BUSINESS

Founded in 2001, Expertus offers payment-as-a-service cloud solutions to banks, credit unions and enterprise players. Over $50 billion is processed through the Expertus platform daily. The financial terms were not disclosed.

"Our revised GDP estimates are based on SBI 'Nowcasting Model' with 41 high frequency indicators associated with industry activity, service activity, and global economy," the report said. "We have used the dynamic factor model to estimate the common or representative or latent factor of all the 41 high frequency indicators from Q4 of 2012 to Q4 of 2020 (till November actual data is used while trend is used for December)."

Taxes and duties now account for 62.5 per cent of the retail price of petrol and 57.77 per cent of the retail price of diesel in the capital at current level of pump prices. The taxes component has fallen over the fortnight as global price of petrol and diesel has also risen in past few days. Otherwise taxes were well over 70 per cent of the retail price of petrol till the start of the month.

The NSE Nifty50 opened with a "gap up" and reached all time high at 13666.45, following the strong market sentiments globally. In terms of sectors, Realty, Metal and Auto indices were major gainers. At 1.50 p.m., Sensex was trading at 46,623.03, higher by 359.86 points or 0.78 per cent from the previous close.

Healthy buying was witnessed in realty, metal and auto stocks. Around 10.16 a.m., Sensex was trading at 46,503.27, higher by 240.10 points or 0.52 per cent from the previous close of 46,263.17. It opened at 46,573.31 and has so far touched an intraday high of 46,599.02 and a low of 46,479.10 points.

As the Supreme Court has started final hearings in the dispute between Tata Group’s holding company and Shapoorji Pallonji Groups’ Cyrus Mistry, the longest and the most dramatic corporate battle seems to be nearing its end.  On that note, let's rewind and take a look back at a friendship bond between two Parsi families shockingly turned into life-long rivalry.

On Wednesday, its shares on the BSE reached Rs 199.25, rising Rs 33.20 or 19.99 per cent from its previous close. The company's stock got listed on Indian bourses on Monday and on the debut day itself it opened at a premium of over 87 per cent over the IPO price at Rs 112.50.

This interim dividend payout translates to an amount of Rs 2,788.4 crore on a shareholder base of 28.577 million shares. The balance cash reserves estimated at Rs 103 crore will be distributed subject to board and regulatory approvals.

Speaking at a virtual media event, Nilekani said that the digitization trend has accelerated as children are now using online learning and health services have gone online among others. He said the Covid situation compressed the digital trend from years to weeks. Nilekani said the trend of consumerisation of technology which started in 2007 saw the smartphone become the vehicle of change.

The US-based rating agency said its revision in growth forecast reflects a faster-than-expected recovery in the quarter through September. For the next fiscal, it projected India's growth to rebound to 10 percent.