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  Bank of England hikes interest rates but resists bolder move

  June 16, 2022 17:51 IST

  While the United Kingdom's central bank began raising interest rates earlier than its counterparts, the Bank of England is now trailing the US Federal Reserve in the worldwide fight against inflation fuelled by soaring food and energy prices.

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  Markets go into tailspin after Fed rate hike; Sensex tumbles 1,046 points, Nifty ends below 15,400

  June 16, 2022 18:46 IST

  Across-the-board selling played havoc on the headline indices, with index majors Reliance Industries and HDFC twins contributing most to the decline.

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  Sensex crashes over 1,000 points, Nifty below 15,400 as bears tighten grip; Metal stocks drag

  June 16, 2022 17:54 IST

  Sensex, Nifty News Today: Massive sell-off in metal stocks triggered a downfall in the afternoon session, pushing Nifty50 to breach major support of 15,500.

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  Air travel to become dearer as ATF price hits all-time high after 16% hike

  June 16, 2022 14:06 IST

  Air Travel To Become Expensive: Jet fuel price has been hiked by 16 per cent in step with firming international oil rates.

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  Minimum 10-15% increase in airfares must due to ATF price increase, rupee slide: SpiceJet

  June 16, 2022 11:22 IST

  SpiceJet said that it has tried to absorb as much of the burden of fuel price rise in the last few months.

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  Markets bounce back after 4-day decline; Sensex rebounds 601 points, Nifty above 15,800

  June 16, 2022 10:17 IST

  The S&P BSE Sensex rallied more than 600 points to trade above 53,000, the NSE Nifty50 gained 171 points to sit comfortably above 15,800. Bank Nifty was also in the green.

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  US Fed Reserve raises interest rates by 75 bps to tame inflation; biggest hike since 1994

  June 16, 2022 0:11 IST

  The move the Fed announced after its latest policy meeting will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.

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  Rupee slips 13 paise to close at all-time low of 78.17 against US dollar

  June 15, 2022 17:25 IST

  At the interbank foreign exchange market, the local currency opened at 77.99 and finally settled at its all-time low of 78.17, down 13 paise over its previous close of 78.04.

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  Bitcoin price prediction: Will the most popular cryptocurrency fall to $13,000? Experts speak

  June 16, 2022 8:38 IST

  Bitcoin (BTC) Price Prediction: Bitcoin, the world's largest cryptocurrency by market cap, has slipped to $20,000.

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  Will Federal Reserve go for big rate hike to fight inflation? Decision today

  June 15, 2022 12:59 IST

  Federal Reserve Interest Rate Hike Decision: Federal Reserve chair Jerome Powell will announce the decision of a two-day policy meeting on Wednesday.

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  5G in India coming soon: Modi govt clears proposal to auction spectrum

  June 15, 2022 13:17 IST

  5G in India: As part of the process, a total of 72 gigahertz (GHz) of spectrum with a validity period of 20 years will be put to auction.

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  SBI hikes home loan interest rate; EMIs set to go up

  June 15, 2022 10:40 IST

  SBI Home Loan Interest Rate: SBI has revised by up to 0.20 per cent the MCLR, a move that will increase home, auto, and personal loan EMIs.   

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  Sensex opens 153 points lower, Nifty below 15,700

  June 15, 2022 10:22 IST

  The BSE benchmark was trading 153.25 points lower at 52,540.32 in early trade. The Nifty declined by 39.55 points to 15,692.55.

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  Air India gets CCI approval to acquire entire stake in AirAsia India

  June 15, 2022 9:12 IST

  AirAsia India is a joint venture between TSPL and Air Asia Investment Limited (AAIL), with TSPL presently holding 83.67 per cent and AAIL owning a 16.33 per cent stake.

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  Petrol, diesel shortage news: Oil companies quell rumours, say 'fuel supply normal'

  June 15, 2022 12:43 IST

  Petrol, Diesel shortage: Rumours about fuel shortage started doing the rounds after long queues over the weekend were spotted at petrol pumps in Rajasthan, Uttarakhand and Gujarat.

