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https://www.moneycontrol.com/news/world/coronavirus-driven-debt-crisis-threatens-poor-countries-already-at-risk-says-un-report-5134351.html | As governments struggle to cope with the COVID-19 pandemic, billions of people living in countries teetering on the brink of economic collapse are being further threatened by a looming debt crisis, according to a UN report.
In its report, the UN-led Inter-Agency Task Force on Financing for Development explores the ste... | the report outlines measures to address the impact of the unfolding global recession and financial turmoil. it calls for suspending debt payments from low-income countries and strengthening the global financial safety net. the report also calls for a new debt crisis. it also calls for a large-scale, coordinated and com... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/are-psu-banks-on-the-brink-of-turnaround-maybe-some-are/articleshow/64328644.cms | Others
The domestic equity market had a roller-coaster ride this week with the dollar and crude oil hitting higher levels and taking the market lower. However, when crude oil relented, the market bounced back immediately. The change from bearish to bullish sentiment overnight was a little surprising to all. SBI , the ... | domestic equity market had a roller-coaster ride this week with the dollar and crude oil hitting higher levels and taking the market lower. but when crude oil relented, the market bounced back immediately. SBI reported its second straight quarterly loss of Rs 7,718 crore on account of surging provisions for bad loans. ... | Negative |
https://www.financialexpress.com/economy/coronavirus-sends-germany-into-recession-to-last-to-mid-year/1929164/ | Europe’s economic powerhouse Germany plunged into recession in March, with the slump sparked by the coronavirus pandemic likely to last until the middle of the year, the economy ministry said Wednesday.
“Falling global demand, interruption of supply chains, changes in consumers’ behaviour and uncertainty among investo... | the economic blow from the virus fell just as Germany was beginning to recover from a 2019 marked by the impact of trade wars and Brexit fears. industry in particular had seen rises in new orders and activity as 2020 got underway. but 'given the massive demand and supply shock at home and abroad from the coronavirus pa... | Negative |
https://www.financialexpress.com/market/commodities/half-the-trucks-parked-workless-fuel-demand-may-slump-to-5-year-low-diesel-outlook-bleak/2066791/ | India’s oil-product demand is set to slump to a five-year low this financial year, with a bleak outlook for diesel consumption as the nation’s truck operators idle vehicles and consider cutting the size of their fleets.
About half of India’s trucks are parked up without work and the nation’s biggest operator is shunni... | oil-product demand set to slump to a five-year low this financial year. about half of india's trucks are parked up without work. fuel is the most used transport fuel in india. fuel is set to be the fuel that comes closest to making a complete recovery. fuel is set to be the fuel that comes closest to making a complete ... | Negative |
https://www.financialexpress.com/economy/indias-fiscal-deficit-may-shoot-to-6-2-of-gdp-in-fy21-fitch-solutions/1915914/ | India’s fiscal deficit in 2020-21 may shoot up to 6.2 per cent of the GDP from 3.5 per cent government estimate as a fallout of the Covid-19 economic stimulus package, Fitch Solutions said on Wednesday.
With businesses disrupted due to the lockdown and its ripple effects, revenue will come under “heavy pressure” and m... | government's fiscal deficit in 2020-21 may shoot up to 6.2 per cent of GDP. this is a fallout of the covid-19 economic stimulus package, it said. underpinning the revised forecast are weaker revenue collection. the government declared a 21-day nationwide lockdown beginning march 25. it said rural migrants in the cities... | Negative |
https://www.moneycontrol.com/news/world/us-european-leaders-weigh-reopening-risks-without-a-vaccine-5280711.html | On a weekend when many pandemic-weary people emerged from weeks of lockdown, leaders in the U.S. and Europe weighed the risks and rewards of lifting COVID-19 restrictions knowing that a vaccine could take years to develop.
In separate stark warnings, two major European leaders bluntly told their citizens that the worl... | leaders in the u.s. and european countries weigh the risks of lifting COVID-19 restrictions. the european union warns that a vaccine could take years to develop. the u.s. and many european countries are struggling with restarting economies blindsided by the pandemic. a vaccine works by mimicking a natural infection. a ... | Negative |
https://www.financialexpress.com/market/borrowing-spike-not-to-deter-huge-public-capex-slippage-analysts/1964384/ | Despite the hikes in borrowing by the Centre and states, the big revenue hole will imply that they will still have combined ‘uncovered (revenue) loss’ of Rs 7.56 lakh crore in FY21, SBI EcoWrap has estimated. This, in turn, could debilitate general government capital expenditure. The researchers warned that states’ cap... | researchers warn that states' capital expenditure in FY21 might turn out to be half the budgeted level of Rs 8.8 lakh crore. they also noted that the Centre's budgeted capex for the current fiscal year might be equivalent to its uncovered loss of Rs 4.36 lakh crore. a huge potential cut in capex could also be triggered... | Negative |
https://www.livemint.com/Politics/vXCcM9XRiiRiJ2uZ9tnuiJ/China-warns-of-retaliation-if-US-slaps-new-tariffs.html | Beijing: China will be forced to retaliate if the United States implements any new tariff measures, China’s commerce ministry warned on Thursday, as the world’s two biggest economies remain locked in an intensifying trade war.
Global markets were on edge after US President Donald Trump threatened fresh tariffs on anot... | global markets were on edge after US president Donald Trump threatened fresh tariffs on $200 billion in Chinese imports. the new duties will start to hit consumer products directly, including furniture, lighting products, tires, bicycles and car seats for babies. the new duties will start to hit consumer products direc... | Negative |
https://www.moneycontrol.com/news/business/sp-rating-affirmation-gives-only-breathing-space-to-indian-policymakers-5387631.html | The risk of a second successive sovereign rating downgrade in a week has gone away for the moment. At least that’s the sense one gets with global rating agency Standard and Poor’s Global Ratings on Wednesday affirming India’s 'BBB-' long-term and 'A-3' short-term unsolicited foreign and local currency sovereign credit ... | the agency said the outlook on the long-term rating is stable. but this gives only a temporary relief for Indian policymakers. just around a week ago, another global rating agency, Moody’s, had announced a downgrade to India’s sovereign ratings to ‘Baa3’ from ‘Baa2’. the risks highlighted include slow policy implementa... | Negative |
https://www.financialexpress.com/market/costly-money-firms-may-pay-more-as-govt-borrows-at-6-5/1924126/ | The government on Thursday paid a high 6.5299% to mop up 10-year money in a sign companies may need to fork out more for their borrowings. The rate was higher than the yield on the benchmark which closed the day’s session at 6.49%, five basis points higher than Wednesday’s close and an over two-month high. The rising r... | government paid 6.5299% to mop up 10-year money in sign companies may need to fork out more for their borrowings. the rising risk-free rate threatens to drive up borrowing costs for companies many of whom are already finding it hard to borrow at affordable rates. investors in the bond markets have been nervous as they ... | Negative |
https://economictimes.indiatimes.com/markets/expert-view/economic-recovery-will-be-a-game-change-for-midcap-and-smallcap-stocks-kunj-bansal/articleshow/73065471.cms | Auto no longer best play on India's consumption story: Sameer Narayan
"Not only in 2019, if we look at its last three, four, five years or even longer, the whole banking sector pack including SBI has been a consistent underperformer and that is why probably as an investment, it lags behind but offers a very good tra... | the income tax (I-T) department is investigating the Indian units of Apple, Google and Amazon over possible non-payment of tax. the govt is reportedly considering a cross-country merger that could entail a tax payment of $250-300 million in the us. the govt is also considering a merger between a chinese company and a u... | Negative |
https://economictimes.indiatimes.com/news/international/business/2020-emissions-precedent-setting-or-bucking-the-trend/articleshow/79986949.cms | PARIS: For a few moments in late April of 2020, oil -- normally the lifeblood of the world economy -- became more expensive to store than to pay someone to take it away.Crude oil's wildly fluctuating futures prices reflected the impact of the coronavirus pandemic , with record falls in greenhouse gas emissions and foss... | iea chief: if governments don't take major new policies we may see decline in emissions. if governments don't put clean energy policies in economic recovery packages, we will go back to where we were before pandemic. iea chief: "if governments do not put clean energy policies in their economic recovery packages we will... | Negative |
https://www.moneycontrol.com/news/india/infra-work-worth-rs-50000-cr-to-begin-this-fiscal-kerala-fm-2527345.html | The CPI(M) led LDF government in Kerala has lined up Rs 50,000 crore worth infrastructure work for the current fiscal to revive the economy, badly hit by demonetisation and implementation of GST, State Finance Minister T M Thomas Isaac said today.
