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.

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…

'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…

India's GDP contraction expected to narrow down: SBI Ecowrap

New Delhi (IANS) India's GDP contraction due to the impact of Covid pandemic is expected to narrow down to (-)7.4 per cent in FY21 from an earlier projection of (-)10.9 per cent, SBI Ecowrap report said on Wednesday.

"Our revised GDP estimates…

Global cues, FII inflows lift equity indices to new highs; realty stocks rise

New Delhi (IANS) Strong buying support combined with influx of fresh foreign funds lifted the key Indian equity indices to reach record intra-day highs on Wednesday.

Accordingly, the NSE Nifty50 opened with a "gap up" and reached all time high…

WhatsApp Pay now live with 4 top banks in India

New Delhi (IANS) WhatsApp Pay on Wednesday announced it is now live with State Bank of India, HDFC Bank, ICICI Bank and Axis Bank for its up to 20 million users in India.

After two years of waiting, Facebook-owned WhatsApp payment service received…

Partnership with Jio to help support millions of SMBs: Zuckerberg

New Delhi (IANS) Facebook CEO Mark Zuckerberg on Tuesday said its partnership with Jio Platforms will help support millions of small businesses in India.

Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing…

Inflationary woes: India's WPI rises to 1.55% in Nov

New Delhi (IANS) India's annual rate of inflation based on wholesale prices jumped to 1.55 per cent in November from a rise of 1.48 per cent in October .

"The rate of inflation, based on monthly WPI, stood at (1.55 per cent) (provisional)…

Consultations before show-cause notices to be pursued by GST officers

New Delhi (IANS) The Tax Department will actively conduct consultation prior to issuance of show-cause notices to evaders and assessees of GST so as to facilitate easier resolution of tax disputes and prevent increasing number of litigation.

The…

2020s belong to India: Tata Group Chairman

New Delhi (IANS) Tata Group Chairman N. Chandrasekaran said that impact of Covid on innovation has been 'all-pervasive' and the models of working from home are making all companies rethink the future of work.

Addressing a session on…