BUSINESS
Nifty hits new high, Sensex up over 300 points
Around 10 a.m., it was trading at 14,243.80, higher by 106.45 points or 0.75 per cent from its previous close of 14,137.35 points. The BSE Sensex was trading at 48,421.16, higher by 327.84 points or 0.68 per cent from its previous close of 48,093.32.
Flipkart to set up first training centre for e-commerce logistics
Introduced to augment skill development for the logistic industry, Flipkart's CoE will be open to aspirants who want to work in the logistics industry. The centre aims to bring the spotlight on the importance of skill development for the sector and complement its growth in the coming years.
Honda's Activa crosses 2.5 cr customer mark
According to the company, 20 years ago when the scooter market in India was fast declining, Honda made its solo entry with its first two wheeler - the 102cc Activa in 2001. "Powered by true technology leadership and evolution ahead of times, it took the Activa brand 15 years to achieve the initial 1 crore customers in 2015," the company said in a statement.
Indian tech startup base saw nearly 10% growth in 2020: Nasscom
Nearly 14 per cent of total investments in 2020 were in deep-tech start-ups, up from 11 per cent in 2019. Further, 87 per cent of all deep-tech investments were in AI/ML start-ups, according to the annual report by Nasscom in partnership with a global management and strategy consulting firm Zinnov. "With the continued addition of new start-ups, booming unicorns and increased adoption of deep-tech, the ecosystem shows an even more promising future," said Debjani Ghosh, President, Nasscom.
Oaktree says persistent campaign to discredit its resolution plan for DHFL
In a letter to the CoC, the India Opportunities Fund, Singapore, which has put in the bid noted that this campaign is introducing bias into the decision making process. Oaktree said the CoC is not considering Rs 2,700 crore provided under its resolution plan. It added that Oaktree is offering a much higher fair market value by more than Rs 4,503 crore compared to the second highest bidder.
Elon Musk surpasses Bezos, is richest person on the planet
A 4.8 per cent rally in Tesla's share price on Thursday took Musk past Bezos, with a net worth of $188.5 billion, 1.5 billion more than Bezos, who has held the top spot since October 2017. Musk's net worth increased by more than $150 billion this year and Tesla's share price surged a massive 743 per cent last year.
Covid Struck: India's FY21 GDP expected to contract by 7.7%
"Real GDP or GDP at Constant Prices (2011-12) in the year 2020-21 is likely to attain a level of Rs 134.40 lakh crore, as against the provisional estimate of GDP for the year 2019-20 of Rs 145.66 lakh crore, released on May 31, 2020," the First Advance Estimates of National Income for financial year 2020-21 said.
Rising joblessness: India's employment scenario worsens in December
The unemployment rate in the country increased sharply to 9.1 per cent in December from 6.5 per cent in November, as per the data. The numbers indicate that the stress in the economy is far from over and the road to normalcy would be longer.
SBI raises $600mn via 'Regulation S' bonds
Accordingly, the bank, acting through its London Branch, raised the sum for bonds benchmarked against the 5 year US Treasury and priced at a spread of 140 bps over the benchmark. "The bonds will be listed on SGX-ST and India INX. The issuance represented SBI's return to the international public bond markets after a gap of close to 2 years," the statement said.
IL&FS Solar Power clears debt worth Rs 845 crore
ISPL had undertaken construction and financing of a 100 MW AC solar power project in Bellary district, Karnataka, for Embassy Energy Private Limited (EEPL) that was commissioned in February 2018. ISPL had raised secured and unsecured loans for this power project. EEPL, as the owner of the project, was servicing ISPL through an EMI structure under the terms of Deferred Payment Agreement (DPA).
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