Startups from the north-eastern region in India will be worth watching
Sun, Jan 3, 2021 9:10 AM

Startups from the north-eastern region in India will be worth watching

From adventure tourism and agritech to media and entertainment, there are a whole lot of startups that may see increased business in the new year. Recently, Jitendra Singh, the Union minister for development of the north-eastern region, said the north-east will be one of the favourite business destinations. Unarguably so, as the region has immense potential, which is yet to be fully explored.

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This share gained 29% in last 3 days
Sat, Jan 2, 2021 11:45 PM

This share gained 29% in last 3 days

Shares of Chemcon Speciality Chemicals moved higher by 7 per cent to Rs 536 on the National Stock Exchange on Friday, surging 29 per cent in the past three days, after Plutus Wealth Management acquired 1 million shares of the company via open market. On Wednesday, December 30, 2020, Plutus Wealth Management LLP purchased 1 million equity shares, representing 2.7 per cent stake of the company.

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Tesla's annual sales up 36% but comes short of delivery goal
Sat, Jan 2, 2021 10:10 PM

Tesla's annual sales up 36% but comes short of delivery goal

Tesla's annual sales rose 36%, but the electric car company came short of its annual goal to deliver 500,000 vehicles. The company said Saturday that it delivered 499,500 for the year, including 180,570 SUVs and sedans for the October through December period. CEO Elon Musk set a goal of delivering 500,000 vehicles in 2020 before the coronavirus pandemic hit, and Tesla stuck to that goal.

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Bharat Biotech says it has successfully recruited 23,000 volunteers
Sat, Jan 2, 2021 10:06 PM

Bharat Biotech says it has successfully recruited 23,000 volunteers

Hyderabad-based Bharat Biotech, which is developing an indigenous COVID-19 vaccine candidate said it has successfully recruited 23,000 volunteers on January 2. It will now look to towards achieving the goal of 26,000 participants for Phase-3 clinical trial of COVAXIN across multiple sites in India. The vaccine candidate-COVAXIN is a highly purified and inactivated two-dose SARS-CoV2 vaccine.

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CCI seeks details on anti-competition complaint filed against Amazon India
Sat, Jan 2, 2021 9:26 PM

CCI seeks details on anti-competition complaint filed against Amazon India

A new anti-trust complaint was filed against Amazon India by a group of small online sellers, details of which have been sought by the Competition Commission of India (CCI). A representative of the group called Aiova filed the complaint on August 10, 2020, accusing Amazon India of anti-competitive practices such as preferential treatment equity holding sellers such as Amazon Retail and Cloudtail.

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BSNL to test Indian telecom gears before letting manufacturers bid for 4G
Sat, Jan 2, 2021 9:10 PM

BSNL to test Indian telecom gears before letting manufacturers bid for 4G

BSNL will test the quality of Indian telecom equipment before letting indigenous manufacturers participate in the 4G tender to be floated by the company. The state-run telecom firm floated a 4G tender worth ₹9,300 crore for procurement of telecom equipment in March but was cancelled later due to multiple reasons, including allegations about preferential market access norms.

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Oxford Covid vaccine gets emergency use authorisation in India
Sat, Jan 2, 2021 8:58 PM

Oxford Covid vaccine gets emergency use authorisation in India

India has given the green light to the Covid-19 vaccine developed by Oxford University-AstraZeneca, Union minister Prakash Javadekar confirmed on Saturday. The subject expert committee (SEC) of the Indian drug regulators cleared the decks for Covishield — the Indian name of the Oxford vaccine. However, the manufacturer should report about any adverse reactions on patients every 15 days.

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Bitcoin breaches $30,000 for first time as rally extends into new year
Sat, Jan 2, 2021 8:16 PM

Bitcoin breaches $30,000 for first time as rally extends into new year

Bitcoin, the world’s largest cryptocurrency, topped $30,000 for the first time, just weeks after passing another major milestone. The currency gained almost 6% on Saturday to reach nearly $31,000, before slipping back to about $30,800 as of 1:15 p.m. in London. It advanced almost 50% in December when it breached $20,000 for the first time.

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Global agricultural commodities may rule firm on Chinese imports & La Nina
Sat, Jan 2, 2021 7:56 PM

Global agricultural commodities may rule firm on Chinese imports & La Nina

Global agricultural markets will rule firm this year as they are set to receive continued support from China and weather-related developments like La Nina that could affect the production of crops. China will mop up stocks in trying to ensure food security for its citizens. La Nina is a global atmospheric-oceanic phenomenon caused by a decrease in sea surface temperature in the Pacific Ocean.

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Why markets boomed in a year of human misery?
Sat, Jan 2, 2021 7:48 PM

Why markets boomed in a year of human misery?

It’s a macabre spectacle. Asset prices keep reaching new, extraordinary highs when around 3,000 people a day are dying of coronavirus and 800,000 people a week are filing new unemployment claims. The central, befuddling economic reality of the United States at the close of 2020 is that everything is terrible in the world, while everything is wonderful in the financial markets.

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Garment sector hopeful of achieving growth in 2021: ITF
Sat, Jan 2, 2021 7:42 PM

Garment sector hopeful of achieving growth in 2021: ITF

The garment sector can make 2021 a year of progress by focusing on USA for apparels, as the textile industry had benefited from the volumes in the market in the first 10 months of 2020, ITF convenor Prabhu Dhamodharan said. The sector should use the forthcoming production- linked incentive scheme as the stepping stone for much-needed product diversification and innovation to attract global buyers.

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China says it will take action against US delisting of its telecom firms
Sat, Jan 2, 2021 7:34 PM

China says it will take action against US delisting of its telecom firms

China will take "necessary measures" to safeguard the interests of its companies after the New York Stock Exchange began delisting three Chinese telecom firms that Washington says have military ties, the country's commerce ministry said on Saturday. The NYSE said on Thursday that it would delist China Mobile, China Unicom and China Telecom following President Donald Trump's move.

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WhatsApp recorded over 1.4 billion voice, video calls on New Year’s Eve
Sat, Jan 2, 2021 7:28 PM

WhatsApp recorded over 1.4 billion voice, video calls on New Year’s Eve

While celebrating New Year’s Eve, people across the world decided to leverage technology and connect with their near and dear ones. As a result, a surge was witnessed in the number of calls made via social media platforms and WhatsApp turned out to be one of the most used among Facebook applications. Over 1.4 billion voice and video calls were made on WhatsApp on 31st December.

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Power Finance Corporation raises borrowing limit to Rs 1.18 lakh crore
Sat, Jan 2, 2021 7:23 PM

Power Finance Corporation raises borrowing limit to Rs 1.18 lakh crore

Power Finance Corporation (PFC) has raised its borrowing limit to Rs 1.18 lakh crore for the ongoing financial year. The company now plans to raise a maximum of Rs 83,000 crore from long-term borrowing, Rs 15,000 crore from long-term foreign currency borrowing, Rs 5,000 crore from short-term borrowing and Rs 15,000 crore from commercial papers, a statement issued by PFC said.

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Tencent Games is back on Huawei's app store
Sat, Jan 2, 2021 7:06 PM

Tencent Games is back on Huawei's app store

Huawei added Tencent Games back to its app store after negotiations between 2 firms. Tencent was first removed after it made a “big change" on December 31. However, the firm did not elaborate on what the changes were. While most android phones operating in China run on Google's system, they do not have access to the Play Store. Instead, users have to opt for apps sold by mainland manufacturers.

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