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Showing posts from May, 2021

Corona LIVE: India reports 152,734 new Covid-19 cases, lowest since April 11; Delhi, UP begin gradual unlocking

Coronavirus Cases and Deaths in India in Last 24 Hours, Covid-19 Vaccine Tracker Live, Yellow, Black Fungus Infection in India May 31 Live: However Maharashtra, Kerala, Telangana, Tamil Nadu, Goa, Haryana, and Odisha have extended lockdown. from The Financial Express https://ift.tt/2TwAhET https://ift.tt/eA8V8J FE Online

FOX BIZ NEWS: Biden administration extends bipartisan infrastructure talks into June

Biden administration extends bipartisan infrastructure talks into June The Biden administration said Sunday that talks over a $1.7 trillion infrastructure package would need to show a “clear direction” toward agreement by the time Congress returns from recess in early June, signaling that Democrats might be preparing to go it alone on a broad plan to rebuild roads and bridges, expand broadband service and create programs to help care for the elderly and disabled Americans. via FOX BUSINESS NEWS https://ift.tt/3fXamxF

Creating new companies: India Accelerator funded 27 start-ups in 2020; aims to mentor 100 start-ups in 2021

The pandemic year (2020), Bhatia said, has been tough on start-ups. “The funding funnel dried up, revenues declined, profits shrunk, and companies scaled down growth plans. Early-stage and mid-stage start-ups are the worst-hit, especially in travel and transportation space,” he said. from The Financial Express https://ift.tt/3p2IUmn https://ift.tt/eA8V8J Vikram Chaudhary

India: Inflation undone? Some inflation worries highlighted earlier have come to pass

As demand for goods and services pick up gradually (though worth noting that we are not forecasting a rapid rise in demand like last year), producers may feel more confident about passing on raw material cost increases to output prices, pushing core inflation higher. from The Financial Express https://ift.tt/3wKloNz https://ift.tt/eA8V8J

Banks move Supreme Court against RTI disclosure, seek direction to RBI

Public disclosure of information pertaining to commercial confidence, business strategies, internal system, risk management, gas, etc would not serve any larger public interest, but would adversely affect the competitive position of banks in a highly competitive private banking sector in our country, they told the top court. from The Financial Express https://ift.tt/3uyze4c https://ift.tt/eA8V8J Indu Bhan

ECLGS 4.0: Govt extends emergency credit scheme for MSMEs; increases ECLGS 1.0 tenor to 5 years

The Finance Ministry also announced an extension of the tenor of the scheme for MSMEs and other entities that are eligible for restructuring as per the Reserve Bank of India (RBI) guidelines as of May 5, 2021, and had borrowed credit under ECLGS 1.0. from The Financial Express https://ift.tt/3utObVb https://ift.tt/eA8V8J Sandeep Soni

COVID has set in an irreversible change, number of digital users to grow: R Srikanth

Infibeam Avenues Limited, considered a leading global financial technology company offering comprehensive digital payment solutions and enterprise software platforms to businesses and governments across industry verticals, has an early mover advantage. from The Financial Express https://ift.tt/3uA3gUU https://ift.tt/eA8V8J

Coronavirus in India News Live: India records 1.65 lakh news Covid cases, lowest in 46 days

Coronavirus New Cases in India in Last 24 Hours, Covid-19 Vaccine Registration Live, Black, Yellow Fungus Infection in India Live: There are likely to be 10 panels to look after the vaccination supply and inventory, availability of oxygen, oxygen production, import, emergency responses, the establishment of PSA plants, and managing economic welfare measures. from The Financial Express https://ift.tt/34w1OZm https://ift.tt/eA8V8J FE Online

7th Pay Commission pension on death of Central Government Employee parents: New limit Rs 1.25 lakh/month

7th Pay Commission pension on death of Central Government Employee parents: If both the husband and wife are Central Government Employees and covered under CCS (Pension) 1972 rules, then on their death, their surviving child or children can receive two pensions from The Financial Express https://ift.tt/3cmkMpN https://ift.tt/eA8V8J Rajeev Kumar

FOX BIZ NEWS: Biden proposes budget, still waiting on last Cabinet member OMB director nominee

Biden proposes budget, still waiting on last Cabinet member OMB director nominee via FOX BUSINESS NEWS https://ift.tt/34s5480

Across the Aisle: A bigger calamity awaits us, writes P Chidambaram

However, there is one thing about the future that is no longer uncertain. It is about the economic conditions of the people of the country. It will be worse than it should be, inequality will increase and the vast majority of the people will be poorer, deeper in debt and unhappy. from The Financial Express https://ift.tt/3wLDvT4 https://ift.tt/eA8V8J P Chidambaram

Covid relief items: Meghalaya CM Conrad Sangma-led GOM to examine GST cut

“(To examine) medical grade oxygen, pulse oxymeters, hand sanitisers, oxygen therapy equipment such as concentrators, generators and ventilators, PPE kits, N95 masks, surgical masks, temperature checking equipment and any other items required for Covid relief,” it said. from The Financial Express https://ift.tt/3p0g1Hs https://ift.tt/eA8V8J FE Bureau

