L&T gains 2% on successful divestment of its electrical and automation biz to Schneider Electric

The divestment was announced in May 2018 and is in line with L&T's stated goal of unlocking value for future growth.

from India Infoline News Service https://ift.tt/34QjfFb

Market pulse at 10:15 AM today

Here is the stock market performance at 10:15 AM today.

from India Infoline News Service https://ift.tt/3hN6uyT

Escorts stock soars 4% after tractor sales up 80.1% yoy in August

Domestic tractor sales in August 2020 was at 6,750 tractors, registering a growth of 79.4% against 3,763 tractors in August 2019.

from India Infoline News Service https://ift.tt/2QDLXAW

Astec LifeSciences sells whole stake in subsidiary Astec Europe Sprl

The expected date of completion of the sale is September 30, 2020, and the consideration received from such sale is Euro 1 only.

from India Infoline News Service https://ift.tt/2YTLHSR

BEML bags Rs842cr order from Ministry of Defence; stock climbs 3%

The equipment will be manufactured by BEML at its Palakkad Plant in Kerala and would supply the vehicle platform to MoD in a span of 3 years, the company said.

from India Infoline News Service https://ift.tt/3jAfgB4

'There's chance of US-India mini trade deal'

There is a chance of a "mini trade deal" between the US and India even before the November 3 presidential election in the United States, a top American diplomat has said. India and the US are negotiating a deal to iron out differences on trade issues to boost economic ties.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3bgHo93

View: India paid the price of lockdown without the reward it expected

Plenty of places have been pummeled by the pandemic, but few have notched a descent as steep as India has. And unlike Malaysia, Singapore or China, the shutdown in India didn’t even help curtail the spread of the virus. The consequence of it all is that India incurred a dreadful cost for little reward.

from Economy-News-Economic Times https://ift.tt/3gMnzb0
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Malls, pubs hope to benefit from new unlock guidelines

Restaurants, malls, pubs and retailers are in a slightly better position due to the latest order by the central government which discourages local lockdown without prior consultation, but say it will take about two months for consumer confidence to return.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YO3evK

GDP contracts 23.9% in Q1; Consumption demand, investment to remain tepid ahead

GDP at constant (2011-12) prices in Q1FY21 was estimated at Rs26.90 lakh cr against Rs35.35 lakh cr a year ago same period.

from India Infoline News Service https://ift.tt/3gN69uW

Commodity Mantra Morning Update: All commodities trade higher

Here is the global trend and our view on Commodities.

from India Infoline News Service https://ift.tt/2QJeAwx

SGX Nifty indicates a flat opening for Indian markets

Asian markets opened in the red as most indices aped the US stocks & after a heady rise in August succumbed to profit booking.

from India Infoline News Service https://ift.tt/2Gh0LUg

RIL’s deal for Future retail biz blocks Amazon

By proposing to acquire the retail assets of Future Group (and not Future companies), the Mukesh Ambani-led Reliance Industries (RIL) has ensured that rival Amazon does not become its shareholder.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3gNhtHe

GDP collapses 23.9% in Q1, worst among big economies

India’s economy posted its steepest contraction on record in the April-June quarter of the current fiscal year as the strict lockdowns imposed to ward off the spread of the deadly coronavirus infection stalled economic activity, shut out consumption and investment and led to job and income losses. In April-June, it suffered a contraction for the first time since India began maintaining quarterly records.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YMWEpi

Xiaomi is ‘as Indian as one can get’, says MD Manu Jain

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3jwKXLj

Money Market Operations as on August 31, 2020

from PRESS RELEASES FROM RBI https://ift.tt/3hPA07o
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Morning Digest: PM Modi remembers Pranab Mukherjee as a father figure and mentor; GDP contracts by record 23.9% in Q1, and more

A select list of stories to read before you start your day

from The Hindu - Economy https://ift.tt/3lEaPXo
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BSE Equity Derivatives records new high turnover of Rs144,679cr

The Sensex 50 options contracts offer superior flexibility and a cost-efficient hedge for participants than any comparable product in Indian markets.

from India Infoline News Service https://ift.tt/2YRgfVu

Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

from India Infoline News Service https://ift.tt/31MXyUS

SGX Nifty indicates a negative opening for Indian markets

Asian markets opened in the red as most indices aped the US stocks & after a heady rise in August succumbed to profit booking.

