SoftBank sells chipmaker Arm to US-based Nvidia for $40 billion

Nvidia will pay SoftBank $12 billion in cash and $21.5 billion in stock for the UK-based chip designer Arm, comprising a $2 billion payment on signing the deal

Nvidia goes mobile with $40B Arm deal

Nvidia agreed a deal to acquire Arm from SoftBank Group for $40 billion, as the ...

Nvidia to buy chip designer ARM for $40-billion

Nvidia will buy UK-based chip designer ARM from Japan's SoftBank Group for as much as US$40-billion, the companies said on Monday, in a deal set to reshape the global semiconductor landscape.

SoftBank to sell chip designer Arm to Nvidia in US$40 billion deal

Softbank Group on Monday said it has agreed to sell chip designer Arm to Nvidia for as much as US$40 billion.

SoftBank sells chip designer Arm to Nvidia in $40 billion deal

TOKYO/SAN FRANCISCO: SoftBank Group Corp. said on Monday it has agreed to sell chip designer Arm to Nvidia Corp. for as much as $40 billion in a deal set to reshape the semiconductor landscape. The deal puts a vital supplier to Apple Inc. and others across the industry under the control of a single player and will face potential pushback from regulators and Nvidia rivals.

UK tech giant Arm Holdings to be sold to US company Nvidia in $40bn deal

Chip designer’s co-founder says deal is an ‘absolute disaster’ that will lead to UK job losses

Nvidia Buys SoftBank’s Arm in Record $40 Billion Chip Deal

Nvidia Corp. agreed to buy SoftBank Group Corp.’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used electronics technology in the semiconductor industry’s largest-ever deal.Nvidia will pay $21.5 billion in stock and $12 billion in cash for the U.K.-based chip designer, including a $2 billion payment at signing. SoftBank may receive an additional $5 billion in cash or stock if Arm’s performance meets certain targets, the companies said Sunday in a statement. A

Brit chip maker Arm gets snapped up by US graphics giant Nvidia

Nvidia has confirmed that it's acquiring UK chip maker Arm from Japanese owner SoftBank in a US$40 billion deal made up of a combination of shares and cash, though the move is yet to undergo regulatory scrutiny.

Nvidia Buys Arm From SoftBank for $40 Billion

The move gives Nvidia a way into mobile chips, but the acquisition is likely to face regulatory scrutiny.

Nvidia to buy chip designer Arm for US$40 billion as SoftBank exits

SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as US$40 billion in a deal set to reshape ...

Nvidia buys SoftBank’s Arm in $40-billion chip deal

It’s the largest deal in the semiconductor industry, but hinges on China granting regulatory approval

NVIDIA officially acquires Arm for $40 billion in bid for AI dominance

It's official as NVIDIA is acquiring Arm Limited for $40 billion. The deal is expected to help accelerate NVIDIA's desire to be a leader in AI and earn more revenue from licensing IP to other industries chip makers like Qualcomm and Texas Instruments.

Nvidia acquires Arm from SoftBank for $40 billion

Nvidia confirmed that it is acquiring processor architecture firm Arm from Softbank for $40 billion. The deal confirms weeks of speculation.

Nvidia buys SoftBank’s Arm in record $40 billion chip deal

Nvidia Corp said it agreed to buy SoftBank Group Corp’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used electronics technology in the semiconductor industry’s largest-ever deal.

Nvidia buys Arm for $40 billion

Nvidia Corp. said it agreed to buy SoftBank Group Corp.’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used electronics technology in the semiconductor industry’s largest-ever deal.

NVIDIA officially acquires Arm for $40 billion in bid for AI dominance

It's official as NVIDIA is acquiring Arm Limited for $40 billion. The deal is expected to help accelerate NVIDIA's desire to be a leader in AI and earn more revenue from licensing IP to other industries chip makers like Qualcomm and Texas Instruments.

It's official: Nvidia purchases Arm in $40 billion deal

Deal to be made up of $12 billion in cash, and $21.5 billion in Nvidia stock.

Nvidia-Arm deal announced

Arm’s sale to Nvidia has been announced this morning.

Nvidia to buy UK chipmaker Arm from Softbank in $40 billion deal

US graphics chip maker Nvidia said it plans to buy UK-based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global industry powerhouse

NVIDIA acquires chip maker Arm for $40 billion

San Francisco, Sep 14 (IANS) In one of the biggest tech deals, Graphics giant NVIDIA has confirmed it is acquiring SoftBank-owned UK chip maker Arm for $40 billion with an aim to create a premier computing company for the age of artificial intelligence (AI). The deal would consolidate NVIDIA’s position[Read More...]

NVIDIA acquires chip maker Arm for $40 billion

San Francisco: In one of the biggest tech deals, graphics giant NVIDIA has confirmed it is acquiring SoftBank-owned UK chip maker Arm for $40 billion with

NVIDIA acquires UK chip maker Arm for $40 billion

In one of the biggest tech deals, graphics giant NVIDIA has confirmed it is acquiring SoftBank-owned UK chip maker Arm

NVIDIA acquires chip maker Arm for USD 40 billion

SoftBank may receive up to $5 billion in cash or common stock under an earn-out construct. NVIDIA will also issue $1.5 billion in equity to Arm employees.

Nvidia buys Arm for USD 40 billion

Nvidia announced a definitive agreement to buy Arm from SoftBank for USD 40 billion, minus Arm's IoT Services Group. Nvidia founder and CEO Jensen Huang said the deal will unite Nvidia’s AI computing with Arm’s CPU expertise to create an AI superpower and advance computing from the cloud, smartphones, PCs, self-driving cars, robotics, 5G and IoT. It will also expand Nvidia’s developer reach from 2 million to over 15 million software programmers. 

Nvidia to acquire processor and software design company Arm for $40 billion

Graphics card maker Nvidia has agreed to purchase semiconductor and software design company Arm for $40 billion. The deal will see Nvidia acquire Arm from current owner Softbank for a total of $21.5 billion in common stock and 12 billion in cash, which includes $2 billion payable at signing. Softbank may also receive up to $5 billion in cash or common stock under an earn-out construct if Arm meets certain financial performance targets. Arm is best known for creating processor IP, AI solutions, and security technology. The company has also created development tools for accelerating the engineering of system-on-chip (SoC) architecture and software application development.

Nvidia Confirms $40B Purchase Of Arm

Nvidia has confirmed that it intends to buy UK-based computer chip design giant Arm Holdings for a total of up to $40 billion from SoftBank.

Nvidia acquires ARM for $40 billion

Despite move to ARM processors in Macs, not much will change for Apple, while Nvidia could benefit enormously from the takeover

Nvidia-Arm $40 Billion Deal Will Upend Entire Chip Industry

Tech leader Nvidia's planned takeover of a premier chip designer may be the final piece it needs to dominate the semiconductor industry for a generation.

Nvidia to buy Arm in $40bn deal

The combination brings together Nvidia’s artificial intelligence (AI) computing platform with Arm’s ecosystem to create the premier computing company for the age of AI.

Softbank sells Arm to Nvidia for $40 billion

The Nvidia-Arm deal also marks the exit of Softbank, which had bought the chip-making company for USD 32 billion in 2016.

Nvidia to buy UK chipmaker Arm from Softbank in $40B deal

U.S. graphics chip maker Nvidia said it plans to buy U.K.-based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global industry powerhouse.

Nvidia to buy Arm for $40 billion from SoftBank

The final deal is a mix of cash and Nvidia stock options, and the Arm acquistion is expected to close in 18 months or so.

Nvidia announces its intention to buy chip design giant ARM from Softbank for $40 billion, and employees will get $1.5 billion in equity

In buying Arm, Nvidia will gain access to the chip design's technology, widely used in mobile devices and embraced in the data center market.

Nvidia’s $40-billion ARM deal will upend the entire chip industry

If Nvidia is able to pull off its blockbuster acquisition of premier chip designer ARM, the deal may be the final piece it needs to dominate the industry for a generation.

Nvidia announces its intention to buy chip design giant ARM from Softbank for $40 billion, and employees will get $1.5 billion in equity

Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018. Rick

NVIDIA Acquires Arm for $40 Billion

NVIDIA has reached an agreement to acquire Arm for $40 billion.

Govt seeks Parliament’s approval for Rs 2.35 lakh crore of additional gross expenditure

Finance Minister Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of Rs 2,35,852.87 crore, including Rs 40,000 crore towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program.

Nvidia secures control of key global tech with $40bn Arm deal

Company at pains to allay conflict of interest concerns with UK chip designer’s other clients

Share Market News Live: Sensex rises 200 points, Nifty above 11,530; Infosys, HCL Tech, Wipro top performers

India Stock Market News Updates Today:

Nvidia to buy Arm from SoftBank for $40 billion USD

Nvidia has agreed to buy Arm from SoftBank for $40 billion USD, which could give the company a way to get AI on everything.

India's economy likely to tank 9 pc due to Covid distress: S&P

S&P Global Ratings said on Monday it expects India's economy to contract by 9 per cent in the current fiscal year ending March 31, 2021 as rising Covid-19 cases will keep private spending and investment lower for longer.

Nvidia secures control of key global tech with $40bn Arm deal

Company at pains to allay conflict of interest concerns with UK chip designer’s other clients

Nvidia to buy U.K.'s Arm, sparking fears of chip dominance

U.S. graphics chip maker Nvidia said it plans to buy U.K.-based Arm Holdings in a deal worth up to US$40 billion, in a move that would create a global powerhouse in the industry.

Nvidia Buys ARM for $40 Billion, Plans New AI Research Center

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India's retail inflation stands at 6.69% in August

Centre seeks parliament's approval for additional spending of Rs 2.36 lakh crore

Of the additional expenditure of Rs 2.36 lakh crore, the most notable expenditures include Rs 44,340 crore to provide additional allocation under Post Devolution Revenue Deficit Grant to states

NVIDIA to Purchase Arm in Record-Busting Deal - The Mac Observer

NVIDIA has come to an agreement to buy UK chip-designer ARM from Softbank in a transaction worth a total of $40 billion. 

S&P projects Indian economy to contract 9% in FY21; says COVID-19 will restrain economic activity

S&P said risks to the growth outlook include a weaker recovery in informal sectors of the economy and deeper economic losses for micro and small enterprises

SoftBank is selling British chipmaker ARM to Nvidia for US$40 billion

Nvidia is buying British chipmaker ARM from SoftBank for as much as US$40 billion — a total that would make it the largest semiconductor deal ever.

FM presents 1st batch of supplementary demands; seeks additional Rs 2.3 trn

FM Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of Rs 2.35 trillion, which include cash outgo of Rs 1.66 trillion, primarily to meet expenses for combating Covid-19

FM Sitharaman presents first batch of supplementary demands; seeks additional Rs 2.35 lakh crore

The first batch of Supplementary Demands for Grants for 2020-21 includes 54 Grants and 1 Appropriation.

FM seeks additional Rs 2.35 lakh crore to meet expenses

FM seeks additional Rs 2.35 lakh crore to meet expenses. Of the total cash outgo Rs 40,000 crore is towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program and Rs 33,771.48 crore have been sought for direct benefit transfer under Pradhan Mantri Jan Dhan Yojana and National Social Assistance Programme.

WPI inflation accelerates to 0.16% in August

Country’s wholesale price inflation accelerated for the first time since March as the prices of food items and manufactured products soared, government

Nvidia's Arm deal sparks quick backlash in chip industry

Nvidia's deal would put Arm under the control of a US-based combatant amid US-China tensions and as Beijing tries to ramp up a domestic semiconductor industry.

FM Sitharaman presents first batch of supplementary demands

The first batch of Supplementary Demands for Grants for 2020-21 includes 54 Grants and 1 Appropriations.

Nvidia’s ARM deal likely to spark huge chip industry backlash

Nvidia's $40-billion agreement to acquire ARM is likely to meet strong opposition from Nvidia's chip industry rivals, analysts say, with murmurs of protest already emerging in South Korea and China.

Bank recapitalisation: Govt seeks nod to infuse Rs 20,000 crore in PSBs

The government has sought Parliament's approval to infuse Rs 20,000 crore in public sector banks through issue of government securities

WPI inflation up a tad in August after 4 months of deflation

Index rose 0.16 per cent y-o-y; food, manufactured items turn costlier

WPI inflation rises 0.16% in Aug; food, manufactured items turn costlier

Inflation in food articles during August stood at 3.84 per cent

WPI inflation rises 0.16 pc in August; food items turn costlier

Inflation in vegetables stood at 7.03 per cent, while in onion it was (-) 34.48 per cent..Wholesale price index. WPI. food inflation. Indian economy.Business News. Finance News

Business News | India's Economy Likely to Tank 9 Pc Due to Covid Distress: S&P

Get latest articles and stories on Business at LatestLY. S&P Global Ratings said on Monday it expects India's economy to contract by 9 per cent in the current fiscal year ending March 31, 2021 as rising Covid-19 cases will keep private spending and investment lower for longer. Business News | India's Economy Likely to Tank 9 Pc Due to Covid Distress: S&P.

S&P expects GDP to contract 9% in FY21 on rising covid-19 cases

Last week, Fitch Ratings and Moody’s Investors Service cut their GDP estimates for FY21 to contraction of 14.8% and 11.5% respectively while Investment bank Goldman Sachs sees GDP to shrink by 10.5%

WPI inflation rises 0.16% in August; food, manufactured items turn costlier

The Wholesale price index based (WPI) inflation was in the negative territory for four straight months -- April (-) 1.57 per cent, May (-) 3.37 per cent, June (-) 1.81 per cent and July (-) 0.58 per cent.

FM Seeks Parliament Nod For Additional Rs 2.35 Lakh Crore In Spending

On Monday, Finance Minister Nirmala Sitharaman sought Parliament nod for additional spending of Rs 2.35 lakh crore, which includes cash outgo of Rs 1.66 lakh crore, primarily to meet expenses for combating the COVID-19 pandemic.

India CPI Retail Inflation Rate August 2020: Govt data shows retail inflation grew 6.69% in August

India CPI Inflation Rate August 2020: The retail inflation measured by the Consumer Price Index (CPI) rose by 6.69 per cent in the month of August.

Retail inflation marginally dips to 6.69% in August against 6.73% in July

The retail inflation has grown beyond the Reserve Bank of India’s (RBI) upper margin of 6 per cent

Govt. looks to spend ₹2.35 lakh cr. more

FM tables supplementary demand for grants; net outgo may be ₹1.67 lakh cr; States to get big chunk

S&P Expects India's Economy To Contract 9% In Fiscal 2021

S&P joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction.

Fiscal deficit may hit 8% of FY21 GDP on additional govt borrowing: Experts

The development comes at a time when the economy is limping back to normalcy after a stringent lockdown that lasted over two months

S&P slashes its FY21 growth forecast for India

"One factor holding back private economic activity is the continued escalation of the Covid-19,"

Nvidia's Arm deal sparks quick backlash in chip industry

Nvidia Corp's US$40 billion agreement to acquire Arm Ltd from SoftBank Group Corp is likely to meet strong opposition from Nvidia's chip industry ...

Fossil fuel demand to take historic knock amid COVID-19 scars -BP

Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.

India to be largest source of energy demand growth: BP Energy Outlook

BP said the central view used in the main scenarios is that global economic activity partially recovers from the impact of the pandemic over the next few years as restrictions are eased, but that some effects persist.

₹20,000-crore bank recap, ₹40,000 cr more for MNREGA top Govt’s additional spending plan

Finance Minister seeks Parliament nod for total extra expenditure of ₹2.35-lakh crore

Finance minister seeks Parliament nod for ₹2.36 trillion additional spending

The first batch of supplementary demands for grants for the current financial year will involve additional budgetary burden of ₹1.67 trillion while around ₹69,000 crore will be met through savings by various departments

Has global oil demand hit peak? BP says it’s possible

LONDON, Sept 14 — Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain’s BP predicted today. At the same time, the oil cartel Opec has revised its forecast for global demand lower...

Has global oil demand hit peak? BP says it's possible

Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain's BP predicted Monday.

NVIDIA Buys Arm From SoftBank In $40 Billion Deal

SoftBank is selling Arm Limited to NVIDIA for $40 billion, giving the American chipmaker control of the mobile processor giant. The deal will see Arm, which is responsible for the architecture used in most mobile phone chips including Qualcomm, maintain its open licencing and customer-neutral business model. According to Jensen Huang, founder and CEO of... Read More

FM presents first supplementary demands, seeks additional Rs 2.35 lakh cr

Includes Rs 40,000 crore towards enhanced expenditure under MGNREGA

BP says the era of oil-demand growth is over

BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more.

FM presents first supplementary demands; seeks additional Rs 2.35 trillion

This includes Rs 40,000 cr towards enhanced expenditure under MGNREGS

BP says era of oil-demand growth over, may not return to pre-Covid levels

The UK giant is describing a different future, where oil's supremacy is challenged, and ultimately fades

Pandemic ushers early decline for fossil fuel era, BP says

Energy company warns of peak in demand for oil in next few years

BP says the era of oil-demand growth is over

The British oil major’s recent report has said that the demand for oil will not go back to the pre-Covid levels

Parliament Session: FM Sitharaman seeks approval for additional spending of Rs 2.35 lakh crore

The government has also sought Rs 46,602.43 crore towards providing additional allocation under Post Devolution Revenue Deficit Grant to the states as per recommendations for Fifteenth Finance Commission

Economy to shrink 9% in FY21, says S&P

Extent of downslide increased from 5% contraction earlier

BP Says the Era of Oil-Demand Growth Is Over

BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more.

BP says the era of oil-demand growth is over

BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more.

BP warns of oil demand peak by early 2020s

Coronavirus pandemic ushers in an earlier than anticipated decline for the fossil fuel era

Rating agency S&P projects Indian economy to contract 9% in fiscal 2021

S&P Global Ratings on Monday revised its forecast for the decline in India’s economy to (-)9 per cent in the current fiscal, from previously predicted,

It's official: Nvidia is acquiring Arm

Nvidia has announced that it has reached an agreement with SoftBank to acquire Arm Limited, in a transaction worth $40 billion financed using common stock and cash. While Nvidia will take possession of Arm and its lucrative IP portfolio, the…

End of Oil Era? BP Predicts Almost 70% Drop in Crude Demand Over Next 30 Years

The oil giant, which recently changed leadership, is pinning its hopes on the rapid expansion of non-fossil fuel energy, specifically green energy, which has been...

Experts list ways banks can boost revenue, navigate in post-pandemic era

To minimize the impact of COVID-19 on banks and boost their revenues, experts have stressed the need for lenders to reduce their loan book to the barest minimum, and diversify to other areas in the non-banking space.

2 Cheap Dividend Stocks You Can Buy Right Now

Both of these investments pay more than 5% annually.

COVID-19 impact: S&P expects economy to shrink by 9% in FY21

Retail inflation data, due later in the day, is likely to have stayed above the Reserve Bank of India's medium-term target range in August for the fifth straight month

India GDP: Rating agencies forecast contraction of 8% to 11.8% in FY21

Though the government has started reopening the country in a phased manner and the economic activities have started to gather pace, rating agencies still see a major contraction in FY21 GDP growth

FM seeks Parliament nod for additional budgetary spending of ₹2.35 lakh crore

The government has also sought ₹46,602.43 crore towards providing additional allocation under Post Devolution Revenue Deficit Grant to the states as per recommendations for Fifteenth Finance Commission.

Peak oil is closer than you think: BP

UK energy giant BP has become the first major to warn that the global demand for crude oil will peak within the next few years.

Parliament proceedings | FM presents first supplementary demands; seeks additional ₹2.35 lakh crore

The government has also sought ₹46,602.43 crore towards providing additional allocation under Post Devolution Revenue Deficit Grant

Govt seeks parliamentary approval for additional Rs 1.67 trn expenditure

The additional requirement includes Rs 40,000 cr for works under MGNREGA and Rs 20,000 cr for bank recapitalisation

Fossil fuel demand to take historic knock amid Covid-19 scars, says BP

LONDON, Sept 14 — Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast. BP's 2020 benchmark Energy Outlook underpins Chief...

What every Canadian investor needs to know today

A positive start for stocks this week

Sensex Jumps Over 300 Points, Nifty Crosses 11,500 Amid Gains Across Sectors

Asian share markets firmed on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its Phase 3 trial though sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States.

India's Aug WPI rises sequentially on high food, fuel prices

New Delhi: High food, fuel and manufactured goods' prices accelerated India's August wholesale inflation, official data showed on Monday. On sequential level, India's annual rate of inflation...

Sensex ends 97 points lower, Nifty at 11,421; Airtel, SBI, PowerGrid top losers

Midcap and smallcap stock were bullish today after SEBI's announcement of new rules that multi-cap mutual funds will be required to increase their exposure to mid and small caps stocks to 25% of their AUM by January 2021

Multicap funds with large AUM may face difficulty in re-shuffling portfolio

There is no need for existing multi-cap investors to panic or take any action, despite the likelihood of higher portfolio risk if the regulations are implemented in their present form.

S&P: India’s economy to tank 9% in FY21 due to COVID-19

Following Moody’s take on the Indian economy, S&P Global Ratings said that the Asian nation is likely to see a 9% contraction in its GDP in the fiscal

S&P projects Indian economy to contract 9 pc in FY21; says COVID-19 will restrain economic activity

The ratings firm joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction in April-June, as consumer spending, private investments and exports collapsed during one of the world's strictest lockdowns.

S&P expects India's economy to contract 9% in fiscal 2021

The ratings firm joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction in April-June, as consumer spending, private investments and exports collapsed during one of the world's strictest lockdowns.

Nvidia acquisition of Arm throws company into tech spat between U.S. and China

Nvidia acquisition of Arm throws company into tech spat between U.S. and China

Nvidia to acquire Arm for US$40 billion

Nvidia and SoftBank Group (SBG) have announced a definitive agreement under which the former will acquire Arm from the latter and the SoftBank Vision Fund in a transaction valued at US$40 billion.

Sequential retail price inflation marginally eases in Aug (Roundup)

New Delhi, Sep 14 (IANS) Lower food prices pulled down India’s August retail inflation to 6.69 per cent from 6.73 per cent in July, official data showed on Monday. The data furnished by the National Statistical Office (NSO) showed that India’s consumer food price index during the month under review[Read More...]

India’s August wholesale inflation boosted by food, fuel

On a sequential level, India's annual rate of inflation based on wholesale prices rose to 0.16 percent in August from (-) 0.58 percent in July.

Multi-cap funds and the latest Sebi directive

Earlier, the minimum investment in equity and equity-related instruments was 65 per cent of total assets.

World News | OPEC Cuts Oil Demand Forecasts, BP Sees 'peak Oil' in 2020s

Get latest articles and stories on World at LatestLY. Developing countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Monday as it cut its forecasts. World News | OPEC Cuts Oil Demand Forecasts, BP Sees 'peak Oil' in 2020s.

Consumer Inflation At 6.69% In August, Remains Above RBI Target

Consumer inflation in the country came in at 6.69 per cent in August, a notch lower compared to 6.73 per cent in the previous month and slightly better than economists' estimates,government data showed on Monday. Marginally easing food prices, with the gradual lifting of coronavirus-related restrictions, led to the improvement in the overall inflation reading. The Reserve Bank of India (RBI) tracks retail inflation - or the rate of increase in consumer prices as determined by the Consumer Price Index (CPI) - primarily for making changes to its monetary policy.

