US stock indexes tumble as Fed's monetary policy tightening fans recession fears
Jun 17, 2022, at 06:01 am
US stock indexes slumped sharply Thursday, following Federal Reserve's biggest interest rate hike since 1994 that heightened recession worries, media reports said.
Tata Steel hikes stake in Tata Steel Mining
Jun 17, 2022, at 05:51 am
Mumbai: Tata Steel recently increased its stake in its wholly-owned subsidiary Tata Steel Mining.
American cosmetics major Revlon files for bankruptcy
Jun 17, 2022, at 03:11 am
American cosmetics and skin care products giant Revlon has filed for bankruptcy, media reports said.
Jio-bp to power Zomato’s EV journey
Jun 17, 2022, at 02:24 am
Mumbai: Jio-bp - a fuels and mobility joint venture between RIL and bp - and food delivery platform Zomato, announced Wednesday that they have entered an agreement to support Zomato’s commitment towards The Climate Group’s EV100 initiative of a 100% EV fleet by 2030.
Sensex improves by over 100 points
Jun 16, 2022, at 09:32 pm
Mumbai/UNI: The BSE Sensex Thursday recovered marginally by 163 points to 52,705.21 as buying was seen in FMCG and Finance stocks.
UK PM hopes for progress on Ukrainian grain export issue
Jun 16, 2022, at 09:06 pm
London/UNI/Sputnik: UK Prime Minister Boris Johnson, during a phone call with Ukrainian President Volodymyr Zelenskyy, expressed hope for progress on the issue of Ukrainian grain exports, the Prime Minister's office said in a statement.
US Federal Reserve raises target interest rate by 75 bps, highest since 1994
Jun 16, 2022, at 07:23 am
Wahington: America's central bank Federal Reserve Wednesday increased its target interest rate by three-quarters of a percentage point, and signaled more hikes in the coming months to stem the biting inflation.
India's diesel sales jump 48 pc in first two weeks of June: Report
Jun 16, 2022, at 06:13 am
New Delhi: The diesel demand in India skyrocketed in the first two weeks of June, according to media reports
India's mineral production grows 8 pc in April
Jun 16, 2022, at 03:29 am
New Delhi: India's April mineral production increased by 7.8 percent YoY as against the output in the same month last year, the government said Wednesday.
90 pc businesses feel GST broke barriers, made doing business easy: Deloitte Survey
Jun 16, 2022, at 03:13 am
New Delhi: Contrary to the opposition against the GST regime, 90 percent of Indian industry leaders feel that GST has made doing business easier as it removed barriers across the country, a Deloitte survey said on Wednesday.
Indian Market: Sensex falls 152.18 pts
Jun 15, 2022, at 11:10 pm
Mumbai: The BSE Sensex on Wednesday dropped 152.18 pts to settle at 52,541.39 as selling was seen in Energy, Utilities, Oil and Gas and Power stocks.
India's overall merchandise, services exports jump 24 percent in May
Jun 15, 2022, at 08:44 pm
New Delhi: India’s overall exports (Merchandise and Services combined) in May 2022 are estimated to be USD 62.21 Billion, exhibiting a positive growth of 24.03 per cent over the same period last year.
Aarti Srivastava appointed Chief Human Resources Officer of Capgemini in India
Jun 15, 2022, at 03:59 pm
Mumbai: IT major Capgemini on Wednesday announced the appointment of Aarti Srivastava as Chief Human Resources Officer (CHRO) for its India operations, effective June 1, 2022.
IndusInd Bank drops 2.12 pc to Rs 845.85
Jun 14, 2022, at 10:28 pm
Mumbai: IndusInd Bank on Tuesday dropped 2.12 pc to Rs 845.85 a major loser in 30 scrips of BSE.
Indian Market: Sensex falls 153.13 pts
Jun 14, 2022, at 10:05 pm
Mumbai: The BSE Sensex on Tuesday slipped 153.13 pts to settle at 52,693.57 as selling was seen in Auto, Energy, Finance and Oil and Gas stocks.
