Securing a&nbsp;narrow escape from losses, the rupee stepped back from initial losses and gained marginally towards the fag-end of the session by two paise against the 

Securing a&nbsp;narrow escape from losses, the rupee stepped back from initial losses and gained marginally towards the fag-end of the session by two paise against the US dollar to close at 72.97 on Friday.&nbsp;Amid weaker domestic equities, the&nbsp;rupee was supported by easing crude oil prices.&nbsp;On Thursday, the rupee extended gains for the third straight session to settle at a near five-month high of 72.99 against the US dollar.&nbsp;

The Reserve Bank of India has said the country has come out of the pandemic crisis and the recovery is getting stronger. The revival in the economy will exceed most for

The Reserve Bank of India has said the country has come out of the pandemic crisis and the recovery is getting stronger. The revival in the economy will exceed most forecasts which will drive the economy towards a &ldquo;glorious summer&rdquo; while throwing open the space for a greater policy support,&nbsp;the&nbsp;Reserve Bank of India said on Thursday.&nbsp;&ldquo;Recent shifts in the macroeconomic landscape have brightened the outlook, with GDP in striking distance of attaining positive territory and inflation easing closer to the target, an article published in the&nbsp;Reserve Bank of India&rsquo;s January bulletin said. The RBI is optimistic that&nbsp;if these movements sustain, policy space could open up to further support the recovery.

Petrol Diesel Price Today: Petrol price scaled to an all-time high in Mumbai and Delhi after state-owned fuel retailers hiked the rates on Friday. 

Petrol price scaled to an all-time high in Mumbai and Delhi after state-owned fuel retailers hiked the rates on Friday. In Mumbai, the price of petrol now stands at Rs 92.04 per litre.
One litre of petrol in Delhi now costs Rs 85.45, as against Thursday&rsquo;s rate of Rs 85.20, according to Indian Oil Corporation, the country's largest fuel retailer.
Diesel price was also hiked on Friday. In the national capital, the price of diesel now stands at Rs 75.63 per litre. The diesel price in Mumbai is Rs 82.40 per litre.
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

A historic day at Dalal Street. The Sensex scaled the record peak on Thursday surging past the 50,000-mark for the first time. The Sensex rose as much as 335 points to 

A historic day at Dalal Street. The Sensex scaled the record peak on Thursday surging past the 50,000-mark for the first time. The Sensex rose as much as 335 points to hit an all-time high of 50,126.73 and Nifty 50 index also moved 14,700 mark for the first time. The domestic indices rose on optimism over the new US President Joe Biden's administration will mean more support for the struggling US economy, setting off a recovery that's crucial for the export-driven Asian region.

Market regulator SEBI gave a go-ahead on Wednesday to Future Group's scheme of arrangement and sale of assets to Reliance. The Bombay Stock Exchange also granted its "n

Market regulator SEBI gave a go-ahead on Wednesday to Future Group's scheme of arrangement and sale of assets to Reliance. The Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,700-crore deal.
Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal. It had pleaded wit the regulators to not grant it a no objection certification on ground that its challenge to the agreement was before the Delhi High Court.
The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August.
While seeking shareholders or the National Company Law Tribunal approval, the SEBI has asked Future Group to specifically mention the litigation pending before the Delhi High Court and arbitration proceedings by the e-commerce major Amazon contesting the deal, the Bombay Stock Exchange stated in its observation letter.
The BSE has also held that SEBI's go-ahead on the draft scheme of arrangement would be subject to the outcome of these proceedings.
"It is observed that there are certain ongoing litigations/arbitration/legal proceedings against the draft scheme," the SEBI said.

Alibaba and Ant co-founder Jack Ma has resurfaced after months out of public view. His appearance at a public event has quashed raging speculation about the plight of t

Alibaba and Ant co-founder Jack Ma has resurfaced after months out of public view. His appearance at a public event has quashed raging speculation about the plight of the billionaire who is under intense scrutiny of the Chinese authorities over his internet empire. Ma addressed scores of teachers in an online conference on Wednesday, part of an annual event the billionaire hosts to recognize the achievements of rural educators. The top executive had kept out of public view since early November, when Chinese regulators torpedoed Ant's $35 billion IPO and subsequently opened an investigation.

