Business
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Third Covid wave, microchip shortage dented auto sector’s Jan sales: Experts
New Delhi: The third Covid wave along with microchip shortage leading to lower production and elongated waiting periods dented January 2022 sales of key automobile players. “On account of Covid-19, sluggish rural…
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Equity settles in red, Nifty IT top losers; sugar stocks gain
New Delhi: India’s key benchmark equity indices — S&P BSE Sensex and NSE Nifty50 — settled in the red on Thursday due to profit booking after the recent rally coupled with subdued…
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Wheels India posts Rs 20.60 crore PAT for Q3
Chennai: Automotive wheels major Wheels India Ltd on Wednesday said it had closed the third quarter of FY23 with a net profit of Rs 20.60 crore. In a statement issued here, the…
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Fiscal Push: Budget FY23, value buying lift equity indices
Mumbai: Stock buying sentiment triggered by Union Budget as well as attractive valuations lifted India’s key equity indices — S&P BSE Sensex and NSE Nifty50 — on Wednesday. Initially, the domestic equity…
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Google’s parent firm Alphabet logs record $257 bn revenue in 2021
San Francisco: Google’s parent company Alphabet has registered a record $257 billion in annual revenue for full year 2021 — a 41 per cent (on-year) jump from previous year, as the pandemic…
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Sensex surges over 400 pts in early trade; Nifty breaches 17,650-level
Mumbai: Equity benchmark Sensex climbed over 400 points and the Nifty breached the 17,650-level in the opening session on Wednesday, a day after the Union Budget proposed higher spending on infrastructure to…
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Rupee gains 11 paise to 74.71 against US dollar in early trade
Mumbai: The rupee appreciated 11 paise to 74.71 against the US dollar in the opening trade on Wednesday, supported by positive domestic equities and weak American currency. At the interbank foreign exchange,…
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Tesla recalls ‘self driving’ feature that lets cars roll through stop signs
San Francisco: Electric vehicle company Tesla is disabling a self-driving feature in nearly 54,000 vehicles that can prompt cars to autonomously perform a “rolling stop” — a maneuver in which the vehicle…
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Equities cheer Budget; Tata Steel, L&T among top gainers
New Delhi: The Indian equities have continued gains from the morning session and closed sharply higher on the Budget day as the Centre continued with its strong capital expenditure spending for FY23.…
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Union Budget: Sops for capex, infra, MSME, electric vehicles
New Delhi: The outlay for capex has been significantly enhanced by 35 per cent from Rs 5.5 lakh crore to Rs 7.5 lakh crore in the Union Budget, which is more than…
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After mobile phones, India eyes smartwatches, earbuds manufacturing
New Delhi: After giving an impetus to mobile phones and laptop/tablet manufacturing locally, the government on Tuesday announced a new Phased Manufacturing Programme (PMP) for producing wrist wearable devices, hearable devices and…
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Rs 45K cr for Ken-Betwa interlinking of rivers project
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced Rs 44,605 crore for the implementation of Ken-Betwa river link project which is necessary for irrigation of Bundelkhand region, prompting critical remarks from…
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Rupee slips 17 paise to close at 74.82 against US dollar
Mumbai: The rupee pared its initial gains and settled 17 paise lower at 74.82 against US dollar on Tuesday as caution set in among forex market participants after the government in the…
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Global chip sales cross $500 bn for 1st time: Gartner
New Delhi: Worldwide semiconductor revenue increased 25.1 per cent in 2021 to total $583.5 billion, crossing the $500 billion threshold for the first time, a Gartner report showed on Monday. Samsung Electronics…
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Rupee jumps 45 paise to close at 74.62 against US dollar
Mumbai: The rupee surged 45 paise to close at 74.62 (provisional) against the US dollar on Monday supported by positive domestic equities and improved risk appetite. At the interbank forex market, the…