BUSINESS
Adani Enterprises signs concession agreement with AAI for 3 airports
In a regulatory filing, the company said that the concession period is 50 years from the commercial operation date. The announcement has boosted the shares of the company on Tuesday. At 1.53 p.m., is shares on the BSE were Rs 525.20, higher by Rs 17.95 or 3.54 per cent from its previous close.
Sensex zooms 700 points, RIL up 2%
The across-the-board rise was led by healthy buying activity in auto, finance, capital goods and oil and gas stocks The surge in the index-heavyweights Reliance Industries (RIL) and HDFC led the rise on Sensex. Around 1.25 p.m., Sensex was trading at 49,298.44, higher by 734.17 points or 1.51 per cent from its previous close of 48,564.27.
Tesla's entry in India doesn't worry Mercedes-Benz
Martin Schwenk, who leads Mercedes in India, said his company’s business in India remains on a strong footing and faces no apparent threat from the Elon Musk-run auto giant which has been gaining in scale and market capitalisation over the past few years.
India's economic activity rebounded solidly in Dec 2020, tentatively returning to pre-Covid levels: Icra
12 of the 15 high-frequency indicators tracked by the agency recorded an improved year-on-year performance in December 2020, relative to November 2020, including electricity generation, the output of passenger vehicles (PVs), motorcycles, vehicle registrations, and fuel consumption.
Private LTE-5G infrastructure market to reach $5.7 bn in 2024
Private LTE/5G infrastructure is any LTE and/or 5G network deployed for a specific enterprise/industrial customer that provides dedicated access. It includes networks that may utilise dedicated (licensed, unlicensed, or shared) spectrum, dedicated infrastructure, and private devices embedded with unique SIM identifiers.
Sensex gains over 400 points; auto, metal stocks rise
The across-the-board buying was led by auto, metal and oil and gas stocks. Around 10.10 a.m., Sensex was trading at 48,991.77, higher by 427.50 points or 0.88 per cent from its previous close of 48,564.27. It opened at 48,900.31 and has so far touched an intra-day high of 49,059.82 and a low of 48,805.54 points.
Indiamart Intermesh logs 29% growth in Oct-Dec
During the corresponding period of the previous financial year, the company had reported a net profit of Rs 62 crore. Its revenue from operations rose 5 per cent to Rs 174 crore during the period under review, compared to Rs 165 crore during the third quarter of FY 2019-20, said a company statement.
Third quarter has been best performing in recent years: Mindtree CEO
For the quarter ended December 2020, revenue was at $274.1 million (growth of 5 quarter on quarter and a decline of 0.4 per cent year on year. Net profit was at $44.2 million, a growth of 28.6 per cent quarter on quarter and 59.3 per cent year on year.
12th instalment of Rs 6,000 crore released to states to meet GST compensation shortfall
Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir and Puducherry) who are members of the GST Council.
Shinco TV launches Alexa-enabled TV starting at Rs 11,999
The range has been launched in two models -- SO32SF 32-inch (80cm) HD Ready and SO43AS 43-inch (109cm) -- that will be available on Amazon at Rs 11,999 and Rs 19,999, respectively, during the Amazon Republic Day Sale.
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