Business

Mumbai: The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI). As announced in the Statement on Developmental and Regulatory Policies dated December 08, 2021, the Reserve Bank […]

Mumbai: Equity benchmarks halted their rally on Thursday, with the Sensex falling over 214 points in early trade, tracking weak global market trends. The 30-share BSE index declined 214.11 points to 60,046.02 in early deals. The broader NSE Nifty went lower by 61.85 points to 17,882.40. From the Sensex pack, Dr Reddy’s Laboratories, Sun Pharma, […]

Mumbai: The rupee depreciated 23 paise to 79.68 against the US dollar in opening trade on Thursday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 79.60 against the US dollar, then fell to 79.68, registering a […]

New Delhi: Gold in the national capital has slipped Rs 53 to Rs 52,340 per 10 grams amid a decline in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 52,393 per 10 grams. Silver also declined Rs 256 to Rs 57,957 […]

San Francisco: Tech giant Apple is set to hold its iPhone 14 event in early September that will unveil next-generation iPhones, Watch Series 8 and other products and services. According to reports, the iPhone 14 launch date can be September 7. Apple generally organises its annual mega event around those dates. The company was yet to […]

New Delhi: The Central Consumer Protection Authority (CCPA) on Wednesday said it has imposed a penalty of Rs 1,00,000 on e-commerce player Flipkart for allowing the sale of substandard domestic pressure cookers on its platform. Speaking to PTI, CCPA Chief Commissioner Nidhi Khare said a penalty of Rs 1,00,000 has been imposed on Flipkart for […]

New Delhi: Indian EV startup Exponent Energy, which claims to have developed a battery that gets powered from zero to 100 per cent in just 15-minutes, on Wednesday raised $13 million funds led by top VC firm Lightspeed. Bengaluru-based Exponent has developed the epump and epack, its proprietary charger and battery pack, that together unlock a […]

Mumbai: The stocks in Rakesh Jhunjhunwala’s portfolio which saw a downfall on Tuesday, has rebounded on Wednesday, but few stocks still trading in red. Stocks such as CRISIL trading 2.03 per cent down, Federal Bank was down 1.09 per cent, Karur Vyasa Bank was down 0.92 per cent, Escorts Kubota was down 0.39 per cent […]

Hyderabad: The demise of billionaire trader Rakesh Jhunjhunwala, also known as a ‘big bull’ of the Indian stock market, has been a major setback for the country.  Dairy brand Amul paid a heartfelt tribute to Jhunjhunwala through its evergreen doodle series. Amul posted a doodle of Jhunjhunwala sitting on a chair. Right next to him […]

San Francisco: Tech giant Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spending, media reports say. The recruiters, who are responsible for hiring new employees at the company, were told that the layoffs reflect changes to Apple’s business needs, citing Bloomberg, CNBC reported. As per […]

New Delhi: Bharti Airtel on Wednesday said it has paid Rs 8,312.4 crore to the Department of Telecom (DoT) towards dues for spectrum acquired in the recently concluded 5G auctions. Airtel said it has paid four years of 2022 5G spectrum dues upfront. “This upfront payment of 4 years allows us to drive 5G rollout in […]

New Delhi: Seven in 10 Indian consumers believe that mobile devices have different charging cables because it allows the manufacturers to maximise sale of accessories amid lack of government standards, a new report said on Wednesday. While five in 10 respondents say different charging cables are there due to lack of government standards, nine in […]

Mumbai: Equity benchmarks on Wednesday continued to trade higher, with the Sensex breaching the crucial 60,000 mark in early trade amid positive global trends and persistent foreign fund inflows. The 30-share BSE benchmark index was trading 141.62 points higher at 59,983.83 in early deals. Soon, it jumped to 60,008.11 points, higher by 165.9 points. The […]

Mumbai: The rupee appreciated 44 paise to 79.30 against the US dollar in the opening trade on Wednesday, mainly on account of foreign fund inflows. Besides, a positive opening in the domestic equities amid moderating inflationary pressures boosted investor sentiments, according to forex dealers. At the interbank foreign exchange, the rupee opened sharply up at […]

San Francisco: Tesla and SpaceX CEO Elon Musk on Wednesday announced on Twitter that he is buying British football club Manchester United. Musk, however, did not disclose the sum he is paying for acquiring the legendary football team. The club has a latest market cap of nearly $2.08 billion. “I’m buying Manchester United ur welcome,” Musk […]

Hyderabad: Hyderabad-based medical emergency response platform StanPlus announced a partnership with Narayana Hrudayalaya to manage their ambulance services and provide ambulance care to critical cases in less than 15 minutes. The partnership entails deploying advanced and basic life support in Narayana Health’s Narayana Institute of Cardiac Sciences and Mazumdar Shaw Medical Center within the Health […]

New Delhi: Ola Founder and CEO Bhavish Aggarwal on Monday shifted gears and entered a new territory by showcasing a homegrown electric car that will arrive in the country by 2024. Aggarwal said the Ola Electric car will have a 500-km range on single change and will go from zero to 100 km within 4 […]

New Delhi: India is celebrating its 75th year of Independence and is at the crossroads of realising a resilient economic growth for its people during the next 25 years – what the government terms the country’s “Amrit Kaal”. Keeping other aspects of the economy aside, let us have a glance at how the Indian currency […]

New Delhi: India’s retail inflation fell to 6.71 per cent in July, the lowest level in five months, helped by an easing in food and oil prices, as per the National Statistical Office (NSO) data released this Friday. With this, retail inflation has been over the Reserve Bank of India’s upper tolerance band of 6 […]

Mumbai: Ace stock market investor Rakesh Jhunjhunwala, often referred to as India’s own Warren Buffet passed away at the age of 62. He was not keeping well for the past few days and breathed his last today in Breach Candy Hospital in Mumbai, as per the hospital sources. Jhunjhunwala was born on July 5, 1960. […]

New Delhi: ITC Limited, the multi-business conglomerate with significant presence across all three sectors of the Indian economy — agriculture, manufacturing and services, has launched a series of integrated multidimensional initiatives to celebrate ‘Azadi Ka Amrit Mahotsav’ to mark 75 years of the country’s independence. ITC has also contributed to the Har Ghar Tiranga’ campaign through […]

Mumbai: India’s foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India’s (RBI) bulletin weekly statistical supplement. The fall was witnessed after it rose during the week ending July 29 after falling for the four consecutive weeks earlier. The fall in this week has […]

San Francisco: As Big Tech companies begin to lay off employees in the global economic downturn, Google executives have reportedly warned workers to either boost performance or prepare to leave as “there will be blood on the streets” if the next quarterly earnings are not good. In a company message viewed by Insider, Google Cloud sales […]

New Delhi: The new Galaxy Fold 4 and Flip 4 foldable smartphone may see sales close to 9 million units this year, helping Samsung’s foldables market share to jump to 80 per cent at the end of 2022, a new report has said. During the first half of this year, Samsung enjoyed dominant market share of […]