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Europe faces full-blown energy crisis

Amid a shortage of natural gas, lowered wind power output, outages at nuclear energy facilities and cold weather with winter just starting, power prices in Europe soared this week – and the worst may yet to come. Read Full Article at RT.com
RT Business

Europe faces full-blown energy crisis

Amid a shortage of natural gas, lowered wind power output, outages at nuclear energy facilities and cold weather with winter just starting, power prices in Europe soared this week – and the worst may yet to come. Read Full Article at RT.com

ABB India board okays creating arm to divest turbocharger business for Rs 310 crore

In June 2021, ABB India had informed bourses regarding its proposal to divest/sell its turbocharger business in the Process Automation business segment.
Moneycontrol Business News

ABB India board okays creating arm to divest turbocharger business for Rs 310 crore

In June 2021, ABB India had informed bourses regarding its proposal to divest/sell its turbocharger business in the Process Automation business segment.

Ericsson considering base station production in Russia: Report

Russia has said it will extend telecoms operators’ licences beyond 2023 for LTE (long-term evolution) networks on the condition that they start building networks using only Russian equipment, part of a wider push by Moscow to promote domestic technology
Moneycontrol Business News

Ericsson considering base station production in Russia: Report

Russia has said it will extend telecoms operators’ licences beyond 2023 for LTE (long-term evolution) networks on the condition that they start building networks using only Russian equipment, part of a wider push by Moscow to promote domestic technology and IT services.

OYO appoints Nirdosh Chouhan as Senior VP; Kranthi Mitra as Senior Principal Data Scientist

ex-Apple executive Nirdosh Chouhan, who has over 18 years of industry experience, will spearhead OYO’s Core Engineering Platform that plays a critical role in the company’s business, OYO said in a statement.
Moneycontrol Business News

OYO appoints Nirdosh Chouhan as Senior VP; Kranthi Mitra as Senior Principal Data Scientist

ex-Apple executive Nirdosh Chouhan, who has over 18 years of industry experience, will spearhead OYO’s Core Engineering Platform that plays a critical role in the company’s business, OYO said in a statement.

Germany ditching nuclear power at worst possible time

Germany is on track to close nearly half of its nuclear reactors before the end of 2021. The shutdowns are set to place a huge burden on European power grids in the face of one of the worst energy crises ever. Read Full Article at RT.com
RT Business

Germany ditching nuclear power at worst possible time

Germany is on track to close nearly half of its nuclear reactors before the end of 2021. The shutdowns are set to place a huge burden on European power grids in the face of one of the worst energy crises ever. Read Full Article at RT.com

Monster.com raises about Rs 137 crore in funding led by Akash Bhanshali, Mohandas Pai

Quess Corp also participated in the funding round. After the funding round, Monster.com is valued at close to $100 million (around Rs 755 crore).
Moneycontrol Business News

Monster.com raises about Rs 137 crore in funding led by Akash Bhanshali, Mohandas Pai

Quess Corp also participated in the funding round. After the funding round, Monster.com is valued at close to $100 million (around Rs 755 crore).

Share price of this auto components maker has jumped 18% in the last 5 days

Minda Industries hit a record high of Rs 1,179, rallied 7% in intra-day trade today, surged 37% in past 11 trading days as the company announced a fresh round of capex and investment spends.
Markets

Share price of this auto components maker has jumped 18% in the last 5 days

Minda Industries hit a record high of Rs 1,179, rallied 7% in intra-day trade today, surged 37% in past 11 trading days as the company announced a fresh round of capex and investment spends.

Rupee gains 11 paise to 75.48 against US dollar in early trade

The rupee appreciated 11 paise to 75.48 against the US dollar in opening trade on Wednesday, tracking a positive trend in domestic equities. However, rising crude prices in the international market and continued foreign fund outflows restricted the local uni
Finance

Rupee gains 11 paise to 75.48 against US dollar in early trade

The rupee appreciated 11 paise to 75.48 against the US dollar in opening trade on Wednesday, tracking a positive trend in domestic equities. However, rising crude prices in the international market and continued foreign fund outflows restricted the local unit, traders said. At the interbank foreign exchange, the rupee opened slightly strong at 75.56 and gained further ground to quote 75.48 against the American dollar in early deals, a rise of 11 paise from the last close. In the previous session, the rupee had settled at 75.59 against the greenback. On the domestic equity market front, the 30-share Sensex was trading 366.66 points or 0.65 per cent higher at 56,685.67, while the broader NSE Nifty advanced 112.50 points or 0.67 per cent to 16,883.35. Global oil benchmark Brent crude futures rose 0.24 per cent to USD 74.16 per barrel. Foreign institutional investors remained net sellers in the capital market on Tuesday, as they offloaded shares worth Rs 1,209.82 crore, as per exchan

