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Business / The Economic Times

US Black Friday sales surge to near-record

NEW YORK: US online sales surged on the traditional Black Friday to set the country's second-highest one-day mark ever as virus-wary Americans shunned in-person shopping, the Adobe software company reported Saturday.American consumers, staying home amid the coronavirus pandemic, spent $9 billion online on Friday, a 21.6 percent increase over the same day in 2019, Adobe said.It said Friday's sales were surpassed only by those of last year's Cyber Monday, the Monday after Black Friday, when the fo

28 Nov 2020 10:32 pm
COVID-19: Curbs on cinema halls, pools, events relaxed in Goa

The standard operating procedures (SOP) prescribed for various activities, including movement by passenger trains, air travel, metro trains, schools, educational institutions, hotels and restaurants, shopping malls, multiplexes and entertainment parks, yoga centres etc, will have to be strictly followed, the circular stated.

28 Nov 2020 10:02 pm
We must look to leverage FTAs with countries having transparent trading mechanisms: Piyush Goyal

Free trade agreements are good for the nation and India must look to leverage these pacts with countries having transparent trading mechanisms and business systems, Commerce and Industry Minister Piyush Goyal said on Saturday.

28 Nov 2020 9:31 pm
Won't talk to Khattar until he apologises for 'inflicting brutality' on farmers: Amarinder Singh

Amarinder Singh said there is no way he would talk to Khattar again-- eighbour or no neighbour--after Haryana's use of water cannons and teargas shells against farmers.

28 Nov 2020 8:15 pm
Future of Gandhi's statue in Wales in question after slave trade review

Wales has a bronze sculpture of Gandhi at Cardiff Bay, unveiled in 2017 to mark the 148th birth anniversary of the leader of the Indian national movement. In the audit, he has been classified under Category E of persons of interest who require examination as having been highlighted by campaigners.

28 Nov 2020 7:28 pm
UK, EU resume face-to-face trade talks with time running out

Teams from Britain and the European Union resumed face-to-face talks on a post-Brexit trade deal Saturday, with both sides sounding gloomy about striking an agreement in the little time that remains.

28 Nov 2020 7:16 pm
Over 50% COVID beds unoccupied: Delhi health minister Satyendra Jain

Delhi reported 5,482 fresh COVID-19 cases on Friday, while 98 more fatalities pushed the city's death toll to 8,909. The positivity rate was 8.51 percent.

28 Nov 2020 6:09 pm
Congress says PM should talk to farmers; Rahul Gandhi hits out at government

This is a very sad photo. Our slogan was 'Jai Jawan, Jai Kisan', but today a soldier is standing against the farmer due to PM Modi's arrogance. This is very dangerous, he said in a tweet in Hindi along with the picture of a soldier showing a baton to an old farmer.

28 Nov 2020 6:01 pm
Chinese Defence Minister General Wei Fenghe to visit Nepal on Sunday

The ministry's announcement comes a day after India's Foreign Secretary Harsh Vardhan Shringla wrapped up his maiden two-day visit to Nepal.

28 Nov 2020 5:24 pm
No exit polls before conclusion of DDC elections: J&K poll body

The State Election Commission (SEC) in Jammu and Kashmir on Saturday imposed restrictions on conduct of exit polls till the last of the eight-phase District Development Council (DDC) election is completed.

28 Nov 2020 4:55 pm
View: The added burden of taxes, the aspect that went almost unnoticed in Q2 GDP narrative

At a time when the governments focus has been on providing relief to those who eke out a living, in normal times, in the neighbourhood of the poverty line, and have lost their incomes, thanks to the lockdown, how can net taxes rise? Shouldnt this item have shrunk, thanks to a big upsurge in subsidies, direct benefit transfers, free food, rural employment schemes?

28 Nov 2020 4:31 pm
DDC polls are for local issues, not for 'bigger' political problems, say voters in J&K's Ganderbal

Several voters in Jammu and Kashmir's Ganderbal district on Saturday said that the District Development Council (DDC) polls are to elect people who can solve basic problems and igger issues like restoration of special status should be left for assembly and parliamentary elections.

