Stock futures point to a lower open

Stock futures fell in pre-market trading as traders considered details of President-elect Joe Biden’s newly unveiled stimulus proposal and weighed the likelihood of the package getting advanced quickly through Congress. COVID-19 concerns also flared anew as stay-in-place restrictions tightened across parts of Europe, and new data showed U.S. retail sales unexpectedly fell for a third straight month in December.

Contracts on all three major indexes traded lower Friday morning, extending declines from a day earlier. Both the Dow and Nasdaq hit record intraday highs Thursday before closing lower.

Late Thursday, Biden outlined his $1.9 trillion coronavirus relief proposal, which

Stakeholders, analysts hail mining reforms

Those with captive leases will be allowed to sell the minerals in the open market.

Mining sector stakeholders hailed the reform proposals approved by the Cabinet, but said that these structural changes should have come much earlier. The Cabinet on Wednesday cleared a proposal to amend relevant law for re-allocations of partially or minimally explored blocks through competitive bidding & offers seamless prospecting licence-cum-mining-leases. The changes will be effected by amending the Mines and Minerals (Development and Regulation) Act passed in 2015.

“There is not a single proposal for which the wait for six years is worth the while. All

Vaio makes India comeback with E15 and SE14 laptops; specs, price and everything to know

Vaio start secound innings in India market with new E series laptops.

Vaio has launched a new series of ultraportable laptops, E15 and SE14 laptop in its bid to return to the Indian market. Vaio, once owned by Sony, is starting its second innings with two lightweight laptops which come with full-HD IPS displays and run Windows 10 Home. The laptops come preloaded with Microsoft Office 365 and have top-firing speakers, along with Dolby Audio and Smart Amplifier.

Vaio is brought back to India by Hong Kong-based Nexstgo Company under a licensed agreement with Japan-headquartered Vaio Corporation. In India, they

Delta, Virgin Galactic, Plug Power – Thursday’s Premarket Movers

Stock futures were mostly higher Thursday after a report said President-elect Joe Biden could unveil a Covid-19 relief package of about $2 trillion.

Here are some of the top movers during premarket trading on Thursday.

1. BlackRock BLK | Up 1.06%

Shares of BlackRock  (BLK) – Get Report rose Thursday after the money manager posted fourth-quarter earnings and revenue that topped analysts’ expectations. 

BlackRock posted fourth-quarter adjusted earnings of $10.18 a share, beating analysts’ estimates of $9.14. Assets under management at BlackRock rose to a record $8.68 trillion in the fourth quarter.

2. Johnson & Johnson JNJ |

EIU report: Vietnam rises as an alternative to China, beating India

For instance, the EU-Vietnam FTA offers footwear manufacturers in Hanoi the biggest gain. Around 40% of exports to the EU in this category faced 30% tariffs, which were reduced to 0% from August 2020.

Vietnam has emerged as a low-cost manufacturing base in Asian supply chains, beating India and even China in indicators, including foreign direct investment (FDI) policy and foreign trade and exchange controls, according to the Economist Intelligence Unit (EIU).

In fact, Vietnam’s rise as an alternative manufacturing hub to China predates a trade war between Washington and Beijing in recent years, it says in a report. Vietnam’s

Budget 2021 Expectations for MSMEs: MSMED Act, MSEFCs have no teeth to resolve payment issues : Assocham’s Raikar

According to the delayed payment monitoring system MSME Samadhaan, out of 65,435 applications filed by MSEs, only 5,691 applications involving Rs 858.60 crore were disposed of by MSEFCs so far.

Union Budget 2021-22 Expectations for MSMEs: The MSME Development Act, 2006, which contains provisions related to the issue of delayed payment to small businesses, and the Micro and Small Enterprise Facilitation Councils (MSEFC) that have been set-up for settlement of disputes have no teeth to resolve the delayed payment issue, according to Manguirish Pai Raikar, Chairman at Assocham’s National Council for MSME. “There is the Act for delayed payments, you

Qualcomm plans $1.4 billion purchase of Nuvia

Qualcomm Inc. announced Wednesday morning that it plans to purchase Nuvia, a computing-design company, for $1.4 billion.

The company expects to leverage Nuvia technology to strengthen its 5G offerings. Qualcomm

said in a release that Nuvia has “industry-leading expertise in high performance processors, systems on a chip (SoC) and power management for compute-intensive devices and applications.”

Shares of Qualcomm were off 0.3% in premarket trading Wednesday.

Qualcomm anticipates that it will integrate central processing units (CPUs) from Nuvia into a broad range of products, including those powering smartphones, laptops, digital cockpits, and advanced driver-assistance systems.

“Adding NUVIA’s deep

Jewellery retailer Malabar Group urges govt to reduce tax rate

High import duty is the root cause of smuggling and tax evasion. (Representative image)

Gold jewellery retailer Malabar Group has urged the government that tax rate, including import duty on gold and GST, should be reduced to 7% to curb large-scale gold smuggling in the country. This would also boost gold trade and strengthen consumer confidence and demand for gold jewellery.

Malabar Group chairman MP Ahammed said the government should create an enabling environment for the jewellery retail trade to introduce MRP pricing in the segment without any pricing break-up in terms of GST or other taxes. MRP-based billed transactions,

WhatsApp effect: Signal set to bring animated stickers, chat wallpapers and more for users in India

The application is free to download from PlayStore.

Messaging service app Signal is set to roll out some features for its users in India. According to the official Twitter account of the company, Signal in the next few days will be bringing chat wallpapers, animated stickers, media auto-download settings and full-screen profile photos for iOS users which is already available to Android users and about field services for Signal profile. Mentioning four features, Signal said, “Here’s a sneak peek at some new Signal features that will start rolling out in a few days.”

Not only this, the company has brought

5 Best Semiconductor Stocks to Buy for 2021

An escalating trade war with China and a global pandemic in 2020 could have been devastating for semiconductor companies — yet it didn’t turn out that way.

What pessimists missed this year was the sheer size of the transformative digital wave and the secret deals that kept Chinese markets open to American vendors despite public trade frictions.

Those dynamics are likely to accelerate in 2021.

When the Trump Administration in 2019 blacklisted Huawei, the world’s largest telco equipment company, many American semiconductor leaders were understandably worried. The Chinese behemoth had become an $11 billion customer. Those sales seemed lost.