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On the sectoral front, Nifty IT index outperformed other indices with a gain of 4.6 percent, and media and auto indices added 4.5 percent each..

Market bounces back: How things unfolded last week


  • मारुति का सितंबर का में प्रोडक्शन सेमीकंडक्टर की कमी के कारण 51% घटा
  • Air India bid Win- टाटा संस के चेयरमैने चंद्रशेखरन ने कहा एयर इंडिया को बनायेंगे world-class airline
  • Business Idea: गांव से लेकर शहर में कहीं भी करें यह बिजनेस, लाखों रुपये महीना होगी कमाई
  • सरकार के चीफ इकोनॉमिक एडवाइजर केवी सुब्रह्मण्यन ने अपने पद से इस्तीफा दिया
  • टाटा के एयर इंडिया की बिड जीतने के साथ खत्म हुआ 68 वर्षों का सरकारी कंट्रोल
  • Petrol Diesel Price: पेट्रोल-डीजल के दाम में लगी है आग, जानिए आज आपके शहर में कितना मंहगा हुआ तेल
  • TCS Q2 Result: सितंबर तिमाही में प्रॉफिट 14.1% बढ़कर 9,624 करोड़ रुपए रहा, रेवेन्यू 46,867 करोड़ रुपए
  • TCS ने Q2 में 19,690 नई हायरिंग की, नौकरी छोड़ने की दर सिर्फ 11.9% दर रही
  • ये 10 बैंक दे रहे हैं फेस्टिव सीजन में सस्ता होम लोन, जानें किसका ऑफर है सबसे सस्ता
  • Air India Divestment: एयर इंडिया के कर्मचारियों की Tata Sons में एक साल तक बरकरार रहेगी नौकरी, जानें आगे क्या होगा?
  • PM Kisan Samman Nidhi: यूपी में 55 हजार किसानों के खाते में नहीं आएगा पीएम किसान का पैसा, जानिए वजह
  • Air India करीब 70 साल बाद टाटा के पास लौटी, टाटा संस ने 18,000 करोड़ रुपए में खरीदी एयरलाइन कंपनी
  • एयर इंडिया पर कब्जे के बाद टाटा ग्रुप के सामने 4 एयरलाइंस के इंटीग्रेशन की चुनौती
  • अमिताभ और अभिषेक बच्चन ने SBI को किराये पर दिया बंगला, 18.9 लाख प्रतिमाह रेंट
  • ICC T20 World Cup: अगर पाकिस्तान भारत को हरा दे, तो PCB के लिए तैयार है ब्लैंक चेक: चेयरमैन रमिज राजा



Name Price Change % Chg
Sbi 458.00 0.10 0.02
Ntpc 141.10 -1.70 -1.19
Indiabulls Hsg 240.90 -2.40 -0.99
Nhpc 30.60 0.05 0.16

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Occidental Petroleum, Chubb Rise; Allogene, Oshkosh Fall

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Stocks that traded heavily or had substantial price changes Friday:

Quidel Corp., up $1.83 to $138.04.

The medical diagnostics company gave investors a surprisingly good revenue update as demand for COVID-19 tests remains strong.

Allogene Therapeutics Inc., down $11.25 to $13.13.

The cancer treatment developer said the FDA ordered a pause to AlloCART-T studies following a report of a chromosomal abnormality in a participant.

Oshkosh Corp., down $5.34 to $100.85.

The heavy vehicle manufacturer said supply chain problems and higher costs will crimp its financial results.

Momentive Global Inc., up $2.08 to $23.70.

The software company is reportedly considering a sale.

Tesla Inc., down $8.12 to $785.49.

The electric vehicle maker is moving its headquarters to Austin, Texas from California.

Occidental Petroleum Corp., up $1.15 to $33.63.

Oil prices rose and helped lift energy company stocks.

Capital One Financial Corp., up 92 cents to $168.80.

Bank stocks made gains with rising bond yields, which allow them to charge more lucrative interest on loans.

Chubb Limited, up $4.46 to $182.78.

