Retail rentals had dropped 20-25% on an overall basis in key malls and high streets as the pandemic wreaked havoc on stores and malls over several months.

This world order created over the past 40 years was first broken apart during the global financial crisis (GFC), which overnight changed the fortunes of many individuals and families, like in a wartime. In its aftermath, with all the wisdom, governments bailed out the same entities, instead of finding ways to directly help the people whose fortunes were ruined and lives were unsettled. This created more problems.

Rising valuations and hefty year-to-date gains for big technology stocks are pushing some investors to diversify away from the sector that has led markets for years. Tech stocks have soared this year, and their big weighting in the S&P 500 has helped push the index to records with a 25.1% year-to-date gain in 2021.

Bulk tea major McLeod Russel India on Friday said its bankers have signed an Inter Creditors Agreement (ICA), a precursor to a resolution plan for debt restructuring, that rekindled hope of revival of the once largest tea producer of the world.

Addressing representatives of the Indian Technical Textile Association (ITTA), the minister said the government will support production-linked incentives (PLIs) for the textile sector in states supporting the development and offering affordable infrastructure for textile manufacturing like cheap land and power.

Under the terms of the settlement agreements, the subsidiaries will make an aggregate payment amounting to a combined total of USD 85 million in exchange for a full release of all claims asserted against them in the direct purchaser action by the settlement class members, it added.

The Coalition will create a long-term impact by driving milestones this decade through investment into these technological solutions.

Pfizer said it plans to submit interim trial results for its pill, which is given in combination with an older antiviral called ritonavir, to the U.S. Food and Drug Administration as part of the emergency use application it opened in October.

Mid-Day reported Thursday that the Ambani family was all set to make the 300-acre Stoke Park country club in Buckinghamshire its second home.

The Big Bull chats with Bollywood Diva on life, passion and art of making money. Every should invest in stocks as equities also give tax advantages, says Jhunjhunwala.