Day: September 1, 2020

Why Apple and Tesla shares surged after getting split: Morning Brief

Tuesday, September 1, 2020

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There are now more shares of Apple and Tesla go around

On Monday, shares of Apple (AAPL) and Tesla (TSLA) began trading on a split-adjusted basis.

Apple shares split 4-for-1 and Tesla split 5-for-1.

So for each share of Apple someone owned on Friday, as of Monday they owned four. For Tesla, that number is now five.

Investors were excited about this news — on Monday, shares of Apple rose 3.3% while Tesla shares

Economic woes may not fade away before next fiscal; GDP may shrink in double digits in Q2, Q3 too

The GDP is expected to contract in double digits in the upcoming quarters too. (Bloomberg Image)

As India’s economy sees an unprecedented downfall in the first quarter of the current fiscal, the road ahead seems to be daunting as well. India’s GDP crashed 23.9 per cent in Q1 FY21 due to the nationwide lockdown, however, even as the restrictions have mostly been lifted, the GDP is expected to contract in double digits in the upcoming quarters too. All the four quarters of FY21 will exhibit negative real GDP growth and the fall of full-year contraction in growth will likely be

Digital India: Companies must help employees to make expense claims on cashless payments

The irritation that Indian employees are reportedly feeling, stems from the fact that most expense claims
systems are not supportive of the usual practices they follow in their daily lives.

With the unprecedented number of people working from home, 2020 has turned out to be a watershed
year for companies to manage employee productivity. While we marvel at the maturity of cloud services and digital technologies that have enabled this massive migration of work from office to home, many business processes and policies remain old world, paper based and manual, especially administrative and finance ones. Such administrative and finance processes,