Vodafone Idea shares up by 30% amid reports of Google investment

Google considering taking stake in Vodafone Idea: Report

A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.

Google's interest positive but may not help solve Voda Idea's debt woes

Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note

Voda Idea jumps 35% on reports Google eyeing 5% stake in telco

For a 5 per cent stake, Google will have to shell out $110 million.

Google could pick up stake in Vodafone Idea

A report in the Financial Times says Alphabet, Google’s parent company, is looking to buy 5 per cent stake in Vodafone's India business.

Vodafone Idea surges 35% on report Google eyeing 5% stake, trims gain later

The stock has been more-than-doubled from Rs 3.04 on April 1, as compared to a 13.4 per cent rise in the S&P BSE Sensex during the same period.

Google may pick 5% stake in Vodafone Idea

Google is considering acquiring a stake in Vodafone Group Plc’s struggling Indian business, the Financial Times reported, joining Facebook in investing in the world’s fastest-growing mobile arena. Google may take a stake of about 5% in Vodafone Idea, though the deliberations are at a very early stage, the FT cited people familiar with the matter as saying.

Mubadala Investment Company eyes stake in Jio Platforms: Source

Abu Dhabi-based sovereign investor Mubadala Investment Company is in discussions to invest in Reliance Industries' digital unit Jio Platforms, a source said.

Google mulling stake in VIL positive but inadequate to solve telcos' debt woes: Analysts

Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.

Vodafone Idea share price zooms 35% on report Google eyeing stake in telco

Share price of Vodafone Idea gained 35% to Rs 7.85 compared to the previous close of Rs 5.82 on BSE

Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale

Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.

Gold price flat ahead of Trump’s Hong Kong response

Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. US gold futures rose 0.2% to $1,716.50.

Asian stock markets: Mildly offered, ASX 200 drops 0.75% ahead of China news

With the escalating tensions between the global champions, the US and China, Asian shares remain pressured while heading into the European session on

Gold Up on Back of Mounting U.S.-China Tension

Gold Up on Back of Mounting U.S.-China Tension

Oil falls but set to post biggest monthly rise in years on output cuts

Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.

Oil rises about 2% as higher US refinery rates offsets surprise crude build

US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says

WTI Price Analysis: Oil eyes record monthly surge

While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin

Crude futures slip nearly 5% on demand concerns; gain 86.61% in May

In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.

Oil Prices Rebound Nearly 90% In May For Best Month On Record

Prices increased by more than 5% on Friday.

Oil prices fall as U.S. fuel demand remains weak

Oil prices fall as U.S. fuel demand remains weak

Oil Posts Best Month Ever, Even As Rig Cuts Decline, Stockpiles Climb

Oil Posts Best Month Ever, Even As Rig Cuts Decline, Stockpiles Climb

IDC: Hearables market sees growth, but smartwatch sales decline in Q1 2020

The first quarter of 2020 had the wearables market see a significant growth despite the ongoing Coronavirus pandemic. According to an IDC report, the hearables market has seen impressive growth during this time of crisis, while smartwatches and fitness trackers have seen a decline in sales. The hearables category includes all the headphones, earphones earbuds, …

TI remains top analog IC supplier

With analog sales of US$10.2 billion and a 19% market share, Texas Instruments held a firm grip on its position as the leading supplier of analog devices in 2019, according to IC Insights.

IDC: Apple still dominates the wearable market with 21.2 million units shipped in Q1 2020

Apple continues to lead the market for wearable products, according to the latest IDC report. The company shipped 21.2 million units of these products in the first quarter of 2020, which represents 29.3% of the total share. Compared to the first quarter of 2019, the company grew by 13.3 million units, or 23.7% of market […]

TI rules the analogue roost

In 2019, TI’s analogue sales were directed to industrial applications (36% of revenue), smartphones and other personal electronics (23% of revenue), and automotive applications (21% of revenue).  All three application segments are highly profitable and afford it the best opportunities for growth now and into the future, the company said.

IDC: Hearables market on the rise, but smartwatch sales have declined in Q1 2020

Global shipments for wearables went up by 29.7% YoY with 72.6 million units shipped.

Samsung's global wearables shipments grew by 71% for the first quarter of 2020

The latest IDC report on the wearables market (for the first quarter of 2020 (1Q2020)) shows that its watch sector declined. However, this shortfall was addressed by gains made by the audio and band categories. Apple remained the #1 brand in terms of shipments, although Samsung posted the greatest year-on-year (YoY) growth.

India, US could strike a ‘smaller’ trade deal in the coming weeks: Indian envoy

According to India's ambassador Taranjit Singh Sandhu, India and the US could strike a smaller trade deal in the coming weeks

India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.

India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy

Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.

British Airways may outsource work of 450 redundant employees

Exclusive: airline’s proposals also include closing operation at Heathrow Terminal 3

Fears for Belfast airport jobs as easyJet confirms major cull of staff

DOZENS of airline staff could be axed at Belfast International Airport as part of a cull by easyJet as it struggles with a collapse in air travel caused by the virus pandemic.