Of this amount, administrative sanction had already been accorded to wo... | the state government has lined up Rs 50,000 crore worth of infrastructure work. the state is badly hit by demonetisation and implementation of GST. the state is in the grip of a fiscal crisis after the note ban and implementation of GST. the state government has already sanctioned works worth Rs 20,000 crore. the remai... | Negative |
https://economictimes.indiatimes.com/news/politics-and-nation/no-yes-bank-says-rahul-accuses-government-of-destroying-economy/articleshow/74507983.cms | No Yes Bank. Modi and his ideas have destroyed India’s economy. #NoBank — Rahul Gandhi (@RahulGandhi) 1583476220000
NEW DELHI: "No Yes Bank ," Congress leader Rahul Gandhi said on Friday, taking a dig at the BJP-led government over the moratorium placed on Yes Bank, and alleged that Prime Minister Narendra Modi and hi... | Rahul Gandhi: "modi and his ideas have destroyed the country's economy" yes bank placed under a moratorium on deposit withdrawals on Thursday. the bank will not be able to grant or renew any loan or advance. the bank will be led by a former chief financial officer of the state bank of india. a former chief financial of... | Negative |
https://www.financialexpress.com/industry/cpse-closure-plans-stuck-only-two-tiny-firms-have-wound-up-since-2014/1443936/ | While the Insolvency and Bankruptcy Code (IBC) is beginning to impart momentum to the way industrial sickness is resolved without the assets in question losing much value, a scheme announced by the NDA government in September 2016 would have complemented this process by fast-tracking the closure of perennially sick cen... | only two of 19 CPSEs approved for closure since it came to power in 2014. under-achievement in liquidating terminally sick CPSEs is being ascribed to stay orders put by courts. 71 loss-making CPSEs posted combined losses of Rs 31,261 crore. despite this, the government is yet to take a call on the'revival plan' for the... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/these-quality-midcap-stocks-show-promise/articleshow/62897453.cms | The Sensex has declined 4.63 per cent since February 1, erasing almost all gains of 2018 on account of a mix of the turmoil in global bond market, long-term capital gains tax, widening fiscal deficit and likely inflationary pressures due to MSP hikes. Shares of many companies, considered to be high- quality because of ... | Sensex has declined 4.63 per cent since february 1, erasing almost all gains of 2018. shares of many companies, considered to be high- quality because of strong financial ratios, too have corrected between 5 per cent and 15 per cent since the beginning of february. in the BSE 200 index, there are 15 mid-cap stocks with... | Negative |
https://www.financialexpress.com/lifestyle/health/coronavirus-crisis-as-outbreaks-flatten-in-places-japan-india-see-more-covid-19-cases/1923522/ | Coronavirus infections are spiking in Japan and creating hot spots in India’s congested cities just as the US and some of the hardest-hit European countries are considering when to start easing restrictions that have helped curb their outbreaks of the disease.
Japan reported more than 500 new cases for the first time ... | the number of confirmed cases of COVID-19 has climbed to about 1.5 million worldwide, with nearly 90,000 deaths. the number of deaths is up by more than 40% from the u.s., with over 430,000 people infected. the u.s. has the most confirmed cases, with over 430,000 people infected. the u.s. has the most confirmed cases, ... | Negative |
https://www.financialexpress.com/market/sensex-nifty-gain-5-after-3-day-trading-holiday-check-whats-driving-this-rally-on-d-street-today/1920990/ | After a three-day trading holiday, headline indices Sensex and Nifty started the week with a uptick of nearly 5 per cent on Tuesday mirroring the gains in the global markets. S&P BSE Sensex was trading 1,325 points or 4.80 per cent to 28,961, while the broader Nifty 50 index was ruling at 8,446, up 363 points or 4.5 pe... | Sensex and nifty started the week with a 5% uptick. broader Nifty 50 index ruling at 8,446, up 363 points or 4.5 per cent. 'traders should continue with the "sell on rise" approach,' says analyst. 'we believe the market trend will continue to remain challenging until the fresh cases start to decline' | Negative |
https://www.businesstoday.in/sectors/auto/coronavirus-impact-24-drop-expected-in-pv-sales-in-fy21-says-siam/story/400596.html | KEY HIGHLIGHTS:
PV sales to decline 20-24% if GDP growth falls below 1% in FY21
CV and two-wheelers sales to see 32-35% and 27-30% slump, respectively
Industry to go back by a decade with volumes of 2.15 million units -- last seen in FY11.
Industry to log double digit decline in sales for two financial years in a r... | industry body society of india's auto industry to record double digit decline in sales. decline would push industry volumes back by a decade to 2.15 million units. if GDP growth falls below 1% in fiscal, sales would drop by 20-24%. if GDP growth falls below 1%, industry could see a 20-24% decline. industry to see a 10-... | Negative |
https://www.moneycontrol.com/news/business/markets/market-live-sensex-up-200-pts-nifty-midcap-extends-gains-manpasand-beverages-dips-20-2576811.html | May 28, 2018 / 05:18 PM IST
State-owned lenderBank of IndiaMonday reported a net loss of Rs 3,969.27 crore for the March quarter, as asset quality worsened and provisions increased. The bank had posted a loss of Rs 1,045.52 crore in the same quarter last year.
Analysts polled by Reuters had estimated the bank's loss ... | bank of india reports net loss of Rs 3,969.27 crore for the quarter. asset quality worsens and provisions increase. net interest income falls 26 percent to Rs 2,563.85 crore from Rs 3,469 crore in year-ago period. a Reuters poll estimated an NII decline of 22 percent to Rs 2,699 crore. a Reuters poll estimated an NII d... | Negative |
https://www.moneycontrol.com/news/business/markets/buy-on-dips-sell-on-rise-best-strategy-till-nifty-touches-11300-11500-sumit-bilgaiyan-5566461.html | live bse live
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In August, more companies will report their results which are expected to be weaker than expected. At that time, if Nifty has crossed levels of 11,300-11,500, there could be a significant correction, which is fundamentally due," Sumit Bilgaiyan, Founder of Equity99 said... | in august, more companies will report their results which are expected to be weaker than expected. if Nifty has crossed levels of 11,300-11,500, there could be a significant correction. the market is expected to cross 11,000 soon as per technical analysis. a lot now depends on overall economic health rather than manage... | Negative |
https://www.moneycontrol.com/news/economy/policy/covid-19-monetary-policy-too-needs-fiscal-support-5158941.html | Renu Kohli
Ever since the Reserve Bank of India (RBI) fired its ‘bazooka’ on March 27, the bond market has treaded an altogether reverse path. On the day, the benchmark 10-year bond yield responded, albeit lukewarmly, to the central bank’s 75 basis point policy rate cut with mere 20 basis point softening. That, no dou... | benchmark 10-year bond yield responded to the central bank’s 75 basis point policy rate cut with mere 20 basis point softening. since then, term premia have climbed steadily, with the benchmark yield back to pre-75 bps cut or the march 26 value in less than a week. till date, the reference long yield has risen 5.4 perc... | Negative |
https://www.moneycontrol.com/news/business/markets/oil-steadies-as-saudi-tensions-balance-demand-outlook-3049381.html | Oil prices steadied, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from Riyadh, but weighed by concern over long-term demand outlook.
Brent crude futures for December delivery rose 35 cents to settle at $80.78 a barrel. U.S. West Texas Intermediat... | oil prices steadied on Monday, supported by geopolitical tensions. tensions over the disappearance of journalist jamal Khashoggi stoked worries. but oil prices were also weighed by concerns over long-term demand outlook. u.s. stock markets tumbled last week, but oil prices remained steady. a u.s.-saudi trade war has sp... | Negative |
https://www.moneycontrol.com/news/world/last-british-governor-says-hong-kong-betrayed-by-china-5308061.html | The last British governor of Hong Kong said China has betrayed the semi-autonomous territory by tightening control over the city it had promised could keep freedoms not found on the mainland. “What we are seeing is a new Chinese dictatorship,” Chris Patten told an interview with The Times of London.
“I think the Hong ... | last British governor of Hong Kong says china has betrayed the semi-autonomous territory. he says the city has been betrayed by the country. he calls on the uk to do more to stand up to China and protect the city. china has promised Hongkong freedoms not found on mainland china. a treaty signed in 1997 gives Hongkong i... | Negative |
https://www.financialexpress.com/entertainment/taapsee-pannu-huma-qureshi-and-other-stars-complain-of-insane-rise-in-electricity-bill/2007712/ | Actor Taapsee Pannu, Huma Qureshi and director Bijoy Nambiar are among several people from Bollywood to express concerns over the unexpected rise in their electricity bills during the lockdown.
