Capital markets to play bigger role in funding economic growth: SEBI chief

New Delhi (IANS) Markets regulator Securities and Exchange Board of India's (SEBI) Chairman Ajay Tyagi on Wednesday said that a large part of the non-banking financial intermediation is happening through the capital markets, and going ahead, they…

FMCG revenue growth seen doubling to 10-12% this fiscal: Crisil

New Delhi (IANS) Revenue growth of the fast-moving consumer goods (FMCG) sector will double from 5-6 per cent reported for last fiscal to 10-12 per cent in 2021-22, said Crisil Ratings.

Accordingly, the trend is expected to be driven by price…

Flipkart Pay Later targeting 2X growth over next six months

Bengaluru (IANS) Homegrown e-commerce marketplace Flipkart India plans major expansion of its Flipkart Pay Later credit offering, riding on the phenomenal growth of micro credit services in the country brought about by a fintech revolution.

The…

Sensex inches higher to reclaim 53,000-mark amid choppy trade

Mumbai (IANS) The Indian stock market traded on a choppy note on Monday morning with the BSE Sensex reclaiming the 53,000-mark.

Healthy buying was witnessed in healthcare and IT stocks.

Around 10.20 a.m., Sensex was at 53,007.05, higher…

BYJU's acquires Singapore-based Great Learning for $600M

New Delhi (IANS) BYJU'S has acquired professional and higher educational startup, Great Learning for $600 million.

The partnership marks BYJU'S' entry into the professional and higher education segment with a $1 billion commitment.

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Mumbai (IANS) Foreign portfolio investors (FPI) have withdrawn net investment of Rs 5,689 crore so far in July from the Indian equities segment.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