The original bridge loan was priced after adding about 90 basis points over LIBOR.from Stocks-Markets-Economic Times https://ift.tt/3iddTrW
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Novelis seeks bridge loan extension, refinancing
The original bridge loan was priced after adding about 90 basis points over LIBOR.from Stocks-Markets-Economic Times https://ift.tt/3iddTrW
Sony Pictures Networks India ropes in 8 sponsors for England-West Indies test series
The broadcaster has signed three co-presenting sponsors — Play Games 24x7 (My Inner Circle), Skoda Auto and ITC Deodorant (Engage). The five associate sponsors include Byju’s, Bharti Airtel, Maruti Suzuki, Mobile Premier League and Dafa News.from Sports-News-Economic Times https://ift.tt/38a2ZyG
Supreme Court seeks clarity from Centre on status of foreign Tablighis
The government had blacklisted 900 of them, a move which would not allow them to travel to India for 10 years. These foreign nationals later challenged the en masse blacklisting order against them in the top court. A bench led by Justice AM Khanwilkar allowed the government more time to respond to the petitionfrom News-Economic Times https://ift.tt/3eFYP3X
Citing UK, US models, opposition seeks monsoon session of Parliament
“The government does not need to consider seating all the MPs. We can follow House of Commons with only the prime minister, concerned ministers, leaders of political parties and chief whips being present and remaining MPs attending the House virtually through secure NIC portals,” deputy leader of Congress in Rajya Sabha, Anand Sharma, told ET.from News-Economic Times https://ift.tt/31tjHrp
Presence of 14 Chinese vehicles and 16 tents to be raised at WMCC meet
ET has learnt that PLA has increased military activity along LAC in eastern Ladakh’s Galwan Valley, including soldiers, military vehicles, earth-moving machinery and structures, according to reports. Satellite images indicate consolidation of Chinese positions in the area. The heightened Chinese presence in this sector will figure at the WMCC.from News-Economic Times https://ift.tt/3gc3laU
Virtual campaign discriminatory and violative of equality norms: Opposition to EC
RJD, Congress, the Left parties and others have argued that the concept “is socially and economically discriminatory” and, thus, against the “principle of equality” and “violative of a level-playing field in the democratic exercise” as virtual campaigns could exclude a large section of the rural people and the poor who have no access to digital connectivity.from News-Economic Times https://ift.tt/3dJxQDs
Nepalese PM KP Sharma Oli faces heat from party colleagues
Gautam, vice chair of Nepal Communist Party, was promised the PM’s chair, when last April Oli assured Gautam that he would step down and make way for him in future, ET has learnt from political sources in Kathmandu. To corner Oli, Gautam has now raised the issue of “compromises” made by Nepal to conclude the Mahakali Treaty with India in 1996.from News-Economic Times https://ift.tt/3ifgEck
China’s untenable demand to resolve Pangong standoff
China, sources said, is making unacceptable demands while the Indian position has been consistent that status quo ante has to be restored as the PLA has been the aggressor by moving its troops forward and setting up infrastructure across the Line of Actual Control (LAC).from News-Economic Times https://ift.tt/2BesyTj
Govt blocks 59 Chinese Apps, cites risk to sovereignty
The government on Monday “blocked” as many as 59 Chinese Apps, including TikTok, UC Browser, WeChat, Shareit and CamScanner, for “engaging in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order”. The move against the “malicious Apps" came after several complaints of stealing of user data.
from Times of India https://ift.tt/2BclgPT
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from Times of India https://ift.tt/2BclgPT
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KK Venugopal re-appointed as Attorney General
KK Venugopal has been re-appointed as Attorney General of India for a period of one year. "KK Venugopal, Senior Advocate as Attorney General for India for a period of one year with effect from July 1," read the notification. It further read that Tushar Mehta has been re-appointed as the Solicitor General for a period of 3 years or until further orders.
