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- Coronavirus Update: Delhi reports 523 cases of COVID-19
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- Pakistan quarantines 20,000 worshippers who attended Tablighi Jamaat event in Lahore
- Coronavirus Update: States and Union Territories wise confirmed Coronavirus cases in India
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COVID19 Update: US announces $58 billion aid to avoid airline industries bankruptcies
Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid, Singapore promising to keep its carrier aloft, and Australia easing competition rules.…
Ashok Leyland adds more stakes in Hinduja Leyland Finance
India's leading automaker Ashok Leyland has acquired an additional stake in Hinduja Leyland Finance.In a filing with BSE on Thursday, Ashok Leyland said, "The company has acquired 1,70,17,995 shares of Hinduja Leyland Finance Limited at…
Market Analysis: Stocks rise, USD weakened after US Congress approves stimulus package
We witnessed an emphatic recovery in global equities in the past couple of days. The US parliament approved a USD 2tn stimulus package which would put money directly into the hands of citizens. The Dow has recovered 15% from recent lows and…
Fintso secures $2.6 million in maiden round funding from Mankind Pharma CEO Rajeev Juneja, Piyush…
India-based PaaS (Platform-as-a-Service) startup Fintso has secured $2.6 million in its maiden round funding from the set of individual Angel investors.The new round of funding led by angel investors such as Rajeev Juneja (CEO of Mankind…
Online grocery startup BigBasket acquires milk delivery app DailyNinja for Rs 48 crore
India-based online grocery delivery startup BigBasket has completed the acquisition of 100 percent stakes in milk delivery startup DailyNinja.According to the Economic Times report, "The transaction was valued at around Rs 48 crore."…
COVID-19: Bank of Japan sees deeper economic pain, even after emergency easing
The Bank of Japan expanded monetary stimulus in an unscheduled policy meeting on March 16 to ease corporate funding strains and calm financial markets jolted by the health crisis.A summary of opinions expressed at last week's rate review…
Coronavirus Update: TVS Electronics stops manufacturing operations till 31st March 2020
Aimed at securing employees, customers and stakeholders from the novel outbreak of coronavirus (COVID-19), India's leading technology giant TVS Electronics on Monday suspended its operations at all its manufacturing plants and offices till…
Adani Transmission Ltd buybacks Non-convertible debentures worth Rs 125 crore
India-based private transmission company Adani Transmission on Monday said that "It has brought back non-convertible debentures (NCDs) worth Rs 125 crore."The company in its filing at the exchange said, "It on March 23, 2020, bought back…
COVID-19 Update: Industry Bodies says, “India needs stimulus plan or it risks crippling small…
India's small and mid-sized enterprises (SMEs) will struggle for survival if the government does not follow international counterparts in offering financial support to those acutely impacted by the coronavirus outbreak, industry bodies said.
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Market Analysis: Fed announces unlimited QE, corporate bond purchases
The US Dollar has weakened across the board after the Fed unleashed a slew of unprecedented measures. The Fed said it would buy an unlimited amount of treasury securities and would purchase corporate bonds under both the primary market…