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Paytm raises $1.4 bn funding from SoftBank
NEW DELHI:Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs. 9,079 crore) in Indian digital payments platform, Paytm.
The funding will help Paytm -- operated by One97 Communications -- expand its soon-to-be launched payments bank operations as well as grow its user base and introduce more financial products for consumers.
AI starts direct flight between Delhi, Stockholm
NEW DELHI: Air India has announced non-stop flight services between Delhi and Stockholm, starting from August 15, 2017.
The flights will operate thrice a week -- Wednesdays, Fridays and Sundays - with each flight roughly having eight-hour duration.
Making the announcement, Ashwani Lohani, Chairman and Managing Director of Air India said, "As part of Air India's international route network expansion plans, we are happy to announce the Delhi-Stockholm direct flight from August 15, 2017. The flight will be operated thrice a week on Boeing 787 Dreamliner aircraft."
Gold climbs by Rs. 55 on positive global leads
NEW DELHI: Gold racked up gains on a bout of risk aversion as it climbed for the third straight day by gaining Rs. 55 to Rs. 28,630 per 10 grams Monday, reflecting a firm overseas trend amid local buying push.
However, silver came down by Rs. 100 to Rs. 38,500 per kg due to lower off take.
Markets conquer new peaks, Nifty scales 9,500
MUMBAI: Markets soared to record-smashing heights for the second straight session Tuesday as investors remained enthused by the early onset of monsoon amid quarterly earnings cheer.
Benchmark Sensex finished at a fresh lifetime high of 30,582 while the broader Nifty closed above the 9,500-mark for the first time.
Infy to hire 10,000 Americans, set up 4 tech hubs in US
NEW DELHI: IT firm Infosys will hire 10,000 Americans in the next two years and open four centres in the US in a bid to woo the Trump administration, which has been critical of outsourcing firms for unfairly taking jobs away from US workers.
The first of the four innovation centres for new technologies like artificial intelligence (AI) and machine learning will open in August in Indiana, the home state of US Vice President Mike Pence.
SC asks Essar to pay Rs 1038.27 cr to Guj Govt as power duty
New Delhi: The Supreme Court today dismissed the appeals of Essar Steel and Essar Power and upheld the Gujarat High Court's order holding them liable to pay Rs 1038.27 crore towards electricity duty to the state government.
"We are dismissing the appeals," a bench of Justices A K Sikri and Ashok Bhushan said.
Aditya Puri features in Barron’s 30 best CEOs
MUMBAI: HDFC Bank managing director Aditya Puri's name has featured in the list of world's 30 best CEOs, published by American financial magazine Barron's.
"Puri, 66, has transformed HDFC Bank from a start-up into one of the world’s highest-quality banks, generating eye-popping returns by maintaining lending standards while expanding beyond corporate loans into a full-service retail bank," Barron's said.
Sensex trips 97 points, Nifty below 9,100
MUMBAI: The benchmark Sensex fell almost 97 points and the NSE Nifty cracked below the 9,100-mark in early trade on March 27 as investors took profit in recent gainers amid weak Asian cues.
The 30-share barometer declined 96.80 points, or 0.32 per cent, to 29,324.60 with sectorial indices led by metal, teck, IT, healthcare, oil&gas, FMCG and auto trading in negative zone with losses up to 0.86 per cent.
12 lakh new notes infused in the market: Jaitley
NEW DELHI: Around 12 lakh new currency notes have been infused into the market by the Reserve Bank of India ever since the remonetisation process has started, Finance Minister Arun Jaitley said today.
E-commerce expected to touch USD 50-55 billion by 2021: Study
MUMBAI: E-commerce market is expected to be at USD 50-55 billion by 2021 from the current USD 6-8 billion, according to a recent report.
The report by Retailers Association of India and Boston Consulting Group revealed that on decoding the digital opportunity sectors that could see maximum e-commerce penetration would be consumer electronics, apparel, homeware and furniture, luxury, health, FMCG and food and grocery.