MARKET REPORTS 

D-Street Buzz: Metal stocks shine led by Hindalco, SAIL; Tata Steel, Vedanta, JSPL rise 3%

Three companies — Hindalco, Steel Authority of India Ltd. (SAIL) and JSW Steel — posted substantial gains Wednesday on a two-day rally that is boosted by hopes that the global trade war may not escalate further. Shares of Hindalco surged 7.4%, SAIL shares rose 4.3% and JSW Steel surged 4.2% on the BSE; they have all risen between 20% and 25% so far in the week.Stocks have mostly risen so far this week, following a strong rally Monday and Tuesday. This was also the fourth-biggest two-day gain for the BSE…

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MARKET REPORTS 

IIT Mandi team develops infusion technology for herbs in the mid-Himalayan region to help farmers

Having raised first $20m in May 2018, the Agriculture and Renewable Energy Partnership in India (ATEI) is generating tremendous excitement as it teams up with MIT to develop new technologies to improve the plant breeding, pest control and fertilization of the mid-Himalayan region. The project involves farmers in Bhore, South Khulna, South West Lakhimpur Khela, North West Bagerhat, North West Jamalpur, North West Barisal, North West Jessore, South West Pirojpur, and South West Kolkata, the very regions hit hard by recent droughts. It is being backed by the UK aid…

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MARKET REPORTS 

HealthPlix Technologies raises $6M financing led by JSW Ventures

New Delhi: New Delhi-based healthtech startup HealthPlix Technologies Pvt. Ltd has raised $6 million in a Series A round of funding from JSW Ventures and a few individual investors, it said in a statement. In addition, Lohia Group has chosen to be an investor in HealthPlix and will distribute the startup’s home monitoring system as part of its initiative to improve nutrition. HealthPlix, founded in 2017 by former JP Morgan banker Sumeet Arora, a Harvard graduate Vishal Chawla and former PricewaterhouseCoopers employee Chandan Dua, has developed a cloud-based intelligent home…

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MARKET REPORTS 

SunPower accesses $1 billion in residential solar and storage loan capital from Tech CU

SunPower announces previously announced investment into residential solar and battery storage Well known manufacturer of solar technology, Powerwall, and installer, SolarCity, will begin to install residential and commercial projects To date, the solar market has been fraught with fear and wasted time for an industry growing too fast, especially after policy changes that made solar and battery storage ineligible for certain tax credits But with late U.S. President Donald Trump’s all-out assault on the renewable energy industry, we might finally see solar take off and accelerate in recent months New…

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MARKET REPORTS 

Google and Apple join hands to develop technology to help health agencies protect user privacy

Business, in truth, is pretty simple. We prefer to use the services of companies that use our data to sell more services to us. (Even if that privacy doesn’t work in our favor, it’s better than none.) Therefore, there are two ways for companies to protect their financial interests. First, they have to get the public to agree that they have to protect our privacy. It may be that the cost to a company’s bottom line is nearly zero if the people we use agree that privacy matters. That’s how…

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MARKET REPORTS 

Non immigrant like H1B visa pivotal to Post Covid 19 recovery: US tech giants to Trump

NEW YORK: As the United States debates trade and immigration, the president has shown a preference for pressing the inward priority of his core backers. The most dramatic example came after the murder of a woman in New York. Trump didn’t mention trade in his speech, but rather addressed the need to patrol and tighten borders, a policy which has long been considered to be a fair trade-off between policy and the need to deter criminals. The president’s protectionist rhetoric has changed, though, over the past two weeks, and it…

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MARKET REPORTS 

You’re Not Alone: The Burnout is Real for U.S. Workers

The US is facing one of the worst employment problems since the recession, a severe slump that’s threatening to take a decade to fix. The biggest culprit? More workers who are showing signs of burnout and chronic fatigue. In a recent study, UNC and LinkedIn surveyed more than 6,000 U.S. workers, and the worst crisis they called their company’s workplace experience: Employee burnout. The study came out of a new book by Ellen Galinsky and her husband Jeffrey Peek, The Productivity Gamble: Unleashing the Power of Purpose and Curiosity in…

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MARKET REPORTS 

Lowe’s Stock Rises on Analyst Upgrade

Lowe’s stock hit a new high after analysts raised their target price following the release of the company’s first-quarter earnings. The company said same-store sales were up 7.3 percent in the quarter and net sales climbed to $14.1 billion, an 8.4 percent increase over the same period last year. Analysts were pleased with the company’s quarter, which showed a jump in customers using online tools to plan their remodeling projects, along with strong sales of new appliances and outdoor living products. They felt Lowe’s was well positioned to capitalize on…

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MARKET REPORTS 

Regal Beloit Upgraded to Outperform From Perform at Oppenheimer

Savvy investors are going through their portfolios and adjusting accordingly, often re-assessing all or part of their portfolio. An excellent example of this is Goldcorp Inc. (GG). The company has a history of continuously generating dividends, and shares have appreciated steadily as a result. Recently they announced a 50% increase in the quarterly dividend, the first of its kind in a decade. This is a welcome signal and follows more favorable sentiment in the gold space as measured by the HUI Gold Bugs Index. A sentiment shift in the gold…

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MARKET REPORTS 

FDA Investigates Accuracy of Abbott’s Rapid Coronavirus Test

Abbott Laboratories voluntarily withdrew its rapid test for the detection of rabies from the US marketplace on Wednesday as it worked with the US Food and Drug Administration (FDA) to resolve concerns about its accuracy. The FDA initiated an investigation of the test in May 2018 following a report of an adverse event. “The FDA recognizes the potentially important role this test may play in the safety and treatment of people who have been exposed to bites or scratches from rabid animals,” Michael R. Taylor, M.D., director of the FDA’s…

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