Business Markets

Equity indices trading weak amid mixed global cues

Mumbai (Maharashtra) [India] (ANI): Equity indices were trading weak on Friday amid mixed global cues.At 9.15 am, BSE Sensex was down by 0.51 per cent or 310.79 points at 60,924.51, while NSE Nifty was down by 0.66 per cent or 119.90 points at 18137.90. HDFC, HCL Tech, Asian Paints, Wipro and UPL were among the major losers on the Nifty, while gainers were Cipla, IOC, L&T, Titan Company and Divis Labs. (Image source: Unsplash)

Business Markets

TCS, Infosys shares rise after Q3 results

Mumbai [India] (ANI): Share price of Tata Consultancy Services (TCS) and Infosys rose on Thursday, a day after the IT giants announced healthy growth in profit and revenue for the third quarter of the current financial year.TCS share price rose to Rs 3902.35 at around 1.40 pm at the Bombay Stock Exchange (BSE), which is 1.17 per cent higher from its previous day’s close at Rs 3857.25. Infosys share was trading at Rs 1896.65, which is 1.01 per cent higher from its previous day’s close at Rs 1877.60.The country’s largest IT firm TCS on Wednesday announced that its consolidated net profit during the third quarter of the current financial year rose to Rs 9,769 crore, which is 12.3 per cent higher from Rs 8,701 crore recorded in the corresponding period of 2020-21.Infosys, India’s second largest software exporter, reported consolidated net profit of Rs 5,809…

Business Markets

Equity indices open flat amid mixed global cues

Mumbai (Maharashtra) [India] (ANI): Equity indices on Tuesday opened flat amid mixed global cues.At 9.15 am, NSE Nifty was up by 0.23 per cent or 41.20 points at 18044.50, while BSE Sensex was up by 0.25 per cent or 152.11 points at 60547.74. IndusInd Bank, HDFC, Tata Consumer Products, Hindalco Industries and Britannia Industries were among major gainers on the Nifty, while losers were Tata Steel, JSW Steel, Coal India, Bajaj Finance and Nestle India. (Image source: Instagram)

Business Markets

Nifty soars past 18,000-mark; Sensex climbs 651 points

Mumbai [India] (ANI): The Indian equities markets witnessed strong rally on Monday defying the concerns over rising COVID-19 cases and weak global cues. The benchmark Nifty 50 crossed psychologically important 18,000 points mark and Sensex climbed 651 points.There was strong buying support in auto, infra, banking and IT stocks. Titan surged 3.29 per cent. Maruti Suzuki jumped nearly 3 per cent. Larsen & Toubro and State Bank of India gained around two-and-a-half per cent. The markets started the week on a strong positive note with benchmark Sensex opening above 60,000 points mark.The 30 stock S&P Sensex of the Bombay Stock Exchange closed at 60,395.63 points, which is 650.98 points or 1.09 per cent higher from its previous session’s close at 59,744.65 points.Earlier the Sensex opened sharply higher at 60,070.39 points and surged to a high of 60,427.36 points in the intra-day trade.The broader Nifty…

Business Markets

TCS shares price surge over 3 per cent on buyback proposal

Mumbai [India], (ANI): Share price of Tata Consultancy Services (TCS), India’s largest IT firm, surged over three per cent on Monday after the company announced that its board will consider buyback of shares at a meeting scheduled to be held on January 12. TCS started the trading on Monday at Rs 3974, which is 3.09 per cent higher from its previous session’s close at Rs 3854.85. TCS surged to a high of Rs 3979.90 in the morning trade.At around 11.35 am on the Bombay Stock Exchange (BSE) the share of TCS was trading at Rs 3884.55, which is Rs 29.70 or 0.77 per cent higher from its previous session’s close at Rs 3854.85. Share price of India’s largest IT firm surged on Monday after the announcement of buyback proposal. “This is to inform you that the Board of Directors will consider a proposal for…

Business Markets

Sensex down by 491 points

Mumbai (Maharashtra) [India]: Benchmark indices opened in red on Thursday amid weak global cues. At 9.15 am, BSE Sensex was down by 491.40 points or 0.82 per cent, while NSE Nifty was down by 156.80 or 0.87 per cent.The negative trading in stock markets after the US Fed Reserve has signalled raise interest rates, prompting investors to withdraw money from emerging markets. (ANI)

Business Markets

Equity indices open in green, Nifty crosses 17600

Mumbai (Maharashtra) [India]: Equity indices opened in green on Tuesday amid positive global cues.At 9.15 am, BSE Sensex was up by 160.57 or 0.27 per cent at 59343.79, while NSE Nifty was up by 38.20 or 0.22 per cent at 17663.90 NTPC, Tata Steel, Maruti Suzuki, Axis Bank and Bajaj Finserv were among major gainers on the Nifty, while losers were Tata Motors, Eicher Motors, HDFC Bank, Infosys and HDFC.

Business Markets

Sensex surges 632 points; bank, IT stocks climb

Mumbai [India]: Indian benchmark indices, Sensex and Nifty, surged more than 1 per cent on Monday on the back of strong buying support in banking and IT stocks.At around 12.20 pm, the 30 stock S&P Sensex of the Bombay Stock Exchange was trading at 58,886.41 points, 1.09 per cent or 632.59 points higher from its previous session’s close at 58,253.82 points. The broader Nifty 50 of the National Stock Exchange was trading at 17,539.20 points, 185.15 points or 1.07 per cent higher from its previous session’s close at 17,354.05 points.The Nifty opened on a strong positive note at 17,387.15 points and touched a high of 17,544.90 points.There was strong buying support in banking and IT stocks. Axis Bank surged more than two percent. ICICI Bank was trading 1.92 per cent higher at Rs.754.45. HDFC Bank jumped 1.82 per cent to Rs.1506.70. State Bank of…

Business Markets

Equity indices open flat for consecutive day, Sensex down

Mumbai (Maharashtra) [India](ANI): Equity indices opened flat for the second consecutive day on Thursday amid rising COVID-19 cases. At 9.15 am, the 30-shares BSE Sensex was down by 186.04 or 0.32 per cent at 57620.45. Nifty was down by 19.65 or 0.11 per cent at 17213.60.BPCL, M&M, Cipla, Tata Consumer Products and Wipro were among major gainers on the Nifty.

Business Markets

Equity indices open flat; IndusInd, Reliance major gainers

Mumbai (Maharashtra) [India]: Indian equity markets on Wednesday opened flat with BSE Sensex and NSE Nifty trading in negative. At 9.16 am, the Sensex was down 136.33 points or 0.24 per cent at 57761.15 and Nifty was down by 0.23 per cent at 17193.80.However, the market picked up within a few minutes and started trading in green. At 9.25 am, the Sensex was up by 21.03 points or 0.04 per cent 57924.79. IndusInd Bank, Dr Reddy, Reliance are major gainers on BSE Sensex while Asian Paints, Kotak Bank, TCS were major losers.

Business Markets

Sensex up by 324 points

Mumbai (Maharashtra) [India]: The Indian benchmark indices opened in green on Tuesday with Nifty breaching 17,100 amid positive global cues. The 30-shares BSE Sensex was up by 324.39 points or 0.56 per cent at 57744.63 at 9.31 am.Similarly, 50-scrip NSE Nifty was at 17181.20, up by 94.90 points or 0.63 per cent. ONGC, IndusInd Bank, HDFC, L&T and Infosys were among gainers on Nifty.

Business Markets

Sensex rebounds 877 points from day’s low; closes 296 points higher

Mumbai [India]: The Indian equities markets witnessed volatile trading on Monday with the benchmark Sensex rebounding 877 points from the day’s low on good buying support in IT, power and pharma stocks.There was good buying support in IT stocks. Tech Mahindra surged 3.4 per cent. TCS gained 0.73 per cent. Infosys and Wipro also closed in the positive. The markets started the week on a negative note with benchmark indices opening the trade deep in the red.The 30 stock S&P Sensex of the Bombay Stock Exchange opened sharply down at 56,948.33 points and slumped to a low of 56,543.08 points in the early morning trade.There was good buying support in the afternoon session. Sensex ended the day at 57,420.24 points, 0.52 per cent or 295.93 points higher from its previous session’s close at 57,124.31 points. The Sensex touched a high of 57,512.01 points in…

Business Markets

Equity indices open in red, Sensex down by 350 points

Mumbai (Maharashtra) [India]: The Indian equities market on Friday opened in the red on Monday.The 30-scrip BSE Sensex was down by 350.16 points or 0.61 per cent at 28266.76 at 9.35 am. Similarly, 50-scrip NSE Nifty was trading at 16898.30 at 9.35 am, down by 105.50 points or 0.62 per cent.On the Sensex, all the sectors, except healthcare, utilities, and power sectors, are trading in low today.

