Business & Market News

Who are the China hawks? The coronavirus pandemic has ushered in a new era of skepticism of the Chinese government. via FOX BUSINESS NEWS https://ift.tt/2NCpW40

What is the National Guard? Many National Guard units have been activated in recent months to help states respond to crises like the coronavirus pandemic and riots. via FOX BUSINESS NEWS https://ift.tt/2CT6e1T

Maria Bartiromo: Elizabeth Warren would be 'most important' economic voice in a Biden administration Fox Business anchor Maria Bartiromo explains what a Biden administration could consist of. via FOX BUSINESS NEWS https://ift.tt/3eJVjWj

Democrats want John Wayne's name, statue taken off airport Leaders of Orange County's Democratic Party want to drop Jon Wayne's name, statue and other likeness from the international airport, as a result of the film legend's racist and bigoted comments. via FOX BUSINESS NEWS https://ift.tt/38apVOa

Cash-rich Chinese firms seen routing India investments via the city nation which has free trade pact with New Delhi from The Financial Express https://ift.tt/2NH2IK0 https://ift.tt/eA8V8J Banikinkar Pattanayak

State infections are rising faster than cities, share of cities is falling from The Financial Express https://ift.tt/2Zsb3qG https://ift.tt/eA8V8J Ishaan Gera

If you don’t have an emergency fund, consider liquidating some of your investments, starting with the riskier ones from The Financial Express https://ift.tt/3dO6Hiy https://ift.tt/eA8V8J

The government and Reserve Bank of India (RBI) have taken a host of steps to help people affected by the pandemic and the lockdown. from The Financial Express https://ift.tt/31pRxh3 https://ift.tt/eA8V8J

Informing about the company’s decision, Uttar Pradesh’s minister for investment, export promotion and MSMEs Siddharth Nath Singh, who had a virtual meeting with Kumar and his team, said that the company’s new campus will have a strength of 4,000 people. from The Financial Express https://ift.tt/31uU1ea https://ift.tt/eA8V8J FE Bureau

June saw the highest inflows so far this year with foreign portfolio investors (FPIs) buying stocks worth $2.74 billion. from The Financial Express https://ift.tt/3eLC2Uq https://ift.tt/eA8V8J FE Bureau

To get a perspective, Vodafone Idea has lost more subscribers in 19 months than the overall wireless user base of state-run BSNL. from The Financial Express https://ift.tt/3dHTAzy https://ift.tt/eA8V8J Kiran Rathee

China on Tuesday said manufacturing activity expanded in June with the official Purchasing Manager's Index coming in at 50.9. from US Top News and Analysis https://ift.tt/38bQJO4 https://ift.tt/eA8V8J

"We had a lot of encouraging signs today, but keep in mind that this market loves veering from one extreme to the other," the "Mad Money" host said. from US Top News and Analysis https://ift.tt/3eR1Hv6 https://ift.tt/eA8V8J

Organised players are growing and within organised, large players will grow faster and consolidation will bring in small players into large players. from The Financial Express https://ift.tt/3eLBbmG https://ift.tt/eA8V8J Rishi Ranjan Kala

The current growth of 3.7% per day in Unlock 1, though, is large enough for India to replace Russia within 10 days as the world’s third-highest number of infections. from The Financial Express https://ift.tt/2VtyJtx https://ift.tt/eA8V8J FE Bureau

Of late, there has been greater acceptance of that event and the market now understands better the full extent of risk associated with AT1 bonds. from The Financial Express https://ift.tt/3g4qAn0 https://ift.tt/eA8V8J Shritama Bose

Maharashtra discoms have already been sanctioned Rs 2,500 crore as the first tranche of loans which are designed to be disbursed in two equal halves. from The Financial Express https://ift.tt/2NFGfx1 https://ift.tt/eA8V8J Anupam Chatterjee

It affirmed China's 'A+' long-term and 'A-1' short-term sovereign credit ratings, both in the third highest investment category. from The Financial Express https://ift.tt/2YKfFsN https://ift.tt/eA8V8J FE Bureau

However, I believe you are referring to the RBI announcement on deferment of EMIs for three months then extended to six months now under the moratorium. from The Financial Express https://ift.tt/2YJi1IB https://ift.tt/eA8V8J

