Business news

Most banks hike deposit rates ahead of festive season

Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.

Aug 17, 2022

DIF's Social Projects Initiative Marks 18 Years of Positive Investments

The concept of ethical investment as a strategy for ensuring the continued viability of funds is gradually gaining traction across the industry

Aug 17, 2022

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Sensex ends above 60K points for fourth day in row

Equity benchmark sensex stretched its winning run to the fourth straight session on Wednesday

Aug 17, 2022

Crypto Meltdown: BitGo deal fails as Galaxy Digital terminates $1.2 acquisition

Galaxy Digital has terminated the $1.2 billion acquisition of digital asset trust company BitGo as it failed to provide audited financial statements for the year 2021.

Aug 16, 2022

Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company [details]

As the Indian game developers begin to expand their global footprint, shares of ace investor Rakesh Jhunjhunwala-backed online gaming company Nazara Technologies surged 20 per cent after the firm reported a 22 per cent rise in net profit for the June quarter this year.

Aug 14, 2022

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Big market crash coming? Bank of America predicts Nifty to slump to 15600 by December [read now]

The firm stated that it is neutral on the information technology sector and underweight on stocks in the external/export-driven sectors like materials and select discretionary.

Aug 12, 2022

Stock markets: Benchmark indices rise marginally, Sensex ends over 59,400

Benchmark indices ended on a positive note on Friday, with Sensex and Nifty both rising marginally on the back of metals and oil & gas stocks.

Aug 12, 2022

Markets: Rupee, bond yield ends almost flat ahead on long weekend

The Indian rupee and the government bond yield ended almost flat on Friday as most traders remained on the sidelines ahead of the long weekend.

Aug 12, 2022

Airtel plans to launch 5G Services in 5,000 towns, nationwide coverage by 2024

Telecom tycoon Sunil Bharti Mittal's Bharti Airtel, one of India's biggest telcos, is preparing for the rollout of 5G services in India this month and aims to cover all towns and cities, including rural areas, in the country by 2024.

Aug 11, 2022

Are cryptocurrencies making a comeback?

Bitcoin prices have stabilised around the $23,000 to $24,000 level after plunging below $20,000 in June, media reports said.

Aug 11, 2022

Future is 'Made in America': Biden after signing $280 bn CHIPS & Science Act

US President Joe Biden on Tuesday signed the historic $280 billion CHIPS and Science Act into law that includes $52 billion to boost domestic semiconductor manufacturing.

Aug 10, 2022

Economy: Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told IANS.

Aug 6, 2022

Economy: Benchmark bond yield rises 9 basis bps after RBI hikes repo rate

The yield on benchmark government bond yields rose sharply by 9 basis points in the morning trade after the Reserve Bank of India (RBI) announced an increase of the repo rate by 50 basis points.

Aug 5, 2022

Shaktikanta Das, Governor, Reserve Bank of India

Ecomony: RBI ups policy rate to 5.40% to contain inflation

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent.

Aug 5, 2022

Personal Data Protection Bill to be withdrawn; sharper one in offing [details inside]

The government on Wednesday said it will withdraw the contentious Personal Data Protection (PDP) Bill 2019 which has seen 81 amendments in the past three years and will introduce a new, sharper bill that fits fit into the comprehensive legal framework and protect the data of billions of citizens.

Aug 3, 2022