Sensex snaps 5-day dropping streak, climbs 642 factors


Mumbai: Sensex and Nifty regained footing on Friday after five days of losses as investors snapped up RIL, FMCG and IT stocks even as global markets tumbled amid concerns over rising US Treasury yields. The Sensex ended 641.72 points higher at 49,858.24. —PTI

New Delhi
TCS to roll out 2nd pay hike in six months

Tata Consultancy Services (TCS) will hand out across-the-board salary increments for 2021-22, becoming the first IT services company to do so. The salary hike rollout will benefit nearly 4.7 lakh employees of the company. This would be the second salary hike within six months. —PTI

Beijing
China bans Tesla cars in military complexes

The Chinese military has banned Tesla cars from military complexes and housing compounds because of concerns about sensitive data being collected by cameras built into the vehicles, Bloomberg News reported on Friday, citing people familiar with the matter. —Reuters

London
British Airways considers selling its HQ building

British Airways has said it was considering selling its headquarters building because of a switch to homeworking during the pandemic means it may no longer need so much office space. The potential sale of the building could boost the airline’s finances which have been hammered bythe Covid. —Reuters



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