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India stocks higher at close of trade; Nifty 50 up 0.14% By Investing.com

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© Reuters. India stocks higher at close of trade; Nifty 50 up 0.14%

Investing.com – India stocks were higher after the close on Monday, as gains in the , and sectors led shares higher.

At the close in NSE, the added 0.14% to hit a new 6-months high, while the index added 0.21%.

The best performers of the session on the were Infosys Ltd (NS:), which rose 2.93% or 32.40 points to trade at 1139.20 at the close. Meanwhile, ITC Ltd (NS:) added 2.74% or 4.60 points to end at 172.45 and UPL Ltd (NS:) was up 1.95% or 9.70 points to 507.00 in late trade.

The worst performers of the session were Zee Entertainment Enterprises Ltd. (NS:), which fell 4.99% or 10.00 points to trade at 190.55 at the close. Bharti Airtel Ltd. (NS:) declined 2.81% or 11.95 points to end at 413.25 and JSW Steel Ltd (NS:) was down 2.74% or 8.00 points to 284.00.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:) which rose 2.59% to 172.20, Infosys Ltd (BO:) which was up 2.23% to settle at 1132.30 and Asian Paints Ltd. (BO:) which gained 1.69% to close at 2085.00.

The worst performers were Bharti Airtel Ltd (BO:) which was down 2.83% to 413.10 in late trade, HDFC Bank Ltd (BO:) which lost 1.65% to settle at 1213.40 and Oil And Natural Gas Corporation Ltd (BO:) which was down 1.63% to 69.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1133 to 492 and 77 ended unchanged; on the Bombay Stock Exchange, 1702 fell and 899 advanced, while 180 ended unchanged.

Shares in Infosys Ltd (NS:) rose to all time highs; gaining 2.93% or 32.40 to 1139.20. Shares in Infosys Ltd (BO:) rose to 3-years highs; gaining 2.23% or 24.75 to 1132.30.

The , which measures the implied volatility of Nifty 50 options, was up 3.67% to 21.1275.

Gold Futures for December delivery was up 0.06% or 1.10 to $1927.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 1.63% or 0.66 to hit $39.94 a barrel, while the December Brent oil contract fell 1.38% or 0.59 to trade at $42.26 a barrel.

USD/INR was up 0.41% to 73.312, while EUR/INR rose 0.26% to 86.5190.

The US Dollar Index Futures was up 0.15% at 93.200.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Disneyland unions tell California governor resort can be reopened safely By Reuters

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© Reuters. A general view of the entrance of Disneyland theme park in Anaheim

By Helen Coster

(Reuters) – Unions representing over 10,000 Disney theme park workers have told California Governor Gavin Newsom that the Disneyland Resort in Anaheim, California, can safely reopen when its location moves into the state’s “orange tier” of COVID-19 test positivity and adjusted case rate.

“We wrote you in June 2020 to tell you that we were not yet convinced that it was safe to reopen the parks on Disney’s timetable,” the unions wrote in a letter dated Oct. 17. “Since then, Disney has taken safety measures we advocated, and engaged with their workers’ representatives, (such that) our original position has changed.”

The unions urged Newsom to direct the state’s task force in charge of theme park reopening to meet with them as part of the reopening process.

Walt Disney (NYSE:) Co closed Disneyland in March in an effort to slow the spread of the coronavirus. The company had announced it would reopen the resort on July 17 but later delayed the move indefinitely, saying it had to wait for the state’s guidance.

Disney has reopened all of its other theme parks, including Walt Disney World in Florida, with limited attendance, mask requirements and other safety measures.

Disney executives have urged California to let them reopen Disneyland. On Sept. 29 the company announced it would lay off roughly 28,000 employees, mostly at its U.S. theme parks.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Verizon signs up Microsoft, Nokia to help clients build private 5G networks By Reuters

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© Reuters. A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona

By Supantha Mukherjee and Kenneth Li

STOCKHOLM/NEW YORK (Reuters) – Verizon (N:) said on Monday it has struck deals with Microsoft (O:) and Nokia (HE:) to improve the telecoms giant’s ability to target business customers by offering clients the ability to automate factory floors, lower costs and speed up data traffic through private 5G networks.

