The incremental stress is mainly from sectors including power, infrastructure, constructions, hospitality, iron and steel, telecom, and realty. Stress emerging from the severe economic shock caused by steps to contain the pandemic may drive total slippages to Rs 5.5 trillion…
Read MoreHertz Files for Bankruptcy After Rental-Car Demand Vanishes
In this article Hertz Global Holdings Inc. filed for bankruptcy in Delaware after sweeping travel restrictions and the global economic collapse destroyed demand for its rental cars. The Chapter 11 filing allows the company to keep operating while it devises…
Read MoreAsian Markets Mostly Higher
Asian stock markets are mostly higher on Monday following the positive cues from Wall Street Friday in a volatile session and on higher commodity prices. Optimism as more countries reopen their economies following coronavirus-induced lockdowns and hopes of more global…
Read MoreGeorgia Releases COVID-19 Best Practices Guide For Film & TV As State Gears Up For Production Restart
A month ago, Georgia became one of the first states in the U.S. to begin easing restrictions on businesses amid the coronavirus pandemic. Today, it became the first state to establish official safety guidelines for film and TV production to…
Read More$10 Buys You a Chance to Pitch Ideas to Goldman Sachs CEO
It costs as little as $10 to win a chance at a face-to-face meeting with Goldman Sachs Group Inc. Chief Executive Officer David Solomon. Solomon is one of the more than 400 participants in the All-In Challenge raffle and auction,…
Read MoreNew York Stock Exchange Phased Reopening On May 26
The New York Stock Exchange will partially reopen its trading floor on Tuesday, May 26, following two months of closure due to the COVID-19 pandemic. “The NYSE trading floor will begin a phased reopening on May 26….and look forward to…
Read MoreOne Way To Protect Workers In A Pandemic: Make It Harder To Fire Them
Donte Martin authored an illuminating as-told-to essay for The Washington Post last week about working in a grocery store during the pandemic. Martin, a front-end manager at a Giant in Silver Spring, Maryland, explained how the coronavirus has rendered customers…
Read MoreEscape from Pandemic Means Cruising on a Dutch Designer Bike
About a month ago, Taco Carlier noticed something unusual. A tool to measure the daily performance of the Dutch bicycle company he had founded was suddenly registering wild spikes — pre-orders, web searches, newsletter registrations, press requests and advertising clicks…
Read MoreFTSE 100 LIVE: Oil PLUMMETS as China ditches 2020 growth target amid pandemic
Brent crude was trading down $1.38, or 3.8 percent, at $34.68 a barrel by 0420 GMT, after falling as low as $33.54. West Texas Intermediate (WTI) crude dropped by $1.79, or 5.3 percent, to $32.13 a barrel, having slumped to…
Read MoreFacebook Expects Half Of Its Workforce To Be Remote By 2030
Facebook is expecting to move half of its workforce to work-from-home positions within the next five to 10 years, Chief Executive Mark Zuckerberg announced to the staff Thursday. In a live-streamed video on his public page, Zuckerberg said that Facebook…
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