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Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended mixed on Wednesday, a day ahead of the monthly FO expiry session. SP BSE Sensex scaled a new all-time high of 56,198 but closed with marginal losses at 55,944. NSE Nifty 50 ended in the green, gaining 0.06% at 16,634. Bank Nifty failed to hold intra-day highs of 35,910 and closed 0.35% lower at 35,586. Broader markets, except Nifty Midcap 50, closed with gains. Among the top gainers on Sensex TCS, gaining 1.42%, followed by Infosys, Reliance Industries, and HUL. On the other hand, Bajaj Finserv was down 2.29% as the top Sensex laggard, followed by Titan, Maruti Suzuki, and Bharti Airtel.
Diversified gaming and sports media platform Nazara Technologies Limited has acquired a 100% stake in Hyderabad based skill gaming company OpenPlay for a total consideration of Rs 186.4 crores. The OpenPlay acquisition offers an opportunity for Nazara to build a network of skill gaming destinations operating on one common tech platform, Manish Agarwal, CEO, Nazara, said. OpenPlay operates a multi-game consumer gaming platform under the As per the company, OpenPlay currently has an annualised gross gaming revenue runrate of Rs 80 crores and is operating on EBIDTA positive margins. With its recent launch of influencers hosted skill gaming tournaments, the company is poised to grow its user base at rapid pace in coming quarters. OpenPlay is led by Sreeram Reddy Vanga who is a serial entrepreneur in the global online gaming industry. Prior to this, Vanga founded and led CozyGames to become the second largest Bingo network in the UK before being acquired. He was also part of the early team at PartyGaming which went IPO on the London Stock Exchange in 2005. The These companies include Nodwin Gaming and Sportskeeda in Esports NextWave Multimedia, developer of World Cricket Championship (WCC), and Paper Boat Apps, developers of popular gamified early learning app Kiddopia. Read Also: Why it is important to protect consumer interest in a digital world Follow us on Twitter,Instagram,LinkedIn,Facebook
Tech giant Apple has launched a service programme for iPhone 12 and iPhone 12 Pro devices facing sound issues. The Cupertino-based company has acknowledged user complaints regarding problems with the speaker during calls, and said the issue was only plaguing devices manufactured between October 2020 and April 2021. This is Apples first service programme for the iPhone 12 series, which first hit the shelves in October. Apple has announced that users facing problems would be able to get their phone serviced for free and has also set up a support page for No Sound Issues. The programme will only be extended to iPhone 12 and iPhone 12 Pro devices, manufactured between October 2020 and April 2021. The service programme has excluded the iPhone 12 mini and iPhone 12 Pro Max devices. Apple has announced that the programme would cover iPhone 12 or iPhone 12 Pro devices that have been affected for a two-year period post retail sale. According to Apple, the problem might arise due to failure of a component in the receiver module. According to the service programme page that Apple has set up: Apple has determined that a very small percentage of iPhone 12 and iPhone 12 Pro devices may experience sound issues. If your iPhone 12 or iPhone 12 Pro does not emit sound from the receiver when you make or receive calls, it may be eligible for service. The company has suggested that users of iPhone 12 and iPhone 12 Pro devices affected by the problem find an authorised service provider, get an appointment at a retail store, or get in touch with Apple Support for mail-in service. Apple has also recommended backing up the data on the iPhone before repair. It has also said any other damage such as cracked screen and other issues that might hinder the repair work would have to be fixed before. The worldwide programme, however, does not extend devices standard warranty coverage. Apple has also said that it might restrict repair to the region of purchase or original country.
