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Cinemas have been shut for over four months now following the coronavirus pandemic. (File Photo: Reuters)
Airtel’s initiative with AWS will compete with Mukesh Ambani’s Reliance Jio Infocomm Ltd and Microsoft partnership
Airtel’s initiative with AWS will compete with Mukesh Ambani’s Reliance Jio Infocomm Ltd and Microsoft partnership

Airtel, Amazon Web Services sign pact to offer cloud solutions to businesses

  • The partnership will enable Airtel and AWS integrate their capabilities to offer customers cloud services at a large scale
  • Under the alliance, Airtel Cloud will build an AWS Cloud Practice supported by the latter’s expertise, and develop Airtel Cloud products leveraging AWS cloud solutions

IT services will continue to be the largest IT spending segment among governments in 2020 at $152.7 billion. (Photo: Bloomberg)
Hotstar rebranded itself to Disney+ Hotstar with the launch of the latter in the country this April.
As on 3 July 2019, PNB’s exposure to Reliance Home Finance was  ₹80 crore. (PTI)
The fall in the unemployment rate is largely attributed to a good monsoon and better sowing season in rural India.  (PTI)
The fall in the unemployment rate is largely attributed to a good monsoon and better sowing season in rural India. (PTI)

Joblessness at pre-covid level as India unlocks more

  • With coronavirus cases soaring in March, India went into a stringent lockdown beginning 25 March to curb infections, triggering misery and mass unemployment
  • The fall in the unemployment rate is largely attributed to a good monsoon and better sowing season in rural India

The immediate worry for BCCI is to find a company that can replace Vivo.mint
That makes the agent an adviser and builds a fiduciary (responsibility towards the client) relationship (REUTERS)
(Photo; Reuters)
Fresh project launches decreased significantly in the last few months as developers remained cautious (Photo: Mint)
Finance minister Nirmala Sitharaman. pti (MINT_PRINT)
Photo: Mint
Facebook's new ad campaign
Sashidhar Jagdishan had joined HDFC Bank in 1996
Photo: Bloomberg
Photo: Bloomberg
The holding company aims to use the proceeds to start new ventures in areas such as insurance and asset management, subject to RBI’s approval, Ghosh said. (Mint)
The holding company aims to use the proceeds to start new ventures in areas such as insurance and asset management, subject to RBI’s approval, Ghosh said. (Mint)

BlackRock, three others buy 10,600 crore of Bandhan Bank shares

  • The holding company aims to use the proceeds to start new ventures in areas such as insurance and asset management, subject to RBI’s approval, Ghosh said
  • Some of Bandhan Bank’s profitability metrics, including return on assets and return on equity, are the highest among Indian banks

Unless prices for generics increase significantly, that wouldn’t be economically viable. (Pradeep Gaur/Mint)
Unless prices for generics increase significantly, that wouldn’t be economically viable. (Pradeep Gaur/Mint)

The world’s one-time pharmacy now has a globalization headache

  • The generics business is one of extreme price pressures
  • Europe remains a manufacturing hub for more lucrative prescription medicines, and the most obvious answer might be to build more factories there

A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi. (REUTERS)
A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi. (REUTERS)

RBI board to meet on 14 August over dividend

  • The dividend from RBI will come at a time when the Centre’s finances are under severe strain
  • The government has budgeted 60,000 crore as dividends from RBI and state-run banks and financial institutions, according to the Union Budget 2020-21

Large NBFCs such as Shriram Transport Finance are relatively better off than the rest but may not be completely free of stress.mint
Large NBFCs such as Shriram Transport Finance are relatively better off than the rest but may not be completely free of stress.mint

Amid churn, non-banks explore consolidation option

  • InCred, an NBFC backed by global private equity firms, including Investcorp, is seeking a merger with wholesale NBFC biz of PE firm KKR
  • NBFCs such as Shriram Transport Finance, Mahindra and Mahindra Financial Services and PNB Housing Finance are relatively better off, but may not be free of stress

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