Etailers log record Rs 61,253 crore sales in India festive month

Bengaluru (IANS) The festive online sales in India beat industry estimates to clock $8.3 billion (nearly Rs 61,253 crore) in the October 15-November 15 period -- an impressive growth of 65 per cent (on-year), a new report said on Friday.

The…

Adani, Piramal, Oaktree may vie for entire DHFL portfolio in fresh bids

Mumbai (IANS) In a major turn of events in the DHFL resolution process, the Committee of Creditors (CoC) is likely to invite fresh bids for the bankrupt NBFC and sources say that Adani Group, Piramal Enterprises and Oaktree may bid for the entire…

Contraction in Q2FY21 GDP recedes, but India officially enters recession

New Delhi (IANS) Even though India's economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered into a technical recession.

The National Statistical…

IL&FS receives binding offer for IEDCL, invites more EoIs

Mumbai (IANS) IL&FS has invited Expressions of Interest (EoI) for the sale of its energy advisory business undertaking of IL&FS Energy Development Company Ltd (IEDCL).

The crisis-hit infrastructure lending major has already received a binding…

Markets at fresh high, Sensex crosses 44,800

Mumbai (IANS) The Indian equity indices surged to new record highs on Wednesday in line with the positive global trend.

The BSE Sensex touched an all-time high of 44,825.32 and the Nifty50 on the National Stock Exchange hit a record high of…

Sensex falls over 500 points after touching fresh high, Nifty below 13K

Mumbai (IANS) The Indian equity indices slumped from the record highs on Wednesday afternoon.

The BSE Sensex declined over 500 points to fall below the psychological mark of 44,000 and the Nifty50 dropped below 13,000.

The across-the-board…

Nifty crosses 13K as vax hopes boost markets globally

Mumbai (IANS) Optimism over the vaccine front against the novel Coronavirus and the continued flow of foreign funds have boosted the Indian stock market, as on Tuesday the Nifty50 crossed the 13,000 mark for the first time.

The Nifty50 on the…

Surprise performance as Nifty profits at highest level amid pandemic

New Delhi (IANS) Rather unexpectedly when the economic conditions looked challenging and visibility was low, India Inc has surprised with the Nifty companies delivering their highest-ever quarterly profits in September 2020 in the last 45 quarters.

NSE expels Karvy Stock Broking

New Delhi (IANS) The National Stock Exchange (NSE) has expelled tainted member, Karvy Stock Broking Ltd from its membership and also declared it a defaulter.

In a circular, NSE says, "...the member has been expelled from the membership of the…

As bank failures mount, RBI decision on new bank licenses could be controversial: Macquarie

New Delhi (IANS) At a time when bank failures are increasing in India, the decision to distribute licenses could be controversial.

As per a report by Macquarie Research, the RBI just released an internal working group (IWG) report to review…