Business Markets

Sensex slips 400 points after 3 days of rally; banking, power stocks slide

Mumbai [India]: After three straight days of rally, the Indian equity markets benchmark Sensex slipped nearly 400 points on Friday due to selling pressure in banking and financial, power and auto stocks.The 30 stock S&P Sensex of the Bombay Stock Exchange opened on a positive note but slipped in the red in the early morning trade. At around 11.30 am the Sensex was trading at 56,918.35 points, 0.69 per cent or 396.93 points lower from its previous day close at 57,315.28 points. Earlier the Sensex opened in the positive at 57,567.11 points and touched a high of 57,623.69 points. Soon the markets turned negative and the Sensex slipped below 57,000-points mark. It touched a low of 56,813.42 points.The broader Nifty 50 of the National Stock Exchange was trading at 16,935 points, 0.81 per cent or 137.60 points lower from its previous day close at…

Business Markets

Sensex down by 266 points

Mumbai (Maharashtra) [India]: Soon after recovering from the slump of nearly 1000 points, the Indian equities markets on Friday were in red again. The 30-scrip BSE Sensex was down by 266.73 points or 0.47 per cent at 57048.55 at 9.45 am.Similarly, 50-scrip NSE Nifty was trading at 16986.30 at 9.45 am, down by 86.30 points or 0.51 per cent. On the Sensex, all the sectors, except the tech sector, are trading in low today morning. (ANI)

Business Markets

Stock markets open in green, Sensex up by 339 points

Mumbai (Maharashtra) [India]: As the realty sector shares soared by 2.02 per cent, the benchmark equity indices opened in green on Thursday.The 30-scrip BSE Sensex was up by 339.61 points or 0.60 per cent at 57270.17 at 9.35 am. Similarly, 50-scrip NSE Nifty was trading at 17061.70 at 9.35 am, up by 106.20 points or 0.63 per cent.On the Sensex, the sectors which are trading high are realty metal, and power among others.

Business Markets

Stock markets open in green, Sensex up by 331 points

Mumbai (Maharashtra) [India]: As the auto and energy sector shares gain, the benchmark equity indices opened in green on Wednesday.The 30-scrip BSE Sensex was up by 331.32 points or 0.59 per cent at 56650.33 at 9.35 am. Similarly, 50-scrip NSE Nifty was trading at 16873 at 9.35 am, up by 102.20 points or 0.61 per cent.On the Sensex, the sectors which are trading high are auto, energy, and metal among others.

Business Markets

Stock markets open in green, Sensex rallies over 600 points

Mumbai (Maharashtra) [India]: A day after the Indian equities markets slumped by nearly 1000 points, equity indices opened in green on Tuesday.The 30-scrip BSE Sensex was up by 665.03 points or 1.19 per cent at 56487.04 at 9.30 am. Similarly, 50-scrip NSE Nifty was trading at 16807.20 at 9.30 am, up by 193.00 points or 1.16 per cent.On the Sensex, the sectors which are trading high are metal, basic material, and information technology among others.

Business Markets

Share Market: Sensex closes 1190 points down; metal, banking stocks slump

Mumbai [India]: The Indian equities markets key indices tumbled more than two per cent on Monday due to huge selloffs in metal and banking stocks on fears that rising Omicron cases would derail the economic recovery. The 30 stock S&P Sensex of the Bombay Stock Exchange started the week deep in the red on negative cues from the global markets. The benchmark Sensex ended the day at 55,822.01, 2.09 per cent or 1189.73 points lower from its previous close at 57,011.74 points.The markets witnessed massive selloffs during the day with Sensex plunging to a low of 55,132.68 points, over 3 per cent down from its previous session close. The broader Nifty 50 of the National Stock Exchange crashed 2.18 per cent or 371 points to 16,614.20 points. The Nifty 50 slumped to a low of 16,410.20 points in the intra-day. There was massive selling…

Business Markets

PM interacts with leading private equity, venture capital players

New Delhi [India]: Prime Minister Narendra Modi on Friday met leading private equity and venture capital players.The discussion revolved around seeking suggestions on how to make doing business in India “more easier”, attracting more capital and furthering the reform process. This meeting illustrated how the Prime Minister is interacting personally with industry leaders to gather inputs ahead of the next budget.Finance Minister Nirmala Sitharaman was also present in the meeting.

Business Markets

Sensex closes 166 points down; ITC, Bajaj Finance slump

Mumbai (India): The Indian equities markets benchmark Sensex closed 166 points down on Tuesday dragged by a nearly 3 per cent slump in ITC. Bajaj Finance dipped over two per cent.The 30-stock S&P BSE Sensex of the Bombay Stock Exchange opened in the red and witnessed volatile trading with negative bias. The Sensex ended the day at 58,117.09 points, 0.29 per cent or 166.33 points lower from the previous day’s close at 58,283.42 points. The index slumped to a low of 57,803.87 points in the intra-day. It also briefly traded in the positive territory in the afternoon session touching an intra-day high of 58,322.42 points. This is the second consecutive day of fall in the benchmark Sensex. The index had slumped 503 points on Monday.The broader Nifty 50 of the National Stock Exchange (NSE) also closed in the red for the second straight day.…

Business Markets

Sensex slides 450 points; Bajaj, HDFC slump

Mumbai (India): The Indian equities markets opened deep in the red on Tuesday with the benchmark Sensex sliding more than 450 points due to heavy selling pressure in banking and auto stocks.The 30-stock S&P BSE Sensex of the Bombay Stock Exchange opened in the red at 58,059.76 points and slumped to a low of 57,843.12 points in the early trade. The index recovered a bit and touched a high of 58,187.91 points. However, it again fell sharply, and at around 10.50 am the index was trading at 57,832.77 points, 0.77 per cent or 450.65 points lower than the previous day’s close at 58,283.42 points. The broader Nifty 50 of the National Stock Exchange (NSE) also opened in the red 17,283.20 points. The Nifty 50 was trading at 17,234.45 points at around 10.50 am on Tuesday, 0.77 per cent lower than the previous day’s close…

Business Markets

Sensex ends 503 points down; Reliance, Bajaj slump

Mumbai (India): The Indian equities markets reversed course during the day with benchmark Sensex closing 503 points down after rallying over 400 points in the early trade.Selling pressure in heavyweight Reliance Industries and banking and financial stocks dragged the index down. The 30-stock S&P BSE Sensex of the Bombay Stock Exchange ended the day at 58,283.42 points, 0.86 per cent or 503.25 points lower than the previous session close at 58,786.67 points.The key indices opened the day on a positive note and traded in the green till noon. However, heavy selling pressure in heavyweight stocks dragged the index down.The benchmark Sensex fluctuated around 1000 points during the day. The index opened on a positive note at 59,103.72 points and surged to a high of 59,203.37 points in the early morning trade. The Sensex slipped to a low of 58,242.80 points in the intra-day.The broader…

Business Markets

Sensex, Nifty end in red in volatile trading

Mumbai (India): The Indian equities markets closed in the red for the first time in four trading sessions on Friday. The benchmark Sensex ended the day 20 points lower while Nifty 50 closed nearly flat after volatile trading witnessed during the day.The markets opened in the negative after three sessions of smart gains. Most indices witnessed volatile trading with negative bias. The 30-stock S&P BSE Sensex of the Bombay Stock Exchange ended the day at 58,786.67 points, 0.03 per cent or 20.46 points lower from the previous day close at 58,807.13 points. Earlier the Sensex started the day in negative at 58,696.71 points and touched a low of 58,414.76 points and a high of 58,859.91 points in the intra-day.The broader Nifty 50 of the National Stock Exchange (NSE) also closed in the red for the first time in four days. The Nifty 50 ended…

Business Markets

Sensex closes higher for 3rd straight day; ITC surges 4.6%

Mumbai (India): The Indian equities markets closed in the positive for the third straight day with benchmark Sensex gaining 157 points in volatile trading on Thursday. The broader Nifty 50 gained 47 points.Strong buying support in heavyweights like ITC, Reliance Industries, and Larsen & Toubro led the rally at the market. ITC jumped 4.60 per cent to Rs.235.30 after the company announced that it would hold its ‘Institutional Investors and Financial Analysts Day’ on December 14. Larsen & Toubro soared 3.06 per cent to Rs.1879.70. After two successive sessions of strong rally, the market witnessed volatile trading. The 30-stock S&P BSE Sensex of the Bombay Stock Exchange opened 181 points higher at 58,831.41 points and touched a high of 58,890 points in the early trade. However, the profit booking dragged Sensex down 549 points from the day’s high.The Sensex ended the day at 58,807.13…

Business Markets

Equity indices open in red, Sensex down by 84 points

Mumbai (Maharashtra) [India]: Equity indices opened in red on Thursday with Sensex down by 84.08 points and Nifty down by 153.20 points.The 30-scrip BSE Sensex was down by 84.08 points or 0.14 per cent at 58565.60 at 9.34 am. Similarly, 50-scrip NSE Nifty was trading at 37131.50 at 9.34 am, down by 153.20 points or 0.41 per cent.On the Sensex, the sectors which are trading high are energy and healthcare sector, while the banking sector is trading low.

