SBI becomes first domestic bank to open branch in Yangon

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Mumbai: The State Bank of India today announced its entry into Myanmar by opening a branch in the capital city of Yangon, becoming the first domestic lender to do so. The Yangon branch is the 54th foreign branch of the nation’s largest lender, chairperson Arundhati Bhattacharya, who opened the office, said in a statement here today. This branch extends the global presence of SBI in 37 countries...

Snapdeal sellers cross Rs 37-cr sales mark on Day 1

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New Delhi: E-commerce firm Snapdeal today said the company witnessed a nine-fold increase in sales volume during the Unbox Diwali discount offer, with 37 sellers on its platform crossing Rs 1-crore turnover mark each on the first day itself. “As sales volumes surged nearly 9x of average daily sales, Snapdeal witnessed more than 80 per cent of orders coming from its mobile platforms. The start...

Rupee strengthens 13 paise against $ in early trade

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Mumbai: The rupee advanced 13 paise to 66.48 against the US dollar in early trade today at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks. Besides, a higher opening in the domestic equity market also supported the domestic unit, forex dealers said. However, the dollar’s strength against some currencies overseas capped the rupee’s gains. On...

Inox Wind bags Rs 2,000 cr orders

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New Delhi: Wind energy solutions provider Inox Wind today said it has bagged cumulative orders worth over Rs 2,000 crore for the supply and installation of wind turbine generators of 350 megawatt (MW). In a BSE filing, Inox Wind said that it has got “new orders for the supply and installation of wind turbine generators of 350 MW in total to several repeat customers. The orders cumulatively are...