Business View

Given tech companies are also large donors to the political parties in the US, the consequence of being found guilty of antitrust behaviour may not eventually amount to more than a mere slap on the wrist, but the man on the street will surely be watching. from The Financial Express https://ift.tt/2Xg1g6t

In a late-night notification on Thursday, the Directorate General of Foreign Trade (DGFT) put coloured TV imports under the “restricted” category, which means traders have to seek licences to buy these products from overseas. from The Financial Express https://ift.tt/3150Ilb

The yield on the new paper closed flat at 5.77% after Friday’s session. RBI data show that the new bond received competitive bids of Rs 62,486 crore, against a notified amount of Rs 18,000 crore. from The Financial Express https://ift.tt/339N6b0

HDFC Life is the first insurer to make its way to the Nifty from Friday. The stock, which has replaced Vedanta in the Nifty, has risen by 83.1% since its March 23 lows. from The Financial Express https://ift.tt/2Pg9dV8

Kumar Mangalam Birla, who heads Vodafone Idea, did not present his views, though his name was mentioned in the keynote speakers. from The Financial Express https://ift.tt/2EuYXGb

It is important to keep real rates negative at present as it could have a “sobering” effect on asset quality, the report said, adding that there is unlikely to be a further cut in the repo rate in the August monetary policy review. from The Financial Express https://ift.tt/30fzucg

On July 8, the government approved Affordable Rental Housing Complexes (ARHCs) as a sub scheme under Pradhan Mantri Awas Yojana (Urban) to provide ease of living to poor urban migrant. from The Financial Express https://ift.tt/2Pae61M

In the event, the government said that all those getting infected should be asked for a written explanation as to how this happened; weren’t they wearing the PPE or “maintaining safe distance”? from The Financial Express https://ift.tt/2XhVhOD

Boeing supplier Spirit AeroSystems Holdings said on Friday it was cutting 1,100 jobs in its commercial programs due to the most recent production rate reduction on the 737 MAX and the ongoing coronavirus outbreak. Read More from Financial Post https://ift.tt/30ZRrdW

Hurricane Isaias has shifted west, raising a threat to the Florida panhandle where it is expected to hit late Saturday before hugging the eastern U.S. seaboard through Monday. Read More from Financial Post https://ift.tt/2Xg0IgV

SEOUL -- Following are South Korea's Read More from Financial Post https://ift.tt/39OVuhh

A 17-year-old Florida boy masterminded the hacking of celebrity accounts on Twitter Inc, including those of Democratic presidential candidate Joe Biden and Tesla Chief Executive Elon Musk, officials said on Friday. Read More from Financial Post https://ift.tt/2DaAplF

James Murdoch resigned from the board of News Corp on Friday, citing disagreements over editorial content at the company founded by his father, conservative media mogul Rupert Murdoch. Read More from Financial Post https://ift.tt/3ffWCfa

(Bloomberg) -- President Donald Trump said he plans to sign a "very inclusive" health-care plan "very soon" -- perhaps as soon as Sunday -- that will result in Americans paying significantly less for pharmaceutical drugs. Read More from Financial Post https://ift.tt/30hqSC0

Fitch Ratings revised the outlook on the United States' triple-A rating to negative from stable on Friday, citing eroding credit strength, including a growing deficit to finance stimulus to combat fallout from the coronavirus pandemic. The credit rating agency also said the future direction of U.S. fiscal policy depends in part on the November election for president and the resulting makeup of Congress, cautioning there is a risk policy gridlock could continue. Read More from Financial Post https://ift.tt/2DsRIxS

To understand how fast the adoption of AI can take place and its impact on total factor productivity, Icrier studied 1,553 firms that have some software investment. from The Financial Express https://ift.tt/33d910W

NEP sets the tone for more meaningful school education, but certain aspects like medium of instruction etc need a relook from The Financial Express https://ift.tt/316qllp

Global fiscal support towards the pandemic now stands at $12 trillion and monetary policy across the globe has eased through lower interest rates, liquidity injections and massive asset purchases. from The Financial Express https://ift.tt/2Xetbnn

They attribute this resilience to operational flexibility, robust crisis management and process/product innovation. For many, this is a result of work done in the pre Covid-19 era, he added. from The Financial Express https://ift.tt/2XcY0cc

