Business
-
Rise in Covid cases to delay demand recovery in global oil market
Mumbai: Fresh surge in Covid-19 cases, eventual lockdowns is likely to delay the demand recovery in the global oil market, said an ICICI Securities report. It however, noted that with ‘OPEC+’ capping supply…
-
72mn households worldwide to own 8K TV by 2025: Report
San Francisco: The adoption of 8K TV will begin to build momentum over the next few years, reaching 72 million households worldwide by 2025, a new report has said. According to a forecast…
-
Fuel prices unchanged for 12th straight day
New Delhi: Oil marketing companies (OMC) kept petrol and diesel prices unchanged for the 12th straight day across the four metro cities on Sunday. In the national capital, petrol was sold for Rs…
-
Pharmaceutical market rebounds in March at 10.3 pc: Ind-Ra
Mumbai: India Ratings and Research (Ind-Ra) has said the 10.3 per cent year-on-year growth of India’s pharmaceutical market during March was led by volume growth of 1.6 per cent, price growth of…
-
India’s exports rise by 297 per cent in first week of April
New Delhi: India’s goods exports posted a 297.2 per cent increase (year-on-year) in the first seven days of this fiscal to $6.79 billion and by 8.42 per cent (YoY) over the corresponding…
-
Centre may redraw bank recapitalisation plan in wake of new challenges
New Delhi: The government may redraw the recapitalisation roadmap for public sector banks (PSB) in the current fiscal as the institutions face additional burden to meet interest on interest obligation for all its…
-
China slaps record $2.8 billion fine on Alibaba after antitrust probe
Hong Kong: Chinese regulators on Saturday slapped a record fine of 18.2 billion yuan (2.8 billion dollars) on e-commerce giant Alibaba Group Holding after a months-long antitrust investigation that was initiated on…
-
Bajaj Finserv EMI Store announces special cashback offers on LED TVs
Pune: This cricket season, those looking to get a stadium like feel from the comfort of their home can purchase the latest LED TVs on No Cost EMI starting Rs 999 from…
-
Bill Hwang, the businessman who lost it all in 2 days
Bill Hwang, a veteran stock trader and hedge fund manager, amassed billions of dollars in net worth over the years, before he lost it all-all $20 billion-Bill Hwang was the greatest trader…
-
Rupee slips for 5th straight session, down 15 paise at 74.73 against USD
Mumbai: The rupee fell for the fifth straight session and settled 15 paise down at 74.73 (provisional) against the US dollar on Friday as rising COVID-19 cases, weak domestic equities and strengthening American…
-
Hyundai expands key plant suspension on chip shortage
Seoul: Hyundai Motor said on Friday it will temporarily suspend another domestic plant next week due to an electronic parts shortage. Hyundai will halt the operation of the Asan plant, 100 kilometers south…
-
FY21 net tax collection at Rs 9.45L cr, exceeds revised estimates
New Delhi: The provisional figures of direct tax collections for the financial year 2020-21 showed that net collections are at Rs 9.45 lakh crore. The net collection is around 5 per cent higher…
-
Number of multi-millionaires in Hong Kong reaches new high
Hong Kong: A survey released by Citibank Hong Kong showed that the number of multi-millionaires in Hong Kong has reached 515,000, up 2.18 per cent compared with the previous survey released in September…
-
COVID-19: New app launched by T-Hub healthcare startup for kids
Hyderabad: T-Hub based startup CurieDoc on Thursday launched its app, which provides healthcare plans especially for children, without having to visit hospitals. The mobile application has been developed by the company’s founders,…
-
‘Covid resurgence likely to delay airport passenger recovery’
Mumbai: The rapid increase in new cases is credit negative for Indian airports, given the adverse impact on passenger and aircraft traffic, the key revenue driver for the sector, Moody’s Investors Service said…
-
Housing sales rise 12% in Jan-March: PropTiger report
New Delhi: As property demand gained momentum, housing sales increased 12 per cent during January-March compared to the previous quarter, according to a report by PropTiger.com. The report noted that various measures taken…
-
Sensex up 400 points, reclaims 50,000
Mumbai: The key Indian equity indices traded in the green on Thursday morning with the BSE Sensex rising over 400 points to reclaim the 50,000-mark. Around 10 a.m., Sensex was trading at…
-
Petrol, diesel prices remain unchanged on Thursday
New Delhi: Fuel prices in the country remained unchanged on Thursday with oil marketing companies continuing on the pause mode and keeping petrol and diesel prices static for the ninth consecutive day. Accordingly,…
-
Uber announces $250mn stimulus for drivers
San Francisco: With nearly 30 per cent of the population in the US now receiving at least one dose of the Covid-19 vaccine, ride-hailing major Uber has now announced a $250 million stimulus…
-
IT spending in India to reach $93B in 2021: Gartner
Mumbai: IT spending in India is projected to total $93 billion in 2021, an increase of 7.3 per cent from 2020, according to a forecast by Gartner on Wednesday. The growth in India…
-
RBI to publish Financial Inclusion Index
Mumbai: To measure the extent of financial inclusion in the country, the Reserve Bank of India will construct and periodically publish a “Financial Inclusion Index” (FI Index). The FI Index would be based…
-
RBI keeps interest rates on hold as Covid-19 cases surge
Mumbai: The Reserve Bank of India (RBI) on Wednesday kept key interest rates on hold and maintained an accommodative policy stance to nurture a fragile economic recovery amid a sharp new wave…
-
Mukesh Ambani India’s richest with $84.5 bn, Gautam Adani 2nd: Forbes
New Delhi: Reliance Industries Chairman Mukesh Ambani topped the Forbes list of India’s 10 richest billionaires with a net worth of $84.5 billion, followed by Adani Group chief Gautam Adani. Amid the Covid-19…
-
Indian economy to grow at historic 12.5%, but COVID wave ‘concerning’: IMF
United Nations: India’s economy is projected to grow at the historically high level of 12.5 per cent this fiscal year, but the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath cautioned that the…
-
No change in petrol, diesel prices for full week
New Delhi: Fuel prices in the country remained unchanged on Tuesday with oil marketing companies continuing on the pause mode and keeping petrol and diesel prices unchanged for seven consecutive day. Accordingly, pump…
-
Stock market saw sectoral rotation between 1st, 2nd half of FY21
Mumbai: As the Indian equity market surged to new highs in just-ended financial year 2020-21, a look at the market trend shows that the robust performance of stocks took place on a rotational…
-
‘Make in India’ epitomises challenges to trade relationship: US
New Delhi: The United States has said that the recent Indian emphasis on import substitution through a “Make in India” campaign has epitomised the challenges facing the bilateral trade relationship. These comments are…
-
T-Hub launches fifth batch of its Flagship Program; selects 30 start-ups
Hyderabad: T-Hub, today announced the launch of the fifth edition of its flagship pre-acceleration program, Lab32 by taking 30 startups on board. The startups will receive consultation from leading experts on business goals…
-
Flipkart partners with EDEL to accelerate deployment of EVs
Bengaluru: E-commerce marketplace Flipkart said on Tuesday it has partnered with Mahindra Logistics Ltd (MLL) as one of its key logistics partners to help fast track deployment of electric vehicles across its…
-
LG Electronics exits from loss-making mobile biz
Seoul/New Delhi: LG Electronics said on Monday that it will withdraw from the mobile business after years of money-losing performance amid intensifying competition with bigger rivals. The South Korean tech powerhouse said in…
