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India reviewing around 50 investment proposals from Chinese firms: Sources

by pallanus | Jul 6, 2020 | Business News

The Government of India is reviewing around 50 investment proposals involving Chinese companies under a new screening policy, three sources familiar with the matter told news agency Reuters. Under new rules announced by India in April, all investments by entities...

Maharashtra launches jobs portal for sons of soil hit by lockdown

by pallanus | Jul 6, 2020 | Business News

The Maharashtra government on Monday launched the Mahajobs Portal which will connect the local workforce with employers online and provide employment opportunities to people of the state. Under the Magnetic Maharashtra 2.0 initiative, the state government has signed...

Stocks at four-month highs as HDFC Bank, autos climb

by pallanus | Jul 6, 2020 | Business News

Indian shares closed higher on Monday, jumping aboard a China-driven rally in global shares, with HDFC Bank Ltd gaining after it reported strong loan growth through the first months of the COVID-19 crisis. The benchmark indexes in Mumbai logged their fourth straight...

Gold slips as risk appetite improves, virus surge caps losses

by pallanus | Jul 6, 2020 | Business News

Gold prices eased on Monday as risk sentiment improved ahead of U.S. services sector data, although losses were capped by worries over surging coronavirus cases in some U.S. states. Spot gold was down 0.1% to $1,772.73 per ounce by 0521 GMT. U.S. gold futures fell...

Air India pilots write to CMD, suggest ways to sustain airline’s financial health

by pallanus | Jul 6, 2020 | Business News

Two pilot wings of national carrier Air India — Indian Commercial Pilots’ Association( ICPA) and Indian Pilots’ Guild (IPG) — have written a letter to the airline’s Chairman and MD (CMD) Rajiv Bansal, mentioning steps that should be taken to secure the survival of Air...
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