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  Inflation may fall to 5.2 pc next fiscal on normal rains, ease in supplies sans no exogenous shocks

  October 02, 2022 12:57 IST

  The Reserve Bank of India (RBI) expects retail inflation to come under control at 5.2 per cent in the next financial year beginning April, down from 6.7 per cent it has forecast for the current year.

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  Seven of top-10 firms lose Rs 1.16 lakh crore in mcap; Reliance worst hit

  October 02, 2022 10:45 IST

  While Reliance Industries, HDFC Bank, ICICI Bank, SBI, Bharti Airtel, Bajaj Finance and HDFC were the laggards from the top-10 pack, TCS, Hindustan Unilever and Infosys emerged as the gainers.

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  Good news for railway employees: Centre approves Productivity-Linked Bonus for 2021-22

  October 02, 2022 7:53 IST

  Railway employees bonus: About 11.27 lakh non-gazetted Railway employees are likely to benefit from the decision. This payment will be made before the Dussehra holidays, said the Ministry of Railways.

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  GST mop-up in September at Rs 1.47 lakh crore; festive season to push up revenues in coming months

  October 01, 2022 16:58 IST

  The growth in GST revenue till September 2022 over the same period last year is 27 percent, thus continuing to display very high buoyancy.

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  Govt extends deadline for filing tax audit report till Oct 7

  October 01, 2022 16:31 IST

  Income Tax: Under the income tax act, those taxpayers who need to get their accounts audited by a chartered accountant are required to file the tax audit report with the I-T department by September 30.

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  Airtel 5G launches in 8 cities

  October 01, 2022 17:28 IST

  Airtel 5G launch: According to a senior company official, Airtel 5G services will be available at existing 4G rates and a new tariff for 5G will be announced after some time.

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  Voda Idea says its 5G rollout journey will begin soon; doesn't specify launch timeline

  October 01, 2022 15:59 IST

  Financial pressure has been mounting on cash-strapped Vodafone Idea, despite opting to convert about Rs 16,000 crore of interest liability payable to the government into equity.

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  UPI transactions up over 3 per cent at 678 crore in September: NPCI Data

  October 01, 2022 14:10 IST

  UPI transactions: In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore).

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  Rs 2/ltr additional excise duty on petrol put off by one month; diesel by six months

  October 01, 2022 13:56 IST

  Union Finance Minister Nirmala Sitharaman had in her Budget for the fiscal year beginning April 2022 brought a Rs 2 per litre additional levy on petrol and diesel that is not blended with ethanol and bio-diesel, respectively.

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  Jio to cover entire India with affordable 5G by Dec 2023, says Mukesh Ambani

  October 01, 2022 14:50 IST

  Jio 5G launch: Reliance Jio chairman Akash Ambani said, "Jio plans to cover entire India by December... We will make it very affordable, it should be affordable for every Indian - right from device to service."

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  'New era about to begin': Telecom leaders welcome 5G launch | Top Points

  October 01, 2022 13:00 IST

  5G services launched: Industrialist Mukesh Ambani announced that his telecom firm Reliance Jio will launch 5G services across the country by December 2023.

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  New rules for debit, credit cards kick in with tokenisation from today | FULL DETAILS

  October 01, 2022 12:58 IST

  Debit credit cards tokenisation: On September 30, RBI said about 35 crore cards have been tokenised and the system is ready for the new norms which will set in from October 1. The number of tokenised cards had gone up from 19.5 crore tokens created in June, according to data shared by RBI earlier.

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  Gas prices hiked 40%; CNG, PNG to cost more

  September 30, 2022 20:53 IST

  The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to USD 8.57 per million British thermal units from the current USD 6.1, according to an order from the oil ministry's Petroleum Planning and Analysis Cell (PPAC).

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  How MSMEs can procure NBFC loans without mortgaging assets

  September 30, 2022 16:17 IST

  By disclosing relevant business data and maintaining a clean credit history, small enterprises can obtain cash flow-based loans that could ease financial problems.

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  RBI cuts growth forecast to 7% for current fiscal

  September 30, 2022 11:48 IST

  Unveiling the fifth monetary policy for this fiscal, RBI Governor Shaktikanta Das said the central bank remains committed to price stability to put the country on a sustained path of growth.

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  RBI hikes repo rate by 50 basis points to 5.9%; EMIs set to rise again

  September 30, 2022 10:50 IST

  RBI rate hike: The Reserve Bank's rate-setting panel on Wednesday started deliberations on the keenly awaited monetary policy amidst the expectation of 50 basis points hike.

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  Govt hikes interest rates on some small savings schemes by up to 30 bps in Q3

  September 29, 2022 18:48 IST

  With the revision, a three-year time deposit with post offices would earn 5.8 percent from the existing 5.5 percent, an increase of 30 basis points for the third quarter of the current financial year.

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  Markets rebound in early trade amid recovery in global equities

  September 29, 2022 11:31 IST

  Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.

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  Rupee falls by 40 paise to all-time low of 81.93 against the US dollar

  September 28, 2022 11:03 IST

  Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

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  Registration of IMEI number of all mobile phones must before sale in India from next year

  September 27, 2022 22:30 IST

  The government has launched the Central Equipment Identity Register (CEIR) project to block and trace lost or stolen mobile phones and added Indian Counterfeited Device Restriction (ICDR) system to curb proliferation of such handsets.

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  Rupee rises by 9 paise to close at 81.58 against the US dollar

  September 27, 2022 18:03 IST

  The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback.

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  Gautam Adani to invest $100 billion across new energy, data centres

  September 28, 2022 18:22 IST

  The ports-to-energy conglomerate will add 45 gigawatts of hybrid renewable power generation capacity and build 3 Giga factories to manufacture solar panels, wind turbines and hydrogen electrolyser.

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  How to protect your finances from cyber threats this festive season: Learn from the experts

  October 25, 2022 12:29 IST

  While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season.

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  Markets fall sharply in early trade; Sensex tumbles 817 points

  September 26, 2022 10:07 IST

  Power Grid, Tata Steel, Maruti, Mahindra & Mahindra, NTPC, IndusInd Bank, Axis Bank and Titan were the major laggards in the early trade.

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  Apple now manufacturing iPhone 14 in India as tech titan bets big on country's Make in India dream

  September 26, 2022 7:50 IST

  The government has unveiled attractive incentives to spur local production and export of telecom and networking equipment as well as IT products, and a Rs 76,000 crore semiconductor scheme was announced late last year to boost local manufacturing of chips and display panels.

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  RBI set for fourth straight rate hike to quell inflation, say experts

  September 25, 2022 16:52 IST

  The RBI Governor-headed Monetary Policy Committee (MPC) is scheduled to start its three-day deliberations on Wednesday. The decision of the rate-setting panel would be announced on Friday (September 30).

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  Free trade talks in final phase with Diwali deadline in sight, says London Lord Mayor

  September 25, 2022 11:54 IST

  Vincent Keaveny, the 693rd Lord Mayor who represents the financial hub of the City of London globally, has just returned from a four-day visit to India following meetings with leading Indian businesses and investors and finance chiefs at RBI and SEBI.

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  Market updates: 7 of top-10 firms lose Rs 1.34 lakh cr in mcap; RIL biggest laggard

  September 25, 2022 11:50 IST

  Reliance Industries retained its top spot in the list of the most valued Indian firms, followed by TCS, HDFC Bank, HUL, ICICI Bank, Infosys, SBI, Bajaj Finance, Adani Transmission and ITC.