Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

L&T, Tata Motors, RBL Bank, Matrimony.com among stocks to watch out for on May 13

<ul><li><keyword id="1837464" type="PERSON" weightage="20" keywordseo="Matrimony-com">Matrimony.com</keyword> runs Bharat Matrimony, a popular platform for <keyword id="6454941" type="UNKNOWN" weightage="20" keywordseo="matchmaking">matchmaking</keyword>.</li><li>The matchmaking business saw its revenue grow by 5.8% on a quarterly basis. </li><li>However, its net profit for the quarter stood at ₹6.77 crore, a 4.6% fall from the recorded profit in the same quarter the previous year. </li></ul>India has been under a <keyword id="91743" type="PERSON" weightage="20" keywordseo="lockdown">lockdown</keyword> since March 25, but even before that social distancing had become the new norm. So, the big fat <keyword id="68773" type="PERSON" weightage="20" keywordseo="Indian-weddings">Indian weddings</keyword> that had been planned had started getting delayed even as early as February. The Indian government has also restricted the number of people present at a wedding at 50 people. However, wedding portal Matrimony.com is still raking in money through its matchmaking portal. The matchmaking business saw its revenue grow by 5.8% on a quarterly basis and a 13% yearly jump. But its marriage services segment – which includes services like photography, catering and decoration, has taken a serious hit. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4FY19 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Matchmaking service revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">93 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">87.8 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">88.6 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">91.06 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">82.15 cr </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Marriage services revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.1 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.2 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.6 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.4 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.9 cr </td></tr></tbody></table> However, its net profit for the quarter stood at ₹6.77 crore, a 4.6% fall from the recorded profit in the same quarter the previous year. “In the last 2 weeks of March, business was impacted due to the unprecedented crisis of COVID-19. The company fell short of ₹100 cr+ billing in matchmaking due to this impact and thereby falling short of a double digit billings growth on a Q/Q basis and Y/Y Basis,” said the company’s investor presentation. Matrimony.com runs Bharat Matrimony, a popular platform for matchmaking. It also added 1.45 million free profiles and 183,348 paid subscriptions during the quarter. "Despite the challenging situation caused by COVID-19, we were able to demonstrate a double-digit revenue growth (13% yoy) in matchmaking and an increase in profitability in Q4. We continue to improve our product and services to provide superior customer experience. Our robust balance sheet will help us to navigate these troubled times and with the right interventions, the business can emerge stronger when the situation improves,” said Murugavel Janakiraman, chairman and managing Director, Matrimony.com. In fact, even during lockdown the platform saw a 30% increase in the number of registrations.“The engagement level of customers and profile acquisitions on our site is growing. To meet the rising demand, we have leveraged our services also,” Janakiraman told <a href="https://www.newindianexpress.com/business/2020/apr/25/lockdown-gives-a-boost-to-indias-online-matrimony-websites-as-usage-surges-2135057.html">New Indian Express.</a> See Also: <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-india-hiring-50000-jobs-available-for-delivery-guys/articleshow/75888254.cms">Amazon India has opened up 50,000 ‘seasonal’ jobs for the post-lockdown surge in e-commerce demand</a> <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-may-not-be-done-selling-stake-in-jio-even-after-one-sixth-of-the-telco-is-already-out-of-his-hands/articleshow/75892898.cms">Mukesh Ambani may not be done selling stake in Jio even after one-sixth of the telco is already out of his hands</a>

