• Google faces antitrust case in India over promoting payments app: Report

  The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said
  9 minutes ago — Business Standard

• Time to focus on domestic tourism as that is a low-hanging fruit: Puneet Chhatwal

  It is very important to include tourism in the concurrent list of the constitution of India
  13 minutes ago — Economic Times

• Tech View: Nifty close above 20-DMA may be signalling new leg of upswing

  Nifty may face resistance at 9,500 level and have support near 9,250, said analysts.
  15 minutes ago — Economic Times

• Sun Pharma Q4 net falls 37%, misses Street view: Key takeaways

  Analysts in an ETNow Poll had estimated the net profit at Rs 930 crore.
  26 minutes ago — Economic Times
  • Sun Pharma Q4 results: Profit falls 37% YoY to Rs 400 crore on one-off expenditure of Rs 261 crore 26 minutes ago — Economic Times

• Google Pay Faces Case In India Over Unfair Promotion Of App : Report

  The complaint says Google more prominently showcases its payment app inside Android app store in India
  31 minutes ago — NDTV Business

• Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today

  NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.
  32 minutes ago — Business Standard
  • MARKET WRAP: Financials propel Sensex 996 points up; Nifty reclaims 9,300 32 minutes ago — Business Standard

• Why U.S. energy CEOs will get big payouts despite oil meltdown

  National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.
  34 minutes ago — Reuters

• Saint-Gobain sells Sika stake, formally ending bitter takeover battle

  Saint-Gobain has sold its stake in Swiss construction chemicals maker Sika, the French company said on Wednesday, netting it 1.54 billion euros ($1.69 billion) and formally ending one of Europe's most bitter takeover battles.
  35 minutes ago — Reuters

• Coronavirus pushes global credit rating downgrade threat to record high

  A total of 1,287 of S&P's ratings are now on a downgrade warning.
  41 minutes ago — Economic Times

• Sensex snaps 3-day losing streak, jumps 996 points on rally in bank stocks, firm global cues

  “The volatility is expected to continue ahead of F&O expiry," Geojit's Vinod Nair said.
  43 minutes ago — Economic Times

• Renault and Nissan rule out merger as they unveil survival plan

  Renault, Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and instead said they would cooperate more closely on vehicle development to slash costs and salvage their troubled alliance.
  47 minutes ago — Reuters
  • Factbox: Renault and Nissan's plan to rebuild their alliance 47 minutes ago — Reuters
  • Renault and Nissan deepen cooperation in bid for survival 47 minutes ago — Reuters
  • Renault-Nissan announce plan to deepen cooperation to ensure group's survival 47 minutes ago — Reuters
  • Renault and Nissan rebuild their alliance to ride out the coronavirus storm 47 minutes ago — Reuters
  • From boom to bottom: Renault and Nissan bet on deeper cooperation 47 minutes ago — Reuters

• Amazon offers free health cover upto ₹50,000 for its sellers

  Amazon on Wednesday said it would provide a COVID-19 health insurance, completely free of cost, for its sellers in India. The insurance will cover the
  52 minutes ago — The Hindu Business

• Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more

  Updates from the world of economy, markets, and finance
  53 minutes ago — The Hindu Business
  • Business Live: Indian economy to contract 5% in FY21, says Fitch Ratings 53 minutes ago — The Hindu Business

• Aditya Birla Fashion plans Rs 1,000 crore rights issue

  Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.
  55 minutes ago — Economic Times

• Locust swarms headed towards Delhi; crops threatened in many states

  Higher than normal temperatures have helped locusts spread more rapidly in different parts of the states
  55 minutes ago — Business Standard

• Staffing giants join forces to decode COVID-19 puzzle

  Give a clarion call: ‘Help India Get Back to Work Safely’
  56 minutes ago — The Hindu Business

• Glenmark Pharma Gets U.S. FDA Nod To Market Generic Drug For Muscle Pain

  The approval has been given for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg.
  1 hour ago — Bloomberg Quint

• China says military faceoff at India border 'stable, controllable'

  Chinese Foreign Ministry spokesperson refers to talks between President Xi Jinping and Prime Minister Narendra Modi.
  1 hour ago — Business Standard

• Patanjali to raise Rs 250 crore through debentures

  This would be the first-ever issuance of debentures by the Haridwar-based firm.
  1 hour ago — Economic Times
  • Future Retail to raise up to Rs 650 crore through NCDs to reduce debt 1 hour ago — Business Standard
  • Future Retail to raise up to Rs 650 crore to reduce debt 1 hour ago — Economic Times

• Exclusive: Google faces antitrust case in India over payments app - sources

  India's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters.
  1 hour ago — Reuters
  • Russian minister, oil majors discuss output cut extension - sources 1 hour ago — Reuters

• Sensex rallies 996 points ahead of F&O expiry; Nifty tops 9,300

  The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm ov
  1 hour ago — The Hindu Business
  • Sensex, Nifty flat ahead of F&O expiry; private bank stocks gain 1 hour ago — Economic Times

• Sensex, Nifty jump over 3% as banks surge on bargain hunting

  Indian shares closed over 3% higher on Wednesday as value investors stepped in to buy beaten-down banking stocks, while Axis Bank surged after a report said private equity group Carlyle was in discussions with the lender for a fund infusion.
  1 hour ago — Reuters
  • Indian shares rise as bargain hunters swoop up bank stocks 1 hour ago — Reuters
  • Sensex, Nifty subdued as coronavirus cases surge, ITC falls 1 hour ago — Reuters

• Debt downgrades can push India bank fund raising to $20 billion

  State-run banks will need $13 billion from the government to recapitalize.
  1 hour ago — Economic Times

• Covid-19 to stay till 2021, aggressive testing needed: Health experts

  In an interaction with Congress leader Rahul Gandhi, health experts Professor Ashish Jha and Professor Johan Giesecke talked about the Covid-19 pandemic
  1 hour ago — Business Standard
  • Handling of Covid-19 pandemic creates friction in Uddhav Thackeray govt 1 hour ago — Business Standard

• SFIO to probe Jaiprakash Associates, Jaypee Infratech for financial irregularities

  Jaypee group has been facing a crisis in the last few years due to defaults in debt repayments.
  1.5 hours ago — Economic Times

• Covid-19 tests not mandatory for maternal, newborn: Health Ministry

  The ministry also said that mother and newborn should be nursed together and breastfeeding must be initiated within 1 hour of delivery, irrespective of Covid-19 status
  1.5 hours ago — Business Standard

• Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

  Japanese Prime Minister Shinzo Abe's cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world's third-largest economy deeper into recession.
  1.5 hours ago — Reuters
  • Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain 1.5 hours ago — Reuters

• Slack threatens Microsoft's entire Office 365 empire: CEO Butterfield

  In a different universe where Slack is incredibly successful over the next two years and 98% of knowledge workers use Slack, says CEO Stewart Butterfield
  1.5 hours ago — Business Standard

• Dabur Q4 results: Profit declines 14% YoY to Rs 319 crore, misses estimates

  Revenue from operations for the quarter fell to Rs 1,865.36 crore from Rs 2,128.19 crore in the year-ago quarter.
  1.5 hours ago — Economic Times
  • Newgen Software Q4 results: Profit dips 34% to Rs 41.5 crore 1.5 hours ago — Economic Times
  • Deepak Nitrite Q4 results: Net profit up 88% at Rs 172 crore 1.5 hours ago — Economic Times

• Sensex Ends Nearly 1,000 Points Higher, Clocks Best Day Of May Led By Banks

  Surge in HDFC Bank, ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank collectively contributed over 600 points towards gain in the Sensex.
  1.5 hours ago — NDTV Business
  • Sensex Surges Over 800 Points Led By Gains In Banking Stocks 1.5 hours ago — NDTV Business

• Covid-19 To Accelerate Digital Adoption In India, Says Morgan Stanley

  Covid-19 will accelerate digital adoption in India as an increasing number of people shop online, said Morgan Stanley.
  1.5 hours ago — Bloomberg Quint

• Gold dips to two-week low on growing recovery hopes

  Gold dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, while U.S.-China tensions over Hong Kong put a floor under bullion prices.
  1.5 hours ago — Reuters
  • Gold hits two-week low on reopening optimism 1.5 hours ago — Reuters
  • Oil falls on demand concerns, tensions over Hong Kong 1.5 hours ago — Reuters
  • Gold hits two-week low on optimism around reopening of economies 1.5 hours ago — Reuters
  • Gold eases as equities rally, Hong Kong woes limit losses 1.5 hours ago — Reuters

• LIC pension scheme for senior citizens vs SBI special FD: Interest rates, other benefits compared

  LIC has started selling the modified Pradhan Mantri Vaya Vandana Yojana (PMVVY) on Tuesday.Amid falling interest rates what will be the better investment options for senior citizens — PMVVY scheme or SBI Wecare FD?
  1.5 hours ago — Live Mint

• BofA Securities Sees Covid-19 Setting Off These Structural Changes In India

  Covid-19 crisis could lead to consolidation of firms, formalisation of jobs and local manufacturing in India, BofA Securities said
  2 hours ago — Bloomberg Quint

• Urban women buy gold jewellery for sense of security: WGC report

  Rural women say buying gold jewellery helps them command respect, according to World Gold Council report
  2 hours ago — Live Mint

• Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth

  ‘The biggest driver for economic recovery will be demand revival and consumption’
  2 hours ago — Economic Times

