GAIL India stocks hit 52week high as the company proposed buyback of shares
Tue, Jan 12, 2021 10:35 AM

GAIL India stocks hit 52week high as the company proposed buyback of shares

GAIL India stocks reach a 52-week high of Rs 142.25, increasing  5% in the early trade on January 12 after the company is planning buyback of shares on January 15. The meeting of the board of directors of the company will be held on January 15, 2021, to consider the proposal of buyback of the fully paid-up equity shares of the company of face value of Rs 10 each.

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Future Retail is planning to defend against Amazon appeal
Tue, Jan 12, 2021 10:25 AM

Future Retail is planning to defend against Amazon appeal

Future Retail Limited will defend against the appeal filed by Amazon in Delhi High Court through legal counsels. Future Group, in supermarkets and high-end food stores businesses across India, decided to sell its retail assets to Reliance in August for $3.4 billion but Amazon has alleged the deal breached agreements Future had made with the U.S. company in 2019.

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True North might acquire 8-10% stake in Anthem for Rs 740 crore
Tue, Jan 12, 2021 10:19 AM

True North might acquire 8-10% stake in Anthem for Rs 740 crore

Private equity player True North might acquire a minority stake in Bengaluru-based contract research and manufacturing services firm Anthem Biosciences. True North will acquire about 8-10% stake in Anthem Biosciences for Rs 740 crore, at a valuation of Rs 7,400 cr. Ajay Bharadwaj founded Rs 1,200-crore Anthem Biosciences competes with Syngene International & GVK Bio.

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Sunteck Realty Q3 sales bookings increased by 7% at Rs 349 crore
Tue, Jan 12, 2021 10:09 AM

Sunteck Realty Q3 sales bookings increased by 7% at Rs 349 crore

Sunteck Realty Ltd on Tuesday claimed its sales bookings increased 7% YoY to Rs 349 crore in the third quarter of this fiscal on better demand. The sales bookings of the Mumbai-based developer stood at Rs 349 crore during the October-December quarter, as against Rs 325 crore in the same period of the previous fiscal. In Q3 sales bookings went up by 75% QoQ with businesses worth Rs 200 crore.

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True Elements bags Rs 10 crore from SIDBI-Managed Social Fund
Tue, Jan 12, 2021 10:00 AM

True Elements bags Rs 10 crore from SIDBI-Managed Social Fund

True Elements raised Rs 10 crore from the Maharashtra State Social Venture Fund (MSSVF), managed by SIDBI. The MSSVF is meant for investing in companies forming an impact on the local community, ecosystem and those which are working to improve women workforce inclusion. True Elements will be using this fund to strengthen its brand and product innovation.

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TCS emerges leader in Worldwide Manufacturing Intelligence Transformation
Tue, Jan 12, 2021 9:49 AM

TCS emerges leader in Worldwide Manufacturing Intelligence Transformation

Tata Consultancy Services (TCS) achieved the leadership position in the IDC MarketScape: Worldwide Manufacturing Intelligence Transformation (IX) Overall and Strategic Consulting Services. The IT giant has a strong focus on the manufacturing industry and a balanced strategy on innovation with a high amount of delivery centre and centre of excellence located around the globe.

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Star Air introduces direct flight between Kalaburagi to Tirupati
Tue, Jan 12, 2021 9:28 AM

Star Air introduces direct flight between Kalaburagi to Tirupati

Star Air commenced the direct daily flight operations from Kalaburagi, Karnataka to Tirupati, Andhra Pradesh under the RCS-UDAN scheme. The airline will be operating three weekly flights on the route and will deploy its 50-seater Embraer-145 luxury aircraft. Under the UDAN scheme, Kalaburagi airport recently completed a successful 1 year of service.

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Telegram founder Pavel Durov says, "Won’t ever monetize private data"
Tue, Jan 12, 2021 9:23 AM

Telegram founder Pavel Durov says, "Won’t ever monetize private data"

Telegram opined it will never monetize users’ private data for profiling for targeted advertisement. “We will never force you to view 30-second ads on Telegram. If we ever introduce ads, the ads will be shown only in large one-to-many channels which are expensive to run due to server and traffic costs and not targeted based on any private data," said Pavel Durov, Telegram Founder.

