Business

New Delhi: Close on the heels of the Reserve Bank of India (RBI) recent hike in repo rate by 40 basis points, besides giving indications it would raise further in the upcoming monetary policy review meets, several Indian lenders too have raised their lending rates. On Wednesday, lending major HDFC and PNB Bank raised their […]

Mumbai: The rupee slipped 12 paise to 77.62 against the US dollar in early trade on Thursday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 77.61 against the American dollar, then lost ground to quote at 77.62, registering a fall of 12 paise […]

Mumbai: Indian stock markets’ key indices, Sensex and Nifty, opened with minor cuts on Thursday amid subdued global sentiment. The BSE Sensex fell by 10.35 points or 0.02 per cent to 55,370.82 at 9.37 am while the Nifty 50 shed 21.10 points or 0.13 per cent to 16,501.70 in morning trades. Among the Nifty-50 shares, […]

New Delhi: The gross revenue collection from goods and services tax (GST) surged to Rs 1,40,885 crore in May 2022, posting a year-on-year increase of 44 per cent, the government data showed on Wednesday. This is the third consecutive month when the gross GST collection is over Rs 1.40 lakh crore mark. The gross GST […]

New Delhi: Housing Finance Company HDFC has increased its Retail Prime Lending Rate (RPLR) on housing loans by 5 basis points. The revision would come into effect from Wednesday itself. The upward revision in rates will essentially lead to an increase in EMIs for borrowers. The hike in rates came close on the heels of […]

New Delhi: Top Indian companies have shown resilience in post pandemic business conditions and TATA Group, with its brand value up 12 per cent to $24 billion, continues to be the most valuable brand in the country, a new report showed on Wednesday. Taj Hotels (brand value up 6 per cent to $314 million) is […]

Hyderabad: Reaching new heights, IT exports from Telangana grew at 26.14 per cent for the year 2021 – 22 over the previous year recording a total of Rs 1,83,569 crore in IT/ITeS Exports. The exports for 2020-21 were Rs 1,45,522 crore, said Industries and IT Minister KT Rama Rao. The State achieved this growth despite […]

Mumbai: Indian stock markets’ key indices, Sensex and Nifty, were trading flat on Wednesday, with heavy selling pressure in power and technology stocks. The 30 stock S&P BSE Sensex slipped 115.07 points or 0.21 per cent to close at 55,451.34 points at 10:00 am. The broader Nifty 50 of the National Stock Exchange closed at […]

Mumbai: Recovering from its record low, the rupee rose by 14 paise to 77.57 against the US dollar in early morning trade on Wednesday. At the interbank foreign exchange, the rupee opened at 77.58 against the American dollar, then inched higher to quote at 77.57, registering a rise of 14 paise from the last close. […]

New Delhi: The price for a commercial LPG cylinder has been reduced by Rs 135 with immediate effect from today. With the latest reduction, a 19-kg commercial Liquefied petroleum gas (LPG) cylinder in Delhi will now cost Rs 2219. Prior to the reduction in prices, the commercial LPG cylinder was priced at Rs 2454 in […]

Hyderabad: With an aim to identify technology innovators and startups, KPMG Private Enterprise Global Tech Innovator competition is underway to search for India’s most influential tech innovators. Companies from startup to accelerated growth stages are invited to pitch their innovations and present their strategic ambitions to panels of local and global industry experts. Shortlisted companies […]

Mumbai: The rupee inched 4 paise higher to close at 77.54 (provisional) against the US dollar on Monday, supported by positive domestic equities and a weak American currency overseas. Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices and persistent FII outflows weighed on the local unit. At the […]

Mumbai: Benchmark stock indices Sensex and Nifty surged by nearly 2 per cent on Monday, extending their winning run to a third straight day on gains in index major Reliance Industries, Infosys and TCS amid a firm trend in global equities. The 30-share BSE Sensex rallied 1,041.08 points or 1.90 per cent to settle at […]

Hyderabad: Airtel Xstream Fiber has announced the launch of its new all-in-one plans which includes unlimited high-speed broadband, 17 premium OTTs, 350 TV channels and Airtel Black service. To serve the needs of premium households who want the next generational connectivity and entertainment experience, Bharti Airtel (Airtel), has raised the bar in the home broadband […]

New Delhi: Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL’s Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) — a subsidiary of Tata Motors — and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with […]

Mumbai: The rupee appreciated 12 paise to 77.46 against the US dollar in opening trade on Monday, supported by a fall in the dollar index and positive domestic equities. At the interbank foreign exchange, the rupee opened at 77.53 against the American dollar, then gained further ground to quote 77.46, registering a rise of 12 […]

New Delhi: Domestic equity indices extended their gains from the previous week and jumped sharply during the opening session on Monday. At 9.42 a.m., Sensex was 820 points up at 55,705, whereas Nifty 241 points up at 16,594 points. Other Asian markets too were in the green. Indices jumped as investors are reacting to growing […]

New Delhi: India has started the groundwork for 5G spectrum auctions slated to take place this year, as announced by the Secretary of the Telecommunications Department and Chairman of the Digital Communications Commission, K Rajaraman late last year. The country being the world’s second-largest telecommunications market is planning to roll out 5G mobile services within […]

New Delhi: Continuing their selling spree, foreign investors have dumped Indian equities worth over Rs 39,000 crore this month so far amid rising bond yields in the US, an appreciating dollar and prospects of more aggressive rate hikes by the Federal Reserve. With this, the net outflow by foreign portfolio investors (FPIs) from equities has […]

Hyderabad: Different players in the startup ecosystem see the current challenging situation as a passing phase and believe that there is lot of correction happening, which would result in the best companies staying afloat. Sanjay Enisetty, founder of early-stage venture fund firm 50K Ventures, calls it interesting time for startups. “It’s interesting time, not a […]

New Delhi: Prime Minister Narendra Modi on Sunday said that even in this phase of the global pandemic, Indian ‘startups’ have been creating wealth and value. In monthly radio address ‘Mann Ki Baat’, Prime Minister Modi said, “On the 5th of this month, the number of unicorns in the country has reached the figure of […]

Mumbai: Snapping 10 consecutive weeks of decline, India’s foreign exchange (forex) reserves rose by USD 4.23 billion to USD 597.509 billion for the week ended May 20, the Reserve Bank of India (RBI) data showed. This is the first increase in India’s forex reserves in the past 11 weeks. The forex reserves had declined by […]

New Delhi: Breaking his silence on India plans, Elon Musk has said that Tesla will not manufacture cars in India unless it is allowed to sell and provide service to its electric vehicles. On Starlink, he said that SpaceX is still waiting for the Indian government’s approval. “Tesla will not put a manufacturing plant in […]

New Delhi: The Reserve Bank of India (RBI) on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency (CBDC) in conformity with the objectives of monetary policy, financial stability and efficient operations of currency and payment systems. “The Reserve Bank proposes to adopt a graded […]