Business news

London Stock Exchange in London, Britain

Global markets plunge again amid interest rate hikes, fuel recession fears

The global rout in stock markets, cryptocurrencies and other risky assets has gathered pace amid growing concern that out-of-control inflation, rising interest rates and slowing growth could combine to tip the world into recession.

Jun 17, 2022

US Fed makes rate hike of 0.75 percentage points, highest since 1994

To tame the inflation that is at its highest in 40 years, the US Federal Reserve raised the interest rate by 0.75 percentage points, the biggest since 1994

Jun 16, 2022

Inflation rate: Wholesale inflation hits record high in May at 15.88%

India's wholesale inflation gauged by the Wholesale Price Index, with base year as 2011-12, rose to a record high of 15.88 per cent in May 2022 from 15.08 per cent in April, official data revealed on Tuesday.

Jun 14, 2022

Crypto lender Celsius blocks withdrawals as digital coins crash

Crypto lending platform Celsius announced on Monday that it is pausing all withdrawals citing "extreme market conditions", media reports said.

Jun 14, 2022

Crypto Crash: BlockFi, Crypto.com lay off hundreds as digital coins crash

Crypto trading and lending exchanges BlockFi and crypto.com have laid off hundreds of employees after the global crypto market was battered owing to a "dramatic shift" in macro-economic conditions.

Jun 14, 2022

Stock Markets: Sensex, Nifty open negative but enter green zone after opening hour

Sensex was slightly up at 52,940.36 or 93.66 (0.18%) in the opening hour and Nifty too gained marginally to 15,805.10 or 30.70 (0.19%) points up.

Jun 14, 2022

Bitcoin, Ethereum crash to record 18-month low amid crypto winter

The crypto winter hammered cryptocurrencies on Monday as the price of a single Bitcoin fell sharply to around $25,600, an 18-month low.

Jun 13, 2022

Stock Markets: Sensex, Nifty tumble in opening session on high inflation cues from US

By 11:25 a.m., Sensex was hovering around 52,938.42 or 1,365.02 (2.51%) points down, while Nifty was 15,816.20 or 385.60 (2.38%) points down.

Jun 13, 2022

Global PC shipments to fall 8.2% in 2022 due to these economic factors

The global macro-economic factors are set to hamper global shipments of traditional PCs this year, leading to a 8.2 per cent fall (on-year) to 321.2 million PC units.

Jun 13, 2022

Flipkart partners with Spices Board to give farmers national market access [see how]

Flipkart, Spices Board join hands; give national market access to spice farmers [see how]

Flipkart has signed a Terms of Understanding with Spices Board, an establishment of Ministry of Commerce and Industry, to enhance market access to farmers and grassroots organisations in the spices sector.

Jun 11, 2022

IPL media rights: Amazon planning to pull out of IPL streaming rights bid, says Reports

Amid fierce competition to wrest the media rights of the money-spinning Indian Premier League (IPL), there are reports that one of the big players, Amazon.com Inc., is planning to pull out.

Jun 10, 2022

Home loans: HDFC raises home loan interest rate by 50 bps, effective from today

Lending major Housing Development Finance Corporation (HDFC) has increased its Retail Prime Lending Rate (RPLR) on housing loans -- on which its Adjustable Rate Home Loans (ARHL) are benchmarked -- by 50 basis points.

Jun 10, 2022

Stock Market: Sensex down by 719 points, Nifty declines by 204 points in Opening Hour

By 11:01 a.m, Sensex recorded 54,633.12 or 687.16 points down (1.24%), while Nifty too declined to 16,277.10 or 201.00 points down (1.22%).

Jun 10, 2022

EGO.COM: Cardano NFT Marketplace to Launch Beta Version

EGO.com is a fully decentralized creative realm built on the backbone of Plutus smart contracts

Jun 9, 2022

TDS on virtual digital transactions NOT slashed to 0.1%; website error rectified [details]

In what came as a major relief for crypto exchanges in India on hearing that the IT department slashed the TDS rate for virtual digital assets to just 0.1 percent, it was only a short-lived fantasy. Read more.

Jun 8, 2022

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Business news

Global markets plunge again amid interest rate hikes, fuel recession fears

US Fed makes rate hike of 0.75 percentage points, highest since 1994

Inflation rate: Wholesale inflation hits record high in May at 15.88%

Crypto lender Celsius blocks withdrawals as digital coins crash

Crypto Crash: BlockFi, Crypto.com lay off hundreds as digital coins crash

Stock Markets: Sensex, Nifty open negative but enter green zone after opening hour

Bitcoin, Ethereum crash to record 18-month low amid crypto winter

Stock Markets: Sensex, Nifty tumble in opening session on high inflation cues from US

Global PC shipments to fall 8.2% in 2022 due to these economic factors

Flipkart, Spices Board join hands; give national market access to spice farmers [see how]

IPL media rights: Amazon planning to pull out of IPL streaming rights bid, says Reports

Home loans: HDFC raises home loan interest rate by 50 bps, effective from today

Stock Market: Sensex down by 719 points, Nifty declines by 204 points in Opening Hour

EGO.COM: Cardano NFT Marketplace to Launch Beta Version

TDS on virtual digital transactions NOT slashed to 0.1%; website error rectified [details]

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]