Lockdown has deferred weddings in India but online matchmaking is on the rise

<ul><li>The first Indian marriage on the <keyword id="11121339" type="General" weightage="100" keywordseo="metaverse" source="Orion">Metaverse</keyword> had two brand associations too. </li><li>Here's how <keyword id="3313068" type="General" weightage="20" keywordseo="wavemaker" source="Orion">Wavemaker</keyword> helped execute it. </li></ul>Abhijeet and Sansrati who tied the knot on Saturday, February 5th 2022, became India’s first couple to get married on a 3D Metaverse. The wedding took place on <keyword id="13127111" type="General" weightage="20" keywordseo="yug-metaverse" source="Orion">Yug Metaverse</keyword> (made in India metaverse platform). The association was conceptualised, organised and executed by the media agency Wavemaker India for ITC Ltd. and Matrimony.com. <div type="image" title="3D metverse wedding_Bharat Matrimony." msid="89424052" hostid="261"></div> The digital avatars of the couple had their ceremony hosted on a scenic beach side venue where the guests also joined in via their digital avatars. The wedding took place on 5th Feb 2022, 8 pm to 9 pm and coincided with the physical event held in Bhopal. Abhijeet Goel, a tech entrepreneur and Dr. Sansrati from Bhopal met each other online through a matrimonial site. They decided to tie the knot but wanted their friends and family across the globe to be a part of their big day and that’s when they thought of getting married on a virtual platform where everyone can be a part of their wedding without compromising on the safety of their guests. Utkarsh Shukla, creator of Yug Metaverse explains, “Metaverse is a new concept and its adoption is still at an early stage worldwide. We wanted India to lead and be at the forefront of this technology revolution, and hence we built a Metaverse Platform, YUG, in India. The team is excited to explore the possibilities that emerging technologies like metaverse, blockchain &amp; cryptocurrency will open up in future”. Wavemaker, part of GroupM played an instrumental role in crafting partnerships with two major brands – ITC Ltd. and Matrimony.com for this first-of-its-kind 3D wedding on Metaverse platform. Talking about this industry first event, Ajay Gupte, CEO – South Asia, Wavemaker said, “Marketing on Metaverse platform is the next wave in digital marketing. At Wavemaker, we have always aimed to positively provoke our clients and create industry-first innovative work for our brands. We have built an in-house team of experts to help our clients navigate better in this domain and find the right fit to associate with metaverse events. Metaverse is still at its nascent stage and offers us huge opportunity to shape the platform that we really believe in. This is the future of consumer experience and we are all excited to ride this wave.” Talking about the 3D wedding, Arjun Bhatia, Chief Marketing Officer at Matrimony.com said, “As company, Matrimony.com, has been in the forefront of providing rich and transformative experiences for customers in the real world, through constant innovation over the last 22 years. We feel excited about collaborating in a virtual world wedding experiment that opens up immense possibilities of engagement and immersion at YUG metaverse.” Metaverse is a kind of virtual world where people can enter the digital world through virtual identity. In this virtual space, people also get a chance to hang out, shop, and meet friends. Fabelle, the premium luxury chocolate brand from the house of ITC, partnered with this epic event as gifting partner. “At Fabelle we believe in making occasions memorable and experiences unforgettable with our range of luxury chocolates. Metaverse is taking the digital experiences of consumers to the next upgraded version. Fabelle is pleased to be a part of this path breaking wedding concept in the Yug metaverse and making the milestone memorable for the couple”, said Anuj Kumar Rustagi , COO Chocolates, Confectionery, Coffee &amp; New Businesses, ITC Ltd Foods Division. Abhijeet and Sansrati created a scenic beach side wedding environment which could be accessed via Yug platform. The wedding had more than 500 registrations for the wedding. Users could change their avatars, walk through the event and enjoy the dancing floor too. “Metaverses like Yug are a logical evolution of the current 2D Internet to an Immersive 3D Experience akin to the real world. It holds a lot of potential for the future and is progressively on the path of blurring the boundaries between the physical and virtual world. Yug is an open platform where people can create their own experiences like Marriages, virtual events, exhibitions, friends hangout, business meetings and conferences or enjoy experiences created by others. We believe that by making the platform decentralised, it will transform various fields like education, business, commerce and entertainment.” said Shashank, from Yug.

India's first Metaverse wedding had 500 guests, and two brand associations, here's how it was executed

