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Top 12 finance news of the day, August 10, 2020

·4-min read

Major finance news today at a glance:

Self-reliance and innovation: what you can learn from India's Atma Nirbhar mission

Prime Minister Narendra Modi in May announced a special economic package to give a boost to the embattled economy that was brought to a screeching halt by the coronavirus pandemic. It was also aimed at providing financial support to those who had taken a hit during the lockdown. Making the announcement, PM Modi gave the clarion call for Atma Nirbhar Bharat to tide over the coronavirus crisis. Read more

How to manage your home loan like a pro

Are you excited about moving into the house of your dreams? Yay! We’re happy for you too! Did you take a Home Loan to make this dream come true? That’s awesome! You now need to manage it well. Read more

Home loan interest rates of govt banks for loans up to Rs. 30 lakh

Home loan interest rates are on a decline. If you are planning to buy a home through a loan, this is a good time to take a home loan. Take a look at the latest home loan interest rates offered by public sector banks to know which is offering the lower interest rate. Read more

Gold vs Mutual Funds: where should you invest?

For Indians, gold has traditionally been the preferred investment option. Not only is it a hedging tool against uncertainty, the yellow metal is also believed to be an effective instrument for countering inflation. Indians have an emotional attachment with the precious metal which gives it a prized spot in their investment portfolios. However, over the years, another form of investing has gained tremendous popularity amongst investors: mutual funds (MFs). The prospect of impressive long-term returns, ease of investing, risk-mitigation tools such as SIPs, and tax-efficiency are the key features that have attracted investors to them. Read more

We're still working on deal to invest in Reliance Industries, says Saudi Aramco CEO

Saudi Aramco's Chief Executive Officer (CEO) Amin H Nasser said the oil major is still working on a deal to invest in Reliance Industries Limited (RIL), Bloomberg reported on August 8. Read more

TikTok could merge with Twitter: report

Twitter Inc is in early talks about a potential merger with TikTok, according to a Dow Jones report citing people familiar with the matter. The report said that it's unclear whether Twitter will pursue a deal, which would involve TikTok's US operations. Read more

'Desi' dating app QuackQuack crosses ten million user mark

Dating platform QuackQuack announced on Monday it has crossed the ten million Indian user mark. The platform said it added one million users in just over two months during the lockdown to achieve the feat.

Anand Mahindra tweets video of Tesla being charged by Honda generator, calls "Jugaad" Hilarious

We Indians ace the show when it comes to jugaad. There is absolutely nothing which has not been experimented by us, especially in terms of technology. Entrepreneur Anand Mahindra often keeps sharing such jugaad videos on his Twitter handle. This time, he has posted another video, however, it is not from India. Read more

Won't rush COVID-19 vaccine, safety & quality is paramount: Bharat Biotech chairman on phase I trials

The Hyderabad-based pharma firm- Bharat Biotech has completed phase-I clinical trials for its vaccine candidate against Covid-19. Claiming that the company would not succumb to pandemic pressure, chairman Krishna Ella said that they can not rush the vaccine-making procedure. Read more

SpiceJet becomes 1st Indian budget carrier to operate long-haul flight to Canada

Airline major SpiceJet on Saturday became the first Indian budget carrier to operate a long-haul wide-body charter flight to North America. The airline repatriated 352 Canadian nationals and permanent residency holders from New Delhi to Toronto on Saturday. The airline chartered a wide-body Airbus A330-900 Neo aircraft for the purpose. Read more

This NY-based video analytics startup uses AI to predict customer engagement

Video analytics is now often talked about in mainstream conversations. Many of us have a very Orwellian view due to some governments reportedly using facial recognition technologies to study the social behaviour of individuals. But video analytics is much more than just that. The businesses that employ it require technological capabilities in computer vision and the use of machine learning. Read more

Hyper lychee aims to make a clean sweep with electric scrubber that simplifies household chores

The COVID-19 pandemic and subsequent lockdowns brought urban India face to face with a harsh reality: our dependence on domestic help. We learnt to cook, scrub, clean, and wash, and often wondered why we did not invest in a dishwasher or a washing machine. Read more