'Post Covid world looks promising for India's food processing industry'

New Delhi (IANS) The post Covid-19 world looks promising for India's food processing industry as it recalibrates itself to capitalize on increased opportunities in the industry and ears up to capture new markets, a KPMG report on Indian food processing…

India's GDP may grow at 11% in FY22: ADB

New Delhi (IANS) The Indian economy is likely to grow at 11 per cent in the current financial year, said the Asian Development Bank (ADB).

In its report, 'Asian Development Outlook (ADO) 2021', the ADB also noted that the recent surge…

Sensex up 300 points, metal stocks rise

Mumbai (IANS) The key Indian equity indices traded on a positive note on Tuesday morning with the BSE Sensex rising over 300 points.

Healthy buying was witnessed in metal and telecom stocks.

Around 10.05 a.m., Sensex was trading at 48,703.10,…

Lenskart acquihires DailyJoy, to hire over 100 in 6 months

New Delhi (IANS) Eye-wear brand Lenskart on Tuesday said it has acqui-hired essential delivery startup DailyJoy along with opening a technology centre in Hyderabad that will provide employment to more than 100 people across engineering, product and…

Sensex up 750 points, Nifty above 14,500

Mumbai (IANS) The key Indian equity indices surged on Monday morning with the BSE Sensex gaining over 750 points.

Healthy buying was witnessed in banking, finance and metal stocks.

Around 10.05 a.m., Sensex was trading at 48,631.00,…

Global cues, healthy Q4 results push markets higher

Mumbai (IANS) Positive global cues along with healthy quarterly results pushed the Indian equity markets higher during Monday's mid-afternoon trade session.

Accordingly, the two key indices had a gap up opening in line with positive global…

FPIs pull out investments worth Rs 8,674cr from Indian equity

Mumbai (IANS) As the Covid crisis impacts investor sentiments, foreign portfolio investors (FPI) have pulled out net investments worth Rs 8,674 crore from Indian equities so far in April.

This reversal in trend comes around a year after a bull…

Targeted ransomware attacks grow 767%, India among top targets

New Delhi (IANS) The ransomware attacks on high-profile targets such as corporations, government agencies and municipal organisations globally increased by a whopping 767 per cent in one year (from 2019 to 2020), according to a new report.

Targeted…

RBI directs banks to halve dividend payouts amid 2nd Covid wave

Mumbai (IANS) The Reserve Bank of India (RBI) has directed the banks to restrict dividend payouts to 50 per cent in a bid to conserve capital and stay resilient.

In a notification to all the commercial and co-operative banks, RBI said that…

Covid resurgence to impact FY22 IPO season

Mumbai (IANS) Covid resurgence is expected to not only impact India's secondary markets but also the FY22 IPO season.

The expected trend assumes significance since many Unicorns plan to go public in the next 6-8 months.

In financial…