Money Control: July 2020

Friday, July 31, 2020

What’s on TV Saturday: ‘Seeing America With Megan Rapinoe’ and ‘The Last Narc’

By BY LAUREN MESSMAN from NYT Arts https://ift.tt/2Xxrr9d
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Finance Ministry working with RBI on need for loan restructuring: Sitharaman

The Finance minister also said that the decision on reducing GST rates on the healthcare and other products will be taken by the GST Council

from Moneycontrol Business News https://ift.tt/39LnMcr

James Murdoch resigns from News Corp board over editorial differences

While tendering the resignation, Murdoch also cited differences over certain strategic decisions of the company

from Moneycontrol Business News https://ift.tt/3k1LdDi

TV makers may opt for license instead of local manufacture for premium models: Report

This is because demand for these products may not warrant investment into local manufacturing

from Moneycontrol Business News https://ift.tt/3fnbWX7

This week in Auto: Banks tread cautiously on auto loans, Jaguar Land Rover gets new chief

Here is a complete look at all that have made headlines in the auto space during the week

from Moneycontrol Business News https://ift.tt/30fNB1m

Apple vendors, Samsung, others propose Rs 11 lakh crore mobile phone production under PLI scheme

Proposals submitted to the Ministry of Electronics and IT to avail PLI benefits are expected to create 12 lakh employment opportunities

from Moneycontrol Business News https://ift.tt/3fji2In

Noida police attaches builders#39; ill-gotten properties worth Rs 17.25 crore

Proceedings were launched against eight builders and their properties attached under Section 14 of the Uttar Pradesh Gangsters and Anti-Social Activities (Prevention) Act

from Moneycontrol Business News https://ift.tt/33gAy1G

â€˜PV business to get cash positive by FY23â€™: Tata Motors to retain control

Tata Motors has started talks with potential partners but has refused to share further details

from Moneycontrol Business News https://www.moneycontrol.com/news/business/â€˜pv-business-to-get-cash-positive-by-fy23â€™-tata-motors-to-retain-control_14108541.html

Corrections: Aug. 1, 2020

By Unknown Author from NYT Corrections https://ift.tt/2EzrQ41
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Quotation of the Day: China Wields Its Security Law to Crush Hong Kong Dissent

By Unknown Author from NYT Today’s Paper https://ift.tt/2PdaOuT
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Kodak’s chief executive was given stock options. Then the share price spiked 1,000 percent.

By Unknown Author from NYT Business https://ift.tt/3jYDHZK
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â€˜Just say yes or no,â€™ say candidates to companies â€˜ghostingâ€™ them after interviews

Several million people have lost their jobs across India are vying for better opportunities aggressively. But ghosting by potential employers is becoming a common problem.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/â€˜just-say-yes-or-noâ€™-say-candidates-to-companies-â€˜ghostingâ€™-them-after-interviews_14108501.html

Trump says US #39;may be banning#39; China-owned video app TikTok

Trump#39;s comments came after published reports that the administration is planning to order China#39;s ByteDance to sell TikTok

from Moneycontrol Business News https://ift.tt/31ahXl9

Three charged in massive Twitter hack, Bitcoin scam

In one of the most high-profile security breaches in recent years, hackers sent out bogus tweets on July 15 from the accounts of Barack Obama, Joe Biden, Mike Bloomberg and a number of tech billionaires

from Moneycontrol Business News https://ift.tt/3jZ9GsP

Microsoft said to be in talks to buy TikTok, as Trump weighs curtailing app

Itâ€™s unclear how advanced TikTokâ€™s talks to sell itself to Microsoft and other companies are, but changing ownership is crucial for the app

from Moneycontrol Business News https://ift.tt/30h2Wyu

Un estudio revela que los niños podrían portar altos niveles de coronavirus

By BY APOORVA MANDAVILLI from NYT en Español https://ift.tt/2DaSKz1
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Former RBI Deputy Governor Viral Acharya warns against privatisation of PSU banks at discounted prices

