Latest Stock Market News

Brent crude rose 72 cents or 0.9% to $81.26 a barrel by around 0452 GMT, after falling nearly 2% on Thursday. U.S. oil gained 78 cents or 1.0% to $79.59 a barrel, having declined 2.5% in the previous session.

At the current prices, it is aiming at a valuation of $19.5-20 billion, in-line with anchor investor demand but nearly two-thirds of what the grey market was valuing the firm a month back.

Absolute Foods is likely to mop up a large portion of the amount in a few weeks in what could be one of the biggest Series A funding rounds in India’s agritech space.

India’s technology landscape has evolved so rapidly since 2016 that most businesses nowadays pay next to nothing for receiving customer payments over smartphones. And the pricing pressure isn’t going to ease, except that merchants will want to pay less even for add-on services, such as reconciling accounts and handling returns and refunds.

Gurmeet Chadha says he could be adding 4 names in his portfolio in the new year.

This dedicated business unit within HCL will be supported by AWS engineering, solutions and business teams. HCL currently holds five AWS competencies, has more than 10,000 professionals trained on AWS and plans to boost this capacity to more than 20,000 specialists in the future, it said in a statement.

“We were a sizable part of IBM in India as global technology services, and we are starting with almost twice the market share of the next player (in India),” Kyndryl’s India President Lingraju Sawkar says.

Investor Rakesh Jhunjhunwala added banks, metal and real estate companies to his cart while raising stake in his old-time favourite Titan Company by 0.1%.

“In the next two-three years, when the economy recovers and the credit cycle changes and credit cost cycle goes in the reverse, public sector banks will also do well.”

The Nifty50 and BSE Sensex rose over 1 per cent this week despite closing lower in two out of the four sessions.