BUSINESS
Sensex, Nifty settle at record high closing levels
Nifty also touched a new intra-day all-time high of 15,773.45 points. It closed at 15,751.65, higher by 81.40 points, or 0.52 per cent, from its previous close of 15,670.25 points. Sensex closed at 52,328.51, higher by 228.46 points, or 0.44 per cent, from its previous close of 52,100.05. It had opened at 52,231.38 and touched an intra-day high of 52,378.69 and a low of 52,054.76 points.
Cashfree raises funds from SBI, to scale payments ecosystem
Incubated by payments pioneer PayPal, Cashfree is backed by Apis Partners, Smilegate and Y Combinator. The platform is being used by businesses like Zomato, CRED, Nykaa, Delhivery, Acko and Shell, among others, for ecommerce payment collection, vendor payments and marketplace settlements etc.
ICICI Prudential Life announces Rs 867 cr bonus for policy holders
The bonus declared is the highest ever by the Company till date and is also 10 per cent higher than the bonus announced in the last fiscal, the company said. All participating policies in-force as of March 31, 2021 are eligible to receive this bonus and will be added to the policyholders' benefits, it added.
Fuel price rise for 2nd straight day takes it to new highs
Mumbai is not the only city to have the unique distinction of petrol breaching the Rs 100 per litre mark. Thane reached the mark a few days back while few other cities in Rajasthan (including Jaipur) Madhya Pradesh and Maharashtra, having the highest VAT levels on auto fuels in the country, have already been selling normal petrol for over Rs 100 a litre for the past several days.
Tata Steel Mining declared successful resolution applicant for Rohit Ferro-Tech
"Tata Steel Mining Limited (TSML), a wholly-owned subsidiary of Tata Steel Limited has been declared as the successful resolution applicant by the Committee of Creditors for the acquisition of Rohit Ferro-Tech Limited ('RFT') on June 5, 2021, subject to it obtaining necessary regulatory approvals including approval from the National Company Law Tribunal (NCLT)," Tata Steel said in a regulatory filing.
Equity indices trade marginally higher, auto stocks rise
Around 10.10 am., Sensex was trading at 52,137.85, higher by 37.8 points or 0.07 per cent from its previous close of 52,100.05. It opened at 52,231.38 and has so far touched an intra-day high of 52,279.55 and a low of 52,054.76 points. The Nifty50 on the National Stock Exchange was trading at 15,702.95, higher by 32.70 points or 0.21 per cent from its previous close.
DHFL logs Q4 net profit of Rs 96.75 cr
During the same quarter of FY2019-20, the bankrupt NBFC had posted a consolidated net loss of Rs 7,507.01 crore. Its total revenue from operations during the fourth quarter of FY21 was Rs 2,034.53 crore. For the financial year 2020-21, DHFL reported a consolidated net loss of Rs 15,051.17 crore.
Musk blasted by 'Anonymous' hackers after cryptic crypto tweets
According to the New York Post, the politically charged hacker group posted a video blasting Musk for "constantly trolling" cryptocurrency markets. "For the past several years you have enjoyed one of the most favourable reputations of anyone in the billionaire class because you have tapped into the desire that many of us have to live in a world with electric cars and space exploration," a person with a digitally altered voice said in the video, posted to Twitter on Saturday.
G7 sets minimum tax of 15% for MNCs
In a tweet later, she added that global minimum tax would end the race-to-the-bottom in corporate taxation, and help the global economy thrive, by levelling the playing field for businesses and encouraging countries to compete on positive bases, such as educating and training their work forces and investing in research and development and infrastructure.
Investors of Franklin Templeton's shut schemes to get Rs 3,205 cr
So far, the fund house has distributed Rs 14,572.34 crore among the concermed investors in three tranches. "Rs 3,205.25 crore of cash is available for distribution as of June 4, 2021 and is being paid to investors in the week commencing June 7, 2021, bringing the total amount distributed to Rs 17,777.59 crores," Sanjay Sapre, President, Franklin Templeton Asset Management (India) Pvt. Ltd, said in a letter to the investors.
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