Bharti Telecom to raise ₹7,600 cr through block sale of Airtel shares

Promoters plan to sell 2.75% stake

Bharti Telecom to sell $1 bn stake in Airtel through block deal

IANS New Delhi Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday. Bharti Teleco

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds

Bharti Telecom to sell $1 bn stake in Airtel through block deal

Bharti Telecom to sell $1 bn stake in Airtel

 Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

TORONTO — Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange. The S&P/TSX composite index was up 151.79 points at 15,065.43. U.S.

S&P/TSX composite index up on broad-based rally, while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange.

Toronto stock market rally led by cannabis while U.S. stock markets closed

Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.

Lufthansa says Germany approves stabilization package

FRANKFURT (Reuters) - Germany’s new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa (LHAG.DE), Germany’s flagship carrier said on Monday.

Lufthansa says Germany approves stabilization package

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. "The Executive Board also supports the package", Lufthansa said, adding that the bailout still need consent

Germany approves 9 billion euro aid package for Lufthansa

FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the...

Lufthansa secures €9b German state rescue deal, say airline, government

FRANKFURT AM MAIN, May 25 — Berlin and coronavirus-stricken airline giant Lufthansa agreed today on a nine-billion-euro (US$9.8 billion) rescue package subject to approval by shareholders and competition authorities, the company and Germany’s economy ministry said. “Before the coronavirus...

German government agrees €9B Lufthansa bailout

The deal still needs to be approved by the European Commission’s competition team.

Germany's Lufthansa agrees to government's $9.8b aid

Deal will also place federal government with a major say in airline's future course

IDFC FIRST Bank’s senior management takes 10% pay cut

IANS New Delhi IDFC FIRST Bank’s senior management has volunteered to take a 10 per cent pay cut for the financial year 2020-21 amid the coronavirus cri

Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut

The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances

Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%

The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.

EU eyes first face-to-face summit in months to haggle over budget

BRUSSELS (Reuters) - EU leaders may meet for a face-to-face summit in the coming weeks to bargain over the next joint budget and a linked coronavirus recovery fund, suspending lockdown rules imposed to contain the pandemic, diplomats and officials said.

EU eyes first face-to-face summit in months to haggle over budget

European Commission to propose blueprint for € 1tn multiannual financial framework

EU eyes first face-to-face summit in months to haggle over budget

EU eyes first face-to-face summit in months to haggle over budget

Nissan says preparing to gradually restart Mexico operations

The automaker will begin with vehicle and autoparts manufacturing activities

Nissan says preparing to gradually restart Mexico operations

MEXICO CITY (Reuters) - The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly related to vehicle and autoparts manufacturing.

Nissan says preparing to gradually restart Mexico operations

Nissan says preparing to gradually restart Mexico operations

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

‘Over 1,000’ pubs have interest in Covid-19 insurance test case

Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown

More than 1,000 pubs have an interest in FBD ‘test case’, court told

Dispute centres on whether insurers should pay for pubs’ losses over Covid-19 shutdown

Germany will take Lufthansa stake in landmark US$9.8B bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro (US$9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Germany Will Take Lufthansa Stake in Landmark $9.8 Billion Bailout

Germany will offer Deutsche Lufthansa AG a 9 billion-euro ($9.8 billion) bailout that thrusts the state back into the heart of a company privatized with fanfare two decades ago.

Patriotic Poles led astray by mis-labelled Ukrainian cucumbers

WARSAW (Reuters) - Local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as home grown, Poland’s anti-monopoly office said on Monday.

Patriotic Poles led astray by mis-labelled Ukrainian cucumbers

WARSAW – Seeking to appeal to patriotic Poles, local supermarket Biedronka has been mis-labelling goods including Belgian carrots and Ukrainian cucumbers as homegrown, Poland’s anti-monopoly office said on Monday, as it launched an investigation.

Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)

Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]

Oppenheimer Asset Management Inc. Acquires 11,774 Shares of Aptiv PLC (NYSE:APTV)

Oppenheimer Asset Management Inc. increased its holdings in shares of Aptiv PLC (NYSE:APTV) by 358.7% during the first quarter, HoldingsChannel.com reports. The fund owned 15,056 shares of the auto parts company’s stock after buying an additional 11,774 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Aptiv were worth $741,000 as of its most […]

HDFC Q4 profit drops 22 pc to Rs 2,233 crore, declares dividend of Rs 21 per share

HDFC Q4 profit drops 22 pc to Rs 2,233 crore, declares dividend of Rs 21 per share: Housing Development Finance Corporation (HDFC) on Monday reported 22 per cent fall in net profit at Rs 2,233 crore for the January to March quarter.. Get all latest entertainment & viral stories on english.lokmat.com

HDFC Q4 results: Profit drops 22% YoY to Rs 2,233 crore; firm announces dividend of Rs 21 per share

Profit fell as dividend income received during the quarter was mere Rs 2 crore.

oMalayitsha call on Government to provide special permits

CROSS border transporters popularly known as oMalayitsha have called on Government to assist them with special permits which will ensure smooth passage of their...

OMalayitsha call on Government to provide special permits

Chronicle Reporter CROSS border transporters popularly known as oMalayitsha have called on Government to assist them with special permits which will ensure smooth passage of their goods into the country to enable them to transport food to vulnerable families in the country on time. The Malayitsha trade has been in existence for over two decades servicing mostly Matabeleland. For many years oMalayitsha have been a vital cog in ensuring that goods from neighbouring countries especially South Africa and Botswana reach intended families who rely on their diaspora relatives for survival. Many families in Zimbabwe, especially the southern region, have long relied on supplementary essentials sent by their relatives who reside in neighbouring South Africa have known no other way of getting their goods into the country other than omalayitsha.

French carmaker Renault could close plants and cut jobs, says union

PARIS, May 25 — French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save €2 billion (US$2.2 billion) in costs, a representative for far-left union CGT said today. Renault has called for a meeting with unions on Thursday regarding its cost-saving...

French carmaker Renault could close plants and cut jobs: union

PARIS (Reuters) - French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.

Bushfire-hit Australians still in tents as virus slows recovery

Victims of Australia's catastrophic bushfires are still living in tents, garages, and makeshift shelters months after the blazes ended, with efforts to rebuild their lives hampered by the coronavirus pandemic.

Bushfire-hit Australians still in tents as virus slows recovery

Six months after Australia's bushfire crisis and some 6 hours away from Sydney, scores of people still live in limbo

BMO launches online resource hubs to help clients navigate COVID-19 impacts

BMO has unveiled new online information hubs that contain content and resources to help Canadians navigate COVID-19 financially.

UE Megaboom 3 speaker deals include choice of all-time low price ($100 off) or charging dock bundle

Ultimate Ears has done the seemingly impossible by managing to create, not one, but an entire lineup of recognizable, portable Bluetooth speakers among a

France promises ‘significant’ pay hikes for health workers

PARIS, May 25 — Prime Minister Edouard Philippe said today that health workers would soon get hefty pay increases as part of an overhaul of France’s hospital system in response to the coronavirus crisis. “I can say without any ambiguity, the increase will be significant,” Philippe said...

German sentiment survey boosts stocks, Europe focuses on recovery fund

LONDON (Reuters) - Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.

Nashik: Total number of COVID-19 cases rise to 963 in the district

Nashik: Total number of COVID-19 cases rise to 963 in the district: Thirteen coronavirus positive cases were detected in Nashik late Sunday night, taking the district's COVID-19 count to 963, an .... Get all latest entertainment & viral stories on english.lokmat.com

US urges probe into alleged ethics breach at African Development Bank

The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina. In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed "deep reservations" about

Punjab, MP lead the way as wheat procurement tops last year's level

The government has purchased 34.15 mln tonnes wheat iill May 24, compared to 34.13 mln tonnes procured in all of 2019.

Karan Johar's Two House Helps Test Positive For Coronavirus

Karan Johar said that two members of his household staff have tested positive for COVID-19. He informed everyone that he and his family members will remain under self-isolation for the next fourteen days.