Netflix on Tuesday said its global subscribers crossed 200 million at the end of 2020. The streaming giant has projected that it will no longer need to borrow billions 

Netflix on Tuesday said its global subscribers crossed 200 million at the end of 2020. The streaming giant has projected that it will no longer need to borrow billions of dollars to finance its TV shows and movies, news agency Reuters has reported. Netflix shares rose nearly 13% in extended trading on the announcement of the financial milestone. The world&rsquo;s largest streaming service had raised $15 billion through debt in less than a decade. On Tuesday, the company said it expected free cash flow to break even in 2021.
&nbsp;

French&nbsp;oil major&nbsp;Total SE will acquire a 20 percent stake in Adani Green Energy Limited. In a press release, the Gautam Adani-backed company said that Adani P

French&nbsp;oil major&nbsp;Total SE will acquire a 20 percent stake in Adani Green Energy Limited. In a press release, the Gautam Adani-backed company said that 'the investment in AGEL is another step in the strategic alliance between Adani Group and TOTAL.&nbsp;Billionaire Gautam Adani is raising $2.5 billion from a deal.&nbsp;Adani is the latest Indian tycoon to raise money by selling a piece of his empire to an overseas partner. Last year, Mukesh Ambani&nbsp;raised $27 billion from Facebook Inc., Google and private-equity investors for his technology and retail ventures.

The govt has asked WhatsApp to withdraw the recent changes in the privacy policy of the messaging app, saying unilateral changes are not fair and acceptable.
In a stro

The govt has asked WhatsApp to withdraw the recent changes in the privacy policy of the messaging app, saying unilateral changes are not fair and acceptable.
In a strongly worded letter to WhatsApp CEO Will Cathcart, the Ministry of Electronics and Information Technology said India is home to the largest user base of WhatsApp globally and is one the biggest markets for its services.
The proposed changes to the WhatsApp Terms of Service and Privacy Policy "raise grave concerns regarding the implications for the choice and autonomy of Indian citizens," it wrote.
The ministry asked WhatsApp to withdraw the proposed changes and reconsider its approach to information privacy, freedom of choice and data security.

Equity benchmark Sensex plunged 470 points on Monday, tracking losses in index majors&nbsp;Infosys, HDFC and ICICI Bank amid a weak trend in global markets. After a cho

Equity benchmark Sensex plunged 470 points on Monday, tracking losses in index majors&nbsp;Infosys, HDFC and ICICI Bank amid a weak trend in global markets. After a choppy session, the 30-share BSE index ended 470.40 points or 0.96 per cent lower at 48,564.27. Similarly, the broader NSE Nifty tumbled 152.40 points or 1.06 per cent to 14,281.30.&nbsp;
ONGC was the top loser in the Sensex pack, shedding around 5 per cent, followed by&nbsp;Sun Pharma,&nbsp;PowerGrid,&nbsp;Bajaj Finance, IndusInd Bank, Dr Reddy's and Maruti.&nbsp;On the other hand,&nbsp;Reliance Industries, Titan, HDFC Bank and ITC were the gainers.&nbsp;

China&rsquo;s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and 

China&rsquo;s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and was poised to expand further this year even as the global pandemic raged on.
Though, the 2.3% expansion is the lowest since the Chinese economy embarked on major reforms in the 1970s, but the world&rsquo;s second-largest economy has surprised many with the speed of its recovery from last year&rsquo;s coronavirus jolt, especially as policymakers have also had to navigate tense US-China relations on trade.

According to the report by Mint, around 20 million organised sector employees dipped into their retirement corpus and withdrew more than&nbsp;₹73,000 crore from the Emp

According to a report by Mint, around 20 million organised sector employees dipped into their retirement corpus and withdrew more than&nbsp;₹73,000 crore from the Employees Provident Fund Organization&nbsp;in the nine months ended 31 December. The figure reflects the hardship the salaried class faced amid the&nbsp;covid-19 crisis&nbsp;in 2020. In comparison, according&nbsp;to the EPFO&nbsp;annual day report for FY19, the EPFO&nbsp;had settled 16.37 million claims for the full year worth ₹ 81,200 crore.&nbsp;

&nbsp;
WhatsApp announced delaying by three months the implementation of a new privacy policy that has faced massive backlash with tens of millions of its users moving

WhatsApp announced delaying by three months the implementation of a new privacy policy that has faced massive backlash with tens of millions of its users moving from the platform to rivals like Signal and Telegram. The policy change was originally scheduled to come into effect on February 8, the Facebook-owned company said. It has clarified that the update does not affect data sharing with Facebook with regard to personal conversations or other profile information and only addresses business chats in the event a user converses with a company's customer service platform through WhatsApp. WhatsApp now says it is now going to use the three-month delay to better communicate both the changes in its new policy and its long-standing privacy practices.

