Rupee falls 17 paise against USD
Nov 10, 2022, at 05:58 pm
Mumbai/UNI: The Rupee on Thursday slipped seventeen paise at 81.60 against the greenback on rising demand for US Dollar by bankers and importers, dealers at Foreign Exchange said.
Sensex down 476 pts, Nifty by 138 pts
Nov 10, 2022, at 05:55 pm
Mumbai/UNI: The BSE Sensex on Thursday lost another 476 points at 60,557.53 in opening trade as selling pressure was seen across the board.
Axis Bank: Govt to offload SUUTI's 1.55 pc stake on November 10-11
Nov 10, 2022, at 05:34 pm
The government has decided to sell the 1.55 percent stake in Axis Bank held by SUUTI or the Specified Undertaking of The Unit Trust of India on exchanges, according to media reports.
India's balance of payment may go into $45-50 bn deficit in FY23
Nov 10, 2022, at 05:28 pm
India's balance of payment is expected to be in deficit by $45 -50 billion in FY23 but this deficit can be managed comfortably with foreign exchange reserves at a healthy $531 billion, according to a report in the media.
Finance Minister approves India’s first Sovereign Green Bonds Framework
Nov 10, 2022, at 05:28 am
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman has approved the final Sovereign Green Bonds framework of India.
Centre allows international trade settlements in Indian Rupees
Nov 10, 2022, at 05:12 am
New Delhi: The government has amended the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees for invoicing, payment, and settlement of exports/imports, the Ministry of Finance said Wednesday.
iCreate’s EVangelise ’22 Bootcamp hosts 40 innovators to solve critical issues of the EV industry
Nov 10, 2022, at 04:48 am
Innovation-based start-up incubatoriCreate (International Centre for Entrepreneurship and Technology) is hosting the 5-day Bootcamp of India’s largest EV innovation challenge, EVangelise ’22.
Inter-ministerial committee proposes formation of ‘Green Energy Transition India Fund’
Nov 10, 2022, at 04:33 am
An inter-ministerial committee has proposed a non-lapsable ‘Green Energy Transition India Fund’ to help coal-bearing regions to create a development plan after coal mines in the areas are closed in a phased manner.
Bank of India slashes home loan interest rates to 8.30 percent
Nov 10, 2022, at 12:30 am
New Delhi: Bank of India’s Star Home Loan now comes with a best-in-class competitive interest rate starting at 8.30 percent per annum with most affordable EMI beginning at Rs.755 per lakh.
Nov 10, 2022, at 12:27 am
Kolkata: Volvo Car India has commenced the delivery of its full electric XC40 Recharge in the country.
Toyota Kirloskar Motor announces its foray into the CNG segment
Nov 10, 2022, at 12:22 am
Bangalore: Keeping in-line with its Customer-First philosophy, Toyota Kirloskar Motor (TKM) on Wednesday announced its foray into the CNG segment, thereby providing more options in both the Toyota Glanza as well as the Urban Cruiser Hyryder model line-up, for customers to choose from.
Nov 10, 2022, at 12:03 am
New Delhi: Aragen Life Sciences, a leading research and development services outsourcing partner to global pharmaceutical firms, has announced that its CEO, Manni Kantipudi, has won the prestigious ‘CEO of the Year’ Award at the CPHI Pharma Awards 2022 held in Messe Frankfurt, Germany.
Meta to layoff more than 11,000 employees, Mark Zuckerberg calls the move a 'difficult change'
Nov 09, 2022, at 11:41 pm
Facebook's parent company Meta has announced it will remove 13 percent of its staff, marking one of the biggest round of layoffs in the history of the company.
Indian Market: Sensex falls 151.60 pts
Nov 09, 2022, at 10:18 pm
Mumbai: The BSE Sensex on Wednesday dropped 151.60 pts to settle at 61,033.55 on profit booking amid weak European Market.
Kashmiri boy creates world’s cheapest incubator
Nov 09, 2022, at 10:13 pm
Srinagar: A 16-year-old boy in Jammu and Kashmir has left the country stunned by creating a portable egg incubator for the poultry sector.
France's renewable energy to bring in 31 bln euros in 2022-2023
Nov 09, 2022, at 09:24 pm
Paris/UNI: France's renewable energy sector will bring in 30.9 billion euros (31.1 billion US dollars) of revenue in 2022-2023, the country's Commission for Energy Regulation (CRE) said in an official release.