Firm Initiatives: Corporates show big heart with Covid-19 care

The ed-tech firm has also tweaked its leave policy to incorporate additional Covid privilege leave (paid leave). Employees can avail the same in case they or their immediate family members are impacted. Byju’s is also working to enable vaccination support for its staff. from The Financial Express https://ift.tt/3wNpaG1 https://ift.tt/eA8V8J FE Bureau

Coronavirus in India News Live: India registers 1.73 lakh new cases, positivity rate remains below 10% for last 5 days

New Covid-19 Cases and Deaths counts in India in Last 24 Hours, Coronavirus Vaccine Tracker Live, Yellow, Black, White Fungus Infection, Symptoms in India Live: There was a fall in the number of active cases by 1.14 lakh on Friday alone along with 2.84 lakh Covid-19 patients recovering from the disease in the last 24 hours. from The Financial Express https://ift.tt/3vBgp1t https://ift.tt/eA8V8J FE Online

FOX BIZ NEWS: Economic uncertainty frames the future

Economic uncertainty frames the future Janney Montgomery Scott chief investment strategist Mark Luschini says current state of the economy is 'indicative' of 'very strong' growth via FOX BUSINESS NEWS https://ift.tt/3yLbe0N

FOX BIZ NEWS: Republicans declare Biden’s budget proposal ‘dead on arrival’

Republicans declare Biden’s budget proposal ‘dead on arrival’ The White House on Friday unveiled a $6 trillion budget proposal for fiscal year 2022 which would push debt levels to the highest they’ve been since World War II, and Republicans on Capitol Hill are calling the proposal “dead on arrival” in Congress. via FOX BUSINESS NEWS https://ift.tt/2R2fV5z

Analyst Corner – Berger Paints: Maintain ‘hold’ with DCF-based TP of Rs 800

Higher focus on ancillary products: It has been focusing on ancillary products such as waterproofing and putty. It believes there is immense potential for these segments to grow considering low penetration. We model waterproofing to contribute significantly to Berger decorative business in medium term. from The Financial Express https://ift.tt/3uvVxHy https://ift.tt/eA8V8J ICICI Securities

FOX BIZ NEWS: UFO's seen swarming around Navy vessel in newly released footage

UFO's seen swarming around Navy vessel in newly released footage UFO expert Nick Pope calls the new revelations 'nothing short of sensational and extremely concerning' via FOX BUSINESS NEWS https://ift.tt/2SAYwRN

Covaxin production to be ramped up to 6-7 crore doses by July-August: Health ministry

According to a statement released by the health ministry, Covaxin production will be doubled by May-June 2021 and then increased nearly sevenfold by July-August. It is expected to reach nearly 10 crore doses per month by September, the statement added. from The Financial Express https://ift.tt/3oXWyqS https://ift.tt/eA8V8J FE Bureau

RTI disclosure: Supreme Court to hear banks’ plea seeking direction to RBI in July

HDFC further said that the apex court in earlier judgments had clearly held that even if public interest is considered while determining whether certain information has to be disclosed or not, such determination has to be on case to case basis, backed with reasons in writing. from The Financial Express https://ift.tt/3c1nOQ0 https://ift.tt/eA8V8J Indu Bhan

FOX BIZ NEWS: Big corporations beginning to regret mixing business with politics

Big corporations beginning to regret mixing business with politics Bowyer Research president Jerry Bowyer weighs in on big companies' publicizing their political support: 'they have buyers' remorse' via FOX BUSINESS NEWS https://ift.tt/3vvx1Ym

FOX BIZ NEWS: Facebook no longer banning content questioning COVID-19 origins

Facebook no longer banning content questioning COVID-19 origins Kara Frederick and Matt Schlapp discuss Facebook's overturning their rules that left some banned via FOX BUSINESS NEWS https://ift.tt/3fOHQy5

FOX BIZ NEWS: PCs are back as Dell, HP deliver strong sales for desktops and notebooks

PCs are back as Dell, HP deliver strong sales for desktops and notebooks A pandemic-fueled run on computers helped HP Inc. and Dell Technologies Inc. deliver strong financial results for the latest quarter despite a semiconductor shortage that is denting some industries. via FOX BUSINESS NEWS https://ift.tt/3yH4K37

Centre accuses Twitter of trying to dictate terms to it

In a hard-hitting reply, the government said protecting free speech in India is not the prerogative of “only a private, for-profit, foreign entity like Twitter, but it is the commitment of the world’s largest democracy and its robust institutions”. from The Financial Express https://ift.tt/3vvnWPg https://ift.tt/eA8V8J FE Bureau

Covid-19: Govt eyes 51 crore vaccine doses by July

By July, there would be a total of 51.6 crore doses, VK Paul, member, health, Niti Aayog and chair of the National Expert Group on Vaccine Administration for Covid-19, said. He said the government was doing everything to increase development, production and supply of ‘made in India’ vaccines. from The Financial Express https://ift.tt/3yLsZx2 https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: Costco sees shipping costs rise on fresh meats, imported cheeses

