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There are more than a thousand funded startups and 10 unicorns in the country’s SaaS sector. India’s software-as-a-service industry could reach $1 trillion in value and create nearly half million new jobs by 2030 as businesses around the world accelerate digitization and automation, according to a new study. There are …

Petrol and diesel prices continue to scale new highs in the country as they were hiked for fifth time in July despite a fall in crude oil prices in international markets. Petrol price was increased by 35 paise in Delhi to an all-time high of Rs 100.56 per litre, according …

The Indian equity benchmarks were seen opening lower on Thursday ahead of weekly expiry of index future and option contracts as indicated by the Nifty futures on Singapore Exchange. The Nifty futures on Singapore Exchange also known as SGX Nifty futures fell 56 points or 0.35 per cent to 15,832. …

RLDA will also invite RFP for the development of Egmore railway colony Indian Railways statutory body Rail Land Development Authority (RLDA) is in the process of inviting online bids for leasing seven land parcels for commercial development in Chennai, as the city has emerged as a realty hub with the growth of the …

Bajaj Finserv, IndusInd Bank, Tata Steel and HDFC gained 1-2 per cent each on the BSE The benchmark indices are subdued in afternoon trading as gains in heavyweights such as Tata Steel and HDFC have been negated by losses in Reliance Industries, M&M and Maruti Suzuki. As of 1:00 pm, …

Mukesh Ambani’s entry into renewable energy sector could drive solar tariffs higher Tycoon Mukesh Ambani’s $10 billion entry into renewable energy could drive solar tariffs further to the ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts say. India’s two richest men are vying to be at …

Shares of real estate developer – Sobha Ltd. – rose as much as 9 per cent to hit an intraday high of Rs 535 after it reported quarterly performance update for first quarter of current financial year. Sobha achieved total sales volume of 895,539 square feet of super built-up area …

Kotak Mahindra Bank: The deal is expected to be completed by the end of July 2021 Kotak Mahindra Bank’s securities business subsidiary, Kotak Securities will acquire a nearly 10 per cent stake in financial technology company Kredent InfoEdge (KIPL) for Rs 10 crore. Under the terms of the deal, Kotak Securities will …

The government has brought Department of Public Enterprises (DPE) under the Finance Ministry in a bid facilitate its ambitious disinvestment programme. Earlier, DPE was part of Ministry of Heavy Industries and Public Enterprises. “Ministry of Finance (Vitta Mantralaya), after the sub-heading (v) Department of Financial Services (Vittiya Sewayen Vibhag), following …

Ahead of IPO, GR Infraprojects has already raised Rs 283 crore from anchor investors GR Infraprojects’ Rs 963 crore initial public offering (IPO) opens for bidding today i.e. July 7, 2021. The Udaipur-based company’s public issue will entirely be an offer-for-sale (OFS) of up to 1.15 crore shares by the …