Business News Updates

Mumbai: The BSE Sensex zoomed 447 points to settle above the psychological 50,000-mark on Tuesday, buoyed by hectic buying in auto, banking and IT counters amid positive domestic and global cues. The 30-share index swung nearly 633 points during the session, before ending at 50,296.89, showing a rise of 447.05 points or 0.90 per cent. […]

New Delhi: The All India Mobile Retailers Association (AIMRA) has written a letter to Prime Minister Narendra Modi, stressing that Amazon’s operations in India should be suspended until a probe into the company is done. AIMRA, a trade union that represents more than 1.5 lakh mobile phone retailers in the country, said that Amazon, along […]

New Delhi: India ranks third in the world for women working in senior management positions, according to the Women in Business 2021 report by global accounting and consulting firm Grant Thornton. The percentage of women in senior management for India stood at 39 per cent, as against the global average of 31 per cent, which […]

New Delhi: Healthy rise in new orders accelerated India’s services sector output growth in February. Moreover, the roll out of the Covid-19 vaccine led to an improvement in business confidence towards growth prospects. However, employment declined for the third month in a row and companies noted the sharpest rise in overall expenses for eight years. […]

Mumbai: Snapping its three-session winning run, the BSE Sensex plunged by around 599 points to crack below the key 51,000-level on Thursday amid a meltdown in global shares triggered by a surge in US bond yields. Intra-day, the 30-share BSE index fell as much as 905 points before ending the session at 50,846.08, showing a […]

New Delhi: Government may examine a proposal to extend provision of free LPG cylinders for Ujjwala scheme beneficiaries for three months again in FY22 to provide relief to over 83 million BPL households from rising price of the cooking gas. The 14.2-kg cylinder’s price has risen by over Rs 125 per cylinder since January in […]

New Delhi: With a view of listing the state-run insurance major Life Insurance Corporation of India (LIC), the government has proposed to raise the authorised capital of LIC to Rs 25,000 crore. As per the amendments proposed under the Finance Bill 2021, the authorised share capital of LIC shall be Rs 25,000 crore divided into […]

New Delhi: There is good news for consumers who are going to junk their old vehicles and buy a new one under the Vehicle Scrapping Policy as automakers will give about 5 per cent rebate on the new purchase, Union minister Nitin Gadkari has said. The voluntary vehicle scrapping policy announced in the Union Budget […]

New Delhi: Oil marketing companies have spared fuel consumers of yet another petrol and diesel price hike even though the global oil market is on boil with crude crossing a year high of $70 a barrel. Accordingly, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the […]

New Delhi: Before Elon Musk-led Tesla finally makes its India entry, ride-hailing platform Ola on Monday announced world’s largest two-wheeler manufacturing facility called Ola FutureFactory that will have annual production capacity of one crore vehicles and will be operational by 2022. The factory will generate 10,000 direct employment, along with additional jobs being created by […]

New Delhi: PUBG Mobile developer Krafton has invested $22.4 million in the homegrown esports company Nodwin Gaming, the media reported on Tuesday. According to TechCrunch, the aim is to “maintain some presence in what was once its key overseas market” after the ban on PUBG along with several other Chinese apps last year (although Krafton […]

New Delhi: Telecom regulator TRAI on Tuesday suspended the newly-implemented norms for commercial text messages for one week, following disruptions in SMS and OTP deliveries for banking, payment, and other transactions. The norms with respect to content template for text messages came into effect on Monday. The move to suspend the norms would enable the […]

New Delhi: The Bharatiya Janata Party (BJP) has released a list of ‘Star Campaigners’ for West Bengal and Assam Assembly polls. Prime Minister NArendra Modi will lead the party’s campaign in both the states. Actor Mithun Chakraborty, who joined the BJP at the Prime Minister’s rally on Sunday, has been made one of the star […]

Paris: The global gross domestic product (GDP) will grow at 5.6 per cent this year if Covid-19 vaccination rollouts are fast and effective enough across the world, the Paris-based Organization for Economic Cooperation and Development (OECD) said. World output is expected to reach pre-pandemic levels by mid-2021 and the global economy is expected to grow […]

New Delhi: Although businesses and economic activities around the world have resumed post the pandemic-related lockdowns, most countries are unlikely to return to their pre-pandemic activity levels until 2022, a report by Moody’s Investors Service said. As per the report, a slow and bumpy global recovery is expected. It, however, added that despite the relative […]