BUSINESS
Insurance sector's growth momentum fizzled out in November
"The improvement witnessed in August-October 2020, after the unlocking, fizzled out in November 2020 as the industry reported APE degrowth of 44.4 per cent YoY," Emkay Global Financial Services said.
IRCTC shares fall 8% as government offers stake sale of 20%
IRCTC's shares on the BSE were trading at Rs 1,481.50, at around 12 p.m., which is lower by Rs 136.55 or 8.44 per cent from its last time. Shares of IRCTC fell as the company announced OFS of up to 2,40 crores share with an option of additional sell of 0.8 lakh shares with floor prices of Rs 1,367 per share.
PM SVANidhi scheme: Swiggy to onboard 36,000 street vendors
In partnership with the Prime Minister Street Vendor's AtmaNibhar Nidhi (PM SVANidhi) scheme, Swiggy has created a team to explore and identify popular street vendors on the platform. The company has also created a special destination on the app where consumers can discover their favourite street food vendors.
Maruti Suzuki plans to increase prices of all models from January 2021
The automobile major said that the cost of vehicles has severely been impacted because of many input costs and it has become necessary to pass on some of the impacts on customers. In a regulatory filing, the company said that price increase shall vary for different models.
Sony buys anime streaming service Crunchyroll for $1.17bn
Crunchyroll is a premier anime direct-to-consumer service within AT&T's WarnerMedia segment. It serves 90 million registered users across more than 200 countries and territories offering AVOD (ad-based video on demand), mobile games, manga, events merchandise and distribution.
Foreign inflows fund market rally, Sensex at over 46K-mark
Foreign investors pumped in liquidity worth Rs 3,564.23 crore on Wednesday as they eye prospects of a faster economic recovery in India amid subsiding Covid-19 cases.
Govt plans to sell up to 20% stake in IRCTC
It has also proposed an additional share sale of up 80 lakh equity shares of 5 per cent of the paid-up equity share capital, in case of oversubscription.
NBFCs with 15% CRAR for 3 yrs may be allowed to pay dividend
The RBI has sought comments on the draft circular from NBFCs, industry participants and other interested parties by December 24.
India attracted $38 billion FDI despite pandemic: Amitabh Kant
He said that Niti Aayog has taken up various measures to attract FDI and has pushed limits in innovation. India is becoming an innovation-driven economy by removing regulatory barriers, he said, at a session titled 'Transformation of India with a focus on entrepreneur ecosystem' at TiE Global Summit.
Amazon, CII tie up to help MSMEs in 10 states adopt e-commerce
In a statement, Amazon India said, along with CII, it will work closely with the Ministry of MSME to enable lakhs of MSMEs across these states to leverage technology to reach customers in India and globally.
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