Skip to content
Ril ‘regrets’ being drawn into the Zee-Invesco controversy;  It Majors Post Second Quarter Results and More


Tech-major Infosys reported a net profit of Rs 5,421 crore, beating the expectations of the streets by more than 3%. Reliance Industries said on Wednesday that it regrets being drawn into the ongoing dispute between Zee Entertainment and Invesco, and that media reports around its offer for Zee were inaccurate. Prime Minister Narendra Modi has launched a Rs100 lakh crore national master plan for multimodal connectivity which aims to develop infrastructure to reduce logistics costs and boost the economy. For all those stories and everything, here’s some news of the day

BUSINESS

Infosys net profit exceeds Street estimates

Tech-major Infosys reported a net profit of Rs 5,421 crore, beating the expectations of the streets by more than 3%. Its revenues met expectations while margins increased by 120 basis points.

Wipro profit grows 19% year-on-year

IT major Wipro reported a 19% increase in its consolidated net profit to Rs 2,930 crore for the second quarter ended September 2021. Its operating income rose 30% to Rs 19,667 crore. View details

Had made a fair offer to Zee; never resort to hostile takeovers: Reliance Industries

Reliance Industries said on Wednesday that it regrets being drawn into the ongoing dispute between Zee Entertainment and Invesco, and that media reports around its offer for Zee were inaccurate. Read on

MARKETS

Tata Motors shares explode

Shares closed up 20%, hitting a 52-week high after the company announced that US private equity TPG Capital will invest Rs 7,500 crore in the company’s new electric vehicle subsidiary. Dig deeper

Reliance Industries shares jump in wave of acquisitions

Shares of Reliance Industries rose nearly 1% to an intraday high of Rs 2,677.55 after two acquisitions were announced Tuesday after market hours.

Sensex and Nifty close at record levels

India’s benchmark stock indexes hit record highs during Wednesday’s session and closed nearly one percent higher on buying across sectors. The 30-stock Sensex closed at a record high 60,737, as it rose 488 points and the Nifty50 index jumped 169 points to end at 18,161.

INDIA

Former Prime Minister Manmohan Singh admitted to AIIMS; Congress says “routine treatment”

Former Prime Minister Manmohan Singh was admitted to the Indian Institute of Medical Sciences (AIIMS) on Wednesday evening after complaining of weakness following a fever. continue reading

India to play a key role in Joe Biden’s meeting on ransomware attacks; All you need to know

India will be one of the countries leading discussions on measures to combat ransomware attacks at a meeting chaired by the Joe Biden administration. Read on

PM Narendra Modi unveils GatiShakti national master plan to strengthen infrastructure

Prime Minister Narendra Modi on Wednesday launched a Rs 100 lakh crore national master plan for multimodal connectivity that aims to develop infrastructure to reduce logistics costs and boost the economy. Read on

WORLD

US becomes biggest bitcoin mining hub as China ban bites

The United States has overtaken China to account for the largest share of the world’s bitcoin mining, according to data released Wednesday by Britain’s Cambridge Center for Alternative Finance. Read on

Explained: Phthalates, the “chemicals everywhere” linked to 1 lakh of premature deaths in the US each year

Often referred to as “chemicals everywhere,” this group of toxins can be found in toys, clothing, furniture and children’s food storage containers, said the study published in the peer-reviewed journal Environmental Pollution. October 12. Read on

Why countries have different results for similar vaccines

In countries like the UK, Denmark and Germany, deaths from COVID-19 have fallen to less than 10% of their previous peaks. But at the same time, countries like the United States and Israel have seen only a moderate drop of less than 50% in death rates. Read on

YOU & me

Samsung Galaxy Watch Classic review: The Apple Watch challenger, finally!

Apple Watch has been the undisputed king of smartwatches since its launch in 2015. But Samsung rocked before Apple even started, and its Tizen-based Galaxy Watch line has perhaps been the most viable rival. here’s why

September car sales: Maruti Alto in the lead, Kia Seltos at no. 3; discover the top 10

India’s auto sector is showing positive signs as the country experiences a global economic recovery. Take a look at the best-selling car models in India, according to data compiled by AutoPunditz. Here is an overview

(Edited by : Yashi Gupta, Aditi Gautam)

First publication: STI

.


cnbctv18-forexlive-benzinga