TotalEnergies to buy 25% stake in Adani New Industries, to focus on green hydrogen
Jun 14, 2022, at 07:39 pm
Ahmedabad/IBNS: French energy major TotalEnergies will buy a 25 percent stake in Adani New Industries Ltd (ANIL) to create the world’s largest green hydrogen ecosystem with Adani Group.
India's May wholesale inflation spikes to 15.88pc
Jun 14, 2022, at 06:22 pm
New Delhi: The annual rate of inflation is 15.88 percent (Provisional) for the month of May, 2022 (over May, 2021) as compared to 13.11 percent in May, 2021, official data released on Tuesday revealed.
Jun 14, 2022, at 04:56 pm
While the European Union (EU) continues to be the biggest consumer of Russian fossil fuels amid the Ukraine war, India upped its imports of Russian crude from 1 percent before the conflict began to 18 percent in May, media reported.
Jun 14, 2022, at 05:50 am
Mumbai: After rising to a 95-month (almost 8 years) high to 7.79 percent in Apr’22, CPI inflation moderated to 7.04% in May’22 due to broad-based deceleration. Core CPI also moderated in May to 6.09% as compared to 6.97% in Apr’22, State Bank of India’s Economic Research Department said Monday.
PVR announces national partnership with Save Soil movement
Jun 14, 2022, at 05:05 am
India's film exhibitor PVR Cinemas has joined hands with Isha Outreach in India as its national partner for the ecological movement to Save Soil.
Fed on way to bigger action as inflation soars in US
Jun 14, 2022, at 03:42 am
Washington: Amid soaring inflation, the US Federal Reserve is likely to hike key policy rates to help mitigate price increases that are showing no signs of cooling, media reports said.
India's retail inflation eases to 7.04 pct in May
Jun 14, 2022, at 12:11 am
New Delhi: India's retail inflation eased to 7.04 per cent in May 2022 from 7.79 per cent in the previous month, according to data released by the government on Monday.
Govt enrolls 742 drones in May, trade body sees rapid growth ahead
Jun 13, 2022, at 11:38 pm
New Delhi/UNI: As many as 742 drones were registered and unique identification numbers (UIN) were issued to them in the month of May, the Civil Aviation Ministry has said in its monthly report.
Tata Motors launches GenVoltz generators in Nepal
Jun 13, 2022, at 07:24 pm
KathmanduIndian automobile major Tata Motors, along with its authorised distributor, Sipradi Trading Pvt. Ltd., launched the reliable and efficient range of GenVoltz generators in Nepal.
Kolkata manufacturer of sesame oil says their products are certified and vegan
Jun 13, 2022, at 05:59 pm
Kolkata/IBNS: City-based BN Exports Private Limited is a manufacturer and exporter of certified natural and refined sesame oil, with a state-of-the-art manufacturing facility located in Domjur in Howrah (West Bengal).
Max Cement launches ‘Builders Of India’ social media campaign
Jun 13, 2022, at 05:52 pm
Kolkata/IBNS: North-east India based Max Cement recently launched a social media campaign as part of their countdown to 75 days to the Independence Day.
Bajaj Auto MD Rajiv Bajaj blames dilution of regulatory norms for EV fires
Jun 13, 2022, at 05:39 am
Pune: Bajaj Auto MD Rajiv Bajaj has blamed the state of the regulatory environment in India for incidents of Electronic Vehicles (EVs) catching fire.
Fitch Ratings revises outlook for India to stable from negative
Jun 13, 2022, at 04:52 am
American credit rating agency Fitch Ratings has upgraded its outlook for India from negative to stable and affirmed the BBB rating.
Jun 12, 2022, at 02:30 pm
New Delhi/UNI: The prices of petrol and diesel remained static for the 22nd straight day on Sunday.
American cosmetic major likely to file for bankruptcy: Report
Jun 12, 2022, at 02:34 am
New York: American cosmetic and skin care products firm Revlon is likely to file for bankruptcy, media reports said.