Major finance stories at a glance:
Mukesh Ambani now world's 5th richest as RIL shares surge past Rs 2,000
On Wednesday, Mukesh Ambani became the fifth richest person in the world on the Forbes' rich list. On the real-time ranking by Forbes magazine, the chairman and MD of Reliance Industries Limited (RIL) surpassed ace American investor Warren Buffet's net worth after his conglomerate's market cap surpassed Rs 13 lakh crore. Read more
Reliance Industries surges past Rs 2,000 per share for the first time
On Wednesday, shares of Reliance Industries Limited (RIL) rose past the Rs 2,000-mark to a new all-time high of Rs 2,001 apiece. It was one of the most active stocks on NSE for the day. Its market cap has now surpassed the Rs 13 lakh crore, the highest for any company listed on the Indian stock exchanges. Read more
Govt rules for work-from-home for IT, BPO companies extended till Dec 31
On Tuesday, the government extended connectivity norms for work-from-home amid COVID-19 concerns for Information Technology and BPO companies till 31 December 2020 from 31 July earlier. Read more
Debt-ridden Jet Airways gets two bids a year after claiming bankruptcy
Almost a month after shortlisting four potential bidders, debt-ridden Jet Airways has finally got two bids who had submitted their proposal to acquire stakes in the bankrupt airline. The two bids were submitted on the final on July 21 -- last day of the deadline. Read more
OnePlus Nord officially launched for Rs. 24,999 in India; worth the hype?
After months of leaks and speculations, OnePlus has drawn the curtain off of the OnePlus Nord, the latest mid-range 5G smartphone with OxygenOS software experience based on Android 10 OS. The software experience is one of the key features of the OnePlus Nord and it does offer best-in-class hardware as well. Read more
7 Indian apps that can help you get over TikTok
Missing the entertainment value and variety of options of TikTok, which has now been banned in India? Well, here’s your chance to get over it by choosing any one of these Made In India options.
Already used any of these apps? Share your experience below... Read more
India's top fitness and wellbeing startup Cure.fit expands to the U.S.
Indian fitness and wellbeing startup Cure.fit, which has established a market leading position in the country in four years of its existence, is ready to stretch to a new geography. Read more
Air India cuts employee allowance by up to 50%, revised allowances effective April 1
As per an office order of Air India, the national flight carrier will be cutting employee allowances by 20 per cent to 50 per cent. The revised allowances, as per the company, will be effective from April 1, 2020. The order also states that flying allowances are to be paid to pilots as per the actual flying hours clocked in a month. Read more
Ethiopian Airline 777F Freighter aircraft catches fire at Shanghai Pudong international airport
An Ethiopian Airline 777F freighter aircraft caught on fire at the Shanghai Pudong International Airport on Wednesday. Evident from a few videos that were shared on Chinese social media, the fire looks to have originated from the main cargo deck and has burnt through the upper fuselage. Read more
6 alternatives to fixed deposits amid falling interest rates
The coronavirus outbreak and subsequent movement restrictions have added pressure to an already ailing Indian economy. As economists project a contraction in the GDP (gross domestic product) for the current financial year, the Reserve Bank of India (RBI) will continue to keep repo rates lower, until economic growth gathers pace. Read more
HCL Technologies to increase its fresher headcount by 15000; more than last year
Even as there has been headwinds for the IT sector, HCL Technologies for the current financial year is going to increase its fresher headcount by 15000 due to robust demand as well as a strong pipeline of project.
This is an increase by 6000 in comparison to last year's headcount surge. Read more
Work from home’s cybersecurity scares one should be careful of
COVID-19 has disrupted all domains of our lives. All of us have been stuck in our homes for more than three months now. Owing to the uncertainty and helplessness that we are feeling, our mental health has gone for a toss. Read more
COVID struck IndiGo Airlines to lay off 10% of its employees, rest take to backdoor removals
IndiGo - the biggest private airline in India will be formally laying off 10 per cent of its employees in a bid to offset the decline in its revenues after being struck by the COVID pandemic, and resultant lockdown in the country. Read more
Hyundai Venue with iMT transmission launched at Rs 10 Lakh in India, Sport Trim at Rs 10.20 Lakh
Hyundai Motor India Ltd. (HMIL) has launched the intelligent Manual Transmission (iMT) on the SX and SX(O) trim of the Venue compact SUV. The SX trim with the new transmission comes in at Rs 10 lakh (ex-showroom), while the SX(O) is priced at Rs 11.08 lakh (ex-showroom). The iMT essentially allows the driver of the vehicle to have two-pedal, clutch-less driving experience. Read more
Gold price rises to all-time high, nears Rs 50,000 per 10 grams
As economic uncertainty continues in the wake of the rising number of coronavirus cases, gold futures on the Multi-Commodity Exchange (MCX) on Wednesday, 22 July, touched a new high and neared the Rs 50,000 per 10 gram-mark. Read more