Finance News

Composition of heavyweight stocks on Indian bourses static over last decade, sectoral composition changes

Composition of heavyweight stocks on Indian bourses static over last decade, sectoral composition changes

New Delhi: The growth of the Indian economy over the last decade and mushrooming of large sized companies over the period has not changed the character of the stock markets as the same old entities that became heavyweights on the bourses 10 years back continue to outperform others even today.Accordi...

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Totally disillusioned with your lackadaisical attitude: Kishore Biyani to Amazon

Totally disillusioned with your lackadaisical attitude: Kishore Biyani to Amazon

New Delhi: Kishore Biyani, Future Coupons and Future Corporate Resources have said that totally disillusioned and fed up with Amazon's lackadaisical attitude, they were left with no option but to accept the offer from Reliance.This communication to Amazon is a response to their notices and addressed...

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Chhabria ran car finance, fake registration racket: Mumbai cops

Chhabria ran car finance, fake registration racket: Mumbai cops

Mumbai: Ace car-designer Dilip Chhabria, who was arrested late on Monday night is allegedly connected with a car finance and fake registration racket involving his self-designed ultra-highend luxury vehicles, Mumbai Police said on Tuesday.The high-profile arrest by Mumbai Police Crime Branch came af...

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No more worries about late filing of returns with I-T's 'Jhatpat scheme'

No more worries about late filing of returns with I-T's 'Jhatpat scheme'

New Delhi: Last minute filers of income tax returns for financial year 2019-20 (assessment year 2020-21) need not worry about completing the process in time to beat the deadline.The Income Tax Department has introduced the "Jhatpat Processing" feature that will allow processing of returns filed onli...

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Reliance biggest wealth creator in past 25 years: Report

Reliance biggest wealth creator in past 25 years: Report

New Delhi: Reliance Industries has emerged as the biggest wealth creator for the period between 1995 and 2020, said a report by the Motilal Oswal Financial Services.IT major Infosys has turned out to be the fastest wealth creator during the 25-year period, while Kotak Mahindra Bank has been the most...

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Majority of Indians plan to purchase property in 2021: Report

Majority of Indians plan to purchase property in 2021: Report

New Delhi: Around 82 per cent of the people across the major cities plan to buy a residential property in 2021, according to a report by NoBroker.com.The purchase sentiment among the people last year was 64 per cent. The report titled 'India Real Estate Report 2020' showed that 89 per cent of people...

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5 mobile games that cheered young Indian players in pandemic

5 mobile games that cheered young Indian players in pandemic

Other than video calling, it was mobile gaming that took India by storm during the lockdowns and social distancing times. As parents got busy with remote work and struggled to maintain the work-life balance, the popularity of mobile games surged among the youth, especially millennials and Gen Z.With...

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Wipro to takeover IT operations of German firm in $700m deal

Wipro to takeover IT operations of German firm in $700m deal

Bengaluru: Global software major Wipro on Tuesday announced that its is taking over the IT operations of German food services firm Metro AG in a $700 million (Rs 5,171 crore) deal."As a part of the transaction, Wipro will take over the IT units of Metro AG - Metro-Nom - in Germany and Metro Systems ...

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Burger King's dream run continues, hits 20% upper circuit

Burger King's dream run continues, hits 20% upper circuit

Mumbai: Shares of quick restaurant service provider Burger King India Ltd. continued to surge on Wednesday as it hit the upper circuit for the third straight day.On Wednesday, its shares on the BSE reached Rs 199.25, rising Rs 33.20 or 19.99 per cent from its previous close.The company's stock got l...

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2 crore Indians on Zuckerberg's WhatsApp Pay despite concerns

2 crore Indians on Zuckerberg's WhatsApp Pay despite concerns

Mumbai: If recent reports are to go by, WhatsApp Pay could be used by at least 2 crore Indians thanks to leading banks and the National Payments Corporation of India (NPCI) for enabling WhatsApp to connect with the Unified Payments Interface(UPI).  On Wednesday, WhatsApp Pay announced that it w...

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