from India Infoline News Service https://ift.tt/3bgkAWZ

BSE becomes first exchange to complete delivery of Gold mini in 'Options in Goods' contracts for 3 consecutive months

BSE has completed three full delivery cycles of Gold mini in 'options in goods' contracts expiring on all three months since launch.

from India Infoline News Service https://ift.tt/3bfNqqG

At Rs 47,000 crore, FPIs buy record stocks in August

Bucking the trend of selling in most emerging market equities, foreign fund managers have been buying in India in August. The chief reason is the sensex that was rising through the month, prompting mainly exchange-traded funds (ETFs) to buy in the domestic market.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3gGeW1C

India's recovery to take time after economy shrinks 24% in June quarter

Consumer spending, private investments and exports all collapsed during the world's strictest lockdown imposed in late March to combat the COVID-19 pandemic and India - the world's fastest-growing large economy until a few years ago - now looks to be headed for its first full-year contraction since 1980.

from Economy-News-Economic Times https://ift.tt/2QKC8B6
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Top stocks in focus: ONGC, Biocon, L&T, Grasim, M&M

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service https://ift.tt/3lLrFE6

Asean agrees to review trade pact with India

After months of inaction and the government’s threat to pull out of the Comprehensive Economic Cooperation Agreement (CECA) with Asean, members of the trading block have agreed to review the trade pact amid concerns that China is using the treaty to ship goods to India, which is unable to take full advantage of the 10-year-old arrangement.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3lz1jFe

Banking

"Our marketing initiatives helped us grow individual first-year premium by 2.8% end July compared to -11.5% for private insurers. We hope to grow to pre-Covid level by Q3 end and close the fiscal with strong growth," said M R Kumar, Chairman, LIC.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QRw2zj

Market pulse at 10:20 AM today

Here is the stock market performance at 10:20 AM today.

from India Infoline News Service https://ift.tt/32JoHqM

Mega Deal aftermath! RIL soars 3%, Future Retail jumps 20% and other Future Group stocks freeze at upper circuit

RIL will acquire Future Group's above-mentioned businesses on a slump sale basis for lumpsum aggregating of Rs24,713cr.

from India Infoline News Service https://ift.tt/3lwvKvJ

Rico Auto Industries Q1FY21 financials under pressure; stock slips 3%

The companys operations were affected in last week of March and most of April due to lockdown. It hopes for recovered from Q2.

from India Infoline News Service https://ift.tt/3b9yavv

Nifty above 11,750-mark; Sensex reclaims 40K; Reliance, IndusInd Bank stocks gain

Todays rally was led by index heavyweight Reliance Industries and financial stocks like HDFC Bank, ICICI Bank, and IndusInd Bank.

from India Infoline News Service https://ift.tt/2EGRvbp

HMT financials remain intact but operations severely affected due to Covid-19; stock up ~3%

The companys manufacturing units had to stop operations completely from March 23, 2020, to May 3, 2020.

from India Infoline News Service https://ift.tt/32Errpw

Cyient to acquire Australian specialist consulting firm IG Partners

The acquisition will enable customers to take advantage of the growing convergence of operational and information technologies by leveraging the synergies between Cyients proven ability in operational efficiency

from India Infoline News Service https://ift.tt/3ltNBn7

FPI net inflow at Rs47,334cr, highest so far this year; Equities lead the rally

The net inflow in August was majorly boosted by equities which saw net buying to the tune of Rs46,602cr.

from India Infoline News Service https://ift.tt/31HS4e3

Hope to grow to pre-Covid level by December: M R Kumar, Chairman, LIC

"Our marketing initiatives helped us grow individual first-year premium by 2.8% end July compared to -11.5% for private insurers. We hope to grow to pre-Covid level by Q3 end and close the fiscal with strong growth," said M R Kumar, Chairman, LIC.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QRw2zj
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Review of Covid-19 stress loans: FM to meet the top management of banks and NBFCs this week

The meeting is scheduled for September 03, 2020. Following which, banking and financial stocks will remain in focus this week.

from India Infoline News Service https://ift.tt/3hHirX2

Sundaram Finance revises interest rates on deposits with effect from September 1

The interest rate for Senior Citizens has been revised to 6.25% (7%) per annum for 12 months, 6.50 % (7.25%) per annum for 24-months and 6.75% (7.25%) for 36 months.

