BUSINESS
SEBI proposes easing of norms to set up more bourses
In a statement, SEBI noted that the Indian securities market has witnessed dominance in trading and depository space, raising concerns on possibility of excessive concentration and institutional tardiness in quickly responding to the changing market dynamics which may have an adverse bearing on efficiency in trading, record-keeping, supervision and risk management practices
Hindustan Media Ventures invests Rs 54 cr in OYO
With this investment, Hindustan Media Ventures subscribed to 125 Series F1 Compulsory Convertible Cumulative Preference Shares (Series F1 CCCPS) of OYO, with a face value of Rs 100 each for cash, at an issue price of Rs 43.20 lakh per Series F1 CCCPS for an aggregate consideration equivalent to Rs 54 crore on a private placement basis.
Rs 1,100 cr push for rubber plantation in northeast India
Union Commerce and Industry Minister Piyush Goyal, while participating in a virtual seminar, thanked ATMA for agreeing to invest Rs 1,100 crore for developing a plantation in 2,00,000 hectares of land within a span of five years in the northeastern states.
Kia unveils new company logo, brand slogan
Last year, Kia announced its mid- and long-term business strategy named Plan S which put a bigger focus on securing a leading position in the future mobility industry. The company's name will change to Kia Corp. from the current Kia Motors Corp., with its brand slogan to "Movement that inspires" from "The Power to Surprise," Kia said in a statement.
Profit booking, global cues subdue market, FMCG stocks fall
The S&P BSE Sensex had opened at an all-time high of 48,616.66, and the Nifty50 on the National Stock Exchange touched a new record of 14,244.15 points. Some losses were witnessed in the FMCG, IT and Pharma indices, while Metal, Media, Realty and Banking spaces traded in the green. Around 2.30 p.m., Sensex traded at 48,074.11, lower by 363.67 or 0.75 per cent from its previous close.The Nifty50 was trading at 14,110.10, lower by 89.40 points or 0.63 per cent from its previous close.
Jack Ma not missing, 'laying low' for time being: Report
The report comes amidst intense speculation over the whereabouts of the Chinese billionaire who has not been spotted for at least two months amid the conflict with the Chinese regulators.
Nearly 95,000 homes sold across 8 cities in Jul-Dec 2020'
It noted that as the country moved towards normalcy, residential sales reached almost 54 per cent of the 2019 quarterly average with 33,403 units during Q3 2020 and recovered to almost 100 per cent of pre-Covid levels at 61,593 units in Q4 2020.
Nearly 95,000 homes sold across 8 cities in Jul-Dec 2020'
It noted that as the country moved towards normalcy, residential sales reached almost 54 per cent of the 2019 quarterly average with 33,403 units during Q3 2020 and recovered to almost 100 per cent of pre-Covid levels at 61,593 units in Q4 2020.
Early inclusion of natural gas into GST fold likely
Sources privy to the development said that based on Petroleum Ministry's suggestion, the Centre may take up with GST Council the issue of bringing natural gas under the Goods and Services Tax (GST) regime to begin with before entire oil and gas sector is brought under it.
China's bottled water king leaves Warren Buffett behind in terms of wealth
The chairman of Nongfu Spring Co, a bottled-water company, Shanshan is now the sixth wealthiest person on the planet with a net worth of $13.5 billion. His fortune surged $91.7 billion since the start of the year.
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