• Rs 527cr funds boost for city’s longest Metro corridor 04 Jul 2020 00:41 Kolkata: The longest Metro corridor — New Garia-Airport — of the city saw light at the end of the tunnel with Railway Board approving Rs 527 crore for modified alignment of its last 3.6km stretch from City Centre II to Airport. The elevated Metro corridor …
  • Mask units see a ray of hope as ministry acts for export 03 Jul 2020 23:45 Ludhiana: A day after The Times of India raised the issue of surgical mask manufacturers facing the problem of huge unsold stock and asking the Centre to allow export of their products, especially the three-ply masks, the ministry of micro, small and …
  • Statistics Software Market 2020 Global COVID-19 Impact, Trend, Segmentation and Opportunities, Forecast To 2027 03 Jul 2020 23:44 The MarketWatch News Department was not involved in the creation of this content. Jul 03, 2020 (AB Digital via COMTEX) -- Statistics Software Market: Executive Summary Statistical software is used across various business verticals in order to analyze …
  • Indonesian coal miners to cut 50 million tons of production due to weak prices 03 Jul 2020 23:31 Miners in Indonesia, the world’s top coal exporting country, have decided to cut domestic production by 50 million tons this year in their bid to increase global coal prices, which have been falling during the health crisis. The Indonesian Coal Mining …
  • SoftBank buys more stake in PolicyBazaar in $130m deal 03 Jul 2020 23:28 [email protected] Bengaluru: SoftBank Vision Fund has picked up an additional stake for $130 million in EtechAces Marketing and Consulting, which owns online financial services portals PolicyBazaar and Paisabazaar, according to three sources …
  • PM Modi quotes from ‘Tirukkural’ again, now for soldiers in Ladakh 03 Jul 2020 19:44 Prime Minister Narendra Modi on Friday quoted from Tamil classic ‘Tirukkural’ to reinforce that Indian armed forces have always followed the time-honoured traditions of valour and honour. Addressing troops during a surprise visit to Ladakh, Modi quoted …
  • Northeast India’s unheralded performance in an overall health indicator 03 Jul 2020 19:05 Infant Mortality Rate (IMR) is widely accepted as a crude measure of the overall health of a region. Measured as the infant deaths (less than one year) per 1000 live births in a given time period and for a given region, it’s been used as a measure to gauge …
  • Brazil set to pass 1.5 million coronavirus cases: Live 03 Jul 2020 18:49 Brazil was set to pass 1.5 million confirmed coronavirus cases, as cities reopen bars, restaurants and gyms sparking fears infections will keep rising. Saudi Arabia passed milestone of 200,000 confirmed novel coronavirus cases, the health ministry said, …
  • Power minister Raj Kumar Singh bats for local gear 03 Jul 2020 18:27 The Union government wants states to procure power equipment and materials from within India, which has sufficient domestic capacity, and test imported equipment at certified and accredited laboratories designated by the Union power ministry. Import …
  • Services sector contracts for fourth month in June: PMI 03 Jul 2020 18:19 India’s services sector activity remained in a deep downturn in June as the COVID-19 pandemic curtailed intake of new work orders and disrupted business operations, a monthly survey showed. The IHS Markit India Services Business Activity Index was at 33.7 …
  • L&T Finance's deal to sell L&T Capital Markets (Middle East) terminated 03 Jul 2020 18:12 New Delhi: L&T Finance Holdings on Friday said the deal to sell its fully owned subsidiary L&T Capital Markets (Middle East) to Proud Securities and Credits Pvt Ltd has been terminated in absence of regulatory approvals. In November 2019, it had …
  • ‘Grounded aviation sector needs a bailout’ 03 Jul 2020 17:38 OUR BUREAU Given the importance of the aviation sector to the economy of the country, the Centre must step in to alleviate the massive financial stress the industry is facing due to the Covid-19 lockdown, experts said at the BusinessLine Knowledge Series …
