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Monthly Archives: June 2020

Dow opens over 800 points down, S&P 500 falls 2.6% amid US Fed’s grim economic outlook

The Dow Jones fell 856 points or 3.2 per cent to open near 23,133, while the S&P 500 plunged 84 points or 2.6 per cent to open near 3,106. The Nasdaq Composite opened 220 points or 2.2 per cent lower, near 9,800

Posted byJune 11, 2020Posted inAudio

Jama Masjid closed till June 30 due to ‘critical’ COVID-19 situation in Delhi

The development comes after the Shahi Imam’s secretary Amanullah died due to the novel coronavirus at the Safdarjung Hospital on Tuesday night

Posted byJune 11, 2020Posted inAudio

Sensex dips below 34,000, logs biggest single-day drop in 3 weeks

The HeroMotocorp, Power Grid, Nestle and Mahindra & Mahindra, settled the trade just a shy of 1 per cent. The biggest losers included SBI and Sun Pharma which fell over 5 per cent during the day

Posted byJune 11, 2020Posted inAudio

Study finds deeper correlation between blood group, coronavirus vulnerability

Preliminary data from a 23andMe study indicates that O blood type appears to be protective against the virus when compared to all other blood types

Posted byJune 11, 2020Posted inAudio

GST Council likely to discuss revenue augmentation, late fee waiver on Friday

GST Council has been debating on revenue augmentation, amid severe revenue constraints before Centre and states, however, the Council is not likely to take any decision on increasing GST rates

Posted byJune 11, 2020Posted inAudio

RBI suggests capping bank CEO’s tenure to 10 years for promoters, 15 years for non-promoters

Thereafter, the individual shall be eligible for re-appointment as whole time director or CEO only after the expiration of three years, the RBI said

Posted byJune 11, 2020Posted inAudio

George Floyd protests: Amazon stops police use of facial recognition software

Amazon, due to its prominence and defense of facial recognition, has faced the brunt of criticism, giving symbolic significance to its announcement

Posted byJune 11, 2020Posted inAudio

ICICI Bank, US firm Apollo Global to end joint venture AION Capital

Apollo will continue to advise on AION investments until the end of the fund’s term, but, both firms are free to pursue other business opportunities independently

Posted byJune 11, 2020Posted inAudio

Unlock 1.0 sees pent-up demand driving sales by up to 75%; supply-side constraints still a problem

Higher production and delivery costs, liquidity crunch, labour shortages, lack of public transport for workers prevented a faster resumption of activity, stated the CII survey

Posted byJune 11, 2020Posted inAudio

Plea to declare PM CARES Fund as ‘public authority’ not maintainable, PMO tells Delhi HC

On June 2, the CPIO of PMO refused the information on the ground that PM CARES is not a public authority under the ambit of RTI Act, the plea said while challenging this decision

Posted byJune 11, 2020Posted inAudio

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