Bengaluru is under a lockdown, which will hamper customers’ movement in terms of physically visiting the property and it contributes 70% plus of my new space. from The Financial Express https://ift.tt/2Xcr2IK

“The high take-up rates by borrowers of small finance banks (SFBs) and non-bank finance companies (NBFCs) is a result of these institutions’ greater exposure to riskier customer segments, such as those with more volatile income streams,” Moody’s said. from The Financial Express https://ift.tt/3fjuPKx

From October, AMCs will disclose the portfolio factsheet twice a month and the yield to maturity of the instruments will convey what the market is perceiving about that instrument much faster from The Financial Express https://ift.tt/3jVtLjJ

A sharp fall in both domestic and exports demand because of the Covid-19 pandemic, lower profitability, and elongation of working capital cycle are expected to impair the credit profiles of RMG makers this fiscal. from The Financial Express https://ift.tt/2EvCWqJ

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism,  subscribe today . Amazon continues to benefit from COVID-19 as the company’s overall sales skyrocketed 40% year-over-year to $88.9 billion in its fiscal second quarter. The online retail and cloud computing giant easily beat analyst expectations that it would bring in $81.24 billion in revenue for its latest quarter, which ended June 30. Amazon’s profits also doubled year-over-year to $5.2 billion in its latest quarter, which is notable considering the company said in April that it was projecting a loss of up to $1.5 billion in its second quarter due to the high costs associated with operating during the coronavirus pandemic. Amazon chief financial officer Brian Olsavsky told analysts during an earnings call that the company spent over $4 billion on coronavirus-related expenses. These expenditures included adding additional safety measures at the company’s...

But, what AI/ML still must contend with is the problem of inherent bias. As most data is collated from online sources, it is quite influenced by vox populi. from The Financial Express https://ift.tt/2CRe0d6

The Crisil report also mentioned that lower repayments during the moratorium period and capitalisation of accumulated interest would, however, help limit degrowth in AUM. from The Financial Express https://ift.tt/3gdlZ2e

The NEP 2020 sets right many lingering problems, especially on regulation, but the govt’s fee fixation could undo gains from The Financial Express https://ift.tt/2XbmgeC

NEP 2020 is precisely what India needs to dominate in the future decades of growth, and drive the education requirements of our young population from The Financial Express https://ift.tt/30WOon6

Facebook and Amazon spent most of Wednesday’s congressional antitrust hearing about Big Tech trying to defend accusations that they have participated in aggressive and unfair practices while growing their massive empires. The five-and-half-hour virtual hearing, hosted by the House Judiciary antitrust subcommittee, gave Congress members the chance to question Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg, and Sundar Pichai, CEO of Google’s parent company Alphabet. While Congress members used the opportunity to dig into all four companies, Facebook and Amazon ultimately faced some of the most damning antitrust allegations. Congress said competitors referred to Amazon as a drug dealer that bullies third-party sellers.  And the subcommittee brought up former statements in which Facebook was referred to as going into “destroy mode” amid its attempts to buy Instagram and was characterized as being on a ”digital land grab” to maintain its market dominance. ...

PayPal shares jumped nearly 5% after market close on Wednesday as the payment giant announced record revenues of $5.26 billion for the second quarter, and said it added 1.7 million new merchants during this period. In a call discussing the results, PayPal executives said society has reached an “inflection point” when it comes to the “death of cash,” and noted that 70% of consumers now fear for their health when it comes to paying in stores. “Consumers no longer want to handle cash or any forms of payment that require physical touch at checkout,” said Schulman. He also cited an explosion in the use of PayPal-owned Venmo in the second quarter, saying the popular payment app now has over 60 million users. Schulman noted that Venmo usage had long revolved around social occasions—such as splitting the check at a restaurant—but that it’s now being used for a much broader range of activity. This is consistent with a recent report that use of payment apps of all sorts has surged during t...

