Air Canada, Transat deal faces intense EU antitrust scrutiny

BRUSSELS (Reuters) - Air Canada’s (AC.TO) bid for Canadian tour operator Transat AT Inc (TRZ.TO) may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU ...

Air Canada’s takeover deal for Transat faces intense scrutiny from EU antitrust watchdog

European Commission says deal could significantly reduce competition on many routes, echoing concerns of Canada’s Competition Bureau

European regulators to take closer look at Air Canada-Transat deal

In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.

Air Canada’s Bid for Transat Gets Extended EU Merger Probe

Air Canada’s bid for tour operator Transat A.T. Inc. faces an extended probe from European Union regulators who said the deal may hamper competition by combining the two biggest airlines linking Europe and Canada.

European regulators to take closer look at Air Canada-Transat deal

TORONTO — European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.

Transat extends Air Canada takeover timing following European regulatory review

TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices.

Transat extends Air Canada takeover timing following European regulatory review

In a news release on Monday, European authorities expressed concern over a decrease in competition on 33 routes between Canada and Europe.

AC-Transat deal scrutinized

European regulators are launching an in-depth investigation into Air Canada's deal to buy travel company Transat AT amid European Commission concerns the deal may reduce competition and result in higher prices.

Air Canada, Transat deal faces intense EU antitrust scrutiny

Air Canada, Transat deal faces intense EU antitrust scrutiny

Germany Will Take Lufthansa Stake in Landmark $9.8 Billion Bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro ($9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Germany takes Lufthansa stake in landmark $15b bailout

The German government takes a 20 per cent stake in the struggling airline that has been battered by the pandemic.

Germany takes Lufthansa stake in landmark $15b bailout

The German government takes a 20 per cent stake in the struggling airline that has been battered by the pandemic.

Germany stamps authority on Lufthansa with $9.8 bln lifeline

FRANKFURT/BERLIN — Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.

German government takes 20% stake in $10B Lufthansa bailout

May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.

Germany stamps authority on Lufthansa with €9b lifeline

FRANKFURT, May 26 — Germany threw Lufthansa a €9 billion (RM42.7 billion) lifeline yesterday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20 per...

Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout

Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.

Germany set to take Lufthansa stake in landmark $9.8-billion bailout

The aid package involves taking an initial 20 per cent stake that could rise to a blocking minority of 25 per cent plus one share in the event of a hostile takeover, the carrier said on Monday.

Germany will take stake in Lufthansa in landmark $9.8-bn bailout deal

Government’s holding in the company, privatized with fanfare two decades ago, to start at 20% and could rise above 25%

Germany will take Lufthansa stake in landmark US$9.8B bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro (US$9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Lufthansa secures €9b German state rescue deal, say airline, government

FRANKFURT AM MAIN, May 25 — Berlin and coronavirus-stricken airline giant Lufthansa agreed today on a nine-billion-euro (US$9.8 billion) rescue package subject to approval by shareholders and competition authorities, the company and Germany’s economy ministry said. “Before the coronavirus...

Lufthansa, German government agree on US$9.8 billion rescue package: sources

The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an ...

Lufthansa, German govt agree on rescue package amid travel slump: Report

Rivals such as Franco-Dutch group Air France-KLM and U.S. carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid

German gov't to climb aboard at Lufthansa in virus rescue

(UPDATED) To help Lufthansa, the German government offers a 3-billion-euro loan and 5.7 billion of 'silent' capital. It also seeks to buy 20% of the company for 300 million euros.

German govt to climb aboard at Lufthansa in virus rescue

Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier ...

Germany's Lufthansa agrees to government's $9.8b aid

Deal will also place federal government with a major say in airline's future course

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Germany stamps authority on Lufthansa with $9.8 billion lifeline

The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.

Bayer says it makes progress in settlement talks over weedkiller

FRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.

Bayer says it makes progress in settlement talks over weedkiller

Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer

Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer

Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.

Bayer reaches agreement in 125,000 US cancer lawsuits

Pharmaceutical giant reportedly does deal to end inherited costly legal battle

Bayer says it makes progress in settlement talks over weedkiller

Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling

Only a Few Hedge Funds Made Money in March and April. Here’s How

Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.

Meet the Aussie money manager who made millions as markets crashed

Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.

Only a few hedge funds made money in March and April. Here's how.

Successful funds exhibited similar traits: an ability to trade across different geographies or asset classes and a hyper-vigilance towards monitoring positions.

Meet the Aussie money manager who made millions as markets crashed

Father-of-six Nicolas Bryon didn't get much sleep, but it wasn't family duties keeping him up. He was one of a few hedge funds managers around the world who managed to make money in March and April.

Lufthansa says Germany approves stabilization package

FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.

Lufthansa says Germany approves stabilization package

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro (US$9.80 billion) stabilization package for Lufthansa , Germany's ...

Lufthansa says Germany approves stabilization package

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent

Lufthansa says Germany approves stabilization package

Lufthansa says Germany approves stabilization package

Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source

(Reuters) - Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.

Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of ...

Mercedes-AMG CEO Tobias Moers to take over as Aston Martin Chief

Palmer and Germany's Daimler AG (DAIGn.DE), which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment

Aston Martin's chief to leave as a part of shake-up

GAYDON, England: Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias ...

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.

Global Markets: German sentiment survey boosts stocks, Europe focuses on recovery fund

By Yoruk Bahceli and Saikat Chatterjee LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns. MSCI's gauge of world stocks gained 0.4%, nearing a 2-1/2 month high. The pan-European STOXX 600 index was up 1.2%

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON, May 26 — Stocks gained modestly yesterday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns. MSCI’s gauge of world stocks gained 0.4 per cent, nearing a...

German survey fuels stock gains, euro investors eye EU summit

German survey fuels stock gains, euro investors eye EU summit

Chinese e-commerce giant Alibaba’s shares drop; revenue estimates weighing on Jack Ma’s firm

Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.

Alibaba Drops After Projecting Slowing Growth in Uncertain Times

Alibaba Group Holding Ltd. slid after projecting revenue growth will slow this year, reflecting post-Covid 19 economic uncertainty at home as well as the potential for U.S.-Chinese tensions to disrupt its business.

Alibaba Sees Stocks Slide After Projecting Slow Growth

Alibaba Sees Stocks Slide After Projecting Slow Growth

French carmaker Renault could close plants and cut jobs: union

PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.

French carmaker Renault could close plants and cut jobs: union

French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros (US$2.2 billion) in ...

French carmaker Renault could close plants and cut jobs, says union

PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The 787 Dreamliner is one of Boeing’s most popular twin-engine wide-bodies thanks to its fuel efficiency, lower operating costs, and passenger-friendly amenities, which have proven to be endearing qualities for airlines and private owners alike.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs.

The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.

The private jet version of the Boeing 787 can cost more than $200 million and fly over 18 hours. Take a look at some its most luxurious designs., Business Insider - Business Insider Singapore

Business Insider - The BBJ 787 Dreamliner is like the hybrid of private jets costing over $200 million. The jet can fly over 18 hours with a bedroom and shower onboard.. Read more at businessinsider.sg

5 economic statistics that show the financial devastation of the pandemic for average Americans

The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.

5 economic statistics that show the financial devastation of the pandemic for average Americans

The coronavirus pandemic has thrown America into it’s worst economic downturn since the Great Depression nearly a century ago.

5 economic statistics that show the financial devastation of the pandemic for average Americans

The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.

5 economic statistics that show the financial devastation of the pandemic for average Americans, Business Insider - Business Insider Singapore

Business Insider - The coronavirus pandemic has plunged the US into its worst recession in nearly a century with millions of people suffering job losses.. Read more at businessinsider.sg

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak

Representatives of a group including GlaxoSmithKline, Pfizer, and Johnson & Johnson are on the body that rejected the proposal, The Guardian reported.

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak

The world’s biggest pharmaceutical companies blocked a 2017 EU proposal that could allow vaccines against viruses like the novel coronavirus to be developed before an outbreak begins, The Guardian reported.

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak

A 2017 proposal that would speed up vaccine production in the EU was blocked by major pharmaceutical companies, The Guardian reported .

Major pharma companies rejected a 2017 EU proposal that could let vaccines for viruses like the coronavirus be developed before an outbreak, Business Insider - Business Insider Singapore

Business Insider - Representatives of a group including GlaxoSmithKline, Pfizer, and Johnson & Johnson are on the body that rejected the proposal, The Guardian reported.. Read more at businessinsider.sg

The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you.

The American food supply chain relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.

The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you.

The American food supply chain from meat processing plants to fast-food chains relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.

The workers that make your food put their lives on the line during pandemic. Whether they’re protected now is up to you.

“Every day we risk our health and the health of our family that await us at home,” said Nelson Santiago.

The workers that make your food put their lives on the line during pandemic. Whether they're protected now is up to you., Business Insider - Business Insider Singapore

Business Insider - The American food supply chain relies on people working low-paying jobs that put them at risk for harassment, injury, and even death.. Read more at businessinsider.sg

Bharti Airtel promoter to raise $1 billion through equity: Sources

Bharti Airtel promoter firm Bharti Telecom plans to raise USD 1 billion through equity sale to become debt-free, according to a source aware of the development. The promoter firm Bharti Telecom plans

Bharti Airtel promoter to raise USD 1 billion through equity: Sources

Bharti Airtel promoter firm Bharti Telecom plans to raise USD 1 billion through equity sale to become debt free, according to a source aware of the development.

Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt

India Business News: Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block

‘Bharti Telecom to sell 2.75% stake in Airtel to raise $1 billion’

The block deal will be conducted by JP Morgan India at around Rs 558 per share, close to 6 per cent discount to the closing price of Rs 593.20 on May 22 on the NSE.

