India biz briefs Dec 12-18, 2020

Flipkart sees India’s tier-3 as new e-commerce frontier E-commerce marketplace Flipkart said on Friday it witnessed a new user growth of close to 50 per cent right after the lockdown with tier 3 regions registering the highest growth of 65...

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Mukesh Ambani bats for India’s $5 tn leap, pushes for 5G rollout

Pushing for rollout of 5G, RIL chairman says digital technology has evolved into a platform of unlimited enablement and empowerment from being a means of limited engagement Our BureauMumbai Reliance Industries Limited Chairman Mukesh Ambani on Tuesday said that the...

Business – Briefs

  Adani Group seeks action against fake news wrongdoers Adani Group has written a letter to Union Minister for Law and Justice Ravi Shankar Prasad over a planned attempt to malign the reputation of the prominent business houses through fake...

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Q3 figures show silver lining in dark clouds?

Data for third quarter of 2020-21 confirm that economy is recuperating faster than anticipated, more sectors joining multi-speed upturn. Our BureauNew Delhi The Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said that the Indian economy was recovering...

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Covid impact: Pollution goes down

On the positive side, sharp decline in pollution across the country: Report Our BureauNew DelhiContracting for the eighth consecutive month, the output of eight core infrastructure sectors dropped by 2.5 per cent in October, mainly due to decline in production...

Crypto funding consortium Genezis Network launched

As the first step towards supporting crypto startups in India, two leading players in the cryptocurrency space in India, Ajeet Khurana and Pareen Lathia, have launched “Genezis Network” - a consortium of crypto experts to fund startups. They are investing...

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Signs of revival as Q2 reports show better results

Our BureauNew Delhi  Fitch Ratings says the government's reform agenda in response to Covid-19 pandemic has the potential to raise India's medium-term growth rate. Citing continuous revisions in India's GDP estimates as. the current norm, State Bank of India (SBI)...