India forex reserves notches steepest drop in six months
India's foreign exchange reserves fell to $537.52 billion in the week through September 23, notching their steepest weekly fall in six m...
Rupee rises 37 paise to close at 81.36 against US dollar
https://ift.tt/QL6Mj2m Mumbai, September 30 The rupee extended its initial gains and settled 37 paise higher at 81.36 against US dollar on ...
Sensex, Nifty rebound after 7-day fall; surge after RBI rate hike
Equity indices snapped 7-day losing streak as markets cheered Reserve Bank of India's (RBI) rate hike decision. The 30-share BSE benchm...
April-August fiscal deficit at $66.56 billion: Report
In February, while presenting the annual budget, finance minister Nirmala Sitharaman set the fiscal deficit target at 6.4% of GDP for 2022/2...
Rupee ends volatile week on strong note after RBI raises rates
The partially convertible rupee ended up 0.64% to 81.34 per dollar, having sprinted to a high of 81.16 during the session. https://ift.tt/1X...
Markets bounce back smartly after 7-day fall; Sensex climbs 1,017 points post RBI rate hike
https://ift.tt/QL6Mj2m Mumbai, September 30 Benchmark indices bounced back on Friday after falling for the previous seven trading sessions,...
Govt hikes interest rates on some small savings schemes
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rat...
'Merger between LIC Mutual Fund and IDBI MF in advanced stage'
Merger between LIC Mutual Fund and IDBI Mutual Fund is at a "fairly advanced stage", a top official said on Thursday. "The pr...
Current account deficit widens to 2.8% of GDP in Q1 of FY23: RBI
India's current account deficit, a key indicator of the balance of payment position, widened to 2.8 per cent of GDP at $23.9 billion in ...
India a star among emerging market economies with 7.3% growth: S&P
In a report, S&P said global macro performance over the next few quarters points towards growth slowdown with tightening financial condi...
Markets settle lower for 7th straight session; closes 188 points down
https://ift.tt/YKnlSJv Mumbai, September 29 Benchmark indices failed to hold on to early gains and ended lower for the seventh straight ses...
Reliance Retail launches premium fashion and lifestyle store brand AZORTE
https://ift.tt/YKnlSJv New Delhi, September 29 Country's largest retailer Reliance Retail on Thursday launched a premium fashion and li...
Tesla appoints Airbnb co-founder Joe Gebbia to board
https://ift.tt/YKnlSJv San Francisco, September 29 Elon Musk-run Tesla has appointed billionaire and Airbnb Co-founder Joe Gebbia to its bo...
Cabinet okays Rs 10,000cr for redeveloping 3 railway stations
The Union Cabinet has approved Rs 10,000 crore for the redevelopment of the New Delhi, Ahmedabad and Mumbai's Chhatrapati Shivaji Mahara...
Rupee posts another record low, but fares better than peers
The Reserve Bank of India has been selling dollars as it seeks to looks to manage the volatility and the pace of the rupee's fall, trade...
Indian firms sign MoU with Canada’s Canpotex for long-term stability of fertilisers
https://ift.tt/BbGIQE6 Ravi S Singh New Delhi, September 28 Ahead of the forthcoming cropping season, India's fertiliser companies hav...
Festival bonanza: DA for central govt employees hiked by 4%
The Union Cabinet on Wednesday approved 4% hike in dearness allowance (DA) for central government employees and dearness relief (DR) to pen...
GST revenue in September likely at Rs 1.45 lakh crore
Goods and Services Tax (GST) revenue mop-up in September is expected to be around Rs 1.45 lakh crore, an official said. The collection has b...
Apple drops plan to boost iPhone production as demand falters: Report
https://ift.tt/BbGIQE6 September 28 Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated su...
Sensex, Nifty end marginally lower
https://ift.tt/9Q4mPKh Mumbai, September 27 Equity benchmark Sensex and Nifty ended marginally down on Tuesday tracking losses in metal, ba...
Google India policy head Archana Gulati quits
https://ift.tt/9Q4mPKh New Delhi, September 27 Google India's government affairs and public policy head Archana Gulati, who had joined ...
RBI may need to tap old ways to boost forex reserves: Report
The Reserve Bank of India may have to resort to tried and tested measures to shore up its foreign exchange reserves, including encouraging n...
