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Asia shares make cautious gains, investors eye China PMI

SYDNEY (Reuters) – Asian share markets managed a tentative rally on Tuesday after European and U.S. equities stabilised, though buying for month and quarter-end book balancing likely flattered the gains. FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus disease (COVID-19), look at a stock …

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Rio Tinto to scale back New Zealand aluminium smelter due to virus

FILE PHOTO: The Rio Tinto mining company’s logo is photographed at their annual general meeting in Sydney, Australia, May 4, 2017. REUTERS/Jason ReedMELBOURNE (Reuters) – Rio Tinto Ltd (RIO.AX) (RIO.L) said on Tuesday its Tiwai smelter in New Zealand will scale back some operations to ensure the health and …

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Samsung says chip factory worker tests positive for virus, output not affected

FILE PHOTO: Attendees at Samsung Electronics Co Ltd’s Unpacked event test out the company’s new devices in in San Francisco, California, U.S., February 20, 2019 REUTERS/Stephen NellisSEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said on Tuesday that one of its chip factory workers in South Korea had tested positive …

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Mistry group seeks to raise up to $1 billion pledging Tata Sons stake


The Shapoorji Pallonji Group, controlled by billionaire Pallonji Mistry and his family, is in preliminary discussions to borrow as much as $1 billion to repay maturing debt using part of its stake in Tata Sons as collateral, said people with knowledge of the matter.


Mistry, whose son Cyrus was ousted as …

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We are not going to retrench anybody: Viacom 18 Media CEO Sudhanshu Vats


The Rs 3,667-crore Viacom18 has had a great 2019. Its broadcast (Colors, MTV, Nickelodeon etc), film (Padmavat Andhadhun, et al) and digital (Voot) businesses were in good shape till the corona crisis hit. As everything comes to a screeching halt, Sudhanshu Vats, group CEO and managing director, talks to Vanita Kohli-Khandekar …

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Johnson & Johnson Announced Lead Vaccine Candidate For COVID-19

Johnson & Johnson announced the selection of a lead COVID-19 vaccine candidate from constructs it has been working on since January 2020; the significant expansion of the existing partnership between the Janssen Pharmaceutical Companies of Johnson & Johnson and the Biomedical Advanced Research and Development Authority (BARDA); and the rapid scaling of the …

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Mankind Pharma Pledge To Contribute Rs 51 Crore For Covid-19 Relief Fund

With growing number of COVID- 19 cases in India,Mankind Pharma, joins the fight by donating Rs 51 crore to CM Relief fund to manage this disaster. Mankind will be donating ventilators, Personal protective equipment (PPE) and Medicines to the states reporting maximum number of positive cases. Mankind Pharma will be working …

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Auto Companies Lend A Helping Hand During Covid-19 Crisis

The Automobile industry today is one of the worst-hit industries, with manufacturing shut because of Corona Virus Lockdowns, component sourcing issues and BS4 to BS6 switch. Gloomy situation it might be but the industry is not backing down. Major Indian Carmakers have come forward and making Protective Face masks, Ventilators …

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Carbon-free hydrogen production needs multi-billion dollar subsidies to make it cost effective: research

FRANKFURT: The falling cost of producing hydrogen from renewable power offers a promising route to cutting emissions, but governments need to step in and provide $150 billion of subsidies over the next decade to scale up the technology, according to research from Bloomberg New Energy Finance (BNEF).
Renewable hydrogen can be …

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