<ul><li>Benchmark index <keyword id="6484188" type="General" weightage="100" keywordseo="sensex" source="Orion">Sensex</keyword> crossed the 62,000 points mark for the first time since December last year. </li><li>Tata Motors, L&amp;T, Asian Paints were amongst the top gainers in morning trade on Tuesday. </li><li>Overall, financial services, auto and FMCG stocks, helped Sensex begin FY24 on a positive note with gains of 3.52% in the last one month. </li><li>Robust buying by foreign institutional investors (FII) in April and May till date have also aided the rally in Sensex and <keyword id="6354813" type="General" weightage="20" keywordseo="nifty" source="Orion">Nifty</keyword>. </li></ul>India’s benchmark index Sensex crossed the 62,000 points mark for the first time since December last year, led by gains in Tata Motors, L&amp;T and Asian Paints, among others. Overall, financial services, auto and FMCG stocks, helped Sensex begin FY24 on a positive note with gains of 3.52% in the last one month. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top gainers </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.90% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.29% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Finserv </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.78% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sun Pharma </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.25% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.54% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">State Bank of India </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.78% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">L&amp;T </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.34% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ITC </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.38% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asian Paints </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.21% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindustan Unilever </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.29% </td></tr></tbody></table> Source: BSE, as on May 9, 2023 Amongst the top gainers in the last one month are Bajaj Finance, Nestle India, Kotak Mahindra Bank, Tata Motors and ITC, with 1 month returns ranging between 11% to 15%. Robust buying by foreign institutional investors (FII) in April and May till date have aided the rally in Sensex and Nifty. While FIIs bought equities worth ₹5,712 crore in April, their buying in May stands at ₹7,652 crore till date. “There are three prominent factors which are driving the ongoing rally in the market: One, better-than-expected strength of the US economy and the increasing confidence that the US will succeed in avoiding a bad recession. Two, strong buying by FIIs who have been continuous buyers during the last eight trading days. Three, fundamental support to the rally from macro indicators such as robust GST collections, improving PMI, high fuel consumption and good credit growth,” said Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. However, the current rally might not last for long, according to analysts. “These positives along with a rising rupee can sustain the rally and take the market higher. But the valuation comfort which was there at the beginning of this rally a month ago is no longer there. This can cap the upside to the market even though the momentum is currently with the bulls,” Vijayakumar added. Gold prices edged up to ₹60,900 per 10 grams while silver stood at ₹77,100 per kilogram. Crude oil prices gained as well, with Brent crude prices hovering at $76.8 per barrel. <cmsannotation type="cmsannotation" annotationid="Global cues mixed" comment="subhead" text="Global cues mixed">Global cues mixed</cmsannotation> Cues in global markets were mixed, with investors focusing on the US banking sector. While Dow Jones closed 0.17% lower, S&amp;P 500 ended on a flat note. The tech-heavy Nasdaq, on the other hand, gained 0.18%. Asian markets were also similarly mixed, with Taiwan Weighted remaining flat. Nikkei 225 was up 0.77%, while Shanghai Composite gained 0.36%. On the other hand, Hang Seng was down 0.4% while KOSPI fell 0.5%. <cmsannotation type="cmsannotation" annotationid="Stocks to watch" comment="subhead" text="Stocks to watch"><keyword id="73648" type="General" weightage="20" keywordseo="stocks-to-watch" source="Orion">Stocks to watch</keyword></cmsannotation> <keyword id="146847" type="General" weightage="20" keywordseo="mankind-pharma" source="Orion">Mankind Pharma</keyword>: Shares of the condom maker’s ₹4,362 crore IPO will debut on exchanges today. The grey market premium of the company’s stock stood at ₹100 indicating a strong listing gain. <keyword id="6358032" type="General" weightage="80" keywordseo="spicejet" source="Orion">SpiceJet</keyword>: The low cost carrier has received a notice from the National Company Law Tribunal (NCLT) as the Ireland based company Aircastle is looking to begin insolvency proceedings against it. PNB Housing Finance: Punjab National Bank has infused ₹498 crore in the rights issue of PNB Housing Finance. <keyword id="333824" type="General" weightage="80" keywordseo="upl" source="Orion">UPL</keyword>: Agriculture solutions provider UPL reported 42% decline in net profit at ₹792 crore for March quarter from ₹1,379 crore last year. Meanwhile, revenue grew 4% to ₹16,569 crore from ₹15,861 crore last year. Kansai Nerolac: The company’s board has approved bonus issue in the ratio 1:2. With this, the authorised share capital will increase from ₹66.5 crore to ₹85 crore. Earnings today: Lupin, Nazara Technologies, Reliance Infrastructure, Matrimony.com, Apollo Tyres, Birla Corporation, Castrol India, Chalet Hotels, Nuvoco Vistas Corporation, Eveready Industries India, Godrej Agrovet, SRF and Westlife Foodworld among companies to release their March quarter earnings today. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/fy23-scorecard-tvs-motor-fares-better-than-bajaj-auto-hero-motocorp-on-profits-and-margins/articleshow/100082560.cms">FY23 Scorecard: TVS Motor fares better than Bajaj Auto, Hero MotoCorp on profits and margins</a> <a href="https://www.businessinsider.in/stock-market/news/rail-vikas-nigam-marks-a-strong-journey-in-2023-share-price-of-68-to-140/slidelist/100069014.cms">From ₹68 to ₹140, this multibagger stock marks a strong journey in 2023</a>