Costco sees shipping costs rise on fresh meats, imported cheeses The Issaquah, Washington-based company reported quarterly double-digit net sales growth of 21.7% to $44.38B, up from $36.45B a year ago. via FOX BUSINESS NEWS https://ift.tt/3wFwTG4

Govt: Not concealing Covid deaths

Lav Agarwal, joint secretary, ministry of health and family welfare (MoHFW), said at a media briefing on Thursday that there was no question of concealing Covid deaths and such reports were baseless and false. from The Financial Express https://ift.tt/3unGRud https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: White House likely to dispute GOP plan to pay for its $1T infrastructure counter-offer

White House likely to dispute GOP plan to pay for its $1T infrastructure counter-offer On Thursday morning a group of Republican senators led by Shelley Capito, W.Va., will introduce their new counter offer to President Biden’s infrastructure plan. via FOX BUSINESS NEWS https://ift.tt/3uw01OE

FOX BIZ NEWS: Lockheed Martin holds training for White male leaders to address their privilege, culture: report

Lockheed Martin holds training for White male leaders to address their privilege, culture: report Aerospace and defense company Lockheed Martin’s White male employees in leadership positions have gone through training to bring awareness to White male culture and its impact on the company as a whole. via FOX BUSINESS NEWS https://ift.tt/34kLCKf

FOX BIZ NEWS: Cryptocurrency, videogaming power Nvidia to record earnings

Cryptocurrency, videogaming power Nvidia to record earnings Nvidia Corp. reported a record quarterly revenue and profit, propelled by demand for videogaming and cryptocurrency and despite a broad-based shortage of semiconductors. via FOX BUSINESS NEWS https://ift.tt/2QZ88Wa

FOX BIZ NEWS: Secretary Yellen scolded for failure to appear at small business hearing

Secretary Yellen scolded for failure to appear at small business hearing U.S. Treasury Secretary Janet Yellen provoked the ire of some lawmakers on Capitol Hill who held a small business hearing that the secretary did not attend. via FOX BUSINESS NEWS https://ift.tt/3foE1Rn

FOX BIZ NEWS: Ronald Reagan Presidential Library officially reopens after COVID closure

Ronald Reagan Presidential Library officially reopens after COVID closure The Ronald Reagan Presidential Library in Simi Valley, California, is the most visited in the country, and it finally reopened to visitors Wednesday. via FOX BUSINESS NEWS https://ift.tt/3bWvfI6

FOX BIZ NEWS: Bank of America CEO says capitalism is 'the best way to solve the challenges that are facing society'

Bank of America CEO says capitalism is 'the best way to solve the challenges that are facing society' Bank of America CEO Brian Moynihan said Wednesday that capitalism is “the best way to solve the challenges that are facing society.” via FOX BUSINESS NEWS https://ift.tt/3vtKyzU

FOX BIZ NEWS: White House sticks by Biden's $4T spending plans despite Dimon warning on inflation

White House sticks by Biden's $4T spending plans despite Dimon warning on inflation The White House on Wednesday defended President Biden's sweeping $4 trillion spending plans, despite a warning from JPMorgan Chase CEO Jamie Dimon that the unprecedented levels of government stimulus could lead to runaway economic growth. via FOX BUSINESS NEWS https://ift.tt/3yDZhKl

FOX BIZ NEWS: Hawley, Sanders decry $10B 'bailout' to Jeff Bezos tucked into bill to rebuff China

Hawley, Sanders decry $10B 'bailout' to Jeff Bezos tucked into bill to rebuff China Sens. Josh Hawley and Bernie Sanders are speaking out against a $10 billion corporate “bailout” to Blue Origin, a space flight company founded by Amazon’s Jeff Bezos. via FOX BUSINESS NEWS https://ift.tt/2QSvhJG

FOX BIZ NEWS: Employees ask Amazon to sever contracts with Israeli defense forces after conflict with Hamas: Report

Employees ask Amazon to sever contracts with Israeli defense forces after conflict with Hamas: Report Employees at Amazon are reportedly asking the company to acknowledge what has happened to the Palestinian people following the deadly conflict in the Middle East, including by asking the company to end business contracts with Israeli defense forces. via FOX BUSINESS NEWS https://ift.tt/3hSpaQI

Coronavirus Cases in India Live News.: Pfizer in talks with Modi govt as India stares at acute vaccine shortage

Coronavirus Cases and Deaths in India Today Live Count, Black Fungus and Yellow Fungus Infection in India, Covid-19 Vaccine Tracker India Live Updates: The number of people vaccinated per day has gone down to new low, a Crisil report has pointed out. from The Financial Express https://ift.tt/3fJqti9 https://ift.tt/eA8V8J FE Online

Tropical Cyclone Yaas Tracker Live: Odisha-Bengal on edge as ‘very severe cyclonic storm’ set to make landfall around noon