• Rupee settles 5 paise lower at 75.71 against US dollar

  The rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising
  2 hours ago — The Hindu Business
  • Rupee slips 8 paise to 75.74 against US dollar in early trade 2 hours ago — The Hindu Business
  • Rupee Slips 8 Paise To 75.74 Against US Dollar 2 hours ago — NDTV Business

• India coronavirus dispatch: 'Infodemic' is as dangerous as the virus itself

  From Kerala's smart testing and community care, to hospitals putting off elective surgeries, and the progress with solidarity trials so far - read these and more in today's India dispatch
  2 hours ago — Business Standard

• Agrochemical stocks rally; Bayer Crop hits new high, Dhanuka Agri soars 17%

  UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.
  2 hours ago — Business Standard

• Hugo Boss sees recovery in third quarter at earliest

  Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the coronavirus pandemic, the chief executive of German fashion house said on Wednesday.
  2 hours ago — Reuters
  • H&M sees furloughed headquarter staff returning to work in July 2 hours ago — Reuters
  • French economy could contract 20% in second quarter -INSEE 2 hours ago — Reuters

• Antibody drug tech firm AbCellera raises $105 million as it works on COVID-19

  Canadian drug discovery technology company AbCellera, which analyzes and identifies antibodies for pharmaceutical companies working on a coronavirus treatment and other medicines, said on Wednesday it had raised $105 million in funds.
  2 hours ago — Reuters

• Crude oil prices fall on US-China tensions over Hong Kong

  US West Texas Intermediate (WTI) crude was down 50 cents, or 1.5 per cent, at $33.85.
  2.5 hours ago — Economic Times
  • Oil falls on U.S.-China tensions over Hong Kong 2.5 hours ago — Reuters
  • Crude oil futures slump on weak global cues 2.5 hours ago — Economic Times
  • Gold prices hit 2-week low on reopening optimism 2.5 hours ago — Economic Times
  • Oil slips on demand worries, Hong Kong tensions 2.5 hours ago — Economic Times

• Mercedes-Benz to introduce 10 new models in 2020, unveils two AMG models at ₹1.33 crore & ₹2.48 crore

  These two are the additions to the Mercedes-AMG portfolio in India.
  2.5 hours ago — The Hindu Business

• Dentsu's Olympic year torpedoed by coronavirus outbreak

  Japan's largest advertising agency, Dentsu Group Inc , pulled its earnings guidance for the year ending December on Wednesday as the coronavirus outbreak, which has upended expectations of a bumper Olympic year, hammers client spending.
  2.5 hours ago — Reuters
  • Japan's Dentsu pulls earnings guidance due to coronavirus 2.5 hours ago — Reuters

• Short covering or a catch-up rally? What drove Sensex up 900 points

  Among the blue chips, bank and financial stocks were in heavy demand.
  2.5 hours ago — Economic Times

• Huawei Meng's U.S. extradition case hinges on key ruling in Canada on Wednesday

  A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.
  2.5 hours ago — Reuters
  • What happens next in Huawei CFO's U.S. extradition case 2.5 hours ago — Reuters
  • Timeline: Key events in Huawei CFO Meng Wanzhou's extradition case 2.5 hours ago — Reuters

• Birla Corporation Surges 43% In 2 Days As Profit Doubles In March Quarter

  The company registered a net profit of Rs 195 crore, up 51.9 percent on a year-on-year basis
  2.5 hours ago — NDTV Business
  • Newgen Software Q4 results: Profit dips 34% to Rs 41.5 crore 2.5 hours ago — Economic Times
  • Max Financial Services Q4 results: PAT plunges 96% on Covid-19 impact 2.5 hours ago — Economic Times
  • Firstsource Q4 results: Net profit dips 6.8% to Rs 91.5 crore 2.5 hours ago — Economic Times

• Adityanath relents, states don't need permission to hire UP migrants

  About 26 lakh migrants have already returned to the state and an exercise to map their skills is being carried out to help them get jobs.
  2.5 hours ago — Business Standard

• Base metals: Nickel, copper futures slide on weak demand

  Analysts said subdued demand in spot market mainly led to fall in nickel prices.
  2.5 hours ago — Economic Times

• Buy DCB Bank, target price Rs 131: Centrum

  The brokerage has lowered loan growth while increasing slippages estimates for the bank for FY21E/22E.
  2.5 hours ago — Economic Times
  • Sell Colgate-Palmolive, target price Rs 1094: Centrum Broking 2.5 hours ago — Economic Times
  • Buy Orient Cement, target price Rs 71: Centrum 2.5 hours ago — Economic Times
  • Buy Orient Cement, target price Rs 54: ICICI Securities 2.5 hours ago — Economic Times
  • Hold Thyrocare Technologies, target price Rs 541: ICICI Securities 2.5 hours ago — Economic Times
  • Buy UPL, target price Rs 466: ICICI Securities 2.5 hours ago — Economic Times
  • Buy Trent, target price Rs 525: ICICI Securities 2.5 hours ago — Economic Times

• Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake

  The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.
  2.5 hours ago — Business Standard

• Share market update: PSU bank shares gain; Canara Bank rises 4%

  The Nifty PSU Bank index was trading 2.74 per cent up at 1120.15.
  2.5 hours ago — Economic Times
  • Share market update: Metal shares shine; SAIL gains 3% 2.5 hours ago — Economic Times
  • Share market update: Bank shares up; Axis Bank jumps 4% 2.5 hours ago — Economic Times
  • Share market update: Auto shares down; M&M dips 2% 2.5 hours ago — Economic Times
  • Trending stocks: Axis Bank shares gain over 1% 2.5 hours ago — Economic Times
  • Trending stocks: YES Bank stock price gains nearly 1% 2.5 hours ago — Economic Times

• Avoid auto, financial & MF stocks: Pashupati Advani

  ‘Healthcare, logistics and diagnostics stocks will continue to perform well’
  3 hours ago — Economic Times
  • Market focus shifting to non-work from home stocks: Manish Singh 3 hours ago — Economic Times

• MARKET LIVE: Sensex leaps 900 points; Axis Bank, ICICI Bank top gainers

  Catch all the live market updates here
  3 hours ago — Business Standard
  • MARKET LIVE: Sensex holds gains, up 300 pts; broader indices underperform 3 hours ago — Business Standard
  • MARKET LIVE: Sensex gains 200 pts, Nifty tests 9,100; financials advance 3 hours ago — Business Standard
  • MARKET LIVE: Sensex gains 250 pts, Nifty tests 9,100; financials advance 3 hours ago — Business Standard
  • MARKET LIVE: Indices pare gains, Nifty below 9,050; Titan top laggard 3 hours ago — Business Standard
  • MARKET LIVE: SGX Nifty indicates a mildly positive opening for indices 3 hours ago — Business Standard

• Hong Kong unrest worries curb global shares rally

  Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about the re-opening of the world economy.
  3 hours ago — Reuters
  • Global Markets: Asian shares defy global rally as Hong Kong unrest rattles investors 3 hours ago — Reuters
  • Global Markets: Asian shares slip as new Hong Kong tensions rise 3 hours ago — Reuters

• Trying to figure out new market leaders post Covid disruption? Here’s your cue

  In fact, many analysts remain bullish on some of these stocks.
  3 hours ago — Economic Times

• Coronavirus LIVE updates: 792 fresh cases in Delhi, tally rises to 15,257

  Coronavirus update: Israeli scientists claim drugs for Gaucher's disease can cure corona. Track LIVE updates on Covid-19 cases and corona vaccine
  3 hours ago — Business Standard
  • Coronavirus LIVE: Delhi corona cases rise to 14,465; India tally at 151,876 3 hours ago — Business Standard
  • Coronavirus LIVE: Israeli scientists see Covid cure in Gaucher disease drug 3 hours ago — Business Standard
  • Coronavirus LIVE: India adds 6,387 cases and sees 170 deaths in 24 hrs 3 hours ago — Business Standard
  • Coronavirus LIVE: India cases cross 150,000-mark; global cases at 5,683,802 3 hours ago — Business Standard
  • Coronavirus LIVE: India cases cross 150,000-mark; global cases at 5,678,146 3 hours ago — Business Standard
  • Coronavirus LIVE: India cases cross 150,000-mark; US deaths hit 100,000 3 hours ago — Business Standard
  • Coronavirus LIVE: 2,091 new cases in Maharashtra; India death toll 4,197 3 hours ago — Business Standard
  • Coronavirus LIVE: India's fatality rate among lowest at 2.87%, says govt 3 hours ago — Business Standard

• Ola Electric buys Dutch scooter company Etergo valued at $92 million

  Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.
  3 hours ago — Business Standard
  • SoftBank-backed Ola Electric buys Dutch scooter company Etergo 3 hours ago — Reuters

• Renewing your motor insurance policy? Here’s why the premium could be lower

  In a bid to pass on the benefit to customers, some companies such as Acko General Insurance Ltd are offering a discount of around 10-15% on renewal of motor policies..However, as of now, not all insurers are offering significant discounts.
  3 hours ago — Live Mint

• European shares edge higher, focus on EU recovery plan

  The pan-European STOXX 600 rose 0.4 per cent in early deals, led by banks, travel and leisure stocks, and automakers.
  3.5 hours ago — Economic Times

• Australia shares dip on Hong Kong unrest; banks outshine

  The S&P/ASX 200 opened lower but recouped losses to rise 1 per cent in intraday trade.
  3.5 hours ago — Economic Times

