Tuesday, February 7, 2023
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Gold prices edge up as dollar eases

Gold prices edge up as dollar eases

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NEW DELHI: Gold prices ticked up on Thursday as the US dollar eased, with...
Elon Musk found not guilty of fraud over 2018 Tesla tweet

Elon Musk found not guilty of fraud over 2018 Tesla tweet

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SAN FRANCISCO: A jury on Friday decided Elon Musk didn’t defraud investors with his...
SBI has $2.6 billion of loans to Gautam Adani

SBI has $2.6 billion of loans to Gautam Adani

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MUMBAI: State Bank of India, the country’s largest financier, has given loans of as...
20 African women of impact 2022

20 African women of impact 2022

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Women take the front seat globally when it comes to making an impact. According...
Budget 2023: Cigarettes, gold and silver jewellery to get more expensive this year

Budget 2023: Cigarettes, gold and silver jewellery to get more expensive this year

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Smoking will become even more expensive as the government has increased custom duty on...
Gold plunges Rs 574, silver plummets Rs 2,113 amid weak global trends

Gold plunges Rs 574, silver plummets Rs 2,113 amid weak global trends

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NEW DELHI: Gold prices plunged by Rs 574 to Rs 57,155 per 10 grams...
Monthly GST revenue at Rs 1.50 lakh crore to be new normal next fiscal: CBIC chief

Monthly GST revenue at Rs 1.50 lakh crore to be new normal next fiscal: CBIC chief

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NEW DELHI: Monthly GST collection is expected to average around Rs 1.50 lakh crore...
Destination digital: A spotlight on Sub-Saharan Africa’s prospects

Destination digital: A spotlight on Sub-Saharan Africa’s prospects

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As seen around the world, investment into digital transformation is paving the way for...
Economy to grow 6-6.8% next year, recovery complete: Annual Economic Survey

Economy to grow 6-6.8% next year, recovery complete: Annual Economic Survey

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The annual Economic Survey for 2022-23 projected the economy to grow by somewhere between...
Bitcoin jumps to highest since August in post-Fed crypto rally

Bitcoin jumps to highest since August in post-Fed crypto rally

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Bitcoin hit the highest since August as investors interpreted Federal Reserve Chair Jerome Powell’s...
RIL, Vedanta, L&T and other stocks in news today

RIL, Vedanta, L&T and other stocks in news today

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Trends in the SGX Nifty indicate a negative opening for the broader Indian markets....
Why You Lose Your Power When You Blame Others –

Why You Lose Your Power When You Blame Others –

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Contributed by Gino Wickman, a recent EO 360 podcast guest and the author of Traction and The EOS Life,...
Govt doubles deposit limit for senior citizen savings scheme to Rs 30 lakh

Govt doubles deposit limit for senior citizen savings scheme to Rs 30 lakh

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NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit...
Meta mojo is back as earnings surprise sparks share surge, lifts Big Tech

Meta mojo is back as earnings surprise sparks share surge, lifts Big Tech

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Meta Platforms Inc shares rose about 23% on Thursday and helped spark a rally...
Indian economy presents a picture of resilience amid global shocks: RBI governor Shaktikanta Das

Indian economy presents a picture of resilience amid global shocks: RBI governor Shaktikanta Das

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MUMBAI: Amid global shocks and challenges, the Indian economy presents a picture of resilience...
Debit card plaints fall, rise for loans

Debit card plaints fall, rise for loans

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Mumbai: Customer complaints against debit cards and ATM cards have shrunk due to the...
Exposure of Banks, financial institutions to Adani Group well within limit: Finance minister Sitharaman

Exposure of Banks, financial institutions to Adani Group well within limit: Finance minister Sitharaman

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NEW DELHI: The Centre on Friday moved to soothe sentiments of investors, with finance...
Markets fall on Fed rate-hike fears, Adani uncertainty

Markets fall on Fed rate-hike fears, Adani uncertainty

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BENGALURU: Indian shares opened lower on Monday, dragged down by IT services companies, after...
Musk first ever to lose $200bn

Musk first ever to lose $200bn

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Elon Musk was the second person ever to amass a personal fortune of more...
Dine-ins to attract 5% GST, not pre-packed ready-to-eat items

Dine-ins to attract 5% GST, not pre-packed ready-to-eat items

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MUMBAI: The Gujarat bench of GST Authority for Advance Rulings (AAR) held in a...
Energy transition cannot come at the cost of the poor: Hardeep Puri

