#Business

.Kyoto, Japan
The firm said surging sales were propelled by the runaway popularity of the Nintendo Switch. (Representative Image: Unsplash)

  • Net profit jumped 85.7% from a year earlier to 480.4 billion yen
  • Nintendo broke its previous profit record set in 2008-09
  • Nintendo forecast global sales at 25.5 million Switch units for this fiscal year

.London, UK
British Prime Minister Boris Johnson to send two royal navy gunboats to Jersey. (Photo Credit: AP/PTI)

  • Tensions spiralled between the France, UK over post-Brexit fishing rights
  • The spat was sparked by a protest by 50-70 French fishing boats outside Jersey
  • They raised fears of a blockade

.Mumbai, Maharashtra, India
PowerGrid, ONGC, Bajaj Finserv, IndusInd Bank, and NTPC were the major laggards. (Photo Credit: Twitter/@ANI)

  • The BSE benchmark Sensex closed higher by 272.21 points or 0.56% at 48,949.76
  • The NSE Nifty ended with a gain of 106.95 points or 0.73% at 14,724.80
  • On the Sensex chart, Bajaj Auto, HDFC, Infosys, Tech Mahindra and ICICI bank emerged as the prominent gainers

.Mumbai, Maharashtra, India
Sensex gained 50 points in early trade on Thursday. (Photo Credit: PTI)

  • Sensex was trading over 48,000 points at 10.15 am on Thursday
  • Nifty traded below 14,700 points
  • In the previous session, Sensex jumped 424.04 points to close at 48,677.55

.New York, NY, USA
Both AOL and Yahoo eventually lost traction as users moved to newer platforms such as Google and Facebook. (Photo credit: Representational image/Unsplash)

  • Verizon has announced that it will be selling Yahoo for $5 billion
  • It, however, will be retaining a 10% stake in the company
  • In 2017, after being bought by Verizon, Yahoo was mereged with AOL

  • Titan was the top loser in the Sensex pack, shedding around 3%
  • M&M, Bajaj Auto, Maruti, HUL, IndusInd Bank and Nestle India were among the gainers
  • A persistent rise in the second wave of COVID-19 cases is expected to keep economic momentum soft for May

The Centre on Sunday announced a slew of tax measures to bring relief to taxpayers.(Photo Credit: Unspalsh)

  • The Finance Ministry proposed a concessional rate of interest in place of 18% tax for various categories of businesses
  • For those with aggregate turnover of above Rs 5 crore, the initial rate of interest has been slashed to 9% for first 15 days
  • This comes as the country is battling second wave of coronavirus

India has been ravaged by a second wave of COVID-19. (Photo Credit: Pixabay)

Glassware company Borosil has announced that if an employee dies of COVID-19, his/her family will continue to receive the salary for the next two years.

.Mumbai, Maharashtra, India
Sensex and Nifty ended marginally higher as monthly derivatives expired on Thursday. (Photo Credit: PTI)

  • NSE Nifty advanced 30.35 points
  • Bajaj Finserv was the top gainer in the Sensex pack
  • Bajaj Auto, HDFC, HCL Tech and L&T were among the laggards