Business

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.08 per cent down at 92.13.

UltraTech Cement was the top gainer in the Sensex pack, rising 0.69 per cent, followed by HDFC Bank, Maruti, Tata Steel, Titan and Bajaj Auto, HDFC, M&M, L&T and Bajaj Finance.

"The decline in bank deposits in FY21 and concomitant increase in health expenditure may result in further increase in household debt to GDP in FY22," said the report.

Domestic retail loans by the end of the first quarter of the current fiscal moved up by 10.5 per cent year-on-year, while the domestic wholesale loans grew by around 17 per cent.

The mobile outlet company has served over 50 lakh customers so far and has over 700 people across Telangana and Andhra Pradesh.

Petroleum sector met a large part of actual fund infusion required to support the biggest ever Rs 20 lakh crore economic package announcement by Prime Minister Narendra Modi in May, 2020

India Services Business Activity Index fell from 46.4 in May to 41.2 in June, as new work intakes and output contracted at the fastest rates since July 2020, which prompted companies to reduce employment again.

According to the NRAI, the anti-competitives actions of the aggregators include bundling of services, data masking, exorbitant commission charges, price parity agreements and deep discounting.

The limited first sale of the Mi 11 Ultra that comes for Rs 69,990 was delayed in the country due to circumstances beyond the control of Xiaomi.

The pre-IPO fund will invest in India-focused late-stage new-age businesses with a strong moat of technology, robust unit economics, scalable business models and exit visibility

Silver also jumped Rs 251 to Rs 69,035 per kg, from Rs 68,784 per kg in the previous trade.

The company witnessed strong double-digit sales growth in its home care and personal care categories.

Sales were driven by the low base effect, less stringent lockdowns, and accelerating vaccination drives during Q22021, demonstrating improved resilience in the market, according to JLL's Residential Market Update

Among loan categories, retail loans grew by around 9 per cent over June 30, 2020, and were lower by around 1 per cent as compared to March 31, 2021.

According to Tasleem Arif, Vice President and Head, R&D OPPO India, with Reno6 series devices, the company aims at attaining leadership in the premium device category.

The price of diesel in Delhi remains at Rs 89.36 per litre, while in Mumbai, Chennai and Kolkata it is priced at Rs 96.91, Rs 93.91 and Rs 92.27 per litre, respectively.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.12 per cent up at 92.33.

Bajaj Auto was the top gainer in the Sensex pack, rising over 1 per cent, followed by Tata Steel, Axis Bank, Bajaj Finserv, HDFC Bank, TCS and Reliance Industries.

The company is aiming to develop a device that can do full-body screening to detect range of diseases, besides making hardware innovation to further bring down the cost of breast cancer screening in India.

Edelweiss General Insurance (EGI) is a three-year old insurtech startup belonging to the financial services Edelweiss group.

Economist Pinaki Chakraborty says RBI should not print money to finance the fiscal deficit

While vaccinations and several treatment options are now available, rapid spread of the infection has led to further uncertainties in terms of business outlook, the drug major said in its Annual Report for 2020-21.

New Delhi: The government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to launch the IPO by January. The Department of Investment and Public Asset Management had in January appointed actuarial firm Milliman Advisors to assess the embedded value of LIC ahead of […]

Samsung SDI, the battery arm of Samsung Electronics Co., was forecast to have posted 3.4 trillion won ($3 billion) in sales and 252.7 billion won in operating profit in the April-June period, according to the data from 15 local brokerage