Business
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Sony shares slump after Microsoft’s largest buyout in gaming history
New Delhi: Shares of Japanese technology giant Sony have slumped in Tokyo trade after Microsoft said it plans to buy mega games company Activision Blizzard, BBC reported. The deal worth $68.7 bn,…
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Tata Motors to raise passenger vehicle prices
Mumbai: Automobile manufacturer Tata Motors will marginally increase the price of its passenger vehicles from Wednesday (January 19). According to the company, there will be an average increase of 0.9 per cent,…
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Reliance pumps in up to $132 mn in Noida-based robotics firm Addverb
New Delhi: Leading homegrown robotics company Addverb Technologies on Tuesday said that Reliance is investing up to $132 million in the company to become its largest shareholder. The funding will accelerate its…
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Agritech platform Arya.Ag raises $60 mn to bolster grain business
New Delhi: Integrated grain commerce platform Arya.ag on Tuesday said it has raised $60 million in its Series C round via a mix of equity and debt, and aims to capture 20…
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Sensex gains over 135 pts in early trade; Nifty tests 18,350
Mumbai: Equity benchmark Sensex climbed over 135 points in opening trade on Tuesday, tracking gains in index-majors ITC, Tech Mahindra and Bajaj Finserv amid a largely positive trend in the global markets.…
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Rupee falls 18 paise to 74.43 against US dollar in early trade
Mumbai: The rupee declined by 18 paise to 74.43 against the US dollar in opening trade on Tuesday, as strong American currency and elevated crude oil prices weighed on investor sentiments. Forex…
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Budget FY23: FADA seeks GST cut on two-wheeler, used car segments
New Delhi: The Federation of Automobile Dealers Associations (FADA) has urged the Centre to reduce GST on two-wheelers to boost sales volume. As part of its pre-Budget recommendations, the association sought GST…
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Rupee trades in a narrow range in early session against US dollar
Mumbai: The Indian rupee was trading in a narrow range in morning trade on Monday as elevated crude oil prices negated the impact of positive domestic equities. At the interbank foreign exchange,…
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CAIT urges Centre to exempt GST registration for e-commerce sales
New Delhi: The Confederation of All India Traders has requested Union Finance Minister Nirmala Sitharaman to waive mandatory GST registration for selling products through e-commerce platforms. GST runs contrary to the vision…
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EV owners can now charge vehicles using existing electricity connections
New Delhi: The Centre’s new guidelines for electric vehicle charging infrastructure now allow owners to charge their vehicles at their residences or offices using existing electricity connections. The new ‘revised consolidated guidelines…
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Sitharaman holds pre-budget consultations with BJP leaders
New Delhi: Union Finance Minister Nirmala Sitharaman on Sunday held pre-budget consultations with BJP leaders in which representatives from 25 states participated virtually and gave their suggestions on the budget. The meeting…
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HDFC Bank standalone net profit rises 18 pc to Rs 10,342 cr in Dec qtr
New Delhi: The country’s largest private sector HDFC Bank on Saturday reported an 18.1 per cent rise in its standalone net profit at Rs 10,342.20 crore for the quarter ended December 2021,…
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EV owners can charge vehicles using existing electricity line
New Delhi: The Centre’s new guidelines for electric vehicle charging infrastructure now allow owners to charge their vehicles at their residences or offices using existing electricity connections. The new ‘revised consolidated guidelines…
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Modi’s National Startup Day a new start for Indian entrepreneurs
New Delhi: With Prime Minister Narendra Modi announcing to celebrate January 16 as the National Startup Day, the meteoric rise of desi entrepreneurs in the past couple of years, which made global…
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HDFC Bank’s Q3FY22 YoY net profit up 18.1%
Mumbai: Lending major HDFC Bank on Saturday reported a year-on-year rise in net profit of 18.1 per cent for the third quarter of FY22. The bank’s net profit increased to Rs 10,342.2…
