Among the high-profile transactions that have become feuds are Mirae Asset Global Investments Co’s $5.8-billion purchase of a US luxury hotel portfolio from Anbang Insurance
Day: April 30, 2020
1.6 billion informal workers in danger of losing their jobs: International Labour Organization – The Economic Times
Total working hours in the second quarter are expected to be 10.5% lower, equivalent to 305 million full-time jobs, than the last pre-crisis quarter, the
IT firms TCS, Infosys, Wipro to reduce subcontractors to control costs – The Economic Times
“We will be reducing dependency on contractors to some extent to optimize it (cost). Lateral hiring will be done for specific skills in a limited
Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’ – The Economic Times
“The notion of putting 7,000 people in a building may be a thing of the past,” Jes Staley said. Barclays plans to reopen its Hong
Wall Street rallies on promising coronavirus drug – The Economic Times
All are well within 20% of their record levels, with the tech-heavy Nasdaq now within 10% of its high. The S&P 500 posted 6 new
Momentum portfolio rejig: Battered financials go out as FMCG, pharma take the cake amid pandemic – ET Prime
In January 2020, when ET Prime came up with its portfolio of momentum stocks, valuations were stretched and investors were already getting increasingly apprehensive, but
We need legislative and institutional reforms to avoid a repeat of panic in debt mutual funds – The Economic Times
In addition, these recent crises need to be used as a trigger for basic regulatory and banking reforms. FT’s decision led to a mild panic
India maps out post-Covid export plan to take on China – The Economic Times
Medical textiles, electronics, plastics are some sectors whose exports can be promoted in coming months. India will look at areas where it has capability but
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