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India’s share market rally may now be fueled by banks as RIL stock takes a pause

The prospects for global recovery amid progress with Covid-19 vaccines has caused investors to shift focus from defensive growth stocks to cheaper economically sensitive shares.

FM Sitharaman assures India will spend money, not worry about widening fiscal deficit

“For the present, I’m not going to allow the fiscal deficit number to worry me because there is a need, and a clear need, for me to spend the money,” Sitharaman said.

US Stocks: Airbnb, DoorDash boost price ranges ahead of mega IPO week

Increasing the price range usually implies that the offering is being well-received among investors and demand is high.

Airbnb, DoorDash, IPO, listing, U.S. exchanges, pandemic,

Shadow banks show signs of recovery as economy rebounds

The financiers also trimmed their debt piles, helping a gauge measuring their total outstanding debt burden to improve.

banks, corporate governance, rbi policy, demonetisation, gst

Tata group at crossroads: What to do with Vistara and AirAsia – go big, or bow out?

Tata Group’s two airlines -- AirAsia India and Vistara -- were struggling before the coronavirus pandemic.

Tata Sons, covid pandemic, tta in aviation industry, Vistara, AirAsia, Cyrus Mistry, Ratan Tata, losses in aviation industry

An India quant fund beats Sensex by more than double amid pandemic; here’s where it invested money

The DSP Quant Fund has returned about 19% in 2020, compared with a 9.5% gain in the S&P BSE Sensex Index, which surged to an all-time high on Friday.

DSP Quant Fund, Indian Quant fund delivers more than double returns, S&P BSE Sensex Index, sector diversification

India accuses China of helping rebel groups on Myanmar border

The increased activity along the Myanmar border has sparked concern in New Delhi that India’s military is becoming stretched as tensions remain with China and Pakistan on other parts of its land border.

Myanmar designated terrorist groups, United Wa State Army and the Arakan Army, India-China standoff in Ladakh, China supplying weapons and providing hideouts to Myanmar rebels,

Why health-conscious consumers across the world are eating avocados like never before

No longer just a component of guacamole for parties, its use has broadened to salads, burritos and, of course, the hipster cliche of avocado toast.

avacado, us consumption of avacado, avacado health benifits, guacamole, avacado salads, mexican produce in us market

US Markets: Stock rally reaches new highs on stimulus optimism

All major indexes for U.S. equities, the S&P 500, the Dow Jones Industrial Average, the Russell 2000 and the Nasdaq Composite Index closed at records.

US Stocks, Invest Abroad, equities, S&P 500, Dow Jones Industrial Average, Russell 2000, Nasdaq Composite Index

Why are all the prominent Covid-19 vaccines developed by women?

To oversimplify, mRNA vaccines teach cells how to make a protein that triggers an immune system response, rather than injecting live or dead virus material.

mRNA vaccine, Katalin Kariko, Covid -19 vaccine makers, women who made coronavirus vaccine, Moderna and Pfizer/BioNTech vaccines

US Stocks hold gains ahead of key data; Oil climbs

Global equities remain within a whisker of record highs as investors bet positive vaccine developments can help sustain an economic recovery next year.

US Stocks, Global equities, economic recovery, investors, oil, dollar, rates

US Treasury yield spikes – Know the impact on stocks, debt, gold and dollar

One of the clearest winners from a modest rise in Treasury yields could be equities, particularly those most exposed to a reflating economy.

US Stocks, dividend stocks, value stocks, Investors, S&P 500

Tata Group close to acquire BigBasket for $1.6 billion; negotiation on for stake size

The conglomerate is now negotiating how much stake it would purchase in Innovative Retail Concepts Pvt., which is commonly known as BigBasket.com, the person said, asking not to be identified discussing details of private tal

US Stocks: Risk-on mood powers S&P 500 and Nasdaq Composite to all-time highs

The risk-on mood powered the S&P 500 and Nasdaq Composite to all-time highs a day after posting double-digit gains last month.

US Stocks, S&P 500, Nasdaq Composite, Communication services, financial, information technology

US Stocks: Tesla S&P debut to come all at once, rippling across markets on December 21

Tesla’s market capitalization is larger than any other company had at its debut in the S&P 500.

US Stocks, S&P, Tesla, market capitalization, Berkshire Hathaway, investors, index

Transporting Coronavirus Vaccine: ‘Mission of the Century’ for airlines to ship Covid vaccines

In cooled warehouses on the fringes of Frankfurt airport, Deutsche Lufthansa AG is preparing its depleted fleet for the gargantuan task of airlifting millions of doses of the vaccines meant to end the global pandemic.

Spicejet, InterGlobe Aviation, Jet Airways

Bitcoin is winning the Covid-19 monetary revolution

In “Shuggie Bain,” Douglas Stuart’s award-winning and harrowing depiction of alcoholism, sectarianism and deprivation in post-industrial Scotland, money is always scarce and often dirty.

Cryptocurrency, Cryptocurrency-based payment card, cryptocurrency trading, blockchain technology, crypto bank, cryptocurrency-based banks, interest on crypto deposits, loan against cryptocurrency

India enters unprecedented recession with two consecutive quarters of GDP fall

The second straight decline in GDP pushes Asia’s third-largest economy into its first technical recession in records going back to 1996, when the nation first started reporting quarterly GDP numbers

Gross domestic product declined 7.5% last quarter from a year ago, the Statistics Ministry said in a report Friday.

Indian cryptocurrency startups’ victory bigger than the price of Bitcoin

A lot has changed since then. Unocoin, which just raised financing from Tesla Inc.-backer Tim Draper’s Draper Associates, is flourishing, together with other Indian blockchain ventures.

Cryptocurrency, Cryptocurrency-based payment card, cryptocurrency trading, blockchain technology, crypto bank, cryptocurrency-based banks, interest on crypto deposits, loan against cryptocurrency

India steps up efforts to draw neighbours closer to counter China

Indian Foreign minister Subrahmanyam Jaishankar is in the island nation of Seychelles, where China has deepened defense co-operation through the transfer of aircrafts and naval ships apart from helping build their parliament

US Market: A basket of stocks favoured by retail traders has soared 75% this year

The voracious appetite for equities, unchecked by the pandemic or presidential transition, has sent markets to records in the normally sleepy Thanksgiving week.

Axis bank, hcl tech

Covid-19 vaccine: Pricey vaccines could spark backlash to patent rights

The world is unequal enough and the Covid-19 pandemic threatens to make things more unequal still. Poorer countries have had to take on debt they will struggle to pay back.

Elon Musk overtakes Bill Gates to grab world’s second-richest ranking

The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price.

S&P 500 heads for year-end again after overcoming plunge in March 2020

The S&P 500 briefly extended gains on news that Joe Biden will nominate former Federal Reserve Chair Janet Yellen to be Treasury Secretary.

U.S. stocks, S&P 500, Nasdaq 100, Russell 2000, Tech shares, gold,
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