10:46 am
Mastercard President Ajay Banga to retire at the end of the year
Mastercard Inc said on Tuesday that Chairman Ajay Banga will retire on December 31, nearly a year after he stepped down as chief executive of the payments processor.
The company said the current principal independent director, Merritt Jano, will be the non-executive independent chairman and will assume his new role on January 1, 2022.
10:41 am
Rupee loses 11 paise against US dollar in early trade
The Indian rupee closed 11 paise lower at 73.72 against the US dollar in early trade today, tracking a strong greenback in the overseas market. PTI informed of.
At the interbank foreign exchange, the rupee opened at 73.70 against the dollar, then fell further at 73.72, recording a fall of 11 paise from the previous close.
Forex traders said a positive trend in domestic equities and sustained foreign fund inflows supported the rupee, but firming crude oil prices and a broader strength in the US dollar index pulled down the local unit.
10:26 am
US government committee reviewing Zoom deal to buy Five9
A US Justice Department-led committee is reviewing a proposed $15 billion all-stock deal to buy Zoom Video Communications Inc.’s cloud-based call center operator Five9 Inc. Reuters reported citing a letter filed with US regulators.
27 letter filed with the Federal Communications Commission said the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector – known as “Team Telecom” – is reviewing it to see if Whether the deal “poses a risk” to national security or law enforcement interests. “
10:12 am
ADB lowers India’s growth forecast to 10%, sees inflation at 5.5%
Asian Development Bank slashed its forecast for India’s GDP growth in 2021-22 to 10%Downside risk dominates the economic outlook, up from the previously estimated 11%. ADB also feels that rising input costs are driving inflation up to 5.5% faster than the previously estimated 5.2%.
10:02 am
Government extends Uday Kotak’s tenure in IL&FS by 6 months
Government of India through gazette notification Banker Uday Kotak’s tenure extended As a non-executive board member and chairman of the scam affected Infrastructure Leasing and Financial Services Limited (IL&FS) for a period of six months till April 2, 2022.
Uday Kotak.
9:46 am
Sony Pictures, Zee Entertainment initiate merger talks
Sony Pictures Networks India and Zee Entertainment Enterprises Ltd said on Wednesday: They had entered an exclusive, non-binding term sheet To combine the linear networks, digital assets, production operations and program libraries of both companies.
9:43 am
Paytm employees associated with IPO add 5.45 lakh more shares for monetization
Digital payments and financial firm Paytm has received more than 5.45 lakh shares From around 20 more employees to monetize in its upcoming IPO.
Earlier, 200 former and current employees had converted their ESOPs into shares, taking the total number of employees to around 220.
9:34 am
BSE adds 1 crore investor accounts in 107 days
Premier Exchange BSE Add 1 crore registered investor accounts to your platform Between June 6 and September 21, the total crossed over 8 crores in a span of just 107 days.
The exchange had said on June 6 this year that its registered user base has crossed the 7 crore mark, which is a total of 20 million registered investor accounts in 12 months.
9:17 am
Indian benchmark indices open higher
Indian Indices Opened Strongly Today. Sensex opened up 160.88 points at 59,166.15, while Nifty opened up 18.90 points at 17,580.90.
On Tuesday, the 30-share Sensex closed 514.34 points or 0.88% higher at 59,005.27, while the NSE Nifty closed 165.10 points or 0.95% higher at 17,562.
9:09 am
Asian stocks gain some gains after Evergrande relief
Shares found support today after developer China Evergrande said it would pay some bond interest due Thursday, allaying fears of an imminent and messy collapse that had spooked investors. Reuters informed of.
Markets in Taiwan and China reopened lower after a two-day break, with concerns over Evergrande’s plight led to a sharp sell-off around the world, but were soon closing losses, the report said. Because the promise of payment had raised the mood, the report said.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% mid-morning. Japan’s Nikkei fell 0.6%, while Australian shares gained 0.7%. Hong Kong markets remained closed for the holiday.
9:00 am
Wall Street ends near flat on cautionary note ahead of Fed meeting
US stocks ended near flat on Tuesday after a broad sell-off a day earlier, with concerns over troubles in developer China Evergrande and caution ahead of Wednesday’s Federal Reserve policy news keeping a lid on the market, according to a report. Reuters report good.
Trading was choppy just before the close of the Dow and S&P 500 erasing sessions, while the Nasdaq ended slightly higher.
The Dow Jones Industrial Average fell 50.63 points, or 0.15%, to 33,919.84, the S&P 500 fell 3.54 points, or 0.08%, to 4,354.19 and the Nasdaq Composite rose 32.50 points, or 0.22%, to 14,746.40.
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