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Business News
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Messaging app Signal experiencing technical difficulties
Reuters
UPDATED ON JAN 15, 2021 10:48 PM IST
Signal has seen a rise in downloads following a controversial change in rival messaging app WhatsApp's privacy terms, which required WhatsApp users to share their data with both Facebook Inc and Instagram
Bengaluru emerges as world’s fastest growing tech hub, London second: Report
PTI, London
PUBLISHED ON JAN 15, 2021 10:37 PM IST
The UK capital of London registered an impressive three times growth between 2016 and 2020, rising from USD 3.5 billion to USD 10.5 billion.
SC asks Govt's, 61 firms' reply on PIL alleging duty evasion in iron ore exports
PTI, New Delhi
PUBLISHED ON JAN 15, 2021 09:39 PM IST
A bench headed by Chief Justice S A Bobde took note of submissions of lawyer and PIL petitioner ML Sharma that companies be prosecuted for alleged evasion of export duty by declaring wrong tariff code to export iron ore.
PVR reports net loss of ₹49 crore in Q3
PTI, New Delhi
PUBLISHED ON JAN 15, 2021 09:03 PM IST
Revenue from operations during the period under review stood at ₹45.10 crore, down 95.04 per cent from ₹915.74 crore in the corresponding quarter a year ago.
DGCA issues guidelines on carrying cargo in passenger compartment of aircraft
PTI, New Delhi
UPDATED ON JAN 15, 2021 07:44 PM IST
"Operator intending to carry cargo in passenger compartment shall apply to DGCA at least 10 days prior to the proposed commencement of operations," the regulator said in its guidelines.
Stuck in Kent: How Brexit red tape strangled cross-border trade
Bloomberg
UPDATED ON JAN 15, 2021 07:30 PM IST
Britain’s logistics industry had warned that businesses would need to hire an additional 50,000 workers to process the 200 million extra customs forms that will be required annually after Brexit.
UK prepares for another recessions as lockdowns cripple economy
AP, London
PUBLISHED ON JAN 15, 2021 07:09 PM IST
- Because of the November fall, the economy is set to contract again in the fourth quarter.
Banks in Europe yet to fully feel pandemic’s impact, warns ECB
Bloomberg
PUBLISHED ON JAN 15, 2021 04:19 PM IST
A key challenge is that companies propped up by government support measures in 2020 could find themselves in vulnerable financial positions as those programs are withdrawn.
RBI drains ₹2 trillion in a bid to nudge shorter rates higher
Bloomberg
PUBLISHED ON JAN 15, 2021 04:08 PM IST
The RBI is draining excess cash after money-market rates crashed way below its 3.35%-4.00% interest-rate corridor late last year, spurring calls from investors for it to remedy a situation that could distort banks’ asset pricing.
GAIL announces ₹1,046.35 crore share buyback
PTI, New Delhi
PUBLISHED ON JAN 15, 2021 03:25 PM IST
The government has asked at least eight state-run companies to consider share buybacks as it scours for ways of raising funds to rein in its fiscal deficit.
UK economy pushed into reverse by November lockdown
Reuters
PUBLISHED ON JAN 15, 2021 03:03 PM IST
The 2.6% monthly decline was much smaller than most analysts expected - a Reuters poll had pointed to a 5.7% contraction - but several economists said Britain was still likely to suffer a double-dip recession.
World shares follow Wall St lower as traders mull Joe Biden plan
AP
UPDATED ON JAN 15, 2021 02:57 PM IST
U.S. futures lost ground after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden spoke about the plan after Thursday’s market close.
Ant is working on timetable for overhaul: Chinese central bank
Bloomberg
UPDATED ON JAN 15, 2021 02:44 PM IST
China’s central bank said Ant Group Co. is working on a timetable to overhaul its business while ensuring operations continue, offering little clue on how far the financial technology giant needs to go to assuage Beijing.
Trump’s Move Cost Bosses at China Tech Giant $4.5 Billion
Bloomberg
PUBLISHED ON JAN 15, 2021 02:29 PM IST
The Trump administration’s surprising blacklisting of Xiaomi Corp. is costing its top executives big bucks.
RAI urges govt to allow retailers to register under MSMEs
PTI, New Delhi
PUBLISHED ON JAN 15, 2021 01:43 PM IST
The USD 854 billion Indian retail sector was one of the worst impacted due to the pandemic.