Energy transition cannot come at the cost of the poor: Hardeep Puri

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BENGALURU: Energy transition cannot happen overnight or without ensuring affordability and energy justice for...
Five Ways To Make Your Startup Stand Out From The Competition

Five Ways To Make Your Startup Stand Out From The Competition

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Making your business stand out from others in a crowded marketplace is key to...
Paytm Q3 consolidated loss narrows to Rs 392 crore

Paytm Q3 consolidated loss narrows to Rs 392 crore

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NEW DELHI: Digital financial services firm One97 Communications on Friday said it has narrowed...
RBI seeks details of banks’ exposure to Adani Group

RBI seeks details of banks’ exposure to Adani Group

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MUMBAI: The Reserve Bank of India (RBI) has sought details about lenders' exposures to...
Modi govt ‘fearless, decisive’, says President Murmu, cites war on Covid, terror | India News

Modi govt ‘fearless, decisive’, says President Murmu, cites war on Covid, terror | India News

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NEW DELHI: President Droupadi Murmu Tuesday showcased fearlessness, decisiveness and stability among the hallmarks...
Banks’ consolidated balance sheet hits double-digit growth in FY22: Report

Banks’ consolidated balance sheet hits double-digit growth in FY22: Report

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MUMBAI: The consolidated balance sheet of Indian banks notched double-digit growth in 2021-22, after...
Rupee eases, but holds around key support level on muted dollar

Rupee eases, but holds around key support level on muted dollar

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MUMBAI: The rupee eased slightly against the US currency on Wednesday amid a flat...
Tax reins tightened, charitable trusts have no margin of error

Tax reins tightened, charitable trusts have no margin of error

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MUMBAI: The Budget proposes a slew of amendments that would cost a charitable trust...
Oil rises in thin trade on concerns over US storm impact

Oil rises in thin trade on concerns over US storm impact

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TOKYO: Oil prices rose in light trade on Tuesday on concerns that winter storms...
SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

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MUMBAI: The Reserve Bank of India (RBI) on Monday said state-owned SBI, along with...
Explained: Income tax for individuals in new regime

Explained: Income tax for individuals in new regime

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NEW DELHI: To reduce the compliance burden, promote entrepreneurial spirit and to provide tax...
New Year begins with Rs 25 hike in commercial LPG rates

New Year begins with Rs 25 hike in commercial LPG rates

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NEW DELHI: State-run fuel retailers raised prices of 19-kg commercial LPG (liquefied petroleum gas)...
Adani Enterprises shares tank 15%; most group firms also fall

Adani Enterprises shares tank 15%; most group firms also fall

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NEW DELHI: Shares of Adani Enterprises tumbled 15 per cent in morning trade on...
Dell to slash about 6,650 jobs: Report

Dell to slash about 6,650 jobs: Report

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Dell Technologies Inc will eliminate about 6,650 jobs, or about 5% of its global...
In Charts: How India can reduce dependence on China for imports by leveraging PLI schemes

In Charts: How India can reduce dependence on China for imports by leveraging PLI schemes

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India can reduce its dependence on China for imports to the extent of 10%...
Centre asks Vodafone Idea to convert government dues into equity worth $2 billion

Centre asks Vodafone Idea to convert government dues into equity worth $2 billion

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BENGALURU: Troubled mobile service provider Vodafone Idea Ltd said on Friday the government ordered...
Tatas rename AirAsia India as AIX Connect ahead of merger

Tatas rename AirAsia India as AIX Connect ahead of merger

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NEW DELHI: Tata Group has renamed AirAsia India as AIX Connect, ahead of the...
What this new YouTube report says about content creation in Africa

What this new YouTube report says about content creation in Africa

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Video sharing platform, YouTube has become a big part of content creation. Even with...
US added a strong 517,000 jobs in January despite Fed hikes

US added a strong 517,000 jobs in January despite Fed hikes

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WASHINGTON: America's employers added a robust 517,000 jobs in January, a surprisingly strong gain...
Can the Indian rupee become the new dollar?

Can the Indian rupee become the new dollar?