from India Infoline News Service https://ift.tt/2YM01wU

Commodity Mantra Morning Update: Gold, Oil steady; Base Metals trading higher

Here is the global trend and our view on Commodities.

from India Infoline News Service https://ift.tt/2EJe7b3

RITES FY20 PAT up by 29.3%; Final dividend of Rs6 per share

This is in addition to the earlier two interim dividends which take the dividend payout of the Company to 67% on the standalone PAT of FY 19-20.

from India Infoline News Service https://ift.tt/3bftaW3

Huawei ends 9-year-old sponsorship deal with Australian rugby team

The Chinese telecom giant blames “continued negative business environment.”

from The Hindu - Industry https://ift.tt/2QEYkwA

Money Market Operations as on August 28, 2020

from PRESS RELEASES FROM RBI https://ift.tt/3hJyjbs
via

GDP numbers out today: India’s economy faces worst quarterly slump ever after lockdown

Economists in a Reuters poll predicted that gross domestic product in world's fifth-largest economy will contract by 18.3% in the June quarter, compared to 3.1% growth in the previous quarter, the worst performance in at least eight years.

from Economy-News-Economic Times https://ift.tt/32Eui1F
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Brickwork Ratings expects Central govts fiscal deficit to touch ~7% of GDP in 2020-21, against budget estimates of 3.5%

Brickwork Ratings expects the economy to gradually pick up from the third quarter of this fiscal. Given early signs of resumption in business activity, we expect revenue collections to reach pre-Covid levels towards the end of the third quarter, hoping that festive season demand induces consumption and spending.

from India Infoline News Service https://ift.tt/3gIAwCH

Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

from India Infoline News Service https://ift.tt/32U3UBd

SGX Nifty indicates a positive opening for Indian markets

For today, expect more traction on mid caps which along with banks are seeing the high 'beta' trade as retail investors scramble to buy value.

from India Infoline News Service https://ift.tt/31HFPOs

Top stocks in focus: RIL, Future Group, Indiabulls Ventures, ITC, RBL Bank

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service https://ift.tt/32CnJwF

Vedanta Lanjigarh poised to make a mark in the history of aluminium production: Navin Agarwal

Agarwal acknowledged that the organization has achieved many milestones in terms of production, productivity and sustainability, following the principles of trust, care, integrity, respect, excellence and innovation

from India Infoline News Service https://ift.tt/31Fjwci

Warren Buffett looks to Japan, takes 5% stakes in five trading companies

Berkshire said it acquired its stakes in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co and Sumitomo Corp over approximately 12 months

from The Hindu - Industry https://ift.tt/2G9rkdT

Banking

Private banks such as ICICI Bank, Axis Bank, Kotak Mahindra Bank and HDFC Bank have recently started charging customers on UPI transactions beyond a prescribed limit for free transactions.

from Banking/Finance-Industry-Economic Times https://ift.tt/3hKTA4v

Banking

The Reserve Bank in its latest annual report revealed that bank frauds, both in terms of numbers and volume, have gone up substantially during 2019-20.

from Banking/Finance-Industry-Economic Times https://ift.tt/3befYkf

CBDT asks banks to refund any fees levied on UPI transactions in 2020

Private banks such as ICICI Bank, Axis Bank, Kotak Mahindra Bank and HDFC Bank have recently started charging customers on UPI transactions beyond a prescribed limit for free transactions.

from Banking/Finance-Industry-Economic Times https://ift.tt/3hKTA4v
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Greater due diligence, fund utilisation audits can check bank frauds, say experts

The Reserve Bank in its latest annual report revealed that bank frauds, both in terms of numbers and volume, have gone up substantially during 2019-20.

from Banking/Finance-Industry-Economic Times https://ift.tt/3befYkf
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Banking

The private sector lender has initiated the process to categorise Goyal and his wife Anitia as `wilful defaulters’. A ‘wilful defaulter’ tag by banks may stain the reputation of persons and restrict their ability to borrow and hold board positions in companies.

from Banking/Finance-Industry-Economic Times https://ift.tt/32AZOxG

Gems & Jewellery Export Promotion Council suggests changes to gold deposit scheme to make it more attractive

