Business
Paytm's diversified businesses bring massive revenue, leave behind its competitors

Paytm's diversified businesses bring massive revenue, leave behind its competitors

02-06-2021  comments

New Delhi (IANS) Fintech giant Paytm's parent company One97 Communications Limited is headed for a $3 billion initial public offering (IPO), the highest ever market debut in India, and while the market leader has established its presence across…

Nifty turns flat after touching new high

Nifty turns flat after touching new high

01-06-2021  comments

Mumbai (IANS) The Nifty50 on the National Stock Exchange (NSE) gave up initial gains to turn flat after touching a new record high on Tuesday morning.

Nifty50 touched an all-time high of 15,660.75 earlier in the session.

Around 10.30…

TN govt finds Wipro's factory not following Covid SOPs, labour laws

TN govt finds Wipro's factory not following Covid SOPs, labour laws

01-06-2021  comments

Chennai (IANS) Tamil Nadu's Industrial Safety and Health Department has issued show cause notice to hydraulic cylinder maker Wipro Enterprises Pvt Ltd for violating Factories Act and allied labour laws at its plant near here.

The Department…

Crude, Covid weight heavy on airline sector: Ind-Ra

Crude, Covid weight heavy on airline sector: Ind-Ra

01-06-2021  comments

Mumbai (IANS) Rising crude oil prices, along with the impact of Covid's second wave, have substantially increased the challenges for India's airline sector, India Ratings and Research said.

"Ind-Ra believes challenges for the airlines…

Nifty at record high, crosses 15,500 for the first time

Nifty at record high, crosses 15,500 for the first time

31-05-2021  comments

Mumbai (IANS) The Nifty50 on the National Stock Exchange recorded a new high on Monday as it crossed the 15,500 mark for the first time in its history.

It touched a record high of 15,508.50.

Around 10.56 p.m., Nifty was trading at 15,507.10,…

Covid Casualty: India's YoY FY21 GDP plunges to 7.3%

Covid Casualty: India's YoY FY21 GDP plunges to 7.3%

31-05-2021  comments

New Delhi (IANS) Covid-19-induced volatility heavily dented India's economy last fiscal as its growth rate plunged (-) 7.3 per cent in 2020-21.

Though not comparable, the GDP had grown by 4 per cent in 2019-20.

The pandemic-triggered…

470 infra projects report 'cost overrun' of Rs 4.38L cr

470 infra projects report 'cost overrun' of Rs 4.38L cr

30-05-2021  comments

New Delhi (IANS) As many as 470 infrastructure projects reported cost overrun of over Rs 4.38 lakh crore as of May 1, 2021.

The Flash Report on Central sector projects for April published by the Ministry of Statistics and Programme Implementation…

Civil aviation now under ECLGS, norms eased to support smaller businesses

Civil aviation now under ECLGS, norms eased to support smaller businesses

30-05-2021  comments

New Delhi (IANS) The Centre has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to bring the civil aviation sector under the ambit of the scheme.

Announcing ECLGS 4.0 on Sunday, the Finance Ministry also said that the current ceiling…

India's forex reserves rises by over $2.8 bn

India's forex reserves rises by over $2.8 bn

29-05-2021  comments

Mumbai (IANS) India's foreign exchange reserves rose by $2.865 billion during the week ended May 21.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $592.894 billion from $590.028…

Tata Digital acquires majority stake in BigBasket

Tata Digital acquires majority stake in BigBasket

28-05-2021  comments

Mumbai (IANS) Tata Sons' subsidiary Tata Digital on Friday said it has acquired a majority stake in supermarket grocery supplies private limited, the company which is better known as BigBasket.

According to the company, E-grocery has been…

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