28 Nov 2020 4:27 pm
Karnataka Congress seeks probe into suicide attempt by CM's political secretary

Congress state President D K Shivakumar alleged that some video which is 'personal' in nature might have led to the suicide attempt by Santosh as he was said to be upset about it.

28 Nov 2020 3:52 pm
Rising FDI indicates investors' preference for India's enabling environment: Piyush Goyal

Despite COVID, FDI doubles year-on-year upwards arrow. Indicating global investors' preference for India's enabling environment under PM @NarendraModi ji, FDI increased from USD 14.06 billion to USD 28.1 billion in the July-September quarter, Piyush Goyal said in a tweet.

28 Nov 2020 3:10 pm
Iran's Hassan Rouhani says Israel aims for 'chaos' by assassinating scientist

The defence ministry said that Fakhrizadeh, who headed its reasearch and innovation organisation, died after medics failed to revive him. Iran's foreign minister Mohammad Javad Zarif on Friday said that there were serious indications of an Israeli role in the assassination.

28 Nov 2020 2:07 pm
President Rouhani says Iran will retaliate for scientist killing 'at the proper time'

Our people are wiser than to fall in the trap of the Zionist regime (Israel) ... Iran will surely respond to the martyrdom of our scientist at the proper time, he said.

28 Nov 2020 1:59 pm
Stock market tries to make a fool of you, and how! Investing gems from Bernard Baruch

Baruch said investors need to devote some time, attention and effort while choosing their investments, if they wanted to amass wealthy returns.

28 Nov 2020 1:34 pm
DDC polls: West Pakistan refugees outside booths in Jammu say justice done after 70 years of struggle

With the abrogation of Article 370, several communities like West Pakistan refugees, Valmikis and Gurkhas are now eligible to vote in local elections, purchase land and apply for jobs in Jammu and Kashmir, and besides these, they can also contest elections.

28 Nov 2020 1:15 pm
Nearly 8,000 IT professionals get jobs through 'Karma Bhumi' app in West Bengal: Official

Kolkata: Nearly 8000 jobs have been secured by IT professionals in West Bengal who have returned from other places due to the COVID-19 pandemic, an official of the state Information Technology department said. The statae IT department had developed the 'Karma Bhumi' app for professionals who had returned from other places to enlist themselves for getting employment in the state for a limited period of time. With the advent of COVID, there has been a huge influx of IT professionals here from outs

28 Nov 2020 1:02 pm
Maharashtra CM, Governor not to accompany PM during his SII visit in Pune

After Ahmedabad, the PM is scheduled to visit vaccine maker Bharat Biotech's facility in Hyderabad, after which he will proceed to Pune, where he will visit the SII, which has partnered with global pharma giant AstraZeneca and the Oxford University for the vaccine.

28 Nov 2020 12:57 pm
Indias economy shrinks sharply as Covid-19 slams small businesses

The latest data firmly establishes Indias position among the worst-performing major economies, despite government spending meant to blunt the pandemics impact.

28 Nov 2020 12:52 pm
States are important for Indias revival, overall economic growth

Playing on its strengths, the state should focus on strategic reforms in three specific sectors, namely Information technology, dairy and food processing and agriculture.

28 Nov 2020 12:42 pm
US imposes sanctions on Russian, Chinese companies for supporting Iranian missile programme

The US has sanctioned four entities in China and Russia for their support of Iran's missile programme, which remains a significant proliferation concern. We will continue to use all our sanctions tools to prevent Iran from advancing its missile capabilities, Pompeo said.

28 Nov 2020 12:01 pm
Real outrage or bot-rage: Managing the fall-out of social media backlash

Marketers are dealing with a surreal impact of social media outrage and backlash against brands. Here's their offline story.

28 Nov 2020 11:47 am
Sebi bars NDTV promoters Prannoy Roy and Radhika Roy from securities market for two years

Sebi noted that Prannoy Roy and Radhika Roy together made a gain of Rs 16.97 crore while indulging in insider trading in the shares of New Delhi Television Ltd (NDTV) while in possession of UPSI relating to the proposed reorganization of the company.

