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…

RBI notifies interest waiver scheme: Directs banks, NBFCs to comply

New Delhi (IANS) The Reserve Bank of India (RBI) has notified the Centre's scheme for ex-gratia payment of difference between interest on loans of up to Rs 2 crore in a bid to provide amid the pandemic.

In a notification, RBI said: "All…

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…

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)…

Muthoot Finance to raise Rs 2K cr through public issue of secured NCDs

New Delhi (IANS) Muthoot Finance Ltd. on Monday announced its 23rd series of Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs 1,000 each.

The Issue is with a base issue size of Rs 100 crores with an option to…

Deal with RIL in line with Indian laws, not party to agreement with Amazon: Future

Mumbai (IANS) After a Singapore arbitration court ordered a temporary stay on Reliance Retail's acquisition of the debt laden Future Group's retail business, the latter has said that the deal with Reliance Retail is in consonance with Indian…

Taxes on petrol, diesel may go up further to mobilise additional revenue for Covid relief

New Delhi (IANS) The economic crisis triggered by the Covid-19 pandemic and subsequent pressure on revenues may again push the Centre to raise excise duty on petrol and diesel.

Sources indicated that another Rs 3-6 per litre increase in excise…

BSE Sensex retraces January levels

New Delhi (IANS) The BSE Sensex has retraced the levels of January-end in October after plunging in March due to the Covid-19 pandemic.

All eyes are on the benchmark indices if they can move up further to the highs of 42,273 points hit on January…

Franklin Templeton likely to approach SC over Karnataka HC order

New Delhi (IANS) Franklin Templeton India may appeal in the Supreme Court against the Karnataka High Court's order regarding the winding up of the six schemes.

In a letter to the investors, Sanjay Sapre, President, Franklin Templeton Asset…

Steady oil prices holds up any reversion in petrol diesel prices

New Delhi (IANS) The pump prices of auto fuels petrol and diesel remained unchanged on Saturday as softer global crude and product prices prevented oil marketing companies from carrying out any revision in prices.

With this, Petrol prices have…