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Sensex up 600 points, Nifty reclaims 15,000 mark

Sensex up 600 points, Nifty reclaims 15,000 mark

21-05-2021  comments

Mumbai (IANS) The key Indian equity indices traded in the green on Friday morning with the BSE Sensex surging around 600 points to reclaim the 50,000 mark.

The Nifty on the National Stock Exchange also traded above the psychological level of…

IndiGo selects 'LEAP-1A' engines for its A320neo aircraft

IndiGo selects 'LEAP-1A' engines for its A320neo aircraft

21-05-2021  comments

New Delhi (IANS) Airline major IndiGo announced on Friday that it has selected CFM International 'LEAP-1A' engines to power its fleet of 310 new Airbus family of aircraft which will be delivered from 2023 onwards.

These aircraft belong…

US officials rushed to defend Amazon biz practices in India: Report

US officials rushed to defend Amazon biz practices in India: Report

21-05-2021  comments

New Delhi (IANS) US officials rushed to defend Amazons business practices in India after a global news wire reported in February that the company had favoured certain sellers on its website and bypassed local law that requires foreign e-commerce companies…

Food supplies to ITIs akin to mid-day meal to schools, so GST exempt

Food supplies to ITIs akin to mid-day meal to schools, so GST exempt

20-05-2021  comments

New Delhi (IANS) The supply of food items under government schemes to Industrial training institutes (ITI) will be treated at par with supply of mid-day meals to schools and not attract GST.

In a ruling, the Authority for Advance Ruling (AAR)…

Adani Green to buy SB Energy's renewable portfolio for EV of $3.5b

Adani Green to buy SB Energy's renewable portfolio for EV of $3.5b

19-05-2021  comments

Ahmedabad (IANS) In one of the largest acquisition in the renewable energy sector in India, Adani Green Energy Limited (AGEL) is set to acquire 100 per cent interest in SB Energy India from SBG (80 per cent) and Bharti Group (20 per cent).

The…

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

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

19-05-2021  comments

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

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

18-05-2021  comments

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

Declining Covid trend pushes equities higher; Sensex above 50K

18-05-2021  comments

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

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

17-05-2021  comments

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

Online gambling soared during Covid pandemic lockdown: Study

17-05-2021  comments

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…

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