Business
-
Credit growth outpaced deposit growth of banks in June: RBI
Chennai: Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022…
-
Saudi records highest oil exports in its history during June 2022
Riyadh: The Kingdom of Saudi Arabia’s oil exports during the month of June on an annual basis jumped by 94.1 per cent, to reach about 117.7 billion riyals (about 31.32 billion dollars),…
-
Rupee ends 7 paise higher at 79.88 against US dollar
Mumbai: The rupee ended 7 paise higher at 79.88 against the US dollar on Thursday. At the interbank foreign exchange market, rupee ended at 79.88 against the US dollar, as against 79.81…
-
NSE case: Delhi court reserves order on Chitra Ramkrishna’s bail plea
New Delhi: A Delhi court on Thursday reserved its order on the bail plea of National Stock Exchange’s (NSE) former CEO and MD Chitra Ramkrishna, who was arrested in connection with a…
-
RBI lifts business curbs imposed on American Express Banking Corp
Mumbai: The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central…
-
Rupee ends 5 paise lower at 79.81 against US dollar
Mumbai: The rupee ended 5 paise lower at 79.81 against the US dollar on Wednesday on the back of foreign investor inflows and corporate flows, dealers said. At the interbank foreign exchange…
-
Oil Ministry finalising report suggesting ways to cut crude dependency by 2024-25
New Delhi: The Union Petroleum Ministry is finalising a report which would suggest a comprehensive strategy to reduce import dependency on crude, gas and coal by 2024-25, as per sources aware of…
-
Rupee slips 3 paise to 79.86 against US dollar
Mumbai: The rupee consolidated in a narrow range and depreciated 3 paise to close at 79.86 against the US dollar on Wednesday. At the interbank foreign exchange market, the domestic currency opened…
-
Hyundai Motor chief visits US amid new EV tax break law
Seoul: Hyundai Motor said on Wednesday that its Chairman Chung Euisun was visiting the US amid growing concerns over a new law excluding electric vehicles (EVs) built outside the country from tax…
-
India application software spending to reach $4.7 bn in 2022
Mumbai: End-user spending on enterprise application software in India is likely to total $4.7 billion in 2022, an increase of 14.8 per cent from 2021, a Gartner report said on Wednesday. However,…
-
Scammers create ‘Deepfake’ of Binance executive, meet his contacts
New Delhi: World’s largest crypto exchange Binance’s chief communications officer Patrick Hillmann has revealed that online scammers made a Deepfake profile of him and tricked crypto community members into online meetings with…
-
NDTV stock rises 5%; hits upper circuit limit on Adani group takeover bid
New Delhi: NDTV’s share price rose 5 per cent, hitting the upper circuit in opening trade on Wednesday, a day after the Adani group launched a hostile bid to take over the…
-
GDP growth projected to spike to four-quarter high 13.0% in Q1 FY2023: ICRA
Mumbai: GDP growth is expected to expand in double digits at 13 per cent in Q1FY23 due to low base and robust recovery in the contact-intensive sectors following the widening vaccination coverage,…
-
Amazon opens new delivery station in UP
Lucknow: Amazon India on Tuesday announced the launch of a new delivery station in Ghaziabad, Uttar Pradesh. Spread across 22,000 square feet, the new station will enable Amazon to further strengthen its…
-
Rupee ends flat at 79.86 against US dollar
Mumbai: The Indian rupee ended flat, at 79.86, against the US dollar on Tuesday as the central bank’s intervention and foreign investors flows kept the dollar demand well filled. At the interbank…