The opening up of the coal sector will also help in fulfilling the government’s Atmanirbhar Bharat Abhiyaan, and will help several economic sectors, especially power, steel, aluminium and unregulated sectors. from The Financial Express https://ift.tt/3idUrLA https://ift.tt/eA8V8J

A May 16 report, from another team of experts, had said that the devices needed further technical validation before approval. from The Financial Express https://ift.tt/2ZpMCKc https://ift.tt/eA8V8J The Financial Express

That stock performance puts Tesla in rarified air, alongside Netflix, which was the top-performing stock on the S&P 500 during the 2010s. from US Top News and Analysis https://ift.tt/2NJqHYU https://ift.tt/eA8V8J

CFRA's Sam Stovall finds the next three months are historically the market's weakest. from US Top News and Analysis https://ift.tt/2YIJ1rs https://ift.tt/eA8V8J

It is important that contact apps perform authentication when information is submitted to its servers, such as when a user posts their diagnosis and contact logs. from The Financial Express https://ift.tt/388nEDf https://ift.tt/eA8V8J FE Bureau

Beijing to ramp up investments in SE Asian country, to overcome barriers to its direct trade with EU from The Financial Express https://ift.tt/2AclbLv https://ift.tt/eA8V8J Banikinkar Pattanayak

Though the government has not officially taken any such decision, its think tank body, Niti Aayog has recently recommended that BSNL's 4G network be made using only locally designed, developed and manufactured (IDDM) products. from The Financial Express https://ift.tt/2BP5uKs https://ift.tt/eA8V8J Kiran Rathee

Overall, the proposals in the discussion paper seek to enhance bank governance standards in India, especially in the aftermath of recent cases that garnered considerable public attention and criticism. from The Financial Express https://ift.tt/31mxCzv https://ift.tt/eA8V8J

Here is a weekly tracker of returns from Sensex, 10-year government bond yield and US dollar vis-a-vis Indian rupee. from Wealth-Economic Times https://ift.tt/2YDyTAq https://ift.tt/3eO2VqY

Equity investors don’t like to read about how not to lose money. They’re inherently optimists. You might think that equity investing makes people optimists, but that’s not really true. from Wealth-Economic Times https://ift.tt/3gaqkmK https://ift.tt/3eGUa1z

Raj Lakhotia, Founder of Dilsewill answers queries from our readers on estate planning. from Wealth-Economic Times https://ift.tt/38cbzN6 https://ift.tt/3g6gNNh

If you are unable to repay the loan taken from your friend or family member taken six months or year ago, due to job loss or salary cut, here's what you can do to ensure that trust between the two of you does not erode. from Wealth-Economic Times https://ift.tt/3g4bduX https://ift.tt/31pLoBf

Mutual funds also offer designated pension plans. One can choose to remain invested and receive a periodic payment in the form of dividend or redemption while the rest of the funds continue to remain invested and grow. from Wealth-Economic Times https://ift.tt/3eHXZ6B https://ift.tt/38akw9P

While credit score ranges from 300 to 900, a fair credit score is between 550 to 700 and a very good credit score ranges from 700 to 900. A person can inculcate good credit habits which go a long way in maintaining a good credit score. from Wealth-Economic Times https://ift.tt/2YHeI4t https://ift.tt/3i9D5Q4

Some of these mistakes can often be harmless and routine. However, sometimes these decisions can lead to irreparable losses. Like the couple in this story whose mistakes led to their complete financial destruction. from Wealth-Economic Times https://ift.tt/3dJ40in https://ift.tt/38h9H64

It is important to secure your income and savings against the emergencies that may derail your financial stability before you commit to an investment plan. You can then consider investments as there will be no disruption to your income later on. from Wealth-Economic Times https://ift.tt/3dIQriG https://ift.tt/389Vg3o

The test is a pivotal moment in Boeing's worst-ever corporate crisis, long since compounded by the novel coronavirus pandemic that has slashed air travel and jet demand. from US Top News and Analysis https://ift.tt/3iazRvA https://ift.tt/eA8V8J