from Times of India https://ift.tt/2ZlvEwv
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from Times of India https://ift.tt/2ZlvEwv
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RIL close to buying Future’s retail business
Several other players like US-based retail giant Amazon had evinced interest in Future Group.from Stocks-Markets-Economic Times https://ift.tt/2VvcUtD
Stocks in the news: Vodafone Idea, Axis Bank, ONGC, Tata Steel and Aditya Birla Fashion
Deepak Fertilisers, Goa Carbon and Ircon International, are among the companies scheduled to announce their results on Tuesday.from Stocks-Markets-Economic Times https://ift.tt/38dTiPR
Mutual fund investors give middlemen the slip
Direct schemes do not entail distributor’s fee, which crimps the NAV of a unit.from Stocks-Markets-Economic Times https://ift.tt/2VwrdOr
Buy Ipca Laboratories, target price Rs 1,774: Dharmesh Shah
The analyst suggested a stoploss at Rs 1625.from Stocks-Markets-Economic Times https://ift.tt/2ZskWEO
The curious case of stock rallies after investor meets
Companies are required to disclose meetings with investors to stock exchanges.from Stocks-Markets-Economic Times https://ift.tt/2CWWpA9
Buy Tata Consultancy Services, target price Rs 2,210: Dharmesh Shah
The analyst suggested a stoploss at Rs 2040.from Stocks-Markets-Economic Times https://ift.tt/2AfDHmd
SBI MF, Damani take stakes in Andhra Paper
Andhra Paper reported earnings per share of Rs 53 for the year ended March 2020from Stocks-Markets-Economic Times https://ift.tt/3dMKIsl
Dow ends up 2.3% as US stocks bounce from Friday rout
The broad-based S&P 500 gained 1.5 percent to 3,053.24, while the tech-rich Nasdaq Composite Index advanced 1.2 percent to 9,874.15. Major indices lost more than two percent on Friday as coronavirus case spikes in numerous southern and western states exacerbated worries the US economic recovery would be derailed.from Stocks-Markets-Economic Times https://ift.tt/2VvcGCO
Vizag: 2 dead, 4 fall sick after gas leak at plant
Two workers died and four others were hospitalised following benzimidazole gas leakage from the Sainor Life Sciences pharma company at Jawaharlal Nehru Pharma City (JNPC), Parawada in Visakhapatnam in the wee hours of Tuesday.
from Times of India https://ift.tt/2Vx0elP
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from Times of India https://ift.tt/2Vx0elP
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Govt may license import of ACs, TVs to check shipments
The government is looking to license the import of 10-12 items, including air conditioners and several of its components, and parts of television sets as it discourages the entry of foreign goods into the country, especially those from China. While work on licensing of products had started a few months ago, with agarbatti and tyres being among the initial set of items along with palm oil, the list has expanded in recent weeks as tension on the Ladakh border escalated, government sources said.
from Times of India https://ift.tt/2VxufSq
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from Times of India https://ift.tt/2VxufSq
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HRD ministry wants Rs 2,300cr more for edu sector
In the backdrop of Covid-19, the HRD ministry projected a requirement of Rs 2,306.4 crore for the development of online courses/ programmes over five years. The ministry also presented a requirement of Rs 55,840 crore for providing ICT facilities to 3.10 lakh government schools. The government also proposed providing digital devices to 40% of the students in higher education.
