Can India reform its telecom market and save Vodafone Idea in the process?September 20th, 2021 09:27 The relief would keep Vodafone Idea going, though stabilizing a business that has lost more than a third of its 400 million-plus subscribers in three years will need a lighter debt load, and a thicker equity cushion. In other words, a true revival will require an optimistic view of the future.
China Evergrande shares plummet on default risksSeptember 20th, 2021 09:27 The company's property management unit dropped over 8%, while its electrics car unit declined 2%. Movie streaming company Hengten Net, majority-owned by Evergrande, plummeted 10%.
US opens probe into 30 million vehicles over air bag inflatorsSeptember 20th, 2021 09:27 The National Highway Traffic Safety Administration (NHTSA) on Friday opened an engineering analysis into an estimated 30 million U.S. vehicles from the 2001 through 2019 model years. Automakers were alerted to the investigation, which is not yet public.
Gold subdued on dollar strength, Fed meet in focusSeptember 20th, 2021 08:30 Spot gold dipped 0.1% to $1,752.66 per ounce by 0050 GMT, while US gold futures edged up 0.1% to $1,753.80. The dollar index hit a near one-month high, denting gold's appeal for holders of other currencies.
Advent to buy Eureka Forbes for Rs 4,400 croreSeptember 20th, 2021 08:27 The loss-making business, a subsidiary of listed Forbes & Co, will be spun out through a National Company Law Tribunal approved demerger processs and then be listed separately
Asian stocks tense for Fed tapering newsSeptember 20th, 2021 07:27 Holidays in Japan, China and South Korea made for a thin start, and politics adds extra uncertainty with elections in Canada and Germany bookending the week.
‘57% cos say MSME revival needed to aid rural job market’September 20th, 2021 06:27 The report, which is based on a survey, said most of the respondents believed that the reason behind the high unemployment rate is the lack of employment opportunities available in the areas concerned.
Volcano erupts on Spanish island of La PalmaSeptember 20th, 2021 00:27 Soldiers were deployed to help with the evacuation, the defence ministry said, and it is expected that more residents will be evacuated from surrounding towns.
Remote work goes #39;luxury#39;, but many may be left outSeptember 20th, 2021 00:27 The digital divisions exposed by the pandemic are well-documented with striking examples like families using the wireless internet at fast food restaurants so their children could attend school online.
Congress leaders fear ripple effect from Punjab turmoilSeptember 20th, 2021 00:27 A former AICC office-bearer said once any party heavyweight dissents in the open, things may snowball further, hinting at a possible rebellion by Amarinder Singh in the run-up to Punjab assembly polls slated in the next few months.
Charanjit Singh Channi is Punjab CMSeptember 19th, 2021 21:27
Ending the day-long suspense, the Congress high command named Charanjit Singh Channi, the Technical Education Minister in Amarinder Singh Cabinet, as
Trade Setup: Nifty looks in for some rangebound consolidationSeptember 19th, 2021 17:27 From a technical perspective, Friday’s session marked a potential onset of some consolidation in the overbought market. The high point of 17,792 has potentially become the intermediate top and most immediate resistance for Nifty.
Why financial advisers need to be good story tellersSeptember 19th, 2021 17:27 Stories compel the investor to question his assumptions and understand consequences of certain behaviour. Authors Rosemary Smyth and Aaron Hoos, with their vast experience in the field of coaching financial advisers and sales managers in financial services sector recommend story telling to financial advisers.
Crypto Week at a Glance: Consolidation with mixed results for altcoinsSeptember 19th, 2021 14:27 Investor sentiment turned bullish post September first week for the broader market though price actions remained restricted. Trade volumes across exchanges dipped in anticipation of a clear breakout on either side. News from the crypto world continued to lean towards optimism.
Some profit taking normal now; allocate assets carefully: Gurmeet ChadhaSeptember 19th, 2021 10:27 "There are still some pockets which deserve some merit with a medium to long term view. Our market cap to GDP now is well above 125%. We are 27 times earnings on a trailing basis, about 4.5 times book value. So on every parameter, things are slightly higher than long-term averages and some judicious asset allocation is probably the need of the hour."
Sobha Ltd appoints Yogesh Bansal as CFOSeptember 18th, 2021 23:27 Bansal is a qualified Chartered Accountant, having over 18 years of experience in the areas of finance, accounting, internal audit, budget, process control-and improvement, internal finance controls, MIS, statutory compliances and business support.
France says to work with India to promote multilateral orderSeptember 18th, 2021 22:27 Jean-Yves Le Drian and Subrahmanyam Jaishankar also agreed during a call to deepen their strategic partnership, "based on a relationship of political trust between two great sovereign nations of the Indo-Pacific," the ministry said in a statement.