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Sensex, Nifty end flat; IT stocks gain

Domestic equity benchmarks Sensex and Nifty ended on a flat note on Friday amid lack of fresh buying triggers and mixed global cues. 

Zomato to go public in 2021, raises $160 mn in funding from Tiger Global, MacRitchie investments

Zomato has raised USD 160 million (about Rs 1,173 crore) in funding from Tiger Global and Temasek Holdings subsidiary MacRitchie Investments, valuing the online food ordering platform at USD 3.3 billion, said Info Edge.

Donald Trump says won't extend deadline for US TikTok sale

In an executive order last month, Trump had set September 15 as the deadline for the Chinese app to either change its ownership to an American company or shut it down.

Reliance terms reports of stake sale to Amazon speculative

Reliance Industries Ltd reportedly has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, Inc, a report the company said was speculative.

Reliance first Indian firm to cross $200 billion M-Cap, becomes world's 40th most valuable company

Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has entered top 40 of the world's most valuable firms league as it became the first Indian company to cross USD 210 billion in market capitalisation intra-day. 

Sensex soars 646 points as Reliance Industries hits fresh high

Reliance Industries was the top gainer in the Sensex pack as it zoomed over 7 per cent. The company's market valuation rose to Rs 14,66,589.53 crore (USD 199.64 billion) in late afternoon trade.

Nestaway eyes small-town India as tenants exit Metros

As the ongoing pandemic triggers reverse migration, online home rental company Nestaway Technologies on Thursday launched a partnership/franchising model to make inroads into the smaller cities and towns in India.

Reliance Industries shares extend rally, jump nearly 3%

Shares of Reliance Industries continued to rally on Thursday, gaining nearly 3 per cent, on US private equity firm Silver Lake Partners’ 1.75 per cent stake-buying plan in the firm’s retail arm for Rs 7,500 crore.  

Focusing only on retail segment may not be prudent for banks in current scenario: SBI MD

At a time when the economy is facing challenges, banks should not solely focus on the retail segment as sluggish growth can impact this category of loans

YONO biggest start-up by a legacy bank, worth over USD 40 billion: SBI chairman Kumar

Within three years of its launch, YONO, the digital banking platform of the country's largest lender SBI, has a valuation of over USD 40 billion, the bank's chairman Rajnish Kumar said on Wednesday.

Not paying GST compensation may lead to Rs 3 lakh crore cut in capex by states in FY21: Report

Not paying the full GST compensations by the Centre is among the factors which may result in up to Rs 3 lakh crore cut in capital expenditure by the states in FY21, a report said on Wednesday.

Big Billion Days Sale 2020: Flipkart onboards over 50,000 kirana shops ahead of festive season

AstraZeneca Pharma shares tumble over 3% after company halts COVID-19 vaccine trials

Shares of AstraZeneca Pharma, closed over 3 per cent lower on Wednesday after its COVID-19 vaccine study was paused following a participant's unexplained illness.

Sensex drops 171 points; Nifty ends below 11,300

Equity benchmark Sensex tumbled 171 points on Wednesday, tracking losses in index heavyweights HDFC Bank, ICICI Bank and Infosys amid weak cues from Asian peers. 

Gold Price Today: Gold rises by Rs 251, silver jumps Rs 261

Gold prices rose by Rs 251 to Rs 52,149 per 10 gram in the national capital on Wednesday, according to HDFC Securities. 

Part of 8.5% interest to be credited into accounts of 6 crore subscribers, EPFO says

A part of 8.5 percent interest on employees provident fund (EPF) for 2019-20 into the account of its around 6 crore subscribers, retirement fund body EPFO said today.

Dr. Reddy's launches —Redyx— COVID-19 drug Remdesivir in India

Dr. Reddys Laboratories Ltd on Wednesday announced the launch of Remdesivir, meant for treatment of COVID-19 patients, under a brand name 'Redyx' in India. 

Silver Lake picks 1.75 per cent stake in Reliance Retail for Rs 7,500 cr

US private equity firm Silver Lake Partners has picked 1.75 per cent stake in Reliance Retail for Rs 7,500 crore, the Indian firm said in a statement on Wednesday. The investment values Reliance Retail at Rs 4.21 lakh crore. 

Govt extends timeline to conduct annual meetings till December 31, amid pandemic

Providing more time to companies, the government has extended the timeline for conducting annual general meetings for the financial year 2019-20 till December 31 amid the coronavirus pandemic. 

Truepower Earthings: Recognition for quality excellence

Hari Om Tiwari, Managing Director, True Power Earthing Pvt Ltd, talks about the importance of earthing in India, key growth drivers and the future growth plans.

'Hope is not a strategy' India needs more banks to double credit-to-GDP ratio to 100%: RBI member

RBI board member Manish Sabharwal, who is the chairman of Teamlease Services, also said the country needs immediate reforms in banking, compliance, labour laws and education because "hope is not a strategy".

Govt plans to sell 15-20 per cent stake in IRCTC via OFS

The government plans to sell about 15-20 per cent stake in the Indian Railway Catering and Tourism Corp (IRCTC) through an offer for sale (OFS), and would like to complete the transaction in a minimum number of tranches.

India Ratings revises FY21 GDP growth to -11.8%, lowest in Indian history; sees recovery by FY22

Domestic rating agency India Ratings and Research on Tuesday revised downward the country's FY21 GDP growth forecast to (-) 11.8 per cent, lowest in Indian history. The agency, however, expects the economy to grow at 9.9 per cent in FY22 helped mainly by the weak base of FY21.

Gold Price Today: Gold rises Rs 122; silver gains Rs 340

Gold Price Today: Gold prices rose Rs 122 to Rs 51,989 per 10 grams in the national capital on Tuesday supported by rupee depreciation, according to HDFC Securities.

Sensex pares intra-day gains to end 52 points lower; Nifty slips below 11,350

Domestic equity benchmark Sensex pared all intra-day gains to end 52 points lower on Tuesday, tracking losses in Bharti Airtel, Axis Bank and HDFC amid weak global cues.

Railways generated over 8 lakh man-days of work in six states under Garib Kalyan Rojgar Abhiyaan

The Railways has generated more than 8 lakh man-days of work in six states, including Bihar and Rajasthan, under a rural public works scheme launched in June this year to tackle the impact of COVID-19 on migrant workers, the ministry said Tuesday.

Dues payment over 10 years not enough to aid VIL; expect market gains for Airtel, Jio: Fitch

The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. It further said another tariff hike of at least 20 per cent is probable in the next 12 months.

Silver Lake invests $500 million in Byju’s; edtech's valuation now at $10.8 billion

Ed-tech major Byju’s has raised fresh funding from Silver Lake and existing investors, Tiger Global, General Atlantic and Owl Ventures. While the company did not disclose financial details, sources said Byju’s has raised $500 million (about ₹3,672 crore) in the new round that valued it at $10.8 billion.