Year: 2018

The BSE Sensex rallied over 300 points on sustained buying in realty, telecom, banking, energy and consumer durables counters, ahead of US Federal Reserve’s key policy outcome scheduled later in the day. Bouts of short-covering and firm cues from Asian markets boosted investor sentiment here. The 30-share index was trading at 33,339.93 at 1100hrs, up 343.17 points, or 1.04 per cent. The broader Nifty index was trading above the key 10,200 level at 10,222.40, up 98.05 points, or 0.97 per cent. Major gainers were Bharti Airtel, NTPC, Axis Bank, HDFC…

Tech startups are typically founded by young entrepreneurs with more passion than experience. This is as true in India as it is in Silicon Valley. Then there’s Bigbasket, whose founders are veterans of the dotcom bust and mostly north of 50. Drawing on their successes and failures, they’ve turned their six-year-old startup into country’s biggest e-grocer and are taking on a host of competitors, including Amazon and brick-and-mortar chains operated by the nation’s biggest conglomerates. Bangalore-based Bigbasket delivers everyday cooking essentials like ghee (clarified butter), diced coconut and fragrant basmati…