Indian firms line up for 2nd Gen Oracle Cloud to boost growth

New Delhi (IANS) Cloud major Oracle on Monday announced that several Indian businesses like Polycab, Religare Broking and Mphasis have moved on to its second-generation cloud services in the country, amid the rising demand for secure, enterprise-grade…

Sharp fall in market, Sensex plunges over 1,500 points

Mumbai (IANS) The Indian stock market witnessed a slump on Monday with the BSE Sensex falling over 1,500 points.

Across-the-board sell-off took place during the afternoon trade session, led by banking, finance and oil and gas stocks.

Fresh…

Six bidders submitted bids for Reliance Home Finance

New Delhi (IANS) Six bidders have submitted bids for Reliance Home Finance Limited (RHFL).

Of these, only two bidders submitted compliant and binding bids and other four bids are non-binding and not compliant with bid conditions.

The…

Additional borrowing permission of Rs 16,728 Cr granted to 5 states

New Delhi (IANS) Centre has granted permission for additional mobilise additional financial resources to the tune of Rs 16,728 crore through open market borrowings to five states.

The permission has been granted as the state have so far completed…

Petrol, diesel prices hold for 12 days even as crude rises over $52/b

New Delhi (IANS) Oil marketing companies continued to hold back any change in retail price of petrol and diesel continuing with their wait and watch stance that has kept the prices of two auto fuels static for past 12 days.

Accordingly, there…

Apple puts Wistron on probation after violence at India plant

Bengaluru (IANS) One week after violence broke out at Wistron Corporation's plant near Bengaluru where iPhones and other IT products are manufactured, Apple on Saturday placed the Taiwanese tech giant on probation after finding that the company…

Sensex turns negative after touching 47,000 for first time

Mumbai (IANS) The BSE Sensex opened above the psychological mark of 47,000 for the first time on Friday. It, however, could not hold on to the gains and turned negative in the next few minutes.

It opened at an all-time high of 47,026.02 points.

Reliance and BP announce first gas from Asia's deepest project

New Delhi (IANS) Reliance Industries Limited (RIL) and BP on Friday announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the Kakinada coast.

RIL and BP are developing three deepwater gas projects…

'Inflation seen elevated in 2021, may decline by that year-end'

Mumbai (IANS) Inflation in India may continue to be elevated in 2021, according to a report by ICICI Securities.

The report, however, predicted an ease in inflation by the end of next year.

"We expect inflation to remain elevated in…

Entry of big pvt equity players set to heat up BPCL takeover

New Delhi (IANS) Covid inflicted doubts over the sell-off process for BPCL has now given way to the prospect of heated competition among all interested parties driving up valuation for the state-run refiner.

According to analysts, the entry…