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Top 20 finance stories of the day, June 30, 2020

Big financial updates of the day at a glance:

Nifty ends lower, gives-up day’s gains

After trading with gains for most of the day, benchmark indices, the Nifty and the Sensex both ended the day marginally lower. Read more

India bans Chinese apps: How much does this hurt China?

China is set to lose millions of users once India enforces the ban on 59 apps of Chinese origin in the backdrop of the Galwan clash. This approach unlike the talked-about trade ban is unlikely to hurt Indian businesses much. Here is why.

Tips to invest for retirement

Saving money to fund a comfortable retirement is perhaps one of the biggest reasons people invest.We all know that for a comfortable life after the retirement age you need to save and have enough money.Well this is now you know and in this video we are going to discuss certain tips which will help you invest for your retirement. Watch video

Global online payments industry report 2020 :Payment behaviour is changing due to COVID-19

Consumers' payment behavior is changing as a result of the coronavirus outbreak, according to the report. Nearly 50% of global shoppers were using digital payments more than before the pandemic, and the majority plan continues doing so after the virus is contained. E-Wallets and contactless cards are the top payment methods benefitting from this change, as consumers use less cash and make more purchases online. In an international survey cited in the report, close to three-quarters of respondents found that contactless was a cleaner way to pay. Read more

‘What about Paytm?’ Twitter abuzz after India bans Chinese apps

Hours after the Indian government announced a ban on 59 Chinese mobile apps on Monday, 29 June, including TikTok, UC Browser and others, social media users have questioned the government’s silence on Paytm, a popular e-payment app that has substantial Chinese investment. Read more

India ramps up military might, confident it would prevent misadventure by China

Amidst the tensions with China, India has been ramping up its resources along the Line of Actual Control amidst the tense stand off with China. Sources familiar with the developments tell OneIndia that both sides are on a heightened state of readiness and there are currently no signs of the tensions easing. Read more

Honda WR-V BS6 India launch on July 2: Here are all the details

The 2020 Honda WR-V will be launching in India on July 2nd. The company has announced the launch timeline on its social media handle. The pre-booking for the upcoming compact-SUV is already underway. Read more

Tycoon who spent $82M on his daughter’s wedding declared bankrupt

A bitter feud between two of the world’s richest brothers has culminated in one of them being declared bankrupt with debts of $160 million. Read more

Chinese app ban: Censoring Indian web to make a geopolitical point

In a move that is seen widely as a response to the stand-off along the LAC, the government on Monday, 29 June, announced a ban on 59 apps, all of them Chinese-owned, including the hugely popular TikTok. Read more

4000 tonnes Cargo from China, Hong Kong on hold in Bengaluru

Amidst the ban on Chinese apps imposed by the Indian government, over 4,000 tonnes of cargo from China and Hong Kong are on hold in Bengaluru. It is held by the office of the Bangalore Customs at KIA (Kempegowda International Airport) and Inland Container Depot located in Whitefield over the last five days. There is a backlash among traders as there isn't any government order for the same. Read more

Ban on these Chinese apps might leave women users in despair

Taking the anti-Chinese sentiment to the next level, the Center has blocked 59 Chinese apps including household names such as TikTok, UC Browser, WeChat, etc. This move comes due to the ongoing tension along the border. The Indian government has announced that it will disallow the usage of these apps on both mobile and non-mobile devices. This move is meant to avoid the use of apps that divert data and eliminate privacy issues. Read more

Microsoft to open new campus in Uttar Pradesh, will employ 4,000 people

Microsoft India will set up its campus in Uttar Pradesh, giving a major boost to the state's efforts to bring in investments. This will ensure employment to about 4,000 persons in the state. An agreement through a virtual discussion has been reached between Microsoft India managing director, Rajiv Kumar, and UP MSME minister Sidharth Nath Singh. Read more

'It's been a bit crazy': Pandemic leads to six months of global market mayhem

Probably the best thing to say about world financial markets so far this year is simply that it has been quite a ride. If somehow you missed the coronavirus slamming the global economy like a wrecking ball, current market levels certainly do not reveal the wild swings that unprecedented events unleashed. Read more

World Social Media Day 2020: Date, history and significance

There was an era of telephone, then the fax machine, and then the social media that remodelled the way of communicating. Since its creation, it has changed the way how people connect with each other. With the use of social media, family and friends can meet-up at any moment. It has also changed the way how marketers reach consumers. Because of its huge impact in our lives, World Social Media Day is observed on June 30. World Social Media Day 2020 falls on Tuesday. Read more

Your view: 'BJP says 'Make in India', but buys from China' says Rahul; agree?

Following Govt’s ban on Chinese apps, former Congress chief Rahul Gandhi posted a data chart showing that imports from the neighbouring country had increased after 2014. "Facts don't lie. BJP says: Make in India. BJP does: Buy from China," Rahul Gandhi tweeted. Do you think that Rahul is justified in accusing the BJP govt of double standards at such a critical time when the government has taken a hard stand against Chinese goods and services? Or do you agree with Rahul? Share your views

Roposo, Chingari, ShareChat gear up to replace TikTok, Helo after Chinese apps ban

Indian social media platforms look to see an uptick in growth in light of last night’s ban on 59 Chinese apps, as enforced by the government of India. While some claim to be seeing instantaneous growth surges, other platforms are more pragmatic about the approach, while stating that the ban on services like TikTok, Helo and Likee will definitely create ripple effects in the homegrown social media industry of India. Read more

4 financial planning thumb rules that actually work

Financial planning can be cumbersome. As it requires us to excel in in all aspects surrounding it. These include investing, insurance, estate, tax planning etc. What makes it even more complicated is that it requires us to make decisions. Read more

Ruchi Soya rose 8,988% in 103 days: 4 reasons to stay away from the stock

Ruchi Soya, the edible oil making company that went bankrupt last year has been on a relentless climb in market value, entering the top 60 companies listed in the Indian stock exchanges (in terms of market cap) last week. After being relisted on 27 January at Rs 16.9 per share, the stock has made an almost ridiculous surge of 8,988 percent to touch a 52-week high of Rs 1,519.65 on Friday, 26 June. Read more

Ride-hailing giant Ola adds tipping option to its app

You can now tip your Ola driver. The Indian ride-hailing giant said on Tuesday that it has rolled out this feature to its users in India, Australia, New Zealand and the United Kingdom -- all the nations where it currently operates. Read more