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Is China Trying to Control Desi Companies? | MoneyNews Episode -12

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Here are the highlights of today's news episode:

  • Chinese central bank has been gradually increasing their stake in the Indian companies, thereby raising a question whether China is trying to control desi companies.

  • Life Insurance Corporation (LIC) of India has launched an online claims facility.

  • On July 3rd, 2020 SEBI introduced new standards for governing registered investment advisers

  • HDFC cuts its MCLR by 20 basis points across loans of all tenors.

  • Franklin mutual fund investors are expected to receive 6000 crores by September 30

  • Private hospitals are not allowing cashless cover for covid treatment

  • Revenues of IT firms declined by 8% in first quarter

  • Fuel prices remain constan

  • Gold price continues to increase during this pandemic

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