U.S. Senate Majority Leader Mitch McConnell (R-KY) arrives as Senate Republicans hold their weekly policy lunch on Capitol Hill in Washington, June 16, 2020.Jonathan Ernst | ReutersThe $ 600 boost in weekly unemployment checks ends…
MobiKwik net revenue surges 134% to Rs 379…
NEW DELHI: Digital payments company MobiKwik on Wednesday said its net revenue has surged 134 per cent to Rs 379 crore in FY20, and exuded confidence of hitting profitability this fiscal. MobiKwik, which competes against…
UK should face ‘public and painful’ retaliation over…
Britain should face retaliation over its decision to ban Huawei from its 5G networks, Chinese state-backed media urged, dubbing the move "ill-founded."On Tuesday, the U.K. said the country's mobile network operators will not be allowed…
RBI sets up panel to study use of…
MUMBAI: The Reserve Bank of India has set up a high-level committee to study the use of Quick Response (QR) codes to process contactless transactions in light of the ongoing Covid-19 situation, three people aware…
Why did your multi asset funds fail to…
Multi asset allocation funds are marketed as a one-stop solution to investors looking to have a diversified and balanced portfolio. These schemes typically have a mixed portfolio – usually in equity, debt, and gold. However,…
If you believe in reversion to mean, put…
Reversion to mean is said to be the iron rule of financial markets, according to the legendary John C Bogle. It is a powerful concept indeed in stock markets. In case the returns are extraordinary…
UK says it will ban China’s Huawei from…
The logo of Chinese company Huawei at their main U.K. offices in Reading, west of London, on January 28, 2020.Daniel Leal-Olivas | AFP via Getty ImagesThe U.K. announced Tuesday it will ban Huawei from its…
Amazon is rolling out grocery carts that let…
Amazon is launching shopping carts that track items as shoppers add them, then automatically charges them when they remove the grocery bags, allowing them to skip the checkout line.The Dash Carts will roll out at…
Raghuram Rajan sounds a note of caution, says…
NEW DELHI: Former RBI governor Raghuram Rajan on Tuesday said non-performing assets of the banking sector are likely to witness unprecedented increase in the next six months and the sooner the problem is recognised the…