Sensex, Nifty settle at record closing highs
Decline in the daily cases of Covid-19 and strengthening of the Indian rupee supported the market sentiments. Sensex closed 52,232.43, higher by 382.95 points or 0.74 per cent from its previous close of 51,849.48. It had opened at 52,121.58 and touched an intra-day high of 52,273.23 and a low of 51,942.20 points.
True wireless sales up by 44% in Q1, Apple leads
According to research firm Counterpoint Research's latest Global Hearables (TWS) Market Report, Apple dominated the over-$100 segment with 57 per cent share, followed by Samsung at 17 per cent. "In highly competitive markets like Asia and Europe, Samsung achieved a double-digit share with good performance of all the models," Liz Lee, Senior Analyst, Counterpoint Research, said in a statement.
HDFC Bank commits to becoming carbon neutral by 2031-32
The Bank will continue to incorporate and scale up the use of renewable energy in its operations. As part of its ESG (Environmental, Social and Governance) strategy, the Bank will also focus on offering loans for green products like electric vehicles at lower interest rates and incorporating ESG scores in its credit decisions. The Bank is also working on a framework for issuing green bonds.
Musk attributes Tesla price hikes to 'supply chain pressure'
"Prices increasing due to major supply chain price pressure industry-wide," the CEO tweeted in response to a complaint about the changes. "Raw materials especially," Musk added. The CEO followed up to say that "microcontroller chips" are a particular challenge right now, The Verge reported.
App Store helped developers log $643B in commerce in 2020: Apple
The number of small developers worldwide has grown by 40 per cent since 2015 -- and they make up more than 90 percent of App Store developers. An independent study by economists from the Analysis Group defines small developers as those with fewer than 1 million downloads and less than $1 million in earnings across all their apps in a given year.
Nifty record run continues, Sensex cross 52K
Manish Hathiramani, technical analyst with Deen Dayal Investments said: "The Index has opened in fine form this morning. We should be targeting the level range of 15,900-16,000. The overall trend is positive and hence any intra-day correction should be positively utilised to enter into long positions."
Fintech lending startup KreditBee raises Rs 60 cr from India SME
The Bengaluru-headquartered KreditBee in February concluded its Series C equity round worth $75 million (about Rs 545 crore) from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment. KreditBee is focused on providing financial inclusion in India via digital lending solutions in the form of personal loans.
US suspends tariffs on 6 nations for digital service tax negotiations
US Trade Representative (USTR) Katherine Tai said in a statement on Wednesday that the final determination in the one-year Section 301 investigations of DSTs adopted by the six countries is to impose additional tariffs on certain goods from these countries, reports Xinhua news agency.
RIL's strong balance sheet, high liquidity to boost Jio, Retail, O2C: Mukesh Ambani
His statement in RIL's annual report for FY20-21 noted that strong operating cash flow and the largest ever capital raise have further strengthened its balance sheet, enabling the company to deleverage and meet its net-debt zero commitment ahead of stated timeline. "We now have a strong balance-sheet with high liquidity that will support growth plans for our three hyper-growth engines - Jio, Retail and O2C," Ambani said.
ICICI Bank offers instant facility for cross-border inward remittances
The beneficiary gets the credit to the bank account instantly. This makes ICICI Bank the first bank in Asia-Pacific and second globally to offer the facility, called 'SWIFT gpi Instant', for cross-border inward payments. This service that offers instant credit works by connecting 'SWIFT gpi', the high-speed cross border rails with a real-time domestic payments infrastructure.