IDBI Bank launches digitised automated loan processing system for MSME and agri lending

New Delhi (IANS) IDBI Bank Limited has launched a fully digitised, end-to-end, Loan Processing System (LPS) for its MSME and Agri. products.

This new loan processing system seamlessly integrates with data fintechs, bureau validations,…

Indian data centre sector needs $3.7 bn investment by 2023 to meet demand

Mumbai (IANS) India's data centre sector will require investment of $3.7 billion over the next three years in order to fulfill the 6 million square feet greenfield development opportunity for the industry, a JLL report said.

Titled '2020…

Declining Covid trend pushes equities higher; Sensex above 50K

Mumbai (IANS) A steady decline in new Covid cases along with accelerated vaccination drive powered the rise of India's benchmark stock indices during the mid-afternoon trade session on Tuesday.

Accordingly, both key indices started on a…

India's online higher education market to grow 10x in next 5 years

New Delhi (IANS) Buoyed by the continuous remote learning amid the pandemic, the online higher education market in India will grow 10 times over the next five years to reach $5 billion by the financial year 2025, a new report said on Monday.

The…

Online gambling soared during Covid pandemic lockdown: Study

London (IANS) Gamblers were more than six times more likely to gamble online compared to before the Covid-19 pandemic, according to new research.

The study, led by the University of Bristol in the UK, showed while gambling was less frequent…

India imports $6.2bn gold in April

New Delhi (IANS) India's gold imports in April stood at $6.2 billion on the back of strong consumer demand.

During the same period last year gold imports stood at just $2.83 million on account of the nationwide lockdown.

The surge…

GST Council to meet 1st time in 2021 on May 28 to discuss Covid relief

New Delhi (IANS) The GST Council will meet for the first time this year on May 28, through video conferencing.

The meeting coming in the backdrop of the fresh and more deadly Covid wave sweeping the country, is expected to announce a few Covid…

India to become major production hub for ACC batteries: ICEA

New Delhi (IANS) The India Cellular and Electronics Association (ICEA) has welcomed the Rs 18,100 crore Production Linked Incentive (PLI) scheme that has been approved for Advanced Chemistry Cell (ACC) battery storage in the country.

In a statement,…

Covid resurgence subdues equities, auto, metal stocks fall

Mumbai (IANS) Economic impact of Covid resurgence dented investors' sentiments during Friday's afternoon trade session.

Accordingly, both indices traded in the red.

On the sectoral front, other than FMCG all other sectors traded…

PNB, DLF, Tata Steel top bought large cap stocks by MFs in April

Mumbai (IANS) As equity-linked mutual fund schemes witnessed a decline in net inflows in April, Punjab National Bank (PNB), DLF and Tata Steel were among the top bought stocks in large cap by mutual funds.

Inflows into equity funds declined…