Bharti Telecom to raise ₹7,600 cr through block sale of Airtel shares

Promoters plan to sell 2.75% stake

Bharti Airtel promoter to raise $1 billion to become debt free

Bharti Telecom has roped in JP Morgan for the raising USD 1 billion by selling 150 million equity shares at a price of Rs 558 per cent per unit

Bharti Telecom to sell $1 bn stake in Airtel through block deal

IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco

Bharti Airtel parent eyes $1 bn from stake sale to pay off loans

Move to help telco clean up debt overhang as promoter debt also impacts ratings

Bharti Airtel promoter to raise USD 1 billion through equity

Bharti Airtel Promoter Said To Plan $1 Billion Fundraising To Become Debt Free

Bharti Telecom plans to sell 2.75% equity stake, equivalent to 150 million shares, at a floor price of Rs 558 apiece.

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds

Bharti Telecom to sell $1 bn stake in Airtel through block deal

Bharti Telecom to sell $1 bn stake in Airtel

 Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.

China's Great Wall expects mild domestic auto sales growth in second half

BEIJING (Reuters) - Great Wall Motor (601633.SS) expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

China's Great Wall expects mild domestic auto sales growth in H2

BEIJING — Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.

Nordic investors turn up heat on coal in climate campaign

OSLO/LONDON (Reuters) - Five years after first ditching some coal companies, Nordic investors are turning their focus to bigger carbon emitters in a range of industries, paving the way for other funds to follow.

Nordic investors turn up heat on coal in climate campaign

Nordic investors turn up heat on coal in climate campaign

French billionaires raise stakes in defence of publisher Lagardere

PARIS (Reuters) - France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.

French billionaires raise stakes in defence of publisher Lagardere

French billionaires raise stakes in defence of publisher Lagardere

Canada's banks to cement status as solid investments in a crisis

(Reuters) - Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them.

Canada's banks to cement status as solid investments in a crisis

Canada's banks to cement status as solid investments in a crisis

UBS announces global financing team

NEW YORK (Reuters) - UBS (UBSG.S) said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion.

UBS announces global financing team

UBS announces global financing team

Siemens to initially keep 45% in Siemens Energy after spin-off: sources

MUNICH (Reuters) - Siemens is planning to keep a 45% stake in its energy business which the German engineering group wants to spin off later this year, two people close to the matter said on Monday.

Siemens to initially keep 45% in Siemens Energy after spin-off: sources

Siemens to initially keep 45% in Siemens Energy after spin-off: sources

Germany's Scholz: Lufthansa rescue package should yield 'small profit' for state

BERLIN (Reuters) - Germany’s rescue package for flagship carrier Lufthansa (LHAG.DE) is a “very, very good solution” that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on Monday.

Germany's Scholz: Government agreed on Lufthansa bailout package worth €9 billion

German Finance Minister Olaf Scholz announced on Monday that the government agreed on a €9 billion bailout package for Lufthansa. "It's a very, very g

Hong Kong shares ease on China-U.S. rift, dollar firms

SYDNEY — Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.

Asian shares reverse early gains

Eyes on China-US trade relations.

Asian stocks subdued after China imposes new law on Hong Kong

Global financial markets already struggling to deal with huge economic uncertainty

Asian shares reverse early gains, eyes on China-US trade relations

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1% after starting higher with China's blue-chip CSI300 index down 0.2%. Hong Kong's HSI index dived 1.4% to a two-month low after sinking 5.5% on Friday.

Asian shares tick up, eyes on China-US trade relations

Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two ...

Hong Kong stocks close slightly higher

HONG KONG, May 25 — Hong Kong stocks finished today with small gains, reversing a morning sell-off, but investors remain on edge after a weekend of protests in the city against a controversial security law proposed by Beijing. The Hang Seng Index added 0.10 per cent, or 22.10 points, to...

Asian shares tick up, eyes on China-US trade relations

Analysts expect trading to be subdued with United States and UK markets shut for public holidays.

Hong Kong shares ease on China-U.S. rift, dollar firms

Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects. Hong Kong's HSI index fell 0.4% after sinking 5.5% on

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay for massive deficits.

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday.

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

OTTAWA - The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committ

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that companies would leave Canada if taxes go up to pay fo

Payments for CERB top $40-billion as feds open doors for commercial rent help

Landlords with up to 10 eligible tenants located in Atlantic Canada, British Columbia, Alberta or Quebec could apply online Monday

Use pandemic to stop brain drain, MPs told, as payments for CERB top $40 billion

OTTAWA — The federal government should use the COVID-19 pandemic to reverse a brain drain of top tech talent south of the border, a House of Commons committee heard Monday, alongside warnings that . . .

