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  Hyundai, Kia report poor April sales amid chip shortage

  May 02, 2022 17:50 IST

  Hyundai Motor's sales fell 12 per cent to 308,788 vehicles from 349,184 units a year earlier, while Kia's declined 5.8 per cent to 238,538 from 253,287 during the same period, reports Yonhap News Agency.

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  Gold jewellery consumption likely to grow 11 percent in FY23: Report

  May 02, 2022 17:33 IST

  Within the jewellery retail industry, revenues of organised retailers are likely to grow at a higher pace of 14 per cent, backed by their aggressive store expansion plans and a gradual shift from the unorganised segment towards the organised one, Icra Ratings said in a report.

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  Markets continue to fall for second day; Sensex declines 85 points, Nifty ends above 17,000

  May 02, 2022 17:43 IST

  The 30-share BSE benchmark went lower by 84.88 points or 0.15 per cent to settle at 56,975.99 after recovering some lost ground during the fag-end of trade. During the day, it tanked 648.25 points or 1.13 per cent to 56,412.62.

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  India's manufacturing sector sees faster growth amid high inflation in April: PMI

  May 02, 2022 16:07 IST

  The April PMI data pointed to an improvement in overall operating conditions for the tenth straight month. In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction. 

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  Salasar Techno Engineering to invest Rs 100 crore to expand business, hire 600 professionals

  May 02, 2022 15:36 IST

  New Delhi-based Salasar Techno Engineering carries out engineering, designing, procurement, fabrication and galvanisation work for telecom players.

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  HDFC hikes interest rate on housing loans; EMI to rise for existing borrowers

  May 02, 2022 9:39 IST

  HDFC said that the Retail Prime Lending Rate on housing loans will become costlier by 5 basis points. The hike will be effective from May 1.

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  GST revenues at all-time high of Rs 1.68 lakh cr in April

  May 02, 2022 9:10 IST

  The gross GST collection in April 2022 is an all-time high and Rs 25,000 crore more than the previous highest collection of Rs 1.42 lakh crore recorded in March.

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  'Buy stock in...': Elon Musk's long-term investment advice

  May 01, 2022 22:06 IST

  Taking to Twitter, the billionaire wrote, "Don't panic when the market does." That's his big advice.

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  Govt notifies form for filing updated ITRs

  May 01, 2022 13:16 IST

  The new form (ITR-U) will be available to taxpayers for filing updated income tax returns for 2019-20 and 2020-21 fiscals.

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  LPG prices hiked, 19-kg commercial cylinder to now cost Rs 2,355.50

  May 01, 2022 10:26 IST

  Earlier on April 1, the price of 19-kg commercial LPG was hiked by Rs 250 per cylinder.

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  Yes Bank posts net profit of Rs 367 crore in Q4; returns to full-year profitability in FY22

  April 30, 2022 17:10 IST

  Yes Bank said it witnessed strong growth in deposits and granular advances during the year and the sanctions/disbursements stood at Rs 70,000 crore across various segments in 2021-22. 

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  Xiaomi's ₹5,551 crore assets seized over Forex violations

  April 30, 2022 15:39 IST

  The company (also called Xiaomi India) is a trader and distributor of mobile phones in the country under the brand name of MI.

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  'Indian economy may recover from Covid consequences by...': Know what RBI says

  April 29, 2022 23:52 IST

  The RBI in its recent report on 'currency and finance' stated that the pandemic is a watershed moment. It further clarified that the ongoing structural changes catalysed by the pandemic can potentially alter the growth trajectory in the medium-term.

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  Star9 Mobility Private Ltd to buy Govt's 51% stake in Pawan Hans

  April 29, 2022 20:50 IST

  PHL is a 51:49 joint venture of the government and ONGC providing helicopter and aero mobility services. ONGC had earlier decided to offer its entire shareholding to the successful bidder identified in the GoI strategic disinvestment transaction, on the same price and terms as government.

