Depository of News

Coronavirus pandemic | Bajaj Auto unions demand factory halt after 250 workers catch COVID-19

India went into complete lockdown in late March to curb the spread of the virus but it has recently eased restrictions despite the number of cases surging, putting some companies in a difficult position as they try to revive production.

With no paparazzis or parties, Paris prepares for virtual fashion week

Brands from Christian Dior to Valentino are pressing ahead with collections and shows through an organised schedule of videos running from July 6-8.

Coronavirus impact | Indian billionaires take a knock, have a slow year

The collective wealth of Indian billionaires fell by 22.8 percent compared to last year; the pandemic will hurt company valuations in the coming quarters as well.

PM Modi announces launch of Aatmanirbhar Bharat App Innovation Challenge, invites startups, tech community to participate

The announcement comes soon after the government banned 59 Chinese apps in India, including the much-popular TikTok app.

#39;Beautiful#39; to have a pint: England#39;s pubs, restaurants and hairdressers reopen

Pubs were allowed to start serving from 6 am, sparking worries of over-indulgence on what the media dubbed a «Super Saturday» of coronavirus restrictions being eased. Some hairdressers were reported to have opened at the stroke of midnight.

Italy eyes measures to support auto, tourism industries: PM Giuseppe Conte

Speaking at a conference organised by the UIL trade union, Conte said the government needed to «redefine» tax incentives in favour of green, digital investments of the future, adding «we must support the worst affected industries such as aut

Coal production nil in most mines during 3-day strike: Trade union leader

Five trade unions, including RSS-affiliated Bharatiya Mazdoor Sangh (BMS), of Coal India (CIL) have been on strike since Thursday to protest against the government#39;s decision to start commercial coal mining.

Proposed Rs 8,250 crore Chambal Expressway to be game changer for Madhya Pradesh, Uttar Pradesh, Rajasthan: Nitin Gadkari

The project will also provide cross-connectivity with the Golden Quadrilateral#39;s Delhi-Kolkata corridor, North-South Corridor, East-West Corridor and Delhi-Mumbai -Expressway.

This week in Auto: Indian EV startups beat slowdown to raise capital

Here is a complete look at what else made headlines during the week

Disgorgement in news this last fortnight, both globally and in India

As the Indian market regulator Securities and Exchange Board of India (SEBI) builds precedents on disgorgement, the US Supreme Court in the month of June placed curbs on the ability of the US capital market regulator to disgorge.

Pakistan will complete CPEC at all costs, says PM Imran Khan

Addressing a meeting held here to review progress on the CPEC projects, Khan said it is an excellent project for Pakistan#39;s socio-economic development and the «gigantic multi-faceted initiative would guarantee a bright future for the nation», t

WhatsApp rolls out #39;It#39;s Between You#39; brand campaign in India

WhatsApp collaborated with Bollywood director Gauri Shinde along with BBDO India to create two 60-second ads that highlight how its features like texts, video calls or even a voice message (which is end-to-end encrypted) help replicate in-person conversations

Coronavirus pandemic | How are my kids still getting sick in lockdown?

Months into isolation, parents have told me that their kids have come down with mystery fevers, strep throat, lice, pinworms and roseola.

JPMorgan drops terms #39;master,#39; #39;slave#39; from internal tech code and materials

The phrases «master» and «slave» code or drive are used in some programming languages and computer hardware to describe one part of a device or process that controls another.

Explained: What are Social Stock Exchanges and how do they work

SSE or Social Stock Exchange may be very helpful for non-profit organisations especially during COVID-19.

Arunachal seeks #39;special consideration#39; for its power sector under Atma Nirbhar Bharat Abhiyan

Deputy Chief Minister Chowna Mein sought consideration in the implementation of system upgradation for generation, transmission and distribution of power, saying heavy rains, landslides and snowfall in the hilly state damage the power infrastructure.

Being loyal to your company may not pay off during COVID-19-linked job cuts

Even employees spending several years in an organisation are also not being spared during layoffs amidst COVID-19 outbreak.

Exclusive | Byju’s in talks to acquire coding upstart WhiteHat Jr

Online learning platform Unacademy, which focuses on test preparation for competitive exams, had also expressed interest, but Byju’s has offered more money to acquire WhiteHat Jr

NLC India, CIL sign pact to form JV to develop 5,000 MW solar, thermal power assets

The equity participation in the proposed JV between Coal India Ltd (CIL) and NLC India will be in the ratio of 50:50, NLC India said in a regulatory filing.

