Day: July 13, 2020

Oil Drops on Signs OPEC+ Preparing to Taper Production Cutbacks

(Bloomberg) — Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world.

Futures in New York fell below $40 a barrel. The producer bloc will review the state of the market at an online meeting on Wednesday amid expectations it will soon begin unwinding the output curbs that have helped haul oil back from its plunge in April. Russia’s top oil companies are preparing to increase output next month in the absence of other guidance

$5 trillion economy dream still on: Piyush Goyal says India may have lost time, but not spirit

In the past few weeks, Prime Minister Modi has raised his pitch for making India self-reliant and has also asked industry to cut down on exports on numerous occasions. (Credit: ANI)

Prime Minister Narendra Modi’s dream to make India a $5 trillion economy is still possible even while coronavirus has thrown progress off track, Union Minister of Commerce & Industry and Railways, Piyush Goyal, said at an event on Monday. “We may have lost some time, but not lost spirit. India can still become a $5 trillion economy. We will take collective effort,” Piyush Goyal said at Bombay Chamber’s

BSE sees more listings ahead on its Startups platform; partners with IIT Alumni Council to ease process

BSE Startups platform has five startups listed so far with a market cap of Rs 82.71 crore.

Startups looking to raise capital from venture capital (VC) and private equity (PE) investors to fuel their growth may now find listing as an attractive alternative route to secure capital. BSE on Monday announced signing a memorandum of understanding (MoU) with IIT Alumni Council to encourage listing culture among startups and develop a ‘high investor depth’ startups platform. The council, which is a global body of IIT alumni, students and faculty across 23 IITs, will work towards bringing in transparency, governance improvement, market