• Nikkei hits 3-month high on speculative short-covering

  The Nikkei average gained 0.7 per cent to 21,419.23, its highest closing level since February 28.
  3.5 hours ago — Economic Times

• H&M set to cancel furloughs for 2,500 at Stockholm headquarters

  H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be able to return to work by July.
  3.5 hours ago — Reuters

• This Pidilite Industries-promoted stock has rallied over 100% in one month

  Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE
  3.5 hours ago — Business Standard

• Rising Swiss rivalry as Roche and Novartis target same diseases

  Swiss drugmakers Roche and Novartis released data on Wednesday on treatments aimed at winning sales from each other in eye disease and multiple sclerosis, in a sign of rising rivalry.
  3.5 hours ago — Reuters

• Pharma exports a rare bright spot for Singapore economy as pandemic drives demand

  Singapore's exports of pharmaceutical products have surged this year as the coronavirus pandemic prompts worldwide stockpiling of drug ingredients, providing a much needed salve for an economy facing its deepest recession in its 55-year history.
  3.5 hours ago — Reuters

• UK lockdown drives fastest growth in grocery sales for over 25 years

  UK grocery sales rose by 14.3% during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed on Wednesday.
  3.5 hours ago — Reuters

• Euro zone economy to shrink between 8% and 12% in 2020 - Lagarde

  The euro zone economy is likely to shrink between 8% and 12% this year as it struggles to overcome the impact of the coronavirus pandemic, European Central Bank President Christine Lagarde said on Wednesday.
  3.5 hours ago — Reuters

• Supercar group McLaren to cut 1,200 jobs across group amid pandemic

  British supercar manufacturer McLaren Group, which includes the Formula One team, said on Tuesday it would cut 1,200 jobs under a proposed restructuring programme as it deals with the fallout from the COVID-19 pandemic.
  4 hours ago — Reuters
  • Supercar maker McLaren to cut 1,200 jobs across group amid pandemic 4 hours ago — Reuters

• Mukesh Ambani's Jio listing can profit from US-China tech war

  Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?
  4 hours ago — Economic Times

• Hong Kong lines up MSCI derivatives launch amid doubts on city's future

  Hong Kong's exchange is launching derivatives with index provider MSCI in a deal that hurts rival Singapore and boosts its global appeal amid U.S. warnings that Chinese pressure on the city’s autonomy threatens its future as a financial hub.
  4.5 hours ago — Reuters
  • Hong Kong lines up launch of MSCI derivatives amid doubts on city's future 4.5 hours ago — Reuters
  • Hong Kong cenbank says security law won't change city's financial system 4.5 hours ago — Reuters

• Generate your own electricity bill to avoid paying a bomb later

  Read your electricity meter yourself and report it to your DISCOM to ensure it generates an accurate bill.Several DISCOMs have suspended metering and hand-held billing activities due to covid-19 restrictions
  4.5 hours ago — Live Mint

• Savings account interest rates falling? You can consider sweep-in FDs

  Interest rates on savings accounts, as well as fixed deposits, have been falling as RBI has been cutting policy rates..A sweep-in FD is a fixed deposit that is linked to your savings account.
  4.5 hours ago — Live Mint

• Lessons India’s FMCG Distributors Are Learning From Covid-19-Triggered Disruptions

  The disruption in supply chains due to coronavirus lockdown has brought with it pains as well as lessons for India’s FMCG sector.
  4.5 hours ago — Bloomberg Quint

• Very positive on Bharti Airtel, use dips to accumulate stock: Dipan Mehta

  ‘Telecom is one industry which is able to maintain its present earnings power’
  4.5 hours ago — Economic Times

• PBOC injects $16.8 billion via reverse repos, keeps rate unchanged

  With no reverse repos maturing on Wednesday, the PBOC injected the funds into the market on the day.
  4.5 hours ago — Economic Times

• India's PMS industry delivering abysmal returns! Here is why

  Returns (if one can even call them that) have been worse than putting money under the mattress.
  5 hours ago — Economic Times

• Torrent Pharma slips 6% on profit-booking; outlook remains a concern

  Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
  5 hours ago — Business Standard

• Reliance’s $7 billion rights rings in new trading venue in India

  Reliance’s rights entitlement began trading on May 20 at 151.15 rupees.
  5 hours ago — Economic Times
  • Reliance's $7 Billion Rights First To Test New Trading Platform In India 5 hours ago — NDTV Business

• Sensex Up Over 250 Points; Financials, Information Technology Stocks Gain

  Sensex today: At 11:53 am, the BSE Sensex was at 30,856.30, higher by 246.71 points or 0.8 per cent and the NSE Nifty was at 9,103.95, up 75.28 points or 0.8 per cent.
  5 hours ago — NDTV Business
  • Sensex Flat In Early Trading, Nifty Hovers at 9,000 5 hours ago — NDTV Business
  • Sensex, Nifty Likely To Open Flat 5 hours ago — NDTV Business

• Bombay High Court Allows Insolvency Plea Of Orbit Corp’s Former Directors

  The Bombay High Court appointed an official assignee to manage and initiate sale of properties belonging to the former directors.
  5.5 hours ago — Bloomberg Quint

• Trending stocks: Shree Steel Wire Ropes shares down 5%

  A total of 6,050 shares changed hands on the counter till 11:44AM (IST).
  5.5 hours ago — Economic Times
  • Trending stocks: Torrent Pharma shares fall over 4% 5.5 hours ago — Economic Times
  • Trending stocks: Dabur India shares dip over 1% 5.5 hours ago — Economic Times
  • Trending stocks: Infosys shares gain nearly 2% 5.5 hours ago — Economic Times
  • Trending stocks: Deepak Nitrite shares gain over 1% 5.5 hours ago — Economic Times
  • Trending stocks: Newgen Software shares slip over 4% 5.5 hours ago — Economic Times
  • Trending stocks: Power Finance Corporation shares slip nearly 1% 5.5 hours ago — Economic Times
  • Trending stocks: Blue Dart Express shares down over 2% 5.5 hours ago — Economic Times
  • Trending stocks: Bharti Airtel shares down nearly 1% 5.5 hours ago — Economic Times
  • Trending stocks: Vedanta stock price rises nearly 1% 5.5 hours ago — Economic Times
  • Trending stocks: SBI Card share price rises nearly 1% 5.5 hours ago — Economic Times
  • Trending stocks: HDFC stock price down nearly 1% 5.5 hours ago — Economic Times
  • Trending stocks: Reliance Industries shares flat in early trade 5.5 hours ago — Economic Times
  • Trending stocks: Titan Company shares down over 2% 5.5 hours ago — Economic Times

• Ola Buys Dutch Electric Scooter Company Etergo

  Ola said it will begin electric vehicle production work this year and plans to launch its first electric scooter in 2021
  5.5 hours ago — NDTV Business

• Prudent lenders like Axis Bank & Kotak Bank should keep some powder dry: SBICap Securities

  ‘The valuations at this point of time are fairly attractive across the financial sector’
  5.5 hours ago — Economic Times

• Biocon Subsidiary Receives Nod To Use Cytosorb In Covid-19 Treatment

  The licence will be effective until the COVID-19 outbreak is controlled in the country, the company said in a regulatory filing.
  5.5 hours ago — NDTV Business

• Twitter labels Trump's tweets as misleading, US President hits back

  Twitter's decision is likely to raise further questions about its willingness to consistently apply the label to other Trump's tweets
  6 hours ago — Business Standard
  • Trump hits back at Twitter after his tweets labelled as 'misleading' 6 hours ago — Business Standard

• 'Rally of hope': Why the S&P soared back past 3,000

  Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a 37% stock rally since its March low.
  6 hours ago — Reuters
  • S&P 500 clears 3,000 barrier on hopes of recovery, Covid-19 vaccine 6 hours ago — Business Standard

• Bajaj Finance, Bajaj Finserv hit over 2-year lows, recover later

  Thus far in CY 2020, Bajaj Finance and Bajaj Finserv have dipped 58 per cent, as compared to 26 per cent decline in the S&P BSE Sensex
  6 hours ago — Business Standard

• Stock market update: 28 stocks hit 52-week lows on NSE

  However, UltraTech Cement, ITC, Indian Oil Corp, Sun Pharma and Shree Cements were among the top losers.
  6 hours ago — Economic Times
  • Share market update: 14 stocks hit 52-week highs on NSE 6 hours ago — Economic Times

• Hold L&T Infotech, target price Rs 1,823: Axis Securities

  With depreciation in rupee, lower travel cost, lower onsite expenses, EBITDA margins are likely to expand in the near term. However, near term uncertainties may impact near term.
  6 hours ago — Economic Times
  • Reduce Bata India, target pric Rs 1,100: ICICI Securities 6 hours ago — Economic Times

• Commodity outlook: Crude oil gains; here's how others may fare

  Here is how SMC Global expects commodities to fare today.
  6 hours ago — Economic Times

• Sensex surrenders opening gains, drops over 60 points; Nifty near 9,000 level

  NSE Nifty fell 13.70 points.
  6 hours ago — The Hindu Business

• Factbox: Key spending in Japan's second stimulus package of $1.1 trillion

  Japan will compile a fresh stimulus package worth $1.1 trillion, which would be among the world's largest fiscal plans to cushion the economic blow from the coronavirus pandemic.
  6 hours ago — Reuters
  • Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain 6 hours ago — Reuters

• Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

  Sanofi will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron , the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth.
  6 hours ago — Reuters

• Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

  Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars.
  6 hours ago — Reuters

• Better Malaysia-India ties to boost crude palm oil prices - MPOB

  Crude palm oil prices may rise to 2,300-2,400 ringgit ($528.37-$551.34) per tonnne in the coming months as Malaysia's relationship with top importer India improves, industry regulator the Malaysian Palm Oil Board (MPOB) said on Wednesday.
  6 hours ago — Reuters

• SoftBank-backed Ola buys Dutch electric scooter company Etergo

  SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.
  6 hours ago — Reuters

• Singapore Exchange shares post steepest drop since 2008 on end of MSCI licence

  Shares in bourse operator Singapore Exchange Ltd suffered their steepest daily fall in more than a decade after the company said its profit would be hit when a licence to offer a suite of regional equity derivatives ends in February 2021.
  6 hours ago — Reuters

• Ola Electric acquires Netherland-based scooter-maker Etergo

  While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year
  6.5 hours ago — The Hindu Business

• Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows

  Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months
  6.5 hours ago — Business Standard

• Senior Indian, Chinese Army commanders in talks to defuse tension in Ladakh

  Parallel diplomatic channels in New Delhi and Beijing are also working towards a peaceful resolution.
  6.5 hours ago — Business Standard

• Prashant Jain’s investment tip: Don’t look at PE multiples this year, go by financials

  “Investing is about right understanding and it needs a lot of patience,” Jain said.
  6.5 hours ago — Economic Times

• Gold hovers near 2-week low on hopes of economic recovery

  Gold was trading near a two-week low on Wednesday as optimism around several economies re-opening dulled the metal's safe-haven appeal, although increasing Sino-U.S. frictions over Beijing's proposed security law for Hong Kong tempered losses.
  6.5 hours ago — Reuters
  • Gold eases as equities rally, Hong Kong woes limit losses 6.5 hours ago — Reuters

• Global energy investment expected to tumble 20% in 2020 due to COVID crisis - IEA

  Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
  6.5 hours ago — Reuters

• Titan dips 2% as Co gives biz update, defers launch of jewellery collection

  Titan expects cash outflow to be recovered when sale of jewellery restarts
  6.5 hours ago — Business Standard

• Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share

  The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.
  7 hours ago — Economic Times

• Biggest forecast cut for India; India FY21 GDP seen at -5%: Fitch Ratings

  Fitch Ratings sees global recession bottoming out.
  7 hours ago — The Hindu Business
  • Business Live: Indian economy to contract 5% in FY21, says Fitch Ratings 7 hours ago — The Hindu Business
  • Biggest forecast cut for India; India FY21 GDP seen at -5%: 7 hours ago — The Hindu Business
  • Biggest forecast cut for India; India FY21 GDP seen at -5%:Fitch 7 hours ago — The Hindu Business

• Indian Lenders May Need $20 Billion In Extra Capital, Estimates Credit Suisse

  Indian banks may see a rising need for capital as credit quality of borrowers weakens, leading to a jump in credit costs.
  7 hours ago — Bloomberg Quint

• Deepak Nitrite rises over 5% on strong March quarter nos, pares gains later

  The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
  7 hours ago — Business Standard

• Day 2 of flight resumption: Over 42,000 ferried; 2 test Covid-19 positive

  The air carriers also resorted to cancellation of several flights on the second day of resumption of services due to truncated schedules following requests from several states owing to the coronavirus
  7 hours ago — Business Standard

• Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results

  Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19
  7 hours ago — Business Standard

• Bata sees demand revival by September

  ‘Investment appetite remains; no price hike in short-term’
  7.5 hours ago — The Hindu Business
  • Metal stocks regain shine on hopes of China demand revival 7.5 hours ago — Economic Times
  • Bata sees demand revival by Sept. 7.5 hours ago — The Hindu Business

• White House says late-June G7 summit would be great reopening example

  President Donald Trump believes there would be "no greater example of reopening" than holding a summit of Group of Seven leaders in the United States near the end of June, the White House said on Tuesday.
  7.5 hours ago — Reuters

• Exclusive: Venezuela's PDVSA cuts crude blending, output as inventories rise - sources, documents

  Venezuela's state-run oil company Petroleos de Venezuela [PDVSA.UL] has cut crude production at several locations and its main crude blending plant has been operating intermittently this month due to mounting stockpiles, according to a half-dozen industry sources and documents seen by Reuters.
  7.5 hours ago — Reuters

• Gold prices today flat at Rs 46,265 per 10 gram amid mixed cues

  The dollar index rose 0.2 per cent, making gold more expensive for holders of other currencies.
  7.5 hours ago — Economic Times

• Uber India to lay off 600 people

  Company employs about 2400 people in the country.
  7.5 hours ago — The Hindu Business
  • Buy UPL, target price Rs 466: ICICI Securities 7.5 hours ago — Economic Times

• Trending stocks: SBI share price flat in early session

  Shares of State Bank of India traded 0.2 per cent up in trade at 09:30AM on Wednesday.
  7.5 hours ago — Economic Times
  • Trending stocks: Reliance Industries shares flat in early trade 7.5 hours ago — Economic Times
  • Trending stocks: Titan Company shares down over 2% 7.5 hours ago — Economic Times

• NYSE reopens trading floor after two-month coronavirus closure

  New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since March 23 due to the coronavirus outbreak.
  7.5 hours ago — Reuters
  • NYSE trading floor partially reopens after coronavirus closure 7.5 hours ago — Reuters

• Hold Supreme Industries, target price Rs 981: ICICI Securities

  Going forward, Supreme Industries is expected to report core PAT CAGR of 5.2 per cent over FY20-FY22E.
  8 hours ago — Economic Times
  • Buy UPL, target price Rs 466: ICICI Securities 8 hours ago — Economic Times
  • Reduce Bata India, target pric Rs 1,100: ICICI Securities 8 hours ago — Economic Times

• Virus Lockdown Put India's Animal Spirits To Sleep In April, Signals Data

  Asia's third-largest economy had a dismal start to the new fiscal year from April 1, after what's been an already disappointing beginning to the calendar year.
  8 hours ago — NDTV Business
  • Mega lockdown puts India’s animal spirits to sleep in April 8 hours ago — Economic Times

• Heatwave scorches north India; Delhi records hottest day in May in 18 years

  In New Delhi, Palam area recorded 47.6-degree Celsius, six notches above the normal, followed by Aya Nagar, Safdarjung and Lodhi Road
  8 hours ago — Business Standard

• Gold flat as Hong Kong concerns offset reopening optimism

  Asian shares shed some of their recent gains on concerns about rising Sino-U.S. tensions.
  8 hours ago — Economic Times
  • Hit by coronavirus, Kenyans turn to car boot commerce 8 hours ago — Reuters

• Palm oil climbs more than 2% on expectations of higher May exports

  Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
  8 hours ago — Economic Times

• Stocks to watch: Deepak Nitrite, RIL, Sun Pharma, Titan, Tata Motors, Dabur

  Here's a look at the stocks that may remain in focus today -
  8.5 hours ago — Business Standard
  • Stocks in the news: Titan, Kotak Bank, Sun Pharma 8.5 hours ago — Economic Times

• Global stocks pull back as Hong Kong uncertainty weighs

  Worsening relations between the world's two biggest economies will further hobble global growth, already in the doldrums due to the coronavirus pandemic worldwide.
  8.5 hours ago — Economic Times
  • LATAM becomes largest airline yet driven to bankruptcy by coronavirus 8.5 hours ago — Reuters

• Government may get RBI to monetise deficit

  The Covid-19 pandemic has had a devastating impact on revenues
  8.5 hours ago — Economic Times

• EU to unveil massive stimulus plan for post-coronavirus recovery

  The European Commission will on Wednesday unveil a plan to help the EU economy recover from its coronavirus slump with a mix of grants, loans and guarantees exceeding 1 trillion euros that raised controversy even before it was announced.
  8.5 hours ago — Reuters

• Amtrak needs $1.5 billion bailout, prepares to cut up to 20% of workforce

  U.S. passenger railroad service Amtrak said on Tuesday it needs a further $1.475 billion bailout and disclosed plans to cut its workforce by up to 20% in the coming budget year.
  8.5 hours ago — Reuters
  • U.S. passenger railroad service Amtrak says needs new $1.5 billion bailout 8.5 hours ago — Reuters
  • Hertz awards over $16 million in retention bonus to key executives 8.5 hours ago — Reuters

• Gold price today: Rs 46,799 per 10 gm; silver at Rs 48,000 per kg

  The gold jewellery prices vary across India - the second largest consumer of the metal - due to excise duty, state taxes and making charges
  8.5 hours ago — Business Standard

• Latest rate cut is adding to record corporate bond sales

  The pipeline of deals is growing with at least three state issuers seeking bids for as much as 110 billion rupees ($1.5 billion) of bonds on Wednesday.
  8.5 hours ago — Economic Times

• Third Iranian fuel cargo reaches Venezuelan waters, others unloading - data

  The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela on Tuesday reached the nation's exclusive economic zone as the previous two were discharging at state run PDVSA's ports, Refinitiv Eikon data showed.
  8.5 hours ago — Reuters
  • Third Iranian fuel cargo approaches Venezuela's economic zone - data 8.5 hours ago — Reuters

• Board Meetings Today: ​​Sun Pharma, Dabur India, Quess Corp, Ujjivan Financial Services and Heritage Foods

