Sovereign Gold Bonds 2020-21 is released by the Reserve bank of India. The Sovereign Gold Bonds 2020-21 is divided into six tranches from April 2020 to September 2020. Sovereign Gold Bond (SGB) is turning out to be one of the best ways to invest in gold. Under the scheme of Gold Bond, a bond will […]
Archives for 2020
Change in Electricity Consumption
This is an amazing chart, via Amy Harder at Axios: Driving the news: Those inferences are from new power data tracked by analytics company Innowatts. Since electricity consumption directly correlates to human activity, it offers a window into how businesses are faring as much of the country is locked down. How it works: The chart […]
India’s once lavish weddings are now taking place on Zoom
By Saritha Rai Sushen Dang, 26, and his fiancee, Keerti Narang, dreamed of making their wedding an affair to remember — but not like this. Instead of hundreds of guests descending on a wildlife resort for a multi-day revelry with cocktail parties and elaborate feasts, the couple got married over the video conferencing app Zoom. […]
Embark Pensions reports 14% rise in clients
Embark Pensions, which includes EBS Pensions and Rowanmoor, saw a near 14% increase in client numbers in 2019 but a 6% decline in net operating profit, according to annual results. The Embark Group division says the companies are in transition from being full SIPP and SSAS administrators to becoming pensions specialist across the “self-invested spectrum”, […]
Mark Zuckerberg just gave Asia’s richest man a sorely needed win
By P R Sanjai, Baiju Kalesh and Manuel Baigorri With the pandemic battering assets and oil nosediving, Indian tycoon Mukesh Ambani needed a win to stem the investor exodus from Reliance Industries, the energy conglomerate he’s been trying to reinvent. This week, Facebook and its Chief Executive Officer Mark Zuckerberg delivered just that. The U.S. […]
Treasury yields fall with traders cautious on potential coronavirus treatment
U.S. Treasury yields fell on Friday morning as traders looked ahead to fresh economic data and digested a report that raised doubts over a possible coronavirus treatment. At around 2:30 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 0.5945%, while the yield on the […]
JobKeeper Eligibility Alternative Test
If you don’t fit into the JobKeeper basic term for reduced turnover, you may qualify by using an alternative test. The ATO has released Alternative Tests for the JobKeeper payment which expands eligibility from the initial basic test. This is good news for many businesses, particularly startups, those affected by last year’s droughts and those […]
Venezuela receives material from Iran to help restart refinery – official
MARACAY, Venezuela/CARACAS (Reuters) – Venezuela has received refining materials via plane shipment from Iran to help it start the catalytic cracking unit at the 310,000 barrels-per-day Cardon refinery, which is necessary to produce gasoline, an official said on Thursday. The shipments mark a new stage in cooperation between the two OPEC nations that are both […]
House approves additional funding for Paycheck Protection Program
The U.S. House of Representatives passed legislation Thursday that will provide $370 billion in additional pandemic-relief funding for small business as part of a larger aid package. President Donald Trump is expected to quickly sign the $484 billion Paycheck Protection Program and Health Care Enhancement Act, which was approved by the Senate on Tuesday. Most […]
Some startups mandate Aarogya Setu, others wary
Illustration: Rahul Awasthi Food delivery platforms Swiggy and Zomato, online services marketplace Urban Company and e-grocer Grofers have asked frontline staff to mandatorily use the government’s Aarogya Setu contact tracing app, while e-commerce heavyweights Amazon and Flipkart have also recommended that their workers do the same, despite concerns over the app’s privacy and security. “Since […]