Category Archives: Business

Tesla secures land for Shanghai factory, first outside US

Electric auto brand Tesla Inc. says it has secured land in Shanghai for its first factory outside the United States, pushing ahead despite mounting US-Chinese trade tensions. China is the biggest global electric vehicle market and Tesla’s second-largest after the United States.

Sensex jumps 267 points tracking global cues, strong earnings

The 30- share Sensex soared 267.26 points, or 0.76 per cent, to 35,429.74. It had rallied 1,161 points in the previous three sessions. The broader NSE Nifty was quoting well above the key 10,600-mark. Nifty was up 81.70 points, or 0.77 per cent, to trade at 10,666.45. Traders said the bullish movement was in line with upbeat Asian shares, following overnight gains at the Wall Street coupled with encouraging earnings by Infosys.

I’m leaving on a high note: Infosys CFO Ranganath

Infosys pays skilled graduates Rs 7-8 lakh salary

IMF chief Lagarde to skip Saudi investment conference

Lagarde had been set to participate in the kingdom’s Future Investment Initiative conference that has been boycotted by global business and media leaders since the suspected death of Jamal Khashoggi, who was last seen at the Saudi consulate in Istanbul on October 2.

Amazon is set to secure ‘Future’ rights from Biyani

uture Retail shares ended 14% higher at Rs 494 apiece after television channels reported that Amazon was on track to buy a 7-8% stake in the Indian company. This gives Future Retail, which operates Big Bazaar and Easy Day supermarkets, a Rs 25,000-crore market value, though its 52-week record level is significantly higher.

Apple allows DND app, but bars call logs

Apple says the company is mindful of the concerns of the regulator in blocking spam, and the latest operating system provides ways to report them. The company’s method to block spam gives control in the hands of the users in line with its focus on ensuring privacy of customers.

Investor wealth soars Rs 5.30 lakh crore in three days of market rally

As the equity market continued its winning run for the third straight session on Tuesday, investor wealth soared Rs 5.30 lakh crore in the rally since Friday. In the three trading sessions, the sensex gained 428.9 points. From the 30-share pack, 22 stocks ended with gains led by Mahindra & Mahindra, Adani Ports and Special Economic Zone and ONGC

Hero MotoCorp’s net profit dips marginally in Q2

The company had posted a net profit of Rs 1,010.49 crore for the same period of the previous fiscal, Hero MotoCorp said in a BSE filing. Revenue from operations for the quarter under review stood at Rs 9,090.94 crore as against Rs 8,371.74 crore in the same period previous fiscal, it added.

Rupee spurts 35 paise, ends at nearly 2-week high

At the Interbank Foreign Exchange, the rupee opened on a firm note at 73.79 from Monday’s close of 73.83. During the day the domestic currency gained further ground to hit a high of 73.47 against the US dollar, driven by selling of the greenback by exporters.