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Stock Market After Indian Election Results

Thu, 05/23/2019 - 06:00
On the day of counting, early reports suggests that Prime Minister Narendra Modi is going to be at the office for a second consecutive term. The NDA (National Democratic Alliance) led by his party BJP is almost certain to cross the half mark. This is inline with the exit poll results that was published few days earlier. Effect on Stock Market As expected both the NSE Nifty and BSE Sensex indexes to new levels. Nifty is all set to cross the 12000 mark and financial analysis believe that it may go up to 12200. Meanwhile BSE sensex cross  39,900 a
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Virtual Currency vs Cryptocurrency vs Digital Currency

Wed, 05/22/2019 - 14:46
The virtual currency industry is growing bigger and bigger every day. It’s hard to keep up with all the new terms and words that pop up and get invented to try to describe all that is happening in this red hot industry. Especially now that giant companies, like the JP Morgan, are hopping into the bandwagon and are releasing their own coin. According to JP Morgan, their new coin is not virtual money or even cryptocurrency. It will only be available in their bank and will be used to reinvent processes that happen inside the bank, sort of like bonds
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Indian Election 2019: Exit Polls Predict Modi’s Victory

Mon, 05/20/2019 - 01:09
The result of exit polls indicates that Prime Minister Narendra Modi is likely to retain his post. Twelve out of the thirteen exit polls predicted that National Democratic Alliance (NDA) led by Modi’s Bharatiya Janata Party (BJP) will easily win the simple majority in parliament. To form a government in India, the political party or the alliance of parties require a minimum of 272 seats in the 545-member Indian lower house of parliament. The only exit poll that differed from the rest is the NewsX-Neta poll which predicted that NDA will be 30 seats short and a hung parliament. According
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Amazon invests in food delivery company Deliveroo

Sat, 05/18/2019 - 02:04
US eCommerce giant Amazon announced that the company has invested in the latest fund raising of Roofoods Ltd. a UK based online food courier company. Roofoods Ltd which operates in nearly 200 cities across Europe, United Arab Emirates, Hong Kong and Taiwan is branded as Deliveroo. While the exact amount of Amazon’s investment is undisclosed, reports says that the US online shopping leader is the major investor in the $575 million that Deliveroo amassed. In 2016 Amazon started its own food delivery company called Amazon restaurants. However unable to compete with a existing players such as Uber Eats, Just Eat,
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Toymaker Hamleys Acquired by Reliance India

Sun, 05/12/2019 - 10:19
The Indian business giant Reliance reached in an agreement with British toy manufacturer Hamleys to acquire them. The C Banner International Holdings, a Hong-Kong listed company that owns Hamleys signed the agreement with Reliance. According to a statement by Reliance, the deal will “catapult Reliance Brands to be a dominant player in the global toy retail industry”. The Economics Times reported that the deal between the two firms is worth approximately Rs 620 crore (67.96 million GBP) Sources say that Reliance owner Mukesh Ambani the richest man in Asia is preparing to take on Amazon and Walmart in the billion
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