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Home  Business

Business

Sensex tanks 487 pts; Nifty slips below 15,100

Sensex tanks 487 pts; Nifty slips below 15,100

  • LG, Luxoft launch joint venture for automotive solutions

    Their joint venture Alluto is headquartered in Santa Clara, California, and will provide solutions for digital cockpit, in-vehicle infotainment, passenger-seat entertainment and ride-hailing systems based on LG's webOS Auto platform
  • Bentley Systems to acquire Seequent in $1.05 billion deal

    The acquisition of Seequent is expected to initially add approximately 10 per cent to each of Bentley Systems' key financial metrics and is expected to be measurably accretive to Bentley's organic growth rate, the company said on Thursday.
  • Gold declines Rs 291; silver tanks Rs 1,096

    The Indian rupee jumped 20 paise to trade at 72.71 against the US dollar in opening deals on Friday.
  • Studio apartments’ supply in 2020 drops for 1st time in 7 yrs

    Anarock data showed that out of the total 884 projects launched in 2020 across the top seven cities, about 130 projects offered studio apartments (15 per cent share).
  • Brighter days ahead for grade 1 real estate players: Ind-Ra

    Apart from a lower ratio of house price to salary, a lower interest rate environment is likely to improve the affordability of house ownership as mortgage rates decline. 
  • OPPO may launch its first foldable phone by June-end

    It will be a folding device and not a rollable like the OPPO X 2021 concept pictured below and showcased last year - this one isn't going to become an actual product anytime soon, reports GSMArena.
  • Salesforce appoints Sanket Atal as India Managing Director

    "Atal's appointment is a reflection of our commitment and continued investment in India. We welcome him to Salesforce and look forward to driving even greater innovation and success in this market," said Bhattacharya.
  • Redmi Note 10 Pro Max takes camera experience to top level

    The brand introduced three smartphones under the series: Redmi Note 10 Pro Max, Redmi Note 10 Pro and Redmi Note 10, which come with a refreshed design and latest technological advancements
  • Amazon infuses Rs 225 cr into India payments unit

    The shares were allotted to Amazon Corporate Holdings Private Limited and Amazon.com.Incs Limited, the documents filed with the corporate affairs ministry showed. 
  • Rupee surges 20 paise to 72.71 against USD in early trade

    The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.16 per cent to 91.56.
  • Apple sues ex-worker for selling trade secrets to a journalist

    According to AppleInsider, the company has sued Simon Lancaster, a veteran product design architect, for allegedly selling trade secrets to an unnamed publication in exchange for gaining publicity for his next venture after leaving the tech giant.
  • Sensex rallies over 500 points in early trade; Nifty tops 15,300

    L&T was the top gainer in the Sensex pack, rising around 2 per cent, followed by ONGC, NTPC, HDFC Bank, SBI, IndusInd Bank, ICICI Bank, SBI, Infosys and TCS.
  • Transasia to set up unit in Telangana

    Diagnostic products maker to invest Rs 150 crore in the facility that will cater to domestic and export markets.
  • Hyderabad Bikerni to train 10 lakh women in mobility

    Jai Bharati Addepalli who has founded MoWo Social Initiatives plans to empower one million (10 lakh) MoWo-ians not just in India but also other countries in Asia and Africa.
  • Investors continue to be bullish on gold ETFs

    Gold ETFs had seen an outflow of Rs 141 crore in November, data available with Association of Mutual Funds in India showed.
  • Kalyan Jewellers Rs 1,175-cr IPO to open on Mar 16

    The initial public offer (IPO) comprises issuance of fresh equity aggregating up to Rs 800 crore and an offer for sale (OFS) worth Rs 375 crore.
  • BMW remained profitable in 2020

    The Munich-based company's sales were boosted by the early and strong economic recovery in China, where 2020 sales topped the year before by 7.4 per cent.
  • Svasti Microfinance raises Rs 31 cr

    The MFI services around 1,87,500 customers across 63 branches spread over 4 states, aggregating a loan portfolio of around Rs 400 crore.
  • TV prices to go up from April

    Brands including Panasonic, Haier and Thomson are considering to increase prices from April this year, while some like LG have already raised prices due to hike in prices of open-cell.
  • Tata Motors sees commercial vehicles growth at over 30 pc next fiscal

    The company, which on Thursday launched its latest range of intermediate and light commercial trucks (I&LCV) - the Ultra Sleek T-Series.
  • Sebi to examine feasibility of SPACs

    SPACs are formed to raise capital in an initial public offering (IPO) with the purpose of using the proceeds to identify and merge with a target company.
  • Most economies not to return to pre-Covid levels until 2022: Moody’s

    The virus has disrupted the global economy and triggered a credit downturn accompanied by a spike in bond defaults, Moody's said.
  • CAIT launches vendor onboarding app

    The Confederation of All India Traders (CAIT) said its 'purely Indian' Bharat e Market portal will comply with all the rules and regulations of the country.
  • Triton Electric registers unit in India

    New Jersey-headquartered Triton Electric Vehicle has registered the unit by the name of Triton Electric Vehicles India Pvt Ltd.
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