Sovereign Gold Bond Series-IV (2023-24): The latest tranche of Sovereign Gold Bonds (SGB) for the 2023-24 Series-IV is now open for subscription from February 12 until February 16. Following the subscription period, SGBs are typically allocated within seven days. Consequently, the issuance date for this tranche is set for February 21.Eligibility and pricingAccording to ET, … Read more
Nvidia briefly overtook Amazon in market value on Monday, the latest milestone in a stunning rally over the past year fueled by soaring demand for its chips used in artificial intelligence (AI) computing. Nvidia rose almost 0.2%, closing with a market value of about $1.78 trillion. While Amazon fell 1.2%, it ended with a closing … Read more
Aadhaar-enabled payment frauds: With Aadhaar-enabled payment system (AePS) frauds on the rise, the Reserve Bank of India (RBI) plans to simplify the process for AePS service providers to join. Additionally, the RBI will add more measures to manage fraud in AePS.What is an Aadhaar-enabled Payment System and how does it work?According to ET, the Aadhaar-enabled … Read more
The direct-to-consumer boom is coming to an end. A once-bustling group of companies, backed by billions in venture capital funding, saw a record year for IPOs in 2021. Now, three years later, most of those direct-to-consumer, or DTC, companies still struggle with profitability. “It’s that profitability angle now that demarcates the winners in DTC from … Read more
The building that houses Sugar ’n Spice, the decades-old business that sells frozen bananas and Balboa Bars dipped in chocolate, is up for grabs. The mixed-use space at 310 Marine Ave. in Newport Beach hits the market Wednesday, Feb 7 with an asking price of $3.495 million, which will be sold alongside the dessert stand, … Read more
Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Shares of Alibaba initially whipsawed in premarket trade on Wednesday, as the company missed market expectations for revenue in the December quarter, but announced it is increasing the size of its share buyback program by $25 … Read more
Bharat rice: The government has introduced ‘Bharat rice‘ at Rs 29/kg, a subsidised price, to help with the 15% increase in retail rice prices over the past year. It will come in 5 kg and 10 kg packs. The introduction of ‘Bharat’ Rice for retail sale aims to boost market supplies at reasonable prices, aiding … Read more
Bharat Dal: The government, in its efforts to control food prices for consumers, initiated the sale of chana dal under the brand name ‘Bharat Dal’ at subsidised rates. Priced at Rs 60 per kg for a 1 kg pack and Rs 55 per kg for a 30 kg pack, Bharat Dal has quickly emerged as … Read more
Customers shop at a supermarket in Qingzhou city, East China’s Shandong province on Jan 12, 2024. Future Publishing | Future Publishing | Getty Images The rise of online shopping, social media and easier access to factories are driving the growth of new consumer brands in parts of Asia — putting pressure on traditional industry giants. … Read more
Binny Bansal, who co-founded Flipkart along with Sachin Bansal in 2007, has officially resigned from the board of the e-commerce giant. This move comes after Sachin Bansal’s departure from the board in 2018 following a dispute with investors. These resignations have taken place after Walmart’s acquisition of a 77% controlling stake in Flipkart through a … Read more