Cars24 Nearly Doubles Valuation To Over $1.8 Billion After Fund Raise

<!– –> Used-car platform Cars24 said on Monday it has raised $450 million from investors including SoftBank Group Corp’s Vision Fund 2, nearly doubling its valuation to $1.84 billion. The fund raise included a $340 million Series F equity round featuring investments from Vision Fund 2, Tencent Holdings Ltd and DST Global, Cars24 said, along with $110 million in debt from financial institutions. Cars24 was founded in 2015 and dominates over 90 per cent of the country’s online used-car marketplace, with operations across more than 130 cities in India. “With…

Nazara Technologies Rises After Arm Acquires Gaming Business

<!– –> Nazara Technologies shares have more than doubled from the IPO price of Rs 1,101. Shares of the newly listed online gaming company – Nazara Technologies – rose as much as 4.35 per cent to hit an intraday high of Rs 2,165.35 after its independent subsidiary NODWIN Gaming acquired gaming and adjacent intellectual property (IP) business of OML Entertainment. NODWIN Gaming has agreed to buy the gaming and adjacent IP business of OML Entertainment for consideration of Rs 73 crore. “The transaction will provide partial liquidity to OML Entertainment…

Gold, Silver Prices Edge Lower On Weak Global Markets

<!– –> Fine gold with purity of 24 carats was priced at Rs 46,310 per 10 grams. Gold, Silver Prices: Gold and silver prices edged lower on Monday on the back of weak global cues as the dollar firmed with markets closely watching a US Federal Reserve meeting for clues on when the bank will start tapering its crisis-era stimulus measures. Gold futures for delivery in October fell as much as 0.23 per cent to hit an intraday low of Rs 45,880 per 10 grams. In the spot market, fine…

Sensex, Nifty Rebound From Day’s Lows; ITC, Hindustan Unilever Top Gainers

<!– –> ITC, HCL Technologies and Hindustan Unilever have gained 1.3 per cent each on the BSE The benchmark indices have rebounded from the day’s lows, post a gap-down opening, on the back of strength in index heavyweights such as ITC and Hindustan Unilever. The Sensex, which fell as much as 490 points to hit an intraday low of 58,525.89, has erased all its early losses and is currently trading at 59,024.50, higher by 20.88 points and the NSE Nifty is at 17,578.75, down eight points.  Asian shares slid on Monday with…

Lupin Falls After US FDA Inspects Goa Facility With Seven Observations

<!– –> Lupin shares fell as much as 4 per cent to hit an intraday low of Rs 913. Shares of the Mumbai-based drug maker – Lupin – fell as much as 4 per cent to hit an intraday low of Rs 913 after the company informed exchanges that the US drug regulator – US Food and Drug Administration (US FDA) concluded inspection of its Goa facility with seven observations. The US FDA conducted inspection of its Goa facility between September 6-18, 2021 and closed it with seven observations. Lupin…

Asian Markets Slide Amid Thin Trading; Hong Kong Hits 11-Month Low

<!– –> MSCI’s broadest index of Asia-Pacific shares outside Japan slid another 1.4 per cent Asian shares slid and the dollar held firm on Monday ahead of a week packed with no less than a dozen central bank meetings, highlighted by the Federal Reserve which is likely to take another step toward tapering. Holidays in Japan, China and South Korea made for thin conditions, and politics added extra uncertainty with elections in Canada and Germany bookending the week. The fate of Chinese property giant Evergrande, and its $300 billion in…

Sensex, Nifty Open Sharply Lower; Metal Stocks Worst Hit

<!– –> The Indian equity benchmarks opened sharply lower on Monday on the back of weak global cues weighed down by losses in metal, auto, PSU banking and pharma shares. The Sensex fell as much as 490 points to hit an intraday low of 58,525.89 and Nifty 50 index dropped below its important psychological level of 17,450 to hit an intraday low of 17,425.30. Asian shares slid on Monday with Hong Kong’s Hang Seng dropping 4 per cent, Straits Times declining 0.35 per cent and Australia’s S&P ASX 200 falling…

Wipro Launches Wipro-Google Cloud Innovation Arena In Bangalore

<!– –> At 9:20 am, Wipro shares were trading lower by 0.43 per cent at Rs 662 on the BSE Wipro has partnered with Google Cloud to launch the Wipro-Google Cloud Innovation Arena in Bangalore to facilitate “cloud services, ensure seamless cloud adoption and accelerate innovation. The innovation centre will offer a unique combination of people, processes and platforms to create a futuristic experience for customers globally, Wipro said in a regulatory filing to the stock exchanges. “We are excited to strengthen our partnership with Google Cloud and look forward…

Nifty Seen Opening Below 17,500; Wipro, Lupin In Focus

<!– –> The Indian equity benchmarks are set to open sharply lower as indicated by the Nifty futures traded on the Singapore Exchange. Nifty futures on Singapore Exchange also known as the SGX Nifty futures fell 0.9 per cent or 161 points to 17,441 indicating that Nifty may open below its important psychological level of 17,500 amid weak cues from other Asian markets. Asian shares slid and the dollar held firm on Monday ahead of a week packed with no less than a dozen central bank meetings, highlighted by the…

Petrol, Diesel Prices Steady For 15th Day; Petrol Hovers At Rs 101 In Delhi

<!– –> Fuel Prices: Domestic petrol and diesel prices vary across states due to value added tax (VAT). Petrol, Diesel Price Today: Petrol and diesel prices remained unchanged across the four metros, for the 15th consecutive day, on Monday, September 20, 2021. In the national capital, petrol prices were steady at Rs 101.19 per litre and diesel rates were also unchanged at Rs 88.62 per litre, according to Indian Oil Corporation. In Mumbai, petrol is being sold at Rs 107.26 per litre and diesel rates stand at Rs 96.19 per…