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Kodak triples on loan to make Covid-19 drug ingredients: Gains 203% in one trading session

The stock had closed the regular trading session with a gain of 203%, bringing it to its highest price in two and a half years.

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Gold loans may get cheaper; banks rush to lure Indian families willing to cash in gold price rally

Now, financial firms and banks are using that demand to lure more customers from pawnbrokers and money lenders.

Gold loans, coronavirus pandemic, gold price rally, gold price, Indian consumers, HDFC Bank Ltd, Muthoot Finance Ltd, World Gold Council, latest news on gold loans

Photography giant Kodak carves out new business unit for manufacturing drugs, shares sky-rocket 2,441%

Shares of Eastman Kodak Co. have leapt 2,441% higher this week, sending its market valuation to nearly $2 billion.

Bond sales surge, forcing govt to retire its benchmark 10-year debt as markets struggle to keep up

The government is retiring the current benchmark 10-year debt just two months after it was issued, compared to about 12 months for earlier offerings, to make way for a new issuance.

MobiKwik, Policybazaar, Paytm urge Modi to be tougher on Chinese rivals as they eye growing internet arena

Leaders in technology industry are urging the govt to go even further to protect the interests of local companies against foreign rivals, or risk ceding the world’s fastest growing internet arena.

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Yes Bank is a zombie left with a half rescue; but, enlisting depositors will be even bigger disaster

A half-rescue is bad enough, as the ongoing Yes Bank misadventure has painfully underscored. Enlisting depositors to top up the capital tank would be a bigger disaster.

Raymond cuts jobs, slashes costs by one-third amid coronavirus; says it is opportunity to re-set

Raymond Ltd., one of the world’s biggest producers of worsted wool fabric used to make quality suits, is cutting costs by more than a third as people shelter at home from the coronavirus outbreak.

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U.S. homeownership rate soars to highest level since 2008

The housing market has defied expectations, rebounding strongly after a pause starting in March when most U.S. businesses shut down to slow the spread of Covid-19.

U.S. homeownership rate, housing boom, Covid-19, Mortgage rates, Great Depression

As Infosys, TCS, other IT firms beat earning estimates, Indian tech stocks see biggest upgrades since 2013

With India’s biggest technology companies joining their global peers in topping earnings forecasts, analysts are turning extremely bullish on the sector’s outlook.

World economy’s sputtering recovery threatened by flaring coronavirus

Even when a vaccine does come, there’s going to be a wait before it’s available globally, former Indian central banker Raghuram Rajan told an online conference last week organized by DBS Group Holdings Ltd.

The U.S. rebound is stalling after coronavirus infections spiked in a host of states.

U.S. Futures rise, gold pierces record on Fed bets: Earnings reports from Nasdaq 100 companies awaited

S&P 500 contracts pointed to a rebound in equities from a weekly drop.

S&P 500 contracts, U.S. stock futures, gold, dollar, Covid-19, Nasdaq 100

Mutual funds face first monthly withdrawals in four years as credit crunch pushes investors to cash out

Equity mutual funds in India may witness their first monthly net outflows in more than four years as investors continue to cash out to tide over the pandemic-related credit crunch.

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One Nation One Ration card: Coronavirus spurs digitization of food rationing; govt eyes migrant return

The coronavirus outbreak is accelerating a push to digitize India’s food-rationing system, allowing citizens to receive entitlements anywhere in the country -- boosting labor mobility and the country’s economic recovery.

Global gold prices cross $2,000, silver soars too as coronavirus boosts demand for havens

Gold extended its record-breaking rally, with futures touching $2,000 an ounce for the first time ever, and silver surged as a plunge in the dollar and the fallout from the coronavirus pandemic boost demand for havens.

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Coronavirus ignites investment appeal of Indian drugmakers; profit forecasts for pharma firms surge

Indian drugmakers are on track to become a staple investment for some equity investors after being spurned for at least five years.

Gold extends surge to record as haven demand builds before Fed

Bullion’s move came as a gauge of the dollar fell to the lowest in more than a year amid negative real rates in the U.S.

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RBI Monetary Policy Committee to be rejigged soon; four new faces in the panel to set repo rate

India’s central bank will soon have a new group of policy makers setting interest rates and possibly a change to its mandate too.

Banks' gross NPA may rise to 12.5% by March 2021 says RBI FSR

Gold price soars to highest ever, further rally inevitable as Global Financial Crisis-like fears mount

Spot gold climbed to an all-time high as the dollar plunged and concerns about the global economy boosted demand for havens.

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Tata Steel eyes mega investment from UK govt in its British operations for up to 50% stake

The proposal, which is one of the options the company is considering, would also involve the Indian company writing off a similar amount of debt it’s owed by the U.K. business.

How to beat Coronavirus fast: These elite contact tracers show how to stop Covid-19 spread without Lockdown

The work of such so-called Immediate Response Teams offers a look at how South Korea -- once the second worst hit by the coronavirus -- has succeeded in largely quelling its spread without the lockdowns

How to beat Coronavirus fast

Mukesh Ambani cracks group of top 5 richest persons with Rs 5,75,380 crore fortune

The jump in ranking is just the latest milestone for Ambani, 63, whose fortune has surged by $22.3 billion since the beginning of the year.

Ambani cracked the group of the 10 richest people just last month.

Jobs are being wiped out at aviation industry, and there’s worse to come

Job losses in related industries including aircraft manufacturers, engine makers, airports and travel agencies could reach 25 million, according to the International Air Transport Association.

India’s poor risk falling through the gaps as schools go digital

Several rights groups and NGOs have taken this approach -- from reading rooms to distributing books directly to homes -- attempting to fill the gaps left by online education.

SBI, Adani, other Indian firms may again raise funds in dollar bond market; here’s what made this route attractive

Six-month Mifor swap rates, a combination of the London interbank offered rate and dollar-rupee forward premiums used by India’s borrowers to hedge exchange rate risks, are near a nine-year low.

Muthoot Finance share price rally opens doors for MSCI index inclusion; stock soars this much this year

Shares of India’s largest cash-for-gold lender have surged 71% this year, the third-biggest gain on a gauge of the nation’s top 200 firms.

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Ex-RBI chief Urjit Patel says insolvency rules caused rift with government

The rift centered around a February 2018 circular issued by the RBI, which forced banks to immediately classify borrowers as defaulters when they delayed repayments, and which barred defaulting company founders from trying to

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Gold nears $1,900! Veteran investor Mark Mobius says keep buying yellow metal

Bullion is heading for a seventh weekly gain, the longest stretch since 2011, while silver is poised for its biggest weekly advance in about four decades.

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