Good intent, bad planning

SEBI needs to avoid abrupt tweaks to rules that disrupt the market

S&P Global Ratings expects Indian economy to contract 9% in fiscal 2021

S&P Global Ratings said that it was expecting India's economy to shrink by 9% in the fiscal year ending March 31, 2021, larger than its previous estimate of a 5% contraction

August WPI inflation up at 0.16% after being in negative zone for 4 months

The annual rate of inflation based on WPI Food Index decreased from 4.32 per cent in July to 4.07 per cent in August

India’s oil and gas import dependence to more than double by 2050: bp Energy Outlook 2020

India’s oil and gas import dependence is going to more than double by 2050, according to the bp Energy Outlook 2020. This is on the back of significantly higher domestic energy demand and a hastened t

NVIDIA strikes Arm deal, behold the future of AI computing

The long-rumored news of NVIDIA buying semiconductor giant Arm from Softbank Group Corp. has finally materialized. Back in August, there were concrete talks between the two and now the deal is offi…

Equities reverse gains on heavy selling in banking, finance stocks

Mumbai, Sep 14 (IANS) The Indian stock market, which traded in the green for most part of the day on Monday, eventually gave up all its gains to end in the red. The course reversal was driven by a selloff in banking and finance stocks. The BSE Banking index closed[Read More...]

US' Nvidia Seals $40Bln Deal With Japan's SoftBank to Buy UK Tech Company Arm Holdings

MOSCOW (Sputnik) - California-based multinational tech company Nvidia and Japan's SoftBank Group (SBG) have made a $40 billion deal under which the former is set to...

Govt seeks Parliament nod for Rs 20,000 cr capital infusion in public sector banks

The government on Monday sought Parliament's approval for infusing Rs 20,000 crore in public sector banks in the current financial year to meet regulatory requirements.

Retail inflation dips marginally to 6.69% in Aug, food inflation at 9.62%

Food inflation during the month stood at 9.62 per cent

SEBI may need to tweak its directive on multi-cap funds to serve investor interest better

While the move is well-intended to fix the undue bias towards large-caps, offering ample flexibility to fund managers is also critical

Govt seeks Parliament nod for Rs 20,000-cr capital infusion in PSBs

Amount part of Rs 2.35 lakh cr additional spending moved by FM in Lok Sabha

Nifty IT index rallies 3%; TCS, HCL Tech, Mindtree, Coforge hit fresh highs

Persistent Systems, Datamatics Global, Birlasoft, Mphasis, Firstsource Solutions, NIIT, Mastek, Ramco Systems and Quick Heal from the S&P BSE IT index were up between 5% and 11%

Govt seeks Parliament nod for Rs 20,000 crore capital infusion in public sector banks

In all, the government has sought Parliament's nod for additional spending of Rs 2.35 lakh crore, which includes a cash outgo of Rs 1.66 lakh crore, primarily to meet expenses for combating the COVID-19 pandemic.

Sensex ends 98 points lower; IT stocks shine

After gyrating 657 points during the day, the 30-share BSE index settled 97.92 points or 0.25 per cent lower at 38,756.63.

ASX to edge up, central banks in focus

Australian shares are set for a modest start to the week, during which investors will be parsing policymaker comments from Australia to the UK and the US.

3 Reasons to Buy Microsoft Stock on the Dip

Microsoft has dependable revenue and earnings growth and a monstrous balance sheet. Plus, MSFT stock is in demand among investors.

Stock Market Bubble: Are Stocks Too Expensive Right Now?

Simply put, the stock market has gone wild. It's important to factor that into your investment planning.

Sensex rises over 350 points, Nifty regains 11,550 level; smallcap stocks outperform after Sebi order

Smallcap stocks were the outperformers today with BSE Smallcap index rising over 2%. The BSE Midcap index advanced 1.18%.

SoftBank Group selling Arm to NVIDIA for up to $40 billion

Japan's SoftBank Group said Monday it is selling British chip designer Arm to US firm NVIDIA for up to $40 billion, potentially creating a new giant in the industry but sparking an investigation by UK ...

Centre now seeks Parliament approval to infuse Rs 20,000 crore via recapitalisation bonds

Finance Minister Nirmala Sitharaman tabled a supplementary demand for grants in Parliament, which reflects the additional expenses sought by various ministries over and above the amount allocated in the Budget

SEBI circular on rebalancing multi-cap funds: Will 'true to label' deliver true returns?

SEBI needs to be appreciated for being quick and flexible in response.

Supply-side bottlenecks: August retail inflation expected to remain high on Covid impact (IANS Poll)

By Rohit VaidNew Delhi, Sep 13 : The Covid-19 induced supply-side constraints are expected to keep India's retail price inflation at an elevated level,

NVIDIA (NASDAQ: NVDA) Officially Announces Definitive Agreement With SoftBank To Acquire ARM for $40 Billion

NVIDIA has officially announced a definitive agreement with SoftBank to acquire the British chip designer ARM for $40 billion

bp Energy Outlook Explores Possible Paths for Global Energy Transition

The 2020 edition of the bp Energy Outlook explores possible paths for the global energy transition, how global energy markets may evolve over the next thirty years and the key uncertainties that may shape them. Looking out to 2050, the Outlook is focused around three main scenarios.

SoftBank Group selling Arm to Nvidia for up to $40 billion

If approved, it will be one of the biggest merger-acquisitions in the world this year and promises to propel Nvidia to the forefront of the semiconductor sector.

WPI inflation rises 0.16% in August; food, manufactured items turn costlier

Inflation in vegetables stood at 7.03%, while in onion it was (-) 34.48%.

SoftBank Group selling British chip designer Arm to Nvidia for up to US$40b

TOKYO, Sept 14 — Japan's SoftBank Group said today it is selling British chip designer Arm to US chip company Nvidia for up to US$40 billion (RM166 billion), potentially creating a new giant in the industry. “We reached a final agreement with... Nvidia to sell all shares in Arm... at the value...

'Reversal repo rate' below 3.5% detrimental to economy: SBI Ecowrap

SBI report said that providing fiscal stimulus is the most effective solution in the current pandemic and it should be immediately provided in line with other countries

Stocks, Futures Push Higher After Two-Week Slide: Markets Wrap

European and Asian stocks rose Monday along with U.S. futures amid a flurry of deal activity and signs of progress toward a virus vaccine. The dollar edged lower and Treasuries were little changed ahead of this week’s Federal Reserve meeting.

Mid/small-cap stocks rally on SEBI multi-cap norms

Investors see fund houses diversifying investments; brokerages call for caution

Analysts ask for clarity at the earliest to calm bond yields

While there is no official word yet, deficit monetisation can potentially be in the range of Rs 4-5 lakh crore.

OPEC cuts 2020 oil demand forecast, trims 2021 outlook on pandemic fallout

OPEC has cut its forecast for oil demand growth this year, citing a weaker-than-expected recovery in India and other Asian countries.

Fiscal headwinds could scuttle economic recovery – CBN report 

The Central Bank of Nigeria (CBN) has admitted that the expanded Federal Government’s budget deficit, escalating level of unemployment, rising inflation arising from increase in Value Added Tax

Nvidia close to acquiring chip maker ARM for $40 billion: Report

The Financial Times first reported in late July that Nvidia is reportedly in advance talks to acquire ARM in a cash-and-stock deal worth at least $32 billion.

Sensex rallies over 300 points in early trade; Nifty tops 11,550

HCL Tech was the top gainer in the Sensex pack, surging around 5 per cent, followed by Tech Mahindra, HDFC duo, Reliance Industries, TCS, SBI and IndusInd Bank.

TCS M-Cap Crosses Rs. 9 Trillion; Stock Hits Fresh 52-Week High

We believe TCS could see a decline in FY21E revenues mainly due to a weak first quarter. However, we expect the company to register healthy growth in FY22E mainly led by ramp up of deal pipeline and acceleration in digital technologies,said ICICI Securities .

TCS becomes the second Indian company to cross Rs 9 trillion m-cap

The IT bellwether's stock surpassed its previous high of Rs 2,389.50, hit on September 8, 2020

Retail inflation eases to 6.69% in August; rate cut hopes remain grim

Once again retail inflation remained above Reserve Bank of India's medium term target of 4-6 per cent, which means a rate cut is not likely to happen in the next monetary policy meet

M&M Fin, Federal Bank: Top financial picks post Sebi's multicap fund rule

We believe quality Mid & Small caps can deliver significant returns in the next 4-6 months as most institutional investors will try to comply with this new regulation, said Centrum Broking

India's August WPI up at 0.16%, Riding on High Food, Fuel Prices

On sequential level, India's annual rate of inflation based on wholesale prices rose to 0.16 per cent in August from (-) 0.58 per cent in July.

TCS second Indian firm to cross Rs 9 lakh cr-market valuation mark

The company's market valuation went past Rs 9 lakh crore in early trade helped by a rally in its share price

MFs have many options to meet 25% limit requirement on multi-cap schemes: SEBI

The capital markets regulator, in a circular issued on Friday, specified that minimum investment in equity and equity related instruments of large-, mid- and small-cap companies should be minimum 25 per cent each of total assets.

TCS becomes second Indian firm to surpass Rs 9 lakh crore-market valuation

The company's market valuation went past Rs 9 lakh crore in early trade helped by a rally in its share price

TCS becomes second Indian firm to cross Rs 9 lakh crore-market valuation mark

The company's market valuation went past Rs 9 lakh crore in early trade helped by a rally in its share price..TCS. Tata Consultancy Services. TATA. Onmanorama. Manorama Online.Business News. Finance News

Sequential retail price inflation marginally eased to 6.69% in Aug

New Delhi, Sep 14 (IANS) Lower food prices pulled down India’s August retail inflation to 6.69 per cent from 6.73 per cent in July, official data showed on Monday. India’s consumer food price index during the month under review rose to 9.05 per cent from 9.27 per cent reported for[Read More...]

TCS 2nd Indian comapny to cross Rs 9 lakh cr-market valuation mark

The company's market valuation went past Rs 9 lakh crore in early trade helped by a rally in its share price

Smallcap stocks rally, SEBI ruling pushing broader markets up; time to buy midcap, smallcap stocks?

According to the analysts, multicap funds are among the biggest funds in terms of the number of schemes and AUM within equity diversified funds.

TCS becomes second Indian firm to cross Rs 9 lakh cr-market valuation mark

Tata Consultancy Services (TCS) on Monday became the second Indian firm to attain a market valuation of over Rs 9 lakh crore after Reliance Industries Limited.

TCS becomes first Indian IT firm to cross Rs 9 lakh crore market capitalisation

TCS share hit all-time high on BSE today rising 3.37% to Rs 2,453 against previous close of Rs 2373 on BSE

Opec downgrades 2020 forecast amid faltering demand

Opec has cut its forecast for the global oil market for the year, amid faltering demand and a weaker-than-expected recovery in Asia.

Copper futures trade firm at nearly Rs 527 a kg on strong demand

In the futures market, copper for September delivery touched an intraday high of Rs 528.20 and a low of Rs 524.50 per kg on the MCX.

TCS becomes second Indian firm to cross Rs 9 lakh crore-market valuation mark

Helped by the surge in its share price, the company's market valuation rose to Rs 9,14,606.25 crore on the BSE in early trade. It is the second most-valuable domestic firm in terms of market capitalisation.

Macquarie Group has warned its earnings will take a major first-half hit thanks to the coronavirus

Macquarie Group has warned its earnings will take a hefty first-half hit because of calm March-September trading after the steepest bear market on record and delayed mergers and acquisitions activity.

Top smallcap, midcap stocks to buy: Kotak, ICICI, Edelweiss’ top picks on SEBI’s multicap rule change

It finally may be go-time for small cap and midcap stocks. SEBI issued a circular last week which is expected to further help the small cap and midcap stocks rally.

Sensex Slumps Over 650 Points From Day's High As Banking Shares Drag

Mid- and small-cap shares rallied after market regulator Securities and Exchange Board of India (Sebi) tweaked norms for asset allocation for multi-cap mutual funds.

Opening Bell: U.S. Futures, Global Stocks Rebound; Oil Pressured, Gold Flat

Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

TCS becomes second Indian firm to cross Rs 9 trillion market valuation mark

Tata Consultancy Services (TCS) on Monday became the second Indian company to attain a market valuation of Rs 9 trillion after Reliance Industries Limited

Market rallies: RIL, HDFC Bank, HDFC, HCL Tech, TCS, SBI among gainers

Lead futures rise 1.22% to Rs 149.05 per kg in evening trade

In the futures market, lead for September delivery touched an intraday high of Rs 149.45 and a low of Rs 146.80 per kg on the MCX.

Nvidia to buy Arm Holdings from SoftBank for $40 billion

SoftBank bought Arm for $31.4 billion in 2016, and the sale is seen as a move to raise much-needed cash as it has recently lost a significant amount of money in its high-profile investments in companies like WeWork and Uber.

Nickel futures jump 0.84% to Rs 1,121 per kg in evening trade

In the futures market, nickel for September delivery touched an intraday high of Rs 1,122.60 and a low of Rs 1,111.40 per kg on the MCX

HCL Tech rallies 7%, hits record high after mid-quarter business update

The IT major further said the Ebit margin for the current quarter is expected to be between 20.5-21 per cent

Indian funds seek to calm investors after rule change affects $20 billion in equity assets

The Securities and Exchange Board of India (SEBI) on Friday said so-called multi-cap funds should invest a minimum 75 percent of their assets in stocks, but spooked industry by mandating equal allocation of 25 percent between large-, mid- and small-cap shares.

TCS becomes 2nd Indian company to cross Rs 9 lakh-crore in market valuation

Tata Consultancy Services (TCS) on Monday became the second Indian company after Reliance Industries to attain a market valuation of over ₹9 lakh crore. The company’s market valuation went past the ₹9 lakh crore-mark in early trade helped by a rally in its share price. TCS is also the first Indian IT company to cross ₹9 lakh crore in m-cap.

Macquarie flags $500m pandemic hit to first-half earnings

Macquarie Group says the turmoil unleashed by COVID-19 will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

Macquarie Group flags $300m profit hit

Calmer markets in the period between March and September, as trading volatility subsided following the steepest bear market on record, has dampened Macquarie's half-year income.

Multi-Cap Rule Change: SEBI Says Mutual Funds Free To Choose Route

On Sunday evening, SEBI clarified that mutual funds are free to choose the route for complying with the revised norms on multi-cap funds. The clarification provided on Sunday could help mutual funds look at options such as a merger of multi-cap funds into large and mid-cap schemes or conversion of the existing product

4 Hot Stocks to Buy for E-Commerce Growth

E-commerce stocks to buy include these companies that are growing at a robust pace and stand to benefit from the surge in online shopping.

WPI inflation rises 0.16% in Aug as manufactured items turn costlier

A modest decline in food inflation in August was driven by cereals, pulses, vegetables and milk costing less

NASDAQ Stock Is Too High

Despite a 77% rise since the March 23 lows of this year, at the current price of around $125 per share we believe NASDAQ Inc. stock looks fully valued based on its historic P/E multiples. NASDAQ, a global financial exchange group, has seen its stock rally from $73 to $129 off the recent bottom...

REVIVAL ONLY VIA CASH, JOBS

By Shivaji SarkarIt is slobalisation across the globe. The world has applied the brakes on the economy due to an unprecedented civilisational lockdown. India, termed as the engine of global growth, has taken a big hit and it may take quite a few year

TCS becomes second Indian firm to cross ₹ 9 lakh cr-market valuation mark

The stock of the software services firm gained 2.91% to ₹ 2,442.80 — its record high — on the BSE.

Gold price rises to Rs 51,380; silver rates at Rs 68,000

Gold, Silver prices today: Traders said investors rushed to the safe-haven asset amid weakness in equity markets due to the rising cases of coronavirus, on a global scale

Gold prices slip marginally to Rs 51,394 per 10 gram, silver down Rs 201 per kg

The uncertainty over BREXIT withdrawal, US-China tensions and rising coronavirus cases has kept risk premium high in the gold prices.

59-minute MSME loan: 92% sanctioned loans with this much amount disbursed; applications up 59% 

Credit and Finance for MSMEs: The 59-minute loan scheme was launched on November 2, 2018, to provide in-principle approval for a term loan or working capital loan from Rs 1 lakh to Rs 1 crore. However, in July last year, SBI Andhra Bank, Corporation Bank, Oriental Bank of Commerce, and Union Bank of India had enhanced the credit limit to Rs 5 crore.

India News | Retail Inflation Softens Marginally to 6.69 Pc in Aug

Get latest articles and stories on India at LatestLY. Retail inflation softened slightly to 6.69 per cent in August, even as food prices continued to rule high, official data showed on Monday. India News | Retail Inflation Softens Marginally to 6.69 Pc in Aug.

Funds Seek To Calm Investors As Sebi's New Norms Affect $2 Billion In Equity Assets

Securities and Exchange Board of India (SEBI) said so-called multi-cap funds should invest a minimum 75 per cent in stocks, with equal allocation of 25 per cent between large-, mid- and small-cap shares.

Macquarie flags $500m pandemic hit to first-half earnings

Macquarie Group says the turmoil unleashed by COVID-19 will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

Oil slips as demand concerns rise, Libya output looms

Brent crude was down 33 cents, or 0.8 per cent, at $39.50 a barrel while U.S. West Texas Intermediate (WTI) crude futures were down 34 cents, or 0.9 per cent, at $36.99 a barrel by 0955 GMT

India's retail inflation stood at 6.69% in August

Inflation in the vegetables basket stood at 11.41 percent in August as against 11.29 percent in July.

Monday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions

Retail Inflation Eases In Aug But Stays Above RBI's Tolerance Level

On Monday, data released by the National Statistical Office (NSO) showed retail inflation for August at 6.69 percent from 6.73 percent in the previous month. CPI core inflation was recorded at 5.8 percent as compared to 5.7 percent in July.

GST compensation due to states at Rs 1.51 trillion, Maharashtra owed most

The GST collection during April-August declined on account of COVID-19 induced lockdown, and the compensation due to states stands at over Rs 1.51 trillion, MoS for Finance Anurag Singh Thakur said

Australian heavyweight Macquarie sees H1 profit slump in virus upheaval

The conglomerate said net profit for the current September half year would be hit as delayed deals and subdued market trading curtailed income

Macquarie flags 35 per cent pandemic hit to first-half earnings

Macquarie Group has told investors the turmoil unleashed by coronavirus will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

₹1.51 lakh crore GST compensation due to States, Maharashtra leads

The GST collection during April-August declined on account of COVID-19 induced lockdown, and the compensation due to states stands at over ₹1.51 lakh crore, Minister of State for Finance Anurag Singh

Stocks, futures push higher after two-week slide: markets wrap

The dollar edged lower and Treasuries were little changed ahead of this week’s Federal Reserve meeting.

Asian shares buoyed by coronavirus vaccine hopes

In a sign the positive mood will spread elsewhere, the pan-region Euro Stoxx 50 futures and German DAX futures rose 0.5% in early trade while London's FTSE futures added 0.24%.

Macquarie flags 35 per cent pandemic hit to first-half earnings

Macquarie Group has told investors the turmoil unleashed by coronavirus will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

Crude oil futures down 0.58% on weak demand, Brent trades below $40 a barrel

In the futures market, crude oil for September delivery touched an intraday high of Rs 2,769 and a low of Rs 2,713 per barrel on the MCX

Nvidia is acquiring Arm for $40 billion

Nvidia has announced that it is purchasing UK chipset designer Arm from Japanese conglomerate SoftBank in a deal valued at a whopping $40 billion. The transaction will be finalized in 18 months.

HCL Tech share scales all-time high on strong guidance in Q2 update

HCL Tech stock has gained after 3 days of consecutive fall

End of easing cycle makes for a picky time in emerging markets

There are plenty of country-specific risks to consider.

Any Dip in Pinterest Stock is a Great Long-Term Investment Opportunity

Long-term investors may regard any drop in PINS stock as opportunity to buy. Pinterest is a portfolio keeper.

Macquarie flags 35 per cent pandemic hit to first-half earnings

Macquarie Group has told investors the turmoil unleashed by coronavirus will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

Bracing for a burden of bad loans

Sensex rallies over 300 points in early trade; Nifty tops 11,550

Domestic equities opened on a positive note tracking positive cues from global markets and persistent foreign fund inflow, traders said.

7 Best Index Funds for September

Index funds usually sport low fees. Some are actually free and many offer effective exposure to familiar assets and benchmarks.

WPI inflation rises to 0.16% in August

The annual rate of inflation, based on monthly WPI (wholesale price inflation) was pegged rising at 0.16 per cent in August 2020, as compared to 1.17 per cent during the corresponding month of the previous year

Silver futures up 0.45% to Rs 68,238 per kg on dollar weakness

In the futures market, silver for December delivery touched an intraday high of Rs 68,292 and a low of Rs 67,906 per kg on the MCX.

NVIDIA to acquire SoftBank Group's Arm for up to $40 billion in largest deal of the year

If approved, the deal will be one of the largest acquisitions anywhere in the world this year, and will propel NVIDIA to the forefront of the semiconductor sector. The announcement also renewed speculation about SoftBank Group's future, with Bloomberg News reporting it is set to revive talks about going private via a management buyout plan.

BSE Smallcap index records sharpest intra-day rally in over 5 months

The development, analysts say, has given a fresh trigger to the mid-and small-caps that can see some uptick in the days ahead

Sensex, Nifty erase all gains to end day’s trade with losses; Nifty small cap 50 index gains over 6%

Sensex and Nifty started the week’s initial trading session with gains but failed to carry that momentum for the entire day, ending the session with losses.

Markets End The Day Lower, IT Index Hits Record High

The Sensex and the Nifty ended the day lower despite trading sharply higher for most part of the day.

S&P projects Indian economy to contract 9 pc; says COVID-19 will restrain economic activity

“One factor holding back private economic activity is the continued escalation of the COVID-19,” S and P Global Ratings Asia-Pacific Economist Vishrut Rana said.

13 states submit borrowing option to Centre to fund GST shortfall

BJP states supported the borrowing option while non-BJP states are at loggerheads

Monday’s TSX breakouts: This dividend stock hits a record high despite recent market weakness

This retailer is currently trading at a reasonable valuation, in-line with its historical averages

Dow claws back 28,000 perch as stocks rebound from last week’s selloff, amid vaccine hopes, deal-making

U.S. stocks climb Monday amid a flurry of potential corporate mash ups announced over the weekend, including reports that Oracle may be forging a partnership...

SoftBank to Raise $10.4 Billion in Sale of Wireless Unit Stock

SoftBank Group Corp. will raise about 1.2 trillion yen ($10.4 billion) from selling about a third of its domestic wireless arm, marking Japan’s biggest secondary share sale in a decade.

