To build 5G speed network connections and IoT functionalities across industries. With its AI-powered novel communication architecture, the company is set to release a beta version of next-generation satellite constellations this September. It plans to launch a fully operational constellation of satellites in early 2021 into Low-Earth-Orbit or Geosynchronous Equatorial Orbit. The company plans to … Read more
SEBI has tweaked its rules and allowed Franklin Templeton India to list its six shut schemes on the stock exchanges to provide an alternative exit option to 300,000 investors of these schemes. Franklin Templeton had wound up six debt schemes on 23 April with total assets under management (AUM) of ₹25,856 crore. The units of … Read more
By Andy Mukherjee When private equity firm Sycamore Partners walked away from beleaguered lingerie chain Victoria’s Secret, some of the loudest gasps came from India, Asia’s busiest market for distressed assets. Acquirers felt emboldened to seek legal advice. Could they at least renegotiate prices by arguing that the coronavirus was a material adverse change? Also … Read more
Zarchi Lwin pawned her only two gold bangles for $140 when the owner of the Myanmar factory where she sewed winter coats for British retailer Next Plc shut it down after orders dried up due to the coronavirus. She is one of hundreds of thousands of garment workers across Asia who have been laid off, … Read more
Navinder Singh Sarao was arrested in 2015, accused of helping cause a $1 trillion market crash. Sarao was accused by the US government of manipulating markets by posting then canceling huge volumes of orders to trick other participants about supply and demand — a brand new offence known as ‘spoofing.’ In this extract from hs … Read more
Lucas Jackson/Reuters While this may seem confusing, here’s the deal: Investors think April was the low point for the economy and things could start to improve — or at least not get worse — from here. A version of this post first appeared in “Insider Today,” a daily email written by Henry Blodget and … Read more
The US economic recovery won’t adhere to a letter-shaped trend, and will instead arrive in three phases, Bank of America economists said Friday. The nation is in the middle of the second, or transitionary, phase after the initial shutdown period. The final phase will arrive in the third quarter of 2020 and feel “like a … Read more
The global custom t-shirt printing market size is expected to reach USD 6.9 billion by 2027, registering a CAGR of 9.6% over the forecast period, according to a new study by… Source link
The new business premium of the life insurers contracted for the second consecutive month, significantly impacted by the spread of the deadly virus and the subsequent lockdown enforced by the government. new business premium in April declined 32.6 per cent to Rs 6,728 crore from Rs 9,928 crore in the same period a year ago. … Read more