Business Markets

Indian equities rally for 2nd day; Sensex surges 1016 points

Mumbai [India]: Broad-based buying support continued in the Indian equities markets for the second successive day on Wednesday with benchmark indices Sensex and Nifty 50 surging close to two per cent sidestepping Omicron worries.The 30-stock S&P BSE Sensex of the Bombay Stock Exchange opened at a bullish note at 58,158.56 points and surged to a high of 58,702.65 points in the intra-day trade. The benchmark Sensex closed at 58,649.68 points, 1.76 per cent or 1016.03 points higher than its previous day close of 57,633.65 points. This is the second consecutive day of the rally in the Indian equities markets. The Sensex had surged 886 points on Tuesday. The markets have risen sharply sidestepping Omicron’s worries. The benchmark Sensex had slumped 1,715 points or 2.9 per cent in two sessions preceding December 7. In the last two days, the index has more than recovered the…

Business Markets

Wall Street News: Technology shares are going Up

New York [US]: Wall Street rallied sharply for a second straight day on Tuesday, with high-flying technology stocks rising as much as 3 per cent, as investors’ fears over the impact of the Omicron variant of the coronavirus subsided.“Time will tell whether investors are getting ahead of themselves but a couple of days without a negative Omicron headline has the dip buyers flooding back in,” Craig Erlam, analyst at online trading platform OANDA, said. The Nasdaq Composite index that groups Big Tech names such as Facebook, Apple, Amazon, Netflix and Google settled up 462 points, or 3 per cent, at 15,687, for its biggest one-day gain since March. Nasdaq rose almost 1 per cent in the previous session.The Dow Jones Industrial Average, which contains mostly industrial stocks, finished up 492 points, or 1.4 per cent, at 35,719. The Dow gained 1.9 per cent on…

Business Markets

Sensex jumps 886 points; metal, auto, banking stocks rally

Mumbai (India): Indian stock markets bounced bank on Tuesday with benchmark Sensex surging 886 points on broad-based buying support in line with the surge in global equities. The rally in the stock markets made investors richer by Rs.3 lakh crore.The 30-stock S&P BSE Sensex of the Bombay Stock Exchange closed at 57,633.65 points on Tuesday, 886.51 points or 1.56 per cent higher than its previous day close of 56,747.14 points. Taking cues from the global markets the benchmark Sensex opened at a bullish note at 57,125.98 points and touched a high of 57,905.63 points in the intra-day trade. The broader Nifty 50 of the National Stock Exchange (NSE) closed 1.56 per cent or 264.45 points higher at 17,176.70 points. There was broad-based buying support. Twenty-nine out of the 30 firms that are part of the Sensex closed in the positive. Tata Steel surged 3.63…

Business Markets

Equity indices open in red, Sensex down by 206 points

Mumbai (Maharashtra) [India]: Equity indices opened in red on Monday with Sensex down by 206.07 points and Nifty down by 61.00 points.The 30-scrip BSE Sensex was down by 206.07 points or 0.36 per cent at 57490.39 at 9.34 am. Similarly, 50-scrip NSE Nifty was trading at 17135.70 at 9.34 am, down by 61.00 points or 0.35 per cent.

Business Markets

Jaipur’s Metalware Manufacturer IRIS wins the mandate for the wedding of Katrina Kaif and Vicky Kaushal

Jaipur (Rajasthan) [India] : As the ancient town of Barwara, near Sawai Madhopur, gears up for the preparation of the much-awaited wedding of the season, Six Senses Royal Fort Barwara is all set to host the wedding of Bollywood heartthrobs Katrina Kaif and Vicky Kaushal from Dec. 7 to 9.The exclusive decor developed in collaboration with Yee Pin Tan, the Global Head of Design – Six Senses and metalware manufacturer, IRIS, reinterprets the gracious and regal ambience of a bygone era dating back to 700 years. The exquisite products designed by Pin and crafted by IRIS are a unique blend of traditional aesthetics and state-of-the-art designing. Pin felicitated Rajeev Pabuwal, LakshPabuwal and others from team IRIS for the quality of their product. Exotic fruits, confectionery and amenities would be placed in IRIS’s Kansa finish centrepiece bowls and platters in the suites of Katrina Kaif,…

Business Markets

US stocks down 2nd week in row on Federal Reserve Rate hike, Omicron fears

New York [US]: US stocks tumbled for a second week in a row, roiled by fears of an imminent rate hike by the Federal Reserve and the possibility of another round of global economic turmoil from potential measures to address the coronavirus Omicron variant.The Labor Department announced earlier on Friday the unemployment rate in November stood at just 0.2% above the Federal Reserve’s 4% target for maximum employment and key criteria for an interest rate hike. Federal Reserve Chairman Jerome Powell said earlier this week that the central bank was already thinking of speeding up the taper of its pandemic-era stimulus and putting in a rate hike as expeditiously as possible to rein in inflation. Reports of cases of Omicron in the United States have begun flowing in, with more states reporting infections after the first one reported in California earlier this week.The November…

Business Markets

Equity indices open in green, Sensex up by 279 points

Mumbai (Maharashtra) [India]: Equity indices opened in green on Friday with Sensex up by 279.65 points and Nifty up by 83.80 points.The 30-scrip BSE Sensex was up by 279.65 points or 0.48 per cent at 58740.94 at 9.21 am. Similarly, 50-scrip NSE Nifty was trading at 17485.50 at 9.21 am, up by 83.80 points or 0.48 per cent.

Business Markets

Stock Market: Indices open in green, Sensex rises by 123 points

Mumbai (Maharashtra) [India]: Equity indices opened in red on Thursday with Sensex up by 123.84 points and Nifty up by 38.60 points.The 30-scrip BSE Sensex was up by 123.84 points or 0.21 per cent at 57808.63 at 9.18 am. Similarly, 50-scrip NSE Nifty was trading at 17205.50 at 9.18 am, up by 38.60 points or 0.22 per cent.On the Sensex, the sectors which are trading high are consumer durables and power, while the banking sector is trading low.

Business Markets

Equity benchmark indices close in green; Sensex up by 620 points on banking, auto sector gains

Mumbai (Maharashtra) [India]: Indian equity market closed in the green on Wednesday as the banking and auto sector shares gained.At the closing bell, the BSE S&P Sensex was up by 619.92 points or 1.09 per cent, while the Nifty 50 gained by 183.70 points or 1.08 per cent. In BSE Sensex the sectors that saw maximum gain were the banking sector that was up by 1.76 per cent, the auto sector that was up by 1.47 per cent, the finance sector that was up by 1.43.The healthcare sector plummeted by 1.43 per cent.Among stocks, the top gainer was IndusInd Bank, which surged 5.73 per cent to Rs 934.25, followed by Axis Bank up by 3.46 per cent to Rs 679.80 per share.State Bank of India (SBI), Tech Mahindra, and Maruti Suzuki also traded with a positive bias today.Meanwhile, Dr Reddys Labs cracked by 1.58…

Business Markets

This New Social App let’s you Sell Content, Get Gigs and Earn Socially

New Delhi [India] : Given the broken clickbait approach used by social media giants like Facebook & Instagram for years now, and the authentic craving of users to engage with real people (not followers) has led to a resurgence in social apps for a while now – starting with Clubhouse last year since pandemic and its clones, to new-age apps aiming to create a more favourable digital atmosphere catering to the niche tastes of Creators, Professionals & Startups.One such attempt is made by COLCO – Audio-centric Social Network for Professionals & Startups, which touts itself to be World’s 1st Social Collaboration App built specifically to Simplify Earnings from Day 1. Whether you are a Creator, Freelancer, Professional looking for a job, or even a Startup looking to Sell Business Services, this is The Platform for You! We had a chance to get our hands…

Business Markets

Bajaj Finance raises Fixed Deposit interest rates, offers up to 7.05 Percent

Pune (Maharashtra) [India] : Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, has increased fixed deposit (FD) rates by 0.30 per cent for tenors between 24 and 60 months.Investors can now get up to 7.05 per cent interest rate on all deposits up to Rs. 5 crores made on and after December 1, 2021. These interest rates are applicable for new deposits and on the renewal of maturing deposits.As the table suggests, there’s an increase of 0.30 per cent for FDs between 24 and 60 months. A senior citizen investing Rs. 2,00,000 for 60 months can earn returns up to Rs. 2,83,652 at maturity. For the same tenor and deposit amount, citizens below 60 years get up to Rs. 2,80,188 on their deposit regardless of their investment mode.Here’s a detailed look at the revised FD interest rates offered by Bajaj Finance…

Business Markets TOP NEWS UPDATES

Twitter gets Indian CEO: IIT Mumbai alumni Parag Agrawal takes Charge

New Delhi [India] : Twitter co-founder Jack Dorsey will step down as CEO of the social media platform and Parag Agrawal is all set to succeed him. The company’s board has unanimously appointed the company’s chief technology officer Parag Agrawal as next Twitter CEO. “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter’s CEO is deep. His work over the past 10 years has been transformational. I’m deeply grateful for his skill, heart, and soul. It’s his time to lead,” Dorsey said in a statement. The resignation of Dorsey, who has been heading Twitter as its chief executive since 2015, will come into effect immediately. However, he will remain a member of the Board till around May 2022 to enable a smooth transition. On Sunday, Dorsey sent the tweet “I love…

Business Markets

Mukesh Ambani’s Reported Interest In BT Telecom Sees Stock Up 9%

Mumbai [Maharashtra] : Shares in BT jumped 9 per cent on Monday. Reliance Industries was weighing a bid for the British telecoms group. Oil-to-telecoms conglomerate is considering an offer for British telecom company BT Group Plc, , citing sources familiar with the matter. Billionaire Mukesh Ambani’s Reliance might make an unsolicited offer to buy into BT Group or try to get a controlling share in it, the report said, adding that the firm may also propose to partner with BT’s fibre optic arm Openreach and fund its expansion plans. Reliance declined to comment on the report, while BT did not immediately respond to a request for comment. India’s telecoms market, one of the world’s biggest, has been upended by Ambani-controlled Jio Infocomm, which launched with free voice and cut-price data in late 2016. Mr Ambani has forced several rivals out of the market while others…

