General Trading Chat

[timepass]

I thought that the lockdown was good for digital India, but it seems that the black money is going up

Cash in circulation up 10% since lockdown

https://timesofindia.indiatimes.com...up-10-since-lockdown/articleshow/77753902.cms

 

[siddhant4u]

I thought that the lockdown was good for digital India, but it seems that the black money is going up

Cash in circulation up 10% since lockdown

https://timesofindia.indiatimes.com...up-10-since-lockdown/articleshow/77753902.cms

RBI is not telling truth about this either... cash circulation was higher before lockdown itself. check detailed response on Vivek Kaul's blog on same topic.

 

[timepass]

This does not come as a news for the markets, does it ?

Economy may contract 3-9% in FY21, says McKinsey
2 min read . Updated: 26 Aug 2020, 01:00 PM ISTGireesh Chandra Prasad

• The pandemic induced economic shock could put the banking system under stress, leading to a rise in bad loans by 7-14 percentage points in FY21, if the financial strain on households, small businesses and corporations is unmitigated

https://www.livemint.com/news/india...3-9-in-fy21-says-mckinsey-11598423788361.html

 

[timepass]

10000 IT workers in India may lose their jobs

Accenture To Cut 5% Of Global Workforce: Sources
The move by the Dublin-based company comes amid increasing COVID-19 cases across the world, forcing many businesses to trim their operations and let go some of their workers.
https://www.ndtv.com/business/accen...global-workforce-to-lay-off-thousands-2285587

 

[iwillwin]

10000 IT workers in India may lose their jobs

Accenture To Cut 5% Of Global Workforce: Sources
The move by the Dublin-based company comes amid increasing COVID-19 cases across the world, forcing many businesses to trim their operations and let go some of their workers.
https://www.ndtv.com/business/accen...global-workforce-to-lay-off-thousands-2285587

in the age of digitisation....many work processes, operations become obsolete or redundant....this job cuts will be across industry

 

[timepass]

TV News : Telecom data says that last month, Airtel and Idea lost a lot of customers and Reliance gained a lot of customers.

Hence the upmove in RIL.

Here's the news item :

https://timesofindia.indiatimes.com...in-may-jio-bsnl-gain/articleshow/77765861.cms

Meanwhile, the RBI Governor is addressing some conference; nothing big so far.

 

[timepass]

Honda goes small with first all-electric car Honda e
2 min read . Updated: 27 Aug 2020, 08:19 AM ISTReuters

• The Honda e has a battery capacity roughly half that of the Model 3, driving just 280 kilometres per charge.

https://auto.hindustantimes.com/aut...-all-electric-car-honda-e-41598496309465.html

This will happen in India too. What I don't understand is why electric cars are more expensive than petrol/diesel cars, whereas electric two wheelers are cheaper.

 

[doctorshah]

Honda goes small with first all-electric car Honda e
2 min read . Updated: 27 Aug 2020, 08:19 AM ISTReuters

• The Honda e has a battery capacity roughly half that of the Model 3, driving just 280 kilometres per charge.

https://auto.hindustantimes.com/aut...-all-electric-car-honda-e-41598496309465.html

This will happen in India too. What I don't understand is why electric cars are more expensive than petrol/diesel cars, whereas electric two wheelers are cheaper.

Electric four wheeler run on Lithium batteries so they are costly. Two wheelers mostly run on lead acid batteries so they are cheap. ones which run on lithium battery they are costly.

 

[timepass]

So, do we buy the USD or sell it ?

Dollar on backfoot as investors look for dovish Fed signals

https://www.investing.com/news/fore...investors-look-for-dovish-fed-signals-2277978

 

[Dr. Jan Itor]

Retail money is chasing penny stocks like crazy!
Penny stock boom sparks 4,300 per cent gain in Indian firm with no sales

https://www.thehindubusinessline.co...g-penny-stocks-like-crazy/article32452769.ece