  • RBI may have its task cut out in overseeing urban co-operative banks added to its fold 03 Jul 2020 17:24 In a move to give the Reserve Bank of India more muscle to regulate urban co-operative banks and multi-State co-operative societies, the Centre passed an ordinance last week amending the Banking Regulation Act giving it powers to supersede boards, …
  • There’s a hidden economic trendline that is shattering the global trade system 03 Jul 2020 16:59 Former U.S. Treasury Secretary Lawrence Summers has recently conceded: “In general, economic thinking has privileged efficiency over resilience, and it has been insufficiently concerned with the big downsides of efficiency.” Policy across the globe is …
  • These stocks are still up to 300% away from Pre-Covid highs! 03 Jul 2020 16:43 NEW DELHI: Benchmark equity indices might have recovered much of their lost ground since March lows, but one of every five BSE500 stocks – mostly midcaps and smallcaps – still need 100-300 per cent rise to revisit their 52-week highs. Nearly half of the …
  • NSE-BSE bulk deals: Carlyle arm almost exits Metropolis Healthcare 03 Jul 2020 16:43 Mumbai: CA Lotus Investments, an arm of Carlyle Group almost exited its stake in Metropolis Healthcare on Friday through a block deals, with various mutual funds and a life insurance company lapping shares. Companies such as GIC Housing Finance, Indiabulls …
  • Gold bond issue price fixed at Rs 4,852 per gm 03 Jul 2020 16:43 Mumbai: The issue price for the Sovereign Gold Bond has been fixed at Rs 4,852 per gram of gold, the Reserve Bank of India said in a statement on Friday. The Sovereign Gold Bond Scheme 2020-21-Series IV will be opened for subscription for the period …
  • Uber shuts down Mumbai office permanently as part of global cost cuts 03 Jul 2020 15:17 After laying-off almost one-fourth of its staff in India (600 employees) in May, ride-hailing firm Uber has shut down its Mumbai office, said a person aware of the development asking not to be named. Uber’s Mumbai employees will continue to work from home …
  • Small, microcap stocks dominate bulk deals 03 Jul 2020 14:55 Mumbai: Small and microcap stocks dominated the bulk deals on Friday. Companies such as GIC Housing Finance, Indiabulls Housing Finance, Justdial and Ujjivan Financial Services also witnessed bulk deals during the day. Of the frontline indices, Sensex rose …
  • No relief for Mudra Shishu loan borrowers during moratorium 03 Jul 2020 14:21 KOLKATA: Mudra Shishu loan borrowers opting for moratorium on their existing debts would not get the 2% interest subvention under the Centre’s Covid-19 relief package before the expiry of the repayment holiday, the finance ministry said. The subvention …
  • UK government takes £400m stake in satellite firm OneWeb 03 Jul 2020 13:53 Image copyright OneWeb Image caption Artwork: The government wants OneWeb to run a sat-nav service as well as deliver broadband The UK is spending $500m (£400m) on a stake in failed satellite firm OneWeb as part of a plan to replace the loss of the EU' …
  • Govt on track for strategic sale of CPSEs, says Dipam Secretary 03 Jul 2020 13:51 The Finance Ministry plans to focus on strategic sales to meet the disinvestment target, said Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM). The disinvestment target for the current fiscal is ₹2.10 lakh-crore, …
  • US Withdraws From International Digital Tax Talks 03 Jul 2020 13:17 03 July 2020 US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD. Lighthizer told a hearing …
  • Britain wins bidding war for satellit... 03 Jul 2020 13:09 The Government has taken a major stake in the failed satellite company OneWeb, in a drive to develop a sovereign UK space capability. The UK is part of a consortium with India’s Bharti Global which won a bidding war for the company, which went bankrupt …