Business Markets

Adani Group clarifies MSCI action on climate change indices

New Delhi [India] : Adani Group has expressed disappointment by MSCI’s decision to drop Adani Ports and Special Economic Zone (APSEZ) from some of its climate change indices.“We are disappointed by MSCI’s decision to drop Adani Ports and Special Economic Zone (APSEZ) from some of its Climate Change indices. APSEZ has been far ahead of its industry in stating publicly, more than 15 months back, its absolute commitment to achieving carbon neutrality by 2025. In addition, we are also committed to theSBTi (Science Based Targets Initiative),” read an official statement issued by the Adani Group on Sunday. In response to an ESG Controversy Report from MSCI in Q3, APSEZ had clarified to MSCI that it never had any shareholding in the Carmichael mine, and that it had already divested its stakes in both Bowen Rail and NQXT (North Queensland Export Terminal), read the statement.The…

Business Markets

Amazon India Boss Summoned Over Alleged Future Group Deal Irregularities

New Delhi [India] : Amazon India head Amit Agarwal has been summoned by the Enforcement Directorate next week over alleged irregularities in a deal with Future Group, sources have said. Amazon had bought 49 per cent stake in Future Retail in a deal worth some ₹ 1,400 crore in 2019. The Enforcement Directorate’s angle in the case is to see whether the deal violated India’s law on foreign exchange, or the Foreign Exchange Management Act (FEMA), which outlines the formalities and procedures for all such transactions in the country. The FEMA case against Amazon India was filed in January this year. The Enforcement Directorate’s summons came after the Delhi High Court made certain observations on the court fight between Amazon and Mukesh Ambani’s Reliance Industries Ltd. Reading together the three agreements – Future Retail shareholders agreement with Future Coupons, Future Coupons’ shareholders agreement with Amazon, and…

Business Markets

Equity indices fall by nearly 3 pc; realty, metal drags Sensex to 1687.94 pts

Mumbai (Maharashtra) [India]: As concerns of a new coronavirus variant surface, the key equity indices fall by nearly 3 per cent each on Thursday, leaving the Indian markets bleeding.At the closing bell, the BSE S&P Sensex slumped to 1687.94 points or 2.87 per cent, while the Nifty 50 dropped by 509.80 points or 2.91 per cent. Just a day after the markets revived, the renewed threat of COVID, losses in Asian stocks, plummeted realty and metal sectors are among a few factors leading to the major crash.While all sectors witnessed significant losses, only the healthcare sector managed to gain with 1.18 per cent. The sectors facing major losses, other than realty and metal are auto and basic materials.Among stocks, the top gainer was Dr Reddys Labs which surged 3.32 per cent to Rs 4,744.90 per share, followed by Nestle up by 0.35 per cent…

Business Markets

Equity benchmark indices close in green; Sensex up by 454 points as energy sector gains

Mumbai (Maharashtra) [India]: Indian equity market closed on a positive note on Thursday as the energy and realty sector shares gained.At the closing bell, the BSE S&P Sensex was up by 454.10 points or 0.78 per cent, while the Nifty 50 gained by 121.30 points or 0.70 per cent. In BSE Sensex the sectors that saw maximum gain were the energy sector that was up by 4.47 per cent, the realty sector that was up by 1.86 per cent, the healthcare sector that was up by 1.53 and the telecom sector was up by 1.51 per cent.Among stocks, the top gainer was Reliance, which surged 6.10 per cent to Rs 2,494.40, followed by ITC up by 1.49 per cent to Rs 231.30 per share.Infosys, Tech Mahindra and Kotak Mahindra also traded with a positive bias today.Meanwhile, IndusInd Bank cracked by 1.27 per cent, Maruti…

Business Markets

The wait is finally over: The progressive Bounce Infinity will be officially launched

Bengaluru (Karnataka) [India] : Bounce, India’s first smart mobility solution company, is all set to launch its first consumer electric scooter, Bounce Infinity, on 02 December 2021.The event will live-stream from 01:30 pm onwards on the brand’s YouTube channel. Bookings for purchase begins the same day and deliveries are slated for early next year. This advanced ‘Made in India’ scooter can be booked at a nominal amount of INR 499. ‘Battery as a service’ option – the first of its kind in the Indian market, where customers will also have an option to purchase Bounce Infinity at an affordable price without the battery and use Bounce’s extensive battery swapping network to be on the move. Customers will only have to pay for the battery swaps, whenever they exchange an empty battery with a fully-charged one from Bounce’s swapping network.Customers will also have the option…

Business Markets

Equity indices open in green, Sensex up by 69 points

Mumbai (Maharashtra) [India]: Equity indices opened in green on Wednesday with Sensex up by 69.28 points and Nifty up by 29.30 points.The 30-scrip BSE Sensex was up by 0.12 per cent at 58733.61 at 9.20 am. Similarly, 50-scrip NSE Nifty was trading at 17532.60 at 9.20 am, up by 29.30 points or 0.17 per cent.On the Sensex, the sectors which were trading high with maximum gain are realty sector at 1.08 and power at 1.07.

Business Markets

Equity benchmark indices close in green, Sensex up by 198 points

Mumbai (Maharashtra) [India]: Indian equity market closed in green on Tuesday as the metal and power sector shares gained.At the closing bell, the BSE S&P Sensex was up by 198.44 points or 0.34 per cent, while the Nifty 50 gained by 86.80 points or 0.50 per cent. In BSE Sensex all the sectors, other than the Information Technology (IT) sector gained. The sectors that saw maximum gain were the metal sector that was up by 3.48 per cent, the power sector that was up by 3.20 per cent, the utilities sector that was up by 3.11 and the realty sector was up by 2.35 per cent.Among stocks, the top gainer was the Power Grid Corp, which surged 3.91 per cent to Rs 201.85, followed by NTPC Limited up by 2.53 per cent to Rs 133.50 per share.Tata Steel, Bharti Airtel and Sun Pharma also…

Business Markets

Zydus Wellness chooses Pando to accelerate digital transformation

Chennai (Tamil Nadu) : Zydus Wellness, one of the largest consumer goods companies with power brands like Complan, Sugar Free, Glucon-D, Nycil, Nutralite, Sugarlite, Everyuth, etc has chosen Pando’s 10xTMS, a leading Networked-TMS Platform to accelerate the digital transformation of their supply chain and logistics operations.Zydus foresees a multi-fold growth by penetrating deeper markets within India and digitalizing their supply chain and logistics operations becomes vital to translate this vision. Trusted by more than 50 million consumers, Zydus has a complex network of 5 manufacturing facilities across 4 states, 24 distribution centers with Ambient and Cold-Chain Warehouses, 1700+ Distributors, 2000+ feet on ground to augment their consumer outreach and fulfill the demand potential. Zydus is embarking on the digitalization of their supply chain and logistics operations with Pando to help optimize and scale effectively. Pando Networked TMS Platform will enable and drive:Significant reduction in freight spends through…

Business Markets

Morning Slide: Sensex down by 502 points

Mumbai (Maharashtra) [India], November 23 (ANI): Equity indices opened in red on Tuesday with Sensex down by 502.92 points and Nifty down by 134.70 points. The 30-scrip BSE Sensex was down by 502.92 points or 0.86 per cent at 57962.97 at 9.15 am.Similarly, 50-scrip NSE Nifty was trading at 17281.80 at 9.15 am, down by 134.70 points or 0.77 per cent. On the Sensex, the sectors which are trading high are metal and basic material, while realty and finance are trading low. (ANI)

Business Markets

Equity benchmark indices close in red; Sensex tanks 1,170 pts, Nifty slips below 17,500

Mumbai (Maharashtra) [India] : Stock markets witnessed a bloodbath since the opening on Monday, with the benchmark index continuing the downside move throughout the day and crashing by almost 2 per cent at the closing bell.At the closing bell, the BSE S&P Sensex was down by 1170.12 points or 1.96 per cent at 58465.89, while the Nifty 50 dropped by 348.30 points or 1.96 per cent at 17416.50. In BSE Sensex, the sectors which plummeted the most were the energy sector with a decline of 3.99 per cent, consumer durables with 3.22 per cent, the auto sector with 3.07 per cent, and oil and gas with 3.00 per cent.The only sectors that gained were Telecom by 2.92 per cent and metal by 0.07 per cent.Among stocks, the top gainer was Bharti Airtel which surged 3.90 per cent to Rs 742.05 per share, followed by…

Business Markets

Mirae Asset Mutual Fund launches ETF scheme replicating Hang Seng TECH Index

Mumbai (Maharashtra) [India] : Mirae Asset Mutual Fund, one of the fastest growing fund houses in India which invests in the equities and debt segments, today announced the launch of ‘Mirae Asset Hang Seng TECH ETF’, an open-ended scheme replicating/tracking Hang Seng TECH Total Return Index and the ‘Mirae Asset Hang Seng TECH ETF Fund of Funds’, an open-ended fund of fund scheme predominantly investing in units of Mirae Asset Hang Seng TECH ETF.The NFO for both the funds will open for subscription on November 17, 2021. While the Mirae Asset Hang Seng TECH ETF will close on November 29, 2021 & the Mirae Asset Hang Seng TECH ETF Fund of Fund will close on December 1, 2021. The Mirae Asset Hang Seng TECH ETF will be managed by Siddharth Srivastava, while the Mirae Asset Hang Seng TECH ETF Fund of Fund will be managed by Ekta…

