BUSINESS
Burger King's dream run continues, hits 20% upper circuit
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.
IT company Majesco declares record dividend of 19,480%
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.
Covid accelerated digital trend: Nilekani
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.
S&P revises India's FY21 GDP contraction forecast to 7.7% from 9% earlier
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.
Trade activity worth Rs 5k cr affected in Delhi: CAIT
According to CAIT, Delhi is neither an agricultural state nor an industrial one but is the largest commercial distribution centre of the country. CAIT cited an estimate, that about 30 to 40 per cent of the goods coming to Delhi have been affected by the movement of farmers, which is adversely affecting the trade and other activities of the state.
Government mulling to set up Market Intelligence Cell for micros, small and medium enterprises
The Parliamentary Standing Committee on Industry, under the chairmanship of Rajya Sabha MP K. Keshava Rao, on Tuesday presented the 300th Report on Action Taken by Government on the Recommendations and observations of the Committee contained in its 297th Report on Demands for Grants (2020-21) pertaining to MSMEs to the Rajya Sabha.
Saathi: Amazon India launches peer mentorship programme for sellers
Any seller who is interested in volunteering to mentor other sellers on Amazon can apply on the Amazon Saathi website. The selected sellers can share their experience as a successful digital entrepreneur with other sellers. But these Saathi sellers who volunteer to mentor their peers will not receive any financial incentive, Amazon India said.
Samsung to release 4 folding smartphones in 2021: Report
Samsung is also planning to include S Pen support for the higher-end Z Fold 3, which many fans have been hoping for since the first Galaxy Fold. Earlier, the company filed a patent for three foldable smartphone designs with cutouts for inner cameras.
SUN Mobility rides on Microsoft Azure to help build future electric vehicles
The batteries as well as the swap stations are connected to the Cloud using Microsoft Azure and numerous built-in solutions like Azure IoT Hub, Azure Data Factory, CosmosDB, Azure Databricks, among others, that transmit battery performance telemetrics back to SUN Mobility.
Wistron estimates $7.11 million loss from its riot-hit India plant
Noting that the company was assessing the damage in the facility, the filing said its India subsidiary was co-working with the government authorities and police officials on the investigation into the incident on December 12 in the Narasapura industrial area at Kolar, 55km east of this tech hub in southern Karnataka.
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