Business
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Equities start week on positive note; Sensex up 936 pts
New Delhi: The rally in equity indices continued from the past week to settle sharply higher on Monday. “Markets started the week on a buoyant note and gained over one and a…
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BharatPe aims to disburse Rs 500 cr in gold loan by 2022 end
New Delhi: Fintech platform BharatPe on Monday announced the launch of gold loan for its merchant partners, marking its foray into the secured loans category with an aim to disburse Rs 500…
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Maserati Boomerang turns 50
New Delhi: A dream car, an extreme, futuristic, almost irrational model capable of remaining imprinted on the memory of every single fan has been around from half a century, since 9 March…
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First Covid and now Ukraine, global markets reel under blow after blow
New Delhi: The only positive consequence of a continuing conflict in Ukraine from a market standpoint is that the longer it goes the more likely it is to temper the recently conceived…
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Sunflower oil shortage boon for palm oil producers, bane for consumers
New Delhi: Shortage of sunflower oil amid the ongoing Russia-Ukraine war has sent crude palm oil prices through the roof. The geo-political worries in the Black Sea region has a significant bearing…
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With crude hovering around $95-$130, fuel price hike inevitable
New Delhi: Continued hostilities between Russia and Ukraine as well as rising demand is expected to keep global crude oil prices in the range of $95-$125 per barrel in the short to…
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RBI lifts restrictions on HDFC Bank’s ‘Digital 2.0’ plan
New Delhi: The Reserve Bank of India has lifted the restrictions on the business generating activities planned under HDFC Bank’s ‘Digital 2.0’ programme. “We wish to inform you that the RBI vide…
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Global True Wireless Stereo market reaches 300 mn units in 2021
New Delhi: The global True Wireless Stereo (TWS) hearables market shipments in 2021 grew 24 per cent in unit sales to reach 300 million and 25 per cent in terms of value,…
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Here is how close relatives helped Grover siphon off BharatPe funds
New Delhi: Amid the hullabaloo over Ashneer and Madhuri Jain Grover and their tussle with BharatPe, the admin head at the fintech firm who was Madhuri Jain’s close relative and allegedly involved…
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Higher cost, supply side constraints dent Feb auto sales
New Delhi: Higher cost along with supply side constraints, impacted India’s domestic auto sector sales in February 2022 on a year-on-year basis. Accordingly, the sector’s February off-take of passenger cars, two-and-three wheelers…
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RBI asks Paytm Payments Bank to stop opening new accounts
Mumbai: The RBI on Friday asked Paytm Payments Bank to stop opening new accounts amid “material supervisory concerns” observed in the bank. “Reserve Bank of India has today, in the exercise of…
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Delhi HC directs DMRC to pay DAMPEL’s entire arbitral award amount
New Delhi: In a major setback to the DMRC, the Delhi High Court on Thursday asked it to pay the entire arbitral amount to the Delhi Airport Metro Express Pvt Ltd (DAMEPL)…
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BharatPe ready for any preliminary govt probe, to comply with law
New Delhi: After reports surfaced that government regulators may expand their probe into BharatPe’s financial books after the Ashneer-Madhuri Grover saga that rattled the startup ecosystem, sources close to the developments said…
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India’s GDP growth expected at 7.8% next fiscal: Crisil
New Delhi: India’s gross domestic product (GDP) growth is expected to come in at 7.8 per cent in fiscal 2023, said ratings agency Crisil. According to the ratings agency, any potential upside…
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Patna HC seeks SEBI reply regarding payments to Sahara’s investors
New Delhi: The Patna High Court has directed Securities and Exchange Board of India (SEBI) to file its response, in writing on or before March 25, on the matter pertaining to repayment…