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Business news live: Sensex, nifty hit record highs

11:02 A.M.

Sensex, nifty hit record highs

Sensex hit a fresh record of 53,292.82, while Nifty rose to an all-time high of 15,982.75.

10:40 A.M.

UST to hire over 10,000 techies in 2021

UST, a digital transformation solutions firm, on August 3 said it has plans to hire over 10,000 new employees across the globe in calender 2021.

The California-based company will recruit over 10,000 techies with proficiencies and skills in digital transformation, cybersecurity, cloud infrastructure, Java, data science and engineering, application development and modernisation, AI/ML, robotic process automation and intelligent process automation.

10:13 A.M.

Indian indices open higher, rise in early trade

Sensex approaches all-time high, tops 53,200, Nifty around 15,950 led by IT, auto stocks

10:03 A.M.

Tata hikes prices of passenger vehicles

Tata Motors has announced that effective August 3, it will increase prices of passenger vehicles on an average of 0.8%, depending on the variant and model.

However, for its “New Forever” range, the company will offer protection from the price increase to vehicles that will be retailed on or before August 31.

9:15 A.M.

IMF approves big increase in funds to alleviate pandemic impact

The governing body of the International Monetary Fund has approved a $650 billion expansion in the agency’s resources to support economically vulnerable countries battling the coronavirus pandemic and the economic downturn it has caused.

The 190-nation lending institution said on Monday, August 2, 2021, that its Board of Governors approved the expansion of its reserves known as Special Drawing Rights, the largest increase in the institution’s history.

“This is a historic decision … and a shot in the arm for the global economy at a time of unprecedented crisis,” IMF Managing Director Kristalina Georgieva said. “It will particularly help our most vulnerable countries struggling to cope with the impact of the COVID-19 crisis.”

9:10 A.M.

Asian stocks slip; oil prices rise

Asian stocks slip as Delta variant raises concern among investors

Oil prices rise amid fear of covid curbs and slow factor activity

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