BUSINESS
Third-party sales rise by 50% globally on Amazon during holiday season
Nearly all of third-party sellers are small and medium-sized businesses, the company said on Monday. "We invested billions of dollars to help small- and medium-sized businesses continue to grow and to help keep employees safe and deliver products to customers - including more than $2.5 billion in bonus pay to front-line workers," Amazon said in a blog post.
Markets continue to rise, banking stocks shine
Accordingly, the improving economic scenario as well as a small intra-day correction pulled in fresh foreign funds. During the intra-day, some losses were witnessed in the media, metal, FMCG, auto, realty and pharma indices. However, banking, financial services and IT space traded in the green.
Petrol, diesel prices remain static, Brent crude above $51/bbl
Fuel prices were unchanged across the four metros. In the national capital, petrol was sold for Rs 83.71 per litre. Similarly, in Mumbai, Chennai and Kolkata, petrol prices were unchanged at Rs 90.34, Rs 86.51 and Rs 85.19 per litre, respectively. Diesel price has also been the same since the last revision on December 7.
Dixon Technologies share prices surge after pact with Motorola smartphones announced
Dixon Technologies signed an agreement with Motorola to manufacture the brand's smartphones in India and as the pact announcement was made, share prices of the Indian electronic maker surged over 6%.
All export restrictions on onions to be removed from January 1
All onion varities including 'Bangalore Rose' and 'Krishnapuram' can be exported, said the notification issued by the Directorate General of Foreign Trade. Apart from raw onions, these varities can be exported in the form of "cut, sliced or in powder form". In September, the Centre had prohibited export of onions with immediate effect due to the rise in domestic prices.
Fineotex Chemical shares surge as Nippon India MF picks up stake
On Tuesday, its shares on the BSE hit a 52-week high of Rs 62.15 per share. Around 11.10 a.m., shares of Fineotex Chemical were trading at Rs 59.65, higher by Rs 5.55 or 10.26 per cent from its previous close.
Sensex, Nifty hit fresh highs as rally continues
Sensex hit a fresh high of 47,710.38, and the Nifty50 touched an all-time high of 13,967.60 points. Healthy buying in banking and IT stocks supported the market.
ITAT relief for 3 Tata trusts, tax tribunal says Cyrus Mistry's claims doubtful
Through the order, the appellate tribunal has upheld the tax exemptions given as per Section 11 of the Income Tax Act to the three trusts. The case pertains to allegation levelled by Mistry over prohibited mode of investment by these Trusts in shares that resulted in revised assessment order by the Income Tax department.
ITC Hotels launch Welcomhotel Shimla
Welcomhotel has launched its first property in Himachal Pradesh, Welcomhotel Shimla. Tucked away in an unexplored village with experiential stays, lush green expanse and breathtaking views of the hills, Welcomhotel Shimla is the ideal getaway destination for those wanting to reconnect with Nature.
India's inflation target should be maintained at 4%: RBI Working Paper
The paper, published by the RBI's Department of Economic and Policy Research, noted that central to monetary policy is the concept of 'Trend Inflation' to which actual inflation outcomes are expected to converge after short-run fluctuations die out.
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