(Bloomberg) -- Australia will need to invest A$14 billion ($10 billion) in grid infrastructure to integrate a surge of wind and solar capacity as the transition away from coal-fired power gathers pace, according to the energy market operator. Read More from Financial Post https://ift.tt/2XpQpav

TOKYO -- The dollar was mired at a more than two-year low on Thursday as the Federal Reserve repeated a pledge to limit damage from the pandemic as surging new coronavirus cases hamper the economy. Read More from Financial Post https://ift.tt/3364Nbh

SEOUL -- South Korea's central bank on Thursday said it has agreed to renew an existing currency swap agreement with the U.S. Federal Reserve by six months to at least March 31 2021. Read More from Financial Post https://ift.tt/31eiS4b

(Bloomberg) -- The U.K. Labour Party wants to reboot its relationship with business after five years of relentless attacks under former leader Jeremy Corbyn. Read More from Financial Post https://ift.tt/2P9Kd1H

United Airlines on Wednesday extended a deadline for most employees to decide whether to take voluntary furlough deals to Aug. 10, as it waits to see if the U.S. Congress extends an airline bailout in the first week of August. Read More from Financial Post https://ift.tt/2X7a92e

VANCOUVER, British Columbia & TORONTO -- Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“ Auryn” ) and Eastmain Resources Inc. (TSX: ER) (“ Eastmain ”) are pleased to announce that they have entered into a definitive agreement (the “ Agreement ”) pursuant to which Auryn will acquire all of the issued and outstanding shares of Eastmain, immediately following a spin out of Auryn’s Peruvian projects to Auryn shareholders and completion of a concurrent financing (collectively, the “ Transaction ”). The Transaction will create Fury Gold Mines Limited (“ Fury Gold ”) and two independent spin-out entities (“ SpinCos ”) which will hold Auryn’s Peruvian projects. Read More from Financial Post https://ift.tt/3gbjuxH

HONG KONG -- Hong Kong police have arrested four people aged 16-21 for suspected offenses under the city's new national security law, the first such detentions outside of street protests since the legislation took effect a month ago. Read More from Financial Post https://ift.tt/338VxDd

TORTOLA, British Virgin Islands, July 29, 2020 (GLOBE NEWSWIRE) -- Orca Exploration Group Inc. (" Orca " or the " Company " including its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces that it intends to change its legal name to Orca Energy Group Inc. The effective date of the name change is expected to be July 31, 2020. Read More from Financial Post https://ift.tt/2Dl1S3z

BRASILIA/SAO PAULO -- Brazil on Wednesday reopened international air travel to foreign tourists, which had been banned since March, even as the country's coronavirus outbreak ranks as the world's second worst. Read More from Financial Post https://ift.tt/30bEAGE

SAN FRANCISCO -- Arizona is leading a multi-U.S. state investigation into whether Apple Inc's deliberate slowing of older iPhones violated deceptive trade practice laws, documents reviewed by Reuters on Wednesday showed. Read More from Financial Post https://ift.tt/2Xa8etR

While the Op wants to the tribunal to appoint an interim resolution professional in terms of Section 16 of the IBC, it has also sought to declare a moratorium and call for submission of claims. from The Financial Express https://ift.tt/30R9Auy

Government should recapitalise banks to allow them to decide which firms to help, and remove the IBC-freeze from The Financial Express https://ift.tt/3gceSHE

It stated that the ministry of environment and forests (MoEF) had amended its specific notification and thus exempted environmental clearance. from The Financial Express https://ift.tt/2DhTe5T

A total of 20 containers of Ammonium Sulphate will be despatched to Haldia Port for distribution to the farmers in West Bengal. from The Financial Express https://ift.tt/2D0bbGm

For the April-June quarter as whole, mandi prices of many crops including masur and mustard were higher than the year-ago period, although many crops were still sold below their MSP levels. from The Financial Express https://ift.tt/2Df5btn

The expectations from the IBC have not been fully met because it is not a panacea. But it has certainly made a difference by discernibly improving recovery from The Financial Express https://ift.tt/3hEr2sW

However, PNGRB’s draft amendment proposes that unified tariff would be applicable only on the integrated trunk pipeline network of state-run GAIL and Gujarat State Petronet Ltd (GSPL), leaving out 30% of the current gas pipeline capacities. from The Financial Express https://ift.tt/2EtTDTD

This pandemic has fast-forwarded digital transformation. Now is the time for retail players to invest in the right technologies from The Financial Express https://ift.tt/39BY4r5

The pace of market rebound, at least so far, is reminiscent of the less impactful bear markets from The Financial Express https://ift.tt/3hHKhBW

