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CAIT announces boycott of video conferencing platform Zoom, seeks JioMeet adoption

by pallanus | Jul 7, 2020 | Business News

The Confederation of All India Traders (CAIT), the apex body of approximately seven crore traders in India, has announced that it will not use Zoom video conferencing application as part of its broader boycott of Chinese goods. It has also called for the adoption of...

Coronavirus effect: American Airlines seeks $3.5 billion in new financing

by pallanus | Jun 22, 2020 | Business News

The company plans to raise $1.5 billion by selling shares and convertible senior notes due 2025, the airline said in a statement. American Airlines and Delta Air Lines Inc said last week that a modest recovery in demand was helping to slow daily cash burn rates in...

Govt plans to decriminalise bounced cheque, several other economic offences, seeks opinion from stakeholders

by pallanus | Jun 9, 2020 | Business News

The Union government has initiated the process for decriminalising economic offences that are currently punishable with a jail term, fine or both. The government has sought opinions from stakeholders like state governments and the public on proposals to amend 19 acts...

South Korea seeks arrest of Samsung heir in succession probe

by pallanus | Jun 4, 2020 | Business News

South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans. The move spells...

SC seeks finance ministry’s reply on waiver of interest on loans during moratorium period

by pallanus | Jun 4, 2020 | Business News

The Supreme Court Thursday sought finance ministry’s reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a “forced waiver of interest” risking financial viability of the banks. The...
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