Fintech Companies With China Links On Govt’s Hit List

Fintech Companies With China Links

Several app-based lenders are in the process of being added to the list of banned entities being compiled by the government Sources say the potential implications of a data compromise from lending apps are grave, since it involves sharing sensitive financial data of the user The government is looking to prevent Chinese firms from accessing … Read more Fintech Companies With China Links On Govt’s Hit List

Rolls-Royce Shares Hit 16-year Low On Mooted $3 Billion Equity Raise

Eying A Shale Rebound, Liberty Oilfield Strikes Deal With Schlumberger

LONDON: Rolls-Royce shares hit their lowest level since 2004 on Monday after the British aero engine maker confirmed it was considering a rights issue of up to 2.5 billion pounds ($3.23 billion) following months of speculation about its finances. Britain’s best known engineering company, which also makes engines for ships and powers the UK’s … Read more Rolls-Royce Shares Hit 16-year Low On Mooted $3 Billion Equity Raise

HSBC Shares Hit 25-Year Low on China Fears, Alleged Suspicious Transfers

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The bank is the worst performer on the benchmark Hang Seng index so far this year. HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts, including a potential threat to its China expansion plans and increased scrutiny of money laundering controls. The London-based … Read more HSBC Shares Hit 25-Year Low on China Fears, Alleged Suspicious Transfers

India Gives $250 Million To Covid-19 Hit Maldives

India Gives $250 Million To Covid-19 Hit Maldives

India has provided financial assistance of $250 million to the Maldives. Male: India has provided financial assistance of $250 million to the Maldives to help it mitigate the economic impact of the COVID-19 pandemic, the Indian embassy in Male said on Sunday. The grant, provided under the most favourable terms possible, was in response to … Read more India Gives $250 Million To Covid-19 Hit Maldives

Millions Of US Users To Be Hit By WeChat Block

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US announced partial bans on WeChat on Friday. Washington: Washington’s crackdown on WeChat will disrupt communications between millions of people in the United States and their friends, families and business partners in China. But the app had not managed to reproduce in the US its success in China as the dominant smartphone-based payments platform. The … Read more Millions Of US Users To Be Hit By WeChat Block

Trump and Biden hit unlikely battleground state of Minnesota

Duluth Mayor Emily Larson said the Trump campaign has far outpaced Biden in local yard signs — which indicates enthusiasm but may not ultimately affect the outcome.

A solidly blue state for the past half century, Minnesota became an unquestioned presidential battleground on Friday as President Donald Trump and Democratic challenger Joe Biden fought for working-class voters in dueling events that marked the beginning of early voting. The candidates steered clear of the state’s most populated areas near Minneapolis to focus on … Read more Trump and Biden hit unlikely battleground state of Minnesota

PharmEasy-Medlife Merger May Hit CCI Hurdle As Chemist Association Protest

PharmEasy-Medlife Merger May Hit CCI Hurdle As Chemist Association Protests

The deal can lead up to $250 Mn, leading to a $1 Bn-valued entity The merger will raise issues on the account of horizontal and vertical overlaps, says SCDA The govt is looking to regulate the epharmacies segments since 2018 The Covid-19 pandemic has positively impacted the telemedicine and epharmacy segment. Over the last few … Read more PharmEasy-Medlife Merger May Hit CCI Hurdle As Chemist Association Protest

Donald Trump and Joe Biden hit unlikely battleground state of Minnesota

For all the work Donald Trump has put into the state of Minnesota, it may elude him again in November.

Minnesota has backed Democratic presidential candidates for nearly half a century and rarely receives much attention during the final stages of the race, when campaigns typically focus their resources on more traditional swing states like Florida or Pennsylvania. But Minnesota will feel like a genuine battleground on Friday when President Donald Trump and his Democratic … Read more Donald Trump and Joe Biden hit unlikely battleground state of Minnesota

Deloitte Hit With Record 15 Million Pound Fine For Autonomy Audit

Eying A Shale Rebound, Liberty Oilfield Strikes Deal With Schlumberger

LONDON: Britain’s accounting regulator said on Thursday it has fined Deloitte a record 15 million pounds ($19.4 million) for its audit of software firm Autonomy that contained “serious and serial failures”. Deloitte, one of the world’s Big Four auditors, and two of its now former partners, Richard Knights and Nigel Mercer, were investigated in … Read more Deloitte Hit With Record 15 Million Pound Fine For Autonomy Audit

Sensex Falls Over 350 Points; Metal, Banking Shares Worst Hit

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The S&P BSE Sensex and NSE Nifty 50 indexes extended losses in noon deals weighed down by selling pressure in banking, metal, auto and real estate shares ahead of weekly expiry of index future and option contracts. The benchmarks staged a gap down opening following weak global cues amid concerns of economic recovery worldwide. In … Read more Sensex Falls Over 350 Points; Metal, Banking Shares Worst Hit