BUSINESS

Vodafone Idea hits new 52-week high on speculation of equity infusion by new investor
IANS -
Vodafone Idea was up 7.61 per cent at Rs 11.73 at close of trade on BSE. Heavy volumes of the shares were trade with a combined volume of 703 million shares on BSE and NSE.
Databricks raises $500 mn, takes its valuation to $43 bn
IANS -
The series is led by T Rowe Price Associates and existing investors, including Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, funds, and Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, Franklin Templeton, GIC, among others.
NTPC top performer in Nifty’s rally from 19k to 20k
IANS -
After a volatile and long journey from 18k to 19k, the Nifty-50 added the next 1,000 points (19k to 20k) relatively faster — only 52 trading days (from Jul’23-Sep’23) vs. 425 trading sessions (from Oct’21-Jun’23) during its journey from 18k to 19k, as per a report by Motilal Oswal Financial Services.
Infosys only Indian firm in TIME’s top 100 World's Best Companies of 2023
IANS -
“Infosys has been featured in TIME World’s Best Companies 2023 list. We are among the top 3 global professional services firms and the only brand from India in the Top 100 global rankings,” the company said in a post on X (formerly Twitter).
Oil prices on track for 3rd consecutive week of gains
IANS -
Brent crude was trading above $94 per barrel at the time of writing while West Texas Intermediate flirted with the $91 per barrel mark, Oil Price reported.
Hawkish stance of US Fed likely to keep gold prices muted
IANS -
Gold is currently trading at $1,960, and has been fluctuating in the range of $1,880-$1,960 during the last one month
Bluechips providing resilience to market rally
IANS -
Even though the undercurrent of the market is bullish the high valuations and new risks like surging crude and rising dollar index can impact the market negatively, he said.
16 large-cap stocks hit 52-week high; Maruti, Ultratech Cement at all-time high
IANS -
Maruti Suzuki hit an all-time high of Rs 10,575 on Thursday on the BSE, while Ultratech Cement hit an all-time high of Rs 8,703.
Interim relief by SAT for embattled Rana Kapoor
IANS -
The interim relief came after the SEBI in July issued a demand notice to Kapoor, cautioning arrest and attachment of his assets over non-payment of the fine of Rs 2 crore, along with the interest.
India to see Rs 90K cr worth e-commerce sales in festive month this year
IANS -
Marking the 10th year of e-commerce festive season sales, the industry is expected to clock the GMV of Rs 5,25,000 crore for the entire year, according to the report by market research firm Redseer Strategy Consultants.
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