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Union Budget 2023: 1 crore in Rs 5-7 lakh income range set to gain from new tax regime

Union Budget 2023: 1 crore in Rs 5-7 lakh income range set to gain from new tax regime

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NEW DELHI: Close to one crore individuals in the Rs 5-7 lakh income range...
‘Substantial changes’ made in personal I-T in Budget, new tax regime now more attractive: Sitharaman

‘Substantial changes’ made in personal I-T in Budget, new tax regime now more attractive: Sitharaman

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NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday said the government has made the...
Govt hikes interest rates on certain small savings schemes

Govt hikes interest rates on certain small savings schemes

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The government on Friday hiked interest rate on certain small savings schemes for the...
Declining core inflation limits need for further interest rate hikes by RBI: S&P

Declining core inflation limits need for further interest rate hikes by RBI: S&P

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NEW DELHI: S&P Global Ratings on Tuesday said core inflation in India has been...
Sensex, Nifty jump over 1% on heavy buying in banking stocks

Sensex, Nifty jump over 1% on heavy buying in banking stocks

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MUMBAI: Equity benchmarks sensex and Nifty rallied over 1 per cent on Friday due...
Naira scarcity, fuel scarcity, and power cuts. Everything is happening in Nigeria simultaneously.

Naira scarcity, fuel scarcity, and power cuts. Everything is happening in Nigeria simultaneously.

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Less than 24 hours after a new monetary policy was extended by the Central Bank of...
Nine of top-10 firms add Rs 1.88 lakh cr in m-cap; ITC biggest gainer

Nine of top-10 firms add Rs 1.88 lakh cr in m-cap; ITC biggest gainer

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NEW DELHI: Nine of the 10 most valued firms together added Rs 1.88 lakh...
GST collection at Rs 1.55 lakh crore in January, second highest-ever

GST collection at Rs 1.55 lakh crore in January, second highest-ever

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NEW DELHI: The GST collection in January surged to over Rs 1.55 lakh crore,...
In 1st rating action, S&P cuts outlook on 2 Adani companies to negative

In 1st rating action, S&P cuts outlook on 2 Adani companies to negative

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MUMBAI: In the first rating action since the Hindenburg report, S&P has lowered the...
Banking sector remains resilient and stable, says RBI

Banking sector remains resilient and stable, says RBI

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NEW DELHI: The Reserve Bank of India (RBI) on Friday said that the Indian...
Tata Steel slips into red; posts Rs 2,501.95 crore loss in Q3

Tata Steel slips into red; posts Rs 2,501.95 crore loss in Q3

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NEW DELHI: Steel major Tata Steel on Monday reported a consolidated net loss of...
Vedanta ropes in industry veteran David Reed as semiconductor business CEO

Vedanta ropes in industry veteran David Reed as semiconductor business CEO

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BENGALURU: Anil Agarwal-led Vedanta on Monday named industry veteran David Reed to head its...
Kotak, Mahindra bat for Indian economy

Kotak, Mahindra bat for Indian economy

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MUMBAI: Industry leaders Uday Kotak and Anand Mahindra have reacted to global commentary on...
Spread Covid awareness: Irdai to insurance companies

Spread Covid awareness: Irdai to insurance companies

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MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) has asked insurance companies...
RBI asks local banks for details of exposure to Adani group: Report

RBI asks local banks for details of exposure to Adani group: Report

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NEW DELHI/MUMBAI: The central bank has asked local banks for details of their exposure...
Want own terms for int’l bond indices: Finance secretary T V Somanathan s

Want own terms for int’l bond indices: Finance secretary T V Somanathan s

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MUMBAI: The government will not make any extraordinary effort to be part of international...
Nine Factors To Consider Before Upgrading Or Replacing Your Business Equipment

Nine Factors To Consider Before Upgrading Or Replacing Your Business Equipment

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When it comes time to upgrade or replace your business's equipment—such as computers, vehicles,...
Made cash transfer of Rs 2.2 lakh crore under PM-KISAN scheme: Nirmala Sitharaman

Made cash transfer of Rs 2.2 lakh crore under PM-KISAN scheme: Nirmala Sitharaman

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NEW DELHI: The government made cash transfer of Rs 2.2 lakh crore under the...
Mozambique’s first oil export to Europe, an economic emancipation or oil curse?

Mozambique’s first oil export to Europe, an economic emancipation or oil curse?