28 Nov 2020 11:43 am
Dispute resolution: A brief guide to settling differences between promoters and other shareholders of the Company

There lies a symbiotic relationship between the founders and the shareholders and both these elements are vital to a company.

28 Nov 2020 11:39 am
After night halt, Punjab farmers resume march towards Delhi

Farmers protesting against the Centre's three farm laws have expressed apprehension that the laws would pave a way for the dismantling of the minimum support price system, leaving them at the mercy of big corporates.

28 Nov 2020 11:38 am
Techies nudged to work on societal issues

The Nudge Foundation, a non-profit backed by Infosys cofounder Nandan Nilekani, has invited technologists to work with various state governments to address societal problems.Under the programme called Indian Administrative Fellowship (IAF) technologists would be trained by bureaucrats and mentored by people such as Nilekani, and RedBus founder and former CIO of the Telangana government, Phaninder Sharma.The 18-month programme targets to provide a platform for professionals to partner with the

28 Nov 2020 11:36 am
Is it your cup of tea really to trade in currency derivatives?

The opportunities in forex trading are immense based on the round-the-clock trading window in various time zones across the world.

28 Nov 2020 11:23 am
View: How India can be a Plus One manufacturing destination while reducing dependence on China

While India has managed to capture the services outsourcing wave to become quite the back office of the world, the ability to expand the manufacturing sector with its trickle-down effect will be critical to job creation and balanced growth.

28 Nov 2020 11:19 am
Helmet vaccine: Government bans manufacturing & sale of non-BIS helmets from June 1

NEW DELHI: From June 1, no non-BIS two-wheeler helmet can be manufactured or sold in the country and any violation of this would be treated as an offence. The road transport ministry on Thursday notified the quality control order for two-wheeler helmets to ensure that only safe headgears, which are also termed as helmet vaccine for head injuries, are made and sold in India.Non-wearing or wearing of a poor-quality helmet is the biggest reason for two-wheeler riders dying in road crashes. Welcomin

28 Nov 2020 11:16 am
Agritech during COVID-19: Has it lived up to the hype?

Despite the ongoing pandemic, agtech businesses are playing a crucial role by bringing innovation backed by technology, and solving critical challenges that are hampering the growth of the farming community.

28 Nov 2020 11:16 am
BJP names ex-Bihar Deputy CM Sushil Modi its candidate for RS bypoll

Modi's election to the Upper House is all but certain as the BJP-led National Democratic Alliance has a majority in the state assembly. Election to the seat is due for December 14 if the rival alliance led by the RJD decides to contest.

28 Nov 2020 11:14 am
Ride the tide with caution. Bull run is likely to slow down now

If one were to consider the market in its entirety (FPI + DII), it is inching higher on account of liquidity. However, the momentum is likely to continue only till something unpleasant shakes up the world economy and triggers a correction.

28 Nov 2020 11:06 am
Wall St Week Ahead-COVID-19 vaccine adoption rates are wildcard for U.S. stock rally

To be certain that the world will be back to normal by mid-next year because a vaccine is available is an aggressive assumption, said David Albrycht, chief investment officer at Newfleet Asset Management.

28 Nov 2020 11:03 am
Bitcoin extends decline after biggest slump since pandemic hit

Crypto believers tout a broadening investor base and the search for a hedge against dollar weakness as reasons for a durable boom. Critics point to a history of big swings, including a spectacular boom and bust three years ago.

28 Nov 2020 10:54 am
Tesla, Nikola, Nio and Fisker: Electric carmakers are in a stock market bubble

Teslas market value soared past $540 billion this week equivalent to 250 times its expected earnings this year meaning its now the worlds 10th-most valuable listed business, according to Bloomberg data.

28 Nov 2020 10:47 am
OPEC+ panel's informal online talks postponed to Sunday: Source

OPEC+ is debating whether to ease oil output cuts from Jan. 1, as it previously agreed, or to continue producing at the same rate amid sluggish oil demand and the fallout from the coronavirus pandemic.

