"The impact of COVID-19 and the unpredictable nature of the recovery has left Uber India SA with no choice but to reduce the size of its workforce. Around 600 full-time positions across driver and rider support, as well as other functions, are being impacted," said Pradeep Parameswaran, President, Uber India and South Asia. … [Read more...] about After Ola, Uber lays off 600 employees in India
Keeping fit at 50
Now, locust invasions are not new to India, but they usually arrive between July and October, and never in such alarming numbers. Thus, several state governments have already urged Prime Minister Narendra Modi to declare the locust attacks a “national calamity”. Desperate farmers have, meanwhile, been trying to scare away the insects by banging metal plates and lighting fires, but they are not proving enough. … [Read more...] about Indian farmers battle locust infestation amid COVID-19 crisis
Have a longer timeframe. Ideally, gilt funds are great to book high returns in debt using a timed entry and exit – i.e., investments made early in a rate cut regime and exits done before interest rates are hiked. But this requires understanding of debt markets and rate cycles. In the absence of this understanding, holding a gilt fund for at least 5-7 years will give the benefit of no credit risk plus reasonable returns. … [Read more...] about Double-digit returns in gilt funds: Should you rush to invest in them?
We believe a delay in construction activities and recovery in industrial products demand would lead to a slow recovery for Supreme in the coming period. Though we maintain our positive stance on the stock, we revise our rating from BUY to HOLD considering its present valuation at 35x FY21E, 24x FY22E. We maintain our target price at Rs 1040/share. … [Read more...] about Hold Supreme Industries; target of Rs 1040: ICICI Direct
The confusion started after doubts were raised regarding those passengers who won't be in the state for more than two days, or even a couple of hours. The first set of guidelines then stated that all those belonging to Punjab and landing at any of the six airports in the state would be tested. Those who test positive would be sent to institutional quarantine. … [Read more...] about Coronavirus lockdown: Punjab amends guidelines for passengers arriving on domestic flights — 4 times in 24 hours