Daily GK Update: 1st March 2020

Affle (India) jumps over 8% after it signs agreement to acquire Mediasmart

  • Shares of Affle (India) climbed as much as 8.6 per cent to Rs 1,949 apiece on the BSE on Monday after the company announced it has signed a definitive agreement to acquire Spain-headquartered Mediasmart, a self-serve mobile programmatic and proximity marketing platform.
  • At 09:34 am, the stock was trading over 5 per cent higher at Rs 1,886 on the BSE. In comparison, the benchmark S&P BSE Sensex was trading over 1 per cent or 479 points higher at 38,753 levels.

Source: Business Standard

Red panda has actually two separate species: Study

  • Red pandas, the bushy-tailed and russet-furred bamboo munchers that dwell in Asian high forests, are not a single species but rather two distinct ones, according to the most comprehensive genetic study to date on these endangered mammals.
  • Scientists said on Wednesday they found substantial divergences between the two species – Chinese red pandas and Himalayan red pandas – in three genetic markers in an analysis of DNA from 65 of the animals.
  • The recognition of the existence of two separate species could help guide conservation efforts for a mammal adored by many people even as its numbers dwindle in the wild, they added.

Source: India Today

Coronavirus impact: Investors can buy good stocks but in limited quantities

Image result for Coronavirus impact: Investors can buy good stocks but in limited quantities
  • On Monday, the market might open with a gap up (at a higher level) because there was aggressive selling before closing on Friday. But investors should not feel that the worst is over.
  • There could be some more pain before things get better,” says investment advisor Arun Kejriwal, summing up the market mood. With the Sensex crashing as much as 1,448 points on Friday despite aggressive buying by domestic institutional investors (net Rs 7,600 crore), stock markets are likely to be on the tenterhooks for some time.

Source: Business Standard