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  Core sector growth slows down to 4.3 percent in March as compared to 10.4 percent last year

  April 29, 2022 20:10 IST

  The growth in the production of natural gas, steel, cement and electricity slowed down to 7.6 per cent, 3.7 per cent, 8.8 per cent and 4.9 per cent during the month

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  Bank credit likely to grow at 4-year high of 11-12% in FY23: Report

  April 29, 2022 18:24 IST

  The report said bank advances to micro, small and medium enterprises (MSMEs) could grow 12-14 per cent this fiscal, riding on the multiplier effect from some pick-up in capex.

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  Elon Musk sells Tesla shares worth $4 billion, pledges no more sales

  April 29, 2022 8:47 IST

  Tesla chief Elon Musk said in a tweet that there are no further TSLA sales planned.

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  Twitter revenue climbs to $1.2B, daily users at 229M days after selling itself to Elon Musk

  April 28, 2022 18:30 IST

  Twitter has struggled to consistently post profits as a public company while generating lackluster revenue growth compared to the two dominant forces in digital advertising, Google and Facebook.  

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  Sensex tumbles over 500 points on profit booking, Nifty ends below 17,050

  April 27, 2022 16:59 IST

  The 30-share BSE Sensex tumbled 537.22 points or 0.94 per cent to end at 56,819.39. During the day, it tanked 772.57 points or 1.34 per cent to 56,584.04. The NSE Nifty declined by 162.40 points or 0.94 per cent to 17,038.40.  

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  Air India proposes to acquire AirAsia India

  April 27, 2022 12:31 IST

  AirAsia India, which started flying in June 2014, offers scheduled air passenger transport, air cargo transport and charter flight services in the country. It does not have international operations.

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  The Big Picture: Sustainable demand has lifted market sentiments, says Niranjan Hiranandani

  April 27, 2022 3:30 IST

  Sentiments in the real estate sector have remained optimistic and touched new highs, as per the survey 'Real Estate Sentiment Index Q1 2022' conducted by the two entities.

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  LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO

  April 26, 2022 19:28 IST

  The government had in February planned to sell s 5 percent stake or 31.6 crore shares of the insurance behemoth and had filed draft papers with Sebi.

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  Markets rebound after two-day slide; Sensex jumps 777 points, Nifty ends marginally above 17,200

  April 26, 2022 17:14 IST

  The 30-share BSE benchmark jumped 776.72 points or 1.37 per cent to end at 57,356.61. During the day, it rallied 862.35 points or 1.52 per cent to 57,442.24. The broader NSE Nifty gained 246.85 points or 1.46 per cent to finish at 17,200.80.  

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  Gautam Adani is now world's fifth richest person

  April 26, 2022 17:44 IST

  Adani's net worth surged to USD 123.7 billion as of Friday's market close while Warren Buffett's (91) net worth stood at USD 121.7 billion.

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  Hiking interest rates to tame inflation not 'anti-national': Former RBI chief Raghuram Rajan

  April 26, 2022 1:00 IST

  Known for his frank views, Rajan also said it was important to remember that the "war against inflation" is never over.  

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  Twitter confirms sale of company to Elon Musk for $44 billion

  April 26, 2022 1:35 IST

  Billionaire Elon Musk had been pitching to buy the company in the past couple of weeks and was putting out polls on the microblogging site asking users different aspects of their experience with it. Twitter said it will become a privately held company after the sale is closed.

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  LIC IPO to open on May 4 and close on May 9: Sources

  April 25, 2022 21:58 IST

  The issue size is expected to be worth Rs 21,000 crore, valuing the country's largest insurer at Rs 6 lakh crore. 

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  Deal almost done! Twitter likely to accept Elon Musk's 'best and final' offer

  April 25, 2022 18:13 IST

  $54.20 per share is the price that Elon Musk had originally offered to the social media company and called his 'best and final'.