"We are optimistic on Route Mobile IPO considering its leading position in cloud-communication, OTT segment and MNOs space. With growing internet penetration and business models adopting digital platform with cloud communication services being need of the hour to digital world, we believe investors should tap this opportunity," Prashanth Tapse, AVP Research at Mehta Equities said. … [Read more...] about Route Mobile IPO day 1: Issue fully subscribed, retail investors portion 1.8 times
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Plaintiffs, here the business organisations, want to declare June 22 proclamation unlawful. In his executive order, Trump said the ban is to address growing unemployment in the US due to COVID-19. Currently, the unemployment rate in the US is about 8.4 percent, down from 14.7 percent in April when the pandemic hit. Over 30 million people lost jobs in the first few months of the pandemic. … [Read more...] about H-1B visa holders await judgement on second lawsuit against Trump’s ban on temporary workers
In normal times, owners of large office buildings would typically not entertain a one- or two-year lease extension for a large tenant, said Franklin Wallach, senior managing director of the New York Research Group at Colliers. “They see that new leasing activity has dropped off while the amount of sublet space coming into the market is on the rise, so the average landlord wants to keep the tenant in the building.” … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?
The local assembly unit in Argentina will be based at Grupo Simpa’s facility located in Campana, Buenos Aires. To begin with, the plant will locally assemble three motorcycle models - the Royal Enfield Himalayan, the Interceptor 650 and the Continental GT 650 - starting this month. … [Read more...] about Royal Enfield to set up an assembly unit in Argentina, its first outside of India
"The bank has seen deterioration in asset quality due to corporate slippage, which we believe will accelerate after the recent lockdown, led by stress in retail and SME and some lumpy corporate stress (for e.g., Vodafone). Thus, we build in higher NPAs at 3.1 percent/LLP (loan loss provision) at 170 bps in FY21E," Emkay Global said. … [Read more...] about IndusInd Bank deposits shrink by 10-11%, brokerages see tough road ahead