Indian business outlook worst in the world; turns negative for first time in over 10 years
The business activity net balance fell sharply to -30% in June, from +26% in February, according to IHS Markit India Business Outlook survey results released Monday.
Is the US stock market overvalued, cheap or just right? A debate
Stocks are pricey, overvalued and prone to crash is something one is hearing since the early 1990s.
Elon Musk is now world’s seventh-richest person, richer than Warren Buffett
Buffett has also criticized Musk, saying last year that although Musk was “a remarkable guy,” he had “room for improvement” in behaving like a CEO, singling out his tweeting habits.
Netflix, Amazon and Nvidia get street-high targets on Covid lift
These companies are well-positioned with the coronavirus accelerating long-term growth trends as more consumers shop online and stay at home for entertainment.
Mukesh Ambani now richer than Warren Buffett
The chairman of Reliance Industries Ltd. is now worth $68.3 billion, surpassing Buffett’s $67.9 billion as of Thursday.
Default risk for RIL, SBI, others drops at fastest pace in decade on the back of govt stimulus
Default risks for Indian firms are declining at the fastest pace in more than a decade as the nation’s government deploys huge stimulus to support local companies hit by the impact of the pandemic.
India to invite Australia for naval drill, risking China’s ire, says report
New Delhi is expected to clear the way next week for a formal invitation to Australia following final government clearance and consultations with the U.S. and Japan, the officials said.
A new world order for the coronavirus era is emerging
As visitors in face masks ponder the consequences of those decisions at a new exhibition to mark the 75th anniversary of the conference, the geopolitical map of the world is again being redrawn.
Govt will focus on both health of economy and people as coronavirus takes toll, says PM Modi
With India now one of the world’s top three Covid-19 hotspots, the country is focused on controlling its pandemic and reviving stalled economic growth, Prime Minister Narendra Modi said on Thursday.
Mukesh Ambani’s courtship of investors makes India rare hotspot for global deals in 2020
Mukesh Ambani’s ambitious courtship of international investors has helped turn India into a rare bright spot for dealmaking in 2020, a shift that bankers say is likely to continue as the battle for the country’s digital e
S&P 500 could ‘easily’ reclaim record: JPMorgan
While profit expectations have worsened, pushing the S&P 500’s price-earnings ratio to a 20-year high, equities look cheap relative to bonds amid economic stimulus.
Warren Buffett gifts $2.9 billion of Berkshire shares to Bill and Melinda Gates Foundation, others
Warren Buffett gave Berkshire Hathaway Inc. shares valued at about $2.9 billion to charities including the Bill & Melinda Gates Foundation as part of his annual plan started more than a decade ago.
Last resort: Here’s how RBI may fund govt’s need for more money, with fiscal deficit at 7%
India’s government is running out of options to fund its budget and may soon have to knock on the central bank’s door once again for support.
Coronavirus pandemic: Poor diets are costing businesses as much as $850 billion a year
Poor diets in developing countries are costing businesses as much as $850 billion a year in lost productivity, underlining the need for companies to play a bigger role in tackling a problem that’s being compounded by the co
Deadly crash and fake pilots expose Pakistan’s broken airline
Investigations into at least three major crashes in Pakistan in the past decade found the pilots were either at fault or didn’t follow guidelines.
Modi’s Rs 21 lakh crore stimulus package may be working as riskier bond sales jump to 15-Month high
Issuance of local-currency corporate notes graded A+ and lower rose to a 15-month high of 51.7 billion rupees ($683 million) in June.
Indian economy on brink of extinction; faulty climate policies to wipe out nearly entire GDP
India is singled out by Oxford Economics as following a particularly ruinous trajectory, with GDP falling 90% by 2100 if countries don’t improve current policies.
Kerala’s unhealthy addiction to remittances puts it in tight spot; foreign money becomes scarce
For economies that depend on this foreign income, the outlook for 2020 is bleak. The World Bank expects a 20% plunge in remittances to low- and middle-income countries.
Covid-19 pandemic: Anthony Fauci says vaccines likely to offer only ‘finite’ protection
“You can assume that we’ll get protection at least to take us through this cycle,” Fauci, director of the National Institute of Allergy and Infectious Diseases, said in an appearance on a live-streamed video conference
Tech leads U.S. stock rally, sends Nasdaq to high
The MSCI World Index is now at the highest level since early June, with investors putting their faith in an economic recovery powered by historic government stimulus.
TikTok’s pulling out of Hong Kong after Chinese law controversy
ByteDance Ltd.’s TikTok declared it will remove its app from Hong Kong mobile stores in coming days, becoming the first internet service to withdraw from the city after Beijing enacted sweeping powers to crack down on natio
Warren Buffett’s new investment: Berkshire Hathaway breaks Covid silence with Dominion Energy deal
The agreement signaled to the market that Buffett is willing to pounce despite his cautious tone in May about the pandemic.
Warren Buffett might be treading with caution, but Dominion Energy bet shows he’s willing to pounce
Warren Buffett finally found his next crisis-era deal. His Berkshire Hathaway Inc., which has stayed relatively quiet during the tumult of the coronavirus pandemic, broke its silence at the end of a holiday weekend with its b
How factories are wooing migrant workers back to work; free flight tickets, food, and more
While some companies are promising benefits such as free travel tickets, housing and food to draw workers to urban areas, others are managing by hiring new faces from nearby locations.
Indians set to buy food online rather than dine-in; cloud kitchens may become $2 bn industry in four years
Cloud kitchens are projected to become a $2 billion industry in India by 2024.
India’s coronavirus epidemic overtakes Russia to become world’s third biggest after US, Brazil
India’s coronavirus epidemic became the third biggest in the world as infections surged after the nation eased containment measures to reverse an economic collapse that has left millions destitute.
Investors betting on companies investing for future profits, better tailored to the new world
Yields on other investments have fallen, and the government has taken much of the risk out of stocks with its willingness to support troubled companies.
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- Mauritius oil spill: Thousands of students, environmental activists work round the clock to protect coastline
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- Post optical fibre cable project launch by PM Modi, BSNL to enhance data speed in Andaman Nicobar by 10 times from Monday
- Indus Water Treaty meeting: India suggests video-conference, Pakistan insists on meeting on Wagah border
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- Asia-Pacific to bear the brunt of COVID-19 crisis, may see $31.4-54.3 billion remittance losses: ADB
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Budget 2020
- Torrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a share
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
- Budget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
- Budget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growth
- Budget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA
- Budget and the economy: What can we expect after this Budget?
- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
- Budget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin Templeton
- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
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