Business

Us Company Autonomy Purchases Evs For $143 Million Via Hyundai, Kia

Seoul 10th August : US electric vehicle subscription company Autonomy will purchase 3,140 electric vehicles from Hyundai Motor and its affiliate Kia to expand its fleet of vehicles. Autonomy has...

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Corporate Bond Issuances Rise Over 16% On-month In July

By Manish M.SuvarnaMumbai, Aug 10 : Issuances of corporate bonds rose more than 16 per cent month-on-month in July to Rs 58,452 crore due to softening of yields on these...

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Hodlnaut, A Crypto-lender Based In Singapore Hodlnaut Blocks Withdrawals And Deposits

Singapore 10 August, Singapore : Hodlnaut, a cryptocurrency lender Hodlnaut has announced a freeze on the withdrawals of token swaps, and deposits in the midst of the brutal crypto winter....

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Odop Products To Be Available Online Now

Lucknow, Aug 10 : The Uttar Pradesh Government has launched the shopping portal to facilitate the online sale of ODOP (One District One Product) items. According to a government spokesman,...

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Itc Hotels Unveils Its 12th Property In Gujarat With The Iconic Itc Narmada

Ahmedabad, Aug 10 : Bringing the ultimate luxury hospitality experience to Ahmedabad, ITC Hotels announced the inauguration of its premium luxury hotel – the ITC Narmada, in India’s first UNESCO...

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Govt Invites Firms With Rs 100 Cr Net Worth For Private 5g Network Demand Studies

New Delhi, Aug 10 : The government on Wednesday announced to undertake demand studies for the direct assignment of spectrum to enterprises with net worth more than Rs 100 crore...

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Interest Coverage Ratio In Fy23 Is Likely To Deteriorate: Bank Of Baroda Study

Mumbai, Aug 10 : The interest payments of the companies is going to increase going forward because interest rates are expected to go up in the rising rate cycle where...

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To Enhance Safety & Track Location Dial Installs Devices In Delhi Airport Vehicles

New Delhi, Aug 10 : With a view to enhance safety and track locations of vehicles, Delhi International Airport has installed the first-of-its-kind IoT (Internet of Things) devices in its...

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Silver Is Unique Commodity, Can Be Good Investment And Diversifier: Anil Ghelani

By Manish M.SuvarnaMumbai, Aug 10 : Anil Ghelani, SVP & Head – Passive Investments & Products, DSP Investment Managers, said that they have launched Silver ETF because silver is a...

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Tn Government Has Yet To Put Orders For Pongal Dhotis, Sarees; The Workers Of Powerloom Are Threatening To Cause A Stir

Chennai 10th August : The Tamil Nadu government yet to make orders for Pongal dhotis or sarees, the power-loom employees of the state are threatening to embark on the streets...

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Coinbase Announces $1.1 Billion In Revenues, Net Loss Declines 60 Percent In The 2nd Quarter

New Delhi, Aug 10 : The largest cryptocurrency exchange Coinbase has posted a massive loss in both profit and revenue in the quarter ending Junereporting $1.1 billion in net loss...

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Coinswitch\'s Web3 Discovery Fund To Empower As Many As 100 Indian Startup

New Delhi, Aug 10 : India’s largest crypto investing application CoinSwitch has announced an Web3 Discovery Fund, which will invest in and help incubate startups at the beginning of their...

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Global Investors\' Meet: K\'taka Govt Proposes Separate Japanese Township

Bengaluru, Aug 10 : The Karnataka delegation led by Minister for Large and Medium Industries Minister Dr.Murugesh R.Nirani has proposed a separate ‘Japanese township’ on the nearly 600-acre plot in...

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Banks Write Off Rs . 10l Cr In The Past 5 Years

New Delhi, Aug 10 : A recent Parliamentary response revealed the fact that scheduled commercial banks had written off loans of around 10 lakh crore in the last five years...

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Binance Co-operates Nischal Shetty-run Wazirx, Says Zanmai Labs

New Delhi, Aug 9 : Stressing that Changpeng Zhao-run Binance is co-operating Nischal Shetty-run crypto platform WazirX, its parent company Zanmai Labs said on Tuesday that it has fully cooperated...

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Future Is "made In America": Biden After Signing The $280 Billion Chips & Science Act

Washington 9 August : US President Joe Biden on Tuesday signed the historic $280 billion CHIPS and Science Act into law that contains $52 billion to help boost the production...

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Fintech Platform Mswipe Receives Rbi Nod To Obtain A Payment Aggregator Licence

New Delhi, Aug 9 : Financial services platform Mswipe Technologies on Tuesday said it has been granted an in-principle payment Aggregator (PA) licence from the Reserve Bank of India (RBI)....

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Tiruppur Dyeing Units Demand Subsidy For Power Supply To Effluent Plants

Chennai, Aug 9 : The dyeing units of Tiruppur have called for a 50 per cent subsidy for power supply to Common Effluent Plants as the state power utility Tangedco...

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Machine Learning Top Skill-set For Job Opportunities As A Data Scientist In India The Report

New Delhi, Aug 9 : For the majority of professionals in the country machine learning (ML) and statistics are among the top two sought-after abilities that recruiters are looking for...

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Tractor Industry Sales Down To 59,586 Units In July 2022

Chennai, Aug 9 : The Indian tractor industry sold 59,586 units last month down from 80,980 units sold during July 2021, said Tractor Junction, a digital marketplace for tractors and...

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Aircraft Operators To Share Info On Int\'l Travellers With Nctc

New Delhi, Aug 9 : Aircraft operators will have to share travel-related information about passengers who are going to travel in and out of India at least 24 hours before...

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Jeff Bezos, Bill Gates Funding Massive Treasure Hunt In Greenland

Washington, Aug 9 : Some of the world’s richest men, including Jeff Bezos and Bill Gates, are funding a massive treasure hunt, complete with helicopters and transmitters, on the west...

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Indian Fintech Market To Reach $1tn In Aum, $200 Bn In Sales By 2030

Mumbai, Aug 9 : The Indian fintech market is expected to log 10 times growth to achieve $1 trillion in assets under management (AUM) and $200 billion in revenue by...

