Thursday, Jun 4 2020 | Time 15:01 Hrs(IST)
  • Another jolt to Cong before Guj RS polls, two more MLAs resign
  • DMK MLA tests positive for COVID-19
  • US apologizes for desecration of Mahatma Gandhi's statue
  • Jitendra Awhad asks Kerala CM to punish culprits involved in elephant killing
  • 60-year-old man dies due to COVID-19 in Kashmir, death toll rises to 35 in J&K
  • Mah: Sangli reports four new COVID-19 cases
  • World Athletics unveils four-year strategic plan upon reopening of its headquarters
  • 188 in Corona embrace in Haryana, tally 3128
  • PM condoles demise of Basu Chatterjee
  • Nalvadi Krishnadatta Wadiyar's tenure was golden era- Yaduveer
  • Tokyo Governor Yuriko says Games could be streamlined
  • India adopted draconian lockdown, it flattened GDP curve instead of COVID-19: Rajiv Bajaj
  • 7-member Central team visits cyclone Amphan hit areas in Odisha to assess damages
  • Bukhari welcomes revocation of PSA against Shah Faesal, demands release of Mehbooba, Sagar, Naeem
  • Assam COVID tally reaches 1877
Business Economy


Sensex rebounds by 551 pts

Sensex rebounds by 551 pts

Mumbai, Mar 31 (UNI) Snapping a losing streak of last two sessions the Bombay Stock Exchange (BSE) on Tuesday bounced by 551 pts to open at 28,991 trackings.

The gain in the global market amid buying in materials, metal, energy and finance stocks.

The Nifty of the national stock exchange too rose by 146.80 pts to 8427.90.

The sectoral indices that moved up were materials, energy, finance and oil and gas by more than two per cent each.

The scrips that bounced back were HDFC by 3.80 pc to Rs 1,662 Axis Bank by 2.98 pc to Rs 379.70, TATA steel by 2.89 pc to Rs 261.50, powergrid by 2.89 pc to 160.20 and Reliance Industries by 2.78 pc to Rs 1,061.10.

The loser was sole IndusInd bank by 10 pc to Rs 370.40.

On the Wall Street Dow ended up 3.19 pc while the S and P 500 gained 3.35 pc and NASDAQ by 3.62 pc.

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IBM Services Collaborates with Lotte Card to Adopt A Hybrid Cloud Strategy To Help Transform Core Financial Accounting Systems

04 Jun 2020 | 2:26 PM

ARMONK, New York, June 4, 2020 /PRNewswire/ -- IBM (NYSE: IBM) announced today that the Korean credit card company, Lotte Card, which services a wide network of retailers including department stores, hypermarkets and cinemas, is collaborating with IBM Services to transition its entire enterprise system, including mission critical and core financial accounting systems, to a hybrid cloud environment. By using cloud native technology from IBM and Red Hat Openshift to migrate its core business applications to a managed private cloud, Lotte Card aims to achieve greater visibility, scalability, security and speed while reducing costs, risk and complexity to its IT infrastructure so it can deliver innovative services to its clients.

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Innovitis AI Platform Sparcs to Provide Customers an X-ray View Into Payment Operations

04 Jun 2020 | 2:25 PM

BENGALURU, June 4, 2020 /PRNewswire/ -- Provider of intelligent payment systems, Innoviti Payment Solutions, announced today the introduction of Sparcs, an AI/ML based platform, that can help customers get an X-ray view into their payment operations being managed by Innoviti.

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Rupee down by 11 paise against USD

04 Jun 2020 | 2:21 PM

Mumbai, Jun 4 (UNI) The Rupee on Thursday further slipped by 11 paise to close at 75.57 against the US Dollar on brisk demand for US Dollar by bankers and importers, dealers at Forex Market said.

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EESL and GAIL sign a MoU for Trigeneration projects

04 Jun 2020 | 1:52 PM

Kolkata, Jun 4 (UNI) GAIL (India) Limited and Energy Efficiency Services Limited (EESL) has signed a joint Memorandum of Understanding (MoU) for cooperation in development of Trigeneration projects in India.

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UST Global names to list of Everest Group's PeaK Matrix Top 20 IT service providers

04 Jun 2020 | 1:40 PM

Thiruvananthapuram, Jun 4 (UNI) UST Global, a leading digital transformation solutions company, announced that it has been named to the list of the Everest Group’s PEAK Matrix Top 20 IT Service Providers of the Year 2020.

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