, US could strike a ‘smaller’ trade deal in the coming weeks: Indian envoy

According to India's ambassador Taranjit Singh Sandhu, India and the US could strike a smaller trade deal in the coming weeks

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

India and the US could strike a “smaller” trade deal in the coming weeks, India's ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the COVID-19

Modi’s hydroxychloroquine support to US brings first installment of mega US-India trade deal closer

India and the US could strike a smaller trade deal in the coming weeks as hydroxychloroquine supply to the US has given the two countries enough confidence.

India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce

Denmark and Norway Exclude Sweden From Travel Deal

The idea of travel bubbles, or travel corridors, is gaining traction with governments around the world as a way to restart international travel while limiting the risk...

Sweden snubbed as Norway and Denmark open borders

Countries will remain closed to Swedish visitors because of its Covid-19 infection rate

Denmark and Norway cut coronavirus-hit Sweden out of free travel deal

The governments of Denmark and Norway have cut Sweden out of a deal allowing each other's tourists to travel freely between the two countries — citing their Nordic neighbour's higher levels of coronavirus infection. The deal, announced at parallel press conferences in Oslo and Copenhagen on Friday

Sweden excluded as neighbours Denmark and Norway ease travel restrictions

OSLO/COPENHAGEN (Reuters) - Norway and Denmark will allow tourists to travel between the two countries from mid-June, their governments announced on Friday, although border crossings with Sweden, where the number of COVID-19 infections is higher, will remain restricted.

Sweden excluded as neighbours Denmark and Norway ease travel restrictions

Norway and Denmark will resume free travel between the two countries, three Norwegian media outlets reported on Friday, creating a travel bubble ...

Norway and Denmark drop mutual border controls - but exclude Sweden

Scandinavian neighbour barred for now because of higher coronavirus death toll

Nordics want to open borders but Sweden may be frozen out

Denmark, Finland and Norway mull whether to extend or relax regional travel restrictions, but their neighbor may not be included.

Travel disruptions, cost cutting key issues for U.S. business in China

Ninety percent of the 100 or so respondents said they were affected by such disruptions, up from 77% last month, according to a monthly survey on the impact of COVID-19 by the American Chamber of Commerce in China, released Friday.

Travel disruptions, cost cutting key issues for U.S. business in China: report

Travel disruptions, cost cutting key issues for U.S. business in China: report

Travel disruptions, cost cutting key issues for US business in China, says report

BEIJING, May 29 ― Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the Covid-19 epidemic, according to a report from a business group. Ninety per cent of the 100 or so respondents said they were...

Travel disruptions, cost cutting key issues for U.S. business in China: report

BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.

Travel disruptions, cost-cutting key issues for US business in China: Report

Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...

Travel disruptions, cost cutting key issues for US business in China: report

Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...

India

India

UN chief appreciates India's assistance to other countries during COVID-19 pandemic: T S Tirumurti

Tirumurti, who assumed charge as India's Permanent Representative to the UN last week, presented his credentials virtually as telecommuting arrangements are in place at the UN headquarters due to the COVID-19 pandemic.

Covid-19 pandemic may create opportunities to deepen India’s engagement with Africa

India could also create a new fund for Africa and adapt its grant-in-aid assistance to reflect the current priorities. This could include support for new investment projects by Indian entrepreneurs especially in the pharmaceutical and healthcare sectors in Africa.

Covid-19 cases in India and fallacy of the floating numerator

When several countries are being compared during a pandemic, merely citing absolute numbers without any reference to the differences in their population sizes is erroneous and misleading.

As it ramps up public healthcare, India must give more room to private sector

Only a healthy nation can grow. The COVID-19 pandemic has presented India with an opportunity. The Indian healthcare system can go through a radical overhauling, where it can be more sustainable as well as responsive.

India records highest single-day spike, surpasses China toll

NEW DELHI:  India on Friday not only recorded its largest jump in new cases as it added 7,466 new Covid patients in 24 hours, emerging as the ninth worst-hit country in the world by pandemic, but it also surpassed China's toll of 4,638 so far as it r

WTI Price Analysis: Oil eyes record monthly surge

While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin

Crude oil prices fall but remains set for biggest monthly gain in years

US West Texas Intermediate (WTI) crude was down $1.28, or 3.8 per cent, at $32.43.

Oil falls but remains set for biggest monthly gain in years

LONDON: Oil prices were dragged sharply lower on Friday by weak US fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening in US-China relations, but were still on track for a hefty monthly gain. July Brent crude fell 72 cents, or 2 percent, to $34.57 a barrel by midday in London. US West Texas Intermediate (WTI) crude was down 83 cents, or 2.5

Oil surges 88% in May, posting its best month on record

WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...

Oil falls but set to post biggest monthly rise in years on output cuts

Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.

Oil and gas geopolitics and its end

Let us see how oil barrel prices have really fluctuated in recent weeks: in April, in fact, the European and Asian Brent benchmark, in parallel with the US West Texas Intermediate (WTI), decreased by about 1 U.S. dollar per barrel a day.   The WTI, however, is a mixture of different light and sweet American crude […]

UK plans new 5G club of 10 democracies, including India: Report

A so-called 'D10' club of democratic partners, including G7 countries – UK, US, Italy, Germany, France, Japan and Canada – plus Australia, South Korea and India will aim to create alternative suppliers of 5G equipment and other technologies to avoid relying on China

UK plans new 5G club of 10 democracies, including India: Report

The move to speed up such a club comes as the UK launched an inquiry into Huawei's involvement in the country's mobile network upgrade in the wake of US sanctions against the company.

UK plans new 5G club of 10 democracies, including India, says report

The group will aim to create alternative suppliers of 5G equipment and other technologies to avoid relying on China

UK plans new 5G club of 10 democracies, including India: Report

The British government has approached the US with the prospect of creating a 5G club of 10 democracies, including India, amid growing security concerns related to Chinese telecom giant Huawei,

UK plans new 5G club of 10 countries, including India, to reduce reliance on China, says report

The British government has approached the US with the prospect of creating a 5G club of 10 democracies, including India, amid growing security concerns related to Chinese telecom giant Huawei, according to a UK media report.

UK plans new 5G club of 10 democracies, including India: Report

The move to speed up such a club comes as the UK launched an inquiry into Huawei's involvement in the country's mobile network upgrade in the wake of US sanctions against the company.

Tata vs Mistry: SC to hear Cyrus Mistry’s plea for Tata Sons board seat

Mistry wants the SP group firms - Cyrus Investment Pvt Ltd and Sterling Investment Corporation - should be given proportionate representation on the Tata Sons board and all its committees, which allegedly was denied to his family group.

Tata-Mistry battle: Supreme Court to hear Cyrus Mistry's plea for Tata Sons board position

The apex court's final order in the matter will be important as the dispute has now boiled down to two key issues --a board position for the minority shareholder Shapoorji Pallonji group and turning back Tata Sons into a public limited company from private

SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order

The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.

SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order

A bench of Justices A S Bopanna and Hrishikesh Roy in Friday's proceedings, held through video-conferencing, also issued notice on the cross-appeal of Cyrus Investment Pvt Ltd and tagged the plea with that of TSPL.

Apex court to hear Mistry’s plea for seat on Tata Sons board

The Supreme Court on Friday agreed to hear ousted Tata Group Chairman Cyrus Mistry’s petition seeking a “proportionate” representation for Shapoorji Pallonji Group (SP Group) on Tata Sons board.The SP

SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order

The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.

If we must have a pay freeze, spare front-line jobs dominated by underpaid women

Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.

We must create more jobs, not give extra money to public servants

Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.

We must create more jobs, not give extra money to public servants

Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.

If we must have a pay freeze, spare front-line jobs dominated by underpaid women

Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.

If we must have a pay freeze, spare front-line jobs dominated by underpaid women

Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.

We must create more jobs, not give extra money to public servants

Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.

