Business
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RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley
Mumbai: The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to…
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Gautam Adani becomes second richest person in the world – Know details
Mumbai: Adani Group’s chairman Gautam Adani on Friday became the first Indian to become the second richest person in the world. With a net worth of $154.8 billion, he bagged the second…
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IRCTC causing loss to exchequer by not issuing invoice: Tax consultant
Chandigarh: The Indian Railway Catering and Tourism Corporation (IRCTC), a public sector undertaking under the Ministry of Railways, is causing loss to the exchequer by not issuing invoice to the consumers for…
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SBI says it’s not a nodal bank for Russia-related transactions
New Delhi :The country’s largest lender, State Bank of India (SBI) on Thursday clarified that it has not been identified as a nodal bank for handling Russia-related transactions. The clarification by the…
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Indian diplomats upset with Punjab CM’s false claim on BMW setting manufacturing plant
New Delhi: The diplomats in the External Affairs Ministry in India and the abroad are upset with the claims made by the Punjab Chief Minister Bhagwant Mann about setting up of a…
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Adani Ports to enhance capacity of Bengal’s Haldia dock
Ahmedabad: HDC Bulk Terminal Ltd (HBTL), a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated transport utility and part of the Adani Group, has signed the…
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5G service to be rolled out in Odisha in first phase: Vaishnaw
Bhubaneswar: High-speed 5G services will be rolled out in many parts of the country, including Odisha, very soon, Communications and IT Minister Ashwini Vaishnaw said on Thursday. Interacting with reporters in Puri,…
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Malware in 28 games like Roblox, Minecraft exploit 384K players’ financial data
New Delhi: Popular games like Roblox, FIFA, PUBG and Minecraft are among 28 games that were exploited by malware between July 2021 and June this year, affecting more than 384,000 users via…
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Oracle Cloud biz sees 100% growth in India, doubles customer base
New Delhi: Cloud major Oracle on Thursday said its India business saw a tremendous growth in the first quarter of FY23, with the Oracle Cloud Unit (OCI) clocking over 100 per cent…
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Saudi overtakes Russia to become India’s second biggest oil supplier
Riyadh: After a three-month gap, the Kingdom of Saudi Arabia (KSA) has overtaken Russia by a narrow margin to become India’s second-biggest supplier of oil behind Iraq in August 2022. According to…
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Air India puts in place transformation plan; aims 30 pc domestic mkt share in 5 years
New Delhi: Air India aims to have a domestic market share of 30 per cent and significantly strengthen its international operations in next five years, with the Tatas-owned airline putting in place a…
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GDP growth, relative to pre-Covid levels, to double to 8.0% in Q2 FY2023: ICRA
Mumbai: The gross domestic product (GDP) is expected to grow double to 8 per cent in Q2FY23, from 3.8 per cent in Q1FY23, according to the ICRA estimates. “We project the GDP…
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Indian telecom players to follow China’s 5G call route:CLSA
Chennai: Indian mobile phone service providers will follow China’s 5G and industrial internet line, said CLSA Ltd in a research report. According to the report, Reliance Jio and Bharti Airtel will consolidate…
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Cyber attacks among the biggest risks we face: Saudi Aramco CEO
Riyadh: The CEO of Saudi oil company, Aramco said at a Global Artificial Intelligence Summit in Riyadh on Tuesday that cyber attacks are one of the biggest risks facing Aramco. Amin Hassan…
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European Union proposes $140 bn windfall tax on energy companies
London: The European Union wants to raise $140 billion by tapping the windfall profits of some energy companies to help households and businesses pay eye-watering gas and electricity bills, media reports said.…
