Day: August 11, 2020

An 1,100% Stock Gain Is Hong Kong’s New Protest Rallying Cry

(Bloomberg) — They’ve occupied Hong Kong’s central business district, marched by the hundreds of thousands through the city’s streets and endured tear gas and pepper spray in pitched battles with riot police.

Now Hong Kong’s pro-democracy supporters are wielding a new protest weapon: their stock-market trading accounts.

To show support for Jimmy Lai, the publisher and outspoken government critic who was arrested Monday under the city’s new national security law, Hongkongers have been piling into shares of his media company, Next Digital Ltd. The result: a more than 1,100% surge in two days that propelled the stock to a seven-year

Farmers opt out of PM Fasal Bima Yojana; these 2 reasons likely made centre’s crop insurance less attractive

The total number of applications under single crop or multiple holdings scheme has fallen from 3.81 crore and 23.46 lakh in kharif 2019 to 2.75 crore and 3.07 lakh in the ongoing season.

Even as the Modi government steps up efforts to boost the agriculture sector, the farmers are rapidly opting out of the centre’s crop insurance scheme. The Pradhan Mantri Fasal Bima Yojana (PMFBY) has seen a sharp drop in the number of farmers covered and sums insured in the current kharif cropping season, reported The Indian Express. As on Monday, only 1.12 crore farmers had enrolled under PMFBY

ABB India launches online marketplace portal eMart

The platform which will be both for business-to-business (B2B) and business-to-consumer (B2C), aims to provide an equally fair and favorable experience to both ABB distributors and customers.

Global technology firm ABB on Tuesday launched an online marketplace portal, eMart in India offering over 6,000 products from its electrification business for home and industrial buyers.

“With this move, ABB India aims to further expand its reach in untapped markets while strengthening its presence in the existing sector, maximizing the changing customer buying preferences with a seamless digital experience,” a company statement said.

eMart will offer products ranging from digital circuit breakers,