Business
Sensex Rises Over 300 Points, Nifty Trades Above 17,400; Hero MotoCorp, Tata Motors Top Gainers
Indian stock indexes were higher on Thursday, with auto stocks rising at the start of trading. The benchmark BSE Sensex was up 320 points, or 0.55%, at 58,317 as of 9:23am, while the broader NSE Nifty was up 97 points, or 0.56%, at 17,420.
Asian stocks were mostly higher, while bond yields continued to fall as investors weighed on the coronavirus outbreak in Russia and Ukraine. Fears of a super-hawkish movement to raise interest rates faded overnight after minutes from the latest policy meeting suggested central bankers were taking a more measured, data-driven approach.
Domestically, small and midcap stocks were positive, with the Nifty Midcap 100 up 0.33% and small caps up 0.35%.
In terms of specific stocks, Hero MotoCorp was Nifty’s best performer, up 2.36% to £2,852.70. Tata Motors, Indian Oil Corp, Eicher Motors and Grasim Industries were also winners.
On the other hand, Shree Cement, Axis Bank, SBI Life, Sun Pharma and Britannia Industries lag behind.
In BSE, the overall market breadth was positive, with 1,841 stocks advancing and 673 declining.
On the 30-stock BSE platform, Mahindra and Mahindra, NTPC, Titan, PowerGrid, HDFC and ITC were the biggest gainers, with their shares rising as much as 1.08%.
Complete News Source : NDTV
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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