Sensex crosses 62,000 mark for the first time since December; Tata Motors, L&T amongst top gainers

<ul><li>In the Asian market, the <keyword id="90570" type="ORGANIZATION" weightage="20" keywordseo="SGX-Nifty">SGX Nifty</keyword> was trading 0.35% higher at 7:49 am, indicating a green start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst mixed cues from the global markets, the Indian equities are likely to open on a muted note. In the Asian market, the SGX Nifty was trading 0.35% higher at 7:49 am, indicating a green start for Nifty50. However, the US markets ended Tuesday lower with a sell-off in some of the biggest technology companies. This came after US President Donald Trump called off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election. Also, commentary from Fed chair Jerome Powell who warned that US’ economic recovery remains far from complete, and The Dow Jones Industrial Average shed over 375.88 points, whereas the S&amp;P 500 was down over 1.40%. These are the stocks to watch out for during the trading session on October 7: Reliance Industries (RIL) Relentless fund raise continues at Reliance Retail. The Abu Dhabi Investment Authority has invested ₹5,512.50 crore in Mukesh Ambani’s Reliance Retail for 1.20% equity stake. The shares of RIL ended flat yesterday. TCS I-T behemoth TCS will kickstart the earnings season later today. Q2 earnings are expected to be healthy, led by <a href="https://www.businessinsider.in/business/corporates/news/tcs-expected-to-post-higher-revenue-and-margins-led-by-a-streak-of-deal-wins-over-the-last-three-months/articleshow/78511834.cms">deal wins</a>. All eyes will be on the buyback announcement as well. The shares of TCS ended 0.45% higher yesterday. SBI The government has appointed SBI’s senior-most Managing Director, Dinesh Kumar Khara, as the chairman of the country’s largest lender. Khara will replace Rajnish Kumar, who completed his three-year term on Tuesday (October 6). The shares of SBI ended 1.56% higher yesterday. Bajaj Finance The non-banking finance company, Bajaj Finance informed investors that its consolidated deposit book rose by 22.5% to ₹21,600 crore as of September 2020. In a regulatory filing, the company said it acquired 1.2 million (12 lakh) new customers during the July-September quarter. The shares of Bajaj Finance ended 3% higher yesterday. Dixon Tech Dixon Tech subsidiary Padget Electronics has been chosen as the domestic mobile manufacturing partner in the production linked scheme; the company informed investors. It said it applied for two slots and won one. The shares of Dixon Tech ended 1.36% lower yesterday. VA Tech Wabag The water treatment company Va Tech Wabag<a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/c77e7e43-1f8b-4f88-9fa7-4a7df0abf367.pdf"> informed investors</a> that it had dissolved its Brazilian arm VA Tech Wabag Brazil Servicos De Agua E Saneamento Ltda, Brazil. The shares of VA Tech Wabag ended 1.46% lower yesterday. Matrimony.com The management of the match-making website clarified that during the conference, they said they were expecting double-digit growth for ‘billing’ (sales) and not for revenue in the matchmaking business. The shares of Matrimony.com ended 0.74% higher yesterday. Majesco and Zee Learn Majesco and Zee Learn will remain in focus ahead of their financial results due later today. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/house-lawmakers-say-facebook-google-apple-and-amazon-are-monopolies-that-need-to-be-more-heavily-regulated-and-potentially-broken-up/articleshow/78524642.cms" data-type="tilCustomLink">House lawmakers say Facebook, Google, Apple, and Amazon are monopolies that need to be more heavily regulated — and potentially broken up</a> <a href="https://www.businessinsider.in/politics/world/news/trump-tells-his-team-to-end-stimulus-negotiations-until-after-the-election/articleshow/78524017.cms" data-type="tilCustomLink">Trump tells his team to end stimulus negotiations until after the election</a>

