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Monthly Archives: July 2020

Eveready Industries FY20 profit jumps over 3-fold to Rs 179.5 crore

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

Posted byJuly 2, 2020Posted inAudio

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”

Posted byJuly 2, 2020Posted inAudio

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

Posted byJuly 2, 2020Posted inAudio

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

Posted byJuly 2, 2020Posted inAudio

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

Posted byJuly 2, 2020Posted inAudio

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

Posted byJuly 2, 2020Posted inAudio

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

Posted byJuly 1, 2020Posted inAudio

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.

Posted byJuly 1, 2020Posted inAudio

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

Posted byJuly 1, 2020Posted inAudio

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

Posted byJuly 1, 2020Posted inAudio

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