BUSINESS

Sensex snaps 5-day winning run, ends 144 pts lower

4:10 pm December 10, 2020

Mumbai: Snapping its five-session winning run, equity benchmark Sensex ended 144 points lower on Thursday, tracking losses in index heavyweights HDFC twins, Reliance Industries and ICICI Bank. The 30-share BSE index settled 143.62 points or 0.31 per cent lower at 45,959.88. The broader NSE Nifty fell 50.80 points or 0.38 per cent to 13,478.30. UltraTech […]

Gold declines Rs 534; silver tanks Rs 628

3:57 pm December 10, 2020

New Delhi: Gold prices declined Rs 534 to Rs 48,652 per 10 gram on Thursday in the national capital in line with lower global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 49,186 per 10 gram. Silver also dipped Rs 628 to Rs 62,711 per kg, from Rs 63,339 per kg in the previous trade. In the […]

Mukesh Ambani becomes grandfather

3:39 pm December 10, 2020

New Delhi: Billionaire Mukesh Ambani on Thursday became a grandfather after a son was born to his eldest son. ”Shloka and Akash Ambani became proud parents of a baby boy today in Mumbai,” a statement from the Ambani family spokesperson said. Akash married diamantaire Russell Mehta’s daughter Shloka in March 2019. Ambani, 63, and his wife Nita have three children – twins […]

When Yes Bank audit report carried only a brief obit of Ashok Kapur

3:54 pm December 9, 2020

New Delhi: An obituary message for Yes Bank founder chairman Ashok Kapur, who fell to terrorists’ bullets in the 26/11 attacks, was carried in a ”tiny blink-and-miss paragraph” in the company’s audit reports published five months later, claims a new book. Kapur, who owned 12 per cent of the bank’s shares, was a regular at […]

Flipkart expands benefits for sellers under 'Growth Capital' programme

Books on Hero, Flipkart, HDFC in race for Gaja Capital Prize

3:20 pm December 9, 2020

New Delhi: Books on HDFC Bank’s digital revolution and the journeys of Flipkart, BigBasket and Hero are among the six works shortlisted for the Gaja Capital Business Book Prize 2020. Instituted by equity firm Gaja Capital last year, the Rs 15-lakh prize is awarded annually to celebrate the best non-fiction books on contemporary Indian business. The shortlisted books are ”HDFC Bank 2.0” by […]