Economy 24
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31 Jan 08:37 • 2 articles
US advises against travel to China; virus declared emergency
US State Department advises against all travel to China on Friday
31 Jan 08:37 • Taiwan News • 4737573343926332242.htmlUS advises against travel to China; virus declared emergency
Meanwhile, China’s foreign ministry said it will send charter flights to bring home residents of Hubei from overseas.
31 Jan 08:43 • An-Nahar • 2220466262355942152.htmlAsian share markets battled to regain their footing on Friday as investors clutched at hopes China could contain the coronavirus, even as headlines spoke of ever more cases and mounting deaths.
31 Jan 09:36 • 2 articles
Asia shares fight for footing after turbulent week
Asian share markets battled to regain their footing on Friday as investors clutched at hopes China could contain the coronavirus, even as headlines spoke of ever more cases and mounting deaths.
31 Jan 09:36 • Bdnews24 • 8119004129756679744.htmlAsia shares try to rally after gut-wrenching week
Asian share markets were praying for a reprieve at the end of a punishing week as investors snatched at hopes the coronavirus could be contained, ...
31 Jan 08:36 • CNA • 5644198862701599993.htmlNew Delhi: The services sector accounts for about 55 per cent of the economy and gross value added (GVA) growth, according to the Economic Survey 2019-20 tabled in Parliament on Friday by Finance Minister Nirmala Sitharaman. The sector accounts for two-thirds of total foreign direct investment (FDI) inflows into India and about 38 per cent of India's exports.
31 Jan 13:20 • 6 articles
India's share in global commercial services exports up at 3.5 per cent
According to the economic survey tabled by finance minister Nirmala Sitaraman, the service sector acounts for 55 per cent of economic growth
31 Jan 13:20 • Deccan Chronicle • 7881006363483051581.htmlEconomic Survey 2020 forecasts India GDP growth at 6-6.5% for FY21
Economic Survey 2020: According to the survey, uncertainties, although declining, are still elevated due to protectionist tendencies of China and USA and rising USA-Iran geo-political tensions
31 Jan 08:16 • Business Today • 1145527432176843683.htmlFiscal deficit target may be relaxed to arrest declining growth: Economic Survey
The Medium Term Fiscal Policy (MTFP) statement presented with the Budget 2019-20, pegged the fiscal deficit target for 2019-20 at 3.3 per cent of gross domestic product (GDP), which was further expected to follow a gradual path of reduction and attain the targeted level of 3 per cent of GDP in 2020-21, and continue at the same level in 2021-22.
31 Jan 13:58 • The Economic Times • 7653256037810159881.htmlGDP growth expected to rebound to 6-6.5 per cent in 2020-21: Economic Survey
The Economic Survey 2019-20 tabled in Parliament said there are tentative signs of bottoming out of slowdown in manufacturing activity and global trade, which will have a positive impact on growth in the next fiscal.
31 Jan 09:21 • mid-day • 6119021829146899321.htmlRevival in sight: Economic Survey pegs FY21 GDP growth at 6-6.5%
Fiscal targets may have to be relaxed for the current year
31 Jan 16:00 • Business-Standard • 1502508925782296586.htmlGDP growth expected to strongly rebound to 6-6.5% in FY21: Economic Survey
India's economic growth is expected to "strongly rebound" to 6-6.5 per cent in 2020-21 from 5 per cent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms.
31 Jan 14:15 • Deccan Herald • 2027555797545625382.htmlAbidali Neemuchwala has formally resigned after about four years as chief executive officer (and managing director since last July) at information technology major Wipro.
31 Jan 17:53 • 5 articles
Neemuchwala resigns after 4 years as Wipro CEO citing 'family commitments'
The board of directors has begun the process of looking for the next CEO, the company told the stock exchanges
31 Jan 17:53 • Business-Standard • 1502508925636935893.htmlWipro: A new CEO should go beyond the tried and tested
Wipro on Friday said its CEO & MD has resigned from the company citing family commitments. A statement from the company said the Board of Directors has initiated a search to identify the next
31 Jan 16:24 • BusinessLine • 5283600852802048.htmlWipro CEO And MD Abidali Z Neemuchwala To Step Down Due To Family Commitment
The Wipro Board of Directors has also initiated a search to identify the next Chief Executive Officer
31 Jan 14:06 • Swarajya • 4977622829062561221.htmlAbidali Neemuchwala resigns as Wipro CEO, to hold position till successor is found
The company has not specified any time frame to find the successor.
