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Business News
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Covid-19: Apple stores in US keep Mask mandate as company evaluates measures
Bloomberg | | Posted by Harshit Sabarwal
UPDATED ON MAY 15, 2021 09:07 AM IST
All of Apple’s retail stores have required the wearing of masks throughout the pandemic, and some locations have been operating on a limited basis, such as by appointment only.
Covid-19 in US: Walmart to allow vaccinated shoppers, workers to go maskless
AP | | Posted by Harshit Sabarwal, Bentonville
PUBLISHED ON MAY 15, 2021 05:37 AM IST
Workers, however, will need to answer “yes” to a vaccination question in a daily health assessment in order to go maskless, the company said in a memo to employees posted on its corporate website.
Arbitration victors push for recovery
Livemint | By Gireesh Chandra Prasad, New Delhi
PUBLISHED ON MAY 15, 2021 03:54 AM IST
- Two separate cases to enforce arbitration awards—one initiated by British oil firm Cairn Energy Plc and the other by three Mauritius-incorporated entities in their dispute with Indian government-owned Antrix Corp.—are at different stages in courts.
Soaring palm oil prices trigger inflation worries
Livemint | By Suneera Tandon, New Delhi
PUBLISHED ON MAY 15, 2021 03:49 AM IST
- Palm oil prices have more than doubled in the past year. India, the world’s biggest consumer of the edible oil, imports most of its requirements from Indonesia and Malaysia.
Big Bazaar’s home delivery biz picks up in tier-II cities
Livemint | By Suneera Tandon, New Delhi
PUBLISHED ON MAY 15, 2021 03:47 AM IST
- Ongoing restrictions in several states have spurred demand for home deliveries.
Exports, imports stay robust despite Covid-19 curbs
Livemint | By Asit Ranjan Mishra, New Delhi
PUBLISHED ON MAY 15, 2021 03:44 AM IST
- This jump, however, comes over the low base of last year when India entered a nationwide lockdown that disrupted supply chains, impacting both imports and exports.
GoAir files for IPO, looks to raise up to ₹3,600 crore
Livemint | By Rhik Kundu, New Delhi
UPDATED ON MAY 15, 2021 03:40 AM IST
- GoAir, which has rebranded itself as GoFirst, aims to raise funds through the sale of new shares, according to its draft red herring prospectus (DRHP) filed with the Securities Exchange Board of India, a copy of which has been reviewed by Mint.
Wipro appoints Zurich Insurance CEO Tulsi Naidu as independent director
PTI | | Posted by Karan Manral
PUBLISHED ON MAY 14, 2021 10:18 PM IST
Naidu, Zurich Insurance's CEO for Asia Pacific, will serve on Wipro's board for five years, effective July 1, 2021, the Bengaluru-based company said on Friday.
Akshaya Tritiya: Jewellers see just 10% of pre-Covid sales
PTI | , New Delhi
PUBLISHED ON MAY 14, 2021 09:23 PM IST
In a normal year, the industry does business of 25-30 tonnes on Akshaya Tritiya, but this year, it expects a maximum of 3-4 tonnes of sales as offline sales have been badly impacted.
Koo in talks to raise funds, hopes to close a deal in 3-4 months
PTI | , New Delhi
PUBLISHED ON MAY 14, 2021 04:19 PM IST
Koo, which has over the past few months seen a massive surge in user base in the country, is looking at raising "more than what was raised in the last round".
Amazon announces plan to hire 10,000 more employees in UK by year-end
Bloomberg | | Posted by Karan Manral
PUBLISHED ON MAY 14, 2021 02:39 PM IST
The exercise will take Amazon's total headcount in the United Kingdom to 55,000. The jobs will be in corporate offices across London, Manchester, Edinburgh and Cambridge.
Indian budget carrier GoAir files for ₹3,600 crore-IPO
Reuters | , Bengaluru
PUBLISHED ON MAY 14, 2021 02:38 PM IST
The company's offering may also include further share issues worth up to 15 billion rupees, according to the filing.
JioPhone users to get 300 minutes of free outgoing calls per month in pandemic
PTI | , Mumbai
UPDATED ON MAY 14, 2021 02:15 PM IST
Reliance Jio is the first company to announce free talk time for users in the second wave of pandemic wherein many states have imposed lockdowns or lockdown-like restrictions as a desperate measure to restrict the spread of the virus.
Fuel prices rise for 11th day, petrol up by ₹1.94/lt and diesel by ₹2.22/lt
By Rajeev Jayaswal
UPDATED ON MAY 14, 2021 12:36 PM IST
With the latest price revision on Friday, the eighth hike since May 4, fuel rates broke yet another record by taking pump prices of petrol to ₹92.34 per litre and diesel to ₹82.95 a litre in the national Capital
Rupee opens on flat note, rises 6 paise to 73.36 against US dollar
PTI | , Mumbai
PUBLISHED ON MAY 14, 2021 10:35 AM IST
At the interbank foreign exchange, the domestic unit opened at 73.41 against the dollar, then inched 6 paise higher to 73.36 against the American currency.
