BUSINESS
Share Market: Sensex jumps 800 points; RIL, HDFC shares surge
The across the board rise was led by healthy buying activity in auto, finance, capital goods and oil and gas stocks. Surge in the index-heavyweights Reliance Industries (RIL) and HDFC led the rise on Sensex, which closed at 49,398.29, higher by 834.02 points, or 1.72 per cent, from its previous close of 48,564.27. It touched an intra-day high of 49,499.86 points.
Dunzo raises Rs 293 crores in Series E from Google, Lightbox
Bengaluru-based Dunzo said that with a gross merchandise value (GMV) growth of 2X over the past year, the platform is now about $100 million annualised GMV business. Over the past six months, the platform has supported over 300 neighbourhoods across eight cities, and has delivered essential goods to users within 29 minutes.
2nd edition of India Innovation Index to be launched on Wednesday
The release of the second edition of the index demonstrates the government's continued commitment towards transforming the country into an innovation-driven economy. The index also seeks to empower the states and UTs to improve their innovation polices by highlighting their strengths and weaknesses. The ranking methodology is designed in a way that states can draw lessons from the national leaders in innovation.
Asia Pacific Big Data Analytics solutions revenue grows 12%: IDC
This is mainly due to decision-makers increasing confidence that investments in data and analytics will be necessary for achieving digital and business resiliency amid the pandemic, according to the IDC Worldwide Big Data and Analytics Spending Guide forecasts.
ISRO to board merchandise market with its assets
According to ISRO, specific samples of identifiers shall be catalogued and made available on its website. Parties/agencies interested in creating ISRO-themed merchandise items can make use of these resources after registration.
IMF chief sees 'high degree of uncertainty' in global outlook
Georgieva said the IMF had rapidly increased concessional financing to emerging market and developing economies, including through donations by member countries of some $20 billion in existing SDRs. That would continue to play an important role, but further steps were needed.
Adani Enterprises signs concession agreement with AAI for 3 airports
In a regulatory filing, the company said that the concession period is 50 years from the commercial operation date. The announcement has boosted the shares of the company on Tuesday. At 1.53 p.m., is shares on the BSE were Rs 525.20, higher by Rs 17.95 or 3.54 per cent from its previous close.
Sensex zooms 700 points, RIL up 2%
The across-the-board rise was led by healthy buying activity in auto, finance, capital goods and oil and gas stocks The surge in the index-heavyweights Reliance Industries (RIL) and HDFC led the rise on Sensex. Around 1.25 p.m., Sensex was trading at 49,298.44, higher by 734.17 points or 1.51 per cent from its previous close of 48,564.27.
Tesla's entry in India doesn't worry Mercedes-Benz
Martin Schwenk, who leads Mercedes in India, said his company’s business in India remains on a strong footing and faces no apparent threat from the Elon Musk-run auto giant which has been gaining in scale and market capitalisation over the past few years.
India's economic activity rebounded solidly in Dec 2020, tentatively returning to pre-Covid levels: Icra
12 of the 15 high-frequency indicators tracked by the agency recorded an improved year-on-year performance in December 2020, relative to November 2020, including electricity generation, the output of passenger vehicles (PVs), motorcycles, vehicle registrations, and fuel consumption.
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