BUSINESS

News broadcasters demand exemption from new IT rules

5:25 pm May 27, 2021

New Delhi: The News Broadcasters Association (NBA) Thursday urged the government to ”exempt and exclude” the traditional television news media and its extended presence on the digital news platforms from the ambit of the IT Rules 2021, saying it is already ”sufficiently regulated” by various statutes, laws, guidelines, codes and regulations. ”The Information Technology Act, 2000 (IT Act, 2000) […]

Flipkart expands benefits for sellers under ‘Growth Capital’ programme

5:06 pm May 27, 2021

New Delhi: Walmart-owned Flipkart on Thursday said it has expanded benefits under its seller financing programme ‘Flipkart Growth Capital’ to support business continuity and growth for its seller partners. Flipkart has forged new partnerships with multiple lenders under the ‘Working Capital’ loans programme to increase the breadth of options and opportunities available to lakhs of these marketplace sellers, a statement said. […]

Sensex rallies 380 pts; Nifty reclaims 15,300

9:07 pm May 26, 2021

Mumbai: Equity benchmark Sensex rallied 380 points on Wednesday, led by gains in index majors Infosys, HDFC and TCS amid a largely positive trend in Asian markets. The 30-share BSE index ended 379.99 points or 0.75 per cent higher at 51,017.52, and the broader NSE Nifty surged 93 points or 0.17 per cent to 15,301.45. […]

Fire at HPCL refinery at Visakhapatnam, no casualties

8:11 pm May 25, 2021

Visakhapatnam: A fire broke out at Hindustan Petroleum Corporation Ltd’s oil refinery in the city on Tuesday afternoon but it was doused within hours and there were no casualties. The fire was noticed in a pipeline outside the primary unit that processes crude oil for conversion into fuel at around 15.00 hrs. “Safety measures and […]

Rupee surges 19 paise to 72.77 against USD

8:07 pm May 25, 2021

Mumbai: The rupee strengthened by 19 paise to end at 72.77 against the US dollar on Tuesday, tracking weakness in the American currency in the overseas market. At the interbank forex market, the local unit opened at 72.85 against the greenback and witnessed an intra-day high of 72.75 and a low of 72.87. It finally […]