9:33 A.M.
Amazon launches bundling service for video streaming apps in India
Amazon.com Inc launched in India on Friday a bundling option on its video platform for global and local streaming services, in a move aimed at boosting subscriptions, Reuters reported.
The Amazon Channels service will help customers using its Prime flagship loyalty programme to subscribe to multiple streaming apps on a single interface, Gaurav Gandhi, the head of Amazon Prime Video in India, told the news agency.
The service is launching with streaming apps from partners including Discovery Inc, Lions Gate Entertainment Corp and Mubi, said Gandhi, adding that India is the 12th country where it is being launched.
9:18 A.M.
Sensex crosses 60,000 mark, Nifty above 17,900
Sensex crossed the 60,000 mark for the first time today as Indian benchmark indices opened on positive note. Sensex opened at 60,158.76, up 273.4 points, while Nifty opened at 17,897.45, up 74.5 points.
On Thursday, the 30-share BSE Sensex zoomed 958.03 points or 1.63% to end at an all-time high of 59,885.36. Similarly, the broader NSE Nifty soared 276.30 points or 1.57% to its new closing high of 17,822.95.
9:09 A.M
Asian stock markets jittery as China woes sap confidence
Asian shares were on edge today hurt by persistent uncertainty around the fate of debt-ridden China Evergrande, even as more risk appetite drove gains for Wall Street and U.S. benchmark Treasury yields, Reuters reported.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.1% and was set for a weekly loss of 0.68%. Australian shares fell 0.41% while the Hong Kong benchmark was mostly flat.
Japan’s Nikkei rose 1.93%. Chinese blue chips reversed early losses to gain 0.6% after a cash injection from the central bank brought its weekly injection to 270 billion yuan ($42 billion) – the largest since January, the report noted.
9:00 A.M.
Major U.S. indices gain more than 1% as investors assess Fed news
U.S. stocks gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve’s stance on tapering stimulus and raising interest rates, Reuters reported. Also helping sentiment, concern about a ripple effect from China Evergrande continued to ease.
The Dow Jones Industrial Average rose 506.5 points, or 1.48%, to 34,764.82, the S&P 500 gained 53.34 points, or 1.21%, to 4,448.98 and the Nasdaq Composite added 155.40 points, or 1.04%, to 15,052.24.
A sign for Wall Street hangs in front of the New York Stock Exchange. File
| Photo Credit: AP
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