Day: May 25, 2020

Lufthansa’s $9.8 Billion Bailout Bogged Down in EU Talks

(Bloomberg) — Germany’s 9 billion-euro ($9.8 billion) bailout of Deutsche Lufthansa AG has stalled on last-minute talks to ensure swift approval from the European Union, according to people familiar with the matter.

A timetable for the German government to sell an eventual stake in Lufthansa is one of the details that still needs to be ironed out, said one of the people, who asked not to be identified because the talks are confidential. Issues have also arisen about the pace of repaying the aid.

Lufthansa would face a three-year deadline for paying back the bailout package, implying a faster rate

Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy 

RBI realistically acknowledged that growth is expected to contract in FY21, while inflation is expected to remain elevated in the near term.

RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook. While the policy meeting got preponed unexpectedly by a fortnight, most of the measures announced were broadly in line with expectations ranging from 40bps cut in repo rate cut, extension of the moratorium by another 3 months, conversion of interest on working capital into a term loan to provide

Brand loyalty no more? Regional brands take larger pie in times of Covid


Limited manufacturing and supply chain hurdles during the lockdown have meant lower sales for the larger FMCG brands, while presenting an opportunity for local manufacturers.

Limited manufacturing and supply chain hurdles during the lockdown have meant lower sales for the larger FMCG brands, while presenting an opportunity for local manufacturers. With their preferred brands unavailable for purchase, consumers have been opting for smaller regional brands and private labels that have been plugging the supply gap.

According to a Nielsen India study, these regional brands have gained market share across categories including packaged rice and hand sanitisers. In modern trade, the