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Tags : "Companies"

Social media companies seek to separate legitimate COVID-19 questions from

Torontonians Mitchell Moffit and Greg Brown recognized a necessity for science-based info on social media lengthy earlier than the pandemic hit. For the previous 12 months, although, their function as influencers has given them a front-row seat to the misunderstandings, rumours and conspiracy theories spreading on-line in regards to the coronavirus. “A lot of people […]Read More

Some companies will make big money off their COVID-19 vaccines

While the event of a COVID-19 vaccine could generate billions of {dollars} for some pharmaceutical companies such as Pfizer, considerations over accusations of exploiting the pandemic will doubtless mood income, consultants recommend.  “It doesn’t really make sense to profit from this pandemic,” mentioned Tinglong Dai, affiliate professor of operations administration and enterprise analytics at Johns Hopkins University Carey Business School in Baltimore. […]Read More

2 shadowy Canadian companies flagged by banks for millions received

Off the coast of Mauritania in northwest Africa, thick black smoke billowed from a massive fishing trawler, trapping the crew on a vessel operated by a Canadian shell company. It was July 19, 2019, and the Ivan Golubets, an imposing vessel comparable to the size of a soccer field, was fishing in the resource-rich waters […]Read More

States ping banks, payment companies to adopt contactless solutions

Mumbai: Across India, state transport authorities are inviting banks, fintech companies, card networks and payment service providers to replace their traditional ticketing systems with contactless solutions. The move is aimed at aligning with the latest social distancing and hygiene norms in light of the Covid-19 outbreak. Uttar Pradesh, Gujarat and Rajasthan transport bodies have issued […]Read More

Lok Sabha passes companies law bill to decriminalise various offences,

Lok Sabha passed the companies law amendment bill on Saturday, which proposed 72 changes to the Companies Act, 2013 to decriminalise and reduce or remove penalties of various offences, aimed at improving the ease of doing business. “There are 48 sections we have amended to decriminalise them and 17 sections have been amended to improve […]Read More

Mix and match digital with good IT companies: Sunil Singhania

It is unfair to call a double digit growing sector expensive if it starts to trade at 18-20 PE multiples while a whole host of consumer companies growing at 5-7% and which are trading at 70-80 PE multiples are considered quality, says the Founder, Abakkus Asset Manager. Let’s start with Sunil Singhania the market timer. […]Read More

SFIO completed investigations against 361 companies last fiscal: Government

NEW DELHI: The Serious Fraud Investigation Office (SFIO) completed probes in 12 cases involving 361 companies in the last financial year. In 2018-19 also, the probe agency completed investigations in 12 cases but the number of companies involved were just 83, as per data provided by the corporate affairs ministry to the Rajya Sabha on […]Read More

NASA says it will buy moon rocks and dirt from

NASA on Thursday launched an effort to pay companies to mine resources on the moon, announcing it would buy from them rocks, dirt and other lunar materials as the U.S. space agency seeks to spur private extraction of coveted off-world resources for its use. NASA Administrator Jim Bridenstine wrote in a blog post accompanying the […]Read More

Two-thirds of Crisil-rated companies eligible for one-time loan recast

MUMBAI: Domestic rating agency Crisil on Thursday said close to two– thirds of its rated entities would be eligible for one– time loan restructuring based on the proposed norms by K V Kamath Committee. Earlier this week, the Reserve Bank of India broadly accepted Kamath Committee recommendations. The panel specified five financial ratios and sector-specific […]Read More

SBI, asset reconstruction companies fear RBI’s stance may block many

Mumbai: Reserve Bank of India has asked asset reconstruction companies to submit plans of bankrupt companies where they are acting as resolution applicants, leaving them worried about their role in such cases and concerned over erosion in the value of assets they intend to acquire. “You are advised to inform us whether your company is […]Read More