Business News Updates

New Delhi: Owing to deals spill over and weakening demand in the pandemic, the overall server market in India witnessed a year-over-year (YoY) decline of 11.2 per cent in terms of revenue to reach $266.1 million in Q4 2020, an IDC report showed on Thursday. The x86 server market contribution grew to 92.9 per cent […]

New Delhi: Reserve Bank of India Governor Shaktikanta Das on Thursday said that the central bank has flagged major concerns over cryptocurrency to the government. Speaking at the Times Network India Economic Conclave, the Governor said that digital currency is one thing and the cryptocurrencies which are being traded in the market is something else. […]

Mumbai: Equity benchmark Sensex plunged 740 points on Thursday, dragged by losses in index majors Reliance Industries, Infosys and HDFC Bank as monthly derivatives expired amid weak cues from global markets. The 30-share BSE index ended 740.19 points or 1.51 per cent lower at 48,440.12, and the broader NSE Nifty declined 224.50 points or 1.54 […]

New Delhi: As the economy and businesses limp back to normalcy amid the pandemic with the country’s employment scenario still under a cloud, data from the Ministry of Statistics and Programme Implementation shows that there is a recovery in the job market with over 8.20 lakh new people joining the formal workforce. The data showed […]

New Delhi: Oil marketing companies on Friday went on pause mode and decided against revising petrol and diesel after cutting its retail rates in the previous two days. Accordingly, the pump price of petrol and diesel remained at previous days level of Rs 90.78 and Rs 81.10 a litre respectively in the national capital. Petrol […]

New Delhi: Appreciating the Supreme Court judgement which set aside the NCLAT order that had restored Cyrus Mistry as the executive chairman of the Tata Sons, Ratan Tata, the Chairman Emeritus of Tata Sons said that the verdict is a validation of the values and ethics of the group. “It is not an issue of […]

New Delhi: The Food Safety and Standards Authority of India (FSSAI) has made it mandatory for manufacturers of packaged drinking water and mineral water to take BIS certification for obtaining license or registration from the regulator. The FSSAI on Friday said that FBOs(Food Business Operators) will have to mandatorily upload copy of the BIS (Bureau […]

New Delhi: The Indian media and entertainment (M&E) sector is expected to grow by 25 per cent in 2021 and is expected to reach Rs 1.73 lakh crore ($23.7 billion), according to a FICCI-EY report. Titled ‘Playing by new rules’, the report said that with its current trajectory, the M&E sector in India is expected […]

San Francisco: A former Amazon worker has sued the e-commerce giant in the US for not scheduling the mandatory 30-minute meal breaks for employees. Lovenia Scott, a former employee of Amazon’s fulfilment centre in Vacaville, California, alleged that the company didn’t provide enough rest breaks for workers, The Verge reported on Saturday. “When they did […]

New Delhi: Centre’s move to allow the direct sale of ethanol as a fuel for compatible automobiles is expected to boost demand, said India Ratings and Research (Ind-Ra). According to the agency, the move assumes significance especially for the sugar industry as India might not be able extend export subsidies beyond 2023, according to the […]

New Delhi: Stock markets in Asia heaved a sigh of relief and crude oil prices fell as the vessel blocking the Suez Canal was freed. This will clear the canal and allow movement on the busiest waterway in the world. Crude prices fell after rising 4 per cent over the last few days as the […]

Mumbai: Equity benchmark Sensex rallied over 500 points in early trade on Tuesday, tracking gains in index majors HDFC twins, HUL and ICICI Bank amid largely positive cues from the Asian peers. The 30-share BSE index was trading 510.31 points or 1.04 per cent higher at 49,518.81, and the broader NSE Nifty surged 162.70 points […]

Mumbai: About 52 per cent of Indian organisations said they fell victim to a successful cybersecurity attack in the last 12 months, according to a survey released on Tuesday. Of these successful breaches, 71 per cent of organisations admitted it was a serious or very serious attack, and 65 per cent said it took longer […]

Mumbai: The Reserve Bank of India (RBI) on Wednesday said that Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) will charge an applicable average base rate of 7.81 per cent from their borrowers during the April-June quarter. The average base rate charged during the current quarter is 7.96 per cent. “The Reserve Bank of India […]

New Delhi: As per the directives of the Central Board of Direct Taxes (CBDT), it is mandatory for all Permanent Account Number (PAN) card holders to link their Aadhaar with PAN on or before March 31. ‘If your Aadhaar is not linked then your PAN will be considered inoperative and this will have an impact […]