Business
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Infosys’ Q4FY22 net profit up 12% YoY to Rs 5,686 crore
New Delhi: IT services company Infosys on Wednesday reported a 12 percent year-on-year rise in consolidated net profit at Rs 5,686 crore during Q4FY22. In the same period last year, the net…
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Equity indices open positive despite high inflation in March
New Delhi: Indian benchmark equity indices opened on a positive note despite inflation print for March coming more than market expectations. Retail inflation for March came at 6.95 per cent, which has…
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Rupee slips 6 paise to 76.21 against US dollar in early trade
Mumbai: The rupee started on a muted note and slipped 6 paise to 76.21 against the US dollar in early trade on Wednesday, tracking the strength of the dollar in the overseas…
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Top US trade body to help India become global chip manufacturing hub
New Delhi: As India doubles down on local semiconductor manufacturing, the Semiconductor Industry Association (SIA), which is the top trade association representing the US semiconductor industry, on Tuesday joined hands with the…
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US inflation hits 40-year high
London: The US inflation rate hit a 40-year high in the year to March after fuel prices soared during the first full month of the Ukraine war, BBC reported. Consumer prices surged…
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Rupee falls 24 paise to close at 76.15 against US dollar
Mumbai: The rupee fell 24 paise to close at 76.15 against the US dollar on Tuesday, tracking strong American currency in the overseas market and a negative trend in domestic equities. Forex…
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India’s EV segment presents Rs 3 lk cr opportunity in next 5 yrs
New Delhi: The electric vehicles (EVs) segment presents an opportunity of almost Rs 3 lakh crore for various stakeholders in India during the next five years through fiscal 2026. As per a…
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CoinSwitch Kuber temporarily disables rupee deposits
New Delhi: Crypto trading platform CoinSwitch Kuber has disabled all payments modes for crypto purchases on its platform, including bank transfers. Users of the CoinSwitch mobile app are no longer able to…
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Rupee falls 14 paise to 76.05 against US dollar in early trade
Mumbai: The rupee declined 14 paise to 76.05 against the US dollar in the opening trade on Tuesday tracking the strengthening of the American currency in the overseas market and a negative…
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Shares of Adani Group cos surge after $2 bn foreign investments
New Delhi: Shares of Adani Green Energy, Adani Transmission, and Adani Enterprises surged on Monday on an otherwise broader market. Adani Green Energy shares were locked in the 20 per cent upper…
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Green Wave: Maruti to fulfil CNG demand now, EVs in 2025
New Delhi: Automaker Maruti Suzuki is currently focused on the CNG segment to fulfil the demand triggered by rising petrol prices as well as heightened concerns over environmental protection. The automobile major…
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Garmin logs double-digit sales growth in India in 2021
New Delhi: Leading wearable brand Garmin India on Monday said it has registered double-digit revenue growth, backed by its popular range in the fitness and wellness segment especially the ‘VENU’ smartwatch, in…
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Sensex declines 400 points in early trade; Nifty tests 17,690 level
Mumbai: Equity benchmark indices opened on a muted note on Monday, with the Sensex falling nearly 400 points in early trade, dragged down by index heavyweights Infosys, Reliance Industries and HDFC twins…
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High oil prices to keep rupee on a slippery slope
New Delhi: High crude oil prices combined with fears of rising inflation are expected to keep the Indian rupee under pressure, next week. Lately, the Brent crude oil price has remained elevated…