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• Goldman Sachs agrees to largest penalty ever in 1MDB scandal
  on October 23, 2020 at 4:07 am

  Global financial titan Goldman Sachs agreed to pay $2.9 billion in penalties to settle criminal charges in the 1MDB Malaysian bribery scandal, the largest US fine ever in a corruption case, the Justice Department announced Thursday.

• Bank credit up 5.66%, deposits rise 10.55%: RBI data
  on October 22, 2020 at 11:22 pm

  Bank credit grew by 5.66 per cent to Rs 103.44 lakh crore, while deposits increased by 10.55 per cent to Rs 143.02 lakh crore in the fortnight ended October 9, according to RBI data. In the fortnight ended October 11, 2019, bank credit had stood at Rs 97.89 lakh crore and deposits at Rs 129.38 lakh crore.

• Joint committee of Parl summons Facebook, Twitter
  on October 22, 2020 at 10:41 pm

  Representatives of Facebook India have been asked to appear on Friday before the Joint Committee on the Personal Data Protection Bill, 2019, chaired by BJP MP Meenakshi Lekhi, while Twitter officials are required to appear before the panel on October 28, as per the notice issued by the Lok Sabha Secretariat.

• UK fines Goldman Sachs 96.6m pounds over 1MDB scandal
  on October 22, 2020 at 10:27 pm

  British regulators fined Goldman Sachs International 96.6 million pounds ($126 million) on Thursday as part of global action that will see the US bank pay nearly $3 billion to settle a probe into its role in Malaysia's 1MDB corruption scandal.

• Govt fixes calculation ceiling for bonus at Rs 7,000
  on October 22, 2020 at 10:10 pm

  The finance ministry has fixed the calculation ceiling for computing non-productivity linked bonus (ad hoc bonus) for central government employees at Rs 7,000, implying that an employee will be entitled to a maximum bonus of Rs 6,908.

• IMF Concerned Over Post-COVID Social Unrest Across Latin America - Official
  on October 23, 2020 at 2:04 am

  The International Monetary Fund is concerned that social unrest will make a comeback in "lots of countries" across Latin America once the COVID19 pandemic recedes, a top IMF official said on Thursday.

• Major Airline Groups Push For End To Coronavirus Quarantines, Travel Bans
  on October 23, 2020 at 1:58 am

  The United States, state governments and some foreign countries should replace quarantines and travel bans on airline passengers with COVID19 testing of travelers before departure and upon arrival, airline and business groups said on Thursday.

• Asian Stocks Set For Slight Gains After Wall Street Ends Higher
  on October 23, 2020 at 1:48 am

  Asian stocks were set for cautious gains on Friday after positive U.S. economic data and signs of progress in stimulus talks in Washington lifted Wall Street benchmarks.

• Exclusive: Wells Fargo Explores Sale Of Asset Management Business - Sources
  on October 23, 2020 at 1:45 am

  Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shakeup since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday.

• Trump's Executive Order On Visas For Foreign Workers Cost USD 100B, Claims Think Tank
  on October 23, 2020 at 1:30 am

  President Donald Trump's executive order restricting entry of skilled foreign workers into the US, mainly on H-1B and L1 visas, has resulted in an estimated loss of USD 100 billion to companies here, a top American think-tank claimed. The executive order signed by Trump on June 22, that had temporarily banned issuing fresh H-1B and L-1 visas till December 31, caused a negative impact to the valuation of Fortune 500 firms equivalent to over USD 100 billion in losses, Brookings Institute said in a report released this week.

• Walmart sues US in pre-emptive strike in opioid abuse battle
  on October 23, 2020 at 12:25 pm

  Walmart says it is seeking a declaration from a federal judge that the government has no lawful basis for seeking civil damages from the company.

• Key debtors vow to pay, but banks wary
  on October 23, 2020 at 12:24 pm

  The Dhoot family has offered to repay ₹30,000 crore to lenders and take 13 out of 15 companies that it formerly controlled out of the Insolvency and Bankruptcy Code (IBC) process.

• Fosun owned Gland Pharma gets IPO nod
  on October 23, 2020 at 12:11 pm

  Gland Pharma has received the Securities and Exchange Board of India’s (Sebi) approval to go ahead with its proposed ₹6,000 crore IPO, two people aware of the development said.

• Tech-driven changes in job markets threaten social contract with workers: Exper...
  on October 22, 2020 at 11:04 am

  Panelists at the WEF’s Jobs Reset Summit said the 21st-century employment model looks a lot like the 19th century, as gaps are becoming visible in the social protection systems and the pandemic has created extraordinary vulnerabilities for workers.

