India’s Tata Motors to spin off car division as separate unit
Tata Motors Ltd said on Friday it would spin off its passenger vehicles arm as a separate unit within the company, at a time when the coronavirus has disrupted auto production.
How multi-strategy funds are faring as coronavirus slashes returns
Just one of the world’s biggest multi-strategy funds available to retail investors is in the black for the year after coronavirus panic saw markets fall across the board, data from Morningstar showed.
Volkswagen’s Skoda extends Czech factory outages to April 14
Czech carmaker Skoda Auto, part of the Volkswagen Group , will extend a stoppage at its domestic plants to April 14 from an original return date of April 6, the company said on Friday.
Amazon, Flipkart operations in India being disrupted amid lockdown: sources
India’s government had assured e-commerce companies that their operations would not be disrupted amid a nationwide lockdown to fight the coronavirus, but most are facing crippling disruptions after just three days, sources familiar with the matter said…
Coronavirus delays Royal Mail ‘Journey 2024’ turnaround plan
Britain’s Royal Mail on Friday became the latest company to say the coronavirus had delayed plans for a radical turnaround and also canceled its dividend and suspended financial forecasts for the next year.
Britain’s Tesco limits online shop to 80 items during coronavirus crisis
Britain’s biggest supermarket group Tesco will limit the number of items customers can order in an online shop to 80 during the coronavirus emergency, it said on Friday.
European banks should halt 2020 dividends due to epidemic: trade body
Banks should halt 2020 dividend payments to preserve capital and keep lending to businesses and households until the impact of the coronavirus epidemic is clearer, the European Banking Federation (EBF) said.
India’s Tata Motors to separate passenger vehicles division
Indian automaker Tata Motors Ltd said on Friday it would spin out its passenger vehicles business into a separate unit within the company, as a coronavirus pandemic disrupts production and demand for cars.
Futures fall after strong three-day rally as virus threat continues
U.S. stock index futures fell on Friday, a day after the S&P 500 and Dow posted their best three-day run since the 1930s, as the United States faced the prospect of becoming the next global epicenter of the coronavirus pandemic.
Morgan Stanley receives approval for majority stake in China venture: sources
Morgan Stanley has received regulatory approval to take a majority stake in its China securities joint venture, people with knowledge of the matter said, as Beijing opens up the financial sector to foreigners.
