Category: BUSINESS

Equity benchmark indices Sensex and Nifty opened marginally higher on Friday ahead of the Reserve Bank of India’s monetary policy decision. The 30-share index was trading 54.98 points or 0.10 per cent higher at 54,547.82, while the broader NSE Nifty inched 17.50 points or 0.11 per cent higher to 16,312.10. The RBI will announce its bi-monthly monetary policy amid expectations that it may opt for status quo on interest rates on account of inflationary concerns. IndusInd Bank was the top gainer in the Sensex pack, rising around 3 per cent,…

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Apple unveiled plans to scan US iPhones for images of child abuse, drawing applause from child protection groups but raising concern among some security researchers that the system could be misused by governments looking to surveil their citizens. Apple said its messaging app will use on-device machine learning to warn about sensitive content without making private communications readable by the company. The tool Apple calls neuralMatch will detect known images of child sexual abuse without decrypting people’s messages. If it finds a match, the image will be reviewed by a…

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According to Ministry of Civil Aviation, even footfalls across 97 Indian airports between January 2021 and July 2021 saw a decline of 40 per cent. Hit by the Coronavirus pandemic, which led to the closure of airports across the country after March 2020, with flights available only for major cities during the better part of last year, the Airports Authority of India (AAI) reported a significant 70 per cent fall in its revenue from Rs 2,976.17 crore during April-June 2019 to only Rs 889 crore during April-June 2021. According to Ministry of Civil Aviation…

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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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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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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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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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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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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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