  Aditya Birla Fashion, JP Associates and Vaibhav Global are slated to report their March quarter results on Wednesday.
  8.5 hours ago — Economic Times

• Boeing set to announce significant U.S. job cuts this week - union

  Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.
  8.5 hours ago — Reuters

• China's industrial firms' profits fall in April but at slower pace

  Profits at China's industrial firms fell at a slower pace in April, helped by improvements in automobiles and electronics, but the economy faces persistent pressure as activity and demand remains weak after the coronavirus outbreak.
  9 hours ago — Reuters

• SGX Nifty down 30 points; here's what changed for market while you were sleeping

  Nifty futures on the Singapore Exchange traded 29.50 points, or 0.32 per cent lower at 9,047.50 in signs that Dalal Street was headed for a negative start on Wednesday.
  9 hours ago — Economic Times
  • Sensex, Nifty Likely To Open Flat 9 hours ago — NDTV Business

• Nifty view and stock picks by HDFC Securities: Buy JK Cement, Dixon Tech

  The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts
  9 hours ago — Business Standard

• High Frequency Indicators Begin To Rise From Record Lows

  Amidst easing restrictions, India’s economy shows signs of recovery in May after hitting a historic low in April. 
  9 hours ago — Bloomberg Quint

• Buy HDFC, target price Rs 2,345: ICICI Securities

  Once the situation normalises, many accounts moving out of moratorium will perform better given the profile of collateralised asset/customer class.
  9 hours ago — Economic Times

• Balancing Portfolio Weightages Key To Investments, Not Valuation: Hiren Ved

  Valuations or weightage? What should you refer to when deciding if it’s a good time to invest.
  9 hours ago — Bloomberg Quint

• World economic prospects darken, rebound delayed: Reuters poll

  Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
  9 hours ago — Reuters

• California eases pandemic restrictions; New York Stock Exchange opens

  California, the most populous U.S. state, took another step on Tuesday toward ending sweeping lockdowns imposed to contain the coronavirus pandemic, allowing barber shops and hair salons in most counties to operate for the first time in more than two months.
  9.5 hours ago — Reuters

• Morgan Stanley sees tighter oil market, raises Brent forecast

  Morgan Stanley on Tuesday raised its year-end Brent price forecast to $40 per barrel, citing a faster-than-expected balance in global oil demand and supply as countries ease coronavirus restrictions and major producers cut supply.
  9.5 hours ago — Reuters

• HKEX signs licence deal with MSCI to launch Asia, EM futures and options contracts

  Hong Kong Exchanges and Clearing Ltd said on Wednesday it will launch Asia and Emerging Markets futures and options contracts under a licence deal with global index publisher MSCI , as the bourse operator expands its product base.
  10 hours ago — Reuters

• Auto companies stare at bleak wholesale numbers in May

  While May will not have zero sales like April, clearly retail may overshadow wholesale nos
  10 hours ago — Economic Times

• Bharti Telecom raises Rs 8,433 crores, sells 2.75% in Airtel

  BTL’s stake in Bharti Airtel fell to around 36% after the deal. Correspondingly, the combined 58.98% holding of Bharti Airtel’s promoter group – Sunil Mittal-owned entities and Singtel – came down to 56.23%. Sunil Mittal’s Bharti Enterprises and Singtel own 50.56% and 49.44%, respectively, in BTL.
  10 hours ago — Economic Times

• Best of BS Opinion: India-China relations, the Covid curve, and more

  Here is a summary of Business Standard opinion pieces for the day
  11 hours ago — Business Standard

• Brokerages cut HDFC price targets, but remain bullish

  Bad loans to both individuals and real estate companies rose in the March quarter.
  12.5 hours ago — Economic Times

• Nokia shuts Tamil Nadu plant after 42 employees test positive for Covid-19

  Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.
  14 hours ago — Business Standard
  • Nokia shuts plant in Tamil Nadu after 42 test positive for coronavirus 14 hours ago — Reuters

• Migrant crisis: Lapses on part of Centre and states, says Supreme Court

  The top court issued notices to the Centre, the states and Union territories and sought their replies by May 28.
  14 hours ago — Business Standard

• Undeterred by the coronavirus pandemic, Skoda launches three new models

  Skoda has launched the models at a time when the pandemic and lockdown have sapped sentiments and India is staring at a recession
  14 hours ago — Business Standard

• Flights resumption: States' rules put a damper on air travel schedules

  Airline executives say occupancy was only 50-55% on Tuesday
  14 hours ago — Business Standard

• Cement firms hike prices even as expansion plans come to a grinding halt

  Two of the top three cement producers - UltraTech Cement and Shree Cement - have so far indicated they will go slow on certain expansions
  14 hours ago — Business Standard

• Uber trims a quarter of its India workforce, lays off 600 employees

  The move is part of a global restructuring plan announced earlier by Uber CEO Dara Khosrowshahi in view of dwindling fortunes amid Covid-19 lockdowns in several countries, including India
  14.5 hours ago — Business Standard

• Share sales in listed firms at record high of $4.4 billion this month

  Companies and shareholders across Asia have been taking advantage of a market rebound since late March to sell shares
  14.5 hours ago — Business Standard

• Importers cite masoor and tur shortage, want duty on inward shipments eased

  While processing units continued to operate at less than 30-40% capacity, transportation of pulses was impacted, spiking retail prices even as wholesale prices remained subdued
  15 hours ago — Business Standard

• Negative price trading on MCX: Brokers approach Sebi with alternatives

  MCX move follows after it settled April crude oil futures at minus Rs 2884 price even as their software was not permitting negative price trade following close of Nymex crude
  15 hours ago — Business Standard

• Govt open sources Aarogya Setu, announces bounty for finding security flaws

  Launches bug bounty plan to test its security effectiveness
  15 hours ago — Business Standard
  • Government Opens Up Aarogya Setu Program Code, Announces Reward For Finding Security Flaws 15 hours ago — Bloomberg Quint

• Foreign funds flee India's bonds just when it needs them the most

  The amount of sovereign securities held by global funds has slumped Rs 76,700 crore ($10 billion) from this year's peak in February
  15 hours ago — Business Standard

• Fitch Ratings, CRISIL, SBI Research see India economy shrinking in FY21

  CRISIL said it expected the current quarter's GDP to shrink 25 per cent year on year.
  15 hours ago — Business Standard

• Pharma, chemical stocks lead under lockdown, Aurobindo is top performer

  Within BSE-500, 79% stocks gave positive returns in two months of lockdown
  15 hours ago — Business Standard

• Reliance looks at Nasdaq listing for Jio Platforms; IPO likely by 2021

  Morgan Stanley is likely to be appointed the lead banker to manage the overseas listing, while Bank of America Merrill Lynch and Citibank may also be roped in for the IPO, another source informed.
  15.5 hours ago — Business Standard

• Cash holdings of PMS schemes dip in April as markets rebound, data shows

  Cash levels rose in March as markets tanked, prompting some of the value-oriented strategies to hold anywhere between 20-65% cash that month
  16 hours ago — Business Standard

• Bharti Airtel promoter raises Rs 8,433 cr by offloading 2.75% stake

  According to BSE data, Societe Generale picked up 35.3 million shares at Rs 561.1 apiece
  16 hours ago — Business Standard

• HDFC AMC marks down Essel’s NCDs by Rs 120 crore

  Zee shares fell from Rs 431 on April 1, 2019 to Rs 124 on March 31, 2020.
  17 hours ago — Economic Times

• Insurers plead inability to pay 4% on Ulips stopped during lock-in period

  The benefits paid on discontinued funds accounted for about Rs 35,000 crore for private sector insurers in FY19 and Rs 4,000 crore for LIC.
  17 hours ago — Economic Times

• Bosch sees auto on a slow road to recovery, faces valuation pressure

  This gloomy outlook which the company shared with investors after declaring its March quarter results could weigh on its valuations.
  17 hours ago — Economic Times

• Finshots Special: The Airlines' Curse

  An explainer on the lopsided economics of running an airline.
  17.5 hours ago — Finshots

• Five things to remember before booking air tickets

  Look at the policies regarding cancellation, credit shells and travel insurance claims
  17.5 hours ago — Live Mint

• Non-execution of pro-buyer orders a black spot on Rera

  Pro-buyer rulings by various real estate authorities have been defeated by not being implemented.You can get Rera to give a recovery certificate on the basis of which other authorities can recover the dues
  18 hours ago — Live Mint

• Covid-19 Lockdown: Fewer Cancellations, Refund Issues On Day 2 Of Flights  

  Fewer tickets were cancelled on the second day of airline operations after a two-month gap.
  18 hours ago — Bloomberg Quint

• Reliance Industries’ rights entitlement commands 7% premium on Day 4

  Over ₹1,290-cr. REs traded in 4 days
  18 hours ago — The Hindu Business

• FMPs are touted to be as safe as FDs, but understand the risks before investing

  FMPs are exposed to a lot more credit risk than FDs.By investing in corporate debt, they can give slightly higher yields than FDs
  18 hours ago — Live Mint

• Railways sending trains without prior intimation, alleges Kerala CM

  His comments came after Union Minister of Railways and Commerce Piyush Goyal criticised the state for denying approval to a train from Mumbai to Kerala.
  18 hours ago — Business Standard

• Without a Will, all Class 1 heirs inherit equal share in a property

  Courts have repeatedly held that nomination does not amount to beneficial ownership of an asset
  18 hours ago — Live Mint

