Bombay Stock Exchange (BSE) is seeking regulatory approval to launch Electronic Gold Receipts (EGR) on it’s platform. Key points to note – EGR is consequent to announcement regarding spot gold exchange in this year’s budget. EGR would enable spot investing/ trading in gold that is allowed in many other countries. In India, presently one can … Read more
Peter Thiel and Mark Zuckerberg have known each other since 2004, when Thiel became Facebook’s first major investor. Zuckerberg saw Thiel as a mentor, but those inside the company say he became increasingly dependent on Thiel. A new biography reveals details around Thiel’s influence on Zuckerberg and their roles in the 2020 election. See more … Read more
Moderna and BioNTech both fell more than 15% on Friday after Merck announced positive results for its antiviral COVID-19 pill. Merck’s antiviral cut hospitalizations and deaths in half for those infected with COVID-19. The drug is another option to help curtail the pandemic as countries struggle to reach herd immunity via vaccinations. Sign up here … Read more
Tesla reported Saturday record quarterly deliveries despite the surrounding turbulence. An analyst at Wedbush Securities sees the performance as “massive.” The Tesla Analyst: Daniel Ives maintained an Outperform rating and $1,000 price target for Tesla shares. The Tesla Thesis: Tesla’s third-quarter deliveries of 241,000 beat even the bull-case whisper number on the Street, analyst Ives … Read more
With covid-19 vaccination drive in full steam across the world, nearly 73% of millennial Indians would like to travel to international destinations with fewer covid cases, a travel sentiment tracker said. About 67% would want to go to destinations with easy covid policies and protocols, according to Business Of Travel Trade (BOTT), a media platform … Read more
Tata Consultancy Services Ltd. has won a large deal from the country’s largest commodity exchange Multi Commodity Exchange () to build a new technology platform for trading as well as post-trade functions. The project, dubbed Udaan, is among the largest and most complex projects that is currently undertaking in India, bringing low-latency, high volumes and … Read more
Union minister Nitin Gadkari on Thursday said that the government will make it mandatory for all vehicle manufacturers to make flex-fuel engines, after it gets permission from the Supreme Court. Flex-fuel, or flexible fuel, is an alternative fuel made of a combination of gasoline and methanol or ethanol. Addressing the annual session of industry body … Read more