Paytm quashes reports of stake sale by investors

New Delhi (IANS) Quashing rumours of a stake sale, sources close to India's leading financial services and payments firm Paytm said that global fintech giant Ant Financial is not planning to sell its shares in the company.

While reports…

Maruti Suzuki's Nov sales grow 1.7%

New Delhi (IANS) Automobile major Maruti Suzuki on Tuesday reported a growth of 1.7 per cent in its overall sales during November 2020 on a year-on-year basis.

The company sold 1,53,223 units of vehicles last month, against 1,50,630 units sold…

Rlys got environmental clearances for Mumbai-Ahmedabad Bullet train

New Delhi (IANS) The Indian Railways has got all the requisite wildlife, forestry and coastal regulation zone clearances in Gujarat and Maharashtra for the 508-km Ahmedabad-Mumbai High Speed Rail Corridor, officials said on Tuesday.

Addressing…

Banks acting as villains for traders, alleges CAIT

New Delhi (IANS) The Confederation of All India Traders (CAIT) on Monday urged Union Finance Minister Nirmala Sitharaman to prevent banks from entering into an "unholy nexus" with e-commerce companies which is damaging "small businesses".

…

Innovative Growth: Savlon enters PPE segment, on way to become Rs 1K cr consumer spend brand

New Delhi (IANS) Innovating its way to become a Rs 1,000 crore consumer spend brand in FY21, health and hygiene products major ITC Savlon has entered into the PPE sub-segment.

Traditionally, known for its disinfectant liquids and soaps,…

Pandemic and economic uncertainty darken Black Friday in Spain

Madrid (IANS) Black Friday, one of the most anticipated days by consumers, could indeed be a black day for retailers in 2020 as millions of Spaniards change their shopping habits, preferring to either buy online or buy nothing at all, according to…

Amazon, Baido lead as Smart Displays sales hit 9.5mn units in Q3

New Delhi (IANS) Move beyond smart speakers as smart displays have come of age and in Q3, the sales of smart display speakers rose by 21 per cent (on-year) to reach 9.5 million units while sales of basic smart speakers (without a display) fell by…

Oct retail inflation for industrial workers increases to 5.91%

New Delhi (IANS) The retail inflation for industrial workers increased to 5.91 per cent in October.

In September, the retail inflation for industrial workers stood at 5.62 per cent in September.

Food inflation stood at 8.21 per cent…

Etailers log record Rs 61,253 crore sales in India festive month

Bengaluru (IANS) The festive online sales in India beat industry estimates to clock $8.3 billion (nearly Rs 61,253 crore) in the October 15-November 15 period -- an impressive growth of 65 per cent (on-year), a new report said on Friday.

The…

Adani, Piramal, Oaktree may vie for entire DHFL portfolio in fresh bids

Mumbai (IANS) In a major turn of events in the DHFL resolution process, the Committee of Creditors (CoC) is likely to invite fresh bids for the bankrupt NBFC and sources say that Adani Group, Piramal Enterprises and Oaktree may bid for the entire…