Finlight

2021-02-10 11:04:18 Nazara, popular gaming and sports media platform announced the new investment as it gets ready for IPO

It has raised ₹100 crore from Instant Growth Limited (IGL).

Nazara also filed a Draft Red Herring Prospectus with SEBI in January. According to the DRHP, the public issue is for a sale of 49.65 lakh of equity shares. Open / Comment

2021-02-09 09:17:12 As whatsapp has introduced new privacy policy, alternative appTelegram downloads sparks.

In January 2021, Telegram became the most downloaded non-gaming application. Meanwhile whatsapp slides to fifth.

The messaging app was downloaded 63 million times last month. From which India saw around 15 million new Telegram users in January. Open / Comment

2021-02-08 07:07:49 Apple may discontinue iphone 12 mini in second quarter of financial year, according to report.

Due to poor demand, sales are on low side. Priced ₹69900, iPhone Mini is the smallest, thinnest, and lightest 5G smartphone available in the market. 

JP Morgan Chase supply analyst William Yang said, "given that demand for the iPhone 12 mini seems to be weak, the supply chain may stop production of the phone in the second quarter of 2021". 

If iphone mini discontinued in the second quarter, iPhone 12 Mini will be the most short-lived smartphone by Apple in its history.  Open / Comment

2021-02-06 07:03:41 India becomes first asian country to allow small investors directly lend to the government.

Yesterday RBI announced that retail investors will be given access to invest in government securities.

In upcoming days RBI will provide details on how this new system will work.

This is a good option for investors who are conservative, cautious and interested in the safety of capital. Open / Comment

2021-02-05 06:58:47 Jubilant foodworks Ltd reported a 22% rise in quarterly profit because of increase in delivery and takeaway sales.

Net profit rose to ₹123.91 crore in the three months ended December 31 from ₹101.80 crore in the year earlier, the company said on Wednesday.

Domino's witnessed recovery in sales in Q3.The sales recovery continued in January with overall sales for Domino’s growing by 6%.

Domino's also witnessed highest ever app downloads during the same quarter. Open / Comment

2021-02-04 09:35:24 European economy contracts less than expected.

Spain's GDP increased 0.4%, defying expectations for a 1.4% drop. Germany also recorded growth of 0.1%, while output in France fell less-than-forecasted .

Austria and Italy saw the biggest plunge in Europe. Their economy dropped 4.3% and 2.0% respectively

Economists has expected a drop in eurozone of 2.5% in January. Open / Comment

2021-02-03 06:18:29 Jeff Bezos to step down as CEO of Amazon.

Bezos said he will transition to the role of executive chair in the third quarter, handing over the CEO role to Andy Jassy.

Andy Jassy is CEO of Amazon Web series. Jassy joined Amazon in 1997 and has MBA from Harvard Business School. Open / Comment

2021-02-01 08:10:26 L&T finance holdings will open ₹2998.61 crore rights issue on 1 February. 

It will issue 461.33 million equity shares including a premium of ₹55 per equity shares at ₹2,998.61 crores.

The equity shares will be offered to existing shareholders in the ratio 17:74 as holding on record date of Jan 22.

The issue will close on 15 February. Open / Comment