At stake is New York’s financial health and its status as the world’s corporate headquarters. There is more square feet of workspace in the city than in London and San Francisco combined, according to Cushman & Wakefield, a real estate brokerage firm. Office work makes up the cornerstone of New York’s economy and property taxes from office buildings account for nearly 10% of the city’s total annual tax revenue. … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?
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The Freezer Is Hot<Frozen food is another surprise breakout. Sales initially jumped by 94% in March from a year earlier, according to the American Frozen Food Institute. That initial rush abated, but even in August, sales remained up almost 18%. Costco, whose sales are up 15% over August a year ago, attributes some of the growth to strong frozen food sales. … [Read more...] about COVID-19 Impact | Seven ways the pandemic has changed how we shop for food
Mishra Dhatu Nigam Ltd (MIDHANI): MIDHANI has a unique business model due to its presence in the niche precision defense and space equipment market and its aggression towards targeting import substitution products to increase its market share.The company’s focus to diversify its products from the current 2-3 sectors to other sectors like railway, oil and gas, automobile, aerospace, etc. will help it to minimize the business risk and improve future revenue visibility.It is believed that the increasing number of launches by ISRO and the government’s focus toward the defense modernization program through 'Make in India' is a positive catalyst for the company.A strong order book in hand provides visibility of nearly 8-10 quarters, new product developments and better margins through cost reduction are other triggers for the company.Hawkins:Hawkins is the second-largest player in the Rs 22,000 crore Kitchen appliance market in India. The organized market for cooker & cookware … [Read more...] about Portfolio strategy: Mix ‘COVID-proof’ and ‘COVID-recovery’ stocks; here are 7 top buys
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about Health Ministry issues post-COVID protocol for recovered patients; here are the details