India keeps on buying Russian oil, S Jaishankar believes its 'economically advantageous'
Nov 09, 2022, at 09:14 pm
Moscow/IBNS: India will keep buying oil from its long-term ally Russia as it is advantageous for the south Asian nation, said External Affairs Minister S. Jaishankar.
Sensex at new high, opens at 61,304.29 pts
Nov 09, 2022, at 07:22 pm
Mumbai/UNI: The BSE Sensex on Wednesday opened at new high at 61,304.29, advancing 119 points on strong global cues.
VST Industries Q2FY23 net profit surges 15.4 pc YoY
Nov 09, 2022, at 03:27 am
VST Industries, a seasoned tobacco and cigarette manufacturer in India, registered a 15.4 percent year-on-year (Y-o-Y) growth in net profit in the quarter ended September 2022.
Commercial Floriculture is now emerging as new form of employment across Jammu and Kashmir
Nov 08, 2022, at 10:34 pm
Farmers in Jammu and Kashmir are currently finding a new means of increasing their profits with Commercial Floriculture.
Piyush Goyal wants active push towards exports by EPB's
Nov 08, 2022, at 08:50 pm
New Delhi/UNI: Union Minister of Commerce and Industry Piyush Goyal on Monday exhorted the export promotion bodies (EPB's) to give an active push to exports and maintain the momentum of healthy growth recorded last year.
Paytm Q2 Report: Consolidated loss widens to Rs 593.9 cr, revenue up by 76 percent
Nov 08, 2022, at 08:05 pm
IBNS/New Delhi: Paytm's parent firm One97 Communications on Monday reported a widening in consolidated net losses to Rs 539.3 crore in Q2 ended Sept 30.
CEA supports gradual short-term fall in rupee
Nov 08, 2022, at 07:21 pm
Mumbai/IBNS: Chief Economic Adviser (CEA) to India V. Anantha Nageswaran said the central bank should allow the rupee to fall gradually and use its foreign exchange reserves judiciously.
Investors focus on consumption stocks as the sector registers growth
Nov 07, 2022, at 06:56 pm
Retail consumption, the biggest victim of global inflation, is finally breaking new ground. The change in outlook is being reflected perceptibly in investors’ preferences for the consumer durables and FMCG sectors. Both are now being driven by the possibility of superior revenue generation and increase in profitability, a trend reflected in the indices.
iPhone shipments delayed over China's Covid lockdown: Apple
Nov 07, 2022, at 06:38 pm
Cupertino/UNI: Apple says those itching to buy its latest iPhone 14 Pro or iPhone Pro Max, should expect longer wait times to receive its new products as its assembly factory in China is now operating at a significantly reduced capacity, reports said.
Kerala to reimburse tech license cost upto Rs 10 lakhs to startups
Nov 07, 2022, at 06:23 pm
Thiruvananthapuram/UNI: Kerala has launched a scheme to reimburse the expense incurred by the nascent ventures to procure technology licenses from government research institutions in the country to commercialise and scale up their products.
Facebook's parent company Meta may begin large scale layoff this week: Reports
Nov 07, 2022, at 02:46 pm
California: Social media giant Facebook's parent company Meta Platforms Inc is planning to begin large-scale layoffs this week, media reports said on Monday.
Reliance Industries to acquire B2B retailer METRO Cash & Carry India: Report
Nov 07, 2022, at 06:40 am
Reliance Industries is set to buy German B2B retailer METRO AG's Cash & Carry business in India for an estimated 500 million euros or Rs 4,060 crore, according to a report in the media.
India’s Gaming Market Hits $2.6Bn; Projected to reach $8.6Bn by 2027: Report
Nov 06, 2022, at 06:59 pm
India was the world’s largest consumer of mobile games in FY22 with 15 billion downloads, according to a report by an Indian Gaming, and Interactive Media Venture Capital.
SBI Q2FY23 net profit soars 74 pc YOY to Rs 13,265 crore
Nov 06, 2022, at 05:52 pm
India's largest lender State Bank of India (SBI) reported a 74 percent year-on-year (Y-O-Y) jump in Q2Fy23 net profit to Rs 13,265 crore compared to Rs 7,627 crore in Q2FY22.