Business news
- World
September, historically, the worst month of the year for the US stock market
New York: September, which begins on Thursday, is historically the worst month of the year for the US stock market. The Dow and S&P 500 and fell sharply in September last year…
- Business
As fraudsters get smarter, RBI, banks get busy plugging loopholes
New Delhi: Banking frauds have taken varied dimensions with the passage of time. With the advent of digital age and online transactions, however, fraudsters too have upgraded their skills and latched on…
- Business
Bitcoin plunges below $20K, may reach $10K level this year
New Delhi: After showing some stabilisation in the last few weeks, world’s largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell’s keynote address. Bitcoin initially showed…
- Business
Meesho shutters Superstore grocery biz in India, 300 ‘lose’ jobs
New Delhi: Homegrown social commerce platform Meesho has reportedly shut down its grocery business called Superstore in more than 90 per cent of cities in India (except Nagpur and Mysuru), resulting in…
- Business
Indian-origin Twitter VP of engineering departs to join Meta
San Francisco: Senior Indian-origin Twitter executive Sandeep Pandey, vice president of engineering, is leaving the Parag Agrawal-led platform after more than a decade to join Meta (formerly Facebook). According to an Insider…
- Business
Rupee rises 6 paise to 79.86 against US dollar in early trade
Mumbai: The rupee appreciated 6 paise to 79.86 against the US dollar in opening trade on Friday, driven by foreign fund inflows and a firm trend in domestic equities. At the interbank…
- Business
Edible oil producers asked to declare net quantity in volume without temp
New Delhi: The Centre on Thursday advised the Edible Oil Manufacturers and importers to declare net quantity on edible oil in volume without temperature in addition to declaring the same in weight. The…
- Business
Flexible workplaces are the need for future: PM Modi
New Delhi: Prime Minister Narendra Modi on Thursday said the future needs flexible workplaces, a work-from-home ecosystem and flexible work hours, adding that these should be used as opportunities for women’s labour…
- Business
RBI lifts business curbs imposed on American Express Banking Corp
Mumbai: The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central…
- Business
Rupee ends 5 paise lower at 79.81 against US dollar
Mumbai: The rupee ended 5 paise lower at 79.81 against the US dollar on Wednesday on the back of foreign investor inflows and corporate flows, dealers said. At the interbank foreign exchange…
- Business
Oil Ministry finalising report suggesting ways to cut crude dependency by 2024-25
New Delhi: The Union Petroleum Ministry is finalising a report which would suggest a comprehensive strategy to reduce import dependency on crude, gas and coal by 2024-25, as per sources aware of…
- Business
GDP growth projected to spike to four-quarter high 13.0% in Q1 FY2023: ICRA
Mumbai: GDP growth is expected to expand in double digits at 13 per cent in Q1FY23 due to low base and robust recovery in the contact-intensive sectors following the widening vaccination coverage,…
- Business
Amazon opens new delivery station in UP
Lucknow: Amazon India on Tuesday announced the launch of a new delivery station in Ghaziabad, Uttar Pradesh. Spread across 22,000 square feet, the new station will enable Amazon to further strengthen its…
- Business
Rupee ends flat at 79.86 against US dollar
Mumbai: The Indian rupee ended flat, at 79.86, against the US dollar on Tuesday as the central bank’s intervention and foreign investors flows kept the dollar demand well filled. At the interbank…
- Business
Apple, Google, Netflix, Amazon India execs to depose before Par panel
New Delhi: Top executives of the Indian arms of Apple, Google, Amazon, Netflix and Microsoft are scheduled to depose before a parliamentary panel looking into anti-competitive practices in the digital space later on…
