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Saturday,06-March-2021

Business

Sensex and Nifty opens marginally higher

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Key equity indices opened marginally higher on Monday led by gains in metal and auto sector stocks.

All the sectoral indices on the BSE traded in the green.

The Sensex of the BSE opened at 38,805.54 from its previous close at 38,767.11 on Friday.

At 9.31 a.m., the Sensex traded at 38,845.89 higher by 78.78 points or 0.20 per cent.

The Nifty50 of the National Stock Exchange (NSE) opened at 11,667.00 after closing at 11,643.45 on Friday.

The Nifty traded at 11,668.15 during the morning trade session, up 24.70 points or 0.21 per cent.

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SUV outside Ambani home: Hiren’s autopsy kept ‘reserved’

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The autopsy on the body of businessman Mansukh Hiren — whose body was fished out of the Thane Creek marshes — was completed here early on Saturday, police officials said.

However, the autopsy report, findings and opinion of the four-member medical team, has been kept in reserve while his viscera has been preserved for forensic analysis, said Deputy Commissioner of Police (Zone-I) Avinash Ambure.

Hiren shot into limelight after his stolen SUV Scorpio with 20 gelatin sticks and a purported typewritten threat note was found outside Antilia — the residence of industrialist and Reliance Industries Ltd. Chairman Mukesh Ambani, on Feb. 25.

Hiren’s body is likely to be handed over to his family around noon at their residence in Vikas Palms building in Charai area of the city.

The case has been handed over to the Anti Terrorist Squad, the Thane police as the SRPF deployed tight security outside the Hirens’ residence since earlier in the day.

The Opposition BJP in Maharashtra has demanded a probe by the CBI or NIA, while his family, including wife Vimala, has rejected the ‘suicide by drowning’ theory pointing out that Hiren was an excellent swimmer.

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Man whose SUV with gelatin sticks was parked near Ambani home found dead

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In an intriguing development, police have recovered the body of a Thane-based businessman whose stolen SUV with 20 gelatin sticks was found parked near Antilia, the iconic home of Reliance Industries Ltd. Chairman Mukesh Ambani, officials said here on Friday.

The body of Mansukh Hiren — who had reported his Scorpio SUV as stolen from north-east Mumbai earlier — was fished out of the marshes adjacent to the Thane Creek near Mumbra town.

Reported missing by his family, the police recovered his body around 10.30 a.m. on Friday from Reti Bunder Road near Thane Creek.

Tentatively suspecting it to be a suicide, the Naupada Police has registered an accident death report and is investigating the matter, said officials.

Hiren’s SUV was found on the afternoon of February 25, along with 20 gelatin sticks and a purported threat letter typewritten in broken English, sending shock waves through the country’s corporate and political circles.

The suspiciously parked SUV, which belonged to the deceased Hiren, was apparently left there in the wee hours of February 25 and was detected only after around 12 hours by some locals who alerted the Mumbai Police.

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FarEye acqui-hires logistics tech start-up PY Technology

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Logistics management startup FarEye on Friday said that it has acqui-hired logistics technology startup PY Technology in a bid to scale customer implementation as well as incubate new ideas.

The financial transaction details were not disclosed.

PY Technology, earlier known as PRTouch, was founded by Jignesh Vasani in 2012.

He will be joining FarEye as Vice President, Professional Services, the company said.

Vasani is an entrepreneur and a leader with over 20 years of experience in building blocks aiming towards solving real-life problems.

“I would like to welcome Jignesh and his team on behalf of all of us in this exciting journey to empower brands and carriers globally to deliver better,” Kushal Nahata, CEO and Co-founder FarEye, said in a statement.

FarEye said an increase in online orders and brands building up direct-to-customer channels is accelerating demand that will drive the company’s projected growth of 2.4x in FY20-21, with the US being the fastest growing market for the company.

The company recently announced that in order to capitalise on the unprecedented demand from retailers and logistics and transportation organisations to scale their direct-to-home deliveries, it will hire 100 technology professionals in India and North America in 2021.

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