Passive strategy has now controlled almost 60% of US equity assets while quant funds control another 20% and that is a staggering 80% of total combined that is being controlled by passive strategies, says Shiv Sehgal, Deputy CEO, Capital Markets, Edelweiss. What kind of signals are you getting as far as global markets are concerned? … Read more
The US Department of Defense said Friday it is sticking with its decision to award a $10 billion (roughly Rs. 73,480 crores) cloud computing contract to Microsoft, despite Amazon’s claims that President Donald Trump improperly influenced the process. After a second look at proposals for the “JEDI” cloud computing contract, the Pentagon concluded anew that Microsoft … Read more
Pune: Tech Mahindra today announced that it was teaming up with Amazon Web Services (AWS) to build solutions based on blockchain technology. Tech Mahindra will introduce blockchain solutions built on Amazon Managed Blockchain to global customers using AWS and other leading organizations across the globe. The company is an AWS Partner Network (APN) Advanced Consulting … Read more
NEW DELHI: Kishore Biyani, popularly known as KB among colleagues and considered as the pioneer of modern retail in India taking convenience shopping to the masses, is finally bowing to the winds of change blowing across the sector, giving the control of what he nurtured for over three decades to Reliance Retail. Biyani (59), who … Read more
BENGALURU: After Amazon India, Walmart-owned Flipkart is looking to enter the e-pharmacy space as demand for online medicine delivery remains strong, two people aware of the matter said. Flipkart is building its own team internally for the e-pharmacy business. But it has also held early stage partnership talks with PharmEasy even as the Mumbai-based e-pharmacy … Read more
Pune: More than 50 American technology firms including Microsoft, Amazon and Facebook have filed a brief in a California court on Monday, supporting a lawsuit challenging the temporary ban on the entry of non-immigrant visa holders into the US.These technology companies, among the world’s largest, said the visa restrictions would hurt American business, rather than … Read more
New Delhi: Homegrown FMCG firm Dabur on Friday announced the expansion of its baby care portfolio with the launch of eight new Ayurveda-based products looking into the growing demand of baby care products. Dabur has launched the new baby care products on e-commerce platform Amazon, where these would be exclusively available, the company said in … Read more
The S&P 500 and Dow closed lower on Thursday after data painted a worrying economic picture on a crucial day for corporate earnings reports, while President Donald Trump exacerbated investor nervousness by floating the possibility of delaying the U.S. presidential election. The main earnings focus on Thursday was on reports from high-flyers including Apple Inc, … Read more
WASHINGTON: Four Big Tech CEOs, Facebook‘s Mark Zuckerberg, Amazon‘s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple, are set to answer for their companies’ practices before Congress as a House panel caps its yearlong investigation of market dominance in the industry. The powerful executives are set to defend their companies as buttressing … Read more
Probably it is time for Reliance to cool off a bit and that will be good for a bigger run in the future. If it cools off, that will be the right opportunity to buy this stock. One should definitely look at it then, says the Valentis Advisors Fund Manager. After an action-packed week, it … Read more