Base effect: India's WPI inflation zooms to 12.94% in May

New Delhi (IANS) Base effect, along with high transportation fuel cost, lifted India's annual rate of inflation based on wholesale prices to 12.94 per cent in May from a rise of 10.49 per cent in April.

Significantly, this is the highest…

Equity indices recover to end at record closing highs

Mumbai (IANS) Key Indian equity indices recovered by the end of the day's trade on Monday to settle at record closing levels, after a largely subdued trade for most part of the session.

The BSE Sensex closed at 52,551.53, higher by 76.77…

Byju's most valuable startup in India, 11th in the world

New Delhi (IANS) Edtech company Byju's is now India's most valuable unicorn startup with a valuation of $16.5 billion, surpassing fintech company Paytm's $16 billion valuation.

As per CB Insights data, as of June 2021, Byju's…

Soy food body seeks duty free import of 'food speciality' soybeans from US

New Delhi (IANS) The Soy Food Promotion & Welfare Association has requested Prime Minister Narendra Modi to allow the soy food processing industry to import 50,000 metric tons of the food specialty soybeans from the US on a 'zero' duty under…

GST Council meet begins, may consider duty cuts on medical supplies

New Delhi (IANS) The 44th meeting of the GST Council, the second this year in the midst of the second wave of Covid pandemic, began on Saturday morning through video conferencing.

The meeting is being chaired by finance minister Nirmala Sitharaman…

Crisil assigns 'highest' corporate governance rating to Bharti Airtel

New Delhi (IANS) Bharti Airtel on Friday said that Crisil has assigned 'CRISIL GVC Level 1' grading to the company, which is the 'highest' level in terms of corporate governance practices.

"We are pleased to inform you that…

Sensex, Nifty climb new highs, end at record closing levels

Mumbai (IANS) The Indian stock market continued its bull run on Friday and again settled at record closing highs.

Both the BSE Sensex and Nifty50 on the National Stock Exchange (NSE) touched their all-time intra-day highs of 52,641.53 and 15,835.55…

Flipkart partners with Telangana for 'Medicines from Sky' project

Hyderabad (IANS) Flipkart, India's homegrown e-commerce marketplace, on Friday announced its partnership with the Telangana government to lead a consortium tasked with the development and execution of the drone deliveries of medical supplies to…

Tata expands digital footprint with majority stake in health platform 1MG

New Delhi (IANS) Tata Digital Limited, a 100 per cent subsidiary of Tata Sons Private Limited, will acquire a majority stake in digital health company 1MG Technologies Private Limited (1MG).

The investment in 1MG is in line with the Tata Group's…

Banking stocks power markets to rise; global cues positive

Mumbai (IANS) Healthy buying in banking stocks as well as positive global cues powered the rise of India's key equities indices during pre-noon trade session on Wednesday.

Accordingly, India's benchmark indices had a gap-up opening…