Day: July 8, 2020

HSBC Slumps as U.S. Weighs Moves to Punish Hong Kong Banks

(Bloomberg) — HSBC Holdings Plc, which draws more than two-thirds of its pretax income from Hong Kong, slumped as advisers to U.S. President Donald Trump discussed a potential move to punish banks in the city and destabilize the currency peg to the dollar.

Europe’s largest financial institution was named as a potential target, Bloomberg News reported, citing people familiar with the matter. U.S. Secretary of State Michael Pompeo last month singled out Peter Wong, the bank’s Asia-Pacific chief executive officer, for signing a petition supporting “Beijing’s disastrous decision to destroy Hong Kong’s autonomy.”

“Disruption to the currency peg and dollar

Cabinet briefing LIVE: Agri Minister Narendra Tomar details out extension of Modi’s Garib Kalyan Ann Yojana

Last month, PM Modi said that the free ration scheme to benefit 80 crore needy people of India will be extended in the wake of increased demand for food amid the festive season.

Cabinet briefing LIVE: Minister of Information and Broadcasting Prakash Javdekar and Agriculture Minister Narendra Singh Tomar will soon address a press conference. It is expected that Prakash Javadekar will announce the cabinet decision on Prime Minister Narendra Modi’s decision of extending Pradhan Mantri Garib Kalyan Ann Yojana till November. Last month, PM Modi said that the free ration scheme to benefit 80 crore needy people of

BSNL now offering Rs 499 broadband plan with 100GB data, unlimited free calls; here are all the details

The plan was announced by the company on its Chennai circular website where it also mentioned barring some left out jurisdictions, the new plan will be available across the country.

Bracing up for competition with its private counterparts, state run telecom company BSNL has launched a new broadband internet plan with 100 GB of internet data available in just Rs 499 for a period of 30 months. The new CUL broadband monthly plan is available in almost all the BSNL jurisdictions except in Andaman and Nicobar, Rajasthan, West Bengal, and Kerala. Unlike many other special plans being provided by the