Williams-Sonoma, Inc. (WSM) CEO Laura Alber on Q1 2020 Results - Earnings Call Transcript

Williams-Sonoma, Inc. (NYSE:WSM) Q1 2020 Earnings Conference Call May 28, 2020 05:00 PM ET Company Participants Elise Wang - VP, IR Laura Alber - President and

Trip.com Group Ltd (TCOM) CEO Jane Sun on Q1 2020 Results - Earnings Call Transcript

Trip.com Group Ltd (NASDAQ:TCOM) Q1 2020 Earnings Conference Call May 28, 2020, 20:00 ET Company Participants Michelle Qi - Senior IR Director James Liang - Co-

Dell Technologies' (DELL) CEO Management on Q1 2021 Results - Earnings Call Transcript

Dell Technologies Inc. (NYSE:DELL) Q1 2021 Earnings Conference Call May 28, 2020 5:30 PM ET Company Participants Rob Williams – Head-Investor Relations Jeff Cla

Laurentian Bank of Canada (LRCDF) CEO François Desjardins on Q2 2020 Results - Earnings Call Transcript

Laurentian Bank of Canada (OTCPK:LRCDF) Q2 2020 Earnings Conference Call May 29, 2020 09:00 AM ET Company Participants Susan Cohen - Director, Investor Relation

Ollie's Bargain Outlet Holdings, Inc. (OLLI) CEO John Swygert on Q1 2020 Results - Earnings Call Transcript

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Q1 2020 Earnings Conference Call May 28, 2020, 04:30 PM ET Company Participants Jean Fontana - ICR John Swyg

Afya Limited (AFYA) CEO Virgilio Deloy Capobianco Gibbon on Q1 2020 Results - Earnings Call Transcript

Afya Limited (NASDAQ:AFYA) Q1 2020 Earnings Conference Call May 29, 2020 11:00 AM ET Company Participants Renata Couto - Head of Investor Relations Virgilio Del

Rising US job losses stoke fears of lasting economic damage amid pandemic

The numbers are extraordinarily high by historical standards, economists have warned.

US layoffs climb to 41 million despite businesses reopening

WASHINGTON, DC, United States (AP) — An estimated 2.1 million Americans applied for...

Rising US job losses stir fears of lasting economic damage

WASHINGTON — The coronavirus crisis threw at least 2.

Rising US job losses stir fears of lasting economic damage

WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that the scourge is doing deep and potentially long-lasting damage to the U.S. economy.Despite a few glimmers of hope, most of the latest economic news from around the globe was likewise grim, as some of the world's most populous countries reported rising infections and deaths. The confirmed U.S. death toll has surpassed 100,000, the highest in the world.The latest job-loss figures from the U.S. Labor Department bring to 41 million the running total of Americans who have filed for unemployment benefits since the coronavirus shutdowns took

US layoffs climb to 41 million, despite business reopenings

An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country

Rising US job losses stir fears of lasting economic damage

WASHINGTON — The coronavirus crisis threw at least 2.

Costco to resume free samples in June

Costco's CFO said resuming sampling is important in making customers excite to return to Costco stores.

Costco to resume free samples in June

Free samples were temporarily halted at all Costco locations due to the coronavirus, but the wholesale company said the samples will resume in June.

Costco to bring back free samples next month – but it's not going to be like it was

"It's not going to be where you go and just pick up an open sample with your fingers," said Costco's CFO.

Costco to bring back free samples – but it’s not going to be like it was

Don’t expect it to be the same free-food free-for-all you were used to, Costco shoppers. After temporarily discontinuing the practice in early March, Costco is planning to once again offer free

Costco to resume free samples in June

Costco's CFO said resuming sampling is important in making customers excite to return to Costco stores.

Costco to resume free samples in June

Costco's CFO said resuming sampling is important in making customers excite to return to Costco stores.

Brookfield open to working with other Virgin bidders

Brookfield is back in the Virgin race. A big weekend of negotiations loom, but only two bidders can be allowed to go past Monday.

Deloitte's call for Virgin emergency cash rejected as liquidity fears rise

The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.

Brookfield re-enters race for Virgin with surprise bid

It remains unclear how Brookfield's 11th-hour pitch will affect the rest of the process, which will see the administrators reduce the bidders to just two.

The man leading the fight for Australia's second airline

Virgin Australia has been the highest-profile victim of COVID-19. And its collapse has thrown the formerly under-the-radar Vaughan Strawbridge into the spotlight.

Deloitte's call for Virgin emergency cash rejected as liquidity fears rise

The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.

Deloitte's call for Virgin emergency cash rejected as liquidity fears rise

The federal government has rejected at least one direct plea from Virgin Australia's administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.

UN chief warns leaders pandemic may cause historic famine

Secretary-General Antonio Guterres warns up to 1.6 billion people may be unable to earn a living unless action taken now

UN chief warns leaders pandemic may cause historic famine

The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.

U.N. chief warns leaders coronavirus pandemic may cause historic famine | Honolulu Star-Advertiser

UNITED NATIONS >> The U.N. chief today warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living unless action is taken now.

Tourists could begin to return to Hawaii by late summer, economic report says | Honolulu Star-Advertiser

The latest economic projections from the University of Hawaii Economic Research Organization suggest it will take at least two years for the mainland economy to recover from the coronavirus pandemic, with tourists beginning to return to Hawaii in late July of this year.

UN chief warns leaders pandemic may cause historic famine

The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living unless action is taken now.

UN chief warns leaders pandemic may cause historic famine

The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a living.

Global stocks fall as investors brace for Trump to hit China with a 'bazooka'

Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...

World shares fall as Hong Kong, U.S.-China tensions weigh

Shares fell Friday in Europe and Asia as investors awaited a news conference about China by President Donald Trump later in the day.

European stocks fall on rising U.S.-China tensions

European stocks fell Friday, with investors ahead of a press conference by President Donald Trump over China, amid rising tensions between the countries,...

Asia shares fall as US-China tensions douse rally on Wall St

Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.

Asia shares fall as U.S.-China tensions douse rally on Wall St

Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

India's economic growth slowed to 3.1 percent in January-March and to an 11-year low of 4.2 percent for the full fiscal 2019-20 amid a drop in consumption and investment.

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

'We had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent. It is a telling commentary on the economic management of the BJP government,' he tweeted.

Low Q4 growth telling commentary on economic mismanagement of BJP govt: P Chidambaram

"Remember, this is pre-lockdown. Of the 91 days of Q4, lockdown applied to only 7 days," the former finance minister said.

‘Telling commentaryon BJP management’: Cong hits out after dip in GDP growth rate

Congress leader and former finance minister P Chidambaram blamed the government’s economic management for the new low in GDP growth.

Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram

India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment.

Syros Pharmaceuticals (SYRS) Investor Presentation - Slideshow

The following slide deck was published by Syros Pharmaceuticals, Inc. in conjunction with this event.

Spring Bank Pharmaceuticals (SBPH) Investor Presentation - Slideshow

The following slide deck was published by Spring Bank Pharmaceuticals, Inc. in conjunction with this event.

BridgeBio Pharma (BBIO) Investor Presentation - Slideshow

The following slide deck was published by BridgeBio Pharma, Inc. in conjunction with this event.

Two Harbors Investment (TWO) Investor Presentation - Slideshow

The following slide deck was published by Two Harbors Investment Corp. in conjunction with this event.

NuCana (NCNA) Investor Presentation - Slideshow

The following slide deck was published by NuCana plc in conjunction with this event.

Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS

Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest on FD etc, on which tax has not been deducted.

Income tax dept revises Form 26AS; now includes real estate, share transaction details

It will also assist the taxpayers to identify and take corrective action, in case any incorrect information/ detail is reported in Form 26AS

Got Cryptocurrency? Get Ready For An IRS Audit

The IRS is hiring cryptocurrency experts to assist in virtual currency audits, a clear signal those audits will be on the rise.

Soon Form 26AS to disclose more details from high-value deposits, expenditure to investments

Under the tax law, banks, mutual funds, companies and registrar, etc are supposed to furnish details of high value transactions

New comprehensive I-T form to come in handy for taxman

Tax authorities will now have information regarding taxpayers' transactions in stocks and property, along with other financial transactions, in any given year after the Central Board of Direct Taxes (CBDT) notified the new form 26AS — an annual information statement — on Thursday.

No nation has veto power over AfDB, African leaders back Adesina

Former African leaders have thrown their weight behind the embattled President of the African Development Bank, AfDB, Dr. Akinwumi Adesina.

