General Atlantic to invest Rs 6,598.38 cr in Jio Platforms

New Delhi (IANS) In yet another mega investment into Jio Platforms, Reliance Industries on Sunday announced an investment of Rs 6,598.38 crore by General Atlantic, a leading global growth equity firm.

General Atlantic's investment will…

Lava to shift production from China to India, to invest Rs 800 crore

New Delhi (IANS) In an impetus to Prime Minister Narendra Modis Local ke liye Vocal call, domestic brand Lava on Saturday announced to shift its entire mobile R&D, design and manufacturing for the export market from China to India within next six…

WTO head quits amid crisis of global commerce due to COVID-19

United Nations (IANS) Roberto Azevedo has suddenly announced that he was quitting as the head of the World Trade Organisation (WTO) at a time when global commerce is facing a crisis because of the COVID-19 pandemic and the organisation has come under…

Sebi extends relaxations for brokers, depository participants

Mumbai (IANS) The Securities and Exchanges Board of India (Sebi) on Friday extended some of the relaxations it had provided to stock brokers, clearing members and depository participants regarding compliance norms.

The market regulator has…

Equity indices fall tracking decline in Asian markets

Mumbai (IANS) The Indian equity market opened on a negative note on Thursday, with the BSE Sensex falling over 400 points.

The Nifty50 on the National Stock Exchange also plunged over 100 points to trade below the 9,300 mark.

The decline…

Exclusively studying Favipiravir before adopting wider use: Glenn Saldanha

New Delhi (IANS) In an interview with IANS, Glenn Saldanha, Chairman and Managing Director, Glenmark Pharmaceuticals, said the company hopes to see similar positive outcomes in Indian patients of Covid-19 during the clinical trials of anti-viral Favipiravir…

Sensex up 700 points on announcement of economic package

Mumbai (IANS) The domestic stock market surged on Wednesday morning on the back of the Prime Minister's announcement of Rs 20 lakh crore economic package.

It has, however, receded from the intra-day high of 32,845.48 points. It had jumped…

Rs 3 lakh cr collateral free automatic loan for MSMEs

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Wednesday announced collateral free automatic loans for businesses including MSMEs up to Rs 3 lakh crore.

Under the measure, borrowers with up to Rs 25 crore outstanding and Rs 100 crore…

Centre widens definition of MSMEs, raises investment limits

New Delhi (IANS) In a major move to benefit several businesses in the country, the Centre has decided to review the definition of micro, small and medium enterprises (MSME) and announced increase of investment limits.

Addressing the media here,…

Rs 30,000 cr special liquidity scheme for NBFCs, HFCs and MFIs

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Wednesday announced a Rs 30,000 crore special liquidity scheme for non-banking finance companies (NBFCs), housing finance companies (HFCs) and micro-finance institutions (MFIs).

Speaking…