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Economic Times (India) 09/26/2020 03:39
NEW DELHI: After it stood up for India at the OIC earlier this year, the Maldives again came to India’s rescue at the Saarc foreign ministers’ meeting on Thursday by helping India block the proposal to hold the 19th Saarc summit in Pakistan. Islamabad is the host for the summit which was to take place in 2016 but has remained suspended after India’s call to boycott the event because of the Uri terror attack carried out by terrorists from across the border the same year.In his Saarc address, Maldives foreign minister Abdulla Shahid called for creation of a conducive environment to reach consensus on convening the 19th Saarc summit. “At this point, we are preoccupied with dealing with Covid-19 pandemic and do not think it is the appropriate t.
Economic Times (India) 09/26/2020 02:53
KOLKATA: The country's second-largest paint maker Berger Paints said that despite the pandemic its capital expenditure for this fiscal remain unaffected and will be the same as last year.The major investment will be in its upcoming Sandila plant near Lucknow of around Rs 260 crore and the plant was expected to be operational from 2022 onwards, a company official said on Friday.The company was implementing a few strategies to narrow the gap with the market leader Asian Paints that commands about 50 per cent share in the paints industry."
Economic Times (India) 09/26/2020 02:18
By Maiya Keidan, Megan DaviesLONDON, NEW YORK: Stretched valuations and the resulting pullback in equities have prompted more interest in long/short fund strategies that can provide some protection against market declines and wild swings, hedge fund and asset managers say.The S&P 500 index is down nearly 10 per cent from its Sept. 2 peak, and the burst of selling has prompted some managers to seek more protective strategies.
Economic Times (India) 09/26/2020 01:20
From helping companies tackle liquidity issues to creating a common platform to address cybersecurity threats, fund managers have been busy helping their portfolio companies with crisis management amid the Covid-19 pandemic.Top private equity and venture capital companies including Carlyle, KKR, Zephyr Peacock and Tata Capital have in the last few months created special crisis response teams and platforms to secure their investment and ringfence them from the disruption caused by the pandemic, said industry trackers.Zephyr Peacock, the New York-headquartered PE firm focussed on small and midsize companies, had identified three main crisis management ways for its portfolio — reducing costs, finding new revenue opportunities amid the pandemic.

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