World news info.

Talks are on with the Department of Telecommunications and Department of Space for “necessary regulatory approvals” to bring Amazon’s high-speed broadband services to India via the company’s global space internet initiative Project Kuiper. from Moneycontrol Business News https://www.moneycontrol.com/news/business/after-elon-musk-amazon-eyes-india’s-satellite-internet-space-report_15143021.html

"Our plants are still not fully operational due to lockdown that is ongoing in the states where our plants are located. We expect the opening up announcements by the respective state governments in a phased manner, resulting in impact of our operations in the month of June 2021 also," Ashok Leyland said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3vGXIt8

The report noted that India is seeking to present that at present the court only has Choksi’s point of view and they be made party to the case since he is an Indian citizen and on the run for money laundering and cheating. from Moneycontrol Business News https://www.moneycontrol.com/news/business/mehul-choksi-extradition-government-to-file-affidavitdominican-court-requesting-to-be-made-party-to-choksi’s-hearing_15142781.html

Bitcoin#39;s price is currently $36,908.60, which marks its dominance at 42.21 percent, a decrease of 1.08 percent over the day. from Moneycontrol Business News https://ift.tt/3iknwI3

After falling to a 7-month low in March, manufacturing PMI had improved slightly in April. But as production tumbled in May and finances remained stressed, manufacturing companies again cut jobs. This was the 14th straight month of job losses in a row. from Moneycontrol Business News https://ift.tt/3uByGu7

In April 2021, the manufacturing Purchasing Managers#39; Index (PMI) was 55.5, according to IHS Markit. from Moneycontrol Business News https://ift.tt/3yTQXWY

Home delivery of liquor will be allowed only if the order was placed through a mobile app or an online web portal. No delivery will be made to hostels, offices and institutions. from Moneycontrol Business News https://ift.tt/3g3lhWN

More than 300 creators have been ‘whitelisted’ to release their art on the marketplace. from Moneycontrol Business News https://www.moneycontrol.com/news/business/wazirx-announces-india’s-first-nft-marketplace-–-all-you-need-to-know_15140201.html

The terms of the deal couldn#39;t be learned, the report said, adding that the company has a market value of nearly $4 billion. from Moneycontrol Business News https://ift.tt/3fA4vzg

For the full financial year (FY21), the gross domestic product (GDP) growth contracted 7.3 percent. But it grew 1.6 percent in the fourth quarter (January-March) of the financial year (FY21). from Moneycontrol Business News https://ift.tt/34EZcbr

Lockdowns have forced car showrooms in major markets to shut down, which has reduced May sales to less than a third of the average since January this year, sector experts say. from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-impact-|-lockdowns-ravage-auto-firmsmay-sales-seen-at-11-month-low_15138501.html

नई दिल्ली अग्रणी ऑनलाइन रियल एस्टेट पोर्टल हाउसिंगडॉटकॉम (housing.com) ने ग्लोबल बिजनेस स्कूल, (आईएसबी) के साथ सोमवार को अपने हाउसिंग प्राइसिंग इंडेक्स (एचपीआई) को लॉन्च करने की घोषणा की। यह रियल एस्टेट में आर्थिक गतिविधि का दूसरा संकेतक है। केंद्रीय आवास और शहरी मामलों के सचिव, दुर्गा शंकर मिश्रा ने इसे कई उद्योग के दिग्गजों व शिक्षाविदों की उपस्थिति में एक ऑनलाइन मीटिंग के दौरान लॉन्च किया। एचपीआई देश भर के विभिन्न प्रॉपर्टी मार्केट में मूल्य और मात्रा की गतिविधि पर मासिक रिपोर्ट प्रदान करेगा। हाउसिंगडॉटकॉम और इंडियन स्कूल ऑफ बिजनेस (आईएसबी) श्रीनी राजू सेंटर फॉर आईटी एंड द नेटवर्क्ड इकोनॉमी (एसआरआईटीएनई) के सहयोग से बनाई गई एचपीआई का उद्देश्य एक ऐसे उपकरण के रूप में काम करना है जो भारत के आठ प्रमुख बाजारों में आवासीय घर की कीमतों में बदलावों को ट्रैक करता है। घर खरीदने वालों के लिए ऐसे उपयोगी कीमतों की गतिविधि में उपयोगी अंतर्दृष्टि प्रदान करके, इंडेक्स संभावित होमबायर को प्रॉपर्टी खरीदने के लिए उचित समय का आकलन करने में मदद कर सकता है और साथ ही विक्रेताओं को अपनी प्रॉपर्टी बेचने...

