Business News Updates

Bengaluru: Chinese handset maker Xiaomi on Saturday announced that it has achieved a record-breaking sale of over 53 lakh devices during the festive season sale period in India. “This festive season has been astounding for Xiaomi and we are thrilled that over 5.3 million people decided to celebrate along with us. Every year, we try […]

New Delhi: Petrol and diesel price continued to decline for the fourth consecutive day on Sunday, with the Oil Marketing Companies (OMCs) slashing prices in four metros. After four days of slide in the price of the fuels in the national capital, petrol has become cheaper by 72 paisa while diesel fell by 46 paisa. […]

Bengaluru: Amazon India on Sunday announced the Celebration Special of the Great Indian Festival which brings deals and offers on a wide range of smartphones, laptops, cameras, TVs and other gadgets. Amazon’s new festive sale will start from October 13 midnight until 11.59 p.m. on October 17. Prime members can grab great deals first with […]

Mumbai: A recent survey conducted by the Reserve Bank of India (RBI) shows that the sentiment among the general public on the employment scenario in the country has declined significantly. The perception on the economic situation has also weakened, showed the survey. “Households’ sentiments on the general economic situation and the employment scenario declined further, […]

New Delhi: In a big relief to the people in this festive season, petrol and diesel price continued to decline for the fifth consecutive day on Monday. Petrol prices were cut by 13 paisa per litre, while diesel prices were down by 12 paisa per litre in Delhi, Kolkata, Mumbai and Chennai. According to the […]

New Delhi: Amid economic slowdown fears, smartphone makers in India are busy celebrating Diwali in advance, raking in millions on both online and offline platforms during the festive sales as Indians make a beeline to make most of the exciting offers and discounts. In the smartphone category, there has been 15 times growth this year, […]

New Delhi: From Gujarat’s Himmatnagar to Assam’s Jorhat, food delivery platform Swiggy has expanded its services to 500 cities in India, matching rival Zomato’s reach in the country. Unveiling its plan on Monday, Swiggy, which has added 60,000 new restaurants in the past six months, said it would expand to 600 cities by December 2019. […]

Mumbai: Domestic currency depreciated 13 paise to fall below the physiological mark of 71 a dollar on Monday. This comes after the Reserve Bank of India sharply lowered its FY20 growth forecast from 6.9 per cent earlier to 6.1 per cent. However, RBI expects 2QFY20 GDP growth at 5.3 per cent and it forecasts sharp […]

Mumbai: A state-run State Bank of India (SBI) report on Monday said that the deposit insurance coverage in India is one of the lowest in the world. A deposit insurance coverage ensures that the depositor gets a certain amount, before the bank pays other parties at the time of liquidation. In India, deposits are insured […]

New Delhi: Driven by a rise in orders from non-metro towns across India, e-commerce platform Snapdeal’s first Diwali sales volumes of this year saw a growth of 52 per cent over last year, the company said on Monday. Nine out of every 10 orders received on the platform were from non-metro towns in the country, […]

New Delhi: Dubbed as a major initiative in the direction of taxation reform, the Income-Tax Department on Monday launched a faceless e-assessment scheme to eliminate interface between an assessing officer and a taxpayer. To begin with, 58,322 income tax cases have been selected under the National e-Assessment Center (NeAC), officially launched by Revenue Secretary Ajay […]

Mumbai: Samsung Electronics Vice Chairman Lee Jae-yong is currently in India, provoking speculation that the South Korean tech giant may make further investments to expand its presence in the country, industry sources said on Monday. Lee is likely to meet Prime Minister Narendra Modi and Reliance Industries Chairman Mukesh Ambani this week, reports Yonhap news […]

New Delhi: If the Indian government does not allow Huawei to build a fifth-generation (5G) network in the country, then Indian telecom operators may have to spend more on 5G infrastructure, US Rating agency Fitch has said in a report. “We are of the opinion that Indian telcos may need to invest more on 5G […]

Seoul: Samsung Electronics Co. said on Tuesday its operating earnings plunged 56 per cent in the third quarter from a year earlier, mainly hit by continuing falls in global chip prices, but its performance was better than the market had expected. The operating profit was estimated at 7.7 trillion won ($6.4 billion) in the July-September […]

New Delhi: The Indian economy which has largely been subdued in the past few quarters and signs of a slowdown have cropped up, is likely to face several more risks in the near term, according to the Reserve Bank of India (RBI). The RBI in its Monetary Policy Report, October 2019, has also said that […]