Memorial Day sale alert: the Apple Watch 5 hits lowest price ever at Best Buy

One of the best deals we've seen in the Memorial Day sale event, you can get the all-new Apple Watch 5 on sale for $299 at Best Buy.

A ‘jet skis’ methodology can reinvigorate your middle-aged company

Launching small, independent innovation teams that are free to fail can lead to fast development of disruptive products and keep your company competitive.

Bayer said to settle up to 125k cancer legal cases in US involving Roundup weed killer

Bayer has reached verbal agreements to resolve a substantial portion of an estimated 125,000 US cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations.

Efforts underway to get food from U.S. farms to the needy | Honolulu Star-Advertiser

OMAHA, Neb. >> As food banks have struggled to meet soaring demand from people suddenly out of work because of the coronavirus pandemic, it has been especially troubling to see farmers have to bury produce, dump milk and euthanize hogs.

PHOTOS: New look of NIDCOM office after eviction

The pictures below show the office of Nigerians in Diaspora Commission (NIDCOM) after the staff were evicted. - News

Home appliances remain immune to Covid, lockdown relaxation boosts demand

28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey

Fiera Capital Corp Invests $847,000 in Keysight Technologies Inc (NYSE:KEYS)

Fiera Capital Corp acquired a new stake in shares of Keysight Technologies Inc (NYSE:KEYS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,125 shares of the scientific and technical instruments company’s stock, valued at approximately $847,000. Other institutional […]

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Facebook Shops is a unique way to bring small businesses and users together

Malls Lose Rs 90,000 Crore in 2 Months, SCAI Seeks Adequate Relief

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

Home, auto loan borrowers top beneficiaries of moratorium relief

SurabhiEven as the Reserve Bank of India announced extension of the moratorium on term loans by another three months till August 31, industry data reveal that auto and home loans are the major segment

Walmart Mexico pays Mexico about $359 million in back taxes

MEXICO CITY — Walmart de Mexico said Monday it has paid the Mexican government the equivalent of about $359 million in taxes for its 2014 sale of a restaurant chain known as VIP’s after tax authorities demanded it. The payment appears to mark a victory for President Andrés Manuel López Obrador, who has railed against …

Amazon sale drops the price of a Kindle to $60

Amazon's standard Kindle has been discounted to $60 in its latest sale.

Office supply wholesaler Spicers Ireland is rescued from liquidation

The sale of the business includes the trade and stock and will see Paragon Group take assignment of the lease of the Spicers Ireland depot at Citywest in Dublin. Picture: iStock

Mexico's monthly trade deficit hits $3 billion due to virus

Exports in Mexico fall by more than 40% in April 2020, while imports are down 30%

Germany's Scholz: Lufthansa rescue package should yield 'small profit' for state

BERLIN (Reuters) - Germany’s rescue package for flagship carrier Lufthansa (LHAG.DE) is a “very, very good solution” that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on Monday.

CREDAI Seeks Urgent Support For Realty Sector in Letter to PM Modi

The industry body said that it has done its "best possible" to mitigate the plight of over five crore labour force in the sector by providing food and shelter.

POST COVID-19: Relocate dry dock to open up economy in N’Delta – PANDEF, UNDEDSS

THE Pan Niger Delta Forum, PANDEF and the United Niger Delta Energy Development Security Strategy, UNDEDSS, Monday, restated calls for...

EXCLUSIVE: Seqo Billy: 'Gummo' was Shot in Front of My House, We Brought 100 Bloods Out

Part 5: Seqo Billy Seeing Tekashi Record 'Gummo', 69's Beef with Trippie ReddPart 1: Seqo Billy on Family Members Being Nine Trey Blood, Joining as...

