Business news

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Personal Data Protection Bill to be withdrawn; sharper one in offing [details inside]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

Swiggy introduces new "Moonlighting" policy for employees to make more money

On-demand delivery platform Swiggy on Wednesday introduced a new "Moonlighting" policy for its employees that will let them take up external projects to make more money.

Aug 3, 2022

IPO-bound BharatPe appoints new CFO amid high-profile exits

Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for its initial public offering (IPO).

Aug 3, 2022

Stock markets: Domestic indices end flat, Sensex closes above 58,000

Domestic benchmark indices ended flat on Tuesday after rising for four consecutive sessions due to multiple negative global cues.

Aug 2, 2022

Oppo, Vivo, Xiaomi served notices for duty evasion; FM informs Rajya Sabha [details]

Mobile companies Oppo India, Xiaomi India and Vivo India have been served notices by the Directorate of Revenue Intelligence (DRI) for duty evasion, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday.

Aug 2, 2022

Indian telcos' magnificent response to PM Modi's telecom reforms; auction grosses Rs 1,50,130 crore [details]

Day 6 of the ongoing 5G spectrum auction on Sunday saw an incremental increase in the bidding figure after 37 rounds, with the government now receiving bids worth Rs 1,50,130 crore to date.

Aug 1, 2022

Stock markets closure: Sensex extend gains for fourth day, ends above 58K; Nifty ends over 17K

The benchmark indices started August on a positive note with Sensex rising above 500 points and Nifty over 180 points on positive global sentiments.

Aug 1, 2022

Ola CEO Bhavish Aggarwal denies rumours of merger plans with Uber

Ola Founder and CEO Bhavish Aggarwal on Friday refuted a report that said Ola and Uber are considering a potential merger.

Jul 30, 2022

ZEE Entertainment-Culver Max merger proposal gets BSE, NSE nod

ZEE Entertainment Enterprises Ltd (ZEEL) on Friday said it has got the approval from the two Indian stock exchanges for its proposed merger wi