Taking to Twitter, Taapsee shared screenshots of her electricity bill from April to June and tagged power supplier Adani Elec... | adani electricity has confirmed the meter reading of the actor is correct. actor Taapsee pannu shared screenshots of her electricity bills for three months. the 32-year-old actor said she received a bill of Rs 8,640 for an apartment which isn't in use. he said he is now worried if someone is actually using the apartmen... | Negative |
https://www.financialexpress.com/defence/us-and-iraq-unwinding-strategic-space/1992994/ | By Amb Anil Trigunayat
Since the US invasion Iraq has not seen the peace, progress or democracy it had hoped for. On the contrary, during the past three decades, it has become a hotbed of extremism, terrorism and resultant violence with a vast array of non-state actors, militias and proxies becoming a way of life. Mor... | since the invasion of the country, it has become a hotbed of extremism, terrorism and violence. a vast array of non-state actors, militias and proxies have become a way of life. a u.s. drone attack killed two of the country's top leaders in the u.s. in the u.s. | Negative |
https://www.financialexpress.com/industry/how-oneplus-toppled-apples-iphone-from-top-premium-smartphone-slot-in-india/1456698/ | Earlier this month, Apple made a rather unusual move by cutting its quarterly sales forecast — a first in over 15 years — citing slow iPhone sales in China. India, too, is becoming a difficult market for the technology major to crack. There was a 30-35% decline in Apple’s shipments in India last year on an annualised b... | there was a 30-35% decline in apple’s shipments in india last year. the company has now consciously decided to go for value over volumes. the weakening rupee and high import duties have further added to Apple’s woes. OnePlus has changed the dynamics of the premium smartphone segment in india. experts say the emergence ... | Negative |
https://www.businesstoday.in/technology/iphone-12-pros-special-stealth-version-launched-with-no-cameras-at-all/story/423655.html | iPhone 12 Pro has been reimagined in the most unusual way possible. Caviar, the Russia-based smartphone designing company, has introduced the iPhone 12 Pro Stealth that comes with everything but the cameras. The company has covered the cameras on the back and disabled the one on the front of the iPhone 12 Pro to ensure... | the iphone 12 Pro has no cameras and is a non-camera version. the camera on the back has been disabled and the camera on the front is disabled. the camera app on the phone will show black visuals. the iphone 12 Pro starts at $4,990. the company says it is for people who want a high level of security. the company says i... | Negative |
https://www.moneycontrol.com/news/business/covid-19-impact-oyo-to-lay-off-majority-of-furloughed-us-employees-report-5459021.html | With the global travel industry battered by the coronavirus outbreak, Oyo is reportedly laying off most of its furloughed US employees as it looks to shore up operations in a market beset with low occupancy levels and dwindling revenues.
According to a report in Skift, the company, which has a presence in over 800 cit... | a report says the company is laying off most of its furloughed US employees. the move is to shore up operations in a market beset with low occupancy levels. the company will give them stock options but there are doubts about its long-term value. a vaccine works by mimicking a natural infection. a vaccine helps quickly ... | Negative |
https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/ayushman-plan-brilliant-move-india-needed-it-says-rajiv-malik-president-mylan/articleshow/64596316.cms | WhatsAppening? Telcos Call Out Tech Cos over Biz SMSes An industry grouping representing India’s top three telcos has accused global consumer-technology majors, such as Microsoft and Amazon, of “presumably circumventing and bypassing the legal telecom route” by using WhatsApp and other unregulated platforms to send ent... | telcos accuse tech giants of using unregulated platforms to send messages. government asks apple to join probe into alleged state-sponsored hacking bid. government asks apple to join probe into alleged hacking bids. telcos say they are causing 3,000-crore annual revenue loss. telcos say they are 'circumventing and bypa... | Negative |
http://www.moneycontrol.com/news/business/stocks/pnb-sinks-31-in-5-sessions-after-big-banking-fraud-global-rating-agencies-may-downgrade-2511763.html | live bse live
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Punjab National Bank shares continued downtrend for fifth consecutive session Tuesday after detecting Rs 11,400 crore worth of scam involving billionaire jewellery merchants Nirav Modi and Mehul Choksi.
The stock price hit a fresh 52-week low of Rs 111, falling 4.6 per... | stock price hits 52-week low of Rs 111, falling 4.6 percent intraday. scam involving jewellery merchants Nirav Modi and Mehul Choksi. more than Rs 12,700 crore of investors' wealth has already been wiped out. global rating agencies hinted they may consider downgrading the bank. bank under review for downgrade. | Negative |
http://www.moneycontrol.com/news/business/news-live-supreme-court-calls-cbi-ed-probe-progress-slow-in-coal-scam-case-2482997.html | 21:57 That's all for today, readers. Thanks for staying on with our coverage of the day's action. Your enthusiasm encourages us to better our coverage every day. Do come back tomorrow for more news, views and insights.
21:33 Five ATMs looted of over Rs 15 lakh across Vadodara city
Five ATMs belonging to different ban... | five ATMs belonging to different banks looted of over Rs 15.10 lakh. thieves used gas cutters to break them open, police said. parliamentary panel members in favour of Air India divestment. china had 310 million registered vehicles, 385 million drivers in 2017. a total of 30.54 million new drivers were registered in 20... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/letter-from-london-alcoholics-synonymous-awaiting-a-liberation/articleshow/75617326.cms |
The UK is expected to scrap the #StayAtHome policy, marking a watershed moment in easing the lockdown . The press is welcoming it as ‘Magic Monday’! Prime Minister Boris Johnson - who expressed, rather emotionally, the horrors of his own Covid-combatting ordeal when confined to the ICU, even as his staff were preparin... | the #StayAtHome policy is expected to be scrapped. it is a watershed moment in easing the lockdown. the economy is comatose with a looming recession. the world is grappling for an answer to the major question right now. a reopening of liquor shops in india has seen record sales. | Negative |
https://economictimes.indiatimes.com/news/economy/finance/economic-growth-may-fall-sharply-to-2-6-per-cent-in-2020-21-sbi-ecowrap/articleshow/74835804.cms | New Delhi: The country's economic growth is likely to fall sharply to 2.6 per cent in 2020-21 due to lockdown amid the coronavirus pandemic, a research report said on Thursday.According to a report by SBI Research's Ecowrap , GDP growth for 2019-20 could also see a downward revision from 5 per cent to 4.5 per cent, wit... | a research report says the country's economic growth is likely to fall sharply to 2.6% in 2020-21. the lockdown is due to the coronavirus pandemic, the report says. the report says the country's growth for 2019-20 could also see a downward revision from 5% to 4.5 per cent. the lockdown is expected to last 21 days, with... | Negative |
https://www.moneycontrol.com/news/business/german-court-hands-ecb-three-month-ultimatum-to-justify-stimulus-scheme-5225821.html | The Bundesbank must stop buying government bonds under the European Central Bank's long-running stimulus scheme within three months unless the ECB can prove the purchases are needed, Germany's top court ruled on Tuesday.
The verdict deals a blow to the 2-trillion-euro Public Sector Purchase Programme (PSPP) credited w... | the ECB must stop buying government bonds under the stimulus scheme. the decision leaves open a loophole for continuing the scheme. the public sector purchase programme is credited with keeping the euro zone economy afloat. the ecj has already cleared the scheme. but the ruling does not apply to the ECB's pandemic-figh... | Negative |
https://www.financialexpress.com/world-news/aircraft-fighting-australia-bushfires-loses-contact-may-have-crashed/1832413/ | An aircraft fighting bushfires in Australia lost contact with ground control and may have crashed, officials said on Thursday, as soaring temperatures and strong winds fanned blazes in the country’s southeast including one on the capital’s doorstep.
