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Yesterday’s big news was related to Airtel. Bharti Airtel will soon provide satellite internet service in the country. For this, Ilon Musk’s company has tied up with SpaceX. At the same time, NSE Index Limited has launched a new sectoral index ‘Nifty Chemicals’.
Today’s headlines before tomorrow’s big news, which will be seen …
- The stock market may see a boom today.
- Retail inflation figures will be released.
- There has been no change in the price of petrol and diesel.
Now read the big news of tomorrow …
1. Internet will be available from satellite in the country, Space X-Airtel agreement: Jungle-mountain will run everywhere, Musk’s company has the largest satellite network
Telecom company Bharti Airtel will soon provide satellite internet service in the country. For this, Ilon Musk’s company has tied up with SpaceX. Airtel informed about this in stock exchange filing on Tuesday (March 11).
Under the agreement, SpaceX and Airtel will work together to provide starlink services in educational institutions, healthcare centers and remote areas. The possibilities of integrating Starlink Technology in Airtel’s current network infrastructure will be searched.
Click here to read the full news ..
2. NSE launched the Nifty Chemicals Index: The new index will track the performance of the stocks of the sector sector included in the Nifty-500
NSE Indies Services Subsidiary NSE Index Limited has launched a new sectoral index ‘Nifty Chemicals’. The objective of the Nifty Chemicals Index is to track the performance of stocks included in the Nifty 500, which are part of the chemicals sector.
Top-20 stocks are selected on the basis of 6-month average free float market captilation, giving preference to available stocks for trading in the derivative segment in the NSE. The weight free float of every stock in the index is based on the market capitalization.
Click here to read the full news ..
3. IndusInd Bank shares broken 27%: The reason for the disturbances in derivative account, the bank’s net worth may decrease Rs 2,000 crore
IndusInd Bank shares fell by 27% on Tuesday (March 11). It has fallen by Rs 243 to ₹ 656.80. This is the biggest decline in any one day after November 2020.
The bank had reported in the exchange filing on Monday (March 10) that the internal review has revealed the accounting descriptioni in the derivative portfolio. This may reduce the bank’s earnings and the net worth may fall by 2.35%.
Click here to read the full news ..
4. ONGC-NTPC: CCI approved 100% stake of Ayana Power, the deal was done for ₹ 19,500 crore last month.
ONGC-NTPC will jointly buy a 100% stake of renewable power firm Aana. The Competition Commission of India (CCI) has approved it on Tuesday (March 11). This purchase will be done for Rs 19,500 crore. The ONGC and NTPC will have a 50-50% stake in Aana Renewable Power Private Limited.
Both companies had made a deal to buy Aana last month. The deal was signed between ONGC-NTPC and Aana’s current shareholder National Investment and Infrastructure Fund (51% stake), British International International Investment PLC (32% shareholder) and Evercers Capital (17%).
Click here to read the full news ..
5. Using UPI-RUPAY card may have to be charged: Government is once again considering the implementation of merchant fees
The government is considering re -implementing merchant charges on UPI Transaction and Rupay Debit Card. The Economic Times has given this information quoting two senior bank officials as saying.
Currently, no merchant discount rate (MDR) is imposed on these payment methods, as the National Payments Corporation of India (NPCI) provides facility. However, discussion is going on to impose fees on big merchants while keeping transactions free for small businesses.
Click here to read the full news ..
Tomorrow, see who should be the top-10 richest in the world…
Know the condition of tomorrow’s stock market and gold and silver …
Know the latest price of petrol-diesel and gas cylinders …