MPAI, ADIF write to RBI for an extension of tokenisation deadline

MPAI and ADIF have in their letter highlighted several operational challenges that will hinder the transition to the token-based payments ecosystem
Finance

MPAI, ADIF write to RBI for an extension of tokenisation deadline

MPAI and ADIF have in their letter highlighted several operational challenges that will hinder the transition to the token-based payments ecosystem

Central Bank of India, U GRO Capital ink co-lending deal, aim Rs 1,000 crore disbursal

Under this partnership, the two entities aim to disburse up to Rs 1000 crore to U GRO Capital’s varied MSME segments under its programmes like Pratham, Sanjeevani, Saathi, GRO MSME and Machinery financing, in the next 12 months.
Moneycontrol Business News

Central Bank of India, U GRO Capital ink co-lending deal, aim Rs 1,000 crore disbursal

Under this partnership, the two entities aim to disburse up to Rs 1000 crore to U GRO Capital’s varied MSME segments under its programmes like Pratham, Sanjeevani, Saathi, GRO MSME and Machinery financing, in the next 12 months.

FMCG players expect better growth, lesser inflationary pressure in 2022

Health and wellness and convenience are going to remain key trends and FMCG companies are strengthening their core brands, driving premiumisation across their portfolios with targeted innovations as consumers are gravitating towards trusted brands looking fo
Moneycontrol Business News

FMCG players expect better growth, lesser inflationary pressure in 2022

Health and wellness and convenience are going to remain key trends and FMCG companies are strengthening their core brands, driving premiumisation across their portfolios with targeted innovations as consumers are gravitating towards trusted brands looking for quality, purity and hygiene, in continuation of the trend that started since the pandemic last year.

Hind Rectifiers surges 13%, hits 52-week high; stock up 35% in 3 days

In the past one month, the stock has rallied 47 per cent, as compared to 3 per cent fall recorded by the S&P BSE Sensex
Markets

Hind Rectifiers surges 13%, hits 52-week high; stock up 35% in 3 days

In the past one month, the stock has rallied 47 per cent, as compared to 3 per cent fall recorded by the S&P BSE Sensex

India Cements surges 9% as RK Damani & family increases stake to 22.76%

As on September 30, 2021, RK Damani, Gopikishan Shivkishan Damani and family collectively held 21.14 per cent stake in India Cements.
Markets

India Cements surges 9% as RK Damani & family increases stake to 22.76%

As on September 30, 2021, RK Damani, Gopikishan Shivkishan Damani and family collectively held 21.14 per cent stake in India Cements.

Metro Bands debuts on a weak footing, lists 13% below its issue price

The stock listed at Rs 436 on the BSE and Rs 437 on the NSE, a 13 per cent below its issue price of Rs 500 per share.
Markets

Metro Bands debuts on a weak footing, lists 13% below its issue price

The stock listed at Rs 436 on the BSE and Rs 437 on the NSE, a 13 per cent below its issue price of Rs 500 per share.

ZEE falls 5% on profit booking, post inking merger pact with Sony Pictures

In the past three months, ZEEL has outperformed the market by surging 35 per cent when compared with a 4 per cent decline in the S&P BSE Sensex
Markets

ZEE falls 5% on profit booking, post inking merger pact with Sony Pictures

In the past three months, ZEEL has outperformed the market by surging 35 per cent when compared with a 4 per cent decline in the S&P BSE Sensex

Battered Paytm gets its first bullish rating from a major broker

Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of 1,875 rupees, which implies 43% upside from Tuesday's close
Markets

Battered Paytm gets its first bullish rating from a major broker

Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of 1,875 rupees, which implies 43% upside from Tuesday's close

MARKETS: Positive start likely; YES Bank, Zee Entertainment in focus

Stock market LIVE: Rakesh Jhunjhunwala backed Metro Brands shall be in focus, as the stock makes its debut on Wednesday.
Markets

MARKETS: Positive start likely; YES Bank, Zee Entertainment in focus

Stock market LIVE: Rakesh Jhunjhunwala backed Metro Brands shall be in focus, as the stock makes its debut on Wednesday.

When will FPIs start buying Indian equities?

So far in December, foreign portfolio investors have sold equities worth over Rs 33,000 crore. This trend is expected continue for the rest of 2021. When can investors get a respite from FPI selling?
Markets

When will FPIs start buying Indian equities?

So far in December, foreign portfolio investors have sold equities worth over Rs 33,000 crore. This trend is expected continue for the rest of 2021. When can investors get a respite from FPI selling?

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