The New South Wales (NSW) Rural Fire Service said it was investigatin... | soaring temperatures and strong winds fanned blazes in australia's southeast. large air tanker (LAT) may have crashed, fire service says. soaring temperatures and strong winds fanned blazes in the state's snowy monaro region. hundreds of wildfires in australia have killed 29 people since September. | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-fallout-unemployment-rate-spikes-to-23-after-lockdown-says-cmie/story/400349.html | The overall unemployment rate may have surged to 23 per cent, with urban unemployment standing at nearly 31 per cent, amid the countrywide lockdown due to coronavirus outbreak, Centre for Monitoring Indian Economy (CMIE) estimates showed. The employment situation worsened from the start of March, before the lockdown wa... | overall unemployment rate surges to 23 per cent, with urban unemployment at nearly 31 per cent. india is under a 21-day lockdown due to coronavirus outbreak. unemployment rate surges to nearly 9 per cent, highest in last 43 months. CMIE: india's unemployment rate is at its highest level in 43 months. a spokesman for th... | Negative |
http://www.moneycontrol.com/news/business/news-live-did-sridevi-die-due-to-drowning-2515887.html | 20:18 ACC shelves merger with Ambuja Cements
ACC has called off the merger with Ambuja Cements Limited (ACL). ACC has said in a BSE notification that currently there are 'constraints in implementing merger between the company and ACL." The notification continues to say that the merger with ACL remains to be 'the ultim... | ACC has called off merger with Ambuja Cements Limited (ACL) merger with ACC remains to be 'the ultimate Objective' and will not be proceeding with the Merger. 'there are constraints in implementing merger between the company and ACL', ACC says. 'the merger with ACL remains to be 'the ultimate Objective' | Negative |
https://www.businesstoday.in/latest/trends/boycott-of-chinese-goods-will-not-hurt-china-economy-says-chidambaram/story/407524.html | Former Finance Minister P Chidambaram on Saturday said that boycotting Chinese products will not hurt China's economy as the neighbouring country's trade with India is only a fraction of its trade globally. He added, "We must become self-reliant as much as possible but we can't decouple with the rest of the world. Indi... | former finance minister says china's trade with india is only a fraction of its global trade. he says the country must become self-reliant but not decouple with the rest of the world. he says the comments on the recent clashes with china have left everyone baffled and bewildered. he urges the government to reject the C... | Negative |
https://www.moneycontrol.com/news/business/companies/yes-bank-better-avoid-temptations-wait-for-rbi-roadmap-before-investing-3004941.html | Rana Kapoor | Representative image
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Madhuchanda Dey
Moneycontrol Research
The stock of Yes Bank has been hammered since the Reserve Bank of India (RBI) curtailed the term of its current promoter- CEO, Rana Kapoor. The damage control exercise has started with vigour an... | Yes bank has been hammered since the Reserve Bank of India curtailed the term of its current promoter- CEO, Rana Kapoor. management highlighted the roadmap of the 'Search & Selection Committee' within the bank to find Kapoor’s succession within the stipulated time period. the bank expects growth to come down optically ... | Negative |
https://www.moneycontrol.com/news/business/markets/an-evening-walk-down-dalal-street-global-weakness-drags-sensex-572-pts-all-sectoral-indices-end-in-the-red-3261021.html | Benchmark indices corrected sharply for the second consecutive session in line with global weakness on Thursday, ahead of a crucial OPEC meeting decision due later in the day. In intraday trade, the Sensex fell more than 600 points and the Nifty broke 10,600 levels.
Traders also remained cautious ahead of five states ... | Sensex down more than 600 points and Nifty breaks 10,600 levels. broader markets caught in bear trap as 47 stocks end in red. OPEC meeting due later in the day. five states elections exit poll due on friday evening. a crucial OPEC meeting decision due later in the day. a spokesman for the OPEC says the syria referendum... | Negative |
https://www.businesstoday.in/current/corporate/moodys-confirms-delhi-igi-airports-ba3-ratings-downgrades-hyderabad-airports-rating-to-ba2/story/406869.html | Moody's Investors Service has confirmed Delhi International Airport Ltd's (DIAL's) Ba3 corporate family rating and senior secured ratings and downgraded GMR Hyderabad International Airport Ltd's (HIAL's) corporate family rating to Ba2 from Ba1. The outlook on the ratings for both has been changed to negative from ratin... | Moody's Investors Service confirms Delhi International Airport's (DIAL's) Ba3 corporate family rating and senior secured ratings. it downgrades GMR Hyderabad International Airport's (HIAL's) corporate family rating to Ba2 from Ba1. the outlook on the ratings for both has been changed to negative from ratings under revi... | Negative |
https://www.moneycontrol.com/news/india/assessing-impact-of-us-decision-on-blocking-h-1b-visas-mea-5459251.html | India on Thursday said it was assessing the impact of the Trump administration's decision to block H-1B visas on Indian nationals and industry but indicated its dismay over it saying people-to-people linkages and economic cooperation are an important dimension of ties between the two countries.
In a huge blow to India... | the decision is likely to affect movement of Indian skilled professionals, an official says. the government is assessing the impact of the order on Indian nationals and industry. the decision is going to impact a large number of Indian IT professionals. the decision is going to impact several american and Indian compan... | Negative |
https://economictimes.indiatimes.com/nri/visa-and-immigration/us-green-card-ruling-may-not-hurt/articleshow/73718886.cms | Do you meet the immigration criteria? Check here
PUNE: Most Indian nationals in line for a US green card are unlikely to be affected by the US Supreme Court ’s decision to lift an injunction on a rule requiring an additional set of factors while reviewing green card applications.The public charge rule, which gives dis... | the rule was introduced by the Trump administration last year. it gives immigration officers discretion to decide who they want to admit. it is based on their assessment of whether immigrants are likely to become an expense to taxpayers by requiring state-sponsored aid. a small number of people who apply for a green ca... | Negative |
https://economictimes.indiatimes.com/news/politics-and-nation/centres-decision-to-set-up-ifsc-hq-in-guj-egregious-pawar/articleshow/75517521.cms | Mumbai: NCP chief Sharad Pawar has said the Centre's decision to set up headquarters of the International Financial Services Centre IFSC ) at Gandhinagar instead of Mumbai is egregious, erroneous and unwarranted", and urged the Union government to reconsider it.This will not only cause financial damage to the country, ... | he says the decision to set up a headquarters in Gujarat is egregious, erroneous and unwarranted. the former minister urges the government to reconsider the decision. he says Mumbai is the country's financial capital and the best choice for the IFSC. he says the city has been recognised as one of the worlds top 10 cent... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-pregnant-women-struggle-to-access-healthcare-facilities-amid-lockdown/story/403310.html | A few days ago, Zareena took a pregnant woman to a nearby hospital post-midnight after all the emergency helpline numbers failed to respond. She had to arrange a bike after her numerous calls for an ambulance went unanswered. "The lady is safe now. She gave birth to a baby boy," added Zareena, an ASHA worker in Noida.
... | pregnant women in india are severely facing the brunt of the coronavirus-induced lockdown. many doctors have closed their private clinics amid the lockdown due to staff unavailability. gynaecologists in Delhi-NCR say there has been a significant decline in pregnant women's footfall in hospitals due to fear of coronavir... | Negative |
https://economictimes.indiatimes.com/industry/telecom/telecom-news/broadcasters-unite-against-trais-revised-tariff-order/articleshow/73198445.cms | Mumbai: Top Indian broadcasters shared a stage on Friday to express solidarity against the latest amendments to broadcast sector tariffs by the Telecom Regulatory Authority of India (TRAI). Under the aegis of the Indian Broadcasting Foundation (IBF), top executives of Star & Disney India, Zee Entertainment Enterprises ... | top executives of Star & Disney India, Zee Entertainment Enterprises (ZEE), Sony Pictures Networks India (SPN), Viacom 18, Discovery Communications, Turner International, ETV and TV Today Network spoke out against the latest amendments to broadcast sector tariffs. they also hinted at the grouping exploring legal option... | Negative |
https://www.moneycontrol.com/news/business/markets/have-seen-much-worse-in-the-past-says-principal-eco-adviser-sanjeev-sanyal-on-market-crash-5029571.html | India is not insulated from the turmoil global financial markets, Principal Economic Adviser Sanjeev Sanyal told CNBC-TV18.
On March 13, the Indian stock market hit the lower circuit for the first time in 12 years after 2008 crisis, halting trading for 45 minutes.
"Have seen much worse on trading floors in the past,"... | india is not insulated from the turmoil global financial markets, economic adviser says. he sees inflation falling off sharply in the next two readings. a vaccine works by mimicking a natural infection. a vaccine helps quickly build herd immunity to put an end to the pandemic. the good news is that SARS-CoV-2 virus has... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/market-likely-to-continue-on-a-zigzag-course-till-the-yearend/articleshow/78715235.cms |
ET CONTRIBUTORS
The domestic equity market corrected sharply midway through the week gone by on renewed fear of a spike in Covid-19 cases and fresh restrictions in some of the advanced countries.With the US Election Day just three weeks away, global markets have also slipped into a wait-and-watch mode. Both politi... | domestic equity market corrected sharply midway through the week gone by. renewed fear of a spike in Covid-19 cases and fresh restrictions in some advanced countries. global markets have also slipped into a wait-and-watch mode. fears that the election this time around may bring with it a prolonged litigation over the b... | Negative |
https://www.moneycontrol.com/news/podcast/coronavirus-essential-covid-19-drug-selling-at-markup-of-12-times-in-black-market-us-withdraws-from-who-5524321.html | While India waits for Cipla to release the COVID-19 drug Remdesivir, the drug is being found in the black markets at a markup of upto Rs 60,000. The Drug Controller General of India has warned department officials in states and union territories to look out and prevent the black marketing of the drug.