A good way to see how many extra infections Mumbai would have had were more testing to be done is to examine the ‘positivity’ levels, or the number of fresh infections as a proportion of the number of tests. from The Financial Express https://ift.tt/2Zlb1jY https://ift.tt/eA8V8J Ishaan Gera

The announcement comes a little over a month after Amazon created nearly 50,000 temporary job opportunities in the country across its fulfilment and delivery networks. from The Financial Express https://ift.tt/2VsODUN https://ift.tt/eA8V8J FE Bureau

Coincidentally, RBI has taken the tone of doing everything for growth and hence the inflation number may not matter in the broader scheme of things for the MPC. from The Financial Express https://ift.tt/3g8LQYY https://ift.tt/eA8V8J Madan Sabnavis

Bulk of the healthcare providers in India's villages lack formal medical degrees, finds a new study from The Financial Express https://ift.tt/2YG4Ckn https://ift.tt/eA8V8J

No country can afford to squander its saving potential—ultimately, the seed-corn of long-term economic growth. That’s true even of the United States, where the laws of economics have often been ignored under the guise of “American exceptionalism.” from The Financial Express https://ift.tt/3eItttA https://ift.tt/eA8V8J Stephen S Roach

The customary pattern is the Centre makes adjustments on state tax transfers based on actual receipts only during February-March, the final two months of a financial year. from The Financial Express https://ift.tt/2YHwq8g https://ift.tt/eA8V8J Prasanta Sahu

According to Daniel, the innovation has led the company to work with many different industries like retail, airports, hospitals, hotels and even the government. from The Financial Express https://ift.tt/2A9V9Z8 https://ift.tt/eA8V8J Shubhra Tandon

Benign RM prices should continue to aid margin; outlook bright given operational capability; ‘Buy’ maintained from The Financial Express https://ift.tt/2CI5xrY https://ift.tt/eA8V8J Edelweiss

Chesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. from US Top News and Analysis https://ift.tt/38aVkA6 https://ift.tt/eA8V8J

The state had faced mounting pressure to change its flag during the past month amid international protests against racial injustice in the United States. from US Top News and Analysis https://ift.tt/3eJzCWh https://ift.tt/eA8V8J

This is for the first time that an Indian prime minister addressed the annual meeting of the AAPI, a representative body of more than 80,000 Indian-American doctors in the US. from The Financial Express https://ift.tt/2VprWAK https://ift.tt/eA8V8J PTI

Demand is still abysmally low, hitting the Manufacturing and Services sectors very hard. People are hoarding cash. Year-on- year, currency in circulation has risen 14%. The reasons are two: one, fear of Covid infection and the cost of hospitalisation. from The Financial Express https://ift.tt/2NNFvpP https://ift.tt/eA8V8J P Chidambaram

The action was prompted by a preliminary report on the crash of a Pakistan International Airlines (PIA) aircraft in Karachi last month, which found pilots had failed to follow standard procedures from Business Today| LATEST HEADLINES https://ift.tt/2YByT3U https://ift.tt/eA8V8J

from Economic Times https://ift.tt/3iaY4SL https://ift.tt/2gkx8oB

from Economic Times https://ift.tt/2NwRfwG https://ift.tt/2gkx8oB

India-China tension: Internet apps is one market where China can be put under a tighter scrutiny. For the record, there are about 500 million smart phone users in this country and of these, around 66% use at least one Chinese app. from The Financial Express https://ift.tt/3dBzd77 https://ift.tt/eA8V8J FE Bureau

According to Health Secretary Lokesh Kumar Singh, a 60-year-old man from Rohtas district died on Friday. from The Financial Express https://ift.tt/2B6FkmJ https://ift.tt/eA8V8J PTI

For many states and counties in the U.S., the dark days of the coronavirus pandemic in April unfolded on their television screens, not on their doorsteps. from The Financial Express https://ift.tt/2YCiHzp https://ift.tt/eA8V8J Associated Press

The government on Friday notified a decision to raise the annual turnover limit for a medium enterprise to Rs 250 crore from Rs 100 crore. from The Financial Express https://ift.tt/3dAjCV7 https://ift.tt/eA8V8J FE Bureau