Qualys: Revenue Guidance Appears Choppy But Valuation Reasonable

Qualys reported Q1 revenue growth of ~15% which was slightly ahead of expectations with operating margins showing strong expansion. Management provided 2020 rev

EU watchdog hopeful most banks can absorb €380bn pandemic hit

Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority

Insider Weekends: Moderna Executives Go On A Selling Spree

Insider buying decreased significantly last week. Notable Insider Buys: Mercury General Corporation, Cortexyme, Inc., New Mountain Finance Corporation, Berkshir

USD/CHF struggles to find direction, trades above 0.9700

The USD/CHF pair is fluctuating in a 30-pip range on Monday amid thin trading conditions. As of writing, the pair was trading in the middle of its thr

True Elements’ customers can now track quality of products to ensure safety

For True Elements, a zero-sugar breakfast and snacks brand based out of Pune, the nationwide lockdown due to the Covid-19 pandemic was the ideal time to come up with one more innovation. Its customers

Secret Number reveals full choreography to b-side "Holiday"

Rookie girl group members were guests in Idol Radio. Secret Number for the first time performed their b-side "Holiday" dance choreography. H…

72 per cent professionals wish to continue WFH, 80 per cent believe it will impact air quality: Survey

Another 85 per cent agreed that WFH saved substantial man hours by eliminating commute time. However, as cities reopen partially and news cycles report traffic congestion, how business will complete this transition remains to be observed.

Lufthansa has good prospects for future: German ministries

BERLIN (Reuters) - The German Finance and Economy Ministries on Monday said Lufthansa (LHAG.DE) was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.

US tech execs have dumped $3.6 billion in company stock this month

Top execs from Facebook, General Electric, Cloudflare, and Activision all have sold small fortunes worth of stock this month.

Cross-Border Investing: The Most Active US-Based VCs in Africa

Africa’s evolution to cross-border investing has been interesting, but more so, challenging for Venture Capitalists. Traditionally, VCs pump money into businesses and geographies they understand, while tending to be skeptical about businesses in emerging markets. Concerns around regulatory risks, regional stability, market size, distance from their headquarters which increase oversight costs, all have at one point made it difficult to get U.S-based VCs on board.  A decade back, only a few for-profit early-stage investors were attracted to Africa,  with citations of  “a slim picking away from social investing.”  The playing field was therefore left to non-profits and social-focused investors. However, the arrival of specialized funds led by development finance institutions such as the International Finance Organization (IFC), Acumen, and Overseas Private Investment Corporation (OPIC), has slowly transformed early-stage company financing across the continent to include top-tier VC investors from the U.S. Similarly…

COVID -19: Anambra reduces 2020 budget size by N24.3b

Anambra State government has reduced the size of its 2020 budget from N137.2 billion to N112.8 billion due to the adverse effect on the economy by the ravaging coronavirus pandemic.

KP chief secretary tests positive for coronavirus

"Dr Kazim Niaz has been working day and night against the coronavirus outbreak," says KP CM Mahmood Khan.

Protect your phone with Casetify's Memorial Day deal on cases & accessories

Casetify's Memorial Day sale is offering 20% off your purchase when you buy two or more accessories today only! Licensed accessories and collaborations are not eligible for the discount. You'll score free shipping on orders totaling $35 or more.

Engineers want the Government to increase spending to stimulate the economy

The Government needs to take advantage of the low cost of borrowing for capital projects to increase spending and stimulate economic recovery, the new President of the Association of Consulting Engineers of Ireland (ACEI) has said.

Factbox: EU recovery fund - the battle lines

BRUSSELS (Reuters) - The European Commission will issue on Wednesday a new proposal for a long-term European Union budget and a coronavirus recovery fund to help economies in the bloc rebound from recession.

NDP makes support for suspending Commons contingent on permanent sick leave

The Liberals over the weekend proposed to waive ‘normal’ House of Commons

Digitex Futures Adds Chainlink Integration For Unrivaled Price Data Accuracy

Digitex Futures has revealed a new partnership with Chainlink to provide the most consistent and accurate price data without fluctuation.

Ombudsman awards theft victim £190K

A WOMAN received more than £190,000 from her insurance company following the theft of two rings – after she took the case to the Channel Islands Financial Ombudsman when her claim was rejected.