Meanwhile, the U... | the drug is being found in the black markets at a markup of upto Rs 60,000. the drug controller general of india has warned state officials to look out. the us has withdrawn from the world health organization. meanwhile, the pandemic is affecting a number of countries. a u.s. president has accused the agency of taking ... | Negative |
https://www.financialexpress.com/economy/coronavirus-impact-eurozone-economy-shrinking-by-quarterly-rate-of-7-5-says-survey/1937558/ | A closely watched survey of economic activity across the 19-country eurozone suggests that the single currency bloc is contracting at a quarterly rate of 7.5% as a result of the lockdowns put in place by governments to get a grip on the coronavirus pandemic.
Financial information firm IHS Markit said Thursday that its... | eurozone is shrinking by a quarterly rate of 7.5% as a result of the lockdowns. the eu leaders will hold a virtual summit on the issue on thursday. the eu has already mobilized around 3.3 trillion euros ($3.6 trillion) to help the newly jobless. the services sector has borne the brunt of the lockdown. | Negative |
http://www.financialexpress.com/auto/car-news/german-minister-to-carmakers-invest-in-electric-cars-or-lose-out/1134673/ | The German car industry, which accounts for some 800,000 jobs in Europe’s biggest economy, is struggling with a global backlash against diesel cars after Volkswagen admitted in 2015 that it had cheated U.S. exhaust tests.
The German automotive industry must invest heavily in electric car technology and develop battery... | economy minister says german car industry must invest heavily in electric car technology. he says the carmakers need to invest high "two-digit billion amounts" in electric car technology. he said he did not understand why the firms had hesitated for so long. he said a large part of the added value will be produced in t... | Negative |
http://www.moneycontrol.com/news/business/news-live-sterlite-tech-bags-rs-3500cr-project-from-indian-navy-2515887.html | 20:18 ACC shelves merger with Ambuja Cements
ACC has called off the merger with Ambuja Cements Limited (ACL). ACC has said in a BSE notification that currently there are 'constraints in implementing merger between the company and ACL." The notification continues to say that the merger with ACL remains to be 'the ultim... | ACC has called off merger with Ambuja Cements Limited (ACL) merger with ACC remains to be 'the ultimate Objective' and will not be proceeding with the Merger. 'there are constraints in implementing merger between the company and ACL', ACC says. 'the merger with ACL remains to be 'the ultimate Objective' | Negative |
https://economictimes.indiatimes.com/news/economy/foreign-trade/the-china-syndrome-while-the-world-is-being-sinified-the-resistance-is-gathering-force-too/articleshow/76460149.cms | The coronavirus pandemic has highlighted the problem of transparency, and what China’s lack of it means for the global order. But that problem has already been there in spades, ever since the West made a Faustian bargain by admitting Communist China into the global trading order.Global markets can only function with a ... | coronavirus pandemic has highlighted the problem of transparency. but it has already been there in spades, ever since the west made a Faustian bargain by admitting Communist China into the global trading order. with China's rise to become the world's second biggest economy, the postwar liberal order has been imploded f... | Negative |
https://www.moneycontrol.com/news/india/covid-19-to-test-several-established-legal-precedents-in-the-months-ahead-5225311.html | By Jayant Bhatt
For the past few months, we have been staring into the face of a grave danger, to the economy, society, as well as to the human race. What repercussions will ensue, none can fathom. None of us has witnessed a situation like the present one, where flights are grounded, ships remain docked at ports, cars... | a pandemic like this is a grave danger to the economy, society and human race. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by building herd immunity to put an end to the pandemic. | Negative |
https://www.businesstoday.in/current/economy-politics/india-china-border-dispute-rahul-gandhi-modi-govt-galwan-valley-ladakh-lac/story/410187.html | Congress leader Rahul Gandhi, on Friday, launched a scathing attack on the Modi government over its rule of the past six years in the country. He added that constant blunders since 2014 have left India vulnerable to such an attack. Gandhi, in a video posted on his official Twitter handle, mulled over the reasons that p... | a video posted on his official twitter handle mulled over the reasons for the Chinese offensive. Gandhi enunciated that all have been destroyed by the modi government over the past six years. he said the PM's constant blunders have fundamentally weakened India and left us vulnerable. he said: "a country is protected by... | Negative |
https://www.moneycontrol.com/news/business/markets/wall-street-drops-as-stimulus-delay-weighs-6218791.html | Wall Street's main indexes slipped on December 10, heading for weekly losses as doubts over more economic stimulus dented sentiment, while data showing improved consumer sentiment kept losses in check.
Nine of the 11 major S&P indexes were down in morning trading, with energy and financials among the biggest decliners... | nine of 11 major S&P indexes were down in morning trading. energy and financials among biggest decliners on profit taking in economically sensitive sectors. alternating headlines on progress toward a stimulus deal keep investors on edge. house speaker pelosi on Thursday raised possibility of stimulus negotiations dragg... | Negative |
https://www.financialexpress.com/industry/sme/walmart-indias-losses-up-74-in-fy20-even-as-revenue-increases-20-to-rs-4926-crore/2102426/ | Walmart India, whose wholesale operation was acquired by Flipkart in July this year, saw its losses for the financial year (FY) 2020 increase 74 per cent from last FY. The company reported Rs 299.20 crore in net loss up from Rs 171.68 crore in FY19, according to its FY20 financials accessed by business intelligence pla... | Walmart reported Rs 299.20 crore in net loss up from Rs 171.68 crore in FY19. the company owned and operated 28 best price cash and carry stores. it also had two fulfilment centres based in Lucknow and Hyderabad. walmart also launched a marketplace for MSMEs and kiranas. expenses shot up 22 per cent from Rs 4,266 crore... | Negative |
https://www.moneycontrol.com/news/business/economy/covid-19-q1-global-contractions-indicate-a-deepening-crisis-5217781.html | Representative image
Due to the spread of coronavirus and the global lockdown, multilateral organisations and international agencies have been predicting the worst economic downturn since Great Depression. All are almost unanimous on this view for two main reasons. First, the virus has affected both the developed and ... | virus has affected both developed and developing economies simultaneously. it is now spreading fast into Russia, Turkey, South Asia, West Asia and Latin America. eu’s statistical agency, Eurostat, has reported that for the 2020 first quarter, the GDP in 19 Eurozone economies has shrunk by 3.8 percent. the same figure f... | Negative |
https://www.businesstoday.in/current/corporate/job-creation-top-priority-skilled-people-finding-hard-jobs-am-naik/story/372946.html | AM Naik, Larsen & Toubro Group Chairman and National Skill Development Corporation chief, said the government needed to take urgent steps to ensure job creation and that even skilled people were finding it difficult to find a suitable job in times of slowdown in the economy. The government should focus on building a co... | AM Naik, chairman of the Larsen & Toubro group, says job creation is urgent. he says even skilled people are finding it difficult to find a suitable job. he says the government needs to fund industrial growth to boost job creation. he also says the economic slowdown in india will not help those seeking jobs abroad. he ... | Negative |
https://economictimes.indiatimes.com/mf/analysis/stay-put-in-equities-increase-allocation-to-debt-instruments/articleshow/62830697.cms | The brisk correction in the stock market of the past four days, which has eroded the gains in the Sensex and the Nifty so far in 2018, has various investors wondering whether the bull market is over for the moment? ET spoke to senior market participants on what investors should do at this juncture. The consensus is tha... | etihad: correction in stock market has eroded gains in Sensex and Nifty so far in 2018. he says investors should stay put while allocating portion of their money to debt. etihad: equities will continue to outperform at least for the next 12-18 months. he says equities are good but midcaps are volatile as well. | Negative |
https://www.businesstoday.in/current/corporate/covid-19-fmcg-majors-amul-godrej-itc-hike-output-up-to-20-as-anxiety-buying-spikes/story/398814.html | The panic around the outbreak of COVID-19 pandemic in India has led a large segment of consumers hoarding basic food items such as milk, curd, rice, atta, oil and lentils, as well as personal care products such as soaps, handwash and sanitisers. One often gets to see empty shelves not just in neighbourhood kirana store... | consumer panic around the outbreak of COVID-19 has led a large segment of consumers hoarding basic food items. demand for long shelf life milk, milk powder and cheese has gone up by 20 per cent over the last two weeks. consumer goods companies claim that they have stepped up manufacturing on a war-footing to meet addit... | Negative |
https://www.moneycontrol.com/news/world/trump-says-us-terminating-relationship-with-who-takes-steps-against-china-5336271.html | US President Donald Trump on Friday said that America is terminating its relationship with the World Health Organization as he blamed it and China for the deaths and destruction caused by the COVID-19 pandemic across the globe.