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Mozambique has finally launched its first export of Liquefied Natural Gas (LNG) to Europe....
Punjab & Sind Bank board to consider fundraise of Rs 250 crore on December 30

Punjab & Sind Bank board to consider fundraise of Rs 250 crore on December 30

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NEW DELHI: City-based Punjab & Sind Bank on Tuesday said its board will meet...
Samsung’s quarterly profit plunges to 8-year low on demand slump

Samsung’s quarterly profit plunges to 8-year low on demand slump

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SEOUL: Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds...
Adani wipeout puts focus on Union Budget 2023 to reignite stock market rally

Adani wipeout puts focus on Union Budget 2023 to reignite stock market rally

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After a $68 billion rout in Adani Group shares that has helped make India’s...
India mandates pre-departure Covid tests for pax arriving from five Asian countries including Thailand and Singapore

India mandates pre-departure Covid tests for pax arriving from five Asian countries including Thailand and Singapore

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MUMBAI: From January 1, passengers from Thailand, Singapore, Japan, Hong Kong, China and Korea...
‘New leave rule: Non-government staff to gain ₹20,000/year’

‘New leave rule: Non-government staff to gain ₹20,000/year’

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NEW DELHI: Revenue secretary Sanjay Malhotra is a recent entrant to the department, having...
Regulators should act, on time and to keep markets stable: FM

Regulators should act, on time and to keep markets stable: FM

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FM Nirmala Sitharaman says Budget aimed at keeping growth momentum alive. In an interview...
Indian talent is centre of excellence for world: Allegis Apac president Waag

Indian talent is centre of excellence for world: Allegis Apac president Waag

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BENGALURU: The $14.5-billion talent management firm Allegis Group is focusing on providing full-stack managed...
63 passengers put on no fly list in last 1 year, says government

63 passengers put on no fly list in last 1 year, says government

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NEW DELHI: In the last one year, 63 flyers have been put on no...
Citigroup wealth unit halts margin loans on Gautam Adani securities

Citigroup wealth unit halts margin loans on Gautam Adani securities

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Citigroup Inc’s wealth arm has stopped accepting securities of Gautam Adani’s group of firms...
Oil’s new map: How India turns Russia crude into the West’s fuel

Oil’s new map: How India turns Russia crude into the West’s fuel

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India is playing an increasingly important role in global oil markets, buying more and...
Asian shares slip as investors gauge China reopening policy

Asian shares slip as investors gauge China reopening policy

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SINGAPORE: Asian equities were subdued on Wednesday, while the dollar held firm, with investors...
Oil set to close higher in 2022, a turbulent year marked by tight supplies

Oil set to close higher in 2022, a turbulent year marked by tight supplies

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SINGAPORE: Oil prices edged up on Friday and were on track to post a...
Atmanirbhar stimulus for EPFO in post-Covid times

Atmanirbhar stimulus for EPFO in post-Covid times

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The Economic Survey points to a rise in formalisation of employment, and increase in...
UPI transactions hit record 782 crore in December

UPI transactions hit record 782 crore in December

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MUMBAI: Transactions on the Unified Payments Interface (UPI) platform hit a new record of...
OMCs hike commercial gas cylinder price by Rs 25

OMCs hike commercial gas cylinder price by Rs 25

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NEW DELHI: The oil marketing companies (OMCs) on Sunday raised the price of commercial...
Starlink promises a new era of fast internet in Nigeria

Starlink promises a new era of fast internet in Nigeria

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On the 29th of March, 2022, the Russian army assailed the streets of Irpin,...
Indian banks’ exposure to Adani group “insufficient” to pose credit risk: Fitch

Indian banks’ exposure to Adani group “insufficient” to pose credit risk: Fitch

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MUMBAI: The exposure of Indian banks to the embattled Adani Group is "insufficient in...
Union Budget 2023: No capital gains on gold to e-gold conversion

Union Budget 2023: No capital gains on gold to e-gold conversion

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NEW DELHI: The price of gold rose more than 1% as Finance Minister Nirmala...
Amul hikes milk prices by Rs 2 per litre; Gujarat exempted

Amul hikes milk prices by Rs 2 per litre; Gujarat exempted

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The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the...
On Dec 6 AI Paris flight, another drunk flyer peed on woman’s seat

On Dec 6 AI Paris flight, another drunk flyer peed on woman’s seat

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MUMBAI: Ten days after the shocking urinating incident on an Air India New York...
Sebi to banks: Attach Sahara firm, Roy accounts

Sebi to banks: Attach Sahara firm, Roy accounts

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Markets regulator Sebi on Monday ordered the attachment of bank and demat accounts of...
India’s forex kitty jumps $3.03 billion to $576.76 billion in third weekly rise

India’s forex kitty jumps $3.03 billion to $576.76 billion in third weekly rise

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MUMBAI: India's forex reserves increased by $3.034 billion to $576.76 billion as of January...
India’s services sector growth eases slightly in January

