Equity indices in green, Sensex gains over 200 points

Mumbai (IANS) The key Indian equity indices traded on a positive note after opening on Wednesday with the BSE Sensex rising over 200 points.

Buying activity in FMCG and oil & gas stocks among others supported the indices, analysts said.

OLA to lay off 1,400 employees, says revenue down 95% in 2 months

New Delhi (IANS) Ride-hailing major OLA has decided to lay off 1,400 employees amid the coronavirus crisis.

Outlining the severe impact of the pandemic on the industry and the company, in an email to the employees on Wednesday, co-founder &…

Domestic flights ops to resume from May 25

New Delhi/Mumbai (IANS) Domestic passenger flights would be resumed in a calibrated manner, two months after suspending them under the national lockdown norms, tweeted Civil Aviation Minister Hardeep Singh Puri on Wednesday.

"Domestic civil…

Microsoft launches Surface Hub 2S in India

New Delhi (IANS) Microsoft on Tuesday announced the availability of its collaboration device Surface Hub 2S in India.

The all-in-one digital whiteboard, meeting platform, and teamwork collaborative computing device designed for the modern workplace…

Govt may raise FDI cap in insurance companies to 74%

New Delhi (IANS) In yet another big reform initiative aimed at bringing more capital into the insurance business, the government may soon open the sector to 74 per cent foreign direct investment (FDI) under the approval route to bring parity with…

RIL rights issue payment: 25% on application, 25 in May '21 and remaining 50 in Nov '21

New Delhi (IANS) Reliance Industries Limited (RIL) has announced the payment schedule

for the balance amount of its rights issue which opens on Wednesday.

In a filing with the stock exchanges, RIL said that 25 per cent will be payable…

Sensex slips over 700 points, Nifty below 9,000

Mumbai (IANS) The key Indian equity indices plunged on Monday with the BSE Sensex falling over 700 points. The Nifty50 on the National Stock Exchange (NSE) also fell over 200 points, below the psychological 9,000 mark.

The fall can be attributed…

Consolidation in public sector oil firms back on table

New Delhi (IANS) Government may revive plan for further consolidation in the public sector oil companies by allowing mergers between producing, marketing gas transportation and consultancy companies leaving just few large integrated entities in operation.

No fresh bankruptcy for 1 year, special insolvency framework for MSMEs

New Delhi (IANS) In a major relief for businesses, Finance Minister Nirmala Sitharaman on Sunday announced that no fresh insolvency case will be admitted for the next one year in view of the coronavirus pandemic.

The government had earlier…

Govt allows direct listing by Indian companies abroad

New Delhi (IANS) In yet another move towards fuller capital account convertibility, the government has thrown open the doors for Indian public companies to directly list their shares abroad and access a larger pool of capital.

It has also allowed…