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Microsoft Joins Ondc To Create A The Shopping App Designed To Indian Customers

New Delhi, Aug 9 : Microsoft on Tuesday joined the government’s open network for digital commerce (ONDC), with an goal of introducing social e-emmerce through the app in the Indian...

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Equity Mf Schemes Experience Sharp Fall In July

Chennai, Aug 9 : The month-on-month net inflows for equity mutual funds came down by 42.6 per cent to Rs 8,898.25 crore in July 2022, as per the figures released...

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52% Of Consumers Have 2 Or More Unused/old Devices At Homes

New Delhi, Aug 9 : Determining consumer behaviour toward selling pre-owned phones and the level of awareness on the correct disposal processes with dysfunctional phones, a new survey on Tuesday...

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Non-life Insurers Violate Law Offering Premium Discount On Vehicle Third Party Liability Insurance

By Venkatachari JagannahanChennai, Aug 9 : Are vehicle owners are being raped by the non-life insurers by charging more than a just price? It seems so, if one goes by...

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Despite Gujarat Govt\'s Intervention In Edible Oil Market, No Relief In Prices To Consumers

Ahmedabad, Aug 9 : Last week the Gujarat government announced that it will provide groundnut oil of one liter pack at Rs 100, at 50 per cent subsidised rates.Yet, the...

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India Likely To Record 827 Mn Air Passenger Traffic By 2032-33

New Delhi, Aug 9 : Indian airports are likely to record a significant rise in the number of air-passengers in the coming years.As per an assessment made by Airports Authority...

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Our Ai-based Automated Trading Helping Retail Investors Grow: Algobulls Ceo

New Delhi, Aug 9 : As trading in the stock market becomes more data and analytics-driven, the challenge for retail traders — both the new and seasoned ones — has...

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Msme, Powerloom Units Oppose Proposed Power Tariff Hike In Tn

Chennai, Aug 9 : The MSME units and the powerloom units in Tamil Nadu have strongly objected to the proposed power tariff hike. The Tamil Nadu Electricity Regulatory Commission has...

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Delhi Hc Allows Vivo Entities To Operate Frozen Bank Accounts On Conditions

New Delhi, Aug 8 : The Delhi High Court on Monday permitted 14 entities of Chinese smartphone maker Vivo to operate their frozen bank accounts on a condition of maintaining...

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\'aviation & Aeronautical Manufacturing Sector Likely To Generate 1 Lakh Employment\'

New Delhi, Aug 8 : Aviation and aeronautical manufacturing sector is likely to generate direct employment for nearly 1 lakh people by the year 2024. A parliamentary standing committee on...

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India Could Impose Restrictions On Chinese Mobile Operators From The R 12k In The Market.

New Delhi, Aug 8 : The Indian government is believed to be planning to impose restrictions on Chinese-based smartphone companies that sell low-end smartphones (less than $12,000) to give a...

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A Long, Harsh Winter Of Funding Coming Up For The Unicorns Of Softbank\'s Masayoshi Son

New Delhi, Aug 8 : Masayoshi Son, the founder and CEO of Japanese investment firm Softbank on Monday warned startups and unicorns to be prepared for a harsh and prolonged...

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Ford India To Sell Its Gujarat Plant For Rs 725.7 Cr To Tatas

Chennai, Aug 8 : In line with the earlier announcement, the Tata Passenger Electric Mobility Limited and Ford India Private Limited have inked the Unit Transfer Agreement for the acquisition...

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Top Brokerages Welcome Paytm\'s Strong Q1 Results, Reiterate \'buy\' Rating For Stock

New Delhi, Aug 8 : Leading digital payments and financial services company Paytm has received positive feedback from top brokerages such as Goldman Sachs, JP Morgan, Morgan Stanley, ICICI Securities,...

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Deficient Rainfall, Kharif Sown Area Decline In Some Areas: Bank Of Baroda

Chennai, Aug 8 : The sown area of pulses, oilseeds and rice have declined this Kharif season owing to deficient monsoon rain in some areas, a report by Bank of...

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Housing Loan Disbursals Grow In Tier 3,4 Cities With More Female Borrowers

Chennai, Aug 8 : With the implementation of Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme and work from home culture getting in vogue,...

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Recent Struggles Are Sign That Netflix Is Becoming A More Traditional Media Company

New York, Aug 8 : Netflix has had a terrible 2022.In April, it said it lost subscribers for the first time since 2011 and its stock has tumbled more than...

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How Ril Leveraged Its Ip, R&d Capabilities To Fight Covid

New Delhi, Aug 8 : Reliance, a responsible organisation, leveraged its intellectual capital to contribute to the countrys fight against Covid-19. Reliance’s scientists analysed more than 1,000 genomes of the...

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Aws, Intel Empower Govtech And Edtech Startups In Hyderabad

Hyderabad, Aug 8 : Amazon Web Services (AWS) and chip-maker Intel recently hosted the ‘CXO Mixer’ event here to empower govtech and edtech startups, enabling them in their cloud journey...

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Softbank Posts Massive $23.4 Bn Net Loss, 2nd Straight Quarter In Red

Tokyo, Aug 8 : Japanese investment major SoftBank Group on Monday posted a huge $23.4 billion loss in the April-June quarter, as tech stocks continued to get hammered in the...

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Prudent Financial Management Helps Reliance Jio Reduce Running Costs

New Delhi, Aug 8 : Reliance Jio Infocomm Limited prepaid entire deferred liabilities pertaining to spectrum acquired in auctions of year 2014, 2015, 2016 and the spectrum acquired in year...

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Reliance Builds Technology & Innovation Portfolio For Green Energy Foray Through Partnerships, Acquisitions, R&d

New Delhi, Aug 8 : In his letter to shareholders, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said “we entered into a series of partnerships, including equity investments, with...

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Air India To Induct Wide-body Aircraft Into Its Fleet

New Delhi, Aug 8 : With a view to expand its network, Air India has planned to induct wide-body aircraft into its fleet.Total 10 grounded aircrafts will be brought back...

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Us Senate Passes Biden\'s Modified Inflation Reduction Bill As Part Of Build Back Better Initiative

By Ashe OWashington, Aug 8 : The US Congress moved much closer to the passage of President Joe Biden’s much articulated but modified Build Back Better (BBB) initiative on climate,...

