Industry

Flipkart vs Amazon: Walmart firm wins first festive bout with 68% GMV share; e-shoppers jump to 52M

Mobile category's share in the overall online sale continued to dominate the first week this year too even as it marginally declined over the past few years. Customers based in Tier-II cities and beyond had a 57 per cent share of the 52 million e-shoppers
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“Time for e-tailers to shift to quality offerings by enabling MSMEs, create genuine offline competition”

Ease of Doing Business for MSMEs: There are reasons galore for the emergence of a new direct-to-customer business model in Covid times. The disrupted supply chain has created havoc for many establishe

With continuing trends, big offers have been introduced by e-commerce websites on such products.

The worst is over, says JSW Steel

In Q2FY21, JSW Steel recorded 61.6% increase in Ebitda at `4,414 crore, and margins surged a good 740 basis points to 23%.

PM Modi sticks to energy targets despite demand slump

Says renewable capacity will reach 175 GW by 2022, domestic airline fleet will double by 2024

Pvt dairies in Maharashtra cut milk procurement prices for farmers

Private dairies in Maharashtra have reduced procurement prices of cow milk from Rs 25-27 per litre to Rs 22-23 per litre.

RIL deal: Future Groups hints at challenging arbitration award in Indian forum

Says it was not party to agreement under which Amazon invoked arbitration

RRVL, Future Group, Amazon

Muthoot Finance plans to garner up to Rs 2,000 crore through NCDs

NBFC Muthoot Finance on Monday announced its plan to raise up to Rs 2,000 crore through public offering of Secured Redeemable Non-Convertible Debentures (NCDs) to be utilised primarily for lending act

SC tells CCI to approach Karnataka HC to vacate stay on probe against Amazon, Flipkart

In a relief to Amazon Seller Services, Flipkart Internet and others, the Supreme Court on Monday refused to entertain the Competition Commission of India’s (CCI) appeals seeking “expedition of pro

Just last week, the Supreme Court turned down the government’s appeal against an arbitration that Vedanta-Videocon won – the two were awarded $476 million – way back in January 2011!

SBI Life reports 130% jump in Q2 profit

SBI Life Insurance reported a 130% jump in its profit to Rs 299.73 crore for the second quarter of the current fiscal.

Supreme Court dismisses Vijay Mallya’s offer to pay dues; United Breweries Holdings to be wound up

The Supreme Court on Monday dismissed fugitive industrialist Vijay Mallya’s ‘offer’ to pay the huge dues of United Breweries Holdings (UBHL) to lenders, a move that paves the way for the 102-yea

Just last week, the Supreme Court turned down the government’s appeal against an arbitration that Vedanta-Videocon won – the two were awarded $476 million – way back in January 2011!

Kotak Mahindra Bank 2nd quarter net jumps 27% to Rs 2,184 crore

Kotak Mahindra Bank's net profit grew 26.7% year-on-year (y-o-y) during the September quarter to Rs 2,184.5 crore, driven by interest income and other income

kotak mahndra bank home loan

Tube Investments sees CG Power hitting revenue of Rs 5k crore in five years

Tube Investments of India (TII) believes that over a period of five years, it will be able to turnaround CG Power and Industrial Solutions — a company they are in the process of acquiring — to a R

Bharti Airtel launches cloud-based platform for encrypted, secure communication

Bharti Airtel on Monday launched a cloud-based omni-channel communications platform called Airtel IQ, marking its entry into the fast-growing market that is estimated to be worth $1 billion.

Bharti Airtel, vodafone idea, reliance jio

Non-investment in 2G network will hurt our revenues: BSNL warns Modi govt

State-run telecom operator BSNL has written to the department of telecommunications (DoT) saying that non-investment in 2G network will put its key revenue stream at risk, and cause a significant disa

BSNL has a debt of around Rs 20,000 crore

Persistent Systems’ net profit up 18.5% in Sept quarter

Persistent Systems reported an 18.5% year-on-year rise in its net profit to Rs 101.98 crore, with revenue going up 13.92% y-o-y to Rs 1,007.74 crore in the September quarter.

Persistent said that the CAPIOT acquisition would strengthen its ability to provide enterprise integration strategy and advisory services.

The worst is over, says JSW Steel

JSW Steel, the country’s second-largest steel maker, believes the worst is over, as there is an all-round improvement in demand across user industries, led by the automobile sector.

Crude steel production in the July-September period stood at 3.85 million tonne.

Aditya Puri hands over charge, Jagdishan takes over as HDFC Bank MD & CEO

Over 25 years ago, at a nondescript office across the road in Lower Parel's Kamala Mills compound, Puri had started work as the bank's first head, and built the lender which now employs close to 1.20

NTPC board to consider buyback of equity shares on Nov 2

The board in its meeting on November 2 will consider proposal for buyback of equity shares of the company, NTPC said in a BSE filing.

NTPC

Govt decides to extend validity of licence for tur import till Dec 31

It said eligible and verified applicants who have been issued licences will have to ensure that their import consignments of tur reach the Indian ports on or before December 31.

"It has now been decided to extend the validity of licence for import of tur from November 15, 2020, till December 31 this year," it added.

Clear 10-year roadmap for clean energy needed to boost innovation: Amitabh Kant

Speaking at the India Energy Forum by CERAWeek, Kant said, "We should provide 10-year roadmap on where we want to be in clean (energy) technology. We should provide policy clarity to innovation stakeh

SBI raises Rs 5,000 cr by issuing Basel-III compliant bonds

The debentures qualifying as tier II capital of the bank of face value of Rs 10 lakh each, at par, bearing a coupon of 5.83 per cent aggregating to Rs 5,000 crore were allotted to bond subscribers on

SC: CCI plea to probe Amazon, Flipkart may be revived if Karnataka HC doesn’t decide on it in 6 weeks

The bench directing CCI on the matter was headed by Justices AM Khanwilkar, Dinesh Maheswari, and Sanjiv Khanna. CCI was represented by Solicitor General Tushar Mehta while Congress leader-cum-senior

RBI, Reserve Bank of India, Indian Economy, Supreme Court

GHCL Q2 net profit down 27.7 pc to Rs 85 cr

Revenue from operations dipped 3.47 per cent to Rs 806.51 crore as against Rs 835.52 crore in the corresponding period of the previous financial year, it added.

Home textiles revenue rose 11.08 per cent to Rs 326.61 crore as against Rs 294.02 crore. Shares of GHCL Ltd on Monday settled at Rs 162.95 on BSE, up 3.10 per cent from its previous close.

Customer spending getting back to pre-COVID levels: AU Small Finance Bank

AU Small Finance Bank is experiencing an increase of 23 per cent in per day debit card spends. Overall, point-of-sale (PoS) and e-commerce transactions witnessed a surge of 16 per cent since the launc

"Our second edition of Shopping Dhamaka is designed to be more comprehensive, sweetening the deal across categories that include daily requirements and not just seasonal shopping...
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