Adani Enterprises became 4th Adani firm to exceed ₹4 trillion in mcap
Tue, Sep 13, 2022 3:45 PM

Adani Enterprises became 4th Adani firm to exceed ₹4 trillion in mcap

Adani Enterprises became the fourth listed company in the Gautam Adani Group to surpass ₹4 trillion in mcap as the stock hit a record high on the BSE. Adani Enterprises’ market worth came out to be ₹4.04 trillion. Adani Transmission is the most valuable group company, with a mcap of Rs. 4.48 trillion, second by Adani Total Gas (₹3.96 trillion), and Adani Green Energy (₹3.72 trillion).

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Sensex jumps 456 points at close today, Nifty ends above 18,000
Tue, Sep 13, 2022 3:43 PM

Sensex jumps 456 points at close today, Nifty ends above 18,000

✅ Amid positive global cues, benchmark indices CLOSED on a robust note on September 13. 📊 At 3:30 PM, the Sensex surged by 455.95 points or 0.76% at 60,571.08, and the Nifty was up 130.50 points or 0.75% to close at 18,070.05. About 1776 shares advanced, and 1600 shares declined. 👉 Among sectoral indices, considerable buying was noticed in Nifty Metal (🔼 1.28%) and Nifty Financial Services.

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Singapore CB:  Data on crypto holdings by general public not available
Tue, Sep 13, 2022 3:40 PM

Singapore CB: Data on crypto holdings by general public not available

The Singaporean city-Monetary state's authority claimed it was unable to estimate the percentage of cryptocurrencies held by the general people there. According to authorties, it is not possible to estimate how much cryptocurrency Singaporeans have acquired through MAS-licensed DPT (Digital Payment Token) service providers because these transactions also include foreign service providers.

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Kartik Aaryan, Rashmika Mandanna turn Wow Skin Science's brand ambassadors
Tue, Sep 13, 2022 3:33 PM

Kartik Aaryan, Rashmika Mandanna turn Wow Skin Science's brand ambassadors

Wow Skin Science onboarded actors Kartik Aaryan and Rashmika Mandanna as brand ambassadors of its hair care range. In the past two years, the Body Cupid-operated D2C beauty brand signed actors like Kareena Kapoor Khan and Bhumi Pednekar as its ambassadors. The company has earned a reputation for being chemical free, nature inspired and offering eco-friendly products.

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Retail sales in malls will hit $39 billion by FY28: Report
Tue, Sep 13, 2022 3:30 PM

Retail sales in malls will hit $39 billion by FY28: Report

Retail sales in shopping malls across the top eight cities are predicted to increase by 29% yearly to reach $39 billion by the fiscal year 2027–2028. This rise will be attributed to rising consumption and the opening of new malls. According to estimates, the top 8 Indian cities' organised retail sales volume will increase at a CAGR of 17% from $52 billion in FY 2022 to $136 billion by FY 2028.

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Lupin's Rymti biosimilar etanercept gains approval from Health Canada
Tue, Sep 13, 2022 3:25 PM

Lupin's Rymti biosimilar etanercept gains approval from Health Canada

Lupin confirmed its biosimilar etanercept-- Rymti-- gained approval from Health Canada. The mentioned medication is prescribed by doctors to treat rheumatoid arthritis, juvenile idiopathic arthritis, psoriatic arthritis, axial spondyloarthritis plaque psoriasis, and pediatric plaque psoriasis. The pharma player is dedicated to increasing patient access to high-quality, life-improving biosimilars.

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Finance Minister urges companies to clear their dues to MSMEs
Tue, Sep 13, 2022 3:24 PM

Finance Minister urges companies to clear their dues to MSMEs

Union Finance Minister Nirmala Sitharaman urged large corporations to pay their loans to micro, small and medium-sized businesses (MSMEs), noting that these companies would require a similar level of support from the government and more established companies. This step will prove to be helpful for MSMEs. Let us tell you, the central and state governments still owe money in this.