Starling Bank boosts its support for small and medium-sized businesses

Starling Bank is continuing to beef up its B2B banking and payments services following a fresh round of investment.

UK challenger bank Starling Bank raises €44.3 million to support small businesses

Today UK challenger bank Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 m

Coronavirus effect: UK car production likely to drop to lowest level in decades

Full-year production could fall to as low as around 870,000 vehicles, according to a forecast by AutoAnalysis for the SMMT, far below a recent nadir of 999,460 cars in 2009, during the financial crisis

UK car production reaches lowest point since WW2

UK car production fell to its lowest level since the Second World War in April, down -99.7%, according to figures from the Society of Motor Manufacturers and Traders (SMMT).

Nissan will focus on Japan, China and North America, to discontinue production in Indonesia and Spain

Datsun brand will be withdrawing its operations from Russia

Nissan tight-lipped about strategy for Africa as it ‘transforms’

After announcing R3bn investment in its Rosslyn plant for the new Navara pickup last year.

No proposal before board now, says Voda Idea on Google picking stake in co

The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.

Vodafone Idea not considering any proposal from Google

On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.

VN corporate bond market turns gloomy because of Covid-19 - VietNamNet

The primary supply of corporate bonds has dropped sharply as the epidemic has upset enterprises’ business plans. Many have postponed bond issuance plans.

BookMyShow cost-cutting to hit 270 employees

Members of the workforce who have been put on furlough will continue to remain employed with the company and will be eligible for all medical insurance, gratuity and other benefits.

Stocks in focus: Vodafone Idea, RIL, Yes Bank, Voltas, Bank of India to remain in action

KEC, Lemon Tree, Equitas Holdings, Jubilant Life Sciences, Procter & Gamble Healthcare, Voltas, Dilip Buildcon and V-Mart Retail are among 31 companies which are scheduled to announce their March quarter earnings today.

Uttar Pradesh clocks highest ever sugar production

The increase in UP’s production is significant when seen in the national context, which has posted a 19% decline in production from 32.61 million tonne to 26.36 million tonne till May 15.

No need to feel threatened by e-commerce firms: Goyal tells traders

Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders

TV Ratings: 'Millionaire,' ABC Game Shows Top Thursday

Fox's 'Labor of Love' builds a little on its soft premiere, and other originals are fairly steady.

Lockdown shopping: Chocolate chips, frozen pizza up, energy bars nosedive

Americans bored at home during the coronavirus lockdown are rediscovering their love of baking and cooking, reversing a decades-long trend that has reshaped the grocery store experience.

Sterling sinks to two-month low as Brexit fears loom

LONDON, May 29 — The pound fell to a two-month low against the euro today as Brexit talks and speculation about negative interest rates in Britain continue to weigh on sterling, which also fell against the dollar. Brexit talks about a trade deal with the European Union have not gone well, with...

Equities drop as Trump lines up China response

HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...

Delay in financial aid to SMEs will be resolved in two months, says Wan Junaidi

KUCHING, May 29 — The Entrepreneur Development and Cooperatives Ministry expects the delay in the disbursement of financial assistance for Covid-19-affected small and medium enterprises (SMEs) in Sarawak to be resolved within two months. Its minister, Datuk Seri Wan Junaidi Tuanku Jaafar,...

Euro business loans up as firms seek cash to weather virus

FRANKFURT, May 29 — Growth in lending to eurozone businesses continued to accelerate in April as companies sought funds to cope with the tough coronavirus lockdowns which hit activity, European Central Bank data showed today. Loans to non-financial firms added 6.6 per cent year-on-year in April...

Eurozone inflation slumps to 0.1pc in May

BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...

Italy’s economy shrinks more than feared

MILAN, May 29 — Italy’s economy shrank 5.3 per cent in the first quarter, much worse than first thought, official data showed today, as the effects of a tough coronavirus lockdown began to be felt. The national statistics institute (ISTAT) said at the end of April it expected the economy to...

Vestager says she is not placing extra hurdles in way of Lufthansa bailout

BRUSSELS — EU antitrust chief Margrethe Vestager on Friday denied that she is placing additional hurdles in the way of Lufthansa’s $10 billion government rescue, which has been held up by her demand for the stricken airline to give up airport slots.

EU recovery fund plan ‘absurd,’ Orbán says

Hungarian PM complains scheme would mean ‘financing the rich from the money of the poor.’

An economic turning point for Europe?

The coronavirus may finally shock the continent out of its austerity mindset

How to Sell Off Your Old Stuff on Jiji (Previously OLX)

Have old stuff to sell? Follow this step-by-step guide to know how to sell them on Jiji both on a PC or using the mobile app.

