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Will the momentum take Nifty to a new high above 21,200- See GIFT Nifty, FII data, F&O ban, crude, more before market opens

Business August 29, 2024 • Comments off

GIFT Nifty indicated a positive start for domestic indices BSE Sensex and NSE Nifty 50. Here’s a look at the things to know ahead of the opening bell on Monday.

GIFT Nifty traded up 83 points or 0.14% at 21,423, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 jumped 256.35 points or 1.23% to settle at 21,182.70, while the BSE Sensex soared 926.60 points or 1.34% to 70,514.20.

“Markets resumed uptrend after a breather and gained over a percent, tracking favorable global cues. Firm US markets triggered a gap-up start in Nifty, which further strengthened as the session progressed. Eventually, it settled closer to the day’s high at 21,182.70 levels. All key sectors participa…

Popular Vehicles IPO allotment on March 15; Here’s how you can check allotment status

Business August 29, 2024 • Comments off

Popular Vehicles and Services IPO allotment to be finalised on March 15. It is expected that the company’s shares may get listed on bourses on March 19. The investors can check the allotment details on the registrar’s website.

Here’s how you can check the allotment:

Step 1

The Traumatized Content Moderators Behind TikTok’s Boom

Business August 28, 2024 • Comments off

Content warning: This story contains description of extreme and disturbing violence, suicide, child abuse and cruelty to animals.

Luis, a 28-year-old student from Colombia, works through the night moderating videos for TikTok. During the day, he tries to get some sleep, but sometimes the videos haunt his dreams.

He remembers one video taken at a party, with two people holding what initially looked to him like pieces of meat. When they turned around, it appeared they were holding skin and gristle which had been flayed off human faces. “The worst thing was that the friends were playing games and started using the human faces as masks,” he says.

Luis reeled off a list of the kind of content he sees on a regular basis: “Murder, …

Biden Pushed Companies to End Junk Fees. What to Know

Business August 28, 2024 • Comments off

Odds are you’ve been asked to pay a small convenience fee when making an online transaction or credit card payment. But these economic annoyances could be coming to an end.

Several ticketing and travel companies, including Airbnb, Live Nation and SeatGeek, are committing to get rid of surprise fees at checkout amid pressure from President Joe Biden’s Administration to make it easier for consumers to see the full price of tickets before purchasing.

The changes come after Live Nation Entertainment, the California-based parent company of Ticketmaster, faced criticism over hidden fees and widespread glitches during sales for Taylor Swift’s latest tour. Live Nation said Thursday that it will begin providing customers with upfront all-in pricing by September at t…

Why All LVMH Employees Will Get ‘Climate Training’

Business August 23, 2024 • Comments off

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Earlier this year, luxury goods company LVMH made headlines when it became the first European company to top a $500 billion market cap, helping make its founder Bernard Arnault the wealthiest person in the world.

At the same time, and less noticed by the global media, the company has made a wave of climate commitments to rethink how it does business. These caught my eye both because of the fashion industry’s enormous and growing environmental footprint and because of LVMH’s pole position as perhaps the industry’s most recognizable company. So with those factors in mind, a few weeks ago in Paris I sat down with Hélène Valade, who oversees en…