Snapdeal, one of India's largest e-commerce platforms, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest 2020 Review

Snapdeal, one of India's largest e-commerce platforms, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest US list of Notorious Markets for Counterfeiting and Piracy. The four Indian markets that have found mention in the list are Heera Panna in Mumbai, Kidderpore in Kolkata and Palika Bazaar and Tank Road in Delhi. The 2020 Review of Notorious Markets identifies 39 online markets and 34 physical markets that are reported to be engaged in or have facilitated substantial trademark counterfeiting and copyright piracy.&nbsp;

The United States on Thursday announced new rules to block purchases of technology and communication equipment from five "foreign adversaries" including China. Departme

The United States on Thursday announced new rules to block purchases of technology and communication equipment from five "foreign adversaries" including China. Department of Commerce announced a new rule aimed to ensure the security of the supply chain for Information and Communications Technology and Services (ICTS). Apart from China the department also named Russia, Iran, North Korea, Cuba and Venezuela as adversaries. The Commerce Secretary said that by securing the ICTS supply chain, American citizens and businesses will be protected against the &lsquo;vulnerabilities that could undermine the confidentiality, integrity, and availability of their personal information or sensitive data by malicious foreign adversaries&rsquo;

New York City declared on Wednesday that it will cut business ties with the Trump Organization, and at least two companies made similar moves, citing the storming of th

New York City declared on Wednesday that it will cut business ties with the Trump Organization, and at least two companies made similar moves, citing the storming of the US Capitol last week by a crowd that President Donald Trump had egged on.&nbsp;&ldquo;The president incited a rebellion against the United States government that killed five people and threatened to derail the constitutional transfer of power,"&nbsp;Mayor Bill de Blasio said in a statement. He added, &ldquo;The city of New York will not be associated with those unforgivable acts in any shape, way or form."

Competitive pricing between OTT players in India is now heating up. Airtel in partnership with Amazon has now launched an exclusive Prime Video Mobile Edition plan with

Competitive pricing between OTT players in India is now heating up. Airtel in partnership with Amazon has now launched an exclusive Prime Video Mobile Edition plan with prices starting from ₹89. It is a single-user mobile-only plan, that allows Airtel users to stream Amazon Prime videos in SD quality. As part of the launch in India, all Airtel customers on bundled prepaid plans can avail a 30-day free trial by just signing up to Amazon from the Airtel Thanks app. There's a catch however. An user who signs up for this mobile-only plan will not get other Amazon Prime benefits. They will only be able to watch movies, shows and other videos. Prime benefits provided by Amazon Prime Video, like multi-user access, streaming across devices including Smart TV and the ability to enjoy content in HD/UHD, ad-free, won&rsquo;t be available with this plan.

Messaging service Telegram said it has added 25 million new users over the past 72 hours, days after it surpassed the 500 million monthly active user mark. The surge in

Messaging service Telegram said it has added 25 million new users over the past 72 hours, days after it surpassed the 500 million monthly active user mark. The surge in new users took place after Facebook-owned messaging service WhatsApp rolled out a new policy outlining terms through which it could transfer data to its parent company. The new users are from across the globe &ndash; 38 percent from Asia, 27 percent from Europe, 21 percent from Latin America and 8 percent from&nbsp;&nbsp;Middle East and North Africa, the company said in a statement.

India&rsquo;s biggest online-education startup Byju&rsquo;s has signed a deal to acquire brick &amp; mortar test prep leader Aakash Educational Services Ltd. for $1 bil

India&rsquo;s biggest online-education startup Byju&rsquo;s has signed a deal to acquire brick &amp; mortar test prep leader Aakash Educational Services Ltd. for $1 billion. According to the reports, the deal for what will be one of the largest edtech acquisitions in the world should close in the next two or three months.&nbsp;Bangalore-headquartered Byju&rsquo;s is valued at $12 billion and has been on a fund-raising spree as the pandemic has sent demand for its online lessons soaring.&nbsp;

US electric car giant Tesla has finally made its entry in India and registered as a company in Karnataka's Bengaluru. Chief Minister BS Yediyurappa confirmed the news o

US electric car giant Tesla has finally made its entry in India and registered as a company in Karnataka's Bengaluru. Chief Minister BS Yediyurappa confirmed the news on twitter and welcomed CEO Elon Musk to the country and his state. The carmaker has set up an R&amp;D unit in Bengaluru, the chief minister said. "Karnataka will lead India's journey towards Green Mobility. Electric Vehicle Manufacturer Tesla will soon start its operations in India with an R&amp;D unit in Bengaluru. I welcome Elon Musk to India and Karnataka and wish him all the very best," Yediyurappa tweeted. The company is also in touch with as many as five state governments, including Maharashtra, Gujarat, Tamil Nadu and Andhra Pradesh, to set up operations in the country.

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Markets trade flat, IT and select Autos see gains

Nov 30, 2018 12:19 IST

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