Business news
- Business
Omicron Blow: Rupee expected to weaken on inflation, infection woes
Mumbai: Likely surge in bond yields along with rising COVID-19 cases are expected to weaken the Indian rupee during the upcoming week. Besides, persistently high energy costs could subdue the rupee bulls.…
- Business
Rupee gains 10 paise to 74.48 against US dollar in early trade
Mumbai: The rupee appreciated by 10 paise to 74.48 against the US dollar in opening trade on Wednesday, tracking gains in domestic equity markets. At the interbank foreign exchange, the rupee opened…
- Technology
Google acquires cybersecurity startup Siemplify for $500 mn
San Francisco: To bolster its response to ever-growing cyber-attacks, Google has acquired an Israel-based cybersecurity startup ‘Siemplify’ reportedly for $500 million. The startup will be integrated into Google Cloud Platform, especially its…
- Business
Sensex extends gains for 3rd day amid global rally
Mumbai: Equity benchmarks defied gravity for the third session on the trot on Tuesday, in tandem with a rally in global markets as investors shrugged off soaring Omicron cases in multiple countries.…
- Business
Rupee falls 29 paise to close at 74.57 against US dollar
Mumbai: The rupee on Tuesday slumped 29 paise to close at 74.57 (provisional) against the US dollar, tracking the strength of the American currency in the overseas market. Forex traders said growing…
- Business
Rupee falls 26 paise to 74.54 against US dollar in early trade
Mumbai: The rupee declined by 26 paise to 74.54 against the US dollar in opening trade on Tuesday, tracking the strength of the American currency in the overseas market. Forex traders said…
- Business
Sensex, Nifty firm up gains in opening session
Mumbai: The BSE gauge Sensex rose over 277 points in opening deals on Tuesday, tracking overall buoyancy in global markets led by record-setting US stocks. Continuing its winning momentum, the 30-share benchmark…
- Technology
Chinese Internet firms log $223 bn in revenue in Jan-Nov 2021
Beijing: China’s Internet sector registered robust growth in business revenue and profits in the first 11 months of 2021, serving as a key driver to shore up the country’s economic growth. The…
- Middle East
Suez Canal revenues hit all-time record at USD 6.3 billion
Cairo: Egypt’s Suez Canal said Sunday its annual revenues reached USD 6.3 billion last year, the highest in the crucial waterway’s history. Admiral Ossama Rabei, head of the Suez Canal Authority, said…
- Business
Inflation concerns, volatility in risky assets to boost gold’s demand: ICICI Securities
New Delhi: Rising concerns over higher inflation and expectations of high volatility in riskier assets are expected to boost the demand for gold in 2022, brokerage house ICICI Securities said. Besides, the…
- Business
India gets 1st unicorn of 2022 in Mamaearth parent Honasa
Gurugram: Digital-first consumer brands platform Honasa, that owns personal care brands like Mamaearth, on Saturday said it has raised $52 million led by Sequoia, becoming the first Indian unicorn of 2022. Along…
