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Tuesday, 25 February 2020

Stock market update, Donald Trump's India tour, LIC IPO, Apple Watches, TikTok

Donald Trump's India tour, LIC IPO, Apple Watches, TikTok, Vodafone-Idea Stock market update

US President Trump denies India-US trade deal

US President Donald Trump has ruled out the possibility of a trade deal between India and America on his visit to India this time. He said that he likes Narendra Modi very much, but cannot do a trade deal at the moment and it will be considered further. Donald Trump is going to visit India on 24 February. During his visit, it was expected that there would be a trade deal between the two ¯countries.


Vodafone-Idea can get 10 thousand jobs

Vodafone-Idea could lose 10,000 jobs if it had to close its business in India due to the non-payment of adjusted gross revenue (AGR). Let us tell you that Vodafone-Idea has deposited AGR dues of Rs 2500 crore on Monday. The company has appealed to the Supreme Court that the Telecom Department should not take a forced action against it like the Seized Bank Guarantee, as it will cause further harm to the functioning of the company.


LIC IPO

Information about the IPO of Life Insurance Corporation of India (LIC) has come out. The government's Chief Economic Advisor KV Subramanian has said that the government can collect 90 thousand crore rupees by selling 6 to 7% of its shares. This means that the govt. is expecting the valuation of the entire company to be between Rs 13 and 15 lakh crore. Let us tell you that Finance Minister Nirmala Sitharaman while presenting the budget for the financial year 2020-21, had announced that LIC will be launched in the stock market and its IPO will be brought.


Apple sold a lot of watches than the swiss watch industry

In 2019, the Swiss watch industry sold more Watches than the total, Apple alone sold more Watches. Consultancy firm Strategy Analytics says that in 2019, all Swiss watch brands together sold 21 million Watches, while Apple sold 3.1 Watches in the same period. Apple Watch is emerging as a status symbol among the youth and is giving tough competition to Swiss Watches in the mid-range


TikTok is the number one app worldwide

In January 2020, TikTok became the number one app worldwide in the Non-Gaming App category. It was downloaded 104 million times, while WhatsApp, the second number, was downloaded 9 million times. TikTok has also been in controversy over its content in India. TikTok has removed 60 lakh Unfair videos from July 2018 to April 2019.

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