BUSINESS
GDP contribution of domestic electronics component manufacturing to double soon
IESA is the key industry body representing the Electronics Systems Design and Manufacturing (ESDM) and intelligent electronics industry in India. Through its deep connection with its member companies, IESA aims to grow the ESDM and electronics business segment in India while making India the preferred destination for electronics and semiconductor design and manufacturing.
Silicon, hydrogen to emerge as 'New Oil' for RIL
The strategy is to provide supporting infrastructure in areas of hydrogen, integrated solar PV and grid batteries – all areas with high entry barriers, technological advances and good returns. It plans to create four gigafactories with a $12 billion investment, offering the entire spectrum of renewable/distributed energy solutions, as it capitalises on India's quartz and silicon resources.
Licious becomes India's first D2C unicorn after raising $52mn
The fresh animal protein brand achieved a $1 billion valuation after receiving funding in Series G round led by IIFL AMC's 'Late-Stage Tech Fund'. "The fresh meats and seafood sector is still largely underserved and unorganised that holds a vast opportunity of $40 billion. As the category leader, we aim at paving the way for a second wave of young start-ups that can join hands in fully harnessing the potential that the industry has to offer," said Vivek Gupta and Abhay Hanjura, co-founders, Licious.
Pandora Papers allegations: Kiran Mazumdar-Shaw says grossly misrepresented facts
"Sharing my Notification to Stock Exchange with facts on my husband John Shaw's offshore trust. Both John and I are law-abiding citizens and have always been in compliance with all the applicable regulations," she said. The notification has been issued to the Secretary, BSE limited and the Secretary, National Stock Exchange of India Limited on September 4.
OPEC supply restraint, hardening oil prices see oil cos shares flying
At around 11.20 a.m., shares of the Oil and Natural Gas Corporation (ONGC) jumped 7.22 per cent to Rs 158.25 on the BSE while that of Oil India Ltd (OIL) gained 1.92 per cent to reach Rs 246.30. Indian Oil Corporation shares were up 2.89 per cent to Rs 129.90 while privatisation- bound Bharat Petroleum Corporation shares also witnessed a jump rising 1.09 per cent to Rs 440.45. Hindustan Petroleum Corporation also saw its shares rising 1.77 per cent to Rs 307.90.
Markets open on a negative note
The Sensex of the BSE opened at 59,320.14 which was also the high point. The Sensex touched a low of 59,127.04 points. On Monday the Sensex closed at 59,299.32 points. The Sensex is trading at 59,243.22 down by 56.1 points or 0.09 per cent.
Petrol, diesel prices rise again amid volatility in oil market
Accordingly, diesel prices increased by 30 paisa per litre in the national capital to Rs 91.07 per litre, while petrol rates rose by 25 paisa per litre to Rs 102.64 a litre, according to Indian Oil Corporation, the country's largest fuel retailer. Diesel prices have now increased on nine out of the last 12 days taking up its retail price by Rs 2.45 per litre in Delhi.
Mark Zuckerberg loses $7 billion after massive global outage of his social media sites, apologizes for disruption
The markets around the world reacted negatively as the shares of Facebook plummeted costing CEO Mark Zuckerberg $7 billion from his wealth. This resulted in Mark’s fall to 5th position in the global rich list with a net worth of $121.6 billion. Mark previously ranked 3rd on Bloomberg Richest index.
ED arrests Unitech founder Ramesh Chandra, daughter-in-law for financial frauds
Lookout circular was issued against her Preeti Chandra, the wife of Sanjay Chandra, Unitech promoter and son of Ramesh Chandra. Sanjay Chandra himself is behind bars on charges of money laundering. Preeti Chandra has got the citizenship of Dominica and it is alleged that she was stashing money outside India.
Cases pertaining to 'Pandora Papers' to be investigated: Govt
A finance ministry statement said that the government has taken note of these developments and the relevant investigative agencies would now undertake investigation in these cases and appropriate action would be taken in such cases as per law. With a view to ensure effective investigation in these cases, the Government will also proactively engage with foreign jurisdictions for obtaining information in respect of relevant taxpayers/entities
Don't Miss
Advertisement