Business news
- Business
Rupee rises 5 paise to close at 82.19 against US dollar
Mumbai: The rupee reversed intra-day losses and closed 5 paise higher at 82.19 against the US dollar on Friday amid a firm greenback overseas and sliding crude oil prices. At the interbank…
- Business
Sensex zooms amid global rebound; closes slightly lower for the week
Mumbai: Equity benchmarks Sensex and Nifty ratcheted higher on Friday, boosted by heavy buying in Infosys, banking and finance stocks amid a rally in global stock markets. After soaring nearly 1,200 points…
- Business
World dangerously close to recession, warns World Bank President
Washington: World Bank President David Malpass on Thursday warned that the global economy is “dangerously close” to a recession and called for targeted support for the poor. “The growth rate, we’ve lowered…
- Business
Forex reserves rise USD 204 mn to USD 532.868 bn
Mumbai: India’s forex reserves rose by USD 204 million to USD 532.868 billion for the week ended October 7 on an increase in the value of gold holdings, the Reserve Bank said…
- Business
PhonePe enables Online Dispute Resolution (ODR) platform for UPI
Bengaluru: India’s leading FinTech platform PhonePe on Friday announced the enablement of the UPI Unified Dispute and Issue Resolution (UDIR) system. This has led to a significant improvement in the dispute resolution…
- Business
Global economy faces confluence of challenges: Nirmala Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman said that the global economy today faces a confluence of challenges and it is everybody’s collective responsibility to prevent the risks from aggravating. While addressing…
- Business
Sensex, Nifty decline as rate hike worries hit banking, realty shares
Mumbai: Key stock indices Sensex and Nifty declined over half a per cent on Thursday due to selling in financials, auto and realty shares after five-month high inflation fanned rate hike fears.…
- Business
Gold gains Rs 42; silver drops Rs 493
New Delhi: Gold prices in the national capital rose by Rs 42 to Rs 51,255 per 10 grams on Thursday amid a rise in the prices of the precious metal in the…
- Business
Netflix signs up with BARB to reveal streaming viewership numbers
New Delhi: Netflix has collaborated with the UK TV rating agency BARB to reveal how many people are watching its streaming shows and movies. From the second week of November, BARB will…
- Business
Toyota admits 300,000 customers’ data was leaked for 5 years
Tokyo: Automaker Toyota has revealed that personal information of nearly 300,000 customers may have been exposed since July 2017. In a statement, the car maker said that e-mail addresses and customer management…
- Business
Dragonfly Energy completes SPAC listing to boost solid state battery biz
San Francisco: Battery technology company Dragonfly Energy has completed a listing through a merger with a special purpose acquisition company (SPAC). Dragonfly Energy, an industry leader in energy storage and producer of…
- India
India’s debt ratio projected to be 84 per cent of its GDP: IMF
Washington: India’s debt ratio is projected to be 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little…
- Business
Gold falls Rs 20; silver declines Rs 473
New Delhi: Gold prices in the national capital fell by Rs 20 to Rs 51,155 per 10 grams on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had…
- Business
Retail inflation rises to 7.41 pc in September on costlier food items
New Delhi: Retail inflation spiked to 7.41 per cent in September, mainly due to costlier food items. For the ninth month in a row, retail inflation has remained above the Reserve Bank…
- Business
Rupee falls 14 paise to 82.35 against US dollar in early trade
Mumbai: The rupee depreciated 14 paise to 82.35 against the US dollar in the morning trade on Wednesday amid the strengthening of the American currency and sustained foreign fund outflows. Moreover, risk…
