Business News

NEW DELHI: E-commerce major Amazon India on Sunday said it has cumulatively created more than 11.6 lakh direct and indirect jobs, enabled nearly USD 5 billion in cumulative exports and digitised over 40 lakh MSMEs in the country till date.…

NEW DELHI: Imports of vegetable oils, comprising edible and non-edible, have fallen 13% to nearly 9.12 lakh tonne during April, shows industry data. The Solvent Extractors’ Association of India (SEA) said the import of vegetable oils is…

NEW DELHI: India’s merchandise exports grew more than 30% in April on a year-on-year basis on the back of improved performance in petroleum products, electronic goods, cereals, coffee, processed food and leather products, as per the data…

Kolkata: State Bank of India (SBI) on Friday reported a 41.28 per cent jump in its net profit at Rs 9,114 crore for the fourth quarter ended March 31, 2022. The Bank posted a Net profit for FY22 grew by 55.19% YoY to Rs. 31,676 crores.…

Mumbai: Union Minister for Commerce and Industry Piyush Goyal on Friday said the India-UAE Comprehensive Economic Partnership Agreement (CEPA) would drive India's economic growth as the bilateral trade between the two countries can…

India CPI Inflation, IIP Growth Rate: Retail inflation surged to a near 8-year high of 7.79 per cent in April, persisting above the Reserve Bank of India’s (RBI’s) inflation target for the fourth straight month, data released by the…

IS THE worst of food inflation — 8.38 per cent year-on-year in April — over? Some hope is provided by milk, which has the highest weight among food items in the consumer price index after cereals. And also pulses, besides the likes of onion…

NEW DELHI:  The government has made it mandatory to quote either PAN or Aadhaar for depositing or withdrawing over Rs 20 lakh in a financial year or opening a current account. The Central Board of Direct Taxes (CBDT), in a notification,…

NEW DELHI:  Lenders have agreed to extend the last date to submit bids for the resolution of debt-ridden Reliance Capital Ltd by a month till June 30 as bidders have given cold response so far, sources said. Committee of Creditors (CoC)…

Payments startup BharatPe, which has been witnessing a tussle between promoters and investors, on Tuesday said it has decided to claw back former founder Ashneer Grover’s restricted shares in the company. It has also terminated several…

HDFC Bank said it has raised its marginal cost of funds-based lending rate (MCLR) by 25 basis points (bps) across tenors, with effect from May 7. The overnight MCLR at HDFC Bank now stands at 7.15 per cent, the one-month rate is at 7.2…

Canada has issued a legislation to compel platforms such as Google and Facebook to negotiate commercial deals and pay news publishers for their content. According to newspaper industry sources, the Canadian legislation is expected to…

Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop. With just hours to go until the end of the subscription period…

Campus Activewear share price: Shares of athleisure footwear company Campus Activewear debuted on a strong note and got listed at a premium of over 23 per cent from their issue price in the stock exchanges today. The scrip got listed at…

Benchmark indices continued to remain under pressure on Monday, with the Sensex tumbling nearly 365 points following a sell-off in global markets and decline in shares of index major Reliance Industries. Unabated foreign fund outflows…

Short-seller Hindenburg Research warned on Monday that Elon Musk’s $44-billion deal to take Twitter Inc private could get repriced lower if the Silicon Valley billionaire walked away from the deal. “Musk holds all the cards here,”…

New Delhi, May 9: Terming the mega initial public offering (IPO) of Life Insurance Corporation (LIC) as a tremendous success, the government on Monday said the issue was lifted predominantly by domestic investors which reflected the…

LIC IPO Open Live News Updates: The initial public offering (IPO) of Life Insurance Corporation of India (LIC), the country’s biggest life insurer, was subscribed 1.38 times so far on the third day of bidding. The issue had got fully…

Stock Market Today, Share Market Updates: The benchmark equity indices on the BSE and National Stock Exchange (NSE) settled over 1.5 per cent lower on Friday tracking weakness in the global market as investors fretted that fast-paced…

Axis Asset Management Company, the mutual fund promoted by Axis Bank, has suspended two of its fund managers for alleged irregularities suspected to involve several crores of rupees, including front-running transactions on their personal…