Suzuki Motor resumes production at Gujarat plant

Suzuki Motor Gujarat manufactures cars on a contract basis for Maruti Suzuki India

Suzuki Motor resumes production at Gujarat plant

Maruti Suzuki India (MSI) on Monday said Suzuki Motor Gujarat has resumed manufacturing operations after having suspended work for over two months due to coronavirus lockdown. Suzuki Motor Gujarat

Coronavirus impact: Suzuki Motor Gujarat resumes operations

Suzuki Motor Gujarat has resumed manufacturing operations at the Hansalpur plant while adhering to all the safety guidelines and precautionary measures to fight the spread of Coronavirus.

Suzuki Motor resumes production at Gujarat plant after two months

SMG had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of coronavirus

Coronavirus lockdown: Maruti Suzuki resumes manufacturing at Gujarat plant

SMG had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of COVID-19

Suzuki Motor resumes production at Gujarat plant

Suzuki Motor Gujarat (SMG) manufactures cars on a contract basis for Maruti Suzuki India (MSI).

Suzuki Motor Resumes Production At Gujarat Plant

The facility rolls out two models, Baleno and Swift and currently has an installed production capacity of 5 lakh units per annum.

Suzuki Motor Gujarat starts production

Suzuki Motor Gujarat Pvt Ltd (SMG) has said it would re-start production of vehicles from Monday. The company informed Maruti Suzuki India Ltd (MSIL) that production would be strictly in accordance wi

Suzuki Motor resumes production at Gujarat plant

Suzuki Motor Gujarat had suspended production at the Hansalpur (Gujarat) plant on March 23 to check the spread of COVID-19. The facility, which rolls out two models, Baleno and Swift, currently has an installed production capacity of 5 lakh units per annum.

Maruti Suzuki Resumes Production At Gujarat Plant Amid Covid-19 Coronavirus

Maruti Suzuki, the country’s largest vehicle maker, has restarted production at its Gujarat plant as the country is the midst … Maruti Suzuki Resumes Production At Gujarat Plant Amid Covid-19 Coronavirus Read More »

HDFC Q4 profit drops 22 pc to Rs 2,233 crore, declares dividend of Rs 21 per share

HDFC Q4 profit drops 22 pc to Rs 2,233 crore, declares dividend of Rs 21 per share: Housing Development Finance Corporation (HDFC) on Monday reported 22 per cent fall in net profit at Rs 2,233 crore for the January to March quarter.. Get all latest entertainment & viral stories on english.lokmat.com

HDFC posts 22% fall in Q4 net, provisions rise on COVID-19 impact

It has reported an increase in provisioning, including impact for COVID-19, at Rs 1,274 crore (Rs 398 crore for COVID-19). The HDFC board has proposed a final dividend of Rs 21 per share as against a final dividend of Rs 17.50 the previous year.

HDFC March Quarter Profit Falls 22% To Rs 2,233 Crore, Board Announces Rs 21 Dividend

HDFC Ltd Q4 Results: The mortgage lender said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore.

HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid

After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore

HDFC Q4 profit declines 10 per cent to Rs 4,342 crore

The board has proposed a dividend of Rs 21 per share of the face value of Rs 2 per unit, HDFC Ltd said in a regulatory filing.

HDFC profit falls 22% to Rs 2,233 crore in March quarter

HDFC board announced a dividend of Rs 21 per share for FY20.

HDFC profits decline: How much has the impact of COVID-19 been?

Housing firm HDFC Ltd profit declines 10% to Rs 4,342 crore in Q4

The company's net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19

HDFC reports 22% fall in Q4 net profit

Housing Development Finance Corporation (HDFC) standalone net profit fell 22 per cent in the fourth quarter of 2019-20 to ₹2,232.53 crore as against ₹2,861.58 crore a year ago.The housing finance comp

HDFC FY20 results: Profit rises 30% to Rs 22,826 crore, revenue up 10%

For the January-March quarter of FY20, HDFC reported a 10 per cent decline in consolidated net profit at Rs 4,341 crore as against Rs 4,811 crore for the corresponding quarter last year

HDFC Q4 results: Profit drops 22% YoY to Rs 2,233 crore; firm announces dividend of Rs 21 per share

Profit fell as dividend income received during the quarter was mere Rs 2 crore.

HDFC Ltd Q4 profit declines 10 pc to Rs 4,342 cr 

Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31. 

HDFC Q4 profit at Rs 2,233 crore, provisions spike on COVID-19 impact; loan growth at 12%

Revenue from operations during the quarter increased 3.4 percent to Rs 11,976 crore, compared to Rs 11,580 crore in corresponding period last fiscal.

CBIC clears Rs 11,052 crore GST refund claims since April 8

India Business News: The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC s

CBIC clears Rs 11,052 cr GST refund claims since April 8

Refunds have been sanctioned while ensuring work from home, it added. The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.

CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs

he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds

CBIC clears Rs 11,052 crore GST refund claims since April 8

In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".

CBIC clears Rs 11,052 cr GST refund claims since April 8

The CBIC had earlier asked its field officers to avoid asking for physical submission of documents from entities who are claiming GST and Customs refunds and instead use official email for all communication.

