Business News Updates

New Delhi: Reliance Industries Ltd (RIL) chief Mukesh Ambani is the ninth richest person in the world along with Steve Ballmer of Microsoft and Larry Page of Google, each having a net worth of $67 billion, according to the Hurun Global Rich List 2020. Ambani, 62, maintained a place in the top 10 for the […]

New Delhi: The Government has received Rs 23,701 crore so far as AGR dues till Saturday with the latest payment of Rs 8004 crore by Airtel in its second instalment. Bharti Airtel on Saturday made additional payment of Rs 8,004 crore towards adjusted gross revenue (AGR) dues to the Department of Telecom (DoT). This payment […]

New Delhi: The fuel prices saw a further decline as the price of petrol was cut by 17 paise and that of diesel by 21 paise on Sunday. Petrol now costs Rs 71.71 per litre in Delhi, Rs 77.40 per litre in Mumbai, Rs 74.38 per litre in Kolkata and Rs 74.51 per litre in […]

Mumbai: The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India indicated a positive start for trading in Indian markets on Monday. In a much needed relief after the worst week since the 2008 financial crisis, the index was trading higher by 1.40 per cent to 8.61. Index futures of […]

Mumbai: The Indian rupee appreciated by 20 paise to 72.04 against the US dollar in early trade on Monday tracking positive opening in domestic equities and weakening of the American dollar in the overseas market. At the interbank foreign exchange the rupee opened at 72.09, then gained further ground and touched a high of 72.04 […]

San Francisco: Amazon has confirmed that two of its employees have been infected with the new coronavirus (COVID-19) in Italy. Amazon spokesperson Drew Herdener said that the company was “supporting the affected employees, who were in Milan and are now in quarantine”, a New York Times report said on Sunday, which confirmed the two cases. […]

Mumbai: The benchmark Sensex plunged into the red on Monday minutes after the government said that two cases of Coronavirus have been detected — one each in Delhi and Telangana. The Sensex lost over 700 points within half an hour following an official statement saying that “one positive case of COVID-19 has been detected in […]

Mumbai: The Indian rupee appreciated by 33 paise to 72.43 against the US dollar in early trade on Tuesday tracking positive opening in domestic equities. At the interbank foreign exchange the rupee opened at 72.50, then gained further ground and touched a high of 72.43 against the US dollar, registering a rise of 33 paise […]

New Delhi: Government has collected over Rs 7.52 lakh crore as direct taxes till January 31 of the current fiscal, Rajya Sabha was informed on Tuesday. According to the Revised Estimate (RE), target for collection of direct taxes for the current fiscal year, which ends on March 31, at Rs 11.70 lakh crore. “The total […]

Mumbai: The Indian equity indices slumped on Wednesday afternoon with the BSE Sensex trading over 700 points lower, on persistent fears of coronavirus turning into a pandemic, along with increasing confirmed cases in India. There are at least 25 positive cases of COVID-19 in India at present, the Union Health Minister Harsh Vardhan informed earlier […]

New Delhi: The government has directed the telecom service providers (TSPs) to make payments as per the Supreme Court judgment on AGR and in case of non-payment action will be taken as per licence agreements. This was stated in reply to a question in Lok Sabha on Wednesday by Minister of State for Communications Sanjay […]

Mumbai: Troubled private sector lender Yes Bank was placed under a “moratorium” on late Thursday, with the RBI capping depositor withdrawals at Rs 50,000 per account for a month and superseding the board with immediate effect. The Reserve Bank of India (RBI) took the decision in consultation with the government to protect depositors’ interest. The […]

New Delhi: Reliance Jio has proposed to TRAI that wireless data prices are gradually increased to Rs 20 per GB from Rs 15 per GB currently, after six to nine months while suggesting floor rate for data prices. While advocating for TRAI’s intervention to prescribe floor price for wireless data service, Jio said voice tariff […]

Mumbai: The Indian equity indices slumped on Friday morning, with the BSE Sensex falling over 1,450 points. The slump across the sectoral indices was led by the finance and banking stocks as the Reserve Bank of India on Thursday superseded the board of directors of Yes Bank and placed it under moratorium. Persistent fears of […]

New Delhi: Payment services provider PhonePe has suffered an outage after the Reserve Bank of India (RBI) on Thursday put Yes bank under moratorium. In a tweet, PhonePe said that its services are temporarily unavailable as it is going through an unscheduled maintenance activity. “We are temporarily unavailable. We are going through an unscheduled maintenance […]