Edtech startup Physics Wallah enters unicorn club
Jun 09, 2022, at 08:40 pm
Bengaluru: Edtech company Physics Wallah is the latest online education venture to enter the unicorn club after it raised $100 million in its first ever funding round led by WestBridge Capital and GSV Ventures, media reports said.
Passenger car sales shoot up in H12022; performance to continue in 2nd half
Jun 09, 2022, at 08:31 pm
New Delhi: India is likely to record its highest half-yearly passenger vehicle sales by the end of June despite component shortages and dampening consumer sentiments due to rising inflation, industry experts anticipate, reported media.
India's bio-economy grew eight times in last eight years: PM Modi
Jun 09, 2022, at 06:51 pm
New Delhi/UNI: India's bio-economy grew eight times in the last eight years from 10 billion dollars to 80 billion dollars, Prime Minister Narendra Modi said on Thursday while inaugurating Biotech Startup Expo- 2022.
Indian market: Sensex down over 200 pts
Jun 09, 2022, at 03:30 pm
Mumbai: The BSE Sensex on Thursday slipped 278.14 pts at 54,614.35 as selling was seen across the board.
Jun 09, 2022, at 04:49 am
Mumbai: As widely expected, RBI’s Monetary Policy Committee unanimously decided to increase the policy Repo rate by 50 bps to 4.90% while also remaining focused on ‘withdrawal of accommodation’ to ensure that inflation remains within the target going forward, all the while supporting growth. RBI has retained its real GDP growth forecast for FY23 at 7.2% with risks broadly balanced.
Mobikwik plans to raise $100 million in equity after deferring IPO last year
Jun 09, 2022, at 02:11 am
Mumbai: One Mobikwik System is looking to raise $100 million in equity to finance business expansion, media reports said.
Fabriclore joins forces with Linen Fiesta
Jun 09, 2022, at 12:29 am
Fabriclore, India's first fabric & design commerce platform, has enered into a collaboration with prominent linen fabrics manufacturer Linen Fiesta.
Reserve Bank of India allows credit card linking with UPI
Jun 09, 2022, at 12:00 am
Mumbai: The Reserve Bank of India (RBI) on Wednesday announced that credit cards will be linked to the UPI accounts.
YES Bank to form alternate board after successful recovery following reconstruction
Jun 08, 2022, at 11:15 pm
Mumbai: The Board of Directors of YES Bank, appointed under the Reconstruction Scheme March 2020, has recommended the formation of an alternate board of directors on the back of the private sector lender's turnaround and having achieved significant progress post the implementation of the scheme.
Indian Market: Sensex down 214.85 points
Jun 08, 2022, at 10:39 pm
Mumbai: The BSE Sensex on Wednesday slid 214.85 points to 54,892.49 as selling was seen in Telecom, Energy, FMCG and Oil and Gas stocks.
RBI policy rate hike: Experts react
Jun 08, 2022, at 09:03 pm
Mumbai: Reserve Bank of India's hike in repo rate by 50 basis points (bps) to 4.90 percent is an expected move amid the current inflationary pressures and more hikes can follow in the subsequent months, said experts.
Reserve Bank of India hikes repo rate by 50 bps to 4.90 percent, loans to become costlier
Jun 08, 2022, at 05:47 pm
Mumbai: As widely expected, the Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect.
Banks, merchants race to meet card tokenisation deadline
Jun 08, 2022, at 04:36 pm
The banks and merchants have asked their customers to tokenise their debit and credit cards ahead of the June 30, media reports said.
EOGEPL crosses the 0.8 mmscmd mark of gas production
Jun 08, 2022, at 04:09 pm
Durgapur: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), an unconventional hydrocarbon (Coal Bed Methane) player, Tuesday announced crossing 0.8 mmscmd of gas production and is successfully marching towards the benchmark of 1.0 mmscmd post commissioning of the Urja Ganga Pipeline.
RBI hikes repo rate by 50 basis points
Jun 08, 2022, at 03:53 pm
New Delhi: The Reserve Bank of India on Wednesday announced the decision to hike repo rate by 50 basis points to 4.90 percent.
Indian Market: Sensex up over 200 pts
Jun 08, 2022, at 03:36 pm
Mumbai: The BSE Sensex on Wednesday jumped 238 pts to open at 55,345.51 on the strength of Consumer Durable, Metal, Realty and Power stocks ahead of RBI Monetary Policy today.
