Top 12 finance news today, June 26, 2020

Here’s a roundup of the big developments in the financial world today:

Sensex, Nifty gain by about one per cent each; Infosys overtakes HDFC in terms of market value

Domestic benchmark indices ended its two-day losing streak by closing in green on Friday as Sensex inched up by 0.94 per cent or 329.17 points to settle at 35,171.27 while Nifty gained by 0.91 per cent or 94.10 points to reach the level of 10,383. Read more

Ban on international flights extended till July 15, govt to allow operations on selected routes

DGCA has announced that the ban on scheduled international passenger flights will be extended till July 15, 2020. The civil aviation ministry also stated that a few scheduled international flights will be exempted for certain routes on case to case basis. Read more

Is Reliance really net debt-free? Maybe not

Reliance Industries Limited issued a press release recently, highlighting the amount of investments raised by it during the lockdown and how it has helped it to achieve its goal of becoming a net debt-free company.  Read more

Gmail users, watch out! Windows 10 mail is deleting your emails & Microsoft doesn't have a fix

If you are a Gmail user, using a Windows 10 computing device and using Microsoft’s Mail application to manage your Gmail account, you are in for serious trouble. It turns out that Microsoft’s never-ending stream of broken Windows 10 updates continues, and this time around, it is the Mail app which gains these rather unwelcome powers of somehow deleting your emails as it pleases or sending them to spam. The worrying thing is, once the Windows 10 Mail app makes these unpromoted changes all on its own, the same emails also get deleted from the Gmail web interface. Read more

Coronavirus legacy will be weak global inflation: economists

The coronavirus pandemic is more likely to leave a legacy of weak or falling prices for goods and services than to trigger higher global inflation, according to a majority of over 160 economists polled by Reuters. Read more

Petrol, diesel prices rise for 20th day, cross Rs 80 in Delhi

As prices rose for the 20th consecutive day, petrol and diesel prices reached Rs 80.13/litre (increase by 0.21) and Rs 80.19/litre (increase by Rs 0.17), respectively in Delhi on Friday. Only on Wednesday, the petrol price was not increased by the OMCs. Read more

Yes Bank: CBI files charge sheet, Rana Kapoor, Wadhawans named

The Central Bureau of Investigation (CBI) filed a charge sheet against Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance promoters and others in the Rs 3,700 crore fraud case, said an official, on Thursday, 25 June. Read more

RBI Governor briefs Central Board about impact of monetary steps taken to deal with COVID-19

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday briefed the board members about the impact of the various monetary and regulatory measures taken by the central bank to deal with the COVID-19 crisis. Read more

2 Indian cities among top 40 world's most favourable startup ecosystems

On Thursday, two Indian cities made it to the top 40 of the world's most favourable ecosystems to build a globally successful startup. Read more

Xiaomi puts 'Made in India' banners to cover branding at stores

New Delhi, Jun 26 (PTI) Chinese handset maker Xiaomi has begun covering its retail store branding with 'Made in India' logo in white colour amid fears of vandalism at outlets in the backdrop of the Sino-India border tension, the All India Mobile Retailers Association (AIMRA) said. Read more

Boycott call: 7 things to do to be self-reliant & hurt China

The flare-up at the India-China border that led to soldiers, from both sides, being killed and the continuing grandstanding by the two Asian nuclear giants has led to a clarion call in India to boycott Chinese products. Read more

Google meet video calls can now have 49 people, custom backgrounds and calls from Nest

Google has fired its latest salvo at Zoom by throwing on a bunch of new features for Google Meet. These new features in Google Meet include 49 participants in one video call for free/non-enterprise users, customisable backgrounds, 100-people video calls for Google Nest users and a number of additions from rivals, including 'raise hand', polling and better moderator controls. On this note, here's looking at the highlight of everything that's coming new to Google Meet. Read more

IMF warns markets could suffer second swoon if coronavirus spreads more widely

Markets for stocks and other risky assets could suffer a second swoon if the coronavirus spreads more widely, lockdowns are reimposed or trade tensions surge again, the International Monetary Fund warned on Thursday. Read more