Foreign portfolio investors (FPIs) have invested a massive Rs 35,109 crore in Indian markets in November so far as corporate earnings and reforms measures undertaken by the government to revive investment activities kept the investors'' sentiment upbeat. According to the depositories data, FPIs invested a net sum of Rs 29,436 crore into equities and Rs 5,673 crore into debt segment in Nov so far.
Open FlipReliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL), has acquired equity shares of online furniture startup Urban Ladder Home Decor Solutions Pvt Ltd for INR 182.12 Cr. Reliance Retail has bought 96% holding in the equity share capital of Urban Ladder and has a further option of acquiring the balance stake, taking its shareholding to 100%, the company informed.
Open FlipBritish Prime Minister Boris Johnson plans to announce next week a ban on the sale of new petrol and diesel cars from 2030, five years earlier than previously planned, the Financial Times reported on Saturday. Britain had originally planned to ban the sale of new petrol and diesel-powered cars from 2040, as part of efforts to reduce greenhouse gas emissions.
Open FlipRealty firm Prestige Estates Projects' sales bookings rose 9 percent year-on-year to Rs 1,123.3 crore during September quarter on better demand for its residential properties despite the COVID-19 pandemic. The Bengaluru-based real estate developer had reported a sales booking of Rs 1,026.3 crore in the year-ago period.
Open FlipWith battle royale game PUBG exploring a relaunch in India, Bytedance-owned short-video making platform TikTok is also hoping for a comeback in the Indian market. TikTok was among the first set of Chinese apps that were banned by the Indian government. However, the platform has retained its employees in the country and is currently working with the government to resolve the issues.
Open FlipThe market opened on a huge bullish note during Mahurat trading session with Sensex and Nifty both advancing by nearly 1% each. At around 6.18 pm, Sensex added 380.76 points or 0.88% and Nifty gained above 102.10 points or 0.80%. At around 6.15 pm, Sensex was trading at 43,815.45 above 372.45 points or 0.86%. Nifty 50 surged by 103.40 points or 0.81% and was performing at 12,823.35.
Open FlipToyota Kirloskar Motor has said its Dhanteras retail sales spiked 12% this year as compared to last year and it expects November volumes to be more bullish over the previous month. The automaker in a late evening statement on Friday also said that apart from other factors, pent-up demand coupled with festive season sales have also contributed to the oversales volume of October and November.
Open FlipQualcomm Inc received a license from the U.S. government to sell 4G mobile phone chips to China's Huawei Technologies Co Ltd, an exemption to U.S. trade restrictions imposed amid rising tensions with China. "We received a license for a number of products, which includes some 4G products," a Qualcomm spokeswoman told Reuters.
Open FlipWe are happy to introduce Bookmark and Explore Features! Now you can save any news as a bookmark that you find important and read that as per your convenience! The news stays in your app forever unless you choose to delete that. With our explore feature you can track what happened in that company in last 2 months. This will help you to take more informed investment decisions! Happy Flipping :)
Open FlipUber Technologies Inc is in talks to sell its autonomous driving unit, Uber Advanced Technologies 8(ATG), to self-driving car startup Aurora, a source familiar with the matter told Reuters. The talks are still ongoing and there is no certainty a deal could be reached, the source said, adding that Uber is also considering taking stake in the new company if Aurora takes over ATG.
Open FlipSmall-sized private sector lender RBL Bank on Friday said it has raised Rs 1,566 crore in fresh capital through a preferential allotment of shares to a group of investors led by Baring Private Equity Asia. After the fund-raise, the bank intends to invest in newer products like affordable housing loans to strengthen its presence In the semi-urban and rural markets.
Open FlipHindustan Aeronautics Ltd on Friday reported marginally lower consolidated net profit at ₹615 crore for the quarter ending 30 September, 2020. The Bengaluru-headquartered state-owned firm posted net profit of ₹622 crore in the year-ago period. However, the consolidated revenue from operations rose 41% to ₹4,854 crore from ₹3,449 crore in September 2019.
Open FlipTata Steel reported 7.45% rise in Sep-20 quarter top line sales revenues yoy at Rs37,154cr. After the steel fall in steel demand in the Jun-20 quarter, the overall steel revenues bettered the pre-COVID levels supported by a smart revival in domestic demand as well as strong traction seen with regards to steel imports from the rest of Asia.
Open FlipInfo Edge on Friday said its investee company Zomato has raised USD 195 million (about Rs 1,455.4 crore) in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at USD 3.6 billion. The transactions valued Zomato at a post-money valuation of USD 3.6 billion," Info Edge said in a regulatory filing.
Open FlipState-run Punjab National Bank on Friday said the RBI has imposed a penalty of Rs 1 crore on it for contravention of the Payment and Settlement Systems Act. "RBI has observed that the Bank was operating a bilateral ATM sharing arrangement with Druk PNB Bank Ltd, Bhutan, (international subsidiary of the Bank), since April, 2010 without the prior approval / authorisation from RBI," it said.
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