Top headlines: Sebi curbs MF timings, Bajaj Finance loses 350,000 customers





Lockdown affect: loses 350,000 customers in 10 days



Thw 21-day lockdown has severely impacted with the agency dropping near 350,000 customers impacting its belongings underneath administration (AUM) by Rs 4,750 crore (3.22 per cent of complete AUM as of March 31). Apart from mortgage development, the corporate can be watching a potential asset high quality deterioration. Read More…



Listed MNCs stay proof against outbreak as m-cap rises to 15%


The Covid-19 pandemic has had minimal affect in direction of the listed MNCs, because the listed Indian subsidiaries continued to develop in market capitalisation and transfer forward of the home friends. With mixed m-cap of Rs 13.eight trillion, 74 Indian subsidiaries of world multinationals at the moment are forward of state-owned listed firms and nearly as massive as institutionally-owned unbiased firms. Read More…


India lifts curbs on exports of 13 lively pharmaceutical elements


India lifted the ban on 13 lively pharmaceutical elements (API) amid pressures from US and China. These included frequent medicines like paracetamol, nutritional vitamins, some anti-virals and others. Business Standard has additionally learnt that the federal government is more likely to enable export of hydroxychloroquine claimed to be efficient in treating Read More…


unfold: Uber, be a part of arms to ship important merchandise


Amid the lockdown interval, joined arms with to ship necessities in Bengaluru, Delhi and Mumbai. Experts mentioned because the lockdown progresses, firms, particularly these using gig employees, are progressive partnerships to maintain their companies going. Read More…


India Inc steps up efforts to mitigate affect of coronavirus pandemic


From free studying content material, financing hospital beds to donations and job commitments, non-public firms have additionally stepped up efforts to mitigate the Covid-19 pandemic together with government-owned entities. According to BoFA Securities, the measures introduced by non-public companies is not going to solely assist combat the virus, however will even increase their prospects within the inventory markets. Read More…


Most free subscribers of music OTT apps able to attempt paid fashions: report


A latest survey by analysis agency Redseer Consulting has mentioned that majority of free customers of the audio OTT apps are keen to modify over to paid variations if subscription charges are lowered. The survey mentioned that customers are keen to pay Rs 25 per 30 days for a paid mannequin. Facility to obtain content material and offline shopping are the highest causes behind switching to a paid-subscription mannequin, the report mentioned. Read More…


Covid-19: curtails cut-off timings for mutual funds from Three pm to 1 pm


Following the Mutual Funds trade’s request to to scale back the timings because of the lockdown amid the Coronavirus outbreak, the market regulator lowered timings for fairness and debt schemes from 3pm to 1pm and for liquid and in a single day schemes to 12.30pm from 1.30pm. According to MF advisors, the transfer will make it troublesome for fairness scheme buyers to time their contemporary allocations effectively. Read More…


Coronavirus affect: Retail buyers see Rs Three trillion hit on investments


Equity investments of retail buyers have taken successful because of the heavy sell-off within the inventory markets because of Covid-19. Data has confirmed that retail buyers have misplaced practically Rs Three trillion incurring heavy losses because of sliding of shares in companies like Reliance, HDFC. Read More…


Coronavirus fallout: Telecom gear makers outfitted to satisfy native demand


To assist telecom operators like Bharti Airtel and Vodafone, gear makers like Ericsson and Nokia are manufacturing essential spare elements in Pune to make sure seamless community provide amid the lockdown because of Covid-19. Huawei and ZTE are additionally working with the businesses to make sure clean functioning and have stock for 6-10 months, in line with the Economic Times.


NHAI achieves 88% of freeway building goal in FY20


NHAI has accomplished 3,979 km of highways within the monetary 12 months 2019-20, in opposition to the goal of constructing 4,500 km highways that was set at first of the 12 months. The firm is now making an attempt to find out the affect of the coronavirus on the lockdown and can get a transparent image on its future initiatives as soon as the lockdown is lifted, Livemint reported.



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