MUMBAI: SBI Cards - the credit card-issuing joint venture between the country's largest bank and GE Capital - has seen share of e-commerce in its total transactions double to 45% in the last one year.

The country's third largest credit card issuer is expecting online transactions to overtake physical ones (where cards are swiped) and has launched a dedicated card for online which gathers more rewards points. SBI Cards is offering SimplyCLICK which - through a strategic partnership with Amazon India, BookMyShow, Cleartrip, FabFurnish, Foodpanda, LensKart and Ola Cabs - will offer ten times the reward points of a regular card for a transaction with these merchants.

Mumbai: Bond risk for billionaire Mukesh Ambani’s Reliance Industries Ltd is falling for the first time in four quarters as it gets ready to start a fourth-generation (4G) mobile phone network and to make more synthetic materials.

Contracts that protect debt in India’s second-biggest company by value against non-payment have fallen 22 basis points from an eight-month high of 206 on 25 August, according to data provider CMA.

New Delhi: India has awarded a contract worth Rs.1,320 crore to Infosys Ltd to build and maintain the technology network crucial for implementing the proposed goods and services tax (GST) system across the country for five years, an official aware of the matter said on Monday.

The government had created a company called GST Network to provide the technology backbone to introduce GST and connect the databases of states and the Centre.

Accusing Prime Minister Narendra Modi of having no time for farmers, Congress president Sonia Gandhi on Sunday vowed to take her party’s fight for farmers’ rights from Delhi to the States.

Speaking at a Kisan Samman rally on the Ramlila Maidan to commemorate the Congress’ ‘victory’ in forcing the Modi government to backtrack on the controversial land acquisition ordinance, Ms. Gandhi pronounced it as a victory for all farmers.

The BSE Sensex and NSE Nifty gained around around 2.5 per cent last week supported by positive macro economic data and US Federal Reserve decision not to raise the interest rates. According to market experts, the outcome of events and data during the last few weeks have raised hopes among the participants for a rate cut in RBI’s September 29 monetary policy review, clearly reflected through the recovery in banking space. Besides, rotational buying in other sectors also aided index to sustain at the higher level.

The BSE Sensex and NSE Nifty advanced 608.70 points and 192.60 points to 26,218.91 and 7,981.90 on September 18 from 25,610.21 and 7,789.30 on September 11.

It was not Maruti Suzuki's stock alone that was on a roll last month, touching a new high after it announced a 56-per cent jump in first quarter profit and a high double-digit increase in July vehicle sales. Delhi-based Competent Auto, Maruti's only listed dealer, too, saw its stock touch a new high.

Being the only listed dealership of Maruti, it can be considered a good proxy for the growth witnessed by the country's largest passenger vehicle maker. Maruti's sales in the domestic market went up by 11.1 per cent to 1.17 million units in the year ended March.

Shares of Dish TV India and Den Network are trading higher in a weak market on reports suggesting that the Government is considering a proposal to hike foreign direct investment (FDI) limits to 100% in broadcasting carriage and content services, including direct-to-home (DTH) and cable networks in order to attract overseas investment and improve infrastructure.

Companies that offer broadcasting carraige services include Dish TV, Siti Cables, Hathway services and Den Networks.

Nifty closed 2nd consecutive week in positive territory, its slow & steady extending on up side as anticipated last week. It has broken out of running triangle kind of consolidation pattern in wave-B on up side; one can expect market to extend towards higher levels targets in short term. It made a high of 8055 levels. All the indices such as Bankex, midcap & Small cap etc also closed 2nd consecutive week in positive territory.

Short term out look for the market remains positive till nifty trades above 7800 levels & expecting targets in the range of 8120-8225 levels in short term. CNX BAKEX is out performing in short term. It’s also extending as anticipated in short term.

L&T Finance Holdings, the non banking finance arm of construction giant L&T, today sold stake worth about Rs 708 crore to Boston headquartered global PE giant Bain Capital. The fund will hold 6% stake in the company.

The NBFC issued about 96 million fresh shares to the PE fund at the price of Rs 74 a piece. The stock had closed at Rs 68.6 a share on Bombay Stock Exchange on Friday giving it a market cap of Rs 11,806 crore.

Calcutta, Sept. 18: Mamata Banerjee today supported the theory that Netaji Subhas Chandra Bose did not die in a plane crash in 1945 and said she had got the impression from the declassified files that the leader was alive after that year.

" Shobta pore otha sambhab hoini. Not humanly possible. Tao ja ja dekhechhi, prathamik bhabe mone hoyechhe 1945-er poreo uni jibito chhilen. Ei prashna tar-i to jabab chai (I could not read all the files.... From whatever I have seen, it seems that he was alive after 1945. This is the question we want answered)," the chief minister told a news conference at the Calcutta Police Museum after the declassification of 64 files related to Netaji.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.