Yaas Cyclone Current Location Live, Weather Forecast Today, Super Cyclone Yaas Landfall n Odisha, West Bengal (WB), Andhra Pradesh Live News: Around 20 lakh people have been evacuated to a safer location in the two states. NDRF has deployed teams in the states with the armed forces also on standby. from The Financial Express https://ift.tt/3yE8GBS https://ift.tt/eA8V8J FE Online

FOX BIZ NEWS: Florida advances free-speech agenda, bans social media censorship

Florida advances free-speech agenda, bans social media censorship Lieutenant Governor Jeanette Nuñez details the new ban: 'we want it to be equal for everyone. We want to preserve free speech' via FOX BUSINESS NEWS https://ift.tt/3up8JxQ

FOX BIZ NEWS: Ron DeSantis signs law holding tech companies accountable

Ron DeSantis signs law holding tech companies accountable Former OMB Director Russ Vought discusses the importance of holding Big Tech accountable on 'Kudlow' via FOX BUSINESS NEWS https://ift.tt/2QWGadG

Ensuring the same rights: The govt must work on allowing same-sex marriage, can amend the Special Marriage Act to stave off religious backlash

If it wants to avoid a religious backlash, it can start with recognition under the secular Special Marriage Act, along with removal of the anti-privacy 30-day notice period requirement. from The Financial Express https://ift.tt/3i0yemu https://ift.tt/eA8V8J The Financial Express

FOX BIZ NEWS: Biden says he lifted sanctions on Nord Stream 2 'because it’s almost completely finished'

Biden says he lifted sanctions on Nord Stream 2 'because it’s almost completely finished' President Biden said that he lifted sanctions on the Russia-to-Germany pipeline Nord Stream 2 "because it’s almost completely finished." via FOX BUSINESS NEWS https://ift.tt/3vrAqHK

FOX BIZ NEWS: At Epic v Apple's closing, judge probes implications of upending Apple's App Store

At Epic v Apple's closing, judge probes implications of upending Apple's App Store Federal Judge Yvonne Gonzalez Rogers held unconventional closing arguments Monday in the antitrust trial between Epic Games and Apple Inc, peppering both sides' attorneys for three hours about how far she could - and should - go to change Apple's App Store business. via FOX BUSINESS NEWS https://ift.tt/3uhmZZD

Yellow Fungus: Symptoms, risks, causes, treatment and how it’s different from black & white fungus — all you need to know

What is Yellow Fungus Disease, Its Symptoms, Causes and Treatment: Like black fungus and white fungus, yellow fungus too is a fungal infection, but it can be rather fatal and deadly as it begins internally. from The Financial Express https://ift.tt/3vkUvPR https://ift.tt/eA8V8J FE Online

FOX BIZ NEWS: Biden's solar ambitions collide with China labor complaints

Biden's solar ambitions collide with China labor complaints The Biden administration’s solar power ambitions are colliding with complaints the global industry depends on Chinese raw materials that might be produced by forced labor. via FOX BUSINESS NEWS https://ift.tt/3wJK1dp

FOX BIZ NEWS: Florida Gov. DeSantis signs law to hold Big Tech companies accountable for content moderation practices

Florida Gov. DeSantis signs law to hold Big Tech companies accountable for content moderation practices Florida Gov. Ron DeSantis on Monday signed a measure that he says will protect state residents from Silicon Valley’s “power grab on speech, thought and content.” via FOX BUSINESS NEWS https://ift.tt/3wtiLQ4

FOX BIZ NEWS: Shell to sell interest in Deer Park refinery to partner Pemex

Shell to sell interest in Deer Park refinery to partner Pemex Royal Dutch Shell agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint. via FOX BUSINESS NEWS https://ift.tt/3vkzMvI

Non-compliance with new rules: Facebook, Twitter, WhatsApp run the risk of losing legal immunity

The government had given such firms three months to comply with the new rules but as on Monday none of the firms have done so. Instead, they have under aegis of industry associations sought a six-month extension for compliance as the Pandemic has crippled their normal office work. from The Financial Express https://ift.tt/3fegSRw https://ift.tt/eA8V8J Kiran Rathee

Pfizer, Moderna order books full, will contact Centre when they have Covid vaccine surplus: Health ministry

The Punjab and Delhi governments have said they failed in their attempt to directly procure the Covid-19 vaccines for the 18-44 age group from these global vaccine-makers with companies preferring to deal directly with the Central government. from The Financial Express https://ift.tt/2QTlRxK https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: AMC Theaters CEO uses Twitter to build relationships with retail investors

AMC Theaters CEO uses Twitter to build relationships with retail investors If you’re a small investor and own shares of AMC, don’t be surprised if you get a Twitter follow from the company’s Chairman and Chief Executive Officer, Adam Aron.  via FOX BUSINESS NEWS https://ift.tt/3bR8PrJ

Union food secretary urges states, stakeholders for steps to soften high prices of edible oils

Central Organization for Oil Industry and Trade (COOIT) is not in favour of reducing import duty or for removal of agri-cess from imported edible oils as it will discourage farmers during ensuing kharif sowing, and they will have distrust towards industry and trade, said Suresh Nagpal, chairman of the trade body. from The Financial Express https://ift.tt/2RM83oZ https://ift.tt/eA8V8J FE Bureau

