📰 Latest Economy & Stock Market News
NIIT acquires 70% stake in RPS Consulting for Rs 82.3 cr
Updated at : 2021-10-01 22:20:01

Pursuant to the transaction, RPS Consulting has become a subsidiary of NIIT. The leadership team of RPS Consulting would continue to drive operations, it said.

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Tech Mahindra to acquire Beris Consulting for around Rs 60 cr
Updated at : 2021-10-01 22:20:01

"The company through its wholly owned subsidiary viz., Tech Mahindra GmbH, approved the proposal to acquire 100 per cent equity shares in Beris consulting GmbH," the Tech Mahindra said in the filing.

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Sebi extends deadline for investment advisers to conduct annual compliance audit
Updated at : 2021-10-01 21:20:02

For the financial year ending March 31, 2021, the investment advisers (IA) are now required to conduct the annual compliance audit by December 31, 2021, and submit the adverse findings of the audit, if any, by January 31, 2022.

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Bitcoin soars as Fed's Powell says US has no plans to ban cryptos
Updated at : 2021-10-01 21:20:02

The largest cryptocurrency gained as much as 10 per cent to $47,884 early in New York trading. Ethereum, Litecoin and EOS also jumped, with the Bloomberg Galaxy Crypto Index rising as much as 8.3 per cent.

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Wall Street opens higher on bargain hunting, Merck boost
Updated at : 2021-10-01 20:20:01

The Dow Jones Industrial Average rose 86.78 points, or 0.26 per cent, at the open to 33,930.70.

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Gold rallies by Rs 555; silver jumps to Rs 58,400
Updated at : 2021-10-01 20:20:01

In the international market, gold was trading marginally lower at $1,752 per ounce and silver was flat at $22.16 per ounce.

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Bank of India raises Rs 1,800 cr via Basel-III-compliant bonds
Updated at : 2021-10-01 19:20:02

The 10-year tenure bonds with a 5-year call option had a base issue size of Rs 1,000 crore and carries a coupon rate of 7.14 per cent.

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Market Movers: Paras Defence rejuvenates IPO mart; Zee Ent’s troubles continue
Updated at : 2021-10-01 19:20:02

Paras Defence & Space Technologies’ listing today has breathed new life into the market and just in time, too, as big wigs such as Paytm, PolicyBazaar and Nykaa prepare themselves to hit the IPO market over the coming months.

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Nickel under pressure, may see more price erosion
Updated at : 2021-10-01 19:20:02

Along with increased stainless-steel production, depleting inventories across exchanges hinted at potential tightness in the global Nickel market.

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Rating upgrades outpace downgrades, even better than pre-Covid level
Updated at : 2021-10-01 19:20:02

The CR was at 0.63 in the corresponding period last year. This gauge is even better than the first six months of the fiscal year 2020, which had pegged at 1.05. CR below 1 indicates the deteriorating financial health of the corporate sector.

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