Coal India share price jumps 8% after PM launches auction process of coal blocks !!

Shares of Coal India jumped almost 8 percent in intraday trade on BSE on June 18 after the Prime Minister Narendra Modi on Thursday launched the auction process for 41 coal blocks for commercial mining. The government’s move will open India’s coal sector for private players and termed as a major step in the direction of India achieving self-reliance. As per a PTI report, the Prime Minister said the launch of the auction process not only marks the beginning of unlocking of the country’s coal sector from the “lockdown of…

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Momentum plays: 5 stocks that could give over 10% return in 1-3 months !!

Bombay: Markets have been volatile for the last few days, and June 17 was no different with 100 points swing on either side. Nifty finally settled at 9,881 down by 0.33% for the day. Broader market indices, BSE Midcap and Smallcap, outperformed benchmark indices with a gain of 0.32% and 0.71%, respectively, for the day. The market breadth on NSE was in favour of bulls with an advance-decline ratio of 5:4. Nifty witnessed reversal from its 100-Day moving average (DMA) at 10,327, and Friday’s gap opening found support at 9,544…

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Thousands Petition Zoom Over End-To-End Encryption On Calls !!

  Mozilla and the Electronic Freedom Foundation (EFF) have presented an open letter to Zoom after it said it would require customers to pay for end-to-end encryption. The letter, signed by over 19,000 internet users, says that “best-in-class security should not be something that only the wealthy or businesses can afford.” The video conferencing software saw use boom during the Covid-19 pandemic, as did other video calling applications such as Microsoft Teams and Houseparty. However, comments from its CEO Eric Yuan that the company would not encrypt that conversations for…

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Walmart Partners With Shopify to Expand E-Commerce ‘Marketplace’ !!

Walmart said Monday it was teaming up with e-commerce platform Shopify to expand its online marketplace in a ramped-up challenge to Amazon for third-party sellers. The deal allows the estimated one million US businesses using Shopify’s platform to sell on Walmart.com without using any listing fees. “As we launch this integration with Shopify, we are focused on US-based small and medium businesses whose assortment complements ours and have a track record of exceeding customers’ expectations,” said Jeff Clementz, vice president of Walamart Marketplace. “We’re excited to be able offer customers an expanded…

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8 Marketing Metrics to Focus on in 2020 !!

Tracking your key marketing metrics is essential to running an accountable, effective marketing program. If you’re not measuring your performance, how can you know you’re on the right track? But then, extending from this, you also need to know what the right metrics are, in alignment with your broader business goals.  Are you keeping tabs on the right stats? What are the right data points to measure for your business? These days, there’s a heap of performance that measures you can keep tabs on, but in this post, I want to…

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UP MSMEs Flag Loopholes in Skill Mapping Database of Migrants !!

Lucknow: Micro, Small and Medium Enterprises (MSMEs) in UP have flagged a number of loopholes in the skill mapping database of migrants received from the government, complaining of “improper” data collection characterised by mismatch of skills, workers, and incorrect contact information, which they said posed a challenge for matching labour needs of firms with workers willing to be employed. They also said a lot of migrants who were called were not interested in working in industries. A centralised list has been given to the MSMEs that will address their issues,…

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Factory output shrinks 55.5% in April; Full retail inflation data not out !!

New Delhi: India’s industrial production shrank by a record of 55.5% in April from the year earlier with manufacturing crashing 64.3%, as computed from data released by the government, which didn’t provide a number for the change from April 2019 because of the Covid-19 lockdown. The ministry of statistics & programme implementation also withheld the headline retail inflation figure for May but official data showed retail food inflation rose 9.28% on year last month. It had also withheld the headline inflation number for April on the grounds that the data…

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RBI proposes upper age limit of 70 years for CEOs, whole-time directors of banks !!

MUMBAI: The RBI has proposed an upper age limit of 70 years for CEOs and whole-time directors of banks and a maximum term of 10 years for those belonging to the promoter group, as part of the exercise to improve governance in the banking sector. The discussion paper released by the Reserve Bank of India (RBI) on Thursday said that chief executive officers (CEOs) and whole time directors (WTDs) belonging to the promoter group should pass on the managerial leadership to professionals after 10 years .. “The upper age limit for…

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SBI moves NCLT to recover Rs 1.2k-cr Reliance Communications loans from Anil Ambani !!

New Delhi: State Bank of India (SBINSE -3.13 Per cent) moved the insolvency court to recover more than Rs 1,200 crore from Anil Ambani under the personal guarantee clause of the bankruptcy law. It said Ambani had personally guaranteed loans taken by Reliance Communications NSE -5.00  Per cent, currently undergoing insolvency proceedings, which the state-owned lender is trying to recover. SBI moved the National Company Law Tribunal (NCLT) under Section 97(3) of Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to nominate a resolution professional…

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Dutch companies have long term India plans; Holland looking at diversifying supply chains: Envoy ……

New Delhi: Dutch companies in India, some of whom are present here for decades, are planning long-term and Holland is looking to diversify its supply chains, according to Netherlands Ambassador to India Marten van den Berg. “Holland and Dutch companies are planning to diversify their supply chains and India presents an opportunity,” van den Berg told ET in an exclusive interaction amid the global debate on shifting out supply chains from China. Some of Dutch companies including Phillips and Shell are present in India for decades and are planning a…

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