Not promoting companies: U.S. State Department in 5G clarification
The U.S. has placed restrictions on its companies selling technology to Huawei and it has been urging other countries also. – The Hindu – Industry
Month: June 2020
Vistara announces 5-20% pay cut for 40% employees till December
The aviation sector has been hit hard by the pandemic. – The Hindu – Industry
Elon Musk’s Extraordinary Decade As Tesla Shares Grow From $17 To $1,000
As Wall Street waits for Tesla to report second-quarter production later this week, here are 10 key moments that shaped its extraordinary decade – NDTV Profit – Latest
Covid-19 may set back Indian banks’ recovery by years: S&P
The US-based rating agency expects non-performing loans in Indian banks will hit a fresh high, raising credit costs, and putting pressure on ratings. – Stocks-Markets-Economic Times
JSPL looks to divest Oman plant; shares up over 5%
The report added that Oman plant has a debt of about $750 million – Stocks-Markets-Economic Times
Motilal Oswal has a buy call on Emami, target price Rs 245
Emami has the opportunity to recover after a likely weaker first quarter FY21 vis-a-vis its peers. – Stocks-Markets-Economic Times
Disinvestment of LIC will be against Atma Nirbhar Bharat mission, says staff federation
It writes a letter to him against proposal – The Hindu – Industry
Sensex, Nifty End Lower As Pharma, Energy Stocks Drag Markets
COVID-19 cases continued to surge in India, with total cases rising to 5,66,840 as of Tuesday morning, including 16,893 deaths, according to health ministry data. – NDTV Profit – … Read More
UK Economy Contracts 2.2% In Worst Quarterly Slump Since 1979
UK’s economy shrank 2.2 per cent in the first quarter, or January-March period – NDTV Profit – Latest
Sensex Falls Over 350 Points From Day’s High; HDFC Bank, RIL Top Drags
Twelve of 19 sector gauges compiled by the BSE were trading lower led by the S&P BSE Oil & Gas index’s 1.45 per cent decline. – NDTV Profit – … Read More