28 Nov 2020 10:27 am
Kotak recommends buy for holding cos of Equitas, Ujjivan, sees better risk reward

The brokerage said it is seeing diverging performance for small finance bank shares leading to holding company discount for Equitas Holdings declining to below 30% from around 45-50% levels since listing of the small finance bank.

28 Nov 2020 9:59 am
Its a sweet November for FPI inflows, but will this trend continue?

Fund managers and strategists expect flows into emerging markets to continue in December, although at a relatively moderate pace, with the dollar and other developed market currencies expected to remain under pressure.

28 Nov 2020 9:43 am
Polling begins for first phase of DDC elections in Jammu and Kashmir

Parties including the National Conference, People's Democratic Party (PDP), Peoples Conference and CPI(M), formed the People's Alliance for Gupkar Declaration and are fighting the maiden DDC elections together. National parties BJP and Congress are also in the fray.

28 Nov 2020 9:14 am
U.S. agency opens probe into 115,000 Tesla vehicles over suspension issue

The auto safety regulator said it was opening a preliminary evaluation into 2015-2017 Model S and 2016-2017 Model X vehicles after receiving 43 complaints alleging failure of the left or right front suspension fore links.

28 Nov 2020 8:22 am
Foreign direct investment rises 140% in Q2, Mauritius top source

The commerce and industry ministry last month said that India, in April-August 2020, received the highest ever total FDI for the first five months of a financial year stating that these trends are an endorsement of Indias status as a preferred investment destination amongst global investors.

28 Nov 2020 7:21 am
The curious case of AstraZeneca-Oxford vaccine

Anglo-Swedish drugmaker AstraZeneca (AZ) had an eventful week during which it announced 63% efficacy rate for the vaccine its developing against the Covid-19 virus in partnership with Oxford University. The company announced that in a small subgroup of the trial participants the vaccine showed better efficacy when administered a half dose first and a full dose after a month. This announcement triggered a series of questions on the companys trial protocol. However, on Thursday, the company starte

28 Nov 2020 7:10 am
India Inc needs robust ESG competencies

The niche wave of environmental, social and corporate governance (ESG) investing seen in the past few years is morphing into something way bigger. Covid-19 disruption is hastening its mainstreaming, with investors and issuers realising that the much-bandied terms, socially responsible and profitable, are not mutually exclusive. India Inc would do well to heed the seismic shift.Globally, ESG investments are expected to triple, and cross $100 trillion in the coming decade. Thats a huge commitment

27 Nov 2020 11:31 pm
FDI up 15% to $30 bn during April-Sept

NEW DELHI: Foreign direct investment (FDI) into India grew by 15 per cent to USD 30 billion during the first half of the current fiscal, according to official data. Inflow of FDI during April-September 2019-20 stood at USD 26 billion, as per the data of the Department for Promotion of Industry and Internal Trade (DPIIT). In July, the country had attracted USD 17.5 billion worth of foreign investments. Sectors which attracted maximum foreign inflows during April-September 2020-21 included compute

27 Nov 2020 10:36 pm
We look forward to working with Germany on cooperation in Indo-Pacific: Foreign Secretary Harsh Vardhan Shringla

In an address at a virtual conference on Indo-German ties, Foreign Secretary Harsh Vardhan Shringla referred to Berlin's release of policy guidelines for the Indo-Pacific region, and said that India was happy to note the high degree of convergence between the two countries on the issue.

27 Nov 2020 10:28 pm
India extends anti-dumping duty on some Chinese products

The Central Board of Indirect Taxes and Customs (CBIC) said in a notification on Friday that the duty was earlier extended till November 30, now stands extended further by two months. The duty was first imposed in October 2015 after the Directorate General of Trade Remedies (DGTR) had found that the imports were impairing local industry.

27 Nov 2020 10:20 pm
Karnataka formalises creation of new Vijayanagara district

Vijayanagara will now be the 31st district in the state and will comprise six taluks -- Hospet, Harapanahalli, Hoovina Hadagali, Hagari Bommanahalli, Kotturu and Kudligi.

27 Nov 2020 10:14 pm