Business news

Indian corporate credit quality remains strong

Indian corporate credit quality robust, says CRISIL Ratings

The credit ratio is in line with the positive credit quality outlook CRISIL Ratings had articulated earlier -- that upgrades will far outnumber downgrades through this fiscal.

Oct 3, 2022

After Alibaba fiasco, SoftBank plans to cut 30% of Vision Fund staff: Report

Bloomberg reported that the company has started briefing some employees -- around 150 -- about being laid off. The SoftBank Vision Fund unit had about 500 employees as last reported.

Sep 30, 2022

Sensex, Nifty wriggle out, show early positive trends

The benchmark indices ended lower on Wednesday with Sensex falling more than 500 points, and Nifty ending over 140 points down.

Sep 29, 2022

Recession woes grip markets, Sensex falls to 56,891.95

Recession woes grip markets, Sensex falls 56,891.95 points on Wednesday

Sep 28, 2022

Indian Rupee hits 81.93 per US dollar, bloodbath continues in Forex markets

Indian rupee and major currencies across the world from Yuan, UK's sterling, China's Yuan, Australia's dollar, are facing bloodbath in forex markets

Sep 28, 2022

Oct 1 deadline for compulsory e-invoice generation nearing

Businesses having aggregate annual turnover of Rs 10 crore and more will have to compulsorily generate e-invoices for business-to-business (B2B) transactions from October 1 onwards, according to the Finance Ministry

Sep 27, 2022

Fears of Bank of England emergency interest rate hike may trigger plunging pound

The pound sterling was "absolutely hammered" in trading early Monday morning, dropping to just $1.0327 - under the grim 1985 baseline of $1.0545.

Sep 27, 2022

Interpol issues Red Notice for crypto firm Terraform founder Do Kwon

The request came after Singapore's police said that Kwon was not in the city state, where prosecutors had believed he was residing, reports Yonhap news agency.

Sep 26, 2022

Big Billion Days 2022: Flipkart sales peak to 1.6 mn per second, witnessing record high in 9 years

The number of Flipkart Plus customers using Early Access during the sale also saw a healthy growth as compared to last year's event, according to the company.

Sep 24, 2022

Byju's settles dues in Aakash deal, pays $234 million to Blackstone

The settlement comes at a time when Byju's is apparently facing the crisis of its lifetime

Sep 24, 2022

Draft telecom bill to be finalised within 6-10 months: Minister

Union Telecom Minister Ashwini Vaishnaw on Friday said that the draft telecom bill would be finalised within the next six to 10 months.

Sep 23, 2022

Sensex falls sharply by 600 points, Indian Rupee weakens to Rs.80.71

Sensex falls sharply by 600 points, and Indian Rupee weakens to Rs.80.71, lowest level in 20 years

Sep 23, 2022

US Fed delivers another big interest rate hike, Sensex falls, rupee at Rs 80.45 per dollar

The 0.75 hike was the fourth in 2022, which is expected to impact other markets and the global economies and currencies.

Sep 22, 2022

For non-profits wanting to get listed on Social Stock Exchange, there should be no I-T notice or scrutiny: SEBI

The SEBI on Monday proposed a new framework for the Social Stock Exchange (SSE). This new framework would allow the listing of non-profit organisations (NPO).

Sep 21, 2022

Adani group's market valuation stands at $260 billion: Gautam Adani

In a speech made at an event to mark the completion of the ACC-Ambuja Cements acquisition on September 17, Adani said this acquisition is India's largest ever inbound M&A transaction in the infrastructure and materials space and closed in a record time of four months.

Sep 19, 2022

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