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Upgrad, A Higher-end Edtech Platform That Is In Trend And Raises The Price To Rs 1,670 Crore

Mumbai 8th August : UpGrad, an online platform for higher education upGrad on Monday announced that it had taken in $210 million (about 1670 crore rupees) in a round that...

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Hyundai Motor Sells 1 Mn \'green\' Cars, Shows Data

Seoul 8 August : Hyundai Motor Group’s total sales of eco-friendly vehicles have surpassed 1 million in July 13 years after it made its entrance into the green car market,...

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Investors Bracing For Another Stretch Of Volatility In Us Stock Market

New York, Aug 7 : Even as stock prices dropped, the earnings half of the P/E equation remained relatively resilient.Now that Wall Street analysts are cutting profit estimates at a...

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Electric Scooters And Buses Steal Display During Ev Expo In Delhi

New Delhi, Aug 7 : Around 100 companies that manufacture e-vehicles -both foreign and domestic showcased their latest emission-free electric vehicles at the three-day ‘EV Expo’ that ended on Sunday...

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Spicejet Passengers Walk On Delhi Airport Tarmac, Dgca Launches Probe

New Delhi, Aug 7 : SpiceJet’s Hyderabad-Delhi flight passengers had to walk on the Delhi airport’s tarmac as the bus meant to carry them got delayed for nearly 45 minutes....

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Tn Power Tariff Increase Hearing On Public Hearings Scheduled For August 16, 18, And 22

Chennai 7 August : Tamil Nadu Electricity Regulatory Commission (TNERC) will hold public hearings in Chennai on the 22nd of August concerning the increase in the power tariff suggested by...

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Google Pixel Fold Likely To Come With A Ultra-micro Hole Camera Set

San Francisco, Aug 7 : Tech giant Google’s new foldable smartphone — Pixel Fold -will likely feature an ‘full-screen’ interior with an ultra-micro-hole camera within the frame of the phone....

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Aviation Minister Turns The Green Flag Akasa First Flight

New Delhi, Aug 7 : Civil Aviation Minister Jyotiraditya Scindia will inaugurate on Sunday Akasa Air’s inaugural commercial flight, which operates on the Mumbai-Ahmedabad flight. The previous day, on the...

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The Fall In The Demand For Education And Consumer Goods Slows The Growth Of Tablet Computers

New Delhi, Aug 7 : The rapid decline in demand for education and consumer goods has led to a sharp decline in tablet sales as the world continues to move...

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The Smart Home Security Camera Market Is Growing By 116%.

New Delhi, Aug 7 : India’s smart home security camera market has grown 116 % (year-on-year) because people are becoming more concerned about the safety of their home, a recent...

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India\'s Forex Reserves Rises After Four Weeks Of Fall

Mumbai, Aug 6 : India’s forex reserves rose around $2.4 billion during the week ending July 29, after falling for last four consecutive weeks, on back of positive inflows by...

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Difficult To \'blink It\': Zomato Says Sticking To Offer Price For Blinkit Shares

Chennai, Aug 6 : Food delivery company Zomato Ltd has said it was sticking to its original issue price of Rs 70.76 per share for the acquisition of Blink Commerce...

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Small Ransomware-related Groups Will Flourish In 2022\'s Second Half Of The Year.

New Delhi, Aug 6 : Ransomware will become an increasingly fragmented network in the second quarter of this year with numerous small and medium-sized groups instead of some large ones...

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Slap Into Oppo, Vivo, Xiaomi May Force Them To Quit India: Chinese State Media

New Delhi, Aug 6 : For Chinese manufacturing and processing firms who initially attempted to create India an overseas processing centre for products in the event that it proves becoming...

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India\'s Agricultural, Processed Food Products Exports Up By 31%

New Delhi, Aug 6 : Exports of agricultural and processed food products rose by 31 per cent in the first three months of the current financial Year 2022-23 (April-June) in...

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India\'s Forex Reserves Rises After 4 Weeks Of Fall

Mumbai, Aug 6 : India’s forex reserves rose around $2.4 billion during the week ending July 29 after falling for the four consecutive weeks.The rise was seen on back of...

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Alibaba Lays Off Nearly 10k Employees Amid Poor Sales

Beijing, Aug 6 : Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and slowing economy in the country,...

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Sbi Pat Fall 6.70% On-year To Rs 6,068 Cr In Q1fy23

Mumbai, Aug 6 : India’s largest state-owned bank, State Bank of India (SBI) reported a marginal fall in net profit of 6.70 per cent year-on-year to Rs 6,068 crore on...

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Can A High-interest Rate Regime Exist With An Uptrend In The Equity Market?

Mumbai 6 August : The equity market and interest rates share an inverted relationship, however this time it’s proven not to be true because regardless of the Reserve Bank of...

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Intel Meteor Lake Chip Delayed Until 2024. Tsmc Delays 3nm Expansion The Report

New Delhi, Aug 6 : The mass production of chip maker Intels next major flagship processor Meteor Lake is expected to be delayed until 2024, a report been published. According...

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Bank Of Baroda To Raise Rs 1,000 Cr Via Infrastructure & Affordable Housing Bonds

Mumbai, Aug 6 : Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12,...

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The Crypto Firm Binance Claims It Does Not Own The Indian Subsidiary Wazirx Following Ed Investigation

New Delhi, Aug 6 : The Indian-based crypto platform WazirX has faced a huge amount of controversy, first following Enforcement Directorate (ED) raids on the parent company Zanmai Lab and...

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Mumbai-bound Vistara Flight Returns To Varanasi After Bird Hit

New Delhi, Aug 6 : A Mumbai-bound Vistara flight returned to Varanasi after it suffered a bird hit, Aviation regulator DGCA said. Vistara A320 aircraft VT-TNC operating flight UK622 (Varanasi-Mumbai)...

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Paytm\'s Revenue Jumps 89% To Rs 1,680 Crore In Q1 Fy23

New Delhi, Aug 5 : Digital financial services giant One97 Communications, that operates the brand Paytm, on Friday reported its Q1FY23 results, where it saw a massive jump in revenue...

