BUSINESS
Share markets all set for best year since 2017 as Nifty rise by 15%
The NSE nifty 50 indexes rose by 0.06 per cent at 13,99195 by 0444 GMT and the S&p BSE Sensex was 0.07 per cent higher at 47,784.31. Nifty rose for the seventh straight session and is about to hit it's highest of 13,997.85.
Boeing 737 MAX makes a return to the US skies
After two horrifying crashes that killed hundreds of passengers, the plane was grounded worldwide leading the airplane manufacturer into a crisis. Because the MAX was Boeing's top selling aircraft, after it was barred from skies, the company plunged into losses and struggled through two years, worsened by the Covid-19 hit pandemic.
ICEA urges for GST and import duty cuts, PLI for laptops
In its recommendations for the upcoming Union Budget, the industry body has also sought production-linked incentive (PLI) schemes for manufacture of laptops, tablets, printed circuit board assembly (PCBA), and wearables. ICEA Chairman Pankaj Mohindroo is of the view that imports are no longer a threat and duty of 20 per cent can be brought down since large-scale manufacturing is well on the way and the Indian industry can face competition.
Nifty hits 14,000 for the first time, Sensex touches new high
It opened at 47,753.11 and has touched an intra-day high of 47,865.56 and a low of 47,602.12 points. Nifty was trading at 13,993.70 points, higher by 11.75 points or 0.08 per cent from its previous close. The top gainers on the Sensex were HDFC, ICICI Bank and Maruti Suzuki India, while UltraTech Cement, TCS and Tech Mahindra.
Out of Rubble: Realty sector hopeful of high demand, recovery in 2021
Market participants expect a rise in demand in both residential and commercial real estate going ahead. Anuj Puri, Chairman of Anarock Property Consultants noted that the Indian residential real estate market proved its resilience in 2020, and 2021 holds promise for commercial office and residential real estate, as well as warehousing and data centers.
Loan apps scam: Chinese national who headed the operations arrested
So far, the cops have arrested 4 Chinese nationals out of which, three people, Yi Bai, Liang TianTian and the recently arrested Lambo were directly connected to the instant loan app scam. The 4th one, The fourth, Yah Hao, was arrested in August in connection with running an online gambling racket in which a large number of Indians had lost crores of rupees.
Samsung heir faces 9 years in prison over bribery case
The de facto leader of the country's top conglomerate was initially sentenced to five years in jail in 2017 for bribing a longtime friend of former President Park as he sought the government's help in succeeding his father and securing control of Samsung Group.
Wadhawan approaches RBI, CoC with revised offer for DHFL
In a letter to RBI Governor Shaktikanta Das, DHFL administrator R. Subramaniakumar and the Committee of Creditors (CoC), the erstwhile promoter of the bankrupt NBFC said that he would make an upfront payment of Rs 9,000 crore in cash and Rs 31,000 crore will be paid within a period of seven years in equal annual instalments with 8.5 per cent per annum interest.
Amazon acquires podcast platform Wondery to take on Spotify
According to Amazon, the deal is yet to be finalised and nothing is changing for the listeners. Wondery would be part of Amazon Music, which launched podcast support in September.
Rally continues on FII funds, Nifty50 inches away from 14000 mark
The day's session was the sixth straight day of gains on the back of strong FII inflows of around Rs 1,824.52 crore on Wednesday. Globally, Asian shares hit a record high but closed on a mixed note as investors bet on a strong economic recovery in 2021. Similarly, European markets gained after the UK government approved the anti-Covid-19 vaccine developed by AstraZeneca and the University of Oxford.
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