Pandemic Financial News

07.06 / 17:37

markets security Election Allianz pandemic 2020 Courts Former Allianz employee pleads guilty to fraud over $7 billion funds meltdown

Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the COVID-19 pandemic, and which according to prosecutors caused $7 billion of investor losses.

07.06 / 16:31

Manufacturing Mobile Election Research pandemic Trade Relationships play Italy could play significant role in boosting India's advanced manufacturing capacity: Vincenzo de Luca

India to increase its manufacturing weight and capacity in the coming years will be crucial, and the collaboration with Italy in advanced manufacturing could play a significant role in it, Vincenzo de Luca, Italy's outgoing Ambassador to India, who is credited with turnaround in the partnership, told ET's Dipanjan Roy Chaudhury.

07.06 / 15:19

markets economy pandemic consequences information Videos The hidden aspects of monetary policy

₹6.9 trillion in April 2022 to less than ₹2 trillion in February 2023. Since February 2023, RBI has kept the policy repo rate unchanged and core liquidity has largely been around same levels, yet the policy stance is the same. Now, with the repo rate near its 2018 peak and the liquidity condition near neutral, the policy stance of ‘withdrawal of accommodation’ has become irrelevant.

07.06 / 15:17

markets Digital economy Election wellness pandemic track RBI policy on expected lines, upgrading GDP growth estimate reposes confidence: Bankers

interest rate was along expected lines, bankers said on Friday, welcoming the RBI's upward revision of the growth estimate. Indian Banks' Association chairman M V Rao, who also heads state-run Central Bank of India, said the policy moves, including the status quo on repo rate and also the stance were on expected lines.

07.06 / 11:42

COST economy pandemic President consequences Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited

The European Central Bank cut its key interest rate by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and...

07.06 / 11:41

COST UPS CEO Analysis pandemic JetBlue country NOT Zombies: Ranks of world's most debt-hobbled companies soaring, not all will survive

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good

06.06 / 17:33

markets COST FIVE pandemic show 2020 reports The number of US homes for sale is slowly returning to normal

ResiClub co-founder and editor-in-chief Lance Lambert discusses the U.S. housing affordability crisis on 'Making Money.'

06.06 / 15:01

UPS pandemic performer reports ReNew reports a record profit of ₹415 crore during FY24

₹414.7 crore on the back of higher income, from a net loss of ₹503 crore in the previous fiscal year, the Gurugram-headquartered company said on Thursday.Though the Nasdaq-listed renewable energy firm witnessed a net profit surge from ₹7.4 crore in the March quarter of FY23 to ₹60.9 crore in Q4 FY24, its revenue declined 4.4% from ₹2591.6 crore to ₹2477.6 crore during the period. However, for the full year, ReNew's revenue stood at ₹9,653 crore, up from ₹8932 crore in FY23.For FY25, the firm expects adjusted Ebitda to be at ₹7,600-8200 crore, with cash flow to equity at ₹1,200-1,400 crore.

06.06 / 12:45

markets COST economy wellness pandemic concert ECB jumps ahead of Fed, cuts interest rate by 25 bps for first time since 2019

European Central Bank cut its key interest rate Thursday by a quarter point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors. The ECB cut its benchmark rate to 3.75% from a record high of 4% at a meeting of the bank’s 26-member rate-setting council in Frankfurt.

06.06 / 10:27

markets Fox Career economy pandemic show reports White-collar workers are struggling to find jobs as the labor market slows

Jack Otter and the ‘Barron’s Roundtable’ panel discuss how there were fewer jobs added than expected in April.

05.06 / 20:09

Aviat Fighting Airlines WhatsApp pandemic Courts SpiceJet plans to raise Rs 2,000 crore by August, increase capacity: Singh

SpiceJet is looking to raise Rs 2,000 crore by August, and plans to expand capacity by leasing aircraft, said Ajay Singh, chairman. The budget carrier had earlier raised `1,060 crore as part of a total fundraising plan of Rs 2,250 crore. However, it could not complete the fundraising plan as Mumbai-based businessman Harihara Mahapatra and his wife, Preeti Mahapatra, who were to invest Rs 1,100 crore, along with 63 other investors, pulled out.

05.06 / 01:07

markets UPS Target FIVE pandemic students Longer talktimes, lower incentives: edtech turns up the heat on its employees

BENGALURU : The brunt of the slowdown in India’s once highly vaunted edtech sector has fallen on its foot soldiers. As online tutoring startups struggle with falling revenues and reduced investor funding, they are cracking the whip on their salespeople, thrusting on them higher targets and longer hours while saving on incentives. Mint’s conversations with about two dozen sales executives across edtech firms including upGrad, Unacademy and Scaler suggest the situation may be heading from bad to worse, not only for the employees but also for the sector.

04.06 / 18:55

markets Manufacturing security Enterprise Election Nestle pandemic When mkt crashes, defensives like HUL, Nestle, Hero stand tall

Britannia Industries Ltd, Hero Motocorp Ltd, and Tata Consumer Products Ltd not just stayed afloat but settled about 2-6% higher.This is in contrast to Shriram Finance Ltd, Power Grid, Larsen & Toubro, BPCL, Adani Enterprises and Adani Ports Special Economic Zone stocks that crashed 10-21%. What spooked investors was a negative surprise in India’s general elections results, with the ruling NDA set to return albeit with a less than expected majority.

04.06 / 16:49

Provident security pandemic testing patient rights Videos How to find the right balance between telemedicine and in-person care

Patients can now see a growing array of doctors without leaving their living room recliner thanks to telemedicine

04.06 / 16:09

Election Coronavirus pandemic Freedom social information rights Anthony Fauci grilled by lawmakers, makes startling revelations on masks, vaccines, lab leak theory

Anthony Fauci's appearance before the House Select Subcommittee is just around the corner and he will be making some more revelations about the coronavirus pandemic in this particular sit-down. However, just before this testimony, Republicans released a transcript version of their previous sit-down with Fauci in which he admitted some earth-shattering facts, according to 'New York Post'.

04.06 / 10:33

COST UPS Fox pandemic country Traffic Auto prices are falling, but owning a car is more expensive than ever

Nevada ranked the second-highest auto insurance rates in the country, according to Insurify.

03.06 / 20:11

Man Netflix Election film pandemic reports Relationships Glen Powell's Hit Man set to release on streaming: When and where to watch

Netflix has got exciting news for its users by announcing the release of ‘Hit Man’. the latest film collaboration between Glen Powell and director Richard Linklater. As per a report by Decider, the film explores the amazing true tale of Gary Johnson and is based on a compelling 2001 Texas Monthly piece by Skip Hollandsworth.

03.06 / 19:33

markets Citi Election wellness pandemic trends More than 79% of alcobev sales came from retail stores in 2023

premium products at house parties.

03.06 / 17:01

markets COST Analysis pandemic reports US house sellers are cutting prices for the first time in over a year

Heritage Foundation economist Peter St. Onge offers his analysis on the housing unaffordability crisis on 'The Bottom Line.’

03.06 / 14:43

COST Aviat Airlines Coronavirus pandemic International Flight costs are likely to continue rising, industry group warns

The cost of your next flight is likely to go up.

03.06 / 12:11

COST UPS Aviat Airlines pandemic International Expect the cost of your airfare to continue to rise, an aviation trade group and industry heads warn

The cost of your next flight is likely to go up

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