Storage battery major Exide Industries is exploring all the possible options to get into cell manufacturing for lithium-ion batteries. For this new venture, the company is awaiting fine print and details of the Production Linked Incentive (PLI) scheme as the government has recently approved the scheme for manufacturing advanced chemistry cell (ACC) battery in the country. This could be the first indigenous Lithium-ion cell manufacturing facility in India, if Exides plan materialises. The company is Later, talking to reporters during a virtual press meet, Chakraborty said, We were previously considering and evaluating the prospects of cell manufacturing in India. We are right now exploring all the possible options. As you are also aware the PLI scheme has not yet been floated for batteries, as and when it is floated, we will take a keen look at it and evaluate that whether we will go forward on that or not. ACCs are essentially lithium-ion cells, essential for developing electric vehicles and power storage. According to Chakraborty, the ballpark figure for minimum investment needed for cell manufacturing facility for lithium-ion batteries is around $100 million (Rs 700 crore) for per giga watt hour (GWh). Eyeing India Lithium-ion battery module and packing facility of the JV company, Exide Leclanche Energy, is in Gujarat. It is a 1.5 GWh facility. Exide Industries invested around Rs 192 crore up to March 31, 2021, in the Gujarat facility. This fiscal, the company has invested Rs 40 crore more in this facility. Equity shareholding of Exide in the JV company stands at 82.71% of the total paid-up share capital in April. It is very flexible and diversified unit. We have more than 100 OEMs (original equipment manufacturers) and utility companies, who have shown keen interests even during the pandemic, Currently, the plant is not 100% functioning. We expect the plant to be functioning fully by the end of this fiscal.81 crore for the first quarter this fiscal, as against a net loss of Rs 13.56 crore in the same period of the last fiscal. Revenue from operations rose to `3,542.63 crore during the quarter from Rs 2,526.11 crore in the first quarter of FY21.
ITC Ltd. Through the new campaign, the brand wants to highlight the presence of glucose in Sunfeast Bounce cr While the TVC is on air across leading channels in Hindi, the campaign will also be supported by a host of digital activations and BTL activities across core target markets. Additionally, the brand will especially focus on four regional markets including Uttar Pradesh, Maharashtra, Bihar, and Orissa. The TVCs show a mother who asks Her question draws everyone The film ends with the protagonist Moreover, recent consumer immersions have shown that mothers are looking forward to products that come with added goodness, he noted. Sunfeast Bounce is known for delighting its core TG, children with delightful range of cr Encouraging consumer response has enabled the brand to become the market leader in the cr With this campaign we look forward to empower consumers by providing something more meaningful, especially to the mothers, Read Also: iQOO celebrates the indomitable spirit of para athletes Follow us onTwitter,Instagram,LinkedIn,Facebook
Two Naxals were killed in an encounter with security forces in Chhattisgarhs Sukma district on Tuesday, a police official said. The gunfight took place at around 8 am in a forest near Gompad and Kanhaiguda villages under Konta police station limits, over 450 km from the state capital Raipur, when a joint team of security forces was out on an anti-Naxal operation, Sukma Superintendent of Police Sunil Sharma told PTI. Personnel belonging to the District Reserve Guard (DRG), the Central Reserve Police Force (CRPF) and its elite unit Commando Battalion for Resolute Action (CoBRA) were involved in the operation, that was launched based on the movement of Naxals in the interiors of Konta, he said. After guns fell silent, bodies of two male Naxals along with weapons and explosives were recovered from the spot, he said. Blood stains found at the site indicated that many other Naxals were either injured or killed in the face-off, but the rebels managed to take them inside the forest, the official said. The identity of the killed ultras was yet to be ascertained, but prima facie, one of them seemed to be Kawasi Hunga, who was active as the Konta area LOS (local organisation squad) commander of Maoists, he said. Search operation was still underway in the area, he added.
