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Grofers works closely with 4,000-5,000 small merchants who help the company fulfill its orders.

Grofers plans on doubling sales to Rs 5,000 cr by FY20; eyes IPO in 3...

The online player that was last valued at USD 600 million has moved out of hyper-local delivery model 3 years ago.

6 May 2019 1:48 PM IST

Insurance companies also raised their stake in Yes Bank from 11.04 per cent to 11.10 per cent while select mutual funds also raised their stake, though overall mutual funds reduced their stake in Yes Bank from 10.16 per cent to 9.54 per cent.

Yes Bank shares fall 5 pc on ratings downgrade

Icra downgraded Yes Bank's long-term ratings along with a negative outlook.

6 May 2019 12:53 PM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Income tax e-filers drop by over 6.6 lakh in FY19: Official data

Kotak Economic Research in an April 30 report said: "We are surprised with the decline in income tax e-filing in...

6 May 2019 11:41 AM IST

The decision came after a meeting of representatives of Indian Revenue Service (Customs and Central Excise), All India Association of Central Excise Gazetted Executive Officers, All India Central Excise Inspectors Association and All India

April service sector growth at 7-month low, dented by Lok Sabha...

Purchasing Managers' Index slipped to 51.0 in April, the lowest since September, down from 52.0 the previous month.

6 May 2019 11:29 AM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Sensex cracks over 400 pts amid bloodbath in Chinese equities

Chinese bourses sank led by Shanghai Composite Index that plunged over 5 per cent.

6 May 2019 10:16 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee slips 24 paise to 69.46 vs USD in early trade

The rupee opened weak at 69.38 at the interbank forex market and then fell further to 69.46, down 24 paise over its last...

6 May 2019 9:59 AM IST

US President Donald Trump speaks about a state of emergency from the Rose Garden of the White House in Washington, DC.

Trump vows tariff hike on Chinese goods, escalating tension in trade...

Stock markets sank and oil prices tumbled as negotiations were thrown into doubt.

6 May 2019 9:25 AM IST

China, throttled by export barriers to the US, might diversify the structure of its exports, using overseas production and export units in countries with trade ties to the US. India could be one such location.

Asian markets plunge as Trump threatens to hike China tariffs

"Despite US-China trade talks hitting impasse based on tweet, I think a deal will be signed shortly," said Stephen...

6 May 2019 8:56 AM IST

Its mandatory by law to own a third-party insurance for your vehicles. Third party is any party apart from you or the insurance company that may suffer damages due to an accident caused by your vehicle.

What all will your car insurance not cover?

Looking at some common exclusions from motor insurance policies.

6 May 2019 6:59 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)

Fishing in troubled waters of finance sector

Non-banks borrow from their competition (banks), mutual funds, insurance companies and institutional investors.

6 May 2019 6:52 AM IST

If Jhobalias optimism is anything to go by, the sector is witnessing a buyer-friendly market and that could bring back fence-sitters waiting for the perfect opportunity to invest in their dream home.

Realtors expect boost from Akshaya Tritiya

More or less similar sentiments were echoed by Ritwik Das, MD, Bluechip Projects.

6 May 2019 6:45 AM IST

Indias sugar output in the last marketing year (October-September 2018) was also a record of the sort at 32.5 million tonne.

Sugar faces supply pressure

The Centre has recently increased the monthly sugar sales quota by 17 per cent month-on-month to 2.1 million tonne in...

6 May 2019 3:27 AM IST