Market on a roll: Sensex scales new heights

Mumbai: Equity benchmark Sensex surged nearly 530 points to scale a new closing peak of 40,889.23 on Monday, buoyed by renewed optimism over US-China trade deal and government’s divestment measures to curb fiscal deficit. Likewise, the broader NSE Nifty closed with a gain of 159.35 points, or 1.34 per cent, at 12,073.75 — just shy of its life-time closing high. PTI

WhatsApp to offer Facebook advt credits to startups

New Delhi: Messaging giant WhatsApp on Monday said it will provide 500 DPIIT-approved startups with $500 (around Rs 35,840) each of Facebook ad credits, a move aimed at helping Indian entrepreneurs connect with customers and grow their businesses. With the ad credits, the startups can create ads that invite customers to click to open a chat on WhatsApp so they can deepen connections and increase sales, a statement said. PTI

Apple begins output of iPhones in India: Prasad

New Delhi: Apple has started production of iPhone XR in India for domestic market and exports, underlining the government’s efforts to bolster mobile manufacturing in the country, IT Minister Ravi Shankar Prasad said on Monday. The minister also said that Salcomp, the world’s largest manufacturer and a major supplier of chargers to Apple for iPhone, has reached agreement to take over closed facility of Nokia near Chennai. PTI