from Times of India https://ift.tt/2VwkfsF
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from Times of India https://ift.tt/2VwkfsF
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Almost two-thirds of college grads can't find a job: Survey
Covid hits placement prospects of Class 2020 across 82% colleges, according to a survey. Most students have switched to online job portals, but 17% are taking the referral route and connecting with their college alumni, it said, adding that some students are also considering freelancing as a viable future career option.from Jobs-Economic Times https://ift.tt/3dMdPMv
Maha, Tamil Nadu extend lockdown till July 31
Maharashtra and Tamil Nadu governments on Monday extended the lockdown till July 31 to stop the surge of Covid-19 cases — with stricter norms in the Mumbai and Chennai regions. The Karnataka government has also indicated that it will bring back from July 7 harsher measures such as banning the entry and exit of people from high-risk districts
from Times of India https://ift.tt/3ihalVs
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from Times of India https://ift.tt/3ihalVs
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ITC remains a dividend play with FMCG bounce and Rs 20,000 crore cash
ITC posted a 6 per cent decline in sales with all segments posting a drop in revenues.from Stocks-Markets-Economic Times https://ift.tt/2Vu9Hdw
Stocks in the news: Axis Bank, ITC, Bajaj Finance, IDBI Bank, HDFC AMC, Piramal Enterprises and Sobha
S&P Global Ratings said it has lowered its ratings on Bajaj Finance to junk.from Stocks-Markets-Economic Times https://ift.tt/2YHoqUH
Dependence on H-1B has fallen significantly: Infosys CEO
The AGM was held virtually for the first time and 1,771 shareholders participated.from Stocks-Markets-Economic Times https://ift.tt/2Zh6Jue
Agencies keen to withdraw ratings of over 10,000 companies not sharing info
Officials are understood to have broached the subject at a recent meeting with regulators.from Stocks-Markets-Economic Times https://ift.tt/3dKyhgy
Five stocks with high interest on F&O traders’ radar for July
Technology shares rose on Friday after better-than-expected earnings from Accenture.from Stocks-Markets-Economic Times https://ift.tt/38a2J2t
States may oppose more power for RBI over co-op banks
Balasaheb Patil told ET that some stray incidents could not be a basis for regulatory changes.from Stocks-Markets-Economic Times https://ift.tt/2Zi6TRR
Boycott China: Checks on imports to hit drug, devices supply
Medical equipment such as infrared thermometers and pulse oximeters needed in the fight against Covid-19, among others, are stuck at the ports and may result in shortages soon, according to the Pharmaceutical Export Promotion Council (Pharmexcil).from News-Economic Times https://ift.tt/3i9yaPd
NIA to seek UAPA against Davinder Singh; MHA nod likely
The advocate arrested with Singh –– Irfan Shafi Mir –– is said to be the real conduit who was in touch with several agencies, officials at the Pakistan high commission and Hizbul militants, the NIA probe has revealed. Irfan’s father Mohd Shafi Mir was a constable with J&K police.from News-Economic Times https://ift.tt/3eCUq1E
Nadda-led BJP trying to turn LAC clash to its advantage in MP bypolls, Bihar assembly polls
BJP chief JP Nadda has been lashing out at Congress and the Nehru-Gandhi family, dubbing them pro-China, even as the Congress has been demanding that the BJP government come clean on the situation on the border and the hand-to-hand combat with the Chinese army on the night of June 15 that left 20 Indian soldiers, including a colonel, dead.from News-Economic Times https://ift.tt/31xbCSm
Bihar assembly polls: Challenges before state's main opposition party
Sources said RJD was likely to contest no less than 160-175 seats of the total 243 seats in the assembly. Unlike the 2019 Lok Sabha elections, RJD apparently wants to assert its position as the state’s main opposition party and ensure its high share of seats within the grand alliance.from News-Economic Times https://ift.tt/2YFTtQt
India's protectionism conflicts with aim to be the next China
It doesn’t look like India sees itself as the world’s next factory, which requires openness.from News-Economic Times https://ift.tt/3i8YQQ1
Amid India-China standoff, Indo-Japan navies conduct joint training exercise
Coinciding with the Indo-Japan defence exercise, the Association of Southeast Asian Nations (ASEAN) put out a statement that the South China Sea dispute should be resolved in line with international law, stressing on “the importance of non-militarisation and self-restraint”.from News-Economic Times https://ift.tt/3eIYOfw
India may step up scrutiny of imports from Chinese cos in Asean countries
The government has also sounded out industry and importers to identify such shipments that abuse the FTA as it contemplates actions such as enhanced checks on country of origin certificates by customs authorities. The FTA with Asean allows lower tariffs on most manufactured goods. India is seeking to lower its dependence on imports & looking for ways in which it can reduce trade and business ties with China.from News-Economic Times https://ift.tt/3eCLIAx
Phrase in UN 75th anniversary draft declaration changed after objection by India, five others
According to United Nations Association–UK (UNA-UK), a charitable company focusing on UK action at the UN, Britain's acting ambassador Jonathan Allen broke the silence procedure on June 24 "on behalf of the members of the 'five eyes' intelligence community - the UK, US, Australia, New Zealand, Canada and India.from News-Economic Times https://ift.tt/2ZlFcYz
Agriculture ministry eyes drones for night duty in locust fight
The broad specification comes a little over one month after India’s civil aviation regulator granted the agriculture ministry conditional exemption to use drones in anti-locust operations, making India the first country to do so.from News-Economic Times https://ift.tt/3i7zdPA
India-China dispute: Foreign Ministry level meet this week?
