BUSINESS
HDFC Bank reviews SEBI order in BRH Wealth Kreators' matter
A SEBI probe found that the lender had unilaterally invoked securities pledged by BRH to the extent of Rs 158.68 crore and the capital market regulator has thereby directed the bank to deposit an equivalent amount, along with interest from October 14, 2019 till date at the rate of 7 per cent per annum, in a separate interest bearing escrow account, till the issue of settlement of clients' securities is reconciled.
Alibaba's Tmall Global helps global SMEs open online stores
The company will provide tailored registration, consultation, logistics, operation and language services to global brands, allowing them to open online stores in as quick as 30 days. According to Tmall Global, experts on cross-border business will offer one-on-one online guidance in nine languages to merchants from over 20 countries within three working days.
Share Market: Sensex drops 550 points, holds on to 49,000
Heavy selling in banking, finance and metal stocks weighed on the indices. Around 2.40 p.m., Sensex was trading at 49,073.58, lower by 551.18 points or 1.11 per cent from its previous close of 49,624.76. It opened at 49,594.95 and has so far recorded an intra-day high of 49,676.88 and a low of 48,894.64 points.
Intel posts $20B revenue in Q4, beats expectations
Fourth-quarter revenue exceeded prior expectations by $2.6 billion driven by record PC-centric revenue with PC unit volumes up 33 per cent year-over-year led by record notebook sales, Intel said on Thursday.
The company said it also achieved better-than-expected data-centric results, including record Mobileye revenue.
Vaccination drive may help India regain positive GDP growth after COVID-19 slump: RBI
India’s vaccine drive was backed by a sophisticated system designed to be as efficient as possible. Furthermore, the comparative advantage of having the biggest vaccine production facility in the world and rich experience in mass vaccination operations against Polio and measles have surely favoured India in the fight against coronavirus.
Israel, Morocco sign aviation deal
Flights from Israel will be land in all of Morocco's international airport. No limitation has been put on the number of flights and air carriers that could operate the new route. The deal also calls for up to 10 weekly cargo flights.
IBM stock down after weak Q4 growth in Cloud and AI revenue
The Q4 (December 2020 quarter) sales totalled $20.4 billion, down 6 per cent (on-year) and slightly below the $20.63 billion consensus. Cloud and Cognitive Software sales dropped 5 per cent to $6.8 billion, below the $7.18 billion estimates. Last quarter, this segment was up 7 per cent.
Equity indices fall, Sensex down 100 points
Selling pressure was witnessed in banking and finance stocks. Around 10.10 p.m., Sensex was trading at 49,518.63, lower by 106.13 points or 0.21 per cent from its previous close of 49,624.76. It opened at 49,594.95 and has so far touched an intra-day high of 49,663.74 and a low of 49,361.22 points.
Govt formulating new action plan, Chinese telecom giants could be out of game
With an aim to protect India's essential national security interests, a committee headed by the Deputy National Security Advisor (Dy NSA) will soon clear all equipment and gadgets, including 5G mobile networks and supply chains.
Average flat size increases in top cities in 2020: Report
Data released by Anarock Property Consultants shows that average apartment sizes in the top seven cities have risen by 10 per cent on a yearly basis, to 1,150 square feet in 2020 from 1,050 square feet in 2019. The trend in past four years trends indicate that average apartment sizes were reducing y-o-y since 2016.
Don't Miss
Advertisement