Business news

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

Shaktikanta Das, Governor, Reserve Bank of India

RBI raises repo rate by 50 bps; Highlights

The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to remain above the upper tolerance level for three quarters of this financial year.

Jun 8, 2022

RBI's monetary policy meet: Some expectations from the ongoing meet

Though the RBI's raising policy rates in the ongoing monetary policy committee meeting is a "no-brainer", as its Governor Shaktikanta Das said in a recent interview, investors, however, await the actual degree of percentage hike before taking fresh positions and future course of action in the financial markets.

Jun 7, 2022

Stock Markets: Sensex, Nifty continue in losses, shed over 1% each

At 10.02 a.m., Sensex was 1.1 per cent down at 55,037 points, whereas nifty down 1.1 per cent at 16,388 points.

Jun 7, 2022

Stock Markets: Sensex, Nifty decline in opening deals ahead of RBI policy meeting today

Indices decline in opening deals, ahead of Reserve Bank of India's meeting where the central bank is likely to raise policy rates after a review

Jun 6, 2022

IPL teams commanding higher valuations than global football counterparts

Revenue CAGRs of Manchester United (MANU), Juventus and Borussia Dortmund have been at 1.1 per cent, 4.7 per cent and 4.0 per cent, in the past seven years, with a TTM price-to-sales of 2.4x, 1.7x and 1.1x, respectively. Conversely, IPL teams' revenue CAGR has been more than 10 per cent in the past seven years, commanding a much higher valuation than football counterparts, mainly due to higher revenue growth and stellar viewership.

Jun 4, 2022

Myanmar bank blacklists 137 companies for violating regulation

The Central Bank of Myanmar (CBM) has added 137 more companies to a blacklist for failing to deposit export earnings into accounts in domestic banks within the prescribed periods.

Jun 4, 2022

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Business news

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]

RBI raises repo rate by 50 bps; Highlights

RBI's monetary policy meet: Some expectations from the ongoing meet

Stock Markets: Sensex, Nifty continue in losses, shed over 1% each

Stock Markets: Sensex, Nifty decline in opening deals ahead of RBI policy meeting today

IPL teams commanding higher valuations than global football counterparts

Myanmar bank blacklists 137 companies for violating regulation

"All is well": Salman Khan hugs Vicky Kaushal; latter reacts to Bhaijaan's bodyguards pushing him [watch]

Opposition's boycott campaign fails to get response from J&K [details]

Ahead of opening tomorrow, security beefed up near new Parliament House