Archive for February, 2020
02/25/2020
Four of the top-10 most valued companies together added Rs 65,464.41 crore to market valuation last week, with Bharti Airtel and State Bank of India emerging as the biggest gainers. During the last week, the 30-share BSE benchmark jumped 710 points or 1.21 per cent. Market benchmark Sensex scaled the 59,000-mark for the first time
02/25/2020
China The second-largest real estate developer in China, Evergrande is a Fortune 500 company with over $300 billion in liabilities due for payment starting this week. Failure to pay the said liabilities could spark a series of events that may result in either the Chinese government bailing Evergrande out or a liquidation of the company
02/25/2020
Crypto aficionado and Tesla CEO Elon Musk thinks that it is not possible for governments to destroy cryptocurrencies while they can slow down the progress the crypto space has made. A long-time proponent of cryptocurrencies particularly bitcoin and dogecoin, Musk was speaking at the annual Code Conference on digital technologies in California. Answering a question
02/25/2020
Brokerage firm HDFC Securities is looking to add 2 lakh customers every month till March next year and grow topline by 20-25 per cent over the next five years. The companys customer addition during the pandemic was low in absence of an online demat account opening facility and onboarding of only parent bank customers. The
02/25/2020
Bloomberg: Speculative excess has surged to the highest in at least 20 years among U.S. options traders and that Traders established fresh bullish positions last week by buying 35.6 million new call options on equities, according to Sundial founder Jason Goepfert. That7 million in February when speculative activity was rampant, he wrote in a note
02/25/2020
Taking cue from the Centre, which reduced taxes on petrol and diesel by Rs 5 per litre and Rs 10 per litre, respectively, effective Thursday, as many as 22 states and Union Territories have cut their sales tax\/VAT rates on the two fuels. Though the state taxes are levied on an ad valorem basis as
02/25/2020
Amidst the ongoing Term 1 board examinations, the Central Board of Secondary Education (CBSE) has brought a major change in the evaluation system of the papers and has done away with the physical evaluation which was supposed to be conducted at the school centers. It is pertinent to note that from this year the CBSE
02/25/2020
By: Nikhil Kamath As the rollercoaster of a year – 2020 – comes to an end, we see ourselves at the peak of a bull market which nobody could have seen coming especially during the March lows. This sheer unpredictability of the capital markets makes it difficult for one to predict what lies ahead but
02/25/2020
The Delhi Universitys executive council on Friday approved holding of entrance examinations for admissions from next year, officials said. The executive council (EC) is the highest decision-making body of the university, and despite dissent by two of its members, it approved the proposal to hold a common entrance test (CET). The Delhi University currently follows
02/25/2020
Asian shares wobbled lower on Thursday, hurt by the U.S. dollar which continued to march higher as investors bet on interest rates rising more quickly in the United States than in other major economies such as Japan and the euro zone. MSCIs broadest index of Asia-Pacific shares outside Japan fell 0.18% to a six-week low,
