business

Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola

Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola

Internet entrepreneur and Flipkart co-founder Sachin Bansal has put more money into Ola, giving the domestic ride-hailing company more ammunition to compete with its American rival Uber. He has invested Rs 650 crore, or about $92 million, in ride-hailing platform Ola in his personal capacity as investor. In a statement on Tuesday,[Read More…]

Sensex up 130 points, financials gain

Sensex up 130 points, financials gain

Mumbai: The Sensex advanced over 130 points during the Tuesday morning trade session as it opened higher with key banking and finance sectors gaining. All the sectors on the NSE traded in green, as well, except for IT, Pharma and Media stocks as the Indian rupee slid against the US[Read More…]

Sensex, Nifty trade flat, auto stocks down

Sensex, Nifty trade flat, auto stocks down

Mumbai: The Sensex and Nifty declined after opening on a flat to positive note on Monday led by selling in auto, IT and FMCG stocks. The Sensex of the BSE opened at 35,831.18 from its previous close at 35,808.95 on Friday. At 9.20 a.m., the Sensex traded at 35,794.97 lower[Read More…]

Exim Bank to raise $2 bn from bond issue

Exim Bank to raise $2 bn from bond issue

Chennai: The Export-Import Bank of India (Exim Bank) would raise about $2 billion through a bond issue for business purposes, and its net non-performing assets (NPA) is only about 3.79 per cent, said the company on Monday. The bank has an exposure of about Rs 480 crore to overseas subsidiaries[Read More…]

Sensex down 110 points, Nifty below 10,950

Sensex down 110 points, Nifty below 10,950

The Sensex slid over a 100 points after opening in the green while the Nifty shed close to 50 points during the morning trade session on Monday. Except for IT stocks on the BSE, all the others sectors traded lower. Oil and gas, capital goods and auto stocks lost over[Read More…]

Walmart may exit Flipkart due to new FDI rules: Morgan Stanley

Walmart may exit Flipkart due to new FDI rules: Morgan Stanley

New Delhi: Retail giant Walmart may exit Flipkart after India’s new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned. “An exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated,” the report by[Read More…]

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