Thursday, October 28, 2021


IBM to acquire enterprise software firm Turbonomic for up to $2B

Turbonomic provides businesses with its ARM software that simultaneously optimizes the performance, compliance, and cost of applications in real-time.

Rupee opens on flat note against US dollar

On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 369.13 points or 0.74 per cent lower at 49,396.81.

Sensex tanks 400 points in early trade; Nifty slips below 14,800

HDFC Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by HDFC, ICICI Bank, Bajaj Finserv, Titan, Kotak Bank and SBI.

Amazon’s profits soar as online shopping surges amid pandemic

Net income increased to $8.1 billion in the March quarter, compared with net income of $2.5 billion in the first quarter of 2020, showing how millions of people now shop on the platform as pandemic continues to ravage the retail sector.

Hyderabad-based ‘The Phi Factory’ makes oxygenerator

Medical grade oxygen available for Rs 2,500 and refill costs Rs 1,500; prototype ready

Coromandel International Q4 net profit dips over 33pc

Hyderabad-headquartered company logs net profit of Rs 1,329 crores for FY21 compared to Rs 1,065 crores in the previous fiscal, an increase of 25 per cent

Hindustan Unilever reports 13% rise in Q4 net

The company's focus firmly remains behind delivering volume-led competitive growth, Mehta added.

Tatas deal to buy stake in BigBasket gets CCI approval

Under the deal, Tata Digital Ltd (TDL) will purchase up to 64.3 per cent of the total share capital of Supermarket Grocery Supplies Pvt Ltd (SGS) as well as SGS sole control over Innovative Retail Concepts Pvt Ltd.

Biocon Q4 net profit surges 86%

Total income of the company rose by 26.13 per cent to Rs 2,044.1 crore as against Rs 1,620.6 crore for the same period year ago, the company said in a regulatory filing.

Portfolio manager to obtain prior approval of Sebi in case of change in control 

The postgraduate programme from NISM (National Institute of Securities Market) should not be less than one year duration.

Byju’s raising $150 mn in funding from UBS 

Launched in 2015, Byju's has over 80 million students cumulatively learning from the app, 5.5 million annual paid subscriptions, and an annual renewal rate of 86 per cent.

‘Post Covid world looks promising for India’s food processing industry’ 

It also recommended government partnership with private players through appropriate PPP models to ensure a faster scale up of quality infrastructure in line with industry requirements.

iPhone 12 drives Apple smartphone sales to new levels

"The iPhone 12 is the most popular. But we did see very strong sales of the Pro portion of the family as well, the Pro Plus the Pro Max," Apple CEO Tim Cook said during the earnings call on Wednesday.

Laurus Labs registers multi-fold growth

Hyderabad-based company’s revenues for FY21 stood at Rs 4,814 crore, up 70 per cent Y-o-Y while its profit jumped 286 per cent to Rs 984 crore Y-o-Y

India’s Q1 gold demand surges 57% to touch Rs 59,000 crores  

Total jewellery demand during Q1 2021 was up by 39 per cent at 102.5 tonnes as compared to 73.9 tonnes in Q1 2020. The value of jewellery demand was Rs 43,100 crores, registering a rise of 58 per cent from Rs 27,230 crore in Q1 2020.

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