Business news
- Business
With 950 billionaires, Asia outnumbers all other regions
Tokyo: When it comes to the number of billionaires by region, Asia now has 951 outnumbering all other regions. North America has 777 billionaires and Europe, 536. A region-by-region analysis of assets…
- Business
Sensex, Nifty rebound over 2 pc amid relief rally in global markets
Mumbai: Benchmark indices Sensex and Nifty bounced back on Tuesday to close over 2 per cent higher amid positive trends in global equity markets. The 30-share BSE Sensex spurted 1,276.66 points or…
- Business
Gold jumps Rs 980; silver zooms Rs 3,790
New Delhi: Gold prices in the national capital jumped Rs 980 to Rs 51,718 per 10 grams on Tuesday amid a rally in the prices of precious metal in the international market,…
- Business
Slow recovery of low income households slowed down India’s economic recovery
Chennai: The slow economic recovery of the low income households post Covid-19 pandemic has resulted in the overall economic recovery of the country, said Kotak Securities Ltd. In a research report, Kotak…
- Business
Samsung may unveil affordable Galaxy A54 next year
Seoul: South Korean tech giant Samsung is reportedly working on a new affordable Galaxy A-series smartphone that will likely sport a 50MP primary camera sensor. According to GizmoChina, the device is currently…
- Technology
Meta settles lawsuits with 2 firms engaged in scraping its data
San Francisco: Meta (formerly Facebook) has settled a lawsuit for “significant sum” against two companies that were engaged in data scraping operations on its platforms. Israel-based BrandTotal and US-incorporated Unimania, agreed to…
- Business
Rupee falls 49 paise against US dollar
Mumbai: Increasing crude prices and demand for dollars resulted in Indian rupee falling by 49 paise to touch Rs 81.89 against the greenback. The crude prices increased with oil producers indicating lowering…
- Business
CNG price shoots up by Rs 6 to Rs 86/kg; PNG up by Rs 4 to Rs 52.50/SCM
Mumbai: City gas utility Mahanagar Gas has increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by Rs 6/kg and by Rs 4/ SCM respectively in and…
- Business
Rupee declines by 42 paise to 81.82 against dollar on spike in crude oil
Mumbai: The rupee fell by 42 paise to close at 81.82 against the US dollar on Monday, snapping its two-session gaining streak as heavy selling in domestic equities and a spike in…
- Business
India’s GDP growth to decline to 5.7 pc in 2022: UNCTAD
United Nations: India’s economic growth is expected to decline to 5.7 per cent this year from 8.2 per cent in 2021, a top UN agency projected on Monday, citing higher financing cost…
- Business
PayU calls off $4.7 bn acquisition of Indian fintech major BillDesk
New Delhi: In a significant move, PayU (owned by Prosus) on Monday called off the $4.7 billion acquisition of Indian digital payments provider BillDesk, saying that “certain conditions precedent were not fulfilled”…
- Business
Protest intensifies in TN’s Kancheepuram against airport project at Parandur
Chennai: Protests against the proposed airport at Parandur have intensified in Tamil Nadu’s Kancheepuram district with the grama sabha meeting passing a resolution against it. The resolution was passed by Ekanpuram villagers…
- Technology
Tesla delivers record 343,830 vehicles in Q3, Musk elated
San Francisco: Electric car-maker Tesla delivered a record 343,830 vehicles in the third quarter (Q3), after a weak performance in the second quarter owing to Covid shutdowns especially in China. The company…
- Business
Rupee falls 38 paise to 81.78 against US dollar
Mumbai: The rupee depreciated 38 paise to 81.78 against the US dollar in early trade on Monday, tracking a muted trend in domestic equities and risk-off sentiment among investors. Besides, surging crude prices…
- Business
RBI rate hike on expected line, says Kerala Inc
Kochi: Leading industrialists and bankers in Kerala have welcomed the rate hike decision taken by the Reserve Bank of India’s Monetary Policy Committee (MPC), as they say these measures are timely and…