AfDB says ‘no decision’ yet on demands for probe of Akinwumi Adesina

The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a US push for an outside probe into its president, Akinwumi Adesina accused by whistleblowers of ethics breaches. US Treasury Secretary Steven Mnuchin says Washington is dissatisfied with the outcome of an internal inquiry that has exonerated AfDB chief Akinwumi Adesina.Read More

[ICYMI] Obasanjo writes former African presidents, rallies support for AfDB’s Adesina

Former President of Nigeria, Olusegun Obasanjo, has called on former African presidents to support President of AfDB, Dr Akinwumi Adesina,

African Development Bank says 'no decision' yet on demands for probe

Niale Kaba, the chair of the African Development Bank board, counters what she says was 'false' information

African Development Bank says ‘no decision’ yet on demands for probe

Abidjan, Ivory Coast | AFP | The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a US push for an outside probe into its chief, accused by whistleblowers of ethics breaches. US Treasury Secretary Steven Mnuchin says Washington is dissatisfied with the outcome of an internal inquiry that has exonerated AfDB …

Airlines issue travel vouchers to avert refunds

HARD hit by loss of business due to Covid-19 induced travel restrictions, airlines are issuing travel vouchers to passengers who purchased advance tickets and encouraging them to reschedule their flights instead of cancelling. A number of airlines have posted on their online platforms or websites while some have contacted passengers who booked with them before March when most of the flights were suspended, advising them to re-book for future using the same tickets. Some of the airlines are offering vouchers of the same value with the ticket held by the passengers for future use. Aviation is one of the sectors worst affected by the global pandemic with revenue losses estimated at around more than US$200 billion this year. The International Air Transport Association (IATA) has estimated a US$23 billion potential revenue loss by carriers in Africa and Middle East, with Middle East expected to lose US$19 billion and Africa US$4 billion this year. Aviation experts fear some airlines might collapse due to liquidity…

Ryanair customers could be waiting up to six months for refunds

It will take three to six months for Ryanair to get through the backlog of refunds of cancelled flights.

Feds won't force airline ticket refunds for COVID-19 cancellations

The federal government is signalling that it won't force airlines to offer refunds to ticket holders for flights cancelled during the COVID-19 pandemic.

Feds won't mandate refunds

The federal government is not committing to a bailout of the Canadian airlines sector - but is also not planning to require air carriers to refund ticket holders for the flights cancelled during the COVID pandemic as some consumers have requested.

Careful When Booking Covid Flights - Some Aren’t Real

Some airlines may be selling tickets for flights they have no intention of operating, in order to lock customers into time-limited vouchers.

SpiceJet Gets DGCA Approval To Conduct Drone Trials; To Be Used In Delivery Of Essential Supplies

Airline major SpiceJet plans to use drones for cost -effective delivery of medical, essential supplies and e-commerce. The airline company, the only one till now, has received approval from the Directorate General of Civil Aviation (DGCA) to conduct drone trials.

SpiceXpress: SpiceJet gets DGCA nod for drone trials

Low cost carrier SpiceJet has received formal approval from the Directorate General of Civil Aviation (DGCA) to conduct drone trials, the airline said on Friday.Post trials and approvals, SpiceXpress, the dedicated cargo arm of SpiceJet, plans to use drones to provide for a quicker, faster and a cost-effective delivery

SpiceJet gets DGCA approval to conduct drone trials, plans delivery of essentials in remote areas

A SpiceXpress-led consortium had submitted a proposal to the regulator for conducting experimental Beyond Visual Line of Sight (BVLOS) operations of remotely piloted aircraft in response to a DGCA notice inviting Expression of Interest.

SpiceJet gets DGCA approval to conduct drone trials, will deliver essential goods in remote areas

Earlier this month, the Ministry of Civil Aviation granted exemptions to 13 consortia, to operate drones on an experimental basis.

SpiceXpress receives DGCA approval for drone trials

Post trials and approvals, the airline plans to use drones in delivery of essential supplies to remote areas, the company said in a release.

IDC: Hearables market sees growth, but smartwatch sales decline in Q1 2020

The first quarter of 2020 had the wearables market see a significant growth despite the ongoing Coronavirus pandemic. According to an IDC report, the hearables market has seen impressive growth during this time of crisis, while smartwatches and fitness trackers have seen a decline in sales. The hearables category includes all the headphones, earphones earbuds, …

IDC: Hearables market on the rise, but smartwatch sales have declined in Q1 2020

Global shipments for wearables went up by 29.7% YoY with 72.6 million units shipped.

Wearable device shipments increased nearly 30 percent YoY in Q1

Notably, IDC said growth was disproportionately spread across various form factors of wearables. The earwear category grew an impressive 68.3 percent and accounted for 54.9 percent of the entire wearables market. Fitness trackers, meanwhile, grew by 16.2 percent during the same period.

Samsung's global wearables shipments grew by 71% for the first quarter of 2020

The latest IDC report on the wearables market (for the first quarter of 2020 (1Q2020)) shows that its watch sector declined. However, this shortfall was addressed by gains made by the audio and band categories. Apple remained the #1 brand in terms of shipments, although Samsung posted the greatest year-on-year (YoY) growth.

Apple tops wearables Q1 growth, but wristbands, hearables lead the segment

The International Data Corporation (IDC) report says smartwatches and basic ones registered a decline in growth, which was offset by wristbands and hearables.

Coronavirus: What help are self-employed getting from government?

What is being done for the five million self-employed people in the UK facing a sudden loss of income?

Government's self-employment support scheme extended – what you need to know

The Government's Self-Employment Income Support Scheme will be extended and will pay out another single grant covering three months, the Chancellor has announced today. It's also said this will be

Virus-hit self-employed to receive second payment

Applications for a "second and final" grant of up to £6,570 will open in August, the chancellor says.

New self-employment grant and furlough details: What does it all mean?

Businesses will need to start contributing to furloughed wages and the self-employed can apply for a new grant from August.

New self-employment grant and furlough details: What does it all mean?

Businesses will need to start contributing to furloughed wages and the self-employed can apply for a new grant from August.

Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out

Over the past few weeks, analysts have said Bitcoin is finally finding a local top.

Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher

After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this

Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why

Bitcoin has been on an impressive rally over the past two months.

Bitcoin Risks a Free-Fall to $7,000 Despite Strong Fundamentals, Analysts Warn

Fundamental strength may not be enough to stop Bitcoin from seeing a decline into the $7,000 region – according to one prominent trader.

Mysterious Bitcoin Whale Who Kickstarted Previous Crashes Appears Again

Blockchain data has revealed that a mysterious Bitcoin whale that's transacted over $350 million worth of BTC has just received a large sum of supply.

'Historic measure': Spain backs minimum income for most vulnerable

"A country does not prosper if it leaves out part of its population," said Spain PM Pedro Sanchez as his government backed the introduction of a minimum income for the country's most vulnerable.

Spain government okays basic income scheme to tackle poverty

Spain's leftwing government approved a minimum basic income scheme on Friday to tackle a spike in poverty stemming from the virus crisis that has ...

Spain takes 'giant step' on guaranteed minimum income

The minimum income guarantee was a condition included in the coalition agreement between the Socialists and the leftist group Unidas Podemos, after the indecisive results of the November national elections.

Spain govt okays basic income scheme to tackle poverty

Spain's leftwing government approved a minimum basic income scheme on Friday to tackle a spike in poverty stemming from the virus crisis that has forced many families to rely on food aid.

Spain's government pushes through basic income guarantee to fight poverty

The Spanish government approved on Friday the creation of a minimum income worth 462 euros ($514) a month for the poorest, Deputy Prime Minister Pablo Iglesias told a news conference, in a scheme tha…

It’s No Longer Trump’s Economy, It’s Covid-19’s

Trump’s re-election chances depend on how, where and when the pandemic affects the economy.

Trump takes aim at WHO as US economic outlooks worsens

In the U.S., the virus threw more than 2 million people out of work last week despite the gradual reopening of businesses, stoking fears the scourge is doing deep and potentially long-lasting damage to the world's largest economy.

Are State Reopening Policies Turning The Economy Around?

There may be some slight economic improvement in more aggressive “reopening” states. But the nation’s overall economic picture remains very troubled. And a too-aggressive reopening before the virus is under control could feed a second disease wave later this year.

White House Punts Economic Update in Election Year

The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election.

Restarting The American Economy: The Most Essential Factors

According to some sources, unemployment is expected to reach 25.2% by the end of this year.