• Apple to reopen about 100 U.S. stores, most with curbside pickup

  Apple Inc plans to reopen about 100 U.S. stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.
  18 hours ago — Reuters
  • Apple to reopen about 100 stores in U.S., most with curbside pickup 18 hours ago — Reuters

• Kotak Mahindra Bank Launches Rs 7,000-Crore Share Sale Through QIP

  Kotak Mahindra Bank launches a QIP worth over Rs 7,000 crore that will reduce the promoter holding by 3.4%.
  18 hours ago — Bloomberg Quint

• Russia plans to drill oil wells and pump in 2022 when OPEC+ deal expires

  The Russian government has tentatively approved a plan on drilling idle oil wells in order to prepare for restoration of oil production once the global deal on output curbs expires in 2022, according to a government statement published on Tuesday.
  18 hours ago — Reuters

• U.S. consumer confidence stabilizes; new home sales surprise

  U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was likely in the past as the country starts to reopen, but it could take a while for the economy to dig out of its hole amid record unemployment.
  18 hours ago — Reuters
  • U.S. consumer confidence stabilizes as economy reopens 18 hours ago — Reuters

• S&P 500 clears 3,000 barrier on hopes of recovery, vaccine

  ṄU.S. stocks jumped and the S&P 500 crossed 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
  18 hours ago — Reuters
  • S&P 500 tops 3,000 on hopes of economic recovery, COVID-19 vaccine 18 hours ago — Reuters
  • S&P 500 tops 3,000 points on hopes of economic recovery, COVID-19 vaccine 18 hours ago — Reuters

• Fitch forecasts 5% contraction of Indian economy over slump, lockdown

  Fitch said it has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO) for May, but the slump in global economic activity is close to reaching its trough
  18 hours ago — Business Standard
  • Biggest forecast cut for India; India FY21 GDP seen at -5%:Fitch 18 hours ago — The Hindu Business

• Oil prices rise as faith in supply cuts grows

  Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing.
  18 hours ago — Reuters
  • Oil prices gain as faith in supply cuts grows 18 hours ago — Reuters
  • Oil prices climb as faith in supply cuts grows 18 hours ago — Reuters

• Opinion | Why do equity and debt MF investors react differently?

  Retail investor behaviour is reflective of the distrust of the debt part of the market
  18 hours ago — Live Mint

• Coromandel International Q4 net surges

  Agri solutions provider Coromandel International has posted a ₹234 crore consolidated net profit for the quarter ended March that in comparison to the
  18.5 hours ago — The Hindu Business

• Hyundai gets 9,000 vehicle bookings, delivers 5,600 cars in 22 days

  Hyundai Motor India on Tuesday said it has received about 9,000 vehicle bookings and delivered 5,600 new cars in the last 22 days.The company, which h
  18.5 hours ago — The Hindu Business

• GDP to contract by 5% in FY21: Crisil

  Q1 GDP to shrink 25%; pre-crisis growth may not return in the next three fiscals
  18.5 hours ago — The Hindu Business

• Mukesh inducts son Anant in Jio Platforms board

  Reliance Industries (RIL) chairman Mukesh Ambani has inducted his youngest son Anant Ambani as an additional director on the board of Jio Platforms Li
  18.5 hours ago — The Hindu Business

• Queues and limited browsing in store for English shoppers

  People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to try products.
  18.5 hours ago — Reuters
  • English shoppers face queues, limited browsing when stores reopen 18.5 hours ago — Reuters

• Chalet Hotels to meet debt servicing obligations

  Chalet Hotels Limited of the K Raheja Corp., which owns top hotels such as the JW Marriott Sahar and two malls, said it would meet its debt servicing
  18.5 hours ago — The Hindu Business

• Exclusive: Coronavirus spreads in Brazil's oilfields, as 6 offshore operators register cases

  Norway's Equinor ASA, Brazil's Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources.
  18.5 hours ago — Reuters
  • Exclusive: Coronavirus spreads in Brazil's oilfields, as five offshore operators register cases 18.5 hours ago — Reuters

• Novavax launches its first coronavirus vaccine test on humans

  U.S. biotech company Novavax Inc has joined the race to test coronavirus vaccine candidates on humans and said it was targeting production of over a billion doses of its vaccine candidate next year.
  18.5 hours ago — Reuters

• Trump 'miffed' with China, trade deal now less important - adviser

  White House economic adviser Larry Kudlow said on Tuesday that President Donald Trump is so "miffed" with Beijing over the novel coronavirus and other matters that the U.S.-China trade deal is not as important to him as it once was.
  18.5 hours ago — Reuters

• Colombian factory adds bedrooms for workers as economy slowly reopens

  Colombian seamstress Nazly Penagos got an unusual offer from her boss: come live inside the Bogota factory to reduce the chance of getting sick with the novel coronavirus.
  18.5 hours ago — Reuters

• What’s mutation of title?

  Mutation is the process of updating the title of an immovable property in your name in the land revenue records
  18.5 hours ago — Live Mint

• Bharti Telecom raises over ₹8,433 cr. via stake sale

  Dividends from Bharti Airtel proved insufficient in servicing loans taken to acquire shares of the telco
  18.5 hours ago — The Hindu Business

• Ryanair challenges Lufthansa's bailout package

  Low-cost carrier Ryanair challenged Germany's 9 billion euro rescue package for Lufthansa on Tuesday, saying it distorted competition, while the German carrier moves towards finalising the deal next month.
  18.5 hours ago — Reuters

• Mexico's Televisa considers legal steps in breakdown of deal with Live Nation

  Grupo Televisa said on Tuesday it would consider its legal options after talks with U.S. firm Live Nation Entertainment failed to reach an accord over the latter's decision to pull out of a deal with the Mexican broadcaster.
  18.5 hours ago — Reuters

• Time for incentive-based scrappage policy

  Capacity utilisations across OEMs to suffer between 25-30%, says DICV CEO
  18.5 hours ago — The Hindu Business

• Glenmark to conduct ‘FAITH’ trials

  Study to test combined efficacy of Favipiravir, Umifenovir as potential COVID-19 treatment strategy
  18.5 hours ago — The Hindu Business

• TVS Motor announces pay cuts

  TVS Motor Company Ltd. has announced a temporary reduction in the salary of junior executives and senior management for six months, starting May 2020,
  18.5 hours ago — The Hindu Business

• Chinese President Xi Jinping asks military to scale-up battle preparedness

  Xi ordered the military to think about worst-case scenarios, scale up training and battle preparedness, promptly and effectively deal with all sorts of complex situations
  19 hours ago — Business Standard

• Government local bond yields in emerging markets slide to record low

  Yields on emerging market sovereign local currency debt have plumbed new lows this month, signalling an easing of some stress for countries that were hit with a spike in borrowing costs in the aftermath of the coronavirus pandemic.
  19.5 hours ago — Reuters

• Shanthi Gears Q4 profit drops 78%

  Shanthi Gears Limited (SGL), a subsidiary of Tube Investments of India Ltd. (TII), has reported a 78% decline in its standalone net profit for the fou
  19.5 hours ago — The Hindu Business
  • CPPIB annual net assets rise even as virus erodes returns 19.5 hours ago — Reuters

• Sebi slaps Rs 7 lakh fine on NHAI for disclosure lapses

  Sebi had conducted an examination in the matter of NHAI from financial year 2015-16 to 2018-19.
  19.5 hours ago — Economic Times

• Scotiabank profit drops 41%, more bad loans seen but stock still jumps

  Bank of Nova Scotia on Tuesday said loan-loss provisions will remain high after a second-quarter increase drove a 41% profit decline, but shares still jumped 5% as earnings still beat analyst estimates.
  19.5 hours ago — Reuters

• Trade setup: Nifty may see sporadic bounces, but will be shaky at higher levels

  Nifty saw a reasonably strong opening as markets opened after a gap of one day.
  19.5 hours ago — Economic Times

• Ex-biotech CEO pleads guilty in U.S. college admissions scandal

  A former biotech chief executive on Tuesday became the latest parent to plead guilty in the U.S. college admissions scandal by admitting he paid a tennis coach $50,000 to secure his daughter's acceptance to Georgetown University.
  19.5 hours ago — Reuters

• Reliance Power wins lawsuit challenging validity of arbitration award

  The total dues payable by Kokos Jiang and Prestige Capital Holdings stands at 68 million dollars as on the day of judgement
  19.5 hours ago — Business Standard

• IndiGo passenger travelling to Coimbatore found Covid-19 positive

  The coronavirus positive case was reported on the Chennai-Coimbatore IndiGo flight 6E 381
  19.5 hours ago — Business Standard

• Global Markets: Stocks rally, S&P 500 crosses 3000 barrier; oil gains

  Global equity markets strode higher on Tuesday, along with crude oil, as investors set aside Sino-U.S. rhetoric to focus on more stimulus in China and the prospect of a reopening world economy.
  19.5 hours ago — Reuters
  • Global Markets: Europe's travel sector soars, S&P 500 to break 3000 barrier 19.5 hours ago — Reuters

• Brazil sugar production up 55% in May; ethanol sales recover

  Brazil's centre-south region produced 2.5 million tonnes of sugar in the first half of May, up 55% from a year earlier, as mills continued to favor sweetener production over ethanol.
  20 hours ago — Reuters

• Pandemic forces virtual safety checks for oil tankers

  Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage.
  20 hours ago — Reuters

