Business
Looking for Buyers for Business in India, No Impact on Existing Customers, Says Official
In a major move, American banking company Citigroup announced on Thursday that it will be exiting 13 international consumer banking markets, including India and China as part of its global strategy. The company said it will focus its global consumer banking business on four markets: Singapore, Hong Kong, London...
Sensex Ends 260 Points Up, Nifty Tops 14,550; TCS Jumps 4%
Equity benchmark Sensex ended 260 points higher after a volatile session on Thursday, tracking gains in index majors HDFC twins, TCS and ICICI Bank amid largely positive cues from global markets. After gyrating 877 points during the day, the 30-share BSE index ended 259.62 points or 0.53 per cent...
Exports Jump 60% in March; Falls Over 7% to $290 Billion in FY21
The country’s exports jumped by 60.29 per cent to $ 34.45 billion in March even as the outbound shipments contracted by 7.26 per cent during the full 2020-21 fiscal to $ 290.63 billion. Imports too grew by 53.74 per cent to $ 48.38 billion in March, but dipped by...
Petrol Price Cut by 16 Paise, Diesel 14 Paise; Here’s What You Need to Pay in Your City
A worker holds a nozzle to pump petrol into a vehicle at a fuel station. (File photo/Reuters) Petrol now costs Rs 90.40 per litre in Delhi, down from Rs 90.56, according to a price notification of state-owned fuel retailers. PTI New Delhi Last Updated:April 15, 2021, 19:00 IST FOLLOW...
Adani Ports Removed from S&P Index Due to Links with Myanmar Military
S&P Dow Jones Indices said it has removed India’s Adani Ports and Special Economic Zone Ltd from its sustainability index due to the firm’s business ties with Myanmar’s military which is accused of human rights abuses after a coup this year. India’s largest private multi-port operator is building a...
Centre Working on a New Stimulus Package to Combat Second Wave of Coronavirus: Report
In order to deal with the second wave of coronavirus and localised lockdowns, the Centre is likely to announce a stimulus package. According to an exclusive report by Hindustan Times, the package could provide relief to the poor if the second wave of the pandemic disrupts their livelihood. In...
Coinbase Valued at $100 Billion in Nasdaq Debut
Cryptocurrency exchange Coinbase Global Inc was valued at almost $100 billion in a Nasdaq debut on Wednesday that marked another milestone in the development of bitcoin and other digital assets. The company’s stock market debut, done through a direct listing where no shares are sold ahead of the opening,...
Rattled Chinese Tech Giants Pledge to End Unfair Competition
More than 20 Chinese tech giants have made a public pact to abide by anti-monopoly guidelines, after regulators told them to note “the warning” of a record fine against e-commerce giant Alibaba. Beijing is taking China’s tech firms to task to curtail the reach of private companies into the...
Rupee Falls 17 Paise to 75.22 Against US Dollar in Early Trade
The rupee slumped 17 paise to 75.22 against the US dollar in opening trade on Thursday following losses in domestic equity markets amid concerns over rising COVID-19 cases. Besides, foreign fund outflows also weighed on investors’ sentiment, forex traders said. At the interbank foreign exchange, the domestic unit opened...
Top Stocks for Investors on April 15
The stock market on Tuesday, April 13, rose over 1.3 percent to give a positive ending. The market on Wednesday, April 14 remain closed due to Ambedkar Jayanti. The Indian stock market on Thursday, April 15, is expected to give a negative opening as the SGX Nifty was trading...
Sensex Drops Over 200 Pts in Early Trade; Nifty Tests 14,450
Equity benchmark Sensex tumbled over 200 points in early trade on Thursday, tracking losses in index majors Infosys, ICICI Bank and M&M amid negative cues from domestic and global markets. After opening over 200 points higher, the 30-share BSE index reversed all its gains to trade 216.73 points or...
Marginal Hike in Gold and Silver Prices; Check Rates Here
On Thursday, April 15, gold and silver prices witnessed a marginal increase in the country. For one gram of 22-carat gold, the rate jumped by Rs 9 as the cost stood at Rs 4,485 compared to Rs 4,476 on the previous day. The price of 10 grams of 22-carat-gold...
Indirect Tax Collection for FY 2020-21 Up 12%, Beats Revised Estimates
The net indirect tax collections in 2020-21 grew 12.3 per cent to Rs 10.71 lakh crore as compared to the previous fiscal year, thereby exceeding the target set in revised estimates, the finance ministry said on Tuesday. The mop-up through indirect taxes, which include GST, Customs and excise duties,...
WhatsApp’s New Privacy Policy Would Lead to Excessive Data Collection, Consumer ‘Stalking’: CCI tells HC
The new privacy policy of WhatsApp would lead to excessive data collection and “stalking” of consumers for targeted advertising to bring in more users and is therefore, an alleged abuse of dominant position, competition regulator CCI told the Delhi High Court on Tuesday. The submission was made before Justice...
Bitcoin Hits Record Before Landmark Coinbase Listing on Nasdaq
Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the United States. The largest US cryptocurrency exchange’s listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates. The world’s biggest cryptocurrency,...
Sensex Rallies Over 660 Points, Nifty Reclaims 14,500 Level Amid Positive Cues from Global Cues
Equity benchmark Sensex rebounded over 660 points on Tuesday, tracking strong gains in auto and financial stocks amid largely positive cues from global markets. The 30-share BSE index ended 660.68 points or 1.38 per cent higher at 48,544.06. Similarly, the broader NSE Nifty surged 194 points or 1.36 per...
S&P Index to Remove Adani Ports for Links with Myanmar Military
S&P Dow Jones Indices on Tuesday said it will remove Adani Ports and Special Economic Zone from its sustainability index following reports of its business ties with Myanmar’s military that has been accused of human rights violations after a coup. The Adani Group firm is building a $ 290...
Central Bank of India is Now Offering Special Deposit Scheme With Better Rates if You’re Vaccinated
In order to encourage people to get Covid-19 vaccines, the state-run Central Bank of India has launched a special deposit scheme offering an additional interest rate of 25 basis points above the applicable card rate for those who get vaccinated. The new product, Immune India Deposit Scheme, has a...