EUR/USD: Four reasons for a correction

EUR/USD has hit 1.11 – the highest since March – amid hopes for EU stimulus, dollar weakness but the sharp run may be followed by a temporary rethink

EUR/USD climbs to 2-month tops beyond 1.1100

The upside momentum in the shared currency remains everything but abated on Friday and is now lifting EUR/USD to fresh tops in levels beyond 1.1100 th

EUR/USD: The trend is positive but a setback is on the cards

Another day, another round number smashed – at 1.11, the world's most popular currency pair is trading at the highest since March while Friday's four-

EUR/USD: Balance of risks shifting in favour of stronger euro – MUFG

Analysts at MUFG Bank point out the EUR/USD pair finally broke above the 1.1000 level and argue the current advance was built on firmer foundations. T

EUR/USD options market bias has flipped bullish, risk reversals show

On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 1

Britain pushing US to form 5G club of nations to cut out Huawei

Britain said Friday it was pushing the United States to form a club of 10 nations that could develop its own 5G technology and reduce dependence on China's controversial telecoms giant Huawei.

Britain pushing US to form 5G club of nations to cut out Huawei

Britain said Friday it was pushing the United States to form a club of 10 nations that could develop its own 5G technology and reduce dependence on China's controversial telecoms giant Huawei. The issue is expected to feature at a G7 summit that US President Donald Trump will host next month against

Britain pushing US to form 5G club of nations to cut out Huawei

London, United Kingdom | AFP | Britain said Friday it was pushing the United States to form a club of 10 nations that could develop its own 5G technology and reduce dependence on China’s controversial technology giant Huawei. The issue is expected to feature at a G7 summit that US President Donald Trump will host next …

Britain seeking new entrants to 5G market: PM's spokesman

LONDON (Reuters) - Britain set out in January that it was seeking entrants into the market for 5G telecommunications and that London is speaking to allies about it such as the United States, a spokesman for Prime Minister Boris Johnson said on Friday.

UK Wants 5G Club Of 10 Countries, Including India, To Cut Out China's Huawei: Report

Britain said Friday it was pushing the United States to form a club of 10 nations that could develop its own 5G technology and reduce dependence on China's controversial technology giant Huawei.

GBP/USD: The pound is set to see losses amid geopolitical strains

GBP/USD has struggled to take advantage of dollar weakness amid a slew of British issues. Sino-American tensions, Brexit speculation, and end of month

GBP/USD: New month, new falls amid a never ending Brexit story

GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. The first week of June consists of top-tier US publica

Pound Sterling Price News and Forecast: GBP/USD – Falling on Friday? [Video]

The broad dollar weakness is really helping Cable bulls at the moment, so much so that there is a renewed prospect of continued recovery. In the past

Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH

The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis

Pound-to-New Zealand Dollar Rate Breaking Down into New Lower Range, but Nears Support

The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis

Chile, Peru secure credit lines from IMF amid pandemic

(UPDATED) The International Monetary Fund grants Chile a $24-billion credit line and Peru an $11-billion credit line, both for two years

Chile, Peru secure credit lines from IMF amid pandemic

The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic.

Peru secures US$11b credit line from IMF

WASHINGTON, May 29 — Peru has secured a two-year, US$11 billion (RM48 billion) credit line from the IMF as the South American nation battles the growing impact of the coronavirus pandemic. The Flexible Credit Line, which the IMF announced late yesterday, is a renewable funding mechanism granted...

Bangladesh becomes 60th nation to receive IMF pandemic aid

The coronavirus outbreak is severely affecting Bangladesh's exports of ready-made garments and remittances, notes the International Monetary Fund

IMF Approves $732 Million to Help Bangladesh Address Effects of Coronavirus Measures on Economy

WASHINGTON (Sputnik) - The International Monetary Fund (IMF) said in a statement that it has approved a $732 million funding to help Bangladesh overcome the impact of...

Pradhan envisages home delivery of petrol, CNG

“The government has already started mobile dispensers for diesel.”

Dharmendra Pradhan envisages home delivery of petrol, CNG

After doorstep delivery of diesel, the government is looking at starting home delivery of petrol and CNG for the greater convenience of customers, Oil Minister Dharmendra Pradhan said on Friday.

Govt is looking at starting home delivery of petrol, CNG: Pradhan

Indian Oil Corp (IOC), the nation's largest fuel retailer, started home delivery of diesel through a mobile dispenser in 2018. This service is available only in a handful of cities.

Home delivery of petrol, CNG: Govt mulling new retailing model to make all fuels available at one place

The minister said city gas network of CNG supplies to automobiles and piped cooking gas to kitchens will soon cover 72 per cent of the country's population.

Forex reserves soar to lifetime high of $490 billion, shows RBI data

In the previous week, the reserves had increased by $1.726 billion to $487.04 billion.

Foreign Exchange Reserves Soar To Record High Of $490.04 Billion

The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.

Forex reserves soar to record high of $490.04 billion

The country's foreign exchange reserves swelled by USD 3.005 billion to a lifetime high of USD 490.044 billion in the week to May 22, mainly on account of a rise in foreign currency assets, RBI data

India's forex reserves soar to record high of $490.04 billion

Foreign currency assets (FCA), a major component of the overall reserves, increased by $3.035 billion to $451.706 billion in the reporting week, Reserve Bank of India (RBI) data showed.

Rony Abovitz confirms Magic Leap's new funding, will step down as CEO

Magic Leap has secured new funding to back its plan in building augmented reality tech for business use, but it will eventually move forward with a new CEO as Rony Abovitz is stepping down.

Magic Leap CEO Rony Abovitz to Step Down After Company Fails to Deliver

Magic Leap CEO resignation comes weeks after company lays of 1,000 employees and warns of closure without capital injection.

Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down

Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…

Magic Leap CEO Rony Abovitz is stepping down

Magic Leap founder Rony Abovitz confirmed he has raised a new round of funding, and he also announced he will step down as CEO.

Magic Leap CEO to step down

Mixed reality headset manufacturer Magic Leap announced founder and CEO Rony Abovitz will leave his ...

Exxon Mobil: Higher Oil Prices To Recover Share Price

Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec

Keep It Simple and Avoid Exxon Mobil Stock

Higher oil prices may have investors considering buying Exxon Mobil stock. But, the murkiness surrounding demand makes the stock a poor bet.

Protecting the Dividend at Any Cost Is a Real Risk to Exxon Mobil Stock

An obsession with maintaining its dividend by racking up debt in these uncertain times is a drag on Exxon Mobil Stock.

Fossil Fuels

A federal court in Massachusetts remanded the state’s claims against Exxon Mobil alleging the oil company deceived investors by denying and downplaying the risks of burning fossil fuels on the planet.

The 5 Best 5G Stocks on the Market Today for Investors

From chipmakers to wireless networks, these 5G stocks offer potential investors a few different angles to play the upcoming 5G rollout.

The 9 Best Cheap Stocks to Fill Up On Now

Due to the devastation of the coronavirus, cheap stocks are a dime a dozen. However, these nine ideas may offer significant upside.

7 5G Stocks to Buy for the Future of Telecom

Sure, many investors are still obsessing over the coronavirus, but it's time to invest in the future. That's why these 5G stocks are buys now.

Don’t Miss the RCL Stock Rally

With a good deal of fear priced into RCL stock, investors should act before they miss the recovery of share prices.

U.S. Incomes Soared 10.5% in April and Saving Rate Hit Highest Level Ever

Government payments boosted income in April but Americans shut in their homes spent nearly $2 trillion less than they had a month earlier. | Economy

Consumer Spending Fell 14% In April, Led By Much Lower Food Expenses

Disposable incomes rose by 13%, lifted by federal coronavirus relief efforts, but a lot of this extra cash ended up in savings accounts.

Surge in U.S. Incomes Masks Fragile Situation for Many Americans

April’s record plunge in U.S. consumer spending came with an unexpected twist: a record surge in Americans’ incomes, which had been forecast to decline amid massive job losses.

US consumer spending sinks by record 13.6% in face of virus

Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.

CannTrust Holdings greenhouse licenses reinstated, plans restart of operations

VAUGHAN, Ont. — CannTrust Holdings Inc. says Health Canada has reinstated its licenses for its greenhouse in Niagara and that it will immediately restart operations.

CannTrust Holdings greenhouse licenses reinstated, plans restart of operations

CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.

CannTrust plans to restart Niagara greenhouse after Health Canada reinstates licence

The cannabis company says it cannot say when its products will be available in the market as that depends on a Health Canada decision regarding its manufacturing facility in Vaughan, Ont.

CannTrust back in business

CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.

