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Sensex crosses 54K for first time; Nifty soars past 16,200

04 Aug 2021

Sensex crosses 54K for first time; Nifty soars past 16,200

Equity benchmark Sensex rallied over 400 points in early trade on Wednesday and soared past the 54,000 mark, led by gains in index majors Infosys, HDFC, and ICICI Bank amid a positive trend in global markets.

Bill Gates, Melinda French Gates are now officially divorced

03 Aug 2021

Bill Gates, Melinda French Gates are now officially divorced

Bill and Melinda French Gates are now officially divorced after Washington's King County court approved their divorce on Monday. According to the order, the 27-year marriage ended after the two agreed on a "separation contract" that wasn't filed in the divorce proceedings.

A fresh high: Sensex zooms 873 points; Nifty scales 16K

03 Aug 2021

A fresh high: Sensex zooms 873 points; Nifty scales 16K

Equity benchmark Sensex skyrocketed 873 points to a fresh closing peak while the Nifty finished above the 16,000 mark for the first time on Tuesday, driven by gains in index heavyweights HDFC, Infosys and TCS.

Rejecting Tesla's appeal, government says won't slash duties on EVs

03 Aug 2021

Rejecting Tesla's appeal, government says won't slash duties on EVs

Since 2018, American carmaker Tesla has repeatedly expressed interest in entering the Indian market. However, weeks after Tesla appealed to reduce taxes, the Indian government stated that it has no plans to slash import duties for electric vehicles.

#FundingAlert: Unacademy raises $440 million, now valued at $3.4 billion

02 Aug 2021

#FundingAlert: Unacademy raises $440 million, now valued at $3.4 billion

The ed-tech industry in India continues to boom amid the raging pandemic. And, now ed-tech start-up Unacademy has successfully raised $440 million in a new funding round led by Singapore's state-run Temasek Holdings.

#NewsBytesExplainer: What's the e-RUPI system and how does it work?

02 Aug 2021

#NewsBytesExplainer: What's the e-RUPI system and how does it work?

Accelerating the transition to a digital financial ecosystem in the country, Prime Minister Narendra Modi launched the e-RUPI digital payment system today.

KM Birla offers to hand over VIL stake to government

02 Aug 2021

KM Birla offers to hand over VIL stake to government

The Chairman of Aditya Birla Group Kumar Mangalam Birla has offered to hand over his stake in debt-laden Vodafone Idea Ltd. (VIL) to the government or any other entity that the government may consider worthy to keep the company operational.

Sensex jumps over 300 points in early trade

02 Aug 2021

Sensex jumps over 300 points in early trade

Equity benchmark Sensex surged over 300 points in early trade on Monday, tracking gains in index majors HDFC, Reliance Industries, and Infosys amid a positive trend in global equities.

Facebook and Google mandate employee vaccination before returning to offices

31 Jul 2021

Facebook and Google mandate employee vaccination before returning to offices

Employers around the world have taken the onus to vaccinate their employees against the contagious COVID-19 disease. In the US, tech giants such as Google and Facebook also had plans to reopen office spaces.

Sensex rises over 125 points in early trade

30 Jul 2021

Sensex rises over 125 points in early trade

Equity benchmark Sensex surged over 125 points in early trade on Friday, tracking gains in index majors Tech Mahindra, TCS, and HDFC twins.

Leher, IIM Bangalore's SIGMA club collaborate for product management competition

30 Jul 2021

Leher, IIM Bangalore's SIGMA club collaborate for product management competition

We are at a watershed moment in the social media industry where audio-based real-time interaction platforms have caught on and are witnessing a boom.

Alphabet Inc. beats all-time record with $61.9 billion revenue

29 Jul 2021

Alphabet Inc. beats all-time record with $61.9 billion revenue

Google's parent company Alphabet Inc. has logged $61.9 billion in revenue and $27.26 in earnings per share during the second quarter ending June 30, 2021.