T V Narendran takes over from Uday Kotak, Managing Director, and Chief Executive Officer, Kotak Mahindra Bank Ltd. from Moneycontrol Business News https://ift.tt/2TuZ38p

Experts largely look confident about a recovery in automobile sales from the second quarter of FY22 onwards, as restrictions are likely to be lifted. One brokerage sees a strong cyclical upturn that will last at least three years. from Moneycontrol Business News https://ift.tt/3p44VBf

The latest round of FICCI’s Business Confidence Survey showed that the Overall Business Confidence Index nosedived and stood at 51.5 in the current round after reporting a decadal high value of 74.2 in the previous survey round. from Moneycontrol Business News https://ift.tt/2S0W1It

Sale of anti-COVID drug Fabiflu and other products fire Q1 revenues; the company spends little over $100 million annually on innovation RD business, bigger than most of its peers, developing a potential pipeline of drug assets from Moneycontrol Business News https://ift.tt/3i62RHe

Airtel has partnered with Apollo Hospitals to vaccinate its employees and their dependent family members. The programme is already underway, with camps being set up in 35 cities across India. The telco is bearing the cost of the vaccination drive. from Moneycontrol Business News https://ift.tt/3uvDK3i

Intel CEO Pat Gelsinger noted that the work and study-from-home trends during the COVID-19 pandemic have led to a "cycle of explosive growth in semiconductors" that has placed huge strain on global supply chains around the world. from Moneycontrol Business News https://ift.tt/3wLusBG

"Raymond Ltd strengthened its executive leadership team with the appointment of Harmohan Sahni as chief executive officer of its realty business. An industry stalwart, Harmohan was till recently the COO of Real Estate business of ECL Finance Ltd (Edelweiss Group) and has enormous experience in executing projects," Raymond said in a statement. from Moneycontrol Business News https://ift.tt/3uBSrSn

Paytm IPO: If the share sale goes through, this would be SoftBank’s largest exit in India after Flipkart. from Moneycontrol Business News https://www.moneycontrol.com/news/business/softbank-‘evaluating’-sale3615-billion-worth-sharespaytm-aheadipo-report_15136801.html

A 30-year veteran of BNP Paribas, he has served as CEO of BNP Paribas India branches and led CIB in India since December 2019. from Moneycontrol Business News https://ift.tt/3fWf7Yh

Fixed deposit rates: State Bank of India (SBI), ICICI Bank, HDFC Bank and Kotak Mahindra Bank offer FD tenures ranging from 7 days to 10 years. from Moneycontrol Business News https://ift.tt/3uCbmfK

The company, which opened a new showroom with sales, service and spares support in Baghdad, said it will launch its commuter motorcycle TVS StaR HLX 150 5 Gear and three-wheeler TVS King Deluxe Plus in that market. from Moneycontrol Business News https://ift.tt/3i5nL9K

In a regulatory filing the company said the order is for part design and construction of balance works of Mumbai Metro Rail project. from Moneycontrol Business News https://ift.tt/3fyp7I8

Owing to vaccine shortage, in March, India had put a temporary hold on all major exports of the AstraZeneca coronavirus vaccine to meet demand at home as infections rise. from Moneycontrol Business News https://ift.tt/3uwjOND

While the average production rate of Mahindra Thar hovers around 3,000 units per month, it gets twice the number of bookings here, stretching the waiting period. from Moneycontrol Business News https://ift.tt/3uHrPQc

The Adani Group won operating contracts for the previously government-run Ahmedabad, Guwahati, Jaipur, Lucknow, Mangalore and Thiruvananthapuram airports for 50 years in 2019. from Moneycontrol Business News https://ift.tt/34DWzGR

During the second COVID-19 wave, passenger traffic has fallen to less than 10 percent as compared to the pre-COVID levels, SpiceJet told employees. from Moneycontrol Business News https://ift.tt/3vH0izu

Nithin clarified this is an enabling resolution that allows them as working promoters to draw salaries up to 100 crores in case of liquidity requirements. from Moneycontrol Business News https://ift.tt/3p3pQEB

For Indian equities, the long-term structural liquidity support is hard to ignore and any correction will therefore be short-lived from Moneycontrol Business News https://ift.tt/3wMyJVM