• Amazon  open  to help  out  Future Group
  on October 22, 2020 at 10:57 am

  They said Amazon, which holds a 49% stake in Future Coupons Pvt. Ltd, had earlier informally helped Kishore Biyani-founded Future Group get new strategic partners and large institutional investors to help it with its debt crisis. Both people spoke on condition of anonymity.

• Government relaxes visa restrictions
  by Special Correspondent on October 22, 2020 at 7:45 pm

  Except electronic tourist visa on arrival, which includes short-term medical visa, all visa restrictions have been lifted.

• ‘Smartphone market hits record 50mn units in Q3’
  by PTI, PRESS TRUST OF INDIA on October 22, 2020 at 6:13 pm

  China firms garner 76% share: Canalys.

• Foreign funds raise stake in Reliance to record 27.2%
  by PTI on October 22, 2020 at 6:07 pm

  MFs’ stake falls for 2nd straight quarter.

• Time is ripe for a demand push: Sanjeev Sanyal
  by Special Correspondent on October 22, 2020 at 6:03 pm

  ‘Govt. had been reticent about a large stimulus earlier so as to conserve resources for the future’

• Aurobindo tanks on FDA warning to unit
  by Special Correspondent on October 22, 2020 at 5:52 pm

  Aurobindo Pharma shares tanked almost 7% intraday on Thursday on the back of the U.S. Food and Drug Administration (USFDA) issuing a warning letter to

• In the cult of violence, Pak has kept a place for India
  on October 23, 2020 at 2:49 am

  Both India and Pakistan need to exercise restraint, but we also need to lay down a threshold which says -- this far and no more, says Colonel (retired) Jaibans Singh

• How PM, Sonia beat Dilli ki sardi!
  on October 23, 2020 at 2:49 am

  Arun Jaitley's laud-worthy effort... Revealed! The new 'best friends' in politics... Akhilesh Yadav's big dilemma... All this and more in this week's Dilli Gupshup.

• These 11 popular SMALL cars just got BETTER!
  on October 23, 2020 at 2:49 am

  Here is an extensive list of enhanced hatchbacks that are impressive from buyers' viewpoint.

• Excerpt: 'The sergeant ordered that his skin be flayed'
  on October 23, 2020 at 2:49 am

  Gray Wolves and White Doves by John D. Balian is the "story of a young boy's quest for identity and belonging." We bring you an excerpt.

• EPL: Walters' own goals allow Chelsea stroll at Stoke
  on October 23, 2020 at 2:49 am

  Two own goals from Stoke City forward Jonathan Walters set Chelsea on their way to a 4-0 Premier League victory on Saturday that gave under-fire interim manager Rafael Benitez some respite.

• 2,000 Robinhood accounts infiltrated by hackers - Report
  by Staff Writer on October 16, 2020 at 2:44 am

  Robinhood was now considering whether to add a phone number along with other tools, the report said.

• Sensex completes best run of gains in 13 years
  on October 15, 2020 at 2:58 am

  India’s stock benchmark rose, clocking its tenth straight session of gains, as investors piled into beaten-down shares in the last hour of trading.

• Asia stocks dip on earnings, fading stimulus hopes
  on October 15, 2020 at 12:38 am

  Shares slipped in Japan and South Korea, and futures pointed lower in Hong Kong

• Asian stocks set to rise as tech, stimulus hopes fuel global rally
  on October 13, 2020 at 12:29 am

  Shares in Apple Inc surged 6.4% on Wall Street on Monday ahead of an expected debut of its latest iPhone on Tuesday

• Wall Street surges on Apple, Microsoft, Amazon
  on October 13, 2020 at 12:16 am

  Apple Inc jumped nearly 7% ahead of an event on Tuesday, when it is expected to unveil its newest iPhones.

• DGCA seeks fresh public objections after clearing AirAsia for take-off
  on January 15, 2014 at 9:08 am

  The latest public notice was issued by the Directorate General of Civil Aviation on Monday.

• Yes Bank ties up with Teri to Promote Sustainable Development in India
  on January 10, 2014 at 9:29 am

  MoU will enable Yes bank to work with the BFSI sector on responsible finance, financial inclusion.

• Govt must slash spending by Rs 1 trillion to meet fiscal target: Barclays
  on January 9, 2014 at 12:24 pm

  During the April-November period, fiscal deficit touched as much as 94 per cent of the budgeted target.

• Amit Mitra takes charge of Dept of Commerce and Industries, offers 'relationship managers' services to entrepreneurs
  on January 9, 2014 at 11:34 am

  Commerce and Industries Minister Amit Mitra held out a clear cut plan for industrialists at a seminar.

• Inflation in India to moderate in coming months: Arvind Mayaram
  on January 9, 2014 at 8:27 am

  Arvind Mayaram said spurt in demand for food products adding to inflationary pressure.