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in BUSINESS400 people to be laid off at Boeing in Winnipeg in coming weeks
Boeing will lay off around 400 employees in Winnipeg over the next few weeks because of the COVID-19 pandemic, a spokesperson for the aerospace company says. Employees at the company were told about the cuts on Friday, spokesperson Jessica Kowal said in a statement emailed to CBC News. “Due to the impact of the COVID-19 […] More
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in BUSINESS
NBFCs face a litmus test on their bond liabilities
Non banking finance companies (NBFCs) may have got a moratorium from banks on their loan payments but over Rs 76,000 crore of repayments in the debt market in the next three months could well be the litmus test amidst an economic crisis. Many of these companies are facing liquidity issues and could find it difficult […] More
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in BUSINESSIf there is demand for credit, banks are ready to lend: Ashutosh Khajuria
The ED & CFO, Federal Bank, says savers need to be encouraged and given a reasonable return on their deposits. The commentary all this time has simply been that there is no real liquidity issue, there is enough liquidity in the system. We have seen a tepid response to the first two round of cuts […] More
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in BUSINESS
Buzzing stocks: The week that was in 10 stocks: ITC, Cipla, M&M & stocks that gained up to 25%
The benchmark equity indices extended the fall for the third straight week with a decline of over a per cent. The 30-share BSE Sensex lost 425 points to 30,672 for the week ended May 22. Likewise, the 50-share NSE Nifty index slipped 98 points to 9,039. After the initial disappointment with the government stimulus measures, […] More
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in BUSINESS
bank holiday: Will banks be open tomorrow?
NEW DELHI: All commercial banks in India will be closed on Monday as the nation will observe Muslim festival of Eid. Banks will resume their usual work on Tuesday. During the lockdown, banking activities being essential services have been kept open. However, there have been disruptions due to bank staff being infected. Equity, currency, debt […] More
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in BUSINESS
COVID-19 may delay plastics ban, airline customers struggle over refunds: CBC’s Marketplace cheat sheet
Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Cancelled flight? You might have a hard time getting a credit card chargeback Thousands of flights were cancelled due to the coronavirus outbreak. Some Canadians who sought refunds through a chargeback from […] More
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in BUSINESS
Is stock market open tomorrow?
MUMBAI: Indian equity, currency, commodity and bond markets will be closed for trading on Monday, on account of Eid-Ul-Fitr. US markets also will be closed on Monday for the Memorial Day. In the week ahead, Indian market will continue to focus on the pace of spread of coronavirus infections, and investors eagerly await a roadmap […] More
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in BUSINESS
Globalisation is probably dead; US-China trade tensions are back
By Ana Monteiro and Zoe Schneeweiss Carmen Reinhart — the World Bank’s incoming chief economist — just declared that globalization is probably dead, and flaring trade tensions between the world’s two biggest economies is supporting that theory. At the National People’s Congress, the pinnacle of its political calendar, China on Friday reiterated its commitment to […] More
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in BUSINESS
Tweet Buster: Stagflation, a 10-20 stock market & how to tread a choppy market
NEW DELHI: Indian economy is in a dire state and that’s a situation that has been confirmed by the country’s central bank. Job losses have become the new normal and even with the economy opening up, India has already lost close to three months of the GDP and that gap is hard to recover. So, […] More
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in BUSINESS
Investment via P-notes up at Rs 57,100 cr till April
New Delhi: Investments through participatory notes (P-notes) in the domestic capital market increased to Rs 57,100 crore as of April 30 after falling to over 15-year low at the end of the preceding month. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock […] More
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in BUSINESS
After rush to exit India in March & Apr, FPIs invest Rs 9k cr in May so far
Reversing their selling trend, foreign investors have infused over Rs 9,000 crore into the Indian equity markets in May so far amid attractive valuations of stocks and a mega block deal involving HUL. Experts believe foreign portfolio investors (FPIs) will keep a close watch on how India manages to keep Covid-19 cases under check with […] More
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in BUSINESS
MCX releases key enabler tech to facilitate negative pricing
MUMBAI: In its first significant move towards enabling negative pricing, the Multi Commodity Exchange of India (MCX) has released an application programming interface (API), which will facilitate negative pricing on the exchange software, with empanelled vendors and broker members using their own front end technology to trade. MCX runs the country’s largest commodity derivatives segment […] More
