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Nikola Founder Giving First 50 Employees His Own Stock Worth $233 Million
Ed Ludlow and Sophie Alexander, Bloomberg | Thursday August 27, 2020The stock has surged since Nikola started trading on the Nasdaq via a reverse merger in early June, driven by investor appetite for electric-vehicle manufacturers. -
Sensex Rises Over 200 Points, Nifty Touches 11,600; Financial Stocks Lead Gains
Edited by Sandeep Singh (with inputs from agencies) | Thursday August 27, 2020Markets globally are still focused on the endless liquidity being pumped out by central banks. -
Petrol Price Hiked To Rs 81.83 Per Litre In Delhi, Diesel Remains Unchanged
Edited by Peter Noronha | Thursday August 27, 2020In Delhi, the price of petrol was raised to Rs 81.83 from Rs 81.73 per litre, whilediesel prices werekept steady at Rs 73.56 per litre,according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Cautious Start
Edited by Peter Noronha (with inputs from agencies) | Thursday August 27, 2020Finance Minister Nirmala Sitharaman will chair the 41st Goods and Services Tax Council meeting, which will begin at 11 am through video conferencing. -
Amazon Faces New Regulatory Challenge From Indian Online Sellers: Report
Reuters | Wednesday August 26, 2020All India Online Vendors Association, members of which sell goods on Amazon and Flipkart, have alleged Amazon engages in unfair business practices -
Reliance Hires Indian Oil Ex-Chairman To Lead Oil-To-Chemical Business
Reuters | Wednesday August 26, 2020Operator of the world's biggest refining complex, Reliance is in the process of carving out its O2C business into a separate unit called Reliance O2C Ltd. -
Pensioners Can Store Pension Payment Order In DigiLocker, Says Government
Press Trust of India | Wednesday August 26, 2020This system will enable any pensioner to obtain an instant printout of the latest copy of their PPO from their DigiLocker account -
Doorstep Laundry Service, Work From Hotel & More: Hospitality Industry Reinvents Itself In Pandemic-Era
Reported by Arun Singh, Edited by Abhik Deb | Wednesday August 26, 2020The hotel industry is staring at low revenues and is struggling for survival amid travel curbs and other restrictions -
Sensex, Nifty To Face Correction After A 50% Rally Despite Covid-19: Poll
Reuters | Wednesday August 26, 2020Nearly two-thirds, or 30 of 46 strategists polled, said a significant correction in equities was either likely or very likely over the next 3 months. -
Accenture To Cut 5% Of Global Workforce: Sources
Reported by Sakshi Bajaj | Wednesday August 26, 2020The company has about 2 lakh employees in India. -
Regulatory Body TRAI Issues Show Cause Notice To Vodafone Idea Over "Misleading Offer"
Edited by Abhik Deb (with inputs from agencies) | Wednesday August 26, 2020The regulatory body had reportedly been probing Vodafone Idea's priority plan RedX and Bharti Airtel's Platinum offering -
Sensex, Nifty Gain For Fourth Day In A Row Led By Auto, Banking Shares
Edited by Abhishek Vasudev | Wednesday August 26, 2020Mid- and small-cap shares also witnessed buying interest as the Nifty Midcap 100 index rose 0.55% and Nifty Smallcap 100 index rose 1%. -
Sensex Closes 230 Points Higher As Markets Extend Gains To Fourth Day
Edited by Sandeep Singh (with inputs from agencies) | Wednesday August 26, 2020Reliance Industries, Infosys and Kotak Mahindra Bank were the top contributors to the gain in Sensex. -
Rupee Ends Volatile Session Flat At 74.30 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Wednesday August 26, 2020Rupee Vs Dollar: At the current level, the rupee is down 4.09 per cent against the US currency so far this year. -
Crude Oil Price Edges Higher To $46 Per Barrel Mark On US Output Cut
Edited by Sandeep Singh (with inputs from agencies) | Wednesday August 26, 2020Crude Oil Price: At 1:31 pm, Brent futures traded 0.22 per cent higher at $45.96 per barrel, but WTI futures were down 0.07 per cent at $43.32 per barrel.
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