Sensex rises over 200 points in early trade

29 Jul 2021

Sensex rises over 200 points in early trade

Equity benchmark Sensex jumped over 200 points in early trade on Thursday, tracking gains in index majors Reliance Industries, Infosys, and HCL Tech amid a largely positive trend in global markets.

Here are all the key points from Microsoft's earnings report

29 Jul 2021

Here are all the key points from Microsoft's earnings report

Microsoft has posted its financial results for the fourth quarter of the fiscal year 2021. The company reported $46.2 billion in revenue, and $16.5 billion as its net income.

Apple posts record earnings in this quarter. Reason is iPhone

28 Jul 2021

Apple posts record earnings in this quarter. Reason is iPhone

On July 27, Apple announced its financial results for the third quarter of FY 2021 that ended on June 26. The company claims that its quarterly revenue of $81.4 billion marks a 36 percent year-on-year increase.

Depositors to get Rs. 5L insurance if bank under moratorium

28 Jul 2021

Depositors to get Rs. 5L insurance if bank under moratorium

The Indian government on Wednesday cleared amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961, thus providing a big relief to the customers of failed or stressed banks.

Sensex drops over 250 points in early trade

28 Jul 2021

Sensex drops over 250 points in early trade

Equity benchmark Sensex dropped over 250 points in early trade on Wednesday, tracking losses in index majors HDFC twins, Reliance Industries and Infosys amid a negative trend in global markets.

Bezos pens open letter to NASA about Artemis lander contract

27 Jul 2021

Bezos pens open letter to NASA about Artemis lander contract

Shortly after journeying to the edge of space, Jeff Bezos has stepped in to resolve his company Blue Origin's dispute with NASA.

#FundingAlert: ShareChat's parent raises $145 million led by Temasek, MSV

27 Jul 2021

#FundingAlert: ShareChat's parent raises $145 million led by Temasek, MSV

The parent company behind ShareChat and short video app Moj, Mohalla Tech has successfully raised $145 million as an extension of its Series F funding round.

Sensex rises over 150 points in early trade

27 Jul 2021

Sensex rises over 150 points in early trade

Equity benchmark Sensex surged over 150 points in early trade on Tuesday, tracking gains in index majors HDFC Bank, ICICI Bank, and Tata Steel amid a positive trend in global markets.

Spike in rural unemployment; urban unemployment rises marginally: CMIE

26 Jul 2021

Spike in rural unemployment; urban unemployment rises marginally: CMIE

Rural India is witnessing a spike in the weekly unemployment rate, according to data from the Centre for Monitoring Indian Economy (CMIE).

No plans to print currency notes: Sitharaman on economic crisis

26 Jul 2021

No plans to print currency notes: Sitharaman on economic crisis

The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of the COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday.

AGR dues: SC rejects telcos' plea seeking corrections in dues

23 Jul 2021

AGR dues: SC rejects telcos' plea seeking corrections in dues

In a major blow to major Indian telecom players, the Supreme Court on Friday rejected the applications by Bharti Airtel, Vodafone Idea, and Tata Teleservices, seeking corrections in the calculation of the adjusted gross revenue (AGR) owed to the Centre.

Zomato makes stellar stock market debut; lists at 53% premium

23 Jul 2021

Zomato makes stellar stock market debut; lists at 53% premium

Shares of food delivery giant Zomato Friday made a stellar debut on stock markets as the company created history by becoming the first Indian unicorn to go public.

Sensex jumps over 400 points in early trade

22 Jul 2021

Sensex jumps over 400 points in early trade

Equity benchmark Sensex rallied over 400 points in early trade on Thursday, tracking gains in index majors HDFC Bank, Infosys, and ICICI Bank amid a positive trend in global markets.

Lamborghini aims at triple digit sales in India

21 Jul 2021

Lamborghini aims at triple digit sales in India

Super luxury car manufacturer Lamborghini aims at triple-digit sales in India and plans to launch models concurrently in the country along with other nations, a company official said on Wednesday.

