It’s 1-0 in the battle between Telegram vs WhatsApp. Recently the massaging giant, WhatsApp revised its Terms of Use policy which raised concern among different segments of the population. But much before the recent controversy, several brokerage and advisory firms have shifted to Telegram because of its wider customer reach and better admin control. In …
The rise and fall of oil prices are crucial not just to the global economy but the markets as well. In India too, any change in oil prices is bound to have a ripple effect on the markets. Crude oil prices have been rising in the recent past; on January 19, crude oil prices stood …
In what has been an unprecedented time for global economies, billionaires worldwide saw their wealth grow by a massive $3.9 trillion between March 18 and December 2020, according to Oxfam’s ‘Inequality Virus Report’ that was released at the World Economic Forum in Davos. The world’s billionaire wealth collectively touched $11.95 trillion, the report said. What’s …
It’s a high-stakes battle between US e-commerce behemoth Amazon and billionaire Mukesh Ambani owned Reliance Industries, as they try to hog India’s e-commerce space. Caught in this big battle is Kishore Biyani-led Future Group. In August 2020, Reliance Industries announced the acquisition of Future Group for Rs 24,713 crore in a bid to strengthen its …
Growth forecasts are when financial tools are used to assess the economic conditions and future of a country. Growth forecasting is carried out by a variety of organizations on a professional level. However, within the last 60 years, public and private institutions across the world have developed a wealth of analytic tools to analyze the world’s …
In a key turn of events for the Indian and global market, the Securities Exchange Board of India (SEBI) banned Future Group founder and CEO Kishore Biyani from accessing the securities for one year. Why has this happened, and what are the repercussions? Let’s find out. Why the ban? The move is a result of …
Global stock markets have been on a sustained bull run in spite of the shadow of the coronavirus pandemic that has entered second waves in many regions. Indian stocks too have continued their bull run ever since the Union Budget was announced. The Sensex and Nifty, India’s benchmark indices opened Friday on record levels, at …
After a steep 4-day dip, gold prices continued to struggle today as well. Gold futures on MCX rose 0.3% to Rs 46,857/ 10 grams, whereas silver rose 0.6% to Rs 67,239/kg. In the last session, gold had dropped Rs 1000 or 2%/10 grams while silver had dropped Rs 1500 or 2.1%/kg. The precious yellow metal …
At the beginning of February 2021 itself, India set a record for crossing the 60 lakh figure for the Covid-19 vaccine administration in 24 days, the fastest in the world. Although 9,110 new Covid cases have been reported in recent days, the number was lower than that of recoveries (14,016). This amounted to the total number …
The Future-Reliance deal came under a shroud of doubts after Amazon’s insider trade allegation on Future Group. In a letter written to the Indian market regulator SEBI, Amazon urged the market watchdog to probe insider trading possibilities in Reliance-Future Group deal. Amazon alleged that Future had disclosed price sensitive information to Reliance Retail regarding an …
