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…
HealthQuad to hike fund pool to Rs 900…
NEW DELHI: HealthQuad, a home grown healthcare venture fund is likely to approach Sebi to increase the green-shoe option of its second fund by Rs 200 crore. The company has announced the closure of its…
We have no plans to lay off any…
BENGALURU: Wipro chairman Rishad Premji said the IT services company has not laid off any employee and has no plans to retrench employees due the Covid-19 pandemic impact on business. Premji, who took charge in…
Virus boosts digital payments in India where cash…
By Vrishti Beniwal and Suvashree GhoshThe coronavirus outbreak may finally accomplish what India’s shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab…
What is a long-short strategy fund?
1. Long-short is the largest hedge fund strategy and falls under the AIF category-III. 2. Through this strategy, a fund manager expects to participate and profit from the rise and fall in certain stocks. 3.…
Buy IT stocks on dips and look for…
Well run private banks are a better play versus some of these standalone NBFCs or credit card loan companies, says the Founder and CEO, Envision Capital.You track the IT space very closely. While the Q1…
Bill Gates warns against coronavirus vaccine going to…
Microsoft founder Bill Gates on Saturday said that Covid-19 medication and future vaccines should be distributed to people who need them the most and not to "the highest bidder." "If we just let drugs and vaccines…
Smartphones sales down 30-40% in July so far…
NEW DELHI: Shortage of new smartphones due to supply chain constraints has resulted in 30-40% fall week-on-week in sales in July despite robust demand as manufacturers tackle import impediments and production delays. Smartphone market trackers…
Op-ed: How the widening wealth gap became color-blind
Jamie Grill | Getty ImagesI was raised one and two sentences at a time, my father's clichés serving up life lessons at the kitchen table, after baseball practice or on the way home from school.…