GST refund: CBIC clears Rs 11,052 crore claims

CBIC clears Rs 11,052 crore GST refund claims since April 8

The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.

The Future of College Is Online, and It’s Cheaper

The coronavirus forced a shift to virtual classes, but their continuation could be beneficial even after the pandemic ends.

50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller

Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.

50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller

A massive transformation is taking place at elite litigation powerhouse Boies Schiller Flexner.

Pay rifts, a partner divide, and a threat at the Ritz Carlton: 50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller

Business Insider - Pay rifts, a partner divide, and transparency are key issues behind some partners leaving elite law firm Boies Schiller. Now BSF is re-making itself.. Read more at businessinsider.sg

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis

These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis

The coronavirus pandemic has disrupted the management-consulting industry.

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis, Business Insider - Business Insider Singapore

Business Insider - These leaders are strategizing for clients, rethinking recruitment, and leading D&I efforts at global firms.. Read more at businessinsider.sg

New Zealand's largest media company being sold for just $1 to its CEO

Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge

CEO buys ailing New Zealand media giant for one dollar

Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.

CEO buys ailing New Zealand media giant for one dollar

Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.

New Zealand's media firm Stuff to be sold for a single dollar to its CEO

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists

CEO buys struggling New Zealand media company for $1

The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.

CEO buying struggling New Zealand media company for NZ$1

One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.

CEO buys ailing New Zealand media giant Stuff Limited for one dollar

Boucher joined as a reporter in 1993 and has spent most of her career at the company

One of New Zealand's largest media organisations is being sold for just $1

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.

CEO buys struggling New Zealand media company for $1

WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.

Robot barista helps South Korean cafe with social distancing

A new robot barista at the cafe in Daejeon, South Korea is courteous and swift as it seamlessly makes its way toward customers.

South Korean cafe hires robot barista to help with social distancing

DAEJEON, South Korea: The new robot barista at the cafe in Daejeon, South Korea, is courteous and swift as it seamlessly makes its way towards customers.

Social-distancing cafe uses robots to make and serve the coffee

Because robots don't carry coronavirus

South Korean cafe hires robot barista to help with social distancing

After managing to contain an outbreak of the new coronavirus which infected more than 11,000 people and killed 267, South Korea is slowly transitioning from intensive social distancing rules towards what the government calls

Huawei wants stable Samsung, Hynix chip supply, Korea Daily says

While memory chipmakers aren’t subject to the US government restrictions, Huawei worries that the Trump administration could widen its restrictions later.

Huawei seeks stable supply of memory chips as US pressure grows

Huawei has asked Samsung Electronics and SK Hynix for a stable memory chip supply despite apparently mounting pressure from the US to isolate the Chinese telecommunications company.

Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure

Last week, US officials reportedly indicated that they may further tighten the rules that aim to cut the Chinese tech giant Huawei off from global chip sales.

Huawei is trying to ensure stable chip supply from Samsung and SK Hynix

Huawei was put on the Entity List by the U.S. government in May last year and recently, the ban was further extended by another year. A few days ago, the United States tightened export controls in a move that is aimed at limiting Huawei’s access to chip supplies. Now, the Chinese giant is seeking help …

Huawei seeks stable chip supply from Samsung and Hynix

Huawei Technologies Co. has sought high-level assurances from Samsung Electronics Co. and SK Hynix Inc. they will continue to supply memory chips despite mounting pressure from the U.S. to isolate the Chinese telecommunications company, the Korea Economic Daily reported.

Macron Set to Unveil Aid for Embattled French Auto Industry

French President Emmanuel Macron is set to announce measures to support the auto industry before other European governments, highlighting the crucial role the sector plays in the economy and how hard it has been hit by the coronavirus pandemic.

Oil Rallies With Producers Showing Confidence by Hiking Prices

Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.

Rich Chinese Snapping up Luxury Homes From Singapore to Sydney

Rich Chinese home buyers are back.

Japan’s Hottest Stock Is Tiny Maker of $40 Million Machines

The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.

New Bank of Canada Governor Faces Stagflation, Rosenberg Says

Incoming Bank of Canada Governor Tiff Macklem will face a combination of rising prices and stagnant growth as the economy struggles to recover from the coronavirus pandemic.

ECB Facing Testy Stimulus Debate After Call to Scrap Limits

The European Central Bank looks set for another testy debate after one policy maker floated the prospect of removing what many see as an important limit on its powers.

Consumer Confidence Inches Higher in Canada, Except for Housing

Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.

Covid-19 Will Make Colleges Prove Their Worth

Online education should come at an online price.

Hong Kong Exports Tumble in April as Virus Disrupts Commerce

Hong Kong’s exports fell in April for a second straight month as lock downs imposed by the coronavirus pandemic continued to disrupt global trade and restrict travel.