3 Dividend Stocks Delivering Rich Yields (Along With Higher Risks)

Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: AT&T Inc, Amazon.com Inc, Exxon Mobil Corp, International Business Machines. Read Investing.com (Haris Anwar/Investing.com)'s lat

WPI inflation rises for first time since March; August WPI rises this much

Wholesale Price Index (WPI) for August 2020 rose to 0.16% after being in a negative territory for four months straight since March.

Stocks Open Higher on Vaccine Optimism, M&A Fever; Dow up 335 Points

Stocks Open Higher on Vaccine Optimism, M&A Fever; Dow up 335 Points

What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a positive opening for the index in India with a 35 point gain.

Oil slips as demand concerns rise, Libya output looms

Oil prices were mixed on Monday with U.S. crude rising as a tropical storm in the Gulf of Mexico forced rigs to shut down, but the gains were kept ...

Global Markets: Asian shares buoyed by coronavirus vaccine hopes

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%, poised for its second straight session of gains

NVIDIA Confirms US$40 Billion ARM Acquisition From SoftBank

NVIDIA has confirmed that it has come to an agreement with the SoftBank Group (SoftBank) for its acquisition of ARM. As per our earlier report, the GPU

GST compensation due to states at Rs 1.51 lakh crore, Maharashtra leads

The provisional GST compensation due to states/UTs for 2020-21 was highest for Maharashtra at Rs 22,485 crore, followed by Karnataka (Rs 13,763 crore), Uttar Pradesh (Rs 11,742 crore), Gujarat (Rs 11,563 crore) and Tamil Nadu (Rs 11,269 crore).

Crude oil, gold prices to remain rangebound with bearish bias in short-term: HDFC Securities

The CFTC data showed that the money managers have increased their net long positions to three week high by 3,608 lots in last week.

Global shares mostly rise as investors look ahead to Fed

TOKYO (AP) — Global shares mostly rose Monday, continuing a [...]

GST compensation due to states at Rs 1.51 lakh cr, Maharashtra leads

The GST collection during April-August declined on account of COVID-19 induced lockdown, and the compensation due to states stands at over Rs 1.51 lakh crore, Minister of State for Finance Anurag Singh Thakur said on Monday.

13 states submit borrowing option to Centre to fund GST shortfall

These 13 states include Bihar, Odisha, Andhra Pradesh, Gujarat, Uttarakhand and Meghalaya..GST shortfall. India states. borrowing option. GST.Business News. Finance News

3 Dividend Stocks Delivering Rich Yields (Along With Higher Risks)

Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: AT&T Inc, Amazon.com Inc, Exxon Mobil Corp, International Business Machines. Read Investing.com (Haris Anwar/Investing.com)'s lat

Asia shares rise as investors look ahead to Fed meeting

Asian shares rose Monday, despite the roller-coaster ride that Wall Street ended with last week, as traders awaited cues from the U.S. central bank expected later in the week.

HCL Technologies shares jump 12%, hit 52-week high; IT major expects better revenue growth, orders

Information Technology giant HCL Technologies saw its share price gaining 12% on Monday morning as the stock hit a fresh 52-week high.

Nvidia’s purchase of SoftBank’s Arm is a risky bet

There are regulatory hurdles to cross, and the growth assumptions are on shaky ground

Asia shares rise as investors look ahead to Fed meeting

Asian shares rose Monday, despite the roller-coaster ride that Wall Street ended with last week, as traders awaited cues from the U.S. central bank expected later in the week.

Public banks need much more than Rs 20,000 crore capital infusion

Government's plan to infuse Rs 20,000 crore into public sector banks puts no pressure on the Centre, but the lenders have to be ready with enough capital if matters go south

Indian stock markets bounce back but global cues turn weak

Indian equity markets bounced back this week with both Nifty50 and Sensex up 1.2% and 1.3% to close at 11,464 and 38,855, respectively. The broader market, however, remained weak with Nifty

NVIDIA to acquire Arm Holdings for $40 billion from SoftBank

NVIDIA will be buying Arm Holdings from the SoftBank Group as per a recent announcement. The known graphics card maker will be acquiring the chip designer for a deal worth 40 billion US Dollars, which was announced by both companies on Sunday (13th September 2020). The deal will have NVIDIA paying 12 billion US Dollars …

Nasdaq Futures Rise 173 Pts; Nvidia Deal Helps

Nasdaq Futures Rise 173 Pts; Nvidia Deal Helps

Asian shares on firm footing as vaccine trials resume

SYDNEY, Sept 14 — Asian shares started higher today as hopes of a coronavirus vaccine were rekindled after AstraZeneca resumed its phase-3 trial while sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States. MSCI's broadest index of...

Oil moves higher as storm threatens US Gulf Coast

Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production.

At midday: Wall Street climbs on mega mergers, vaccine hopes

TSX jumps on COVID-19 vaccine hopes

The Macquarie bubble has burst, unearthing its COVID vulnerabilities

For the first time since the GFC Macquarie is not providing guidance for the full year to the end of March 2021.

Govt to infuse Rs 20,000 cr in public sector banks; seeks parliamentary nod

The government has infused Rs 3.5 trillion in PSBs in the last few years, with the previous round of recapitalisation taking place in September 2019

Oil gains as storm causes U.S. gulf production halts

Oil gains as storm causes U.S. gulf production halts

Covering dues: Special loans for discoms raised to Rs 1.2 lakh crore

The Centre had announced the scheme to clear the dues owed by discoms to the power generating companies till March, but several states, citing the discoms’ additional stress due to the coronavirus lockdown, wanted a widening of the window, Union power ministry secretary Sanjiv Nandan Sahai said.

Cotton futures slip marginally to Rs 17,800 per bale in afternoon trade

In the futures market, cotton for October delivery touched an intraday high of Rs 17,860 and an intraday low of Rs 17,610 per bale on the MCX.

OPEC forecasts steeper oil demand drop as coronavirus persists

World oil demand will tumble by 9.46 million barrels per day this year, the Organization of the Petroleum Exporting Countries said in a monthly report

Natural gas rises nearly 3% to Rs 173.20 per mmBtu on strong overseas cues

In the futures market, natural gas for September delivery touched an intraday high of Rs 173.80 and a low of Rs 170.60 per mmBtu on the MCX

13 states opt for Centre's 'borrow' plan amid GST compensation row

As many as 13 states ruled by the BJP and parties that have supported it on various issues have submitted their borrowing options to the Centre to meet the GST revenue shortfall.

GST compensation cess: 13 states decide, 12 opt for 1st option

GST compensation cess: 13 states decide, 12 opt for 1st option

IndusInd Bank rating: Buy — The focus on deposits will aid re-rating

FY20 AR shows slippages were high; EPS upgraded to factor in capital raise; ‘Buy’ maintained with TP of Rs 760

Global shares rise as investors look ahead to Fed meeting

Global shares rose Monday, despite the roller-coaster ride that Wall Street ended with last week, as traders awaited cues from the U.S. central bank expected later in the week.

Asian shares on firm footing as vaccine trials resume

Asian shares started higher on Monday as hopes of a coronavirus vaccine were rekindled after AstraZeneca resumed its phase-3 trial while sentiment ...

Oil ends lower on weak demand outlook, but storm disruptions to Gulf output limit losses

Oil futures end lower on Monday, undercut by continued demand worries as the Organization of the Petroleum Exporting Countries further reduces its outlook...

GST compensation cess: 13 states decide, 12 opt for 1st option

                New Delhi, Sep 13, 2020- A total of 13 states have so far decided on their borrowing options to meet their GST compensation shortfall and almost all have decided to go for the first option proposed by the Centre, source said. Out of the 13, 12 states have opted for the first option, under which […]

Teji Mandi: SEBI's new mandate - Will Small & Midcaps finally wake up?

HCL Tech expects better Q2 revenue than previous forecast

HCL Technologies on Monday said that it expects the revenue and the operating margin for the September quarter to be better than the top end of the guidance provided in July 2020

August retail inflation at 6.69 per cent

Wholesale price index (WPI) inflation rose to 0.16% in August from 0.58% in July. It turned positive in August for the first time since March reflecting a recovery in producers pricing power.

Retail inflation decelerates in August, but remains above RBI's tolerance level

Data released by the National Statistical Office on Monday showed food inflation eased in August to 9.05% from 9.27% in the preceding month

The Macquarie bubble has burst, unearthing its COVID vulnerabilities

For the first time since the GFC Macquarie is not providing guidance for the full year to the end of March 2021.

The Macquarie bubble has burst, unearthing its COVID vulnerabilities

For the first time since the GFC Macquarie is not providing guidance for the full year to the end of March 2021.

Wholesale prices rose by 0.16% in August, the first increase in five months, shows government data

Potato prices rose by as much as 82.93%, while onion prices fell by 34.48%.

OPEC expects slower recovery for global oil demand

Sept. 14 (UPI) -- The decline in global oil demand due to the COVID-19 pandemic will be deeper and last longer than previously thought, OPEC said in a new outlook Monday.

HCL Technologies, Infosys, other IT stocks push Sensex, Nifty up; top factors moving markets today

Equity markets saw midcap and smallcap indices outperform the benchmarks. Volatility, after gaining in the initial minutes, slipped marginally.

RIL share price hits fresh record high today, stock rallies 57% so far this year; should you buy?

RIL stock has zoomed 172 per cent from its March low of Rs 868 apiece. Last week, RIL announced that Silver Lake would invest Rs 7,500 crore in its retail arm RRVL

RBI has potent options to keep yields in check

The tug of war between the markets and North Blocks investment banker should intensify amid rising worries about fiscal deficit and the trajectory of inflation, which has breached the upper end of Mint Roads mandate.

GST compensation cess: 13 states decide, 12 opt for 1st option

New Delhi, Sep 13 : A total of 13 states have so far decided on their borrowing options to meet their GST compensation shortfall and almost all have

OPEC sees weaker outlook as demand falters, shale recovers

OPEC downgraded its outlook for the global oil market a few days before ministers meet, amid faltering demand and signs of a recovery in supply from U.S. shale drillers.

HCL Technologies Hits Record High After Mid-Quarter Business Update

On Monday, shares of HCL Technologies rose over 6 percent to touch a record high of Rs 767.80 on BSE after the company released its mid-quarter business update. The company said that it expects the revenue and the operating margin for the current September-ended quarter to be meaningfully better than the top end of t

Oil mixed as storm threatens US gulf production

U.S. West Texas Intermediate (WTI) crude futures were up 9 cents, or 0.2%, at $37.42 a barrel by around 0050 GMT. Brent crude was down 3 cents at $39.80 a barrel.

2 Top Robinhood Stocks You Can Buy and Hold for a Decade

Long-term investing is the key to sustainable returns in the stock market.

Eurozone industrial production grows as recovery continues

The Eurozone’s factories fared slightly better in July than economists had expected, with industrial production growing 4.1 per cent.

Wall Street climbs on mega mergers, vaccine hopes

Wall Street's major indexes climbed on Monday on a boost from technology stocks while signs of progress in developing a COVID-19 vaccine and a ...

Embattled SoftBank renews talks on taking the group private: Report

The discussions are driven by frustrations over the persistent discount in SoftBank's equity valuation compared with the value of its individual holdings

Committed to follow Sebi's new norms on multi-cap MF schemes: Amfi

Industry body Amfi has said it is committed to follow market regulator Securities and Exchange Board of India's (Sebi) new regulation on multi-cap mutual fund schemes

Retail inflation eases to 6.69% in August

Retail inflation softened slightly to 6.69% in August, even as food prices continued to rule high, official data showed on Monday. Also read: WPI inflation rises 0.16% in August; food, manufactured it

Rate cuts beyond a point could be counter-productive: Report

They further said that lowering policy rates below 3.5% could be counterproductive and recommended an activist fiscal policy going forward.

A ‘reversal’ repo rate below 3.5% will harm the economy, says SBI’s Ecowrap report

The report calls for an ‘activist fiscal policy’

Wall Street climbs on mega mergers, vaccine hopes

Wall Street climbs on mega mergers, vaccine hopes

Can Best Buy Survive The Amazon Threat?

Best Buy’s stock has grown by a strong 113% (as of September 10) since the coronavirus low on March 23, pushing its market value close to $28 billion. Over the same time, Amazon’s stock has gained about 70% of its value and has literally dwarfed all of its retail competitors, with a valuation...

77-year-old IT entrepreneur's start-up hits IPO jackpot

Happiest Minds' shares were sold in a price range of Rs 165-166 ($2.3) apiece. Soota raised Rs 140 crore by selling part of his stake. The shares are likely to begin trading next

Consumer inflation at 6.69% in August, marginally lower than July figures

The improvement in the inflation reading was because of marginally easing food prices coupled with the gradual lifting of coronavirus-related restriction.

Embattled SoftBank renews talks on taking the group private: Report

SoftBank Group Corp executives are considering taking the Japanese technology group private as the company seeks a new strategy after disposing of ...

Asia shares rise as investors look ahead to Fed meeting

TOKYO — Asian shares rose Monday, despite the rollercoast ride that closed Wall Street last week, as traders awaited cues from the U.S. central bank expected later in the week.

Rupee rises 21 paise to 73.32 against US dollar in early trade

The rupee strengthened by 21 paise to 73.32 against the US dollar in opening trade supported by weak American currency and positive domestic equities

Nvidia deal for Arm could be ‘transformational,’ but many roadblocks lie ahead

Analysts worry about deal approval and pushback from current Arm licensees.

SoftBank executives revive talks on taking Japanese group private

Conglomerate looks at strategy after series of asset disposals, including the $40bn sale of Arm Holdings

Domestic Stocks Markets ended lower; Nifty IT outperformed the market, HCL Tech gained 10.60 pct

The domestic stock markets closed in a red on Monday, September 14, 2020, after the financials sector slipped in today’s trade.

This Adani Group share gained 1,230% in last one year; market cap near Rs 1 lakh crore

Adani Green Energy's market capitalisation rose to Rs 99,917 crore on Monday after the stock jumped 5 per cent in intraday trade to Rs 638.85 on BSE

Government to infuse Rs 20,000 crore in India's state-run banks

In April, Reuters reported that New Delhi had assured state banks that it is ready to provide capital support as the coronavirus pandemic may lead to a surge in bad loans as economic growth slows. The government has already pumped in Rs 3.5 lakh crore in the last five years to rescue its banks.

Monsoon session of Himachal Assembly: 42% increase in fiscal liabilities of state in 5 years, says CAG

The liabilities stood at 1.75 times the revenue receipts and 5.22 times the own revenue resources at the end of 2018-19, and were 36 per cent of the Gross State Domestic Product (GSDP), the report said.

Happiest Minds Technologies IPO: Share allotment today, here's how to check status

The Bengaluru-based company incorporated in 2011, plans to use the net proceeds from the fresh issue to meet long-term working capital requirement and general corporate purposes.

Macquarie's top share picks for the next phase of the recovery

Macquarie's top share picks for the next 12 months include potential vaccine beneficiaries Star Entertainment and SeaLink, as well as shipbuilder Austal.

SoftBank to Sell Chip Designer Arm to Nvidia in $40 Billion Deal

SoftBank Group Corp recently announced that it has agreed to sell its chip designer Arm Holdings to Nvidia Corp for up to $40 billion.

Markets Open Higher, Sensex Trades Above 39,000 Points

Benchmark indices were trading higher, as global cues were strong, particularly with the Asian markets trading higher and Dow Futures seeing gains of more than 1 per cent.

Monetary policy has limitations, govt should act more to revive economy: SBI economists

Using a formula, they estimated the "lower bound" of interest rates — below which the gains of rate cuts start reversing — at 3.5 per cent for India as against the Reserve Bank of India's (RBI) policy repo rate of 4 per cent.

Arm Founder: UK Could Be “Blocked from its Own Technology”

"Save Arm" Dr Hermann Hauser, a founder of the British chipmaker says a $40 billion sale to the US's NVIDIA could result in "American vassalage".

After Jio, global investors turn focus to Reliance Retail; Carlyle Group may pick up $2 bn stake in RRVL

American private equity group in its first investment in the Indian retail sector may buy stakes worth $2 billion in Mukesh Ambani-led Reliance Retail Ventures Ltd (RRVL), according to a report.

Explained: Why is Happiest Minds making waves in the primary market?

How was Happiest Minds Technologies IPO received by the investing public? Will all investors in the IPO get allotment? What’s the company doing?

Adani Green Energy Hits Upper Circuit; Market Cap Nears Rs 1 Trillion

On Monday, shares of Adani Green Energy Ltd were locked in 5 percent upper circuit at Rs 639.05 apiece on BSE after the company posted a robust consolidated net profit of Rs 21.75 crore for June quarter on the back of higher revenue. In comparison, it posted a net loss of Rs 97.44 crore in April-June 2020.

Fastly Could Sink in the Near-Term

Although Fastly has become a crucial tool in a socially-distanced world, FSLY stock is likely to stay under pressure in the coming weeks.

Gold likely to remain choppy amid uncertainty in equity markets: Kotak Securities

The general bias in gold may be on the upside the dollar could remain under pressure ahead of the Fed meeting later this week.

Committed to follow SEBI's new norms on multi-cap MF schemes: Amfi

'Given the flexibility now offered by Sebi to facilitate switch to other schemes or merger of schemes, the appropriate portfolio changes will accordingly happen in an orderly fashion,' the industry body said in a statement issued on late Sunday.

Nvidia buys ARM for $40 billion in deal that could change the tech world forever

ARM acquisition officially confirmed – assuming Nvidia gets regulatory approval.

Gold prices in India jump today, still 10% down from record high; global rates flat ahead of US Fed meet  

Gold prices hit a record high of Rs 56,191 per 10 gram in August this year, since then the yellow metal prices have corrected over 9 per cent.

Indian Oil Sees Petrol, Gasoil Sales At Pre-Pandemic Levels In First Half Of FY21

Indian Oil Corp, the country's top refiner, expects local demand for petrol and gasoil to reach pre-pandemic levels in the first half of next fiscal year beginning April 2021, Chairman SM Vaidya said on Monday. India, the world's third-biggest oil importer and consumer, has experienced a sharp decline in its fuel demand, mirroring a global trend following the coronavirus outbreak. India's fuel demand in August slipped further and saw its biggest monthly decline since April, while petroleum consumption during April-July witnessed a weak growth of nearly 22.5%.

Is Slack Stock a Buy?

Let's find out if the recent pullback in the stock is a buying opportunity for long-term investors.

‘HCL-T July-Sept. revenue may be higher than expected’

Growth in excess of 3.5% estimated due to ‘strong execution’

77-Year-Old Entrepreneur's Bengaluru-Based Start-Up Hits IPO Jackpot

Happiest Minds Technologies' IPO got bids for 3.51 billion shares versus the 23.3 million on offer, ranking it among India's most successful first-time share sales of this decade.

Buy the Dip in Exxon Mobil Stock Before It Climbs Back to $45

Exxon Mobil stock boasts a healthy dividend yeild and with effective cost control and liqudity management, expect the stock to bounce back.

A multi-problem rule from SEBI

Investors of multi-cap funds are in trouble, thanks to a new ruling from SEBI

Adani Green Energy shares locked in 5% upper circuit; firm's m-cap nears Rs 1 lakh crore

The stock rose after the company reported a standalone net profit of Rs 138 crore for the June quarter of FY21 against Rs 5.52 crore in the year-ago period.

3 Winning Stocks to Buy on the Dip

The Nasdaq took a hit lately, but that must means these stocks to buy on the dip are on sale. Get in before they go up again.

Indian Oil expects gas oil, petrol sales to reach pre-COVID levels in H1 FY21

India's fuel demand in August slipped further and saw its biggest monthly decline since April, while petroleum consumption during April-July witnessed a weak growth of nearly 22.5%

Nvidia and SoftBank are each winners in $40 billion deal for Arm Holdings

The impending sale of Arm Holdings to Nvidia Corp. for $40 billion could have wide-ranging implications for the global semiconductor industry, further...

Gulf's fiscal diet risks deeper pain amid oil price uncertainty

Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the ...

Stocks in focus: Vodafone Idea, SBI Card, IRCTC, Rail Vikas Nigam, Future Retail, PVR

A total of 446 companies including Future Retail, HUDCO, PVR, Apollo Hospitals Enterprises, Jaypee Infratech, MMTC, NBCC (India), PC Jeweller, Raymond, SAIL and SREI Infrastructure Finance are scheduled to announce their quarterly earnings today.

Starting A D2C Brand In India: Why Now Is The Right Time To Sell Online

Consumers are today choosing to purchase even the most essential of products from the safety of their own homes. For brands that are exploring the digital landscape for the first time, it’s the most opportune time to get discovered.

APAC Power Sector Could Attract $1.5 Tn in Investments by 2030: WoodMac

The latest report by research agency Wood Mackenzie shows that the power generation sector in the Asia Pacific (APAC) could attract USD 1.5 trillion worth of investments over the decade ending 2030. Solar and wind represent 66 percent or USD 1 trillion investment opportunity in the region through 2030, while fossil fuels, mainly coal and gas, make up the remaining USD 500 billion.

Aug WPI inflation rises to 0.16 percent from -0.58 percent in July

77-year-old entrepreneur Ashok Soota hits India IPO jackpot second time

Happiest Minds, which gets almost all of its revenue from digital services, is one of two IPOs this week to woo Indian investors.

Gordon Pape: These 4 ETFs are strong options for income investors during uncertain times

It’s time to focus on cash flow, safety and diversification

Rupee rises 21 paise to 73.32 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 93.19.

Five Below Stock Looks Attractive At $128

Despite a spectacular 140% rise since the March lows of this year, at the current price of around $128 per share, we believe Five Below’s stock, a teen-focused discount retail company, still looks attractive and it could offer more upside from the current levels. Five Below’s business lives up to...

HCL Tech and Infosys hit record high in trade

IT index top sectoral gainer in the trade as HCL Tech revised Q2 guidance upwards; Infosys announced the acquisition of GuideVision.

OPEC: 2020 world oil demand to decline by 9.46 million bpd

World oil demand in 2020 is expected to fall by 9.46 million barrels per day (bpd), the Organization of the Petroleum Exporting Countries (OPEC) said

Stocks making the biggest moves midday: Oracle, Nvidia, Immunomedics, Overstock & more

Oracle, Nvidia and Immunomedics were all up on dealmaking news. Overstock got a boost after an analyst upgrade.

Gold price today at Rs 54,390 per 10 gm, silver trends at Rs 67,900 a kg

In New Delhi, the price of 22-carat gold remained at Rs 49,860 per 10 gm, and in Chennai, it jumped to Rs 48,910

DAILY VOICE | If US equities fall due to elections, Indian market may correct 5-7%: BNP Paribas' Amit Shah

We do expect another stimulus to come through, and this one should be more from the fiscal perspective, although the timing and the quantum both remain unpredictable.

Carlyle, SoftBank put on hold for Reliance Retail stake sale

Given the strong investor demand for Reliance Retail, Carlyle Group Inc and SoftBank Group Corp proposals to buy stake in billionaire Mukesh Ambani-led company have been put onto a waiting list

NVIDIA to acquire Arm from SoftBank for $40 billion

The purchase will see NVIDIA leveraging Arm's CPUs and expanding the Cambridge-based headquarters with an AI supercomputer.

4 Unstoppable Stocks to Buy With $2,500

It's easy to build wealth when you own top-notch stocks like these.

