Top 12 finance stories of the day

Managing director of Bajaj Auto Rajiv Bajaj speaks to Congress President Rahul Gandhi about the impact of COVID-19 on the economy. Vijay Mallya cannot be extradited till ‘further legal issue’ are resolved says UK. These 18 Indian companies are funded by Chinese investors...

Here are out top finance picks of the day.

Draconian Lockdown’: Rajiv Bajaj to Rahul on state of economy

In a conversation with Congress leader Rahul Gandhi, industrialist Rajiv Bajaj described India’s lockdown as “draconian” and implied that it lead to the economic fallout of the COVID-19 crisis. Read more

INX Media corruption case: SC rejects CBI's review plea against bail granted to P Chidamabaram

The Supreme Court has dismissed the plea filed by the CBI seeking review of its verdict granting bail to former finance minister P Chidambaram in the INX Media corruption case. Read more

A timeline of the crises that brought India’s $370 billion shadow banking sector to its knees

The Covid-19 outbreak and the ensuring lockdown has hurt almost all industries in India, but for the country’s $370 billion shadow banking sector, this might be the last nail in the coffin. Read more

Mallya can’t be extradited till ‘further legal issue’ resolved: UK

Businessman Vijay Mallya cannot be extradited from the United Kingdom till a ‘legal hurdle’ is cleared, a news report has revealed. Read more

Your view: Lockdown flattened COVID curve or GDP curve?

In conversation with Congress leader Rahul Gandhi, Managing Director of Bajaj Auto Rajiv Bajaj said that the lockdown in India was aimed at flattening the COVID-19 curve but it ended up flattening the growth (GDP) curve. Do you agree or disagree?

Not in favour of waiver of interest on loans, RBI tells SC

The Reserve Bank of India has told the Supreme Court that it is not in favour of waiving interests on loans during the lockdown period. Read more

Amazon in early-stage talks to buy $2 billion stake in Bharti Airtel: Report is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India's digital economy for US tech giants. Read more

These 18 Indian companies are funded by Chinese investors

Ever since the coronavirus pandemic, which originated in Wuhan in China, gripped the world, there is a major global movement to ban China-made products and services. There is also a growing need for India to reply on itself as proposed by the ‘Atma Nirbhar Bharat’ initiative of the Modi government which encourages Indians to produce and use ‘Make In India’ products. However, in the last 5-10 years, India has become a start-up hub and many of these start-ups, founded by Indians, are actually funded in part or fully by big Chinese investors. Read more

Best-selling cars in India in May 2020: Auto industry witnesses major reshuffling post lockdown

The Indian government relaxed a number of lockdown regulations across the country in mid-May. This allowed vehicle manufacturers to restart production and sales operations in India after a gap of almost two months. Read more

These group companies made a run up of over 100% since March 23 lows

Ever since the lows struck amid Covid 19 pandemic on March 23, billionaire groups have come out all recouping huge gains of over 100%. And the frontrunner in the run up has been the Reliance Group companies. Read more

Top 10 Indian universities in Times Asia University rankings 2020

The Time Higher Education (THE) has released THE Asia University Rankings 2020. China's Tsinghua University continues to hold first place. The country is also home to the top two universities for the first time this year. Japan is the most represented nation in the rankings with a total of 110 universities out of around 500. Read more

PF withdrawal claim being delayed: This is what EPFO asks of you

In case if you had applied for PF withdrawal claim, the provident fund organization EPFO has asked to apply through the Covid 19 facility as then it is processed automatically in 72 hours time. Read more

International air travel once situation normalises: Civil Aviation Minister

Even as the sky has been opened up for domestic flights, the resumption of international flights might take place when situation normalises, said Hardeep Singh Puri, Civil Aviation Minister. Read more