Business
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Personal loans from banks, NBFCs may get costlier as RBI tightens norms
Mumbai: The Reserve Bank on Thursday tightened norms for unsecured personal loans for banks and non-banking financial companies. The revised norms wherein risk weights have been increased by 25 percentage points will not…
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Several top large-cap stocks have hardly given any returns in past 2-3 yrs
New Delhi: Indian mega-cap stocks are in a bear market, with several top large-cap. stocks have hardly given any returns over the past 2-3 years, the Kotak Institutional Equities said in a…
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Sensex scales 66K mark with 400-point jump
New Delhi: BSE Sensex crossed the 66,000 mark on Thursday as the index moved up 400 points. BSE Sensex is trading above 66,000 points, NTPC leads the gains up by 2 percent,…
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Rupee jumps 24 paise against US dollar
Mumbai: The rupee appreciated 24 paise to close at 83.09 against the US dollar on Wednesday as the American currency retreated from its elevated levels after the US inflation came lower than…
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India’s trade deficit shoots up in Oct due to spike in oil prices
New Delhi: India’s merchandise trade deficit in October stood at $31.46 billion as the country’s imports shot up to $65.03 billion during the month which offset the increase in exports, Commerce Secretary…
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Sensex rallies on lower US inflation data
New Delhi: The October US inflation data is a gamechanger for the stock market. The 3.2 per cent October inflation print is lower than expected. More importantly, the mere 0.2 per cent…
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Tesla not to sue buyers for reselling Cybertruck, removes purchase clause
San Francisco: Elon Musk-run Tesla apparently will not sue Cybertruck buyers for reselling the vehicle within the first year of buying it. The controversial purchase clause appears to have been removed by…
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Alphabet pays 36% of Safari revenue to Apple, confirms Sundar Pichai
Washington: Google is paying Apple 36 per cent of Safari search engine revenue under the terms of a default search agreement, Alphabet CEO Sundar Pichai has confirmed. Testifying in a lawsuit filed…
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Hit by ransomware, China’s biggest lender pays hackers to ‘close deal’
The US arm of the Chinese state-owned commercial bank, Industrial and Commercial Bank of China (ICBC), which was hit by a ransomware attack on November 9 that disrupted trade in the US…
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Elections in 2024 to disrupt ‘calm’ Indian stocks: Morgan Stanley
New Delhi: The tranquility in India’s $3.7 trillion stock market is set to be broken as one of the world’s most populous nation heads to polls in about six months, according to…
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Tata Steel to axe 800 jobs at Dutch plant
New Delhi: Tata Steel said on Monday that it would axe around 800 jobs at its plant in the Netherlands to cut costs as it switches to green technology for bringing down…
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Indian stocks off to weak start to truncated trading week
New Delhi: Indian stocks opened the fresh week on a tepid note, after a one-hour bumper Muhurat trade on Diwali evening. Benchmark Nifty and Sensex were about 0.4 per cent lower each…
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Mobile operators to invest over $30 bn in open radio access networks by 2030
New Delhi: Mobile operators are likely to invest more than $30 billion in open RAN networks globally by 2030, representing a CAGR of 24 percent for the period, according to a latest…
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Investors expect markets to continue rising, say analysts
New Delhi: Indian indices rose in the Muhurat trading session in-line with most such sessions in the past, helped also by positive global cues. After a great year for broader equity markets,…
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Investors to focus on inflation data in the week ahead
New Delhi: Reflecting the mixed global sentiments on account of a more than expected fall in Chinese exports, highlighting a continued slowdown in global trade, the Indian market is mired to a…