Business Markets TOP NEWS UPDATES

Police charge Amazon India executives in drug smuggling case

New Delhi [India] : Last week, police in the central state of Madhya Pradesh arrested two men for allegedly trafficking 20kg of the drug to other Indian states. Police say the men had traded cannabis on the site in the guise of selling stevia leaves, a natural sweetener. Amazon says it does not allow the listing and sale of illegal products. The company also said that it takes strict action against sellers found to be breaking its rules on illicit goods. “The issue was notified to us and we are currently investigating it,” Amazon added in a statement in response to the case. State police said executive directors of Amazon India had been charged under the Narcotic Drugs and Psychotropic Substances Act. This was due to “differences in answers in documents provided by the company in response to police questions and facts unearthed by…

Business Markets

Spowdi’s zero-emission irrigation system resonates with small-hold farmers

Bengaluru/New Delhi (Karnataka) [India] : Four years after Sweden’s Greentech start-up Spowdi was handpicked for the India-Sweden Innovations Accelerator program, its zero-emission irrigation solution has found resonance with farmers, says Business Sweden.“We saw much merit in bringing Spowdi’s innovation to India,” said Pawan Tahlani, Head of Sustainability (India) at Business Sweden. “When we heard about Spowdi’s solar-powered mobile irrigation pumps, we knew the innovation was a right fit to empower small-hold farmers in India,” he added. His statement comes just days after COP26, where India announced its aim to enhance its non-fossil energy capacity to 500 GW and to achieve 50% of its energy requirements with renewable energy by 2030.Highlights:* Tested in Indian conditions: Tested across multiple Indian terrains* Zero diesel usage. Relies on the sun as its only energy source.* Zero CO2 emissions: Compared to diesel pumps or other fossil fuel energy pumps used…

Business Markets

Brent crude price drops below USD 78 per barrel first time since start of October

Moscow [Russia]: The price of January futures for Brent crude dropped below $78 per barrel in the early hours of Monday, reaching a record low for the first time since October 1.As of 02:02 Moscow time on Monday (23:02 GMT on Sunday), the price of January futures for Brent was dropping 0.69 percent, to $77.93 per barrel. The price of January futures for WTI crude was going down 0.56 percent in the early hours of Monday, to $75.19 per barrel.

Business Markets

Pune’s Goel Ganga Group MD wins prestigious awards

Pune (Maharashtra) [India] : Pune-based real estate developer Goel Ganga Group and its managing director have been awarded two prestigious awards at the recently held Business Leadership Awards 2021.Goel Ganga Group was honoured with the “Best Real Estate Company of the Year”. At the same time, the Group’s Managing Director Atul Goel was conferred the “Best Real Estate Professional of the Year” award. The awards, an initiative of Feather Touch Foundation, are given for excellence and leadership in the real estate sector. Goel Ganga Group was selected for the award owing to its high-quality work, setting new benchmarks in the real estate sector, and excellent track record of delivering projects on time. Atul Goel was honoured for the prestigious award due to his leadership and managerial abilities, which have catapulted the Goel Ganga Group among the top real estate developers of Pune.“We are proud…

Business Markets

Italy-based IQT Consulting sets feet in India

New Delhi [India] : With a major focus on development projects and to work for innovation and sustainability, Italy-based IQT Consulting has set its feet in the country and has registered in India.The renowned global brand has a business presence and interest in areas in design engineering, project management, and asset management and shall be endeavoring to work in large developmental & national mission projects in municipal infrastructure, water resources, telecom infra and smart buildings sector, spearheaded by seasoned infrastructure industry professional Sachin Pant as its CEO & Director. Speaking about IQT India’s plans and vision, Sachin Pant, CEO & Director, IQT IN said, “India is accelerating its progress to emerge as the world’s strongest economy by bolstering its infrastructure and fostering an ecosystem of innovation, sustainability, and development. We believe this is the right time to expand our vision and plans in the…

Business Markets

Equity benchmark indices close in red; metals, auto drag Sensex down by 433 points

Mumbai (Maharashtra) [India]: The key equity indices had a volatile day on Thursday. The market opened in the green, but the benchmark index continued the downside move throughout and all the sectors ended in the red at the closing bell.At the closing bell, the BSE S&P Sensex was down by 433.05 points or 0.72 per cent, while the Nifty 50 dropped by 133.90 points or 0.75 per cent. In BSE Sensex, the sectors which plummeted the most were the metal sector with a decline of 2.76 per cent, the auto sector with 2.32 per cent, and the capital goods with 1.89 per cent.Among stocks, the top gainer was State Bank of India (SBI) which surged 1.16 per cent to Rs 503.95 per share, followed by Power Grid Corp up by 0.63 per cent to Rs 192.35 per share. HDFC Bank, Reliance, and ICICI Bank…

Business Markets

Equity indices open in green, Sensex up by 158 points

Mumbai (Maharashtra) [India]: Equity indices opened in green on Thursday with Sensex up by 158.53 points and Nifty up by 38.60 points. The 30-scrip BSE Sensex was up by 0.26 per cent at 60166.86 at 9.25 am.Similarly, 50-scrip NSE Nifty was trading at 17937.30 at 9.25 am, up by 38.60 points or 0.22 per cent. On the Sensex, the sectors which were trading high with maximum gain are realty sector at 1.07 and consumer durables sector at 0.63. (ANI)

Business Markets

Equity indices open in red, Sensex down by 150 points

Mumbai (Maharashtra) [India]: Equity indices opened in red on Wednesday with Sensex down by 149.92 points and Nifty down by 42.10 points.The 30-scrip BSE Sensex was down by 149.92 points or 0.25 per cent at 60172.45 at 9.35 am. Similarly, 50-scrip NSE Nifty was trading at 17957.10 at 9.35 am, down by 42.10 points or 0.23 per cent.On the Sensex, the sectors which are trading high are auto, and power, while the realty and energy sector are trading low.

Business Markets

Bajaj Housing Finance Limited’s flat processing fee of Rs. 1,999 plus GST offer

Pune (Maharashtra) [India] : Festivities with Bajaj Housing Finance Limited continue as the lender announces an extension on its ongoing festive offer of a flat processing fee of Rs. 1,999*+ GST on home loans.The offer was due to expire on 15 November 2021, but now its benefits can be enjoyed till 30 November 2021. Interested applicants are advised to make a note of the following points: The offer is applicable on home loans disbursed till 31 December 2021The offer is valid only on home loan applications filed online, through the lender’s official website, till 30 November 2021The offer can be availed of by salaried and professional applicants onlyThe Lender’s Home Loan ApplicationBajaj Housing Finance Limited, a 100% subsidiary of Bajaj Finance Limited, offers one of the most competitive housing loan interest rates in the market, starting from 6.70%* p.a., for salaried and professional applicants…

Business Markets

Moving Solutions expanded its legs to 28 states and more than 2500 cities

New Delhi [India] : Movingsolutions.in, a trusted online transport service booking portal in India, has now expanded its logistics business by covering 28 states and 2500+ cities.With the association of 2000+ authorized service providers, the company is offering a wide range of relocation services for household transportation, commercial shifting, bike, and car transportation services. The company has currently more than 2000 service providers, who have their branches pan India. And by collaborating with them, Moving Solutions has now covered all the 28 states of the country. Well, the company is already working with a wide range of clients from different places and regions across the globe.Moving Solutions is well-known for its quality services for both local and interstate relocations. It is an expert in packing & shifting and a complete relocation service provider too. The company understands the difficulties people face while hunting for…

Business Markets

TerraPay partners with MTN Mobile Money Uganda Limited to aid real-time international money transfers into key international corridors

The Hague [Netherland] : TerraPay, a global payments infrastructure company, today announced its association with MTN Mobile Money Uganda Limited, a leading telecom operator in Uganda and part of the MTN Group.The partnership will enable MTN Mobile Money Uganda Limited in facilitating international digital cross border remittances and speedy money transfers to beneficiaries in regions such as India and China. Since 2020, TerraPay has been offering inbound remittances to MTN Mobile Money Uganda Limited’s mobile wallets. In its drive to build global payments highways that interconnect mobile wallets and banks across the world, TerraPay aims to cultivate inclusivity, independence, digital mobility and empowerment amongst everyone, with the additional outbound remittance channels now opened up.Speaking on the occasion, Willie Kanyeki, Regional Director, East and Southern Africa, TerraPay said, “Since last year, TerraPay has partnered with MTN Mobile Money Uganda Limited as a digital payments infrastructure…

Business Markets

Equity indices open in green, Sensex up by 278 points

Mumbai (Maharashtra) [India]: Equity indices opened in green on Monday with Sensex up by 278.49 points and Nifty up by 87.90 points.The 30-scrip BSE Sensex was up by 0.46 per cent at 60965.18 at 9.46 am. Similarly, 50-scrip NSE Nifty was trading at 18190.70 at 9.46 am, up by 87.90 points or 0.49 per cent.On the Sensex, the sectors which were trading high with maximum gain are Healthcare at 1.27 and oil and gas at 0.85.

