MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced an extension of the interim ways and means advances (WMAs) limit of Rs 51,560 crore to state governments till September,…
Category: Business
India’s GDP to grow 12.5 per cent this fiscal year: IMF
NEW DELHI: The IMF on Tuesday revised upwards India’s real GDP growth projection to 12.5 per cent in FY22 as against the 11.5 per cent estimated in January. However, the…
China hits Alibaba with huge $2.7 billion fine for anti-competitive tactics
BEIJING: Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan (USD 2.8 billion) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens…
Strong growth in new seller addition in India despite pandemic: Amazon
NEW DELHI: Amazon India has witnessed strong growth in seller addition and rise in number of ‘crorepati’ businesses on the platform even during the pandemic-hit year, a top company executive…
Gold jumps Rs 182; silver zooms Rs 725
New Delhi: Gold rose by Rs 182 to Rs 45,975 per 10 gram in the national capital on Thursday following gains in the international precious metal prices, according to HDFC…
Gold rallies Rs 587; silver jumps Rs 682
New Delhi: Gold rallied by Rs 587 to Rs 45,768 per 10 gram in the national capital on Wednesday amid rupee depreciation, according to HDFC Securities. In the previous trade,…
Saregama inks global music licensing deal with Triller
New Delhi: Saregama on Tuesday announced a global music licensing deal with short format video platform Triller. “As part of this deal, Saregama will license its entire catalog to Triller allowing…
Rupee surges 10 paise to 73.20 against US dollar in early trade
Mumbai: The rupee appreciated by 10 paise to 73.20 against the US dollar in opening trade on Tuesday supported by positive domestic equities and strong Asian currencies. At the interbank forex…
Asian stocks mixed after Wall St rally on economic optimism
Tokyo: Asian shares were mixed Tuesday after a Wall Street rally that reflected some optimism about the economy recovering from the pandemic. Japan’s benchmark Nikkei 225 lost early gains and fell…
SBI hikes interest rate on home loan rate to 6.95 pc
NEW DELHI: The country’s largest public lender State Bank of India (SBI) has revised its home loan rate by 25 basis points (bps)to 6.95 per cent effective April 1. With…
Amazon apologises for falsely denying that its drivers urinate in plastic bottles
MUMBAI: Amazon has issued an apology to US politician Mark Pocan for falsely denying that its drivers are, at times, forced to urinate in bottles. After the politician, referenced Amazon…
Asian stocks up after Wall St. record amid vaccine optimism
Beijing: Asian stock markets were mostly higher Monday after Wall Street hit a record high on optimism the spread of coronavirus vaccines might allow global business to return to normal. Tokyo…
Adani Ports acquires residual 25 pc stake in Krishnapatnam Port for Rs 2,800 cr
New Delhi: Adani Ports and Special Economic Zone (APSEZ) on Monday said it has acquired 25 percent stake of Vishwa Samudra Holdings in Krishnapatnam Port for Rs 2,800 crore. This…
Manufacturing activities in India eases in Mar; challenging times ahead: Survey
New Delhi: India’s manufacturing sector activities lost further growth momentum and fell to a seven-month low in March as demand was constrained by the escalation of the COVID-19 pandemic, a monthly…
Munjal family matriarch Santosh Munjal passes away
NEW DELHI: Promoter of Hero group Santosh Munjal and matriarch of the Munjal family, Santosh Munjal has passed away, according to the family. Santosh Munjal (92), the wife of late…
Petrol, diesel prices revision unchanged for 4th consecutive day
NEW DELHI: Oil marketing companies on Saturday continued on the pause mode and decided against revising the petrol and diesel after cutting its retail rates on Tuesday. Accordingly, pump price…
Government pushes implementation of transparent accounting software to April 1, 2022
NEW DELHI: The central government has extended the date of implementation of rule making it mandatory for all companies to adopt accounting software having an audit trails of each and…
SpiceJet ties up with Avenue Capital for sales & lease-back of up to 50 new aircraft
Mumbai: Budget carrier SpiceJet on Wednesday said it has signed an initial pact with New York-based global investment firm Avenue Capital Group for financing, acquisition and sales & lease-back of…