BUSINESS
Ministry of Defence, Bharat Electronics Limited ink deal on software-defined radios worth Rs 1,000 crore
The SDR is jointly designed and developed by the Defence Electronics Applications Laboratory (DEAL) of the Defence Research and Development Organisation (DRDO) through a consortium of domestic agencies and industry. It will bring strategic depth to the armed forces. The delivery will take place within three years.
Xerox acquires augmented reality firm CareAR to expand software portfolio
According to Xerox, with CareAR software, remote agents and experts can virtually see the situation and visually guide a solution using a suite of augmented reality tools via desktop, mobile, and smart glass devices, as if they were in-person.
Despite surge, India face no change in crude prices from Saudi Arabia
Sources said that Saudis have finally acknowledged the concerns in the Asian market that hosts four of the top five consumers including China, India, Japan and Korea. What this means is that even though crude prices may rise higher from the present levels of $60 a barrel, India along with other Asian consumers would continue to get discounts over the prevailing price.
TikTok takes on Facebook with US e-commerce push: Report
The company has briefed advertisers on a number of new features for 2021, according to several people who have seen its plans, such as a tool that lets its most popular users share links to products and automatically earn commission on any sales.
Duty cut could bring down domestic steel prices by 10%: ICRA
In its report on implications of duty changes on the steel industry, the agency, however, said that domestic steel demand may remain favourable in the coming months on the back of several positive announcements made in the Budget and this in turn is likely to keep domestic steel prices buoyant unless the international prices correct significantly from the current levels.
Short video app Josh's parent VerSe Innovation raises Rs 728 cr
The round was led by global investors Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar and Glade Brook Capital Partners. Canaan Valley Capital and existing investor Sofina Group also participated in this round, VerSe Innovation said, adding that the new investment shows confidence of investors in the potential of Josh.
Petrol, diesel price rise checked for 3rd consecutive day
Before the pause, petrol and diesel prices had risen sharply on Thursday and Friday, taking up the pump price of the auto fuels by 65 paise per litre. The pause came on a day when global crude prices rose by over 1.3 per cent to reach this year's high level of over $60 a barrel.
HCL Tech announces Rs 700 cr one-time bonus for employees
"Achieving this historic milestone in technology, business and engineering services and software, just 20 years since HCL Technologies' IPO, is a testament to the passionate efforts and consistent achievements of its employees, many long term, deep relationships with leading companies across all industries and a leading network of partners and stakeholders," said a company statement.
Iraq resumes transporting oil derivatives by train
On Sunday, the government-owned corporation also announced the rehabilitation of 100 of its rail tank cars by the company's workers, who also rebuilt many of the company's damaged buildings and equipment, Xinhua news agency quoted the local al-Sabah newspaper as saying in a report.
Equity indices scale new highs, Sensex up 640 points
The Sensex has touched an all-time high of 51,409.36 and the Nifty50 on the National Stock Exchange has hit a record high of 15,119.25 points. The across-the-board rise was led by banking, finance and auto stocks. Around 10.13 a.m., Sensex was trading at 51,371.80, higher by 640.17 points or 1.26 per cent from its previous close of 50,731.63.
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