Sat, Jan 2, 2021 9:26 PM
CCI seeks details on anti-competition complaint filed against Amazon India
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Genus Power Infrastructures Limited has officially announced the incorporation of its wholly-owned subsidiary, "GENUS ALFA SMART METERING PRIVATE LIMITED," as of May 1, 2024. The subsidiary's particulars include an authorized capital of Rs 1,00,000 and a subscribed capital of the same amount. It is considered a Related Party and functions as a wholly-owned subsidiary of Genus Power Infrastructures
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The number of smallcaps offering double-digit returns fell this week due to a broad-based correction in the domestic market. This was on the back of a cautious Fed, which kept the key rates unchanged, highlighting the concerns around inflation. During the week, only 29 smallcap stocks gained in double-digits with Newgen Software Tech being the top gainer from the pack, offering 27% returns.
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Wall Street surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also providing evidence of U.S. economic resilience. All three major U.S. stock posted robust gains. The tech-heavy Nasdaq led the pack, rising 2% with an assist from Apple shares following the iPhone maker's record share buyback announcement.
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