Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) can become the first Indian company to hit $200 billion market capitalisation in the coming two years, a global brokerage said. The commerce and fixed broadband businesses can nearly double the m-cap of India’s largest petrochemical and second-largest oil refining company in the next 24 months from the current $122 billion, news agency PTI reported citing Bank of America Merrill Lynch said in a report.

Shares of Bharat Petroleum Corporation (BPCL) climbed as much as 5.54 per cent to Rs 517.45 apiece on the BSE in the intra-day deals on Wednesday. The stock spurted after news reports suggested energy giant Saudi Aramco is likely to express its interest in the strategic sale of BPCL.

The Securities and Exchange Board of India has accepted the graded exit load recommendations prepared by the Association of Mutual Funds of India (AMFI) for redemptions in liquid funds within 7 days of investment. The regulator had previously tasked AMFI formulating the exit load in its September 20th circular. The move is aimed at deterring corporates from using liquid funds to park their money for very short periods.

NEW DELHI : Amazon's virtual assistant Alexa can now take voice commands from you to settle your bills using Amazon Pay. This new Alexa feature supports payment of bills across categories such as electricity, water, post-paid mobile, cooking gas, broadband and DTH.

Users of Amazon Echo, Fire TV Stick and other devices with Alexa built-in can just say commands such as “Alexa, pay my mobile bill" or “Alexa, pay my electricity bill" to get started.

State-run insurer Life Insurance Corporation of India (LIC) has registered a 41.74% growth in first-year premium collection for the April-September period of the current financial year, outperforming the combined growth rate of all private sector life insurance players put together.

Equity benchmark BSE Sensex advanced over 150 points on Wednesday driven by gains in energy and banking stocks amid sustained fund inflow and positive cues from global equities.

The 30-share index was trading 158.41 points, or 0.41%, higher at 38,664.50 at 0930 hours. Similarly, the broader NSE Nifty rose 50.75 points, or 0.44%, to 11,479.05.

The rupee continued its fall on Tuesday with the currency declining by 32 paise to close at 71.54 against the greenback led by persistent dollar-buying throughout the day. This is the lowest level seen by the currency in a month. During the day, the rupee fell to as low as 71.566 against the dollar.

On Monday, the rupee had declined by 21 paise primarily led by a fall in the Chinese yuan after reports indicated China wants more time to finalise the details of the first phase of the trade deal with the US.

Shares of India’s major IT giant Wipro gained on Wednesday morning after the firm reported robust Q2 results. Wipro share price jumped more than 3.29% to hit the day’s high at Rs 251.80 on BSE. Wipro on Tuesday reported a 35% on-year jump in net profit to Rs 2,552 crore in the second quarter of the ongoing fiscal as compared to Rs 1,889 crore in the corresponding period previous fiscal. The software exporter recorded better-than-expected results amid global spending squeeze among its clients.

Flipkart on Tuesday announced its foray into original video content with the launch of Flipkart Video Originals, taking the competition in the video-streaming space a notch higher. Integrated within the Flipkart video platform, which was launched in August this year, Flipkart Video Originals will be curated exclusively for the Flipkart platform, the firm said.

SBI Life Insurance Company reported a net profit of `129.84 crore for the three month ended September, a fall of 48.17% compared to `250.53 crore in September quarter last year. Even for the first six months of the current financial year, SBI Life Insurance reported a net profit of `501.75 crore, down 17% compared to `604.84 crore in the first six months of FY19.

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