The country’s largest lender State Bank of India (SBI) on Thursday reduced its Marginal Cost of Funds based Lending Rate (MCLR) by 15 basis-points (bps) across all the tenors. With this reduction the one year MCLR will be around 7.25% with effect from May 10. State Bank of India...
Tesla has not been given the green light to open factory in Fremont, Calif. Alameda County Health Officer Dr. Erica Pan said in a videostreamed town hall meeting on Friday. Tesla made a plan to open as early as Friday in defiance of the county’s extended stay at home...
Tesla Inc. is an American electric vehicle company situateded in California. Recently Tesla shares stumbled after its CEO Elon Musk tweeted on Friday that the company's stock price was “too high”, triggering a free fall in stock prices. According to the report, Tesla shares fell nearly about 12% in...
IndiGo denied that it was seeking to acquire Virgin Australia. The Australian Financial Review reported on Monday that it was putting together a proposal to bid for the bankrupt airline. IndiGo has not formulated any such proposal and neither does it have any interest in this matter, the airline told...
Another around three million Americans filed for unemployment benefits last week as the coronavirus pandemic situation continued to exact its terrible toll on the US jobs market. As the reprt says that more than 33 million jobless Americans have been making claims in the past seven weeks. The latest figures...
Hong Kong 's wealth fund ensure the stability of the HK currency suffered a HK$86.1 billion i.e. US$11 billion loss in the first quarter. Its biggest ever, as stocks tumbled globally. The HK$4 trillion fund acts as a backstop to ensure the stability of Hong Kong’s currency and as...
Pointing out that even during earlier challenging times when entrepreneurs showed far-sightedness and creativity, industrialist Ratan Tata today told the coronavirus crisis will also force entrepreneurs to adapt and create. Ratan Tata, chairman emeritus of Tata Sons, said in a social media post - "It can all start on a...
Former RBI Governor 'Duvvuri Subbarao' on Sunday told the financial stimulus announced by the Centre on March 26 on account of lockdown for containing spread of Corona virus is "not sufficient" ;Maintaining that the combined fiscal deficit of the Centre and states may go up to 13-14 percent of...
India’s fuel demand growth can return to normal levels by mid-May as the nation take steps to end a lockdown aimed at stemming the spread of corona virus. Fuel demand growth in India plunged to historic lows in April, provisional data shows, as the country’s eight-week long lockdown badly...
The Tamil Nadu govt. has set up a high level committee headed by former RBI Governor and former Chairman of the Prime Minister's Economic Advisory Council, C Rangarajan. The committee which is comprised of economists and as well as industry experts will assess the overall immediate and med-term impact...