On Thursday, shares of Chennai Petroleum Corporation Limited rose as much as 20 percent reacting to the company's September ended quarter results. The group company of IOC reported a net profit of Rs 290.58 crore for the second quarter of the financial year 2020-21 when compared to a loss of Rs 212.7 crore in the same period a year ago.
On Thursday, the Union Ministry of Home Affairs in a statement said that the government has decided to make a graded relaxation in visa and travel restrictions for more categories of foreign nationals and Indian nationals who wish to enter or leave India. The Indian government has decided to restore all existing visas (except electronic, Tourist and Medical Visa).
Shares in Aurobindo Pharma slumped following a warning letter to its subsidiary.
"Further to our letter dated June 4, 2020, we would like to inform that the AuroLife Pharma LLC, a wholly owned stepdown subsidiary of the Company, has received a warning letter from USFDA for its oral solid manufacturing facility situated at Dayton, New Jersey.
If automation wasn't already a threat to existing jobs, the COVID-19 outbreak accelerated the decline in demand for certain front-end jobs. In its the "Future of Jobs Report 2020", the World Economic Forum studied the effects of pandemic related disruptions and highlighted the expected outlook for technology adoption, jobs and skills in the next five years.