However, the move may hit revenues of digital payments players like PhonePe, Google Pay and Amazon Pay which have spent heavily to grab a greater market share in the UPI ecosystem.
Although the Coronavirus related deaths have crossed 1000, more than the SARS epidemic in 2003, Dalal Street is interpreting the drop in new cases as initial signs of normalcy returning in China.
Meanwhile, provisions data from the exchanges showed, foreign institutional investors sold equities worth Rs 1,200.27 crore on Monday, while domestic institutional investors purchased shares worth Rs 1,286.63 crore.
Chinese equity markets fell sharply on Monday, the first day after an extended Lunar New Year holiday, when the investors got a chance to react to the escalating death toll due to the coronavirus.
Three years back, Amazon Founder and CEO Jeff Bezos paid $23 million in an all-cash deal for the old Textile Museum in the upscale Kalorama neighbourhood in the US capital, which is undergoing years-long renovation.
Sundar Pichai-led Alphabet, Google's parent company, has joined the elitist club of US companies with $1 trillion valuation which includes Apple, Microsoft and Amazon.
In a regulatory filing on the BSE, the IT behemoth said consolidated revenue for the quarter (Q3) under review, however, grew 2 per cent annually to Rs 23,092 crore from Rs 22,629 crore in the same period a year ago.
Davis wrote the codes for the first Amazon.com website. He left the company 'because I am a technical person and had little interest in playing a role in the growth of the company'.
Indian markets continued to log fresh highs over supportive global cues and strong inflow of foreign funds. The Sensex on Thursday added 115.35 points to end at 41,673.92.
On Monday, data showed WPI inflation advanced to 0.58 per cent in November from 0.16 per cent in October, driven by an increase in prices of food articles, which weakened the market sentiments.
UberEats last week launched its operations in Cuttack, its second city in Orissa, saying it Awill partner with a number of local restaurants such as Mirchi, Biryani Box, DFC Dada's Biryani, Burger Adda Factory.
Among RIL's big ticket announcements was its aims to be net debt-free by the end of FY20. The company also announced selling of 20 per cent stake in refining and petrochemical business to Saudi Aramco.
RIL hit its 52-week high on the BSE at Rs 1,581.25 a share, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 index advanced over 13 per cent.
Yes Bank, Tata Motors, JSW Steel and Mahindra and Mahindra were the top gainers, advancing in the range of 1 to 5 per cent. Bharti Airtel, BPCL, ICICI Bank, Cipla and Larsen & Toubro were the top losers.
The benchmark equity index Sensex on Monday logged fresh all time high of 40,846 in line with firm global markets over reports that US and China may soon reach a trade deal ending their 16-month-long costly trade war.
Telecom stocks fell on Thursday after strong performance over the last few sessions. Vodafone Idea fell nearly 5 per cent, Bharti Airtel traded lower by 2 per cent on the NSE.
Deferment of spectrum auction installments would ease the cash outflow of the stressed telcos and facilitate payment of statutory liabilities and interest on bank loans.
Food delivery major Swiggy on Wednesday said it has invested Rs 175 crore over a period of two years to set up over 1,000 cloud kitchens across 14 cities for its restaurant partners through its 'Swiggy Access' initiative.
As online retail growth slows in top-tier cities, Alibaba faces fierce competition from emerging players like Pinduoduo that use budget deals to attract price-sensitive consumers in lower-tier cities.
Another whistleblower from global software major Infosys accused its Chief Executive Officer (CEO) Salil Parekh of committing misdeeds and urged the Chairman and the board of directors to act against him on his volatile complaints.
The Reserve Bank of India (RBI) has directed banks not to charge savings account holders for NEFT with effect from January 2020. RTGS is meant for large-value instantaneous fund transfers while the NEFT is used for fund transfers up to Rs 2 lakh.
Indian markets opened on a firm note on Thursday. The Sensex touched a fresh high of 40,676.44 after government boosters for the realty sector.
Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday had said that the government and the Reserve Bank of India (RBI) are in the process of resolving the issues faced by the real estate sector.
With over 60 million lifetime unique customers and more than 7,00,000 merchants, ShopClues has taken local brands to a national platform servicing more than 31,500 pin codes across India.