Day: June 25, 2020

U.S. Futures Slide on Virus Worry; Dollar Steadies: Markets Wrap

(Bloomberg) — U.S. equity futures slipped, while European stocks advanced as investors studied whether a resurgence in coronavirus infections will sap appetite for riskier assets.

EasyJet Plc slumped after selling more shares. Deutsche Lufthansa AG rallied as its biggest stockholder backed a government rescue package. West Texas crude oil fell below $38 a barrel. Gold continued its push toward $1,800 an ounce. The dollar fluctuated versus a basket of its peers.

The pullback from equities in some markets and flight to havens reflects investor worries that lockdowns may be reimposed and economies re-opened more slowly. New infections set daily records

18% GST on popcorn: It’s not just corn, tax authority explains what makes it premium food

Even as the Modi government introduced GST with the aim of ‘One Nation, One Tax’, hundreds of classification norms are still confusing businesses and customers across the country.

While GST on food is levied at the concessional rate of 5%, the humble popcorn packet has been moved to the elite tax slab of 18%, with tax authorities ruling that it is not just a standard cereal. A packet of corn, which needs to be heated before eating, would attract 5 per cent GST; but, the ready-to-eat popcorn bag is oiled and seasoned, and hence will attract 18 per cent tax,

Microsoft launches public preview of Defender ATP antivirus for Android; check features, availability

Microsoft Defender ATP software for Android provides protection against phishing and unsafe network connections.

Microsoft has launched its Defender ATP antivirus designed for Android devices. The Microsoft Defender ATP app for Android is available only to Microsoft Defender Advanced Threat Protection clients and not to the general public, which is why it is not included in the Google Play store. Microsoft has also announced that it is also working on an iOS version. The company has announced on its community forum that the threats in mobile space are unique and the need to protect mobile devices is becoming ever more