Stating that the funding of the WHO would now be diverted to other global public health org... | president says the world needs answers from china. he says the us will end special treatment of Hong Kong. a vaccine works by mimicking a natural infection. a vaccine helps quickly build herd immunity to put an end to the pandemic. a vaccine is a vaccine that is based on the whole virus. a vaccine is a molecule that is... | Negative |
https://www.moneycontrol.com/news/business/coronavirus-impact-economy-will-take-6-9-quarters-to-revive-axis-bank-ceo-5200881.html | The government needs to lift the lockdown entirely now or else the country will face severe implications, Amitabh Chaudhry, Chief Executive Officer (CEO) of Axis Bank, said on April 29.
India has had the strictest lockdown with no major fiscal support like other countries, said Chaudhry, adding that it will take 6-9 q... | the government needs to lift the lockdown now or the country will face severe implications. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking... | Negative |
https://economictimes.indiatimes.com/news/politics-and-nation/covid-19-indians-economic-growth-likely-to-decline-by-200-bps-in-fy21-says-yashwant-sinha/articleshow/74848093.cms | NEW DELHI: India's economic growth is likely to decline by 2 percentage points in the next financial year due to the impact of coronavirus pandemic and the consequent 21-day countrywide lockdown, former finance minister Yashwant Sinha said on Friday. In an interview to PTI, Sinha said India was already facing high unem... | Yashwant Sinha says india's economic growth is likely to decline by 2 percentage points. he says the country's economic growth has been on a downward trend for 7-8 quarters now. the lockdown will result in a shave off at least 1 percentage point of GDP, he says. the former finance minister says the government will have... | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/covid-impact-manufacturing-cos-struggle-to-streamline-production-due-to-weak-demand-labour-crunch-and-broken-supply-chain/articleshow/75747344.cms | Mumbai | Kolkata: With the country still under lockdown and suppliers and dealers only partially open, manufacturing firms that were allowed to resume operations are finding the going tougher than expected.Auto, steel, cement, component makers and engineering companies are struggling to streamline production, with outp... | auto, steel, cement, component makers and engineering firms are struggling to streamline production. demand is yet to revive, labour availability is limited and new safety and health norms have to be enforced in the workplace. maruti Suzuki chairman RC Bhargava: "this situation is new and unique, without precedent and ... | Negative |
https://www.moneycontrol.com/news/business/markets/global-cues-pull-down-indices-as-nifty-retests-9700-5-factors-weighing-on-d-street-5394461.html | It looks like a freaky Friday in the making. The S&P BSE Sensex plunged more than 1,000 points to break below its crucial psychological support at 33,000 while Nifty50 breached 9,700 at open.
Sectorally, selling pressure was seen in bankex, finance, capital goods, metals and auto index.
At 09:20 AM, the S&P BSE Sense... | the three major US stock indexes fell more than 5%, posting their worst day since mid-March. the reopening of the u.s. economy may spark a second wave of COVID-19 related cases. fears of a second wave of COVID-19 related cases have sparked fears among investors that it would delay the economic recovery. | Negative |
https://www.financialexpress.com/jobs/coronavirus-pandemic-about-25-million-jobs-could-be-lost-worldwide-due-to-covid-19-says-un/1903104/ | Nearly 25 million jobs could be lost worldwide due to the coronavirus pandemic, but an internationally coordinated policy response can help lower the impact on global unemployment, according to a UN agency.
In its preliminary assessment report titled “COVID-19 and world of work: Impacts and responses”, the Internation... | the international labour organization (ILO) calls for urgent, large-scale and coordinated measures across three pillars. measures include extending social protection, supporting employment retention and financial and tax relief. the report provides different scenarios for how unemployment and underemployment will be im... | Negative |
https://economictimes.indiatimes.com/industry/cons-products/food/unilever-to-create-separate-entity-for-global-tea-business-but-will-retain-india-and-indonesia/articleshow/77123331.cms | Mumbai: Unilever said it will create a separate entity for its tea business globally but will exclude India and Indonesia business, as part of the review for the segment that began earlier this year."We will retain the tea businesses in India and Indonesia and the partnership interests in the ready-to-drink tea joint v... | unilever will retain tea businesses in India and Indonesia. the company will also exclude the partnership interests in the ready-to-drink tea joint ventures. the tea business that will be separated generated revenues of $2.3 billion in 2019. the company posted its slowest quarterly growth in a decade. the separation is... | Negative |
https://www.businesstoday.in/current/corporate/brokers-body-seeks-sebi-finmin-intervention-as-franklin-closes-6-debt-schemes/story/401944.html | Terming the shut down of six debt schemes by Franklin Templeton Mutual Fund (FTMF) as an extreme step that has created panic, an umbrella body of brokers on Friday sought markets regulator Sebi and the Ministry of Finance's intervention to protect investor interest.
FTMF stunned all by deciding to shutter operations o... | ANMI: FTMF's decision to shutter six debt schemes has created panic among investors. ANMI seeks intervention from regulator Sebi and the ministry of finance. FTMF says it was informed in advance about the decision to protect investor wealth. ANMI: FTMF's decision to shutter schemes is an "extreme step" that has created... | Negative |
https://www.moneycontrol.com/news/trends/delhi-violence-was-well-planned-assault-on-idea-of-india-says-karnataka-bjp-4986741.html | Representative image
The Karnataka unit of the Bharatiya Janata Party said on February 28 that the violence that erupted in northeast Delhi was a “well-planned assault on the idea of India”.
Tweeting from its official social media handle, they dubbed those demonstrating against the contentious new citizenship law to ... | the Karnataka unit of the BJP said on February 28 that the violence that erupted in northeast Delhi was a 'well-planned assault on the idea of India'. tweeting from its official social media handle, they dubbed those demonstrating against the contentious new citizenship law to be "fake protesters" and held them respons... | Negative |
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ICICI Securities research report on Cummins India
Cummins India’s (Cummins) export revenues dropped 21% YoY and domestic revenues declined 22% YoY in Q4FY20 in line with expectations. Management is sanguine about recovery from US and China export markets while the Midd... | Cummins India’s (Cummins) export revenues dropped 21% YoY and domestic revenues declined 22% YoY in Q4FY20. management is sanguine about recovery from US and China export markets. focus on cashflows, leadership in technology and gradual recovery in export markets augur well for long-term growth. 'we cut FY21E earnings ... | Negative |
https://economictimes.indiatimes.com/markets/expert-view/fii-selloff-subsiding-sign-that-theyll-return-soon-taher-badshah/articleshow/75195831.cms | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website Indian School of Business ISB Chief Digital Officer Visit IIM Lucknow IIML Chief Operations Officer Programme Visit Indian School of Business ISB Chief Technology Officer Visit
Market’s fears are not entirely misplaced. But we ha... | 65% of cases are probably coming out of three or four states that comprise large swaths of India. a lot of money has flowed out in a very short time of one month. a lot of money has flowed out in a very short time of one month. a lot of money has flowed out in a very short time of one month. | Negative |
https://www.financialexpress.com/industry/analyst-corner-buyon-idfc-bank-tp-at-rs-43-capf-merger-is-value-accretive/1365948/ | Edelweiss
IDFC Bank (IDFCB) reported Q2FY19 loss of `3.6 bn due to higher credit cost and much higher opex (up >23% q-o-q). Key highlights: (a) upfronted provision on stress pool (of `5.4 bn) in Q2FY19 itself, thereby increasing coverage to 80%, (b) overall stress pool fell to `29 bn as the bank sold `24 bn (on cash b... | bank reported loss of 3.6 bn due to higher credit cost and much higher opex. overall stress pool fell to 29 bn as bank sold 24 bn (on cash basis) balance sheet reorientation continued as infra book ran down further. retail segment up 1.3x y-o-y (rural up 88%) | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-fallout-imf-cuts-indias-gdp-growth-to-19-global-economy-to-see-worst-recession-since-1930s/story/400988.html | India's GDP is expected to fall to 1.9 per cent in FY21 as against 5.8 per cent estimated in January amid the ongoing lockdown due to coronavirus pandemic, a global report said. The Indian economy may grow at 4.2 per cent in FY20 as against 5 per cent estimated by the statistics department, the International Monetary F... | india's GDP is expected to fall to 1.9 per cent in FY21, a global report says. the country may grow at 4.2 per cent in FY20, the report says. global growth will see its worst recession this year since the 1930s, it adds. the global economy is likely to fall by 3 per cent in 2020. but India may see a sharp economic reco... | Negative |
https://www.livemint.com/Money/BnEWhGQRz4B7zoD04wK5BJ/FPIs-turn-net-sellers-in-September-pull-out-15365-crore-s.html | New Delhi: Overseas investors have pulled out a massive ₹ 15,365 crore ($2.1 billion) from the capital markets so far in September, after putting in funds during the previous two months, on widening current account deficit coupled with global trade tensions.