Top stocks to watch — SBI, RIL, TCS, Bajaj Finance, Dixon Tech and others

<keyword id="5565" type="COUNTRY" weightage="20" keywordseo="South-Korea">South Korea</keyword> has launched an antitrust investigation into <keyword id="6355629" type="DEFINITION" weightage="20" keywordseo="google">Google</keyword> over its plans to enforce commission fees for in-app purchases made through its mobile application store. The US tech giant has come under intense scrutiny from South Korean regulators along with Indian app developers and entrepreneurs after it updated its global policy late last month to make all apps on its Play store use its proprietary billing system. Under the new policy set to take effect in October next year, Google will take a 30 percent commission on all digital purchases by consumers. South Korean app developers have voiced strong opposition against the move, arguing that it could be in violation of local fair trade and telecommunications laws, reports Yonhap news agency. Joh Sung-wook, chairperson of the Korea Fair Trade Commission (KFTC), told lawmakers during a parliamentary audit that Google's plan is currently being reviewed. "I believe that competition isn't working properly in this industry," she said. "In order to restore competition, we are currently investigating for anti-competitive actions." Google holds a tight grip over local app store sales, with a 63.4 percent share of the total last year at $5 billion, according to the Korea Mobile Internet Business Association. Han Sang-hyuk, head of the Korea Communications Commission, echoed Joh's concerns, and called for inter-agency cooperation over the issue. "We need to monitor the response from other countries and also create a structure for cooperation between local agencies," Han told lawmakers in a separate audit. The country's telecommunications regulator is conducting a separate investigation into Google over its in-app payment policy. Google has argued that it is committed to an open system by offering other app stores on its Android platform and that it will comply with local laws. In response to growing frustration, Google has established a support fund worth $100 million for local app developers and users. Amid growing scrutiny over Google's app store fees, local rival One Store, under the country's top mobile carrier SK Telecom Co., said it would exempt in-app payment fees by 50 percent for app developers with monthly transactions of less than 5 million won until the end of next year. In India, Google faced criticism from developers after it announced its policy asking them to integrate with the Play Store billing system. However, Google said it has extended the time for developers in India who use alternative payment system, to integrate with the Play Store billing system till March 31, 2022. Targeting Google's dominance in the app distribution space in India, leading digital payments platform Paytm on Thursday said it is setting up a Rs 10 crore fund as equity investments for mini app developers in the country. The move, announced at a mini apps developer conference, comes after Paytm launched an Android Mini App Store earlier this week to support local developers. Paytm claimed that over 5,000 developers from across the country expressed their interest in being a part of the Paytm Mini App programme. Several Indian entrepreneurs came out in support of Paytm's initiative. "Google's tax is like a distributor asking for 30 per cent of the sales revenue as a cut. Today, we are all at the mercy of Google. We don't know when they will remove the apps, based on some policy that they decide," Murugavel Janakiraman, Founder &amp; CEO, Matrimony.com, said in a statement. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/tcs-beats-accenture-to-become-the-worlds-most-valuable-it-services-company/articleshow/78566487.cms">TCS beats Accenture to become the world’s most valuable IT services company — but this not the first time it has raced ahead</a> <a href="https://www.businessinsider.in/india/news/union-minister-ram-vilas-paswan-dies-at-74/articleshow/78558640.cms">India's consumer affairs minister Ram Vilas Paswan passes way at 74</a> <a href="https://www.businessinsider.in/science/space/news/mars-will-appear-bigger-redder-and-brighter-on-october-13-and-wont-get-this-close-to-earth-again-until-2035/articleshow/78556539.cms">Mars will appear bigger, redder, and brighter on October 13 — and won’t get this close to Earth again until 2035</a>

