Business news
- Business
Sensex, Nifty extend winning run to 3rd day as financial, energy shares advance
Mumbai: Benchmark Sensex and Nifty closed higher for a third session in a row on Wednesday as fag-end buying in banking, financial and oil stocks helped the indices rebound from early lows…
- Business
RBI imposes Rs 3.06 cr penalty on Amazon Pay (India) for violation of norms
Mumbai: The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to…
- Business
Rupee falls 11 paise to close at 82.75 against US dollar
Mumbai: The rupee depreciated 11 paise to close at 82.75 against the US currency on Friday, as the strength of the American currency in the overseas market and a muted trend in…
- Business
Indian banks to issue bonds to maintain capital levels: CARE Ratings
Chennai: With credit off-take increasing, Indian banks are expected to issue bonds to maintain their capital levels and support their advances while cost of funds — deposits and borrowings are likely to…
- Business
SBI allows Bhim-based real-time payment with Singapore
Mumbai: A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online…
- Business
McKinsey to slash 2,000 jobs in one of biggest layoffs
San Francisco: Global consulting firm McKinsey & Co is reportedly planning to slash about 2,000 jobs in one of the largest layoffs, the media reported. The job cut is likely to focus…
- Technology
Musk continues to sack Twitter employees despite promise not to do so
New Delhi: Elon Musk is still laying off Twitter employees as dozens of workers across sales and engineering departments were laid off last week, including one of Musk’s direct reporting executive who…
- Business
Newark-Delhi Air India flight diverted to Stockholm after oil leak
New Delhi: A Delhi-bound Air India flight from the Newark airport in New Jersey with nearly 300 passengers on board, was diverted to Stockholm following an oil leak. Flight AAI106, a Boeing…
- Business
Markets fall in initial trade on weak global trends
Mumbai: Stock market benchmark indices fell in initial trade on Wednesday tracking weak global trends ahead of the release of minutes of the Federal Open Market Committee (FOMC) meeting. The BSE Sensex…
- India
Yogi govt to present its largest-ever budget
Lucknow: The Yogi Adityanath government in Uttar Pradesh will present its annual budget — largest ever — for 2023-2024 in the state Assembly on Wednesday. State Finance Minister Suresh Khanna said that…
- India
Finance Minister meets ADB President, lauds support to India
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday met Asian Development Bank (ADB) President Masatsugu Asakawa, and acknowledged the swift response and support provided by the institution to all its developing member…
- Business
Hyderabad home to maximum USFDA approved pharma units in world
Hyderabad: Hyderabad, which has emerged as a key global hub in life sciences, is home to the largest number of US Food and Drug Administration (USFDA) approved companies in the world. With…
- Business
Crypto exchange Coinbase faces cyberattack, employee targeted
San Francisco: Crypto exchange Coinbase has announced that a hacker stole the login credentials of a company employee to gain remote access to its system, and as a result, obtained some contact…
- Business
Over two-month deadlock between truckers, Adani Group ends in Himachal
Shimla: The over two-month deadlock between the transporters and the Adani Group, which owned two major cement plants in Himachal Pradesh, ended on Monday with both agreeing on the freight rate. With…
- Business
India’s GDP growth in FY23 to be 7%, FY24 at 6%: Acuite Ratings
Chennai: Credit rating agency Acuite Ratings and Research on Monday reiterated India’s gross domestic product (GDP) growth estimate for FY23 at 7 percent. It also anticipates the economic growth trajectory in FY24…