The Revamped Gold Deposit Scheme, which was formulated to mobilise and productively use idle gold held by households and institutions (estimated to be over 24,000 tonnes), has not yielded the desired results, garnering deposits of only around 20 tonnes of gold, the council said.

from Economy-News-Economic Times https://ift.tt/2YHX0h1
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GST council needs to work out mid-way solution for settling revenue shortfall issue: Sushil Modi

Non-BJP ruled states like Punjab, Kerala, Delhi and West Bengal are at loggerheads with the Centre over the financing of the Rs 2.35 lakh crore Goods and Services Tax (GST) shortfall in the current fiscal.

from Economy-News-Economic Times https://ift.tt/2YNeSap
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YES Bank tightens noose around Jet Airways founder Naresh Goyal

The private sector lender has initiated the process to categorise Goyal and his wife Anitia as `wilful defaulters’. A ‘wilful defaulter’ tag by banks may stain the reputation of persons and restrict their ability to borrow and hold board positions in companies.

from Banking/Finance-Industry-Economic Times https://ift.tt/32AZOxG
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Finance ministry advises banks not to levy charges on electronic transactions

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QyLUqa

FM Sitharaman to meet bankers on loan recast on Thursday

The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans.

from The Hindu - Economy https://ift.tt/31E0z9U
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Fiscal deficit to touch 7% in FY21, says Brickwork Ratings, as revenue collection hit by lockdown

Revenue from income taxes (personal income tax and corporate income taxes) was lower by 30.5 per cent, and the GST by almost 34 per cent during the period.

from Economy-News-Economic Times https://ift.tt/3gLQWdj
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FM Nirmala Sitharaman to meet bankers on loan recast on Thursday

Ahead of the roll out of one-time debt recast for resolution of Covid-19 related stress in bank loans, Finance Minister Nirmala Sitharaman will hold a review meeting with bankers and heads of non-banking financial companies (NBFCs) on September 3 for smooth and speedy implementation of the scheme.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YNUS7p

Paytm Mall suffers massive breach, ransom demanded: Report

A cybercrime group demanded ransom after gaining unrestricted access to the entire databases of e-commerce platform Paytm Mall, online intelligence firm Cyble said on Sunday. An insider is suspected to have helped the hacking group gain access to the database. It appears the breach affects all accounts and related information at Paytm mall, said he report.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3gO5aL6

India can become world's toy hub PM Modi

PM Modi called upon start-up entrepreneurs to 'team up for toys' and said it is time to get vocal for local toys. In his monthly 'Mann Ki Baat' broadcast, the Prime Minister also said people have shown an unprecedented restraint and simplicity in their festivals during the Covid-19 pandemic.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3jwlTE7

Start discussions to determine FTA review scope: India and Asean trade min

Trade ministers of India and 10-member Asean countries have instructed their officials to start discussions for determining the scope of review of FTA . Commerce and industry minister Piyush Goyal stated that the review of FTA in goods has been "inordinately delayed", and requested to start the full review before the end of this year.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31FRpJR

India, ASEAN trade ministers call for starting discussions to determine FTA review scope

The issue was discussed during the 17th ASEAN-India Economic Ministers Consultations meet held virtually on August 29, an official statement said on Sunday.

from Economy-News-Economic Times https://ift.tt/3ltx9D7
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FM Sitharaman to review loan restructuring implementation

The meeting will focus on ways to enable businesses and households to avail the one-time loan restructuring scheme.

from Economy-News-Economic Times https://ift.tt/2Daxo4I
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Watch | World’s highest rail bridge being built in J&K

A video on the 1.3 km-long railway bridge that is being built across the Chenab river

from The Hindu - Economy https://ift.tt/3bh8JIw
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India can become world's toy hub, time to be vocal about local toys: PM Modi

In his monthly 'Mann Ki Baat' broadcast, the prime minister also said people have shown an unprecedented restraint and simplicity in their festivals during the COVID-19 pandemic.

from Economy-News-Economic Times https://ift.tt/2Qzgksg
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Non-BJP states unhappy with GST relief plan, may forge joint strategy

The Centre on Saturday circulated two options for states to borrow and meet the GST shortfall, which will be repaid via an extension of the compensation cess beyond the June 2022 deadline.

