Don’t miss the latest developments in business and finance.

LIVE: India, China going through unprecedented situation, says Jaishankar

Several farmers in parts of Punjab on Thursday started a three-day 'rail roko' agitation against the Centre's farm Bills. Stay tuned for Latest LIVE news

BS Web Team New Delhi
S Jaishankar
File Photo of external affairs minister S Jaishankar

2 min read Last Updated : Sep 25 2020 | 1:58 AM IST

Key Events

1:58 AM

ECB plots Amazon-style market to prevent Wall Street Covid debt swoop

Europe is working on an Amazon-style website to sell hundreds of billions of euros of bank loans which have been soured by the coronavirus crisis, in a bid to shore up the economy and challenge the dominance of big Wall Street debt investors.
 
The blueprint, devised by top European Central Bank (ECB) officials, is part of efforts by the 19-state euro zone to tackle a growing pile of unpaid loans and aims to prevent “distressed debt” funds from buying them at rock bottom prices.
 
“The idea is to open up the market to buyers of smaller portfolios, with an Amazon or eBay-style marketplace, where you can browse ... That can get the market moving," Edward O'Brien, a senior ECB official involved in the plan, told Reuters.

1:57 AM

Onion shipments handed over to customs before export ban could be released: MEA

1:45 AM

Kerala wins UN award on prevention, control of non-communicable diseases

12:01 AM

Steady rise in heavy rainfall events during 3 last years: Harsh Vardhan

11:38 PM

Amazon launches cloud-based video game service

11:35 PM

China says 'package solution' needed for UNSC expansion due to vast differences

11:34 PM

Modi, Rajapaksa to review broad framework of Indo-Lanka ties on Saturday: MEA

11:34 PM

Rashtriya Kisan Manch says farm Bills will benefit farmers, opposes bandh call

11:34 PM

Onion shipments handed over to customs before export ban could be released: MEA


10:51 PM

Farmers will be able to sell produce at any price they want: Narendra Singh Tomar

10:49 PM

Tech stocks lift Wall Street as economic rebound slows

Wall Street climbed in choppy trading on Thursday, with investors returning to the perceived safety of technology-related stocks as a surprise rise in weekly jobless claims signaled a slowdown in economic growth.
 
Nine of the 11 major S&P indexes were trading higher, with information technology leading gains.
 
Apple Inc, Amazon.com Inc, Netflix Inc, Nvidia Corp and Facebook Inc, which have outperformed at a time of increased economic uncertainty, rose between 0.5 per cent and 2.7 per cent.
 
"Investors are going to be needing stocks that can weather a lower growth path because if we don't get another round of fiscal stimulus, there's not going to be a lot more we can do to continue boosting the economic recovery," said Max Gokhman, capital markets strategist at Pacific Life Fund Advisors.

10:49 PM

Govt will not abandon any development project over fear of allegations: Kerala CM

Kerala Chief Minister Pinarayi Vijayan on Thursday said that the state government will not abandon any development project benefitting people, for the fear of allegations.
 
"Kerala CM Pinarayi Vijayan today said that the government will not abandon any development project that benefits people for fear of allegations," as per the state government.

10:48 PM

Al-Qaida in Indian Subcontinent only capable of small-scale regional attacks: US official

10:41 PM

Death toll in building collapse in Punjab's Mohali rises to 4: Officials

10:41 PM

Goa reports 673 new Covid-19 cases, 7 more fatalities. Infection tally goes up to 30,552

Prime Minister Narendra Modi interacted with fitness experts and influencers from across the country to mark the one-year anniversary of Fit India Movement on Thursday. PM Modi launched the ‘Fit India Age Appropriate Fitness Protocols’ during the online Fit India Dialogue.
As many as 43 bridges built in border areas of Ladakh, Arunachal Pradesh, Sikkim, Himachal Pradesh, Uttarakhand, Punjab and Jammu & Kashmir will be dedicated to the nation by Defence Minister Rajnath Singh today.
 
Kisan Mazdoor Sangharsh Committee has announced a "rail roko" agitation from September 24 to September 26 to lodge their protest against the three agriculture ordinances passed by the Union Cabinet.
 
In another news, the Delhi High Court today will hear a plea by Delhi University teachers seeking direction to colleges affiliated to the varsity and fully funded by the AAP-led Delhi government to release their salaries pending for the last four months.
 
Meanwhile, the six-month suspension of insolvency and bankruptcy proceedings against companies comes to an end today and government sources have hinted that there could be another extension in view of the economic stress caused by the pandemic.

On the education front, the National Eligibility Test (NET) will be conducted today onward by the National Testing Agency (NTA).

Stay tuned for the latest news of the day.

Topics :Today Newstop news of the dayNET examNarendra Modi

First Published: Sep 24 2020 | 6:32 AM IST