31 Jan 09:03 • The New Indian Express • 4718288653351136076.htmlWipro CEO and Managing Director Abidali Z Neemuchwala steps down
Neemuchwala cited ‘family commitments’ as the reason for his resignation.
31 Jan 08:53 • Scroll.in • 8669301693474628986.htmlThe World Health Organization declared a global emergency over the new coronavirus, as China reported Friday the death toll had climbed to 213 with nearly 10,000 infections. The UN health agency based in Geneva had initially downplayed the threat posed by the disease, but revised its risk assessment after crisis talks. "Our greatest concern is the potential for the virus to spread to countries with weaker health systems," WHO chief Tedros Adhanom Ghebreyesus told a briefing in Geneva on Thursday. "We must all act together now to limit further spread... We can only stop it together." Tedros nevertheless said travel and trade restrictions with China were unnecessary to stem the spread of the virus, which has spread to more than 15 other countries. Many countries have already urged their citizens not to visit China, while some have banned entry for travelers from the central Chinese city of Wuhan, where the virus first surfaced. The US reported its first case of a person catching the virus from another person on American soil -- a man in Chicago who contracted the illness from his wife, who had traveled to Wuhan. Airlines began canceling flights servicing China on Wednesday, and more followed suit on Thursday. Russia said it was closing its far eastern border with China over the outbreak. Oman's health ministry on Friday advised against travel to China. "It is advisable not to travel to China unless it is absolutely necessary," the ministry said in a Twitter posting. Germany's foreign ministry also urged citizens to postpone non-essential travel to China and explicitly discouraged any travel to Hubei province, the epicenter of the coronavirus outbreak. So far, Germany has confirmed five cases of 2019-nCoV, as the new virus is officially called. All five cases involve employees of German auto parts supplier Webasto who came into contact with a visiting employee from Wuhan. The Japanese Foreign Ministry on Friday urged its citizens not to travel to China because of the possibility of the further spread of the virus. Japan had previously warned people not to travel in Hubei province, where most of the thousands of cases have occurred. In expanding the advisory against non-essential travel throughout China, the ministry cited concerns about the disease spreading. Prime Minister Shinzo Abe also said Japan will ban entry of foreigners infected with the new coronavirus. Abe said the designation of the new virus as a special infectious disease will take effect Saturday, a week earlier than planned. The designation allows health officials to order hospitalization of patients and take other measures and follows the World Health Organization's declaration of the illness as a state of emergency. More than 6,000 tourists were temporarily put under lockdown aboard a cruise ship at an Italian port after two Chinese passengers were isolated over fears they could be carrying the virus. They later tested negative for the illness. - Deadliest day - Beijing has taken extreme steps to stop the spread of the virus, including effectively quarantining more than 50 million people in Wuhan and surrounding Hubei province. The government on Thursday reported 38 new deaths in the preceding 24 hours, the highest one-day total since the virus was detected late last year. On Friday, the government reported 43 new deaths, bringing the total to 213. All but two of the confirmed deaths on Thursday and Friday were in Hubei. The National Health Commission said there were 1,982 new confirmed cases, bringing the total to just under 10,000. Another 102,000 people were under medical observation with possible symptoms of the respiratory ailment. The pathogen is believed to have emerged in a market that sold wild game, and spread during a Lunar New Year holiday season in which hundreds of millions of Chinese travel at home or abroad. - 'Truly new situation' - Thousands of foreigners have been trapped in Wuhan since it was sealed off last week. Japan and the United States on Wednesday became the first countries to organize airlifts from Wuhan for their citizens. A second US flight is planned in the coming days. Britain was planning an evacuation of around 200 of its citizens early Friday, after receiving the necessary clearance from Beijing. Officials say Berlin plans to send a military jet to pick up dozens of Germans from the city of Wuhan on Saturday. They will be flown to Frankfurt and kept in quarantine for 14 days. A French plane also left Wuhan on Friday, according to an AFP journalist on board the flight. Australia and New Zealand were among others organizing similar operations. Tokyo on Thursday reported that three people who were aboard the first evacuation flight had tested positive for the virus after landing back in Japan. Two of the three infected passengers showed no symptoms, underscoring the difficulty detecting the coronavirus. - Take action - The virus is similar to the Severe Acute Respiratory Syndrome (SARS) pathogen. That outbreak also began in China and eventually killed nearly 800 people worldwide in 2002-03. Major airlines that have suspended or reduced service to China include British Airways, German flag carrier Lufthansa, American Airlines, KLM and United. Chinese efforts to halt the virus have included the suspension of classes nationwide and an extension of the Lunar New Year holiday. All football matches across the country also will be postponed, the Chinese Football Association said on Thursday, including games in the top-tier Chinese Super League.