Business Markets

MobiKwik launches ‘MobiKwik RuPay Card’ in association with NPCI and Axis Bank

Gurugram (Haryana) [India] : MobiKwik, one of the largest mobile wallets and Buy Now Pay Later (BNPL) Fintech companies in India, has collaborated with National Payments Corporation of India (NPCI) and Axis Bank to launch “MobiKwik RuPay Card”.The card will be free of charge to customers and purely digital keeping in line with the growing demand for digital payments across online and brick and mortar stores. The customers can now get up to Rs. 200,000 of their MobiKwik wallet balance mirrored on the MobiKwik RuPay Prepaid Card. The integration of the card with MobiKwik wallet will allow MobiKwik customers to use the card and wallet balance at over 41 million merchants across 190 countries, in addition to the MobiKwik merchant network.The card users will automatically qualify for MobiKwik Zip, a flagship BNPL product, which provides up to Rs. 30,000 credit in the user’s wallet. The users…

Business Markets

Alcor announces SOC 1 Type 1 certification for their IAM Product, AccessFlow

New Delhi [India] : Alcor, a leading partner in the digital transformation space and global provider of cloud solutions, security, and implementation services, announced the successful completion of the Service Organization Control (SOC) 1 Type 1 certification for AccessFlow, an Identity and Access Management Solution.AccessFlow is an automated, self-service access management product built on the ServiceNow® Now Platform that offers seamless integration with Enterprise Resource Planning (ERP) environments. As a Built on Now native application for ServiceNow, AccessFlow provides the performance, Security, and GUI of the Now Platform – designed and tested for fast, agile, secure, resilient, and connected digital transformation.SOC 1 compliance certification is an attestation standard defined by the American Institute of Certified Public Accountants (AICPA), certifying that AccessFlow’s Internal Control over Financial Reporting (ICFR) are approved to meet the highest level of data protection for the customers. This report provides regulatory compliance…

Business Markets

Equity benchmark indices close in red, realty sector drags Sensex down by 433 points

Mumbai (Maharashtra) [India]: Indian equity market closed in red on Thursday as the realty, healthcare and banking sector shares plummeted.At the closing bell, the BSE S&P Sensex was down by 433.13 points or 0.72 per cent, while the Nifty 50 dropped by 143.60 points or 0.80 per cent. In BSE Sensex, the sectors which plummeted were the realty sector with a decline of 2.51 per cent, the healthcare sector with 1.24 per cent, and the banking sector with 1.19 per cent.The sectors which managed to stay afloat today were the consumer durables sector and power sector with 0.68 per cent and 0.31 per cent respectively.Among stocks, the top gainer was the Titan Company, which surged 1.79 per cent to Rs 2,528, followed by Mahindra & Mahindra (M&M) up by 0.57 per cent to Rs 924.90 per share.Reliance, Tata Consultancy Services (TCS) and IndusInd Bank…

Business Markets

BharatPe announces 305 winners of the ‘BharatPe Lagao, World Cup Jao’ contest

New Delhi [India] : BharatPe, India’s leading Fintech Company for merchants, announced that it has flown 305 top performing merchants to Dubai, as a part of its ‘BharatPe Lagao, World Cup Jao’ contest.The winners of the contest won a 3 days, 2 nights all-expenses paid trip to Dubai as well as got a chance to watch the ICC Men’s T20 World Cup 2021 matches live. The winners include top transacting merchant partners from 38 cities across India, during the time the contest was live. As a part of the trip, the BharatPe merchants not only watched live cricket action at the Dubai International Stadium, but also visited popular tourist locations including Jumeirah Beach, Burj-Al Arab, Dubai Museum, Atlantis The Palm & Dubai Creek. They also got an opportunity to visit the top shopping destinations in the city, including the Dubai Mall. The winners included…

Business Markets

Investors being bullish about unicorns like Nykaa, Paytm

New Delhi [India]: Investors are bullish about unicorns like Nykaa and Paytm, said stock market experts after FSN E-Commerce Ventures, the operator of Nykaa and Nykaa Fashion chain made a bumper debut as the stock listed with a massive 79 per cent premium on Tuesday.Nykaa stock on listing day closed at Rs 2208 per share on the Bombay Stock exchange and National Stock Exchange (NSE) as compared to its Initial public offering (IPO) issue price of Rs 1,125 apiece. Pranav Haldia, managing director, Prime Database said, “If you look at IPO market historically, you will find that IPO market follows the secondary market. Whenever the secondary market has done well, a spurt in issuances in the primary market is always seen. From March 2020 the secondary market crashed and now after the recovery of the economy from COVID-19 you have seen a steady bull…

Business Markets

How OfficeBing elevated workspaces to a new level for IT/ITes firms

Mumbai (Maharashtra) [India] : In today’s world, coworking spaces and serviced offices are thriving. But is a desk and WiFi enough for every business? India’s main cities are gradually developing as IT centres.In 2020, the IT/ITeS industry contributed 8% of India’s GDP. As a significant component of India’s corporate industry, they require a fresh approach to workplaces. And this is what OfficeBing recognised. “OfficeBing goes above and beyond to provide fully serviced offices for enterprises in the IT/ITes/BFSI sectors. Businesses like BPO and IT require technical support and specialised services. Furthermore, building a new office from scratch may be tough for a small corporation. We recognised that their requirements were significantly different. And it is for this reason that OfficeBing finds them fully serviced offices that are tailored particularly to these businesses.” – Rohit Gawli: Co-founder, OfficeBingOfficeBing noticed that, despite being such a large…

Business Markets TOP NEWS UPDATES Views & Voices

Dubai Expo: A Golden Opportunity for Real State Investors

By Kshvid News Network with inputs from agencies According to a real estate data expert, the Expo is still on track to boost Dubai’s property market. Started on October 1, 2021, the Dubai Expo 2020 will last six months. Culture, cooperation, and creativity are all celebrated during the event. Expo 2020 is one of the region’s most anticipated events, with over 192 countries scheduled to participate. According to analysts, the number of tourists is anticipated to reach 25 million. This is expected to significantly boost tourism and travel activities in Dubai and across the United Arab Emirates. Dubai is a melting pot of many peoples and civilizations, which will be reflected in the creative flair and noteworthy designs of Expo 2020. Therefore, whether you wish to visit Dubai’s most famous tourist and cultural attractions or sample the country’s diverse array of local and international…

Business Markets

Equity benchmark indices close in red, Sensex down by 112 points

Mumbai (Maharashtra) [India] : Indian equity market closed in red on Tuesday as the metal and consumer durables sector shares plummeted.At the closing bell, the BSE S&P Sensex was down by 112.16 points or 0.19 per cent, while the Nifty 50 dropped by 24.20 points or 0.13 per cent. In BSE Sensex, the sectors which plummeted were the metal sector with a decline of 0.81 per cent, the consumer durables sector with 0.52 per cent, and the finance sector with 0.48 per cent.Among the gainers for the day were the industrials sector with 1.32 per cent and the auto sector with 1.28 per cent.Among stocks, the top gainer was Mahindra & Mahindra (M&M), which surged 3.92 per cent to Rs 892.90 per share, followed by Larsen & Toubro up by 1.18 per cent to Rs 1,946.85 per share. State Bank of India, ICICI Bank…

Business Markets

Skillskonnect launched, India’s first digital retail network of training institutes

New Delhi [India] : Skillskonnect, a Job Tech Company that is building India’s first of its kind digital retail network was launched today.Skillskonnect has created a unique technology platform for training institutes, colleges and job consultancies that have access to a captive & a well-defined network of job seekers, with a singular mission of simplifying access to relevant jobs and facilitate job application and interview process, thus helping them to get blue collar, fresher and on demand jobs. They will accomplish this by using the innovative technology product ‘Gazabjobs’ that they have developed, which will democratize hiring across the length and breadth of the country. Gazabjobs is an amalgamation of people, process and technology, three major pillars for progress and subsistence of any business.Speaking on the occasion, Dhiraj Ahuja, CEO Skillskonnect said, “We have a vision of becoming India’s first company that will digitally…

Business Markets

Equity indices volatile, Sensex down by 38.10 points

Mumbai (Maharashtra) [India] : Equity indices had a volatile opening on Tuesday with Sensex down by 38.10 points and Nifty up by 1.70 points.The 30-scrip BSE Sensex was up by 38.10 points or 0.06 per cent at 60507.51 at 9.28 am. Similarly, 50-scrip NSE Nifty was trading at 18070.20 at 9.28 am, up by 1.70 points or 0.01 per cent.On the Sensex, the sectors which are trading high are healthcare and auto capital goods, while the finance sector and banking Sectors are trading low.

Business Markets

Equity benchmark indices close in green, Sensex gains 478 points

Mumbai (Maharashtra) [India]: Indian equity market closed in the green on Monday as the oil and gas and consumer durables sector shares gained.At the closing bell, the BSE S&P Sensex was up by 477.99 points or 0.80 per cent, while the Nifty 50 gained by 151.70 points or 0.85 per cent. In BSE Sensex the sectors, which gained were the oil and gas sector and the consumer durables sector, while the sector that plummeted was healthcare.Among stocks, the top contributor was the Titan company, which surged 4.29 per cent to Rs 2,536.90 per share, followed by Ultra Tech Cement at a surge of 4.20 per cent to Rs 8,208 per share. Bajaj Finserv, Tech Mahindra and Kotak Mahindra too traded with a positive bias.However, IndusInd Bank cracked by 10.71 per cent, followed by Mahindra & Mahindra (M&M) down by 1.57 per cent and State…

Business Markets

HarperCollins presents ‘Kamala Harris: Phenomenal Woman’ by Chidanand Rajghatta

New Delhi [India] : HarperCollins Publishers India is delighted to announce the publication of ‘Kamala Harris: Phenomenal Woman’ by Chidanand Rajghatta.A story of love and resilience within a narrative that has increasingly become one of division and hate. This is a story of immigration and immigrants and the Indian diaspora’s growing clout in the USA. This is the story of a woman of mixed race, who still rises. This is the story of Kamala. On a rare occasion, a woman becomes the president on her own steam, she is shown struggling to balance the job and the family – a requirement men are rarely expected to meet. In the 1964 comedy Kisses for My President, Leslie McCloud eventually discovers that she is pregnant and resigns to devote herself full-time to her family.In the 1985 ABC sitcom Hail to the Chief, President Julia Mansfield has…

