For the January-March quarter of FY20, Eveready Industries’ net profit surged multi fold to Rs 63.73 crore as against Rs 4.04 crore in Q4 FY19
Monthly Archives: July 2020
Don’t rejoice! India’s first current account surplus since 2007 is deceptive
Although marginal, India’s current account balance seems like a positive news. But economists attribute it to lower domestic demand, “which definitely is not a good thing”
ByteDance confident ban on TikTok, Helo will be lifted soon
ByteDance has been prompt in compliance with the ban to win government’s trust – it removed and restricted access to TikTok and Helo before authorities stepped in. Now it is trying to fix the ongoing issues with government soon
No layoffs, salary cuts on cards, assures CEO Kevin Mayer after TikTok ban
In a 30-minute-long town hall, TikTok CEO Kevin Mayer told ByteDance employees that he was closely monitoring the situation and actively engaging with the government in all the dialogues
Conspiracy theories blame 5G for COVID-19 as studies on health effects remain scant
The World Health Organisation has released an advisory clarifying that viruses, including coronavirus, don’t travel on radio waves or mobile networks
Indian Railways seeks private investment of Rs 30,000 crore to run 109 pairs of trains
Former Railway Board Chairman Arunendra Kumar said that the project could take 3-5 years to take off given that the private parties will procure rolling stocks and then it will need to be certified for safety
Coronavirus impact: 60% hotel operators feel revenue recovery to take 2 years
The survey conducted by real estate consultancy firm JLL further said that only 20% of respondents believe that their hotels could bounce back to 2019 Revenue Per Available Room or RevPAR levels within 6 to 12 months
ONGC share price slips 4% on first ever quarterly loss of Rs 3,098 crore
ONGC share price slipped 3.93% to Rs 78.2 against previous close of Rs 81.40.
Another coronavirus wave can result in loss of 340 million jobs: ILO
The report said that there was a 14 per cent drop in global working hours during the second quarter of 2020, equivalent to the loss of 400 million full-time jobs
Hero MotoCorp domestic sales fall 27% to 4.5 lakh units in June
For the first quarter of FY21, Hero MotoCorp reported total sales of 563,426 units as most of its plants remained closed in wake of coronavirus pandemic