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The index provider’s decision to cut China Mobile Ltd., China Telecom Corp. and China Unicom Hong Kong Ltd. at the close of business on Friday will apply to the companies’ Hong Kong-listed shares.
Local investors lead market rally as infections fallCLSA said in a note on Friday that the rate of daily case additions is now about 17 per cent below the recent peak seen during the ongoing second Covid wave. The rate of growth in infections is still up 251 per cent from the … Read MoreWarren Buffett sells 31-year-old investment in Wells FargoWarren Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a "dumb" incentive system and was slow to make things right.
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… Read MoreSputnik pact with DRL sends Shilpa Medicare to 7-month highThe company entered into a three-year agreement with Dr Reddy’s for the production of Sputnik V vaccine for Covid-19. The targeted production of the dual vector Sputnik V for the first 12 months is 50 million doses from the d… Read MoreSBI Research calls for cut in fuel pricesIn aggregate terms, family health expenditure may increase by as much as Rs 66,000 crore, or 11% of their consumption expenditure, this year from FY20. Consumers will feel the double pain of rising health expenditure and lowe… Read MoreAB Capital awaits RBI report to take bank callAfter reporting a net profit of Rs 1,127 crore (up 22%), Srinivasan said that the company has achieved scale due to its diversified platform that allows it to leverage customer relationships, brand value, talent and informati… Read More
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