Business News Updates

Mumbai: Equity benchmark Sensex tanked 871 points on Monday, dragged by a selloff in financial stocks as spiking COVID-19 cases spooked investors and fanned concerns over economic recovery. After plunging…

New Delhi: Petrol and diesel price rise continued on the pause mode on Monday, the third consecutive day of no price change, as oil marketing companies decided to watch the revolving oil market before taking a call on further changes. Before the pause, petrol and diesel prices had risen sharply on Thursday and Friday, taking […]

Mumbai: Visa on Monday announced the recipients of its grant programme in India to boost women entrepreneurship globally and empower budding businesswomen. As part of Visa’s first global grant programme in partnership with IFundWomen, Bunko Junko, My Chapter One and MoWo Social Initiatives each received a Rs 7,00,000 grant from Visa and resources from Instamojo […]

Mumbai: The Sensex closed above 51,000 points for the first time while the Nifty smashed past the 15,100-mark on Monday as the post-Budget rally continued for the sixth session amid strong corporate results and robust foreign fund inflows. A persistently bullish trend in global markets further bolstered risk appetite, traders said. After touching a lifetime […]

Bengaluru: NSE Nifty is up 14 times in 25 years, traversing its journey from 1,107 to 15,000 points mark in the last 25 years. For the first time in history, the Nifty has closed above the psychological mark of 15,000 on February 8, 2021. According to a report by Motilal Oswal Financial Services, the Nifty […]

New Delhi: The government will soon bring a bill on cryptocurrencies as existing laws are inadequate to deal with issues concerning them, Minister of State For Finance Anurag Thakur told Rajya Sabha on Tuesday. Replying to a question in the Upper House, Thakur said regulatory bodies like RBI and Sebi do not have any legal […]

New Delhi: As the economy emerges out of the pandemic-induced slowdown, a report by the Department of Economic Affairs (DEA) has said that the outlook for growth and inflation of the country in the upcoming financial year (2021-22) indicates a “more than full recovery” of the economy. The ‘Monthly Economic Review’ for January 2021 said […]

Mumbai: The shares of multiplex players PVR and Inox Leisure plunged on Monday post the Maharashtra government’s decision to shut cinema halls and multiplexes amid rising number of Covid cases.…

World’s largest coffeehouse chain Starbucks which is owned by the Tatas in India announced the appointment of Sushant Dash as the new chief executive officer (CEO) of the premium coffee brand in India. The appointment will be effective from May 1. This announcement which marked the landmark professional success of  Odisha’s indigenous talent is a […]

Mumbai: High commodity prices along with lower sales volumes are likely to put pressure on automakers’ margins after an improvement Q3FY21, Fitch Ratings said in a report. “We believe the price hikes announced by automakers in January 2021 will not fully offset higher costs.” the report said. “We expect a quarter-on-quarter decline in volume from […]

Mumbai: Equity benchmarks reversed their two-session slide to finish at fresh closing highs on Thursday, propelled by robust gains in market heavyweight Reliance Industries. Dovish comments from US Federal Reserve Chair Jerome Powell also bolstered global investor sentiment, which augurs well for fund flows into emerging markets like India, analysts said. Overcoming bouts of mid-session […]

Bhubaneswar/New Delhi: In the backdrop of the spat with Twitter, homegrown microblogging platform Koo has seen a massive surge in user base in the last few days with the government to ministers and eminent personalities also endorsing the rival app of the microblogging giant Twitter. From information technology ministry using Koo to broadcast its stand […]

New Delhi: Passengers will have to shell out more money for air travel from now as the Civil Aviation Ministry on Thursday increased the lower and upper limits on domestic airfares by 10 to 30 per cent. These new limits would remain “in force up to March 31, 2021, or until further orders”, the ministry […]

Seoul/New Delhi: LG Electronics said on Monday that it will withdraw from the mobile business after years of money-losing performance amid intensifying competition with bigger rivals. The South Korean tech…

Ahmedabad: Private sector ports and logistics company Adani Ports and Special Economic Zone Ltd. (APSEZ) is acquiring the residual 25 per cent stake in Adani Krishnapatnam Port Ltd., (Krishnapatnam Port)…