Rupee slips 18 paise to 75.81 against US dollar in early trade

MUMBAI: The rupee depreciated 18 paise to 75.81 against the US dollar in opening trade on Wednesday amid strengthening American currency overseas and sustained foreign fund outflows. Forex traders said the…

Govt hikes excise duty on petrol by record Rs 10, diesel by Rs 13

NEW DELHI:  The government on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6…

Petrol price in Delhi hiked by Rs 1.67 per litre, diesel by Rs 7.10

NEW DELHI: Petrol price in the national capital was hiked by Rs 1.67 a litre on Tuesday and diesel by a steep Rs 7.10 per litre after the Delhi government raised…

Rupee rises 15 paise to 75.58 against US dollar in early trade

MUMBAI:  The rupee appreciated by 15 paise to 75.58 against the US dollar in early trade on Tuesday tracking positive opening of domestic equities and weakness in the American currency.…

Loadshare Networks raises Rs 100 cr to fund expansion

MUMBAI: Logistics platform Loadshare Networks has raised Rs 100 crore in Series-B funding from investors led by Beenext, with participation from the CDC Group of Britain and existing investors like…

JSW Steel reports 60 pc fall in output at 5.63 LT in April

NEW DELHI: JSW Steel has registered a sharp fall of about 60 per cent in its crude steel production at 5.63 lakh tonne (LT) amid lockdown during April 2020. The company…

Rising demand for PPE products provides huge opportunity for domestic exporters: AEPC

NEW DELHI: The increasing demand for personal protective equipment (PPE) to combat the COVID-19 pandemic in local as well as global markets provides a huge opportunity for domestic exporters, industry body…

Online car sales may gain traction post COVID-19, auto retail needs to become virtual: EY

NEW DELHI:  Post the COVID-19 crisis, online car sales are likely to gain traction as customers would lean further towards contactless modes of purchasing, according to a report by consultancy…

Mahindra Holidays to first reopen resorts near metro cities post lockdown

NEW DELHI:  Mahindra Holidays & Resorts India Ltd (MHRIL) on Sunday said it plans to first reopen resorts that are at a drivable distance from the metro cities once the…

Lockdown 3.0: More shops expected to re-open but confusion reigns, say retailers

NEW DELHI: Retailers and traders expect to re-open more shops from Monday under the new relaxed guidelines by the government for the extended lockdown period till May 17, although they are…

Rising demand for PPE products provides huge opportunity for domestic exporters: AEPC

NEW DELHI: The increasing demand for personal protective equipment (PPE) to combat the COVID-19 pandemic in local as well as global markets provides a huge opportunity for domestic exporters, industry body…

ATF price cut 23 pc, costs one-third of petrol, diesel whose rates continue to be on hold

NEW DELHI: Jet fuel (ATF) prices have been slashed by a steep 23 percent in line with a slump in international oil prices and it now costs about one-third of…

Lockdown: Maruti sells zero units in domestic market in April

NEW DELHI: The country’s largest carmaker Maruti Suzuki India (MSI) on Friday said it did not sell a single unit in the domestic market last month due to coronavirus-led nationwide lockdown.…

Tarun Bajaj takes over as Economic Affairs Secretary

NEW DELHI: Tarun Bajaj, an old hand at the Finance Ministry, on Friday assumed charge as the Economic Affairs Secretary. He comes back to North Block at a time when the…

PM Modi holds series of meetings to boost economy amid coronavirus crisis

AURANGABAD/CHANDIGARH: Local authorities sealed Nanded’s Hazur Sahib gurdwara on Friday, hours before Punjab reported that 91 more people who returned from the shrine in Maharashtra had tested positive for coronavirus. So…

KEC International resumes operations at all factories

NEW DELHI: Infrastructure firm KEC International on Thursday said it has resumed operations at all its factories in the country in a phased manner. “Pursuant to the necessary approvals/advisories received from…

Axis Bank shares over 6 pc after Q4 net loss

NEW DELHI:  Shares of Axis Bank on Wednesday dropped over 6 per cent in early trade after the company reported a standalone net loss of Rs 1,387.78 crore for the…

Centre procures 3.75 lakh tonnes of pulses, oilseeds under PSS so far

NEW DELHI:  Amid the COVID-19 lockdown, the Centre has procured 1.92 lakh tonnes of gram and tur dal and 1.83 lakh tonnes of mustard seeds, totalling 3.75 lakh tonnes under…

Gulf Oil resumes partial operations at Silvassa plant

NEW DELHI: Hinduja Group firm Gulf Oil Lubricants India Ltd has resumed partial operations of its lube plant at Silvassa in Dadra and Nagar Haveli, following the easing of lockdown restrictions.…

Rupee slips 15 paise to 76.40 against US dollar in early trade

MUMBAI:  The rupee depreciated 15 paise to 76.40 against the US dollar in opening trade on Tuesday, amid strengthening American currency overseas and volatility in domestic equities. Forex traders said…