#GOOD_TO_KNOW #INDIA TOP NEWS • POLL-Indian stocks to nudge | TEJGyan
#GOOD_TO_KNOW
#INDIA TOP NEWS
• POLL-Indian stocks to nudge past February's record high by year-end
India's main stock index will exceed the record high it hit before the latest coronavirus wave took hold by year-end, according to a Reuters poll of analysts, most whom predicted modest growth and limited downside risks.
• Indian state finance chiefs to seek relief as tax revenues collapse
India's top finance officials will at a meeting on Friday discuss compensation for states that are already battling lower tax revenues while also gearing up for more expenses linked to COVID-19 vaccinations, government and industry officials said.
• Indian government exceeded powers with encryption-breaking rule - WhatsApp filing
India's government exceeded its legal powers by enacting rules that companies such as WhatsApp say will force them to break end-to-end message encryption, the messaging app owned by Facebook argued in a court filing seen by Reuters.
• TCS sees pandemic-driven boost in Europe as clients adopt new technologies
Tata Consultancy Services (TCS) is seeing acceleration in some parts of its business across Europe as the pandemic pushed companies to adopt new technologies more rapidly, a top executive said.
• India plans to study effectiveness of AstraZeneca, Bharat Biotech vaccines
India's main health agency will start a study next week to examine the effectiveness of AstraZeneca's vaccine and the homegrown shot Covaxin against coronavirus, a scientist said on Wednesday.
• Royal Enfield to shut manufacturing plants for three days
Eicher Motors-owned Royal Enfield will shut its three south Indian manufacturing plants for three days to ensure safety amid rising COVID-19 cases, according to an internal note seen by Reuters and two sources.
GLOBAL TOP NEWS
• Investors, court deliver 'stark warning for Big Oil' on climate
Shareholders rebuked the top two U.S. oil companies on Wednesday for dragging their feet on fighting climate change, while a Dutch court ruled that Royal Dutch Shell needs to accelerate cuts to greenhouse gas emissions.
• China's industrial profits growth slows in April amid high commodity prices
Earnings at China's industrial firms grew at a slower pace in April, with high commodity prices and weaker performance in the consumer goods sector limiting overall profitability from manufacturing.
• Biden orders review of COVID origins as lab leak theory debated
President Joe Biden ordered aides to find answers to the origin of the virus that causes COVID-19, saying on Wednesday that U.S. intelligence agencies are pursuing rival theories potentially including the possibility of a laboratory accident in China.
