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  Markets tank nearly 2% amid weak global markets; Sensex falls 1000 points, Nifty settles at 17,530

  September 16, 2022 16:34 IST

  The 30-share BSE Sensex tanked 1,093.22 points or 1.82 per cent to settle at 58,840.79. During the day, it tumbled 1,246.84 points or 2 per cent to 58,687.17. The NSE Nifty declined 346.55 points or 1.94 per cent to close at 17,530.85.

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  Market updates: Sensex tanks over 1000 points on heavy sell-off; Nifty around 17,550

  September 16, 2022 14:46 IST

  Earlier this week, rating agency Fitch reduced India's projected gross domestic product growth for the current fiscal year from 7.8% to 7% due to a slowdown brought on by increased inflation, global economic stress, and tighter RBI monetary policy.

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  Gautam Adani becomes world’s second richest person: Forbes data

  September 16, 2022 15:39 IST

  According to Forbes’ Real-Time Billionaires List, Adani and his family’s net worth as of early Friday stood at $155.4 billion against Arnault’s $155.2 billion.

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  Govt revises definition of small cos; more firms to have reduced compliance burden

  September 16, 2022 11:36 IST

  An auditor of a small company is not required to report on the adequacy of the internal financial controls and its operating effectiveness in the auditor's report, and such companies need to hold only two board meetings in a year.

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  Rupee falls 11 paise to 79.82 against US dollar in early trade

  September 16, 2022 11:01 IST

  At the interbank foreign exchange market, the rupee opened at 79.80 against the greenback, then fell to 79.82, registering a decline of 11 paise over its last close.

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  Sensex falls over 500 points in early trade amid weak global markets

  September 16, 2022 10:47 IST

  From the Sensex pack, Mahindra & Mahindra, Tech Mahindra, TCS, Wipro, HDFC, Infosys, Axis Bank, HCL Technologies, and Power Grid were among the major laggards. IndusInd Bank, Bajaj Finance, Sun Pharma, and Asian Paints were among the early gainers.

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  India set to become 10 trillion-dollar economy by 2030: Hardeep Singh Puri

  September 16, 2022 8:26 IST

  Puri addressed 25th Energy Technology Meet, organized by Centre for High Technology, under the aegis of Petroleum and Natural Gas Ministry, Govt of India, in association with Hindustan Petroleum Corporation Ltd in Mumbai.

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  Vedanta-Foxconn plant: NCP says no hope of semiconductor unit coming back to Maharashtra

  September 15, 2022 19:11 IST

  Vedanta-Foxconn Plant: The Opposition parties have sought to corner the Eknath Shinde-Bharatiya Janata Party (BJP) government following the announcement two days ago that the Rs 1.54 lakh crore semiconductor plant would be set up in neighbouring Gujarat and not in Maharashtra as proposed earlier.

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  Fitch slashes India's FY23 GDP growth forecast to 7% on slowing global economy, rising interest cost

  September 15, 2022 17:02 IST

  The rating agency said inflation moderated in August as crude oil prices eased but the risk to food inflation persists given negative seasonality towards the end of this year.

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  TCS leads as India's most valuable brand in market valuation | Check list

  September 15, 2022 16:13 IST

  Reliance Industries continued to remain the most valued firm in the ranking of top 10 firms by market capitalisation.

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  Markets rebound in early trade

  September 15, 2022 11:08 IST

  From the Sensex pack, Maruti, ICICI Bank, NTPC, Larsen & Toubro, Kotak Mahindra Bank, and Mahindra & Mahindra were the major gainers in the initial trade.

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  Rupee rises 5 paise to 79.47 against US dollar in early trade

  September 15, 2022 11:02 IST

  At the interbank foreign exchange, the domestic unit opened at 79.53 against the dollar, then touched 79.47 in initial deals, registering a gain of 5 paise over its previous close.

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  In embarrassment to Punjab govt, BMW denies any plan to set up auto parts manufacturing plant

  September 14, 2022 23:57 IST

  BMW's statement came a day after the Punjab government claimed that BMW had agreed to set up its auto part manufacturing unit in the state.

