Business Live: Shares hit record highs as central bank keeps rates steady; RBI says economic growth to turn positive in H2

The benchmark stock indices opened the day on a bullish note looking ahead to the RBI’s policy announcement.

Join us as we follow the top business news through the day.

2:00 PM

COVID-19: Zydus Cadila gets DGCI nod for phase 3 clinical trials with biological therapy

Drug firm Zydus Cadila on Friday said it has received the approval from the Drugs Controller General of India (DCGI) to start phase 3 clinical trials with its biological therapy PegiHep in COVID-19 patients.

The company had completed the phase 2 clinical trials with PegiHep last month.

In a regulatory filing, Zydus Cadila said it has received approval from the DCGI to start the phase 3 clinical trials in COVID-19 patients with its biological therapy Pegylated Interferon alpha-2b or PegiHep.

The trials, which will commence in December, will be conducted on 250 patients across 20-25 centres in India, according to the filing.

Sharvil Patel,

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Stock market rally: I’d buy dirt-cheap UK shares today and hold them forever

There’s no guarantee a stock market rally will follow 2020’s stock market crash. However, the past performance of UK shares suggests it’s very likely to take place over the coming years.

As such, buying dirt-cheap UK shares now and holding them for the long term could be a sound move. It may enable an investor to make attractive capital returns as company profits and investor sentiment strengthen following a tough 2020.

Buying and holding dirt-cheap UK shares ahead of a stock market rally

A stock market rally could lift the valuations of today’s ultra-cheap UK shares. It seems likely to take place over the coming years, since every previous market downturn has been followed by a bull market that has produced new record highs. There may not necessarily be a fast-paced market rally in 2021. However, a buy-and-hold strategy could allow an investor to take part in a likely rise

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Bridgetown Holdings Limited Announces the Separate Trading of its Class A Ordinary Shares and …

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Hong Kong, Dec. 03, 2020 (GLOBE NEWSWIRE) — Bridgetown Holdings Limited (the “Company”) announced today that, commencing December 7, 2020, holders of the 59,499,351 units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. Class A ordinary shares and warrants that are separated will trade on the Nasdaq Stock Market LLC under the symbols “BTWN” and “BTWNW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on the Nasdaq Stock Market LLC under the symbol “BTWNU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order

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Still Standing: Tom Dreesen shares classic show business tales and more in new book

Comedian Tom Dreesen’s illustrious show business career spans decades. He has done it all from appearing multiple times on ‘The Tonight Show Starring Johnny Carson’ to Opening for Frank Sinatra for years, and he has delighted generations of audiences with his terrific and original standup comedy.

He has chronicled it all in his new book: “Still Standing: My Journey from Streets & Saloons to the Stage & Sinatra” which is available now and makes a great Holiday gift. This morning on ‘The Rhode Show’ we aired Part One of Brendan Kirby’s engaging chat with this master of the stage. Join us tomorrow for Part 2!

To purchase Tom’s book head to: https://www.amazon.com/Still-Standing-Journey-Streets-Saloons/dp/1642933600/ref=sr_1_1?dchild=1&keywords=to+dreesen&qid=1606963457&sr=8-1

To learn more about his fascinating show business career, visit: http://tomdreesen.com

Rhode Show Content DisclaimerThe information, advice and answers displayed in The Rhode Show section of WPRI.com are those of individual sponsors and guests and not

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How I’d find top growth shares to buy at cheap prices in December 2020

Taking the time to find top growth shares to buy at cheap prices could be a worthwhile move in the long run. It may allow an investor to take part in improving company performances, while benefiting from a potential increase in valuation over the coming years.

Through focusing on solid businesses operating in sectors with strong growth outlooks, but that face challenging near-term prospects, it may be possible to capitalise on the stock market’s future growth potential.

Identifying top growth shares in attractive sectors

Top growth shares are likely to deliver improving profitability in the coming years. That is because of the attractive prospects for the industries in which they operate. If they have weak operating conditions in the years ahead, they are more likely to record disappointing sales and profit growth.

As such, identifying industries with attractive growth prospects could be a sound move. This process may understandably be

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Cheap Shares: 1 tech stock I think can double my money!

