Accordingly, the trend is expected to be driven by price hikes effected across product categories to offset the impact of raw material price increase and a raft of other favourable factors.
Cashify said the move will help it further diversify its e-commerce offerings by empowering mobile retailers to get a web presence, build their brand and make more money to compete with e-commerce giants.
Around 10.20 a.m., Sensex was at 53,007.05, higher by 31.25 points or 0.06 per cent from the previous close of 52,975.80.
The bank proposes to raise up to Rs 30,000 crore or its equivalent amount in such foreign currencies as may be necessary, subject to approval of the shareholders and receipt of regulatory approvals, it said.
The reopening of the global economy is expected to unleash widespread demand for travel and shopping from consumers stuck indoors for more than 18 months, helping boost credit card transactions.
Counsel for Flipkart had argued that the anti-trust body’s prima facie views are not supported by any evidence and no agreement, which has adverse effect on competition, has been placed on record.
The top court in September last year had given a time of 10 years to telecom service providers struggling to pay Rs 93,520 crores of AGR-related dues to clear their outstanding amount to the government.
DoSelect is a data-driven skill assessment platform for hiring and skilling, co-founded by Iliyas Shirol and Rohit Agrawal in 2015.
Tanla is growing at rate of knots. There is a Rule of 40 out there for SaaS companies, but Tanla has grown organically at Rule of 60 in Q1. This is a tangible demonstration of the strong unit economics within our business, and it showcases the inherent strength of the business model.
Shares opened at 116 rupees in pre-open trade compared to the offering price of 76 rupees. At the debut price, Zomato had a market valuation of 910.04 billion rupees ($12.21 billion).
All the sellers on the platform shall only be third party sellers, and no e-commerce store can be run on the e-commerce marketplace platform.
The 5G smartphone shipments were up from 7 per cent in Q1 2021 to 15 per cent in the second quarter, as nearly every player doubled down on launching 5G-ready affordable devices.
The Nifty50 on National Stock Exchange (NSE) was also trading above the 15,750-mark.
State-run Gujarat Urja Vikas Nigam Limited (GUVNL) withdraws subsidy to small-scale distributed solar projects, affecting about 4000 projects with an aggregate capacity of around 2500 MW signed power. The purchase price of power produced was fixed at Rs 2.83 per unit which was already far lower than other states like[Read More…]
The Swiggy funding marks the first investment in the Indian food delivery category by SoftBank Vision Fund 2, with participation by existing investors, Accel Partners and Wellington Management.
The August contact of gold on the MCX is currently trading around Rs 48,185 per 10 gram, higher by Rs 91 from its previous close.
By bringing short-video shopping app imsim and YouTube together, the company said that it aims to help small businesses and retailers in India reach new customers in even more powerful ways.
Heavy selling pressure was witnessed in banking, oil and gas, metal and auto stocks.
HDFC Life said it has created Rs 700 crore of the excess mortality reserve. The scrip of the company traded 2.62 per cent down at Rs 679.65 apiece on BSE.