Day: May 4, 2020

Stocks Drop With Sentiment Fragile; Dollar Rises: Markets Wrap

(Bloomberg) — U.S. and European futures retreated along with stocks in Asia, indicating the risk-off move that’s hit markets at the start of this month may have further to run. The dollar climbed.

S&P 500 futures declined as much as 1.8% at one point after global stocks posted a more than 2% slide on Friday. European futures sunk more than 3%. Shares in Hong Kong saw the bulk of losses, with those in Seoul and Singapore also dropping. The Sydney market edged up after tumbling the previous session. China’s yuan maintained Friday’s slide amid concern tensions with the U.S. are

Record sales of fertilisers in lockdown period; govt ensures full availability before kharif sowing

The government has assured that the ministry is committed to ensuring the availability of fertilisers to the farmer community before sowing time. (Bloomberg image)

Even as nationwide lockdown has brought almost all sectors of the economy to a standstill, fertiliser sales have reached a record level during this period. The sale of fertilisers shot up by 45.1 per cent on-year in April 2020. Even in the first 22 days of April 2020, POP sale of fertilizers to farmers was 10.63 lakh MT which was 32 per cent higher than the last year sale of 8.02 lakh MT during the same

Reliance Jio raises Rs 5,656 crore from Silver Lake days after mega deal with Facebook

Silver Lake investment in Reliance Jio values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore

American private equity firm Silver Lake Partner will invest Rs 5,655.75 crore Jio Platforms, a wholly-owned subsidiary of Reliance Industries (RIL). The announcement comes days after the mega-deal of Reliance Jio with Facebook. The Silver Lake investment in Reliance Jio values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and is at a 12.5 per cent premium to the