Rupee rises against US dollar in early trade

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.15% to 93.19.

Rupee rises 21 paise to 73.32 against US dollar in early trade

At the interbank forex market, the domestic unit opened at 73.40 against the US dollar, gained further ground to touch 73.32 against the US dollar, registering a rise of 21 paise over its previous close.

Green shoots in agriculture a promising sign

The agriculture sector has shown resilience by registering a growth of 3.4 per cent in the first quarter of the current financial year which is 0.4 per cent higher than the quarter last year.

HCL Technologies shares jump 7% to hit 52-week high on strong Q2 update

The IT firm sees constant currency growth of over 3.5 percent QoQ and margin of 20.5-21 percent. It expects revenue and margin to be meaningfully better than the top end of the guidance.

Adani Green hits new high post Q1 results; market-cap nears Rs 1-trillion

The Adani Group company's stock has rallied 1,173 per cent in a year

Market Highlights: Sensex ends 470 pts down from day’s high, Nifty below 11,450; HCL tech gains 10%, Airtel falls

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty gave up all gains slipping into the red during the day. Banks stocks along with RIL pulled the equity markets lower.

Nvidia’s RTX 30 Launch Is a Positive Game-Changer

NVDA stock will benefit from the game-changing refresh of the GeForce, with the RTX 30 product release

Indian government to infuse $2.72 billion in state-run banks

Indian government to infuse $2.72 billion in state-run banks

Chart Of The Day: NASDAQ 100 On A Knife's Edge

Stocks Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: Nasdaq 100, Oracle Corporation, Pfizer Inc, NASDAQ Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article o

Sensex, Nifty Likely To Have A Firm Start

The domestic stock markets are likely to open in the green, following positive Asian cues, as hopes of a coronavirus vaccine have been rekindled across the world.

Stocks Charge Higher on M&A News and Vaccine Progress

Stocks were rising Monday amid a flurry of mergers and acquisitions news and signs of progress on a coronavirus vaccine.

Concerns rise on banks’ CRR as COVID-19 impact on businesses bites

Amid the devastating effects of COVID-19 on businesses, commercial banks currently have the issues of Cash Reserve Ratio (CRR) obligations to grapple with.

COVID-19: Awful economic numbers of business' Q2 already 'ancient history'

This week's GDP figures are due out on Thursday.

Top 5 Things to Know in the Market on Monday, September 14th

Top 5 Things to Know in the Market on Monday, September 14th

3 Stocks for Beginners to Base a Portfolio On

The best stocks to buy for beginners are those of successful, well-established companies with simple products and lacking significant threats.

August WPI up 0.16%, turning positive for the first time after March

Wholesale price index (WPI) inflation rose to 0.16% in August from a 0.58% contraction in July as inflation for manufactured items advanced to 1.27% from 0.51% from the trailing month, data released by the commerce and industry ministry showed on Monday.

Avoid General Electric Amid the Current Stock Market Dip

GE stock doesn't have the fundamentals or the technicals to justify a long position. Ignore this name for now, even amid a marketwide dip.

Ambani Puts Carlyle, SoftBank on Waiting List for Reliance Retail Stakes

Investor demand for Reliance Industries Ltd.’s retail business is so strong that these companies are on a waiting list.

WPI Inflation Turns Positive In August As Prices Begins To Soar

Indias wholesale price index (WPI) inflation for the month of August turned positive after a gap of four months. With lockdown easing, producers have begun to command pricing power in the otherwise disrupted market. As per the data released by the industry department today, WPI inflation for August came in at 0.16% a

GST REVENUES crash 25% for 26 states

According to the details shared by the Minister of State for Finance Anurag Singh Thakur in Lok Sabha, states such as Mizoram and Goa are staring at the widest shortfall of nearly 43 per cent in the comparable period

Deloitte India sees consolidation in retail space, says non-essential retail growth will revive only after December

Retailers who do not adopt effective omni-channel models and provide a differentiating consumer experience are likely to face either consolidation or failure, says Anand Ramanathan, Partner, Deloitte India

August WPI rises to 0.16% as food items, manufactured goods get costlier

WPI August Food Index increased to 153.3 from 152.0 in July

Sensex Gains Close To 1%: Here's Why

In Mondays trade buoyed by news on the Covid 19 front, Asian markets started on a positive note and in line benchmark indices started the trade off with a positive start with Sensex above 39000 points. At 11:40 am, the Sensex traded with gains of 0.84% or 326 points at 39181, while Nifty was also led higher by 0.81%

CAMS IPO may open on Sept 21; here's all you need to know

The price band could be in the range of Rs 1,100-1,200 per share. The shares will have a face value of Rs 10 per share. CAMS will not receive the IPO proceeds as this is an offer-for-sale and not a fresh issue

Gulf nation's fiscal diet risks deeper pain amid oil price uncertainty

Brent prices have rebounded since plunging to a more than 20-year low in April, but at just over $40 per barrel, they are significantly below what most Gulf states would need to balance their budgets

Worst year for South African bank stocks offers glimmers of hope

There are signs that sentiment may be turning for the better.

US stocks jump but FTSE 100 stalls amid dealmaking frenzy

US stocks jumped but the FTSE 100 fell as investors digested a set of high-profile deals that would change the global corporate landscape.

State borrowings within FRBM limits: Harish Rao

Minister ridiculed the Centre's restrictions imposed on States for borrowing up to five per cent of the GSDP

Nvidia seals $40bn deal for SoftBank’s Arm

Britain set to impose strict terms including protection of jobs and maintaining UK headquarters

11,550-11,650 to act as immediate hurdles: Sameet Chavan of Angel Broking

On the lower side, 11,350-11,200 would be seen as a key support zone

Why is the stock market rising amid economic slowdown? A portfolio manager decodes

The first quarter numbers announced by the companies in India show drop in sales, but their profitability is still quite strong

Investors need to prepare for a new Age of Disorder. Plus, ETF picks for income investors and a guide for uncertain markets

A roundup of investment ideas for active investors

Time to exhale: Banks are – more or less – withstanding the coronavirus shock

At the start of the coronavirus pandemic, one of the biggest corporate worries was whether SA’s banking system could withstand the enormous shock that an economic lockdown would present. With the interim or final results of all the major banks now out, the answer to that question is in: the doomsday scenario has been averted. Big relief. But the future is still cloudy.

Top midcap, smallcap gainers: These stocks rally up to 20% today, beat Sensex, Nifty

S&P BSE SmallCap jumped as much as 4.29 per cent to 15,184.11, which is a fresh 52-week high level. In March this year, the SmallCap index plunged to an all-time low of 8622.25.

Dow surges 300 points as Apple leads tech rebound

Stocks rose amid a slew of corporate dealmaking activity as the market tried to recover from its first back-to-back weekly declines in months.

After Silver Lake, now Carlyle Group eyes a stake in Reliance's retail arm

If a deal is finalised, it will be Carlyle’s 1st investment in India's retail sector

RIL and its partly-paid up stocks hit new highs; overall m-cap tops Rs 16.5 lakh crore

On September 10, RIL became the first Indian company to surpass a market capitalisation of $200 billion. The oil-to-telecom conglomerate now ranks 44th in terms of valuations globally.

HCL Tech Soars To Record High After IT Major Raises September Quarter Revenue Outlook

HCL Technologies (HCL Tech) said it expects its revenue and operating "to be meaningfully better than the top end" of the guidance provided in July 2020.

Examining the different types of stocks

The ups and downs of the stock market can be downright exhilarating — or terrifying, depending on who you are. There’s a reason so many people refer to the capricious stock market as a roller coaster ride.

RBI Likely To Hold Repo Rate In October Policy Meet: Experts

August's retail inflation, at 6.69%, was lower than the 6.85% forecast in a Reuters poll of analysts and the 6.73% registered in July.

These 2 Robinhood Stocks Are Absurdly Cheap Right Now

These companies are positioned for a massive recovery over the long term.

Gold prices flat as vaccine hopes lift equities; focus shifts to Fed meet

Gold prices were flat as investors maintained a cautious approach ahead of Fed's policy decision this week and as optimism around a potential Covid-19 vaccine lifted appetite for riskier assets

A&M’s Q2 2020 Saudi Arabia banking pulse suggests subdued profitability outlook

A&M’s Q2 2020 Saudi Arabia banking pulse suggests subdued profitability outlook

Brazil’s XP Joins No-Fee Trading Craze as Rivals Race to Bottom

Brazilian financial services platform XP Inc XP.O is ending brokerage fees for stocks trading on its online platform Rico, which is focused on stock transactions.

South African investors expect better returns – despite economic shock

Despite a historic decline in GDP for the second quarter of 2020, economists at the Bureau for Economic Research (BER) have noted a spike in the local equities market – a sign that perhaps investors believe South Africa’s economic environment can only improve.

Are There Any Green Shoots Sprouting In The NZ Economy?

Summary

REIT ETFs: Better Way To Gain Exposure To Surging U.S. Real Estate Market

Stocks Analysis by Investing.com (Tezcan Gecgil/Investing.com) covering: Prologis Inc, American Tower Corp, Simon Property Group Inc, Equinix Inc. Read Investing.com (Tezcan Gecgil/Investing.com)'s la

South Africa’s economy likely worse than forecast: Mboweni

Finance minister Tito Mboweni says that South Africa’s second-quarter contraction in GDP  is larger than expected by both the National Treasury and the Reserve Bank, which raises the risk that the actual GDP outcome for 2020 could be lower than previously thought by policymakers as well as the broader market.

Reliance Industries rating: Hold — Deal could start off another round of investments

PE investment in line with intent to induct partners in retail business; no major catalysts visible over next six months; ‘Hold’ retained

After This Latest Pullback, Adobe Stock Is a Solid Buy Ahead of Earnings

I’d like to see the ADBE stock revisit its recent high of $536.88. All given high demand for its products, and on potentially strong earnings.

Stocks to watch: YES Bank, UCO Bank, HCL Tech, PVR, SAIL, Vodafone Idea

Here's a list of stocks that may trade actively in today's trading session.

ASX advances 0.7 per cent as miners charge ahead

Australian shares advanced at the start of the week, helped by a push into the mining sector, as technology stocks further declined.

PTON Stock Price: Peloton declines to close out volatile week after hitting all-time highs

NASDAQ:PTON continues to hit its stride as the at-home fitness company rolled over Wall Street estimates at its recent earnings call. Peloton crushed

Wholesale inflation rate rises to 0.16% in August

The annual rate of inflation based on wholesale price index (WPI) increased to 0.16% in August as compared to 1.17% in the corresponding month of the previous year, the government said on Monday.

Rethink of wealth management with paradigm shift

Although its origin is debated, the first use of the term "paradigm shift" apparently occurred in the 1960s. A paradigm shift can be defined as a...

Tech's Bubble of Calm Is Likely to Prove Brief

The surge in options trading suggests there are more shoes to drop.

Gold flat as vaccine hopes lift equities; focus shifts to Fed meet

Spot gold was mostly unchanged at $1,941.11 per ounce by 0042 GMT.U.S. gold futures were also steady at $1,948.30.

Stocks making the biggest moves premarket: Nvidia, Oracle, Immunomedics, Delta, Nikola & more

Nvidia, Oracle and Immunomedics all surged on dealmaking activity. Delta backs new debt with its frequent flyer program.

Can A D2C Brand Be Retail-First? How Forbidden Foods Is Playing The New-Age FMCG Game

It’s India’s D2C moment, and more and more brands are realising the power of going directly to the consumer. For some brands though, the D2C route is not possible to sustain in the initial run, due to challenges ranging from regulations to the retail stranglehold on certain categories. But yet, these new-age technology-led companies are D2C in nature thanks to the ethos and brand identity espoused.

Indiabulls Housing raises Rs 1,205 cr via QIP, stake sale in OakNorth

The non-banking finance company (NBFC) has raised Rs 682.87 crore through the QIP and Rs 522 crore from the partial stake sale

Oracle, Nvidia Rise Premarket; Gilead Drops

Oracle, Nvidia Rise Premarket; Gilead Drops

The V-shaped recovery marches on

Large swaths of the global economy are exhibiting traditional signs of a V-shaped recovery from the pandemic-induced collapse this spring. The monthly indicators for many countries show vigorous rebounds in June and July, with 10-15% projected growth in real (inflation-adjusted) GDP in the third quarter, all else being equal.

Models Now Suggest This Factor Could Beat The Market By 8% A Year

Models are showing that the value factor could be set for a strong run, could it happen?

How to trade Stocks in Nigeria? A beginners’ guide

The trend of stock trading has been steadily picking up throughout the world since the advent of electronic trading in 1970. In the past decade, there has been increased participation of the millennials in the Stock market through online trading apps like Robinhood and E-Trade which has given boost to trading figures. Nigeria too has […]

Mutual Funds: Check out multi-asset allocation funds 

Multi asset allocation funds invest in equity, debt and gold which help cushion the risks associated with investing in just one asset class

Buy Or Fear Delta Airlines Stock?

In Delta Airlines stock we see more buying opportunity than a reason to fear. Specifically, there is about 80% upside potential if the stock recovers from $32 currently to its pre-crisis levels of $59. We provide an overview of why we think Delta should outperform by looking at its relative...

Greencoat Renewables ‘largely unaffected’ by Covid-19 pandemic

Dublin-listed energy investor operating profit €16.6 million, down from 2019

Rupee opens 13 paise up at 73.40 against dollar

For the day, brokerage Motilal Oswal Financial Services expects USDINR (Spot) to quote in the range of 73.20 and 73.80.

Nio Is Worth the Hype, But Wait for a Pullback

A steller quarter and favorable tailwinds is pushing Nio stock higher, but investors should wait for shares to cool off before loading up.

Oil Edges Higher Ahead of OPEC+ Meeting With Demand in Focus

Oil prices last week had slipped to the lowest since mid-June.

Hot Stocks | Here's why Adani Ports and Wipro are a buy for short-term

As far as levels are concerned, 11,550-11,650 are likely to act as immediate hurdles; whereas on the lower side, 11,350-11,200 would work as a key support zone.

AUM growth of small finance banks projected to more than halve in FY2021: ICRA

These banks may also need external capital to manage Covid impact and ensure regulatory compliance in stake holding

7 Must-Knows of Stock Market Crashes and Corrections

If you have a long time horizon, crashes and corrections are a blessing in disguise.

Grow Your Account with a Position in GrowGeneration

Record financial results and a "green zone" acquisition make GrowGeneration stock a strong buy

Some Thoughts On NVIDIA Acquiring Arm

What will define the success of the merger and NVIDIA’s future is whether or not Jensen can expand his team, provide strong experience for future leaders, and create a succession plan that employees, investors, and other stakeholders can support.

Rebooting Economy XXVII: Fiscal mismanagement threatens India's economic recovery

Not only India's relief packages are grossly inadequate it is not even spending enough to revive demand in the crisis-hit economy; what is needed is clear: more fiscal spending, not "keeping the power dry" for future stimulus or unrealistic claim of a V-shaped recovery

European stocks climb on vaccine hopes and M&A action

European stocks and U.S. equity futures are climbing as investors get optimistic over vaccine possibilities to fight the COVID-19 pandemic.

European Stocks Seen Higher Amid Fresh Vaccine Hopes

European Stocks Seen Higher Amid Fresh Vaccine Hopes

Pay U-backed Dot launches ‘Digital Dukaan’ adding to the dukaan tech frenzy

Dot launches an app called ‘Digital Dukaan' to businesses, commercial establishments, as well as any homepreneur to launch a digital store

IQ becomes sole owner of QAFCO, the world’s largest single-site urea producer

Industries Qatar (IQ) yesterday held its Extraordinary General Assembly and got approval for all the items on the agenda of the meeting, including the shareholders’ nod for IQ’s proposed purchase of Qatar Petroleum’s 25 percent stake in the share capital of Qatar Fertilizer Company (QAFCO) for a purchase consideration of $1.0bn. 

Pakistan’s economy revs up as Covid-19 cases ease up

Analysts expect 5% growth this year, more than double the government target of 2.1%

ByteDance drops TikTok's US sale, to partner with Oracle: sources

ByteDance abandoned the sale of TikTok in the United States on Sunday to pursue a partnership with Oracle Corp that it hopes will spare it a US ban while appeasing China's government, people familiar with the matter told Reuters.

ByteDance picks Oracle as partner in bid to save TikTok in US

Oracle beat Microsoft in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale to try to navigate geopolitical tensions between Beijing and Washin…

ByteDance drops TikTok’s US sale for partnership with Oracle

ByteDance abandoned the sale of TikTok in the US on Sunday to pursue a partnership with Oracle that it hopes will spare it a US ban while appeasing China's government, people familiar with the matter said.

ByteDance picks Oracle as partner to try to save TikTok US: sources

Oracle beat Microsoft in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale to try to ...

Oracle chosen by Chinese company to save TikTok in United States

Officials are concerned user information could be passed to China's government.

Oracle to take charge of TikTok's US biz; may help ByteDance avoid ban

Microsoft announced Sunday that its bid to buy TikTok has been rejected

Larry Ellison's Oracle wins bid to buy TikTok's US operation after the Chinese app rejected Microsoft bid at 11th hour

Computer software company Oracle has won the bidding for Chinese app TikTok's US operations and will become a 'trusted partner,' a source told the Wall Street Journal Sunday.

Oracle Wins Deal For TikTok US Business, Microsoft’s Bid Rejected 

Bytedance, the Chinese owner of TikTok, has chosen Cloud major Oracle over Microsoft to run its US operations as a 'trusted tech partner', multiple media reports revealed on Monday while an official announcement was still awaited.

ByteDance picks Oracle as partner - sources

ByteDance has abandoned the sale of TikTok in the US to pursue a partnership with Oracle that it hopes will spare it a US ban while appeasing China, people familiar with the matter told Reuters.

TikTok: ByteDance to partner with Oracle as Microsoft's bid is rejected

ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp that it hopes will spare it a US ban while appeasing China's government.

TikTok picks Oracle over Microsoft in Trump-forced sales bid

The moves comes a week before Donald Trump’s threatened ban on the app in the US.

TikTok owner to partner with Oracle in hopes of stopping threatened U.S. ban

The Trump administration said it would ban TikTok by Sept. 20 and ordered ByteDance to sell its U.S. business, claiming national-security risks due to its Chinese ownership

TikTok picks Oracle over Microsoft in Trump-forced sales bid

The moves comes a week before Donald Trump’s threatened ban on the app in the US.

ByteDance drops sale of TikTok US but picks Oracle as partner: Sources

NEW YORK: Oracle beat Microsoft in the battle for the US arm of TikTok with a deal structured as a partnership rather than an outright sale to try ...

TikTok Seeks Oracle ‘Partnership’ to get Round Trump Ban as Microsoft Talks End

A new TikTok Oracle partnership to keep Donald Trump and Chinese Government happy could be on the cards after talks with Microsoft ended.

Oracle wins bidding war for TikTok’s US operations

ByteDance rejects Microsoft’s offer for Chinese-owned video app ahead of Trump deadline

US government confirms receiving Oracle bid for TikTok

Ahead of a deadline set by President Donald Trump over video sharing app TikTok, Washington officials will evaluate a bid that could see US tech giant Oracle become a partner to a Chinese company that ...

ByteDance picks Oracle as partner to try to save TikTok US - sources

Oracle beat Microsoft in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale to try to ...

ByteDance drops TikTok's U.S. sale, to partner with Oracle: sources

ByteDance drops TikTok's U.S. sale, to partner with Oracle: sources

Oracle outsmarts Microsoft for TikTok’s US operations: Report

Chinese short video app TikTok owner ByteDance told the US tech giant it wouldn't be selling to the company, Microsoft announced in a Sunday blog post.

ByteDance drops TikTok's US sale, to partner with Oracle

Microsoft reveals sale scuttled.

Oracle wins deal for TikTok US biz, Microsoft's bid rejected

San Francisco: Bytedance, the Chinese owner of TikTok, has chosen Cloud major Oracle over Microsoft to run its US operations as a 'trusted tech partner, multiple media reports revealed on Monday...

Oracle Prevails as TikTok's US Tech Partner Days Before Deadline Ban—Not an Outright Sale According to ByteDance; Microsoft Bids Farewell

Oracle looks to be the US-TikTok Tech Partner for ByteDance with Microsoft being rejected. ByteDance says its not actual sale—Will this appeal to Government?

TikTok’s rejects Microsoft’s bid, picks Oracle to manage US operations

TikTok’s Chinese parent company ByteDance has reportedly chosen Oracle as a “technology partner” for its US operations.

TikTok picks Oracle over Microsoft in Trump-forced sales bid

The moves comes a week before Donald Trump’s threatened ban on the app in the US.

Microsoft rejected, Oracle wins bid for TikTok’s US operations

Microsoft’s bid to purchase TikTok’s US operations was rejected, the company announced Sunday, with Oracle reportedly winning the bid to help run the popular social media app in the states. The

Oracle Wins Deal For TikTok US Biz

Microsoft has revealed that its bid for TikTok operations in the US was rejected, leaving the other front-runner Oracle to be the likely winner even as an official announcement is awaited.

Oracle wins bidding war for TikTok’s US operations

ByteDance is said to have reached a preliminary 'technical partnership' deal with Oracle – that does not include a full sale – for TikTok's operations.

Oracle wins bid for TikTok in US after Microsoft offer rejected

ByteDance reaches partnership agreement for Chinese-owned video app ahead of Trump deadline

TikTok rejects Microsoft buyout offer, Oracle sole remaining bidder

US tech giant Microsoft said Sunday its offer to buy TikTok was rejected, leaving Oracle as the sole remaining bidder ahead of a looming deadline for the Chinese-owned video app to sell or shut down

It looks like TikTok isn't selling off its US operations at all. Now, its US future hangs on whether Trump walks back his threat to ban the app.

ByteDance CEO Zhang Yiming. VCG/VCG via Getty Images TikTok's parent company ByteDance won't be selling off TikTok's US operations after all, Reuters

TikTok likely to nail compromised sale deal or choose a 'multi-party' loss situation: experts

As the deadline set by the Trump executive order threatening closure of Chinese video-sharing platform TikTok draws close, it is likely that TikTok's Chinese owner ByteDance would choose partnership or partial sale to a US firm instead of a wrapped-up buyout including its core algorithm technologies, experts told the Global Times on Monday.

TikTok may outmaneuver Trump and avoid selling its US operations

Reuters reported Monday that ByteDance is trying to set up a partnership whereby tech giant Oracle manages TikTok's US user data.

Oracle stock surges after it confirms deal with TikTok-owner ByteDance

Microsoft announced that ByteDance has decided not to sell it TikTok's U.S. assets

ByteDance Not To Sell TikTok’s US Operations To Oracle: CGTN

In an interesting development, ByteDance has reportedly said it will neither sell TikTok's US operations to Oracle nor give the source code to any US buyers, state-owned China Global Television Network (CGTN) reported on Monday.

TikTok owner ByteDance rejected Microsoft's bid for the app's US operations, Oracle reportedly chosen as US 'technology partner'

Several news outlets reported ByteDance has named Oracle as its US "technology partner," though the company's bid has not yet been publicly accepted.

