Tuesday, January 18, 2022

Business

Foreign institutional investors hike stake in Reliance Industries to 25.2%

Reliance Industries (RIL) on Thursday filed a statement showing the shareholding pattern for the quarter ended September 30. The statement showed FII holding 165.8 crore shares or 25.2 per cent of the total shareholding.

SBI Card Q2 net profit dips 46 pc to Rs 206 crore

SBI Card, promoted by the country's largest lender State Bank of India, said its card-in-force grew 16 per cent to 1.10 crore as of second quarter of 2020-21, from 0.95 crore a year ago.

India’s smartphone market hits record 50 mn units in Q3

Smartphone shipments in India recovered in Q3 2020, posting 8 per cent growth to 50 million units (from 46.2 million units in year-ago period).

Aurobindo Pharma arm’s New Jersey unit gets warning letter from USFDA

AuroLife Pharma, a wholly-owned step-down subsidiary of the company, has received a warning letter from the United States Food and Drug Administration (USFDA) for its oral solid manufacturing facility situated at Dayton

Techbooze starts pumping heavy funds into Indian startups

Startups including Byju's, Playco and Ynsect.com have already received funds with an undisclosed figure, the company said, adding that it will be investing heavily into startups and the real estate sector.

Gold declines by Rs 95 on weak global trend

Silver prices also declined Rs 504 to Rs 63,425 per kilogram from Rs 63,929 per kilogram in the previous trade.

Tesla launches ‘Full Self Driving’ beta to select drivers

The customers in Tesla's Early Access Programme will receive software updates, which will give drivers access to Autopilot's ‘partially' automated driver assistance system on city streets.

PayPal to support cryptocurrency for all online payments

PayPal also plans to extend support to its money-sending subsidiary Venmo and international markets starting early next year.

Women now represent 28.6% of Microsoft’s global workforce

According to Microsoft's '2020 Diversity and Inclusion' report released on Wednesday, Asian employees, which include more than a dozen different ethnic groups, represent 34.7 per cent of its US workforce

Dr Reddy’s detects cyber-attack, isolates its data centre services

Says it anticipates all services to be up within 24 hours and do not foresees any major impact on its operations

Sensex declines over 250 pts in early trade; Nifty tests 11,850

The 30-share BSE index was trading 279.13 points or 0.69 per cent lower at 40,428.18, and the broader NSE Nifty fell 80.05 points or 0.67 per cent to 11,857.60.

73% of Indian companies saw 25% jump in cyber threats post Covid-19: Cisco

Secure access is seen as the top cybersecurity challenge faced by the largest proportion of organisations

Jio revamps its made-in-India browser as JioPages

Currently available for Android smartphones, the browser is a revamped version of JioBrowser which has already been downloaded over 10 million times from Google Play Store.

India moving rapidly towards indigenously-made supercomputers

The National Super Computing Mission (NSM) is rapidly boosting high power computing in the country through its various phases to meet the increasing computational demands of academia, researchers, MSMEs

Cathay Pacific cuts 8,500 jobs, shutters regional airline

The company will also shut down Cathay Dragon, its regional airline unit, with operations ceasing from Wednesday. It will seek regulatory approval for most of the routes to be operated by Cathay Pacific
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