BUSINESS
No revision in petrol, diesel prices for 10 consecutive days
However, they stopped short of reducing the retail price of petrol and diesel as more time will be required to study oil price movement before any downward revision. Already, crude has firmed a bit for last few days and this could prevent price cut by OMCs. With no change in prices on Tuesday, in the national capital, petrol continues to be sold for Rs 101.84 per litre.
Equity indices in green, metal stocks surge
Healthy buying was witnessed in metal stocks. Around 10.25 a.m., Sensex was trading at 52,977.55, higher by 125.28 points or 0.24 per cent from its previous close of 52,852.27. It opened at 52,995.72 and has so far touched an intra-day high of 53,024.70 and a low of 52,880.58 points. The Nifty50 on the National Stock Exchange was trading at 15,870.55, higher by 46.10 points or 0.29 per cent from its previous close.
Moj, ShareChat raise additional $145 mn to scale AI platform
The latest Series F funding, led by Singapore state investor Temasek, Moore Strategic Ventures (MSV) and Mirae-Naver Asia Growth Fund, is an additional investment beyond the $502 million raised in April this year. The company said in a statement that the new round will be utilised for accelerating user growth, augmenting a robust creator economy, and invigorating their efforts towards building a world-class AI organisation.
Weak global cues subdue equities, Sensex down over 100 pts
Both indices failed to hold on to their intra-day gains and broke a two-day winning streak. Besides, Q1FY22 results from frontline stocks failed to excite investors at a time when the other Asian markets reeled under regulatory pressures and rising Covid cases. The S&P BSE Sensex closed at 52,852.27, lower by 123.53 points, or 0.23 per cent, from its previous close.
Infosys paid Rs 164.5 cr for new IT e-filing portal: Govt
In a written reply in the Lok Sabha, Minister of State for Finance, Pankaj Chaudhary, said that the government has launched a new income tax e-filing portal as part of the Integrated E-filing and Centralised Processing Centre 2.0 Project. He said that the Union Cabinet gave its approval on January 16, 2019 for this project at an outlay of Rs 4,241.97 crore for a total period of 8.5 years.
Axis Bank's Q1FY22 YoY net profit rises 94%
The net profit for the period under review rose to Rs 2,160 crore from Rs 1,112 crore for the corresponding period of previous fiscal. "The bank's operating profit for the quarter grew 10 per cent YoY to Rs 6,416 crore while the core operating profit grew 13 per cent to Rs 5,896 crore," the bank said in a statement.
No new debt scheme till SAT disposes appeal, Franklin Templeton to SC
On Monday, a bench comprising Justices Abdul Nazeer and Krishna Murari took on record a submission made by the fund house that it would not launch any new debt scheme till the pendency of the appeal before SAT. The bench, however, refused to interfere in the other part of the order, which directed the Franklin Templeton to pay Rs 250 crore against demand of Rs 512 crore, and granted four weeks to the petitioner to file their reply before the tribunal.
Investment in REITs, InvITs to fuel multi-sector economic growth: EY
The report titled 'REITs and InvITs - financing urbanization and infrastructure in India,' with favourable government policies and a long-term investment outlook, many marquee investors including sovereign and pension funds are continuing to invest in such vehicles and are benefiting from receiving regular cash distributions, stable yield with sponsors getting the opportunity to expand their asset base.
BYJU's acquires Singapore-based Great Learning for $600M
The partnership marks BYJU'S' entry into the professional and higher education segment with a $1 billion commitment. The move combines BYJU'S leadership in education technology and content with Great Learning's expertise in upskilling for students and professionals Great Learning will continue to operate under its current leadership led by its founders, Mohan Lakhamraju, Hari Nair and Arjun Nair.
Fuel consumers get relief, no revision in petrol, diesel prices
However, they stopped short of reducing the retail price of petrol and diesel as more time will be required to study oil price movement before any downward revision. With no change in prices on Monday, petrol continues to be sold in the national capital for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre.
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