Business
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Rapid decline in cash transactions as digital payments surge: RBI economist
New Delhi: In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 percent of consumer expenditure (as of March…
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Govt expands ‘Bharat’ brand with launch of chana whole and masur dal
New Delhi: On Wednesday, October 23, the Centre expanded its subsidised pulses programme, adding chana whole and masur dal under the ‘Bharat’ brand to check rising prices. Food and consumer affairs minister…
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Indian share market opens flat, HDFC Bank and TCS among top gainers
Mumbai: The Indian stock market opened flat on Wednesday as buying was seen in the IT, financial services, FMCG and metal sectors in the early trade. Sensex opened at 80,151.67 with a…
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SEBI notice to Adani firm over wrongful shareholding categorisation
New Delhi: Adani Energy Solutions Ltd (AESL), the power transmission arm of the Adani group, on Tuesday, October 22 said it has received a notice from SEBI alleging wrongful categorisation of certain…
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Hyundai Motor India shares drop over 7pc on first day of listing
Mumbai: The shares of Hyundai Motor India, the company that launched the country’s largest IPO, disappointed investors on the first day of listing on Tuesday, October 22 as the stock closed at…
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Govt unveils new system to block international calls posing as Indian numbers
New Delhi: The government on Tuesday, October 22 announced a new spam-tracking system to identify and block incoming international calls posing as Indian phone numbers. The system was made operational and within…
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Zomato reports 30 pc net profit loss in Q2, to raise Rs 8,500 cr via QIP
New Delhi: Online food aggregator Zomato on Tuesday, October 22 reported over 30 percent loss in net profit at Rs 176 crore (quarter-on-quarter) in the July-September period, from Rs 253 crore in…
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Ambuja cements acquires 47 pc stake in Orient cement for Rs 8,100 cr
New Delhi: Ambuja Cements, the cement and building material company of the diversified Adani Group, on Tuesday, October 22 announced to acquire of Orient Cement Ltd (OCL) at an equity value of…
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Paytm reports Rs 930 crore net profit after one-time gain
New Delhi: The shares of One 97 Communications Ltd (parent company of Paytm) slumped over 4 per cent on Tuesday after the fintech platform posted a net profit of Rs 930 crore…
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India’s growth story remains intact, real GDP likely to grow at 7.2 pc in FY25: RBI Guv
New Delhi: India’s growth story remains intact as its fundamental drivers – consumption and investment demand – are gaining momentum, the RBI Governor Shaktikanta Das has stressed, adding that the country is…
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Telangana HC bars rice millers from transferring their immovable assets till Nov 5
Hyderabad: The Telangana High Court has barred rice millers engaged in legal proceedings with the state government, from alienating their immovable properties till November 5, when the final verdict will be pronounced.…
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UAE retailer LuLu Group to sell 25% shares in IPO
In a significant move, United Arab Emirates (UAE) retail giant LuLu Group International on Monday, October 21, announced its plan to sell 25 percent of its shares through an initial public offering…
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Rupee gains 1 paisa to 84.06 against US dollar in early trade
Mumbai: The rupee showed a recovery from its lower level and gained marginally by 1 paisa to 84.06 against the US dollar in early trade on Monday, tracking positive cues from domestic…
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Hyundai Motor India set to make stock market debut after record IPO
New Delhi: The Indian subsidiary of South Korean automotive giant Hyundai Motor is set to make its stock market debut this week following a record initial public offering (IPO), according to industry…
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Maldivian President decides to introduce India’s UPI in Maldives
Male: Maldivian President Mohamed Muizzu has decided to take the necessary steps to introduce India’s Unified Payment Interface (UPI) in the Maldives. The move is expected to bring significant benefits to the…
