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  GIC to invest ₹5512.5 crore in Reliance Retail: 5 things to know

  October 03, 2020 8:49 IST

  Singapore investment company GIC will invest ₹5512.5 crore in Reliance Retail Ventures Limited (RRVL). The sixth and the latest investment in recent weeks comes -- in exchange for 1.22 percent stake values Reliance Retail Ventures at a pre-money equity value of ₹4.285 lakh crore.  

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  TPG to invest Rs 1,837 crore in Reliance Retail Ventures

  October 03, 2020 8:30 IST

  Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Saturday that global investment firm TPG will invest Rs 1,837.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.

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  Tesla coming to India in 2021, says Elon Musk

  October 02, 2020 18:27 IST

  Tesla CEO Elon Musk said on Friday that the electric car maker is finally ready to enter the India market in 2021.

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  Reliance develops RT-PCR kit that can give coronavirus results in 2 hrs

  October 02, 2020 16:09 IST

  The Reliance Life Sciences has developed an RT-PCR kit that promises diagnosis of the deadly coronavirus infection in about 2 hours, company sources said on Friday.

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  Fuel Price Today: Diesel prices fall across metros amid decline in crude prices

  October 02, 2020 15:10 IST

  The fall in the retail price of diesel continues in line with the easing crude oil prices. The December futures contract of Brent crude on the Intercontinental Exchange (ICE) was trading at $39.95 per barrel, lower by 2.39 per cent.

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  Auto sales zoom in Sep; await festive season for added boost

  October 02, 2020 9:20 IST

  Base effect along with a rebound in domestic demand led major automobile players to report healthy year-on-year and sequential sales numbers for September. Analysts cited factors such as healthy monsoon, pent up demand and preference for personal mobility over public transport due to the pandemic as other key reasons for the upswing.

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  Abu Dhabi-based Mubadala to invest Rs 6,247.5 crore in Reliance Retail Ventures for 1.4% stake

  October 01, 2020 21:29 IST

  This marks the second significant investment by Mubadala in a RIL subsidiary after the USD 1.2 billion investment in Jio Platforms announced earlier this year.

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  BharatPe becomes top fintech lender for merchants during coronavirus pandemic

  October 01, 2020 21:12 IST

  BharatPe has announced that it has recorded disbursal of over Rs 80 crores in the month of September 2020, making it the largest fintech lender for merchants in India during the pandemic. The company has facilitated loan disbursals to the tune of Rs 150 crores through its partners in the current quarter.

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  Gold Price Today: Gold rises marginally by Rs 37, silver declines Rs 915

  October 01, 2020 17:01 IST

  Gold prices rose marginally by Rs 37 to Rs 51,389 per 10 gram in the national capital on Thursday in line with a positive global trend, according to HDFC Securities. 

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  Sensex rallies 629 points; Nifty reclaims 11,400

  October 01, 2020 16:11 IST

  Equity benchmark Sensex rallied 629 points on Thursday driven by strong buying sentiment in financial stocks amid positive domestic and global cues. 

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  GST collections at Rs 95,480 crore in September

  October 01, 2020 16:08 IST

  The Goods and Services Tax (GST) collections in September stood at Rs 95,480 crore, the highest level so far this fiscal, the Finance Ministry said on Thursday. 

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  PVR, INOX shares zoom up to 18 per cent as cinemas to reopen from Oct 15

  October 01, 2020 13:35 IST

  The Union Home Ministry on Wednesday issued new guidelines for permitting more activities in areas outside containment zones that include opening up cinemas, theatres and multiplexes with up to 50 per cent of their seating capacity from October 15.

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  After Paytm, Google goes after Zomato, Swiggy over IPL cashbacks, sends notices

  October 01, 2020 13:16 IST

  After a face-off with leading digital payments platform Paytm, Google sent notices to Zomato and Swiggy for running cashback-based IPL games and both the food aggregator platforms have decided to pause their virtual gaming leagues.

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  $500M loan approved for Delhi-Ghaziabad-Meerut RRTS, $241M for Mumbai Metro

  October 01, 2020 11:24 IST

  The New Development Bank (NDB) of the BRICS countries has approved USD 241 million loans for Mumbai Metro and USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project.

