Top 12 finance news today, June 25, 2020

Here’s your daily dose of finance news in case you missed these big developments:

Sensex, Nifty end marginally lower on F&O expiry

Market benchmarks Sensex and Nifty ended marginally lower on Thursday after a volatile session amid expiry of monthly derivative contracts.

Historic hit: After 19 hikes in a row, diesel breaches Rs 80-mark in Delhi, petrol stands at Rs 79.92

For the first time in living memory, Diesel has become costlier than petrol in the national capital after prices were hiked for 19 days in a row. On Thursday, the retail prices of diesel increased by Rs 0.14 taking the cost for a litre to Rs 80.02/litre, marking the highest price of diesel ever recorded here. Read more

Gold price falls today even as IMF projects deepest contraction for India in FY21

On June 25, 2020, gold prices were dragged lower by a tad bit after hitting record highs amid the uncertainty which again surfaced due to rising coronavirus cases. In India, the cases are close to 5 lakh mark now. Read more

Hinduja Brothers in dispute over their multiple billion pound fortune

The UK-based Hinduja brothers are locked in a legal dispute in the High Court in England over their billionaire family's assets. Read more

CBI files charge sheet against Rana Kapoor, DHFL's Wadhawans

The CBI on Thursday filed a charge sheet against Yes Bank founder Rana Kapoor, DHFL co- founders Kapil and Dheeraj Wadhawan and others in a quid-pro- quo case involving the private sector lender. Read more

Vaccine makers face biggest medical manufacturing challenge in history

Developing a COVID-19 vaccine in record time will be tough. Producing enough to end the pandemic will be the biggest medical manufacturing feat in history. That work is underway. Read more

Bridgestone India launches 'Bookmyservice' contactless tyre servicing in India

Bridgestone India has announced the launch of Contactless Tyre Servicing platform called ‘Bridgestone Bookmyservice’. The platform enables customers to take an online appointment in a few clicks. The planner will also allow Bridgestone channel partners to implement appropriate social distancing measures at the outlets, which are necessary in times of the COVID-19 pandemic. Read more

WhatsApp Payments coming to India after suspended by Brazil Central Bank; is it safe?

WhatsApp has been pushing its payments feature for a while but seems to be facing multiple hurdles. The WhatsApp Payments has been suspended by the Brazil Central Bank just a week after the feature was announced. Now, the Facebook-owned messaging app is working on launching the WhatsApp Payments in India, a process that's been in development since 2018. Read more

End of an era: Segway to stop production of its iconic two-wheeler self-balancing scooter

Segway Inc is ending production of its two-wheeled personal transporter vehicle that gained popularity among tourists and some police forces, but found itself embroiled in mishaps with famous personalities. Read more

Jack Ma replaced by Tencent's Ma Huateng as China's richest person

Internet giant Tencent founder and CEO of Ma Huateng, worth $50 billion, has surpassed Alibaba Co-Founder Jack Ma's $48 billion fortune to become China's richest person, according to the Bloomberg Billionaires Index. What worked in favour of the Tencent CEO, who is also known as Pony Ma, is the company's significant surge in stock this week. Read more

Skin Cream 'Fair & Lovely' to Drop 'Fair' from name, says Unilever's Indian arm after backlash

The Indian unit of the top consumer giant Unilever announced on Thursday it would rebrand its skin-lightening cream 'Fair and Lovely', which has received considerable backlash for perpetuating negative stereotypes related to darker skin tones. Read more

Indians' money in Swiss banks down 6% in 2019; hits 3rd lowest in over three decades

Funds parked by Indian individuals and enterprises in Swiss banks, including through India-based branches, fell nearly 6 per cent in 2019 to 899 million Swiss francs (Rs 6,625 crore), annual data from Switzerland's central bank showed on Thursday. Read more