ByteDance Approves Oracle Bid to Take Over TikTok's US Operations

Microsoft's offer to take over U.S. operations of TikTok has been rejected by its parent company, ByteDance.

TikTok owner ByteDance rejected Microsoft's bid for the app's US operations, Oracle reportedly chosen as US 'technology partner'

Lionel Bonaventure/Getty Images Microsoft announced Sunday that TikTok owner ByteDance rejected the company's bid to acquire the US operations of the

TikTok Sale: ByteDance Rejects Microsoft Bid, Partners With Oracle | Hollywood Reporter

The Beijin-based tech giant has submitted a proposal to Treasury Secretary Steve Mnuchin that includes Oracle as its chosen technology partner.

TikTok picks Oracle over Microsoft as preferred US buyer

The move comes a week before Donald Trump’s threatened ban of the app in the US.

Oracle Wins Deal for TikTok’s U.S. Operations

Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected.

Trump administration to review Oracle’s TikTok deal this week

Panel will recommend whether to approve ‘technical partnership’ with China’s ByteDance

Walmart still interested in TikTok deal despite Microsoft’s rejection

Walmart says it is still pursuing a deal with TikTok even though its bidding partner, Microsoft, is out of the race to acquire the popular app. America’s biggest retailer confirmed its continued

Oracle confirms deal with TikTok-owner ByteDance to become 'trusted technology provider'

The deal could make Oracle a bigger force in advertising and make it more relevant to young consumers.

ByteDance picks Oracle as its ‘trusted tech partner:’ report

Enterprise software giant Oracle has reportedly won the a deal to manage TikTok’s U.S. operations, according to the Wall Street Journal.

Oracle To Partner With TikTok To Run US Operations As Microsoft Bid Flops

Oracle has won a deal that will see it manage TikTok's US operations. The Wall Street Journal has reported that the company has been selected as a 'trusted tech partner' as opposed to acquiring the co

Oracle confirms TikTok deal - but it may not be quite what you were expecting

Software giant Oracle will become ‘trusted technology partner’ of TikTok.

Microsoft's offer to buy TikTok rejected - Technology & Health

Report says TikTok's owner has picked a consortium led by Oracle Corp. for a deal for the app's US operations.

Oracle Apparent TikTok Winner After Microsoft's Bid Rejected

The deal on the table is said to be more of a partnership than an outright sale, however.

Oracle reportedly wins deal for TikTok’s US operations as ‘trusted tech partner’

Oracle’s deal comes hours after Microsoft’s failed attempt

Walmart says it's still in talks with TikTok as an Oracle deal moves forward

Walmart, which had been working with Microsoft on a TikTok bid, says it's still interested in investing in the video app.

Oracle to take control of TikTok US operations

Oracle beat Microsoft to secure a deal covering the US operations of ByteDance’s TikTok social ...

TikTok Picks Up Oracle, Rejects Microsoft

After US President Donald Trump signed an executive order to block 'Tik Tok', owned by ByteDance, Am

Oracle Wins Bid To Manage US TikTok Operations

Oracle has won a deal to manage TikTok US cloud operations which puts an end to the battle for the Chinese company's assets on US soil.

Oracle Wins Bid To Manage US TikTok Operations

Oracle has won a deal to manage TikTok US cloud operations which puts an end to the battle for the Chinese company's assets on US soil.

ByteDance chooses Oracle as 'trusted tech partner,' rejects bid from Microsoft - report

Byte has rejected Microsoft’s offer for its TikTok operations in the US and reportedly chosen Oracle as its “trusted tech partner.” The report, put out by the Wall Street Journal, came a few hours after Microsoft announced its bid had been denied, but added that the deal is not likely to be structured as an outright sale. It is also not yet known if the agreement with Oracle includes the transfer of TikTok algorithms. 

Microsoft won’t buy TikTok; Oracle will become be the app’s ‘partner’ (Updated)

Oracle confirmed it will be TikTok's "trusted technology provider" in a deal that must be approved by the U.S. government.

ByteDance picks Oracle as winning bidder for TikTok's US operations, says source

NEW YORK, Sept 14 — China's ByteDance has picked a consortium led by Oracle Corp for a deal for the US operations of short-video app TikTok, beating out rival bidder Microsoft Corp, a person familiar with the matter said yesterday. ByteDance has been in talks to sell TikTok's US busines to...

Oracle Gamble Pays Off As Shares Surge Amid Reports Of TikTok Preferred Partnership Deal, WH Review

The Redwood City-based software company saw huge gains in it stocks and shares on Monday following news of a major deal struck with the popular Chinese social media...

Oracle beats Microsoft to buy US operations of TikTok

ByteDance turned down Microsoft’s previous bid to buy TikTok’s US assets. A deal with Oracle is narrower, appearing more like corporate restructuring.

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Asia-Pacific (APAC) Level Sensors Industry Report 2017-2030 by Goldstein Market Intelligence

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Wealthy individuals’ money mistakes are typically the result of an overconfidence developed through years of success in their professional life. While a healthy dose of self-assurance will help in achieving initial financial success, it can also be a hindrance to managing that wealth in retirement.

Powering Intelligent Data Processing For Retailers

As we accept that “going back to normal” is unlikely in this new world we live in, retailers must adapt to the change that comes with the unprecedented future.

How To Consider A Portfolio Career For The New Normal In 2020

With opportunities dwindling or merely disappearing in 2020 and a renewed interest in achieving more optimal work-life balance, building a portfolio career may seem like a viable option.

Bringing balance to your investments

Balancing your savings between different types of investments is key to achieving your goals

Marketing in a crisis: Top tech bosses on how to build a brand through Covid-19

Ahead of the Festival of Marketing next month, City A.M. spoke to CMOs at three top tech firms about how they adapted to the Covid-19 crisis.

Digital transformation will drive competitive motor insurance premiums

Digital transformation will drive competitive motor insurance premiums

What is Marketing Automation Software & Market Overview ?

Marketing automation software systematizes marketing responsibilities, restructures marketing workflows, and assesses the consequences of marketing operations. The software offers a centralized marketing database for all marketing-related data and communications, allowing marketers to build categorized, customized, and appropriate marketing experiences for customers or prospects. These platforms also offer automation features across numerous facets of marketing including email, […]

Indian commodity warehousing industry has come of age, says SLCM's Sandeep Sabharwal

In a country like India where post-harvest losses are pegged at 10 percent, SLCM has been instrumental in devising a technology that has cut post-harvest losses to 0.5 percent irrespective of infrastructure, crop, or geographic location, says the CEO

This Energy Company Leads With Compassion While Pressing Forward With Transformation

Meeting customer needs and protecting employees has been the top priority at SDG&E. At the same time the utilities provider is pressing ahead with digital transformation

The three big pressures facing CFOs

Finance professionals are catching on to the potential of emerging technologies, especially cloud services that can be easily deployed, adapted and managed.

How emerging technology is paving the path to financial leadership

The fundamental nature of finance is changing. Increasing data volumes and the faster pace of business means that CFOs and other senior financial decision-makers have less time to implement changes in their organisations or to monitor competitors. That is, unless they use technology to power decision-making.

Mortgage 'vacation' ending - It's Your Money

The six-month “vacation” that many Canadians took from their mortgage and other debt obligations is coming to an end.

Tech Must Work Across Borders to Help Aviation: Virgin Atlantic CIO

Virgin Atlantic CIO Ash Jokhoo says technology that works across borders will play a key role in aviation's recovery from the Covid-19 pandemic.

COVID-19 Has Affected Shopping Habits on Safety Concerns: Report

"No matter what unseen catastrophe retailers are going through, the businesses and business owners need to be flexible and agile enough to incorporate changes in their behaviour, operations and management, in order to evolve for the better," it said. 🛍️ COVID-19 Has Affected Shopping Habits on Safety Concerns: Report.

Pandemic freight emissions reached 2030 target in just months. How do we make the changes stick?

The pandemic left a visible imprint on car, bus and bicycle use—and at its height brought about cleaner city air—but it also disrupted another, less obvious but highly polluting sector: freight transport. ...

Want Your Business To Grow Overnight? Follow These Steps!

Ever wondered about the possibility of an increase in the business’s overall sales reach? Many businesses whether small scaled or large, fail to breathe in th

Collaboration works better in the office, says Google chief

Google may be at the forefront of enabling people to work from home, but it warns remote working in the long term will be detrimental to company culture.

Centrelink Is Resuming Asset Testing From Next Week, So You Might Wanna Check Yr Eligibility

The asset test for Centrelink payments including JobSeeker and Youth Allowance resumes next week, which means your payments could change.

Hello? Can You Feel Me Now?

Virtual Connections and Workplace Engagement in the Current Wave of COVID

Despite Sebi clarification, demand for small & midcaps will rise: Sunil Subramaniam

Even after Sebi clarification, some of the multicaps will remain in the new frame and hence the demand for small and midcap stocks will rise a bit.

Luckin Coffee Broke a Sacred Trust with Investors

There’s a fundamental reason why you should avoid Luckin stock: once you lose trust, it’s very difficult to regain it.

Google's lifetime net carbon footprint now zero, says Sundar Pichai

Sundar Pichai said that Google has eliminated its entire carbon legacy -- covering all its operational emissions before it became carbon neutral in 2007 -- through the purchase of carbon offsets

Google’s lifetime net carbon footprint now zero: Sundar Pichai

New Delhi, Sep 14 (IANS) Alphabet and Google CEO Sundar Pichai on Monday declared that the company has eliminated its entire carbon legacy — covering all its operational emissions before it became carbon neutral in 2007 — through the purchase of high-quality carbon offsets. It means that Google’s lifetime net[Read More...]

Google aims to run on carbon-free energy by 2030

Alphabet's Google aims to power its data centers and offices 24-7 using solely carbon-free electricity by 2030, its chief executive told Reuters, building on its previous goal of matching its energy use with 100% renewable energy.

Google aims to run on carbon-free energy by 2030

Alphabet Inc’s Google aims to power its data centers and offices 24-7 using solely carbon-free electricity by 2030, its chief executive told Reuters, building on its previous goal of matching its energy use with 100% renewable energy.

Google aims to use only renewable power by 2030

Google aims to power its data centres and offices solely with renewable energy by 2030, its CEO said, becoming the biggest company in the world to commit to ditching coal and natural gas power.

Google announced one of the biggest green pledges from tech yet

The tech giant will do more than offset its emissions

Google aims to run on carbon-free energy by 2030

OAKLAND, Calif. – Alphabet Inc’s Google aims to power its data centers and offices 24-7 using solely carbon-free electricity by 2030, its chief executive told Reuters, building on its

Google sets unprecedented goal to tap only renewable power by 2030

Google sets unprecedented goal to tap only renewable power by 2030

Google sets unprecedented goal to tap only renewable power by 2030

The

Google aims to run on carbon-free energy by 2030

OAKLAND, California: Alphabet Inc's Google aims to power its data centers and offices solely with renewable energy by 2030, its chief executive told Reuters, becoming the biggest company in the world to commit to ditching coal and natural gas power.

Google reduces entire carbon footprint to zero

Google has said it has now reduced its entire carbon footprint to zero, after using "high-quality carbon offsets" to wipe out its legacy.

Our third decade of climate action: Realizing a carbon-free future

Sustainability has been a core value for Google since our founding. Now we're going further to help build a carbon-free future for everyone.

Google pledges to tap only renewable sources of energy by the next decade

By 2030, Google has pledged to shift all its data centers and offices to renewable sources of energy under a plan dubbed "Stretch Goal". It will ditch oil and gas-based power completely.

Google has offset all the carbon it has ever produced, says CEO Sundar Pichai

Google said it is the first major firm to offset its historical carbon emissions. It will run on carbon-free energy by 2030, CEO Sundar Pichai said.

Google ‘eliminates carbon legacy' as it announces new clean energy plans

The technology giant has also pledged to run its entire business on carbon-free energy by 2030.

Google has offset all the carbon it has ever produced, says CEO Sundar Pichai

Google's CEO Sundar Pichai. Justin Sullivan /Getty Images Google says it has offset all of its historical carbon emissions. Sundar Pichai,

Google ‘eliminates carbon legacy’ as it announces new clean energy plans

The technology giant has also pledged to run its entire business on carbon-free energy by 2030.

Google says it offset all of the emissions it has ever generated

Google eliminates its 'entire carbon legacy' and plans to use only clean energy by 2030.

Google ‘eliminates carbon legacy’ as it announces new clean energy plans

The technology giant has also pledged to run its entire business on carbon-free energy by 2030.

A sneak-peek into a renewable energy-powered future

Electrification of end-use sectors through variable renewable energy is an emerging solution. Increasing the deployment of distributed energy resources turns the consumer into an active member

Renewables key to Reaching Zero Emissions in Transport & Industry: IRENA

Only seven industry and transport sectors will account for 38 percent of all CO2 emissions globally in 2050 unless there are significant changes in current approaches. Concerted action beyond planned policies can turn the page within the remaining 40 years and achieve zero emissions in heavy industry and transport by around 2060, a key requirement to limit global temperature rises to 1.5°C. The use of renewables will be central, accelerated through the rapid falls in technology and power costs.

Google Aims to go Carbon-Free by 2030 - The Mac Observer

Google has set itself an unprecedented target- to operate 24/7 on carbon-free energy by 2030, CEO Sundar Pichai has revealed.

Google pledges to only use carbon-free energy by 2030 in ‘biggest sustainability moonshot yet’

Google today announced its "third decade of climate action" with an ambitious pledge to go carbon-free by 2030, while also...

New State And City-Led Measures Are Promoting Building Electrification

The climate-friendly initiatives are helping reduce carbon emissions in buildings, showcase the viability of electrified products and attract new capital to decarbonise carbon-intensive industries.

Google says it will shift entirely to clean energy by 2030

Google says it has effectively removed its entire carbon footprint dating back to the founding of the company, and plans to shift to renewable energy.

[Contribution] What happens when the US Dollar weakens?

The Korea Herald is running a regular contribution series written by senior investment strategists at Standard Chartered Group Wealth Management. -- Ed. The US dollar has started to decline in value over the past few months, with the benchmark US dollar Index down about 9 percent since its March 2020 peak. This naturally raises questions on whether this US dollar weakness can extend, and whether this has broader imp...

Pound-Australian Dollar Recovers from Two-year Lows, Corrects from Oversold

The British Pound was on Monday seen moving higher and trying to consolidate against the Australian Dollar following the previous week's 3.65% decline, as market await fresh news on Brexit trade negotiations and Sterling recovered from oversold conditions

World is frozen in response to deluge of US dollars, fearing Trump punishment

The US dollar has fallen significantly against most major currencies but countries' responses have been muted by fear of US retaliation.

Pound-New Zealand Dollar Sell-off Approaches Solid Support Level at 1.90

The Pound-to-New Zealand Dollar exchange rate (GBP/NZD) is expected to remain heavy given the solid and entrenched downside momentum in place, however the pair is increasingly at risk of entering oversold conditions and it will take a titanic push to the pair below 1.90.

Pound-Canadian Dollar Week Ahead: Looking to Stabilise While Living On a Brexit Hope and Prayer 

CAD - Your Latest Canadian Dollar Exchange Rates and Forecasts

World is frozen in response to deluge of US dollars, fearing Trump punishment

The US dollar has fallen significantly against most major currencies but countries' responses have been muted by fear of US retaliation.

Traders switch to FX after central banks numb bond markets

Interventions made fixed income less attractive for short-term bets, analysts say

World is frozen in response to deluge of US dollars, fearing Trump punishment

The US dollar has fallen significantly against most major currencies but countries' responses have been muted by fear of US retaliation.

Pound Sterling Forecast to Recover by end-2020 vs. Euro and Dollar as 'No Deal' not Inevitable says BNP Paribas

The British Pound is being tipped to rise and recover its recent losses before the end of 2020 by international investment bank and lender BNP Paribas, however not before falling further in the near-term as Brexit-related anxieties build up once more.

First Mover: As Central Banks Print $1.4B an Hour, Bitcoiners Bet on Federal Reserve ‘Capture’

Though no fresh stimulus is expected this week from the Fed, bitcoin investors betting on money printing could just wait for the next sell-off in U.S stocks.

Brexit risk premium returns to UK markets

The latest bout of sabre-rattling is upping the premium investors demand for holding assets

Three Canadian stocks among BoA’s top picks to benefit from a recovering global economy

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

Fed, oil and record hash rate: 5 things to know in Bitcoin this week

BP says world oil demand peaked in 2019 as central banks make “unconventional” policy the norm — and that’s all good for Bitcoin

GBP/USD clings to recovery gains near session tops, around mid-1.2800s

The GBP/USD pair built on its steady intraday positive move and refreshed daily tops, around mid-1.2800s during the early European session. The Britis

USD/JPY remains depressed near 106.00 mark

The USD/JPY pair edged lower on the first day of a new week, albeit lacked any strong follow-through and remained confined in a familiar trading range

USD/CAD turns flat, around 1.3175 level amid a sharp pullback in oil prices

The USD/CAD pair seesawed between tepid gains/minor losses through the early European session and was last seen trading in the neutral territory, arou

Gold trades with modest gains below $1950 level, lacks follow-through

Gold edged higher on the first day of a new week and was last seen trading near the top end of its daily trading range, just below the $1950 level. Th

USD/JPY flirts with session lows, just below 106.00 mark

The USD/JPY pair remained depressed through the early North American session and was last seen hovering near the lower end of its daily trading range,

GBP/USD jumps to two-day tops, eyeing a sustained move beyond 1.2900 mark

The GBP/USD pair refreshed daily tops during the early North American session, with bulls now looking to build on the momentum beyond the 1.2900 round

EUR/GBP retreats further from multi-month tops, slide below mid-0.9200s

The EUR/GBP cross maintained its offered tone through the early European session and was last seen hovering near the lower end of its daily trading ra

AUD/USD struggles for direction, stuck in a range below 0.7300 mark

The AUD/USD pair lacked any firm directional bias and remained confined in a narrow trading band, below the 0.7300 mark through the early European ses

Pound Sterling Price News and Forecast: GBP/USD – Parliament set to pummel the pound

The GBP/USD pair seesawed between tepid gains/minor losses on Friday and consolidated its recent slump to seven-week lows. The US dollar remained depr

GBP/JPY recovers further from multi-week lows, climbs to mid-136.00s

The GBP/JPY cross built on its steady intraday positive move and refreshed daily tops, around mid-136.00s region during the mid-European session. The

Pound Sterling Price News and Forecast: GBP/USD vulnerable for another fall

The GBP/USD pair built on its steady intraday positive move and refreshed daily tops, around mid-1.2800s during the early European session. The Briti

The stock market faces these 8 risks heading into year-end, JPMorgan says

JPMorgan still views US and growth stocks will continue to be relative out-performers to international and value stocks, respectively, the note said.

Verizon targets prepaid boost with $6B Tracfone buy

Verizon inked a deal to acquire prepaid MVNO Tracfone from America Movil for $6.25 billion, ...

Verizon to buy TracFone, expanding big carriers’ control of prepaid industry

Verizon would surpass AT&T and T-Mobile in prepaid if TracFone deal is approved.

Verizon acquires Tracfone in a deal worth more than $6 billion

More than 13 million Tracfone customers already rely on Verizon’s wireless network

Verizon buys America Movil MVNO Tracfone for USD 6.25 billion

Verizon has agreed to buy Tracfone, a MVNO in the US owned by Mexico’s America Movil, for USD 6.25 billion. 

Verizon to buy wireless services provider Tracfone in $6.25 billion deal

Verizon Communications said on Monday it would buy wireless services provider Tracfone, a unit of Mexican telecom America Movil, in a $6.25 billion cash and stock deal.

Verizon will acquire Tracfone, the largest MVNO in the US, for over $6 billion

In a deal worth over $6 billion, Verizon is set to acquire Tracfone, the largest MVNO in the United States along with all of its brands.

Verizon agrees to buy Tracfone for $6.2 billion

Sept. 14 (UPI) -- Verizon announced Monday it will buy pre-paid carrier Tracfone for more than $6 billion in cash and stock.

Verizon to buy prepaid wireless provider Tracfone for $6.25 billion

Verizon Communications said Monday it will buy prepaid mobile phones provider Tracfone, a unit of Mexican telecoms giant America Movil, in a $6.25 billion cash and stock deal. Tracfone, which serves

Verizon is buying Tracfone to claim an edge in prepaid phone carriers

Verizon is buying prepaid carrier Tracfone for $6.25 billion, potentialy giving it an edge over AT&T and T-Mobile as people move to low-cost providers.

Verizon to buy prepaid phone seller Tracfone for up to $6.9B

Verizon, the country’s largest phone company, is buying prepaid phone seller Tracfone for up to $6.9 billion, expanding its low-income customer business.

Verizon to buy pre-paid mobile service Tracfone in $6.25 billion deal

Tracfone, which serves about 21 million subscribers through more than 90,000 retail locations across United States, said more than 13 million of its subscribers rely on Verizon's network under an existing agreement.

Infosys to buy Czech consultancy firm GuideVision for 30 million euros

“This acquisition is an important milestone in our journey to build capabilities relevant to the digital priorities of our clients," said Ravi Kumar, President, Infosys, said. The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.

Infosys to acquire GuideVision for up to 30 million euros

"GuideVision's training academy and nearshore capabilities in Czech Republic, Hungary, Poland, and presence in Germany and Finland will strengthen Infosys' ServiceNow capabilities for its clients in Europe," Infosys said in a statement.

Infosys to acquire Czech-based GuideVision for up to 30 million euros

IT services major Infosys on Monday said it will acquire Czech Republic-based GuideVision for up to Rs 260.4 crore

Infosys to acquire GuideVision for up to €30 million

The acquisition is expected to close during the third quarter of FY2021, subject to customary closing conditions, it added.

Infosys to acquire GuideVision for €30 million

The enterprise service management consultancy offers strategic advisory, consulting, implementations, training and support on the ServiceNow platform

Infosys to acquire European consultancy firm GuideVision

Bengaluru, Sep 14 (IANS) IT major Infosys has signed a definitive agreement to acquire European consultancy firm GuideVision for up to 30 million euros including earn-out and bonuses. In a regulatory filing on Monday, Infosys said that GuideVision’s end-to-end offerings, including SnowMirror — a proprietary smart data replication tool for[Read More...]

Infosys to acquire GuideVision for up to 30 million euros

The acquisition is being carried out by Infy Consulting Company Ltd, a step-down subsidiary of Infosys Ltd..Infosys. GuideVision. Onmanorama. Manorama Online.Business News. Finance News

Infosys shares rise 4% on acquisition of GuideVision

Shares of Infosys jumped about 4 percent in morning trade on September 14 after the company announced a definitive agreement to acquire GuideVision.

