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Edtech start-up Skill-Lync raises USD 17.5 million in series A financing

Engineering focused edtech start-up Skill-Lync has raisedUSD 17.5 million in Series A round, led by Iron Pillar,a venture growth investor backing globaltechcompaniesbuilt from India. Existing investorsY Combinator and Better Capital also participated in thisfunding round, it said in a statement. In addition,Binny Bansal (Co-founder of Flipkart),Sai Krishnamurthy (ex-Flipkart;Co-founder of Xto10X)and Rashmi Kwatra (Founder of Sixteenth Street Capital) joined as new investors. Skill-Lync said it provides”job leading industry- relevant”coursesin themechanical, electrical,civiland computer science engineering domains forstudents in India and other parts of the world. “Interdisciplinary and job-orientedcoursesin topicssuch as Electric Vehicle…

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Sensex jumps nearly 245 pts in early trade; Nifty tops 15,900

Equity benchmark Sensex jumped nearly 245 points in early trade on Tuesday, tracking gains in index majors HDFC, TCS and Infosys and supported by positive macroeconomic indicators. The 30-share index was trading 244.77 points or 0.46 per cent higher at 53,195.40 in initial deals, while the broader NSE Nifty advanced 56.85 points or 0.36 per cent to 15,942. Asian Paints was the top gainer in the Sensex pack, rising around 3 per cent, followed by Titan, PowerGrid, HDFC, M&M and Tech Mahindra. On the other hand, HCL Tech, Bajaj Auto,…

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Sensex jumps over 300 pts in early trade; Nifty tops 15,850

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. The 30-share index was trading 333.69 points or 0.63 per cent higher at 52,920.53 in initial deals, while the broader NSE Nifty advanced 101.65 points or 0.64 per cent to 15,864.70. Titan was the top gainer in the Sensex pack, rising around 2 per cent, followed by Axis Bank, Bharti Airtel, HDFC, Maruti, Bajaj Finserv, Infosys and Reliance Industries. On the…

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Macro data, RBI policy to drive markets this week, say analysts

Domestic equity markets would be driven by macroeconomic data, quarterly earnings, and RBI interest rate decision this week, analysts said. Global trends and the pace of vaccination would also guide the local equities, they added. “In the week ahead, the key event in the domestic market will be the announcement of RBI’s monetary policy decision. To give a view on economic recovery, the market awaits the release of manufacturing and service PMI data,” said Vinod Nair, Head of Research at Geojit Financial Services. Among major earnings announcements, HDFC, PNB, Adani…

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Google removes 71,132 content pieces in May, 83,613 items in Jun in India: Compliance reports

 Google removed 71,132 pieces of content in May and took 83,613 removal actions in June following user complaints, the company said in its monthly transparency reports released on Friday. In addition to reports from users, Google also removed 6,34,357 pieces of content in May and 5,26,866 in June as a result of automated detection. The US-based company has made these disclosures as part of compliance with India’s IT rules that came into force on May 26. In its maiden report, Google said it had received over 27,700 complaints in April…

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Puri seeks foreign, private investments in oil and gas production

Petroleum Minister Hardeep Singh Puri on Friday promised an open-door policy to resolve any issue faced by the industry as he sought foreign and private investments to boost domestic oil and gas production. At an investor meet called to promote India’s latest offering of discovered fields for bidding, Puri said India, besides offering the world’s fastest-growing energy markets, also offers a rule-based regime. “The government stands ready to partner with you both in the identification of what remedial steps we need to take in the ecosystem and what need to…

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Sensex rises over 150 pts in early trade; Nifty tops 15,850

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. The 30-share BSE index was trading 155.51 points or 0.29 per cent higher at 53,007.78 in initial deals, while the broader NSE Nifty rose 48.15 points or 0.30 per cent to 15,872.60. Tata Steel was the top gainer in the Sensex pack, rising more than 1 per cent, followed by ICICI Bank, HDFC Bank, IndusInd Bank, Maruti, Titan and…

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RBI central board short of 9 non-official directors

The central board of the Reserve Bank of India (RBI) is facing shortage of nine non-official directors, including seven from the category of people of eminence from various fields. The central board is the highest decision making body of the apex bank headed by the RBI governor. According to the RBI Act, the government nominates 10 eminent persons from various fields to the central board of the RBI, besides four directors (one from each of the four local boards). The government is yet to appoint seven non-official directors from the…

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Sensex drops over 100 pts in early trade; Nifty slips below 15,800

 Equity benchmark Sensex tumbled over 100 points in early trade on Friday, tracking losses in index majors HDFC Bank, ICICI Bank and L&T amid sustained foreign fund outflow. After opening over 150 points higher, the 30-share BSE index pared all gains to trade 141.67 points or 0.27 per cent lower at 52,695.54 in initial deals, while the broader NSE Nifty declined 42.05 points or 0.27 per cent to 15,782. L&T was the top loser in the Sensex pack, shedding around 1 per cent, followed by Sun Pharma, Bajaj Finance, HDFC…

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Sensex drops over 100 pts in early trade; Nifty slips below 15,800

Equity benchmark Sensex tumbled over 100 points in early trade on Friday, tracking losses in index majors HDFC Bank, ICICI Bank and L&T amid sustained foreign fund outflow. After opening over 150 points higher, the 30-share BSE index pared all gains to trade 141.67 points or 0.27 per cent lower at 52,695.54 in initial deals, while the broader NSE Nifty declined 42.05 points or 0.27 per cent to 15,782. L&T was the top loser in the Sensex pack, shedding around 1 per cent, followed by Sun Pharma, Bajaj Finance, HDFC…

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