Business
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Ukraine war, FII sell-off push gold price to Rs 55K per 10 gm
New Delhi: Inflationary fears as well as Russia-Ukraine conflict pushed gold prices to Rs 55,000 per 10-gram on Tuesday. The fears of supply shortages due to the Russia-Ukraine conflict along with robust…
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Rising nickel prices put a spanner in Musk’s dream of affordable EVs
New Delhi: The rising nickel prices, owing to the Russian invasion of Ukraine, have thrown a spanner in Elon Musk and other automakers’ dream of introducing affordable electric cars soon. Nickel prices…
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Meet women ‘Covidprenuers’ who used lockdowns to launch their own businesses
New Delhi: Opening a new venture in the chaotic times of Covid when even the long established ones faced a serious threat of shutting down, seemed crazy, if not suicidal, to most…
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We see clear advantages in a central bank driven digital currency”: Nirmala Sitharaman
Bengaluru: Union Finance Minister Nirmala Sitharaman on Tuesday said the ‘Digital Rupee’ is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages…
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Inflationary fears: Rupee hits record low at 77 to USD
New Delhi: High commodity prices, as well as outflow of foreign funds from equity markets, dragged Indian rupee to a new record low against the US dollar. Rising prices of crude oil,…
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Hero Electric partners with SUN Mobility to deploy 10K e-2Ws in 2022-23
New Delhi: Hero Electric on Monday announced its new partnership with SUN Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), to deploy electric two-wheelers integrated with the…
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Airtel ties up with Axis Bank to launch credit card
New Delhi: Bharti Airtel and Axis Bank on Monday announced the launch of Airtel Axis Bank Credit Card as part of a “strategic partnership to strengthen the growth of India’s digital ecosystem…
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Ukraine war to strain multiple sectors of Indian economy
New Delhi: Russias invasion of Ukraine, and the flurry of punitive sanctions imposed on Moscow by the US and Europe, can impact India Inc due to the resultant spike in commodity prices.…
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Oil price at highest level since 2008; Asian markets slump
New Delhi: Oil prices have soared to the highest level since 2008 after the US said it was discussing a potential embargo on Russian supplies with its allies, BBC reported. Brent crude…
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PayPal shuts down services in Russia
San Francisco: Payments company PayPal has announced that it is suspending its services in Russia in the wake of Ukraine invasion. Ukraine’s vice prime minister Mykhailo Fedorov tweeted a letter from PayPal…
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Shell defends decision to purchase Russian crude oil
New Delhi: Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine, BBC reported. The oil giant said in a statement that the decision to…
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Outlook: Election results, global risks to guide equities markets
Mumbai: Geopolitical tensions emanating from the Russian-Ukrainian conflict as well as crucial state assembly election results will determine — key equity indices — movements next week. Besides, macro-economic industrial production data along…
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China’s trade war with US resulted in loss of USD 550 billion: Report
Beijing: Amid an economic slowdown, China’s four-year ‘trade war’ with the US has resulted in a total loss of USD 550 billion in import tariffs, the majority of which are aimed at…
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EV pioneer Elon Musk now says world needs more oil & gas
New Delhi: Tesla CEO Elon Musk, who started the electric vehicle (EV) revolution to save the climate, on Saturday asked the world governments to increase oil and gas production. Referring to the…