The segment aged 10-24 is estimated to constitute 26 per cent, with...
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Indians increasingly spending money on mutual fund investments, insurance, trading: Razorpay analysis
As per them, mutual fund investments surged by a whopping 86 per...
India to remain global growth driver in foreseeable future: IMF executive director
Krishnamurthy V Subramaniam, executive director of the...
Oneglobal Broking sets up Singapore operation
Oneglobal’s strategy is to build out its operations in Asia, of which the establishment of a Singapore company is a key element and follows its announcement of the opening of Hong Kong in August this year, with further offices and senior broker hires to follow.
GSTN infrastructure upgraded to handle up to 300,000 users concurrently
Besides, the Goods and Services Tax Network (GSTN) has introduced auto-populated sales return form GSTR-3B in PDF form which will be available from October 2020 tax periods onwards.
The complete PDF with auto-population of input tax credit will be available on the common portal (GSTN) from November 12, 2020, GSTN said in a statement.
GSTN said it has augmented the capacity of the gateway from 150,000 to 300,000 concurrent logged in taxpayers to handle the expected sharp surge in the indirect tax-related activities on the portal after easing of lockdown.
India records 45,903 new COVID-19 cases, 490 more deaths
The total number of people who have recuperated from the disease surged to 79,17,373, pushing the national recovery rate to 92.56 per cent while the case fatality rate stands at 1.48 per cent.
The number of active cases of COVID-19 remained below 6 lakh for the 11th consecutive day. There are 5,09,673 active cases of the coronavirus infection in the country as on date which comprises 5.96 per cent of the total caseload, the data stated.
Global Markets: Risk assets cheer Biden win, dollar nurses losses
“The best opportunities now lie within segments of emerging markets, in particular China and North Asia. I believe earnings momentum and valuation put China in a very attractive risk/reward position.”
Chinese shares started higher with the blue-chip CSI300 index .CSI300 up 2.2% on hopes of better Sino-U.S. trade relations under Biden.
U.S. crosses 10 million COVID-19 cases as third wave of infections surges
More than 237,000 Americans have died of COVID-19 since the illness caused by the coronavirus first emerged in China late last year.
The daily average of reported new deaths in the United States account for one in every 11 deaths reported worldwide each day, according to a Reuters analysis.
The number of reported deaths nationwide climbed by more than 1,000 for a fifth consecutive day on Saturday, a trend last seen in mid-August, according to a Reuters tally.
Investors bet vaccine sparks revival in beaten down stocks
As the market hype around the U.S. election ebbs, investors are now preparing for good vaccine news, which they believe is a matter of when, not if.
“It’s going to be absolutely massive,” said Stuart Oakley, head of cash currency trading at Nomura in London. “If we get a vaccine, we’re going to see all that pent up demand coming out.”
Of the roughly 45 vaccines undergoing human trials, those from Pfizer and Moderna are seen as possibly winning regulatory approval this year, with AstraZeneca not far behind.
Investors are looking beyond an expected “excitement rally” and at longer-term beneficiaries and short-selling opportunities.
Nissan plots digital course for car sales in a post-pandemic world
The operating chief, Ashwani Gupta, told the board meeting in late July that Nissan was racing to create a “complete, end-to-end digital journey”, according to three people familiar with the discussions.
He said this would allow consumers to research cars online, have models delivered to their homes for test drives and make purchase plans without ever having to visit a dealership, if they chose not to do so, the sources told Reuters.
Pfizer’s Covid vaccine prevents 90% of infections in large study
“Today is a great day for science and humanity,” Albert Bourla, Pfizer’s chairman and chief executive, said.
“We are reaching this critical milestone in our vaccine development program at a time when the world needs it most with infection rates setting new records, hospitals nearing over-capacity and economies struggling to reopen,”he said.
Q&A: Where are we in the COVID-19 vaccine race?
The World Health Organization has recommended a minimum standard for effectiveness of at least 50%. The United States and some other regulators are following that guideline – which means there must be at least twice as many infections among volunteers who received a placebo as among those in the vaccine group. The European Medicines Agency has said it may accept a lower efficacy level.
Pfizer said its vaccine is more than 90% effective against COVID-19.
Top $5 trillion investor group pushes firms to cut out thermal coal
In a report seen by Reuters ahead of its release on Monday, the alliance said all companies owned by the group needed to develop their own plans to transition away from thermal coal.
“If no long-term carbon footprint reduction can be produced the members will need to escalate and ultimately divest,” Günther Thallinger, Member of the Board of Management, Investment Management, Environmental, Social and Governance (ESG) at Allianz, said.