The bank invoked pledge on 56,83,320 shares forming 7.82 percent of paid-up equity share capital of Eveready Industries.
IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares
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Daily Archives: August 8, 2020
Music is as good as gold or oil’: meet the man spending billions on old hits
Former Elton John and Beyoncé manager Merck Mercuriadis on championing artists and his business buying over 13,000 songsLivin’ on a Prayer, Heart of Glass, Copacabana, Single Ladies.They’re all huge pop songs and dancefloor favourites of the past 50 years. And according to one music industry veteran, they are more valuable than gold.Merck Mercuriadis is the […]
Facebook removes massive QAnon group over hate and harassment claims
Facebook just took down one of the larger targets in its crackdown on QAnon conspiracy theories. The social network told Reuters that it had removed Official Q/Qanon, a group with almost 200,000 members, after multiple posts reportedly violated polic…
The U.S. sanctions against Hong Kong officials, explained
Explaining why the United States imposed new sanctions and how this might impact international business.
Three women unite to unseat Europe’s ‘last dictator’
“I am not in politics for power. I am in it for justice,” said Sviatlana Tsikhanouskaya who is running against Belarusian president Alexander Lukaschenko.
I’m Not Ready for the Schools to Reopen This Fall. Why Should Any Parent Be?
New York Gov, Andrew Cuomo said on Friday that it was safe for children to return to the classroom in September. Some parents aren’t so sure.
Will have to increase import duties in more sectors to encourage local manufacturing: Nitin Gadkari
Gadkari-led MSME ministry earlier this year managed to have import duties slashed on incense sticks and bamboo used in the same, to encourage local industry here. In July this year, the government imposed licensing requirements for import of colour TV and tyres, in a bid to discourage imports. Similar measures are being mulled for toys, furniture and sports […]
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Trump Signs Executive Order, Saying It Will Extend Unemployment Benefits and Defer Payroll Tax
The payroll tax deferment would not aid unemployed workers, who do not pay the tax when they are jobless
The Robot Revolution Is Happening—Like It or Not
Nearly every company across every industry is looking for new ways to minimize human contact, cut costs and address the labor crunch in repetitive and dangerous jobs. WSJ explores why many are looking to robots as the solution for all three. Photo: FedEx
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Will these trusts ever bounce back or are they dead ducks?
Some of the most popular income investment trusts have failed to bounce back from the coronavirus crash – and experts reckon it could be time to sell them.
U.S. sanctions branded ‘clowning actions’ as Hong Kong vows not to be intimidated
The Hong Kong government called the sanctions “shameless and despicable” and said the city would not be intimidated by them.
Huawei Reportedly Set To Halt Manufacturing Of Kirin Chipsets
Huawei will stop making its Kirin Chipsets beginning next month, according to the Chinese financial magazine Caixin. read more
‘Zoom is fine, but it can’t match being back in the office’
Property group British Land was one of the first to allow staff back into its London HQ – with lift-button prodders at the readyTemperature checks at reception, spaced-out desks, contactless coffee dispensers and plastic lift-button prodders. Welcome back to work – in an anti-Covid-19 office. These features, which would have been deemed eccentric and invasiv […]
Recession in real time: how big data can track the Covid slump
Official economic data for June will be out this week. But unconventional indicators can help gauge conditions right nowThis week it will be confirmed that Britain’s economy is in the deepest recession for at least a century. Yet only a few days ago, the Bank of England heralded a return to growth, forecasting a more rapid recovery than previously feared.Off […]
Tanzania: GDP Soars Under JPM Tenure
[Daily News] TANZANIA’s annual adjusted GDP rose by 76.5 per cent during the last four years of President John Magufuli’s administration, according to an estimate announced by the Chief Government Spokesman, Dr Hassan Abbasi.
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