German Businesses Bet on Gradual Rebound From Virus Hit

German businesses are counting on an improvement in the economy in the second half after the coronavirus pandemic depressed private spending and investment and plunged the economy into a recession.Companies surveyed by Ifo showed cautious optimism in May, with a gauge of expectations rising after the previous month’s plunge. A full-fledged recovery though is still a long way off as consumers wary of infections keep away from shops and restaurants, and firms struggling with subdued demand cut jobs.

Big Short in U.S. Stocks Needs Watching, Says One Market Veteran

A large bearish position in U.S. equities that’s been amassed by trend-following funds may prove vital to the next move for stocks, according to a strategist who’s been analyzing markets since the early 1990s.

Major industries, govt agencies owe about Rs 5 lakh cr in outstanding dues to MSMEs: Nitin Gadkari

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days.

Major industries, govt agencies owe about Rs 5 lakh crore in outstanding dues to MSMEs: Nitin Gadkari

India Business News: Union minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore

PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days

Dues to MSMEs at Rs 5 lakh cr: Nitin Gadkari

Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore in outstanding payments to MSMEs.

Major industries, govt agencies owe about Rs 5 lakh crore in outstanding dues to MSMEs: Nitin Gadkari

Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and major industries owe an estimated Rs 5 lakh crore in outstanding payments to MSMEs.

Regeneron to buy back $5 billion stake held by Sanofi

(Reuters) - U.S. drugmaker Regeneron Pharmaceuticals said on Monday it would repurchase about $5 billion of its shares directly from France’s Sanofi, without altering their over-a-decade-long partnership.

U.S.' Regeneron to buy back $5 billion stake held by Sanofi

PARIS (Reuters) - U.S. company Regeneron Pharmaceuticals said it had agreed to repurchase approximately $5 billion of its shares directly from French drugmaker Sanofi.

Factbox: EU recovery fund - the battle lines

BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.

Lufthansa has good prospects for future: German ministries

BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.

Bank of Israel leaves rates unchanged, sees less economic damage in 2020

JERUSALEM (Reuters) - The Bank of Israel left its benchmark interest rate ILINR=ECI at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.

Daimler aims for worldwide carbon-neutral production by 2022: CEO

FRANKFURT (Reuters) - German luxury automaker Daimler on Monday announced tougher carbon emissions targets, saying it aimed to reach carbon dioxide-neutral production of passenger cars worldwide by 2022.

With little state aid, zombie shops in Portugal fear short-lived reopening

LISBON (Reuters) - Leaning over the golden-plated counter of the “Fantastic World of Sardines” in Portugal’s capital, cashier Andre Moureira waited for just a single customer to break the boredom of the morning.

Investing in Spanish Nissan factory cheaper than closing it: Spanish official

(Reuters) - Nissan Motor (7201.T) would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).

Finland to spend 100 million euros on coronavirus protection

(Reuters) - Finland said on Monday it plans to place between June and August orders for protective equipment and respirators worth 100 million euros ($109 million) to fight the coronavirus and prepare for a possible upsurge in demand for the equipment.

This is why we're proposing a wealth tax in Spain to help us out of this crisis

My country’s recovery from coronavirus should be funded by those who can afford it, says Spanish MP Pablo Echenique

Receivers appointed to Mayfair 101 companies, with more than $85m investor funds at risk

Move on owner of Dunk Island comes after company failed to make $3m in loan repayments to IPO Wealth Fund

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately. The company says instead of replacing Marino it has created an executive committee to run the firm that includes chairman and former chief executive Lorenzo Donadeo, who has been named executive chairman. …

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion CEO departs

Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role

Vermilion says it has created an executive committee to run the company instead of replacing Marino

Monday’s small-cap stocks to watch

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today

S&P/TSX composite starts week higher, U.S. stock markets closed for holiday

TORONTO — Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors. The S&P/TSX composite index was up 94.85 points at 15,008.49. U.S.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

TORONTO — Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange. The S&P/TSX composite index was up 151.79 points at 15,065.43. U.S.

TSX starts week higher

Canada's main stock index started the trading week by moving higher, fuelled by gains in the financial and industrial sectors.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

Among long term measures, SEA has suggested the government to encourage Punjab and Haryana farmers to divert land to corn or sunflower in kharif season and mustard in rabi season.

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production. These are some of the short-term measures the trade body has submitted to the government for making India self-sufficient in edible oils.

Time to hike edible oil import duties: SEA

As India’s 2010 pact with Malaysia and Indonesia came to an end, the Solvent Extractors Association of India (SEA) on Monday said the government should hike Customs duty on soya, sunflower and crude p

As edible oils pact with Malaysia, Indonesia ends, India should now hike import duties: SEA

The Solvent Extractors Association of India (SEA) also urged the government to ban the import of refined palm oils or palmolien in order to encourage domestic production.

40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report

Around 40 per cent companies operating in the travel and tourism sector are staring at the risk of complete shutdown over the next 3 to 6 months, says a

40% travel, tourism firms staring at complete shutdown risk in next 3-6 months: Report

The report said that 81% travel and tourism companies have lost their revenue up to 100% while 15% of the companies have witnessed it slide up to 75%

Coronavirus devastates travel, tourism! 40% firms staring at complete shutdown risk in next 3-6 months, says report

About 49 per cent are deferring their capital expenditures and interestingly, 41.6 per cent companies are introducing new services.

