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  Sensex, Nifty rally more than 2.50% each; Rupee plunges to all-time low

  May 17, 2022 16:25 IST

  The 30-share BSE benchmark zoomed 1,344.63 points or 2.54 per cent to settle at 54,318.47 points with all of its constituents closing with gains. During the day, it jumped 1,425.58 points or 2.69 per cent to 54,399.42.

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  'Twitter deal can't go forward unless...': Elon Musk

  May 17, 2022 15:23 IST

  Elon Musk also said that he is very likely to pay less for Twitter than his $44 billion offer made last month. 

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  Govt allows exporting wheat consignments registered with customs before ban order

  May 17, 2022 16:04 IST

  The government has also allowed a wheat consignment headed for Egypt, which was already under loading at the Kandla port.

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  WPI inflation at record high of 15.08% in April on price rise across all items

  May 17, 2022 14:13 IST

  The WPI-based inflation was 14.55 per cent in March and 10.74 per cent in April last year.

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  Pawan Hans sale put on hold by government

  May 17, 2022 11:02 IST

  The government had last month selected M/s Star9 Mobility Pvt Ltd as the winning bidder for Pawan Hans.

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  Rupee falls to all-time low of 77.69 against Dollar

  May 17, 2022 14:02 IST

  The value of the rupee depreciated mainly due to persistent foreign fund outflows and elevated global crude oil prices.

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  LIC makes a weak stock market debut, lists at 8% discount

  May 17, 2022 13:16 IST

  LIC Share Price: LIC IPO was subscribed 2.95 times. The government fixed the issue price of LIC shares at Rs 949 apiece, the upper end of the IPO price band.

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  RBI may hike rates by 75 basis points by August: SBI Economists

  May 16, 2022 17:05 IST

  The economists said they did a study of the Russian invasion's impact on inflation, which revealed that 59 per cent of the jump in prices is due to geopolitical events.

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  What is Grey Market and Grey Market Premium - Explained

  May 16, 2022 12:17 IST

  Grey market is also known as the 'parallel market' where financial securities are traded and investors trade for shares or IPO applications before they are listed in the secondary market.

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  SBI hikes MCLR by 10 basis points, second increase in a month; loan EMIs to go up

  May 16, 2022 12:39 IST

  This is the second hike in a month raising the cost by 0.2 per cent with the two consecutive increases.

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  'If you don't like our content, you can quit': Netflix to workers

  May 16, 2022 12:26 IST

  Netflix has updated its culture guidelines and added a section called "artistic expression" which details how the platform offers programming for many audiences.

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  Paytm to file for new license, says bullish about its roadmap for general insurance

  May 16, 2022 12:24 IST

  In a regulatory filing, Paytm reiterated its intention to make inroads in the general insurance sector, as it is extremely bullish about its potential.

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  Air travel to become dearer! Jet fuel price hiked by 5%

  May 16, 2022 12:17 IST

  Fuel prices have hiked by a whopping 61.7 percent from Rs 72,062 per kilolitre to Rs 1.23 lakh per kilolitre since January this year.

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  Adani to acquire Holcim’s stake in Ambuja Cements, ACC Limited for $10.5 bn

  May 15, 2022 23:36 IST

  The deal will make billionaire Gautam Adani's conglomerate the second-largest player in the domestic cement sector by acquiring the joint control of Holcim's two Indian step-down firms ACC Ltd and Ambuja Cement.

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  Cryptos can lead to dollarisation of economy: RBI officials to par panel

  May 15, 2022 16:53 IST

  Discussing the impacts of cryptocurrency, the RBI officials said it will  have a negative impact on the banking system as these being attractive assets people may invest their hard-earned savings in these currencies which may result in banks having lesser resources to lend. 

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  India adds 8.8 million jobs in April, largest since beginning of pandemic

  May 15, 2022 13:52 IST

  India's labour force increased by 8.8 million to 437.2 million in April, one of the largest monthly increases since the beginning of the pandemic, CMIE Managing Director and CEO Mahesh Vyas said.

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  CNG price hiked by Rs 2 per kg across Delhi-NCR, other cities. Check revised rates

  May 15, 2022 6:36 IST

  Earlier in April, prices of CNG in the national capital were hiked by Rs 2.50 per kg and that of piped cooking gas by Rs 4.25 per unit to record levels on the back of surge in raw material cost.

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  G7 warn of Ukraine grain crisis, ask China not to aid Russia

  May 14, 2022 21:25 IST

  In statements released at the end of the three-day meeting on Germany's Baltic Sea coast, the G-7 pledged to provide further humanitarian aid to the most vulnerable.

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  Swiggy enters high-end dining market with $200 mn acquisition of Dineout

  May 13, 2022 20:49 IST

  Dineout, which serves millions across its network of 50,000 restaurants in 20 cities, will continue to operate as an independent app post the acquisition.

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  RBI appoints Ranjan, Pattanaik as executive directors

  May 13, 2022 19:43 IST

  Prior to being promoted as ED, Pattanaik was an Adviser in the Department of Economic and Policy Research (DEPR), while Ranjan was serving as Adviser-in-Charge of Monetary Policy Department and Secretary to the MPC.

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  Markets extend losses to sixth session; Sensex falls 137 points, Nifty below 15,800

  May 13, 2022 16:23 IST

  The 30-share BSE benchmark pared all intra-day gains and declined 136.69 points or 0.26 per cent to end at 52,793.62. During the day, it had rallied 855.4 points or 1.61 per cent to 53,785.71.

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  LIC IPO allotment declared, listing on May 17

  May 13, 2022 16:19 IST

  The Initial Public Offering (IPO) of Life Insurance Corporation (LIC) closed on May 9 and shares were allocated to bidders on May 12. The government sold over 22.

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  Twitter deal temporarily on hold, tweets Elon Musk

  May 13, 2022 16:00 IST

  Elon Musk had in April signed a $44 billion deal to take over Twitter. The deal was expected to close later this year.

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  Reliance Industries is top Indian company in Forbes Global 2000 list

  May 13, 2022 13:30 IST

  Earlier this year, Forbes estimated Mukesh Ambani's net worth to be $90.7 billion, landing him at No.10 on this year's Billionaires list.

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  These bluechip stocks are available near 52-week lows, should you buy?

  May 13, 2022 13:39 IST

  Bluechip Stocks To Buy, Bluechip Fund: The current downfall saw many stocks trading at a price that investors would have barely imagined after the marathon rally post-pandemic last year that took the index to 18,604.45.

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  Pakistani rupee hits new all-time low

  May 12, 2022 22:45 IST

  The local currency lost Rs 1.7 (or 0.91 per cent) during the day to close at Rs 191.77, surpassing Wednesday's record low of Rs 188.66, The News reported.  

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  Steps taken by RBI and govt to cut duration of high inflation: Finmin report

  May 12, 2022 19:12 IST

  RBI in an off-cycle announcement earlier this month hiked the key repo rate -- at which it lends short term money to banks -- by 0.40 per cent to 4.40 per cent to tame inflation. 

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  RP-Sanjiv Goenka Group's Spencer’s Retail Q4 loss widens to Rs 42 cr

  May 12, 2022 18:36 IST

  The company had posted a net loss of Rs 34.53 crore for the January-March period a year ago, Spencer’s Retail said in a regulatory filing.