South Korea launches anti-trust probe against Google over Play Store violations

<ul><li><keyword id="6355629" type="ORGANIZATION" weightage="100" keywordseo="google">Google</keyword> says the <keyword id="5189" type="ORGANIZATION" weightage="20" keywordseo="competition">Competition</keyword> <keyword id="6355822" type="ORGANIZATION" weightage="20" keywordseo="commission">Commission</keyword> of India's (<keyword id="47183" type="ORGANIZATION" weightage="20" keywordseo="CCI">CCI</keyword>) ‘anti-trust’ ruling, accusing it of search bias, could cause the company irreparable harm. </li><li>The CCI issued a ₹1.36 billion ($20 million approximately) fine against Google. </li><li>Google has been accused of abusing the dominant position in the market on three counts. </li></ul> The multinational technology giant, Google, <a href="https://www.usnews.com/news/technology/articles/2018-05-17/google-says-india-anti-trust-ruling-could-cause-irreparable-harm-document">claimed</a> that the ruling by India’s anti-trust watchdog -- the Competition Commission of India (CCI) -- could cause ‘irreparable harm’ to the company as well as reputational loss. The probe into <keyword id="45395" type="ORGANIZATION" weightage="20" keywordseo="Google-India">Google India</keyword> that started eight years ago <a href="https://www.techradar.com/news/new-standards-for-the-indian-online-market-as-google-gets-sued">resulted</a> in a ₹1.36 billion ($20 million approximately) fine by the CCI, this February, for abuse of dominant position in the market by tampering with their online search results and preventing partners for using search services by Google’s competitors. The statement from Google comes ahead of the <a href="https://www.techradar.com/news/google-appeals-against-ccis-fine-due-to-abuse-of-dominant-position">appeal</a> hearing set for May 28 by the <keyword id="6396354" type="ORGANIZATION" weightage="20" keywordseo="national-company-law-appellate-tribunal">National Company Law Appellate Tribunal</keyword> (NCLAT) against the CCI’s ₹1.36 billion ($20 million approximately) fine issued. It was seen in a document reviewed by news agency <a href="https://www.reuters.com/article/us-india-google-antitrust/google-says-india-anti-trust-ruling-could-cause-irreparable-harm-document-idUSKCN1II217">Reuters</a>. What Google is accused of and why After the verdict, the <keyword id="2994892" type="ORGANIZATION" weightage="20" keywordseo="Alphabet-Inc">Alphabet Inc</keyword>. subsidiary stated that the Commission put forth ‘narrow concerns’ but since the company filed an appeal, the issue may be more grave than it appears. The order specifically said that it, “requires Google to change the way it conducts business in India on a lasting basis and the way it designs its search results page in India.” The accusation of anti-trust practices have been levelled on three counts. One, Google was promoting its own services in the search results, specifically when it comes to providing flight options. Second, the ‘universal results’ that were presented were based on Google’s preferences rather than actual relevance. And third, the prohibitions placed on partners to avoid other search engines were unfair and restrictive. Nonetheless, Google that obtained a partial stay on the CCI’s ruling only had to deposit a partial amount of the imposed penalty. Meanwhile, a local matchmaking website Matrimony.com has filed its own appeal against the CCI ruling claiming that the Alphabet Inc. subsidiary has gotten off too lightly. The events of May 28 will tell if the CCI’s concerns are truly ‘narrow’ or if their practices have had a <a href="https://timesofindia.indiatimes.com/business/india-business/google-appeals-against-cci-ruling/articleshow/63710821.cms">detrimental</a> effect on the economic welfare of India.

You Searched For "Matrimonycom" and got 7 results

L&T, Tata Motors, RBL Bank, Matrimony.com among stocks to watch out for on May 13

Bhakti Makwana

Lockdown has deferred weddings in India but online matchmaking is on the rise

Sanchita Dash

India's first Metaverse wedding had 500 guests, and two brand associations, here's how it was executed

BI India Partner

Sensex crosses 62,000 mark for the first time since December; Tata Motors, L&T amongst top gainers

Bhakti

Rounak

Top stocks to watch — SBI, RIL, TCS, Bajaj Finance, Dixon Tech and others

Navdeep Yadav

South Korea launches anti-trust probe against Google over Play Store violations

IANS

Google says India’s ‘anti-trust’ ruling could cause irreparable harm

Prabhjote Gill

Popular Keywords

Buying Guides