The likely meeting is expected to review new developments amid reports of PLA buildup along the LAC, ET has learnt. There are suggestions that the meeting could be held every week till the crisis is resolvefrom News-Economic Times https://ift.tt/3eCPDxc
Ladakh standoff: India's allies pitching in with weapons, ammunition
Additional Rafale jets, Israeli air defence system, US ammunition and Russian equipment worth $1 billion.from News-Economic Times https://ift.tt/2NAaJAz
Vaccine candidate shows promise in human trials: CNBG
The experimental shot, developed by a Beijing-based unit of CNBG, has induced high-level antibodies in all the inoculated participants in a Phase 1/2 clinical trial involving 1,120 healthy people, according to preliminary data of the trial, CNBG said in a posting on the social media platform WeChatfrom News-Economic Times https://ift.tt/2CIjOF4
Donald Trump tweets, deletes video showing ‘White Power’ chant
“Thank you to the great people of The Villages,” Trump tweeted. Moments into the video clip he shared, a man driving a golf cart displaying pro-Trump signs and flags shouts ‘white power’. The video also shows anti-Trump protesters shouting “Nazi”, “racist”, and profanities at the Trump backers.from News-Economic Times https://ift.tt/2NCpORZ
Germany to sever ties with accounting watchdog
Bild am Sonntag newspaper reported earlier on Sunday that the Justice and Finance Ministries would on Monday cut ties with the FREP, a quasi-private entity that supervises the financial statements of listed firms. “We have reached an agreement with the Finance Ministry to terminate the contract,” said the Justice Ministry official.from News-Economic Times https://ift.tt/3g8uWd2
Amazon India to hire 20,000 seasonal staff
E-commerce major Amazon India on Sunday said it is offering close to 20,000 'seasonal' or temporary employment opportunities in its customer service (CS) organisation to help customers in India and globally with a seamless online shopping experience.
from Times of India https://ift.tt/3g3Q6c8
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from Times of India https://ift.tt/3g3Q6c8
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Nifty likely to see selling pressure, gap- down opening
FIIs were net short index futures cumulatively by 17,725 contracts Friday.from Stocks-Markets-Economic Times https://ift.tt/3gbxFSH
Missing old data makes online tax payment tough
Citizen groups, residents welfare associations and experts have raised questions about the old property tax data, which was gathered over the last 12 years, not being utilised in the new portal made by National Informatics Centre.from News-Economic Times https://ift.tt/31nea5J
View: Rescue solvent companies but kill off zombies
The rescues mounted by the government and RBI will, rightly, save fundamentally productive firms, but also, wrongly, create many zombies. The government’s Rs 2 trillion rescue package is far from excessive.from News-Economic Times https://ift.tt/385qGIo
Kohli can change his game as required: Rathour
"He (Virat Kohli ) is not a one dimensional player, he can change his game as and when required. He plays every format differently and that has been one of his greatest strengths," Indian team's batting coach Vikram Rathour said.
