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Tech companies in no hurry to return to office
Goldman Sachs, which has a 5,500-people strong technology and services centre in Bengaluru, expects to have only about 30% of its staff working from its office over the next few months.
SoftBank to expand Vision Fund cuts to as many as 80 workers
SoftBank’s businesses were battered early this year with the coronavirus outbrea...
Five custodian banks alert Sebi on FPI licence renewal
A fund whose registration is not renewed is disallowed from taking fresh positions.
Offshore funds dump blue chips as Covid-19 fears plague investors
Stoppage of fresh inflows on worries of recession are forcing foreign funds to liquidate holdings.
Morgan Stanley, Goldman declare global recession is under way
Morgan Stanley’s team said a worldwide recession is now its “base case.”
'D' word rears head as coronavirus-hit markets brace for recession
Strategists said that the market's recent volatility was coming at "a frequency previously seen only in the Great Financial Crisis and the Great Depression."
FPIs seeking compliance relaxation from custodians
Local custodians have received requests seeking compliance relaxations for FPI accounts as investors overseas are working from home.
SoftBank’s Vision Fund is planning to cut 10% of staff
The Vision Fund has struggled since WeWork botched its efforts to go public last year and SoftBank stepped in to bail the company out.
Yard sales! Market rout may force Indian tycoons to sell their crown jewels
The S&P BSE Sensex Index has declined 15% since setting a record high in January.
SoftBank’s Masa-Misra partnership strained by losses, infighting
Misra is at the heart of the problem in ways that go beyond how the fund’s companies are performing.
World economy faces tough journey back from crisis: Reports
IHS Markit said that it expects the world economy to shrink 5.5% this year, triple the damage it sustained in the 2008 financial crisis, and then struggle to regain traction.
Muthoot Finance raises $550 million via bonds
The proceeds of the issue will be used for towards lending, the company said in a release.
Asia looks to safer shores in US assets as virus spreads
Corporate earnings are increasingly under threat as US manufacturers, like many others, scramble for alternative sources as China's supply chains seize up.
Muthoot Finance to raise up to $550 million via offshore bonds
Surging gold price has strengthened the company's financials, which should help it gain investor confidence, dealers said.
Donald Trump asking justices to bar demands for taxes, bank records
President Donald Trump is hoping to persuade a Supreme Court with two of his appointees to keep his tax and other financial records from being turned over to lawmakers and a New York district attorney.