• Military leaders, Doval meet Modi as border tension with China continues

  China's strategy to put military pressure on India will not work, says Indian official.
  20 hours ago — Business Standard

• No restriction on broker’s power of attorney: Sebi

  The clarification came after a media report said that the market regulator has discontinued the use of POA.
  20 hours ago — Economic Times
  • Acting on its own, SC takes note of migrants workers' misery in lockdown 20 hours ago — Business Standard

• Here’s the Real Reason Gold Has Been Rising

  There’s a more straightforward explanation for gold’s recent rise. Gold goes up when interest rates go down.
  20 hours ago — Bloomberg Quint

• Crypto exchange CoinDCX raises $2.5 million in fresh funding

  Funds will be deployed towards a blockchain and cryptocurrency learning programme aimed at first-time cryptocurrency traders.
  20 hours ago — Economic Times

• Aaroyga Setu app to become open source, says govt after privacy controversy

  'Unique thing to be done,' says Niti Aayog CEO about Aaroyga Setu
  20 hours ago — Business Standard

• Nissan and Renault shelve merger plans to repair their alliance: sources

  Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.
  20.5 hours ago — Reuters

• Merck to buy Austrian vaccine maker as it jumps into COVID-19 race

  Merck & Co Inc, which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis Bioscience and would collaborate with research nonprofit IAVI to develop two separate vaccines.
  20.5 hours ago — Reuters

• Airlines crumble around the globe amid coronavirus pandemic

  The coronavirus crisis, which has virtually grounded global air traffic since March, has pushed several struggling airlines over the edge.
  20.5 hours ago — Reuters

• Global airlines body raises alarm over bailout debts

  Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry's recovery from the coronavirus crisis, a trade body said on Tuesday.
  20.5 hours ago — Reuters

• Ahead of Market: 12 things that will decide stock action on Wednesday

  A look at what some of the key indicators are suggesting for Wednesday’s market action.
  20.5 hours ago — Economic Times

• Brazil registers steepest monthly deflation in over quarter of a century

  Brazil experienced its most aggressive deflation for at least 26 years in May, according to a mid-month measure of consumer prices released on Tuesday, as the coronavirus crisis triggered a collapse in transport and related prices.
  20.5 hours ago — Reuters

• Healthineers ready to boost antibody test production to 50 million per month

  Siemens Healthineers stands ready to ramp up production of its antibody test to more than 50 million per month from June as governments across the world are keen to identify those who may have developed immunity to the coronavirus.
  20.5 hours ago — Reuters

• Markets too optimistic about coronavirus recovery - Deutsche Bank CEO

  Deutsche Bank chief executive Christian Sewing said on Tuesday that markets were too optimistic in their assessment of a recovery from the coronavirus crisis.
  20.5 hours ago — Reuters
  • LATAM becomes largest airline driven to bankruptcy by coronavirus 20.5 hours ago — Reuters
  • LATAM becomes largest airline to file for bankruptcy amid coronavirus 20.5 hours ago — Reuters

• Shipping plan would reel international emissions into EU carbon market

  The European Union's carbon market could capture a large chunk of emissions from outside Europe if the bloc succeeds in including shipping in the scheme, according to the European Commission's first report on maritime CO2 emissions.
  20.5 hours ago — Reuters

• Siemens to give shareholders 55% of Energy business spin-off

  Siemens will give 55% of its power business to shareholders when it spins it off in September, the German engineering group said on Tuesday, the latest stage in its shift away from a sprawling conglomerate.
  20.5 hours ago — Reuters

• Kotak launches $1 bn QIP, will issue 65 mn new shares for Rs 1,147.75 each

  The bank has the discretion to offer up to 5% discount on floor price to investors participating in the QIP programme
  20.5 hours ago — Business Standard

• Coronavirus may sow seeds of next financial crisis: ECB

  Europe's coronavirus pandemic has amplified financial vulnerabilities, raising the spectre of further crises ahead as debt levels soar and banks struggle, the European Central Bank said on Tuesday.
  20.5 hours ago — Reuters

• KFC to test revamped sandwich after last year's fried chicken frenzy

  Kentucky Fried Chicken on Tuesday will begin testing an overhauled sandwich featuring a bigger chicken filet and other modifications that could reignite last year's Great Chicken Sandwich Wars with rivals Popeyes and Chick-fil-A.
  20.5 hours ago — Reuters

• Coronavirus to cut South Africa's 2020 mining output by 8-10% - industry body

  South Africa's mining production is likely to fall by between 8% and 10% this year due to the COVID-19 pandemic, the CEO of industry body the Minerals Council said on Tuesday.
  20.5 hours ago — Reuters

• Lilly, Junshi Biosciences plan to start human trials of COVID-19 antibody in Q2

  Shanghai Junshi Biosciences Co Ltd said on Tuesday it plans to start clinical studies to test its experimental antibody against COVID-19 in the United States and China in the second quarter of the year, with partner Eli Lilly and Co.
  20.5 hours ago — Reuters

• Swiss trial begins of banker alleged to have ignored 1MDB warnings

  A banker went on trial in Switzerland on Tuesday charged with failing to sound the alarm over millions of dollars linked to scandal-tainted Malaysian sovereign wealth fund 1MDB.
  20.5 hours ago — Reuters

• PM 'low key', cannot be seen now that lockdown has failed: Rahul Gandhi

  Demands to know govt's plan after May 31; fears the pandemic will spread manifold in a "non-lockdown situation"
  20.5 hours ago — Business Standard

• Gujarat Ambuja Exports Q4 results: Net profit up 73% at Rs 54 crore

  Its net profit stood at Rs 31.51 crore in January-March 2018-19.
  20.5 hours ago — Economic Times
  • JPVL Q4 results: Net loss narrows to Rs 70.91 crore 20.5 hours ago — Economic Times
  • Firstsource Q4 results: Net profit dips 6.8% to Rs 91.5 crore 20.5 hours ago — Economic Times

• Torrent Pharma Q4 results: Posts net profit of Rs 314 crore

  The company had posted a net loss of Rs 152 crore for the corresponding period of the previous financial year.
  21 hours ago — Economic Times
  • JPVL Q4 results: Net loss narrows to Rs 70.91 crore 21 hours ago — Economic Times
  • Firstsource Q4 results: Net profit dips 6.8% to Rs 91.5 crore 21 hours ago — Economic Times

• Sony launches new BRAVIA series TVs in India, price starts at Rs 79,990

  The new lineup comes with Android 9 Pie with voice search powered by Google Assistant
  21 hours ago — Business Standard

• More customers may opt for moratorium: IDFC First Bank

  The bank has provided 100% moratorium to select segments like rural financing.
  21 hours ago — Economic Times

• Bulk deals: Societe Generale buys 3.53 crore Bharti Airtel shares

  Here’s who bought what in some of the key bulk deals of the day.
  21 hours ago — Economic Times

• UAE's NMC Health delays May staff salaries - memo

  UAE-based NMC Health has delayed this month's staff salaries and now expects to complete making payments by the first week of June, according to an internal memo seen by Reuters.
  21 hours ago — Reuters

• Coronavirus to trigger fresh consolidation across sectors, says BofA

  The first round of consolidation was triggered by demonetisation and implementation of the unified goods and services tax (GST) regime in 2016 and 2017.
  21.5 hours ago — Business Standard

• Mukesh Ambani Prepping Overseas IPO For Jio: Report

  The offering could happen in the next 12 to 24 months and the company hasn't decided on a listing venue.
  21.5 hours ago — NDTV Business

• Kremlin says OPEC+ to analyse market before deciding on further policy

  Kremlin spokesman said the deal on global oil production cuts agreed last month had definitely proved effective.
  21.5 hours ago — Economic Times

• ECB can deviate from countries' bond-buying quotas as needed

  The whole point of having flexibility is that you can deviate from the capital key
  21.5 hours ago — Economic Times

• S&P 500 breaches 3,000 mark for first time since early March

  The Dow Jones Industrial Average rose 316.68 points, or 1.29 per cent, at the open to 24,781.84.
  22 hours ago — Economic Times

• Bajaj Fin, HDFC Bank & ICICI Bank attractive bets from medium to long term perspective: Motilal Oswal AMC

  ‘A large part of value for a lot of private banks is coming from subsidiaries’
  22 hours ago — Economic Times

• Petroleum Minister’s explanation over fuel pricing conflicting: Veerappa Moily

  Govt. should have been more sensitive to the plight of the people, says ex-Minister reacting to Dharmendra Pradhan’s interview in The Hindu
  22 hours ago — The Hindu Business

• Sebi lays framework for selection of location as delivery centre for commodity derivatives contract

  The new framework will be effective from August 1, Securities and Exchange Board of India said.
  22 hours ago — Economic Times

• ICICI Bank-Maruti Offer ‘Teaser’ Car Loans Amid Covid-19 Slump

  Schemes include lower upfront equated monthly installments, which rise over the tenure of the scheme.
  22 hours ago — Bloomberg Quint

• Why cement stocks zoomed up to 20% today

  Shares of Birla Corporation zoomed the most at 20 per cent.
  22 hours ago — Economic Times

• Mukesh Ambani prepares Facebook-backed Jio Platforms for overseas IPO

  Investors are betting on Jio’s access to India’s huge consumer market.
  22.5 hours ago — Economic Times

