Wednesday, September 1, 2021

Markets trade higher after manufacturing PMI data; Sensex near 57,400, Nifty 50 over 17,110; Dr Reddy's, Ultratech, Tata twins, Titan lead

In the opening bell, Sensex has jumped by at least 174 points with an intraday high of 57,512.08, meanwhile, Nifty 50 climbed more than 56 points with the day's high of 17,132.30.

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Nazara Tech climbs 2% on completing acquisition of shares in OpenPlay

The company now holds 23.30 % of the issued and paid-up share capital in OpenPlay.

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US aiming new lawsuit at Google over ads: Report

US officials are preparing a new antitrust lawsuit against Google over its power in the online advertising market, Bloomberg reported Wednesday. Bloomberg cited an unnamed person familiar with the matter as saying the Justice Department could file the litigation by the end of the year.

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Indian startups go vocal on app store policies again

In what is regarded as a global first, South Korea’s Parliament approved a legislation banning technology platforms, including Google and Apple, from forcing developers and companies to only use their proprietary billing systems.

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India is fast becoming the global ransomware capital, says NPCI CEO

Dominance of a few players may not be in the best interest and there is a need to raise competition, says Dilip Asbe.

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Reverse migration didn’t spur rural consumption, say companies

The average purchase of households that claimed to have migrated from towns remained the same as non-migrants throughout the period of lockdowns and unlocking.

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Startup dreams take wing as India sees one seed round a day

The unprecedented rush of risk capital has led to more than 240 seed rounds with total disclosed investments of $284 million so far in 2021, according to data from specialist staffing firm Xpheno, shared exclusively with ET.

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Tata Motors sale rises to 57,995 vehicles in August; To moderate production and offtake volumes due to semiconductor shortage constraint

The company's domestic sales stood at 54,190 units in August 2021, rising by a whopping 53% yoy.

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Steel Strips Wheels achieves highest ever net turnover of Rs308.09cr in August as monthly sales turn robust

The company had achieved a gross turnover of Rs373 03cr in August 2021, skyrocketing by I43.94% yoy.

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