Disney+ App has been downloaded by 22 million times on mobile devices after launching of streaming service in November, as per the record of Apptopia. Earlier, Disney said that its new service had witnessed ‘ extraordinary consumer demand’ on the day of the launch reaching 10 million sign-ups. Now the company serves about 41.5 million viewers in the United States, including subscribers for its other streaming businesses, Hulu and ESPN+, compared with about 61 million for industry leader Netflix. Disney+ competitors including Netflix and Amazon.com’s Prime Video, remain largely unaffected in terms of their performance during the same period, said Apptopia. While users in the United States spent about 200 million hours on the Disney+ app during the first four weeks of its launch, Netflix users have spent abou

European shares rose slightly as investors are watched closely to pivotal British election to decide the fate of Brexit, while attention also focused on central bank meetings in the United States and the eurozone this week. Britain's domestically-focused mid-cap stocks index fell 0.1 per cent as a carefully monitored indicator now predicted only a modest majority for Prime Minister Boris Johnson. If Johnson fails to win an outright majority, the outcome would prolong Brexit uncertainty and further hit investor sentiment. The pan-European STOXX 600 index was up 0.1 per cent at 0805 GMT. Telecom stocks led declines among European subsectors, pressured by a 2 per cent fall for Telefonica Deutschland after the German mobile operator cut its dividend. Read Equitypandit's Nifty Outlook for the Week

Piramal Group and IIFL Wealth Management Ltd said that they will co-invest in an alternative investment fund (AIF), which will back projects that are at an advanced stage and need last-mile funding. The AIF with a target corpus of Rs 2,000 crore, will provide capital to established developers in key cities. The market presents many opportunities today for last-mile finance in projects that require a minimum amount of funding for their completion, Piramal said in a release. This will see Piramal Group facilitating external capital (on a fund or co-investment basis) alongside its lending business and will enable it to continue to further grow the lending business through a new co-investment or co-origination model, the company said. ‘Piramal’s deep domain expertise in real estate and IIFL Wealth’s ability

Yes Bank’s shares fell 12 per cent to hit an eight week low after two large brokerages to brokerages to raise questions about the future of the lender after its board further delayed a decision on new investors. The stock touched a low of Rs 44 and fell as much as 13 per cent intraday. At 11.25 am, the bank was trading at Rs 44.60 on the BSE, down 11.8 per cent from its previous close. So far this year, Yes Bank has lost 75 per cent. Yes Bank said it is considering a $500 million investment offer from London-based Citax Holdings and Citax Investment Group. The private lender also said the $1.20 billion bid by Erwin Braich-SGPG group is still under evaluation and a final decision on the investment will be taken at its next board meeting. The lender did not give a time frame for the next board meeting. Re

Amazon has partnered Onida to bring Fire TV Edition smart TVs in India, a move aimed at helping the e-commerce company further strengthen its position in the booming consumer durable market in the country. The Fire TV Edition smart TVs were first introduced by Amazon in 2018 in the US and Canada. Previously, the company expanded the range to the UK, Germany and Austria in collaborations with Dixons Carphone, MediaMarktSaturn, and Grundig. "We have seen great momentum to the Fire TV Edition smart TVs so far. India has been a very important market for our streaming product and we are seeing great uptake of it from across the country. We are confident of a similar response to the TVs also," Sandeep Gupta, Vice President (Fire TV Devices and Experiences) told PTI. Amazon works on a licensing model for the Fire TV

The Asian Development Bank (ADB) has trimmed its forecast for India’s economic growth in 2019-20 to 5.1 per cent saying consumption was affected by slow job growth and rural distress aggravated by a poor harvest. In September, ADB forecast India’s GDP to grow 6.5 per cent in 2019-20 and 7.2 per cent in the year thereafter. India's growth is now seen at a slower 5.1 per cent in the fiscal year 2019-20 as the foundering of a major non-banking financial company in 2018 led to a rise in risk aversion in the financial sector and a credit crunch. The consumption was affected by slow job growth and rural distress aggravated by a poor harvest, also said. The growth should pick up to 6.5 per cent in the next fiscal year with supportive policies. Read EquityPandit's Nifty Bank Outlook for the Week

Lok Sabha passed the Citizenship (Amendment) Bill, 2019. The legislation seeks to make it easier for non-Muslim refugees from Pakistan, Bangladesh and Afghanistan to gain citizenship in the country. The legislation is applicable to groups who arrived in India on or before December 31, 2014. Also, the bill makes amendments to the provision related to OCI (Overseas Citizen of India) cardholders.  A foreigner may register as an OCI under the 1955 Act if they are of Indian origin or the spouse of a person of Indian origin. The benefit will entire to such benefits as of right to travel to India and to work and study in the country. The amend Bill act allow to cancellation of OCI registration if a person has violated any law notified by the central government. The bill says that on acquiring citizenship: Such pers

Apple is planning to include a custom battery protection module with the iPhone12, which is said to be almost 50 per cent smaller and thinner than the one being which is used currently and old iPhones. The reduction in size could result in more free space for a slight increase in battery capacity. In the new module combines the protection circuit with a MOSFET and PCB which eliminating the need for a case holder. In 2020, Apple will release a 5.4 inch iPhone, two 6.1 inch iPhones and one 6.7 inch iPhone with 5G connectivity. The company plan to introduce two-end models (one 6.1-inch and one 6.7-inch) with support for mmWave, as well as a triple-lens camera and "world-facing" 3D sensing for improved Augmented Reality capabilities. While, two low-end models (6.1-inch, 5.4-inch) will not have mm-Wave or World facing