Business News

New York, Dec 13: Shares of iPhone maker and consumer tech giant Apple hit record highs on Monday, reaching nearly $3 trillion in market capitalization, trading data showed. Apple’s stock hit a lifetime high of $182.09 to briefly touch a…

New Delhi: Power Finance Corporation, a Maharatna Central Public Sector Enterprise  and India’s leading NBFC for the Power Sector has paid Rs 369.57 crore to Government of India and Rs 290.45 crore to other shareholders, totaling to Rs…

Prime Minister Narendra Modi on Sunday said that Rs 1,300 crore had been paid to over one lakh depositors who could not access their money due to financial crises at banks and that a further three lakh such depositors were set to receive…

Banks have written off Rs 2,02,781 crore of bad loans in the fiscal ended March 2021 when the Covid-19 pandemic hit the country and the Reserve Bank of India (RBI) allowed banks to announce reliefs like loan moratorium for borrowers.…

Power consumption grew by 1.3 per cent in the first ten days of this month to 34.23 billion units (BU) over the same period a year ago, according to data from the Power Ministry. In 2020, power consumption was 33.78 BU during December 1…

Prioritisation of coal supplies for the power sector have led to rising input costs for the aluminium, steel and cement sectors and may lead to prolonged shutdowns at some plants, according to experts. Industry associations have written…

Stressing on the significance of the e-Shram portal to gather data of unorganised workers for evidence-based policy making, Labour Minister Bhupender Yadav said the government is committed towards achieving universalisation of social…

New Delhi: Power Finance Corporation, a Schedule - A Maharatna CPSE and India’s leading NBFC for the Power Sector has paidRs 369.57 crore to Government of India andRs 290.45 crore to other shareholders,totalling to Rs 660.02 crore as second…

Ahead of the three-year term of the outgoing Chief Economic Adviser (CEA) KV Subramanian coming to an end next week, three names have been shortlisted for the position. Two women candidates — Pami Dua, Professor, Delhi School of Economics,…

A NEW species of insect is damaging the chilli crop in several states in south India. Thrips Parvispinous, an invasive insect from Indonesia first seen in 2015, has spread rapidly, affecting chilli crop in nearly 9 lakh acres in Telangana…

NEW DELHI: The Department of Telecommunications (DoT) has issued an order to re-verify the SIM of subscribers holding beyond nine connections across India, six connections in the case of Jammu and Kashmir, North East and Assam, and to…

NEW DELHI: Paytm payments Bank on Thursday said it has been given the scheduled bank status by the Reserve Bank of India.“The inclusion of Paytm Payments Bank in the second schedule to the Reserve Bank of India Act, 1934, will help us…

NEW DELHI: Private bank IndusInd Bank on Friday said the RBI has given approval to Life Insurance Corporation to increase stake in the bank to nearly 10 percent. The bank has received an intimation from the RBI on December 9, 2021, that…

NEW DELHI: Even as the whole world is taking a precautionary measure to control the spread of Omicron, it seems the impact of this new coronavirus variant is fading away from investors’ sentiment. The benchmark index — Sensex — on Wednesday…

MUMBAI: Projecting the inflation trajectory in line with its earlier estimate, the Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year. It is expected to…

With an aim to promote wider digitisation, Reserve Bank of India (RBI) on Wednesday announced that UPI-based digital payment solutions will be launched on feature phones. Only smartphone users have been availing Unified Payments…

It appears that inflation has entered the state of Schrodinger's theory, where price rise is both temporary and persistent simultaneously. On Wednesday, the RBI confirmed that headline inflation will likely peak in January-March 2022,…

NEW DELHI: Despite frequent requests from the insurance sector to reduce 18% Goods and Services Tax levied on the insurance premium, the Centre has said currently there is no recommendation to reduce the GST rate on health insurance…

Global crypto market capitalisation witnessed a fall of 2.28% on Monday evening and stood at $2.23 trillion. While Bitcoin was trading at $48,482.76, a decrease of 0.81%, Ethereum was trading at $4,066.31, a decrease of 2.33% from the…

India stands out as a “poor and very unequal country, with an affluent elite”, where the top 10 per cent holds 57 per cent of the total national income while the bottom 50 per cent’s share is just 13 per cent in 2021, according to the…