In an unprecedented move, the Mumbai bench of the income tax appellate tribunal (ITAT) has retracted the critical remarks it made on Cyrus Mistry in its recent order that restored the tax-exempt status of the three key Tata Trusts. In a major moral victory for the past chairman of Tata Group who was unceremoniously sacked … Read more
The TikTok hashtag “#investing” has amassed over 1 billion views on the mobile video app as more and more young people are turning to the platform to learn about the stock market. Several creators are using TikTok to explain stock market concepts in fun and interesting ways with short, snappy videos and useful graphics. Here … Read more
The Snap Analyst: Heath Terry maintained a Buy rating on Snap shares and increased the price target from $47 to $70. The Snap Thesis: A number of tech innovations and product partnerships Snap has announced since it reported third-quarter results Oct. 20 and a favorable macroeconomic backdrop increase the likelihood of above-consensus revenue growth in … Read more
For billions of people around the world, Microsoft Office and Google Docs are the default apps for writing documents. But they are ready to be challenged as people working from home reach for better tools for collaboration, believes Shishir Mehrotra, founder and CEO of Coda. Mehrotra worked for both Google and Microsoft before starting Coda, … Read more
Elon Musk has overtaken Bill Gates as the world’s second-richest person. His net worth is now $128 billion. Musk’s wealth has been on a steady climb this month: Tesla’s market cap soared as high as $498 billion Monday as it is set to join the S&P 500 in December. The jump in Musk’s net worth … Read more
The popular momentum trade that involves buying market winners and selling losers suffered its largest one-day outflow in over three decades last week Monday. This dramatic shift marked a departure from stocks geared towards working from home, and reflected investors’ excitement about an effective vaccine. But Peter Tchir, the head of macro strategy at Academy … Read more
WhatsApp has introduced a new feature called “disappearing messages”, which would allow users to ensure that their messages are not saved on the instant messaging platform forever. The ‘self-destruct” automated feature will roll out for users through this month. “When “disappearing message” is turned on, new messages sent to a chat will disappear after 7 … Read more
Ant said that its listing had been suspended by Shanghai following a recent interview regulators held with its founder Jack Ma and top executives. Ant Group’s $37 billion stock market listing has been suspended in both Shanghai and Hong Kong in a dramatic move just two days before what was set to be the world’s … Read more
“We didn’t see a healthy, sustainable future ahead of Crucible,” the company said in a blog post on Friday. The team working on the project will be moved to other upcoming games and customers will get refunds, it added. Crucible was seen as a key test for Amazon’s games division, which was formed in 2012. … Read more