Nifty’s June target at 15,700, Bank Nifty may hit 36,200 soon; BFSI, auto stocks may outrun

The elongated up moves followed by shallow price correction highlights robust price structure that makes us confident to revise our target to 15700 for the month of June 2021, as it is 123.6% external retracement of Feb-April Correction (15432-14151). from The Financial Express https://ift.tt/3yxCMa2 https://ift.tt/eA8V8J

Coronavirus India LIVE Updates: Will India get America’s support in ramping up vaccine supply? All eyes on Jaishankar’s US trip

Coronavirus in India, Black fungus infection in India latest news, May 24 Covid news: With more and more states reporting cases of Mucormycosis, experts say that it's time to find the exact cause to avert any future tragedy. from The Financial Express https://ift.tt/3hVqqCu https://ift.tt/eA8V8J FE Online

Sales Spurt: E-commerce firms press pedal on hiring across functions

Sivaram said there has been a 15% jump in the demand for management information specialists over the pre-pandemic period. Customers, he added, were also looking for CAD designers, those manning IT help desks, UI and UX developers and full stack programmers. from The Financial Express https://ift.tt/34eQeS0 https://ift.tt/eA8V8J Shubhra Tandon

Cairn case: PSBs not asked to withdraw funds from foreign currency accounts, says govt

The government also stated that the CEO and other representatives of Cairn have approached the government for discussions to resolve the matter. Constructive discussions have been held and the government remains open for an amicable solution to the dispute within the country’s legal framework, it added. from The Financial Express https://ift.tt/3oN3tmv https://ift.tt/eA8V8J FE Bureau

Lack of succession planning greatest long-term risk to Indian MSMEs, say experts

Amid changes in the overall business environment over the past few years in India such as demonetsation, GST implementation, Covid pandemic, economic downturn, etc., the need for succession planning is more critical than ever. Also, there is a challenge of finding employees who are as skilled as the outgoing ones in the organization. from The Financial Express https://ift.tt/3oJaYL7 https://ift.tt/eA8V8J FE Online

More MSMEs get CMERI’s technology to ramp up production of OEU devices generating medical oxygen

OEUs concentrate oxygen from the air by selectively removing nitrogen to supply oxygen-enriched air. The concentrated oxygen is then delivered to the patient with breathing-related problems through an oxygen mask or nasal cannula. from The Financial Express https://ift.tt/3oGOHO2 https://ift.tt/eA8V8J FE Online

Israel-Hamas ceasefire: What next?

The latest ceasefire provides a narrow window of opportunity to the international community, especially the Middle East Quartet (US, EU, Russia and UN), to reinitiate the moribund Middle East Peace process from The Financial Express https://ift.tt/3uaFX3R https://ift.tt/eA8V8J

FOX BIZ NEWS: Tribune shareholders approve sale of newspapers to Alden

Tribune shareholders approve sale of newspapers to Alden A deal to sell the newspapers of Tribune Publishing has been approved by the company's shareholders. via FOX BUSINESS NEWS https://ift.tt/3vjEE4k

Coronavirus Cases India Live Updates: India reports 2.4 lakh new cases; over 19.49 crore vaccine doses administered

Covid-19 Cases and Deaths in India, Coronavirus Lockdown Extension in India, Covid Vaccination In India Live: Over the past few days, the country has been recording a steady decline in the number of daily cases. from The Financial Express https://ift.tt/3yyIrMP https://ift.tt/eA8V8J FE Online

Idea Exchange: In last few years, at times State has backed mob attacking civil liberties. It’s necessary for courts to protect liberties, says Justice Mathur, former Chief Justice of Allahabad HC

"In the constitutional structure, the judiciary is also a face of the State. The executive, legislature and judiciary need to have respect for each other," says Justice Mathur from The Financial Express https://ift.tt/3fdzMru https://ift.tt/eA8V8J FE Bureau

Nuanced, but timely: RSS chief Mohan Bhagwat says need for collective action rather than individual leadership

By referring to RSS founder K B Hedgewar’s heroic role during the plague epidemic, Bhagwat hinted that the BJP had been found inadequate in public service during the pandemic — a point also made by RSS Delhi state executive member Rajiv Tuli, who questioned the absence of Delhi BJP leaders in the Capital when cases surged. from The Financial Express https://ift.tt/3fdfezK https://ift.tt/eA8V8J Coomi Kapoor

Coronavirus in India LIVE: India reports below 3 lakh new Covid-19 cases for 6th day in a row; Over 4,000 deaths

Coronavirus Lockdown Extension in India, Covid-19 Cases and Deaths in India, Covid Vaccine India Update May 22 Live: India reported 257,299 new coronavirus infections in the last 24 hours, taking the overall Covid-19 tally to 2,62,89,290. from The Financial Express https://ift.tt/3oBWtZM https://ift.tt/eA8V8J FE Online

FOX BIZ NEWS: Biden announces vaccine, semiconductor production partnerships with South Korea

