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  'RBI rate hike came as a surprise only because...': Nirmala Sitharaman

  May 08, 2022 19:07 IST

  Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect.

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  Ukraine's wheat harvest may fall by 35%, raising fears of global shortage

  May 08, 2022 2:00 IST

  Ukraine is one of the world's biggest exporters of wheat, but the war is taking a toll on the country's agriculture and food supplies, sparking fears of shortages or higher prices around the world, The Guardian reported.

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  HDFC hikes lending rate by 30 bps; loans to become dearer

  May 07, 2022 22:04 IST

  The move comes just days after several lenders, including ICICI Bank, Bank of Baroda and Bank of India, raised interest rates following the Reserve Bank of India's surprise repo rate hike on Wednesday.

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  Reliance Retail Q4 pre-tax profit rises to Rs 3,705 cr; FY22 gross revenue touches nearly Rs 2L cr

  May 06, 2022 23:51 IST

  The retail arm of Reliance Industries Ltd (RIL) saw its EBITDA cross Rs 12,000 crore in the last financial year.

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  Supertech does not have sufficient funds to make refunds to home buyers, SC told

  May 06, 2022 21:36 IST

   In August last year, the top court had ordered demolition of twin towers and ordered refund to the home buyers, who had purchased apartments.

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  LIC IPO's retail portion fully subscribed on day 3; offer closes on Monday

  May 06, 2022 21:26 IST

  Subscription for non-institutional investors' segment stood at 76 per cent, while that for QIBs' portion was lower at 56 per cent.

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  Sensex, Nifty crash as global markets lose nerve; end week in red

  May 06, 2022 17:33 IST

  A sharp drop in the rupee amid a spurt in crude oil prices and unabated foreign fund outflows added to the woes.

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  Axis Mutual Fund begins suo moto probe on charges of front running, suspends two managers

  May 06, 2022 17:31 IST

  The statement by the asset management company comes in the wake of complaints reportedly being received by Axis Mutual Fund from stock brokers about fund managers punching in trades on behalf of the fund at values much higher than the market.

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  LIC IPO: Retail portion subscribed fully on day three

  May 06, 2022 12:46 IST

  LIC IPO: Overall, the country's biggest-ever IPO is more than fully subscribed as it has received 17,98,42,980 bids, as against 16,20,78,067 shares on sale.

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  ICICI, Bank of Baroda, Bank of India hike interest rates on all types of loans

  May 06, 2022 11:06 IST

  The Reserve Bank on Wednesday announced to hike the benchmark repo rate -- the short term lending rate it charges to banks -- by 0.40 per cent to 4.40 per cent with immediate effect.

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  Sensex dives over 900 points, Nifty below 16,400 as markets go into tailspin in early trade

  May 06, 2022 12:08 IST

  The 30-share BSE benchmark dived 980.45 points to 54,721.78 in early trade. The NSE Nifty also declined 300.15 points to 16,382.50.

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  Dow tumbles more than 1,000 points, Nasdaq falls 5% as inflation spooks investors

  May 06, 2022 10:14 IST

  All three main Wall Street benchmarks -- Dow Jones, Nasdaq and S& 500, surrendered gains made during a relief rally on Wednesday.

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  Elon Musk may take over as temporary CEO of Twitter

  May 05, 2022 23:45 IST

  According to a CNBC report, Musk has detailed the plans in presentations to possible funders for the takeover.

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  RBI wants smooth policy measures; prefers smaller rate hikes: Source

  May 05, 2022 21:39 IST

  On what changed since April 8 -- when the last scheduled policy meet decided to maintain status quo -- and May 4, the source said the inflation print at near 7 per cent for March came way above RBI's expectations, and the momentum is likely to continue in April as well.

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  Apple stops accepting card payments for app purchases, subscriptions in India. Here's what to do

  May 05, 2022 20:11 IST

  Assisting its users regarding what to do if your card payment is declined in India, Apple in its one of the support pages under "billing for Apple subscriptions and media products in India payments" addressed the issue.

