Shares of Everest Industries hit an all-time high of Rs 748.90, rallying 14 per cent on the National Stock Exchange (NSE) in Friday’s subdued market on the back of heavy volumes. At 10:16 am, the S&P BSE Sensex was down 0.09 per cent at 17,289 points. The trading volumes on the counter more-than-doubled with a combined 597,000 shares having changed hands on the NSE and BSE in first one hour of trade.

Since December 2021, the stock of the building products company has zoomed 100 per cent from a level of Rs 374.65 on November 30, 2021.

Israeli chipmaker Tower Semiconductor, which was recently acquired by Intel for $5.4 billion, is actively in discussions with the Indian government to set up a manufacturing facility in India, according to a source close to the developments.

In September last year, the company had threatened to pull the plug on its plan to set up a facility in India as it wrote a letter to the Centre complaining about lack of clarity on the government’s policy for chipmakers.

Ten gram of 24-carat gold is selling at Rs 49,970 on Friday, down by Rs 430 since the last trade.

Gold of 22 carat is selling at Rs 45,800, decreasing by Rs 400 from Thursday according to the Goodreturns website. One kg of silver is selling at Rs 63,400, increasing by Rs 400.

FMCG major Nestle India Ltd on Thursday reported a 20 per cent decline in its net profit at Rs 386.66 crore for the fourth quarter ended December 31, 2021.

The company, which follows a January-December financial year, had posted a profit of Rs 483.31 crore in the same period a year ago, Nestle India said in a regulatory filing.

Online shoppers in India are seeking new experiences in the age of social and video commerce and this has given digital-first brands a massive $250 billion market opportunity by 2030, a new report has shown.

India's e-tailing gross merchandise value (GMV) reached $53 billion in 2021, demonstrating post-Covid acceleration.

Leading digital payments platform PhonePe on Thursday announced that NITI Aayog, in association with the platform, will be hosting the first-ever open-to-all hackathon that aims to showcase path-breaking solutions for the fintech ecosystem.

The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code.

Aditya Birla Fashion & Retail Ltd (ABFRL) expects to see over 10 per cent of its revenue come from new age digital brands over the next 3-5 years.

The fashion retail chain recently received its Board of Director’s approval to set-up a subsidiary which will invest in direct-to-consumer (D-2-C) brands and also organically create its own brands across fashion, beauty and other allied lifestyle segments.

Shares of FSN e-Commerce Ventures, the parent company of beauty e-tailer Nykaa, continued to remain under selling pressure, hitting a new low of Rs 1,371.35, on slipping 9 per cent on the BSE in Thursday’s intra-day trade.

At 11:01 am; the stock traded 6 per cent lower at Rs 1,416, as compared to a 0.11 per cent rise in the S&P BSE Sensex. The trading volume at the counter nearly doubled with a combined 2.8 million equity shares changing hands on the NSE and BSE.

Shares of Adani Group of companies were buzzing on the bourses on Thursday, soaring up to 8 per cent on the BSE, in an otherwise range-bound market on the back of heavy volumes.

Adani Green Energy, Adani Power, Adani Transmission and Adani Total Gas were up in the range of 3 per cent to 8 per cent, while Adani Enterprises and Adani Ports and Special Economic Zone added 1 per cent.

Jaguar Land Rover has formed a multi-year strategic partnership with graphics chip giant Nvidia to develop software for its SUVs launching in 2025 and later.

Starting in 2025, all new Jaguar and Land Rover vehicles will be built on the Nvidia Drive software-defined platform with an aim to deliver a wide spectrum of active safety, automated driving, and parking systems as well as driver assistance systems.

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