Infosys to acquire European consultancy firm GuideVision

Infosys Shares Hits All-Time High On Announcement To Acquire GuideVision

On Monday, shares of Infosys Ltd rose over 4 percent to hit a new all-time high of Rs 987.90 on BSE after the IT giant announced that it has entered into a definitive agreement to acquire GuideVision. Infosys will be acquiring 100 percent equity share capital holding in GuideVision for a cost of acquisition of 30 milli

Infosys to acquire Europe-based GuideVision for 30 million euros

The acquisition is expected to augment the Cobalt portfolio of cloud services of Infosys and further strengthen near-shore delivery presence in the European region.GuideVision’s training academy and near-shore capabilities in Czech Republic, Hungary, and Poland, and presence in Germany and Finland will strengthen Infosys’ ServiceNow capabilities for its clients in Europe

Amazon to hire 100,000 to keep up with online shopping surge

NEW YORK — Amazon will hire another 100,000 people to keep up with a surge of online orders. The company said Monday that the new hires will help pack, ship or sort orders, working in part-time and full-time roles.

Amazon to hire 100,000 to keep up with online shopping surge

Amazon is expected to increase jobs as it will be hiring another 100,000 people to keep up with a surge of online orders.

Amazon to hire 100,000 to keep up with online shopping surge

Amazon said Monday that it will be hiring another 100,000 people to keep up with a surge of online orders.

Amazon to hire 100,000 to keep up with online shopping surge

NEW YORK: Amazon said Monday that it will be hiring another 100,000 people to keep up with a surge of online orders.

Amazon to hire 1,00,000 to keep up with online shopping surge

Amazon to hire 100,000 to keep up with online shopping surge

Amazon will hire another 100,000 people to keep up with a surge of online orders. The company said Monday that the new hires will help pack, ship or sort orders, working in part-time and full-time roles.

Amazon to hire 100,000 to keep up with online shopping surge

Amazon will hire another 100,000 people to keep up with a surge of online orders.

Amazon to hire 100,000 to keep up with online shopping surge

Amazon said Monday that it will be hiring another 100,000 people to keep up with a surge of online orders.

Amazon to hire 100,000 to keep up with online shopping surge

The company said the new hires will help pack, ship or sort orders, working in part-time and full-time roles. Amazon said the jobs are not related to its typical holiday hiring.

Amazon to hire 100,000 to keep up with online shopping orders surge

Amazon on Monday said it will be hiring another 100,000 people to keep up with a surge of online orders

Amazon to hire 100,000

Amazon will hire another 100,000 people to keep up with a surge of online orders.

Up to 239 jobs at risk at London City Airport

The airport was closed for nearly three months from March 25 due to the coronavirus pandemic.

Up to 239 jobs at risk at London City Airport

The airport was closed for nearly three months from March 25 due to the coronavirus pandemic.

London City Airport cuts 239 jobs as passenger numbers remain low due to Covid-19

London City Airport has announced it will cut up to 239 roles due to low passenger numbers during the coronavirus pandemic.

London City Airport to cut more than one third of jobs

London City Airport has announced it is cutting up to 239 jobs as part of "crucial restructuring plans".

Up to 239 jobs at risk at London City Airport

The airport was closed for nearly three months from March 25 due to the coronavirus pandemic.

Up to 239 jobs at risk at London City Airport

The airport was closed for nearly three months from March 25 due to the coronavirus pandemic.

London City Airport cutting up to 239 jobs

London City was the UK’s 12th busiest airport last year, handling 5.1 million passengers

London City Airport is axing 239 jobs - 35% of its total staff - as part of 'crucial restructuring plans' amid Covid pandemic

London City Airport has announced it is cutting up to 239 jobs as part of

Coronavirus: London City Airport to cut up to 239 jobs

London City Airport is to cut up to 239 jobs - or 35% of roles - as part of "crucial restructuring" prompted by the coronavirus pandemic.

London City Airport cutting up to 239 jobs in 'crucial restructuring plans'

London City Airport has announced it is cutting up to 239 jobs as part of "crucial restructuring plans".

Cost of no-deal Brexit on automotive industry revealed

A 10% tariff could be made on cars and up to 22% on vans and trucks, which would almost certainly need to be passed on to consumers, groups warned.

Europe, Britain's carmakers warn of €110b hard Brexit bill

BRUSSELS, Sept 14 — Europe and Britain's car industries called today on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the sector €110 billion (RM540.9 billion) in lost trade over the next five years. Less than four months before a...

Cost of no-deal Brexit on automotive industry revealed

A 10% tariff could be made on cars and up to 22% on vans and trucks, which would almost certainly need to be passed on to consumers, groups warned.

Cost of no-deal Brexit on automotive industry revealed

A 10% tariff could be made on cars and up to 22% on vans and trucks, which would almost certainly need to be passed on to consumers, groups warned.

EU, U.K. Auto Makers Say Free Trade Deal Failure Will Cost Massive $130 Billion

The European Union and Britain must urgently seal a free-trade trade deal because failure would cost Europe’s automotive industry about $130 billion in lost trade over five years and jeopardize jobs in a crucial economic sector, according to leaders of the European automotive industry.

Cost of no-deal Brexit on automotive industry revealed

A 10% tariff could be made on cars and up to 22% on vans and trucks, which would almost certainly need to be passed on to consumers, groups warned.

British automakers warn a hard Brexit would cost $130 billion

Europe and Britain's car industries called on Monday on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the sector 110 billion euros (£101.79 billion) in lost trade over the next five years. Less than four months before a post-Brexit transition period ends in December, Britain and the European Union's talks on a trade deal for 2021 onwards have been plunged into crisis, after Britain tabled a plan to break the divorce treaty both sides signed

Brexit: Automotive industry warns of ‘no deal’ devastation

Automotive companies from across the UK and EU are calling for an ambitious free trade deal, warning ‘no deal’ will have a catastrophic impact on the industry.

Brexit: Manufacturers warn no-deal car crash will cost industry €110bn

Brexit negotiations have been put on red alert after Europe and Britain’s car industries warned a no-deal scenario could spark

Facebook India appoints Arun Srinivas as director of global business group

He will spearhead the company’s strategic relationship with the country’s leading brands, agencies, and partners to drive Facebook’s growth

Facebook India Hires Ex-Ola COO Arun Srinivas as Head for Global Business Group

Facing intense political heat in India, Facebook on Monday announced the appointment of former Ola Chief Operating Officer Arun Srinivas as director of its Global Business Group to lead the strategy and delivery of the India marketing solutions charter that is focused on large advertisers and agencies. 📲 Facebook India Hires Ex-Ola COO Arun Srinivas as Head for Global Business Group.

Facebook India names ex Ola exec Arun Srinivas Head for Global Business

Social media giant Facebook on Monday said it has appointed former Ola executive Arun Srinivas as the Director of Global Business Group in India

Facebook India hires ex-Ola COO as head for global biz group

Srinivas' appointment comes after a series of senior and leadership recruitments in recent months across marketing, partnerships, communications, and other key verticals in the country.

Facebook India appoints Arun Srinivas as Director of Global Business Group

Srinivas will spearhead the company’s strategic relationship with leading brands, agencies and partners to drive FB’s revenue growth in India

Facebook India appoints former Ola executive Arun Srinivas as Head for Global Business Group

Srinivas comes with 24 years of experience in senior sales and marketing roles at companies including Ola, Unilever and Reebok. He also had a stint at investment firm WestBridge Capital Partners where he led the consumer vertical.

Facebook India appoints Arun Srinivas as director of global business group

Facebook said Srinivas appointment comes after a series of senior and leadership recruitments in recent months across marketing, partnerships, communications, and other key verticals demonstrating the companys expanding charter and commitment to India.

Facebook India picks Arun Srinivas to lead global business group

Srinivas has 24 years of experience in senior sales and marketing roles at several companies such as Reebok, Unilever, and Ola

Amid Hate Speech Fracas, Facebook India Appoints Arun Srinivas As Global Business Group Director

Facebook India has appointed ex-Ola COO Arun Srinivas as the director of Global Business Group, to drive revenue growth through marketing.

Latest News | SAIL Reports over Rs 1,226 Cr Net Loss in Q1

Get latest articles and stories on Latest News at LatestLY. Domestic steel major SAIL on Monday posted a consolidated net loss of Rs 1,226.47 crore for the first quarter ended June 30, mainly on account of reduced income. Latest News | SAIL Reports over Rs 1,226 Cr Net Loss in Q1.

SAIL reports over Rs 1,226 crore net loss in Q1 on lower sales

During the quarter under review, the company said its net profit declined to Rs 9,346.21 crore from Rs 14,998.20 crore in the April-June period of the preceding fiscal.

Latest News | NBCC Q1 Net Profit Down 80 Pc to Rs 10.28 Cr

Get latest articles and stories on Latest News at LatestLY. State-owned NBCC Ltd on Monday reported a 80 per cent decline in its consolidated net profit at Rs 10.28 crore for the quarter ended June. Latest News | NBCC Q1 Net Profit Down 80 Pc to Rs 10.28 Cr.

Transformers and Rectifiers (India) reports Rs 3.6 crore loss for Q1

Transformers and Rectifiers (India) on Monday reported a consolidated net loss of Rs 3.6 crore for June quarter 2020-21 mainly due to lower revenues

Latest News | Transformers and Rectifiers Reports Rs 3.6 Cr Loss for Q1

Get latest articles and stories on Latest News at LatestLY. Transformers and Rectifiers (India) on Monday reported a consolidated net loss of Rs 3.6 crore for June quarter 2020-21 mainly due to lower revenues. Latest News | Transformers and Rectifiers Reports Rs 3.6 Cr Loss for Q1.

NBCC Q4 net profit down 41% at Rs 83.77 cr, total income drops Rs 2,651 cr

Its net profit stood at Rs 142.45 crore in the year-ago period, the company said in a regulatory filing

NBCC Q1 net profit down 80% to Rs 10.28 crore

The company's net profit stood at Rs 51.46 crore in the year-ago period.

PC Jeweller posts net loss of Rs 73.55 cr in Q1

PC Jeweller Ltd on Monday posted a consolidated net loss of Rs 73.55 crore for the first quarter of 2020-21 fiscal on a sharp fall in sales. The company had clocked a net profit of Rs 39.21 crore in t

Raymond Q1 net loss widens to ₹247.60 crore

Raymond Ltd on Monday reported widening of its consolidated net loss to ₹247.60 crore in the first quarter ended June 2020, impacted by COVID-19 and subsequent lockdowns.The company had a net loss of

Trump signs new, expanded executive order to lower US drug prices

The latest step, coming less than two months before the Nov. 3 presidential election, would replace a July 24 Trump executive order.

Trump says he has signed new executive order to lower drug prices

US President Donald Trump said on Sunday he had signed a new executive order aimed at lowering drug prices in the United States by linking them to ...

Trump says he has signed new executive order to lower drug prices

U.S. President Donald Trump said on Sunday he had signed a new executive order aimed at lowering drug prices in the United States by linking them to those of other nations. "My Most Favored Nation order will ensure that our Country gets the same low price Big Pharma gives to…

Trump signs executive order to lower drug prices

Sept. 13 (UPI) -- President Donald Trump signed an executive order on Sunday that aims to lower drug prices in the United States by instructing Medicare to not pay more for certain medicines than other nations, prompting criticism from the pharmaceutical industry.

Trump Says He Has Signed New Executive Order To Lower Drug Prices

US President Donald Trump said on Sunday he had signed a new executive order aimed at lowering drug prices in the United States by linking them to those of other nations.

Donald Trump signs new, expanded executive order to lower US drug prices

Donald Trump signed a new executive order on Sunday aimed at lowering drug prices in the United States by linking them to those of other nations and expanding the scope of a July action

Trump Signs Most Favored Nation Executive Order for Drug Prices

President Trump signed an executive order on Sunday, part of his administration's ongoing efforts to lower drug prices for Americans. The president's "most favored nation" order seeks to lower the

Say No To Importing Foreign Price Controls On Drugs

The U.S. is the engine for pharmaceutical innovation in the world. The administration's proposal would undermine this vibrant industry and make it harder for patients to get the newest and best drugs.

Trump moves forward with executive action to lower drugs costs

President Trump on Sunday announced his intention to move forward with an executive order he signed in July that intends to lower the price of prescription drugs. Trump said that the order seeks to

Security company GardaWorld reveals it's trying to buy G4S

GardaWorld, the world's largest privately owned security company, said Monday it was making a US$3.9 billion offer for G4S, saying its London-based rival has rejected or ignored three previous approaches.

Canadian rival tables £3bn hostile bid for security giant G4S

Shares in G4S surged in early trading after the prospective bidder GardaWorld confirmed the move.

Security company GardaWorld reveals it's trying to buy G4S

LONDON — GardaWorld, the world’s largest privately owned security company, said Monday it was making a 3 billion-pound ($3.9 billion) offer for G4S, saying its London-based rival has rejected or ignored three previous approaches. Montreal-based GardaWorld says it decided to publicize its bid of 190 pence a share – a 30% premium to G4S’s closing …

Canadian rival tables £3bn hostile bid for security giant G4S

Shares in G4S surged in early trading after the prospective bidder GardaWorld confirmed the move.

G4S guarded as it faces £3bn hostile takeover bid A market analyst says any deal will be like the "tiddler swallowing the whale" as a Canadian firm bids to takeover G4S.

A market analyst says any deal will be like the "tiddler swallowing the whale" as a Canadian firm bids to takeover G4S.

Security company GardaWorld reveals it's trying to buy G4S

GardaWorld, the world’s largest privately owned security company, said Monday it was making a 3 billion-pound ($3.9 billion) offer for G4S, saying its London-based rival has rejected or ignored three

Canadian rival tables £3bn hostile bid for security giant G4S

Shares in G4S surged in early trading after the prospective bidder GardaWorld confirmed the move.

Montreal-based security company GardaWorld makes bid to buy G4S

Montreal-based GardaWorld says it decided to publicize its bid to pressure the firm into talks.

What Biden’s tax plan really says

ATLANTA — President Donald Trump describes Democratic challenger Joe Biden as a “tool” of “radical socialists” who are bent on taxing every American business and household into bankruptcy. Some progressives say Biden is a corporate crony who will never address systemic inequalities in U.S. society. In reality, Biden has taken a relative consistent approach over five decades in politics and during his latest White House bid. The former senator and vice president backs an active federal government that he says should support but not constrict private enterprise, and he believes the highest federal tax burden should fall on the wealthiest. “Go out and make a million bucks,” Biden would sometimes tell deep-pocketed

Will Biden's Proposed Changes to 401(k) Tax Rules Affect Your Retirement Plan?

If Biden's proposal gets pushed through -- and that's a big if -- the answer is probably yes.

Biden’s 401(k) plan: Changing tax incentive for retirement is a great idea

But closing the coverage gap is the real way to increase saving

Three Income Sources You May Be Shocked to Discover Could Be Taxable

Don't be surprised when the IRS wants its cut!

Millionaires Would Pay Up Under Biden Tax Plans, Study Shows

Millionaires could see much bigger tax bills if Democrat Joe Biden is elected president in November, but levies on most households below the top income brackets would stay about the same as under President Donald Trump, an outside analysis shows.

Biden's plans would increase revenue by $3T, spending by $5T: analysis

Democratic presidential nominee Joe Biden’s plans would increase tax revenue by $3.375 trillion and raise federal spending by $5.35 trillion over a 10-year period, according to an

401(k) Mistakes to Avoid

Fees and penalties for your 401(k) can often be avoided if you understand how your 401(k) plan works. You can also take advantage of employer contributions and tax breaks once you figure out how to qualify.

Australia proposes paying oil refiners billions to stay open

The country's refiners have been battered by the coronavirus-driven collapse in fuel demand, racking up losses which they say threaten the future of their plants as they compete against much bigger refineries around Asia.

Oil refiner urges swift subsidies rollout as closure threats loom

Fuel supplier Viva Energy says a speedy delivery of a newly announced taxpayer support package will be vital to reduce the risk of oil refinery closures.

Oil refiner urges swift subsidies rollout as closure threats loom

Fuel supplier Viva Energy says a speedy delivery of a newly announced taxpayer support package will be vital to reduce the risk of oil refinery closures.

Oil refiner urges swift subsidies rollout as closure threats loom

Fuel supplier Viva Energy says a speedy delivery of a newly announced taxpayer support package will be vital to reduce the risk of oil refinery closures.

Refiners give no early guarantees on plants

Owners of refineries in Geelong and Brisbane have welcomed the government's aid package for the sector but aren't offering any early guarantees on their plants' futures.

Australia to boost domestic fuel storage, subsidise refineries

SYDNEY, Sept 14 — Australia will invest A$211 million (RM637.9 million) to boost its domestic fuel storage capabilities while local refineries will be subsidised to stay open in business, as the government unveiled plans to secure its long-term fuel supply. A coronavirus-driven demand slump has...

Australia proposes paying oil refiners billions to stay open

SYDNEY/MELBOURNE: Australia on Monday proposed offering incentives worth A$2.3 billion ($1.67 billion) over 10 years to keep the country's four remaining oil refineries open and said it would invest in building fuel storage as part of a long-term fuel security plan.

FDI inflow from China declines to USD 163.77 million in FY20: Anurag Thakur

With regard to outflow from India, Minister of State for Finance Anurag Singh Thakur said, it was USD 20.63 million in calendar year 2020 as against USD 27.57 million in the corresponding period last year. To curb opportunistic takeovers or acquisitions of Indian companies due to the current COVID-19 pandemic, the government issued Press Note 3 earlier this year, he said.

FDI inflow from China declines to $163.77 million in FY20: Anurag Singh Thakur

Giving details of the total foreign direct investment (FDI) inflow from Chinese companies in India, Minister of State for Finance Anurag Singh Thakur said, it was $350.22 million in 2017-18, while it declined to $229 million in the following year.

Chinese investment in India falls 28.5% YoY to $163.77 million in FY20

FDI inflow from China has declined on an annual basis from $350.22 million in 2017-18 to $229 million in 2018-19 and further to $163.77 million in 2019-20

FDI inflow from China declines to USD 163.77 million in FY20: Thakur

Giving details of the total foreign direct investment (FDI) inflow from Chinese companies in India, he said, it was USD 350.22 million in 2017-18, while it declined to USD 229 million in the following year.

FDI inflow from China declines to $163.77 million in FY20: Anurag Thakur

There has been decline in foreign direct inflow from China in the last three years with FDI coming down to $163.77 million in 2019-20, Anurag Singh Thakur informed Lok Sabha

FDI inflow from China declines to $163.77 million in FY20: MoS Finance

There has been decline in foreign direct inflow from China in the last three years with FDI coming down to $163.77 million in 2019-20, Minister of State for Finance Anurag Singh Thakur informed Lok Sabha

GST collection dips 44% in various States/UTs during April-August: Thakur

FDI from China also declined to $163.78 million in 2019-20

Centre asks 500 big firms to clear MSME dues fast; govt pays up Rs 10,000 crore

In e-letters sent out to top bosses of the big companies, the Ministry of MSME headed by Nitin Gadkari has said that payment of past dues is very important for MSMEs' survival

MSME ministry asks corporates to clear dues of small units on priority

The MSME ministry has asked top 500 corporate groups to clear the pending dues of small and medium enterprises on priority as these payments are important for operations and sustenance of jobs in the sector

Government asks private sector to clear payments due to MSMEs

The ministry has also asked corporates to ensure that they are filing half-yearly returns as mandated by the Ministry of corporate affairs on their dues to MSMEs.

MSME Ministry urges corporates to clear sector’s dues

"Ministry has written e-letters to the owners, CMDs or top executives of these five hundred corporates. While conveying its support and solidarity in these difficult times, Ministry has strongly taken up the issue of pending payments of MSMEs."

Govt Asks Corporates To Clear MSME Dues On Priority

On Monday, the MSME Ministry has asked corporates of the country to clear dues of small and medium enterprises (SMEs) on priority as these payments are important for operations and sustenance of jobs in the sector.

Govt asks top 500 private companies to clear MSME dues

In a letter to the heads of these companies, MSME secretary AK Sharma asked them to clear all dues as the payments are crucial for operation and survival of small businesses

After PSUs, MSME Ministry train guns on 500 corporates for unpaid MSME dues; asks to pay ‘at earliest’

Credit and Finance for MSMEs: The ministry reminded private firms to join the TReDS platforms as it was made mandatory by the government in 2018 for all CPSEs and corporates with over Rs 500 crore turnover.

Big increase in people using food banks because of virus crisis – report

The Trussell Trust said families with children are being hit the hardest during the pandemic.

Big increase in people using food banks because of virus crisis – report

The Trussell Trust said families with children are being hit the hardest during the pandemic.

Big increase in people using food banks because of virus crisis – report

The Trussell Trust said families with children are being hit the hardest during the pandemic.

Foodbanks prepare to hand out six emergency parcels a minute to desperate Brits

Coronavirus has left the Trussell Trust expecting a massive 61% surge in demand that will leave it needing 7.6million meals between October and New Year's Day

100,000 households used food banks for the first time in lockdown

And charities are warning that poverty rates are expected to worsen in winter.

Extreme poverty 'will double by Christmas' in UK because of Covid-19

End of coronavirus job and income support expected to trigger 61% rise in food bank use

Amazon to hire 100,000 more workers in its latest job spree this year

The world's biggest online retailer said the positions are for full and part-time work in its home country and Canada, and these will include roles at 100 new warehouse and operations sites it is opening this month.

Amazon to hire 1,00,000 more employees after massive growth due to Covid-19

Tech giant Amazon has announced its decision to recruit 1,00,000 more workers in the United States after its massive growth due to Covid-19.

Amazon To Hire 1,00,000 Workers In US This Year

Amazon.com Inc on Monday said it is recruiting 100,000 more workers - the fourth hiring spree it has announced for the United States this year - to keep pace with e-commerce demand that jumped during the pandemic.

Amazon to hire 100,000 more workers in its latest job spree this year

Amazon.com Inc on Monday said it is recruiting 100,000 more workers - the fourth hiring spree it has announced for the United States this year - ...

Amazon to hire 100,000 more workers in its latest job spree this year

NEW YORK, Sept 14 — Amazon.com Inc today said it is recruiting 100,000 more workers — the fourth hiring spree it has announced for the United States this year — to keep pace with e-commerce demand that jumped during the pandemic. The world's biggest online retailer said the positions are for...

Amazon to hire 100,000 more workers in its latest job spree this year

Amazon.com on Monday said it is recruiting 100,000 more workers — the fourth hiring spree it has announced for the United States this year — to keep pace with e-commerce demand that jumped during the pandemic.

Gilead to buy Immunomedics for $21 billion

Gets access to breast cancer drug Trodelvy, with acquisition

Gilead to buy cancer drug maker Immunomedics for $21-billion

Gilead will have access to FDA-approved breast cancer-drug Trodelvy

Gilead to buy cancer drugmaker Immunomedics Inc for $21 billion

Gilead Sciences Inc will acquire biopharmaceutical company Immunomedics Inc for $21 billion, a move that will strengthen its cancer portfolio by gaining access to a promising drug

Immunomedics shares double after Gilead agrees to buy the cancer drugmaker in $21 billion deal

The deal will provide Gilead access to Immunomedics' cancer treatment drug called Trodelvy, an FDA-approved treatment for metastatic triple-negative breast cancer.

Market movers: Stocks seeing action on Monday - and why

A roundup of some of the North American equities making moves in both directions today

Covid-19 scheme worth €8m to assist B&Bs open for applications

Owners who do not pay local authority rates will be able to claim grants of up to €4,000

Covid-19 scheme worth €8m to assist B&Bs opens for applications

Owners who do not pay local authority rates will be able to claim grants of up to €4,000

€8m Covid-19 grant scheme to help B&B owners

Bed & Breakfast owners who do not pay local authority rates will be able to claim grants of up to €4,000 from today, following the opening of applications under the Restart Grant Plus for B&Bs.

