Business news
- Business
Union govt to receive Rs 2.56 lakh cr as dividend from RBI, PSBs in FY26
New Delhi: The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents. In…
- Business
UPI’s share in India’s digital payments surged to 83 pc: RBI report
Mumbai: The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 percent in 2019 to an impressive 83 percent in 2024, with a remarkable CAGR (cumulative…
- Technology
iPhone production in India to reach 25 pc of global shipments by 2025: Jefferies
New Delhi: Buoyed by the ‘Make in India’ initiative and the production-linked incentive (PLI) scheme, iPhone production in India has gone up from less than 1 per cent in 2017 to 10…
- Technology
Airtel to shut down Wynk Music, introduce new streaming offers
New Delhi: Bharti Airtel will exit from music vertical and shut down its Wynk Music app, according to sources. The information was confirmed by an Airtel spokesperson a few hours after the…
- Business
Over 40 per cent consumers use digital payment every day in Tier 3-6 cities: Report
New Delhi: More than 40 per cent of consumers in Tier 3 to 6 cities use digital payment on a daily basis, while 45 per cent claimed to use it once in…
- World
Starbucks replaces Laxman Narasimhan with Brian Niccol as CEO
Washington: In a surprise move, struggling multinational coffee chain Starbucks on Tuesday announced the appointment of Brian Niccol as chairman and chief executive officer replacing Indian-origin CEO Laxman Narasimhan who is stepping…
- Business
Rupee falls 2 paise to close at 83.97 against US dollar
Mumbai: The rupee consolidated in a narrow range and settled for the day lower by 2 paise at 83.97 (provisional) against the American currency on Monday, as market participants remained on the…
- Technology
Delta CEO reveals IT outage costs USD 500 million
San Francisco: Delta Air Lines CEO Ed Bastian said the massive IT outage, earlier this month, cost the company $500 million. He said the figure included not just lost revenue but “the…
- News
Infosys stock falls as company disputes Rs 32,000 crore GST notice
Mumbai: Infosys shares fell on Thursday after it received a GST notice citing an alleged Rs 32,000 crore tax evasion, a claim that the IT major has disputed. Infosys shares that opened…
- Business
UltraTech to acquire India Cements; buy 32.72 pc promoters’ stake for Rs 3,954 cr
New Delhi: Aditya Birla Group flagship company UltraTech Cement will acquire a 32.72 per cent stake in India Cements from promoters and their associates in a Rs 3,954 deal to expand its…
- Business
Rupee falls 1 paisa to close at all-time low of 83.72 against US dollar
Mumbai: The rupee fell 1 paisa to close at an all-time low of 83.72 (provisional) against the US dollar on Thursday, dragged down by demand for the American currency in the overseas…
- Business
FDI rules will be simplified, says Sitharaman in Budget speech
New Delhi: Seeking to attract more funds into the country, Finance Minister Nirmala Sitharaman on Tuesday said rules for Foreign Direct Investment (FDI) will be simplified. Presenting the Union Budget 2024-25, the…
- India
Govt to abolish angel tax on investments in startups
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced abolishing angel tax for all classes of investors in startups. In her Budget speech, she also announced various changes with respect to tax…
- India
Govt cuts customs duty on gold, silver, mobile phones
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday proposed reduction in basic customs duty on gold and silver to 6 per cent and platinum to 6.4 per cent. In her budget speech…
- India
SBI says systems working fine, unaffected by Microsoft outage
Mumbai: Country’s largest lender State Bank of India (SBI) on Friday said its systems are unaffected by the Microsoft global outage. “We are all fine,” its chairman Dinesh Khara told PTI, when…