Borrowing costs for firms jump on RBI's steps to drain cash
Bloomberg
PUBLISHED ON JAN 15, 2021 01:21 PM IST
The surge comes after the RBI announced plans last week to restore normalcy to liquidity operations in markets in a phased manner.
Snapdeal, 4 Indian shopping complexes figure in US Notorious Markets List
By hindustantimes.com | PTI, Washington
UPDATED ON JAN 15, 2021 12:42 PM IST
Snapdeal, four Indian shopping complexes figure in US Notorious Markets List.
Oil retreats from 10-month high as stronger dollar dents rally
By hindustantimes.com | Bloomberg
PUBLISHED ON JAN 15, 2021 12:07 PM IST
Crude is still set for the 10th weekly increase in eleven weeks, even after prices climbed into overbought territory.
Rupee slips 3 paise to 73.07 against US dollar in early trade
PTI
PUBLISHED ON JAN 15, 2021 10:39 AM IST
At the interbank forex market, the domestic unit opened at 73.07 against the US dollar, registering a fall of 3 paise over its previous close.
Indian shares edge lower as Infosys, HDFC Bank weigh; Airtel jumps
Reuters, Bengaluru
UPDATED ON JAN 15, 2021 09:52 AM IST
The blue-chip NSE Nifty 50 index fell 0.5% to 14,529 and the benchmark S&P BSE Sensex was down 0.4% at 49,600.11 by 0411 GMT.
Toyota to pay $180 million to settle US emissions violations: Report
AFP
UPDATED ON JAN 14, 2021 11:11 PM IST
"Toyota pays the price for its misconduct with a $180 million civil penalty and agreement to injunctive relief to ensure that its violations will not be repeated," Assistant Attorney General Jeffrey Bossert Clark said in a statement.
'As promised': Tesla CEO confirms entry into India's automobile market
PTI, New Delhi
PUBLISHED ON JAN 14, 2021 07:31 PM IST
The company has been registered as an unlisted private entity with a paid-up capital of ₹1 lakh.
Open to answering any queries from govt on privacy policy update: WhatsApp
PTI
PUBLISHED ON JAN 14, 2021 05:10 PM IST
"We know we have to compete for users' trust when it comes to privacy and that's very good for the world. People should have choices in how they communicate and feel confident that no one else can see their chats," WhatsApp Head Will Cathcart said.
England high streets could lose 400,000 jobs post Covid-19: study
AFP
UPDATED ON JAN 14, 2021 05:10 PM IST
"According to KPMG analysis, high streets could lose between 20-40 percent of their retail offerings... This could see over 400,000 job losses on the high street."
Google pauses all political ads in wake of attack on US Capitol
ANI
UPDATED ON JAN 14, 2021 04:09 PM IST
At least five people, including a policeman on duty and a female air force veteran who supported Trump, died in January 6 attack. Social media companies Twitter, Facebook and Google's YouTube have all suspended Trump from their platforms.
Stimulus helps global stocks shrug off impeachment chaos
Reuters
PUBLISHED ON JAN 14, 2021 04:05 PM IST
Japan's Nikkei hit a three-decade peak in Asia and Europe opened 0.4% higher as traders there ignored the prospect of another Italian government collapse.
Rupee gains 11 paise to finish at 73.04 against US dollar
PTI, Mumbai
PUBLISHED ON JAN 14, 2021 03:58 PM IST
At the interbank forex market, the rupee opened at 73.18 and hit an intra-day high of 72.97 and a low of 73.18.
Oil prices ease as pandemic outweighs Chinese and US data
Reuters
PUBLISHED ON JAN 14, 2021 03:57 PM IST
Brent crude oil futures fell 36 cents to $55.70 a barrel by 0917 GMT, while US West Texas Intermediate (WTI) dropped 26 cents to $52.65.
German economy shrank 5 per cent in pandemic year 2020
AP
UPDATED ON JAN 14, 2021 03:57 PM IST
The pandemic downturn was smaller than that experienced during 2009, when the economy shrank by 5.7% The state statistics office Destatis said Thursday that only the construction sector showed an upturn as industry and services saw deep declines.
Sensex ends at lifetime high of 49,584; Nifty just shy of 14,600
By hindustantimes.com | PTI
UPDATED ON JAN 14, 2021 04:05 PM IST
Recovering from a shaky start, the 30-share BSE index ended 91.84 points or 0.19 per cent higher at its new lifetime closing high of 49,584.16.