Business news
- Business
Inflation and supply disruptions top risks for Emerging Asia: Moody’s
New Delhi : Inflation and supply chain disruptions are the biggest risks over the next 12-18 months in Emerging Asia — China, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, according to…
- Business
Reliance Capital bidders seek extension of time for submission of binding bids
Mumbai: Reliance Capital bidders have sought an extension of time for submission of binding bids. According to sources, Piramal Finance has sought extension by 12 weeks, while Advent has sought time till…
- Business
Retail second most targeted industry by ransomware globally
New Delhi: Retail was the second-most targeted industry by ransomware last year of all sectors, after media, leisure and entertainment sectors, a report has shown. Globally, 77 per cent of retail organisations…
- Technology
Alphabet’s Verily raises $1 bn to tap growing healthcare sector
San Francisco: Verily, the life sciences business of Google’s parent company Alphabet, has raised $1 billion that will be used to expand its data-driven healthcare products tailored to individuals. Led by Alphabet,…
- Business
Intel kicks off work on $20 bn semiconductor plant in US
San Francisco: Intel has kicked off work on the new $20 billion semiconductor plant in the Ohio state in US, as President Joe Biden joined the chip-maker and Ohio Governor Mike DeWine…
- News
81.50 can be lowest point as dollar index trend has been bullish: Jateen Trivedi
Mumbai: Jateen Trivedi, VP Research Analyst at LKP Securities, has said that 81.50 can be the lowest point for rupee as the dollar index trend has been bullish. In the last three…
- Business
Is 7.5% possible? Downside risks increasing for India’s GDP growth forecast
New Delhi: India’s double-digit annualised growth is impressive prima facie, but the actual print is around 2 per cent lower than market expectations and is also accompanied by weak sequential momentum, Acuite…
- Business
Amazon acquires Cloostermans to bolster its robotics operations
San Francisco: Amazon on Friday announced to acquire Belgium-based Cloostermans, that designs and manufactures mechatronics solutions, for an undisclosed sum. With the acquisition of Cloostermans, Amazon said it will continue to invest…
- Business
Government imposes 20% export duty on rice
New Delhi: Owing to poor rain in major rice producing states like Uttar Pradesh, Bihar and West Bengal, the Centre on Thursday imposed 20 per cent duty on export of various grades…
- Business
Rupee gains 19 paise to close at 79.71 against US dollar
Mumbai: The Indian rupee ended 19 paise higher on Thursday due to easing Brent crude oil price in the international market and inflows of foreign investors, dealers said. At the interbank foreign…
- Business
Rupee has held its own despite sharp depreciation in other currencies: RBI Governor
New Delhi: Despite extreme volatility in global stock markets, especially after US Federal Reserve chairman Jerome Powell’s Jackson Hole symposium remarks last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said…
- Business
India’s external debt rose 8.2% in 2021-22 to $620 billion
New Delhi: India’s external debt rose by 8.2 per cent to stand at $620.7 billion on March 31, 2022, compared to $573.7 billon on March 31, 2021. Out of this, 53.2 per…
- Business
Rupee declines 13 paise to 79.95 against US dollar on rate hike worries
Mumbai: The rupee declined by 13 paise to close at 79.95 against the US currency on Wednesday as growing expectations of aggressive interest rate hikes by the US Fed drove the greenback…
- Business
Indian stocks decline in early trade on likely further rate hikes in US
New Delhi : Indian stocks started Wednesday’s trade on a negative primarily due to a lack of any positive cues coupled with a strong likelihood of aggressive rate hikes in the US…
- Business
No bids invited for running passenger trains on PPP mode: Railways
New Delhi: The Ministry of Railways on Tuesday said it has no plans to invite bids for running passenger trains on Public Private Partnership (PPP) mode. A news item published in a…