Up to €8 million in grants available for B&Bs through Fáilte Ireland

Restart Grant Plus for B&Bs opens for applications

Minister Varadkar in Naas to announce scheme for small businesses

The Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar today visited Kildare and announced a scheme aimed at helping small businesses most acutely impacted by Covid-19 rest...

Govt bans export of onions with immediate effect

"The export of all varieties of onions... is prohibited with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a notification.

Govt bans export of onions to check soaring prices, increase availability

The DGFT, an arm of the commerce ministry, deals with exports and imports-related issues

Govt bans export of onions with immediate effect

The government on Monday banned the export of all varieties of onions with immediate effect, a move aimed at increasing availability and checking the price of the commodity in the domestic market.“The

Centre bans export of onion with immediate effect amid shortage in domestic market

The ban, however, will not apply to onions exported in sliced or in powder form.

Govt bans export of onion with immediate effect

"The export of all varieties of onion is prohibited with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a notification

Valneva announces major COVID-19 vaccine partnership with UK government

Today, Valneva has announced a vaccine partnership with the UK government. Valneva, a specialty vaccine company focused on the prevention of diseases with major unmet needs, will supply 60 million doses of its inactivated COVID-19 vaccine, VLA2001, if vaccine development is successful.

UK reserves up to 190 million doses of a potential Covid-19 vaccine from Valneva

It had already been disclosed in July that the British government had reserved 60 million doses of Valneva's inactivated SARS-CoV-2 vaccine under development

UK signs €1.4bn deal for Valneva coronavirus vaccine

The UK government has inked a €1.4bn deal to secure up to 190m doses of a coronavirus vaccine being developed by French biotech firm Valneva.

UK reserves up to 190 million coronavirus vaccine doses from Valneva

Britain has struck agreements with a number of pharmaceutical firms developing vaccines against the novel coronavirus.

Coronavirus Scotland: Livingston firm Valneva sign deal with UK Government for up to 190 million Covid-19 vaccine doses

A SCOTS firm has signed a deal with UK Government for up to 190 million Covid-19 vaccine doses. French company Valneva, based in Livingston, will make 60 million doses of the drug VLA2001 in 2021 &…

ICICI Lombard inks bancassurance tie up with Yes Bank

"The partnership will provide the bank's diverse customer base access to the insurer's portfolio and make insurance more accessible to its customers across India," ICICI Lombard General Insurance Company said in a regulatory filing.

ICICI Lombard General Insurance inks bancassurance tie up with YES Bank

Private sector general insurer ICICI Lombard General Insurance Company Ltd said it has entered into a bancassurance tie-up with Yes Bank for selling its insurance products

ICICI Lombard, Yes Bank shares rise as they enter into bancassurance tie-up

Through this tie-up, ICICI Lombard aims to offer innovative insurance solutions to YES BANK’s customers across 28 states and 8 Union Territories.

SBI General Insurance, YES Bank sign corporate agency agreement

New Delhi, Sep 14 (IANS) General insurer SBI General and private sector bank YES Bank have signed a Corporate Agency Agreement for the distribution of retail products of the insurance company for the bank’s corporate and retail customers. The products of SBI General Insurance Company will be offered to YES[Read More...]

ICICI Lombard General Insurance, YES Bank enter into bancassurance pact

ICICI Lombard General Insurance has entered into a bancassurance tie-up with private sector lender YES Bank.“The partnership will provide the bank’s diverse customer base access to the insurer’s portf

RBI pulls up banks over delay in automating NPA recognition process

Banks were advised in August 2011 to have appropriate IT systems for identification of NPAs and generation of related data/returns

RBI asks banks to complete automation of NPA recognition, calculation of provisioning by June 30, 2021

RBI observed that the processes for NPA identification, income recognition, provisioning, and generation of related returns in many banks are not yet fully automated.

RBI directs banks to complete automation of NPA recognition, provisioning calculation by June 2021

All borrowal accounts, including temporary overdrafts, irrespective of size, sector or types of limits, will be covered in the automated IT based system for asset classification, upgradation, and provisioning processes, says RBI

RBI asks banks to complete automation of NPA recognition by 30 June 2021

In a notification issued on Monday, RBI observed that the processes for NPA identification, income recognition, provisioning and generation of related returns in many banks are not yet fully automated.

Upgrade system to identify NPAs, calculation of provisioning by June 30: RBI to banks

The Reserve Bank of India, on Monday, asked banks to upgrade their systems by June 30, 2021, for identification of non-performing assets (NPA) and calculation of provisioning.“In order to ensure the c

IPL title sponsor Dream11 raises fresh funds from Tiger Global, others via primary, secondary deals

Dream11 competes with Mobile Premier League, HalaPlay, Ballebaazi, MyTeam11 in the fantasy gaming segment. The online gaming market size in India is expected to grow from around Rs 4,400 crore in FY 2018 to almost Rs 12,000 crore by FY 2023.

Dream11 parent secures $225 million in fresh funding

Tiger Global, TPG, ChrysCapital and Footpath Ventures have made primary and secondary investment in Dream Sports.

Dream11’s parent entity scoops up $225 Mn at an estimated valuation of $2.5 Bn

Dream11’s parent entity, Dream Sports, has secured $225 million in a mix of primary and secondary investment led by Tiger Global.

Dream11 Raises $225 Mn From Tiger Global, TPG Global And Others

Dream11’s parent company Dream Sports has raised $225 Mn from Tiger Global Management, TPG Global, Chrys Capital and others.

Tiger Global, others invest $225 mn in parent of IPL title sponsor Dream 11

Avendus Capital was the financial advisor in Series-E round that also saw participation from TPG Tech Adjacencies, ChrysCapital and Footpath Ventures

Full pension credit uptake ‘could lift 450,000 elderly people out of poverty’

A report by the charity Independent Age found only 61% of those eligible are receiving the benefit.

Full pension credit uptake ‘could lift 450,000 elderly people out of poverty’

A report by the charity Independent Age found only 61% of those eligible are receiving the benefit.

450,000 people missing out on up to £173.75 a week from Government

Just 61 per cent of those eligible are receiving the benefit

Full pension credit uptake ‘could lift 450,000 elderly people out of poverty’

A report by the charity Independent Age found only 61% of those eligible are receiving the benefit.

Four in 10 pensioners missing out on key benefit, says report

Failure to deliver pension credit to poorest ‘is costing NHS and social care £5bn a year’

Oil companies idle production as US Gulf Coast braces for hurricane

HOUSTON: Offshore platforms and one refinery along the U.S. Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less ...

Oil companies idle production as US Gulf Coast braces for hurricane

HOUSTON, Sept 14 — Energy producers and communities along the US Gulf Coast organised evacuations of residents and offshore workers yesterday as they prepared for the second hurricane strike in less than a month. Royal Dutch Shell Plc began shutting some of its offshore drilling operations...

Shell halts offshore drilling as US Gulf Coast braces for hurricane

Royal Dutch Shell began shutting some of its offshore drilling operations on Sunday (Sep 13) in preparation for Tropical Storm Sally, forecast to ...

Oil companies idle production as US Gulf Coast braces for hurricane

Offshore platforms and one refinery along the US Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less than a month

Oil producers lock down offshore drilling as U.S. Gulf Coast braces for another hurricane

Tropical Storm Sally expected to be at hurricane force by the time it makes landfall on Tuesday

After Chennai, Swiggy Delivery Executives Announce Indefinite Strike In Hyderabad

After going on strike in Chennai last month, Swiggy’s delivery executives have announced an indefinite strike in Hyderabad against low wages.

Swiggy delivery executives in Hyderabad to go on strike

Hyderabad, Sep 14 (IANS) Delivery executives of food-delivery platform Swiggy in Hyderabad will go on indefinite strike from Tuesday, demanding a hike in their delivery charges. They claimed that Swiggy has reduced their earning structure amid the Covid-19 pandemic and despite the rise in petrol prices. The delivery executives said[Read More...]

Swiggy delivery executives in Hyderabad to go on indefinite strike from Tuesday

Claiming that amid a rise in coronavirus cases and petrol prices, Swiggy has reduced their earning structure, the delivery executives of Swiggy in Hyderabad have announced an indefinite strike from Tuesday.

Swiggy delivery boys to go on indefinite strike in Hyderabad

Hyderabad: Thousands of Swiggy delivery executives boycotted work on Monday in the city to protest against the food delivery company’s decision to

Job losses: Major cuts since the start of the pandemic

More than 180,000 jobs have been cut since Covid-19 started.

Job losses: Major cuts since the start of the pandemic

More than 180,000 jobs have been cut since Covid-19 started.

Job losses: Major cuts since the start of the pandemic

More than 180,000 jobs have been cut since Covid-19 started.

Job losses: Major cuts since the start of the pandemic

More than 180,000 jobs have been cut since Covid-19 started.

Abu Dhabi's ADNOC nets $1b selling 10% in ADNOC Distribution to institutional investors

In all, 1.25b shares were sold at Dh2.95 apiece in Gulf's 'largest block placement'

UAE oil giant completes $1bn institutional placement of shares in its distribution unit

UAE oil giant completes $1bn institutional placement of shares in its distribution unit

ADNOC completes $1 billion institutional placement for distribution business

DUBAI: State-run Abu Dhabi National Oil Company (ADNOC) said on Monday it had completed a placement to institutional investors of 10 percent in its subsidiary ADNOC Distribution’s total share capital, or 1.25 billion shares, valued at $1 billion. The placement will increase ADNOC Distribution’s free float to 20 percent, and contribute to improved liquidity of the company,

ADNOC completes private placement of 1.25 billion shares of ADNOC Distribution

Shares sold to institutional investors with a total value of Dh3.7 billion

Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer

Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC.

Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer

CALGARY — Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC last week.

Calfrac delays vote on recapitalization plan following unsolicited Wilks Brothers offer

The Calgary-based company says it will now hold a vote by its shareholders and unsecured noteholders on the management reorganization plan on Sept. 29 instead of Sept. 17.

Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer

Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC.

Banks' NPAs in large industry, services fall 31% in over two years to Rs 4.36 lakh crore

"As per Reserve Bank of India (RBI) data on domestic operations, NPAs of scheduled commercial banks pertaining to large industry and services have come down to Rs 4,36,492 crore as on June 30, 2020 (provisional) from Rs 6,35,971 crore as on March 31, 2018, registering a decline of 31 per cent," Thakur said in a written reply to the Lok Sabha.

Banks' NPAs in large industry, services fall 31 pc in over two years to Rs 4.36 lakh cr

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 lakh crore in June this year, Parliament was informed on Monday.

Banks' NPAs in large industry, services fall 31% in over two years to Rs 4.36 lakh crore

Banks' non-performing assets in large industry and services declined 31 percent in over two years to about Rs 4.36 lakh crore in June this year, Parliament was informed on Monday.

Banks' NPAs in large industry, services dip 31% in over 2 yrs to Rs 4.3 trn

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 trillion in June this year, Parliament was informed on Monday

Banks banned from closing branches or removing cash machines without clearance

Unless customers are being treated fairly, banks will be banned from cutting any more branches or removing free cash machines under new rules announced by the City watchdog

FCA sets access to cash expectations

The UK's Financial Conduct Authority has warned banks that every time they plan to close a branch or ATM they will need to provide an analysis of the impact on customers' access to cash.

Banks will need to analyse customers’ needs before closing branches, says FCA

Banks and building societies will need to provide an analysis of the needs of customers and any alternatives available before closing branches.

Banks will need to analyse customers’ needs before closing branches, says FCA

Banks considering closing branches or ATMs will need to tell the City regulator before any final decision is made, so that it can monitor whether customers are being treated fairly.

PM Modi to inaugurate, launch seven urban infrastructure projects in Bihar

The implementation of these projects has been undertaken by the Bihar Urban Infrastructure Development Corporation (BUIDCO) under the urban development and housing department of the state.

PM Modi to inaugurate, launch seven urban infra projects in Bihar

The Prime Minister's Office said on Monday that out of these projects, four are related to water supply, two to sewage treatment and one to riverfront development.

PM Modi to inaugurate, launch seven urban infra projects in Bihar

Prime Minister Narendra Modi will on Tuesday inaugurate and lay the foundation stone of seven urban infrastructure projects worth Rs 541 crore in the poll-bound Bihar via video conference

Bihar Assembly Elections 2020: PM Modi to inaugurate seven urban infrastructure projects tomorrow

In the run-up to the Assembly elections in Bihar, Prime Minister Narendra Modi will inaugurate and lay the foundation stone of seven projects related to urban infrastructure in the state on September 15 through video conferencing.

Heavily indebted Thai Airways gets court nod for restructuring

A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the ...

Heavily indebted Thai Airways gets court nod for restructuring

A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash.

Heavily indebted Thai Airways gets court nod for restructuring

BANGKOK, Sept 14 — A Thailand court today approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash. The global aviation sector was plunged into crisis by the pandemic as countries severely restricted travel, forcing...

Heavily indebted Thai Airways gets court nod for restructuring

Thai has restructured multiple times over the last several years but it never "went deep enough to resolve many of the longstanding systemic issues", aviation expert Brendan Sobie told AFP.

No proposal for raising FII limit in PSBs to 49%: Thakur

There is no proposal for raising Foreign Institutional Investment (FII) ceiling in public sector banks to 49% from 20% for capital mobilisation, Minister of State for Finance Anurag Singh Thakur infor

No proposal for raising FII limit in public sector banks to 49%: Thakur

There is no proposal for raising FII ceiling in public sector banks to 49 per cent from 20 per cent for capital mobilisation, Minister of State for Finance Anurag Singh Thakur informed the Lok Sabha

No proposal for raising FII limit in PSBs to 49%: Anurag Singh Thakur

There is no proposal for raising Foreign Institutional Investment (FII) ceiling in public sector banks to 49% from 20%: Anurag Singh Thakur.No amount has been raised by the government in the current financial year for recapitalisation of PSBs

No proposal for raising Foreign Institutional Investment limit in PSBs to 49%: Anurag Singh Thakur

Replying to another question, he said, the government and World Bank have so far signed only one loan of $750 million on May 15, 2020 as budgetary support to the Government for accelerating India’s COVID-19 Social Protection Response Programme in order to support measures undertaken under Pradhan Mantri Garib Kalyan Yojana (PMGKY), the benefits of which have flown to all States/UTs.

Aldi expands into click and collect for first time

The supermarket chain said it now plans to extend the programme to more customers in ‘the coming weeks’.

Aldi expands into click and collect for first time

The supermarket chain said it now plans to extend the programme to more customers in ‘the coming weeks’.

Aldi reveals click and collect plan starting in a matter of weeks

The long-awaited move will undergo a trial

Aldi expands into click and collect for first time

The supermarket chain said it now plans to extend the programme to more customers in ‘the coming weeks’.

Investor group issues AGM warning to climate net-zero laggards

LONDON, Sept 14 — A leading investor group has written to the boards of the world's biggest corporate emitters of greenhouse gases, warning they must produce a strategy to move their business to net-zero carbon emissions or face pressure at future AGMs. Climate Action 100+, whose members include...

An influential investor group demands the world's largest polluters to execute strategies for 'net-zero' carbon by 2050

NurPhoto/Getty Climate Action 100+ has demanded the world's largest greenhouse-gas emitters to execute 'net-zero' strategies by 2050 or earlie...

Investors that manage US$47tn demand world’s biggest polluters back plan for net-zero emissions

Climate Action 100+ group put 161 fossil fuel, mining, transport and other big-emitting companies on notice in latest campaign by shareholders

An influential investor group demands the world's largest polluters execute strategies for 'net-zero' carbon by 2050

NurPhoto/Getty Climate Action 100+ has demanded the world's largest greenhouse-gas emitters to execute "net-zero" strategies by 2050 or earlier.The group

Saptagir, Jubilant in Remdesvir pact

Saptagir Laboratories has entered into an agreement with Jubilant Generics to manufacture intermediates and active pharmaceutical ingredient (API) for the intravenously-administered Remdesivir that h

Saptagir signs deal with Jubilant Generics to manufacture ‘Remdesivir’

Hyderabad: Hyderabad-based Saptagir Laboratories on Monday announced that it has signed an exclusive agreement with Jubilant Generics to manufacture

Saptagir Laboratories to manufacture Remdesivir for Jubilant Generics

Hyderabad-based company signs an exclusive agreement to make intermediates and bulk drugs for intravenous administered drug

Saptagir Laboratories enters into exclusive agreement with Jubilant Generics

Saptagir Laboratories, part of the Rs 900 crore Saptagir Group, has entered into an exclusive agreement with Jubilant Generics to manufacture intermediates and bulk drugs

Government to blame for workers’ reluctance over office return, says Sorrell

He criticised ministers for not doing enough to restore confidence in the safety of trains and buses.

Government to blame for workers’ reluctance over office return, says Sorrell

He criticised ministers for not doing enough to restore confidence in the safety of trains and buses.

Government to blame for workers’ reluctance over office return, says Sorrell

He criticised ministers for not doing enough to restore confidence in the safety of trains and buses.

Government to blame for workers’ reluctance over office return, says Sorrell

He criticised ministers for not doing enough to restore confidence in the safety of trains and buses.

Mercedes-Benz India To Increase Car Prices By 2%, From October 2020

Mercedes-Benz India will be increasing the prices of select models in India from October 2020. While the company hasn't mentioned which models, it has mentioned that there will be an upward revision of 2 per cent, and the new prices will come into effect from the first week of October.

Mercedes Benz to hike prices of select models from October

The upward revision of the price will be effective from first week of October. The price correction would be up to 2 per cent, varying across select model range, Mercedes-Benz India said in a statement.

Mercedes-Benz to hike prices of select models from October

While the company did not specify the specific models, it is understood that the price hike will impact its volume models, C-Class, E-Class and GLC by up to Rs 1.5 lakh.

Mercedes-Benz India to increase car prices from Oct 2020

India's leading luxury car brand, Mercedes Benz has announed to revise car prices from 1st Oct 2020. Prices will increase by up to 2%.

Carlyle may take $2 billion stake in Reliance Retail

The deal, if finalized, would be Carlyle's biggest investment in an Indian company and would be its first in the country's retail sector

Carlyle may take US$2 billion stake in retail arm of India's Reliance: Mint

Private equity firm Carlyle Group is looking to invest up to US$2 billion in Indian conglomerate Reliance Industries' retail business, financial ...

Carlyle may take $2 billion stake in retail arm of Reliance: Report

Carlyle Group is looking to invest up to $2 billion in Reliance Industries' retail business

Carlyle may take $2 billion stake in retail arm of India's Reliance: Mint

Carlyle may take $2 billion stake in retail arm of India's Reliance: Mint

IGM Financial chief executive Jeff Carney stepping down for health reasons

Jeff Carney is retiring as president and chief executive of IGM Financial and IG Wealth Management due to health reasons.

IGM chief executive Jeff Carney steps down for health reasons

Former Scotiabank exec James O’Sullivan to replace the outgoing IGM CEO

IGM Financial chief executive Jeff Carney stepping down for health reasons

WINNIPEG — Jeff Carney is retiring as president and chief executive of IGM Financial and IG Wealth Management due to health reasons. Carney says that he has been diagnosed with the early stages of Alzheimer’s disease.

EANS-DD: Andritz AG / Notification concerning transactions by persons performing managerial responsibilities pursuant to article 19 Market Abuse Regulation (MAR)

personal data:

EANS-DD: Andritz AG / Notification concerning transactions by persons performing managerial responsibilities pursuant to article 19 Market Abuse Regulation (MAR)

personal data:

EANS-DD: Andritz AG / Notification concerning transactions by persons performing managerial responsibilities pursuant to article 19 Market Abuse Regulation (MAR)

personal data:

Wise to assume no-deal Brexit, Central Bank governor says

Gabriel Makhlouf warns that economy is likely to suffer economic shock from Brexit next year

Inflation may be higher than official measure: Makhlouf

The Governor of the Central Bank has said price inflation experienced by households may be higher than what is officially measured.

Wise to assume no-deal Brexit – Central Bank governor

Gabriel Makhlouf warns economy likely to suffer economic shock from Brexit next year

ViacomCBS to Sell CNET for $500 Million to Red Ventures | Hollywood Reporter

The transaction is expected to close in the fourth quarter.

ViacomCBS to Sell CNET to Red Ventures for $500 Million

The acquisition of the tech site comes after weeks of talks with Red Ventures, which acquired Healthline Media and Bankrate in recent years

ViacomCBS to Sell CNET for $500 Million to Red Ventures

ViacomCBS has struck a deal to sell its CNET unit to Red Ventures for $500 million.

Dollar sinks as equity market mood lifts, Fed in view

LONDON, Sept 14 — The dollar slipped today against its major peers as a wave of M&A deals lifted the mood in global equity markets and investors looked ahead to an event-packed week which includes a Fed meeting and the appointment of a new Japanese premier. The UK parliament was preparing to...

Treasury yields marginally higher as investors eye Fed meeting

U.S. Treasury yields are inching higher on early Monday's trade as investors waited for the Federal Reserve meeting later this week.

Dollar Edges Lower; Sterling Rebounds After Sharp Selloff

Dollar Edges Lower; Sterling Rebounds After Sharp Selloff

Mnuchin Says More Stimulus Needed, Don't Worry About The Deficit

“Now is not the time to worry about shrinking the deficit or shrinking the Fed balance sheet,” the Treasury Secretary said Monday.

Mnuchin: Now is not the time to worry about deficits

Treasury Secretary Steven Mnuchin on Monday said the country should not be focused on deficits as it struggles under the economic weight of the COVID-19 pandemic.

'Now is not the time to worry' about the fiscal deficit or the Fed's balance sheet, Mnuchin says

Treasury Secretary Steven Mnuchin told CNBC that lawmakers should not allow fears over deficits to delay additional Covid-19 relief.

Amazon hiring 100,000 workers in U.S. and Canada to meet surge in lockdown shopping

The world’s biggest online retailer announces fourth hiring spree in the U.S. this year, as it gears up for the festive period.

Amazon Is Hiring A Further 100,000 People To Keep Up With Pandemic-Induced Demand

The e-commerce giant has already hired tens of thousands of people this year.

Amazon hiring 100,000 workers amid COVID-19 online sales boom

Amazon plans to hire another 100,000 workers in the US and Canada amid a coronavirus-fueled boom in its online sales, the company announced Monday. The e-commerce titan’s fourth big hiring spree

Immunomedics soars 106% after Gilead agrees to acquire the cancer-drug company for $21 billion

FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen during the outbreak of the coronavirus disease (COVID-19), in California Reuters ...

Immunomedics soars 106% after Gilead agrees to acquire the cancer-drug company for $21 billion

Gilead expects the deal to immediately bolster its revenue growth, and to be neutral to accretive to adjusted earnings per share in 2023.

Why Immunomedics Stock Is Screaming Higher Today

Immunomedics ties the knot with Gilead Sciences in a $21 billion merger agreement.

