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Check FAQAbout Yuvraj
Yuvraj Sakhare is a journalist based in New Delhi, Delhi, India. He is a postgraduate in journalism from one of India's top-most Journalisms schools-Asian College of Journalism, Chennai.
English
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Portfolio
Sensex ends in red after choppy trade; IT, pharma stocks top losers amid unabated foreign fund outflows
The BSE Sensex closed slightly lower by 10 points in a volatile session, with IT and pharma stocks being the top losers due to foreign fund outflows. Despite opening higher and gains in capital goods, banking, and auto sectors, profit-booking led to a reversal of early gains. Infosys, Wipro, and TCS were among the major losers, while Yes Bank and Larsen & Toubro saw significant gains. The broader markets, including small-cap and mid-cap indices, performed better, and sectoral indices showed mixed results with capital goods and realty gaining, while IT and healthcare declined.
Amazon may counter Walmart's bid for Flipkart; race to dominate Indian e-commerce market intensifies
Amazon.com Inc is considering a rival offer to purchase Indian e-commerce company Flipkart, which is currently in discussions with Walmart Inc for a potential acquisition. Walmart aims to acquire over 40 percent of Flipkart in a deal that could value the Indian company at $21 billion. Flipkart, established by former Amazon employees Sachin Bansal and Binny Bansal, leads India's online retail market. The deal with Walmart would challenge Amazon's expansion in India, where it has pledged to invest $5 billion. Flipkart has attracted various investors, including Tiger Global Management, eBay, Microsoft, Tencent Holdings, and SoftBank Group's Vision Fund.
Budget 2018: Amit Shah contacts Chandrababu Naidu as TDP decides to escalate fight over funds for Andhra Pradesh
BJP President Amit Shah contacted Andhra Pradesh Chief Minister N Chandrababu Naidu after the TDP, a partner in the BJP-led NDA government, decided to intensify their fight over the Centre's failure to honor commitments made to the state during its bifurcation in 2014. Naidu will send a delegation led by Sujana Chowdary for talks, insisting on no compromise over the commitments. The TDP has been demanding financial allocations to support the state until it reaches parity with other southern states, and is prepared to continue protests in Parliament and possibly take legal action.
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