Foreign Exchange Reserves Rise For Third Straight Week To $550 Billion

For the week ended Nov 18, India’s reserves were at $547.25 billion.(File) Mumbai: India’s foreign exchange reserves rose for the third straight week, to $550.14 billion in the week through Nov. 25, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. For the week ended Nov 18, the country’s reserves were at $547.25 […]

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Deadline Extended For 30% Cap On UPI Transactions By Payments Firms

UPI facilitates peer-to-peer online money transfers through mobile apps.(File) Mumbai: India has decided to extend the deadline on capping the share of digital payment transactions by about two years to Dec 31, 2024, the National Payments Corporation of India (NPCI) said today. The NPCI had said in late 2020 that payment firms will not be allowed […]

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SEBI Cuts Timelines For Dividend Payout To Mutual Fund Unitholders

Sebi cut the timelines for the payout dividend to unitholders by AMCs.(File) New Delhi: Capital markets regulator Securities and Exchange Board of India (Sebi) today cut the timelines for the payout of redemption amount and dividend to unitholders by Asset Management Companies (AMCs). In a circular, Sebi has reduced the timeline for dividends payout to seven working […]

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India Capable Of Generating 9% Growth, Says PM Prime Minister Economic Advisory Group Member

There is an opportunity for us to insert in the global supply chain, Sanjiv Sanyal said. New Delhi: India is capable of generating a 9 per cent growth rate but in view of the geopolitical situation, we should be satisfied with a 6.5-7 per cent economic expansion, says Sanjiv Sanyal, member of the Economic Advisory […]

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Unemployment Rate Falls To 7.2% In July-September: NSO Survey

Labour force is the part of the population which supplies labour for pursuing economic activities.(File) New Delhi: Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during July-September 2022 from 9.8 per cent a year ago, the National Statistical Office (NSO) said today. Joblessness or unemployment rate […]

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G7’s Oil Price Cap Sanctions To Have Little Impact On Russian Revenue Immediately

Proposed G7 oil price cap to have little immediate impact on Russian revenue LONDON/NEW DELHI/MOSCOW: The Group of Seven (G7) nations’ proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow’s revenues, as it is broadly in line with what Asian buyers are already paying, five industry sources […]

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Jet Airways Stock Falls 15% In 3 Days As Headwinds Gather

Aviation security agency BCAS has withdrawn the accreditation given to Jet Airways.(File) New Delhi: Carrier Jet Airways is on a shaky ground and its shares declined more than 15 per cent in three days, revealed stock exchange BSE today. Many developments, pertaining to the airline, have occurred in a span of 1-2 weeks. According to […]

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India Will Grow To Become A $40 Trillion Economy By 2047: Mukesh Ambani

Mukesh Ambani is the President of Board of Governors, PDEU.(File) Gandhi Nagar: Reliance Industries Chairman Mukesh Dhirubhai Ambani has said that India is poised for an “unprecedented explosion in economic growth and opportunities” during the Amrit Kaal and will grow from a $3 trillion economy to $40 trillion economy by 2047 to rank among the […]

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Centre Removes Duty On Some Steel Items After Exports Plunge

Centre scraps export tax on low grade iron ore, some steel intermediates NEW DELHI: The Finance Ministry, in a notification, said the government scrapped the 15 per cent export tax it had previously imposed on several steel intermediates after exports fell last month. At a time when steel and iron ore exports have seen a […]

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5 Tips to Encourage a Business Woman

WOMEN’S ENTREPRENEURSHIP DAY: Over the years, the world has seen a rise in women entrepreneurs which has contributed to the economic growth and stability of their respective countries. Women’s Entrepreneurship Day, on November 19 every year, commemorates the contribution women make to the economy and aims to promote a more welcoming environment for businesswomen. However, […]

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Rs 2.43 Lakh Crore Realised Through Insolvency Resolution Process: Report

So far, 532 Resolution Processes yielded resolution plans. New Delhi: Banks, financial institutions and other creditors of stressed companies have realised Rs 2.43 lakh crore through NCLT-supervised (National Company Law Tribunal) insolvency resolution processes against total claims of Rs 7.91 lakh crore till September 30, 2022. So far 532 CIRPs (Corporate Insolvency Resolution Process) yielded […]

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Keystone Realtors IPO (Public Issue) Subscribed 2 Times On Final Day

Price range for the IPO was at Rs 514-541 a share. (Representational) New Delhi: The initial public offering of Keystone Realtors, which sells properties under the brand ‘Rustomjee’, received 2 times subscription on the last day of offer today. The company’s Initial Public Offering (IPO) got bids for 1,73,72,367 shares against 86,47,858 shares on offer, […]

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BYJU’S Expects 3-Fold Growth In Revenue In FY’22

BYJU’s had booked a loss of Rs 4,588 crore for the fiscal year 2021. New Delhi: Edtech major BYJU’s expects to register a three-fold growth in revenue and losses to be halved in financial year 2022, according to a top company official. BYJU’s Founder and Chief Executive Officer (CEO)Byju Raveendran, at a startup event on […]

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TATA Motors Share Price: Tata Motors falls as core earnings fail to impress | India Business News

BENGALURU: Shares of Tata Motors fell as much as 5.5% on Thursday, a day after the automaker reported second-quarter core earnings that at least three analysts said missed their estimates due to higher expenses. Tata Motors posted a narrowed net loss for the July-September quarter and said its earnings before interest, taxes, depreciation, and amortisation […]

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Centre Not To Impose Anti-Dumping Duty On Chinese Metal Cutter Wheels

The product is used in various processes such as welding, cutting, and foundry.(Representational) New Delhi: The government has decided not to impose anti-dumping duty on Chinese metal cutter wheels, as the Finance Ministry has not accepted the recommendations of the Directorate General of Trade Remedies (DGTR) for imposing the levy. The Commerce Ministry’s investigation arm […]

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As Competitors Emerge, Country’s Largest Carrier IndiGo Faces Spate Of Challenges: Report

IndiGo had a domestic market share of 57.7 per cent in September.(File) New Delhi: It is the country’s largest airline and has been ruling the Indian skies for long. But as the aviation sector slowly claws back to normalcy after two years of pandemic-induced carnage, IndiGo is facing heat from competition which has been compounded […]

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State Bank Of India Sees Loan Growth Staying Robust After Record Profit

SBI has a term loan pipeline of 2.4 trillion rupees. (Representational) Mumbai: State Bank of India (SBI), the country’s largest lender, expects credit growth to remain in double-digits while it steps up efforts to attract more deposits, where it sees growth in line with the sector. The bank reported a 74% surge in quarterly net […]

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Tata Motors’s Passenger Vehicles to Cost More From November 7

Tata Motors sells a range of passenger vehicles like Tiago, Punch, and Nexon. (File) New Delhi: Tata Motors today said it has increased prices of its passenger vehicles with effect from November 7. The weighted average increase will be 0.9 per cent, depending on the variant and model, the auto major said in a statement. The […]

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