RBI extends interim WMA limit of Rs 51,560 cr to states till September

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,…

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,…

Sensex jumps over 300 pts in early trade; Nifty reclaims 14,700 level

Mumbai: After starting on a weak note, equity benchmark Sensex rebounded over 300 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Infosys and ICICI Bank. The…

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…

Investors’ wealth tumbles over Rs 4.54 lakh cr as markets crash

New Delhi: Investors’ wealth tumbled over Rs 4.54 lakh crore in morning trade on Monday as markets crashed amid a sharp spike in coronavirus cases in the country. The 30-share…

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…