BUSINESS
Fuel price rise paused after taking petrol rates to record high level
Accordingly, petrol prices in Delhi remained unchanged at Rs 84.20 a litre while diesel prices maintained its price line of Rs 74.38 a litre in the national capital on Friday. Elsewhere in the country as well fuel prices remained at Thursday's level.
Nifty50 witnessing fastest rally since FY10
The Nifty50 on the National Stock Exchange (NSE) has gained 86 per cent in the current financial year, showed a report by ICICI Securities. On Friday, it hit a fresh all time high of 14,289.30 points. "On a rolling 9-month basis, the NIFTY50 index (+86 per cent) is close to exhibiting the fastest rally since FY10 when it gained 103 per cent in a similar timeframe," it said.
Moet Hennessy India appoints Ipsita Das as Managing Director
Ipsita brings over 14 years of experience in multinational organizations as well as technology start-ups where she has held various roles in commercial, operations and general management.
Signal sees surge in new users after Elon Musk vouches for it
Musk tweeted a meme late on Thursday, criticising Facebook for its inability to stop Capitol chaos going viral. The tweet posted an image of a series of ever-larger dominos, juxtaposed the start of Facebook on the Harvard University campus, all the way into becoming a platform that helped facilitate the attack on Capitol Hill.
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.
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