Business

In early trade, the 30-share BSE Sensex rose by 144.92 points to 79,100.95, while the NSE Nifty increased by 57.5 points to 24,196.50. Among the 30 Sensex companies, the biggest gainers were HCL Technologies, Mahindra & Mahindra, Tech Mahindra, Tata Motors, State Bank of India, and NTPC.

To enhance accessibility for Pixel smartphones, Google announced the launch of three new Google-owned walk-in service centers in collaboration with Flipkart’s service arm. Additionally, Pixel products will now be available in over 150 retail outlets across 15 cities, expanding the company's local retail presence.

Forex traders noted that the US dollar weakened against major currencies following a softer-than-expected US Producer Price Index (PPI) report, making the Dollar Index susceptible to further correction. In the interbank foreign exchange market, the rupee opened at 83.90 against the dollar, gaining 7 paise from its previous close.

Narasimhan has stepped down as CEO and from the Starbucks board "with immediate effect," the company announced on Tuesday. The leadership change comes as Starbucks seeks to revitalize its business amid recent broad-based sales declines.

The global quantum workforce is drastically understaffed, as evidenced in a McKinsey report predicting that less than half of projected quantum computing jobs will be filled by 2025.

Nearly 27 million 5G smartphones were shipped in the April-June quarter.

Shares of Adani Wilmar went up 2.15 per cent, ACC (1.93 per cent), Adani Power (1.74 per cent), Adani Ports (1 per cent) and Ambuja Cements (0.43 per cent).

On the Multi Commodity Exchange, September silver contracts rose by Rs 682, or 0.85%, to Rs 81,225 per kg in 28,366 lots. Analysts attributed the price increase to new positions taken by participants in response to a positive domestic trend.

On the Multi Commodity Exchange, October gold contracts rose by Rs 87, or 0.12%, to Rs 69,982 per 10 grams, with a turnover of 17,282 lots. Analysts noted that the price increase was driven by new positions taken by participants.

On the BSE, Adani Energy Solutions fell 17%, Adani Total Gas dropped 13.39%, NDTV plunged 11%, and Adani Power declined 10.94%. Other notable declines included Adani Green Energy at 6.96%, Adani Wilmar at 6.49%, Adani Enterprises at 5.43%, Adani Ports at 4.95%, Ambuja Cements at 2.53%, and ACC at 2.42%.

Forex traders noted that the 84.00 level is serving as a psychological resistance for the USD/INR pair. Market participants are also waiting for cues from the Indian CPI inflation and IIP data, which are set to be released later today.

Sensex down 375.79 points to 79,330.12, Nifty drops 108.25 points to 24,259.25

Short-seller, in series of posts on X, says Buchs' response includes several important admissions and raises numerous new critical questions

Amazon already has a strong presence in Telangana which includes their largest corporate building in the world in Hyderabad.

Says allegations are no more than red herrings thrown by desperate entity with total contempt for Indian laws

Say it is unfortunate that short-seller, against whom Sebi has taken action and issued show cause notice, has chosen to attempt character assassination in response

It went on to cite the Supreme Court order where it was recorded that Sebi had "drawn a blank" in its investigations into who funded Adani's offshore shareholders.

The battery maker had signed a MoU with the previous BRS government for investing 9,500 crore, for setting up research and development and a Greenfield manufacturing facility for Lithium-Ion battery-making in Telangana

Will have positive impact on archipelago nation's tourism sector, says External Affairs Minister S Jaishankar

The RBI has proposed to introduce a new provision called "Delegated Payments" through UPI. The step is aimed at further deepening the reach and usage of digital payments.

Opens at 83.95 against the greenback, touches 83.89

This comes amid significant rally in the US and Asian markets along with buying in blue-chips Tata Consultancy Services and Reliance Industries

The share opened at 1,159 each after India’s largest insurer reported a 9% year-on-year increase in net profit for the April-June period, alongside a 16% rise in net premium income. The company sold nearly 35 lakh policies in the individual segment during Q1 FY25, up from 32 lakh in the same period last year.

RBI proposes to reduce clearing cycle by introducing continuous clearing with 'on-realisation-settlement' in Cheque Truncation System