As the world’s most unloved major currency, € may well be headed for an exceptional run of its own. Downward pressure on $ will only intensify as a result from The Financial Express https://ift.tt/3gkC9XC

Dealers say that uptick in the central government securities yield in recent times as well as more number of long-tenor SDLs hitting the market this week could have led to the minor hardening. from The Financial Express https://ift.tt/2Eo8YF3

The right technology can help check tax evasion, more so with aggregation of GST assessee data and the data sharing agreement between CBDT and CBIC from The Financial Express https://ift.tt/2BE90HX

New study shows how SARS-CoV-2 mutations, if they become widespread, could impact immunological efficacy from The Financial Express https://ift.tt/3g7l0Rq

COVID-19 has sickened everything it touches as it rampages across the world. But as we hurry to fix our current emergency by rebuilding and restoring our economies, we must not be blinded to the increasingly urgent need to protect ourselves against the next emergency: climate change. America desperately needs an overhaul of its infrastructure. President Trump’s announcement in March of  a vast $2 trillion stimulus package  was a step in the right direction, one that drew bipartisan support. But his refusal to acknowledge the critical importance of rebuilding for greater climate resilience risks wasting this once-in-a-lifetime sum. The disastrous effects of rising temperatures on our planet could not be more evident. In the past few months in the U.S. alone,  storms and tornadoes in the south ,  wildfires in California after a historically dry winter  and  accelerating sea-level rises  all foretell an impending calamity. This catastrophe is happening ...

SHANGHAI -- China reported 101 new coronavirus cases in the mainland for July 28, up from 68 cases a day earlier, the health commission said on Wednesday. Read More from Financial Post https://ift.tt/309q6qF

(Bloomberg) -- Amazon.com Inc. Chief Executive Officer Jeff Bezos plans to tell U.S. lawmakers that his company is an American success story that achieved its position through risk-taking and a relentless focus on customers. Read More from Financial Post https://ift.tt/30ZUlQd

NEW YORK -- Asian equities pulled backed on Wednesday as an impasse in U.S. economic stimulus negotiations pushed global stocks lower and sent investors into safe-haven assets like gold, which hovered near record highs. Read More from Financial Post https://ift.tt/2X4UJvs

BENGALURU -- Euro zone economic growth next year will be slightly stronger than previously thought, according to a Reuters poll of forecasters taken after European Union leaders agreed on 750 billion euros to support economies ravaged by the coronavirus. Read More from Financial Post https://ift.tt/3hHkIRB

Four U.S. states in the South and West reported one-day records for coronavirus deaths on Tuesday and cases in Texas passed the 400,000 mark as California health officials said Latinos made up more than half of its cases. Read More from Financial Post https://ift.tt/3056O5E

Australia's CIMIC Group said on Wednesday it was in advanced talks to sell 50% of its mining services business, Thiess, to an affiliate of activist hedge fund Elliott Management. Read More from Financial Post https://ift.tt/3gc6E1W

(Bloomberg) -- Oil traded near $41 a barrel as investors shifted their focus to domestic supply, with expectations for another build in already swelling U.S. stockpiles countering anticipation of a dovish statement from the Federal Reserve. Read More from Financial Post https://ift.tt/30aqO7b

The finance ministry had said the safeguards for depositors would only rise under the provisions of the bill. “Bail-in will be only sparingly used. from The Financial Express https://ift.tt/2EjGqMY

The guaranteed growth to states’ revenue during the time of slowing GST collection (FY 20 collection grew at 3.8% to Rs 12.2 lakh crore) growth has created a wide gulf between the states' protected revenue and GST collections. from The Financial Express https://ift.tt/3g4rY9O

Fresh equity injections have become significantly more imperative as economic recovery remains shaky due to continued acceleration in new coronavirus cases, Fitch said. Private banks have better loss-absorption capacity in the stress test from The Financial Express https://ift.tt/3hEhgHi

Domestic demand in China is quite strong that got reflected in the improvement in FOB prices which have gone up from $400 in April to $480 per tonne at present. from The Financial Express https://ift.tt/30QtrKh