Rich or poor, a 50% cut in income hurts. Governments around the world began to underplay the novelty of the pandemic. Yes, there were deaths but people died anyway in winter in the Northern Hemisphere. They were just dying of a new disease. from The Financial Express https://ift.tt/2ZfNDEz https://ift.tt/eA8V8J Meghnad Desai

Sound advice for start-ups from an established author on how the passion economy works. from The Financial Express https://ift.tt/3i90Isc https://ift.tt/eA8V8J Ishaan Gera

Nike warns of job cuts during shift to digital 'swoosh' Nike warned of job cuts Friday after the sportswear retailer reported a $790 million quarterly net loss. via FOX BUSINESS NEWS https://ift.tt/2YCadIs

L'Oreal to remove words like 'whitening' from skin products The company said in a statement Saturday that it "has decided to remove the words white/whitening, fair/fairness, light/lightening from all its skin evening products.” via FOX BUSINESS NEWS https://ift.tt/2YBdOqm

The pandemic has disrupted lives and posed huge economic challenges. Many businesses, unable to generate revenue, have been forced to shut shop. Here, we go down memory lane remembering some iconic spaces that have gone under from Mumbai to Manhattan. from The Financial Express https://ift.tt/2YGWlwO https://ift.tt/eA8V8J

For starters, AR is accessible on one’s smartphone. The technology basically overlays virtual objects in the real-world scene in real time, giving users a way to experience interactive content and making them feel as if they are present right at the scene. from The Financial Express https://ift.tt/3g6hHcQ https://ift.tt/eA8V8J

Poop emits noxious gases, but in the Antarctic, penguin faeces, which produce high levels of nitrous oxide, are becoming a major cause of climate change. from The Financial Express https://ift.tt/384CHOi https://ift.tt/eA8V8J Vaishali Dar

The premium under both the products shall be pan India basis and no geographic location or zone-based pricing will be allowed. from The Financial Express https://ift.tt/31kmovn https://ift.tt/eA8V8J FE Bureau

Capacity to double to 1,000 MW by 2025, accelerated by WFH during pandemic from The Financial Express https://ift.tt/3eGlKw2 https://ift.tt/eA8V8J Rishi Ranjan Kala

Spirits giant Diageo said Saturday it will be pausing paid advertising globally on "major social media platforms" beginning in July. from US Top News and Analysis https://ift.tt/3eDzIik https://ift.tt/eA8V8J

The government has invited EoI for AI by way of the transfer of management control and sale of 100% equity share held by the Centre. from The Financial Express https://ift.tt/2NBZLdW https://ift.tt/eA8V8J FE Bureau

STATE-OWNED NTPC reported a 71.2% year-on-year (y-o-y) decrease in its standalone net profit to `1,252.4 crore in the three months ended March from The Financial Express https://ift.tt/2Zkhj3q https://ift.tt/eA8V8J FE Bureau

As on March 31, 2019, the IDBI Federal Life Insurance has issued over 13 lakh policies and has total assets under management of ₹9,107 crore and a capital base of over 800 crores, as on March 31, 2019. from The Financial Express https://ift.tt/2NBIste https://ift.tt/eA8V8J FE Bureau

The New York Times reported that the White House hasn't acted after U.S. officials determined months ago a Russian military intelligence unit offered Afghan militants or criminals bounties to kill U.S. soldiers in Afghanistan. from US Top News and Analysis https://ift.tt/387hRO3 https://ift.tt/eA8V8J

SEC sends billion-dollar message to Telegram Telegram will return $1.2 billion to investors in its canceled crypto token offering and pay an $18.5 million fine. via FOX BUSINESS NEWS https://ift.tt/3g3tRDi

Who is Jack Dorsey? The eccentric CEO has a net worth of $6 billion. via FOX BUSINESS NEWS https://ift.tt/2YClwjP

Florida must show controlled, measured approach to COVID-19: Nikki Fried Florida Agriculture and Consumer Services Commissioner Nikki Fried says the lack of enforcement in the Sunshine State has caused Floridians to not take the coronavirus pandemic as seriously as they should. via FOX BUSINESS NEWS https://ift.tt/2YBlk4n

