Intel shares soar nearly 8% after multibillion-dollar chip deal with Amazon

Intel shares soar nearly 8% after multibillion-dollar chip deal with Amazon

Shares of Intel Corp. soared as much as 8 per cent on Tuesday after a chip-making deal with Amazon’s cloud business was announced. At 1:08 pm EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent. On Monday, Intel shares had gained 6.4 per cent. The deal provides some respite to Intel’s investors … Read more

Credit Cards: 5 pitfalls you must avoid to maximise your benefits

Credit Cards: 5 pitfalls you must avoid to maximise your benefits

Credit cards are quite useful in managing your financial requirements. For individuals with a stable but fixed income, especially the salaried, credit cards are a handy tool as it allows you to meet expenses without spending your earnings immediately. The credit free period of 18-55 days offered by most issuers, which come with multiple reward … Read more

Clues to the future of AI? Deutsche Bank research lists THESE five themes to watch

Clues to the future of AI? Deutsche Bank research lists THESE five themes to watch

Deutsche Bank, in its research report on artificial intelligence titled ‘Latest in Al: Five clues to the future of Al in recent headlines’, has listed the themes to watch for in the space. Noting that AI is “as hot as ever”, with AI and ChatGPT still dominating Google search trends, the report also recalled older … Read more

Investors should diversify in large caps and flexicaps to limit correction impact: Aamar Deo Singh of Angel One

Investors should diversify in large caps and flexicaps to limit correction impact: Aamar Deo Singh of Angel One

Aamar Deo Singh, Sr. Vice President of Research, Angel One, believes that the valuations are relatively expensive across sectors, and investors definitely need to be more prudent and cautious in stock picking and not get carried away by market euphoria. In an interview, Singh advised investors that in the current market environment, they should look … Read more

The invisible burden on low-income workers that’s equivalent to a 35% tax paid by crorepatis

The invisible burden on low-income workers that’s equivalent to a 35% tax paid by crorepatis

“This tax is as high as 35%, the same as what people earning above ₹1 crore pay,” said Harsh Roongta, founder of Fee Only Investment Advisers. How so? That’s because of compulsory contributions to state insurance schemes and pension funds that are “akin to a tax” because of the difficulty in accessing the benefits or … Read more

From lounge access to free flights: Discover the most rewarding luxury credit cards

From lounge access to free flights: Discover the most rewarding luxury credit cards

Credit cards are a very under-rated tool in the financial services industry. It is a tool that can reward you handsomely if used wisely for your day-to-day expenses. Credit cards range from beginners to luxury cards that can reward you handsomely. The rewards can range from cashbacks to flight tickets (from economy to first class). … Read more

Carlyle Revives IPO Plans for Chemical Firm Nouryon

(Bloomberg) — Carlyle Group Inc. has revived plans for an initial public offering of specialty chemicals producer Nouryon, according to people with knowledge of the matter, as private equity firms globally gear up for a rebound in listings. The US buyout group has asked investment banks including Barclays Plc and Goldman Sachs Group Inc. to … Read more

Why Nithin Kamath-funded SundayGrids shouldn’t be seen as an investment

Why Nithin Kamath-funded SundayGrids shouldn't be seen as an investment

The concept is simple: For those living in apartments without enough space to install solar panels, SundayGrids helps you buy solar panels that are put up elsewhere. The electricity generated by these offsite panels is credited against your electricity bill. It’s a novel solution that makes users feel like they have solar installed at their … Read more