India's inclusion into key govt bond index pushed back : Report
"India is working to get its bonds included but operationally it is not ready," one of the sources said. https://ift.tt/ED0s2cr
Adani says China will feel increasingly isolated
Adani’s comments on China and the global economy come at a time when the 60-year-old ports-to-power tycoon is seeking to raise his internati...
Adani to invest $100 billion across new energy, data centres
The ports-to-energy conglomerate will add 45 gigawatts of hybrid renewable power generation capacity and build 3 giga factories to manufactu...
Adani Group to invest USD 100 billion across new energy, data centres
https://ift.tt/9Q4mPKh New Delhi, September 27 Adani Group will invest USD 100 billion over the next decade, primarily in new energy and di...
Quad alliance to amplify supply-chain and investment shifts: Moody's
Deepening economic relationships among members of the Quad to increase technological and energy security amid China's growing influence ...
Rupee falls 43 paise to all-time low of 81.52 against US dollar
The rupee depreciated 43 paise to an all-time low of 81.52 against the US dollar in early trade on Monday as the strengthening of the Ameri...
Foxconn to make iPhone 14 in India
India is set to manufacture Apple’s flagship iPhone 14 smartphones with the company confirming that the devices would be made at contract-ma...
Markets fall sharply in early trade; Sensex tumbles 817 points
https://ift.tt/Shs3TWo Mumbai, September 26 Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 po...
Foxconn to make iPhone 14 in India
India is set to manufacture Apple’s flagship iPhone 14 smartphones with the company confirming that the devices would be made in India at co...
Foxconn to make iPhone 14 in India
India is set to manufacture Apple’s flagship iPhone 14 smartphones with the company confirming that the devices would be made in India at co...
Telecom privacy violators set to face stiff penalties
Within days of releasing the draft telecom bill for public comments, the government has received feedback that penal provisions for violatio...
393 infra projects show cost overruns of Rs 4.65 lakh crore
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Seven of top-10 firms lose Rs 1.34 lakh-crore in M-cap; RIL biggest laggard
https://ift.tt/r1XqitJ New Delhi, September 25 The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 ...
BPCL eyes Brazil crude, inks MoU with Petrobras
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FDI inflows to India may cross $100 billion in 2022-23: Government
https://ift.tt/r1XqitJ New Delhi, September 24 Inflow of foreign direct investment (FDI) to India is expected to surge to a record $100 bil...
Rupee has held up very well against dollar compared to other currencies: FM Nirmala Sitharaman
https://ift.tt/r1XqitJ Pune, September 24 Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well"...
Economists see RBI delivering another 50 bps hike next week
https://ift.tt/ltnfOSJ Mumbai, September 23 Economists are unanimous in forecasting that the central bank has no other option but to delive...
Sensex, Nifty plunge nearly 2%: Top reasons behind market fall
Equity indices dragged for third straight session on Friday with the benchmark BSE sensex crashing over 1,000 points amid an overall bearish...
Rupee closes at lifetime low of 80.98 against US dollar
At the interbank foreign exchange market, the local currency breached the 81-mark for the first time ever and slumped to 81.23 against the A...
Rupee falls 19 paise to close at lifetime low of 80.98 against US dollar
https://ift.tt/ltnfOSJ Mumbai, September 23 The rupee slumped 19 paise to close at a fresh lifetime low of 80.98 against the US dollar on F...
Sensex, Nifty tumble nearly 2 pc amid bearish global trends
https://ift.tt/ltnfOSJ Mumbai, September 23 Equity indices fell sharply by nearly 2 per cent each, extending their decline for the third da...
New telecom bill likely to be in place in 6-10 months: Aswini Vaishnaw
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishna...
Tightening liquidity may force banks to compete harder for deposits
Banking system liquidity slipped into deficit for the first time in nearly 40 months earlier this week, prompting the Reserve Bank of India...
RBI to raise rates, slim majority of economists expect 50 bps hike: Report
There was a wide consensus that the RBI will raise rates at the Sept. 30 meeting, although there were differences over how far it would go w...
Govt proposes to bring messaging apps under telecom licence
Over-the-top players like Whatsapp, Zoom and Google Duo which provide calling and messaging services may require licences to operate in the...