Lockdown impact: Tourism companies staring at complete shutdown, seek government aid

The survey report further revealed that 38.6 per cent travel companies are going for job cuts and another 37.6 per cent of the companies are considering the option with uncertainty looming large.

40% tourism firms staring at complete shutdown risk in next 6 mnths: Report

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent

Coronavirus effect: 40% travel, tourism companies may shut down in 3-6 months, says report

"The travel and tourism sector is going through a very bad phase. It has taken a severe beating due to the COVID-19 outbreak with lakhs of people dependent on it suffering immense losses and job cuts," the report said

40% travel, tourism firm staring at complete shutdown risk in next 3-6 months: Report

The report said that 81 percent travel and tourism companies have lost their revenue up to 100 percent while 15 percent of the companies have witnessed it slide up to 75 percent.

Air Canada CEO’s compensation cut by more than half to $5.8 million due to COVID-19

Calin Rovinescu was on track to receive around $12.9 million in total compensation last year

Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19

MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to the COVID-19 pandemic.

Air Canada CEO's compensation cut by over half - to $5.8 million - due to pandemic

Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19

MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Air Canada CEO's pay halved

Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.

Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut

The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances

IDFC First Bank top brass takes pay cut

IDFC First Bank on Monday said that its senior management had volunteered to take a 10% cut in compensation in the current financial year 2020-21. V. Vaidyanathan, MD & CEO, had offered to tak

IDFC FIRST Bank’s senior management takes 10% pay cut

IANS New Delhi IDFC FIRST Bank’s senior management has volunteered to take a 10 per cent pay cut for the financial year 2020-21 amid the coronavirus cri

IDFC First Bank senior management takes 10% pay cut

Private sector IDFC First Bank on Monday said its senior management has voluntarily taken pay cut of 10 per cent due to coronavirus pandemic, while the CEO offered to surrender as much as 30 per cent of his salary.

COVID-19 impact: IDFC FIRST Bank's senior management takes pay cut

IDFC First Bank’s senior management takes 10 per cent pay cut in FY21

With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The

Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%

The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.

Breaking Through The Glass Ceiling - A Spring For Women In Artificial Intelligence

Many women have historically seen both AI and drug discovery as predominantly male professions.

How To Sustain And Strengthen Company Culture Through The Coronavirus Pandemic

Shape, cement and leverage company culture through difficult times.

The Startup Trying To Take A Bite Out Of Fake News, Civics Illiteracy

These two founders have launched a company to help young readers develop good news habits, and help news companies reach them.

History Repeats As Brazil Delivers Another Iron Ore Boom

Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton.

Report From Italy – How Consumers Act As Retail Reopens

I was recently introduced to Ms. Francesca Venturi who gave me an insight on Italy's reopening of stores. Her observations are valuable on how the United States shoppers may act.

Wempe Unveils The ‘Iron Walker’ Stainless Steel Sports Watch Collection

It’s Wempe's first watch collection with integrated stainless steel bracelets. It is inspired by early 20th century ironworkers who built the metal structures for some of the world’s most iconic skyscrapers.

Consumer Spending And Demand Has Changed Due To The Pandemic

The Commerce Department says GDP shrank by 4.8% in the first quarter of 2020 – the worst decline since 2009. However, business owners can take advantage of massive shifts in demand and behavior to serve new customers.

China’s E-Commerce Players Post Strong Quarterly Results Despite Covid-19

China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for the first quarter this year, and it’s worth taking a minute to review the numbers.

Amazon Launches Food Delivery Service With “Amazon Food” In India

Amazon is starting to offer online food delivery, which is called Amazon Food, in Bengaluru.

Finances And Coronavirus: Threats And Opportunities In Lockdown Era

The financial impact of coronavirus will be felt far and wide - but while it is painful for some, it is delivering surprising benefits for others, at least in the short term

Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020

Market has recovered from record lows but a clear cut pathway for a sustained rally isn’t here yet.

Strategies To Hire The Right Person—Virtually

Virtual hiring is here to stay. Here’s how to make it work for you.

Electric Cars For Beginners: 5 Silly Reasons To Buy A Tesla Model 3, Chevy Bolt Or Any Electric Vehicle

Consider this: an electric car is practically maintenance free.

Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’

Reddit co-founder and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring"...

Staying Connected - With Bars And Restaurants Locked Down, Can Innovation Sustain Drinks And Food Sector Entrepreneurs?

U.K. Bars and restaurants remain in lockdown, a situation that also affects food and drinks suppliers. Rum entrepreneur, George Frost says innovation, flexibility and a willingness to help out partners are vital at this time.

Here’s How Much Money Private Investigators Make In Every State

Find out where private investigators earn the most money in the United States, and where they earn the least.

