Benchmark Sensex surged over 300 points in early trade on August 11 tracking gains in index-heavyweights ICICI Bank, HDFC twins and Infosys amid sustained foreign fund inflow and firm cues from global markets. … [Read more...] about Sensex jumps over 300 points in early trade, Nifty tops 11,350
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Infosys amid sustained foreign fund inflow and firm cues from global markets.The BSE Sensex was trading 342.50 points or 0.90 per cent higher at 38,524.58; while the NSE Nifty was up 101.75 points or 0.90 per cent at 11,371.90. Axis Bank was the top gainer in the Sensex pack, rising nearly 3 per cent, followed by Tata Steel, ICICI Bank, HDFC, PowerGrid, Tech Mahindra and SBI. On the other hand, Titan, Sun Pharma, Bharti Airtel and Reliance Industries were among the laggards. In the previous session, the Sensex had settled 141.51 points or 0.37 per cent higher at 38,182.08. The NSE Nifty climbed 56.10 points or 0.50 per cent to close at 11,270.15. Exchange data showed that foreign institutional investors bought equities worth Rs 302.88 crore on a net basis on Monday. According to traders, market sentiment strengthened tracking gains in other Asian indices ahead of virtual trade talks between the US and China at the end of the week. Consistent foreign fund inflow too buoyed investor … [Read more...] about Sensex jumps over 300 pts in early trade; Nifty tops 11,350
On August 2, Microsoft had said that its CEO Satya Nadella had spoken to President Trump about a possible TikTok acquisition, which would include TikTok operations in the US, Australia, Canada, and New Zealand. Microsoft is planning to wrap the talks by September 15th. … [Read more...] about Twitter and TikTok have had preliminary talks about a merger: Report
General Motors Co's chief financial officer Dhivya Suryadevara, jumped ship on Tuesday for Silicon Valley and the technology sector, where she was named CFO of Stripe, the online payments startup.Suryadevara's journey from the Midwest to California underscores the chasm between old school manufacturing and new age tech. Stripe was founded in 2009; GM is 100 years older. GM reported revenue of $137 billion last year; Stripe in 2018 reported revenue of $529 million. GM has 164,000 employees; Stripe has 2,800. GM has a market cap of $42 billion; Stripe is valued at $36 billion, according to investor website PitchBook, and has raised nearly $2 billion from investors.Suryadevara, who was GM's CFO for just under two years, was held in high regard by Wall Street analysts, who had speculated on her potential to secure a chief executive officer position outside the auto industry.Her GM compensation package last year totaled $6.8 million. Stripe did not say how much she would be paid.In a … [Read more...] about Top industry exec, General Motors’ Suryadevara, jumps to tech startup Stripe
Founded in 1816, BGE is the oldest gas distribution company in the nation. Like many older gas systems, a larger portion of its gas main and services infrastructure consists of cast iron and bare steel — materials that are obsolete and susceptible to failure with age,” the PSC wrote in a 2018 order approving a modernisation plan. … [Read more...] about 1 dead, 7 rescued after natural gas explosion destroys row houses in Baltimore of U.S.