Hiring boom continues: India registers 9 pc YoY growth this May, shows Monster Employment Index
Jun 08, 2022, at 08:15 am
Mumbai: The job market continued to show growth for the second consecutive month of FY23 with a benchmark year-on-year recovery of 9 percent in May 2022, according to an online employment solution company.
Banks request RBI to not raise CRR in next monetary policy meet
Jun 08, 2022, at 05:50 am
Mumbai: Banks have approached the Reserve Bank of India (RBI), requesting not to further increase the Cash Reserve Ratio (CRR) threshold in the upcoming monetary policy meeting to allow credit growth amid already tightened liquidity following the last monetary policy in early May.
Dhoni invests in drone maker Garuda Aerospace praised by Elon Musk last year
Jun 08, 2022, at 12:24 am
Mumbai: Former Indian cricket captain Mahendra Singh Dhoni has invested an undisclosed amount in a home-grown drone-as-a-service (DaaS) company, media reports said.
Indian Market: Sensex tanks 567.98 points
Jun 07, 2022, at 11:55 pm
Mumbai: Extending losses for the third consecutive session on Tuesday, the BSE Sensex dropped 567.98 points to close at 55,107.34 as selling was seen in realty, capital goods and consumer durable stocks.
EPFO mulls increasing equity investment to 25 pc
Jun 07, 2022, at 11:25 pm
New Delhi: The Employers' Provident Fund Organisation (EPFO) is considering a proposal to increase its investment in equities from 15 percent to 25 percent in order to cover the gap in the shortfall in returns with investment in debt securities, media reports said.
Zomato likely to call board meeting to approve Blinkit buyout: Report
Jun 07, 2022, at 09:18 pm
Mumbai: Food aggregator platform Zomato may call a board meeting on June 17 to approve the buyout of quick commerce company Blinkit, formerly known as Grofers, media reports said.
Volvo Car India announces local assembly of its pure electric offering XC40 Recharge
Jun 07, 2022, at 09:08 pm
Kolkata: Volvo Car India on Tuesday announced that its all-electric offering the XC40 Recharge will be assembled in India for the Indian market.
Jun 07, 2022, at 04:43 pm
New Delhi/UNI: The prices of petrol and diesel remained steady for the 15th straight day Tuesday.
Indian Market: Sensex down by over 500 points
Jun 07, 2022, at 03:50 pm
Mumbai: The BSE Sensex remained weak on Tuesday too, as the BSE Sensex dropped 532.12 points at 55,143.20 as selling was seen across the board.
Elon Musk warns of terminating Twitter deal if data on fake accounts not provided
Jun 07, 2022, at 03:45 am
Tesla chief Elon Musk has warned that he may walk away from his $44 billion deal to acquire Twitter Inc if the micro-blogging company fails to provide data on spam and fake accounts, his letter to the company stated on Monday.
Revenue Deficit Grant of Rs. 7,183.42 crore released to 14 states
Jun 06, 2022, at 11:22 pm
New Delhi: The Department of Expenditure, Ministry of Finance has on Monday released the 3rd monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States. The grant has been released as per the recommendations of the Fifteenth Finance Commission.
Indian Rupee marginally falls one paisa against USD
Jun 06, 2022, at 11:04 pm
Mumbai: The Rupee on Monday eased one paisa to close at 77.63 against the USD on rising demand for the US Dollar by bankers and importers, dealers at the Foreign Exchange said.
Axis Bank to distribute special Coin series
Jun 06, 2022, at 11:03 pm
New Delhi: To celebrate the occasion of 'Azadi Ka Amrit Mahotsav', an initiative launched by Government of India to celebrate and commemorate 75 years of Independence, Axis Bank in coordination with the Reserve Bank of India (RBI) will be distributing limited number of special coin series to its few customers through select bank branches.
Jun 06, 2022, at 10:37 pm
New Delhi: BharatPe, a fintech company, on Monday announced the launch of its new brand campaign -‘Hai Yakeen’. Conceptualized around the power of dreams and tenacity of offline merchants and SMEs, the campaign aims to celebrate success stories of the resilient community of entrepreneurs of Bharat, across a range of industries.