Zuckerberg: Facebook will prohibit hate speech in its ads Facebook CEO Mark Zuckerberg announces the company will prohibit hate speech in its ads in response to customers pulling their advertisements. via FOX BUSINESS NEWS https://ift.tt/382ZFoS

Microsoft scraps physical stores amid coronavirus Microsoft is getting rid of all physical store locations amid coronavirus. via FOX BUSINESS NEWS https://ift.tt/3eBXA5Z

Could Verizon, Unilever, others face backlash for pulling Facebook ads? District Media president Beverly Hallberg, Kingsview Wealth Management CIO Scott Martin and Surevest CEO Rob Luna weigh in on companies like Verizon, Unilever, Patagonia and Ben & Jerry’s pulling ads from Facebook after the social-media giant faced criticism over not policing hate speech. via FOX BUSINESS NEWS https://ift.tt/3dzI3Ck

Will Trump switch from Twitter to Parler? Trump 2020 communications director Erin Perrine discusses Parler's growing popularity among conservatives and says social media has given President Trump the opportunity to express himself. via FOX BUSINESS NEWS https://ift.tt/3dIAGZq

from Economic Times https://ift.tt/3dz9pbL https://ift.tt/2gkx8oB

Since the airlines have been allowed to operate since May 25 at only a third of their capacity by the government and that too with fares capped, any move to not allow the middle seats to be sold would have hit the carriers adversely. from The Financial Express https://ift.tt/2B6gZgV https://ift.tt/eA8V8J FE Bureau

As FE reported earlier, net addition to the EPF subscriber base fell sharply from 10.21 lakh in February 2020 to 5.73 lakh in March and then sharply to just 1.33 lakh in April. from The Financial Express https://ift.tt/2YCIcAt https://ift.tt/eA8V8J FE Bureau

The government, which had allowed telecom operators to file applications along with the Chinese vendors in January, has now decided that a ministry of home affairs-led committee will take a final call in the matter. from The Financial Express https://ift.tt/3dBS6XA https://ift.tt/eA8V8J Kiran Rathee

Of course, had the Centre (and some states) hiked the taxes steeply when crude remained benign, the OMCs could have easily made the same margins as now, with lower prices to consumers. from The Financial Express https://ift.tt/3i6IRlt https://ift.tt/eA8V8J FE Bureau

President Donald Trump used Twitter on Friday to call for the arrest of protesters involved in this week's attempt to pull down the statue of Andrew Jackson from a park directly in front of the White House. from US Top News and Analysis https://ift.tt/3eESmWP https://ift.tt/eA8V8J

Delta and the pilots' labor union reached an agreement for early retirements as the carrier scrambles to reduce headcount. from US Top News and Analysis https://ift.tt/2Zb8EQZ https://ift.tt/eA8V8J

Kerala Planning Board vice-chairman VK Ramachandran and senior journalist N Ram will be the moderators. The debate series is to be telecast through the chief minister's official social media accounts this week onwards. from The Financial Express https://ift.tt/3fZrFN1 https://ift.tt/eA8V8J FE Bureau

Mapmygenome’s Genomepatri or ‘health horoscope’ is a master health test with 100-odd reports on lifestyle disease, physiological traits, drug response and carrier status. from The Financial Express https://ift.tt/31kBFfD https://ift.tt/eA8V8J BV Mahalakshmi

Apparel retailers are, however, likely to see higher contribution from online channels this fiscal, driven by changing buying pattern of consumers amid the pandemic. from The Financial Express https://ift.tt/3dJVG1X https://ift.tt/eA8V8J FE Bureau

The pandemic will worsen the refugee crisis; the world needs to collaborate to fight for them. from The Financial Express https://ift.tt/2NvsroR https://ift.tt/eA8V8J The Financial Express

Delay in award of projects could affect profitability; valuations do not factor in growth potential; ‘Buy’ retained with TP of Rs 222. from The Financial Express https://ift.tt/3fZqz3R https://ift.tt/eA8V8J Motilal Oswal

The biggest gainers on Nifty were Infosys, BPCL, TCS, Indian Oil Corporation, and IndusInd Bank, which were up by 6.64%, 6.5%, 4.92%, 4.76% and 3.76%, respectively. from The Financial Express https://ift.tt/2ZjXae6 https://ift.tt/eA8V8J FE Bureau

