Alphabet revenue dropped in Q2 2020, the first decline since going public

Google parent Alphabet’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic. Shares of Alphabet fell 1.2% to $1,518.85 after it released the second-quarter results.

Incremental working-age population

• By 2030, close to 1/5 of the world’s working-age population will be Indian. • An average of 10 million Indians will join the working-age population each year until 2030 (110mn cumulative; close to the population of the Philippines). • China’s working-age population, peaked in 2015 and is on track to decline by 27mn by… Continue reading Incremental working-age population

Digital Tax in India: 2% Equalisation levy

Introduced in the Finance Act 2016, an “equalisation levy” at the rate of 6% (on the nonresident companies indulged in the digital advertisement space) sought to address the tax-related challenges by the growing digitization of the Indian economy. Effective from 1 April 2020, the scope has been widened to cover the levy of 2% on… Continue reading Digital Tax in India: 2% Equalisation levy

10th India Investment Conference by CFA Society India.

10th India Investment Conference

Key points from the talk by Sir Howard Davies (Chairman of the Royal Bank of Scotland and the former Director of London School of Economics): ⁃ More cash has gone into shadow banking which is less regulated and transparent. ⁃ Big tech (like Google) is keen on fintech. The question is whether fintechs can get… Continue reading 10th India Investment Conference by CFA Society India.

MeitY Startup Summit 2019

Focused on Deep tech and the associated use-cases. India can utilize massive data since the associated demographics is supportive. India needs to create data sets, in healthcare, education as it’s the key to creating innovative solutions. 10,000 startups which Meity envisages to create would be easy to create if the government provided the datasets through which startups can be built.