Private 5G networks remove the need for businesses to jostle for speed with others on a public network and help enable data-intensive applications that use computer vision, augmented reality and machine learning to increase productivity.

Azure, Microsoft’s cloud computing business, will run on top of Verizon’s 5G network to processes the data generated by machines at the local facility and use artificial intelligence to automate operations. Microsoft launched the new service late last month directed at telecom operators.

U.S.-based logistics company Ice Mobility is the first customer for the new partnership, allowing it to track employees packing the products into the right boxes to skip quality control. (https://wdrv.it/a28ae7c12)

“This is about creating a new business opportunity for everyone,” Verizon’s Chief Strategy Officer Rima Qureshi said. She declined to disclose how the revenue would be shared between Verizon and Microsoft.

While 4G helped create multi-billion dollar businesses ranging from music and video streaming to cab hailing and food delivery, telecom operators seldom got a share of that growth.

Verizon is now keen on taking a share in new businesses that 5G might enable, either by partnering with bigger companies or by buying stakes in smaller ones such as virtual reality company 8i to Swiftmile, which makes charging systems for electric scooters.

In international markets, where Verizon doesn’t have its own network, it is working with Nokia to build private networks for manufacturing and logistics companies.

“Next year will be all about deploying private 5G and not about commercial success and we will start seeing early monetization from 2022 onwards,” Sowmyanarayan Sampath, president of Verizon’s global enterprise business, told Reuters.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Lawsuit accuses Indian hackers of leaking businessman’s emails By Reuters

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© Reuters.

(Reuters) – Iranian-American businessman Farhad Azima has accused a pair of Indian companies of stealing his emails and publishing them to the web, according to a lawsuit filed in federal court in North Carolina.

Azima’s suit alleges that Indian security company CyberRoot Risk Advisory and New Delhi-based BellTroX InfoTech Services carried out the hack-and-leak at the behest of American private intelligence company Vital Management Services, which in turn had been hired by the international law firm Dechert on behalf of the Ras Al Khaimah Investment Authority (RAKIA), an investment fund based in the United Arab Emirates.  

Reuters reported in June that BellTroX was at the center of a years-long hacking campaign that targeted more than 10,000 accounts across the globe, citing three former employees, outside researchers and a trail of online evidence.

BellTroX founder Sumit Gupta could not be reached. Gupta, who is a fugitive from U.S. justice in connection with a separate hacking case, has previously told Reuters he would sometimes “download some mails” on behalf of private investigators but didn’t elaborate and has denied wrongdoing.

The Ras Al Khaimah Economic Zone, which took over RAKIA in 2017, didn’t return messages. Dechert’s global head of communications, Saira Zaki, and Vital’s president, Nicholas del Rosso, also did not respond to messages seeking comment. Dechert and del Rosso have previously denied wrongdoing in relation to the stolen Azima emails. CyberRoot and its executives did not respond to messages.

The lawsuit is the latest skirmish in a battle between Azima – a 79-year-old tycoon with longstanding ties to the Middle East – and RAKIA, which accuses him of fraud in relation to various business deals, including a luxury hotel sale in Georgia and a training academy in Ras Al Khaimah. Azima denies the claims, accusing RAKIA in a U.K. lawsuit of basing its case on emails that he says the authority stole and then leaked.

In May a British judge ruled in favor of RAKIA, ordering Azima to pay more than $4.1 million. The judge also rebuffed Azima’s claim of hacking, saying that while the allegation was “not impossible,” evidence for it was “far from conclusive.” Azima has since been granted permission to appeal the judgment.

Azima also took his case to Washington D.C., where he alleged that RAKIA had violated the Computer Fraud and Abuse Act. The U.S. suit was dismissed last year on jurisdictional grounds.

Although the U.K. litigation has previously mentioned del Rosso, Azima’s new case – filed Thursday – is the first time he has publicly identified the hackers he says are directly involved, naming CyberRoot and BellTroX as the firms responsible for the digital break-in.

Azima alleges in the lawsuit that Chapel Hill, North Carolina-based Vital and del Rosso “paid CyberRoot more than $1 million for the hacking of Azima and the dissemination of his stolen data” and that CyberRoot drew on BellTroX’s assistance in carrying out the work. The suit further states that del Rosso was “hired to do so” by Dechert “on behalf of RAKIA.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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