Business news
- Business
GST evasion worth Rs 824 cr unearthed, ICICI Prudential among 15 entities under probe
New Delhi: A Goods and Services tax (GST) evasion worth Rs 824 crore has been detected against 15 insurance companies as well as several non-banking financial companies (NBFCs). According to sources privy…
- Business
Centre authorises SBI to issue electoral bonds between Oct 1-10
New Delhi: The State Bank of India (SBI) has been authorised to issue and encash electoral bonds through its 29 branches between October 1-10. This would be the 22nd phase of sale…
- Business
Rupee rises 35 paise to 81.58 against US dollar
Mumbai: The rupee appreciated 35 paise to 81.58 against the US dollar in early trade on Thursday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the…
- Business
Uber rival Lyft freezes all hirings amid economic instability
San Francisco: Ride-hailing platform Lyft has announced to freeze all hirings amid the economic instability and recession fears. The freeze affects all Lyft departments in the US and will last into next…
- Business
Zomato says confident to make profit from inter-city food delivery
New Delhi: Online food aggregator Zomato on Wednesday said that its inter-city food delivery will start making profit even at “a slight scale” amid concerns of the service being a logistical nightmare…
- Business
Virgin Atlantic updates gender identity policy, gives staff choice of uniform
New Delhi: Virgin Atlantic has launched its updated gender identity policy, giving its crew, pilots and ground team the option to choose which of the iconic uniforms, designed by Vivienne Westwood, best…
- Business
Essar Oil UK signs offtake agreement with Vertex Hydrogen
London: Essar Oil UK Limited (Essar) has announced that it has signed a Heads of Terms offtake agreement with Vertex Hydrogen (Vertex) for the supply of 280MW plus of hydrogen. The hydrogen…
- Business
Rupee slides to all-time low of 81.93 against US dollar
Mumbai: The Indian rupee has depreciated to trade at an all-time low of 81.93 against the US dollar after the surge in dollar index, dealers said. At the interbank foreign exchange, the…
- Business
Yogi government asks banks to upgrade security systems
Lucknow: The Uttar Pradesh government has decided to upgrade the security system in the banking sector. Principal secretary, home, Sanjay Prasad said, surveillance systems and data storage would be made more effective…
- Business
Rupee rises 14 paise to close at 81.53 against US dollar
Mumbai: The rupee consolidated in a narrow range and settled 14 paise higher at 81.53 against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the…
- Technology
Foxconn tweaks iPhone 14 production lines to build more Pro models in China: Report
Hong Kong: Apple supplier Foxconn has dismantled parts of its production lines for iPhone 14 models in China to update them to manufacture more Pro models as the high-end Apple iPhones are…
- Business
RBI fighting a lost INR battle, say analysts
New Delhi: A stronger USD would imply higher global inflation exported by the US, lower global trade, cry for reverse FX wars, and pressure on equities and emerging markets assets, Emkay Global…
- Business
GitHub for Startups developer platform now in India
Bengaluru: Open-source software development platform GitHub on Tuesday said it has made its developer platform available in India to help boost the startup ecosystem. Eligible startups in India, and globally, will receive…
- Technology
SOUTH Korean telcos raise Galaxy Z Flip 4 subsidies ahead of iPhone 14 launch
Seoul: South Korean mobile carriers SK Telecom and KT Corp have raised the amount of subsidies for the high-end model of Samsungs latest foldable smartphone ahead of next month’s scheduled launch of…
- Business
Sitharaman criticises states seeking more funds, says ‘You Me’ culture won’t work
Chennai: Union Finance Minister Nirmala Sitharaman on Monday criticised states seeking greater funds from the Central government on the basis of the fact that they generated more revenue. Addressing a CNN-News18 Town…
