Business

Google’s Gemini Now Available As App For Android Smartphone Users In India

NEW DELHI: Google on Tuesday said its AI assistant Gemini is now available as an app for Android smartphone users in India with support for English, Hindi and eight other Indian languages. For iPhone users, access to Gemini will be rolled out through the Google app over the next...

Jun 19 · >

NBCC Gets Rs 70 Crore Contract From Grid-India

NEW DELHI: State-owned NBCC (India) Ltd has bagged a Rs 70 crore project from Grid Controller of India for executing interior works in new corporate office in the national capital. In a statement, NBCC said it has inked a memorandum of understanding with Grid Controller of India Ltd (Grid-India)...

Jun 19 · >

Housing Rent Growth Moderates In Top Seven Cities, Says Anarock

NEW DELHI: Average monthly rent for residential properties has risen 2-4 per cent so far this quarter compared with the January-March period across seven major cities, according to Anarock. Real estate consultant Anarock said that the growth in housing rent across the top seven cities — Delhi-NCR, Mumbai Metropolitan...

Jun 19 · >

SEBI Invites Application To Hire Executive Director

NEW DELHI: Capital markets watchdog Sebi has started the process to recruit an executive director and invited applications to fill the vacancy. The Securities and Exchange Board of India (Sebi) has invited applications for the post until July 18. The appointment of executive director will be on a deputation...

Jun 19 · >

Trade Deficit At 7-Month High On Rising Imports; Exports Up 9% In May

NEW DELHI: India’s merchandise trade deficit widened to a seven-month high of $23.78 billion in May due to burgeoning imports, particularly of petroleum, vegetable oils, and transport equipment. The data released by the commerce department on Friday showed merchandise exports grew 9.13 per cent to $38.13 billion while imports...

Jun 15 · >

Wholesale Inflation Surges To 15-Month High Of 2.61 Per Cent In May

NEW DELHI: Wholesale inflation rose to a 15-month high of 2.61% in May from 1.26% in April as food inflation rallied further and global metal prices fed into manufactured product inflation, data released Friday showed. Manufactured products, which account for nearly two-thirds of weight in the Wholesale Price Index...

Jun 15 · >

India Grappling With ‘Unfavourable’ Factors In Growth Pursuit: CEA

MUMBAI: As India tries to grow faster, the country needs to grapple with “unfavourable” factors like slowing globalisation, divisive world politics and the raging issue of climate change, Chief Economic Adviser V Anantha Nageswaran said on Friday. China, which grew at almost double digits between 1980 and 2015, did...

Jun 15 · >

SEBI Bats For Tax Benefits To Firms Investing In Zero Coupon Zero Principal Bonds

NEW DELHI: To encourage social sector spending, markets regulator Sebi has suggested that the government should allow tax benefits to companies investing in zero coupon zero principal bonds issued by not-for-profit organisations listed at the social stock exchange. Talking to reporters here on Friday, Sebi’s Whole Time Member Kamlesh...

Jun 15 · >

Employment In Informal Sector Below Pre-Covid Level, Shows NSO Data

NEW DELHI: After adding 11.7 million workers in the October 2022-September 2023 period from the pandemic lows in April 2021-March 2022, total workers employed in the vast informal sector in India — at 109.6 million — still remains below the pre-pandemic period. This is according to the latest fact...

Jun 15 · >

Prices Of Tur, Chana, Urad Dals Likely To Soften From July On Good Monsoon, Higher Imports: Govt

NEW DELHI: Prices of tur, chana and urad dals are likely to soften from next month helped by expectations of a good monsoon and increased imports, Union Consumers Affairs Secretary Nidhi Khare said on Friday, stressing there is no need for panic. Imports of these three pulses will also...

Jun 15 · >

Union Minister Kishan Reddy Holds First Review Meeting Of Coal, Mines Ministries

NEW DELHI: Union Minister G Kishan Reddy has reviewed both the coal and mines ministries after taking charge. “Held a detailed review meeting of the Ministry of Mines ( @MinesMinIndia) in New Delhi,” he said on Friday in a post on X (formerly known as twitter). Reddy on Thursday...

Jun 15 · >

Hyundai May File Draft IPO Papers With SEBI To Raise About Rs 25,000 Crore

NEW DELHI: South Korean automaker Hyundai’s Indian arm is likely to file preliminary papers with Sebi shortly to raise at least USD 3 billion (around Rs 25,000 crore) through an initial public offering, sources close to the development said on Friday. The company’s initial public offering (IPO), if it...

Jun 15 · >

NSE Chief Cautions Retail Investors Against Derivatives Trading

NEW DELHI: National Stock Exchange (NSE) chief Ashishkumar Chauhan on Friday cautioned retail investors against trading in derivatives and suggested them to invest in equities through mutual fund route. He emphasised that trading in Futures & Options (F&O) derivatives should be limited to informed investors who can manage risk...

Jun 15 · >

Biden Admin Urged To Take Urgent Action To Protect Over 250,000 Documented Dreamers

WASHINGTON: A bipartisan group of 43 lawmakers has urged the Biden administration to take urgent action to protect more than 250,000 Documented Dreamers, a significantly large number of whom are Indians, who will be forced to self-deport after ageing out of the temporary legal status derived through their parents’...

Jun 15 · >

India Inc’s Capex Requirement Will Need Offshore Funding, Says Report

India’s non-financial corporates will require capacity expansion, inorganic growth, refinancing and working capital needs, along with shareholder payments, in order to fulfil their large capital requirements, said a report by Moody’s Ratings and ICRA. “While India’s domestic liquidity and companies’ internal cash flow can largely cover their capital needs,...

Jun 14 · >

No Plan To Cut Import Duty On Wheat: Govt

NEW DELHI: The government on Thursday ruled out reducing import duty on wheat by stating that there are “sufficient stocks” of the grain to meet the domestic requirement and undertake a market intervention. While stating that the food and consumer affairs ministry is keeping a close watch on market...

Jun 14 · >

Petroleum Products, Realty, And Electricity May Come Under GST Net

NEW DELHI: The Goods and Services Tax (GST) Council will meet here on June 22, with a packed agenda, including proposals to bring natural gas and aviation turbine fuel (ATF) under the ambit of the GST, and a review of the way the tax on consumption is applied on...

Jun 14 · >

Foreign Portfolio Investors Make A Tentative Comeback

MUMBAI: Even as Indian equities have seen net inflows of around $700 million (Rs 5,848 crore) from foreign funds in the past few sessions, experts believe this might not turn out to be a trend reversal, given concerns over valuations and underperformance of large-caps. Last week, when election results...

Jun 14 · >
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