31 Jan 08:45 • 4 articles
WHO Declares Global Virus Emergency, Countries Warn Against China Travel
The World Health Organization declared a global emergency over the new coronavirus, as China reported Friday the death toll had climbed to 213 with nearly 10,000 infections. The UN health agency based in Geneva had initially downplayed the threat pos
31 Jan 08:45 • Asharq AL-awsat • 7659932761693314.htmlWHO declares global virus emergency as death toll hits 213
The World Health Organization declared a global emergency over the new coronavirus, as China reported Friday the death toll had climbed to 213 with nearly 10,000 infections.
31 Jan 09:29 • The Jakarta Post • 7678601102285065315.htmlWHO declares global virus emergency as death toll hits 213
The World Health Organization declared a global emergency over the new coronavirus, as China reported Friday the death toll had climbed to 213 with nearly 10,000 infections.
31 Jan 11:58 • The Guardian • 7580308504637376178.htmlWHO declares global health emergency as coronavirus death toll climbs to 213
Many nations have already urged their citizens not to visit China, while some have banned entry for travellers from Wuhan
31 Jan 08:47 • Deccan Chronicle • 7881006363828014702.htmlBy: AP | New York | Published: January 31, 2020 2:28:53 pm
31 Jan 08:58 • 2 articles
Amazon’s latest milestone: 150 million Prime members
Amazon said part of the reason for the jump in Prime members is its promise to deliver more of its goods in one day instead of the two.
31 Jan 08:58 • The Indian Express • 2885715104958364363.htmlAmazon shares surge on strong earnings update
Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market expectations.
31 Jan 13:00 • The Guardian • 7580308503840857682.htmlThe NZD/USD pair closed the fifth straight trading day in the negative territory on Thursday and extended its slide on Friday to touch its lowest level since early December at 0.6454. Although the pair staged a technical recovery ahead of the American session, it's still down 0.26% on the day at 0.6470.
31 Jan 13:16 • 7 articles
NZD/USD finds support near 0.6450, stages modest recovery
The NZD/USD pair closed the fifth straight trading day in the negative territory on Thursday and extended its slide on Friday to touch its lowest leve
31 Jan 13:16 • FXStreet • 4480975639737408591.htmlAmericans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
Consumer spending is closely watched because it drives about two-thirds of gross domestic product. But there are signs that households are start...
31 Jan 10:51 • Business Insider • 3364799147162076132.htmlAmericans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy
American shoppers continued to serve as the engine of the US economy through volatile times last year, fuelling growth even as a global cooldown and trade tensions clouded the outlook. But there are signs that households are starting to pull back on spending.
