Business News

Thiruvananthapuram, Feb 3 (UNI) The Kerala Cabinet on Wednesday approved the signing of a Memorandum of Understanding (MoU) between Technopark and Tata Consultancy Services to set up a new centre of TCS in Technocity at Pallipuram, on the…

Mumbai: The Reserve Bank of India (RBI) has appointed an external professional IT firm to carry out a special audit of the entire IT infrastructure of HDFC Bank. The development follows recent outage in the bank's internet banking and…

New Delhi: India's January merchandise exports rose over 5.37 per cent on a year-on-year basis, preliminary data showed on Tuesday. Accordingly, the country's merchandise exports during the month under review grew to $27.24 billion…

Washington, Feb 3 (Sputnik) Amazon's Jeff Bezos in an email to employees said he is stepping down from his role as Chief Executive Officer of the company.  "I’m excited to announce that this Q3 I’ll transition to Executive Chair of the…

Kolkata, Feb 2 (UNI) Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has successfully raised USD 500 million on  January 29 through issuance of USD denominated Bonds under Reg S route with a fixed maturity of May 16,…

NEW DELHI: In a marginal hike of around 1.4 percent, the defence budget was increased to Rs 4.78 lakh crore for 2021-22 as against last year's allocation of Rs 4.71 lakh crore while it has emerged that the armed forces spent an additional…

NEW DELHI: A large number of commonly used items, including refrigerators, air conditioners, LED lights and mobile phones, will become more expensive due to hike in customs duty on imported parts, as proposed by Finance Minister Nirmala…

New Delhi , February 2   Chairman and Chief Executive Officer (CEO) of the Indian Railway Board (Ministry of Railways) Suneet Sharma on Monday lauded the Centre's allocation of Rs 1,10,055 crore to Indian Railways, calling it…

Mumbai, Jan 31(UNI) India's foreign exchange reserves for the week ended January 22, rose by USD 109 crores to reach USD 58,533 crores. Prior to this for the week ending January 15 India's Foreign Exchange Reserves had decreased by USD 184…

New Delhi, Jan 31 (UNI) The Goods and Services Tax (GST) revenue collection for January has almost touched Rs 1.20 lakh crore, the Ministry of Finance said here on Sunday. 'The gross GST revenue collected in the month of January till…

BENGALURU: On Friday, when Tesla CEO Elon Musk simply wrote #Bitcoin on his Twitter Bio, the cryptocurrency soared 14 per cent to touch a two-week high of $36,901 (roughly `26.9 lakh) value. When the world’s richest man says it, people…

NEW DELHI:  What’s in it for me would be the prominent question racking the brains of many when Finance Minister Nirmala Sitharaman presents the Union Budget on Monday. Be that as it may, the salaried class battered by the pandemic is…

CHENNAI: Who said you need an expensive cruiser to tour the country? Apparently, you don’t even need a detailed plan — to set out on a road trip, or navigate your way through life. “If you want to do something, you just got to go out and do…

NEW DELHI:  India’s core infrastructure sector contracted by 1.3% in December 2020, continuing its momentum of slide since lockdown, which they fear can drag down India’s recovery. The only time the sector saw some revival was in…

BENGALURU: : Royal Enfield on Friday announced the launch of its first standalone flagship store in Tokyo, Japan. Located in Suginami, Tokyo, the company, in a statement, said the store would have a complete range of motorcycles, apparel…

NEW DELHI:  India may witness current account surplus of 2% in FY21 after a gap of 17 years, according to The Economic Survey 2020-21 released on Friday. This feat will be achieved on the back of the country’s resilient software service…

New Delhi, Jan 29   The Indian government and the World Bank on Friday signed a $500 million Strengthening Teaching-Learning and Results for States Programme (STARS) to improve the quality and governance of school education in six states --…

New Delhi , January 30   The Economic Survey has compared those states that implemented Pradhan Mantri Jan Arogya Yojana (PMJAY) and those which did not and says it has reflected significant improvements in several health outcomes in…

Toronto, Jan 30 (Sputnik) - Canada’s economy is estimated to have contracted by a record-breaking 5.1 percent in 2020, the state statistics agency revealed. "This flash estimate points to an… approximate decline of 5.1 percent for the…

Mumbai, Jan 28 (UNI) The domestic stock market nosedived for the fifth straight day on Thursday, registering more than one per cent decline in the BSE Sensex and NSE Nifty. The Sensex plunged 535.57 points or 1.13 per cent, to finish at…