The latest outflow comes following a net infusion of close t... | foreign investors have pulled out 15,365 crore ($2.1 billion) from the capital markets. the outflow comes after a net infusion of close to 5,200 crore last month and 2,300 crore in July. prior to that, overseas investors had pulled out over 61,000 crore during April-June. the outflow is due to widening current acco... | Negative |
https://www.businesstoday.in/current/economy-politics/india-unemployment-rate-in-march-rises-to-nearly-9-highest-in-43-months-cmie/story/400057.html | Even as India fights the spread of COVID-19 pandemic, India's unemployment rate surged to nearly 9 per cent, highest in the last 43 months, according to data released by think-tank Centre for Monitoring Indian Economy (CMIE). The unemployment rate stood at 8.74 per cent in March, highest since August 2016 when demoneti... | india's unemployment rate surges to nearly 9 per cent, highest in 43 months. in march, the unemployment rate stood at 8.74 per cent, highest since demonetisation. the labour participation rate fell to 41.9 per cent, lowest since January 2016. the consumer pyramids household survey was suspended during the week ended ma... | Negative |
https://economictimes.indiatimes.com/markets/stocks/earnings/jm-financial-q4-results-logs-1-49-rise-in-net-profit-on-coronavirus-provision/articleshow/75579418.cms |
Mumbai: JM Financial on Wednesday reported a 6.12 per cent rise in total income at Rs 840.58 crore for the January-March quarter against Rs 792.11 crore recorded for the comparable year-ago period.The company reported a 7.64 per cent drop in March quarter profit after tax and before controlling interest compared with ... | the company reported a 6.12 per cent rise in total income at Rs 840.58 crore for the January-March quarter against Rs 792.11 crore recorded for the comparable year-ago period. the company has made a provision of Rs 175 crore on account of the uncertainties around the impact of Covid-19. the company has made a provision... | Negative |
https://www.financialexpress.com/world-news/iranian-lawmakers-set-paper-us-flag-ablaze-at-parliament/1160796/ | Iranian lawmakers lit a paper US flag on fire at parliament Wednesday after President Donald Trump’s nuclear deal pullout, shouting, “Death to America!” Lawmakers held the impromptu demonstration the day after Trump’s decision. They also burned a piece of paper representing the nuclear deal. The chant “Death to America... | lawmakers lit a paper US flag on fire at parliament after Trump's nuclear deal pullout. they also burned a piece of paper representing the nuclear deal. the chant “Death to America” long has been used in Iran since its 1979 Islamic Revolution. many are worried about what Trump’s decision could mean for their country. t... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-impact-occupancy-of-office-space-dips-30-in-first-three-months-says-jll-india/story/400781.html | As coronavirus wreaks havoc across the world, almost all sectors, including the real estate sector, are suffering heavy losses. According to a recent report by independent property consultancy firm JLL India, there has been about 30 per cent drop in net absorption of Grade A office space to 8.6 million sq ft in India f... | coronavirus has halted construction in india, causing migrant labourers to return to villages. industry body urges government to partially lift nation-wide lockdown. industry experts predict landlords may have to sit on locked capital or completed buildings. industry body also urges government to come up with economic ... | Negative |
https://www.livemint.com/companies/news/life-without-lvmh-how-tiffany-might-fare-without-the-luxury-giant-11599840139660.html | NEW YORK/MILAN/PARIS: LVMH, the world's biggest luxury group, has called off its $16-billion engagement to Tiffany. Wall Street however seems to think the U.S. jeweler will fare just fine by itself.
The jilted bride thinks so, too.
On Wednesday, after news that LVMH would not proceed with its takeover deal, Tiffany C... | LVMH has called off its $16-billion engagement to Tiffany. a lawsuit filed in the united states alleges LVMH foot-dragging on antitrust. if the deal collapses, Tiffany will be fine as it is, says Tiffany chief executive. LVMH offered $135 per share to Tiffany's investors. a spokesman for LVMH says it is investigating t... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-scare-foreign-tourist-arrivals-hit-record-low-in-february/story/399590.html | The devastating impact of coronavirus on tourism sector can be gauged with the foreign tourist arrivals data. In February 2020, 1.01 million foreign tourists arrived in India compared to 1.08 million in February 2019, registering a year-on-year (y-o-y) de-growth of -6.6 per cent. This was the sharpest decline since 201... | india recorded a year-on-year (y-o-y) de-growth of -6.6 per cent in February 2020. this was the sharpest decline since 2015 and also the first in the month of February. in January it grew 1.3 per cent on a y-o-y basis. in the month-on-month (m-o-m) basis, tourists' arrivals in February fell 9.2 per cent compared to 8.9... | Negative |
https://www.financialexpress.com/money/coronavirus-crisis-how-to-get-your-finances-in-order-in-case-of-job-loss/1907667/ | As a result of the coronavirus impact, if it continues for some more time, pay-cuts and job lay-offs may not be a surprise. The coronavirus (COVID-19) pandemic has put a halt on various business operations. Even though no sector is immune to layoffs especially with a slowdown in the economy, however, there are certain ... | coronavirus (COVID-19) pandemic has put a halt on various business operations. there are certain sectors/businesses that are bound to be hit badly. people in travel and tourism sector, hotels and airlines are the ones most in danger. if you are in a single bread-earner or part of a double income family, you may need to... | Negative |
https://www.financialexpress.com/market/indian-capital-markets-are-witnessing-a-changing-landscape-due-to-coronavirus-heres-how/1922330/ | By Ved Malla
In the past five years, capital markets in India have witnessed bull and bear phases. The bulls accounted for most of the five-year period; however, Q1 2020 completely changed this landscape. Due to the COVID-19 outbreak, capital markets have taken a beating both globally and locally in India.
Exhibit 1 ... | the bulls accounted for most of the five-year period through December 2019. however, due to the COVID-19 outbreak, capital markets took a beating in the quarter. the large-cap segment outperformed all size indices in the past five years. the S&P BSE SENSEX outperformed all size indices. | Negative |
https://economictimes.indiatimes.com/news/international/business/jeff-bezos-elon-musk-among-billionaires-gaining-net-worth-in-pandemic-report/articleshow/75328037.cms | The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10% during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).The wealth surge of America's richest men happened during a perio... | the wealth surge of the nation's richest men happened during a period that saw 22 million Americans file for unemployment. tech stocks like Zoom have rallied in recent weeks due to a surge in usage of video conferencing. 34 of the nation's wealthiest billionaires have seen their net worth increase by tens of millions o... | Negative |
https://www.financialexpress.com/defence/us-and-iraq-unwinding-strategic-space/1992994/ | By Amb Anil Trigunayat
Since the US invasion Iraq has not seen the peace, progress or democracy it had hoped for. On the contrary, during the past three decades, it has become a hotbed of extremism, terrorism and resultant violence with a vast array of non-state actors, militias and proxies becoming a way of life. Mor... | since the invasion of the country, it has become a hotbed of extremism, terrorism and violence. a vast array of non-state actors, militias and proxies have become a way of life. a u.s. drone attack killed two of the country's top leaders in the u.s. in the u.s. | Negative |
https://www.financialexpress.com/market/covid-19-to-continue-to-dictate-market-trends-analysts/1905934/ | Trading at the Indian bourses this week would continue to be guided by developments on the coronavirus front and concerns over its impact on the economic activity will most likely weigh on the markets, according to analysts.
“The markets will continue to focus on whether the virus infection rate peaks out and also on ... | Sensex fell 12.27 per cent during last trading week. equity markets witnessed a relief rally on friday after four days of fall. Sensex ended 1,627.73 points or 5.75 per cent higher at 29,915.96. if the situation improves from here then we can expect a bargain buying in the market which may lead a smart rally in the com... | Negative |
https://www.moneycontrol.com/news/business/economy/rbi-monetary-policy-report-post-covid-19-estimates-suggest-global-economy-to-slump-into-recession-in-2020-5126021.html | The global economy is expected to go into recession after taking into account the impact of the COVID-19 pandemic, the Reserve Bank of India (RBI) said in its latest Monetary Policy report.