31 Jan 15:50 • Business Insider Australia • 5575934301239398484.htmlUSD/JPY pares early gains, turns flat below 109 ahead of US data
The USD/JPY pair struggles to make a meaningful recovery on Friday as investors continue to stay close to safe-haven assets such as the JPY amid heigh
31 Jan 12:27 • FXStreet • 4480975640177108374.htmlEUR/USD clinches weekly highs above 1.1050
The buying pressure around the shared currency is now picking up extra pace and lifting EUR/USD to fresh weekly tops above 1.1050. EUR/USD in multi-da
31 Jan 14:08 • FXStreet • 4480975638581922348.htmlEUR/USD comes under pressure below 1.1030 ahead of data
After moving to the 1.1030/35 band, or daily highs, EUR/USD appears to have met some sellers and is now giving away part of those earlier gains. EUR/U
31 Jan 08:51 • FXStreet • 4480975638789418079.htmlAUD/USD keeps the red near multi-month lows, around 0.6700 mark ahead of US data
The AUD/USD pair maintained its offered tone through the mid-European session, albeit has managed to rebound around 15-20 from near four-month lows to
31 Jan 12:59 • FXStreet • 4480975638667263949.htmlBANGKOK: Thailand has seen its first case of human-to-human transmission of the new coronavirus inside the country, a health official said on Friday (Jan 31), as it raised its total number of cases to 19, the second-highest after China.The first patient to contract the virus inside Thailand is a Thai taxi driver, said Tanarak Pipat, deputy director-general of the Department of Disease Control."(He) ...does not have the record of travelling to China, and it is likely that he was infected (by) a sick traveller from China," Tanarak said.
31 Jan 17:55 • 5 articles
Thailand confirms first human-to-human coronavirus transmission, total cases rise to 19
BANGKOK: Thailand has seen its first case of human-to-human transmission of the new coronavirus inside the country, a health official said on ...
31 Jan 17:55 • CNA • 5644198862663476470.htmlChina to fly overseas citizens back to virus-hit Hubei province
BEIJING: The Chinese government has decided to send charter planes to bring citizens from virus-hit Hubei province who are overseas back "as soon ...
31 Jan 12:31 • CNA • 5644198863690744412.htmlChinese planes to bring overseas Wuhan citizens back to virus-hit city
China sent two planes to Malaysia and Thailand on Friday to bring "stranded" Hubei province residents back to the virus-stricken city of Wuhan, authorities said.
31 Jan 14:50 • The Jakarta Post • 7678601103913639866.htmlChinese planes to bring overseas Wuhan citizens back to virus-hit city
Beijing - China sent two planes to Malaysia and Thailand on Friday to bring "stranded" Hubei province residents back to the virus-stricken city of Wuhan, authorities said.
31 Jan 11:34 • The Peninsula • 1202843882219173141.htmlFlight into the danger zone: China sends planes to bring ‘stranded’ overseas residents back home to Wuhan… but who would be brave enough to board?
There are 117 nationals from Wuhan in Bangkok, Thailand, and a further 100 in Kota Kinabalu, Malaysia, who are understood to be desperate to get back to the coronavirus-stricken city 'as soon as possible'.
31 Jan 08:25 • Mail Online • 124328112668477015.htmlNew Delhi: To spur economic growth and achieve USD 5 trillion economy, India needs to spend about USD 1.4 trillion on the infrastructure sector during Financial Year 2020-2025, the Economic Survey tabled in Parliament said on Friday.
31 Jan 13:41 • 2 articles
Economic Survey calls for USD 1.4 trillion spending on infrastructure
Finance minister notes that investment in infrastructure is necessary, as it affects the overall growth
31 Jan 13:41 • Deccan Chronicle • 7881006364036215582.htmlEconomic Survey calls for $1.4 trillion infra spending during FY2020-2025
Investment in infrastructure is necessary for the economy, as power shortages, inadequate transport and poor connectivity affects overall growth performance, as per the Survey
31 Jan 08:50 • Business-Standard • 1502508925202264767.htmlWorld share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as headlines spoke of more cases and deaths, travel bans, evacuations and factory shutdowns.
31 Jan 09:53 • 2 articles
Premarket: World shares struggle for footing after virus-battered week
Oil and copper prices set for worst month since May
31 Jan 09:53 • The Globe and Mail • 68426410342690713.htmlShares struggle for footing after virus-battered week
World share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as ...
