Month: October 2020

Stock futures rise after Dow’s worst drop in nearly two months

Stock futures rose higher Tuesday morning after a selloff on Wall Street pushed the Dow and S&P 500 to their biggest one-day drops in more than a month.

Contracts on the Dow added more than 100 points, or 0.4%, shortly after 7 a.m. in New York. A day earlier, the index dropped 650 points, or 2.3%, for its worst single-session decline since the beginning of September. The S&P 500 fell 1.9% for its worst drop since September 23, and the Nasdaq fell 1.6% for its worst decline in a week.

Airline, cruise line and resort stocks also stabilized in early

PM Modi says street vendors play important role in Uttar Pradesh’s economy; hails banks for this reason

PM SVANidhi scheme was aimed at helping poor street vendors impacted by Covid-19 in resuming their livelihoods.

Prime Minister Narendra Modi today said that street vendors have a major role to play in the economy of Uttar Pradesh and the maximum applications for the microcredit facility under the PM SVANidhi scheme has come from UP. Narendra Modi added that the government has so far received nearly 25 lakh applications, out of which 12 lakh applications have been approved. PM Modi further said that over 6.5 lakh applications are from Uttar Pradesh. At the interaction with PM SVANidhi Scheme beneficiaries of

Flipkart vs Amazon: Walmart firm wins first festive bout with 68% GMV share; e-shoppers jump to 52M

Amazon had a 32 per cent GMV share during first week sale.

The first sale week (October 15-21) of the festive offerings had Flipkart Group sitting pretty on top with a significantly large share of the online gross merchandise value (GMV). While the early access sales of The Big Billion Days by Flipkart started October 15 and Great Indian Festival by Amazon began October 16, the Walmart-controlled company including Myntra was able to acquire 68 per cent of $4.1 billion GMV during the said period, according to RedSeer’s analysis. Amazon, on the other hand, secured 32 per cent share. Amazon

Stock futures sink as U.S., Europe battle virus resurgence


3 Monster Growth Stocks That Have Legs for Future Gains

Which investment strategy has stood the test of time? Growth investing. The pros from Wall Street argue that stocks with outsized growth prospects reflect some of the most compelling plays out there. This growth potential extends beyond the near-term, with these names set to deliver handsome returns through 2020 and beyond. That said, finding stocks that fall into this category can be challenging, to say the least. According to the analysts, one strategy is to take a step back and look at the big picture, focusing on the names

Modi’s $5 trillion economy dream may have to wait for long; why India’s GDP growth now depends on banks

The fresh investments required to make the economy achieve the $5 trillion goal would amount to nearly Rs 500 lakh crores over the 7 year period 2021 to 2027.

Prime Minister Narendra Modi’s goal of making India a $5 trillion economy will now take a few more years to be achieved. to be achieved. If India’s economy grows at an annual average of 11.6 per cent during the next six years, the country’s GDP could reach $5 trillion by 2026-27, showed an estimate by CARE Ratings. While the growth of 11.6 per cent seems highly optimistic at this

Google removes 3 apps from Play Store after policy violations

The apps were removed from Play Store after the IDAC flagged the issue to Google.

Android apps: Tech giant Google has removed three apps from its Play Store, after a team of researchers found that they were violating its policies. Researchers at the Boston-based International Digital Accountability Council (IDAC) found that the three apps, which were targeting younger users, had been violating the data collection policies set by Google. The IDAC researchers said that the apps – Cats & Cosplay, Princess Salon and Number Coloring – had potentially been accessing the Android ID and AAID of users. The three apps

Cenovus Energy to buy Husky Energy for $24 billion


6 Tech Stocks Every Investor Should Watch

Hardware is becoming software, so investors are dumping hardware. At the same time, software is moving to the world of the cloud. These trends undeniably shape what tech stocks you should be buying.
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At the same time, open-source software is replacing proprietary software, especially in the clouds, where the money is made. That is why Facebook (NASDAQ:FB) is worth more than Oracle (NYSE:ORCL).InvestorPlace –

PM Modi tells people to remember Vocal for Local while shopping; highlights khadi’s growth outside India

Modi said that not only is the popularity of khadi rising it is also being produced in many places of the world.

Even as Prime Minister Narendra Modi on Sunday continued to urge people to “exercise patience, observe constraint” amid Covid, he also requested them to give priority to Made in India goods while shopping this festive season. In his monthly radio programme Mann ki Baat, Modi said “when you go shopping, do remember our resolve of ‘Vocal for Local’. While purchasing items from the market, we have to accord priority to local products.” He also highlighted the rising prominence

Festive season: Amazon, Flipkart roll out another sale; focus on smartphones, electronics, appliances

Amazon said it would offer more than 1,100 new product launches from top brands.

E-commerce companies Amazon and Walmart-owned Flipkart are back with another round of festive sales. While Amazon announced Happiness Upgrade Days, which started October 24 and would last till October 28, Flipkart’s Big Diwali Sale will take place from October 29 to November 4. Its Dussehra Sale is already underway from October 22 to October 28.  However, Amazon’s latest sale is part of its month-long festivity that began October 17. India’s e-commerce sector had generated $3.1 billion in sales during the first 4.5 days (October 15-19) of

AstraZeneca resumes U.S. COVID-19 vaccine trial and next week J&J prepares to do same

By Julie Steenhuysen, Carl O’Donnell and Vishwadha Chander

(Reuters) – AstraZeneca Plc has resumed the U.S. trial of its experimental COVID-19 vaccine after approval by regulators, and Johnson & Johnson is preparing to resume its trial on Monday or Tuesday, the companies said on Friday.

The news signaled progress against the novel coronavirus that has infected more than 41 million globally, including 8 million Americans and comes 10 days before a U.S. presidential election that may hinge on plans to fight the pandemic.

AstraZeneca, one of the leading vaccine developers, paused its U.S. trial on Sept. 6 after a