Economy 2427 May12:0014:0016:0018:0020:00
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens

27 May 15:34 2 articles

India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

27 May 15:34 Business-Standard 1502508925821335314.html
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens

The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.

27 May 15:45 The Financial Express 1288289581251517088.html
Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21

27 May 15:07 2 articles

Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21

The slowdown in cement industry, which was already impacted by tepid economic activity, was compounded by the coronavirus-led lockdown instituted in March

27 May 15:07 Business Today 1145527431158025754.html
Animal Spirits stuck at the same place as lockdown stall economic activity

The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.

27 May 15:25 The Financial Express 1288289580569031943.html
Tamil Nadu to create 47,000 plus jobs, inks deals for over Rs 15,000 crore investment

27 May 15:09 2 articles

BPCL privatisation bid deadline extended; check new date

The company distributes 21 per cent of petroleum products consumed in the country by volume as of March this year.

27 May 15:09 The Financial Express 1288289580117275489.html
Tamil Nadu to create 47,000 plus jobs, inks deals for over Rs 15,000 crore investment

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

27 May 15:36 The Financial Express 1288289580360737054.html
Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

27 May 15:20 1 article

Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

According to Subbarao, the country is going to face its worst recession in the current financial year

27 May 15:20 Business-Standard 1502508925807511660.html
Better Buy: IBM vs. McDonald's

27 May 15:23 1 article

Better Buy: IBM vs. McDonald's

Learn which iconic brand is positioned for success after the COVID-19 pandemic.

27 May 15:23 The Motley Fool 2231313658905625970.html
Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh

27 May 15:27 1 article

Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh

Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis

27 May 15:27 Business-Standard 1502508925634775863.html
Reliance Jio pushed internet usage in India, coronavirus to accelerate it further: Morgan Stanley

27 May 15:43 1 article

Reliance Jio pushed internet usage in India, coronavirus to accelerate it further: Morgan Stanley

While Mukesh Ambani’s Reliance Jio brought telecom services revolution in India, the coronavirus pandemic will give a further push to digital adoption in the country as more and more people take to e-commerce to buy products.

27 May 15:43 The Financial Express 1288289581511185181.html
Renault, Nissan rule out merger, unveil plan to save troubled alliance

27 May 15:05 1 article

Renault, Nissan rule out merger, unveil plan to save troubled alliance

Renault and Nissan were among the weakest global automakers going into the coronavirus crisis

27 May 15:05 Business-Standard 1502508926165808198.html
How To Get Nearly $10,000 Off A New 2020 Chevy Silverado

27 May 15:44 1 article

How To Get Nearly $10,000 Off A New 2020 Chevy Silverado

Costco offers incentives on the Silverado, Suburban, and Tahoe that combine with Chevy's existing deals that are available elsewhere.

27 May 15:44 Motor1.com 1648269241562207550.html
With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China

27 May 15:03 1 article

With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China

Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.

27 May 15:03 The Financial Express 1288289580595494947.html
Why General Electric Stock Jumped Nearly 10% at the Open Today

27 May 15:02 1 article

Why General Electric Stock Jumped Nearly 10% at the Open Today

The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.

27 May 15:02 The Motley Fool 2231313658961018638.html
Vehant Technologies beats Covid-19 blues with AI-powered products

27 May 15:52 1 article

Vehant Technologies beats Covid-19 blues with AI-powered products

Known to be a pioneer in Artificial Intelligence (AI) based solutions, the start-up has sensed an opportunity in the 'colossal crisis'.

27 May 15:52 Business-Standard 1502508925909775023.html
NTPC to enter distribution space, eyes ADAG's two BSES discoms in Delhi

27 May 15:01 1 article

NTPC to enter distribution space, eyes ADAG's two BSES discoms in Delhi

The ADAG has two discoms namely BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL)

27 May 15:01 Business-Standard 1502508926302582699.html
Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde

27 May 15:31 1 article

Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde

Lagarde said the actual outcome would be between the "medium and "severe" scenarios

27 May 15:31 Business-Standard 1502508924721621052.html
Stocks mixed as tech sector weighs on the market

27 May 15:00 1 article

Stocks mixed as tech sector weighs on the market

Stocks were mixed Wednesday as a decline in tech shares kept the gains in check.

27 May 15:00 Msn 1509165514878161322.html
50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report

27 May 15:49 1 article

50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report

The report also reveals how 43% consumers are expecting decrease in overall spend in the next six months

27 May 15:49 The Financial Express 1288289581036815560.html
Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression

27 May 15:32 1 article

Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression

False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.

27 May 15:32 Bitcoinist.com 1696346936685271521.html
Govt orders probe against Jaiprakash Associates, Jaypee Infratech

27 May 15:25 1 article

Govt orders probe against Jaiprakash Associates, Jaypee Infratech

The Jaypee group has already sold many cement and power plants to reduce its debt

27 May 15:25 Business-Standard 1502508926104751539.html
Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover

27 May 15:55 1 article

Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover

JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out

27 May 15:55 Business-Standard 1502508926338325567.html
Northumberland Roman site gets rescue package to help it through coronavirus crisis

27 May 15:59 1 article

Northumberland Roman site gets rescue package to help it through coronavirus crisis

Vindolanda Trust gets loan from Lloyds Bank to help mitigate huge loss of visitor income

27 May 15:59 ChronicleLive 1984146901261460946.html
Coromandel International's Q4 PBT rises 91%, total income up 8.84%

27 May 15:01 1 article

Coromandel International's Q4 PBT rises 91%, total income up 8.84%

The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.

27 May 15:01 Business-Standard 1502508926442085683.html
Breaking: Tesla Cuts Model 3, X, & S Prices Up To 6% In North America, Model Y Unchanged

27 May 15:42 1 article

Breaking: Tesla Cuts Model 3, X, & S Prices Up To 6% In North America, Model Y Unchanged

According to Reuters, Tesla has cut prices in North America on all of its cars except the Model Y by up to 6%. At the same time, free unlimited Supercharging on Model S and X has been removed. The delivery times for custom ordered Model 3's has been reduced from 5–7 weeks to 3–5 weeks

27 May 15:42 CleanTechnica 1065744423437693093.html
SA plans R357bn infrastructure fund, ANC says

27 May 15:56 1 article

SA plans R357bn infrastructure fund, ANC says

Focusing on ‘network industries’ such as rail and ports, energy, broadband connectivity, water, sanitation and human settlements.

27 May 15:56 Moneyweb 1092550946627906524.html
Debt downgrades can push India bank fund raising to $20 billion

27 May 15:11 1 article

Debt downgrades can push India bank fund raising to $20 billion

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.

27 May 15:11 The Financial Express 1288289581597414109.html