The impacts of COVID-19 on innovation and digital transformation in air transport

As airlines, airports and their air transport sector partners continue to plot the industry’s recovery from the COVID-19 crisis, a focus on innovation, and investment in technologies such as touchless biometrics, self-service, automation, and mobile devices and apps, will have a crucial role to play. These are some of the key insights of a new report jointly released by Fast Future, Future Travel Experience (FTE), and the Airline Passenger Experience Association (APEX). The study findings are being launched today during a

Committees on tourism put transformation high on the agenda of the South African tourism

CAPE TOWN, SOUTH AFRICA - The Portfolio Committee on Tourism and the Select Committee on Trade and Industry, Economic Development, Small Business Development, Tourism, Employment and Labour  received a briefing from the South African Tourism (SAT) on their five-year strategic and annual performance plans.   The report was well received as the committees were reassured by SAT that the target of 21 million tourist arrivals will be met by 2030. The committees welcomed the assurance to achieve that target after COVID-19 as

COMESA: 630 million people living without electricity

COMESA region currently has the lowest electricity generation with approximately 630 million people living without reliable access to electricity and 790 million people forced to rely on solid biomass to cook their food and heat their homes. Studies show that about 1.3 billion people worldwide still lack access to modern energy. However, the situation is worse in the developing economies, where more than 70% of their people lack access to modern energy and 89% or more still rely on traditional biomass as the primary source of energy. Sub-Saharan Africa’s energy systems face an enormous challenge. Significant improvements have in the recent year been made in the generation capacity with the coming on stream of major power generation projects in many countries of Eastern Africa-Southern Africa-Indian Ocean region. These have been supported by various programmes such as the Project on Enhancement of a Sustainable Energy Market in Eastern Africa-Southern Africa-Indian Ocean Region (ESREM), funded by the European…

Here are 7 of the top chart patterns used by technical analysts to buy stocks

Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and ...

Bulk-buying solving COMESA Intra trade amidst COVID-19 woes

Since the first case of Covid-19 was reported in the Great Lakes region in mid-March 2020, small scale traders have been unable to cross borders as they have traditionally done either to buy or sell goods. The regional supply of primary agricultural commodities, most of which are traded under the Simplified Trade Regime (STR), especially foodstuffs from surplus to deficit areas has also been disrupted by the long delays at borders as truck drivers wait to be tested for Covid-19 before crossing. To support cross border trade, which is the lifeline of a huge community in the region, the Great Lakes Trade Facilitation Project (GLTFP) engaged stakeholders to come up with innovative means of trading across the borders of the three countries covered by the project. These innovations are meant to ease the movement of goods and avoid food shortages. The project region covers eastern DR Congo bordering western Rwanda and Uganda. Subsequently, a new concept of bulk-buying has been developed whereby goods are procured in…

Young’s says it expects ‘lower sales’ when customers return to pubs

The London-based pub company said it will not pay shareholders a dividend for the past year.

Indian banks' asset quality pressure may last for at least 2 years: Fitch

Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.

India-dedicated funds attract zero investments in April due to Covid-19

This is the first time since August 2016 that a month has reported nil fundraising in India-dedicated schemes

Tea companies fear losing lucrative Chinese market over border conflict

Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there

Economic contraction expected to remain well into 2021 - Shiimi

The Namibian economy is projected to contract by 6.6% in real terms during the 2020/21 financial year. Finance minister Iipumbu Shiimi on Wednesday cautioned that this contraction may linger on well into 2021 at a moderate rate of 1.1%, with the new normal average growth rates of between 2.0 and 3.6% in 2022 and beyond.  

Nigeria: FG pushes conclusion of the electricity deal with Siemens

President Buhari has instructed commencement of the next phase of the Siemens contract to upgrade the dilapidated electricity supply industry in Nigeria.

Covid-19 impact: IndiGo, SpiceJet may clock combined Q4 loss of Rs 3,350 cr

According to Elara Capital, IndiGo and SpiceJet could report a cumulative net loss of Rs 3,350 crore in Q4FY20, as against a profit of Rs 570 crore in Q3FY20 and Rs 650 crore in Q4FY19.

Merger of three state-owned general insurers on back burner due to Covid-19

Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year

The Smartest Stocks to Invest $2,500 Into Right Now

Your pocketbook will thank you if you hang onto these quality companies for the long term.

Support regional production and trade of essential supplies- CBC Chairperson

In light of the various disruptions to business and supply chains across the region due to COVID-19, it is crucial that we support regional production and trade of essential supplies such as masks and sanitizers; furthermore, address the challenges regarding air cargo logistics within COMESA, Marday Venkatasamy, the COMESA Business Council Chairperson has said. Venkatasamy, during the 14th meeting of the COMESA Business Council(CBC) Board of Directors, held virtually, called for strengthened growth and sustainability, considering the institution’s consolidated income of US$1,825,492 for the year and a surplus of US$510,395.00 at year-end. He reiterated the commitment of the private sector to ensure constant participation in the regional integration agenda and influence policy to the interests of businesses in COMESA. COMESA Secretary General, Chileshe  Kapwepwe, recognized the need for increased partnership between COMESA and the CBC in the fulfilment of the objectives of the COMESA Treaty to support private…

Record-breaking spring sunshine boosts British strawberry crop

Tesco berry buyer Laura Mitchell said the good weather has resulted in ‘exceptionally good quality and sweet strawberries’.