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.

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.

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.

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.

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.

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

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.

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

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

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.

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).

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.

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.

Quarterly growth slides to 3.1 per cent, more pain feared

Worries centre around Covid surge, slow recovery

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

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

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.

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.

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

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.

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 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.

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

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

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

The following slide deck was published by Elekta AB (publ) in conjunction with their 2020 Q4 earnings call.

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

The following slide deck was published by Laurentian Bank of Canada in conjunction with their 2020 Q2 earnings call.

Canadian Western Bank 2020 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Canadian Western Bank in conjunction with their 2020 Q2 earnings call.

Modine Manufacturing Company 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Modine Manufacturing Company in conjunction with their 2020 Q4 earnings call.

DXC Technology Company 2020 Q4 - Results - Earnings Call Presentation

The following slide deck was published by DXC Technology Company in conjunction with their 2020 Q4 earnings call.

Vipshop Holdings Limited 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Vipshop Holdings Limited in conjunction with their 2020 Q1 earnings call.

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

The following slide deck was published by Booz Allen Hamilton Holding Corporation in conjunction with their 2020 Q4 earnings call.

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

The following slide deck was published by AutoZone, Inc. in conjunction with their 2020 Q3 earnings call.

ReneSola Ltd 2020 Q1 - Results - Earnings Call Presentation

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

StoneCo Ltd. 2020 Q1 - Results - Earnings Call Presentation

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

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.

Chancellor Rishi Sunak to outline changes to furlough scheme

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

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

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.

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 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.

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.

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…

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

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.

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.

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 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 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 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 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.

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.

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

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 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 hike in non-essential items ruled out

Govt says ‘no’ for printing notes to bridge deficit

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 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

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.

Core sector output contracts 38% in April

Cement, steel production plummet

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

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. 

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

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%.

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

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

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

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

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.

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.

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.

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.

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.

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

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 Over Non-Compliance Of Regulations

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

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)

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

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.

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.

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.

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

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

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%.

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

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 $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.

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

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

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 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.

Uber introduces a new hourly rate for longer, multistop trips

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

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.

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.

NuCana (NCNA) Investor Presentation - Slideshow

The following slide deck was published by NuCana plc in conjunction with this event.

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.

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 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.

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 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.

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.

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.

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.

Pradhan envisages home delivery of petrol, CNG

“The government has already started mobile dispensers for diesel.”

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.

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.

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.

Salesforce shares dip 4% on light revenue, earnings guidance

Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were...

Salesforce Stock Still a Buy as Its Software Gains Influence

Salesforce stock took a tumble after Q1 earnings, but ditching CRM stock now would be rather shortsighted.

Salesforce cuts annual sales estimates on COVID-19 hit

Salesforce.com Inc cut its annual revenue forecast on Thursday, citing the impact caused by the COVID-19 pandemic during first quarter.

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.

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

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

Decoding the Stock Market: The Vocabulary of Volatility

Here are some of the most important volatility concepts for investors to know.

Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues

MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market

Clovis Oncology: You Should Embrace Volatility To Enjoy Profitability

Amid the Corona Bear market, many fundamentally strong stocks are still trading at a deep bargain to their true worth. Amid the market volatility, Clovis Oncolo

Bitcoin Could Hit $11,000 in June 2020; Here’s Why

Bitcoin is correcting lower in the final week of May but its likelihood of retesting levels above $11,000 is growing higher next month.

Bitcoin Sells Off At $9.5K Ahead of Trump’s China Response; What’s Next

Bitcoin traded lower on Friday as traders refrained from taking more significant risks amid escalating geopolitical tensions between the U.S. and China.

S&P 500 Sell Signal May Drag Bitcoin Back Toward Black Thursday Lows

The lingering correlation between Bitcoin and the S&P 500 may be soon coming back to haunt the cryptocurrency market if a chillingly accurate sell signal se

Low demand, high inventory; housing sector facing its worst: CREDAI head

Shah said that interest subvention is the "need of the hour"

India’s housing sector facing its worst-ever crisis: CREDAI

IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis

Housing sector faces its worst ever crisis due to Covid-19

Credai chief says Central government should offer a two per cent interest subsidy on home loans

New site is one-stop shop for B.C. workers, farmers, during pandemic

VICTORIA — The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pandemic. A statement from the Ministry of. . .

New site is one-stop shop for B.C. workers, farmers, during pandemic

VICTORIA - The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pan

BC farms need workers

The British Columbia government has created a new online resource to help the province's agricultural sector find workers during the COVID-19 pandemic.

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

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.