TORONTO, July 27, 2020 (GLOBE NEWSWIRE) -- Noranda Income Fund (TSX:NIF.UN) (the “Fund”) through its wholly-owned subsidiary, Noranda Income Limited Partnership, and BaseCore Metals LP (“BaseCore”) today entered into a definitive stream agreement over reference zinc processed and refined at the Fund’s electrolytic zinc processing facility (the “Stream”) located in Salaberry-de-Valleyfield, Quebec (the “Processing Facility”). BaseCore will advance a cash consideration of US$40 million for the Stream. Proceeds will be used to improve the Processing Facility’s filtration and cooling processes to support increased zinc production capacity (the “Expansion Projects”) and for general corporate purposes. Read More from Financial Post https://ift.tt/3f4RTwO

TORONTO, July 27, 2020 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) (“Flow Capital,” “Flow,” or the "Company") announces that eSCRIBE Software Ltd. (“eSCRIBE”) has completed a buyout of Flow Capital’s royalty investment for $500,000. Including the monthly royalty payments received by Flow, this represents a cash-on-cash return of approximately 2.69 times the money invested over 43 months. Read More from Financial Post https://ift.tt/3jJRbII

OAKLAND -- Four technology startups backed by SoftBank Group Corp's $100 billion Vision Fund were among the small companies approved for a U.S. pandemic aid program, according to data released by the Treasury Department on Monday. Read More from Financial Post https://ift.tt/3f4RP02

Moderna Inc and Pfizer Inc launched two 30,000-subject trials of COVID-19 vaccines that could clear the way for regulatory approval and widespread use by the end of this year, the companies said on Monday. Read More from Financial Post https://ift.tt/2CWknf5

WELLINGTON -- New Zealand has suspended its extradition treaty with Hong Kong and made a number of other changes following China's decision to pass a national security law for the territory, Foreign Affairs Minister Winston Peters said on Tuesday. Read More from Financial Post https://ift.tt/2BBrSaH

(Bloomberg) -- It was 12 miles wide, invisible to the naked eye and traveled across six counties to Florida's largest city. And it's still unclear who -- or what -- was responsible. Read More from Financial Post https://ift.tt/3ghK1sU

(Bloomberg) -- New Zealand suspended its extradition agreement with Hong Kong, falling into step with its western allies after China passed a national security law for the financial hub. Read More from Financial Post https://ift.tt/30SsaSX

Lawyers representing Huawei Technologies' Meng Wanzhou, who is fighting against extradition to the United States, argued in a Canadian court on Monday that redacted documents prepared by the Canadian spy agency relating to her December 2018 arrest should be released. Read More from Financial Post https://ift.tt/2X1qiGi

Lawyers representing Huawei Technologies' Meng Wanzhou, who is fighting against extradition to the United States, argued in a Canadian court on Monday that redacted documents prepared by the Canadian spy agency relating to her December 2018 arrest should be released. Read More from Financial Post https://ift.tt/3g0QmJj

(Bloomberg) -- President Donald Trump announced two nominees to the Federal Energy Regulatory Commission, which has been hamstrung by vacancies for two years. But a tight Senate schedule raises questions about whether they'll be confirmed before the year ends. Read More from Financial Post https://ift.tt/2D8uoWn

The ministry of corporate affairs data, however, show that closure of companies too slowed in the April-June this year, to an average of less than 300 in a month, from 5,200 a month in 2019-20. from The Financial Express https://ift.tt/3f6XPoJ

Irdai’s standardised terms and clauses include terminology to be used in health insurance policies, and norms to be followed by network hospitals from The Financial Express https://ift.tt/2WY53Fw

Protagoras’ paradox is about dilemmas and irony. Such paradoxes occur in real-life situations today as well from The Financial Express https://ift.tt/39t8fhk

FGDs that power plants are mandated to install will have their own environmental costs, and the country will have to heavily rely on expensive imports to install these from The Financial Express https://ift.tt/2CJ3owO

While DoT’s efforts are targeted towards terror organisations which, security agencies claim, were using the service to fly under the radar, it will also help to curb fraud. from The Financial Express https://ift.tt/3hBqgwS

While the long-term story is intact, risk-reward has become unfavourable after recent rally; Reduce retained from The Financial Express https://ift.tt/2DauXi8

FY21e Ebitda up 14% given positive guidance; ‘Hold’ retained with TP of Rs 200 from The Financial Express https://ift.tt/2WYBbsw

