Overseas investors remained net buyers to the tune of ₹17,818 crore in Indian markets in first four trading sessions of December amidst better than expected economic recovery around the world and positive sentiment on the back of various vaccine results. As per depositories data, FPI pumped in a net sum of ₹16,520 crore into equities and ₹1,298 crore in debt segment during December 1-4.

Max Life Insurance CEO and managing director Prashant Tripathy has said that approval from the insurance regulator on Axis Bank proposal to raise its stake in the insurer to about 19 percent should come through within next three months. The bank has shown its willingness to raise its stake directly and through its subsidiary in the Max Life Insurance, Tripathy said.

DLF will invest around ₹130 crore over the next 18 months to develop a data centre in Noida as it seeks to encash rising demand for data storage capacity. The data centre project will have 3.7 lakh sq ft space with proper infrastructure, including high power capacity, according to sources. DLF has leased built-to-suit data centre project to Singapore-based ST Telemedia Global Data Centres.

The Punjab National Bank said on December 5 that it will organise a roadshow next week for the proposed qualified institutional placement (QIP) worth Rs 7,000 crore. The government lender said in a regulatory filing that it will be taking part in the non-deal roadshow scheduled to be held on December 7 and 8 to meet prospective investors.

The country's largest carmaker Maruti Suzuki India on Saturday said its total production in November increased 5.91 per cent to 1,50,221 units. The company had produced total 1,41,834 units in the same month last year, Maruti Suzuki India (MSI) said in a regulatory filing. Passenger vehicles production stood at 1,46,577 units last month as compared with 1,39,084 units in November 2019.

To support and enable our armed forces and their families, the country's largest bank has stepped forward to donate to the Armed Forces Flag Day Fund. State Bank of India in its continuous effort to fulfill banks philanthropic responsibilities has decided to donate Rs 10 crore towards the welfare of dependent girl children of war veterans/ ex-servicemen/ war widows.

When James Cameron descended into the Mariana Trench in 2012, he sported a Rolex Deepsea Challenge, which was guaranteed waterproof to a depth of 12,000 meters (39,370 feet). The watch kept perfect time throughout the 7 hour underwater journey. No wonder it takes about a year to make one Rolex watch. Every watch is painstakingly made by hand with utmost attention and dedication in Switzerland.

The Ministry of Information on Broadcast has issued an order that directs all broadcast and print ads that showcase online games and fantasy sports to now carry disclaimers. According to the order, no gaming advertisements may depict any person under the age of 18 or those who appear under the age of 18 engaged in playing a game of "Online gaming with real money winnings".

Tata Consumer Products Ltd (TCPL) on Saturday said its Australia based step-down subsidiary is selling MAP Coffee Business to Buccheri Group for 1.25 million Australian dollar ( ₹6.74 crore). According to TCPL's website, MAP Coffee was established in 2002 and supplied Australian cafes, restaurants and bars with a range of Italian and locally roasted coffee.

Gold prices edged lower to settle at Rs 49,209 per 10 gram on December 4 as participants trimmed their long position as seen by the open interest. The precious metal after hitting a low of Rs 47,792 on Monday ended the week with a gain of 2.66 percent for the week. In the retail market, the bullion metal settled at Rs 49,316 per gram on Friday up nearly 1 percent for the week.

ICICI Securities believe the IT sector is poised for the next round of upsides after a round of consolidation. HCL Technologies has retraced back to ₹800 levels after making lifetime highs near ₹900 in October. As per ICICI Securities report, the stock it will resume its upward momentum in the short-term and is well placed to move towards its recent highs of ₹900 and above in coming days.

The initial public offering of Burger King, one of the fastest growing quick service restaurant chains in India with 268 outlets, turned out to be the third issue in the calendar year 2020 to cross the subscription mark of 150 times. With a subscription of 156.6 times, it has received the second highest subscription in the current year after Mazagon Dock Shipbuilders(157.4 times).

Amazon founder and CEO Jeff Bezos' aerospace company Blue Origin is all set to put the first woman on the moon. The preparations for the take-off of the rocket is in full swing. In a video shared on the Instagram, Jeff Bezos gives a glimpse of the testing of the rocket engine. The short clip shared on his timeline on Friday shows powerful flames out of the engine during the test.

By 5th Jan’21, AMFI is expected to release a fresh list for categorisation of stocks into large caps, mid caps, and small caps, based on average market cap for H2CY20. ICICI Securities expects, there is a high probability for Yes Bank to switch from mid cap to large cap category. With current market cap of ₹333 bn, Yes bank holds 88th rank in the Indian stock market.

Bharti Airtel has jumped 25% in less than two months to the current market price of ₹494.50. Bharti Airtel narrowed its consolidated net loss to ₹763 crore in the second quarter, posting record consolidated revenue boosted by the continued recovery of its India business. Net sales or revenue was ₹25,785 crore, up 22% on-year in the second quarter, a seasonally weak quarter for the telecom sector.