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\'opaqueness Antithetical To Transparency\': Sc Directs Sebi To Allow Ril Access To Documents (lead)

New Delhi, Aug 5 : The Supreme Court on Friday observed that opaqueness is antithetical to transparency and institutions ought to adopt procedures that further the democratic principles of transparency...

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Delhi Will Have Approximately 500 Liquor Stores Owned By The Government. There Are No Private Companies In Retail

New Delhi, Aug 5 : With Delhi scheduled to go back to the previous excise policies from September 1st, the nation’s capital will be stocked with 500 liquor stores by...

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It Department Finds Unaccounted Rs 55 Crore After Raids Against A Former Fund Manager

New Delhi, Aug 5 : The Income Tax Department on Friday stated that they conducted an investigation and search in the past on an ex-fund chief trader and manager of...

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Rs 17 To Rs 2,024, Deepak Nitrite\'s \'hanuman\' Jump

Chennai, Aug 5 : It is really an immense leap in a decade for the Deepak Nitrite scrip that was changing hands for about Rs 17 to Rs 2,024 on...

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"no Gst On Sarais Operated By Sgpc Or Other Religious Organizations\'

By Ravinder Singh Robin New Delhi, Aug 5 : AAP Rajya Sabha MP Vikramjit Singh Sahney told reporters on Friday that the Ministry of Finance and the Central Board of...

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Cag Report Uncovers Numerous Settlement Of Claimants, And Overpayment By Insurers Of The Public Sector

By Kumar Vikram New Delhi, Aug 5 : The public sector health insurance companies were not able to pass the required validation checks and checks that resulted in mistakes like...

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Today\'s 50 Bps Hike Sign Rbi More Concerned About Rupee, External Situation: Sbi Ecowrap

Mumbai, Aug 5 : With the Reserve Bank of India (RBI) on Friday raising the repo rate by 50 basis points to take it to pre-pandemic levels at 5.40 per...

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India Will Arm Cci With The Ability To Review The Global M&a Transactions

New Delhi, Aug 5 : The Centre on Friday proposed major changes in the Competition Act, 2002, in order to grant the Competition Commission of India (CCI) the ability to...

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Amazon Buys The Home Robot Manufacturer Irobot For $1.7 Billion

New Delhi, Aug 5 : Amazon on Friday announced it will buy Global consumer robot maker iRobot in a deal worth $1.7 billion in an all-cash transaction. iRobot launched its...

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Benchmark Bond Yield Rises Just Over 14 Bps After Repo Rate Hike

Mumbai, Aug 5 : The yield on 10-year benchmark bond rose sharply by more than 14 basis points on Friday after the Reserve Bank of India (RBI) increased repo rate...

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Global Food Commodity Prices Decline In July: Fao

Rome, Aug 5 : The benchmark for world food commodity prices declined significantly in July, with major cereal and vegetable oil prices recording double-digit percentage declines, the Food and Agriculture...

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Rbi To Allow Cross-border Bill Payments, Bring Credit Info Cos Under Ombudsman Scheme: Guv (ld)

Mumbai, Aug 5 : The Reserve Bank of India (RBI) will allow the Bharat Bill Payment System (BBPS) to process cross-border inbound bill payments that will help senior citizens in...

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Indices Rise Marginally After One-day Gap, Sensex Up 89 Points

Mumbai, Aug 5 : Benchmark indices rose marginally on Friday and ended the week on a positive note after falling for one day on Thursday. At close, Sensex ended up...

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Uttar Pradesh To Have Five International Airports Scindia

New Delhi, Aug 5 : With the allotment of 63 air routes to Uttar Pradesh, the state will soon have a lot more connectivity as part of the regional connectivity...

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Rise In Repo Rate Likely To Hurt Homebuyers\' Sentiment

New Delhi, Aug 5 : Increase in repo rate by 50 basis points by RBI leading to short term interest rate spike is likely to hurt the homebuyers’ sentiments.While real...

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Rbi To Allow Cross-border Bill Payments, Bring Credit Info Cos Under Ombudsman Scheme

Chennai, Aug 5 : The Reserve Bank of India (RBI) will allow the Bharat Bill Payment System (BBPS) to process cross-border inbound bill payments that will help senior citizens in...

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Expected Increase In Loan Emis As Rbi Raises Repo Rate By 50bps

Mumbai 5 Aug : The EMIs on the loan will increase as the Reserve Bank of India (RBI) on Friday increased repo rates by 50 basis points, to 5.40 percent...

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Samsung To Provide 5g Solutions, As Well As Equipment For Bharti Airtel

Seoul/New Delhi, August 5 : Samsung Electronics will provide 5G equipment and solutions to Indian Telecommunications firm Bharti Airtel, marking the South Korean tech giant’s first 5G equipment purchase from...

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Policy Rate Hike To Control Inflation, 50bps The New Normal With Many Central Banks: Rbi Governor

Chennai, Aug 5 : With the inflation at an unacceptable 7 per cent, the monetary policy has to act and hence the repo rate has been hiked by 50 basis...

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Sensex Rises More Than 150 Points; Nifty Rises Above 17,427 After Rbi Hikes 50 Bps Repo Rate

Mumbail, Aug 5 : The benchmark indices rose during the afternoon trade on Friday, after falling marginally the previous day as 50 basis points rate hike by the Reserve Bank...

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Edtech Companies Vedantu, Lead School Lay Off More Than 100 Workers Per Day (lead)

New Delhi, Aug 5 : The layoffs of the edtech platforms are continuing in India and, now one of the leaders in the field Vedantu has requested 100 employees to...

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Rupee Increases 26 Points In Trading In The Afternoon Up To 79.20 Against The Us Dollar

Mumbai 5 Aug : The Indian rupee gained 26 points during the trading session of the afternoon in the afternoon session.It was trading at 79.20 against the US dollar at...

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Hdfc Announces Completion Of $1.1 Bn Syndicated Social Loan Facility

Mumbai, Aug 5 : HDFC Ltd has announced the completion of the USD 1.1billion Syndicated Social Loan Facility for the financing of affordable housing in India.The loan has been priced...

