Emma

Cenovus Energy to buy Husky Energy for $24 billion

InvestorPlace

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.
Most computer chip companies today are “fab-less,” based not on manufacturing, but designs written in software. That is why Nvidia (NASDAQ:NVDA) today is worth more than Intel (NASDAQ:INTC).
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 https://www.reuters.com/article/us-usa-election/biden-warns-on-coronavirus-surge-trump-heads-to-florida-in-campaign-sprint-idUSKBN2781A4 to fight the pandemic.

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

No more happy hours! High Corona tax backfires, liquor sales halved in last 5 months

State excise duty on alcohol accounts for around 10-15% of its own tax revenue for majority of states, according to RBI report on ‘State Finances: A Study of Budgets of 2019-20’.

Higher tax on liquor to offset the revenue loss due to the pandemic seems to have backfired for states with sales down by almost a half in the first five months of the fiscal.

States that imposed a tax of 25% and above in the name of corona are likely to end up with lower tax revenue from liquor sales and also collect less tax per bottle with consumers

Centre’s Diwali gift: Waives interest on interest for all loans up to Rs 2 crore; check details

Another requirement for the eligibility under the scheme states that the loan should not be a non-performing asset (NPA) as on February 29, 2020.

In what can be termed as a relief for borrowers just ahead of the festive season, the Ministry of Finance has announced a waiver of interest on interest charged for loans up to Rs 2 crore. The Department of Financial Services of the ministry on Friday issued a circular that laid the guidelines for financial institutions on granting ex-gratia payment of difference between compound interest and simple interest for six months to borrowers. All borrowers, whether

Stock futures rise with stimulus hopes, presidential debate in focus

Stock futures rose Friday to extend the major indices’ gains from a day earlier, as investors continued to eye upbeat commentary from officials around stimulus talks and considered the final presidential debate.

Gilead’s stock (GILD) jumped in early trading after the company’s COVID-19 antiviral treatment remdesivir became the first to receive formal approval from the U.S. Food and Drug Administration. The drug was used as part of President Donald Trump’s treatment following his COVID-19 diagnosis this month.

Meanwhile, shares of Intel (INTC) slid overnight after the company unexpectedly posted a quarterly decline in data center chip

India- Argentina JTC: Indian Cos to bid for Hydrocarbon projects; Lithium Agreement to be operationalised soon

The implementation of existing bilateral agreements and those under negotiation were also reviewed.(Photo credit – Indian Embassy in Buenos Aires)

After a gap of nearly three decades, with bilateral trade witnessing an all-time historic peak in FY 2019-20, the third meeting of the India-Argentina Joint Trade Committee (JTC) was earlier this week.

This JTC is part of the ongoing process of convening several specialized bilateral meetings that were preceded this year by the Joint Working Group on Agriculture and the fifth round of Foreign Office Consultations. And these will be followed by bilateral dialogues on the nuclear, space and defence

NPAs may jump in next two quarters; concerns mount over retail, small biz loans, says Federal Bank MD

The expected slippages are on account of the retail, agricultural sector, and small business loans that may not be able to meet the criteria laid down under the one-time restructuring framework.

Loans to small businesses and retail borrowers may significantly rise in the next two quarters if the economic conditions fail to improve. Federal Bank’s fresh slippages may rise by over 30 per cent amid the challenging economic conditions, Shyam Srinivasan, MD & CEO of Federal Bank told PTI. Shyam Srinivasan added that there is no large chunk corporate loan which it feels may slip into NPA. The expected slippages

Stock futures extend declines with stimulus deal still elusive

TipRanks

2 “Strong Buy” Dividend Stocks Yielding at Least 9%

Markets have shown two themes in recent weeks, a combination of uncertainty and an upward trend. Day to day, it’s impossible to predict just what will happen, but the larger scale movement has been upwards. Looking ahead, all we know is that current events will reinforce the uncertainty.Earnings season has started. As the market’s publicly traded companies report their Q3 results, we’ll get a clearer idea as the nature of the economic recovery. Q1 was a disaster, the second quarter was better than expected; while Q3 is also expected to