Australian fund manager Perpetual Ltd on Monday said it will buy a 75% stake in U.S.-based asset manager Barrow Hanley for $319 million, as it seeks to expand its global footprint. Read More from Financial Post https://ift.tt/2WXAArb

Australia's competition regulator has launched court proceedings against Alphabet's Google for allegedly not telling consumers about the expanded use of personal data for targeted advertising. Read More from Financial Post https://ift.tt/2ZZABwB

NEW DELHI -- An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps, documents seen by Reuters showed. Read More from Financial Post https://ift.tt/2D6d1oY

WASHINGTON -- The White House and Senate Republicans have reached "an agreement in principle" on the next coronavirus relief bill, a White House official said on Sunday. Read More from Financial Post https://ift.tt/2X0j1GT

The annual licence fee of such outlets has been fixed at Rs 12 lakh and can be obtained by any individual, company, firm or society. from The Financial Express https://ift.tt/32U73lP

For achieving industrialist-worker partnership, trust is the basic precondition and to show how to forge it and take it ahead, Bhargava has given the case studies of Maruti Suzuki. from The Financial Express https://ift.tt/2WYfIjv

(Bloomberg) -- France will dedicate 30 billion euros ($35 billion) in stimulus spending for environmental projects, Finance Minister Bruno Le Maire was quoted as telling Journal du Dimanche. Read More from Financial Post https://ift.tt/2ZWYfdc

HOUSTON -- Hurricane Hanna strengthened on Saturday as it made landfall on the Texas coast and threatened an area of the country that has been battered by the COVID-19 pandemic in recent weeks. Read More from Financial Post https://ift.tt/3hCigeY

Solar manufacturers, however, believe that the two together —safeguard duty and BCD — may get introduced from August 1, though the rate of BCD could be much lower than the 20% proposed initially. from The Financial Express https://ift.tt/3g25bvk

This is the web version of  raceAhead , Fortune’s twice weekly newsletter on race and culture. Sign up to get it delivered free to your inbox. Trump changes housing policy and ramps up his stump speech dog-whistling, and Facebook’s under fire for allegedly ignoring data showing that Black Instagram users were more likely to sanctioned than white ones. Black founders got nowhere to turn when faced with racist venture investors, and oh, white folks? San Francisco Mayor London Breed would like a word. But first, here’s your cognitively amazing week in review, in Haiku. Person. Woman. Man. Camera. TV. Nothing short of amazing ! Person. Woman. Man. Camera. TV.  Nothing short of amazing ! Person. Woman. Man. Camera. TV.  Nothing short of amazing ! Person. Woman. Man. Camera. TV.  Nothing short of amazing ! Person. Woman. Man. Camera. TV. Something short of amazing . Have a truly amazing weekend. Ellen McGirt @ellmcgirt Ellen.McGirt@fortune.com from F...

(Bloomberg) -- The extradition of Emilio Lozoya, the former head of Mexico's state oil company, is roiling a nation not accustomed to seeing its politicians in handcuffs. Read More from Financial Post https://ift.tt/30K0AHB

BRASILIA -- Facebook Inc and Twitter Inc took down the accounts of several high-profile supporters of Brazilian President Jair Bolsonaro following a Supreme Court order, a move that underlines the tricky territory the social media titans are navigating in some of the world's largest jurisdictions. Read More from Financial Post https://ift.tt/2WTRneS

The net proceeds of the First Tranche are expected to be used for costs incurred for capital equipment purchases, engineering and construction costs for the redevelopment of the Strathmore facility, feasibility studies on future projects, field and research trials, market development activities, working capital for the ramp-up of our operations at the Strathmore facility and general corporate purposes. The Company is working diligently towards closing the second and final tranche of the Offering as soon as practicable. Read More from Financial Post https://ift.tt/2ZWiwPV

