Why Stock Markets Are Booming When Economic Chips Are Down
The disconnect between rallying stock prices and gloomy economic data is probably the most noticeable in India, and it has left a lot of people searching for answers. While the Indian stock market has been rising despite Covid pandemic, the economic data paints a grim picture for India. It is also becoming apparent that people […]
Naandi Foundation chosen for Food Vision 2050 prize
Hyderabad: The Rockefeller Foundation has chosen Naandi Foundation, a Hyderabad-based non-profit, as one of 10 “visionaries” in the world for the Food Vision 2050 prize. The prize was announced in New York on Sunday. Naandi Foundation has been granted a prize money of $200,000. The non-profit, which has a presence in 19 states, competed with […]
Microsoft Confirms It’s In Talks With China’s ByteDance To Buy US Arm Of TikTok
Microsoft confirmed Sunday it is in talks with Chinese company ByteDance to acquire the US arm of its popular video app TikTok and has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition. In a statement, Microsoft said it, along with ByteDance, has provided notice of their intent to […]
Rupee advances 14 paise to 74.69 against US dollar in early trade
The rupee appreciated by 14 paise to 74.69 against the US dollar in early trade on Monday, tracking positive Asian peers. After opening on a strong note, the Indian currency went on to further strengthen its position and touched 74.69 against the US dollar, up 14 paise over its previous close. It had settled at […]
Rupee rises 10 paise to 74.92 against US dollar in early trade
The rupee appreciated 10 paise to 74.92 against the US dollar in opening trade on Monday, tracking positive domestic equities. The domestic currency had settled at 75.02 against the US dollar on Friday. Forex traders said positive opening in domestic equities and foreign fund inflows supported the rupee. However, strengthening American currency and rising Covid-19 […]
India’s wealthiest tycoon Mukesh Ambani now richer than Warren Buffett
Mukesh Ambani has had a rollercoaster 2020, cutting a string of deals for his digital business, undergoing wild swings in his wealth and having his brother’s finances laid bare for the world to see. Now he can add another chapter — eclipsing the fortune of Warren Buffett. The chairman of Reliance Industries Ltd. is now […]
Renault Kwid RXL 1.0 launched at ₹4.16 lakh
Renault India on Monday announced the launch of the Kwid RXL 1.0 variant at ₹4.16 lakh for the MT version and ₹4.48 lakh for the AMT version. With the launch of the new Kwid RXL 1.0, the company commemorates the sale of over 3.5 lakh units of Kwid. Even after years of its launch the Kwid continues […]
Flip-flop on import barriers
A power ministry order of Thursday stating equipment from prior reference countries need to take prior permission from the government transmogrified within a day into a complete import ban of equipment from China and Pakistan in the hands of Union power minister R.K. Singh. At a virtual interaction with his state counterparts on Friday, Singh […]
GST regime may undergo 2 major reforms this year
The Goods and Services Tax (GST) regime is expected to see two major reforms in its fourth year–rationalisation of tax rates based on prudence rather than political considerations, and further easing of compliance–people aware of the matter said. The people said three-slab GST rates instead of four could be considered–8%, 18%, and 28% in place […]
Rupee jumps 44 paise to 74.60 against US dollar in early trade
The rupee appreciated 44 paise to 74.60 against the US dollar in early trade on Friday tracking weakness in the greenback and gains in the domestic equity market amid optimism over potential Covid-19 vaccine. Forex traders said investors were bullish on emerging market assets following encouraging vaccine test results. Moreover, positive domestic equities, steady crude […]