Citing the example of the South Asian crisis in 1997, Acharya said that a large number of public sector banks in the region had to be privatised post the crisis and in many cases were sold at fire sale prices to private equity investors from abroad.

from Moneycontrol Business News https://ift.tt/2Djd9S9

Canada’s Key Role in Creating a Once Awaited Vaccine

By BY IAN AUSTEN from NYT World https://ift.tt/2XaZ8gv
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Federal Agents Don’t Need Army Fatigues

By BY THE EDITORIAL BOARD from NYT Opinion https://ift.tt/2Dm00ru
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Kodak’s chief executive got stock options. The next day, the share price spiked 1,000 percent.

By Unknown Author from NYT Business https://ift.tt/3jWcpDk
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Court Frees Michigan Teen Who Was Held for Skipping Online Schoolwork

By BY AIMEE ORTIZ from NYT U.S. https://ift.tt/33e1xe5
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A Better Year for Trump’s Family Business (Last Year, That Is)

By BY BEN PROTESS, STEVE EDER AND MICHAEL H. KELLER from NYT Business https://ift.tt/3jZGstT
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In pics | This pilot couple together built a career, and a life, from the age of 19

Sneha Bhanot and Ayush Mahajan are commanders in Air India.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/in-pics-|-this-pilot-couple-together-builtcareera-life-fromage19_14105761.html

Copper futures rise marginally on fresh bets

On the Multi Commodity Exchange, copper contracts for August delivery traded higher by Rs 2, or 0.39 percent, at Rs 509.50 per kg in a business turnover of 4,059 lots.

from Moneycontrol Business News https://ift.tt/3gjyo54

Zydus Wellness June quarter net profit up 11% at Rs 89 crore

The company had posted a net profit of Rs 80.40 crore for the corresponding period of the previous year, Zydus Wellness said in a filing to BSE.

from Moneycontrol Business News https://ift.tt/2XdSdTK

In India, a diminished Nissan bets big on a small SUV

Unveiled this month and due to be launched either late this year or early 2021, the Magnite will be Nissan#39;s first new vehicle in India in two years. Moreover, it will be just one of three Nissan-branded models in the market after two others were pulled in April when tougher emission rules kicked in.

from Moneycontrol Business News https://ift.tt/2Pb2ADl

Facebook smashes revenue estimates amid pandemic, forecasts ad growth

Ad sales, which contribute nearly all of Facebook#39;s revenue, rose 10 percent to $18.3 billion in the second quarter as people under lockdown spent more time online and businesses rapidly pivoted to e-commerce. Monthly active users rose to 2.7 billion, ahead of estimates of 2.6 billion.

from Moneycontrol Business News https://ift.tt/3f9O0qk

RBI likely to leave repo rate unchanged in August policy meet: Report

The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6.

from Moneycontrol Business News https://ift.tt/2P8uiAL

Donald Trump offers, Democrats reject fix for $600 jobless benefit

Democratic leaders panned the idea in late-night talks at the Capitol, opting to keep the pressure on for a more sweeping bill that would deliver aid to state and local governments, help for the poor and funding for schools and colleges to address the pandemic.

from Moneycontrol Business News https://ift.tt/30c7Sou

India extends safeguard duty on solar imports, imposes anti-dumping duty on other items

The move is the latest among many by the Indian government to reduce dependence on Chinese imports

from Moneycontrol Business News https://ift.tt/3hXyG1B

The economy is in record decline, but not for the tech giants

Even though the tech industryâ€™s four biggest companies were stung by a slowdown in spending, they reported a combined $28 billion in profits on Thursday.

from Moneycontrol Business News https://ift.tt/2Dl9lQs

UGC final year exam: Supreme Court adjourns case till August 10

UGC final year exam: The apex court has asked MHA#39;s stand on the matter to be clarified and asked the state disaster management committee of Maharashtra to file its reply.

