More From Economy

Insurance Regulatory Authority issues new guidelines for insurers: All you need to know

In some relief, Insurance Regulatory & Development Authority of India (IRDAI) has granted exemption to insurers from requirement of issuing policy document and copy of the proposal in physical form in respect to certain policies including all motor, and fire insurance policies, till March 31, 2021.

Tomato prices surge to Rs 80-85/kg in Delhi

On Saturday, tomato was quoted at Rs 80-85 per kg by vegetable hawkers and vendors in unorganised markets depending on the quality and residential colonies.

Discoms' liquidity package set for hike at Rs 1.2 lakh cr this month

The Rs 90,000-crore liquidity package for discoms to help them pay their dues till the month of March would soon be enhanced to Rs 1.2 lakh crore factoring in these utilities' outstanding till June, said a senior official.

TikTok introduces its digital fashion month amid pandemic

Chinese short-video-making app TikTok has partnered with luxury designers like Saint Laurent, JW Anderson, and Louis Vuitton to host its own digital fashion month at a time when the Covid-19 pandemic has disrupted the plans of major brands.

Zoho takes on Microsoft, Google with unified Workplace platform

Challenging tech giants like Microsoft and Google, Chennai-headquartered software development company Zoho Corporation has launched a fully integrated, single software platform that brings together collaboration, productivity and communications tools under one roof.

Fuel Price Today: Petrol gets cheaper by 13 paise/litre, diesel by 12 paise. Check revised rate

In Delhi, the price of petrol was slashed to ₹ 81.86 from ₹ 81.99 per litre and diesel rates were lowered to ₹ 72.93/litre from ₹ 73.05 per litre, according to notifications by the state-run Indian Oil Corporation, the country's largest fuel retailer.

Suspend recruitment for Oxford COVID-19 vaccine trials: DCGI tells Serum Institute of India

Drugs Controller General of India (DCGI) has directed Serum Institute of India to suspend till further orders new recruitment in phase 2 and 3 clinical trials of the Oxford COVID-19 vaccine candidate in the backdrop of pharma giant AstraZeneca pausing the trials in other countries. 

Mukesh Ambani's RIL becomes first Indian firm to cross $200 billion M-cap: All you need to know

Industrialist Mukesh Ambani's Reliance Industries Limited (RIL) has become India's first company to cross $210 billion market cap, entering the top 40 of worlds most valuable firms. At this market valuation, Reliance Industries is now worlds 40th most valuable firm ahead of the likes of Exxon Mobil, PepsiCo, SAP, Oracle, Pfizer and Novartis.

Gold Price Today: Gold slips Rs 191, silver declines Rs 990

Gold prices went down by Rs 191 to Rs 52,452 per 10 grams on Friday in the national capital amid tepid international trends, according to HDFC Securities. 

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.