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Jb Pharma Records Revenue Growth Of 30% To Rs 785 Cr In Q1fy23

Mumbai, Aug 5 : JB Pharma, one of the fastest growing pharmaceutical companies in India, announced its financial results for the first quarter ended on June 30, 2022. For the...

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Edtech Firms Vedantu, Lead School Lay Off 100 Employees Each

New Delhi, Aug 5 : Layoffs at edtech platforms continue in India and now, one of the industry leaders Vedantu has asked 100 more employees to go and LEAD (formerly...

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Rbi Increases Policy Rate 5.40 To Control The Rise In Inflation (ld)

Chennai 5th August : Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the increase of repo or policy rate the rate by 50 basis points (bps) up...

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Soundcloud, A Streaming Service Soundcloud Cuts Off 20 Percent Of Its Workers

San Francisco, Aug 5 : SoundCloud, the streaming platform SoundCloud has announced it will reduce 20 percent of its employees “given the current economic conditions and the financial market headwinds”....

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Rbi Increases Policy Rate 50bps Up To 5.4 Percentage

Chennai 5 August : Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the hike of the policy rate by 50 basis points and to 5.4 percent. The...

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Moody\'s Upgrades Yes Bank\'s Rating To Ba3 From B2, Changes Outlook To Stable

Mumbai, Aug 4 : Moody’s Investors Services has upgraded Yes Bank’s long-term foreign currency issuer rating and long-term foreign and local currency bank deposit ratings to Ba3 from B2, a...

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Ccpa Orders Penalty On Amazon, Recall Of Products

New Delhi, Aug 4 : The Central Consumer Protection Authority has passed an order against violation of consumer rights by Amazon for allowing sale of domestic pressure cookers in violation...

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Sat Quashes Insider Trading Charges Against Biocon Biologics Deputy Ceo

Bengaluru, Aug 4 : The Securities Appellate Tribunal (SAT) in a recent ruling quashed the charges of insider trading in Biocon levelled against Shreehas P.Tambe, President and Deputy CEO of...

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Odisha Govt Approves 11 Investment Proposals Of Rs 2,253cr

Bhubaneswar, Aug 4 : The Odisha government has approved 11 investment proposals worth Rs 2,253.15 crore which will create employment opportunities for 3,817 people, officials said on Thursday. The state...

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\'uk Will Collapse Into A Year-long Recession By The End Of 2022\'

London, Aug 4 : The UK will collapse into a year-long recession by the end of 2022 — its longest since the 2008 financial crisis and as deep as the...

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India\'s Fy23 Fiscal Deficit May Come Around 6.5%: Sbi Ecowrap

Mumbai, Aug 4 : The report by the SBI Research Ecowrap said that India’s fiscal deficit in the current financial year is expected to come around 6.5 per cent, as...

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Lic Housing Finance Pat Rises To Rs 925.48 Crore In Q1fy23

Mumbai, Aug 4 : LIC Housing Finance Ltd’s net profit rose sharply by 503 per cent year-on-year to Rs 925.48 crore on back of uptick in net interest income, as...

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Reliance-backed Dunzo\'s B2b Logistics Arm Arrives On Ondc

Bengaluru, Aug 4 : Reliance Retail-based Dunzos B2B logistics arm, Dunzo for Business (D4B), on Thursday announced its partnership with the governments Open Network for Digital Commerce (ONDC) to provide...

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Germany Sees 214% Rise In Indian Tourist In 2022 So Far: Gnto

New Delhi, Aug 4 : With tourism making a marked recovery post the pandemic, the German National Tourist Office, India, on Thursday announced a rise of 214 per cent in...

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Covid, Monkeypox Scare Boosts Hiring In Insurance Sector

New Delhi, Aug 4 : The advent of Covid-19 pandemic and the more recent monkeypox has come as a boon for job seekers in the insurance sector. With the rise...

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Icra Net Profit Rises 22.7% To Rs 31.9 Cr In Q1fy23

Mumbai, Aug 4 : The net profit of ICRA for the first quarter of the current financial year rose 22.7 per cent to 31.9 crore and operating income of the...

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Centre Extends Design-led Telecom Pli Scheme Application Date In 5g Era

New Delhi, Aug 4 : In a bid to build a strong ecosystem for 5G in the country after a successful 5G spectrum auction, the government on Thursday extended the...

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Indian Rupee Falls 30 Paise To Close At 79.46 Against Us Dollar

Mumbai, Aug 4 : The rupee has depreciated 30 paise against the US dollar on Thursday as sentiments of investors dampened due to weak macroeconomic data and tensions between US-China....

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Quality Infra Key To Build Robust Global Value Chain Linkages In India: Report

New Delhi, Aug 4 : While 87 per cent Indian companies of varying sizes say that global value chain (GVCs) integration is very important to their firms, nearly nine out...

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New Pdp Bill Must Address Cross-border Data Flow, Tax Evasion, Cryptos: Industry

New Delhi, Aug 4 : Industry stakeholders on Thursday said the new framework for Personal Data Protection Bill should emphasise on cross-border data flow and data localisation requirements, bringing ransomware,...

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Adani Enterprises, Israel Innovation Authority Sign Mou To Develop Cutting-edge Tech Solutions

Ahmedabad / Tel Aviv, Aug 4 : Adani Enterprises Ltd (AEL), the business incubation arm of the Adani Group, has signed an MoU with the Israel Innovation Authority (IIA), the...

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\'proposals Worth Over Rs 10 Trillion Lined Up Ahead Of Invest Rajasthan 2022 Summit\'

Jaipur, Aug 4 : Rajasthan is all set to make a big leap towards the new era of Industrialisation with proposals of over Rs 10 trillion lined up ahead of...

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18 Emergency Landings In Last 2 Years: Aviation Ministry

New Delhi, Aug 4 : A total of 18 emergency landings were reported by various airlines in India during the last two years, the Civil Aviation ministry told the Lok...

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Companies Rushed To Raise Funds Via Cp To Lock In Lower Rates Ahead Of Rbi Policy

Mumbai, Aug 4 : Ahead of the Reserve Bank of India’s (RBI) monetary policy, most companies are rushing to short-term debt market to raise funds through commercial papers to lock-in...