from Economy-News-Economic Times https://ift.tt/3gGGgwL
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CARE upgrades Jindal Stainless credit facilities rating to "CARE BBB" with stable outlook

This is a testimony to the increased financial flexibility of JSL after its CDR exit and its consistent efforts for debt reduction.

from India Infoline News Service https://ift.tt/2QD0HQw

Future Group reorganises its businesses; to sell retail, wholesale, logistics and warehouse businesses to Reliance Retail

This deal will also enable FEL to focus on the creation of new-age brands in the FMCG and fashion space and expand its reach.

from India Infoline News Service https://ift.tt/2G2AqJk

Deal-done! Reliance Retail to acquire Future Group's businesses for Rs24,713cr

The acquisition of the retail, wholesale and supply chain business of the Future Group complements and makes a strong strategic fit into Reliances retail business, RIL said in the filing.

from India Infoline News Service https://ift.tt/34N2yL8

Affordable rental housing complexes included in list of infrastructure sub sectors

"Affordable Rental Housing Complex" is included in the Harmonized Master List of Infrastructure Sub-sectors by insertion of a new item in the category of "Social and Commercial Infrastructure", the notification read.

from Economy-News-Economic Times https://ift.tt/34IgRjP
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Financial experts express mixed feelings on RBI's restructuring package

​Tourism Finance Corporation of India MD and CEO Anirban Chakraborty said hotels and the hospitality sector are under the MSME segment in the loan restructuring framework of RBI.

from Economy-News-Economic Times https://ift.tt/2DdwRiC
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With labour coming back, builders are doing launches again

A relative improvement in the labour situation has made some property developers go ahead with their planned launches, albeit cautiously. Labour presence across construction sites fell to about 20% during the peak lockdown period in major cities as thousands moved back to their home towns and villages, mostly in the eastern part of the country.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YKSPRq

‘Lucifer’ season five review: A devilish serving of angels, demons and drama

Tom Ellis returns as the perpetually charming Lucifer Morningstar as fresh chaos unravels in the living world

from The Hindu - Reviews https://ift.tt/2QDQ4wI
August 29, 2020 at 02:19PM

Wockhardt loss widens to ~Rs226cr in Q1FY21

The company recorded consolidated net revenue of ~Rs598crin Q1FY21.

from India Infoline News Service https://ift.tt/2YKMmWE

L&T hires about a dozen Cognizant executives

Larsen & Toubro (L&T) has hired nearly a dozen senior executives from Cognizant after the latter had a leadership shakeup to reinvigorate the organisation. The major hires follow last year's acquisition of Mindtree, indicating that the $21 billion engineering conglomerate has big plans to scale its IT business.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31DahsR

August receives 25 per cent more rainfall; highest in 44 years: IMD

The official rainfall season in the country is from June 1 to September 30. June received 17-per cent more rainfall while July recorded 10-per cent less rainfall than normal.

from Economy-News-Economic Times https://ift.tt/3gLEzhK
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Government set to overhaul PSU appointments

The Public Enterprises Selection Board (PESB) has proposed to hold interviews for all jobs of chairman and managing directors of a group of PSUs or directors for human resources and finance at the start of the year, instead of looking for candidates for individual companies.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/32ydppf

Biggest gilt devolvement shows RBI’s intent on rate

The RBI on Friday stepped in to stem the spike in benchmark yields on 10-year government bonds as rising yields recently have been threatening the central bank’s efforts to lower interest rate for buyers of home, car and consumer goods, etc, and also for India Inc.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3b5KnBa

E-shoppers double amid Covid to 42% of internet users

The consumer base of e-commerce shoppers has doubled to 42% of urban active internet users in India over the last three months (amid the Covid-19 pandemic), according to a study by consulting firm Kantar. Nearly 50% of these are new users of e-commerce coming from tier-1 and -2 cities.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3gF8UhM

World Bank halts report over data concerns

The World Bank has said that it is pausing the publication of the Doing Business report that ranks countries on the basis of their business competitiveness, pending an investigation into a “number of irregularities” in its 2018 and 2020 surveys. Stating that impartiality of its data and analysis is paramount, World Bank announced a raft of measures and review of its processes.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/34DgS8O

