In the previous session, the BSE barometer finished 268.95 points, or 0.71 per cent, higher at 38,140.47, and the Nifty advanced 82.85 points, or 0.74 per cent, to close at 11,215.45.
Amid border tension with China, the government has changed trade rules imposing restrictions on public procurement from China and other countries with the common border.
The remarks by the International Monetary Fund’s Chief Spokesperson Gerry Rice came in response to a question on the recent FDI announcements made by companies like Facebook and Google in India.
National carrier Air India on Thursday said that it was decided in a review meeting with the Ministry of Civil Aviation (MoCA) that no staff of the airline will be laid off amid the coronavirus-triggered economic crisis.
State-owned Bank of Maharashtra on Thursday reported 24.69 per cent jump in net profit at Rs 101 crore for June quarter 2020-21 helped by healthy interest income and lower operating cost.
Paytm founder Vijay Shekhar Sharma on Thursday said the company is witnessing up to 3.5X growth in transactions on its platform amid the COVID-19 pandemic and resultant lockdown as users turned to digital payments to make payments in a safe manner.
Mukesh Ambani has good news coming his way almost every day it seems. Just a day after he became 5th richest man in the world, Reliance Industries Limited broke into 50 most valued companies in the world.
"I didn't think I'd regret trying and failing. And I suspected I would always be haunted by a decision to not try at all," Jeff Bezos had once said. Probably that's what makes Jeff Bezos the man he is, and in fact, the richest man in the world. Forbes' real-time list of billionaires shows the Amazon founder's net worth running into an unimaginable sum.
Equity benchmark Sensex jumped 269 points on Thursday, led by gains in index heavyweight Reliance Industries, ICICI Bank and Kotak Bank amid hopes of fresh government stimulus to support the economy.
Amazon Pay on Thursday said it has tied up with Acko General Insurance Ltd to offer two- and four-wheeler insurance policies in India.
Bharti Airtel on Thursday announced the appointment of Ganesh Lakshminarayanan as the CEO of its enterprise business.
Ecommerce platform Flipkart on Thursday announced the acquisition of 100 per cent interest in Walmart India to leverage the strong wholesale capabilities of the company as it launched Flipkart Wholesale, a new digital marketplace designed to help transform the kirana retail ecosystem in the country.
Microsoft weathered the pandemic-hit quarter that ended on June 30, with posting $38 billion in revenue which was up 13 per cent (year-on-year) and registered $11.2 billion in net income as the tech giant closed several retail stores owing to the Covid-19 fears.
Tea crop during the year has been affected due to the two-month lockdown in April and May and subsequent uneven rainfall in Assam, industry experts said. As per the Indian Tea Association (ITA) estimates the production in north India, comprising Assam and north Bengal is down by 40 per cent from January to June as compared to thefigures of 2019.
Glenmark Pharmaceuticals on Thursday announced top-line results from a Phase 3 clinical trial in mild to moderate COVID-19 patients, conducted across seven clinical sites in India.
The 5G edge services solutions suite is designed to significantly enhance Wipro's existing 'BoundaryLess Enterprise - Universal Edge' portfolio. The offering allows communications service providers and mobile tower operators to deploy their applications into dispersed edge devices.
State Bank of India Chairman Rajnish Kumar on Wednesday said banks and financial institutions need to make enough investment in technology upgradation for survival in this era of digital banking. Observing that the country has made rapid strides as far as adoption of digital technology is concerned, Kumar said as a result, India has the maximum number of mobile and internet banking users in the world.
As per the MoU between IBA and the workers and officers unions, the wage revision, which will benefit nearly 10 lakh employees, will be effective from November 1, 2017.
PM Narendra Modi on Wednesday invested American investors and businesses to invest and function in India. PM Modi was virtually addressing India Ideas Summit, an annual meet of US India Business Council.
Tech giant Google will approach the Competition Commission of India (CCI) to seek approval for its Rs 33,737 crore investment in Jio Platforms for a 7.73 per cent stake, according to sources.
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