Top finance picks of the day

·3-min read

Abu Dhabi Investment Authority puts Rs 5,683.5 cr in Jio Platforms. Saudi Arabia raises selling price of its oil, biggest hike in 20 years. 12 black billionaires in the world as of 2020.

Here are our top finance picks of the day.

Abu Dhabi Investment Authority Puts Rs 5,683.5 Cr in Jio Platforms: What the two companies said

Earlier today, Jio Platforms Ltd, the wholly owned subsidiary of Reliance Industries Ltd, announced a landmark eighth investment in a span of just over six weeks. Read more

Global stocks inch up on quick economic revival hopes

World stocks inched higher on Monday, adding to a 42% surge from their March lows, as a surprise jump in last week's U.S. employment data fuelled hopes of a quicker global economic recovery from the coronavirus pandemic. Read more

Saudi Arabia raises selling price of its oil, biggest hike in 20 years

Saudi Arabia has made some of the biggest price increase for crude exports in at least two decades. The decision comes after OPEC (Organization of the Petroleum Exporting Countries) and its allies, including Russia, agreed to extend record oil production cuts until the end of July. Read more

A tec(h)tonic shift: COVID-19 changes how we buy and pay for our cars

It's largely anticipated that the COVID19 pandemic will change the kind of cars that people buy. It's a trend we touched upon in our last issue, where we expected demand for cost-effective hatchbacks and used cars growing, and one that early sales trends in the month of May confirm. But another big shift that is being seen, one that might well leave a deeper impact on our car-buying habits, is how we buy and pay for our cars. Read more

Gold Prices In India Recover Even As International Rates Dip On US Payroll Data

On Monday, gold prices in India recovered after a sharp fall of Rs 1,000/10 grams seen in the previous session. On MCX, India's commodity exchange, gold futures rose more than 0.5 percent to Rs 45,953 per 10 grams in the morning session even as international prices remained subdued on an unexpected recovery reported in the US employment data on Friday. Read more

Petrol, diesel price hiked by 60 paisa per litre for second straight day

Petrol and diesel prices were hiked by 60 paisa per litre on Monday, for the second day in a row, as state-owned oil firms reverted to daily price revisions after a 83-day hiatus. Read more

'Not BJP vs Congress Issue': Sonia Gandhi says Modi Govt 'obliged' to fall back on MGNREGA

Congress President Sonia Gandhi said that the Covid-19 pandemic has brought the Modi government full circle and added that in the face of an economic slowdown, the government was "obliged to fall back" on UPA's Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Read more

12 black billionaires in the world as of 2020

The artistic, cultural and political achievements of black people are well known throughout history. But their business feats are not often discussed as widely. Here’s a look at 10 black billionaires, some of whom broke the glass ceiling and made it to the rich lists. Gallery

Gilead shares rise on report of AstraZeneca's interest in megamerger

Shares of Gilead Sciences Inc rose as much as 3% on Monday after a report said the U.S. drugmaker had been approached by Britain's AstraZeneca for a possible merger to form one of the world's largest drug companies. Read more

HUL CMD Sanjiv Mehta salary increased by 2.86 pc to Rs 19.42 cr in FY20

FMCG major HUL Chairman and Managing Director Sanjiv Mehta's gross salary increased by 2.86 per cent to Rs 19.42 crore for 2019-20, according to the company's annual report for 2019-20. Read more