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Stunning growth: The FMCG sector in India is expected to more than double to $104 billion by 2020 from the current $49 billion. The sector is expected to grow at a compounded annual growth rate (CAGR) of 20.6 per cent. There is almost nothing else in the world growing this quick.

Recovery in sight for FMCG in 2020

Crisil expects nearly 400 basis points moderation in growth to an estimated 8-9 per cent is likely in financial year...

22 Jan 2020 6:47 AM IST

Zomatos top shareholder Info Edge (India) Ltd said in a filing on Friday that after the funding its stake will drop to about 25.13 per cent.

Zomato gobbles up UberEats

With this deal, Zomato claimed to have become No. 1 in the food delivery space, which is projected to reach $15 billion...

22 Jan 2020 6:44 AM IST

Energetically refined

We take the Volvo XC40 out for a spin and explore every facet of the car so that you can see if this small SUV is for...

22 Jan 2020 6:30 AM IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.

Telcos move in SC seeking fresh schedule for payment of Rs 1.47 lakh...

The telcos said they wanted an open court hearing on their fresh pleas with regard to working out fresh schedule of...

21 Jan 2020 11:30 AM IST

â€¢ Key findings from the analysis reveal millennials within income range of Rs 25k-50k topped the borrowing charts.

Medical expenses, consumer durable purchases led 2019 millennial...

CASHe releases its 2019 millennial borrowing and spending analysis titled The 2019 Millennial Loan-o-Nomics'.

21 Jan 2020 11:23 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

New Indian law to protect foreign investors to exclude tax demands:...

The bill is likely to be presented for passage in the upcoming parliament session that starts January 31.

21 Jan 2020 10:44 AM IST

The new Uber Eats drone can make up to three six-mile legs for an 18-mile trip.

Uber sells Indian food delivery arm to Ant Financial-backed Zomato

Uber Eats in India will discontinue operations, and direct restaurants, delivery partners and users to the Zomato...

21 Jan 2020 10:36 AM IST

At the interbank foreign exchange, the rupee opened strong at 70.55, registering a rise of 26 paise over its previous close of 70.81. (Photo: DC)

Rupee dips 6 paise against US dollar in early trade

Rupee is trading at 71.17 against the US dollar in opening trade on Tuesday, tracking weak domestic equity market.

21 Jan 2020 10:32 AM IST

IndusInd Bank was the top gainer in the Sensex pack, rising 2.68 per cent. ICICI Bank gained 2.68 per cent at close. Yes Bank, Tata Steel, SBI, TCS, L&T and Infosys also advanced. (Photo: File)

Sensex drops over 200 points; Nifty tests 12,200

After hitting an intra-day low of 41,301.63, the 30-share BSE index pared losses to trade 86.90 points or 0.21 per cent...

21 Jan 2020 10:28 AM IST

Indus Towers currently operates in 15 telecom service areas and Bharti Infratels operations are focused on the remaining 7 circles.

On turnaround path, ITI plans Rs 1,600 crore FPO

Besides offering the telecom solutions, ITI is also executing turnkey projects for installation and commissioning of...

21 Jan 2020 1:23 AM IST

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

SFBs, Nidhis may eat into gold loan NBFCs' market

SFBs have access to low-cost funds through deposits, giving them an edge over the traditional gold loan NBFCs.

21 Jan 2020 1:15 AM IST

IT stocks declined up to 6% on Friday due to concerns over tightening of H1-B visa norms. Shares of Infosys dropped 3.11%, TCS fell by 0.55% on the BSE.

Weak earnings pull down stocks

Over the weekend, index heavyweights like, RIL, HDFC Bank and TCS posted their quarterly numbers, which seem to have...

21 Jan 2020 1:11 AM IST