“The current uptick in equity markets reflect the eternal conundrum of the linkage between the real and financial sector,” the SBI Ecowrap report said
Monthly Archives: June 2020
Apparel retailers’ revenue to dip 30-35% in FY21; Shoppers Stop, Lifestyle worst hit
The worst affected would be departmental stores (such as Lifestyle or Shoppers Stop) which could see a decline in revenue that could be as steep as 40 per cent, says the Crisil report
Coronavirus vaccine: WHO identifies AstraZeneca and Moderna Inc as frontrunners
While the general opinion of most experts and pharmaceutical companies is that a corona vaccine would be ready by mid-2021, researchers are still hoping for a 2020 breakthrough
India among top 3 nations getting Swiss info on bank accounts
Under mounting global pressure, the famed secrecy walls surrounding Swiss banks have already crumbled over the last few years and Switzerland has been making an all-out effort to present itself as a clean global financial centre while dispelling the long-held perception of its banks being secret wealth vaults
Bengal not part of migrants’ job scheme as TMC govt didn’t give data: Nirmala Sitharaman
“The West Bengal government has been opposing all pro-people policies of the Centre. Six states have shared data on migrant workers, following their return. West Bengal, however, did not,” the finance minister said
Google redesigns Photos app: 3-tab structure will help users relive memories
As photo libraries get bigger, searching for particular images becomes more difficult. With this redesign, Google understands the importance of search and has made it easy for users to quickly look for people, places and things
DCB Bank plans to raise up to Rs 1,000 cr via equity, debt
The bank plans to raise up to Rs 500 crore by issue of equity shares to qualified institutional buyers through qualified institutional placement, and an equal amount is slated to be raised by issuing bonds, debentures or securities on a private placement basis
Paytm Payouts processed Rs 1,500 cr in salaries, other benefits for enterprises
Paytm Payouts is a digital money transfer service for businesses to help them make payments to their employees, vendors and business partners
AC trains to have operation theatre-like fresh air pumped into coaches
The Railways has also increased the centralised AC’s temperature from the usual 23 degrees to 25 degrees as passengers are no longer being provided linen
Notice to AirAsia over pilot’s ‘unsafe landing’ allegations, says report
An AirAsia India spokesperson said, “AirAsia India confirms receipt of the notice and we are assisting the regulator in its fact finding process. We will fully cooperate with the regulator”