Indian spot gold rate and silver price on Friday, May 14, 2021 10:01:21 IST
By HT Analytics
PUBLISHED ON MAY 14, 2021 10:02 AM IST
Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Friday, May 14, 2021 10:01:21 IST
Sensex drops over 150 points in early trade; Nifty below 14,650
By hindustantimes.com, Mumbai
PUBLISHED ON MAY 14, 2021 09:21 AM IST
The 30-share BSE index was trading 158.99 points or 0.33 per cent lower at 48,531.81.
Jack Ma’s Ant posted $3.4 billion profit after IPO halt
Bloomberg |
PUBLISHED ON MAY 14, 2021 06:46 AM IST
The company’s affiliate Alibaba reported its first loss in nine years, vowing to hike spending for expansion next year in technology and community commerce.
Ethereum founder donates $1 billion to help Covid-hit India
Livemint | By Prasid Banerjee, New Delhi
PUBLISHED ON MAY 14, 2021 04:12 AM IST
- Buterin, who founded the second-largest cryptocurrency in the world after Bitcoin, made the donation to the India Covid Crypto Relief Fund, run by Indian crypto entrepreneur Sandeep Nailwal.
GST shortfall may exceed ₹1.56 lakh crore due to Covid wave: Amit Mitra
By Rajeev Jayaswal, Hindustan Times, New Delhi
UPDATED ON MAY 14, 2021 12:15 PM IST
- Mitra added that due to the second wave and lockdowns, the compensation would be much higher than what was projected earlier
State govt borrowings dip in FY22
Livemint | By Gopika Gopakumar, Mumbai
PUBLISHED ON MAY 14, 2021 04:05 AM IST
- Twelve states and one Union territory borrowed a total of ₹37,200 crore during April and May, Care Ratings said in a May 13 report, against 22 states and one Union territory which borrowed ₹81,005 crore in the same period last year.
CPPIB’s plan to buy SoftBank’s stake in SB Energy called off
Livemint | By Utpal Bhaskar, New Delhi
PUBLISHED ON MAY 14, 2021 04:00 AM IST
- SoftBank was planning to sell its entire 80% stake in SB Energy, which has a 7.7 gigawatts (GW) solar power portfolio in India, for an estimated $525 million.
Ahead of IPO, Wadia group rebrands GoAir as GoFirst
Livemint | By Rhik Kundu, New Delhi
UPDATED ON MAY 14, 2021 05:53 AM IST
- The rebranding comes at a time when a second wave of Covid-19 has led to a drastic reduction in air passenger traffic.
India Inc gets relief through ESIC, EPFO
Livemint | By Prashant K Nanda, New Delhi
PUBLISHED ON MAY 14, 2021 03:51 AM IST
- The labour ministry has decided to offer flexibility to industries to submit Employees State Insurance Corporation (ESIC) deductions and contributions for April by mid-June, giving them a liquidity boost of ₹1,400 crore.
Retail repayments show signs of stress amid Covid-19
Livemint | By Shayan Ghosh, Mumbai
PUBLISHED ON MAY 14, 2021 03:47 AM IST
- Lenders saw higher cheque bounces in Apr, showing distress among borrowers
Sitharaman hands over keys to homebuyers as SWAMIH Fund completes first project
By hindustantimes.com | Edited by Karan Manral, New Delhi
UPDATED ON MAY 13, 2021 10:10 PM IST
Union finance minister Nirmala Sitharaman on Thursday virtually handed over keys to 640 homebuyers under the central government’s ambitious ‘SWAMIH’ initiative, which completed its first project, the Mumbai-based Rivali Park Wintergreen.
RBI cancels licence of West Bengal-based United Cooperative Bank
PTI |
PUBLISHED ON MAY 13, 2021 09:53 PM IST
- "As per the data submitted by the bank, all the depositors will receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC)," the Reserve Bank of India said in a statement.
Google wins cloud deal from Elon Musk's SpaceX for Starlink internet service
Reuters |
PUBLISHED ON MAY 13, 2021 08:32 PM IST
- SpaceX will set up ground stations within Google's data centers that connect to the Starlink satellites, enabling fast and secure internet services via Google Cloud
India-born Rajesh Agrawal re-appointed London's deputy mayor for business
PTI | , London
PUBLISHED ON MAY 13, 2021 07:02 PM IST
Rajesh Agrawal also committed himself to the agenda on Thursday and made a pledge to focus on a “fairer and greener recovery” for the UK capital from the coronavirus pandemic.