BUSINESS
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.
Adani Group acquires 23.5% stake in Mumbai International Airport
In a regulatory filing, Adani Enterprises said that AAHL has acquired 28.20 crore equity shares of MIAL. AAHL is also a wholly-owned subsidiary of Adani Enterprises. "Adani Airport Holdings Ltd has acquired 23.5 per cent equity stake i.e. 28,20,00,000 equity shares of Rs 10 of Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division (Mauritius) Ltd," the filing said.
Business confidence improves in India: NCAER survey
The NCAER Business Confidence Index (BCI) rose 29.6 per cent on a q-o-q basis during the third quarter of FY 2020-21. "The BCI rose further by 29.6 per cent on a q-o-q basis, rising from 65.5 in 2020-21:Q2 to 84.8 in 2020-21:Q3," and NCAER statement said. However, business sentiments remained worse than they were during the corresponding period in the previous year, it added.
Global sales of 4G, 5G-enabled PCs hit record 10M units in 2020
The global sales of cellular-enabled mobile PCs hit a new record as homeworkers sought improved connectivity in response to the closure of office facilities during the Covid-19 pandemic, according to the latest analysis from Strategy Analytics. The global shipments increased by 70 per cent to 10.1 million, the highest ever annual total.
AWS again leads global Cloud infrastructure market in Q4 2020
Total global expenditure was over $3 billion higher than the last quarter and nearly $10 billion more than Q4 2019, according to data provided by global research firm Canalys. Microsoft's Azure growth rate accelerated once again, up by 50 per cent to boost its market share in the global cloud services market to 20 per cent at the second spot.
Why surging Ether cryptocurrency is next best bet after Bitcoin
According to industry players, Bitcoin which is hovering around $40,000 is beyond the reach for most investors while Ether that has touched an all-time high is still within reach. "Now that Bitcoin has hit a record high and is consolidating, investors are adding Ether. Together the two cryptocurrencies constitute nearly 80 per cent of the total crypto market cap," Pagidipati said.
30 Chinese mobile games raked in $9.24B in 2020, PUBG leads
The top 30 profitable Chinese mobile games raked in $9.24 billion from the App Store and Google Play last year, up 47 percent year on year from $6.3 billion in 2019, the firm said. A total of 37 Chinese mobile games became earners of more than $100 million in overseas markets, 12 more than in 2019.
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