• 

  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.

• 

  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.

• 

  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.

• 

  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.

• 

  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.

• 

  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.

• 

  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.

• 

  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.

• 

  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.

• 

  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.

• 

  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.

• 

  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.

• 

  Reliance Industries ranked 104 in Fortune's Global 500 list

  August 03, 2022 20:52 IST

  Reliance Industries improved its rank by 51 places to 104 from its previous year's rank of 155. India has nine companies in the Fortune's Global 500 list -- five from the public sector, and four from the private sector.

• 

  SpiceJet in active discussion for partial stake sale

  August 03, 2022 14:19 IST

  SpiceJet's Rs 50 crore bank guarantee will soon be released by the Airports Authority of India (AAI), following the airline clearing all its principal dues.

• 

  Mumbai: Mahanagar Gas Limited announces hike in CNG, PNG prices | Check new rates

  August 03, 2022 11:45 IST

  CNG, PNG price hike: Rising prices have forced suppliers and distributors to cut down on industrial supplies for the past many weeks. This is the sixth price hike since April this year.

• 

  Good news for govt employees, pensioners of THIS state as cabinet clears 5% DA hike w.e.f July 1

  August 03, 2022 11:12 IST

  DA hike will benefit a total of 1,88,494 people, including 1,04,683 regular employees and 80,855 pensioners.

• 

  Sensex falls 70 pts in early trade; Nifty tests 17,000

  August 03, 2022 10:55 IST

  The BSE benchmark had ended 20.86 points or 0.04 per cent higher at 58,136.36 on Tuesday. The Nifty ended at 17,345.45, up 5.40 points or 0.03 per cent.

• 

  RBI allows invoicing, payments for international trade in Indian Rupee

  August 03, 2022 7:12 IST

  RBI's composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across all parameters.

• 

  Windfall tax on fuel export slashed; raised on domestic crude oil

  August 03, 2022 6:58 IST

  Windfall tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000, a move that will hit producers like ONGC and Vedanta Ltd.

• 

  Uber reports $2.6 billion loss in Q2, gross bookings at all-time high

  August 03, 2022 2:00 IST

  The net loss included a $1.7 billion net headwind (pre-tax) relating to Uber's equity investments, primarily due to aggregate unrealized losses related to the revaluation of Uber's Aurora, Grab, and Zomato stakes.

• 

  Nobody is in denial about price rise, Indian economy definitely much better, says Sitharaman

  August 02, 2022 23:51 IST

  Nirmala Sitharaman in Rajya Sabha: The finance minister said that the government has adopted a targeted approach based on ground-level inputs to tackle retail inflation which is ruling at around 7 per cent.

• 

  Akasa Air to start flights on Chennai-Mumbai route from Sept 15

  August 02, 2022 21:21 IST

  Akasa Air: The new carrier will launch commercial flight operations on August 7 by running its first service on the Mumbai-Ahmedabad route.

• 

  'There is no collapse of Indian rupee': FM Sitharaman in Parliament monsoon session

  August 02, 2022 18:34 IST

  Replying to supplementaries, Sitharaman said interventions that are happening from the RBI side are more for containing volatility that is happening between the Indian rupee and the US dollar and so on.

• 

  Sensex, Nifty marginally up as geopolitical worries grip global stocks

  August 02, 2022 18:14 IST

  The 30-share BSE benchmark closed 20.86 points or 0.04 per cent higher at 58,136.36 with 16 of its constituents ending in the red. The index opened lower due to profit booking by investors after sharp gains in the four-day rally.

• 

  Oppo, Vivo India and Xiaomi issued notices for tax evasion

  August 02, 2022 18:12 IST

  Chinese mobile manufacturers issued tax evasion notice: Three Chinese smartphone manufacturers have been issued tax evasion notice by the government.

• 

  Rupee jumps 41 paise to close at 78.65 against dollar

  August 02, 2022 17:18 IST

  On the domestic equity market front, the BSE Sensex ended 20.86 points or 0.04 percent higher at 58,136.36, while the broader NSE Nifty advanced 5.40 points or 0.03 percent to 17,345.45.

• 

  PM Modi lauds UPI transactions crossing record 6 billion in July

  August 02, 2022 16:37 IST

  According to data released by the National Payments Corporation of India (NPCI), UPI reported 6.28 billion transactions worth Rs 10.62 trillion in July -- an increase of 7 per cent over June.

• 

  ITR filing: Income Tax department announces big change in verification timeline | Details

  August 02, 2022 12:31 IST

  ITR filing: Those who wish to send the ITR-V in a hard copy can send it through the usual address through "speed post only" to Centralised Processing Centre, Income Tax Department, Bengaluru-560500, Karnataka.