Alibaba, which is a major investor in BigBasket with around 28 per cent stake, is not pumping any fresh capital into the e-grocer in the wake of a larger anti-China sentiment and FDI curbs imposed by the government

The equity market has seen a roller coaster ride. Most investors are likely to have found it too adventurous. They would have looked to exit the market in the first opportunity

All major cycle manufacturers in the country like Hero Cycles, TI Cycles, Decathlon and Trek bikes are witnessing a surge in demand on the back of the coronavirus lockdown

Most consumer durables majors claim that their sales are almost at pre-COVID levels, and they are hoping for a great festival season too. However, bulk of this consumer optimism is coming from the smaller markets

From Grofers to BigBasket, most of e-commerce grocery platforms have stepped up their private brands offering in a big way

Reliance Retail warned of initiating legal proceedings against such fake websites misusing its brand name to protect its goodwill and reputation

InstaMart will offer day and night services (7 am-12 am) across categories such as instant ice-creams, meat, fruits, vegetables among others.

The company has ramped-up its warehouse capacities by adding three new facilities to its network and has hired additional 2,000 warehouse staff to meet heightened demand, the statement said

The electric vehicle (EV) market is likely to be a Rs 50,000-crore opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrification of the vehicles; Delhi minister Gopal Rai on Sunday said the AAP government will launch a special programme to generate more employment opportunities in the city; Softbank-backed Grofers has advanced its plan to launch an initial public offer by the end of next year after its profit zoomed during the lockdown period. Watch this and more on News Blast.Also Read: RBI Governor Shaktikanta Das highlights 5 bright spots in Indian economy

Mindspace Business Parks REIT, which is owned by K Raheja group and Blackston, has raised Rs 2,644 crore from anchor and strategic investors

The Goldman Sachs report highlighted that online grocery will be the biggest growth driver for e-commerce in India. The segment is expected to progress gradually growing 20 times over five years to reach $29 billion in size

COVID-19 impact: RBI may cut lending rates by another 25 bps in August to revive economyThe Reserve Bank is likely to go for a minimum 25 basis points cut in key lending rate in the forthcoming monetary policy review in view of the pressing need to revive the coronavirus-hit economy, feel experts. The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6.Unlock 3.0: Schools, metros to remain...

India Stock Market Highlights: Asian Paints, HCL Tech, Infosys, UltraTech Cement, TCS were among the top gainers, while Axia Bank, HDFC Bank, ICICI Bank, IndusInd Bank and Zee Entertainment were among the top gainers today

Grofers co-founder and CEO Albinder Dhindsa told PTI that the company started making operational profit in January and expects to become cash positive by the end of this year

Facebook has picked up a 9.99 per cent stake in Jio Platforms, the subsidiary of RIL that houses the country's youngest but biggest telecom company as well as an array of apps

Smartphone shipments have seen a drastic fall in the April-June period due to the coronavirus lockdown. Phone shipments fell 48 per cent on year, as mentioned in a report by Canalys. Around 17.3 million smartphones were shipped in the quarter, as compared to 33 million in the previous year. Apple was the least impacted among the top 10 players, while Samsung was the most affected, stated the report. Watch the video for more.Also Read: Zomato, Grofers, Ixigo restore salaries to pre-COVID-19 levels

The new board, led by banker Uday Kotak, was appointed by the government in 2018 after a series of defaults by IL&FS and its group companies triggered concerns of a bad debt crisis in India's shadow banking sector

During the three-month lockdown period (April-June), several of these companies even issued additional employee stock options to employees, in lieu of the salary cuts owing to the economic crisis triggered by the pandemic-induced lockdown

Unorganised markets, such as the street vendors are selling tomatoes for around Rs 70 per kg contingent up on its quality and locality. Some are even selling it at Rs 80 per kg

Sequoia believes India and SEA will be the hub for big technology companies of the next decade