Sensex in green after opening on flat note

Mumbai (IANS) The Indian equity indices traded on a positive note after opening on a flat-to-negative note on Tuesday.

The indices were supported by buying activity in IT, FMCG and metal stocks, while selling in banking and oil and gas stocks…

Meeting customer expectations top challenge for Indian SMBs

New Delhi (IANS) The small and medium businesses (SMBs) in India find it challenging to bring innovative offerings to market, personalise customer engagements and keep up with demand when meeting customer expectations in the pandemic, a new report…

Razorpay joins unicorns' club with raising $100mn

Bengaluru (IANS) Full-stack financial solutions company Razorpay has raised $100 million in its Series D round of funding, making it another Indian unicorn with over $1 billion in valuation, joining the big startup-turned-unicorn league of BYJU's,…

Pandemic? Small-town India set to drive record festive sales

New Delhi (IANS) While the ongoing pandemic has left crores of Indians in deep financial trouble who are struggling to make ends meet, the aspirational Bharat -- riding on the pent-up demand and discretionary income -- is all set to embark on a record…

Bank credit offtake remained poor in Apr-Sep: RBI report

Mumbai (IANS) Although the banks remain flush with liquidity and interest rates lowered significantly, credit offtake from banks was very low and "anaemic" during the first half of the current financial year (2020-21).

The low credit offtake…

RBI to maintain comfortable liquidity conditions, announces Rs 20K cr OMOs

Mumbai (IANS) To maintain comfortable liquidity conditions in the Covid battered economy, the Reserve Bank of India (RBI) on Friday announced the sale and purchase of government securities worth Rs 20,000 crore under open market operations (OMOs).

RTGS transfers can be done 24x7 from December

Mumbai (IANS) In a move to facilitate more convenience for online fund transfers, the Reserve Bank of India (RBI) has decided to make Real Time Gross Settlement (RTGS) system available round the clock from December 2020.

The decision comes…

Sensex crosses 40,000, IT stocks surge

Mumbai (IANS) The BSE Sensex soared over 400 points on Thursday morning to cross the 40,000 mark.

Healthy buying was witnessed across sectors led by the IT stocks.

Around 9.35 a.m., the Sensex was trading at 40,328.14, higher by 449.19…

Amazon takes on Future over deal with Reliance Retail

New Delhi (IANS) In a major turn of events in the buyout of the businesses of the debt laden Future Group by Reliance Retail, e-commerce giant Amazon.com, Inc has stepped in and said that Future Group violated a contract with it by entering into the…

Equity indices turn green, Sensex nears 39,900

Mumbai (IANS) The key Indian equity indices turned green on Wednesday after an initial subdued trade, with the BSE Sensex gaining over 300 points.

The Sensex traded near the 39,900 mark and the Nifty50 on the National Stock Exchange was trading…