Dollar in narrow range as focus shifts to Trump's China response

Dollar in narrow range as focus shifts to Trump's China response

Dollar in narrow range as focus shifts to Trump’s China response

The local currency shone on Thursday, gaining traction versus the dollar, amid trivial activity. Despite demand for dollars from the corporate and interbank players, the shilling was propelled to close at the 3775-3785 levels as the market was crammed with end month foreign currency inflows. Ahead of the weekend, the home unit may hold on to its recently acquired gains and possibly set new ranges. The dollar was hemmed into a narrow trading range yesterday as traders’ focus shifted to U.S. President Donald Trump’s response to China’s passage of a national security law for Hong Kong. The greenback was on course for a weekly loss against major currencies as progress in lifting coronavirus lockdowns and stimulus plans in Europe weakened demand for safe havens, but the mood could quickly worsen if Sino-U.S. tensions increase.

Yen perks up, dollar sags as markets jittery before Trump speaks on China

TOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows. The dollar drifted lower against the euro and the British pound but could quickly reverse course amid...

Dollar bides time, yuan falls before Trump takes stage on China

TOKYO — The dollar was hemmed into a narrow trading range on Friday as traders’ focus shifted to U.

Powell: Fed to soon begin 'challenging' Main Street lending

Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed's Main Street Lending is geared toward medium-sized companies

Powell Speech: Fed is strongly committed to using its tools

The Federal Reserve is committed to using its tools, Jerome Powell, Chairman of the Federal Reserve System, reiterated on Friday while delivering a sp

Powell speech: Evidence on whether negative rates work is mixed

The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese

Fed Chair Jerome Powell says the coronavirus recession has been a 'great increaser of income inequality' — with low-paid workers and women bearing the brunt of the fallout

The Fed chief singled out women and hourly workers in the service industries as the segment of the population weathering the brunt of the fallout.

Saudi Arabia Moved $40 Billion in Reserves to Sovereign Fund

Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent market turmoil.

Saudi Arabia moved US$40 billion in reserves to sovereign fund

The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets.

Saudi Arabia says it provided $40 billion to PIF from foreign reserves

Saudi Arabia says it provided $40 billion to PIF from foreign reserves

Saudi Arabia transfers $40bn to back wealth fund’s spending spree

Finance minister confirms move as kingdom seeks to scoop up foreign assets at depressed prices

China says Canada is an accomplice of U.S. in Huawei case

BEIJING (Reuters) - China’s foreign ministry said on Friday that Canada is an accomplice to the U.S. government’s efforts to bring down Chinese tech giant Huawei and said Canada should immediate release Huawei executive Meng Wanzhou.

Huawei's ambitions for Canada stalled by rift with China, security expert says

Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.

Huawei ambitions stalled

Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.

Huawei's ambitions for Canada stalled by rift with China, security expert says

TORONTO — Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.

Why CBN slashed monetary policy rate - Official

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why it slashed the monetary policy rate, popularly called lending rate, from 13.5 per cent to 12.5 per cent.

Analysts welcome reduction of lending rate by CBN

Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would

Ex-CBN director lauds MPC over interest rate reduction

A financial expert, Dr Titus Okunrounmu, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the interest rate by one-percentage-point from 13.5 per cent.

Access Bank plans more loans for health care - The Nation Nigeria

Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...

Main Street’s Pandemic-Led Shift To Digital Innovation

With the lockdown of the United States economy, SMBs faced the choice of finding digital ways to reach customers or run the risk of going out of business.

Creating Value Through Digital Transformation

Surviving the most challenging economic conditions since the Great Depression, and thriving once the pandemic eases, requires flexible and imaginative thinking and the ability to manage the innovation process.

Main Street’s Digital Shift, ATM Innovation, PPP Loans Top This Week’s News

The Weekender has deep dives on Main Street's digital shift, ATM innovation and PPP loans.

Almost all firms 'forced to rethink tech priorities'

Global pandemic triggers shift to an almost completely digital working set-up.

Japan factory output and retail sales slump as pandemic hits autos

Official data Friday showed factory output slipped 9.1 percent in April from the previous month.

German Retail Sales drop 5.3% MoM in April vs. -12% expected, EUR/USD keeps 1.11

more to come ...

Pandemic's hit to Japan's factory, retail sectors deeper than expected

TOKYO — Japan’s April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy.

Pandemic hit to Japan's factory, retail sectors deeper than expected; jobless rate up to 2.6%

Japan's April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy. Global activity ground to a halt in April as government-imposed lockdowns due to the pandemic disrupted…

Goldman Takes Bitcoin To Task

Goldman analysts have stated that cryptos such as bitcoin are "not an asset class," as they do not generate cash flow or earnings.

A Goldman Sachs cryptocurrency report angered true fans

On Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment .

‘Not an Asset Class’ Bitcoin Spiked by 100,000,000% Since 2011

Goldman Sachs is missing the fact that Bitcoin has provided an unprecedented 100,000,000% return on investment since 2011.

Deposits at Marcus Increased by $26 Billion in Q1 versus Same Quarter Last Year, Meanwhile Robo-Advisor is Delayed

Goldman Sachs (NYSE:GS) has been in the Fintech news quite a bit as of late. Recently, Goldman upset Bitcoin lovers because the global investment bank claime

Fintech marketplace Stackin secures $12.6 million ahead of UK launch

Stackin, a US startup that helps consumers navigate the crowded fintech space, has raised a $12.6 million Series B funding round led by Octopus Ventures.

CBA offers $150,000 in seed funding to startups helping small businesses

Commonwealth Bank of Australia's fintech investment vehicle, X15 Ventures, is to run a virtual pitch event for startups with technology capable of supporting small business owners, with the winning ideas to receive seed funding of up to $150,000.

AI Startup Accern Secures $13 Million Through Series A Funding Round

Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fu

Text Message Finance: Stackin’ Raises $12.6 Million

Stackin' has raised a $12.6 million Series B funding round led by Octopus Ventures, according to a company release. Other investors in the funding round includ

India's economic growth dips during coronavirus pandemic

NEW DELHI — India’s economy grew by 4.2% in the fiscal year that ended in March, down from 6.1% the previous year, the government said Friday, and is likely to contract this year because of the coronavirus pandemic. The growth dipped to 3.1% in January-March, the last quarter of the fiscal year, as the country …

India's economic growth dips during coronavirus pandemic

NEW DELHI (AP) — India’s economy grew by 4.2% in the fiscal year that ended in March, down from 6.1% the previous year, the government said Friday, and is likely to contract this year because of the coronavirus pandemic.The growth dipped to 3.1% in January-March, the last quarter of the fiscal year, as the country began feeling the effect of the pandemic, the Ministry of Statistics and Program Implementation said.It said in a statement that the estimate may be revised as more data is gathered from businesses affected by a nationwide lockdown imposed on March 25 that is currently scheduled to end on Sunday. The government has not yet said whether it will be extended.The main opposition Congress party said that 4.

India's economic growth dips drastically during coronavirus pandemic

Indian economy grew by 4.2% in fiscal year ending March, down from 6.1% previous year

S&P: Indian economy will shrink by 5% in FY21 due to coronavirus crisis

In its latest report, S&P Global Ratings predicted India’s economy to contract 5% in the current fiscal year (FY2021), as the coronavirus pandemic con

KCR launches last phase of Rs 1 trn Kaleshwaram Lift Irrigation project

The project is designed to lift as much as 180 thousand million cubic feet of water from the River Godavari

CM KCR upbeat on achieving 165 TMC of additional water storage capacity

Chief Minister K Chandrashekhar Rao has said that the bold decision of taking up the multi stage Kaleshwaram Lift Irrigation Scheme

KCR hints at ‘surprise’ package for farmers

Telangana CM inaugurates Kondapochammasagar, the 10th lift reservoir in the Kaleshwaram project

KCR hints at ‘surprise’ package for Telangana

CM inaugurates Kondapochammasagar, the 10th lift reservoir in the Kaleshwaram project

Nutanix: Strong Subscription Revenue Proves Bull Thesis

Nutanix reported revenue and billings growth of 11% during the quarter, though subscription revenue grew an impressive 55% and represents ~82% of total revenue.

Better Buy: Alibaba vs. Alphabet

These two technology giants are leaders in their respective markets. Discover what makes one a better investment choice.

2 Stocks I'll Hold Forever

These companies both have the capacity to keep growing their revenues at a strong and steady pace for the long term.

