More From Economy

Sensex surges over 300 points in early trade; Nifty tops 11,300

In the previous session, the Sensex had settled just 15.12 points or 0.04 per cent higher at 38,040.57, while the Nifty rose 13.90 points or 0.12 per cent to finish at 11,214.05.

LIC to launch revival campaign for lapsed policies

To encourage the continuation of risk cover in this difficult period, insurance behemoth LIC on Sunday said it will provide an opportunity for its policyholders to revive their lapsed policies.

Godrej Properties' FY21 sales bookings may surpass last year's record Rs 5,915 crore

Godrej Properties expects its sales bookings during the ongoing fiscal to be at an all-time high, beating the previous year's record Rs 5,915 crore despite the COVID-19 pandemic, as housing demand is consolidating towards trusted developers, a top company official said.

'Amazon Easy' stores now in all-new avatar

The format would offer a touch-and-feel product experience through a physical product display, the company said in a statement.

Desi app Chingari raises nearly Rs 10 crore in seed funding

Homegrown short video-sharing app Chingari which came into prominence as a TikTok alternative amid anti-China sentiment in the country has raised 1.3 million (around Rs 10 crore) in a seed round led by AngelList India, Utsav Somanis iSeed, Village Global, LogX Ventures, and Jasminder Singh Gulati of NowFloats.

Lupin, Sun Pharma recall drugs in the US market

Reliance's 15-year-plan to build into new energy company

Billionaire Mukesh Ambani's Reliance Industries Ltd has a 15-year vision to build itself as a new energy company that aims to recycle CO2, create value from plastic waste and has an optimal mix of clean and affordable energy, analysts said.  

How to Diversify your Investment Portfolio?

When it comes to investment, most people prefer to invest their hard-earned money in Bank FDs, Savings account or in Post Office Schemes. But according to most of the research and financial analysts investing all your money in one asset class is not a good theory. Instead of investing all your money in one asset class, it is better to diversify your portfolio and invest a portion of your money in all asset classes accordingly.

Chicco India expects sales to return to pre-COVID-19 level by October

​Hoping to turn the coronavirus crisis into an opportunity to improve its operations, baby care products maker Chicco India has said it is expecting its sales to return to pre-COVID-19 level by October this year.  

Mutual funds folio count surges by 18 lakh in June quarter

The mutual fund industry has added 18 lakh investor accounts in three months ended June 30, taking the total tally to 9.15 crore, amid volatile market conditions.  

Full-fledged international flight operations will depend on coronavirus spread across world: DGCA

​The full-fledged reopening of international flight operations will depend on coronavirus spread all over the world, the Directorate General of Civil Aviation told news agency ANI today.

SpiceJet operates first long-haul wide-body charter flight to Canada

Airline major SpiceJet on Saturday became the first Indian budget carrier to operate a long-haul wide-body charter flight to North America. The airline repatriated 352 Canadian nationals and permanent residency holders from New Delhi to Toronto on Saturday.

Six of top-10 most valued companies add Rs 74,240 crore in market cap; RIL leads

The combined market valuation of six of the top ten most valued companies rose by Rs 74,240 crore during the last week, with Reliance Industries leading the pack. Six firms, namely Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ITC and ICICI Bank logged gains in their market valuation for the trading week closed on Friday.  

TVS Electronics posts Rs 9.75 cr loss in April-June

IT hardware company TVS Electronics on Saturday posted a loss of Rs 9.75 crore for the first quarter ended on June 30, 2020, due to the impact of lockdown on business operations.

Zomato to have 10-day 'period leave' for female employees

Zomato on Saturday said that it was introducing up to 10 days of 'period leaves' for women and transgender employees. Zomato founder and CEO Deepinder Goyal announced this in a blog post.

Mukesh Ambani is now 4th richest man in world. Full list of top 10 billionaires, and their net worth

Billionaire Mukesh Ambani is now the world's fourth-richest man. The Bloomberg Billionaires Index showed Ambani, the chairman of oil-to-telecom conglomerate Reliance Industries, in the fourth position.

Zuckerberg's personal wealth touches $100 billion after Instagram Reels' launch

Mark Zuckerberg's personal wealth hits $100 Billion after the launch of Instagram Reels this week. With the launch of the short-video making app, the Facebook stock rose by more than 6 per cent Interestingly, Zuckerberg holds a 13 per cent stake in the social networking giant.

Industry stalwarts hail Arvind Kejriwal’s ambitious Electric Vehicle Policy

The ambitious Electric Vehicle Policy of the AAP government, launched by Chief Minister Arvind Kejriwal earlier today has received appreciation from the industry stalwarts across various sectors. The scheme was launched with an aim to boost Delhi's economy, reduce pollution levels in the city, and generate employment in the transport sector.

Petrol, diesel prices may rise again from next week

Petrol and diesel prices may begin their rising trend all over again much to the discomfort of fuel consumers that have faced constant increasing prices since June 7.

Cipla Q1 net profit up 27 pc at Rs 566 cr

Drug firm Cipla on Friday reported a 26.58 per cent rise in its consolidated net profit to Rs 566.04 crore for the quarter ended June on the back of robust sales.

UCO Bank reduces MCLR by 10 bps across tenors

State-owned UCO Bank on Friday announced reduction in its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all the tenors. 

RBI sets up panel under Kamath to suggest steps to deal with coronavirus-related stressed assets

The committee will submit its recommendations to the RBI, which will notify them along with modifications, if any, in 30 days.

Rupee settles nearly flat at 74.93 against US dollar

The rupee ended almost flat at 74.93 (provisional) against the US dollar on Friday due to a caution prevailing in the forex market in view of mounting coronavirus cases and US-China trade tensions.

Sensex, Nifty end flat on muted global cues

After touching a low of 37,787.38 during the day, the BSE Sensex settled just 15.12 points or 0.04 per cent higher at 38,040.57.

Loans to get cheaper as HDFC Bank cuts MCLR by 10 bps, effective from today

HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday.

Gold Rate Today: Gold prices set new highs, crosses Rs 56,000 mark; silver rates surge

Amid the global uncertainty, investment demand and supply concerns, touching fresh record levels has become the new normal for gold and silver prices. Continuing with the bull run, gold futures on Friday touched a new all-time high of Rs 56,191 per 10 gram.

Facebook allows employees to Work From Home until July 2021

Facebook has allowed its employees to work from home until July 2021. The social media giant said it will give $1,000 to its employees to set up home offices.

LIC acquires close to 5 per cent stake in Yes Bank

Yes Bank on Thursday said LIC has acquired close to 5 per cent shareholding in the bank by purchasing shares from the open market. With the fresh acquisition, the hold of LIC has increased from 0.75 per cent to 4.98 per cent, Yes Bank said in a regulatory filing.