• Warner Music kicks off $1.8 billion Nasdaq IPO

  Warner Music Group said on Tuesday it is aiming to sell up to $1.82 billion in stock in its U.S. initial public offering, potentially the largest New York IPO so far in 2020 as the market for new stocks rebounds after the COVID-19 pandemic put many debuts on hold.
  22.5 hours ago — Reuters

• Uber cuts 600 jobs in India as lockdown hits business

  Uber Technologies Inc has cut about 600 jobs in India as part of plans to reduce its global workforce by 23%, the company said on Tuesday, joining local rival Ola as the COVID-19 pandemic crushes demand for app-based cab services.
  22.5 hours ago — Reuters

• Ather Energy, Bounce join hands to monetize the idle time of scooters

  Ather is the first brand to partner with Bounce to make their products available through this program
  22.5 hours ago — Business Standard

• Home healthcare sees larger role amid Covid-19, seeks insurance coverage

  Covid-19 has expanded the market for home healthcare providers, enabling them to provide both at-home healthcare and remote healthcare, apart from reaching out to corporates
  22.5 hours ago — Business Standard

• Lockdown: SC takes suo moto cognizance of miseries of migrant labourers

  The top court listed the matter for May 28 and asked Solicitor General Tushar Mehta to assist it on the issues
  22.5 hours ago — Business Standard

• Warner Music seeks $13 billion valuation in Nasdaq debut

  The world's third-largest music recording label had in March delayed it plans to kick off the debut, set to be one of the year's bigger IPOs.
  22.5 hours ago — Economic Times

• Glenmark to conduct phase-3 ‘FAITH’ trial in hospitalised patients with moderate COVID-19 infection

  Glenmark to commence new phase 3 clinical trial on combination of two anti-viral drugs in hospitalised patients of moderate COVID-19 in India
  22.5 hours ago — The Hindu Business
  • Glenmark To Study Efficacy Of Two Antiviral Drugs For Covid-19 Treatment 22.5 hours ago — Bloomberg Quint

• Locusts put 10 UP districts on high alert; may hit summer moong crop in MP

  Locust attacks in 12 countries have damaged crops over millions of hectares since 2019. African and West Asian nations have been battling swarms since December
  22.5 hours ago — Business Standard

• Loan moratorium: Supreme Court directive to Centre, RBI

  Central to the challenge in petition is RBI notification of March 27.
  22.5 hours ago — The Hindu Business

• Demand in consumer discretionary segment likely to remain muted: BofAML

  ‘Positive on IT stocks as the earnings visibility is quite robust’
  23 hours ago — Economic Times

• Traders' Body Writes To PM, Suggests Measures To Counter Financial Stress

  In the letter, the traders' body said that e-commerce players should not be allowed to sell products over Rs 5,000.
  23 hours ago — NDTV Business

• Sanjiv Bajaj on how to build a successful business

  My confidence in India is very strong and six months or a year here or there, does not do anything.
  23 hours ago — Economic Times

• New wave of locusts raises fear for summer crops in India

  A new wave of locust attacks has alarmed India's farmers and experts warn of extensive crop losses if authorities fail to curb fast-spreading swarms by June when monsoon rains spur rice, cane, corn, cotton and soybean sowing.
  23 hours ago — Reuters

• Demand rise, output cuts could mean oil market balance in June

  Russia said its output had dropped almost to its quota for May and June under the deal agreed by major producers known as OPEC+.
  23 hours ago — Economic Times

• NYSE to reopen trading floor closed by coronavirus

  The NYSE floor is the last physical U.S. stock trading venue, as a slew of all-electronic competitors have emerged and eaten away at the Big Board's once dominant market share.
  23 hours ago — Economic Times

• 'Treat with urgency': SC tells govt about pleas against compulsory wages

  Home ministry has repealed order asking companies to pay wages during lockdown, but court says matter is larger and 'lot of people are affected'.
  23 hours ago — Business Standard

• Border row: Rajnath reviews Ladakh situation, road construction to continue

  It was clarified during the meeting that the Indian Army will hold its fort as talks to defuse the situation would continue in parallel
  23 hours ago — Business Standard

• Germany stamps authority on Lufthansa with $9.8 billion lifeline

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

• Indian edible oil conference postponed amid coronavirus outbreak - organiser

  India's biggest edible oil conference has been postponed as cases of the novel coronavirus rise in the world's biggest importer of vegetable oils, the organisers said on Tuesday.
  23.5 hours ago — Reuters

• Thai Airways submits bankruptcy request, court says

  Thai Airways International Pcl on Tuesday submitted a request to a bankruptcy court for rehabilitation of its debt, the court said, which if approved would give the airline time to negotiate with its creditors.
  23.5 hours ago — Reuters

• COVID-19 lawsuit takes on McDonald's like it was a rowdy bar

  As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and force employers to strengthen protection against further spread of the coronavirus.
  23.5 hours ago — Reuters

• Kotak Mahindra launches QIP to raise around Rs 7,100 crore

  The floor price, based on Sebi formula, is Rs 1,147.75 per share.
  23.5 hours ago — Economic Times

• French restaurant ruling puts coronavirus claims on global menu

  AXA said on Tuesday it would meet the bulk of business interruption claims from some restaurant owners in France after it lost a court case that was seen as a potential precedent for coronavirus-related disputes across the world.
  23.5 hours ago — Reuters

• India’s Fourth Recession Since Independence May Be Its Worst, Says Crisil

  Crisil expects real gross domestic product to contract by 5% in FY21.
  23.5 hours ago — Bloomberg Quint

• States’ Fiscal Deficit To Jump To 4.5% Of GDP in FY21, Says India Ratings 

  Led by a spike in revenue deficit, the aggregate fiscal deficit of states will rise to 4.5% of GDP in FY21, says India Ratings.
  23.5 hours ago — Bloomberg Quint

• This year is about revival, hope for much better growth next year: Sanjiv Bajaj

  'The company remains the same, it is going to get out of this more efficient than earlier more digital than earlier.'
  23.5 hours ago — Economic Times

• Exclusive: ECB prepares for the worst: life without the Bundesbank - sources

  The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case Germany's top court forces the main participant in the scheme to quit, four sources told Reuters.
  23.5 hours ago — Reuters

• Tuesday’s Market Movers: IT stocks, Airtel take a beating; cement stocks rally; 66 stocks flash 'buy' signals

  We tried to capture what really happened in Friday’s session.
  23.5 hours ago — Economic Times

• IMD issues red alert for Assam, Meghalaya; heatwave to peak in north India

  The IMD predicted that heatwave conditions are slated to peak due to prevailing dry winds blowing over northwest India, central India and adjoining interior parts of eastern India
  23.5 hours ago — Business Standard

• Gold Futures Fall Below Rs 46,650/10 Grams Mark Tracking Global Rates

  Gold Price Today: At 4:56 pm, the gold futures contract (delivery on June 5) traded at Rs 46,742.00 per 10 grams - down 0.49 per cent or by Rs 231 per 10 grams compared to its previous close.
  23.5 hours ago — NDTV Business

• Gold Prices Edge Lower As Global Equities Rise On Economic Recovery Hopes

  Gold is often used as a safe store of value during times of political and financial uncertainty.
  23.5 hours ago — NDTV Business

• Govt to raise Rs 80,000 cr via cash mgt bills to meet liquidity mismatch

  Issuance of CMB may mean liquidity available with govt won't be enough, especially after stimulus packages, and in the face of a falling revenue collection due to the nationwide slowdown
  23.5 hours ago — Business Standard

• Thailand to consider membership in Asia-Pacific trade pact in a month

  Thailand's cabinet has agreed to set up a committee to consider whether Thailand should seek membership in an Asia-Pacific trade agreement after widespread opposition last month amid concerns joining the pact may harm the agriculture industry.
  23.5 hours ago — Reuters

• China to subsidise airlines to support cargo flights from April 1 to June 30

  China's finance ministry said on Tuesday that it would subsidise Chinese and foreign airlines for cargo flights to and from the country in an effort to support the cargo industry and stabilise the global supply chains.
  23.5 hours ago — Reuters

• Bharti Telecom Sells 2.75% Stake In Airtel For Rs 8,433 Crore

  Bharti Telecom has sold 2.75% stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore.
  23.5 hours ago — Bloomberg Quint

• Britain's accounting watchdog investigates Eddie Stobart audits

  Britain's accounting watchdog has opened investigations into audits by KPMG and PwC of haulier Eddie Stobart Logistics.
  23.5 hours ago — Reuters

• Rs 90K cr package to provide only temporary relief to discoms: Ind-Ra

  Finance Nirmala Sitharaman earlier this month announced Rs 90,000 crore liquidity infusion for discoms, saying that they owe Rs 94,000 crore to power generation companies
  23.5 hours ago — Business Standard

• India’s GDP Growth Rate Seen At 1.2% For Q4 FY20, SBI Research Says

  SBI Research says coronanavirus cases in India could peak any time in the last week of June and the curve could flatten thereafter
  1 day ago — Bloomberg Quint

• F&O: Selling pressure on Bank Nifty likely to continue; Nifty range at 8,800-9,300

  Going forward, the 9,150 – 9,180 zone would act as a crucial hurdle.
  1 day ago — Economic Times

• FY21 GDP to contract 5%; pre-virus level unlikely in next 3 fiscals: Crisil

  Extension in lockdown, higher economic costs and an economic package that lacked muscle are the three key reasons why Crisil has downgraded the GDP forecast now
  1 day ago — Business Standard

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