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Facebook's messaging service WhatsApp on Wednesday launched a new feature to make it possible to search for businesses within its app for the first time, according to a report by Reuters. The test in São Paulo, Brazil, which allows WhatsApp users to find shops and services through a directory in the app, is the latest feature in Facebook's drive to bolster ecommerce on its services. "This could be ... the primary way that people start a commerce process in WhatsApp," Matt Idema, Facebook's vice president of business messaging, said in an interview this week. WhatsApp, unlike Facebook and In
India's coal-fired electricity generation so far this month fell 1.5% from year earlier, while power output from renewable energy jumped 53.6%, a Reuters analysis of government data showed. The slowdown in coal-fired power output and a pickup in renewable energy generation could provide relief to utilities across the country which are struggling with a coal shortage, forcing India to ask power plants to import coal. Overall electricity generation growth slowed to 1% in the first half of September, a review of daily load despatch data by federal grid regulator POSOCO showed, much slower t
Even as the Indian equity markets scaled fresh peaks, the market capitalization of companies in the Bombay Stock Exchange (BSE) reached Rs 260.78 lakh crore, said Ashish Kumar Chauhan, an Indian business executive. Ashish Kumar Chauhan took to his official Twitter and wrote, "Market capitalization of listed companies on BSE at Rs 260.78 lakh crore, INR :USD exchange rate at Rs 73.51 per Dollar, India crossed market cap of USD 3.54 trillion today Sept 16, 2021. Perhaps, the 5 th highest market capitalization country in the world."
The Board of Directors of ZEE Entertainment Enterprises Limited, the leading Content Company, have strongly condemned the allegations made by certain proxy advisory firms against its former Non-Executive Directors, Ashok Kurien and Manish Chokhani. As disclosed by the Company to the stock exchanges, the above directors decided to step down from the Board due to their personal reasons and to pursue their interests beyond the confines of a boardroom. Under the mentorship of Mr. Chokhani and Mr. Kurien, along with all the members of the Board, the interest of the shareholders has always been p
By Dhirendra Tripathi Investing.com – Dutch Bros ' (NYSE: ) second day of trading on the NYSE saw the stock double from the issue price before it gave up some of the gains. It traded 19% higher at $43.50 as of 10:55 AM ET Thursday, with 89% gains from the issue price of $23. The coffee drinks retailer made a profit of $6.3 million on sales of $404.5 million for the 12 months ended June 30. Founder Travis Boersma is the largest shareholder of the company, followed by private equity group TSG Consumer Partners. The company’s key rivals include Starbucks (NASDAQ: ), Dunkin’ and Peet’s Coffee
have become richer by over Rs 4.46 lakh crore in three days of market rally where the benchmark Sensex scaled the 59,000-mark for the first time on Thursday, driven by various reform measures. In its third consecutive session of gain, the 30-share BSE index jumped 417.96 points or 0.71 per cent to its new closing peak of 59,141.16. During the day, it zoomed 481.09 points to its all-time high of 59,204.29. In three days, the benchmark has gained 963.4 points. Helped by the record rally in equities, the market capitalisation of BSE-listed companies jumped Rs 4,46,043.65 crore in three days to
By Alex Lawler LONDON (Reuters) -Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to U.S. production from Hurricane Nicholas receded. U.S. companies have been able to restore pipeline service and electricity quickly after Hurricane Nicholas passed through Texas, allowing them to focus on efforts to repair the damage caused weeks earlier by Hurricane Ida. Brent crude was down 39 cents, or 0.5%, at $75.07 a barrel by 1342 GMT. On Wednesday Brent touched $76.13, its highest since July 30. U.S. West Texas Intermediate (WTI) slipped by 19
Pointing out the growing number of AIFs, Sebi Chairperson Ajay Tyagi said on Thursday that the last financial year saw 90 new AIFs getting registered with the regulator under different categories, taking the total number to more than 700. Markets regulator Sebi is planning to carve out a separate category in Alternative Investment Funds (AIF) whereby such entities can purchase distressed loans from banks and NBFCs. Pointing out the growing number of AIFs, Sebi Chairperson Ajay Tyagi said on Thursday that the last financial year saw 90 new AIFs getting registered with the regulator under diff
The issuance comprised two tranches of bonds having tenures of 5.5 years and 10.5 years, each for an amount of USD 500 million. JSW Steel on Thursday said it has raised USD 1 billion through issuance of Sustainability Linked Bonds (SLBs) in the overseas market. In a statement, JSW Steel said it has become the first company in the steel sector globally to issue a USD-denominated Sustainability Linked Bonds (SLBs). “The company raised a total of USD 1 billion in the USD bond markets through a RegS/144A issuance which was subscribed by high quality institutional investors across Asia, Middle E
ETMarkets.com The domestic equity market traded much stronger than expected on the day of weekly options expiry on Thursday. The indices not only stayed resilient compared with their global peers, but went on to add incremental gains to end at yet another lifetime high levels. Nifty saw a quiet start to the day. After trading with minor gains in the opening trade, the index slipped momentarily into the negative zone, as it marked the low point of the day. It soon crawled back inside the positive territory. The index kept on rising from there and stayed in a upward rising trajectory throughout
