San Francisco:Pinterest has held talks to buy VSCO, a photography app that spawned a teenage social media craze, according to two people with knowledge of the matter. The discussions are ongoing, said the people, who…
COVID-19 caused huge demand destruction overseas: Bankers
KOLKATA: The COVID-19 pandemic has caused "demand destruction" in the overseas markets and it is likely to continue for the next few quarters, eminent bankers said on Saturday. The disruption will last for six to…
HDFC Bank’s deposits rise 25% to Rs 11,89,500…
Mumbai: Top private lender HDFC Bank on Saturday said its advances grew 21 per cent at the end of June, from a year ago, while deposits rose 25 per cent. In an exchange filing, the…
Unemployment is falling. But it may be short-lived:…
President Donald Trump speaks to journalists in the Brady Press Briefing Room at the White House July 2, 2020. The president addressed reports that the unemployment rate fell to 11.1%.Chip Somodevilla/Getty ImagesThe U.S. unemployment rate…
Fitch has downgraded a record number of sovereign…
Fitch Ratings has downgraded a record 33 sovereign ratings in the first half of this year — and the agency is not done yet as the coronavirus pandemic pummels government finances.James McCormack, Fitch's global head…
TikTok distances from Beijing in response to India…
NEW DELHI: Social media app TikTok distanced itself from Beijing after India banned 59 Chinese apps in the country, according to a correspondence seen by Reuters. In a letter to the Indian government dated June…
No relief for Mudra Shishu loan borrowers during…
KOLKATA:Mudra Shishu loan borrowers opting for moratorium on their existing debts would not get the 2% interest subvention under the Centre’s Covid-19 relief package before the expiry of the repayment holiday, the finance ministry said.…
8 tips from value investor Guy Spier for…
Zurich-based value investor Guy Spier says the secret of becoming a successful value investor lies in leading an ethically sound life by making morally correct investment decisions, which in turn would bring financial success. Spier…