31 Jan 08:36 • CNA • 5644198863768602214.htmlThe Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
31 Jan 08:32 • 2 articles
GDP edges up 0.1 per cent
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
31 Jan 08:32 • Castanet • 616068602060659744.htmlStatistics Canada says GDP edged up 0.1 per cent in November
The Canadian economy edged higher in November, reversing most the decline seen in October, as cold weather helped boost the utilities sector and the construction and retail sectors also gained ground.
31 Jan 14:57 • CTVNews • 2422791598136792696.htmlThe steep cut in corporate tax rate will benefit large companies the most as smaller ones were already paying lower rates, the Economic Survey 2019-20 said on Friday. Finance Minister Nirmala Sitharaman had in September last year announced the lowering of the base corporate tax rate to 22 per cent from 30 per cent for companies that do not seek exemptions and reduced the rate for some new manufacturing companies to 15 per cent from 25 per cent. Including surcharges and cesses (levies to raise funds for specific purposes), the effective corporate tax rate will drop by nearly 10 percentage points to 25.17 per cent.
31 Jan 14:34 • 2 articles
Corporate tax cut to mostly benefit less than 1 pc of companies: Survey
The corporate tax cut announced by FM last Sept will benefit less than 1 pc of firms, as per Economic Survey.
31 Jan 14:34 • The Economic Times • 7653256037395194807.htmlCorporation tax cut to benefit 1% firms, SMEs paying lower tax: Eco Survey
With economic slowdown resulting in slippages in direct and indirect tax collections, the Survey said the next financial year is expected to pose challenges on the fiscal front
31 Jan 13:50 • Business-Standard • 1502508925903849140.htmlSEOUL: A charter flight carrying 368 South Koreans from Wuhan arrived home on Friday (Jan 31) as tensions simmered around quarantine centres where they will be isolated, a plan vehemently opposed by nearby residents.
31 Jan 12:08 • 3 articles
Charter flight carrying South Koreans from Wuhan arrives home
SEOUL: A charter flight carrying 368 South Koreans from Wuhan arrived home on Friday (Jan 31) as tensions simmered around quarantine centres where ...
31 Jan 12:08 • CNA • 5644198863827120026.htmlSouth Korean evacuees from Wuhan welcomed to quarantine centres
SEOUL, Jan 31 — Hundreds of South Koreans flown home on a charter flight from China were greeted with welcome signs today as they arrived at quarantine centres where nearby residents had staged vehement protests only a day before. The 368 South Koreans were transported to two facilities in Asan...
31 Jan 13:22 • Malaymail • 302165935562672068.htmlSouth Korean evacuation flight arrives from Wuhan amid tension over quarantine centers
A charter flight carrying 368 South Koreans from Wuhan arrived home on Friday as tensions simmered around quarantine centers where they will be isolated, a plan vehemently opposed by nearby residents.