Oyo offers employees deeply discounted ESOPs

The company, which claims it has $1 billion in its war chest, has also decided to offer its technology team increments and promotions.

Traffic at India#39;s major ports falls 20% in June quarter due to coronavirus lockdowns

India#39;s twelve state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million tonnes the previous year, the IPA data showed.

Uber shuts Mumbai office, service to continue for users in city

The Mumbai office was the centre for the Western region for Uber, though its India headquarters is in Gurugram.

Indiabulls Housing Finance Q4 net drops 86% to Rs 137 crore on higher provisioning

The non-banking finance company had posted a net profit of Rs 1,006 crore during the corresponding January-March period of the preceding fiscal.

In the COVID-19 economy, you can have a kid or a job. You can’t have both

Our struggle is not an emotional concern. We are not burned out. We are being crushed by an economy that has bafflingly declared working parents inessential.

Axis Bank seeks shareholders nod to raise Rs 50,000 crore via debt securities and equity share

Under the proposal, Axis Bank will raise Rs 35,000 crore through debt securities in Indian or foreign currency, while Rs 15,000 crore to be raised through issuance of equity shares or securities convertible into equity shares, Axis Bank said in a regulatory f

Fertiliser sales jump 83% to 111.61 lakh tonnes in April-June: Govt

Urea sales increased by 67 per cent to 64.82 lakh tonnes while the demand for DAP jumped two-folds to 22.46 lakh tonnes during the period under review.

3 Point Analysis | Will privatisation of passenger train services increase competition with airlines?

With such world-class travel experience, will these modern trains give airlines a competition? Moneycontrol#39;s Sakshi Batra does a 3 Point Analysis.

Exclusive | Rossari Biotech to end IPO hiatus, likely to be first listed company in COVID-19 lockdown

It has been 108 days since an Indian company made its debut on Dalal Street.

Germany is first major economy to phase out coal and nuclear power

The plan is part of Germany’s ‘energy transition’ - an effort to wean Europe’s biggest economy off planet-warming fossil fuels and generate all of the country’s considerable energy needs from renewable sources.

Allow co-operative, private, foreign banks employees to use suburban trains as well: Bank Unions write to Uddhav Thackeray

Official notifications had included only employees of nationalised banks to take the local train to work from July 1, excluding their other colleagues.

Current business environment, consumer sentiment remain volatile but co optimistic about future: Marico

Sharing a quarterly update, the company said it witnessed significant disruptions during the first fortnight of April bu,t since then, has been able to steadily scale up operations to near-normal levels in June.

Audi, EnBW to turn electric car batteries into grid support tools

Electric vehicle battery recycling and reuse has become a priority for car and battery makers while renewable energy companies face the problem of how to absorb surpluses of wind and solar power to avoid waste and disruption to the stability of grids, slowin

Gold imports plunge to $79.14 million during Apr-May 2020

The decline in gold imports has helped in narrowing the country#39;s trade deficit, difference between imports and exports, to $9.91 billion during the period, against $30.7 billion a year ago.

How Warren Buffett’s Berkshire Hathaway may have been snookered in Germany

Only a few weeks after Berkshire Hathaway bought what looked like an upstanding example of German engineering prowess, a manager in Warren Buffett#39;s widely admired corporate empire received an unsettling email. The case showed that even Buffett, one of th

Gilead#39;s COVID-19 antiviral remdesivir gets conditional EU clearance

The decision comes just days after the company allocated nearly all of its supply of the antiviral to the United States over the next three months, stirring concerns about availability elsewhere.

Q1 results: Can Indian IT firms manage to duck COVID-19 bouncer?

While the first quarter of FY21 is likely to see a decline, a 5 percent quarter-on-quarter as some brokerages estimate, there is a silver lining — digital.

Tata Steel#39;s Dutch plant 3-week strike ends after agreement on jobs

The company did not say whether there would be a voluntary redundancy programme but said it would now extend its current jobs pact for IJmuiden, which stipulates no forced layoffs, by five years until October 2026.

Govt likely to hike liquidity package for discoms to Rs 1.25 lakh crore

Singh said that the states have requested for a hike in the liquidity package and extension of period outstanding dues by few more months due to the impact of COVID-19 induced lockdown.

PTC India Financial Services secures Rs 300 crore term loan from SBI to fund business plans

The money will be utilised for further strengthen the cash flow of the company and for onward funding to sustainable infrastructure finance projects, PFS said in a release.
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