Reliance Capital starts monetisation processs, EOI invited for key assets

New Delhi (IANS) Reliance Capital has commenced its asset monetization process to unlock value of its underlying businesses and targets to make RCAP debt free.

SBI Capital Markets Limited and JM Financial Services Limited will run an independent…

Indian SMBs, startups ride on Oracle Cloud to weather pandemic

New Delhi (IANS) After spending over seven months in uncertainty around the pandemic-induced lockdowns, there has been an uptick in business sentiment in India and a vast number of small and medium businesses (SMBs) and startups are now turning to…

Privatisation-bound BPCL postpones key expansion projects

New Delhi (IANS) Privatisation-bound PSU refiner Bharat Petroleum Corporation Ltd. (BPCL) has delayed expansion plans for its refinery projects, pending its share sell off programme that will see government completely exiting from the company and…

AWS generates $11.6bn in sales, leads global Cloud market

New Delhi (IANS) Maintaining its leadership position in the global Cloud market, Amazon Web Services (AWS), the Cloud arm of e-commerce giant Amazon, generated $11.6 billion in sales in the September quarter, up 29 per cent year-over-year.

The…

Pidilite acquires consumer & bazaar business of Araldite for Rs 2,100 Cr

New Delhi (IANS) Pidilite Industries is acquiring complete interest in US-based Huntsman Group's Indian subsidiary Huntsman Advanced Materials Solutions Private Limited (HAMSPL) for a consideration of about Rs 2,100 crore to consolidate its leadership…

NBFCs need to monitor rollover and interconnected risks: CEA

New Delhi (IANS) Chief Economic Advisor (CEA) Krishnamurthy Subramanian on Thursday said that non-banking financial companies (NBFC) should monitor their rollover risk and interconnected risk and should also strive for further deepening of financial…

Markets open on positive note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 40,664.35 points which was also the high point. The Sensex touched a low of 40,406.17 points.

On Tuesday, the…

Haryana RERA penalises several realtors for malpractices

Chandigarh (IANS) Acting tough, the Haryana Real Estate Regulatory Authority has penalised several colonisers for indulging in malpractices.

The RERA bench, headed by its Chairman K.K. Khandelwal and member S.C. Kush, on Tuesday took action…

Flipkart Group garners 68% of Rs 29,000cr festive sales: Report

New Delhi (IANS) Riding on a shopping surge in smaller towns and cities, Flipkart Group emerged as overall leader during the week-long festive sales, accounting for 68 per cent of the total sales as the country saw a massive 55 per cent (year-on-year)…

In Bezos vs Ambani battle, focus on disclosures by Amazon

New Delhi (IANS) In the Jeff Bezos vs Mukesh Ambani battle royale for the Indian retail market, which is now also evolving into a 'videshi vs swadeshi' battle, questions are being raised by corporate watchers.

Eight absolutely unknown…