BUSINESS

The company said that Exchange Traded Funds (ETF) are cost-efficient as compared to traditional mutual funds due to a lower commission and higher returns which makes it a valuable wealth product for new to investments users. Trading in ETFs additionally presents new short-term income opportunities for investors.

The market had been going down a spiral ever since the first lockdown in March, 2020. But surprisingly there have been 7 billionaires who have seen a massive $64 billion jump, in their fortunes through this chaotic year. The combined wealth of these 7 billionaires was near the $200 billion mark (at $194.39 billion) on Friday, December 11, after rising a strong 50 per cent so far this year, data compiled from the Bloomberg Billionaire Index showed.

The sale assures deals, discounts and offers on wide range of products including smartphones. The Flipkart Plus members can get early access to these offers on December 17 starting 12 pm. Some of the offers avaliable on smartphones are- Offers on Realme variants: - Realme 6 Rs 14,999 variants offering up to 8GB RAM will be priced at Rs. 12,999. - Realme 6 8GB + 128GB storage variant was priced at Rs. 16,999. - Realme Narzo 20 ProRs 14,999, will be available at Rs. 13,999. - Realme 6i Rs 13,999 can be bought for Rs. 11,999 Offers on Samsung and iPhone variants: - Samsung Galaxy F41 6GB + 128GB storage variant comes for Rs. 15,499, and on an exchange, customers can get up to Rs. 1,000 off. - iPhone XR will be available from Rs. 38,999, with no-cost EMI options at Rs. 6,500 per month. - The 64GB variant premium phone is priced at Rs. 44,900 and the 128GB variant on Flipkart comes for Rs. 49,900. - iPhone SE priced at Rs. 35,900 for the 64GB storage configuration, is available at Rs. 32,999. Offers on Oppo and LG variants: - Oppo Reno 2FRs 21,990 6GB + 256GB storage variant is available at Rs. 15,990 - Oppo F15Rs 19,674 4GB + 128GB storage variant will be offered at Rs. 14,990. - LG G8X ThinQRs 33,490 with 6GB RAM and 128GB onboard storage will be priced starting Rs. 27,990

International quick service restaurant chain Burger King India ltd (BKIL) began its journey on Indian bourses with a stupendous opening garnering a premium of over 92 per cent on the first day of trade on Monday. Against the issue price of Rs 60, Burger King stock opened at Rs 115.35 on BSE, while on the National Stock Exchange, shares made a debut at Rs 112.50, a premium of over 87 per cent over the IPO price.

As per the official data after Union Finance Minister Nirmala Sitharaman's review last week, the Centre has declared the ANBP implementation with others en route - under the pillars outlined by Prime Minister Narendra Modi to pull the country out of the pandemic-cum-lockdown crisis.

The meeting assumed importance as it would bring industry and government together to identify critical areas of reform that would pave the way for reinvigorating growth in the economy hit hard by the pandemic this year. The ideas from the industry would go as valuable inputs for government budgetary exercise for FY22.

According to highly placed sources, Tata Sons which owns the industrial conglomerate Tata Group will send in a direct EoI to buy out the government's stake in the airline. Speculations have been rife over several months regarding Tata's interest in their erstwhile airline.

The Bengaluru-headquartered company said it signed a memorandum of understanding (MoU) with the Tamil Nadu government for setting up the factory which is in line with the firm's aim to make India a manufacturing hub for electric vehicles.

On a sub-segment basis, prices of manufactured items remained at elevated levels with a rise of 2.97 per cent from 2.12 per cent reported for September and (-) 0.84 per cent recorded during October 2019.

Even in the Covid crisis and the subsequent challenging times, the company managed to improve productivity in most business lines and channels and achieve high double-digit growth in the health and personal accident segment, commercial lines, and crop insurance in the first half of this fiscal.