"Aggregate demand is expected to be impacted adversely by likely recession in the global economy, caused by disruptions in global... | the global economy is expected to go into recession after taking into account the impact of the COVID-19 pandemic. disruptions in global supply chains, travel and tourism, and lockdowns in many economies are expected to affect demand. a vaccine works by mimicking a natural infection. the good news is that SARS-CoV-2 vi... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/benign-p/e-of-nifty-yet-to-price-in-india-incs-lockdown-woes/articleshow/75545455.cms | ET Intelligence Group: If the current stock valuations look alluring to you, then hold on. The benchmark Nifty 50 index trades at 15 times its one-year forward earnings, in line with the longterm average, according to the data from Bloomberg. But, it does not reflect the true picture since the rate of fall in the analy... | the benchmark Nifty 50 index trades at 15 times its one-year forward earnings. but the rate of fall in the analysts’ earnings per share (EPS) estimates has so far been quite slow. the risk of accentuated earnings downgrade is elevated. the 12-month forward EPS has been pruned by just 11 per cent to Rs 600 per share sin... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/in-broadside-against-china-trump-moves-toward-ending-hong-kong-privileges/articleshow/76104086.cms |
WASHINGTON/HONG KONG: President Donald Trump on Friday ordered his administration to begin the process of eliminating special US treatment for Hong Kong to punish China, but stopped short of calling an immediate end to privileges that have helped the territory remain a global financial center In making the announceme... | president Donald Trump orders his administration to begin the process of eliminating special US treatment for Hong Kong. he says the territory no longer warrants US economic privileges. he also says he will impose sanctions on individuals seen as responsible for "smothering - absolutely smothering - Hong Kong's freedom... | Negative |
https://www.financialexpress.com/brandwagon/has-zoom-got-it-right-on-security/1916916/ | By Dev C
Kaspersky, a few days ago, reported that more people were being scammed by hackers taking advantage of Covid-19 spread. But it is not only the individuals that have to bear the brunt of such mishaps. Zoom, a popular video conferencing app, is now amid a controversy. Television audience measurement body, Broad... | Zoom app is now amid a controversy. it is not the first vulnerability that has been exposed to over the last two weeks. last week it was reported that Zoom was using Facebook’s SDK for iOS users, allowing Facebook access to user data. a new vulnerability has been discovered in the app's browser. it is not known whether... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/dalal-street-week-ahead-careful-market-likely-to-slip-into-correction-mode-again/articleshow/74860847.cms |
We are using line charts, as they would enable us to take a longer-term structure of the weekly charts. We do this so that we can examine the behaviour of the market against the decade-long trend line, which stands violated. After a massive decline of over 12 per cent a week before this, Nifty decelerated its declin... | the week saw a spike in volatility as the india VIX shot up to its lifetime high. the entire week saw a rise in the domestic market, purely on the back of short covering. the truncated week ahead with Thursday being a trading holiday on account of Ram Navami. the RSI on the weekly chart stood at 15.79; it has marked a ... | Negative |
https://www.financialexpress.com/economy/q4-gdp-growth-estimate-no-consensus-among-economists-forecasters-govt-to-release-data-tomorrow/1973556/ | Eyes are glued on the Q4 economic growth data, as it includes the figures for one week of lockdown, which has the potential to drag the overall growth figure down.The government is set to release GDP growth figures for the fiscal fourth quarter Jan-Mar tomorrow; however, economists’ and rating agencies’ forecasts show ... | the government is set to release GDP growth figures for the fiscal fourth quarter Jan-Mar tomorrow. while ICRA estimates the Q4 GDP growth at 1.9 per cent, CRISIL estimates it at 0.5 per cent. a Reuters poll of economists has forecast India’s fourth quarter GDP growth at 2.1 per cent. the impact of the coronavirus pand... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-covid-19-daily-wage-workers-vulnerable-landless-labourers-agricultural-workforce/story/399186.html | With the entire country under a social and economic shutdown until April 14, this could be a very trying time for those who survive on daily labour.
In absence of reliable data, it may be tough to number them, but not identify those whose livelihood would have been seriously jeopardised because of the lockdown. They i... | a shutdown of the government will last until the end of the month. landless agricultural labourers, petty traders, tailors, barbers, construction workers are among those who are vulnerable. of the total workforce in india, 45.1% are cultivators and the rest 54.9% agricultural labour (or landless). the government is foc... | Negative |
http://www.moneycontrol.com/news/business/stocks/vedanta-slips-2-5-on-fall-in-december-quarter-profit-clsa-maintains-buy-2496879.html | Iron & Steel | Imports from China, 2019: 4 percent. (Image: Moneycontrol)
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Share price of Vedanta slipped 2.6 percent intraday Thursday on the back of fall in the December quarter net profit by 3.7 percent at Rs 2,053 crore, which includes one-time loss of Rs 158 crore.... | shares of Vedanta slipped 2.6 percent intraday on the back of fall in the December quarter net profit by 3.7 percent at Rs 2,053 crore. the company's consolidated revenue of the company was up 25.5 percent at Rs 24,361 crore against Rs 19,415 crore. iron ore revenue was down 41.8 percent at Rs 843 crore, aluminium reve... | Negative |
https://www.livemint.com/opinion/online-views/demand-stimulation-supply-constraints-and-recession-risks-11592494997161.html | The coronavirus pandemic reached India late, giving us a chance to learn from the experience of countries where it had spread earlier. Drawing on that experience, an unprecedented country-wide lockdown was enforced on 25 March. The objective was to slow the spread of the virus and gain time to prepare adequately for it... | the coronavirus pandemic reached india late, giving us a chance to learn from the experience of countries where it had spread earlier. an unprecedented country-wide lockdown was enforced on 25 march. the objective was to slow the spread of the virus and gain time to prepare adequately for its inevitable spread. a huge ... | Negative |
http://www.financialexpress.com/market/commodities/gold-price-jumps-rs-120-silver-gets-cheaper-by-rs-50-in-delhi-today/1021843/ | Gold prices fell Rs 120 while silver got costlier by Rs 50 on Friday at New Delhi bullion market. The most demanded precious metal gold had been on a cyclical path since December 2017. Today, gold prices extended losses, falling further by Rs 120 to Rs 30,830 per 10 grams at the owing to weak demand from jewellers desp... | gold prices fell by Rs 120 to Rs 30,830 per 10 grams at the narod market. silver recovered by Rs 50 to Rs 39,850 per kg on scattered enquiries. gold was trading higher by 0.38% to $1,331.40 an ounce in global markets. gold of 99.9% purity fell by another by Rs 120 each to Rs 30,830 and Rs 30,680. | Negative |
https://www.moneycontrol.com/news/business/companies/tech-mahindra-says-no-layoffs-yet-puts-wage-hikes-incentives-on-hold-5209131.html | live bse live
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Tech Mahindra on April 30 announced it is putting on hold incentives and wage hikes till there is more clarity on business as the coronavirus outbreak has disrupted operations worldwide.
However, its junior associates will get their remuneration packages in full.
Spea... | tech Mahindra on April 30 announced it is putting on hold incentives and wage hikes. junior associates will get their remuneration packages in full. a vaccine works by mimicking a natural infection. a vaccine helps quickly build herd immunity to put an end to the pandemic. a vaccine is a vaccine that is given to health... | Negative |
https://economictimes.indiatimes.com/markets/stocks/earnings/tcs-sees-q1-impact-due-to-covid-19-recovery-in-q3/articleshow/75187203.cms |
MUMBAI: India’s top IT services provider, Tata Consultancy Services , said disruption in its business will peak in the quarter to June following the Covid-19 virus outbreak that has roiled companies worldwide, with several key IT clients, especially in the travel and hospitality sectors, severely impacted over the la... | disruption in business will peak in the quarter to June following the outbreak. several key IT clients, especially in the travel and hospitality sectors, have been severely impacted over the last two months. the impact of the covid-19 pandemic is comparable to the global financial crisis (of 2008). 'we are in the midst... | Negative |
https://economictimes.indiatimes.com/news/international/business/uk-car-sales-crash-to-1946-low-on-virus-lockdown/articleshow/75551502.cms | LONDON: Britain 's new car sales crashed in April to hit the lowest level since 1946, mirroring falls across Europe, with many showrooms shut for the coronavirus lockdown , industry data showed Tuesday.New registrations for all cars collapsed by a "precipitous" 97 percent last month on a yearly basis to just 4,321 vehi... | new car registrations collapsed by a "precipitous" 97 percent last month. decline is in line with similar falls across Europe. many showrooms were closed for the coronavirus lockdown. around 1.68 million new cars will be registered in 2020. the lockdown was implemented nationwide on march 23. a strong new car market su... | Negative |
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