16 unicorns, $11bn funding: Indian startups rise sans Chinese money

New Delhi (IANS) The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt.

With 16 unicorns (startups with a valuation of over $1 billion) and more than $11 billion in…

FPIs pull out net investment of Rs 5,689 cr in July

Mumbai (IANS) Foreign portfolio investors (FPI) have withdrawn net investment of Rs 5,689 crore so far in July from the Indian equities segment.

The outward flow of FPIs can be attributed to the global concerns over multiple variants of Covid-19,…

New-age stocks poised to enter Nifty50 index

Mumbai (IANS) New-age stocks are seen poised to enter the Nifty50 index, with Info Edge (India) being the closest contender.

An ICICI Securities report said that based on data till July 19, the upcoming semi-annual NIFTY50 reshuffle could result…

Railways opens bid to operate 29 private trains

New Delhi (IANS) The Indian Railways on Friday said that it has opened bids for operating 29 pairs of trains in public-private partnership (PPP) with around 40 modern rakes entailing an investment of Rs 7,200 crore.

A railway spokesperson said…

We can make next 30 years the best in India's history: Mukesh Ambani

New Delhi (IANS) "I am supremely hopeful and confident about the Rise of New India. I can see that the spirit of India is more resurgent than ever before", Mukesh Ambani, Chairman, Reliance Industries Limited (RIL) wrote in Times of India.

Ambani…

Go First operates first night flight from Jammu to Delhi

New Delhi (IANS) Budget airline Go First, formerly known as GoAir, has operated the first ever night flight from Jammu to Delhi.

Accordingly, the flight 'G8 196' - took off at 8.00 p.m. on Friday and was operated on Airbus A320neo.

Vodafone Idea shares dip as SC dismisses plea on correction of AGR calculation

Mumbai (IANS) Shares of Vodafone Idea plunged over 7 per cent on Friday after the Supreme Court dismissed the plea by telecom operations to correct the alleged errors in Adjusted Gross Revenue (AGR) calculation.

At around 12.20 p.m., shares…

SEBI extends timeline for top 100 companies to hold AGM

Mumbai (IANS) The Securities and Exchange Board of India (SEBI) on Friday extended the timeline for the top 100 companies to hold their Annual General Meetings (AGM) due to the ongoing pandemic situation.

In a circular, the capital market regulator…

SEBI chief says IPOs like Zomato show maturity of Indian market

Mumbai (IANS) Amid several concerns raised over the successful IPO of Zomato which has been running in losses, SEBI Chairman Ajay Tyagi on Thursday said that recent public offerings show the maturity of the Indian market that is accepting the business…

E-commerce marketplace entity shall not sell any goods owned or controlled by it

New Delhi (IANS) In major changes to e-commerce rules, the Ministry of Consumer Affairs has specified that an e-commerce marketplace entity shall not sell any goods owned or controlled by it on such e-commerce marketplace platform. All the sellers…