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  WPI inflation eases to 12.41 per cent in August

  September 14, 2022 13:25 IST

  Business news: The Wholesale Price Index-based inflation was 13.93 per cent in July and 11.64 per cent in August, 2021.

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  Rupee falls 43 paise to 79.60 against US dollar in early trade

  September 14, 2022 11:15 IST

  At the interbank foreign exchange market, the rupee opened at 79.58 against the greenback, then fell to 79.60, registering a decline of 43 paise over its last close.

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  Equities fall in early trade; Sensex slides 530 points

  September 14, 2022 11:11 IST

  The 30-share Sensex plunged 530.36 points or 0.88 percent to 60,040.72 points while the Nifty declined 150.75 points or 0.83 percent to 17,919.30 points.

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  Govt conducting pilot projects to replace toll plazas with automatic number plate recognition system

  September 13, 2022 18:46 IST

  Gadkari said that the government is now looking at two options -- a satellite-based toll system where the GPS will be there in a car and the toll will be directly subtracted from the passenger's bank account and the other option through number plates.

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  India's first chip factory: Vedanta-Foxconn to invest Rs 1.54 lakh crore | 10 Points

  September 13, 2022 23:47 IST

  India's first chip factory: The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit on a 1000-acre land in the Ahmedabad district.

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  IOC gives Rs 50 cr for Cheetah relocation project

  September 13, 2022 15:00 IST

  Under this project, 15-20 Cheetahs will be flown in from Namibia and South Africa and will be introduced at Kuno National Park, Madhya Pradesh. IOC will be contributing Rs 50.22 crore over five years for cheetah reintroduction.

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  ED arrests man for cheating people on pretext of making investments in Russian oil firm

  September 13, 2022 12:51 IST

  The ED said Ashish Malik was arrested by the EOW in May for "duping more than 1,000 people on the pretext of making an investment in a Russian oil company named Rosneft.

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  Rupee rises 28 paise to 79.25 against US dollar in early trade

  September 13, 2022 12:04 IST

  At the interbank foreign exchange, the domestic unit opened at 79.30 against the dollar, then touched 79.25 in initial deals, registering a gain of 28 paise over its previous close.

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  Sensex rises 359 points in early trade; Nifty crosses 18,000-level

  September 13, 2022 11:01 IST

  Asian markets, including South Korea and Hong Kong, were trading higher, and the US and European markets closed in the green territory.

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  Retail inflation inches up to 7% in August on costlier food items

  September 13, 2022 0:39 IST

  Inflation: According to the data, inflation in food basket was 7.62 per cent in August, up from 6.69 per cent in July and 3.11 per cent in August 2021.

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  IIT Madras joins IBM Quantum Network to advance quantum computing in India

  September 12, 2022 18:03 IST

  As a member of the IBM Quantum Network, IIT-M will get cloud-based access to IBM’s most advanced quantum computing systems and IBM’s quantum expertise to explore practical applications and realize the wide-ranging benefits of this technology for business and society.

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  Rupee falls 10 paise to 79.67 against US dollar in early trade

  September 12, 2022 10:54 IST

  At the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close. In initial deals, the local unit also touched 79.64 against the dollar.

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  Sensex revisits 60k-mark in early trade

  September 12, 2022 10:42 IST

  From the 30-share Sensex pack, Tech Mahindra, Infosys, Bajaj Finserv, Mahindra & Mahindra, Tata Steel, and ICICI Bank were leading the gainers' chart.

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  India has 100 unicorns with a value at USD 250 billion: FM Sitharaman

  September 11, 2022 23:08 IST

  Nearly 25 per cent of the start-ups in the Silicon Valley were managed by people of Indian origin and it was a matter of pride, she said at an event here.

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  Reliance can explore reorganising company to list subsidiaries: Report

  September 11, 2022 12:09 IST

  Company management and shareholders may consider a reorganisation of the company to achieve three mutually linked objectives of structure, succession and segregation.