Business news
- Business
Online searches for 5G smartphones up 2 times in India
New Delhi: There has been nearly 2 times increase in searches for 5G smartphones on Flipkart in the first half of 2022 compared to the same period last year, the e-commerce platform…
- Business
Rupee gains 4 paise to 79.80 against US dollar in early trade
Mumbai: The rupee appreciated 4 paise to 79.80 against the US dollar in opening trade on Monday, supported by receding crude prices in global markets and weakness in the American currency overseas.…
- Business
Apple CFO Luca Maestri sells stock worth $16.9 mn
San Francisco: Apple’s Chief Financial Officer Luca Maestri has sold shares worth $16.9 million as part of an arranged trading plan. According to a filing with the US Securities and Exchange Commission…
- Business
Foreign exchange reserves decline to USD 570.74 bn
Mumbai: The country’s foreign exchange reserves fell USD 2.238 billion to USD 570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data. In the previous…
- Business
Govt hikes windfall profit tax on export of diesel; cuts tax on domestic crude oil
New Delhi: The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed…
- Business
Rupee falls 19 paise to 79.64 against US dollar
Mumbai: The rupee depreciated 19 paise to close at 79.64 against the US dollar on Thursday as a strong American currency overseas and rebound in crude oil prices weighed on the investor…
- Technology
India’s semiconductor component market to reach $300 bn by 2026
New Delhi: India’s semiconductor component market is likel to reach $300 billion in cumulative revenues by 2026, as ‘Make in India’ and production-linked incentive (PLI) schemes will boost local sourcing of semi-components…
- India
International Business Summit 2022 begins; to help Muslims understand the market better
Hyderabad: A concerted effort is on to provide a platform to minority-led businesses to grow and prosper in the country. A paradigm shift is sought to be brought about in the Muslim…
- Business
India’s seafood exports rise 15pc to USD 1.99 billion in June quarter: Official
Kolkata: India’s seafood exports rose 15 per cent on-year to USD 1.99 billion in the first quarter ended June 2022, a senior official said on Friday. “In 2021-22, total exports were 7.76…
- Business
Exports up 2.14pc to USD 36.27 bn in July; trade deficit at record USD 30 bn
New Delhi: India’s exports rose by 2.14 per cent to USD 36.27 billion in July while the trade deficit almost tripled to USD 30 billion during the month due to over 70…
- Business
Rupee falls 9 paise to 79.71 against US dollar in early trade
Mumbai: The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil…
- Business
Adani Group to invest Rs 57,575 crore in alumina mill in Odisha
New Delhi: Adani group will invest Rs 57,575 crore in setting up an alumina refinery in Odisha as the conglomerate run by richest Indian Gautam Adani adds one more business. In a…
- Business
Binance ceases off-chain fund transfer with WazirX after ED raids
New Delhi: The world’s largest crypto exchange Binance, that disowned the Nischal Shetty-run crypto platform WazirX, on Monday said that it is removing the off-chain fund transfer channel between WazirX and Binance.…
- Business
Rupee falls 22 paise to 79.46 against US dollar in early trade
Mumbai: The rupee depreciated 22 paise to 79.46 against the US dollar in early trade on Monday, tracking subdued sentiment in the domestic equities. However, persistent foreign fund inflows into the capital…
- Business
Rupee gains 46 paise to 78.94 against US dollar ahead of RBI policy outcome
Mumbai: The rupee appreciated 46 paise to 78.94 against the US dollar in early trade on Friday ahead of the Reserve Bank of India’s policy meeting outcome. At the interbank foreign exchange,…
