Business
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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…
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Number of space sector startups more than doubled in 2021: Economic Survey
Chennai: The number of new startups in the space sector more than doubled in 2021 to 47 as compared to the previous year numbers, said India’s Economic Survey that was released on…
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Rupee gains 15 paise to 74.92 against US dollar in early trade
Mumbai: The rupee appreciated 15 paise to 74.92 against the US dollar in opening trade on Monday, supported by the recovery in domestic equities. However, the surge in the rupee was restricted…
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Tesla lost USD 109 bn in single day amid weak outlook for 2022
New Delhi: Despite delivering a record number of cars in 2021, Elon Musk-run electric car maker Tesla lost nearly $109 billion in market valuation in a single day after its fourth-quarter earnings…
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Automakers to suffer from chip, labour shortages amid new Covid surges
New Delhi: With Covid-19 continuing to impact the global economy in its second year, the automotive semiconductor market will experience uneven shortages and tight supply amid labour shortfall, according to a new…
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India’s gold demand skyrockets to 797.3 tons in 2021: WGC
Mumbai: India’s gold consumption surged to 797.3 tonnes in 2021, on the back of recovery in consumer sentiments and pent-up demand post COVID-19-related disruptions and the bullish trend is set to continue…