31 Jan 12:51 • Manila Bulletin News • 7849457200945899912.htmlWith the death toll rising to 213, all of them in China, the United States warned Americans not to travel to the Asian country, where the outbreak first appeared in Wuhan, capital of the central Hubei province. Japan advised citizens to put off non-urgent travel to China, Iran’s health minister urged a ban on all travellers from China and Britain reported its first two cases of the virus. Singapore said it was suspending entry to travellers with a recent history of travel to China and suspending visas for Chinese passport holders. The ban will also apply to those transiting Singapore, a major travel hub. Italy’s government decided to declare a state of emergency and stopped all air traffic with China after announcing its first cases, in two Chinese tourists. Stock markets steadied slightly after the WHO praised China’s efforts to contain the virus, following a tumble the previous day over a rising toll on the world’s second-biggest economy and its knock-on effect worldwide. The outbreak could “reverberate globally”, hitting supply chains, Moody’s said. Hyundai Motor said it planned to halt South Korean production of a sport utility vehicle this weekend to cope with a supply disruption caused by the outbreak. Sangyong Motor said it would idle its plant in the South Korean city of Pyeongtaek from Feb. 4-12 for the same reason. Home appliance maker Electrolux issued a similar warning. French car maker PSA Peugeot Citroen said its three plants in Wuhan will remain closed until Feb. 14. “Do not travel to China due to novel coronavirus first identified in Wuhan,” the U.S. State Department said on its website, raising the warning for China to the same level as Afghanistan and Iraq. China has taken “the most comprehensive and rigorous prevention and control measures”, a foreign ministry spokeswoman said in response to the WHO declaration. Hubei is in virtual lockdown. “We have full confidence and capability to win this fight,” Hua Chunying said in a statement. But a jump in infections in two cities flanking Wuhan was fuelling fear that new hot spots were emerging. And people were leaving and entering Hubei by foot over a bridge spanning the Yangtze river, a Reuters witness said. WHO Director-General Tedros Adhanom Ghebreyesus had commended China for its efforts and said the WHO was not recommending curbs on travel or trade with Beijing. A WHO spokesman said keeping borders open prevented illegal or unofficial border crossings. The number of confirmed cases in China has risen beyond 9,800, Beijing’s envoy to the United Nations in Vienna said. China’s Health Ministry said there were 15,238 suspected cases in China at the end of Thursday. Some 131 cases have been reported in 23 other countries and regions. The WHO has reported at least eight instances of human-to-human transmission in four countries: the United States, Germany, Japan and Vietnam. Thailand said on Friday it too had a case of human-to-human transmission.
31 Jan 13:07 • 2 articles
More curbs on travel to China as coronavirus fatalities continue to rise
The United States and other countries tightened travel curbs on Friday and businesses said they were facing supply problems because of the coronavirus in China, a day after the World Health Organizat…
31 Jan 13:07 • France 24 • 5635134571751361160.htmlAs Coronavirus death toll rises, countries tighten curbs on travel to China
The US and other countries tightened travel curbs on Friday and businesses said they were facing supply problems because of the coronavirus in China.
31 Jan 14:18 • www.iol.co.za • 17825110926068564.htmlSouth Africa’s rand kept tumbling on Friday, sliding to a new 12-week low after the World Health Organisation declared the coronavirus a global emergency, compounding local economic issues faced by the currency.
31 Jan 16:39 • 5 articles
Rand tumbles to 11-week low as coronavirus, power cuts weigh
The rand fell by nearly 4% over the week.
31 Jan 16:39 • Moneyweb • 1092550946168306368.htmlDow plunges 500 points amid coronavirus fears after outbreak is declared a global health emergency and death toll reaches 213
The World Health Organization declared the epidemic a global emergency on Thursday after the fast-spreading virus killed more than 200 people in China and infected thousands.
31 Jan 15:16 • Mail Online • 124328111260418669.htmlFord Stock Is a Neutral Play in 2020
The automaker has an opportunity for growth in China but it’s got to deliver in a market not favoring light vehicles.
31 Jan 13:26 • InvestorPlace • 24614510247709163.htmlHow to Trade Boeing Stock After Its Nasty Earnings Report
Boeing's earnings were abysmal thanks to the grounded 737 Max, but the stock shrugged it off. Here's how to trade BA stock moving forward.
31 Jan 14:34 • InvestorPlace • 24614510431502101.htmlCaterpillar’s 2020 outlook adds more gloom to virus-shaken markets
The outlook signals headwinds for machine sales, which fell the most in nearly three years in December.
31 Jan 15:10 • Moneyweb • 1092550946812745088.htmlAviva Life & Pensions Ireland moved on Friday to stop investors in two Irish commercial property funds withdrawing money for up to six months after dealing with a rise in demand in recent months from investor seeking their money back.
31 Jan 13:16 • 2 articles
Aviva stops investors from taking money out of Irish property funds
Investment vehicles have combined value of €940 million
31 Jan 13:16 • The Irish Times • 8204772968571008442.htmlOutflows lead to restrictions on Aviva property funds
Investors in two Aviva Life and Pensions commercial property funds have been told they cannot withdraw their money for six months because of recent net outflows.
