Monday, Jan 18, 2021 | Last Update : 01:23 PM IST
Columns
Farm laws are intended to give Corporate India a legal licence to muscle in on these small guys who have unequal or no bargaining power
We have vaccinations slowly covering the population but as of now it will be Easter before the over 50s will be covered
An intolerant religion can never be the basis of nationhood and national unity in India
As an adolescent, like most others, I wrote those poems. Emotions crystallized in show-off nonsense from studying literature
Economy
Home prices across India fall 2.3 per cent in six months
As on Q2 2020, prices declined by 1.9 per cent for the 12-month period
World Bank says global economy to shrink 5.2%, worst recession since WWI
Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this year
India's economy worst-hit among emerging markets
At 4.9 per cent retail inflation in 2020 will be the highest in India.
RBI announces Co-lending scheme for banks, NBFCs for priority sector
The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the economy
India's domestic air passenger traffic improves in September
The Civil Aviation ministry had permitted domestic flights to resume their operations from May 25 with one-third capacity
Market
Rough diamond imports grow after seven months as order come in
The pandemic lockdown and voluntary stoppage of imports by the industry to clear inventories have seen imports declining for past 7 months
Indices extend loses for 4th day, Sensex plunges 667 points, Nifty below 10,900
Kotak Bank was the top loser in the Sensex pack, falling over 4 per cent
Six of 10 most valued companies lose Rs 1.38 lakh crore in m-cap; RIL top loser
The market valuation of Reliance Industries Limited (RIL) plunged by Rs 50,239.78 crore to Rs 13,10,323.21 crore
Six of 10 top valued firms lose Rs 78,275 crore in m-cap, Reliance, TCS top losers
RIL's valuation plunged by Rs 20,666.46 crore to Rs 13,40,213.50 crore, taking the biggest drop among the 10 most valued firms
Companies
Samsung heir's troubles multiply, charged with fraud in taking over reins of company
Lee Jae-yong, vice chairman of Samsung Electronics, committed stock manipulation, breach of trust and other offences, prosecutors said.
Anand Mahindra invests in Kerala startup making manhole cleaning robots
In addition to Anand Mahindra, the startup has two more investors, Unicorn Ventures which made the initial investment in 2018 and Sea Fund
6 of top 10 firms add Rs 1.6 lakh crore in m-cap; ICICI, Kotak Bank top gainers
The market valuation of ICICI Bank jumped by Rs 26,620.32 crore to Rs 2,82,550.05 crore, becoming the biggest gainer
Vodafone Idea rebrand as 'Vi' in fight for telecom market share
Vodafone Idea lost 4.7 million customers in May alone, while market leader Reliance Jio added 3.7 million
Novartis profits rise despite coronavirus sales swings
Sales were mostly affected by lower new patient starts and significant reduction in patient visits to physicians, said Novartis
Autos
Daimler Q2 loss widens on weak demand
CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery”
Mylan Pharma to launch remdesivir in India at Rs 4,800 per 100 mg vial
The drug will be launched under the brand name Desrem in India and will be available to patients later this month
Ducati India open bookings for 2020 Panigale V2 ahead of launch
Unlike the outgoing model, the Panigale V2 features a single-sided X and a moulded around refined monocoque frame, the company said
Fiat Chrysler, PSA merger to impact Indian car ops
Auto analysts said there would certainly be leveraging of synergies between the two in this promising but highly competitive automobile market.
In Other News
IndiGo slashes pay up to 35% for senior employees
From May onwards, IndiGo had implemented pay cuts of up to 25 per cent for its senior employees
No ban on taking pictures videos on flights: DGCA
The regulator had said a scheduled flight will be suspended for two weeks if anyone is found taking photographs inside the plane
India, Russia to ink defence logistics support pact
The Russian DCM said that ongoing defence cooperation projects including for MiG-29 and Sukhoi-30 fighter aircraft were being implemented
ICICI Bank-Videocon case: Deepak Kochhar sent to ED custody till September 19
Officials said Deepak Kochhar was placed under arrest as agency wants to put him under custodial interrogation to obtain more details
India's largest bank SBI net profit up 81% to ₹4,189 crore in Q1
Its gross non-performing assets (NPA) of the total advances declined to 5.44 per cent at June-end, over 7.53 per cent at June-end last year