Net new enrolments with retirement fund body EPFO rose by 56 per cent to 11.55 lakh in October compared to 7.39 lakh in the same month last year, according to its latest payroll data. It provided a perspective on formal sector employment amid the coronavirus pandemic. The net payroll additions, however, have registered a slight dip in October compared to 14.19 lakh in September this year.

Six suitors, including Kotak Special Situations Fund (KSSF) and Asset Reconstruction Company (India) Limited (ARCIL), have submitted bids for Reliance Home Finance, part of Anil Ambani-promoted Reliance Group. Only two bidders submitted compliant and binding bids while four bids are non-binding and not compliant with bid conditions, sources said.

Saudi Arabia on December 20 said its investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis. In February last year, Saudi Crown Prince Mohammed bin Salman announced that Saudi Arabia would invest over $100 billion in India in petrochemicals, refining, infrastructure and several other sectors.

Infrastructure Leasing and Financial Services (IL&FS) on Sunday said the Ministry of Corporate Affairs approved the appointment of Nand Kishore as the group's executive director. Till now, Kishore was serving on the IL&FS board as a non-executive director. Based on the recommendation of the Nomination and Remuneration Committee, the IL&FS board approved the appointment of Nand Kishore.

Jeff Bezos’ e-commerce business in India, which launched its annual report on Sunday announced that 4,152 sellers surpassed Rs 1 crore in sales and the number of ‘crorepati’ sellers grew 29% (YoY). Among other key seller-side achievements reported by the company during the Covid year included 1.5 lakh new sellers joining Amazon in 2020, with more than 50,000 registering in Hindi and Tamil.

Bank of Baroda on Sunday completed integration of 3,898 branches of erstwhile Vijaya Bank and Dena Bank with itself. In a first 3-way amalgamation, Vijaya Bank and Dena Bank were merged with Bank of Baroda from April 1, 2019. The bank completed the integration of 1,770 erstwhile Dena Bank branches in December 2020, and had earlier integrated 2,128 erstwhile Vijaya Bank branches in September 2020.

Reliance Industries and its partner BP will get only USD 4.06 a unit for the new gas they have started to produce from the eastern offshore KG-D6 field even though they have discovered a higher rate in an open market auction, sources said. Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price.

Not-so-expensive credit avenues, benign capital markets and the scramble to built a liquidity war chest saw Indian companies mopping up about Rs 10 lakh crore through equity and debt in 2020. The bullish trajectory is expected to continue in 2021 too. Debt route turned more attractive for many Indian corporates for multiple reasons, including that there won't be the dilution of promoter equity.

Ahead of signing of the MoU with the Centre for setting up of Rs 4,000 crore riverine port project in Mahanadi, a high-level delegation on Sunday visited the proposed site in Odisha's Kendrapara district. The proposed port will come up at Akhadasali village under Mahakalapada block in Kendrapara district, 13 km from the river mouth at Paradip. It will generate employment for 6,000 people.

Foreign portfolio investors (FPI) pumped in Rs 54,980 crore in Indian markets in December so far amidst availability of excess liquidity in global markets and expectation of fresh stimulus package by various central banks, among others. As per the depositories' data, FPIs invested a net Rs 48,858 crore into equities and Rs 6,122 crore into debt segment between December 1 and 18.

A consortium of Indian banks led by the SBI returned to the HC in London for a bankruptcy application hearing against Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines. Mallya, meanwhile, remains on bail as the UK Home Office deals with a "confidential" legal issue before UK Home Secretary Priti Patel can sign off on his extradition.

American online payment gateway giant PayPal has been imposed a ₹96 lakh penalty by the FIU for alleged contravention of the anti-money laundering law and accused of "concealing" suspect financial transactions and abetting "disintegration" of India's financial system. PayPal, which began India operations in November 2017, said it was fully committed to follow due processes.

Jamnagar will have one of the biggest zoos in the world in terms of number and species of animals in one place. According to M.K. Das, additional chief secretary in the chief minister's office, the zoo is being developed by Reliance Industries. According to the information uploaded on the Central Zoo Authority site, the mega zoo, to be called ”Greens Zoological Rescue and Rehabilitation Kingdom".

Competitive Strengths of the company: (1) Leading player in the MSW management industry. (2) Consistent track record of MSW project execution. (3) Diversified project portfolio. (4) Latest technology tools, vehicles, and equipment (5) Experienced team of promoters. Jose Jacob Kallarakal, Shiju Jacob Kallarakal, and Shiju Antony Kallarakkal are the promoters of the company.

Eight of the top-10 most valued domestic companies together added ₹1,25,229.25 crore in market valuation past week in-line with a bullish broader market trend, with HDFC, TCS and Bajaj Finance emerging as the biggest gainers. Over the past week, the BSE benchmark gained 861.68 points or 1.86 per cent. Only Reliance Industries Limited and Hindustan Unilever Limited witnessed erosion in market cap.