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  Cryptocurrency market cap under $1 trillion first time since January 2021; Bitcoin falls to $22,000

  June 14, 2022 17:47 IST

  Crypto market cap: The meltdown in the cryptocurrency market has erased tens of billions of dollars. The prices of Bitcoin and other crypto-assets have declined by 20 to 40% in the past seven days.

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  Sensex falls 153 points, Nifty ends 42 points lower at 15,732 amid volatility

  June 14, 2022 16:31 IST

   The 30-share BSE benchmark dropped 153.13 points or 0.29 percent to settle at 52,693.57. During the day, it tumbled 387.22 points or 0.73 percent to 52,459.48.

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  SBI, PNB increase FD interest rates; Check how much return you will get

  June 14, 2022 15:40 IST

  SBI and PNB announced to hike FD interest rate days after the RBI ramped up efforts to control excess liquidity from the banking system.

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  Zydus Life Chairman Pankaj R Patel named on RBI Central Board

  June 14, 2022 14:24 IST

  Pankaj Patel was also the President of the Federation of Indian Chamber of Commerce & Industry (FICCI) (2016-17). He is also the Executive Chairman, Vice President and Trustee of the Gujarat Cancer Society and Chairman of the Gujarat Cancer and Research Institute.

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  Fitch expects RBI to raise interest rates to 5.9% by December-end to tide over inflation

  June 14, 2022 13:54 IST

  Last month in an unscheduled policy announcement, the Reserve Bank of India (RBI) raised rates by 40 basis points to 4.4 per cent, and subsequently to 4.9 per cent last week.

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  RBI much ahead in containing inflation: SBI report

  June 14, 2022 13:39 IST

  Core CPI also moderated in May to 6.09 per cent compared to 6.97 per cent in April, as per the SBI's research report 'Ecowrap'. "In recent times, there have been commentaries that have questioned whether RBI has been behind the curve in controlling inflation.

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  WPI inflation rises to record high of 15.88% in May on costlier food items, crude oil

  June 14, 2022 13:40 IST

  Rising prices of food items and crude oil pushed the WPI inflation to a new high of 15.08 per cent in May.

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  Adani, TotalEnergies to build world's largest Green Hydrogen Ecosystem

  June 14, 2022 12:25 IST

  This new partnership will focus on Green Hydrogen and is expected to transform the energy landscape in India. Adani and Total Energies are both at the forefront of energy transition and clean energy adoption.  

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  At Rs 1.20 lakh crore loss, LIC second top wealth destroyer in Asia this year

  June 14, 2022 11:46 IST

  LIC made its market debut at a discount of 8.11 per cent at Rs 872 per share on May 17.

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  Sensex tumbles 375 points, Nifty below 15,700 amid weak global cues

  June 14, 2022 10:14 IST

  The 30-share BSE benchmark was trading 374.72 points lower at 52,471.98. The Nifty declined by 100.15 points to 15,674.25.

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  Wall Street tumbles as inflation angst investors, S&P 500 sinks 3.9% to enter bear market territory

  June 14, 2022 10:11 IST

  Wall Street News, US Stock Market Crash: The higher rate of inflation has worried investors that the Federal Reserve may aggressively hike key rates. The Fed will announce its policy decision on Wednesday.

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  Swiggy Zomato get 15 days notice from govt to submit better consumer grievance redressal plan

  June 13, 2022 23:59 IST

  The direction was given during a meeting chaired by consumer affairs secretary Rohit Kumar Singh with major e-commerce food business operators to discuss pertinent issues which affect consumers in this sector.

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  India's coal import may drop 11% to 186 million tonnes in FY 23

  June 13, 2022 20:11 IST

  India is likely to import 172 million tonnes of coal in 2024-25, 173 million tonnes in 2027-28, and 170 MT in 2029-30 of non-cooking coal. The country imported 215 million tonnes of coal in FY'21 and 249 million tonnes of coal in FY'20, the coal ministry said.