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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.

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  'Scariest economics paper of 2022' forecasts huge layoffs over next 2 yrs

  September 10, 2022 21:58 IST

  The paper from the Brookings Institution by Johns Hopkins macroeconomist Larry Ball with co-authors Daniel Leigh and Prachi Mishra of the International Monetary Fund (IMF) found that "this unemployment path returns inflation to near the Fed's target only under optimistic assumptions".

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  India not part of Indo-Pacific Economic Framework trade pillar; broader consensus yet to emerge

  September 10, 2022 7:51 IST

  All the other 13 Indo-Pacific Economic Framework for prosperity countries have joined the four pillars -- trade, supply chains, clean economy, and fair economy.

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  Tata in talks to build iPhones for Apple in India: Report

  September 09, 2022 21:31 IST

  iPhone users: According to the report, the discussions with Wistron are aimed at making Tata a force in technology manufacturing and the Group wants to tap the Taiwanese company's expertise in product development, supply chain, and assembly.

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  Multimodal transport system vital for India to become $5 trillion economy in 5 years: Gadkari

  September 09, 2022 20:17 IST

  Addressing the 41st meeting of the Transport Development Council (TDC) at Bengaluru on Friday, he opined that the Centre and the states will have to work together over the next five years to transform the transport sector if the country wants to achieve a $5 trillion economy.

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  Railways floats tender to make 80,000 'Make in India' wheels every year

  September 09, 2022 18:40 IST

  At a press briefing, Vaishnaw said forged wheels needed for high-speed trains and for LHB coaches will now be produced in the 'Make in India' plant and there will be an assured procurement of 80,000 wheels for Rs 600 crore per year.

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  Centre working on enhancing mines sector output in GDP to 2.5 pc by 2030: Union minister

  September 09, 2022 17:50 IST

  Mine sector output: Observing that the states are the ones that would implement on the ground whatever policies and laws are made at the Centre, Coal minister Pralhad Joshi said the conclave has been organised in line with the central government's philosophy of 'Sabka Saath, Sabka Vishwaas'.

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  Rupee rises 12 paise to close at 79.57 against US dollar

  September 09, 2022 17:11 IST

  The dollar index, which measures the greenback's strength against a basket of six currencies, fell 0.98 percent to 108.63.

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  Markets maintain winning run for 2nd day; Sensex climbs 104 points, Nifty ends at 17,833

  September 09, 2022 16:24 IST

  The 30-share BSE Sensex climbed 104.92 points or 0.18 per cent to settle at 59,793.14. During the day, it jumped 431.58 points or 0.72 per cent to 60,119.80. On similar lines, the broader NSE Nifty ended higher by 34.60 points or 0.19 per cent to 17,833.35.