January 2021 (Page 2)

The 800% rise in GameStop shares placed the founder and former CEO of Chewy in the billionaire category in record time.

Entrepreneur’s New Year’s Guide

Let the business resources in our guide inspire you and help you achieve your goals in 2021.


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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


This week, GameStop shares drove Wall Street crazy, due to a massive buyout by Reddit users. The stunt skyrocketed shares in the video game company, causing heavy losses for some and millionaire profits for others.

Such is the case of businessman Ryan Cohen , founder and former CEO of Chewy , an e-commerce of pet supplies. The 35-year-old investor became a billionaire, thanks to the plays of the stock market and the initiative of the ‘redditors’. His fortune rose to an estimated 1.7 billion


were among the top losers on the bourses on Friday.


The BSE Auto Index declined 2.95 per cent on Friday, and was the biggest sectoral loser with the exception of telecom operators.


The BSE Telecom index was down 2.97 per cent.


In comparison, the benchmark Sensex closed the session with losses of 1.26 per cent. This was the worst show by the auto index in the last three months.


Friday’s sharp correction breaks the momentum in the auto index, which had been one of the rally leaders since the March 2020 lows.


The auto index has more than doubled since March 23, 2020, against a 78 per cent rally in the Sensex during the period.


The country’s largest carmaker Maruti Suzuki was, however, the biggest index loser and saw a 5 per cent decline in

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Your may look great… but it may also be hurting your .

Why? Because it wasn’t build with your audience in mind.

To find out what’s wrong, we set up an unusual consulting session between an entrepreneur and a consultant—and filmed it so you can benefit too.

Matt Doll runs American Fire Glass, which makes glass and other accessories for fireplaces, and is in the midst of a giant change. For 15 years, his business was entirely wholesale—but once Covid hit, he pivoted towards direct-to-consumer online. We connected him with digital marketing expert Terry Rice, who spotted some big problems


Introduction: Indian investors have been investing in international mutual funds for about seven years or more now. But over the past couple of years, many platforms have become available that allow you to invest directly in US stocks and ETFs. Interest in such direct investing is growing now.


Why do Indian investors need to invest in foreign equities at all? The costs involved when you invest directly in foreign markets? What are some of the precautions that direct investors in foreign equities need to exercise?



In this podcast, Sanjay Kumar Singh, Senior Assistant Editor at Business Standard explains the pros and cons of the direct investment route


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country


The coronavirus-induced suspension of scheduled international passenger flights has been extended till February 28, aviation regulator said on Thursday.


“However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis,” the Directorate General of Civil Aviation added.



Scheduled international passenger services have been suspended in India since March 23 due to the pandemic. But special have been operating under the Vande Bharat Mission since May and under bilateral “air bubble” arrangements with selected countries since July.


India has formed air bubble pacts with around 24 countries including the US, the UK, the UAE, Kenya, Bhutan and France. Under an air bubble pact between two countries, special can be operated by their airlines between their territories.


The circular also said that the suspension does


The benchmark indices fell more than a per cent for a fifth day in a row as foreign portfolio investors (FPI) intensified their selling ahead of the Budget on Monday.


A sharp fall in the US on Wednesday and weak opening in other Asian weighed on sentiment of domestic investors causing the Sensex to drop nearly 900 points in intra-day trade. The Sensex ended at 46,874.4, down 535 points, or 1.1 per cent whereas the fell 150 points, or 1.07 per cent, to end the session at 13,817.


The correction in has led to speculation about asset bubbles and further pullback predictions.


“Markets have turned cautious after the unidirectional upside of the last 10 months. Ambiguity ahead of the budget and profit booking in the global market has curtailed the enthusiasm. Global risk parameters have increased despite