The insurance company is buying insurance operations in seven Asia-Pacific markets from Cigna.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Route Mobile to acquire Latin American firm for $47.50 mln

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Route Mobile (UK), a wholly owned subsidiary of Route Mobile, has signed definitive agreements to acquire Latin America-based Masivian.

The company will acquire 100% equity stake in Masivian for a total purchase consideration of $47,500,000, along with an earn-out consideration of upto $2,500,000. The acquisition is expected to be completed within the next 60 days.





Masivian is a cloud communications platform service provider, with strong presence in Colombia and Peru. Masiv offers multichannel notification services through SMS, OTT business messaging, email, as well as voice. Masiv platform orchestrate and automate A2P messaging and multichannel conversations for marketing and operations.

The acquisition is aligned to Route Mobile’s global growth strategy to be a recognized global CPaaS (communications platform as a service) player and to solidify its presence in Latin America. The acquisition will help expand the company’s business in new markets – particularly Colombia and Peru, and further expand across the Latin American market over the near term. The acquisition will also unlock cross-sell opportunities for the company to offer its comprehensive suite of CPaaS solutions (email, RCS, OTT business messaging, etc.) to the Masivian’s existing client base.

“Masiv presents a sizable opportunity that can be tapped from local enterprises as well as with global OTT’s, leveraging its added geographical strengths like direct connectivity, cost efficiencies and local presence in the Andean region,” Route Mobile said in a statement.

Masiv, primarily based in Colombia and Peru, also presents an excellent near-shore talent pool and operational hub for supporting customers in the Americas, it added.

In the year ended 31 December 2020, Masivian reported revenue of $11.53 million and profit after tax of $1.59 million.

Route Mobile’s consolidated net profit jumped 27.4% to Rs 34.32 crore on 21.9% increase in net sales to Rs 377.52 crore in Q1 June 2021 over Q1 June 2020.

Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML’s portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. The company is headquartered in Mumbai, India with a global presence in the Asia Pacific, Middle East, Africa, Europe, and North America.

Shares of Route Mobile jumped 3.04% to settle at Rs 2114.70 on Friday.

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White House backs release of Trump records to January 6 committee

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The White House said on Friday that it will not assert executive privilege to hold former President Donald Trump-era documents from a House committee probing the January 6 Capitol riot.


“President (Joe) Biden has determined that an assertion of executive privilege is not in the best interests of the United States, and therefore is not justified as to any of the documents,” White House counsel Dana Remus wrote to the National Archives, Xinhua news agency reported, citing NBC News.





“These are unique and extraordinary circumstances,” Remus wrote, “The constitutional protections of executive privilege should not be used to shield, from Congress or the public, information that reflects a clear and apparent effort to subvert the Constitution itself.”


White House Press Secretary Jen Psaki said on Friday that the tranche of documents released to the committee is only the first set and that White House “will evaluate claims of privilege on a case by case basis.”


The House January 6 committee issued the first batch of subpoenas last month, asking four Trump’s allies to appear for depositions.


The subpoenas were sent to former top White House adviser Steve Bannon, former White House Chief of Staff Mark Meadows, former White House Deputy Chief of Staff Dan Scavino, and former Pentagon Chief of Staff Kash Patel.


Republicans have claimed that the select committee, whose members are mostly Democrats, is nothing but a tool for Democrats to gain partisan interests.


Some 140 police officers were reportedly injured when confronting Trump’s supporters who breached the Capitol on Jan. 6 in an attempt to stop Congress from certifying the results of the 2020 US presidential election, which Democrat Joe Biden won.


The Capitol riot left five dead, including a Capitol Police officer. Four officers who responded to the riot reportedly died by suicide within seven months.


Trump was impeached by the Democrat-led House on one article of inciting insurrection on January 13 before being acquitted by the Senate. The Republican was the first-ever US president to have been impeached and tried twice.


–IANS


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(Only the headline and picture of this report may have been reworked by the PRESS24 NEWS staff; the rest of the content is auto-generated from a syndicated feed.)

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PRESS24 NEWS has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

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