Hong Kong markets watchdog says it does not think sanctions will affect financial firms
Posted on Saturday August 08, 2020

​​The United States on Friday imposed sanctions on Hong Kong Chief Executive Carrie Lam.

Joel Greenblatt’s Magic Formula to spot multibagger stocks for long-term profits
Posted on Saturday August 08, 2020

Greenblatt’s says his Magic Formula is a simple and an effective way to make profit in the long run, if one has the required patience.

Mukesh Ambani eclipses richest European to become world’s No. 4
Posted on Saturday August 08, 2020

Mukesh Ambani has already surpassed some of the biggest tycoons in recent weeks -- a list that includes Elon Musk and Alphabet Inc. co-founders Sergey Brin and Larry Page, as well as the so-called Oracle of Omaha himself, Warren Buffett.

Brave New World: Is huge shorting of dollar a reversal signal?
Posted on Saturday August 08, 2020

Either we are on the cusp of near-term reversal or we will have some sideways correction.

Divi's Labs Q1 results: Profit up 81% at Rs 492 crore
Posted on Saturday August 08, 2020

The company logged a profit of Rs 272.44 crore in the year-ago same period, Divi's Laboratories said in a filing to BSE.

It's the negative real interest rates at work! So, when will this frenzy end?
Posted on Saturday August 08, 2020

The real economy will continue to sputter and suffer but the tail (financial economy) will continue to wag the dog (real economy).

Real rates reversal hitting big trades including gold and Nasdaq
Posted on Saturday August 08, 2020

Real interest rates -- which strip out the effects of inflation -- rose by the most in a month Friday after a stronger-than-forecast July jobs report.

Abbott India Q1 results: Net profit jumps 54% to Rs 180 crore
Posted on Saturday August 08, 2020

Abbott India has reported a 54.22 per cent rise in its net profit to Rs 180.35 crore for the quarter to June 2020.

Valuation worry? Have to live with higher mcap-to-GDP, P/E, P/BV now
Posted on Saturday August 08, 2020

The higher the government support, technology presence and control over the Covid situation, the better has been the market performance.

Sector ARPU far from sustainable; market can absorb tariff hikes: Vodafone Idea CEO
Posted on Saturday August 08, 2020

In an earnings call after the company's June 2020 quarter results, Takkar said he does not agree with the view that 2G needs to be stopped, since it is a low-cost service still preferred by certain set of users.

Dr. Anthony Fauci says chance of coronavirus vaccine being highly effective is 'not great'
Posted on Friday August 07, 2020

Scientists are hoping for a coronavirus vaccine that is at least 75% effective, but 50% or 60% effective would be acceptable, too, Dr. Anthony Fauci said.

Hawaii reinstates coronavirus restrictions: 'There's no question that the virus is surging'
Posted on Friday August 07, 2020

"There is no question that the virus is surging in our state, and I know that many are worried about their health," Hawaii Gov. David Ige said.

Delta urges 3,000 flight attendants to take unpaid leave, shorter schedules to avoid furloughs
Posted on Friday August 07, 2020

Delta said more than 3,000 flight attendants would need to take unpaid time off to avoid furloughs as schedules remain limited in the coming months.

Last call: Governors roll back hours instead of reopenings as bars take blame for coronavirus surge
Posted on Friday August 07, 2020

"Last call" orders to maintain public health in restaurants and bars will hurt establishments financially and won't help to solve the problem, owners say.

New York Gov. Cuomo says all school districts across state are authorized to reopen
Posted on Friday August 07, 2020

New York Gov. Andrew Cuomo announced that all school districts across the state have been authorized to reopen for the fall semester, including New York City.

U.S. judge ends decades-old movie theater rules set by Hollywood studios
Posted on Friday August 07, 2020

A federal judge on Friday granted the U.S. government's request to immediately end the Paramount Decrees, a set of antitrust rules from the late 1940s and early 1950s that ended Hollywood's monopoly on producing, distributing and exhibiting movies.

Indian plane skids off hilltop runway, cracks, killing 18
Posted on Saturday August 08, 2020

The plane swayed violently as it approached a hilltop runway drenched in monsoon rain, and moments later the special return flight for Indians stranded abroad by the pandemic skidded off, nosedived and cracked in two, leaving 18 dead and more than 120 injured.

Coronavirus updates: Washington can't reach a stimulus deal; New York green lights fall school reopening
Posted on Saturday August 08, 2020

The coronavirus has infected more than 19.1 million people around the world as of Friday, killing at least 715,555 people.

Trump to hold news conference after coronavirus stimulus talks fall apart
Posted on Friday August 07, 2020

President Donald Trump will be holding a press conference from Bedminster, New Jersey Friday evening after another "disappointing" meeting between Democrats and the White House on coronavirus aid yielded little progress.

Amid power outages, CEO of generator maker anticipates 'massive change' coming to the grid
Posted on Friday August 07, 2020

"You're going to see a lot more decentralized, on-site power generation" in the next decade, Generac CEO Aaron Jagdfeld said as hurricane season hits the U.S.