Biden announces vaccine, semiconductor production partnerships with South Korea President Biden and South Korean President Moon Jae-in unveiled a COVID-19 vaccine partnership and pledged for the two nations to work closely to develop emerging technologies during a summit meeting at the White House on Friday. via FOX BUSINESS NEWS https://ift.tt/3wpSvpD

FOX BIZ NEWS: Amazon, Google, Apple employees voice support for Palestinians

Amazon, Google, Apple employees voice support for Palestinians Employees at Amazon, Google and Apple have voiced support for Palestinians in public posts and letters and are asking their employers to do the same. via FOX BUSINESS NEWS https://ift.tt/3hLTnkq

FOX BIZ NEWS: NY AG introduces police reform legislation aimed at reducing use of force

NY AG introduces police reform legislation aimed at reducing use of force New York Attorney General Letitia James on Friday introduced police reform legislation allowing prosecutors to determine whether officers unlawfully abuse the use of force. via FOX BUSINESS NEWS https://ift.tt/3f8Jn2X

FOX BIZ NEWS: White House reduces infrastructure proposal to $1.7T, down from $2.25T

White House reduces infrastructure proposal to $1.7T, down from $2.25T Press secretary Jen Psaki revealed Friday that the White House is offering to bring the pricetag of its infrastructure package down from $2.25 trillion to $1.7 trillion. via FOX BUSINESS NEWS https://ift.tt/3oBCavo

FOX BIZ NEWS: Inside the Simon & Schuster blowup over its Mike Pence book deal

Inside the Simon & Schuster blowup over its Mike Pence book deal A petition demanded that the company scrap the Pence memoir, part of a two-book deal, and refrain from making any deals with members of the Trump administration. via FOX BUSINESS NEWS https://ift.tt/2SdOHJl

FOX BIZ NEWS: As pandemic spread pain and panic, Dem congressman chased profit

As pandemic spread pain and panic, Dem congressman chased profit Since early 2020, New Jersey Rep. Tom Malinowski has bought or sold as much as $1 million of stock in medical and tech companies that had a stake in the virus response, records show. via FOX BUSINESS NEWS https://ift.tt/3hGJNzi

FOX BIZ NEWS: McConnell on infrastructure: Republicans not willing to compromise on package topping $2T

McConnell on infrastructure: Republicans not willing to compromise on package topping $2T Republicans are not willing to compromise on President Biden’s $2.3 trillion infrastructure plan unless the White House settles on a target without revisiting the 2017 tax bill, Senate Minority Leader Mitch McConnell told FOX Business’ “Kudlow” on Thursday via FOX BUSINESS NEWS https://ift.tt/3ysvsMN

FOX BIZ NEWS: Dallas Fed President talks inflation and asset purchase dial back

Dallas Fed President talks inflation and asset purchase dial back Dallas Federal Reserve President Robert Kaplan weighs in on cryptocurrencies, inflation and the Fed's economic plans. via FOX BUSINESS NEWS https://ift.tt/2Sewuvd

Insolvency: Supreme Court says banks can invoke personal guarantee

Legal experts said the judgment now empowers banks to simultaneously proceed against the corporate debtor and the personal guarantors, thereby ensuring that the liability of the personal guarantor for the balance does not get extinguished after approval of a resolution plan for a corporate debtor. from The Financial Express https://ift.tt/3oPNZyp https://ift.tt/eA8V8J Indu Bhan

Tip of the iceberg: Current ice-loss is a speck of what’s in store sans drastic green action

Without immediate, and drastic, reduction of greenhouse gas emissions, various expert bodies have repeatedly warned over the last few years, keeping the planet on a warming trajectory that avoids catastrophic impact for large swathes is impossible. from The Financial Express https://ift.tt/3v7hKNk https://ift.tt/eA8V8J The Financial Express

FOX BIZ NEWS: Kansas City Southern expected to terminate Canadian Pacific deal

Kansas City Southern expected to terminate Canadian Pacific deal Kansas City Southern is expected to ditch its merger agreement with Canadian Pacific Railway Ltd. in favor of a competing proposal from Canadian National Railway Co. according to people familiar with the matter, a dramatic turn with big implications for the shape of the U.S. rail industry. via FOX BUSINESS NEWS https://ift.tt/3oF6vcr

RBI mandate: Wallets, cards to be made interoperable

“It shall be mandatory for PPI issuers to give the holders of full-KYC PPIs (KYC-compliant PPIs) interoperability through authorised card networks (for PPIs in the form of cards) and UPI (for PPIs in the form of electronic wallets),” the notification said. from The Financial Express https://ift.tt/3fF8xp8 https://ift.tt/eA8V8J FE Bureau

Labour unrest: Strikes, lockouts down in Modi era

If more than one trade union of workers registered under the IR Code are functioning in an industrial establishment, and no such trade union has 50% or more workers on the muster roll, a negotiating council will be constituted by the employer. from The Financial Express https://ift.tt/2QFXzam https://ift.tt/eA8V8J Surya Sarathi Ray