The Prime Minister said the efforts and achievements of Uttar Pradesh are huge when seen from a larger perspective. from The Financial Express https://ift.tt/2Nwe17F https://ift.tt/eA8V8J Deepa Jainani

Disney's "Mulan" is being postponed until August, as coronavirus cases continue to rise and the safety of movie theaters has been called into question. from US Top News and Analysis https://ift.tt/2A8tY11 https://ift.tt/eA8V8J

The request comes as the Trump administration and conservative allies in Congress seek to strip tech companies of a key liability shield. from US Top News and Analysis https://ift.tt/3dAPQ2D https://ift.tt/eA8V8J

FIEO writes to commerce secretary, warning against knee-jerk reaction; moots cess on raw material exports to China from The Financial Express https://ift.tt/2VfXMA0 https://ift.tt/eA8V8J FE Bureau

From Ralph Lauren to Hermès are some of his favourite brands from The Financial Express https://ift.tt/2VlIqdj https://ift.tt/eA8V8J Sapna Nair

Without addressing the problems of MSMEs, India will not be ready for growth. The pandemic is the fourth negative shock that small businesses in India have faced in recent times from The Financial Express https://ift.tt/3fUn6mU https://ift.tt/eA8V8J Nirvikar Singh

from Economic Times https://ift.tt/2BaJBFD https://ift.tt/2gkx8oB

New Delhi: Cooking gas subsidy has fallen to zero for many customers as the net price paid by domestic users has risen 20% in the past year even as crude oil rates are down 40%. Some customers are still getting a small subsidy as the final price depends on local transportation cost.Monthly increase in the net price for subsidised consumers and the recent collapse in global rates has helped end the subsidy. With kerosene subsidy already eliminated since March, the end of the subsidy on liquefied petroleum gas (LPG) is a relief for the government at a time its revenue collection is stressed by the impact of the pandemic on the economy.The price of a subsidised 14-kg LPG cylinder in Delhi has risen from Rs 497 in June last year to Rs 593. The subsidy for a customer in Delhi has fallen from Rs 240 to zero in the same period. However, this can change if LPG costs rise.The Petroleum Ministry, Indian Oil, HPCL and BPCL didn’t respond to ET’s query on LPG price hike. But a Petroleum Ministry’s...

Mumbai: The Indian cricket team may soon have to let go of kit partner Nike, as the cricket board and the sportswear brand are locked in a tussle over contract renewal. The Board of Control for Cricket in India is already under pressure to revisit sponsorship deals. BCCI may have to let go of China’s Vivo as the title sponsor of the Indian Premier League. With Nike, it is in the board’s hands to retain the partnership that dates back to 2006. “Nike’s current deal as ‘kit partner’ of the BCCI is ending in September. The four-year deal worth Rs 370 crore included Rs 85 lakh per match fee and an annual royalty of Rs 12-15 crore to the board,” said a top source in BCCI. “Nike’s business has greatly suffered during the lockdown and it is seeking extension for lost time at a discount. The board may not agree and we may have to come up with tender.” Both Nike and BCCI did not respond to ET’s queries. Sports marketing experts feel this is the right time for brands to bargain. from Economic T...

The economic slowdown aggravated by the nationwide lockdown has severely affected the ability of companies to service debt. According to the ET Intelligence Group’s analysis of the 32 of the Nifty 50 companies that have declared results so far excluding banking and finance companies, the aggregate interest coverage ratio for FY20 fell to a six year low of three after staying between four and six since FY15. The trend is expected to continue in the current fiscal given the expectations of contraction in the economic activities.The interest coverage ratio is calculated by dividing EBIT with the interest payment in a given period. A higher ratio is desirable since it implies a better ability to service the debt and also a greater comfort in borrowing more in the future.The fall was steeper on a quarterly basis. The ratio was at a 13-quarter low of 1.8 in the March 2020 quarter. It was at 3.9 a quarter ago. The contraction was on account of a steady rise in borrowings, which kept the inter...

