News update_03rd November,2017.

Market opens at fresh record high; Bharti Airtel surges 4%

Benchmark equity indices BSE Sensex and NSE Niftyscaled fresh record highs in early trade on Friday on account of buying select telecom, metal, pharma and banking stocks amid firm global cues. The 30-share Sensex was trading 92 points up at 33665 around 9.20 am (IST), while the 50-share Nifty index was up 23 points, or 0.22 per cent, at 10,447 at around the same time.

Source The Economic Times

Khadim India IPO opens; Should you subscribe? 

The Rs 543 crore initial public offering (IPO) of Khadim India hit the capital market on Thursday. It saw a 14 per cent subscription on Day 1 of the bidding process. The issue received 7,16,960 bids out of a total of 50,73,006 on offer by 5.30 pm (IST).
The third largest footwear retailer is looking to sell equity shares aggregating up to Rs 50 crore in fresh issue, in addition to an offer for sale (OFS) of up to 65,74,093 equity shares by existing shareholders.

Source The Economic Times

More volatility likely in 2018: Geoff Lewis, Manulife AM 

Talking to ET Now, Geoff Lewis, Manulife AM, says that with Jerome Powell as Fed chair, markets are likely to assume that we will see a very gradual monetary policy in the US and that nothingmuchhaschanged.

Source The Economic TIMES

Tough times ahead for telecom employees; up to 30,000 face axe 

BENGALURU/NEW DELHI: Job losses arising out of consolidation in the telecom sector are likely to extend over the next year, with a range of positions across categories likely to be affected, placement firms said. However, the prospects for those laid off are not entirely bleak: alternative jobs are available, although candidates may have to upgrade their skills and settle for lower salaries.

Source The Economic Times

PM Narendra Modi visits Akshardham, reaches out to Patels 

Prime Minister Narendra Modi today attended the silver jubilee function of the Akshardham temple of the Bochasanwasi Shri Aksharpurushottam Swaminarayan Sanstha (BAPS) here which has many followers in the Patidar community in Gujarat.

Source The Economic TIMES

 Kishore Biyani’s ‘Retail 3.0’ blend of technology with brick & mortar

Future Group’s Kishore Biyani plans to launch a new digital strategy ushering what he calls Retail 3.0, which will blend technology with brick and mortar retail. The new avatar will be launched in the coming weeks and will be called Tathastu.

Source THe Economic Times