  • Telangana in dilemma over fresh lockdown, city denizens rush to villages 03 Jul 2020 13:03 HYDERABAD: A week after floating the idea of imposing fresh lockdown in Hyderabad amid rising coronavirus spread, the Telangana government seems to be in an impasse, worried over possible adverse effects on revenues as Hyderabad contributes over half of …
  • An RBI plan is making foreign lenders uneasy 03 Jul 2020 12:34 MUMBAI: Foreign banks in India are coming together to voice their concerns about the Reserve Bank of India’s recommendations on a new governance framework for commercial banks.The foreign lenders, which do business through a network of branches, are …
  • PNB Housing Finance to auction Vipul Ltd Project in Gurugram 03 Jul 2020 12:32 NEW DELHI: PNB Housing Finance Ltd will auction 19.24 acres of land and 138 unsold units of a Gurugram-based project owned by Vipul Ltd, following a default by the developer on a Rs 377 crore loan. The auction, with a reserve price of Rs 452.58 crore for …
  • Afghanistan: State department: Update: The United States continues to lead the global response to COVID-19 (3 July 2020) 03 Jul 2020 12:16 Countries: Afghanistan, Albania, Angola, Argentina, Armenia, Azerbaijan, Bahamas, Bangladesh, Belarus, Belize, Benin, Bhutan, Bolivia (Plurinational State of), Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, …
  • F&O: VIX continues to send out bullish signals, but Nifty forms bearish candle 03 Jul 2020 11:29 By Chandan Taparia Nifty opened positive on Friday and continued to form higher highs and lows for the fourth consecutive session. It remained consolidative for most of the session and traded in a range of 70 points between 10,562 and 10,631 levels. …
  • L&T Finance Holdings to raise up to Rs 2,000 crore to fund biz growth 03 Jul 2020 11:29 New Delhi: L&T Finance Holdings (LTFH) plans to raise up to Rs 2,000 crore by issuing preference shares through public offer or private placement, the non-banking finance company said in its annual report for FY2019-20. The company will seek …
  • Q2 will see a growth in jobs: Tarun Sinha, OLX people 03 Jul 2020 10:04 NEW DELHI: Covid 19 and the subsequent lockdowns have had a significant impact on the economy and employment. Economic activity has shrunk and employees across sectors have faced layoffs and salary cuts. Even as people get used to living with the virus …
  • India has cleared all consignments, says Foxconn 03 Jul 2020 09:58 NEW DELHI: The Indian government has cleared all consignments of electronics contract manufacturer Foxconn stuck at ports and airports after a delay of almost ten days following a security alert that was triggered pan-India. “Foxconn has followed all …
  • Implosion of high-flying billionaire trio shows pledging risks 03 Jul 2020 09:30 By Tom Metcalf and Marion Halftermeyer WeWork impresario Adam Neumann, Chinese latte mogul Lu Zhengyao and, now, Markus Braun, the fallen star of German fintech -- all have exposed the perils of one of the biggest money maneuvers in the C-suite: borrowing …
  • Equitas Small Finance Bank Limited launches Video KYC Account 03 Jul 2020 08:59 Equitas Small Finance Bank Limited (the "Bank"), the largest small finance bank ("SFB") in India in terms of number of banking outlets as of March 31, 2019 (Source: CRISIL report), becomes one of the leading banks in the country to …
  • SBI sanctions Rs 300 crore term loan to PFS 03 Jul 2020 08:57 New Delhi: PTC India Financial Services Limited (PFS) on Wednesday said that State Bank of India (SBI) has sanctioned a Rs 300 crore term loan for working capital augmentation. The loan has a tenor of three years including a moratorium of six months, an …
  • LT Foods Europe, B.V. appoints Mr. Vikas Magoon as Managing Director 03 Jul 2020 08:21 LT Foods, a 70 year old Consumer Food has an optimum mix of family members and professionals in its organizational structure. The Company and its subsidiaries have an eminent set of people on its Board as well as Leadership positions that play a very …