The underlying undertone of the market is very strong, says the CEO of IIFL Finance. I was just going through the clarification that you have handed out to the exchanges. The earlier release showed that promoter holding has crossed 25% and now you are saying it is not exceeded. The keyword being used here is voting rights. Help me understand what really is the rationale behind your promoter holding now?We have filed a revised filing today. There was a technical error in yesterday’s filing. Out of the promoter holding shares that I have purchased, two and a half lakh shares were supposed to be transferred in the promoter group entities. So that has been missed out and has been corrected today. So the correct holding and the voting rights are 24.99% and that is what we clarified. I think the revised filing has also been done on the exchanges on the NSE and BSE website.I understand that the latest clarification by you on the exchange says that you have not taken delivery but till yesterda...

Global telecom vendors such as Ericsson, Nokia, ZTE and Huawei are likely to oppose the telecom department’s diktat to run mandatory safety checks on imported network gear from October 1 via local labs, saying it will only result in duplication of certification activity, disrupting network gear availability in India and delaying 4G network rollouts by at least 6-to-9 months. They are set to write to the Department of Telecommunications (DoT) that their equipment is anyways certified by accredited private global labs before deployment in India, and will press the government to defer the in-country screening deadline. DoT’s decision though has enthused local telecom gear makers, who say the move will counter security threats posed by Chinese telecom gear. The DoT, in a circular dated June 23, has mandated that all kinds of telecom transmission gear, passive optical network (PON) equipment used in last mile broadband connectivity and network feedback devices will have to undergo in-countr...

The better approach would be to start designing policies which support “Atmanirbhar Bharat”, and invest sufficiently in becoming comparable with China in terms of benefits due to economies of scale. from The Financial Express https://ift.tt/3eEMQ6I https://ift.tt/eA8V8J

Three ordinances signify a big leap forward, but the fine print needs to be revisited, focusing on the larger objective of freeing up the market from The Financial Express https://ift.tt/382keBL https://ift.tt/eA8V8J

India is the third largest player in the Chinese market after Russia and Ecuador, so there is a great potential for further expanding the market share. from The Financial Express https://ift.tt/2Vk7cug https://ift.tt/eA8V8J Rajesh Ravi

Refinancing your housing loan at a lower interest rate is one of the easiest ways to lower EMIs from The Financial Express https://ift.tt/3g02EBo https://ift.tt/eA8V8J FE Bureau

Universalising life insurance can help citizens in case of a financial crisis, whether at individual or national level, during their lifetime as well as after death from The Financial Express https://ift.tt/3g008eq https://ift.tt/eA8V8J Kamalji Sahay

DHROA, which primarily has budget hotels, guest houses and a handful of three and four star hotels under its aegis, said it will engage in talks with star hotels in Delhi and “impress upon them to join this movement”. from The Financial Express https://ift.tt/2YwGWis https://ift.tt/eA8V8J FE Bureau

The tender floated by BSNL, to procure 4G equipment, has been put on hold by the government, based on the complaint given by the Telecom Equipment and Services Promotion Council (TEPC). from The Financial Express https://ift.tt/3ezkZVF https://ift.tt/eA8V8J Kiran Rathee

The OTT firm said the film will be available to all subscribers and non-subscribers across India—which means it is not behind the paywall. from The Financial Express https://ift.tt/2YySPVd https://ift.tt/eA8V8J FE Bureau

Of the sanctioned amount, the Centre’s contribution is Rs 1.66 lakh crore, states’ Rs 1.5 lakh crore and the beneficiary’s share is Rs 3.21 lakh crore. from The Financial Express https://ift.tt/31ofUf7 https://ift.tt/eA8V8J FE Bureau

In the battle between life and livelihood, Edappadi K Palaniswami has chosen life from The Financial Express https://ift.tt/31kRing https://ift.tt/eA8V8J Sushila Ravindranath

Congress approved $32 billion in coronavirus aid for airline workers in March, but travel demand remains weak. from US Top News and Analysis https://ift.tt/3eBBlwH https://ift.tt/eA8V8J

Ford is bringing a new level of technology to its 2021 F-150 pickup to attract new buyers while also trying to please its loyal customers with features tailored to them. from US Top News and Analysis https://ift.tt/2BHt1wQ https://ift.tt/eA8V8J

