Business

Mumbai: The rupee depreciated 22 paise to 79.46 against the US dollar in early trade on Monday, tracking subdued sentiment in the domestic equities. However, persistent foreign fund inflows into the capital market restricted the rupee’s fall, forex traders said. At the interbank foreign exchange, the rupee opened weak at 79.50 against the US dollar […]

New Delhi: Meta is shutting down Quest 1 virtual reality (VR) headset support for ‘Population: One’, its popular battle-royale game set in VR. Quest 1 owners will no longer be able to launch or play the game starting October 31, its developer BigBox VR has announced. Quest 1 players can still play the game if they […]

Beijing: As Apple is gearing to launch its next-generation series of iPhones, a new report said that the upcoming iPhone 14 is likely to be delayed due to growing tension between China and Taiwan, media reports say. According to GSMArena, Apple is TSMC’s top customer, and the company ships chips to Pegatron in China, where iPhones […]

New Delhi: Civil Aviation Minister Jyotiraditya Scindia will on Sunday inaugurate Akasa Air’s first commercial flight that will operate on the Mumbai-Ahmedabad route. Earlier, on July 22, India’s newest airline Akasa Air on Friday opened ticket bookings for its first commercial flights with an initial network in Ahmedabad, Bengaluru, Mumbai, and Kochi. Initially, Akasa Air, whose […]

Mumbai: India’s foreign exchange (forex) reserves rose by $2.315 billion to $573.875 billion for the week ended July 29 on the back of robust capital inflows in the equities markets and strengthening of rupee from the record low, the Reserve Bank of India (RBI) data showed. The country’s forex reserves have risen for the first […]

Mumbai: India’s largest state-owned bank, State Bank of India (SBI) reported a marginal fall in net profit of 6.70 per cent year-on-year to Rs 6,068 crore on back of fall in operating profit. On sequential basis, the net profit fell 33.42 per cent. In the similar period last year, the bank had reported a net profit […]

Beijing, Aug 6 (IANS) Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and slowing economy in the country, the media reported on Saturday. According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company […]

Mumbai: The Reserve Bank on Friday decided to expand the scope of Internal Ombudsman framework by including Credit Information Companies (CICs) with a view to strengthening grievance redressal system. The Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) has improved the customer grievance redressal mechanism. The turnaround time of grievance redressal under RB-IOS has declined considerably, RBI said […]

Mumbai: The Indian rupee appreciated 26 paise during the afternoon trade at 79.20 against the US dollar by 12.37 p.m. on Friday, as against 79.46 close on the previous trading session. In the morning trade, the rupee had appreciated more than 50 paise, but as soon as crude oil prices rises the gains has reduced. […]

San Francisco: Tech giant Apple’s upcoming iPhone 14 base model is rumoured to cost $799, which is the same price as the iPhone 13. The move is aimed at boosting sales for the model. The global smartphone market has experienced a squeeze and the tipster said Apple is adjusting to coping with the reality, GizmoChina quoted […]

Mumbai: The benchmark indices rose during the afternoon trade on Friday, after falling marginally the previous day as 50 basis points rate hike by the Reserve Bank of India (RBI) was in line with the market expectations and inflows from foreign investors. By 1 p.m., Sensex was trading up 175.73 points or 0.30 per cent at […]

Mumbai: HDFC Ltd has announced the completion of the USD 1.1 billion Syndicated Social Loan Facility for the financing of affordable housing in India. The loan has been priced 90 basis points over Secured Overnight Financing Rate (SOFR). “Affordable housing is a critical component of quality infrastructure as also a growth driver for the real […]

Mumbai: Equity benchmarks began the trade on a positive note on Friday in tandem with largely firm Asian markets and ahead of the RBI’s policy meeting outcome. The 30-share BSE benchmark climbed 227.89 points to 58,526.69 in early trade. The broader NSE Nifty advanced 64.35 points to 17,446.35. Among the Sensex constituents, UltraTech Cement, Bharti […]

Mumbai: The rupee appreciated 46 paise to 78.94 against the US dollar in early trade on Friday ahead of the Reserve Bank of India’s policy meeting outcome. At the interbank foreign exchange, the rupee opened at 79.15 against the American dollar, then touched 78.94, registering a gain of 46 paise over the last close. On […]

Mumbai: The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation. With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent. This is the third […]

Hyderabad: The hiring activity across sectors in India has increased 21% in July compared to the same period last year, according to job site Naukri.com. The Naukri JobSpeak index for July touched 3170, the highest so far. Previously, the index touched 3074 in February this year. The Naukri JobSpeak is a monthly Index that records […]

Hyderabad: Industrial and logistics segment in the city has absorbed 1.5 million sq ft warehouse space during January to June this year. The demand has been nearly 50 per cent more than the supply pegged at 0.9 million sq ft. Most of the space has been taken in the northern corridor due to the expansion […]

New Delhi: Telecom operator Bharti Airtel will start rolling out 5G services later this month as it signed requisite agreements with Ericsson, Nokia and Samsung. At the recently held much-awaited spectrum auction for 5G services by the Department of Telecom, Airtel bid for and acquired 19867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, […]

New Delhi: As the race to launch 5G services for millions of smartphone and internet users take steam, Reliance Jio may launch its 5G services on August 15. Earlier this week, Akash Ambani, Chairman, Reliance Jio Infocomm, said that they will celebrate ‘Azadi ka Amrit Mahotsav’ with a pan-India 5G rollout. “Jio is committed to offering […]

Mumbai: Equity benchmarks started the trade on a firm note on Thursday, with the Sensex climbing over 362 points, mirroring positive trend in global markets and foreign fund inflows. Buying in IT counters also added to the momentum. The 30-share BSE benchmark gained 362.13 points to 58,712.66. The broader NSE Nifty went up by 102.55 […]

Mumbai: The rupee depreciated 36 paise to 79.51 against the US dollar in opening trade on Thursday, as disappointing macroeconomic data and US-China tensions weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 79.21 against the US dollar, then fell to 79.51, registering a decline of 36 paise over the last […]

New Delhi: The three-day Reserve Bank of India’s monetary policy committee meeting commenced on Wednesday and it is highly likely the six-member panel will go for another interest rate hike to curb rising domestic inflation. In line with the global trend of monetary policy tightening to cool off inflation, the RBI has so far hiked […]

New Delhi: Alongside the next generation of OnePlus operating system (OS) — OxygenOS 13, the global smartphone brand has made its newest flagship smartphone — OnePlus 10T 5G — official globally as well as for Indian consumers. The OnePlus 10T 5G with 8GB+128GB storage variant is priced at Rs 49,999, the 12GB+256GB model comes at Rs […]

Hyderabad: Startup innovation enabler T-Hub co-invested finance operations automation platform Bluecopa through its T-Fund along with Blume Ventures and other investors. Bluecopa, which gives real-time view of key performance indicators, manages business planning, scenario modelling, and variance analysis, raised $2.3 million (about Rs 18 crore) in this seed funding round. T-Fund is a co-investment fund, […]