Scheme with ₹41,600 crore corpus was to help MSMEs. The Centre has expanded its credit guarantee scheme for micro, small and medium enterprises (MSMEs) to cover loans given to larger
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COVID-19 Kindles Corporate Debt Default Surge\u00a0
Corporate debt defaults in the first half of 2020 already surpassed the total number of defaults reported in all of last year. In the second quarter, 54 defaults occurred, nearly
Continue reading »Fiscal deficit touches 83% of full-year target
FY21 fiscal deficit may go as high as 8% of GDP The Centre’s fiscal deficit for the first three months of fiscal 2020-21 was ₹6.62 lakh crore, which is 83%
Continue reading »European Economics Preview: Eurozone GDP Data Due
Quarterly national accounts from Eurozone and other major economies are due on Friday, headlining a hectic day for the European economic news. At 1.30 am ET, France statistical office Insee
Continue reading »Convicted felon with family mob ties accused of defrauding investors
Federal officials say a convicted felon with mob ties and his wife fraudulently raised more than half a billion dollars from investors for their company, which loaned cash to small
Continue reading »Amazon’s sales and profits soar as lockdowns keep shoppers online
Amazon reported blowout sales and profits on Thursday as coronavirus lockdowns kept shoppers buying everything from diapers to groceries on the web. The Seattle-based e-tailing giant — whose billionaire boss Jeff
Continue reading »Clorox tops corporate reputation ranking as demand soars over COVID-19
Clorox developed a better reputation than any other big American company as consumers depended on its disinfectants to ward off the coronavirus, a new survey shows. Americans’ trust in the
Continue reading »Charts Suggest It's Time to Buy Into Emerging Markets
In addition to precious metals, active traders over the past several weeks have been predominately focused on North American technology and health care companies. As investors continue to look for
Continue reading »Activision Blizzard Earnings: What to Look For
Key Takeaways Analysts expect adjusted EPS of $0.66 vs. $0.53 in Q2 2019. Monthly Active Users (MAU) may increase for the third consecutive quarter. COVID-19 expected to cause biggest revenue
Continue reading »How restaurants can rebuild from coronavirus: ‘Bar Rescue’ host Jon Taffer
Jon Taffer offering free online training course to help restaurants rebuild from COVID-19 pandemic ‘Bar Rescue’ host Jon Taffer wants to help restaurants have the resources to reopen when it’s
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