Business news
- Business
Reserve Bank of India lifts restrictions on Mastercard
Mumbai: The RBI on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms. The central bank had barred the US-based payment…
- Business
Higher unemployment rate looms in US as Fed fights inflation: WSJ
New York: US Federal Reserve officials are beginning to signal that their efforts to tackle scorching inflation by raising interest rates may lead to higher unemployment, said an article published Monday by…
- Business
Asian markets fall sharply on likely US Fed action to rein inflation
Hong Kong: Asian stock markets have fallen sharply as soaring prices in America triggered fears the US Federal Reserve will take tougher action to rein in inflation. At the same time, the…
- Business
Bitcoin, Ethereum crash to record low amid crypto winter
New Delhi: The crypto winter hammered cryptocurrencies on Monday as the price of a single Bitcoin fell sharply to around $25,600, an 18-month low. The world’s largest cryptocurrency further tanked 7 per…
- Business
Myntra sells record-breaking 50 lakh products on Day 1 of EORS-16
Bengaluru: Myntra, one of India’s leading fashion, beauty and lifestyle destinations, on Monday said that the 16th edition of its flagship EORS-16 (End of Reason Sale) witnessed over 70 per cent growth…
- Business
Companies to spend $158 bn on environmental, social sustainability
New Delhi: Enterprises are likely to spend $158 billion on environmental, social, and governance (ESG business services in 2025 with a five-year compound annual growth rate (CAGR) of 32.3 per cent, a…
- Business
India provides Sri Lanka USD 55 mn credit line for fertiliser imports
Colombo: India has provided a USD 55 million Line of Credit to crisis-hit Sri Lanka for the import of fertiliser, in a bid to help the island nation tide over its worst…
- Business
African Union is India’s fourth largest trading partner
Johannesburg: The African Union is India’s fourth largest trading partner after the United States, China and the United Arab Emirates, propped up by diversification in Indian exports to the continent, a senior…
- Business
Rupee rebounds from record low, spurts 10 paise to 77.68 vs USD
Mumbai: Recovering from its lifetime low, the rupee advanced 10 paise to settle at 77.68 against the US dollar on Wednesday after the RBI raised the interest rate by 50 basis points…
- Business
World Bank cuts India’s economic growth forecast to 7.5 pc for FY23
Washington: The World Bank on Tuesday cut India’s economic growth forecast for the current fiscal to 7.5 per cent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery. This is…
- Business
Rupee pares initial gains, settles 6 paise lower at 77.66 per USD
Mumbai: The rupee pared initial gains and settled 6 paise lower at 77.66 against the US dollar on Friday, in line with a muted trend in domestic equities. Forex traders said persistent…
- Business
Forex reserves up by USD 3.854 bn to USD 601.363 bn
Mumbai: The country’s foreign exchange reserves increased by USD 3.854 billion to USD 601.363 billion in the week ended May 27, according to RBI data. In the previous week, the reserves rose…
- Business
China’s real estate mess put global economy on crutches
Beijing: The deep recession in China’s real estate companies is becoming a major problem for the country as well as for the world’s economy. The property market was one of the few…
- Business
Rupee recovers from record low, rises 14 paise against US dollar in early trade
Mumbai: Recovering from its record low, the rupee rose by 14 paise to 77.57 against the US dollar in early morning trade on Wednesday. At the interbank foreign exchange, the rupee opened…
- Business
Sensex jumps 225 points in early trade; turns choppy later
Mumbai: The Sensex jumped 225 points in early trade on Wednesday, but later pared all the initial gains as volatility emerged amid mixed trends from Asian markets. The 30-share BSE benchmark Sensex…