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

Hertz Burns Carl Icahn in Bankruptcy

Even the best investors can make a bad move. Here's how much Carl Icahn lost on Hertz.

Should You Buy Hertz Stock Now?

Understanding Hertz's current scenario is important to avoid a huge investing mistake.

24 Hour Fitness Prepares for Bankruptcy While Gyms Start to Open

Gym owner 24 Hour Fitness Worldwide Inc. is preparing for a potential bankruptcy to cut its debt as it re-opens locations across the country with precautions in place for social distancing.

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.

Sundaram Clayton profit surges 23.4%

Sundaram Clayton Ltd. (SCL) has reported a 23.43% increase in its standalone net profit for the fourth quarter ended March 2020 to ₹62.05 crore.During the year under review, the total income contracte

Sundaram-Clayton Ltd posts 23.43% rise in Q4 standalone net

The city-based TVS Group company had registered net profits at Rs 50.27 crore during corresponding quarter previous year.

Amazon Doesn't See Demand Slowing Anytime Soon

It still has capacity constraints in its warehouses.

The Walmart Amazon Whole Paycheck Tracker: Retail Giants Eye Key Acquisitions And Expansions

Both Walmart and Amazon made some big add-ons and/or acquisitions this week as they attempt to widen their sphere of retail influence in a post-pandemic world.

Laurentian Bank slashes dividend by 40 per cent as profits tumble

Decision to cut payout is the first by a Canadian bank in nearly 30 years

Earnings: What Canadian Banks Are Telling Us And Which One Is My Favorite

All Canadian Banks reported their earnings during the week of May 25 th. They all revealed massive earnings decreases due to higher provisions for credit losses

Odisha unveils Rs 17,000 crore plan to support people's livelihood hit by economic crisis

The decision was taken at a Council of Ministers meeting presided over by Chief Minister Naveen Patnaik, a senior official said.

Odisha unveils Rs 17,000-cr plan to support people’s livelihood hit by economic crisis

The decision was taken at a Council of Ministers meeting presided over by Chief Minister Naveen Patnaik, a senior official said.

MEIL builds 15 pump houses in Kaleshwaram project

With inauguration of Markook pump house on Friday, 9 pump houses with total 3,767 MW capacity have been operationalised

Markook pump-house takes water to 621 m above MSL

Its executing agency completes 9 pump-houses in four years

Covid-19: US airlines leave $29 billion aid fund untapped in bet on rebound

Although the four largest US passenger airlines have applied for the Treasury Department program, only American Airlines Group Inc. has said it intends to tap the pool of funds.

Airlines Leave $29 Billion Aid Fund Untapped in Bet on Rebound

U.S. airlines have yet to tap $29 billion in federal pandemic relief loans as they wait to see whether the reopening of the economy revives demand and diminishes the need for money that comes with government strings attached.

JobStart Policy No Substitute For Tax Cuts

Taxpayers’ Union spokeswoman Islay Aitchison says, “While there’s definitely some appeal to subsidies targeted at job creation, taxpayers would rather see their money go toward tried-and-tested methods of boosting the economy, such as tax cuts. For the most part, businesses still hiring aren’t the ones that need support.”

JobStart policy no substitute for tax cuts

The National Party’s JobStart policy - under which businesses could claim $10,000 per new employee, for up to ten new employees - looks great on paper but would fail in practice, says the New Zealand Taxpayers’ Union.

Wells Fargo Stock Is Too Cheap

Wells Fargo, trading at 73.5% of tangible book value, is a bargain. WFC stock is worth at least $33.13 per share.

Wells Fargo reveals new risk management structure

Wells Fargo reveals new risk management structure

Markets march higher for third day; post weekly gains

India Business News: Equity benchmarks finished in the green for the third session on the trot on Friday as investors scooped up FMCG, finance and banking stocks despite n

Markets march higher for third day in a row

Equity benchmarks finished in the green for the third session on the trot on Friday as investors scooped up FMCG, finance and banking stocks despite negative overseas cues and rising Covid-19 cases

India urges for wider information sharing under tax treaties within BRICS

The tax heads of other BRICS nations shared the measures taken by their respective tax administrations and their thoughts on other agenda items like tax challenges posed by digitalisation and exchange of information.

Finance secretary urges BRICS nations to share covid-19 related tax measures

Since March, the government slew of measures to help the industry tide through the covid-19 crisis, including deferring several compliance requirements.The meeting of the heads of tax authorities from five large emerging economies of the world on Friday was hosted by the Federal Tax Service of Russia

US billionaires have increased their net worth by $485 billion during the last 10 weeks of the pandemic, report says

US billionaires added almost half a trillion dollars to their collective wealth during the past 10 weeks, a report by the Institute for Policy S...