from Moneycontrol Business News https://ift.tt/30g1c92

From August 1, EPF will be back to 12% each for employee, employer

The idea behind the move, according to the government, is to offer support to workers and businesses who continue to face financial hardships in light of the coronavirus pandemic and the lockdown that followed.

from Moneycontrol Business News https://ift.tt/3faAliI

Tata Capital to invest Rs 225 crore in Biocon Biologics for minority stake

The deal for 0.85 percent stake values Biocon Biologics at an equity valuation of Rs 26,250 crore, or $3.5 billion

from Moneycontrol Business News https://ift.tt/2Dqvn40

Thursday, July 30, 2020

Control Print: A decent show in a difficult quarter, is it worth a long-term investorâ€™s attention?

Control Print#39;s healthy future prospects of the business and attractive valuations make it worthy of the attention of long-term investors.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/control-print-a-decent-showa-difficult-quarter-is-it-worthlong-term-investorâ€™s-attention_14104961.html

Jet Airways pays $13 million to acquire 6 Boeing aircraft, engines

The airliner has faced a series of accusations of unpaid dues, even being dragged to the NCLT since it was grounded in April 2019

from Moneycontrol Business News https://ift.tt/2Ewacy5

Their new factories are ready to roll but auto companies slam on the brakes

With the Covid pandemic showing no signs of abating, companies have put their expansion plans on hold in India. We look at how Ashok Leyland, Suzuki and Honda have been affected

from Moneycontrol Business News https://ift.tt/39IaBZN

Taking on SpaceX, Amazon to invest $10 billion in satellite broadband plan

Amazon said #39;Project Kuiper#39; will also benefit wireless carriers deploying 5G and other wireless services to new regions.

from Moneycontrol Business News https://ift.tt/3jX8KVN

Battered by nearly Rs 16,000 crore loss, Airtel CEO hints at another round of tariff hikes

We continue to believe that average revenue per user (ARPU) needs to move up to 200 and eventually to 300 for a sustainable business model, said Bharti Airtel CEO Gopal Vittal.

from Moneycontrol Business News https://ift.tt/2PeIecc

82% of corporate India expects recovery by June 2021: PwC survey

While 45 percent CXO respondents are keen to consider acquisitions, 20 percent are considering divesting non-core businesses, according to the PwC India report.

from Moneycontrol Business News https://ift.tt/3gf1geJ

RBI extends directions for three Maharashtra urban cooperative banks

RBI directions for Vasantdada Nagari Sahakari Bank, the Kapol Cooperative Bank and the Maratha Sahakari Bank have been extended for varying periods

from Moneycontrol Business News https://ift.tt/2Xfv2bw

Market veteran Madhu Kela shares the big mistakes he made while trading

With more than 30 years of experience in the stock market, Madhu Kela has been one of the most influential names of Dalal Street in the last decade

from Moneycontrol Business News https://ift.tt/3jWa7UC

Won#39;t profit from COVID-19 vaccine in pandemic: AstraZeneca

AstraZeneca has struck a number of deals around the world to supply the experimental COVID-19 vaccine, which has shown promise in early testing.

from Moneycontrol Business News https://ift.tt/33aomzf

Republicans and White House at Odds Over Kansas Senate Race

By BY JONATHAN MARTIN AND KATIE GLUECK from NYT U.S. https://ift.tt/2PbxtYh
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Ellen DeGeneres Apologizes to Staff Members as WarnerMedia Investigates Show

By BY NICOLE SPERLING from NYT Business https://ift.tt/3jZ6kG4
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Wednesday, July 29, 2020

As auto demand rises, discounts make way to price hikes

Bajaj Auto and TVS Motor company have raised prices while Maruti Suzuki has reduced discounts

from Moneycontrol Business News https://ift.tt/2ExJrtk

Kodak shares jump 300% after Trump announces US pharma deal

Existing facilities in Minnesota, New York, St. Paul and Rochester will be expanded under a new Kodak Pharmaceuticals arm

from Moneycontrol Business News https://ift.tt/30e0Z6d