Cash withdrawal for self (using a withdrawal form) along with a Savings Bank passbook has been increased to Rs 25,000 per day. from Moneycontrol Business News https://ift.tt/3vDoBhR

Since May 3, fuel prices have cumulatively jumped by Rs 3.83/litre for petrol and Rs 4.42/litre for diesel after a series of consecutives price hikes over the month. from Moneycontrol Business News https://www.moneycontrol.com/news/business/fuel-price-hike-|-omcs-raise-petrol-prices-by-28-29-paise-diesel-by-26-28-paisemay-31_15136061.html

An amount of $126 million was invested by Fidelity, followed by $75.6 million added by Gamnat Pte Ltd, $50 million by Chimera Investments and $25 million was put in by Pacific Horizon Trust, a report claimed. from Moneycontrol Business News https://ift.tt/3wOarL1

In April, the total net outflow from the Indian capital markets (both equity and debt) stood at Rs 9,435 crore. from Moneycontrol Business News https://ift.tt/3yQQ7dK

Choksi is wanted in India in connection with a Rs 13,500-crore loan fraud in Punjab National Bank. He had been living in Antigua and Barbuda for the last three years after fleeing India before the fraud came to light. from Moneycontrol Business News https://ift.tt/3i3QtYp

Quarantine facilities have been made available from Eastern to Southern India while tie-ups with 144 hospitals have been made to provide medical care to the infected workforce, the company claimed. from Moneycontrol Business News https://ift.tt/2RWxeW3

Having addressed the supply chain issues that plagued it last year, Mercedes-Benz India is also sticking to its original plan to bring 15 new products in the market this year despite the launch of its SUV GLA delayed by almost a month due to fresh surge in COVID-19 cases in April. from Moneycontrol Business News https://ift.tt/3p2sRF0

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The government also removed the loan outstanding ceiling of Rs 500 crore on sectors like hospitality, travel and tourism, leisure and sporting, and civil aviation, which means that even bigger entities with even higher outstanding loans in these sectors can avail of the ECLGS scheme. from Moneycontrol Business News https://ift.tt/2SHNMkw

Anand Mahindra called the financial impact of the pandemic a “harsh reality of lives vs livelihood” and said that “more lives will be ruined if economic activities continue to be frozen” due to coronavirus-enforced lockdown even if the restrictions had saved people#39;s lives. from Moneycontrol Business News https://ift.tt/3i3GjHb

Lottery Sambad Result: The first prize winner of the #39;Dear Bangasree Ichamati#39; lottery will take home Rs 50 lakh from Moneycontrol Business News https://www.moneycontrol.com/news/business/lottery-sambad-result-may-30-‘dear-bangasree-ichamati’-lottery-winners-to-be-announced-at-4-pm_15134721.html

Coronavirus News Highlights: The total number of COVID-19 vaccine doses administered in India has crossed 21.2 crore, according to the Union Health Ministry. from Moneycontrol Business News https://ift.tt/34ADvcw

Affle delivered broad-based growth from both existing and new customers across the top 10 resilient industry verticals, it said in a statement. from Moneycontrol Business News https://ift.tt/34wjALT

Revenue from operations of the company stood at Rs 4,030.12 crore for the financial year ended March 2021. from Moneycontrol Business News https://ift.tt/3fNfm7O

The allotment has been done subsequent to passing of the special resolution by shareholders at an extraordinary general meeting held on May 18, it said. from Moneycontrol Business News https://ift.tt/3yMRhH5

The freight train on Saturday which achieved the highest speed completed its 351 km journey in three hours and twenty minutes. from Moneycontrol Business News https://ift.tt/3fXXUxy

The capital is to be raised in one or more tranches, subject to the approval of the members of the bank at the ensuing Annual General Meeting and any other approvals, it said. from Moneycontrol Business News https://ift.tt/3g03DDk

The bullion metal has been trading higher than 20, 50 and 100 days#39; moving averages but lower than the 5 and 200 days’ moving averages on the daily chart. from Moneycontrol Business News https://ift.tt/3wImMjH

Battered by the pandemic in 2020 and an economic slowdown in 2019, passenger vehicle sales in India fell to 2.7 million units in the last fiscal year - their lowest level in six years and well below the peak of 3.4 million units in fiscal year 2019. from Moneycontrol Business News https://ift.tt/3c3WNv5

Prices could move higher as demand could continue to lend support. However, concerns about Indian demand and expectations for potential supply increase from Iran could cap upside. from Moneycontrol Business News https://ift.tt/3p2ivoG