💰₹3,000cr to be spent by Tata Power for a solar cell, module in Tamil Nadu
Mon, Jul 4, 2022 4:51 PM

💰₹3,000cr to be spent by Tata Power for a solar cell, module in Tamil Nadu

Tata Power inked an MoU with the Tamil Nadu government to invest about ₹3,000 crore. The Tata Group Company will deploy these funds to establish a solar cell, module manufacturing facility in Tirunelveli, Tamil Nadu. The investment will be carried out in 16 months and will, directly and indirectly, lead to the creation of 2,000 jobs, with a significant number of them being women staff.

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Rupee closes on a flat note at 78.94 versus the US dollar
Mon, Jul 4, 2022 4:36 PM

Rupee closes on a flat note at 78.94 versus the US dollar

On Monday, the Indian rupee balanced its early losses and closed on a flat note at 78.94 (provisional) versus the US dollar. At the interbank forex market, the local unit opened at 78.97 versus the greenback and fell to an intra-day low of 79.06. It finally closed at 78.94, unchanged from its previous close. The dollar index plunged 0.13 per cent to 104.99.

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Sudeep Behari becomes the new business head for Slice
Mon, Jul 4, 2022 4:35 PM

Sudeep Behari becomes the new business head for Slice

Slice onboarded Sudeep Behari as its new business head. The decision is expected to drive the fintech startup's services to a "wider audience". Prior to joining Slice, Behari was leading the ICICI-Amazon credit card partnership. He boasts of over 16 years of experience in the credit finance industry and has a proven track record of surpassing corporate growth objectives.

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16 firms launched IPOs in first half of 2022 against 24 in 2021
Mon, Jul 4, 2022 4:29 PM

16 firms launched IPOs in first half of 2022 against 24 in 2021

Out of the 67 IPOs that gained approval, 16 have so far been launched in the first half of the year, against 24 launched within the same period the previous year. Reasons like weakening sentiment in the secondary markets, the Russia-Ukraine war, high oil prices, inflation concerns, policy tightening by several central banks etc. are attributed to the slow launch of IPOs this year.

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Japan consumers ready to pay Q3 aluminium premium of $148/T
Mon, Jul 4, 2022 4:26 PM

Japan consumers ready to pay Q3 aluminium premium of $148/T

Japanese buyers have decided on a premium of $148 a tonne for aluminium shipments in July to September quarter, demonstrating a plunge of 14% from the previous quarter. The latest pricing is lower than the $172 a tonne paid in the April-June quarter and reflects a third successive quarterly decline. The below-par value is due to weak demand for automobiles amid a global chip shortage.

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ISO 9001:2015 certification attained by Xiaomi India for Finance process
Mon, Jul 4, 2022 4:16 PM

ISO 9001:2015 certification attained by Xiaomi India for Finance process

Xiaomi India on Monday confirmed the securing of an ISO 9001:2015 certification for their Finance process. The mentioned ISO tag will be valid across revenue assurance, procurement, credit control, receivable management, and channel development fund. It will further validate that Xiaomi India follows a plan-do-check-act cycle in all its processes.

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Hacker ChinaDan offers to sell stolen records of Chinese citizens
Mon, Jul 4, 2022 4:10 PM

Hacker ChinaDan offers to sell stolen records of Chinese citizens

A hacker identified as "ChinaDan" claimed to have stolen a trove of personal information from the Shanghai police on one billion Chinese citizens. If this claim turns out to be true it would be one of the biggest data breaches in history. The hacker group is now proposing to sell over 23 terabytes (TB) of data for 10 bitcoin, equivalent to about $200,000.

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Choice Hotels inks 15-year deal with Suba Group of Hotels
Mon, Jul 4, 2022 4:08 PM

Choice Hotels inks 15-year deal with Suba Group of Hotels

A 15-year deal has been signed between Choice Hotels in India and Suba Group of Hotels for a transition from a direct franchise market to a master franchise model. Under the new brand, all the franchised hotels will remain within the Choice Hotels network. "The agreement is in line with our vision of becoming the largest hotel chain in India", said Mansur Mehta, Suba Group of Hotels‘ MD.

