Business news
- Business
Rupee falls 33 paise to close at 83.04 against US dollar
New Delhi: The rupee plunged by 33 paise to close at 83.04 (provisional) against the US dollar on Tuesday, tracking a strong American currency and higher crude oil prices. Foreign fund outflows…
- Business
SpiceJet’ Board grants approval for issuance of equity shares
New Delhi: Indian low-cost carrier SpiceJet Ltd said that its Board of Directors’ allotment committee, during its meeting held on Monday, has deliberated upon and granted approval for the issuance of equity…
- Business
US economy added jobs at robust pace last month
Minneapolis: The US economy added 187,000 jobs in August, slightly more than expected, according to data released on Friday by the Bureau of Labor Statistics, a media report said. The monthly job…
- India
Retail inflation expected to start coming down from this month: RBI Governor
Indore: Reserve Bank governor Shaktikanta Das on Friday said the central bank expects retail inflation to start declining from this month. He was referring to the central government’s steps to check prices…
- Business
CCI grants approval for merger of Vistara and Air India
New Delhi: The Competition Commission of India (CCI) granted approval on Friday for the merger between Tata Group’s airlines – Vistara and Air India. This significant development opens the door for Air…
- Business
Tesla cuts prices up to 19%, Model X now qualifies for US tax credit
San Francisco: Elon Musk-run Tesla on Friday reduced prices on the Model S and X electric vehicles, with price drops of up to 19 per cent in the US. People can buy…
- Business
NCLAT permits Go First lessor to inspect leased aircraft
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday granted permission to Ireland-based lessor Jackson Square Aviation Ltd to inspect its aircraft leased to cash-strapped Go First. This decision follows…
- Business
Global EV sales grow 50%, China market faces slowdown
New Delhi: The global electric vehicle (EV) sales grew 50 per cent (year-on-year) in the second quarter (Q2) this year, as China’s domestic market continued to dominate globally but growth failed to…
- India
India’s GDP growth towers over several economies, says chief economic adviser
New Delhi: Even as the GDP growth for the first quarter of current fiscal stood at 7.8 per cent, a sharp fall from the corresponding period of last year, when it was…
- Business
Australia’s inflation falls to lowest in 12 months
Canberra: Falling produce and fuel prices have eased Australia’s rate of inflation to its lowest level in over 12 months, official data revealed on Wednesday. According to data from the Australian Bureau…
- Business
MediBuddy raises $18 mn for strategic acquisitions, continued expansion
New Delhi: Digital healthcare platform MediBuddy on Wednesday said it has secured additional funding of $18 million from existing investors Quadria Capital, Lightrock and TEAMFund. In February 2022, MediBuddy raised $125 million…
- News
SEBI issues guidelines for strengthening cyber security of market institutions
New Delhi: SEBI has issued guidelines for strengthening the existing cyber security and cyber resilience framework of market infrastructure institutions such as stock exchanges, clearing corporations and depositories. “Market infrastructure institutions (i.e.,…
- Business
LPG price cut to have financial implication of Rs 7,680 cr in current fiscal
New Delhi: As the government on Tuesday announced Rs 200 cut in the price of cooking gas cylinders for all subscribers, the financial implication of the decision will come to around Rs…
- Business
CBI books Mumbai based firm in fraud loan case
New Delhi: Central Bureau of Investigation (CBI) has lodged an FIR of loan fraud of Rs 167 crore against a Mumbai based firm Varron Auto Kast Ltd and its directors. A senior…
- Business
SoftBank may sell 1.17% stake in Zomato via block deal: Report
New Delhi: Japanese company SoftBank Vision Fund (SVF Global) is looking to sell off 1.17 per cent stake in food delivery giant Zomato, according to a media report on Tuesday. The stake…
