Saturday, November 26News That Matters
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Tag: opportunity

New rules for Arctic shipping ‘a missed opportunity’

New rules for Arctic shipping ‘a missed opportunity’

Science
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COVID-19 disruption an opportunity for firms to re-strategise: UBI chief

COVID-19 disruption an opportunity for firms to re-strategise: UBI chief

Finance
NEW DELHI: The disruptions caused by the COVID-19 crisis also present an opportunity for businesses to re-strategise and re-invent themselves, Union Bank of India MD and CEO Rajkiran Rai G said. The banking industry is always there to support businesses but they will also have to innovate and look beyond convention, he said at a webinar organised by the PHD Chamber of Commerce and Industry on Friday. "The current disruption is an opportunity to re-strategise and re-invent. See for new geographies to serve, you can launch new products, see for strategic tie-ups wherever possible," he said. The Union Bank chief also said small and medium enterprises (SMEs) have real opportunities to plug into the global supply chain as more companies seek to diversify sourcing inputs. Pointing out that sm...
View: The crisis at YES Bank is an opportunity to start correcting the wrongs

View: The crisis at YES Bank is an opportunity to start correcting the wrongs

Finance
By Lloyd MathiasThe crisis in Yes Bank and its impact on customers nationwide has yet again raised the issue of business accountability. Last September, the Mumbai based Punjab and Maharashtra Cooperative (PMC) Bank was placed under an RBI administrator for six months due to massive under-reporting of unrecoverable loans. 73% of its advances are believed to have been given to one realty company DHFL, now bankrupt, with thousands of customers facing difficulty in withdrawing their money due to restrictions imposed by RBI. Banks are not the only businesses that have put consumers in a spot. The collapse of Jet Airways and Cox & Kings left many travellers stranded and left their plans in disarray. Even outside direct impact, investors in firms like IL&FS and DHFL saw their investments...
Nasa calls time on silent Opportunity Mars rover

Nasa calls time on silent Opportunity Mars rover

Science
The US space agency (Nasa) has called time on its Opportunity Mars rover.The six-wheeled robot last contacted Earth in June last year, just before it was enveloped in the darkness of a global dust storm. Engineers hoped Oppy would power back up when the skies cleared and sunlight hit its solar panels again - but there has not been a peep out of the rover.The routine prompt commands that have been sent to Opportunity will now end. The mission has been declared over."We tried valiantly over these last eight months to recover the rover, to get some signal from it," explained project manager John Callas. "We've listened every single day with sensitive receivers, and we sent over 1,000 recovery comma...
Jim Paulsen: 'Full-on panic' is the buying opportunity; market hasn't seen 'ultimate bottom'

Jim Paulsen: 'Full-on panic' is the buying opportunity; market hasn't seen 'ultimate bottom'

Finance
Wall Street veteran Jim Paulsen doesn't think the market is necessarily done heading lower. For one, he thinks valuations are high. Plus, there hasn't been any real fear in the recent sell-offs. "It's always been really controlled and kind of calm throughout," the chief investment strategist at The Leuthold Group said Tuesday on "Closing Bell." "We never get a full on run to the Treasury. … You didn't have a run into the dollar today for safe haven, gold hasn't had a spike, the VIX didn't spike up any higher really than it's already been," he a...