Better Buy: Zoom Video Communications vs. Microsoft

Both companies are enjoying strong growth. But is the new tech upstart or the veteran the superior investment choice?

Kildare businesses call on Government to extend wage subsidy scheme

"Ahead of today’s Cabinet meeting, County Kildare Chamber has called for the Government to reform and extend the Temporary Wage Subsidy Scheme (TWSS) beyond its initial June deadline, and e...

Wage subsidy auditing figures only collected quarterly - MSD

Government ministers are not receiving up to date figures on breaches of the $10 billion wage subsidy scheme, and one Minister's office says "it's...

Parents returning from maternity or adoptive leave will be included in coronavirus wage subsidy scheme

PARENTS returning to work from maternity or adoptive leave will be included in a government scheme to subsidise their wages during the Covid-19 crisis.

Lax reporting of wage subsidy audits will encourage fraud

The Government’s lax approach to monitoring wrongful wage subsidy claims sends a dangerous message, says the New Zealand Taxpayers’ Union.

June 2020 week one fuel price – RON 95 goes up to RM1.43, RON 97 to RM1.73, diesel up 10 sen to RM1.61

Another Friday, which means its time for the regular weekly fuel price update. Not so pleasant news yet again for motorists as fuel prices continue on an

Big petrol price increase coming in June – AA

The AA has predicted that fuel prices will rise substantially in June.

SA facing ‘hefty’ petrol price increase in June (plus diesel shortages)…

The Automobile Association says South Africa’s fuel prices are set to climb in June in a “dramatic reversal of April's chaotic fuel market”.

Expect a big jump in the petrol price next week

In a dramatic reversal of April’s chaotic fuel market, fuel prices are set to climb in June, the Automobile Association (AA) says, citing unaudited month-end fuel price data released by the Central Energy Fund.

Google Withdraws Offers To More Than 2,000 Contract Workers

More than 2,000 people who had signed employment agreements with Google as temp and contract workers have had their offers rescinded.

Google has rescinded thousands of job offers to temporary and contract workers, as the company continues to feel the sting of the pandemic

In its latest cost-cutting measure, Google has reportedly rescinded job offers to more than 2,000 contractors who were preparing to join the company.

Google (NASDAQ: GOOGL) Terminates Thousands of Job Offers as It Continues to Battle a Plunge in Ad Revenue

Google has now canceled the job offers of thousands of temporary and contract workers as it continues to battle a decline in ad revenue

Google Rescinds Offers To Thousands of Contract Workers

Google, facing an advertising slump caused by the pandemic, has rescinded offers to several thousand people who had agreed to work at the company as temporary and contract workers. From a report: "We're slowing our pace of hiring and investment, and are not bringing on as many new starters as we had...

Brazil’s Embraer draws foreign interest after Boeing rift, say sources

SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...

Brazil’s Embraer drawing foreign interest after collapse of Boeing deal

China’s state-owned COMAC plane maker has voiced informal interest in co-operation with the world’s third-largest jet maker, sources said

Exclusive: Brazil's Embraer draws foreign interest after Boeing rift - sources

Exclusive: Brazil's Embraer draws foreign interest after Boeing rift - sources

Exclusive: Brazil's Embraer draws foreign interest after Boeing rift - sources

Aircraft makers are circling Brazil's Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with ...

Pier 1 Imports gets approval from a judge to liquidate its remaining stores

"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.

Pier 1's 'awful day' arrives with judge approving liquidation

The end is near for Pier 1 Imports Inc.

Pier 1’s ‘Awful Day’ Arrives With Judge Approving Liquidation

The end is near for Pier 1 Imports Inc.

Pier 1 Imports gets approval from a judge to liquidate its remaining stores

"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.

NZD/USD drops to daily low at 0.6170 ahead of US Pres. Trump's presser

The NZD/USD pair capitalized on the broad-based USD weakness and surged to its highest level since March 12th at 0.6241. However, the risk-averse envi

NZD/USD climbs above 0.6200 on broad USD weakness

After trading defensively and falling below 0.6200 during the Asian trading hours, the NZD/USD pair gained traction in the last hour and climbed to a

USD/CHF dives to 4-week lows, around 0.9600 mark amid notable USD supply

The intraday USD selling bias picked up pace during the early European session and pushed the USD/CHF pair to near four-week lows, around the 0.9600 m

Gold clings to gains near session tops, around $1725 region

Gold edged higher during the early European session and climbed back closer to the previous day's swing high, around the $1727 region. The precious me

Government announces furlough scheme changes – what you need to know

The Chancellor Rishi Sunak has announced a series of changes to the Government's furlough scheme today, including workers being able to go back part-time from July. Here's what you need to know

Coronavirus Employees' Help

If you're worried about work during the coronavirus crisis, this guide looks at your rights as an employee including who's eligible to be furloughed.

TWSS open to women returning from maternity leave

The Temporary Wage Subsidy Scheme has been amended to allow women who were on maternity leave to access the payment.

Coronavirus: What does it mean if I've been furloughed by work?

Millions unable to do their job due to coronavirus will have their wages paid by a new scheme.

GBP/USD still faces further consolidation – UOB

Cable is still seen navigating within the 1.2150/1.2350 range, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday t

NZD/USD faces a tough barrier around 0.6230 – UOB

NZD/USD should clear the 0.6230 region to allow for the continuation of the uptrend, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “

USD/JPY: Extra consolidation remains the name of the game – UOB

In opinion of FX Strategists at UOB Group, USD/JPY is still seen navigating within the current consolidative theme in the next weeks. Key Quotes 24-ho

USD/CNH: Extra gains need to clear 7.2000 – UOB

According to FX Strategists at UOB Group, USD/CNH’s outlook remains positive and is expected to climb further on a breakout of the 7.20 level. Key Quo

Credit growth 'stops' in April

Lending growth froze in April for the first time since 2011 due to a plunge in credit card spending by shoppers during the coronavirus shutdowns.

Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn

Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion

Aussie credit growth screams deleveraging

Via the excellent Damien Boey at Credit Suisse:

Budget deficit hits $40b and still rising

The federal budget deficit had blown out to $40 billion by the end of April, as coronavirus emergency spending began to kick in and tax revenue was squeezed.

SoftBank Vision Fund CEO Gets 113% Pay Raise Despite Massive Losses

The Vision Fund chief saw his salary more than double despite historic losses at the Japanese tech group.

SoftBank Vision Fund head's pay doubled last year despite massive losses

SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.

SoftBank investment chief given 113% pay rise despite Vision Fund woes

Ex-Deutsche trader Rajeev Misra earns $15m even after historic losses at Japanese tech group

Softbank-backed Coupang becomes central to new South Korean COVID-19 outbreak | ZDNet

Over 100 new cases have been linked to Coupang facilities.

Affin Bank’s net profit falls to RM123.5m in Q1

KUALA LUMPUR, May 29 — Affin Bank Bhd recorded a lower net profit of RM123.57 million in the first quarter ended March 31, 2020 (Q1 2020) from RM137.23 million in the same period last year. The decline was mainly due to additional allowance for credit impairment losses of RM117.1 million as...

IOI Properties’ Q3 profit falls due to Covid-19 pandemic

KUALA LUMPUR, May 29 — IOI Properties Group Bhd’s (IOIPG) net profit in the third quarter (Q3) ended March 31, 2020, fell 63 per cent to RM71.36 million from RM194.70 million a year earlier. Revenue for the quarter declined to RM401.43 million against RM487.74 million previously. The property...

Mah Sing’s Q1 net profit falls to RM30.07m

KUALA LUMPUR, May 29 — Mah Sing Group Bhd’s net profit in the first quarter ended March 31, 2020 (Q1 2020) fell to RM30.07 million from RM55.01 million in the same period last year. Revenue declined to RM371.13 million from RM450.33 million previously. In a filing with Bursa Malaysia today, Mah...

Hap Seng records higher earnings in Q1

KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...

TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month

TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.

TJ Maxx, Marshalls, HomeGoods expect to reopen end of June

There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.

TJ Maxx, Marshalls, HomeGoods expect to reopen end of June

TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.

TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month

TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.