31 Jan 16:04 • RTE.ie • 7595237279306207348.htmlFMCG major HUL on Friday announced the appointment of Prabha Narasimhan as Executive Director of its Home Care segment as part of a top level reshuffle within the organisation.
31 Jan 12:45 • 2 articles
HUL reshuffles top management team
Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care
31 Jan 12:45 • Business-Standard • 1502508925888810490.htmlHUL reshuffles top management team
Prabha Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care, the FMCG major said in a statement. Nair will take over from Sandeep Kohli, who will relocate to Dubai as VP – Beauty & Personal Care for our North Africa, Middle East, Turkey and Russia markets, it added.
31 Jan 14:25 • The Economic Times • 7653256036450300613.htmlBitcoin price (BTC) pulled back to $9.2K levels on Jan. 31, or almost 1% lower over the past 24 hours, after exceeding $9,500 earlier today.
31 Jan 14:05 • 2 articles
Bitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High
Bitcoin price hitting a 3-month high on rising volume hints at a bullish trend that puts $10K within reach.
31 Jan 14:05 • Cointelegraph • 3050247239756263028.htmlBitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High
Bitcoin price hitting a 3-month high on rising volume hints at a bullish trend that puts $10K within reach.
31 Jan 14:05 • Cointelegraph • 3050247241172666611.htmlHONG KONG, Jan 31 — Thousands of foreigners were among millions of people confined in the central Chinese city of Wuhan when Beijing announced plans to stem the spread of a SARS-like virus that has now claimed 213 lives nationwide.
31 Jan 11:19 • 3 articles
Coronavirus: Countries evacuate citizens from China
HONG KONG, Jan 31 — Thousands of foreigners were among millions of people confined in the central Chinese city of Wuhan when Beijing announced plans to stem the spread of a SARS-like virus that has now claimed 213 lives nationwide. Today, China’s National Health Commission said nearly 10,000...
31 Jan 11:19 • Malaymail • 302165936152985766.htmlCountries evacuate citizens from China
Foreign governments race to protect their citizens from deadly virus.
31 Jan 11:50 • Daily Nation • 7421817124054545289.htmlCoronavirus: countries evacuate citizens from China
These are the plans so far by foreign governments to evacuate their citizens from the epicentre of the outbreak
31 Jan 11:37 • New Vision • 9103146372124281295.htmlFlagging "disproportionate dwarfism" of Indian banks as compared to the size of the economy, the Economic Survey on Friday called upon public sector banks to become efficient and support economic growth rather than "pullback lending", for India to achieve the goal of becoming a USD 5 trillion economy.
31 Jan 11:05 • 2 articles
Eco Survey flags disproportionate dwarfism of banks, calls to be efficient
The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014
31 Jan 11:05 • Business-Standard • 1502508926432730541.htmlEco Survey flags 'disproportionate dwarfism' of Indian banks, calls upon PSBs to become efficient
Flagging 'disproportionate dwarfism' of banks, Economic Survey called upon PSBs to become efficient.
31 Jan 11:46 • The Economic Times • 7653256038479676563.htmlOver 1,700 listed private manufacturing firms witnessed their sales contract by 7.7 per cent in the second quarter of 2019-20, after remaining mostly in expansionary zone for three years, according to the Economic Survey 2019-20.
31 Jan 11:10 • 2 articles
Economic Survey: Sales of over 1.7k mfg firms contracted by 7.7% in Q2
Net profit for the manufacturing sector contracted in Q1 (June quarter) of 2019-20, mainly due to a production slowdown, it added
31 Jan 11:10 • Business-Standard • 1502508924814796848.htmlSales of over 1.7k listed manufacturing firms contracted by 7.7 per cent in Q2: Survey
The Survey, tabled in Parliament on Friday by Finance Minister Nirmala Sitharaman said demand conditions for the manufacturing sector weakened in September quarter of 2019-20 with a contraction in nominal sales, citing RBI studies on corporate performance.
31 Jan 11:18 • The Economic Times • 7653256037629751889.htmlMost privatised CPSE witnessed improvement in net worth, profit, gross revenue and sales growth after the transition, the Economic Survey has said.
