RIL's m-cap hits Rs 12 lakh cr, shares at fresh high

Mumbai (IANS) Reliance Industries (RIL) on Monday became the first Indian company to reach market capitalisation of Rs 12 lakh crore, with shares reaching a fresh high of Rs 1,938.80.

Around 10 a.m., RIL's market capitalisation was at over…

FM reviews Aatmanirbhar Bharat package, Rs 62k cr disbursed under ECLGS

New Delhi (IANS) Finance Minister Nirmala Sitharman has reviewed the progress of the Aatmanirbhar Bharat economic package's implementation in matters related to the Finance and Corporate Affairs Ministries.

The latest review has shown that…

Economy showing signs of getting back to normalcy: RBI Guv

Mumbai (IANS) India's economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday.

In a keynote address at the 7th SBI Banking and Economics Conclave, Das noted that medium term…

Jio Platforms receive over Rs 30K cr from 4 investors

Mumbai (IANS) Reliance Industries on Saturday said that Jio Platforms received subscription amounts of Rs 30,062.43 crore from four investors for 6.13 per cent stake in total.

Among the four investors, Interstellar Platform Holdings (L Catterton)…

T-Hub partners IT Ministry to mentor hardware startups in India

New Delhi (IANS) Hyderabad-based global start-up catalyst T-Hub on Friday announced a partnership with the Ministry of Electronics and Information Technology (MeitY) to lead Digital India's Scale Up programme for hardware and Internet of Things…

PM inaugurates 750-MW solar power project in MP's Rewa

Delhi/Rewa (IANS) Prime Minister Narendra Modi on Friday dedicated to the nation a 750-MW solar project - said to be Asias biggest -- at Rewa in Madhya Pradesh through videoconference from Delhi.

The Rs 4,000-crore project has three units of…

Interups Inc says it is a serious contender for Air India

New Delhi (IANS) US-based fund Interups Inc will be submitting its bid for Air India on or before August 31, 2020, unless there is any further extension of the deadline.

Laxmi Prasad, Chairman & CEO, Chief Business Architect, Interups Inc said,…

Flipkart Group invests Rs 260 crore in Arvind Fashions' arm

Bengaluru (IANS) The Flipkart Group on Thursday announced it has invested Rs 260 crore to purchase a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions (AFL).

Arvind Youth Brands owns the popular Flying Machine…

WhatsApp Business hits 50mn users globally, 15mn in India

New Delhi (IANS) With the Covid-19 disruptions bringing more businesses online, WhatsApp Business has reached a new milestone of 50 million monthly users globally with almost a third of them being in India, the Facebook-owned platform said on Thursday.

Net inflow to equity MFs plunges 95% in June

Mumbai (IANS) Likely profit booking led to a plunge of over 95 per cent in net investments into equity mutual funds schemes in June, compared to May.

The net inflows only stood at Rs 240.55 crore in June, as against Rs 5,256.52 crore in May.