Business Markets

Xebia Academy ties up with Lovely Professional University offering professional certification in DevOps

New Delhi [India] : Xebia Academy, one of the biggest names in the Ed-Tech market, has recently announced its association with Lovely Professional University (LPU). The IT giant–known to train industry in various modern technologies, has been expanding its higher education portfolio, LPU being the latest addition to its family.Xebia and LPU’s association will help bring in DevOps course to the latter’s classrooms, ensuring that students are no longer deemed industry freshers and they graduate with enough experience to meet respective job needs. Xebia Academy is one of the leading names to expand on software development, DevOps & Automation, and Cloud, bringing these technologies as courses to classrooms. Together with LPU, Xebia Academy will be able to build strong software engineers and developed skilled professionals who will further understand modern technology and automation in depth.Addressing on the Academic Alliance, Brijesh Kohli – Director Xebia…

Business Markets

Aseem Chawla’s book ‘Finding A Straight Line Between Twists and Turns’ unveiled

New Delhi [India] : India’s leading tax lawyer and well known international tax and policy expert, Aseem Chawla today announced the release of his new book titled ‘Finding A Straight Line Between Twists and Turns – An Imperfect, Yet Honest Reflections on the Indian Tax Landscape’.The book, which has been published by Matrix Publishers, provides in-depth analysis of key recent milestones/landmark events, which have influenced Indian tax landscape, in particular, over the last decade or so. The cross border influences on the tax ecosystem and what it means for policymakers and the judicial response have been deliberated in the book. The book was unveiled by Chief Guest, Justice S Ravindra Bhat, Judge, Supreme Court of India, along with the Guest of Honour, Justice Vipin Sanghi, Hon’ble Judge, Delhi High Court at Silver Oak, India Habitat Centre, New Delhi.Through a compendium of articles, the book…

Business Markets

Fitness2Flash is among 13 finalists in India to receive funding from Facebook

Mumbai (Maharashtra) [India] : Fitness2Flash, an all-health, women’s and fitness community, is one of 13 finalists in India to be funded by Facebook’s Community Accelerator Programme (FCAP) 2021.Aside from training and early access to new products, Fitness2Flash will receive up to $50,000 in funding from Facebook to help fund the community’s activities. In the last six months, approximately 13,000 communities participated, and Fitness2Flash is one of 13 finalists from India for Facebook’s CAP-2021 programme. FCAP-2021 was announced in May 2021 to assist and empower leaders to harness the power of their communities and turn ideas into action. Facebook’s Community Accelerator Program was announced in May 2021 and was aimed to help and empower leaders to harness the power of their communities and turn ideas into actionFitness2Flash has grown to over 350k women worldwide. F2F has evolved significantly over the years, but one goal has…

Business Markets

Mahurat trading starts with indices in green

Mumbai (Maharashtra) [India]: Ringing in the auspicious occasion of Diwali on Thursday, the special Mahurat trading session flagged off at the Bombay Stock Exchange (BSE), with the indices opening in the green.The special trading window marks the beginning of Samvat 2078. It is the Hindu calendar that begins on Diwali. At 6.17 pm, the BSE Sensex opened at 60122.71 points up at 350.79 points and the NSE Nifty opened at 17936.30 points up by 107.10 points.During the trading session Sensex touched a high of 60,207.97 points (at 6.17 pm) and a low of 60,076.77 points.In the Sensex, sectors which are trading high are auto, consumer durables and Consumer Discretionary Goods and Services sectors.Actress Bhagyashree rang the opening bell along with Managing Director and Chief Executive Officer of the BSE Ashish Chauhan.“Bollywood Actress Bhagyashree with Ashish Chauhan, MD & CEO BSE Indiaand others Ringing the…

Business Markets

Equity benchmark indices close in red, Sensex down by 109 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Tuesday after witnessing a volatile trading session.At the closing bell, the BSE S&P Sensex was down by 109.40 points or 0.18 per cent, while the Nifty 50 dropped by 40.70 points or 0.23 per cent. In BSE Sensex the sectors, which plummeted were the metal sector with a decline of 1.93 per cent, the energy sector with 1.20 per cent, and the basic materials sector with 1.13 per cent. Among the gainers for the day were the realty sector with 3.33 per cent and consumer durables with 1.14 per cent.Among stocks, the top gainer was Maruti Suzuki, which surged 2.36 per cent to Rs 7,792.05 per share, followed by Titan up by 1.95 per cent to Rs 2,453.20 per share. NTPC, State Bank of India and Larsen & Toubro too traded with…

Business Markets

Equity indices open in green, Sensex up by 217 points

Mumbai (Maharashtra) [India]: Equity benchmark indices opened in the green on Monday with Sensex up by 217.43 points and Nifty up by 60.90 points.At 9:30 am, the 30-scrip BSE Sensex was up by 217.43 points or 0.37 per cent at 59524.36. Similarly, 50-scrip NSE Nifty was trading at 17732.60, at 9:30 am, up by 60.90 points or 0.34 per cent.

Business Markets

Equity benchmark indices close in red again; Sensex plummets 677.77 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Friday as the energy and information technology shares plunged.At the closing bell, the BSE S&P Sensex was down by 677.77 points or 1.13 per cent, while the Nifty 50 dropped by 185.60 points or 1.40 per cent. In BSE Sensex the sectors, which plummeted were the energy sector with a decline of 1.90 per cent, the information technology sector with 1.60 per cent, TECK with 1.35 per cent and banking with 1.12 per cent.Among the gainer for the day were the basic materials sector with 0.55 per cent and realty with 0.53 per cent.Among stocks, the top gainer was UltraTech Cement, which surged 2.61 per cent to Rs 7,632.75 per share, followed by Dr Reddys Labs up by 2.21 per cent to Rs 4,670.05 per share. Maruti Suzuki, Tata Steel and Titan…

Business Markets

StoreHippo helping enterprise businesses reinvent their brand

New Delhi [India] : If there is one trend that has helped enterprise brands redefine success, it is the D2C (direct-to-consumer) model. E-commerce has long been the preferred shopping channel for millions across the globe.With the pandemic push, brands realised the necessity for building their online presence and connecting directly to customers by leveraging digital commerce channels. While 80% of large retail stores faced a sales dip or closure during the pandemic, D2C brand websites saw a whopping 88% growth in orders. D2C transition is beyond doubt the need of the hour for enterprise brands inclined to register faster and lasting growth. As diverse brands are planning to hop the D2C bandwagon, StoreHippo®, the next-generation e-commerce platform offering 360-degree e-commerce solutions for enterprise businesses, is enhancing its D2C offerings to help big brands go to market in record time and grow their reach to…

Business Markets

Equity benchmark indices close in red; Sensex plummets 1,158 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Thursday as the realty and banking shares plunged.At the closing bell, the BSE S&P Sensex was down by 1,158.63 points or 1.89 per cent, while the Nifty 50 dropped by 353.70 points or 1.94 per cent. In BSE Sensex the sectors, which plummeted were the realty sector with a decline of 3.75 per cent and the banking sector with 3.36 per cent.The only gainer for the day was the capital goods sector with 0.02 per cent.Among stocks, the top gainer was IndusInd Bank, which surged 2.94 per cent to Rs 1,175.45 per share, followed by Larsen and Toubro up by 1.92 per cent to Rs 1,817 per share. UltraTech Cement, Asian Paints, and Maruti Suzuki too traded with a positive bias.However, ITC cracked by 5.54 per cent, followed by ICICI Bank down…

Business Markets

Equity benchmark indices close in red; Sensex falls by nearly 207 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Wednesday as the metal and banking sector shares dragged.At the closing bell, the BSE S&P Sensex was down by 206.93 points or 0.34 per cent, while the Nifty 50 dropped by 57.40 points or 0.31 per cent. In BSE Sensex the sectors, the sectors which plummeted were the metal sector with a decline of 1.82 per cent and the banking sector with 1.12 per cent.However, the Information Technology sector gained by 1.01 per cent, followed by the TECK sector at 0.76 per cent.Among stocks, the top gainer was Asian Paints, which surged 4.42 per cent to Rs 3,094.20 per share, followed by Sun Pharma up by 1.45 per cent to Rs 825.35 per share. Infosys, State Bank of India (SBI), and UltraTech Cement too traded with a positive bias.However, Axis Bank cracked…

Business Markets

121 Finance goes live on OCEN enabled GeM Sahay

Jaipur (Rajasthan) [India] : 121 Finance, an RBI registered NBFC, focused on Short Term Working Capital Finance, has become one of the first lenders on GeM SAHAY and hence one of the earliest adopters of OCEN (Open Credit Enablement Network). This Government e-Marketplace SAHAY initiative brings a complete financing solution for sole proprietors to avail instant, frictionless financing to help fulfil government orders. With this, 121 Finance joins ICICI Bank and UGRO capital on this platform.121 Finance has built a proprietary technology stack that can provide end-to-end digital loans as low as Re.1. Passionate about Working Capital Management, Dr Ravi Modani founded 121 Finance, now present in 86 cities across the country. 121 Finance offers various innovative products ranging from Invoice Discounting to Factoring; Purchase Finance to Credit Coverage solutions like 121 Smart Credit as Channel Finance from Distributors to Dealers. GeM Sahay opens…

