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1. U.S. Markets At 4 Week Low; Profit Booking Kicks in U.S. stocks touched their lowest level in four weeks and bond yields moved up as investors booked profits. Concerns of the delta virus strain in China scared market participants. The drop is also on the quadruple witching day, which is the quarterly expiration of […]
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Cadila Healthcare to supply 1 crore doses of Covid-19 vaccine next month: Report According to a report from Mint, Cadila Healthcare Ltd will supply 1 crore doses of its Covid-19 vaccine ZyCoV-D in October 2021. The vaccine has received approval to be administered to adolescents between the ages of 12 and 18. ZyCoV-D is the […]
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Cabinet approves Rs 30,600 crore govt guarantee for bad bank The Union Cabinet has cleared a proposal to provide a Rs 30,600 crore government guarantee for security receipts issued by the National Asset Reconstruction Company Ltd (or bad bank) as part of the resolution of bad loans. NARCL will aggregate the non-performing assets (bad loans) […]
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Cabinet approves 4-year moratorium on AGR dues, 100% FDI in telecom sector The Union Cabinet has approved a four-year moratorium on payment of spectrum dues by telecom companies. The government has also decided to allow 100% foreign direct investment (FDI) in the telecom sector. The Centre has decided to rationalise the definition of Adjusted Gross […]
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U.S. Stocks Move Down after Inflation Data After opening with a gap-up, indices in the U.S. market have fallen to the red. Earlier in the day, data showed that consumer prices inflation was lower than expected in August. Treasuries gained and the dollar weakened.   Consumer Services and industrial stocks pulled the S&P 500 index down. […]
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TCS to drive digital transformation of NXP Semiconductors Dutch chipmaker NXP Semiconductors NV has selected Tata Consultancy Services (TCS) to help accelerate its digital transformation. As part of the deal, TCS will drive NXP’s integrated IT strategy across apps, IT infrastructure, and workplace services. TCS will also accelerate NXP’s cloud adoption to enhance business agility […]

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