Rich Lister winners and losers so far

With the fortunes of many billionaires tied up in equity, the past few months have been a wild ride and not everyone has come out on top.

Finance ministry not in favour of  raising GST rates on non essentials

Under the GST (Compensation to States) Act, 2017, protected revenues of the state governments is calculated on the basis of a 14% annual growth rate with FY16 as the base year

Finance ministry not in favour of raising GST rates on non-essential items

Although government has eased restrictions in the ongoing lockdown and allowed businesses to restart operations, India’s more than two-month-long lockdown and flight of migrant workers from urban and industrial centres have crippled economic activity.

GBP/JPY: Downside risk from Brexit and negative rates – MUFG

Analysts at MUFG Bank maintain a short GBP/JPY trade idea in anticipation that the weakness in the pound will extend further in the near-term. They se

Pound Sterling Could Actually Rise if Bank of England Slashed Interest Rates to Below Zero says Analyst

Speculation has been growing over the course of May that the Bank of England could soon announce it will cut interest rates to below zero in its ongoing battle to stem the negative economic impacts of the coronavirus crisis

IndiGo appoints Venkataramani Sumantran as independent director

India Business News: NEW DELHI: Venkataramani Sumantran, the chairman and managing director of Chennai-based Celeris Technologies, has been appointed the independent direc.

Sumantran joins IndiGo board

The board of directors of InterGlobe Aviation Ltd. (IndiGo) has appointed Venkataramani Sumantran as an independent director for a period of five years.Dr. Sumantran, with experience of over 35 year

AgustaWestland case: ED attaches assets worth ₹385 cr of middleman Rajiv Saxena

An ED official said the attached assets includes villa in Palm Jumeirah, Dubai worth 20 million AED and balances in five Swiss bank accounts amounting to $45.55 million of Saxena

ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena

It said the value of the properties attached is USD 50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued.

GM to increase North America vehicle production

General Motors said on Thursday it would start increasing vehicle production in North America from next week to meet rising demand.

GM Hits the Ramp, Accelerates

After staging a cautious, production-limited restart of its North American assembly plants on May 18th, General Motors is prepared to put its foot down.

Water And Wastewater Price Changes From 1 July 2020

Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.

Water and wastewater price changes from 1 July 2020

Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.

Marvell Technology Group Ltd. (MRVL) CEO Matthew Murphy on Q1 2021 Results - Earnings Call Transcript

Marvell Technology Group Ltd. (NASDAQ:MRVL) Q1 2021 Earnings Conference Call May 28, 2020 16:45 ET Company Participants Ashish Saran - Vice President, Investor

CIRCOR International, Inc. (CIR) CEO Scott Buckhout on Q1 2020 Results - Earnings Call Transcript

CIRCOR International, Inc. (NYSE:CIR) Q1 2020 Earnings Conference Call May 29, 2020 09:00 ET Company Participants Scott Solomon - Senior Vice President, Sharon

Big food brands sidestep retailers in pandemic

Kraft Heinz and PepsiCo become latest groups to sell online, but can direct delivery take off?

9 creative ways that retailers, restaurants, and service workers are staying afloat during coronavirus shutdowns

The pandemic has been catastrophic for retailers, restaurants, and workers. Here are nine tactics many are using to stay afloat.

AUD/JPY Price Analysis: Aussie pressuring monthly highs vs. yen, bullish

AUD/JPY is making higher highs and lows as the bullish sentiment stays intact. The quote is about to challenge the 71.75 level as the risk-on mood in Wall Str

GBP/JPY Price Analysis: Pound stays capped below 133.00 figure vs. yen

After attempting to break above the 133.00 resistance one more time, GBP/JPY remains choppy as the month of May comes to an end. As the overall trend remains b

Self-employed scheme extension leaves ‘vulnerable at risk’, says arts trade body

Caroline Norbury, Creative Industries Federation CEO, warned against a ‘cliff-edge’ end to support.

Self-employed scheme extension leaves ‘vulnerable at risk’, says arts trade body

Caroline Norbury, Creative Industries Federation CEO, warned against a ‘cliff-edge’ end to support.

The average cost of car insurance in the US

The average cost of car insurance varies by the state you live in, your driving and credit history, age, years of driving experience, and more.

No coverage for businesses impacted by COVID-19, says IAJ

Insurance Association of Jamaica (IAJ) President Vernon James says whil...