India’s services sector growth eases slightly in January

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NEW DELHI: The Indian services sector growth rate moderated in January as output and...
Adani prepays loans of $1.1 billion to release pledged group companies shares

Adani prepays loans of $1.1 billion to release pledged group companies shares

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MUMBAI: Adani Group chairman Gautam Adani has paid off $1.1 billion (Rs 9,203 crore)...
Govt abolishes customs duty on cars, tyres imported for testing

Govt abolishes customs duty on cars, tyres imported for testing

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NEW DELHI: The government has done away with the customs duty on vehicles imported...
Swiggy appoints 3 independent directors on its board

Swiggy appoints 3 independent directors on its board

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NEW DELHI: On-demand convenience delivery platform Swiggy on Monday announced appointments of three independent...
Government: Treat online money game companies on par with social media firms

Government: Treat online money game companies on par with social media firms

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NEW DELHI: The government on Monday suggested that companies that offer online games involving...
A closer look at Zimbabwe’s relations with Russia and its allies

A closer look at Zimbabwe’s relations with Russia and its allies

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After two decades of economic sanctions by the United States and its allies, Zimbabwe...
‘AirAsia India will sunset in India; there’ll be a robust new LCC with a formidable pan-Asia & meaningful domestic presence using a new fleet:’ Aloke Singh

‘AirAsia India will sunset in India; there’ll be a robust new LCC with a formidable pan-Asia & meaningful domestic presence using a new fleet:’...

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NEW DELHI: AirAsia India Pvt Ltd (AAIPL), now AIX Connect, will “sunset in India”...
India’s coal demand likely to peak between 2030-2035: Minister

India’s coal demand likely to peak between 2030-2035: Minister

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NEW DELHI: The demand for coal in India will continue and is likely to...
Dus Pe Bas: Budget caps capital gains benefit on luxe home sale

Dus Pe Bas: Budget caps capital gains benefit on luxe home sale

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Planning to sell your luxury home to buy another one with an eye on...
Rupee slides 89 paise to 82.73/$ in biggest fall in four months

Rupee slides 89 paise to 82.73/$ in biggest fall in four months

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MUMBAI: The rupee ended 89 paise lower to close at 82. 73 against the...
50k-70k senior citizens may opt for ₹30 lakh deposit scheme

50k-70k senior citizens may opt for ₹30 lakh deposit scheme

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NEW DELHI: The government expects as much as 10% of the seven lakh senior...
Adani’s adversity raises the stakes for India and investors

Adani’s adversity raises the stakes for India and investors

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SINGAPORE: As Indian tycoon Gautam Adani's woes deepen and force him to drop a...
Rupee starts 2023 on flat note

Rupee starts 2023 on flat note

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MUMBAI: The rupee started the New Year on a flat note on the first...
Explainer: Why is Gautam Adani’s Indian empire in turmoil?

Explainer: Why is Gautam Adani’s Indian empire in turmoil?

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MUMBAI: The business empire of Gautam Adani is in mayhem, losing more than $100...
Three flights for the price of none: IndiGo gives refund to Patna-bound flyer who landed in Udaipur

Three flights for the price of none: IndiGo gives refund to Patna-bound flyer who landed in Udaipur

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NEW DELHI: IndiGo has refunded the Delhi-Patna airfare paid by Afsar Hussain — who...
Adani Transmission net profit up nearly 73% to Rs 478 crore in Q3

Adani Transmission net profit up nearly 73% to Rs 478 crore in Q3

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NEW DELHI: Adani Transmission Ltd (ATL) on Monday posted a nearly 73 per cent...
No impact of Adani FPO cancellation on economy: Union finance minister Nirmala Sitharaman

No impact of Adani FPO cancellation on economy: Union finance minister Nirmala Sitharaman

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NEW DELHI: Union finance minister Nirmala Sitharaman said here on Saturday that the cancellation...
Jo Johnson, brother of UK ex-PM, resigns as director of Adani linked firm

Jo Johnson, brother of UK ex-PM, resigns as director of Adani linked firm

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LONDON: Lord Jo Johnson, younger brother of former British prime minister Boris Johnson, has...
Adani row: Indian regulators are very competent to handle the situation, says Piyush Goyal

Adani row: Indian regulators are very competent to handle the situation, says Piyush Goyal

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BENGALURU: Union minister for commerce and industry Piyush Goyal on Saturday said regulators are...