More From Economy

IndiGo to raise up to Rs 4,000 crore through QIP

IndiGo's parent company InterGlobe Aviation on Monday said it will raise up to Rs 4,000 crore through a qualified institutional placement (QIP).

209 small-medium business sellers became crorepatis in 48 hours in India: Amazon

Amazon India on Monday said that over 91,000 small and medium-sized businesses participated in the two-day Prime Day sales which saw 209 SMB sellers becoming crorepatis in 48 hours. 

Union Bank slashes MCLR by up to 15 bps

State-owned Union Bank of India on Monday announced a cut in its marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across various tenors, effective August 11. 

Gold price today: Yellow metal rises by Rs 238, silver jumps Rs 960

Gold prices rose by Rs 238 to Rs 56,122 per 10 gram in the national capital on Monday, according to HDFC Securities.

AstraZeneca Pharma India Q1 net profit declines 13% at Rs 18.63 crore

Drug firm AstraZeneca Pharma India on Monday reported a 13.38 per cent decline in its net profit to Rs 18.63 crore for the quarter ended June. 

Sensex rises 142 points; L&T spurts over 4 per cent

After rallying 390.12 points during the day, the 30-share BSE benchmark pared some gains to end 141.51 points or 0.37 per cent higher at 38,182.08. The NSE Nifty climbed 56.10 points or 0.50 per cent to close at 11,270.15.

Swiggy launches 45-min grocery and essentials delivery service via Instamart in Gurugram

The platform is currently testing 'Swiggy Instamart 'to see how it augments the consumer promise of enabling unparalleled convenience by making grocery delivery more instant and delightful

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues.

Bill Gates: Coronavirus could end in many countries by 2022

Bill Gates remains optimistic that a coronavirus vaccine will be developed soon and the deadly Covid-19 will end "for the world at large by the end of 2022." Unfortunately, that end is still at least a year away, he told Wired's Steven Levy.

Reliance Industries' asset monetisation to boost credit quality: S&P

​S&P Global Ratings on Monday said that Reliance Industries Ltd's sizable proceeds from asset monetisation over the past four months should significantly improve its credit quality.  

Patanjali considering bidding for IPL title sponsorship

​Baba Ramdev's Patanjali Ayurved is considering to bid for the title sponsorship of the upcoming Indian Premier League (IPL), according to a company official.

Saudi Aramco chasing $15 billion deal with Mukesh Ambani's Reliance: What we know

​Saudi Aramco is still chasing a deal to buy a $15 billion stake in Reliance Industries' refining and chemicals business, according to a Bloomberg report. While Aramco is a major supplier of crude to India, Reliance sells petroleum products, including gasoline, to the kingdom.    

Frequent earthquakes prompting people to look for home insurance: Survey

According to the online survey, five out of ten respondents in Delhi said that earthquakes have made them anxious to think about buying home insurance.

Big news for salaried employees: Govt likely to reduce gratuity payments eligibility

The Central government is considering reducing the minimum eligibility condition for gratuity payments to employees. The Centre may reduce the threshold from five years of continuous employment to between one and three years amid growing demand to make the gratuity eligibility criteria shorter.

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.