Indian

Flipkart expands benefits for sellers under 'Growth Capital' programme

Flipkart partially spins off PhonePe, Binny Bansal to join board of fintech co

11:43 pm December 3, 2020

New Delhi: E-commerce major Flipkart on Thursday announced a “partial spin-off” of PhonePe as the digital payment firm raises USD 700 million in funding, valuing it at USD 5.5 billion. Flipkart co-founder Binny Bansal will join PhonePe’s board of directors, along with the fintech company’s co-founders Sameer Nigam and Rahul Chari. In this financing round, PhonePe is raising USD […]

National lockdown can dent GDP growth by 2%, states should do with local curbs: Report

Indian economy witnessing V-shaped recovery: FinMin report

3:35 pm December 3, 2020

New Delhi: The Indian economy is witnessing a V-shaped recovery as the Gross Domestic Product (GDP) has recorded a quarter-on-quarter growth of 23 per cent in the July-September quarter of this fiscal, according to the Finance Ministry’s latest Monthly Economic Review. The decline in the GDP narrowed to 7.5 per cent in the second quarter of this […]

Military commanders of India, China to hold talks on Saturday

India’s emergence not a threat to anyone: Defence Secy

2:47 pm December 3, 2020

New Delhi: Emergence of India is not a threat to anyone and it does not get threatened by anyone, Defence Secretary Ajay Kumar said on Thursday, asserting that the national interest requires maintenance of stability in the country’s immediate neighbourhood. The Indian and Chinese armies are locked in a bitter standoff at multiple locations in eastern Ladakh for the last seven […]

Christopher Nolan is ‘absolutely thrilled’ about India release of ‘Tenet’

2:30 pm December 3, 2020

New Delhi: Ace filmmaker Christopher Nolan on Thursday said he is happy that audiences in India will be finally able to see and enjoy his new movie “Tenet” in cinema halls. Ahead of the film’s theatrical release in the country on Friday, Nolan sent a video message for his legion of fans, insisting that the movie is made for the big […]

China begins import of Indian rice after 2 yrs amid border tension; places orders for 5k tonnes

6:53 pm December 2, 2020

Beijing: China has started importing Indian rice after a gap of two years and placed orders for shipment of about 5,000 tonnes of non-basmati rice due to competitive prices offered by India compared to other nations, according to the All India Rice Exporters Association (AIREA). India is the world’s major exporter of rice, while China is the […]