Business news
- Business
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…
- Business
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…
- Business
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…
- Business
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,…
- Business
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…
- Business
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…
- Business
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.…
- Business
Tesla, Musk sued for misleading consumers over Autopilot, FSD claims
San Francisco: A Tesla owner has sued the electric car maker, saying the company and its CEO Elon Musk are “deceptively and misleadingly” marketing the Autopilot and “Full Self-Driving” software. Briggs Matsko…
- Business
India’s trade deficit widens 139% to $27.98 bn in August
New Delhi: India’s trade deficit in August widened by 139 per cent to $27.98 billion from $11.71 billion recorded during the corresponding period of last year. According to Commerce Ministry data, India’s…
- Business
SBI hits Rs 5 lakh crore market capitalisation
Mumbai: State-owned lender, State Bank of India (SBI) hit the Rs 5 lakh crore market capitalisation on Wednesday after its shares touched a record high of Rs 564.45. With this market capitalisation,…
- Business
Studies find online rummy suicides in TN highly exaggerated
Chennai: As the issue around online rummy becomes a highly political issue in Tamil Nadu, two independent studies have found that suicides in the state in the last one year attributed to…
- Business
Tesla installs record 4K EV supercharger stations globally
San Francisco: Tesla, an undisputed leader in the electric car market, has installed nearly 4,000 supercharger stations globally, growing 34 per cent year-on-year. According to data compiled by Finbold, Tesla had 3,971…
- Business
US court allows mega antitrust case against Google to proceed
San Francisco: A US court has allowed a larger antitrust case against Google to proceed that allege that the tech giant monopolised the ad-tech market and suppressed competition by its access to…
- Business
Amazon moves Delhi HC against Rs 1 lakh CCPA penalty in pressure cooker case
New Delhi: E-commerce giant Amazon on Tuesday moved the Delhi High Court against an order of the Central Consumer Protection Authority (CCPA) which imposed a cost of Rs 1 lakh on it…
- Business
Rupee over 1 month high against US dollar
Mumbai: The Indian rupee appreciated 40 paise to 79.12 against the US dollar during early trade on Tuesday following a decline in dollar and inflows from foreign investors, dealers said. The rupee…
