News for nerds
India’s industrial production contracted by 3.6 per cent in February, official data showed on Monday. According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output declined by 3.7 per cent in Read more
The share price of Dr Reddy’s Laboratories rallied over 4 per cent on Monday after an expert panel of India’s central drug authority recommended granting approval to Russian COVID-19 vaccine Sputnik V for emergency use in the country with certain Read more
Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, citing people familiar with the matter. The deal has been approved by Uber’s board and could be announced Read more
Britain will offer its largest ever expansion of traineeships, its finance ministry said on Sunday, ahead of a highly-anticipated update due later in the week on the government’s support for the economy through the coronavirus crisis. Finance minister Rishi Sunak Read more
Britain and the European Union need to make progress on EU financial market access given that the coronavirus crisis will make it even harder to cope with potential disruption if there is no agreement, banking lobby AFME said on Monday. Read more
After surpassing Toyota Motor Corp as the world’s most valuable automaker and stunning with forecast-beating deliveries, Tesla Inc has taken time out to poke fun at the company’s naysayers – with sales of red satin shorts. “Limited edition short shorts Read more
Berkshire Hathaway Inc (BRKa.N) said its energy unit will buy Dominion Energy Inc’s (D.N) natural gas transmission and storage network for $4 billion, helping billionaire Chairman Warren Buffett reduce his conglomerate’s cash pile while letting Dominion focus on utilities operations. Read more