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Monthly Archives: July 2020

Alibaba’s UCWeb lays off India staff, Club Factory halts payments after app ban

India last month outlawed the apps following a skirmish between Indian and Chinese forces on a disputed stretch of Himalayan border in which 20 Indian soldiers were killed

Posted byJuly 16, 2020Posted inAudio

India’s GDP to contract 9.5% in FY21 as state lockdowns hit recovery: ICRA

ICRA said that the country’s economy may have contracted by a sharp 25 per cent in the first quarter of FY21

Posted byJuly 16, 2020Posted inAudio

Bandhan Bank Q1 profit drops 32% to Rs 550 crore on higher COVID provisions

On the asset front, Bandhan Bank’s gross non-performing assets (NPAs), as a percentage of total advances, fell to 1.43 per cent in Q1 FY21 compared with 1.70 per cent in Q1 FY20

Posted byJuly 16, 2020Posted inAudio

Share market expectations: 7 things to know before tomorrow’s opening bell

Share market updates and Analysis for tomorrow: Stock market is expected to follow developments at Reliance Industries and Infosys, India’s trade data, rise in coronavirus cases and global cues onThursday

Posted byJuly 16, 2020Posted inAudio

Infosys continues winning large deals in Q1, guides 0-2% revenue growth for FY21

Infosys CEO Salil Parekh said that large deals and traction in newer areas like cloud, cost efficiency automation and consolidation have given some visibility to the company even amidst uncertainty

Posted byJuly 16, 2020Posted inAudio

RSS affiliate says attempts to cut imports from China are visible

The import from China of organic chemicals declined by 7.3 per cent and fertilisers by 11.4 per cent in 2019-20. Overall, in last two years, imports from China came down from $76.4 billion in 2017-18 to $65.3 billion in 2019-20

Posted byJuly 16, 2020Posted inAudio

YES Bank’s Rs 15,000 crore FPO subscribed 24% on Day 1; issue to close on July 17

YES Bank FPO: The portion reserved for institutional investors was subscribed 66 per cent, while the non Institutional quote was subscribed 4 per cent

Posted byJuly 16, 2020Posted inAudio

Head start in 5G race for Reliance, next billion users for Google – what Rs 33,737 crore deal means

During his nearly 90-minute speech at the AGM, Mukesh Ambani made two big statements for his digital businesses: Rs 33,737-crore investment from Google, and the development of homegrown 5G solutions

Posted byJuly 16, 2020Posted inAudio

Zoom for Home personal collaboration device debuts for $599

Zoom for Home features a 27-inch 1080p LED touch display along with three built-in wide-angle cameras for high-resolution video, an 8-microphone array for audio in meetings and phone calls, an HDMI port and an Ethernet LAN port

Posted byJuly 16, 2020Posted inAudio

Rebooting Economy VI: Is Modi govt ignoring job crisis in India or unable to tackle it?

For years, job crisis has remained unacknowledged and un-remedied; the COVID-19 pandemic worsened it, but the government has no information on job loss or policy response to it, except for a few relief measures

Posted byJuly 16, 2020Posted inAudio

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