Real estate sales plunged 58% in the April-June quarter (Q2) as compared to the January-March quarter (Q1) as India faced the major brunt of COVID second wave in April and May, according to PropEquity. While Q1 witnessed total sales of 1,08,420 units in the top seven cities, Q2 saw sales […]
Read more‘Upturn V-shaped but small firms, urban poor hit harder’
Inflation to dip below 6% soon, but stay in 5-6% range: CEA Chief Economic Adviser (CEA) Krishnamurthy Subramanian acknowledged on Thursday that some parts of the economy may be witnessing a K-shaped recovery, as smaller firms and urban poor had been hit harder by the pandemic, but stressed that India’s […]
Read moreNearly 12,900 companies struck off in 2020-21
As many as 12,889 companies were struck off from official records in the financial year ended March 2021 and 87 companies dissolved during the same period, according to official data. As per the data provided by the corporate affairs ministry to Rajya Sabha on Tuesday, a total of 2,38,223 companies […]
Read moreBeware of new low-risk, high-return promise
Products such as perpetual bonds may carry an aura of safety but in reality there is little to cheer Sellers of equity products never fail to tell you that their products are subject to market risks. It is a different matter that you understand those risks only with experience. But […]
Read moreUK needs tougher policies, more public awareness to hit zero emissions, report says
Fox Business Flash top headlines for July 9 Check out what’s clicking on FoxBusiness.com. LONDON, July 12 – Britain must introduce tougher policies to make residential heating more efficient and consumers need to cut energy usage to meet the nation's target of net zero emissions by mid century, the National […]
Read moreProthena Sells ATTR Amyloidosis Programme To Novo Nordisk For Up To $1.2 Bln – Quick Facts
Prothena Corporation plc (PRTA), a late-stage clinical company, announced Monday a definitive purchase agreement, under which it sold clinical stage antibody PRX004 and broader ATTR amyloidosis programme to Novo Nordisk A/S (NVO). In pre-market activity on Nasdaq, Prothena shares were gaining around 7.2 percent to trade at $63.50. Under the […]
Read moreGovt to auction 'major' oil, gas fields of ONGC, OIL: Pradhan
The government will auction unmonetised large oil and gas fields of state-owned ONGC and OIL to boost the country’s hydrocarbon production, Petroleum Minister Dharmendra Pradhan said on Thursday. Speaking on the launch of the third round of auction of small discovered fields, he said companies cannot indefinitely sit on resources […]
Read moreHeightened stress could delay bank privatisation: Fitch
‘Investor interest needed for success’ The Centre’s plan to privatise two public sector banks this year could face delays on account of higher stress levels in banks’ balance sheets due to COVID-19, as well as political hurdles in effecting necessary legislative changes, Fitch Ratings said on Monday. The government has […]
Read moreWhen to look at passive MFs
Such funds help when we lack the time or skill needed to track performance; lower expense ratio is a bonus You know that investing in equity requires you to pick the right stocks at the right time. If that’s difficult, you choose an equity mutual fund. But your effort doesn’t […]
Read moreIBM betting big on hybrid cloud
Critical workloads yet to shift to the platform, says India MD With almost 75% of enterprise workloads yet to shift to the cloud, IBM is betting on hybrid cloud, which represents a $1-trillion market opportunity globally, to drive digital transformation for clients. “Cloud has been there for a long time, […]
Read more