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Twitter suspends about 70k accounts dedicated to QAnon content sharing
Tue, Jan 12, 2021 9:12 AM

Twitter suspends about 70k accounts dedicated to QAnon content sharing

Twitter Inc suspended more than 70,000 accounts since Friday that were promoting sharing QAnon content after last week's violence in Washington when supporters of President Donald Trump stormed the U.S. Capitol. The storming of the Capitol building last week by Trump supporters delayed the certification of Biden's election victory. QAnon backers have pushed conspiracy theories on social media.

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Amazon might pull out QAnon products from platform after US Capitol siege
Tue, Jan 12, 2021 9:07 AM

Amazon might pull out QAnon products from platform after US Capitol siege

Amazon.com Inc on Monday reported that it may remove some QAnon products from its online marketplace, citing policies that prohibit offensive items or other inappropriate content. The world's largest online retailer drew scrutiny for having apparel with QAnon insignia and related books up for sale days after QAnon followers joined last week's siege of the U.S. Capitol.

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NSE launches trading of futures and options contracts on Nifty Index
Tue, Jan 12, 2021 9:02 AM

NSE launches trading of futures and options contracts on Nifty Index

National Stock Exchange of India Ltd (NSE), the world’s top-ranking derivatives exchange in the year 2019 based on contracts traded, introduced futures and options contracts on the Nifty Financial Services Index on January 11. The first day witnessed volumes of 1.4 lakh contracts being traded worth Rs. 511 crores and open interest of 28,219 contracts at the end of the day. 

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SpiceJet, Air India are ready to fly vaccines from Pune on 12th January
Tue, Jan 12, 2021 8:54 AM

SpiceJet, Air India are ready to fly vaccines from Pune on 12th January

Air India and SpiceJet, will start vaccine transportation out from Pune on January 12, to different parts of the country. Sources confirmed that while the SpiceJet flight took off from the Pune airport at 8 am, to Delhi, Air India will fly a consignment to Ahmedabad, at 9.40 am. Pune is the hub to the Serum Institute of India, which is manufacturing the Covishield vaccine.

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Balmer Lawrie’s 8 units may be sold as part of the govt disinvestment plan
Tue, Jan 12, 2021 8:40 AM

Balmer Lawrie’s 8 units may be sold as part of the govt disinvestment plan

Balmer Lawrie & Co. Ltd’s 8 units might be sold off separately as part of the government’s disinvestment plan. SBI Capital Markets Ltd is advising the department of investment and public asset management (Dipam) in managing the sale of the 153-year-old firm. It will be the second PSU after BPCL under the oil ministry to be put on the block.

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Crude oil prices declines due to increasing coronavirus cases
Tue, Jan 12, 2021 8:34 AM

Crude oil prices declines due to increasing coronavirus cases

Oil prices slipped by 9 cents, or 0.2 per cent, to $55.57 a barrel on Tuesday as investors remained concerned about climbing coronavirus cases globally. However, an anticipated drawdown in crude oil inventory in the United States for a fifth straight week stemmed losses. Worldwide coronavirus cases surpassed 90 million on Monday, and many countries are struggling in procuring enough vaccines.

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SoftBank Grp Vision Fund sold $2billion Uber share after market recovery
Tue, Jan 12, 2021 8:16 AM

SoftBank Grp Vision Fund sold $2billion Uber share after market recovery

SoftBank Group Corp.’s Vision Fund sold about $2 billion in Uber Technologies Inc. The bank har earlier acquired major stakes in Uber, China’s Didi Chuxing, India’s Ola and Southeast Asia’s Grab. Those wagers looked in jeopardy when Uber stumbled after its 2019 initial public offering and the coronavirus pandemic slammed demand. SoftBank still holds about 184.2 million shares.

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