Ryanair challenges Lufthansa's bailout package

Low-cost carrier Ryanair challenged Germany's 9 billion euro rescue package for Lufthansa on Tuesday, saying it distorted competition, while the German carrier moves towards finalising the deal next month.
Reuters, 24 min(s) ago
Also from: NDTV, Economic Times

Bharti Telecom sells 2.75% stake in Airtel for Rs 8,433 cr

The sale proceeds will be fully utilised to repay debt at Bharti Telecom and will make the promoter holding firm a 'debt free company'. Promoter firm Bharti Telecom has sold 2.75 per cent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore, the company said on Tuesday. The sale proceeds will be fully utilised to repay debt at Bharti Telecom and will make the promoter holding firm a 'debt free company', it said.   Bharti Group and Singtel will ...
Rediff.com, 25 min(s) ago
Also from: NDTV, Money Control and 2 other sources

'Stringent lockdown': Fitch projects Indian economy to contract 5% in 2020-21

Fitch said it has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO) for May, but the slump in global economic activity is close to reaching its trough.
Hindustan Times, 41 min(s) ago
Also from: Rediff.com, Money Control and 1 other source

India staring at worst recession since Independence: Crisil

Crisil said a return to the pre-pandemic growth rates is unlikely in the next three fiscals.
Money Control, 2 hour(s) ago
Also from: Economic Times

Indian gaming industry attracted $350 million venture capital investments between 2014-2020: Report

​​The report titled 'Gaming - India Story' said the Indian gaming industry currently valued at USD 930 million and is expected to grow at 41 per cent annually. By 2024, the gaming industry in India is set to be valued at USD 3,750 million, it added.
Economic Times, 2 hour(s) ago
Also from: Hindu Business Line, Rediff.com and 2 other sources

Hong Kong cenbank says security law won't change city's financial system

The head of Hong Kong's central bank said on Tuesday that new security laws proposed by China for the city would not change the fundamentals of its financial system.
Reuters, 3 hour(s) ago
Also from: Reuters, Hindustan Times and 2 other sources

Indian edible oil conference postponed amid coronavirus outbreak - organiser

India's biggest edible oil conference has been postponed as cases of the novel coronavirus rise in the world's biggest importer of vegetable oils, the organisers said on Tuesday.
Reuters, 5 hour(s) ago
Also from: Times of India, Economic Times

Buy Eicher Motors; target of Rs 17,150: ICICI Direct

ICICI Direct is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 17,150 in its research report dated May 26, 2020.
Money Control, 5 hour(s) ago
Also from: Hindu Business Line, Rediff.com and 2 other sources

Sensex surrenders early gains, ends 63 points lower

Bharti Airtel was the top loser in the Sensex pack, plunging around 6 per cent, followed by TCS, Bajaj Finance, Sun Pharma, Tech Mhindra, Infosys and Hero MotoCorp. On the other hand, Titan, Ultratech Cement, IndusInd Bank, Nestle India and ITC were among the gainers. Illustration: Uttam Ghosh/Rediff.com Equity benchmark Sensex gave up all the day's gains to end 63 points lower on Tuesday as spiking number of COVID-19 cases in the country created an uncertainty about lockdown measures going ...
Rediff.com, 5 hour(s) ago
Also from: Hindustan Times, Rediff.com

Mercedes-AMG CEO Tobias Moers to replace Andy Palmer as new head of Aston Martin

Dr Andy Palmer, President and Group Chief Executive of luxury car company Aston Martin, is stepping down from his role, announced the Board of Aston
Hindu Business Line, 7 hour(s) ago
Also from: Reuters, Money Control