FOX BIZ NEWS: Nike partnering with Customs and Border Protection to stop the influx of counterfeit goods

Nike partnering with Customs and Border Protection to stop the influx of counterfeit goods Nike is partnering up with Customs and Border Protection to try to stem the influx of counterfeit goods coming into America. via FOX BUSINESS NEWS https://ift.tt/3hHaoML

FOX BIZ NEWS: Microsoft plans to pull the plug on Internet Explorer

Microsoft plans to pull the plug on Internet Explorer Microsoft said it plans to largely retire its Internet Explorer browser, adding to the digital scrap heap a product once at the center of one of the tech industry’s biggest battles. via FOX BUSINESS NEWS https://ift.tt/33WhBQO

FOX BIZ NEWS: Criminal probe of Andrew Cuomo administration broadens to COVID-19 testing issues

Criminal probe of Andrew Cuomo administration broadens to COVID-19 testing issues Federal investigators are examining whether New York state officials gave priority access to COVID-19 testing to some of Gov. Andrew Cuomo’s close associates and his brother during the early days of the coronavirus pandemic, according to people familiar with the matter. via FOX BUSINESS NEWS https://ift.tt/33WzvTy

FOX BIZ NEWS: New York’s Excelsior Pass: How it works and when you may need to use it

New York’s Excelsior Pass: How it works and when you may need to use it With much of New York allowed to fully reopen for business Wednesday — and relaxed CDC rules for vaccinated people at indoor venues going into effect — residents may soon find themselves having to provide proof of inoculation or a negative COVID-19 test to gain entry to events or businesses. via FOX BUSINESS NEWS https://ift.tt/2RAOwaW

FOX BIZ NEWS: Amazon.com faces five new racial, gender bias lawsuits

Amazon.com faces five new racial, gender bias lawsuits Amazon.com Inc was hit on Wednesday with five new lawsuits by women who worked in corporate or warehouse management roles and accused the online retailer of gender bias, racial bias or both. via FOX BUSINESS NEWS https://ift.tt/3v2Z80N

FOX BIZ NEWS: Oatly eyes IPO at $15 to $17 a share

Oatly eyes IPO at $15 to $17 a share Celebrity-backed Swedish oat-milk maker Oatly Group AB prepared to price its initial public offering Wednesday amid another day of stock-market declines. via FOX BUSINESS NEWS https://ift.tt/2Rqrow2

Junk privacy policy: Govt to WhatsApp

The notice, sent on May 18, has given WhatsApp seven days to respond, and if the government does not receive any satisfactory response till then, it will initiate action in consonance with the laws. from The Financial Express https://ift.tt/3wh87f6 https://ift.tt/eA8V8J Kiran Rathee

FOX BIZ NEWS: Colonial Pipeline CEO pressed by lawmakers over $4.4M ransom payment to hackers

Colonial Pipeline CEO pressed by lawmakers over $4.4M ransom payment to hackers Colonial Pipeline CEO Joseph Blount faced mounting pressure from Congressional lawmakers Wednesday after he admitted the company made a payment to the hackers responsible for a ransomware attack that knocked the pipeline offline for several days. via FOX BUSINESS NEWS https://ift.tt/2S9dHRY

FOX BIZ NEWS: Peter Thiel, J.D. Vance ready to Rumble, investing in popular conservative video site

Peter Thiel, J.D. Vance ready to Rumble, investing in popular conservative video site Fox Business spoke to Rumble CEO Chris Pavlovski about the new deal on Wednesday, which includes big name investors such as billionaire Peter Thiel and venture capitalist firm Narya, which was co-founded by author J.D. Vance. via FOX BUSINESS NEWS https://ift.tt/3bD0CqW

Indian Railways to expand oxygen plant capacity across 86 hospitals

Currently, four oxygen plants are functional, 52 are sanctioned and 30 are under various stages of processing. The national transporter will fast track the process to create 86 oxygen plants in its hospitals across India. “We plan to achieve this as quickly as possible. Work will start in June,” a Railways spokesperson said. from The Financial Express https://ift.tt/3ovecli https://ift.tt/eA8V8J FE Bureau

Railways delivers 10,000 MT oxygen to 13 states

“We reached the milestone of carrying 10,000 MT of LMO on Monday morning on Oxygen Expresses and delivered oxygen to 13 states in more than 600 tankers,” Railway Board chairman Suneet Sharma said on Monday at a virtual press interaction. from The Financial Express https://ift.tt/3v1NKST https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: Amazon extends June 2020 moratorium on police use of facial recognition software until further notice

Amazon extends June 2020 moratorium on police use of facial recognition software until further notice Amazon.com Inc (AMZN.O) said on Tuesday it is extending until further notice a moratorium it imposed last year on police use of its facial recognition software. via FOX BUSINESS NEWS https://ift.tt/2RlC3bl

Covid-led operational curbs in India impacted business: Walmart

Most Indian states have imposed lockdowns and curfews to tame a deadly spike in cases. In some markets, including the major ones like Maharashtra and New Delhi, e-commerce companies are allowed to deliver only essentials. Essentials would typically include food, grocery items and medical supplies. from The Financial Express https://ift.tt/33UuLOb https://ift.tt/eA8V8J FE Bureau