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Interglobe Aviation share price sinks on flights delay
Mon, Jul 4, 2022 3:53 PM

Interglobe Aviation share price sinks on flights delay

As per reports, a lot of crew members of IndiGo did not turn up to their duty on Saturday and took sick leave as they went for an Air India recruitment drive. As a result, 50% of IndiGo flights were delayed. DGCA has sought answers from Indigo on flight delays. Owing to this, the shares of InterGlobe Aviation fell in Monday’s trading session.

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📢 Benchmark indices CLOSE on a positive note on July 04; Nifty near 15,850
Mon, Jul 4, 2022 3:43 PM

📢 Benchmark indices CLOSE on a positive note on July 04; Nifty near 15,850

📢 Benchmark indices closed on a positive note after a volatile session on July 04. 📊 At 3:30 PM, the Sensex improved by 326.84 points or 0.62% at 53,234.77, while the Nifty also surged by 83.40 points or 0.53% at 115,835.40. 👉 Among sectoral indices, Nifty FMCG zoomed 2.66% and Nifty PSU Bank surged 1.66% while Nifty Metal plunged 0.99% and Nifty IT tanked 0.62%.

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Gold surges Rs 241 ; Silver gains Rs 254
Mon, Jul 4, 2022 3:39 PM

Gold surges Rs 241 ; Silver gains Rs 254

On Monday, Gold prices in the national capital gained by Rs 241 to Rs 52,048 per 10 grams amid firm global trends. Silver also rose Rs 254 to Rs 58,139 per kg from Rs 57,885 per kg in the previous trade. In the international market, both gold and silver were trading flat at USD 1,808.45 per ounce and USD 19.83 per ounce, respectively.

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CIL Nova's manufacturing plant closed for maintenance work
Mon, Jul 4, 2022 3:33 PM

CIL Nova's manufacturing plant closed for maintenance work

CIL Nova Petrochemicals Ltd has notified that the company’s operation at its manufacturing plant situated at Moraiya, Village, Sarkhej - Bavla, Highway Tal. Sanand, Ahmedabad has been temporarily closed due to maintenance work of Captive Power Plant from July 01, 2022. At around 3:15 PM, CIL Nova Petrochemicals was trading at Rs29.10 per share up by 2.65% from its previous closing on the BSE.

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Binance claims that China's largest data breach may have affected some user
Mon, Jul 4, 2022 3:30 PM

Binance claims that China's largest data breach may have affected some user

Changpeng Zhao, CEO of Binance, said that their threat intelligence has discovered that over 1 billion people's personal information has been sold on the dark web. According to CZ, the information that was released is from an Asian nation & includes information like names, national identities, addresses, & police & medical data. Other reports suggest the details are those of Chinese citizens.

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Ashoka Buildcon JV turned out as lowest bidder for Rs611 cr JV project
Mon, Jul 4, 2022 3:28 PM

Ashoka Buildcon JV turned out as lowest bidder for Rs611 cr JV project

Ashoka Buildcon Limited turned out as the lowest bidder in the Joint Venture project with Cube Construction Engineering Limited. The Bid Project Cost for the mentioned Project stands at Rs611 crore and the share of the Company in JV will be 65%. The Construction tenure is 18 months from the initiation of the JV. Following this news, Ashoka Buildcon's shares zoomed on Monday.

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Trading & withdrawals halted on Singapore based exch Vauld citing volatily
Mon, Jul 4, 2022 3:15 PM

Trading & withdrawals halted on Singapore based exch Vauld citing volatily

The cryptocurrency exchange Vauld announced on Monday, that it has immediately stopped all withdrawals, trading, and deposits on its platform. The exchange's staff disclosed that it was facing financial difficulties as a result of many factors affecting the cryptocurrency market. Vault stated that it was consulting with financial and legal advisers to explore & evaluate every alternative.

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