ET Intelligence Group: Coal India's performance is improving across key parameters -- dues from power utilities are at a 16-month low and sales through e-auction which earns high realization are at a three-year high. While in the past, the stock has been less in demand since institutional investors tend to reduce exposure to companies related to fossil fuels, value investors may find the stock attractive given the company’s higher capital
Representative Image Facebook is taking a more aggressive approach to shut down coordinated groups of real-user accounts engaging in certain harmful activities on its platform, using the same strategy its security teams take against campaigns using fake accounts, the company told Reuters. The new approach, reported here for the first time, uses the tactics usually taken by Facebook's security teams for wholesale shutdowns of networks engaged in influence operations that use false accounts to manipulate public debate, such as Russian troll farms. It could have major implications for how the
Virat Kohli Surpasses MS Dhoni To Register Most Test Wins As India Captain (Image: Reuters) The Board of Control for Cricket in India (BCCI) on Thursday announced that Virat Kohli has decided to step down as captain of the T20I after the upcoming ICC Men's T20 World Cup, 2021. "Kohli will continue to be available for selection for the T20 format post the upcoming ICC event in 2021, which is hosted by the BCCI in UAE and Oman," said BCCI statement. In his statement, Kohli said, “I have been fortunate enough to not only represent India but also lead the Indian Cricket Team to my utmost capabi
The Union Cabinet's decision to approve a government guarantee of up to Rs 30,600 crore for security receipts to be issued by National Asset Reconstruction Company Ltd (NARCL) is a welcome step as this would reduce the burden of unwanted assets on banks and improve their balance sheets, say market experts. That apart, the move is also expected to improve credit offtake, which may lead to a gap-up opening for Bank Nifty on Friday, they feel. Let's take a look at how market experts interpret the development - "This is a welcome decision for banks as this would help in losing off its baggage u
business Your money matters | How to strike a balance between saving & spending With abundant spending options for millennials, how can we strike a balance between spending and saving for the future? Lets find out the ways to make saving fun with Mrin Agarwal, founder of Finsafe India in the first episode of Moneycontrol’s personal finance series - 'Your Money Matters'
The benchmark indices ended at fresh record closing high, outperforming broader markets. The BSE Sensex rallied 417.96 points to 59,141.16, while the Nifty50 jumped 110 points to 17,629.50 and formed a bullish candle on the daily charts. The market hit yet another record high with the Nifty50 scaling 17,600 and BSE Sensex 59,000 levels for the first time on September 16, as the government announced further measures to support telecom, banks, and auto sectors that boosted the confidence of investors. The rally was led by banking & financials, FMCG, telecom, and select auto stocks. The benchma
By Dhirendra Tripathi Investing.com – Lucid stock (NASDAQ: ) rose 4.5% Thursday as its Air Dream Edition 19-inch wheel secured a rating of 520 miles from the Environmental Protection Agency, making it the longest-range EV ever rated by the body. The company claims the EV delivers at least 100+ miles of additional range over its closest competitor. The longest-range Tesla (NASDAQ: ), the Model S Long Range Plus, counts as the nearest rival though Lucid didn’t name it. The Air Dream Edition with 19-inch wheels is likely to cost $169,000 at least. A cheaper base model is expected next year, ac
Indian markets extended gains and hit fresh record high once again on Thursday. The PLI schemes for the auto sector, relief package for telecom and the anticipated announcement of guarantees for the bad bank were key factors driving markets higher. The Sensex hit 59000-mark for the first time ever . The 30-share index was up 417.96 points or 0.71% at 59,141.16. The Nifty closed gained 110.05 points or 0.63% at 17,629.50. Asia-Pacific stocks were largely lower on Thursday, with Shanghai composite in China declining 1.34%, while Hong Kong’s Hang Seng index declined 1.46% and the Nikkei in Japa
The Securities and Exchange Board of India (Sebi) has taken certain initiatives and some more are in the pipeline. (File) Sebi chief Ajay Tyagi on Thursday said several reforms are in the pipeline to deepen the bond market, including creating a set of “market makers” and setting up a backstop facility to purchase investment grade debt securities in stressed as well as normal times. Market makers are entities that quote both a buy and a sell price for corporate bonds in order to create liquidity in the secondary market for such bonds. The other major reform in the pipeline is setting up of a
Poonawalla Fincorp Ltd.'s Managing Director and Chief Executive Officer Abhay Bhutada resigned on Thursday following the market regulator's allegations of insider trading against him. Vijay Deshwal, group CEO of the non-bank lender, will continue to run its operations. The Securities and Exchange Board of India on Wednesday passed an interim ex-parte order against Bhutada and seven other individuals for trading in securities of Magma Fincorp Ltd. while in possession of unpublished price sensitive information. Bhutada, on Sept. 15, denied all allegations in the order, including receiving any
TVS Motor Co. agreed to acquire majority stake in a European mobility firm—its second such in as many years—as it looks to boost its foray into battery-powered vehicles. The company’s Singapore subsidiary, TVS Motor Singapore Pte. Ltd., will buy into Switzerland-based EGO Movement in an all-cash deal, it said in an exchange filing. The deal amount wasn't disclosed. EGO Movement, with presence in Switzerland and Germany, offers a portfolio of bikes, cargo bikes, and scooters—all electric. In April 2020, TVS Motor had acquired U.K.-based Norton Motorcycles. “We’re building a strategic persona
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