LAST UPDATED: Jan. 8, 2021, 1:30 p.m.
New Delhi (Anish Yande): Sensex recorded fresh highs after declining in previous sessions. The benchmark index recorded a high by a rise of more than 460 points on Friday. Nifty 50 also charted an increase by more than 150 points in Friday’s trading sessions. The index rose by more than 1% following the opening bell.
Sensex rose to 48,562.64, while Nifty rose to a record high of 14,293.80.
Tata Consultancy Services would be declaring its earnings for the quarter, which ended 31 December 2020 today. Ahead of the earnings, the share prices for the Indian IT major rose to a 52-week high of Rs 3,114.45 per share. The IT sector in India charted a quick recovery and became one of the best performing sectors post the Covid restrictions.
Experts are expecting an upward trend in revenue momentum in the Q3FY21 attributed to an increase in TCS’s business activities.
The IT major has secured strong deal wins in FY21. The company has previously secured deals, with Transamerica and Postbank. According to company filings, on the fiscal year ended March 31, 2020, TCS generated consolidated revenues of $22 billion.
State Bank of India:
State Bank of India and the Indian Oil Corporation have released a contactless RuPay debit card. The contactless card has been co-branded by the companies, and customers can get the contactless card by visiting their SBI main branch.
Through the contactless card, users can make transactions up to Rs 5,000 through just a tap.
The electricity company, NTPC has issued notices to six states and two Union Territories regarding the non-payment of dues. The Indian PSU has sent notices requesting payment of dues to state governments, Uttar Pradesh, Madhya Pradesh, Karnataka, Sikkim, and Telangana. NTPC has also served the notices to Jammu and Kashmir, and Puducherry.
The company has stated that the power supply would be shut-off if the dues aren’t cleared.
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