New Delhi: Paytm Mall World Store which makes international brands available to Indian buyers on its platform is easing the shopping experience of buyers who face several issues when they shop on international platforms.

"The company is rapidly expanding its 'Paytm Mall World Store' which makes international brands available to Indian buyers at its platform.

L&T Infotech said on Wednesday that it is set to acquire Bengaluru-based firm Lymbyc that specialises in artificial intelligence, machine learning and advanced analytics. This would be L&T Infotech’s (LTI) fifth acquisition since its listing in 2016. The transaction is expected to close within four to six weeks with the 100% acquisition to be done via cash. LTI said the enterprise value for 100% share capital of Lymbyc is Rs 38 crore on a cash-free, debt-free basis which will be paid as a combination of upfront and three-year earn-out payments.

In its second attempt to sell Air India, the central government has put the divestment process on the fast track.

Sources close to the development said the expression of interest (EoI) for divestment of Air India may be out by October.

Private sector lender YES Bank on Wednesday reported a 90.97% year-on-year drop in its net profit for the April-June quarter at Rs 113.76 crore on account of lower income and higher provisioning.

Sequentially, the company reported a net loss of Rs 1,506.64 crore in the March quarter.

India's second-largest lender ICICI Bank has launched a new digital platform for micro, small and medium enterprises (MSMEs) and self-employed customers to enable them to undertake their business banking transactions digitally.

Called, 'InstaBIZ', it allows customers to avail as many as over 115 products and services in a digital and secure manner on their mobile phone or internet banking platform.

Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi has written to the finance ministry, seeking a review of the Budget proposal that mandates transferring 75 per cent of the market regulator's surplus funds to the central government, it is learnt.

In a letter to the ministry on July 10, Tyagi said the proposed move, part of the Finance Bill, 2019, would affect the functioning of Sebi as well as the securities market.

IT services major Wipro continued to witness tepid revenue growth in the first quarter of the ongoing financial year owing to uncertainty in the macro environment apart from delay in closure of large projects.

Operating margins also dipped because of rising wage cost and higher expenses due to changing onshore-offshore mix, in spite of the company reporting forex gains.

Bill Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index. That run ended Tuesday when the Microsoft Corp. co-founder dropped to No. 3 behind France’s Bernard Arnault.

LVMH, Arnault’s luxury-goods maker, advanced to a record Tuesday and pushed his net worth to $107.6 billion and ahead of Gates by more than $200 million. The shares extended their gains Wednesday, rising 0.7% at 1:54 p.m. in Paris.

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty opened on a choppy note on Wednesday amid weak global cues and continued foreign fund outflow.

The 30-share index was trading 4.40 points, or 0.01 per cent, lower at 39,126.64 at 0930 hours, while the broader Nifty inched 2.20 points, or 0.02 per cent, higher to 11,664.80.

MUMBAI: The family that controls Apollo Hospitals Enterprise Ltd., India’s largest private hospital chain, is looking to sell assets or bring an outside investor into their holding company to pay down debt.

The aim is to reduce the Apollo shares pledged by the family as collateral to lenders, to 20% of their total holding in the company from about 78% now, said Suneeta Reddy,

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