Market Today

1. Eros International shares surge 10% on merger with Hollywood's STX Entertainment

"The deal, which comes at a time the entire movie production sector is shut in major global markets due to the COVID-19 pandemic, will see STX merging into the NYSE-listed Eros International and creating an enterprise with a $1 billion valuation", said Pradeep Dwivedi, the chief executive for Eros International Media.

2. Electric vehicle demand witnesses 20% jump in FY20

According to data by Society of Electric Vehicle Manufacturers (SMEV), 1,52,000 electric two-wheelers, 3,400 electric passenger vehicles (ePVs) and 600 electric buses were sold during 2019-20.

3. Real Estate In Telangana To Be Bullish Post Covid-19

Government of India estimates the economic loss as 6 to 7 lakh crores. Out of this, real estate is 1 lakh crore. In this scenario, developers will not reduce the prices but offer some discounts to sell the properties.

Real estate sector will become bullish and positive post Covid-19 and Hyderabad will remain the most favorite investment destination, real estate experts and consultants have forecast.

4. Coronavirus impact: Tata Motors global sales down by 35 per cent

The company has released a statement saying its group global wholesales, including Jaguar Land Rover, stood at at 2,31,929 units in the January-March quarter, lower by 35 per cent compared to Q4 figures in 2019.

5. Alibaba to pump $28 billion into cloud computing to handle coronavirus traffic

The Chinese tech giant will use the cash to build more data centers, as well as fund internal development of supportive tech like AI accelerator chips and semiconductors.