BUSINESS

Asian shares mixed as boost from US stimulus package fades

2:58 pm December 30, 2020

Hong Kong: Asian shares were mixed Wednesday after a lackluster day on Wall Street, as the boost from President Donald Trumps signing of the coronavirus relief package faded. Benchmarks fell in Tokyo and Sydney but rallied in Hong Kong, Seoul and Shanghai. The S&P 500 lost 0.2 per cent on Tuesday, a day after major indexes notched their latest […]

LIC sells 2 pc stake in ICICI Bank

8:50 pm December 28, 2020

New Delhi: Country’s largest insurer Life Insurance Corporation (LIC) has sold 2 per cent stake in private sector lender ICICI Bank through open market transactions. The insurer sold 13.8 crore shares, representing 2.002 per cent stake of ICICI Bank, over a period of November 27 to December 24, 2020, the bank said in a regulatory […]

Delhi-based Kashmiri scribes, over 25 people from Valley were potential spying targets: Report

IRDAI proposes standard norms for travel insurance

8:39 pm December 28, 2020

New Delhi: Regulator IRDAI on Monday proposed standard guidelines for travel insurance with a view to ensuring uniformity and certainty about coverage, exclusions and terms of coverage for domestic as well as international travel. The guidelines will make available a standard travel insurance product with common coverage and policy wordings across the industry, the Insurance […]

Flipkart expands benefits for sellers under 'Growth Capital' programme

Flipkart Wholesale app logs 75 pc month-on-month growth in customer base

7:56 pm December 28, 2020

New Delhi: Flipkart Wholesale app, which currently offers fashion products to retailers in 23 cities, witnessed 75 per cent month-on-month growth in customer base since its launch in September, according to a statement. Encouraging trends have emerged from retailers in small towns who have opted for e-commerce as a preferred mode to do business at […]

Reliance to buy out IMG Worldwide from sports management JV

4:09 pm December 25, 2020

New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) has agreed to buy out IMG Worldwide LLC from their sports management joint venture for Rs 52.08 crore. The nation’s biggest company by market value, in a stock exchange filing, said it will buy IMG Worldwide’s 50 per cent stake in IMG-Reliance Ltd (IMG-R) for no more than […]