Cullen commission into money laundering in British Columbia resumes today

Inquiry was called amid growing concern that illegal cash was helping fuel real estate, luxury car and gambling

McGahon encourages groups in Louth to apply for Clár funding - Talk of the Town

Local Senator John McGahon is encouraging groups across Co Louth to apply for the Government’s 2020 Clár Programmme, which has a total fund of €5 million and is designed to help rural communities respond to the challenge of COVID-19. Senator McGahon said: “The Clár Programme can be used for small scale infrastructural projects in rural...Read More→

Mubadala exempts tenants from lease for three months

UAE- Mubasher: Mubadala Real Estate and Infrastructure (MREI) will exempt retail tenants at its Abu Dhabi mall, Galleria Al Maryah Island, from paying the monthly lease. The tenants will be provided with a rent-free exemption over three months …

MTN, Airtel re-instate mobile money sending charges

Kampala, Uganda | THE INDEPENDENT | Telecom giants MTN Uganda and Airtel have announced they will be re-instating their charges on sending money ending the suspension that was meant to make it easy for users to go through the lockdown. During the last two months of the lockdown, customers were allowed to send money on …

Experience banking beyond limits with the One Bank App

What do you think makes a great banking app? While you consider that, have you ever reimagined banking? Has it ever occurred to you that you can discover a dynamic way to live without limits just by being signed up on an innovative banking app?

Hamilton City Council Wants To Fix Pay Errors

Hamilton City Council is the latest big business moving to rectify errors in Holiday Act payments.

In pictures: The chain that captivated the nation

Just when we think we couldn’t fall more in love with Paul Mescal he goes and raffles off one of his iconic Connell chains to raise money for Pieta House.

Brit trophy hunters making thousands offering blood-thirsty tours to kill elephants, lions and rhinos

THE British businessmen helping to organise bloodthirsty trophy hunts in South Africa have been unmasked in a new book. Trophy Hunters Exposed, Inside the Big Game Industry describes how the men ar…

16 Naughty Children Whose Parents Are the Perfect Example of Epic Calmness

After the kids are born, the lives of young parents turn upside down. Except for getting an unlimited access to happiness, love, and cuteness in their lives, they have to deal with a lot of nerve-shattering situations. They can’t escape it, but the most stress-resistant moms and dads find the strength to laugh at the pranks their offspring manage to pull off.

Mum buys vending machine and gets kids to pay for their snacks with pocket money

But healthy snacks are free.

Tencent Becomes Biggest Shareholder in Game Company and Anime Producer Marvelous

Tencent has become Marvelous’s biggest shareholder, reports Bloomberg.

Life insurance firms record 45% degrowth in April, but post-COVID future bright

Insurance sector will face headwinds in Q1 FY20 due to the coronavirus pandemic, However, CARE Ratings said that insurance space will record strong performance, especially digitally going forward

Malls lose Rs 90k cr in 2 months: SCAI

IANS New Delhi The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to t

Euphonik and Prince Kaybee debate not paying up-and-coming DJs in favour of exposure

Both DJs agree that although exposure is valuable for an up-and-comer, money will always be better remuneration.

UK, Nigeria pledge to sustain trade relations amid CoVID-19

With Covid-19 continuing to affect supply chains, trade and global investment flows, the United Kingdom and Nigeria authorities have pledged commitment

Govt proposes to streamline processes to deal with corporate, tax frauds

IANS New Delhi Government proposes to further streamline and simplify the processes to deal with corporate and tax related frauds by identifying and insti

Celeste Barber’s $51 million bushfire money must stay with NSW RFS

Money raised by Celeste Barber's bushfire campaign cannot go to other charities or states, but can be given to injured firefighters, a judge has ruled.

EANS-Adhoc: AMAG Austria Metall AG: Change of dividend proposal to EUR 0.50 per share

Dividend Announcements/Distribution 25.05.2020

Osimhen to arrive Nigeria today

The Lille of France star's father, Patrick, died on Saturday after a brief illness

Why did a cloth brand once promoted by Bond and Bachchan shut shop in India?

Did miscalculated branding end the 180-year brand’s run in India?

Builders push for $40k home buyer grant to stave off construction crisis - but Barr says no

Chief Minister Andrew Barr said the policy would drive up house prices.

Food scrap ban delayed

The Regional District of North Okanagan has delayed implementation of a food scraps ban for commercial organizations.