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  IDFC First Bank MD gifts Rs 30 lakh shares to his former school teacher

  September 30, 2020 21:49 IST

  As a token of gratitude to his former school teacher, IDFC First Bank MD and CEO V Vaidyanathan has transferred one lakh equity shares worth around Rs 30 lakh without any consideration to Gurdial Saroop Saini. 

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  Cinemas halls, multiplexes to reopen with 50 per cent capacity from Oct 15

  September 30, 2020 21:26 IST

  The Ministry of Home Affairs (MHA) on Wednesday issued new guidelines for re-opinng of more activities as the nation entres in the next phase of coronavirus unlock. According to MHA guidelines, Cinemas halls, theatres, multiplexes will be permitted to open with upto 50 per cent of their capacity.

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  Income Tax Filing FY19-20: I-T department extends ITR filing deadline till Nov 30

  September 30, 2020 18:02 IST

  ITR Filing: The last date for Income Tax Return (ITR) filing for 2019-20 has been extended by two months till November 30 by the Income Tax Department on Wednesday.

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  House price index rises 2.8 per cent on annual basis: RBI

  September 30, 2020 17:26 IST

  The all-India House Price Index (HPI) rose 2.8 per cent in the first quarter of the current financial year on an annual basis, according to data released by the Reserve Bank of India. 

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  Uber partners with HelpAge to provide 1,000 free monthly rides to elderly across 12 cities

  September 30, 2020 16:52 IST

  Uber will provide these rides across Ahmedabad,Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Delhi NCR, Hyderabad, Kochi, Kolkata, Lucknow and Mumbai from October to December 2020

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  Sensex ends 95 points higher in see-saw session

  September 30, 2020 16:05 IST

  Equity benchmark Sensex ended 95 points higher on Wednesday, tracking gains in index majors HDFC twins, HUL and ITC amid mixed cues from global markets. 

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  Gold Price Today: Gold falls Rs 26, silver declines Rs 201

  September 30, 2020 15:56 IST

  Gold prices declined marginally by Rs 26 to Rs 51,372 per 10 gram in the national capital on Wednesday amid weak global prices and rupee appreciation, according to HDFC Securities. 

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  India's current account surplus rises to USD 19.8 billion in June quarter

  September 30, 2020 14:44 IST

  According to Reserve Bank of India's data on India's Balance of Payments (BoP), a year-on-year basis the Q1FY21 surplus stood at $19.8 billion from a deficit of $15 billion reported for the corresponding period of the previous fiscal.

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  India's current account surplus rises to USD 19.8 billion in June quarter

  September 30, 2020 14:27 IST

  ​The country's current account surplus rose to USD 19.8 billion or 3.9 per cent of GDP in the June quarter as merchandise imports declined amid the COVID-19 pandemic, the Reserve Bank said on Wednesday.  

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  Amazon India creates over 1 lakh seasonal job opportunities ahead of festive season

  September 30, 2020 14:26 IST

  E-commerce major Amazon India on Wednesday said it has created more than one lakh seasonal job opportunities ahead of the festive season across its operations network in the country.

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  CBDT clarifies on 1% TDS on e-commerce transactions

  September 30, 2020 10:02 IST

  Providing clarification on the 1 per cent tax deducted at source (TDS) on e-commerce transactions, the CBDT on Tuesday said that that the payment gateway will not be required to deduct the tax under section 194-0 of the Income-Tax Act on a transaction, if the tax has been deducted by the ecommerce operator under the section concerned of the Act, on the same transaction.

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  General Atlantic to invest ₹3,675 crore in Reliance Retail for 0.84% stake

  September 30, 2020 9:12 IST

  General Atlantic, a leading US-based global growth equity firm, will invest Rs 3,675 crore for a 0.84 percent stake in Reliance Retail.    

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  Disney to lay off 28,000 theme park employees as coronavirus hammers businesses

  September 30, 2020 8:09 IST

  As many as 28,000 people are set to be laid off by Disney in the United States as the coronavirus pandemic continues to eat into businesses worldwide. 

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  I-T Dept issues guidelines for applicability of TCS provision with effect from Oct 1 

  September 29, 2020 22:40 IST

  The Income Tax Department on Tuesday issued guidelines for applicability of TCS provision which requires an e-commerce operator to deduct 1 per cent tax on the sale of goods and services with effect from October 1.