VMware's (VMW) CEO Pat Gelsinger on Q1 2021 Results - Earnings Call Transcript

VMware, Inc. (NYSE:VMW) Q1 2021 Earnings Conference Call May 28, 2020 4:30 PM ET Company Participants Paul Ziots – Vice President-Investor Relations Pat Gelsing

Zscaler, Inc. (ZS) CEO Jay Chaudhry on Q3 2020 Results - Earnings Call Transcript

Zscaler, Inc. (NASDAQ:ZS) Q3 2020 Results Conference Call May 28, 2020 04:30 PM ET Company Participants Bill Choi - SVP, IR Jay Chaudhry - Chairman and CEO Remo

Pure Storage, Inc. (PSTG) CEO Charlie Giancarlo on Q1 2021 Results - Earnings Call Transcript

Pure Storage, Inc. (NYSE:PSTG) Q1 2021 Earnings Conference Call May 28, 2020 17:00 ET Corporate Participants Charlie Giancarlo - Chief Executive Officer Kevan K

Okta, Inc. (OKTA) CEO Todd McKinnon on Q1 2021 Results - Earnings Call Transcript

Okta, Inc. (NASDAQ:OKTA) Q1 2021 Earnings Conference Call May 28, 2020 05:00 PM ET Company Participants David Gennarelli - Head of Investor Relations Todd McKin

SpaceX's Starship rocket prototype explodes during test

No immediate indication of injuries after 394ft rocket exploded in Texas as Elon Musk’s company pursued aggressive development schedule

SpaceX loses another Starship prototype in massive explosion

The fourth Starship is no more

SpaceX Starship test vehicle explodes moments after test-firing

A full-size prototype of SpaceX’s Starship violently exploded in South Texas moments after a test-firing of its Raptor engine Friday, dealing a setback to the company’s next-generation reusable rocket program.

SpaceX Starship Launch Insurance Requirement Jumps To $198 Million

Aerospace manufacturer SpaceX was granted a license for suborbital flights by the FAA yesterday, which included new insurance costs.

Exclusive: Argentina says new debt revamp proposal in right direction, still falls short

Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right ...

Argentina knocks back new debt proposal but says talks progressing

BUENOS AIRES — Argentina knocked back a new debt restructuring proposal from key creditor groups on Thursday as insufficient, but said the offer showed progress was being made toward striking a deal.

Argentina knocks back new debt proposal but says talks progressing

BUENOS AIRES — Argentina knocked back a new debt restructuring proposal from key creditor groups on Thursday as insufficient, but said the offer showed progress was being made toward striking a deal.

Argentina says new debt revamp proposal in right direction, still falls short

Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right ...

COVID-19: Irish PM says good chance social distancing rule can be relaxed

Irish Prime Minister Leo Varadkar raised the prospect on Friday of halving social distancing rules from two metres to one if the rate of ...

Irish PM says good chance social distancing rule can be relaxed

DUBLIN (Reuters) - Irish Prime Minister Leo Varadkar raised the prospect on Friday of halving social distancing rules from two metres to one if the rate of coronavirus infections comes down further in a potential boost to still shuttered restaurants and pubs.

Irish PM says good chance social distancing rule can be relaxed

DUBLIN: Irish Prime Minister Leo Varadkar raised the prospect on Friday of halving social distancing rules from two meters to one if the rate of coronavirus infections comes down further in a potential boost to still shuttered restaurants and pubs. Facing one of the longest shutdowns in Europe, Ireland’s hospitality sector has called for the guidelines to be eased in line with

Irish PM says good chance social distancing rule can be relaxed

Irish Prime Minister Leo Varadkar raised the prospect on Friday of halving social distancing rules from two meters to one if the rate of coronavirus infections comes down further in a potential boost to still shuttered restaurants and pubs.

Study finds B.C. logging continues on critical caribou habitat

Researchers argue that points to Canada’s ongoing failure to protect endangered species

'It is dire:' Study finds B.C. logging continues on critical caribou habitat

The British Columbia government has permitted logging on more than 900 square kilometres of land despite its being listed as critical caribou habitat, says newly released research.

'It is dire:' Study finds B.C. logging continues on critical caribou habitat

The British Columbia government has permitted logging on more than 900 square kilometres of land despite its being listed as critical caribou habitat, says

'It is dire:' Study finds B.C. logging continues on critical caribou habitat

The British Columbia government has permitted logging on more than 900 square kilometres of land despite its being listed as critical caribou habitat, says

UK business confidence at its lowest since December 2008

New survey shows their confidence at new depths, while fear of job losses soar

UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds

The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...

UK business confidence matches 2008 low in May - Lloyds Bank

LONDON — British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.

UK business morale deteriorates to 2008 low in May – Lloyds Bank

According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due t

Instacart’s tip-baiting system is short-changing shoppers, senators say

Congress wants regulators to get involved.

Senators ask FTC to investigate Instacart over 'tip baiting'

A group of US senators has called on the FTC to investigate Instacart and other grocery delivery services for allowing 'tip baiting' that stiffs couriers.

US Senators Ask FTC To Crack Down On ‘Tip Bait’ On Instacart

Four U.S. senators are asking the Federal Trade Commission to look at possibly "misleading" and "unfair" tipping practices on Instacart and other services.

Andhra Paper Q4 net profit up 55% to Rs 93 crore

Andhra Paper's total expenses stood at Rs 234.42 crore as against Rs 285.45 crore, down 17.87 per cent.

ESAF Small Finance Bank Q4 results: Net profit zooms two-folds to Rs 190 crore

The bank's advances grew 37 per cent to Rs 6,818 crore with deposit rising 63 per cent to Rs 7,028 crore.

ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%

Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore

Telangana CM K Chandrasekhar Rao inaugurates Konda Pochamma Sagar reservoir; project will irrigate 2.85 lakh acres land, provide drinking water to Hyderabad

Telangana chief minister K Chandrasekhar Rao on Friday inaugurated the Konda Pochamma Sagar reservoir in Siddipet district, part of the state government's flagship Kaleswaram project across the Godavari river

KCR commissions another component of Kaleshwaram, water flows into Kondapochamma Sagar

In a major boost to the agriculture sector in the dry tracts of Telangana, Chief Minister K Chandrashekhar Rao today inaugurated the 15-TMC Kondapochamma Sagar reservoir in Siddipet district.He switch

CM KCR releases water into Kondapochamma Sagar reservoir

Telangana CM KCR inaugurates Markook pump house releasing water into Kondapochamma Sagar reservoir in Siddipet

Rand falls, focus on Trump's Hong Kong response

Locally, market participants awaited April trade balance figures as well as monthly budget balance numbers due later in the day.

Rand falls, focus on Trump’s Hong Kong response

In fixed income, the yield on the 10-year government bond was up 2.5 basis points at 8.96%.

Rand, stocks drop with focus on US response to China over Hong Kong

The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.

Stocks - US Futures Lower; Consolidating Ahead of Trump Speech

Stocks - US Futures Lower; Consolidating Ahead of Trump Speech

Stocks - Europe Lower Amid Nervousness Ahead of Trump Statement

Stocks - Europe Lower Amid Nervousness Ahead of Trump Statement

Stocks - Europe Lower; Caution Reigns Over Hong Kong

Stocks - Europe Lower; Caution Reigns Over Hong Kong

OGRA proposes new petroleum prices for June

OGRA proposes new petroleum prices for June.

Govt may keep petroleum prices unchanged

Move aimed at shield­ing oil indust­ry from hefty losses­

OGRA proposes Rs7.06 per litre cut in petrol price

Recomm­endati­on in line with decrea­se in global crude prices­

Sanwo-Olu assures Lagosians of affordable housing

Lagos State Governor Babajide Sanwo-Olu said on Thursday that his administration would make available affordable and accessible housing for residents....

Sanwo-olu promises Lagosians affordable houses

Lagos State Governor Mr Babajide Olusola Sanwo-Olu on Thursday promised that his administration will build affordable and accessible houses for Lagosians.

Sanwo-Olu urged to avert post COVID-19 food crisis

The Lagos State, Governor Babajide Sanwo-Olu has been  urged to pay more attention to agriculture to avert  food crisis in the  Stat

NIIT Technologies share buyback issue opens; 10 key things to know

The IT company proposed to raise Rs 337.46 crore through the buyback offer.

Investors can participate in NIIT Tech share buyback through these 2 strategies

Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).

Plus500 Share Price Continues to Fall, Repurchases 22.5K Own Shares

Plus500 continues its share buyback program, with the company announcing via a regulatory filing that it has purchased 22,500 of its own ordinary shares.