Dull Demand: Drop in commercial papers issuances points to slowing credit growth at banks

According to data released by the Reserve Bank of India (RBI), CP issuances were to the tune of Rs 89,576 crore in April 2021, lower than Rs 1.33 lakh crore in April 2020. Interestingly, April 2020 was a month of nationwide lockdown, in contrast to the smaller lockdowns currently in effect across states. from The Financial Express https://ift.tt/2RuWulV https://ift.tt/eA8V8J FE Bureau

Covid-19: 98% of people remain vulnerable to Coronavirus, says govt

“There is now a gradual ingress of Covid-19 infection in peri-urban, rural and tribal areas, with most of the new cases coming from these areas,” Lav Agarwal, joint secretary, ministry of health and family welfare said, stressing that the country could not afford let its guard down. from The Financial Express https://ift.tt/3weFsY6 https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: Under Armour shareholders can sue over sales disclosures

Under Armour shareholders can sue over sales disclosures Under Armour Inc shareholders may pursue a lawsuit accusing the sports apparel company of concealing how it pulled sales forward from future quarters to meet Wall Street revenue forecasts, the subject of a recent regulatory settlement, a federal judge ruled on Tuesday. via FOX BUSINESS NEWS https://ift.tt/3hIYdPc

FOX BIZ NEWS: White House to nominate national security veteran for DOJ post

White House to nominate national security veteran for DOJ post Matt Olsen, Uber Technologies Inc.’s chief trust and security officer and a veteran of Washington’s national security circles, is expected to be nominated to serve as head of the Justice Department’s National Security Division, according to people familiar with the matter. via FOX BUSINESS NEWS https://ift.tt/3hwLkYH

FOX BIZ NEWS: Winners & losers in Discovery's marriage with AT&T's WarnerMedia

Winners & losers in Discovery's marriage with AT&T's WarnerMedia In what could easily be the year’s biggest media deal, AT&T announced it will spin off its WarnerMedia assets and combine them with Discovery in a blockbuster $43 billion tie-up that’s shaking up the entertainment industry and already there are winners and losers via FOX BUSINESS NEWS https://ift.tt/3huYF3G

Lockdown woes: Joblessness rate near 1-year high; unemployment up in rural areas; virus threat hits demand for MGNERGS work

According to data released by Centre for Monitoring Indian Economy (CMIE), rural joblessness doubled to 14.34% in the week ended May 16 from 7.29% in the previous week. Urban unemployment rate went up to 14.71% in the latest week under review from 11.72% in the week earlier. from The Financial Express https://ift.tt/2Qv1hn8 https://ift.tt/eA8V8J Surya Sarathi Ray

Analyst Corner: Maintain ‘buy’ on Escorts, revised TP at Rs 1,350

EBITDA came in at Rs 345 crore (our estimate: Rs 333 crore) as compared to Rs 364 crore reported in Q3FY21, a de-growth of ~5%qoq. EBITDA margin stood at 15.6% (contraction of 245 bps qoq) in line with our estimate of 15.5%. The margins contracted on account of the adverse impact of rising commodity prices. from The Financial Express https://ift.tt/3onKmPX https://ift.tt/eA8V8J

Analyst Corner: Maintain ‘buy’ on Cipla, raise TP to Rs 1,065

US on a steady growth path; sizeable launches lined up in FY23: Cipla continues to see strong traction for its gProventil (albuterol inhaler) launch in the US where it has garnered 13.2% volume share. 4Q US sales at $138 m declined 2% qoq on lack of meaningful launches. from The Financial Express https://ift.tt/3waTs56 https://ift.tt/eA8V8J HSBC

Covid-19: 17 more labs to now monitor variants

Vardhan, while announcing this at the 26th meeting of the group of ministers (GoM), informed that the 17 labs were going to be added to the INSACOG network to increase the number of samples screened. The INSACOG network is currently served by 10 labs across India that are tracking emerging variants and mutants in the second wave. from The Financial Express https://ift.tt/3bu10In https://ift.tt/eA8V8J FE Bureau

FOX BIZ NEWS: Kamala Harris and her husband donated just 1.6% of their income to charity in 2020

Kamala Harris and her husband donated just 1.6% of their income to charity in 2020 Vice President Kamala Harris and the Second Gentleman Doug Emhoff reported earning millions of dollars in 2020, but donated a small fraction to charity, according to tax documents released by the White House on Monday. via FOX BUSINESS NEWS https://ift.tt/3eXbDWm

FOX BIZ NEWS: Texas Gov. Abbott signs cybersecurity compliance law after Colonial Pipeline hack

Texas Gov. Abbott signs cybersecurity compliance law after Colonial Pipeline hack Texas Gov. Greg Abbott on Monday announced that he was signing a law intended to penalize local governments that do not keep up with cybersecurity training requirements one week after ransomware attack shut down a major U.S. pipeline. via FOX BUSINESS NEWS https://ift.tt/3btQSiP