India responds to US tariffs, notifies higher duty on almonds, apples
- India largest importer of almonds from US, almost 50% of all almonds exported by US
- US wants to reduce $31bn trade deficit with India, hence imposing duties on steel and aluminium imports from India
- Indian duties to come into effect only from Aug 4, leaving room for negotiations
Intel CEO resigns following ‘past consensual relationship’ with employee
- Company has strict non-fraternisation policy
Swiggy now a unicorn, valuation >$1bn
- Raises $210mn in funding round led by Naspers and DST Global
Argentina thrashed 3-0 by Croatia
SEBI eases norms for share buyback, IPOs
Interesting: Jetson’s style food robot launched for burgers
Video: https://youtu.be/CbL_3le40qc
https://techcrunch.com/2018/06/21/creator-hamburger-robot/
Interesting: Chanel reveals its financial numbers for first time in 108 yrs
https://www.bloombergquint.com/business/2018/06/21/chanel-posts-sales-of-almost-10-billion-rivaling-louis-vuitton
Opinion: SoftBank: inside the ‘Wild West’ $100bn fund shaking up the tech world*
https://www.ft.com/content/71ad7cda-6ef4-11e8-92d3-6c13e5c92914
*Paywall possible
Calibri 