"From a technical point of view gold may face some resistance around $1,900-$1,905," said Howie Lee, economist at OCBC Bank, adding, the bullion’s move higher depends on clarity on fresh U.S. fiscal stimulus. … [Read more...] about Gold hits one-week peak as softer dollar, worsening COVID-19 pandemic lift appeal
Imf on fiscal stimulus
Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time. … [Read more...] about IMF says Indian economy likely to fare worse than some global and South Asian peers
After a Thanksgiving break during which many Americans stayed at home due to an alarming spike in COVID-19 infections, Congressional lawmakers are back this week for the final legislative days of the year. Even as the pandemic continues to spiral out of control, Democrats and Republicans have yet to agree on a stimulus and relief package that millions of people so desperately need—and have needed for months. Here’s the latest update as we head into December: … [Read more...] about Stimulus update: Here’s the latest on second checks and unemployment as Congress returns
The Finance Commission (15th FC) in its report for 2020-21, had recommended a marginal reduction in vertical devolution of the divisible tax pool to 41 percent from 42 percent, primarily due to the then newly formed union territories of Jammu and Kashmir and Ladakh getting funds out of the centre’s share and devolution being for 28 states compared to 29 earlier. The centre had accepted the Commission’s recommendations. … [Read more...] about 15th Finance Commission completes report, to submit to President on November 9
For Mindtree, both deal wins as well as the pipeline of deals remains strong. At the end of FY18, the pipeline of deals overall was 32 percent higher than previous fiscal with the pipeline of digital much higher at around 66 percent. The company expects a better win ratio in deals and the high customer satisfaction ratings too points to a better future. … [Read more...] about Mindtree: How should investors read into the possible change in control?