Air France KLM SA warned on February 20 of a 150 million to 200 million euro ($162 million to $216 million) hit to earnings by April as it contends with the coronavirus epidemic's "brutal" impact on the airline industry.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Asian airlines could lose $27.8 billion revenue from coronavirus, says IATA
Coronavirus
Gold prices above $1600: Bull run may persist until some sign of containment of virus outbreak
Gold prices on international exchanges have been trending higher for past five sessions. The April contracts for COMEX gold that was stuck in a narrow range of $50 for the past few sessions managed to breach the psychological resistance of $1,600 per troy ounce to hit January 2020 high of $1,615.9 on February 20. Further, spot gold prices on February 20 jumped to March 2013 high of $1612.98 and are up nearly 6 percent year-to-date. … [Read more...] about Gold prices above $1600: Bull run may persist until some sign of containment of virus outbreak
‘Face ID masks’ for COVid-19 to allow facial recognition on smartphones
The website claims that these N95 masks work with facial recognition software. Resting Risk Face mask cannot be purchased at the moment. However, interested customers can enter their email id to get notified about the launch. Customers will be charged $40 (roughly Rs 2,900). The company has also announced that it will not make these masks till the time there is a global mask shortage.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about ‘Face ID masks’ for COVid-19 to allow facial recognition on smartphones
IRCTC rallies 500% since listing; is the end of the road near?
"IRCTC is the only company authorised by Indian Railways to manufacture and sell packaged drinking water on railway stations and inside trains. The ‘Rail Neer’ packaged drinking water business provides a lot of revenue visibility. With more plants being set up, this segment will certainly drive the company’s topline," said Nirali Shah, Senior Research Analyst, Samco Securities. … [Read more...] about IRCTC rallies 500% since listing; is the end of the road near?
Titan investors lose 17k cr in four sessions as three global brokerages downgrade stock
The Big Bull Rakesh Jhunjhunwala has also been consistently reducing stake in Titan in the past two quarters. Jhunjhunwala reduced his cumulative holding in the company from 7.12 percent in September 2018 to 7.08 percent in December 2018. He furthur reduced the stake to 7.04 percent in the quarter ended March 2019, according to shareholding data. … [Read more...] about Titan investors lose 17k cr in four sessions as three global brokerages downgrade stock
