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SBI touts strong 'immunity' as profit surges in pandemic.
State Bank of India (SBI) posted a sharp increase in net profit and provided a steady outlook for the coming quarters, even as the coronavirus crisis ravages the country’s economy. SBI’s results come as Indian lenders brace for a flood of potential loan defaults, with many small businesses finding it hard to operate as the pandemic crushes demand. The lender reported an 81% surge in profit ...
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Iran struggles to buy food in a world wary of touching its money.
Iran, creaking under the impact of U.S. sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is scrambling to buy food and medicine to avoid a supply crunch.Despite such supplies being exempt from sanctions, banks and governments are reluctant to transfer or take Iranian money because they fear unwittingly breaching the complex U.S. restrictions, according to five trade and...
5paisa.com launches multi-lingual stock markets app to help regional investors
Discount broker 5paisa.com launched multi-lingual stock markets app, as part of its efforts to provide opportunities to regional investors across the country. 5paisa.com offers the investing app in Hindi, Marathi and Guajarati besides English as of now, and will launch Tamil, Telugu, Kannada, Malaya ...
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Pfizer, BioNTech to supply 120 million doses of coronavirus vaccine to Japan.
Pfizer Inc and BioNTech SE have agreed to supply Japan with 120 million doses of their experimental coronavirus vaccine in the first half of 2021, the companies said. The companies did not disclose the financial details of the agreement, but said terms were based on the volume of ...
Cybercriminals have resources to take on large organizations.
Millions of people across India have been working from home ever since the covid-19 outbreak, using Wi-Fi networks and devices that may not be fully secure. This has widened the attack surface, resulting in an increase in cases of cyberattacks. After the cyberattack on Cognizant, several organisations, including Indiabulls Group and National Highways Authority of India (NHAI), . ...
SPORTS
Pinterest beats revenue estimates as users surge during lockdowns.
Image sharing company Pinterest Inc beat Wall Street estimates for second-quarter revenue on Friday, as more users turned to its platform for content to keep them entertained while under coronavirus lockdowns.The company, which calls its users “Pinners”, said monthly active users jumped 39% to 416 million during the quarter, beating estimates of 372.7 million, according to ...
ENTERTAINMENT
GLOBAL PANORAMA
Taking on SpaceX, Amazon to invest $10 billion in satellite broadband plan.
Amazon announced that it will invest more than $10 billion to build a network of 3,236 satellites that will provide high-speed broadband Internet services to people around the world who lack such access. The announcement follows the Federal Communications Commission’s (FCC) approval of ...
Oil on track for monthly gain as dollar weakness supports.
Oil prices rose and were on track for monthly gains, benefiting from news that U.S. oil output cuts in May were the largest on record. Brent crude settled up 37 cents, or 0.9%, at $43.31 a barrel.
U.S. crude was up 35 cents, or 0.9%, at $40.27 after dropping 3.3% in the previous session, also off lows not seen since July 10. Brent crude posted a fourth month of gains and U.S. crude posted ...
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