BUSINESS
Cognizant acquires Inawisdom to modernise data with artificial intelligence, machine learning
This marks Cognizant's ninth acquisition in 2020. The company has invested more than $1.1 billion this year alone for acquisitions in areas like data and artificial intelligence, digital engineering, Cloud and Internet of Things (IoT).
Securities and Appellate Tribunal notices to SEBI in 63 moons appeal against STP Gate order
The SAT has kept the matter for final hearing and disposal on January 29, 2021, a statement by 63 moons technologies said on Monday. It may be noted that the SEBI passed an order, rejecting the approval for providing STP Gate Services to 63 moons on the basis of ‘Fit & Proper' order that was passed by the Forward Market Commission (FMC) seven years ago.
GST Compensation Shortfall: 8th tranche of Rs 6,000 crore released to states
Out of this, an amount of Rs 5,516.60 crore has been released to 23 States and an amount of Rs 483.40 crore has been released to the three Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members of the GST Council.
Sharp fall in market, Sensex plunges over 1,500 points
Across-the-board sell-off took place during the afternoon trade session, led by banking, finance and oil and gas stocks. Fresh Covid-related restrictions in several European countries and likely fallout in Brexit negotiations weakened the investor sentiments. Around 3 p.m. Sensex was trading at 45,404.63, lower by 1,556.06 points or 3.31 per cent from its previous close of 46,960.69.
SEBI has to approve scheme by FRL, Amazon objections not valid
Amazon's objections is no longer relevant for approval of Scheme by SEBI is the takeaway from the Delhi High Court order today. FRL Board Resolution approving Scheme and sale of business to Reliance is Valid and in accordance with statutory provisions -- not void as claimed by Amazon.
Equities flat amid volatility; auto, banking stocks plunge
Heavy selling was witnessed in auto, banking and oil and gas stocks. The indices traded on a subdued note on the back of a negative trend in the Asian markets. Around 12.05 p.m., Sensex was trading at 46,960.94, higher by just 0.25 points from its previous close of 46,960.69. It opened at 46,932.18 and has touched an intra-day high of 47,055.69 and a low of 46,693.95 points.
Reliance-BP new gas from KG-D6 to get capped at $4.06 by government
Even after having pricing freedom, sellers can't sell gas at a rate higher than the cap that the government notifies every six months. And the cap for six months to March, 2021 is USD 4.06 per mmBtu down from USD 5.61 in the previous six months, automatically making this the only amount Reliance-BP can charge for the remainder of the current fiscal year.
Apple to hold off new orders to Wistron after Indian workers riot
Due to lapses in labour practices, several Wistron workers led to riots at a plant in Narasapura near Bengaluru. Wistron failed to implement a proper working hour management process which led to delays in payments to workers, causing them to put up a protest in October and November, Apple said in a statement on Saturday.
iPhone 12 production on track in India, Mini may be delayed: Report
Apple’s decision to put Wistron Corp on probation over labour practice lapses will not derail the Cupertino-based company’s plans of manufacturing its latest flagship model, iPhone 12.
Israeli assets abroad hit record high $558 bn in Q3: Report
In the third quarter, the asset balance increased by almost $35 billion, or 6.65 per cent, from the end of the second quarter of this year, Xinhua news agency quoted the report as saying. The bank explained that the increase was derived mostly from a rise in reserve assets and from purchases of shares that increased the balance of investment in the foreign securities portfolio.
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