Newmont Stock Has Doubled. Is It Still A Buy?

Despite the bear market brought on by the coronavirus, close to 4% of all U. S. stocks with a current market value of $500 million or more have doubled in the past year, including the largest U.S.-based gold mining stock. Too late to buy?

Why You’ll Never Get Another Stimulus Check

You used to need a regular bank account to cash a government stimulus check, receive social security, or pay taxes. But now, for the first time ever, their stranglehold on money is slipping away.

Why Orange Juice Sales Are On The Rise

For consumers who prefer to skip juicing an orange and fighting with the pulp in their kitchens, bottled orange juice is an easy and safe alternative. However, during the coronavirus outbreak, sales of orange juice are not increasing because of shoppers' desire for convenience.

Singaporean Mobile Marketplace Carousell Launches Hong Kong Property Platform

The feature, called Carousell Property, provides listings of local and overseas residential and industrial properties for sale and rent through its Carousell mobile application.

Jamaica Leads The Way In Profiling Post-Pandemic Travel And Travelers

Jamaica, and all of its famous resorts, leads the way in establishing COVID-19 protocols for 2020 travel.

Retail Today: How The Great Toilet Paper Scare–And More Ordinary Factors–Are Affecting Luxury Product Showrooms And Sales

How independent luxury products retailers are doing, and what's next on the horizon: A visit with the executive director of Luxury Products Group, a buying group and multi-faceted business-improvement resource for independent bath, kitchen and lighting showrooms, Jeff MacDowell.

2 New Mexico Restaurateurs Are Adding Fuel To The Fire Under GrubHub

As restaurants struggle to stay afloat during the coronavirus pandemic, the delivery app is being widely criticized for charging them outrageous fees.

Cree Stock Headed Below $35?

Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020...

Is It The Right Time To Buy Raytheon Technologies After A 55% Fall In 2020?

Raytheon Technologies, best known for its missiles and other aerospace and defense products, has seen its stock fall more than 50% year-to-date, as the coronavirus pandemic is expected to have a significant impact on its aerospace business. Raytheon’s stock also remains down by about 45% from...

Who Wins In Recessions? The Rich And The Lucky

While virtually everyone else has been struggling through the COVID-19 recession, billionaires added more than $400 billion to their wealth.

Honeywell Sales Down 7% But Stock Up 60%; Why?

Honeywell’s stock gained over 60% in 3 years, with the stock price rising from $108 at the end of 2016 to about $176 at the end of 2019. Though the stock price dropped in 2020 to $136 as of 18th May 2020 due to the COVID-19 pandemic, the stock has still registered a cumulative return of 25%...

Southern Company: Still A Stock To Own?

In March 2008, Southern Company announced construction of new nuclear reactors. A dozen years later, Southern’s pair of 1.1 gigawatt capacity reactors are still under construction. And the company’s projected startup date has slid from 2016 to 2022.

Pandemic Receding, Investors Review The Fallout

But if we are dealing with this come July, markets are going to reassess big time.

Doomsday Predictions For U.S. Oil Just Aren’t Realistic

Oil is a risky business but that doesn’t mean investors won’t see opportunities in the future.

Stimulus Checks Waiting For People With Little Income And No Income

People who have no income at all are eligible to get stimulus checks. People with low income are eligible to get stimulus checks. Homeless people are eligible to get stimulus checks. And, yes, people who aren’t legally required to file federal taxes can get a $1,200 stimulus check.

Stock Market Boost: Unemployment Outlook Shifts To Positive

The unemployment trend, no longer rising, now looks ready to decline

Growth Of Million-Dollar, One-Person Businesses Accelerates

US Census statistics show that a growing number of solopreneurs and business partnerships broke seven figures in 2018.

China Will Use Its Digital Currency To Compete With The USD

Digitization of currency is inevitable — it is whether or not it is cryptocurrency that prevails that will determine whether that will be at the hands of nation-states battling with one another, or a set of independent peers cooperating with one another.

Want to become a billionaire? Here are the industries that produce the most ultrawealthy people

While a select few have become billionaires working in the food and beverage sector, a lot more people become rich in real estate.

Want to become a billionaire? Here are the industries that produce the most ultrawealthy people

People have been able to turn lots of different ideas into billion-dollar businesses, but it’s easier in some fields than others.

Coronavirus: Government draws up plan to rescue key firms

The government could aid strategically important firms affected by the coronavirus pandemic.

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid...

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Global shares rise on hopes for economies’ gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Global shares rise on hopes for economies' gradual reopening

Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.

Which shops will reopen on June 1 and June 15 - and what will stay closed?

A guide to what shops will reopen and when - and which will remain closed - after Prime Minister Boris Johnson today announced a big step in the easing of coronavirus restrictions

Ikea introduces new shopping rules as 19 stores reopen to the public

The furnishings retailer will reopen 19 stores across England and Northern Ireland on Monday, June 1, with click & collect services alsoopeningin a phased approach