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  India to be fastest growing economy this yr: Govt source

  August 11, 2022 20:44 IST

  While inflation continues to be above the comfort zone, the economy has continued on its recovery path, supported by pent-up demand for services and higher industrial output.

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  10 crypto exchanges under ED lens, summons issued

  August 11, 2022 13:35 IST

  ED sources said the crypto exchanges didn't complete the KYC process of their investors. When the ED traced a few investors on the basis of their KYC, they reportedly turned out to be fake.

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  Elon Musk sells $7B in Tesla shares ahead of Twitter fight

  August 11, 2022 7:36 IST

  Musk countersued Twitter last week, accusing the company of fraud over his aborted $44 billion acquisition.

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  Governor Bhagat Singh Koshyari confers Dr. Heramb Shelke with Maharashtra Leadership Award 2022

  August 14, 2022 12:52 IST

  Talking about the Maharashtra Leadership Award he received, Dr. Heramb Shelke expressed his gratitude for this appreciation. "I understand my responsibilities as a responsible citizen and businessman of India and am keen to deliver always the best that benefits everyone and my country," he said.

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  Govt withdraws airfare cap with effect from August 31

  August 10, 2022 20:43 IST

  Govt withdraws airfare cap: The ministry said that after reviewing the current status of scheduled domestic operations viz-a-viz passenger demand for air travel in terms of the purpose specified in the initial order.

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  Defence Expo 2022 to be held in Gandhinagar from Oct 18

  August 08, 2022 19:54 IST

  The exhibition was earlier proposed to be held between March 10 and 14 in Gandhinagar. However, on March 4, the ministry had postponed the event stating that participants were experiencing problems related to logistics.

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  Ford India to sell its Gujarat plant for Rs 725.7 cr to Tatas

  August 08, 2022 18:45 IST

  The Ford India will continue to operate its powertrain manufacturing facility by leasing back the land and buildings of the powertrain manufacturing plant from Tata Passenger Electric.

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  Rupee falls 40 paise to close at 79.64 against US dollar

  August 08, 2022 16:35 IST

  The rupee opened weak at 79.50 per dollar at the interbank foreign exchange market.

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  Sensex climbs 465 points; Nifty above 17,500; Axis Bank, Larsen & Tourbo among top gainers

  August 08, 2022 16:23 IST

  The 30-share BSE gauge climbed 465.14 points or 0.80 per cent to finish at 58,853.07. During the day, it jumped 546.97 points or 0.93 per cent to 58,934.90. The broader NSE Nifty gained 127.60 points or 0.73 per cent to end at 17,525.10.

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  India's forex reserves rises after four weeks of fall

  August 07, 2022 19:03 IST

  In July, foreign investors turned net buyers in the Indian equities nearly after 10 months, with an investment of around Rs 4,980 crore in the Indian equity markets.

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  Vodafone Idea says industry needs tariff increases at regular intervals

  August 07, 2022 18:56 IST

  In the recently concluded spectrum auctions, the company acquired 5G spectrum in its priority circles covering 98 per cent of its revenue base, which will strengthen its competitive position.

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  Will bring back 10 grounded wide-body aircraft to service by early 2023: Air India

  August 07, 2022 14:55 IST

  Air India's newly appointed CMD Campbell Wilson had in the last week of July asked the airline's integrated operations control centre (IOCC).

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  Banks to spend additional $31 billion on 'artificial intelligence' to reduce frauds

  August 07, 2022 12:52 IST

  "In the process of coming up with digital products and services, new channels, and new payment methods, businesses might be overestimating the adequacy of their current defense mechanisms against fraud," said Michael Araneta, Associate Vice President, IDC Financial Insights.

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  India's auto industry expects high sales on back of new launches | Details

  August 07, 2022 11:48 IST

  The festive season, which usually witnesses a spike in automobile sales, begins this year on August 11 with Rakshabandhan stretching up to Diwali on October 25.

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  Alibaba lays off nearly 10K employees amid poor sales

  August 07, 2022 3:00 IST

  Alibaba reported a 50 per cent drop in net income to 22.74 billion yuan ($3.4 billion) in the June quarter, down from 45.14 billion yuan in the same period last year.

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  HPCL Q1 results: Oil company reports record loss of Rs 10,196 cr - here's why

  August 06, 2022 21:18 IST

  HPCL Q1 results: Indian Oil Corporation (IOC) too reported a net loss of Rs 1,992.53 crore for the June quarter.

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  Elon Musk accuses Twitter of fraud in countersuit over abandoned $44 billion deal

  August 05, 2022 23:58 IST

  The countersuit by the billionaire and Tesla CEO alleges that Twitter committed fraud, breach of contract and violation of the Texas Securities Act.

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  Markets end with slight gain as RBI hikes repo rate by 50 bps

  August 05, 2022 16:33 IST

  The 30-share BSE Sensex ended 89.13 points or 0.15 percent higher at 58,387.93 after facing volatility during the fag-end of trade. During the day, it climbed 350.39 points or 0.60 percent to 58,649.19. The broader NSE Nifty went up by 15.50 points or 0.09 percent to finish at 17,397.50.

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  PNG price hike: IGL increases rates by upto Rs 56.23 | CHECK REVISED RATES in your city

  August 05, 2022 14:27 IST

  PNG price hike: The price revision comes amidst rising prices of the natural gas at source both internationally as well as for domestically drilled gas.

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  Indian economy is an island of macroeconomic, financial stability: RBI Governor

  August 05, 2022 13:16 IST

  The RBI governor said the financial stability, macroeconomic stability and resilience of growth is being witnessed despite two Black Swan events happening one after the other and multiple shocks.

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  RBI retains growth forecast at 7.2 per cent for current fiscal

  August 05, 2022 12:53 IST

  RBI monetary policy: The RBI expects growth in the first quarter of the current fiscal at 16.2 per cent, which will taper to 4 per cent by the fourth quarter.

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  RBI hikes lending rate by 50 basis points; home loans, EMIs to get costlier

  August 05, 2022 11:11 IST

  The latest RBI action follows the Bank of England raising rate by 50 basis points, the biggest hike in 27 years, to 1.75 per cent.

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  RBI likely to hike policy rates tomorrow to check inflation

  August 04, 2022 23:32 IST

  RBI rate hike: The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- is meeting to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.

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  Rupee falls 17 paise to close at 79.32 against US dollar

  August 04, 2022 17:56 IST

  The rupee on Wednesday had slumped by 62 paise to close at 79.15, marking its worst single-day fall in the current fiscal year.

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  Walmart lays off 200 corporate employees amid rising inflation

  August 04, 2022 14:30 IST

  Walmart news: The news of layoffs at Walmart came as after the company recently slashed its profit outlook due to inflation.

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  Elon Musk response to Twitter lawsuit to be made public by August 5

  August 04, 2022 9:38 IST

  Elon Musk-Twitter news: Attorneys for Musk wanted to file a public version of their answer and counterclaims in Delaware court on Wednesday.

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  LIC breaks into Fortune 500 list, Reliance jumps 51 places

  August 03, 2022 23:38 IST

  The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list.

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  Delhi: Petrol Pumps, CNG Stations will be able to have EV Charging Stations at lesser license fee

  August 03, 2022 22:14 IST

  Delhi News: The decision was taken during a meeting of the urban body chaired by Lt Governor V K Saxena, who also gave nod to several other key proposals, including relaxing norms for owing a DDA flat by members of the economically weaker section (EWS) of the society.