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Bharti Airtel launches Xsafe, an advanced home surveillance solution.
Xsafe offers smart tracking, multi-person access to video feeds, smart alerts, perimeter zoning and seven-day cloud storage.
Xsafe is available across 40 cities including Mumbai, Delhi-NCR, Bengaluru, Chennai and Kolkata.
For festive season, Airtel offers a limited time discount on Xsafe products.
Xsafe has three cameras, Sticky Cam, 360 degree and active defence priced at Rs 2,499, Rs 2,999 and Rs 4,499 respectively.
Customers can pay an annual subscription charge of Rs 999 with the first month's subscription for free.
Source: Exchange filing
Power Grid has 3.95 million shares change hands in three large trades.
Power Grid also has 1.45 million shares change hands in another large trade.
Details of buyers, sellers are not known immediately.
Source: Bloomberg
The premium SUV is available with prices ranging between Rs 10.45 lakh and Rs 17.05 lakh.
Source: Exchange filing
Apple said it is excited to be manufacturing the iPhone 14 in India.
Apple global partner Foxconn will manufacture the phone in its Sriperumbudur facility.
Source: PTI
Shares of Harsha Engineers International listed at Rs 444 apiece on the BSE, a premium of 34.5% to its IPO price of Rs 330.
On the NSE, the stock listed at Rs 450.
The stock extended gains to as much as 40% in early trade.
Source: BSE, NSE
The broader indices underperformed their larger peers with S&P BSE MidCap, SmallCap losing nearly 2%. All 19 sectoral indices compiled by BSE Ltd. declined with Auto, Metal Power, Realty and Consumer Discretionary gauges shedding over 2%.
The market breadth is skewed in the favour of bears. About 553 stocks rose, 2,068 fell and 144 remained unchanged.
Yield on the 10-year bond rose 2bps to 7.41%, at the open.
Source: Bloomberg
Iron and steel forging products maker Sansera Engineering's shares are in focus after lock-up period of part of its IPO expired on September 24.
Source: Bloomberg
In tandem with the weakness seen in the Asian pack, local benchmark indices are likely to witness a bearish opening Monday, as investors await the outcome of the RBI's monetary policy meeting later this week. While most of the experts are already expecting a 25-35 basis point hike in key rates, what will be interesting to look at is the MPC's outlook commentary on interest rates, inflation and growth numbers. Although India is seen as a bright spot in times of global slowdown concerns, domestic markets will not be completely insulated from overseas turmoil and would continue to see bouts of intra-day volatility. Technically for Nifty the upside is capped around 17,700-17,750 zone and downside well protected at the index's biggest support at 16,907-16,161.Prashanth Tapse, Research Analyst, Senior VP (Research), Mehta Equities Ltd
U.S. Dollar Index at 113.17
U.S. 10-year bond yield at 3.74% on Friday
Brent crude up 1.2% to $87.2 per barrel
Nymex crude at $79.76 per barrel
SGX Nifty down 0.68% to 17,215 as of 6:04 a.m.
Bitcoin down 0.2% to $18,859.7
Yes Bank: The bank amended its July 15 release that said that it had successfully exited the reconstruction plan initiated by RBI in March 2020. However, the amended release now states that the bank can only exit reconstruction scheme after RBI confirmation of the compliance certificate and the completion of the three-year lock-in period with respect to 75% of shares held by shareholders.
Britannia Industries: The company has named Rajneet Kohli as executive director and chief executive officer with effect from Sept. 26. It also named managing director Varun Berry as the executive vice-chairman.
Embassy Office Parks REIT: Shareholder Blackstone Inc. will sell 7.2% to 9.6% stake in the company for $400 million, Reuters reported. Abu Dhabi’s sovereign wealth fund is likely to pick up at least half of the stake that Blackstone is to sell, the report added.
RailTel Corporation: The company appointed Sanjai Kumar as Chairman and Managing Director with effect from Sept. 23.
Infibeam Avenue: The company consolidates its Australia, U.S. and Saudi Arabia arm and transferred to company’s UAE‐based wholly owned subsidiary, Vavian International. The company plans to increase its global play in the digital payments space by going aggressively with its flagship brand CCAvenue.
Nestle India: To invest Rs 5,000 crore in India by 2025.
Sagar Cements: The company has appointed K.V.Vishnu Raju as Chairman with effect from Sept. 24.
Unichem Laboratories: The company sells 20% stake in Optimus Drugs Ltd. to Sekhmet Pharmaventures Ltd. for Rs 270.98 crore.
Coal India: The company will sign memorandum of understanding with Bharat Heavy Electricals, Indian Oil Corporation and GAIL (India) for setting up four Surface Coal Gasification projects.
Glenmark: The company along with Bausch Health announced that nasal spray Ryaltris has been approved by Health Canada for the symptomatic treatment of moderate to severe seasonal allergic rhinitis.
Axis Bank: Chief Executive Officer Amitabh Chaudhry to hold press conference for a strategic business announcement.
Tata Motors: Girish Wagh, executive director, to hold webcast on 'Future of Pickups'.
The dollar rallied, bond yields rose, and Asian shares slid amid unrelenting pressure on risk-sensitive assets as fears of faster inflation and global recession continued to rise.
The pound led declines among major currencies on Monday, slumping to a record low as the U.K. Chancellor vowed to press on with the tax cuts that threaten to stoke inflation. The euro fell as investors weighed prospects of Italy under the most right-wing government since World War II.
Shares dropped in Japan and Australia while an index of global stocks plumbed to new lows for the year. The U.S. and European stock futures fell, while equities in Hong Kong fluctuated.
At 7:25 a.m., the Singapore-traded SGX Nifty — an early barometer of India's benchmark Nifty 50 — traded 0.9% lower at 17,176.5 points.
A dollar gauge rose to a record high. The yen slid, while remaining short of the point last week that drew intervention from Japanese authorities.
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