India's Sep WPI rises on high food prices

New Delhi (IANS) High food, primary articles and manufactured goods' prices accelerated India's September wholesale inflation.

Consequently, the annual rate of inflation based on wholesale prices rose to 1.32 per cent in September from…

Housing sales may jump 35% in Oct-Dec on festive demand

New Delhi (IANS) The coming festive season is likely to witness a surge in demand for residential properties and the housing sales may rise 35 per cent across the top seven cities during the October-December period on a quarter-on-quarter (QoQ) basis,…

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…

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…

No consensus on GST compensation, willing states can approach Centre for borrowing

New Delhi (IANS) The GST Council's meeting on Monday, which was held exclusively to discuss the issue of borrowing in lieu of GST compensation, ended without any consensus.

Addressing the media after the meeting, Finance Minister Nirmala…

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…

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,…

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…

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…

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).