"This is a time where every company needs to reassess its relevance to maintain its market share and innovation," Salesforce CEO Marc Benioff said in a "Mad Money" interview. from US Top News and Analysis https://ift.tt/2YzPAgg https://ift.tt/eA8V8J

Another increase in coronavirus cases and news of easier banking regulation left the market struggling for direction throughout Thursday's session. from US Top News and Analysis https://ift.tt/3dvX5ZD https://ift.tt/eA8V8J

Trump administration: Huawei, Hikvision are owned by Chinese military Washington led an international campaign to convince allies to exclude Huawei from 5G. via FOX BUSINESS NEWS https://ift.tt/3fNuLUe

Coronavirus surge causes Apple Stores to re-close seven Houston locations Apple is re-closing seven Apple stores in the Houston area due to a surge of coronavirus cases in the area. via FOX BUSINESS NEWS https://ift.tt/3fUqrCv

US policymakers should work together to restore their country's global economic leadership by improving the functioning of the rules-based global system from The Financial Express https://ift.tt/2Z6h0cn https://ift.tt/eA8V8J Mohamed A El-Erian

The Unicef notes that around 0.8 million children aged 5 or below could die over the next 12 months as they fall through the gaps in healthcare access—whether it is in routine immunisation or health services. from The Financial Express https://ift.tt/2Z5IgIa https://ift.tt/eA8V8J The Financial Express

Moreover, given the government already requires companies to submit reports of vulnerability and other security aspects as assessed by third parties, it makes little sense to repeat this exercise. from The Financial Express https://ift.tt/3euPnjW https://ift.tt/eA8V8J The Financial Express

ICMR must allow testing of asymptomatics, Delhi must back up antigen test with RT-PCR to catch false negatives from The Financial Express https://ift.tt/3fSoHKb https://ift.tt/eA8V8J The Financial Express

On Wednesday, the company said its proposed phased opening of its two parks in Anaheim for July 17 would be postponed as state officials will not be issuing theme park reopening guidelines until after July 4. from US Top News and Analysis https://ift.tt/2B6XpAZ https://ift.tt/eA8V8J

The grim milestone reported on Wednesday surpasses the peak that was hit in late April. from US Top News and Analysis https://ift.tt/2YvskzT https://ift.tt/eA8V8J

Federated Hermes' Phil Orlando sees the coronavirus infection surge is among the risks creating a more uncertain market environment. from US Top News and Analysis https://ift.tt/31aQWQ9 https://ift.tt/eA8V8J

Florida's treasurer, Jimmy Patronis, said he is confident that Florida will be in a stronger position after the coronavirus pandemic than states such as New York. from US Top News and Analysis https://ift.tt/2VfgMPe https://ift.tt/eA8V8J

Its measures to infuse liquidity will not be enough for recovery, unless there is a fiscal stimulus. Yet, it has to act on the monetary side, in keeping with its mandate, in a manner that offers stability from The Financial Express https://ift.tt/31aOB7P https://ift.tt/eA8V8J

Shah further said there was a ready market of PPE kits and masks in over 40 countries across the globe, and if the government allowed export of the kits, excess stock would be disposed of in a very short period. from The Financial Express https://ift.tt/3dxS4zU https://ift.tt/eA8V8J FE Bureau

Farmers will no longer be restricted to selling their produce locally, thanks to the amendment of the Essential Commodities Act. from The Financial Express https://ift.tt/3dxRWAq https://ift.tt/eA8V8J

India’s recent experiences, and successful global models, deliver a clear message—power pools can’t be built without an institutional architecture other countries trust from The Financial Express https://ift.tt/3fUniCL https://ift.tt/eA8V8J

The PMS stated that since fiscal year 2012, the Nifty’s delivered corporate earnings are lesser than the initial expectation barring fiscal year 2019. from The Financial Express https://ift.tt/3hVzeGe https://ift.tt/eA8V8J FE Bureau

Consignments of even the green channel importers, who normally get clearance automatically, are being inspected from The Financial Express https://ift.tt/3exFsdo https://ift.tt/eA8V8J FE Bureau