Fortis sinks 20% as top court extends stay on IHH open offer
Shares of Fortis Healthcare sank nearly 20% on Thursday and eyed their biggest slide in nearly 15 years, after reports said India's top ...
UK watchdog to probe Amazon, Google, Microsoft Cloud Business
UK digital regulator Ofcom said it will launch a range of investigations into digital markets including cloud computing, internet messaging,...
SpiceJet hikes salary of section of pilots after getting ECLGS funds
SpiceJet has hiked salary of its captains and senior first officers by around 20 per cent from October as it gets the first tranche of funds...
SpiceJet to hike pilots’ salaries by 20 per cent in October
https://ift.tt/KW0maX4 ANI New Delhi, September 22 SpiceJet has announced around 20 per cent hike in salaries for pilots from October onwa...
World’s second-biggest fortune fails to halt rout in Adani bonds
The diverging moves suggest that high debt poses risks to Adani’s success story that saw his net worth, as measured by the Bloomberg Bill...
September retail inflation seen at 7.4%: Report
India's headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the m...
Apple may move a quarter of iPhone production to India by 2025: JP Morgan
https://ift.tt/Qj3q28w September 21 Apple Inc may make one out of four iPhones in India by 2025, J.P.Morgan analysts said on Wednesday, as ...
Markets fall after 2-day gain; US Fed policy decision eyed
https://ift.tt/Qj3q28w Mumbai, September 21 Equity indices ended lower on Wednesday amid mixed global market trends ahead of the keenly awa...
Wipro found 300 staff working with rivals at same time: Rishad Premji
Wipro chairman Rishad Premji on Wednesday said the company had found its 300 employees worked with one of its competitors at the same time, ...
Cabinet approves National Logistics Policy: Anurag Thakur
The Cabinet on Wednesday approved the National Logistics Policy, which aims at reducing transportation cost and promoting seamless movement ...
Govt likely to extend free food programme for poor
ndia is likely to extend its free food programme for the poor by three to six months, a TV channel reported on Wednesday, a move that could ...
Banks see bad loans falling to decade low of 4% by FY24 end
Indian banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further i...
Asian Development Bank cuts India's GDP growth forecast to 7 per cent on high inflation, monetary tightening
https://ift.tt/Qj3q28w New Delhi, September 21 The Asian Development Bank (ADB) has slashed India's economic growth projection for 2022...
Goldman Sachs lays off 25 bankers in Asia: Report
Goldman Sachs has laid off at least 25 bankers in Asia, Bloomberg News reported on Tuesday citing people familiar with the matter, as volati...
Uber asks its India drivers to ensure rear seat belts in their cars work
Ride-hailing company Uber Technologies has asked its drivers in India to ensure backseat seatbelts in their vehicles are accessible to passe...
India to grow at over 7% in FY23, says CEA Anantha Nageswaran
Chief economic advisor V Anantha Nageswaran on Tuesday said the Indian economy will grow at over 7%, down from above 8% of growth rate proje...
Markets settle higher for 2nd day; Nifty jumps over 1 per cent
https://ift.tt/h0FCEbO Mumbai, September 20 Equity indices ended higher for the second straight session on Tuesday, with the Nifty rallying...
Indian rice shipments stuck at ports, traders seek government help
At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi's surprise export restrictions have tra...
India’s defense of rupee takes large bite from record reserves
India’s intervention to protect the rupee is running down currency reserves at a rate that’s poised to eclipse the drawdown during turmoil a...
Spike in wheat prices due to speculative trade: Food secretary
India has enough wheat stock but the spike in retail prices is due to speculating trading, Food Secretary Sudanshu Pandey said on Monday and...
India spending forex reserves at quicker pace than during taper tantrum
The Reserve Bank of India (RBI) is using up its foreign exchange reserves at a quicker pace than during the taper-tantrum period in 2013 as ...
VFS Global rolls out Indonesian fast-track visa on arrival for Indians
VFS Global on Monday announced its exclusive agreement with TLP, the Immigration Department for Republic of Indonesia and Bank Mandiri, to p...
Adani’s ascent boosts India’s clout in emerging-market equities
Eight firms controlled by Adani’s ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of t...
Markets bounce back after 3-day fall; sensex climbs 300 points
Benchmark indices bounced back on Monday after a three-day fall, largely helped by buying in banking counters. After a weak beginning, the 3...
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