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GameStop and AMC, two wildly popular meme stocks among members of Reddit’s WallStreetBets forum, soared more than 16% and 19% respectively as speculative assets picked up steam. Those gains pushed mark-to-market losses for short-sellers to roughly $8.1 billion for the year
Economy may revive earlier than projected: RBIIncoming data for the month of October 2020 have brightened prospects and stirred up consumer and business confidence. With the momentum of September having been sustained, there is optimism that the revival of economic activ… Read MoreFresh home loans see double-digit growth in Sept-OctLeading home loan providers, such as State Bank of India, ICICI Bank and Housing Development Finance Corporation said that demand for home loans surged. All these lenders have witnessed double-digit growth in home loan advanc… Read MoreIndia has moved from tax terrorism to tax transparency: PM ModiReduction in peak rate of corporate tax to 22 per cent from 30 per cent, going in for appeals only in case of a higher threshold of the disputed tax amount, removal of dividend distribution tax and quick refunds have brought … Read MoreStocks in the news: RIL, LVB, Coal India, SpiceJet, Eicher Motors and PNBAION Capital-backed Clix Capital could walk away from the proposed merger with Lakshmi Vilas Bank if discussion on the deal continue to drag on.
from Stocks-Markets-Economic Times https://ift.tt/3eRCdhZ
… Read MoreAmazon asks Sebi to probe Future Retail for insider tradingAmazon argues it had a 2019 agreement with Future which prevented the Indian group's retail assets from being sold to certain parties including Reliance Industries Ltd, which is led by Asia's richest man, Mukesh Ambani.
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