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By year's end, Russia aims to set rules for crypto cross-border payments
Tue, Sep 13, 2022 3:18 PM

By year's end, Russia aims to set rules for crypto cross-border payments

The Russian govt has been given the official order by the Russian Prime Minister to reach an agreement on crypto legislation by Dec 19, 2022. The govt needs to build regulations for crypto mining and cross-border transactions in digital currencies. A fintech expert in the Russian State Duma stated that Russia might become the first country in the world to allow cross-border crypto payments.

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Bharti Telecom to use NCDs to generate up to ₹6,000 Cr rupees in debt
Tue, Sep 13, 2022 3:17 PM

Bharti Telecom to use NCDs to generate up to ₹6,000 Cr rupees in debt

According to a report, Bharti Telecom, a significant promoter of Bharti Airtel, intends to raise up to Rs 6,000 crore of debt through non-convertible debentures to purchase the remaining 3.33% stake that Singapore Telecommunications (Singtel) will sell in the telecom company. Leading foreign portfolio investors (FPIs) are likely to subscribe to the planned rupee-linked NCDs in large numbers.

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This footwear company's share price surged up to 6% today
Tue, Sep 13, 2022 3:16 PM

This footwear company's share price surged up to 6% today

Relaxo Footwears' share price zoomed 6% during today's deals. The scrip was trading at Rs 1076 per share on the NSE at 1 PM, with volumes of 1,063,866. The footwear manufacturer logged its biggest single-day gain since October 7, 2021. Notably, Relaxo is a leadingt footwear manufacturers in India, housing multiple popular brands including Relaxo, Sparx, Flite, and the Bahamas.

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Top purchased tokens among the 500 biggest #ETH whales in the last 24hrs
Tue, Sep 13, 2022 3:12 PM

Top purchased tokens among the 500 biggest #ETH whales in the last 24hrs

The top purchased tokens among the 500 biggest #ETH whales in the last 24hrs are aETHc (Ankr Reward Bearing Staked ETH), $LOOKS(LooksRare), $MATIC(Polygon), $cWBT(Compound Wrapped BTC), $LINK(Chainlink) & $cUSDC (Compound USD Coin). This data is given out by WhaleStats, a platform that tracks the movements of crypto whales.

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Hindustan Zinc’s Pantnagar unit first to source 100% green power
Tue, Sep 13, 2022 3:05 PM

Hindustan Zinc’s Pantnagar unit first to source 100% green power

Vedanta group firm--Hindustan Zinc-- made considerable progress toward its ESG objective of achieving Net Zero emissions. The zinc manufacturer's Pantnagar Metal Plant (PMP) emerged as Vedanta Limited's first unit to source 100% green power for its operations. The PMP unit inked a deal with M/s UPCL (Uttarakhand Power Corporation Limited) to provide hydropower-based renewable energy.

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Brother of ex-Coinbase manager pleads guilty to insider trading charge
Tue, Sep 13, 2022 3:00 PM

Brother of ex-Coinbase manager pleads guilty to insider trading charge

Nikhil Wahi, brother of former Coinbase product manager, pleaded guilty to a wire fraud conspiracy charge. He now faces a prison sentence between 10 to 16 months. "I knew that it was wrong to receive Coinbase's confidential information and make trades based on that confidential information," Nikhil Wahi told the judge. He & his friend allegedly generated $1.1 million in profits using the scheme.

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Blockchain Unicorn 5ire acquires stake in Network Capital
Tue, Sep 13, 2022 2:59 PM

Blockchain Unicorn 5ire acquires stake in Network Capital

Blockchain Unicorn 5ire has acquired a certain stake in Network Capital (NC). The name NC will now read "NC powered by 5ire." Every major city in the world has a functioning local chapter of Network Capital, which also collaborates with the Atal Innovation Mission of the Indian government. The company has named Utkarsh Amitabh as its Chief Marketing Officer.

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Gemopai’s E-scooter showroom fire claims 8 lives
Tue, Sep 13, 2022 2:57 PM

Gemopai’s E-scooter showroom fire claims 8 lives

In yet another tragic incident related to EV-fire, at least eight people succumbed to death in Secunderabad after a charging unit at a showroom of electric scooter manufacturer Gemopai caught fire. It quickly spread to a hotel above it. Investigations are going ahead regarding the source and cause of the fire. PM declared a compensation of Rs 2 Lakh for a family member of all deceased persons.

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