  • Edelweiss Mutual Fund to launch second tranche of 'BHARAT Bond ETF' and aims to raising upto 14,000 crores 03 Jul 2020 08:21 Edelweiss Asset Management today announced the launch of the second tranche of BHARAT Bond ETF in July, with two new series, after the successful launch of the initial series of ETFs in December 2019. The BHARAT Bond ETF program is an initiative of the …
  • Lakshmi Vilas Bank gains 5% on report Clermont Group eyes stake purchase 03 Jul 2020 08:18 Shares of Lakshmi Vilas Bank surged 5 per cent to Rs 22.15 on the BSE on Friday after Business Standard reported that Singapore-based private equity player Clermont Group is in talks to pick up a sizeable stake in the bank. This round of capital infusion, …
  • Stingy Treasury and hasty capitalists creating unprecedented pain! - SAFTU 03 Jul 2020 08:16 Stingy Treasury and hasty capitalists are creating unprecedented pain! 2 July 2020 Covid-19 is striking us the working class hard, and deep. The 2% decline in the year-on-year GDP for January-March 2020, just announced by StatsSA, is just one gloomy …
  • Manchester aerospace group swoops for Wirral tech specialist firm 03 Jul 2020 08:11 A Manchester-based supplier to the aerospace sector has acquired a Wirral-based tech specialist taking its group of manufacturing companies to six. Aero Services Global (ASG) makes and sub-assembles airframe structural equipment, and the acquisition of AMF …
  • Yamaha introduces special offer for COVID-19 warriors: How to avail this scheme 03 Jul 2020 07:31 India Yamaha Motor has introduced a special scheme that will benefit COVID-19 frontline warriors. This scheme is part of the Yamaha 65th day celebrations. It is applicable all over India and at authorised Yamaha showrooms. It is valid this entire month on …
  • There’s No Stopping Investor Love For Mukesh Ambani, Asia’s Richest Person 03 Jul 2020 07:22 Mukesh Ambani, billionaire and chairman and managing director of Reliance Industries Ltd., speaks ... [+] during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. World leaders, influential executives, …
  • LIC equity investment soars 23% in Q1; these stocks delivered up to 17x return 03 Jul 2020 07:15 Life Insurance Corporation of India (LIC), India’s biggest institutional investor, witnessed a 23 per cent rise in its equity portfolio during the first quarter of FY20. The market value of the companies in its portfolio swelled to Rs 5.27 lakh crore as of …
  • India's services sector activity contracts for fourth successive month in June: PMI 03 Jul 2020 07:13 By PTI India's services sector activity remained in deep downturn in June as the COVID-19 pandemic curtailed intakes of new work orders and disrupted business operations, a monthly survey said on Friday. The IHS Markit India Services Business Activity …
  • BPM firms get more staff back to work in small towns amid stringent restrictions in metros 03 Jul 2020 07:12 BENGALURU: With metros remaining virus prone, business process management (BPM) companies are getting staff to work from offices in small towns, as clients in the banking and finance sectors have asked them to cut back on work from home due to data …
  • Services PMI at 33.7 in June, mired in deep downturn 03 Jul 2020 06:35 Services sector in India is still waiting for more activities, post unlocking, as the Purchasing Managers’ Index (PMI) for services touched 33.7 in June. No doubt, it is much better than 12.6 of May, but remained below the neutral 50 mark for a fourth …
  • No locking down of fund-raising 03 Jul 2020 05:24 Fund raising by India Inc through share sales in the primary or secondary market hit a purple patch in the first quarter 20/21. India Inc raised Rs 1.15 lakh crore in first three months of the year compared with Rs 1.53 lakh crore in entire FY20 and Rs …
  • Sensex surges over 200 points in early trade; Nifty tops 10,600 03 Jul 2020 05:17 By PTI MUMBAI: Equity benchmark Sensex jumped over 200 points in early trade on Friday tracking gains in index-heavyweights Reliance Industries, HUL and Kotak Bank amid buoyancy in global markets. After touching a high of 36,110.21, the 30-share index was …
