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
“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
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
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
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
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
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.
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
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.
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.
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.
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.
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
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.
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
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