from Times of India https://ift.tt/3i56tHn
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from Times of India https://ift.tt/3i56tHn
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New launch pad in TN to help Isro save fuel
The geographic location of the country’s second spaceport to be set up at Kulasekarapattinam in Tamil Nadu has a strategic advantage over launch pads in Sriharikota — small satellite launch vehicles (SSLV) can fly straight to the south pole without burning fuel to swerve around Sri Lanka on the way.
from Times of India https://ift.tt/2ZiQVHc
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from Times of India https://ift.tt/2ZiQVHc
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Woman sets self ablaze as hubby did not buy biriyani
A 28-year-old woman committed suicide at her house near Mamallapuram after her husband refused to buy chicken biriyani for her.
from Times of India https://ift.tt/2VqMyZt
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from Times of India https://ift.tt/2VqMyZt
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CG Power and Industrial Solutions Q4 results: Net loss widens to Rs 288 crore
Its net loss stood at Rs 189.23 crore in the same period last year.from Stocks-Markets-Economic Times https://ift.tt/31s8Fmb
Inox Wind Q4 results: Loss widens to Rs 192 crore
The company had reported Rs 53.56 crore loss in the same period preceding fiscal.from Stocks-Markets-Economic Times https://ift.tt/3g5YXtT
Custodial deaths spark national ire, no FIR yet
Condemnation of police for the deaths of P Jayaraj and his son J Beniks in judicial custody dominated social media and more complaints of police brutality against Covid curfew violators surfaced on Friday, but the state govt is yet to act against those responsible for the assault. No FIR has been registered against police, govt doctor, magistrate and jail personnel.from News-Economic Times https://ift.tt/389FcyP
South China Sea disputes should be resolved in line with international law: Mike Pompeo
After the 36th ASEAN summit on Friday, a joint statement was issued by the members of the bloc expressing concerns over the current situation in the South China Sea.from News-Economic Times https://ift.tt/2Zj1lXd
Fire breaks out at chemical factory in Gujarat's Anand district
No casualties have been reported yet. Due to the blaze, the administration has evacuated the surrounding areas.from News-Economic Times https://ift.tt/31oN9i4
Trump, Pence not briefed on Russia's bounties to kill US troops: White House
The New York Times (NYT) published an article on Friday, in which it cited unnamed government sources as saying that Trump was presented with an intelligence report that claimed that Moscow could have paid a bounty to Taliban in Afghanistan to kill US soldiers. The outlet said that Trump failed to act on the report.from News-Economic Times https://ift.tt/2ZdBL6g
CBIC extends validity of e-way bills in new set of relaxations
In notifications issued on Saturday, the Board further extended the time limit, till August 31, for authorities to issue orders or notices in case of rejection of full or partial refund claims.from News-Economic Times https://ift.tt/2YG17u8
India has worst case fatality ratio in new Covid epicentre of South Asia
Among the countries that are in the global top 20 lists by cases and deaths, India has the second highest daily growth rate of deaths (4.2%) and of cases (3.6%) over the last 15 days. Deaths are growing faster only in Chile at 4.4% a day while cases are increasing more rapidly in South Africa at 5.2% a day.from News-Economic Times https://ift.tt/3eESCoN
India's COVID-19 fight people-driven: PM Modi
In an address during the virtual meeting of the American Association of Physicians of Indian Origin (AAPI) on Saturday, Modi said COVID-19 had been used as an opportunity to work towards making the country self-reliant.from News-Economic Times https://ift.tt/2Vsdich
IAF watching Chinese bases, sure of matching air power
There has been “no major or fresh infusion of assets” by the People’s Liberation Army-Air Force at Hotan and Kashgar in Xinjiang as well as Gargunsa, Lhasa-Gonggar and Shigatse airbases said defence sources. But the Indian Army and IAF moved forward surface-to-air missiles and other such systems to tackle aerial threats.from News-Economic Times https://ift.tt/3eGWdCK