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\'india Diversifying Its Oil Import Sources\'

Chennai, Aug 4 : India is looking at pockets of opportunities for oil overseas and its decision to invest $1.6 billion in an oil project in Brazil part of that...

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Walmart Lays Off 200 Corporate Employees Amid Rising Inflation

San Francisco, Aug 4 : Retail giant Walmart has laid off at least 200 corporate employees as the economic downturn takes its toll on companies worldwide. Walmart described the layoffs...

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Little Known Hk Company Amtd Crosses $300bn In Market Cap In Latest Meme Stock Rage

Hong Kong, Aug 4 : A little-known Hong Kong company has seen its stock market value soar in recent days, for no apparent reason, the media reported. AMTD Digital made...

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Heavy Rains Lead To Increased Hydropower Generation In Tn

Chennai, Aug 4 : The heavy southwest monsoon in the Western Ghats and constant inflow of water from reservoirs in Karnataka have led to dams in Tamil Nadu gaining full...

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Reliance Jio May Launch 5g Services In India On Independence Day

New Delhi, Aug 4 : As the race to launch 5G services for millions of smartphone and internet users take steam, Reliance Jio may launch its 5G services on August...

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Our Strategy Would Be To Invest In 6 Months Papers And Hold Them To Maturity: Sandeep Bagla

By Manish M.SuvarnaMumbai, Aug 4 : Sandeep Bagla, Chief Executive Officer, Trust Mutual Fund, said given the steepness in the curve, moderate rate hikes should not reduce the investor returns...

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42% Indians Experienced Financial Fraud In Last 3 Years: Report

New Delhi, Aug 4 : While digitisation of payments and banking undoubtedly has benefitted both common people and the government, financial fraud has been on the rise, with nearly 42...

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Hitachi Group\'s Globallogic Appoints Nitesh Banga As President, Ceo

New Delhi, Aug 4 : Digital engineering services provider GlobalLogic, a Hitachi Group company, on Thursday said its Chief Operating Officer (COO) Nitesh Banga will take over as new President...

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Epfo Pension Scheme Holders\' Data Exposed Online, Claims Security Researcher

New Delhi, Aug 4 : A Ukraine-based cybersecurity researcher and journalist has claimed that about 288 million personal records, containing the full name, bank account number and nominee information of...

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Frequent Tinkering Of Windfall Tax Creates Uncertainty: Experts

Chennai, Aug 4 : India is not the only country to implement the windfall tax on domestic fuel but frequent tinkering with the tax rates creates uncertainty, said experts. They...

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Up\'s First Tabletop Airport In Chitrakoot

Lucknow, Aug 4 : Uttar Pradesh’s first tabletop airport is ready for inauguration in Chitrakoot. Constructed at the cost of Rs 146 crore , this will be the first operational...

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Govt Approves Sugarcane Frp Of Rs 305 Per Quintal For Fy23 Season

New Delhi, Aug 4 : The Cabinet Committee on Economic Affairs (CCEA) have approved the Fair and Remunerative Price (FRP) of sugarcane for sugar marketing year 2022-23 (October-September) at Rs...

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Delhi Businessman Held For Fraudulently Availing Itc Of Rs 8 Crore

New Delhi, Aug 3 : Delhi businessman Karan Kumar Aggarwal was on Wednesday arrested by officials of CGST, Delhi West, for fraudulently availing ITC of around Rs 8 crore. An...

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Adani Transmission\'s Revenue Of Rs 3,049 Crore Increased 22% Yoy

Ahmedabad, Aug 3 : Adani Transmission Ltd (ATL), the largest private transmission company in India and part of the globally diversified Adani portfolio, on Wednesday announced its financial and operational...

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Average Inflation Rate Highest In 2022, At 6.82%, Since 2014

New Delhi, Aug 3 : Amid the debate over price rise and inflation in the country, a comparison of government data since the year 2014 discloses that the all India...

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Adani Power Q1 Results: Revenue Jumps 115% To Rs 15,509 Cr

Ahmedabad, Aug 3 : Adani Power Ltd (APL), a part of the Adani Group, on Wednesday announced its financial results for the quarter ended June 30. During Q1 FY 2022-23,...

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Reliance Industries Ranked 104 In Fortune\'s Global 500 List

New Delhi, Aug 3 : Reliance Industries maintained its highest ranking among Indian private sector companies in the latest Global 500 list published by Fortune for 2022. Reliance Industries improved...

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Airtel Picks Nokia, Ericsson For 5g Deployment In India

New Delhi, Aug 3 : As India completed its mega 5G spectrum auction, telecom service provider Bharti Airtel on Wednesday announced that it has awarded its 5G contract to tech...

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Domestic Investor Holding At All Time High In June 2022 Quarter

New Delhi, Aug 3 : Share of domestic institutional investors (DIIs), which includes domestic mutual funds, insurance companies, banks, financial institutions, pension funds along with retail and High Net-worth Individual...

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India\'s Merchandise Trade Deficit For July At $31 Bn

Chennai, Aug 3 : India’s merchandise trade deficit — excess of imports over exports — touched $31.02 billion last month up from $26.18 billion in June 2022. According to BVR...

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India\'s Merchandise Trade Deficit For July At $31 Bn

Chennai, Aug 3 : India’s merchandise trade deficit — excess of imports over exports — touched $31.02 billion last month up from $26.18 billion in June 2022. According to BVR...

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India\'s Merchandise Trade Deficit For July At $31 Bn

Chennai, Aug 3 : India’s merchandise trade deficit — excess of imports over exports — touched $31.02 billion last month up from $26.18 billion in June 2022. According to BVR...

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India\'s Merchandise Trade Deficit For July At $31 Bn

Chennai, Aug 3 : India’s merchandise trade deficit — excess of imports over exports — touched $31.02 billion last month up from $26.18 billion in June 2022. According to BVR...

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Solana Crypto Wallets Worth Millions Drained In Major Hack

New Delhi, Aug 3 : In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on...

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Solana Crypto Wallets Worth Millions Drained In Major Hack

New Delhi, Aug 3 : In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on...

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Solana Crypto Wallets Worth Millions Drained In Major Hack

New Delhi, Aug 3 : In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on...

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Solana Crypto Wallets Worth Millions Drained In Major Hack

New Delhi, Aug 3 : In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on...

