Kodak TV launched a new 42-inch FHD and a 50-inch UHD Smart TV in the Indian market. The two TVs 42FHD7XPRO and 50UHD7XPRO are powered by the 1.4 GHz ARM Cortex-A53 quad-core processor coupled with Mali-450MP3. Both the TVs run on Android TV 9 Pie platform. They come with support for Google Assistant, plus hotkeys for navigating to preloaded apps present in remotes of both the apps.

Sterlite Technologies Ltd has fully acquired Optotec S.p. A, after entering into share purchase agreement through a subsidiary. Optotec provides a complete range of Optical Interconnect Products for Telecommunication & Cloud Networks. It manifests a strong legacy in Optical Interconnect portfolio of over 20 years and shares long-standing relationships with marquee European telecom operators.

HDFC Asset Management Company announced-8.17% fall yoy in Dec-20 quarter consolidated revenues at Rs481.86cr. The company actually saw its operational revenue down but the other income was up sharply during the quarter. For the Dec-20 quarter, the consolidated operating profits were down 7.28% at Rs371.77cr. Consolidated Profit after tax (PAT) for the Dec-20 quarter was up 4.74% at Rs369.26cr.

CMI Limited, one of the leading players in the cable industry, has been selected as a vendor with ADNOC - (ABU DHABI NATIONAL OIL COMPANY) for their LV Cables, MV Cables up to 33 KV, Control & Instrument Cables. The Company received a trial order from Middle East market paving way for another prestigious Approval. Its market potential is of USD 15-20 Million (Approx.) per annum.

Xiaomi unveiled Mi Notebook 14 (IC) in India. This is in extension to the company's existing Mi Notebook 14 lineup that made its India debut last year. The new laptop comes with a 10th gen Intel Core i5-10210U comet lake processor and an integrated 720p HD webcam built-in. The gadget has a battery backup of 10 hours. The Mi Notebook 14 (IC) bears a price tag of Rs 43,999.

Karda Constructions Limited reported a robust growth momentum in new bookings (pre-sales) in the Q3 of the current financial year, indicating a turnaround in India’s housing sector. The company reported a healthy 22.34% YoY growth and 17.35% QoQ growth in new bookings (pre-sales) in Q3 FY20-21 thanks to strong inventory build-up in ready-to-move-in and nearing-ready properties.

Ruby Mills Limited informed on Tuesday about their decision to roll back 50% of the salary cut effected since June 2020 for all the employees of the Company except the Promoter Directors. There was a graded salary-cut up to 30% which was effective since June 2020 due to Covid-19. The company's stock ended at Rs203.15 per piece up Rs1.45 or 0.72% from its previous closing of Rs201.70 per piece.

GMM Pfaudler India India announced a 29.39% growth YoY in Dec-20 quarter consolidated revenues at Rs201.81cr. The company registered a sharp YoY growth across all its three product segments viz. glass line equipment, heavy engineering and other proprietary products. For the Dec-20 quarter, the consolidated operating profits were up 26.46% at Rs31.07cr.

The rupee gained 14 paise to end Wednesday’s trade at 73.02 against the US dollar. Positive domestic equities and American currency trading lower in the overseas market lifted investor sentiment. At the interbank forex market, the domestic currency opened at 73.11 against the US dollar and finished at day’s high of 73.02 against the greenback.

Instant messaging platform WhatsApp is working to address all ‘misinformation’ on the update, reiterating that these changes will not allow it to share more user data with parent company Facebook. India’s IT ministry asked the platform 14 questions regarding these changes that would be “invasive” to the privacy of users. WhatsApp informed that is open to answering any questions on the issue.

Bajaj Finance on January 20 announced a 29% YoY fall in consolidated net profit at Rs 1,145.98 crore for the quarter ended December 2020. Profit in the year-ago period was at Rs 1,614.11 crore. Consolidated NII came in at Rs 4,296 crore in Q3, down 5.3% YoY, due to higher reversal of interest income at Rs 450 crore versus Rs 83 crore in Q3FY20 and higher cost of liquidity surplus at Rs 213 crore.

Home First Finance Company is set to open its maiden public offer for subscription on January 21. The three-day public issue will close on January 25. The Rs 1,153.72 public issue comprises a fresh issue of Rs 265 crore and an offer for sale of Rs 888.72 crore by promoters True North Fund V LLP and Aether (Mauritius), and investor Bessemer India Capital Holdings II Ltd among others.

Sundaram Finance Ltd. on January 20 announced the appointment of Rajiv Lochan as the next managing director, effective from April 1, 2021. Lochan will be replacing the current MD of Sundaram Finance TT Srinivasaraghavan, who will be completing his term of office on March 31, 2021, and is retiring from service.Prior to this, Lochan has worked as a partner in the consulting firm McKinsey & Company.

Ether could climb more than sevenfold to $10,500 after reaching a record this week, suggested Fundstrat Global Advisors LLC. Strategist David Grider’s prediction is based on the popularity of the related Ethereum blockchain for so-called decentralized finance applications. Ether rose more than five-fold last year compared with the quadrupling in the price of Bitcoin amid a polarizing crypto boom.

Newgen Software Technologies Limited announced revenue from operations at Rs185.5cr in the financial results for the third quarter ended December on Wednesday. The revenue saw an increase of 20% QoQ as compared to Rs155.0cr in Q2FY21 and 0.3% YoY. Profit after tax increased by 48% YoY at Rs35.4cr from Rs24cr in Q3FY20 driven by cost rationalisations.