The board of directors of Ujjivan Small Finance Bank on Wednesday approved the appointment of Carol Furtado as the officer on special duty (OSD). Furtado, who will be handling day-to-day operations from August 26, will be serving as the OSD until outgoing MD CEO Nitin Chugh is in office. Furtado will take charge as the interim CEO, subject to RBI approval, after September 30. She was the CEO of Ujjivan Financial Services, the promoter of Ujjivan SFB. Talking to FE on August 20, Ujjivan founder Samit Ghosh had said Furtado is the top candidate to become the interim CEO of the bank. In a stock exchange filing on Wednesday, the bank said its board The board of Ujjivan SFB, in parallel, will evaluate Ghosh, the common director on Ujjivan SFB and Ujjivan Financial Services, said, I am sure she will lead us out of this Covid crisis with flying colours. We do not foresee any near-term major issues in the portfolio quality of the bank. With the provision coverage ratio of 75%, the highest in the industry, we are very well positioned. We are confident of strengthening the organisation and emerge as a stronger Ujjivan.\u201d
Engineering major Larsen Toubro (LT) on Thursday said it has completed the hiring of more than 1,800 freshers through campus recruitment. The new hires include graduate engineers, post-graduate engineers, chartered accountants, diploma holders, management graduates and non-engineering graduates. Its group companies Larsen Toubro Infotech (LTI), LT Technology Services, Mindtree and LT Financial Services have their separate recruitment for freshers. The companys campus recruitment team visited top educational institutes including IITs, NITs, government and top private colleges. The recruitment team reached out to 300-plus colleges with over 36,000 applications pouring in from candidates, LT said in a statement. The company conducted more than 8,000 interviews virtually during this pandemic, ensuring COVID-appropriate behaviour. We are leveraging digitalisation in all our functions including HR and emphasising reskilling our workforce to suit Gen-Next technologies. Our philosophy of merit-based hiring from Indias top educational institutions has been always providing us with an edge in further turning the trainees into future leaders, the companys MD and CEO S N Subramanyan said. The entire campus recruitment process for 2021, from inviting applications, conducting the assessments, personal interviews, release of offer letters, verification of documents to completion of joining formalities – was done on an inhouse platform developed by LT Edutech. The candidates onboarding was also completely virtually. The virtual reality platform was used to impart a 3D learning experience and introduce LT to these trainees. Out of the 1,800 freshers, 1,100 graduate and post-graduate engineers joined on one single day. A well-crafted, 20-day induction programme is being run for these youngsters in a virtual mode with the help of online platforms to bring in a diversity of methodology and enhance the engagement level, it added.
The success of every government and organisation in the coming days will be measured by their ability to move quickly and easily in the swift deployment of efficient and effective information technology (IT) systems and solutions, the Comptroller and Auditor General of India Girish Chandra Murmu said on Wednesday. Secure and reliable IT system has also entailed massive and rapid investments by governments and organizations to procure and implement IT hardware and systems, Murmu said virtually inaugurating the International Organisation of Supreme Audit Institutions (INTOSAI) Working Group on IT Audit on Wednesday. CAG is the Chair of the INTOSAI Working Group on IT Audit (WGITA). The CAG informed that taking cognizance of these challenges and opportunities, India has already embarked on its enterprise-wide audit process automation and knowledge management system and is increasingly embedding data analysis using advanced tools and techniques into its audit domain. As an organisation, we need to converge all previous accomplishments in data analytics, IT-related initiatives, Information System audits, related skills and competency building to bring in synergy and efficiency in our efforts in leveraging IT and towards achieving digital transformation in SAI India, he added. Murmu informed that India
Automatic Coach Washing Plants: Indian Railways takes eco-friendly step to reduce time, water and man power to complete the washing process of trains! The Western Railway zone has said that it has always encouraged greener and eco-friendly technology in various ways, be its efforts through Indian Railways Push and Pull project or through installation of solar panels in order to save energy and conserve the environment. In continuation to these eco-friendly efforts, two Automatic Coach Washing Plants (ACWPs) have been commissioned by the Western zonal railway recently at Bandra Terminus Coaching Depot and Gandhidham Coaching Depot. The ACWP helps in reducing water, time as well as man power to complete an entire trains washing process effectively. According to a statement issued by Western Railways, due to these plants automation and efficiency, it is expected that the move will lead to savings of an estimated amount of Rs 50 lakhs per year in external washing cost for the coaching depots. According to Western Railways, the Automatic Coach Washing Plants at Gandhidham Coaching Depot and Bandra Terminus Coaching Depot have automatic tracking of train movement as well as washing speed of 5 to 8 km per hour. The ACWP requires a maximum of 60 litres of fresh water per coach, which is 80 per cent less as compared to manual washing of coaches. The plants intake of fresh water is only 20 per cent, besides 80 per cent of water utilized for train washing is recycled in each washing cycle, the zonal railways further stated. The newly commissioned Automatic Coach Washing Plants are extremely efficient in utilization of water and time since the end-to-end cycle time for washing a train of 24 coaches is just merely 10 minutes. The Automatic Coach Washing Plant commissioned at coaching depots is an eco-friendly and cost-effective option and also, its a great step towards automation in maintenance of trains, the Western Railway added.