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Ipo-bound Bharatpe Appoints New Cfo Amid High-profile Exits

New Delhi, Aug 3 : Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for...

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Ipo-bound Bharatpe Appoints New Cfo Amid High-profile Exits

New Delhi, Aug 3 : Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for...

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Ipo-bound Bharatpe Appoints New Cfo Amid High-profile Exits

New Delhi, Aug 3 : Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for...

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Govt Panel To Develop Framework On Checking Fake, Deceptive Reviews In E-commerce

New Delhi, Aug 3 : The Department of Consumer Affairs has constituted a committee to develop a framework on checking fake and deceptive reviews in e-commerce. Under the provisions of...

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Govt Panel To Develop Framework On Checking Fake, Deceptive Reviews In E-commerce

New Delhi, Aug 3 : The Department of Consumer Affairs has constituted a committee to develop a framework on checking fake and deceptive reviews in e-commerce. Under the provisions of...

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Govt Panel To Develop Framework On Checking Fake, Deceptive Reviews In E-commerce

New Delhi, Aug 3 : The Department of Consumer Affairs has constituted a committee to develop a framework on checking fake and deceptive reviews in e-commerce. Under the provisions of...

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Govt Panel To Develop Framework On Checking Fake, Deceptive Reviews In E-commerce

New Delhi, Aug 3 : The Department of Consumer Affairs has constituted a committee to develop a framework on checking fake and deceptive reviews in e-commerce. Under the provisions of...

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Govt Panel To Develop Framework On Checking Fake, Deceptive Reviews In E-commerce

New Delhi, Aug 3 : The Department of Consumer Affairs has constituted a committee to develop a framework on checking fake and deceptive reviews in e-commerce. Under the provisions of...

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Swiggy Allows Employees To Work Outside Company To Make More Money

Bengaluru, Aug 3 : On-demand delivery platform Swiggy on Wednesday introduced a new “Moonlighting” policy for its employees that will let them take up external projects to make more money....

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Swiggy Allows Employees To Work Outside Company To Make More Money

Bengaluru, Aug 3 : On-demand delivery platform Swiggy on Wednesday introduced a new “Moonlighting” policy for its employees that will let them take up external projects to make more money....

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Swiggy Allows Employees To Work Outside Company To Make More Money

Bengaluru, Aug 3 : On-demand delivery platform Swiggy on Wednesday introduced a new “Moonlighting” policy for its employees that will let them take up external projects to make more money....

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Swiggy Allows Employees To Work Outside Company To Make More Money

Bengaluru, Aug 3 : On-demand delivery platform Swiggy on Wednesday introduced a new “Moonlighting” policy for its employees that will let them take up external projects to make more money....

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Aditya Birla Capital Consolidated Pat Rises 42% On-year To Rs 429 Cr

Mumbai, Aug 3 : The consolidated net profit of the Aditya Birla Capital Ltd rose 42 per cent year-on-year to Rs 429 crore on back of strong performance across businesses.The...

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Aditya Birla Capital Consolidated Pat Rises 42% On-year To Rs 429 Cr

Mumbai, Aug 3 : The consolidated net profit of the Aditya Birla Capital Ltd rose 42 per cent year-on-year to Rs 429 crore on back of strong performance across businesses.The...

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Aditya Birla Capital Consolidated Pat Rises 42% On-year To Rs 429 Cr

Mumbai, Aug 3 : The consolidated net profit of the Aditya Birla Capital Ltd rose 42 per cent year-on-year to Rs 429 crore on back of strong performance across businesses.The...

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Comviva Receives Mastercard Cloud-based Payments Certification

Mumbai, Aug 3 : Comviva, the global leader in digital financial solutions, has been certified by Mastercard as a Token Requestor-Token Service Provider (TR-TSP) for Mastercard Cloud-Based Payments (MCBP), including...

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Comviva Receives Mastercard Cloud-based Payments Certification

Mumbai, Aug 3 : Comviva, the global leader in digital financial solutions, has been certified by Mastercard as a Token Requestor-Token Service Provider (TR-TSP) for Mastercard Cloud-Based Payments (MCBP), including...

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Uber Cancels Zomato Ride, Sells 7.8% Stock For $390 Mn In Big Block Deal

New Delhi, Aug 3 : Ride-hailing platform Uber, which suffered around $707 million loss in its Zomato investment in the first half of this year, on Wednesday sold its 7.8...

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Uber Cancels Zomato Ride, Sells 7.8% Stock For $390 Mn In Big Block Deal

New Delhi, Aug 3 : Ride-hailing platform Uber, which suffered around $707 million loss in its Zomato investment in the first half of this year, on Wednesday sold its 7.8...

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Rbi Names Minority-dominated Regions For Banks\' Priority Lending Schemes

By Quaid NajmiMumbai, Aug 3 : In a significant move, the Reserve Bank of India (RBI) has released a list of states, Union Territories and districts dominated by different minority...

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Rbi Names Minority-dominated Regions For Banks\' Priority Lending Schemes

By Quaid NajmiMumbai, Aug 3 : In a significant move, the Reserve Bank of India (RBI) has released a list of states, Union Territories and districts dominated by different minority...

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Rbi Names Minority-dominated Regions For Banks\' Priority Lending Schemes

By Quaid NajmiMumbai, Aug 3 : In a significant move, the Reserve Bank of India (RBI) has released a list of states, Union Territories and districts dominated by different minority...

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Zomato Says \'not Privy\' To Shareholders\' Plan As Uber Sells 7.8% Stake (lead)

New Delhi, Aug 3 : After ride-hailing platform Uber sold its 7.8 per cent stake worth over $390 million in Zomato, the Deepinder Goyal-run company said on Wednesday it is...

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Fintech Platform Bharatpe Appoints New Cfo Amid Ipo Plans (lead)

New Delhi, Aug 3 : Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for...

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Fintech Platform Bharatpe Appoints New Cfo Amid Ipo Plans (lead)

New Delhi, Aug 3 : Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for...

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Fintech Platform Bharatpe Appoints New Cfo Amid Ipo Plans (lead)

New Delhi, Aug 3 : Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for...

