“It’s a chain reaction. If the end consumer loses appetite, the effect will go right up to the producer. This is an extraordinary time, and the problem is so widespread that it’s hard for anybody in the middle to absorb the shock,” a GAIL executive told the paper. … [Read more...] about Coronavirus impact | Energy firms receive force majeure notices from customers: Report
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Companies, however, have said that this would effectively broaden the restricted window for a period of 202 days (roughly seven months) of the financial year. The restricted window is for financial results, takeovers, buybacks, dividends, mergers, expansion plans and public and rights issues. … [Read more...] about SEBI tightens rules; promoters, insiders not allowed to buy shares until June 30: Report
Official statisticians say the new series has significantly widened the scope of capturing economic activity and value addition in the financial sector. The earlier series was limited to a few mutual funds (primarily UTI) and estimates for the Non-Government Non-Banking Finance Companies as compiled by RBI.In the new series, the coverage of financial sector has been expanded by including stock brokers, stock exchanges, asset management companies, mutual funds and pension funds, as well as the regulatory bodies, SEBI, PFRDA and IRDA. … [Read more...] about Fresh Row: What is India’s GDP and how is it calculated?
It added that another investor in both Sanofi and Mylan, another pharmaceutical firm, is Invesco, the fund previously run by Commerce Secretary Wilbur Ross. In a statement Monday, Ross said that he “was not aware that Invesco has any investments in companies producing” the drug, “nor do I have any involvement in the decision to explore this as a treatment.” … [Read more...] about Trump has small financial interest in French pharma giant that makes hydroxychloroquine: Report
Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now! … [Read more...] about UBS Principal Capital buys Rs 197cr worth shares of IndusInd Bank