Zoos warn they face ‘existential’ threat unless Government acts now

A promised rescue package has yet to reach the coffers of zoos and aquariums.

Zoos warn they face ‘existential’ threat unless Government acts now

A promised rescue package has yet to reach the coffers of zoos and aquariums.

Zoos warn they face ‘existential’ threat unless Government acts now

A promised rescue package has yet to reach the coffers of zoos and aquariums.

Investors teamed up to roast Rio over rock shelter blast, warn departures are first step

A group of 11 investors ramped up pressure on Rio Tinto's board before the removal of CEO Jean-Sebastien Jacques.

Investors teamed up to roast Rio over rock shelter blast, warn departures are first step

A group of 11 investors ramped up pressure on Rio Tinto's board before the removal of CEO Jean-Sebastien Jacques.

Investors teamed up to roast Rio over rock shelter blast, warn departures are first step

A group of 11 investors ramped up pressure on Rio Tinto's board before the removal of CEO Jean-Sebastien Jacques.

Price hikes anger Nigerians as fuel subsidy ends

The cost of fuel at the pump has risen by around 15% in recent days, hitting a record high of 162 naira per litre ($0.42, 0.36 euros), or $1.55 / 1.36 euros a US gallon, after the government pushed on with deregulation.

Nigeria hikes petrol prices as COVID-19 bites budget

Nigeria is Africa's biggest crude producer but has almost no working refinery capacity and the authorities have spent tens of billions of dollars to subsidise imports.

Price hikes anger Nigerians as fuel subsidy ends

Economist Michael Famoroti said the corruption-riddled subsidy system that allowed some to profit hugely was simply no longer sustainable.

North American stock markets up to start the week, loonie edges higher

The industrials sector helped lift Canada's main stock index to a triple-digit advance in late-morning trading, while U.S. stock markets also pushed higher.

North American stock markets move higher to start the trading week

Canada's main stock index posted a triple-digit advance in early trading, while U.S. stock markets also surged higher to start the week.

North American stock markets up to start the week, loonie edges higher

TORONTO — The industrials sector helped lift Canada's main stock index to a triple-digit advance in late-morning trading, while U.S. stock markets also pushed higher. The S&P/TSX composite index was up 129.60 points at 16,352.06.

Sebi seeks clarification on Kalyan Jewellers IPO

Kalyan Jewellers' promoter T S Kalyanaraman would be offloading shares worth up to Rs 250 crore, while Highdell Investment Ltd would sell up to Rs 500 crore worth of shares through the OFS route.

Sebi seeks clarification on Kalyan Jewellers IPO

The proposed IPO comprises issuance of fresh equity aggregating up to Rs 1,000 crore and an offer for sale (OFS) worth Rs 750 crore, according to the Draft Red Herring Prospectus (DRHP).

Sebi seeks clarification on Kalyan Jewellers IPO

Clamp down on JobKeeper rorts, detractors argue

The $101 billion JobKeeper program has not yet seen one fine issued for rorting.

Clamp down on JobKeeper rorts, detractors argue

The $101 billion JobKeeper program has not yet seen one fine issued for rorting.

Clamp down on JobKeeper rorts, detractors argue

The $101 billion JobKeeper program has not yet seen one fine issued for rorting.

AFL took stance on Aboriginal flag to force access for Indigenous groups

The AFL says its own players don't want the competition to pay to use the Aboriginal flag if other Indigenous groups were denied the opportunity.

AFL took stance on Aboriginal flag to force access for Indigenous groups

The AFL says its own players don't want the competition to pay to use the Aboriginal flag if other Indigenous groups were denied the opportunity.

AFL took stance on Aboriginal flag to force access for Indigenous groups

The AFL says its own players don't want the competition to pay to use the Aboriginal flag if other Indigenous groups were denied the opportunity.

Eskom talks up emergency power progress to ease load shedding in South Africa

Eskom and the National Energy Regulator of South Africa (Nersa) have agreed on the procurement of 11,813MW of electricity generation infrastructure which is set to help the country’s growing power problems.

Nersa takes step towards ending load-shedding in South Africa

Eskom announced that Nersa has taken a step towards ending load-shedding in South Africa, but there is still a long way to go.

Additional power generation hoped to end loadshedding

While South Africa struggles with loadshedding, recent indicators point to a light at the end of the tunnel lit by renewable power generation

Wipro, US-based ProcessMaker ink pact to deliver workflow management solutions

This collaboration will leverage Wipro's proprietary technology platform iCaaS (Intelligent Content as a Service) along with ProcessMaker's Workflow automation platform to deliver Cognitive Content Automation solutions to customers, a Wipro statement said.

Wipro, US-based ProcessMaker ink pact

Wipro Limited and ProcessMaker, a US-based software company and low-code workflow automation platform, on Monday announced a partnership for delivering workflow management solutions to the Bengaluru-h

Wipro, US-based ProcessMaker ink pact to serve customers in Latin America

Wipro Limited and ProcessMaker announced a partnership for delivering workflow management solutions to the Bengaluru-headquartered firm's customers in Latin America

Citibank gets in-principle nod to set up IFSC unit at GIFT City

Fourteen banks have set up their IBUs in GIFT IFSC, making the cumulative business in banking vertical cross USD 28 billion.

Citi to open banking unit at GIFT City; receives RBI's in-principle nod

Citibank gets nod to set up IFSC Banking Unit at GIFT City

Our BureauCitibank has received in-principle approval from Reserve Bank of India and GIFT SEZ Authority to set up an IFSC Banking Unit (IBU) at GIFT City, said an official statement.Citibank becomes t

SafetyCulture snaps up training startup EdApp in maiden acquisition

Technology unicorn SafetyCulture has bought EdApp in a deal that values the Sydney-based online training app at $40 million.

SafetyCulture snaps up training startup EdApp in maiden acquisition

Technology unicorn SafetyCulture has bought EdApp in a deal that values the Sydney-based online training app at $40 million.

SafetyCulture snaps up training startup EdApp in maiden acquisition

Technology unicorn SafetyCulture has bought EdApp in a deal that values the Sydney-based online training app at $40 million.

Retail inflation marginally dips to 6.69% in August from 6.73% in July

Govt has revised downwards the retail inflation from the earlier estimate of 6.93 per cent. According to the CPI data, food inflation in August fell marginally to 9.05 per cent.

S&P slashes India’s growth forecast to -9% from previous estimate of -5% in FY 2021

The global ratings body said rising Covid cases in India will keep private spending and investment lower for longer.

Modi govt bans export of all varieties of onions to check price rise

The move is aimed at increasing the availability of onions in the domestic market. In the national capital, prices touched Rs 40 per kg.

India provided leadership when some countries pushed aggression under garb of Covid

The remarks by Indias Permanent Representative to the UN Ambassador T S Tirumurti came while addressing the 3rd anniversary of the India-UN Development Partnership Fund at India's Permanent Mission to the UN.

India says it provided medicine amid Covid while China, Pak took advantage

The Fund, established in 2017, has so far supported 59 projects in 48 countries, through USD 47.8 million in contributions from a USD 150 million multi-year pledge by the Indian govt

UN agencies, member states hail India's commitment in UN partnership fund

India's Permanent Mission to the UN commemorated the 3rd anniversary of the India-UN Development Partnership Fund Monday

7 Coronavirus Vaccine Stocks to Watch as Approval Nears

Whether or not we get an 'October Surprise' from President Donald Trump, these coronavirus vaccine stocks look hot now.

Novavax’s Run to $200 by the End of 2020 Is Looking Less Likely 

Though NVAX stock may not reach the $200 threshold by the end of this year, that only gives investors a chance to consider its strong fundamentals.

It’s Not Over Yet for Novavax Stock, but Wait for Another Pullback

While factors could change the game, you can't say it's over for NVAX stock. Still, wait for lower prices before diving into high-risk, high-return Novavax.

Former Wipro CEO Abidali Neemuchwala turns investor, joins Dallas Venture

The firm said it plans to focus on early-stage and growth-stage companies dealing with areas such as cloud infra, AI, machine learning and mobile

Neemuchwala joins U.S. VC firm Dallas Venture

DVP may invest up to $500 mn in India

Former Wipro CEO Abidali Neemuchwala joins Dallas Venture Partners

The fund will invest $300-500 million in India over the next 10 years. Neemuchwala and the venture fund will help the startups scale up through mentoring and funding to cater to the global market.

OPEC turns 60, remains focused on balanced, stable oil market

OPEC turns 60, remains focused on balanced, stable oil market

Nigeria’s Bonny Light price drops to $37.59 per barrel

The price of Bonny Light, has dropped from $43 to $37.59 per barrel as the , OPEC, expressed commitment to oil market stability at 60.

There is no lessening of relevance for OPEC

In its 60th year, organisation will continue to carve a strategic role for itself and oil

DeFi app overview: How to navigate crypto’s new finance wave

With DeFi platforms bringing in profits for users, jumping onto this wagon seems to be highly attractive. But how easy is it to do?

The evolution of DeFi and its unique token distribution mechanics

The next step of DeFi’s evolution in decentralization is enabling true scalability, interoperability and access to networks beyond Ethereum.

Why Hasn’t Apple Pay Replicated AliPay’s Success?

Two key drivers for successful platform adoption.

GBP/USD Must Retake 1.30 if Bulls are to Regain Control

The GBP/USD exchange rate sunk by 3.60% last week but is looking firmer at the time of writing on Monday. Analyst and technical forecaster Richard Perry at Hantec Markets says the technical configuration remains unhelpful for the bulls

Dollar-Yen Rate Stuck on 106, Rallies Expected to Struggle

The USD/JPY exchange rate is quoted at 106.00 at the start of the new week, a level that is acting like a magnet for Dollar-Yen says analyst and technical forecaster Richard Perry of Hantec Markets.

EUR/USD Looks to Solidify Base as Near-term Strength Returns

The EUR/USD exchange rate is looking to record its fourth successive daily close in the green, but the Euro is yet to convincingly restart its previous uptrend says analyst Richard Perry of Hantec Markets.

Bill to strengthen regulatory framework of cooperative banks introduced in LS

Finance Minister Sitharaman also introduces Factoring Bill in lower house

Banking  Regulation  Bill tabled in Lok Sabha

Law aims to bring cooperative banks under RBI’s regulatory framework.The proposed bill will empower RBI to create bank merger scheme without moratorium norms

Finance minister introduces Banking Regulation (Amendment) Bill in Lok Sabha

With the amendments, RBI will be able undertake a scheme of amalgamation of a bank without placing it under moratorium

Firm poised to produce 60 million Covid-19 vaccines for UK in 2021

Valneva’a drug is expected to be taken in two stages.

Firm poised to produce 60 million Covid-19 vaccines for UK in 2021

Valneva’a drug is expected to be taken in two stages.

Firm poised to produce 60 million Covid-19 vaccines for UK in 2021

Valneva’a drug is expected to be taken in two stages.

Lagos: LAWMA Launches Waste Management Academy

The Lagos Waste Management Authority, LAWMA, has kick-started an academy targetted at educating citizens in the state on making informed decisions about waste management. Announcing earlier in June 2020, the Acting Managing Director, Lagos Waste Management Authority (LAWMA), Mr Ibrahim Odumboni, revealed that the LAWMA Academy will train and develop youths within the age range […]

LAWMA begins waste management academy

Samson Folarin The Lagos Waste Management Authority has started an academy to educate residents on making informed decisions about waste management. A statement on Sunday said the academy would s...

LAWMA Academy takes off in Lagos

The LAWMA Academy, which is first of its kind by any waste management authority in Nigeria, would provide knowledge hub for credible hands on tutelage and certification in solid waste management.

Once an American foe, now a friend: OPEC turns 60

Shifts in global politics and a surge in America's oil production have transformed the group.

Once an American foe, now a friend: OPEC turns 60

In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the US economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding. Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for US support for Israel during the Yom Kippur War, shifts in global politics and a surge in America's oil production have tamed the group.

Once an American foe, now a friend: Opec turns 60

LONDON, Sept 14 — In 1973, Arab members of the Organisation of Petroleum Exporting Countries brought the US economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding. Since Saudi Arabia and other Arab Opec members imposed their famous oil embargo as...

Unisuper members brace for climate policy shift as pressure mounts

Unisuper has divested from two pure-play coal companies but its members, including prominent scientists, want more.

Unisuper members brace for climate policy shift as pressure mounts

Unisuper has divested from two pure-play coal companies but its members, including prominent scientists, want more.

Unisuper members brace for climate policy shift as pressure mounts

Unisuper has divested from two pure-play coal companies but its members, including prominent scientists, want more.

Pandemic rebel Sweden plots its economic recovery

Can Sweden's falling infections and lesser economic blow be taken as a victory for its light-touch approach to the pandemic? It depends who you ask.

Pandemic rebel Sweden plots its economic recovery

Can Sweden's falling infections and lesser economic blow be taken as a victory for its light-touch approach to the pandemic? It depends who you ask.

Pandemic rebel Sweden plots its economic recovery

Can Sweden's falling infections and lesser economic blow be taken as a victory for its light-touch approach to the pandemic? It depends who you ask.

Google must do more to tackle scam adverts, says Which?

The consumer group is concerned about fake advertisements it found when searching for debt help charities and financial firms.

Google must do more to tackle scam adverts, says Which?

The consumer group is concerned about fake advertisements it found when searching for debt help charities and financial firms.

Google must do more to tackle scam adverts, says Which?

The consumer group is concerned about fake advertisements it found when searching for debt help charities and financial firms.

HECS for aged care: Paul Keating's solution to funding shortfall

Former Prime Minister Paul Keating once advocated for a national insurance scheme to pay for aged care, but his thinking has shifted towards a radical new proposal.

HECS for aged care: Paul Keating's solution to funding shortfall

Former Prime Minister Paul Keating once advocated for a national insurance scheme to pay for aged care, but his thinking has shifted towards a radical new proposal.

HECS for aged care: Paul Keating's solution to funding shortfall

Former Prime Minister Paul Keating once advocated for a national insurance scheme to pay for aged care, but his thinking has shifted towards a radical new proposal.

Dollars stream in for iron ore magnates despite wobbly economy

Wright Prospecting recorded $204 million in profit last financial year, up from $160 million in 2019, and paid out $199 million in dividends to its owners.

Dollars stream in for iron ore magnates despite wobbly economy

Wright Prospecting recorded $204 million in profit last financial year, up from $160 million in 2019, and paid out $199 million in dividends to its owners.

Dollars stream in for iron ore magnates despite wobbly economy

Wright Prospecting recorded $204 million in profit last financial year, up from $160 million in 2019, and paid out $199 million in dividends to its owners.

Fixed deposits: SBI revises FD interest rates; here are the latest rates

For deposits maturing in 1 year to less than 2 years, the bank has slashed interest rates by 20 basis points. The proposed rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits.

SBI cuts interest rates on fixed deposits; check latest FD interest rates, revised changes here

The country's largest lender State Bank of India (SBI) has reduced interest rates on select tenors of fixed deposits with effect from 10 September.

SBI’s special fixed deposit scheme for senior citizens extended till December 31, check details here

SBI 'WECARE' Senior Citizens' Term Deposit scheme for senior citizens was launched in May to provide a higher interest rate to senior citizens in the current falling interest rate scenario.

Nearly a quarter of bars, pubs and clubs yet to reopen after lockdown

The latest market recovery report by CGA and AlixPartners has shown that nearly 27,000 licensed premises are yet to reopen.

Nearly a quarter of bars, pubs and clubs yet to reopen after lockdown

The latest market recovery report by CGA and AlixPartners has shown that nearly 27,000 licensed premises are yet to reopen.

Nearly a quarter of bars, pubs and clubs yet to reopen after lockdown

The latest market recovery report by CGA and AlixPartners has shown that nearly 27,000 licensed premises are yet to reopen.

GRAINS-Soybeans rise above $10/bushel on Chinese demand, corn at 5-month peak

* U.S. cuts corn, soybean harvest outlook after August weather* Strong Chinese demand to support corn, soybean futures (Adds comment in paragraph 4, fund positioning)By Naveen ThukralSINGAPORE, Sept 14 (Reuters) - Chicago soybean prices gained for a second consecutive session on Monday, rising above $10 a bushel as Chinese buying and a lower estimate for U.S. production supported prices.Corn jumped to its highest since mid-March while wheat ticked higher.

GRAINS-Soybeans rise above $10 a bushel on Chinese demand

SYDNEY, Sept 14 (Reuters) - U.S. soybean futures rose above $10 a bushel on Monday as strong demand from China, the world's largest importer, underpinned the market.FUNDAMENTALS

Soybean investors continue to buy Monday

Investors will be eyeing any changes in today's Crop Progress Report.

Chinese automakers announce targets to raise hydrogen vehicle sales

Chinese automakers announce targets to raise hydrogen vehicle sales

Chinese Automakers Announce Targets To Raise Hydrogen Vehicle Sales

Chinese automakers have announced plans to increase sales of hydrogen fuel cell vehicles, a niche segment in the world's biggest auto market, and the government is expected to announce supportive new policies, possibly as early as this month.

Chinese automakers announce targets to raise hydrogen vehicle sales

Chinese automakers have announced plans to increase sales of hydrogen fuel cell vehicles, a niche segment in the world's biggest auto market, and ...

iPhone makers to be among winners of Modi govt’s $6.6 billion ‘Make in India’ stimulus plan

iPhone makers Foxconn, Wistron, Pegatron are among the mobile manufacturers expected to be named winners for stimulus after cabinet meeting Wednesday.

iPhone makers among biggest winners in India's $6.6 bn manufacturing plan

At a cabinet meeting on Wednesday, the Indian government is expected to approve a plan aimed at bringing $150 billion in mobile-phone production over the next five years

Apple's India gambit more evident: iPhone-assemblers now part of lucrative govt program

Apple's iPhone assemblers in India are in line for a windfall as the Indian government is encouraging them as it seeks to make the most out of US companies wanting to remove China from their scheme of things.

Seven Group takes step closer to a seat at the Boral table

Seven Group has moved a step closer to board representation at building materials giant Boral, after the company lifted its stake in Boral to 19.98 per cent.

Seven Group takes step closer to a seat at the Boral table

Seven Group has moved a step closer to board representation at building materials giant Boral, after the company lifted its stake in Boral to 19.98 per cent.

Seven Group takes step closer to a seat at the Boral table

Seven Group has moved a step closer to board representation at building materials giant Boral, after the company lifted its stake in Boral to 19.98 per cent.

Sell BHEL; target of Rs 22: Motilal Oswal

Motilal Oswal is bearish on BHEL recommended sell rating on the stock with a target price of Rs 22 in its research report dated September 11, 2020.

Hold BHEL; target of Rs 34: Prabhudas Lilladher

Prabhudas Lilladher recommended Hold rating on BHEL with a target price of Rs 34 in its research report dated September 12, 2020.

Buy Mishra Dhatu Nigam: target of Rs 281: ICICI Securities

ICICI Securities is bullish on Mishra Dhatu Nigam recommended buy rating on the stock with a target price of Rs 281 in its research report dated September 14, 2020.

COVID-19 effect: No formal study yet, but indications of major revenue loss, says tourism ministry

In a written reply in Lok Sabha, Tourism Minister Prahlad Patel said due to the fact that the sector is largely unorganised, the impact can be assessed only in due course.

Tourism Ministry Says Indications Of "Massive" Revenue Loss Due To COVID-19

The Ministry of Tourism informed the Parliament today while no formal study has been conducted to assess the impact of the COVID-19 pandemic on the tourism sector, discussions with stakeholders have indicated that the sector has suffered a massive loss in revenue.

No formal study yet, but indications of major revenue loss, says Tourism Ministry

In a written reply in Lok Sabha, Tourism Minister Prahlad Patel said due to the fact that the sector is largely unorganised, the impact can be assessed only in due course.

Trade ‘very quiet’ on weekend before ‘rule of six’, says Wetherspoons boss

Tim Martin said the pub chain’s sales were 22.5% below the equivalent Saturday last year.

Trade ‘very quiet’ on weekend before ‘rule of six’, says Wetherspoons boss

Tim Martin said the pub chain’s sales were 22.5% below the equivalent Saturday last year.

Trade ‘very quiet’ on weekend before ‘rule of six’, says Wetherspoons boss

Tim Martin said the pub chain’s sales were 22.5% below the equivalent Saturday last year.

Ashoka Buildcon wins Rs 1,390 crore highway projects in Bihar from NHAI

Both the projects will be executed under EPC (engineering, procurement and construction) mode under Bharat Pariyojna phase 1.

Latest News | Ashoka Buildcon Wins Rs 1,390 Cr Highway Projs in Bihar from NHAI

Get latest articles and stories on Latest News at LatestLY. Ashoka Buildcon on Monday said it has bagged two highway projects worth Rs 1,390 crore in Bihar from National Highways Authority of India (NHAI). Latest News | Ashoka Buildcon Wins Rs 1,390 Cr Highway Projs in Bihar from NHAI.

Ashoka Buildcon wins Rs 1,390 cr highway projects in Bihar from NHAI

Ashoka Buildcon on Monday said it has bagged two highway projects worth Rs 1,390 crore in Bihar from National Highways Authority of India

SignalX Bags 750K USD Funds from 3Lines Venture Capital

SignalX, a risk management startup, has raised 750K USD funds. It offers an AI-powered SaaS portal for corporate risk and due diligence.

SignalX raises $ 750,000 from US venture capital firm

Artificial Intelligence-powered governance risk management and compliance start-up SignalX, based out of Hyderabad, has raised $750,000 from US VC firm 3Lines Venture Capital. With this funding, “we w

Latest News | SignalX Secures USD 750,000 Investment from 3Lines Venture Capital

Get latest articles and stories on Latest News at LatestLY. AI-powered risk Management startup SignalX has raised USD 750,000 (about Rs 5.51 crore) from a US-based early-stage VC firm 3Lines Venture Capital. Latest News | SignalX Secures USD 750,000 Investment from 3Lines Venture Capital.

Employees provident fund members withdraw Rs 39.4k crore during March 25-August 31

The maximum amount of EPF withdrawals from March 25 to August 31 were recorded in Maharasthra Rs 7,837.85 crore, followed by Karanataka - Rs 5,743.96 crore and Tamil Nadu (including Puducherry) - Rs 4,984.51 crore. The total EPF withdrawals in Delhi during the period stood at Rs 2,940.97 crore.

Employees provident fund members withdraw Rs 39.4k cr during Mar 25-Aug 31

Salaried workers withdraw a massive Rs. 39,400 crore from EPFO during lockdown, Govt tells Lok Sabha

Of the total 10.4 million salaried workers who dipped into their retirement savings, at least 8.1 million are those who earn a salary of less than Rs. 15,000 per month

Delta will use frequent-flyer program to back $6.5 billion in debt

Delta Air Lines on Monday said that it will borrow $6.5 billion backed by its frequent-flyer program, the third airline to tap its loyalty platform to shore up liquidity amid the coronavirus crisis.

Delta will use frequent-flyer program to back $6.5 billion in debt

Delta Air Lines became the latest carrier to tap its frequent-flyer program to cover new debt.

Delta Will Borrow $6.5 Billion Backed By Frequent Flyer Program