TORONTO, July 24, 2020 (GLOBE NEWSWIRE) -- Pursuant to a private placement transaction that closed on June 26, 2020 with final approval from the TSX Venture Exchange received on July 23, 2020 (the “ Offering ”), Mr. Frederic Leigh (the “ Acquiror ”), through Siwash Holdings Inc. (“ Siwash ”) and 2227929 Ontario Inc. (“ 2227929 ”) acquired an aggregate total of 2,329,284 units of Routemaster Capital Inc. (the “ Issuer ”) (the “ Units) at a price of $0.03 per Unit for a total acquisition cost of $69,878.52.  Each Unit was comprised of a common share of the Issuer (a “ Common Share ”) and a half warrant (each whole warrant, a “ Warrant ”), with each Warrant exercisable to acquire one Common Share at a price of $0.05 at any time prior to June 26, 2022.  Prior to the acquisition of the aforesaid securities, the Acquiror, through Siwash and 2227929, beneficially owned 6,603,374 Shares of the Issuer, representing approximately 16% of the issued and outstanding Shares prior to comple...

HOUSTON -- Royal Dutch Shell Plc expects strengthening Tropical Storm Hanna to have minimial impact on its drilling operations in the U.S.-regulated Gulf of Mexico as it moves to the south Texas coast, the company said in a statement on Friday. Read More from Financial Post https://ift.tt/32TCmNW

Lower volumes in Q1 FY21 and pressure on ULIPS due to market volatility will affect premium collections from The Financial Express https://ift.tt/32ORZWQ

In almost all the predictable scenarios, the actual death claim experience is better than what is assumed for pricing each product. from The Financial Express https://ift.tt/32SDFfR

With a nearly 40% share, CPSEs have in recent years been the main pillar of public capex and have largely kept pace, even as the other two segments — central budget (25%) and states (35%) faltered. from The Financial Express https://ift.tt/2D6gR1d

The Centre recently wrote to state governments urging them to invoke the penalty clause on insurance companies that have defaulted on settling the claims made by farmers under PMFBY. from The Financial Express https://ift.tt/2ZX5TV4

On the direct tax mop-up, the first quarter collection was nearly 80% compared with last fiscal from The Financial Express https://ift.tt/3eVT5Cu

Next-gen technologies, including gene-editing, should be used. The setback that the hybrid breeding programme has received should not be its death knell. from The Financial Express https://ift.tt/3jyT4b9

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism,  subscribe today . Major airlines are cracking down on passengers who try to fly without face masks. But without a federal order, their ability to enforce their new rules remains limited—at best. American Airlines, United Airlines, and Southwest Airlines this week all said they would expand their existing requirements for passengers to wear face masks aboard their planes and even as soon as they enter the airport, to protect workers and fellow passengers from the risk of contracting COVID-19. Meanwhile, Delta Air Lines this week increased its screening of passengers who say they cannot wear a mask due to a medical condition. Most major U.S. airlines started requiring face masks aboard their planes by mid-June , and several of them are banning customers who refused to wear the coverings. Delta has now put at least 120 customers on internal no-fly lists ...

NEW YORK -- Asian markets are set to open mostly lower on Friday as China vowed to retaliate against a U.S. order to close one of its consulates, and the American equity markets fell on gloomy data about its labor market. Read More from Financial Post https://ift.tt/3hzk34H

SANTIAGO -- Chilean President Sebastian Pinera on Thursday bowed to intense public pressure and agreed to sign into law a controversial bill allowing citizens to draw down 10% of their pensions early amid the coronavirus pandemic. Read More from Financial Post https://ift.tt/2D4OroE

Every political party is empowered under its party constitution to enforce discipline to preserve, protect and uphold, at least, a semblance of its ideological moorings and identity. from The Financial Express https://ift.tt/3eRqi1X

According to a blog on technology think tank iSPIRT, OCEN is a common language for lenders, marketplaces to utilise and create innovative, financial credit products at scale. from The Financial Express https://ift.tt/30JDEIG

Karnataka’s decision to shun lockdowns is well-intended, but must be accompanied by rigorous testing and contact-tracing from The Financial Express https://ift.tt/3fT7Qr2

India’s new entrant, BlueJeans, may give others a run for the money. JioMeet will have to be redesigned from The Financial Express https://ift.tt/2WOvY6z

Beauty and personal care segment has been hit the hardest — slumped 12% yoy with sharp decline in hair, skin and cosmetics part of the portfolio, while Lifebuoy posted double-digit growth. from The Financial Express https://ift.tt/3hr9ksN