Cheap shares are hard to come by, but this tech stock is looking like a bargain to me. Why is that? Well, it’s all about the changing world we live in.

The pandemic has created a semi-permanent shift in the average working lifestyle. Due to safety concerns, many employees are now working from home. Yes, the announcement of multiple vaccines means the pandemic may be over soon. However, an estimated 25%-30% of people will continue working from home even after Covid-19 becomes a chapter in the history books.

That actually makes a lot of sense from a business point of view. Many employees can do their job as effectively from home. In that case, there’s no need to spend money renting costly offices.

Video conferencing tech stocks in the pandemic

Tech stocks like Zoom Video Communications have flourished under current market conditions. The sudden need for remote working solutions resulted

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2020 stock market recovery: how I’d invest in dirt-cheap UK shares to retire rich

A stock market recovery from the 2020 market crash is likely to take place, judging by the past performances of the FTSE 100 and FTSE 250. They’ve always bounced back from their declines to post fresh record highs.

As such, buying a diverse range of dirt-cheap UK shares now could be a shrewd move. It may enable an investor to maximise their returns in a likely stock market rally. Doing so could improve their chances of building a nest egg from which they may retire earlier than previously planned.

Investing in dirt-cheap UK shares ahead of a stock market recovery

Despite showing signs of a stock market recovery in recent weeks, the FTSE 100 and FTSE 250 continue to trade significantly down on their 2020 starting prices. As such, many shares are priced at low levels relative to their averages over the past few years.

Buying stocks at a

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France’s Orange to bid for outstanding shares in Belgian business

Adds details on offer, dividend

PARIS, Dec 2 (Reuters)French telecoms group Orange ORAN.PA said on Wednesday it was planning a bid for the shares it does not already own in Orange Belgium OBEL.BR, in an offer worth around 620 million euros ($751 million), as it uses up funds recouped from a tax dispute.

Orange also said in a separate statement that its board was considering an extraordinary dividend of 0.20 euros per share for 2020 as it deploys the 2.2 billion euros it recovered after a French court ruling that settled its tax spat.

The cash offer of 22 euros per share to buy out the stock it does not already own in Orange Belgium was a 35.6% premium compared to the closing price on Dec. 2, Orange said.

It already owns 52.9% of Orange Belgium and could possibly delist the firm, depending on the

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These quality stocks have dived since June. I’d buy these cheap shares today

From June, the FTSE 100 index zigzagged downwards, losing ground as rising Covid-19 infections worried investors. By Halloween, the Footsie had dropped 590 points — almost a tenth (9.6%) — as share prices drifted downwards. Then came a near-record month, with cheap shares staging a massive comeback and the FTSE 100 leaping by almost an eighth (12.4%) in November. However, not all stocks rose in this relief rally, with several quality companies lagging behind.

Bottom-fishing for cheap shares

From early June until today, 29 FTSE 100 members have seen their share prices decline. The worst performer has crashed by almost a quarter (24.1%), while the best of these 29 losers had its share price dip by just 0.3%. Overall, the average decline among these laggards is 9%, with 12 stocks recording higher falls than this. I see this ‘dirty dozen’ as fertile ground for bottom-fishing — finding unloved and cheap

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Asian shares mixed after S&P 500 sets fresh record high

Asian shares advanced Wednesday after Wall Street kicked off December with more milestones, as a broad rally pushed the S&P 500 and Nasdaq composite to new highs.

Australia reported its economy expanded 3.3% in the July-September quarter as the country recovered from pandemic lockdowns. That lifted the country out of recession, although in annual terms the economy contracted 3.8% from a year earlier.

“The rebound in Q3 GDP reversed around 40% of the decline during the first half of the year and we expect output to return to pre-virus levels by mid-2021,” Ben Udy of Capital Economics said in a commentary.


Renewed talk of a possible U.S. stimulus package failed to drive major gains in Asia, however, as investors adopted a “wait and see” stance after so many failed attempts to forge an agreement on additional help as the U.S. endures fresh waves of coronavirus infections and precautions.

Hong Kong’s

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