#FundingAlert: Lenskart raises $220 million from Temasek, Falcon Edge Capital

19 Jul 2021

#FundingAlert: Lenskart raises $220 million from Temasek, Falcon Edge Capital

Bengaluru-based eyewear retail start-up Lenskart is now valued at $2.5 billion, following a fresh $220 million investment led by Temasek and Falcon Edge Capital.

Sensex tanks over 500 points in early trade

19 Jul 2021

Sensex tanks over 500 points in early trade

Equity benchmark Sensex plunged over 500 points in early trade on Monday, tracking heavy losses in HDFC twins, ICICI Bank and Kotak Bank amid weak cues from global markets.

How to get free JioFiber for a year with referrals

18 Jul 2021

How to get free JioFiber for a year with referrals

Mukesh Ambani-led telecom giant Reliance Jio is aggressively popularizing its broadband service called JioFiber just like it popularized 4G cellular connections when it launched.

Sensex jumps 255 points to end at a fresh record

15 Jul 2021

Sensex jumps 255 points to end at a fresh record

Equity benchmark Sensex surged 255 points to close at an all-time high on Thursday, tracking gains in index majors HDFC Bank, L&T, and HCL Tech.

Government withdraws letter to Apple for compliance with IT Rules

15 Jul 2021

Government withdraws letter to Apple for compliance with IT Rules

The Centre has reportedly withdrawn a letter asking Apple to comply with new IT Rules, specifically about the company's messaging service.

Fuel prices hiked again, petrol costs Rs. 101.54/liter in Delhi

15 Jul 2021

Fuel prices hiked again, petrol costs Rs. 101.54/liter in Delhi

Petrol price on Thursday was hiked by 35 paise per liter and diesel by 15 paise, pushing rates to a new high across the country.

RBI bars Mastercard from issuing new cards from July 22

15 Jul 2021

RBI bars Mastercard from issuing new cards from July 22

In a major supervisory action, the Reserve Bank of India on Wednesday indefinitely barred the US-based Mastercard from issuing new credit, debit, and prepaid cards from July 22 for its failure to comply with data storage norms.

Dearness Allowance for government employees hiked from July 1

14 Jul 2021

Dearness Allowance for government employees hiked from July 1

The Union Cabinet on Wednesday approved a hike in the Dearness Allowance (DA) and Dearness Relief (DR) for employees of the central government and pensioners.

'We all quit': Burger King staff post on store sign

14 Jul 2021

'We all quit': Burger King staff post on store sign

"We all quit," reads an atypical signboard outside a Burger King outlet in Lincoln, Nebraska in the United States.

Sensex drops over 100 points in early trade

14 Jul 2021

Sensex drops over 100 points in early trade

Equity benchmark Sensex dropped over 100 points in early trade on Wednesday, tracking losses in index majors ICICI Bank, HDFC twins, and Reliance Industries amid a negative trend in global markets.

Zomato's IPO opens for subscription: Should you invest?

14 Jul 2021

Zomato's IPO opens for subscription: Should you invest?

Indian restaurant aggregator and food delivery service Zomato is set to launch its Rs. 9,375 crore initial public offering (IPO) today (July 14). Shares from the company's IPO are expected to be in the price range of Rs. 72 to Rs. 76 each.

Elon Musk purchases ticket for Virgin Galactic flight to space

13 Jul 2021

Elon Musk purchases ticket for Virgin Galactic flight to space

Did you think that SpaceX CEO Elon Musk and Virgin Galactic founder Richard Branson are at odds with each other just because they run rival space exploration companies?

#FundingAlert: Flipkart raises $3.6 billion in fresh funding

12 Jul 2021

#FundingAlert: Flipkart raises $3.6 billion in fresh funding

Walmart-owned e-commerce giant Flipkart has successfully raised $3.6 billion in fresh funding from global investors, sovereign funds, and private equity firms, as well as by Walmart itself.

Mother Dairy raises milk prices from tomorrow. Check rates here

10 Jul 2021

Mother Dairy raises milk prices from tomorrow. Check rates here

Mother Dairy has decided to hike prices of milk in Delhi-NCR and other cities by Rs. 2 per liter starting tomorrow, July 11.