We expect ICICI Prudential Life to deliver 4% y-o-y decline in VNB in FY2021E despite 19% y-o-y decline in APE, reflecting expansion in VNB margin of 410 bps to 25.8%. from The Financial Express https://ift.tt/2WLOvAA

MONTREAL and TORONTO, July 22, 2020 (GLOBE NEWSWIRE) -- Nexus Real Estate Investment Trust (the “REIT”) (TSXV: NXR.UN) announced today that it intends to release its financial results for the quarter ended June 30, 2020 before the opening of the TSX Venture Exchange on Friday August 14, 2020. Read More from Financial Post https://ift.tt/3eVFZoG

SEOUL -- The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralyzed factory output. Read More from Financial Post https://ift.tt/39hNuFs

WASHINGTON -- Leading U.S. Senate Republicans and the White House late on Wednesday said they had hammered out agreements in principle on portions of a potential coronavirus-response bill, which could be presented to Democrats as early as this week as lawmakers raced to pass legislation by the end of July. Read More from Financial Post https://ift.tt/39lwI8v

TORONTO, July 22, 2020 (GLOBE NEWSWIRE) -- Faircourt Asset Management Inc., as Manager of the Faircourt Funds (NEO:FGX), (NEO:FCS.UN), is pleased to announce the monthly distributions payable on the Shares and Trust Units of the below listed Funds. Read More from Financial Post https://ift.tt/3eRqgHn

By David Fickling Read More from Financial Post https://ift.tt/30CNko7

SEOUL -- The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralyzed factory output. Read More from Financial Post https://ift.tt/3jtCAkx

TORONTO -- Facedrive Inc. (“Facedrive” or the “Company”) (TSXV:FD) today announces that it has closed its third and final tranche of its non-brokered private placement for 99,174 common shares of the Company (the “Common Shares”) at a price of $9.00 per Common Share for aggregate gross proceeds of $892,566. All Common Shares issued in the Offering are subject to a hold period expiring four months and a day from their date of issuance in accordance with applicable securities laws. Read More from Financial Post https://ift.tt/2OM0d9I

MEXICO CITY -- Ford's Mexico unit said on Wednesday that a railway blockade in the Mexican border state of Sonora is affecting operations at its Hermosillo plant in the same state, as well as hitting imports and exports to and from the United States. Read More from Financial Post https://ift.tt/2BrbGJ0

NEW YORK -- Asian stocks were likely to come under pressure on Thursday as fresh diplomatic tensions between Washington and Beijing heightened investor jitters and overshadowed the boost to Wall Street from U.S. stimulus hopes. Read More from Financial Post https://ift.tt/3fQSJOU

CALGARY, Alberta, July 22, 2020 (GLOBE NEWSWIRE) -- Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX:PKI) announced it is collaborating with Amazon Web Services (“AWS”) to further strengthen its customer value proposition and loyalty initiatives and accelerate its digital transformation. With AWS as its strategic digital provider, Parkland intends to tap into leading expertise in machine learning and analytics to improve its logistics and enable frictionless commerce. Read More from Financial Post https://ift.tt/3g499TS

The latest iteration of the draft e-commerce policy does little to build confidence among foreign investors in India. While it seems more balanced than before, this is because it kicks thorny issues down the road from The Financial Express https://ift.tt/39jwONN

Addressing an event of the US-India Business Council (USIBC), the FM highlighted the government used the crisis as an opportunity to push through structural reforms in crucial sectors, including agricutlure. from The Financial Express https://ift.tt/32GPupf

The current govt got crime-control, infrastructure development, and power production right from The Financial Express https://ift.tt/3hr784q

This is the web version of  raceAhead , Fortune’s twice weekly newsletter on race and culture. Sign up to get it delivered free to your inbox. Let’s begin by saying that we are living through a very dangerous time. This is how writer James Baldwin  chose to begin an extraordinary address  he delivered to schoolteachers in 1963. He was offering a powerful analysis of the racist society in which they operated and the unique role they needed to play in helping Black—then called Negro—children cope with the realities of American history. Challenge the narrative, he said. “I would try to teach them—I would try to make them know—that those streets, those houses, those dangers, those agonies by which they are surrounded, are criminal. I would try to make each child know that these things are the result of a criminal conspiracy to destroy him.” It is the job of the educated person to question the society around them, and not make peace with its cruelty or accept a subservient r...