Category Archives: Investing

Musk’s SpaceX readying to collaborate with Indian telcos for satcom services

Elon Musk’s SpaceX will soon start talks with Indian telecom service providers like Reliance Jio, Vodafone Idea, BharatNet and Raitel for possible collaborations to offer satellite communication, or broadband from space, services in the hardest-to-reach regions. Speaking to reporters on … Continue reading

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China stocks end lower on economic pressure, fresh COVID-19 cases

SHANGHAI: China stocks closed lower on Wednesday as market sentiment was dented after Premier Li Keqiang warned of downward pressure in the world’s second-largest economy and as new locally transmitted COVID-19 cases spiked to a near three-month high. At the … Continue reading

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COVID-19 pandemic could lead to HIV surge in West & Central Africa, says UNAIDS chief

West and Central Africa could see a rise in HIV infections and AIDS-related deaths in a few years due to disruptions in health services because of the coronavirus pandemic, the executive director of the U.N. AIDS agency said. Although human … Continue reading

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Tech View: Nifty50 consolidation likely to continue; 18K hurdle stays intact

NEW DELHI: Nifty50 on Wednesday faced selling pressure around 18,000 level for the second straight day. The index formed a bearish candle on the daily chart, the second in a row. Analysts said Nifty50 is likely to stay in a … Continue reading

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Nepal to sell surplus electricity in India’s energy exchange market

Nepal will sell its surplus electricity to India at a competitive rate after New Delhi allowed the neighbouring country to trade its power in the Indian power exchange market, according to media reports on Wednesday. The Energy Exchange under India’s … Continue reading

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CG Consumer shares fall 1.54% as Nifty drops

Shares of Crompton Greaves Consumer Electricals Ltd. slipped 1.54 per cent to Rs 470.6 in Wednesday’s trade. It hit a high of Rs 480.05 and low of Rs 468.35 during the session. On the technical charts, the 200-DMA of the … Continue reading

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Nokia claims top 5G speed of 9.85 Gbps on Vodafone Idea network during trial

Telecom gear maker Nokia India on Wednesday claimed to have recorded a top speed of 9.85 Gigabit per second on Vodafone Idea network during the ongoing 5G trials. The company has achieved the top speed in back end data transmission, … Continue reading

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Fuel prices remain unchanged after being hiked for 7 straight days

Fuel prices remained unchanged on Wednesday across various cities after as many as seven days. At present, petrol in Delhi costs Rs 110.04 per litre while diesel costs Rs 98.42 per litre while in Mumbai, petrol costs Rs 115.85/litre and … Continue reading

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Oil prices rise on slow OPEC oil output increase

SINGAPORE: Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world’s top oil consumer China ramped up operating rates to meet a spike in diesel demand. Brent crude … Continue reading

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White Oak Capital completes acquisition of YES Bank’s MF business

NEW DELHI: Clearing the way for entering the mutual fund industry, White Oak Capital on Tuesday said it has completed the acquisition of YES Asset Management, which was previously owned by YES Bank . The company, founded by renowned money … Continue reading

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