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COVID 19 SLUMP
UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...- Global Markets | Australia Inc starts to feel Iran war fallout, raising stagflation riskAustralia's economy faces a stagflationary shock as the Middle East conflict drives up fuel prices. Top companies like Qantas and Westpac a...
- Global commodity supply disruptions can intensify in coming years, says Economic Survey“Supply disruptions could intensify over the coming year, as the war in Ukraine will lower global production of wheat, maize and fertiliser...
- China's exports, imports shrink in Oct as COVID curbs, global slowdown jolt demandOutbound shipments in October shrank 0.3% from a year earlier, a sharp turnaround from a 5.7% gain in September, official data showed, and ...
- AstraZeneca profits fall, Covid vaccine sales slideNet profit slumped 64 percent to $746 million compared with the first six months of last year, AstraZeneca said in a statement. Operating e...
- European shares tumble on Covid surge, rate hike fearsThe pan-European STOXX 600 dropped 1 per cent by 0815 GMT, after Asian markets followed Wall Street lower on Federal Reserve Chair Jerome P...
- Kesoram Industries puts rayon factory under suspension of workB K Birla group company Kesoram Industries Ltd has put its rayon factory under suspension of work in West Bengal's Hooghly district. The co...
- 487 Covid cases in Delhi, lowest in over 2.5 months; death count below 50 after Apr 11This is the first time the daily death count has gone below the 50-mark since April 11 when the tally was 48.
- Heathrow passenger numbers plunged 73% in 2020For December, Heathrow said that passenger numbers plunged 83% as the new strain of COVID-19 led to countries restricting travellers from B...
- COVID-19 active caseload in country slumps below 3 lakhLess than 20,000 daily new cases (19,556) were added to the national tally in a day after 173 days.
- COVID-19: Active infections slump to 3.13 lakh"The recoveries have surpassed the active cases by more than 92 lakh (92,06,996).The national COVID-19 recovery rate has also increased to ...
- European shares rise as strong China data boosts recovery hopesChina's factory output rose faster than expected in October and retail sales surged as the recovery in the world's second-largest economy f...
- China's inflation fails to perk up, defies broader recoveryConsumer inflation was also soft, easing to an 11-year low as pork prices snapped a year-and-a-half of steep increases that were fuelled by...
- Bengaluru airport becomes first metro airport in India to record positive growth in cargo volumesThe cargo processed last month was 32,449 MT, a growth of0.3 per cent, against the same period last year, according an airport statement on...
- View: How to pull the Indian economy out of the rutRecreating growth in the medium term is likely to come from sectoral strategies across 10 key sectors constituting most of India’s GDP. Dor...
- View: The answers to India's post-Covid revival go beyond public spending and macro remediesWithout denying the need for governments to spend more to prevent a humanitarian catastrophe, we have failed to ask ourselves a more basic ...
- European shares rise on upbeat global mood, cyclicals jumpThe pan-European STOXX 600 rose 0.9% by 0716 GMT, in its fourth consecutive day of gains.
- Finance Ministry puts a leash on expenses in times of CovidThe finance ministry has barred all ministries and departments from proposing new schemes in FY21, barring those announced under the Pradha...
- Dharmendra Pradhan speaks to US Energy Secretary on slump in fuel demand due to Covid-19Since the outbreak of coronavirus, countries across the globe have placed restrictions and announced lockdowns, which have shut businesses ...
- View: Prepare for mammoth coronavirus-induced recessionThe coronavirus does not care a hang about the interest rate or fiscal deficit.
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