  • GVK, son in CBI net for Rs 705 crore airport scandal 03 Jul 2020 05:11 Mumbai: The Central Bureau of Investigation (CBI) on Thursday registered a case against Dr G. Venkata Krishna (GVK) Reddy, chairman of the GVK Group of companies, and his son G.V. Sanjay Reddy, the managing director of Mumbai International Airport Ltd ( …
  • Stocks in the news: HDFC Life, SBI Card, JB Chemicals, Motherson Sumi, Future Retail and Cadila Healthcare 03 Jul 2020 04:09 Nifty futures on the Singapore Exchange traded 55 points, or 0.52 per cent higher at 10,603, in signs that Dalal Street was headed for a positive start on Friday. Here are a few stocks which may buzz the most in today's trade: Cadila Healthcare: After …
  • Committee comprising Deepak Parekh to select Chairman for NHAI InvIT 03 Jul 2020 04:05 With an aim to facilitate investment in the highway sector, the National Highway Authority of India (NHAI) is in the process of setting up an Infrastructure Investment Trust (InvIT). As part of the structure, a new company is being set up to act as the …
  • India based Online Lenders U GRO Capital, SOLV, Instamojo, Sanjeevani Platform Continue to Issue Loans to SMEs during COVID-19 03 Jul 2020 03:46 July 2, 2020 @ 11:32 pm By Omar Faridi The Indian government has been asking local banks to work cooperatively with SMEs by providing much-needed liquidity during the COVID-19 crisis. Several local digital lenders and non-bank finance companies (NBFCs) …
  • PTC India Financial Services Ltd sanctioned Rs. 300 crore by SBI 03 Jul 2020 03:41 PTC India Financial Services Limited (PFS), the leading bank of the country, i.e. State Bank of India (SBI), has sanctioned us a Term loan - WC Augmentation (TLWC) of Rs. 300 cr with a door to door tenor of 3 years including a moratorium of 6 months, with …
  • Stocks to watch: RIL, HDFC Life, Motherson Sumi, JB Chemicals, Divi's Lab 03 Jul 2020 03:40 At 08:29 am, Nifty futures on the Singapore Exchange (SGX) were trading 40.35 points or 0.38 per cent higher at 10,592 levels, indicating a positive start for the Indian market on Friday. Here's a look at the top stocks that may remain in focus today - …
  • NHAI to set up trust to generate investment in sector 03 Jul 2020 03:14 By Express News Service NEW DELHI: In order to generate investment in highway sector, the National Highway Authority of India (NHAI) has started the process to setup a company that will act as an investment manager to the proposed Infrastructure Investment …
  • Vande Bharat fares slashed for US, Canada 03 Jul 2020 03:04 Mumbai | New Delhi: Air India has slashed Vande Bharat repatriation flight tickets to and from North America by 25-45% in a move that will bring relief to Indians stranded in the US. The economy class fare for a New York-Delhi flight is ₹75,461 compared …
  • India may ease regulatory pricing cap for ECBs 03 Jul 2020 02:52 MUMBAI: India is weighing the option of easing a regulatory price cap on overseas borrowing to ensure wider financing access for cash-starved companies even as risk-averse local lenders, despite abundant system liquidity, restrict big-ticket advances to …
  • Fiscal murmurs 03 Jul 2020 02:47 Economic downturns are cruel. They impose traumatic disruptions in incomes and lives – salary cuts, extended long leave without pay, outright job loss, drying up of business income or bankruptcy.  The government is no different. Revenue receipt of the …
  • Franklin’s six shut debt schemes receive cash flows of Rs 2,667 crore 03 Jul 2020 02:39 Mumbai: The six debt schemes of Franklin Templeton Mutual Fund whose winding-up plan is stuck in legal uncertainty have received cash flows worth Rs 2,667 crore since April 24. This is about 10 per cent of the Rs 26,000 crore that the fund house owes …
  • Marked improvement witnessed in Pak-US ties 03 Jul 2020 02:21 Islamabad: There has been a marked improvement in bilateral relations between Pakistan and the United States since August 2018, and specifically on Afghanistan, in line with the consistent advocacy and stance of Prime Minister Imran Khan that there is no …