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SBI Card, Laurus Labs, Chambal Fert rally up to 10% on F&O inclusion boost

SBI Card, Laurus Labs, Chambal Fert rally up to 10% on F&O inclusion boost

Shares of Chambal Fertilisers & Chemicals, Atul, Firstsource Solutions (FSL), Whirlpool of India and four others were in demand on the bourses on Thursday after the exchange announced inclusion of these stocks in the futures & options (F&O) or derivative segment from October 29, 2021. These shares rallied by up to 10 per cent on the National Stock Exchange (NSE) in the intra-day trade today.

SBI Cards and Payment Services (SBI Card), Laurus Labs, Birla Soft and Gujarat State Petronet, meanwhile, advanced between 3.5 per cent and 5 per cent on the NSE.

Tata Motors up 10%, at 3-yr high on strong biz outlook, brokerage upgrade

Tata Motors up 10%, at 3-yr high on strong biz outlook, brokerage upgrade

Shares of Tata Motors rallied 10 per cent, hitting a fresh three-year high at Rs 368.25 on the BSE in Thursday’s intra-day trade on expectation of strong business outlook. The stock of Tata Group, a commercial vehicle company, was trading at its highest level since April 2018. It surpassed its previous high of Rs 360.65 touched on June 15, 2021.

The brokerage firm Morgan Stanley has upgraded Tata Motors with an overweight rating from equal-weight and raised target price to Rs 448 from Rs 298 earlier.

Rupee rises 22 paise to 74.76 against US dollar in early trade

Rupee rises 22 paise to 74.76 against US dollar in early trade

The Indian rupee appreciated 22 paise to 74.76 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities.

At the interbank foreign exchange, the rupee opened at 74.77 against the dollar, then inched higher to 74.76 registering a rise of 22 paise over its previous close.

UP govt appoints judicial commission for Lakhimpur Kheri probe

UP govt appoints judicial commission for Lakhimpur Kheri probe

The Uttar Pradesh government has deputed Pradeep Kumar Srivastava, a retired judge of the Allahabad High Court, to probe the October 3 Lakhimpur Kheri violence in which nine persons lost their lives.

The judicial commission will have its office in Lakhimpur Kheri and it is required to submit its report within two months.

WHO recommends broad use of world's first malaria vaccine

WHO recommends broad use of world's first malaria vaccine

The World Health Organization (WHO) said on Wednesday that it has recommended widespread use of the world's first malaria vaccine called RTS,S/AS01 (RTS,S) for children in sub-Saharan Africa.

According to the WHO, the vaccine is the result of 30 years of research and development by British pharmaceutical company GlaxoSmithKline (GSK) in partnership with the international non-profit organization Program for Appropriate Technology in Health (PATH) and with a network of research centers in Africa.

SC takes cognisance of Lakhimpur incident, CJI-led bench to hear case today

SC takes cognisance of Lakhimpur incident, CJI-led bench to hear case today

The Supreme Court has decided to hear on Thursday the Lakhimpur Kheri case of Uttar Pradesh in which eight people, including four farmers, were killed as violence erupted during a farmers’ protest.

According to the cause list uploaded on the apex court website, a three-judge bench comprising Chief Justice N V Ramana and Justices Surya Kant and Hima Kohli would hear the matter.

Reliance Retail to launch 7-Eleven stores in India after Future Group exit

Reliance Retail to launch 7-Eleven stores in India after Future Group exit

Dallas-based 7-Eleven Inc (SEI) has signed an agreement with Reliance Retail Ventures (RRV) to launch convenience stores in India, days after Future Retail Ltd ended its deal with the US chain.

The first 7-Eleven store will open on Saturday in Andheri, Mumbai. RRV said in a statement. It will then roll out more stores in neighbourhoods and commercial areas in the Greater Mumbai.

US-based Poshmark enters India's booming circular fashion industry

US-based Poshmark enters India's booming circular fashion industry

Mansi (she uses only her first name) has had her sights set on a Louis Vuitton Neverfull for years, but pocket constraints held her back. Now, with US e-shopping giant Poshmark entering India, she’s hoping she’d get lucky. Since it launched some three weeks ago, she has been religiously scanning the site in the hope of coming across a pre-owed — the preferred term is pre-loved — LV Neverfull.

Poshmark, a social commerce marketplace for buying and selling clothes and accessories, both used and new, is the latest addition to India’s booming circular fashion industry.

Shiv Sena's Sanjay Raut lashes out at BJP, asks whether UP is in Pakistan

Shiv Sena's Sanjay Raut lashes out at BJP, asks whether UP is in Pakistan

Lashing out at the BJP government, Shiv Sena MP Sanjay Raut questioned whether Uttar Pradesh is Pakistan as Indians are stopped from entering the state, adding that the administration is imposing Section 144 in the Lakhimpur Kheri but detaining opposition leaders in Lucknow.

Speaking to ANI on Lakhimpur Kheri violence where eight people died on Sunday, senior Shiv Sena leader Raut said, Section 144 of CrPC is imposed in Lakhimpur Kheri and you (the government) are arresting (the opposition leaders) in Lucknow.

TCS' long-standing partnership with SBI extended for another 5 years

TCS' long-standing partnership with SBI extended for another 5 years

Tata Consultancy Services (TCS) has announced that its long-standing partnership with State Bank of India (SBI), India’s largest bank, has been extended for another five years as the bank embarks on its next leg of growth based on the three pillars of technology, resilience and people.

The extended partnership builds on a two-decades-long relationship between the two partners, that began with the implementation of the TCS BaNCS core banking solution in 2001, the largest such transformational program of that era.

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