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Tata Taking On Mukesh Ambani Could Be India's Alibaba-Tencent
Andy Mukherjee, Bloomberg Opinion | Monday October 05, 2020The 152-year-old Tata Group is talking to Walmart Inc. for a $25 billion investment in a "super-app," a multipurpose online platform combining fashion, lifestyle and electronics retail, food and grocery. -
Domestic Air Passenger Traffic Down 66% In September: ICRA
ANI | Monday October 05, 2020, New DelhiICRA vice president Kinjal Shah said the number of flights departing gradually increased from 416 on Day 1 to 1,488 on Day 128 (September 28). -
Angel Broking Shares Debut At 10% Discount
Edited by Sandeep Singh | Monday October 05, 2020The Angel Broking stock quoted in a range of Rs 296.45-256.60 apiece on the bourse, before settling at Rs 275.85 for the day. -
Sensex, Nifty Gain For Third Session In A Row Led By TCS
Edited by Abhishek Vasudev | Monday October 05, 2020Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Information Technology index's 3.5 per cent gain. -
TCS Market Value Tops Rs 10 Lakh Crore; Board To Consider Share Buyback Proposal
Written by Abhishek Vasudev | Monday October 05, 2020TCS with market capitalisation of Rs 10.15 lakh crore is currently the country's second largest company by market capitalisation after Reliance Industries -
Centre's Interest Waiver Plan Fails To Deal With "Many Issues": Top Court
Reported by A Vaidyanathan, Edited by Sandeep Singh | Monday October 05, 2020The Supreme Court today said the centre's affidavit on waiving "interest on interest" on loans up to Rs 2 crore, frozen during a six-month moratorium granted because of the coronavirus crisis, was not satisfactory and asked for a do-over in a week. The affidavit "fails to deal with several issues raised by petitioners", the court said. The central government has been asked to consider the concerns of the real estate and power producers in fresh affidavits. The Supreme Court also noted that "no consequential orders or circulars" were issued by the government or RBI on enforcing the centre's decisions. The top court was hearing petitions on a waiver of interest on deferred EMIs - or interest on interest - to help small borrowers during the coronavirus pandemic. -
Angel Broking Debuts At 10% Discount Over Issue Price
Edited by Peter Noronha | Monday October 05, 2020The Rs 600 crore crore IPO of Angel Broking had received a muted response from investors; it was subscribed 3.94 times, receiving bids for 5.4 crore equity shares vis-a-vis the offer size of 1.37 crore equity shares. -
London Transport Regulator Strips Ola's Operating Licence Over Public Safety Failings
Reuters | Monday October 05, 2020Transport for London (TfL) said in a statement that it refused to grant Ola, a Softbank-backed operator, a new London private hire vehicle (PHV) operator's licence as it "cannot find it fit and proper to hold one after discovering a number of failures that could have risked public safety." -
Tokyo Meltdown: A Piece Of Hardware Took Down $6 Trillion Stock Market
Gearoid Reidy, Shoko Oda, Min Jeong Lee and Toshiro Hasegawa, Bloomberg | Monday October 05, 2020A data device critical to the Tokyo Stock Exchange's trading system had malfunctioned, and the automatic backup had failed to kick in, leading to a full-day shutdown. -
Reliance Industries Gains 1% As GIC, TPG Capital, Mubadala Buy Stake In Retail Arm
Edited by Peter Noronha | Monday October 05, 2020The Abu Dhabi-based state fund Mubadala invested Rs 6,247.5 crore, and Singapore's sovereign wealth fund GIC and global private equity firm TPG Capital invested a combined Rs 7,350 crore in Reliance Retail Ventures. -
Vedanta's Profit Drops 23.5% As Virus Lockdown Hurts Output, Demand
Swansy Afonso and Baiju Kalesh, Bloomberg | Monday October 05, 2020Group net income slumped to Rs 1,033 crore ($141 million) in the three months to June from Rs 1,351 crorea year earlier, the company said in a statement late Saturday. -
Market Live Updates: Sensex, Nifty Gain For Third Straight Session Led By IT Shares
Edited by Sandeep Singh (with inputs from agencies) | Monday October 05, 2020Tata Consultancy Services, Wipro, Tata Steel, Sun Pharma and JSW Steel, closing between 3.17 per cent and 7.55 per cent higher, were the top Nifty gainers. -
Petrol, Diesel Prices Remain Steady On Monday
Edited by Peter Noronha | Monday October 05, 2020In Delhi, the price of petrol was at Rs 81.06 per litre and diesel at Rs 70.46 per litre on October 5- the same levels as the previous day. -
Sensex, Nifty Likely To Have A Firm Opening
Edited by Peter Noronha (with inputs from agencies) | Monday October 05, 2020U.S. stock futures rose on Monday on hopes that President Donald Trump could be discharged from hospital later in the day, easing some of the political uncertainty. -
Credible Signs Of Economic Growth In September, Says Finance Ministry
Edited by Peter Noronha | Sunday October 04, 2020The GST collection rose 4 per cent in September (year-on-year) to Rs 95,480 crore, rail freight revenue earnings rose 13.5 per cent and power consumption increased by 4.2 per cent.
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