Gold prices hit a two-month high on Tuesday, lifted by a lacklustre dollar as investors awaited the US Senate runoffs in Georgia that will determine which party controls Congress and prospects of additional fiscal stimulus. Spot gold was up 0.12 per cent to $1,946.52 per ounce by 9.16 pm IST, after hitting its highest since November 9 at $1,947.96. “Much will depend on the outcome of the runoff elections in the state of Georgia in the US and there are certainly hopes among market participants that the Democrats are to win…

January 4, 2021 6 min readOpinions expressed by Entrepreneur contributors are their own. History has proven that pandemics and outbreaks have pushed forward the evolution of ecommerce.  In 2003, Alibaba had to quarantine almost all its staff due to the positive SARS diagnosis of one staff member. This period became the incubation period where Jack Ma perfected the Taobao website and launched his first C2C eCom platform. The SARS coronavirus pandemic was a buffer for Taobao and Alibaba as a whole, as they registered immense profits.  During pandemics, online transactions become habitual for a large chunk of the world’s…

The country’s Insurance Regulatory and Development Authority (Irdai) has maintained the obligatory cession of each general insurance policy that is to be reinsured with an Indian firm at 5 per cent for FY21. “The percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian reinsurer(s) shall be 5 per cent in respect of insurance attaching during the financial year starting April 1, 2021, till March 31, 2022, except the terrorism premium and premium ceded to Nuclear Pool, wherein it would be made ‘NIL’,” Irdai said. …

Gold started the new year on a high in the international market by notching an eight-week peak on Monday, as the dollar slipped broadly to mid-2018 lows with investors selling it for just about everything else in the Asia session, wagering the world’s pandemic recovery would drive other currencies higher. The rupee closed at a four-month high of 73.02 after appreciating 9 paise. Oil, too, touched multi-month highs on expectations Opec (Organization of the Petroleum Exporting Countries) and allied producers may cap output at current levels in February and on hopes that vaccines may curb the…

December 30, 2020 10 min readThis article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.Opinions expressed by Entrepreneur contributors are their own.The story of someone you trust can save your life or quarantine you for many months. If your friend who has already been vaccinated tells you that the medicine works, you will go for the vaccination. There are ideological currents that, out of ignorance, slander or look for conspiracy theories where there is none. Better listen to the doctor.These days many countries have started their vaccination campaigns…

Bitcoin, the world’s largest cryptocurrency, topped $34,000, just weeks after passing another major milestone. The currency gained as much as 7.8 per cent to $34,182.75, before slipping to about $33,970 as of 3:05 p.m. on Sunday in Singapore. It advanced almost 50 per cent in December, when it breached $20,000 for the first time. The latest gains top an eye-popping rally for the controversial digital asset in 2020, which rebounded sharply after a severe crash in March that saw it lose 25 per cent amid the coronavirus pandemic. The…

Developing your brand identity is far more than just a logo.Free Book Preview Ultimate Guide to Facebook Advertising Get a glimpse of how to use Facebook’s marketing resources to your business’s advantage. December 30, 2020 3 min readOpinions expressed by Entrepreneur contributors are their own. A brand identity consists of the business values, and how the brand communicates those values through its products and services. It’s what the brand says, how it is visually represented with images and design, and what the brand intends customers to feel when they interact with its products. Essentially, a brand identity is…

The government on Thursday kept the interest rates on small savings schemes, including PPF and NSC, unchanged for the January-March quarter amid moderating bank deposit rates. Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively. Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis. “The rates of interest on various small savings schemes for the fourth quarter of 2020-21 ending on March 31 shall remain…