Tanla joins Microsoft to introduce blockchain-enabled CPaaS platform
Thu, Jan 21, 2021 11:20 AM

Tanla joins Microsoft to introduce blockchain-enabled CPaaS platform

Tanla Platforms Limited and Microsoft on Wednesday reported the introduction of Wisely, a blockchain-enabled communications platform-as-a-service solution built on Microsoft Azure. The edge-to-edge global blockchain network for omnichannel communication offers private, secure, and trusted experiences. Microsoft is the development partner architecting and developing this product for Tanla.

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China telecom companies urges NYSE to review decision to delist ADS
Thu, Jan 21, 2021 11:10 AM

China telecom companies urges NYSE to review decision to delist ADS

China’s three largest telecommunication companies- China Mobile, China Unicom (Hong Kong) and China Telecom Corp. have separately filed a written request with the New York Stock Exchange to reverse its ‘determination to re-commence delisting proceedings of ADSs’. The telecom companies further expressed that they were in conformity with the laws and regulations of the U.S.

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Ceat hikes FY22 capex by 40% as plants running with full capacity
Thu, Jan 21, 2021 11:00 AM

Ceat hikes FY22 capex by 40% as plants running with full capacity

The robust demand during the post lockdown period has led tyremaker Ceat to hike its capital expenditure (capex) for the coming fiscal year by 40% to Rs 700 crore. Ceat has inventory levels of less than 1 month despite all its plants running at full capacity. It will use the increase in capex to add more capacity at its factories and address the sustained surge in demand.

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Philips Carbon Black climbs a new 52-week high after Q3 PAT grows 80% yoy
Thu, Jan 21, 2021 10:50 AM

Philips Carbon Black climbs a new 52-week high after Q3 PAT grows 80% yoy

Phillips Carbon Black Limited registered a high consolidated profit of80% YoY at Rs125.03cr in Q3FY21 against Rs69.62cr in Q3FY20. The company’s revenue stood at Rs769.4cr against Rs768.85cr YoY. In reaction to the attractive Q3 figure, the company's stock hit a new 52-week high of Rs199.80 per piece in early deals after opening at Rs198.00.

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HDFC is planning to sell 24.48% stake in Good Host for Rs 232.81 crore
Thu, Jan 21, 2021 10:40 AM

HDFC is planning to sell 24.48% stake in Good Host for Rs 232.81 crore

HDFC Ltd has signed an agreement to sell its 24.48% stake in Good Host, a company engaged in the business of managing student housing facilities, for Rs 232.81 crore. The mortgage lender has today entered into a share purchase agreement for the sale of 47,75,241 equity shares of Re 1 each, representing 24.48% of the issued and paid-up share capital of Good Host.

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India looking for investment deals along with bilateral trade deal with EU
Thu, Jan 21, 2021 10:30 AM

India looking for investment deals along with bilateral trade deal with EU

India is looking to push through an independent investment deal alongside its trade agreement with the European Union (EU) in a bid to renew bilateral ties. I The country's bilateral trade and investment agreement (BTIA) with the bloc was suspended in 2013. India wants the investment deal to “happen parallelly and independently.” They would focus on investments, technology, and capital flows.

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Safe Pay launched by Airtel Payments Bank to curb online frauds
Thu, Jan 21, 2021 10:20 AM

Safe Pay launched by Airtel Payments Bank to curb online frauds

Airtel Payments Bank launched 'Airtel Safe Pay', a mode of safe digital transactions to protect customers from online frauds. When customers transact through UPI or net-banking using the Airtel Payments Bank, Airtel Safe Pay is an additional wall that will prevent online frauds. It will offer protection against phishing, stolen credentials or passwords, and phone cloning.

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Havells India stocks reach a new 52-week high as Q3 PAT climbs 75% YoY
Thu, Jan 21, 2021 10:10 AM

Havells India stocks reach a new 52-week high as Q3 PAT climbs 75% YoY

Havells India Ltd registered sharply higher net profit at Rs349cr in Q3FY21 against Rs199cr in Q3FY20, a growth of 75% YoY. The company's revenue climbed 39% to Rs3,166cr from Rs2,270cr yoy. The enormous profit was on the back of strong growth in its top line, led by electrical consumer durables and switchgear business. The company stock touched a new 52-week high of Rs1085.85 on Thursday.

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SBI executes money market deals linked to SOFR
Thu, Jan 21, 2021 10:00 AM

SBI executes money market deals linked to SOFR

State Bank of India (SBI) on Wednesday reported the commencement of two inter-bank short term money market deal with pricing linked to SOFR (Secured Overnight Financing Rate). SOFR is an identified replacement for USD LIBOR which is expected to be phased out at the end of 2021. The Inter-Bank money market transaction was executed by SBI through its Hong Kong branch.

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Facebook to launch aggressive ad campaigns to defend changes
Thu, Jan 21, 2021 9:50 AM

Facebook to launch aggressive ad campaigns to defend changes

Facebook plans to launch aggressive ad campaigns and interactions with users and government stakeholders over the next few months to “allay fears” over its intended privacy policy changes. They would clarify that the updated policy would be applicable to interactions with 19 million business account users of WhatsApp and that these messages can be “leveraged for business purpose”.

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Big News: Sensex Hits 50,000 for the first time
Thu, Jan 21, 2021 9:40 AM

Big News: Sensex Hits 50,000 for the first time

Indian stock market benchmark Sensex today scaled new highs, hitting 50,000 for the first time. Sensex was up 0.5% to 50,050. From its March lows of 25638, Sensex has nearly doubled in value in about 10 months. Nifty also rose to a new high and was also firm over 14,700. The rally in stock markets has been triggered by the massive liquidity injection by the central banks.

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Second artificial intelligence researcher side-lined by Google
Thu, Jan 21, 2021 9:30 AM

Second artificial intelligence researcher side-lined by Google

Google sidelined AI researcher Margaret Mitchell from its corporate systems. She is the second outspoken critic at the company to be sidelined. Mitchell was a vocal supporter of her colleague Timnit Gebru, who departed under acrimonious circumstances last month. Mitchell leads Alphabet Inc.’s Ethical AI unit, which develops company’s technology in a socially responsible manner.

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Should you subscribe the Home First Finance Company IPO opening today?
Thu, Jan 21, 2021 9:20 AM

Should you subscribe the Home First Finance Company IPO opening today?

HFFC India will open its Rs 1,154-crore public issue for subscription on Jan 21. The price band for the IPO is fixed at Rs 517-518 per share. The company already raised Rs 346 cr from anchor investors on Jan 20. The public issue comprises a fresh issue of Rs 265 cr and an OFS of Rs 888.71 crore. It will utilise the funds for augmenting its capital base to meet future capital requirements.

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Crude oil future declines on surprise rise in US crude stocks
Thu, Jan 21, 2021 9:10 AM

Crude oil future declines on surprise rise in US crude stocks

Oil prices declined on Thursday after data showed U.S. crude stocks unexpectedly increased last week, reigniting worries about pandemic restrictions cutting into fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.5%, to $53.04 a barrel at 0147 GMT, following two days of gains on hopes of massive COVID-19 relief spending under new U.S. President Joe Biden.

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Q3 Preview: Bajaj Auto Q3 profit may grow over 16%
Thu, Jan 21, 2021 9:00 AM

Q3 Preview: Bajaj Auto Q3 profit may grow over 16%

Bajaj Auto is expected to declare over 16% YoY growth in standalone profit, revenue and operating profit for the quarter ended December 2020 led by festive demand. Profit is expected to be supported by revenue and operating performance, while higher volumes and average selling price (ASPs) could boost topline during the quarter.

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