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Homegrown Polymatech To Invest $1 Bn In Chip Manufacturing In India

New Delhi, Aug 3 : Domestic chip manufacturer Polymatech Electronics on Wednesday said it will invest $1 billion in the country towards semiconductor manufacturing by 2025. Polymatech has signed a...

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Homegrown Polymatech To Invest $1 Bn In Chip Manufacturing In India

New Delhi, Aug 3 : Domestic chip manufacturer Polymatech Electronics on Wednesday said it will invest $1 billion in the country towards semiconductor manufacturing by 2025. Polymatech has signed a...

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Irdai Proposes To Allow Insurers To Raise Other Forms Of Capital

Chennai, Aug 3 : The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to allow insurers to issue preference share capital and unsecured debentures/subordinated debt under other forms...

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Sensex Rises For Sixth Straight Session; Nifty Up Just 42 Points

Mumbai, Aug 3 : The benchmark indices ended higher for the sixth straight session on Wednesday, with Sensex rising more than 200 points and Nifty just over 42 points. At...

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Sensex Rises For Sixth Straight Session; Nifty Up Just 42 Points

Mumbai, Aug 3 : The benchmark indices ended higher for the sixth straight session on Wednesday, with Sensex rising more than 200 points and Nifty just over 42 points. At...

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Indigo Reports Highest-ever Quarterly Revenue Of Rs 130.2 Bn

New Delhi, Aug 3 : Leading carrier Indigo, announcing its latest financial results on Wednesday, said that the first quarter of fiscal 2023 witnessed its strongest revenue performance, resulting in...

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Indigo Reports Highest-ever Quarterly Revenue Of Rs 130.2 Bn

New Delhi, Aug 3 : Leading carrier Indigo, announcing its latest financial results on Wednesday, said that the first quarter of fiscal 2023 witnessed its strongest revenue performance, resulting in...

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Rupee Ends Down 45 Paise To Close At 79.16 Against Us Dollar

Mumbai, Aug 3 : The rupee, after registering gains for four straight sessions, depreciated sharply on Wednesday, due to weak macroeconomic data and rise in the dollar index. At the...

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State\'s 10-year Borrowing Cost Fell Over 15 Basis Points Since Last Week

Mumbai, Aug 3 : The borrowing cost of states development loans (SDL), with maturity of 10-year, fell sharply by more than 15 basis points since last week following the steep...

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Y Combinator Cuts Startup Batch Size By 40% Amid Economic Downturn

San Francisco, Aug 3 : Silicon Valley-based startup accelerator Y Combinator has reportedly slashed its summer startup nurtruring batch by 40 per cent as venture capital money disappeared amid the...

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14 New Code C Aircraft Stands Commissioned In Delhi Airport\'s Terminal 1

New Delhi, Aug 3 : The Indira Gandhi International Airport here has successfully commissioned 14 new Code C aircraft stands at its Terminal 1. These are connected with newly built...

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Govt Bond Yields In India Are Expected To Remain Volatile: Churchil Bhatt

By Manish M.SuvarnaMumbai, Aug 3 : Churchil Bhatt, Executive Vice President, Debt Investments, at Kotak Mahindra Life Insurance Company said that in the near term, government bond yields in India...

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Tinder Ceo Departs After Disappointing Results, Company Stops Metaverse Plans

San Francisco, Aug 3 : Dating app Tinder CEO Renate Nyborg has moved on after less than a year in the job, after the company posted disappointing second-quarter results. Match...

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Spicejet In Active Discussion With Middle Eastern Carrier For Possible Stake Sale

New Delhi, Aug 3 : Low cost carrier SpiceJet is said to be in active discussion with a Middle Eastern carrier for a possible stake sale. SpiceJet promoter Ajay Singh...

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Pakistan\'s Inflation Climbs To 24.9 Pct In July

Islamabad, Aug 3 : Pakistan’s consumer price index (CPI), a main gauge of inflation, rose 24.9 per cent year on year in July as compared to the same month a...

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Hyundai, Kia\'s Us Sales Fall 11% Amid Chip Shortage

Seoul, Aug 3 : Hyundai Motor and its affiliate Kia said on Wednesday their combined sales in the United States fell 11 per cent last month from a year earlier...

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Delhi Liquor Stores Partially Reopen, Bars Begin Service

New Delhi, Aug 2 : After remaining shut for a day, liquor stores in Delhi started reopening partially on Tuesday, as the Delhi government’s decision to extend excise licences of...

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Adani Green Energy Ltd Announces Q1 Fy23 Results

Ahmedabad, Aug 2 : Adani Green Energy Ltd (AGEL), the renewable energy arm of Adani Group, on Tuesday announced its financial results for the quarter ended June 30. The company’s...

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Now Bharatpe Co-founder Bhavik Koladiya Moves On

New Delhi, Aug 2 : Fintech platform BharatPaes Co-founder Bhavik Koladiya has moved on from the company to pursue assignments outside BharatPe. Koladiya joins Shashvat Nakrani and Ashneer Grover (who...

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Food Prices Soaring Across Developing World Amid Ukraine Crisis

London, Aug 2 : Food inflation has soared across much of the developing world since Russia’s invasion of Ukraine and has trapped several richer countries in a cycle of rising...

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Uber Lost $707 Mn In Zomato Investment This Year, May Sell Stake For $373 Mn

New Delhi, Aug 2 : Ride-hailing major Uber on Tuesday revealed that it lost about $245 million in its Zomato investment in the second quarter (Q2) this year, along with...

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Uber Reports $2.6 Bn Loss In Q2, Gross Bookings At All-time High

San Francisco, Aug 2 : Uber Technologies on Tuesday said that gross bookings reached an all-time high of $29.1 billion in the second quarter (Q2) this year, up 33 per...

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Irdai Wants Insurers To Pass On Cost Reduction To Policyholders

Chennai, Aug 2 : Proposing a 30 per cent cap on the expenses of management for Indian general insurance companies, sector regulator IRDAI also wants them to have a policy...

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Uber Likely To Sell Its 7.8% Stake In Zomato For Rs 2,938 Cr

New Delhi, Aug 2 : Uber is likely to sell its 7.8 per cent stake in online food delivery platform Zomato that could be worth around Rs 2,938 crore ($373...

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