31 Jan 11:50 • 2 articles
Privatised CPSEs reported better profit, sales after transition: Eco Survey
The survey, tabled in Parliament on Friday, examined the change in performance for each individual central public sector enterprises (CPSE)
31 Jan 11:50 • Business-Standard • 1502508926248841746.htmlPrivatised CPSEs reported better profit, sales after transition: Economic Survey
Most privatised CPSE witnessed improvement in net worth, profit, gross revenue and sales growth after the transition, the Economic Survey has said.
31 Jan 17:22 • Deccan Herald • 2027555796453481443.htmlFRANKFURT AM MAIN — Thyssenkrupp's interim CEO said Friday the German behemoth was going through a "difficult" time but hopes to turn the tide by selling or listing its profitable elevators business, valued at over 15 billion euros ($16.5 billion). A final decision on a full or partial sale of the unit or its stock market flotation will be made "by the end of February", Martina Merz said at the group's annual shareholders' meeting in Bochum. "Thyssenkrupp finds itself in an extraordinarily difficult situation," she said, after the group with its steel-to-submarines product range sank deeper into the red in 2018-2019, embarking on a hefty restructuring involving thousands of job cuts. Deciding the future of the elevator unit was the group's "top priority", said Merz, aiming to raise billions of euros in fresh capital that could be used across the conglomerate's struggling divisions. "This will give Thyssenkrupp a chance at a fresh start," Merz said. She declined to give details about potential buyers but revealed that offers received so far valued Thyssenkrupp's elevators and escalators business at "more than 15 billion euros". According to the Financial Times, Thyssenkrupp has attracted at least four bids for its crown jewel, including from Finnish lift maker Kone. Merz, former head of Thyssenkrupp's supervisory board, stepped in as chief executive last year after the group lost two CEOs in quick succession. The reshuffle came after the European Commission thwarted Thyssenkrupp's plan to merge its long-suffering steelmaking arm with India's Tata, as the industry grapples with cheap steel from China. Following the merger setback, Thyssenkrupp announced it would slash 6,000 of its 160,000 jobs around the world as part of a major cost-cutting drive. In her address to shareholders, Merz said steel would continue to be at the heart of the group's activities. She pledged investment in new technologies aimed at producing climate-friendly "green steel" to help customers like carmakers reduce their carbon footprints. Thyssenkrupp also remains convinced that consolidation in the steel sector "is the right path", she said, adding that the company is "open to conversations" with potential partners. Hit by slowing global growth and its own internal woes, Thyssenkrupp booked a net loss of 304 million euros for its 2018-2019 fiscal year. Given its "weak" performance, Merz said the group would not be paying out dividends for the past year. — AFP
31 Jan 15:50 • 2 articles
Crisis-hit Thyssenkrupp mulls sale of '15bn euro elevator unit'
Deciding the future of the elevator unit was the group's "top priority", said Merz, aiming to raise billions of euros in fresh capital that could be used across the conglomerate's struggling divisions.
31 Jan 15:50 • Saudi Gazette • 6913978434873134388.htmlCrisis-hit Thyssenkrupp mulls sale of elevators units worth 15 billion euro
According to the Financial Times, Thyssenkrupp has attracted at least four bids for its crown jewel, including from Finnish lift maker Kone
31 Jan 15:15 • Business-Standard • 1502508926368744285.htmlA cut in personal income tax, sops for rural and agriculture sectors as well as an aggressive push on infrastructure spending are likely to be part of Finance Minister Nirmala Sitharaman's "feel-good" second Budget.
31 Jan 15:45 • 2 articles
'Feel good' Budget may see cut in tax rate, sops for social sectors
To cushion the impact on collections, these tweaks might be accompanied by rationalisation in tax rebates
31 Jan 15:45 • Business-Standard • 1502508924930422564.html'Feel good' Budget may see cut in tax rate, sops for social sectors
FM is expected to pull out all stops to spur demand and investment, govt sources and economists said.
31 Jan 16:50 • The Economic Times • 7653256037852024109.html