Paytm seeks in-principle nod on small bank licence

Paytm Payments Bank has written to the Reserve Bank of India (RBI), seeking an in-principle approval for becoming a small finance bank (SFB) that will enable it to extend loans. The bank has said that the approval will help the lender prepare the groundwork so that it would not have to spend time when it completes the five-year waiting period in a couple of years.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3lwT8cj

Indiabulls Ventures raises Rs 588 crore from US

Ribbit Capital, the San Francisco-based technology investor that funded Robinhood, whose lockdown-induced online stock trading clients are now famously nicknamed ‘Robinhood traders’, is leading a Rs 588-crore stake buy in Indiabulls Ventures.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2EF2zWu

Dinesh Kumar Khara is top pick for SBI chairman

On the day he turned 59, the Bank Board Bureau, the selection panel for top jobs at state-run lenders, recommended Khara as its first choice candidate to succeed Rajnish Kumar as the bank’s chairman. Kumar is due to retire in October and was tipped to be getting an extension, although the possibility is not completely ruled out.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2EzofmU

BooHoo! How millennials fall into the wage gap trap

Brands sell clothing at price points that are set by the market i.e. by the consumers. These consumers have no idea where and how their clothing is made- in the UK or in some far way country or by worker abuse.

from SME Sector-Small Biz-Economic Times https://ift.tt/3lnTMsN
via

Suzlon Energy Q1FY21; records a consolidated loss of ~Rs399cr in Q1FY21

Net revenue of the company stood at ~Rs523cr in Q1FY21.

from India Infoline News Service https://ift.tt/31C3L5F

BooHoo! How millennials fall into the wage gap trap

Brands sell clothing at price points that are set by the market i.e. by the consumers. These consumers have no idea where and how their clothing is made- in the UK or in some far way country or by worker abuse.

from SME Sector-Small Biz-Economic Times https://ift.tt/3lnTMsN
via

Chidambaram takes a dig at FM over ‘act of God’ remark

The two options given by the Centre to the States to bridge the GST compensation gap are unacceptable, say the Congress leader

from The Hindu - Economy https://ift.tt/31DIzfV
via

APICD Board constituted for implementing Vizag-Chennai industrial corridor project

The order comes into effect from August 28

from The Hindu - Industry https://ift.tt/2EGnwQG

World’s richest people smashed wealth records this week

The net worth of Amazon.com Inc founder Jeff Bezos topped the once-unfathomable amount of $200 billion. Entrepreneur, inventor, provocateur Elon Musk added the title of being a centibillionaire when his fortune soared past $100 billion fueled by Tesla Inc’s ceaseless rally. And by Friday, the world’s 500 wealthiest people were $209 billion richer than a week ago.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2EEKsQx

View: Rebuilding a sustainable economy post Covid requires a long-term strategy, not just short-term stimulus

A defining feature of the current economic crisis is the unprecedented fiscal and monetary stimulus packages being rolled out by the governments to provide relief and revive the economy. In India too, the focus is on the existing ‘brown economy’ and shovel-ready projects.

from Economy-News-Economic Times https://ift.tt/3lvaCWI
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Good rainfall helps farm sector post record kharif crop acreage despite Covid-19 and floods

As on Friday, the total acreage was reported at 1,082 lakh hectares against 1,010 lakh hectares during the corresponding period last year – an increase by over 7%. Sown areas of mainly paddy, oilseeds and pulses contributed to this increase.

from Economy-News-Economic Times https://ift.tt/34M0piy
via

After public sector banks reforms, govt set to overhaul PSU appointments

The Public Enterprises Selection Board (PESB) has proposed to hold interviews for all jobs of chairman and managing directors of a group of PSUs or directors for human resources and finance at the start of the year, instead of looking for candidates for individual companies.

from Economy-News-Economic Times https://ift.tt/2QAa8jH
via

Mobile data speeds back to pre-lockdown levels

The frequent lag in streaming movies on your phone soon after the pandemic struck is probably a thing of the past. Mobile data download speeds, which fell almost by 21% (national average) compared to pre-Covid levels in the first week of April (soon after the lockdown commenced), got back to the earlier levels in mid-July, and are also up marginally in August.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Qylyo0

DXC onboards 500 women recruits in a single day in India

DXC Technology said it has hired 5,000 campus graduates in India this year, compared to just a few last year. It said it virtually onboarded 500 women recruits on a single day in India - its highest ever.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3lszWN5