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Home  Business

Business

E-rupee in circulation grows to Rs 1,000 crore

E-rupee in circulation grows to Rs 1,000 crore

  • Radico Khaitan withdraws brand name ‘Trikal’ for new single malt whisky

    The company faced backlash on social media platforms as imagery on the product label had a resemblance to a religious iconography
  • Sensex, Nifty rally over 500 points on Asian market gains, US tariff relief, and foreign fund inflows

    The 30-share BSE Sensex surged 504.57 points to reach 81,816.89 in early trading, while the NSE Nifty advanced 137.25 points to 24,889.70.
  • Rupee falls 7 paise to 85.45 against dollar amid stronger greenback, rising crude prices

    The rupee came under pressure due to rising global crude oil prices and weaker-than-expected domestic industrial output data for April. However, sustained foreign fund inflows and positive sentiment in domestic equities helped limit further losses, according to forex traders.
  • Lokpal gives clean chit to former SEBI chief Madhabi Puri Buch

    The Lokpal said that the complaints, including the one by TMC MP Mahua Moitra, filed last year were essentially founded on the report “by a known short seller trader whose focus was to expose or corner Adani Group of Companies”
  • Hyderabad-based Granules India net profit up 17 per cent in Q4 FY25

    Revenue from operations increased to Rs 1,197 crore for the fourth quarter as compared with Rs 1,176 crore in the year-ago period
  • British American Tobacco sells 2.5 per cent stake in ITC for Rs 12,927 crore

    Following the stake sale, shares of ITC went lower by 1.15 per cent to trade at Rs 421.15 apiece on the NSE. British American Tobacco (BAT), through its arm Tobacco Manufacturers (India) Ltd, sold the stake in Kolkata-based ITC
  • IndiGo appoints Vikram Singh Mehta as new Chairman

    IndiGo, announced the appointment of Vikram Singh Mehta as the new Chairman, succeeding Venkataramani Sumantran. Mehta has been a Member of the Board of InterGlobe Aviation Ltd (IndiGo) since May 2022
  • Automaker Nissan has no plans to exit Indian market: Official

    The Nissan company, on the contrary, plans to introduce three new products in the Indian market by early part of 2027 and also aims to add 20 more dealerships this year
  • Hyderabad-based MedPlus sees 12 per cent rise in net profit in Q4 of FY25

    Company’s board approved appointment of Subrahmanyam Sharma Tatapudi as Chief Technology Officer, effective 27 May 2025
  •  Apple’s iPhone 16 world’s best-selling smartphone in Q1 2025: Report

    Apple maintained its strong presence in the top-10 list, securing five spots for the fifth consecutive March quarter.
  • Here’s how much TCS paid its CEO in FY25

    TCS CEO K Krithivasan remuneration package increased by 4.6 per cent, nearly 330 times the median salary paid by the company to its 6.07 lakh employees, as per the annual report
  • India, US may agree on interim trade deal by June 25: Sources

    Sources says with a team of US officials expected to visit India next month for trade talks, there is a possibility that the two countries may agree on an interim trade pact by June 25
  • ICCA Board of Directors gets first Indian chairman in 64 years of existence

    For the first time in the 64 years it has been in existence, an Indian has been elected as the Chairman of the International Corrugated Case Association (ICCA) Board of Directors, said M L Agarwal
  • Microsoft partners with India’s Yotta Data Services to boost AI innovation in country

    The partnership enables Microsoft and Yotta to engage with IndiaAI Mission participants, government agencies, IITs, startups, enterprises, and software development companies to leapfrog AI innovation
  • TCS calls generative AI a “civilisational shift”

    Tata Sons chairman N Chandrasekaran, who also chairs the TCS board, said the USD 30 billion IT services company will create a "large pool" of AI agents to work alongside humans and deliver solutions in a "human+AI" model in the future
  • ITC shares drop nearly 5 per cent after stake sale

    The stock tanked 4.33 per cent to Rs 415.10 on the BSE. At the NSE, it tumbled 4.81 per cent to Rs 413. The stock emerged as the biggest laggard among the BSE Sensex firms
  • LIC shares surge nearly 9 per cent post Q4 earnings

    LIC surged nearly 9 per cent after the firm posted a 38 per cent increase in net profit in the fourth quarter ended March 2025
  • Sensex falls over 200 points, Nifty slips as ITC drags on stake sale reports

    Forex analysts noted that the rupee continued to face pressure from rising month-end dollar demand by exporters and banks, while foreign fund inflows remained subdued amid mixed signals from domestic equity markets.
  • Rupee drops 23 paise to 85.63 against US dollar amid stronger greenback, rising crude prices

    rupee, US dollar, forex, currency exchange, crude oil, dollar index, exporters, banks, domestic equity, macroeconomic data, investor sentiment, foreign exchange, greenback, US consumer confidence, Japanese bond yields, yen, interbank trade, financial markets
  • Opinion: Human Development in the age of AI

    The 2025 Human Development Report serves as a clarion call: AI can reignite human development, but only if policymakers prioritise inclusivity over inequality
  • China to collect record USD 22 billion BRI debt repayments from developing nations this year

    China had the single largest share of debt to Pakistan with 22 per cent share (about USD 28.786bn), followed by the World Bank's 18 per cent share (USD 23.55bn) and the Asian Development Bank's 15 per cent share (USD 19.63bn)
  • Tesla’s monthly sales in Europe plunge by half as backlash against Musk runs deep

    Tesla has been reeling from protests and boycotts over Musk wading into politics, but it also faces other factors including an aging model lineup and intensifying competition from rival electric vehicle brands, particularly from China
  • BSNL records first back-to-back quarter profits in FY25 turnaround

    BSNL had made a loss of Rs 849 crore in the fourth quarter of the previous financial year. The company’s loss for the full financial year 2024-25 has now been reduced by 58 per cent to Rs 2,247 crore in FY-25 from Rs 5,370 crore in FY-24
  • InterGlobe Aviation promoter Rakesh Gangwal, family trust sells 5.7 per cent stake in IndiGo for Rs 11,559 crore

    Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,559 crore (USD 1.36 billion) through a block deal
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