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  LIC IPO fully subscribed on day 2; offer closes on May 9

  May 05, 2022 20:00 IST

  Against 16,20,78,067 shares on offer, 16,25,35,125 bids were received, making the public issue fully subscribed, as per data on stock exchanges as of 6.24 pm.

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  Adani Power net profit jumps multi-fold to Rs 4,645 crore in March quarter

  May 05, 2022 18:01 IST

  Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 crore in the same period a year ago, it said in a statement on Thursday.

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  How RBI rate hike will tame inflation? Explained

  May 05, 2022 17:11 IST

  The Reserve Bank of India in a surprise move on Wednesday (May 4) announced to hike the repo rate by 40 basis points to 4.40 per cent, the first hike since August 2018.

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  Markets erase gains after initial euphoria to end flat; Nifty ends below 16,700

  May 05, 2022 17:00 IST

  The 30-share BSE benchmark Sensex had jumped 897.77 points or 1.61 per cent to 56,566.80 during the day. But it pared most of the gains and closed just 33.20 points or 0.06 per cent higher at 55,702.23. Similarly, the NSE Nifty inched up 5.05 points or 0.03 per cent to 16,682.65.  

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  Did Netflix misled investors about declining subscriber growth? Lawsuit claims so

  May 05, 2022 11:02 IST

  Netflix reported a net loss of 200,000 subscribers in the first three months of 2022.

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  US Federal Reserve raises key interest rate by half a percentage point, its biggest hike since 2000

  May 05, 2022 0:00 IST

  All told, the Fed’s credit tightening will likely mean higher loan rates for many consumers and businesses over time, including for mortgages, credit cards and auto loans. With prices for food, energy and consumer goods accelerating, the Fed’s goal is to cool spending — and economic growth — by making it more expensive for individuals and businesses to borrow.

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  Punjab: Tata Technologies offers to set up EV production unit

  May 04, 2022 21:28 IST

  During the deliberations, the delegation comprising Global CEO of Tata Technologies Warren Harris, President Global HR and IT Pawan Bhageria and others evinced keen interest to set up this unit in the state with a current investment of Rs 250 crore and future investment of Rs 1,600 crore.

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  LIC IPO: Policyholders' portion oversubscribed; overall subscription at 67% on day 1

  May 04, 2022 20:40 IST

  The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. LIC's initial public offering (IPO), open for retail and institutional investors, is set to close on May 9. The issue period also includes bidding on Saturday, May 7.

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  Home, auto loans EMIs set to go up after RBI's unscheduled interest rate hike | Details

  May 04, 2022 17:21 IST

  RBI Governor Shaktikanta Das said that all six members of the MPC unanimously voted for a rate hike to contain inflation that has remained stubbornly above the target of 6 per cent for the last three months.

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  Arvind Krishna, IBM chairman, elected to Board of Directors of Federal Reserve Bank of New York

  May 04, 2022 14:42 IST

  Krishna, who has an undergraduate degree from the Indian Institute of Technology, Kanpur and a PhD from the University of Illinois at Urbana-Champaign, previously was senior vice president of Cloud and Cognitive Software.

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  RBI hikes interest rate by 40 basis points to 4.40%, CRR to 4.50% in unscheduled policy review

  May 04, 2022 15:45 IST

  RBI hikes repo rate by 40bps hike to 4.40% in an unscheduled policy review citing inflation woes

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  Sensex crashes over 1,300 points, Nifty ends below 16,700 after RBI's rate hike surprise

  May 04, 2022 17:01 IST

  Sensex and Nifty fell over 2 per cent each soon after RBI announced to hike the repo rate and cash reserve ratio.

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  NINL acquisition: Tata Steel to complete acquisition by end of this quarter

  May 04, 2022 11:30 IST

  On January 31, Tata Steel had announced winning the bid for acquiring 93.71 per cent stake in Odisha-based steel maker NINL for Rs 12,100 crore.