Business News

While the Reserve Bank’s Monetary Policy Committee (MPC) retained the accommodative stance and kept the main policy rates unchanged in the review earlier this month, Jayanth R Varma, a member of the MPC, has strongly argued for tightening…

One97 Communications, the parent entity of Paytm, has received approval of the Securities and Exchange Board of India (Sebi) to launch the $2.2 billion (around Rs 16,600 crore) initial public offering (IPO), the largest in India’s corporate…

The Singapore International Arbitration Centre (SIAC) has turned down Future Retail’s plea to lift the interim stay on its Rs 24,700 crore deal with Reliance Retail, providing a boost to Amazon’s challenge that the deal was in violation of…

Reserve Bank of India Deputy Governor M Rajeshwar Rao on Friday cautioned that the failure of any large non-banking finance company (NBFC) or housing finance company (HFC) may translate into a risk to its lenders with the potential to…

New Delhi, Oct 22 (UNI) Mukesh Ambani-led Reliance Industries Ltd on Friday reported a consolidated net profit of ₹13,680 crore in the quarter ended 30 September, registering a 43% y-o-y jump over the ₹9,567 crore clocked in the…

There’s elation and there’s euphoria, and then there’s the unrestrained rapture that descends upon Bitcoin’s emboldened bulls whenever the cryptocurrency soars to a fresh record. Bitcoin was holding at about $64,650 as of 11:30 a.m. in…

Tesla Inc has urged Indian Prime Minister Narendra Modi’s office to slash import taxes on electric vehicles before it enters the market, four sources told Reuters, ratcheting up demands that faced objections from some Indian automakers.…

Petroleum and Natural Gas Minister Hardeep Singh Puri exuded confidence that the nation will become a $5-trillion economy by FY25 and reach the $10-trillion mark by 2030. Addressing a virtual conference of PAFI India on Thursday, Puri…

The government is likely to pump capital in public sector banks during the last quarter of the current financial year to meet the regulatory requirements. The government in the Budget 2021-22 has made an allocation of Rs 20,000 crore for…

Following the order by the Singapore arbitration tribunal, Amazon.com Inc has filed a fresh plea in the Supreme Court against the National Company Law Tribunal’s (NCLT) order that allowed Future Retail (FRL) to hold meetings of its…

New York, Oct 21 (UNI/Sputnik) US stocks closed mostly high for a seventh day in a row on Thursday, with the S&P 500 and Nasdaq Composite index cruising to a record high, after electric carmaker Tesla reported bumper profits for the…

The second wave of Covid pandemic and the subsequent lockdown impacted the microfinance sector’s growth in the April-June quarter of the current financial year. The growth in the gross loan portfolio of microfinance lenders declined by 6.98…

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) fell for the second consecutive day on Wednesday amid a selloff across sectors. The S&P BSE Sensex cracked 456.09 points (0.74 per…

Petrol and diesel price today: After remaining steady for two consecutive days, petrol and diesel prices were hiked on Wednesday, October 20, 2021, hitting fresh record highs. In the national capital, the petrol and diesel prices each rose…

The IMF came out of the Bretton Woods agreement with a great purpose. But there is a view that the quota system and the lending mechanisms do not reflect contemporary relevance and economic positioning of countries like India. What is your…

With admissions to foreign universities back in favour after a year-long lull, along with steady normalisation in foreign travel and rise in economic activity, monthly outward remittances under the Liberalised Remittance Scheme (LRS) hit an…

Regular flights from Kushinagar to commence from Nov 26: Aviation Minister Jyotiraditya Scindia

New Delhi, Oct 20 (UNI) Prime Minister Narendra Modi on Wednesday invited the CEOs and experts to partner with India in exploration and development of the oil and gas sector in India. The Prime Minister who interacted with the CEOs and…

Tata Motors launched its sub-compact SUV at a starting price of Rs 5.49 lakh. While the company has been witnessing growth in demand for its vehicles, Shailesh Chandra, president, PV business unit, Tata Motors told Sandeep Singh that the…

Investment of India’s rising foreign exchange reserves in equity funds, especially index funds, can fetch higher returns as interest rates which have been on a declining trajectory over the last four decades in advanced economies, have…