Buy Sun Pharmaceutical Industries; target of Rs 540: ICICI Direct

ICICI Direct is bullish on Sun Pharmaceutical Industries has recommended buy rating on the stock with a target price of Rs 540 in its research report dated May 28, 2020.

Buy Radico Khaitan; target of Rs 400: ICICI Direct

ICICI Direct is bullish on Radico Khaitan has recommended buy rating on the stock with a target price of Rs 400 in its research report dated May 29, 2020.

Buy Kewal Kiran Clothing; target of Rs 820: ICICI Direct

ICICI Direct is bullish on Kewal Kiran Clothing has recommended buy rating on the stock with a target price of Rs 820 in its research report dated May 29, 2020.

₹300-cr. rural rejuvenation scheme launched

COVID-19 Assistance Package is part of a World Bank- assisted project

Special scheme to help rural industrial units in Tamil Nadu launched

The scheme, which is part of the State Rural Transformation Project, would cover about 1.39 lakh beneficiaries of whom 31,952 would get a long-term loan of Rs 159.76 crore.

Rural public to get ownership of own plot

Now the rural public can enjoy the ownership of their own plot. The villagers will get the records of their rights after the survey of the rural settlements in the State. Property registers will also be prepared at the panchayat level from the database prepared under the scheme for the benefit of

Why millions of Americans are getting coronavirus stimulus payments on scammy-looking debit cards

The federal government is sending out financial aid that looks like junk mail.

People are mistaking stimulus payments for junk or scam mail

"Got my 'stimulus check' in the mail today as a shady looking pre-paid debit card," said one tweeter.

Your Stimulus Payment Might Look Like a Scam

Just when pandemic scams have peaked to the point that it’s reasonable to incinerate all mail, the government is sending economic impact payments in unmarked envelopes with a very shady return address.

Japan backs nearly a third of $6.6 billion loans to Nissan: sources

Japan backs nearly a third of $6.6 billion loans to Nissan: sources

Nissan Shares Fall as Turnaround Spending Leads to Massive Loss

Nissan Motor Co. shares fell as much as 7.7% after the Japanese automaker posted a 671 billion yen ($6.2 billion) net loss for the latest fiscal year due to new restructuring measures and the coronavirus pandemic.

Nissan unveils four-year transformation plan – to cut production by 20%, reduce model range, focus on EVs

Nissan, which yesterday announced a net loss of 671 billion yen (RM27.1 billion) for the year that ended in March, has revealed a four-year restructuring

Inside South Africa’s plan to regulate cryptocurrencies

The Interdepartmental Fintech Working Group has just released a draft of its policy position paper on crypto assets. Proposals aim to severely limit anonymous transactions in online.

Meet Monero: A Privacy Cryptocurrency Offering Real Anonymity Advances

While there remains a misconception cryptocurrencies like Bitcoin and Litecoin are anonymous, the truth is transactions on these networks can be – and often are – linked to real identities. Understandably, some cryptocurrency users have come to desire stronger privacy guarantees, and this demand has…

SA’s plan to regulate cryptocurrency

Proposals aim to severely limit anonymous transactions in cyberspace.

JCPenney to begin reopening stores after declaring bankruptcy

The clothing retailer shut down brick-and-mortar locations due to COVID-19, but now as the U.S. begins to reopen, they plan to begin opening their stores.

JCPenney to begin reopening stores after declaring bankruptcy

The clothing retailer shut down brick-and-mortar locations due to COVID-19, but now as the U.S. begins to reopen, they plan to begin opening their stores.

JCPenney to begin reopening stores after declaring bankruptcy

The clothing retailer shut down brick-and-mortar locations due to COVID-19, but now as the U.S. begins to reopen, they plan to begin opening their stores.

DA 'integrity circles' for graft-free agri-fishery

The Department of Agriculture has created "integrity circles," dubbed as “Agriculture Dialogue and Information Network Groups” to ensure efficient, effective, and graft-free use of limited public funds.

Heralding a new era for agriculture

While the recent reform steps and stimulus package for agriculture will go a long way in boosting farmers’ income, price volatility in perishables continues to be a challenge

Karnataka plans agricultural tours, guidelines soon

In a bid to boost tourism and help farmers at the same time, the state government is mulling 'agri-tourism' that will be piloted soon in two districts. Agriculture Minister BC Patil, Horticulture

Bank of India cuts MCLR by 25 bps

State-run lender Bank of India has decided to reduce marginal cost of funds based lending rate (MCLR) by 25 bps across all tenors.The one-year MCLR of the bank will be now at 7.7% with effect from Jun

Bank of India cuts MCLR by 25 bps across all tenors

The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.

UCO Bank reduces repo-based lending rate by 40 bps

State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.

Traders shift goods out of Koyambedu

Fear of theft in the deserted premises worries many shopkeepers

Reopen Koyambedu market with safety regulations in place, traders’ associations say

Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space

Reopen Koyambedu market, other shops, traders urge govt.

Association says alternative site affected business, farmers’ livelihood

Financial sector weighs on S&P/TSX composite, U.S. stock markets down

Losses in the financial sector helped weigh down Canada's main stock index in late-morning trading as it posted a triple-digit decline, while U.S. stock markets also moved lower.

Financial sector weighs on Toronto, U.S. stock markets mixed in early trading

Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks.

Financial sector weighs on Toronto, U.S. stock markets mixed in early trading

TORONTO — Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks. The S&P/TSX composite index was down 63.98 points at 15,198.75.

Could First Solar Be a Millionaire-Maker Stock?

It's a great company, but is it a great stock?

No, Luckin Coffee Is Not 'Too Cheap'

LK stock has briefly caught a bid this week after falling over 95%. On paper, the numbers for LK can work at the current valuation, given cash on the balance sh

Finding Comfort Outside Of The MegaTechs

Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.

Land acquisition to be made easier in Uttar Pradesh

Continuing his efforts to promote industrialisation in the state, Uttar Pradesh Chief Minister Yogi Adityanath has now issued directions to amend.

Land acquisition to be made easier in UP

Land acquisition to be made easier in UP: Continuing his efforts to promote industrialisation in the state, Uttar Pradesh Chief Minister Yogi Adityanath has now issued directions .... Get all latest entertainment & viral stories on english.lokmat.com

UP amends revenue code, simplifies land acquisition process to expand land bank for industries

It has amended the Revenue Code and also decided to simplify the process of land acquisition within a distance of one kilometre on both sides of the expressways under the Land Acquisition Act 2013.

‘Technical Education Department’ to be called ‘Department of Skill Development’

‘Technical Education Department’ to be called ‘Department of Skill Development’ JAMMU, MAY 28:  The Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, G C Murmu, approved the proposal of the Technical Education Department bringing in key reforms in the department. The AC accorded sanction to the change in nomenclature, structural and […]

‘Admission process to Polytechnics in J&K revamped’

JAMMU, May 28: The Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, G C Murmu, approved the proposal of the Technical Education Department bringing in key reforms in the department. The AC accorded sanction to the change in nomenclature, structural and procedural reforms and revamping of admission process to the polytechnics.The decision to change in the nomenclature of the department from “Technical Education Department” to “Department of Skill Development” and accordingly “Directorate of Technical Education” to “Directorate of Skill Development” comes in the backdrop of the shift in focus from imparting technical education in Polytechnics and ITIs, to creation of a skilled manpower base, in tune with the contemporary demands of the market and industry. The change will make things more relatable to the renewed emphasis on skill for self employment, by the Government of India.The Administrative Council also approved hiring of a consultancy to review the courses being offered…

Admission process to Polytechnics revamped

The Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, G C Murmu, approved the proposal of the Technical Education

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United Airlines cutting 13 top jobs under fresh restructuring

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United Airlines cutting 13 top jobs, adding int'l flights in July

United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.

United Airlines cutting 13 top jobs, adding international flights in July

(Reuters) - United Airlines Holdings Inc (UAL.O) said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.

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Volkswagen AG pumps 2 billion euros into China electric vehicle bet, buys stakes in 2 firms

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Developer offers tenants half-price rent at prime site

Rents are being cut in half in a new office development just south of Sydney's CBD.

Developer offers tenants half-price rent at prime site

Rents are being cut in half in a new office development just south of Sydney's CBD.

Developer offers tenants half-price rent at prime site

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Indian manufacturers hail end to export curbs on paracetamol APIs

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Government removes restrictions on the export of paracetamol APIs

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Salesforce CEO Benioff: 'In a moment of crisis, you need to invest through it' | ZDNet

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