Business Markets

Equity benchmark indices close in green as realty stocks skyrocket

Mumbai (Maharashtra) [India] : The Indian equity market closed in the green on Tuesday as the realty and metal sector shares gain.At the closing bell, the BSE S&P Sensex was up by 383.21 points or 0.63 per cent, while the Nifty 50 gained by 143.00 points or 0.79 per cent. In BSE Sensex the sectors, which gained were the realty sector with a surge of 3.40 per cent and the metal sector with 2.89 per cent. All sectors managed to stay afloat today.Among stocks, the top contributor was Tata Steel, which surged 3.92 per cent to Rs 1,345.25 per share, followed by the company Titan at a surge of 3.20 per cent to Rs 2,456.80 per share. Nestle, Bajaj Finance, and Tech Mahindra too traded with a positive bias. However, IndusInd Bank cracked by 1.92 per cent, followed by ICICI Bank down by 1.43…

Business Markets

VFS Global is certified by Great Place to Work® as a Workplace with Inclusive Practices

Mumbai (Maharashtra) [India] : VFS Global, the world’s largest outsourcing and technology services specialist for governments and diplomatic missions worldwide is certified by Great Place to Work® India (GPTW) as a Workplace with Inclusive Practices.The recognition demonstrates the company’s unwavering focus to encourage and foster diversity and inclusion as its key growth drivers since inception. With a truly global workforce comprising professionals from 118 nationalities VFS Global has reaped the benefit of diversity – in terms of global views and cultures.With a 57:43 women to men ratio in its employee base and many key global functions such as legal, risk, compliance, taxation, ESG, quality & transformation, corporate communication and regional operations in key international markets managed by women leaders, the organisation is deeply committed to gender diversity.“The certification by GPTW is a testament of a long-term and continuous journey embarked upon by us at…

Business Markets

Sensex, Nifty snap 4-day losing streak, close in green

Mumbai (Maharashtra) [India]: Indian equity market closed in the green on Monday, snapping the four-day losing streak as the banking and finance sector shares gained.At the closing bell, the BSE S&P Sensex was up by 145.43 points or 0.24 per cent, while the Nifty 50 gained by 10.50 points or 0.06 per cent. In BSE Sensex the sectors, which gained were the banking sector and the finance sector, while those plummeted were the realty sector and the consumer discretionary goods and services sector.Among stocks, the top contributor was ICICI Bank, which surged 10.85 per cent to Rs 841.70 per share, followed by Axis Bank at a surge of 3.48 per cent to Rs 845.10 per share. Dr Reddy’s Laboratories, State Bank of India (SBI), and Mahindra & Mahindra (M&M) too traded with a positive bias.However, Bajaj Finserv cracked by 3.04 per cent, followed by…

Business Markets

Equity indices open in red, Sensex down by 46 points

Mumbai (Maharashtra) [India]: Equity benchmark indices opened in the red on Monday with Sensex down by 46.58 points and Nifty down by 21.90 points.At 9.30 am, the 30-scrip BSE Sensex was down by 46.58 points or 0.08 per cent at 60,775.04. Similarly, 50-scrip NSE Nifty was trading at 18093.00 at 9.30 am, down by 21.90 points or 0.12 per cent.

Business Markets

Deep focus offers ROI driven exclusive email marketing solutions

New Delhi [India] : Email marketing offers the highest return on investment among all digital marketing channels that exist in contemporary Digital Marketing. As a Certified Mailchimp Expert & Mailchimp Pro Partner, Deep Focus has assisted numerous global clients from different industries in profitably running their email marketing campaigns by utilizing the power of engaging and quality content driven emails. It offers pocket-friendly & result-oriented packages that help clients to improve their marketing ROIs and increase brand awareness.With over 4 billion daily active email users, it shouldn’t come as a surprise that the ROI for email marketing is almost 4 times higher than any alternative online marketing technique. Emails landing up in spam folder is one of the biggest obstacles faced by individuals and businesses. As high as 45% of all emails sent end up in the spam folders. This reduces the probability of…

Business Markets

Why one should watch Safari with Suyash TV, India’s first Virtual Safari

New Delhi (India) : The much-awaited premiere of Safari with Suyash -TV, the World’s first and one of its kind wildlife OTT platforms, on 17th October is a sheer invitation for an authentic, immersive and educational safari experience. Set against the backdrop of the biologically diverse Bandhavgarh National Park in Madhya Pradesh, the first episode has set the tone for an enthralling journey into the Tiger Capital of the world.With this overview in mind, let us explore the reasons to indulge in India’s First Virtual Safari Experience. Safari with Suyash – TV is India’s first-ever virtual safari experience that can be availed from the comforting cocoon of one’s couch. Bringing together the thrill of tracking the most loved big cat – the tiger – to learning about trees, bushes, birds, and insects understanding their behavior, fun facts, along with ways to conserve their habitat.…

Business Markets

Piramal Realty Introduces S-Class Homes at Piramal Revanta

Mumbai( Maharashtra)[India] : With the changing market environment, consumers desire to own optimally designed homes with views that will leave you mesmerized. To fulfil these desires, Piramal Realty, the real estate arm of Piramal Group has introduced “S-Class Homes”, a new generation of smart and classy homes at Mulund’s most sought after residential address Piramal Revanta.These smart residences are singularly curated to offer a serene ecosystem, selective privacy, spectacular amenities and stunning views that are truly are a class apart. Commenting on the announcement, Gaurav Sawhney, Chief Operating Officer, Piramal Realty, said, “There has been a continued rise in the demand for apartments with open spaces, natural light, and ventilation that provide holistic living experiences. With the introduction of S-Class Homes, we aim to create smart residences that spell class and improve the quality of life for first-time home buyers, and individuals who wish…

Business Markets

TVS Motor Company reports highest ever revenue and highest ever EBITDA in Q2

Chennai (Tamil Nadu)[India] : TVS Motor Company reported the highest ever revenue of Rs. 5,619 crores in the second quarter of 2021-22 as against Rs. 4,605 crores in the second quarter of 2020-21 registering a growth of 22%.The company also posted the highest ever EBITDA of Rs. 562 crores as against Rs. 430 Crores during the quarter ended September 2020, despite various challenges in terms of increase in commodity costs, scarcity of containers for international business and shortage in semiconductors through significant cost reduction initiatives and growth in revenue. The company’s PBT grew by 41% at Rs. 377 crores during this quarter as against Rs. 267 Crores during the quarter ended September 2020. The company registered an operating EBITDA margin of 10% during this quarter as against 9.3% during the quarter ended September 2020. Total two-wheeler sales of 8.70 Lakh units were registered in…

Business Markets

Equity indices open in the green, Sensex up by 368 points

Mumbai (Maharashtra) [India]: Equity benchmark indices opened in the green on Friday with Sensex up by 368.51 points and Nifty up by 104.90 points.At 9:30 am, the 30-scrip BSE Sensex was up by 368.51 points or 0.60 per cent at 61292.01. Similarly, 50-scrip NSE Nifty was trading at 18283, at 9:30 am, up by 104.90 points or 0.58 per cent.

Business Markets

Washington Apple Commission launches new website

Wenatchee/Washington,( US ) : Washington Apple Commission launches their brand-new website, along with a complete rebrand. The Washington Apple Commission, the industry marketing arm for international promotions, has updated their website to create a modern and visually striking “one-stop-shop” for all things Washington apple – from the newest varieties to delicious new recipes.www.waapple.org, the new Washington Apples website is the go-to resource for apple discovery. Whether someone is looking for the sweetest apple available in January or the best red baking apple, with just a few clicks on the new apple variety page users will quickly find the answer they are looking for. Enhancing the apple variety page led to a complete overhaul of the apple recipe portal. With completely new recipes, videos and photography, this recipe index reflects a delightful experience that will locate the right recipe for anyone’s taste buds.Another focus of the…

Business Markets

Equity indices open in the green, Sensex up by 60 points

Mumbai (Maharashtra) [India] : Equity benchmark indices opened in the green on Thursday with Sensex up by 60.19 points and Nifty up by 24.50 points.At 9:30 am, the 30-scrip BSE Sensex was up by 60.19 points or 0.10 per cent at 61320.15. Similarly, 50-scrip NSE Nifty was trading at 18291.10, at 9:30 am, up by 24.50 points or 0.13 per cent. 

Business Markets

MobiKwik launches ‘MobiKwik Wali Diwali DealSeManao’

New Delhi (Delhi) [India] : MobiKwik, one of the largest mobile wallets and Buy Now Pay Later (BNPL) Fintech in India, today announced its festive campaign “MobiKwik Wali Diwali #DealSeManao”, replete with deals on credit cards, EMIs, cashback offers and interest-free credit on ‘Buy Now, Pay Later’. The company has partnered with renowned merchants such as Myntra, Reliance Fresh, Reliance Digital, Spencers, Pantaloons, Swiggy, Zomato, etc. during the festival season. The 15-day long Diwali offers are valid from 21st October – 5th November with the participation of the leading merchants.With the MobiKwik app, the customers can avail cashback up to INR 700 on various merchant transactions including groceries, restaurants, electronics, fashion, travel, food, etc. The customers can also use the MobiKwik platform for credit card bill payment. Each day a user can win a Timex watch (worth INR 4499) or free PVR movie tickets…