China's factory activity slows as virus adds to risks: Reuters poll : Bulletin: Business Today
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China's factory activity slows as virus adds to risks: Reuters poll

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January 29, 2020

Central Bank of India posts net profit of Rs 155 crore in December quarter
Central Bank of India  posted standalone net profit of Rs 155 crore during the quarter ended December 31, 2019. The state-run lender had posted a net loss of Rs 718 crore in the year-ago period. Total income for the December quarter this fiscal increased 15 per cent to Rs 7,278 crore, in comparison to Rs 6,329 crore.

Reliance Jio the largest telecom player by revenue and subscriber base, says Report
Reliance Jio is now the largest telecom player both in terms of revenue and market. Reliance Jio Infocomm Ltd has acquired subscribers at a great pace and become the largest player in terms of wireless subscriber market share, broadband subscriber base and revenue. According to an India Ratings report, Jio's subscriber base has massively increased in the last two years owing to a consistent decline in the subscriber base of Vodafone Idea Ltd.

China's January factory activity seen stalling as virus adds to risks: Reuters poll

Growth in China's sprawling manufacturing sector likely stalled in January after two months of modest gains, with an outbreak of a new virus adding to risks facing the already struggling economy, a Reuters poll showed. More than 130 people have died from the virus in China in the last few weeks and nearly 6,000 have been infected, prompting widespread transport curbs and tough public health measures that are weighing heavily on the travel, tourism and retail sectors.

Sensex, Nifty rebound as focus turns to budget

Indian shares rose on Wednesday after a sharp two-day selloff as investors snapped up beaten-down metals stocks, with the focus turning to the keenly-awaited budget announcement. Most financial markets, including India, have been hit by worries about the economic impact from the spread of a new coronavirus in China.
 
Commerce Ministry blacklists Bharti Airtel over unfulfilled export obligations
Ministry of Commerce has blacklisted Sunil Mittal-led Bharti Airtel for failing to meet export obligations. Reports suggest that the Directorate General of Foreign Trade which falls under the ministry has put the telecom operator under 'Denied Entry List' after it could not fulfil export obligations under Export Promotion Capital Goods Scheme.

Start-ups that burn investor money won't get second chance, says Ratan Tata
Industrialist Ratan Tata on Tuesday warned that start-ups which burn investors' money and disappear will not get a second or a third chance. The comments from Tata come at a time when many start-ups have been blamed for what is termed as "cash burn", wherein the optimism of making money in the future makes venture funds to invest in such companies, and the companies keep incurring losses.
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