Business news

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

India adds 14 unicorns in 2022 first half; builds 70K startups in 8 years [details]

According to Union Science and Technology Minister Dr Jitendra Singh, India has risen from 300 to 70,000 startups in the last 8 years, which is a massive 20,000 per cent increase.

Jun 3, 2022

Global regulator for banks red-flags crypto-assets such as Bitcoin

New York halts Bitcoin mining for 2 years, 'grim day' for Blockchain

In bad news for Bitcoin and Blockchain lovers, the New York State on Friday passed a bill to halt new permits for certain fossil fuel power plants to be used in Bitcoin mining.

Jun 3, 2022

Reliance Brands to buy 40% in toymaker Plastic Legno SPA, signs joint venture

Reliance Brands and Plastic Legno SPA have signed a joint venture arrangement through which the former will acquire a 40 per cent stake in the latter's toy manufacturing business in India.

Jun 2, 2022

Google disables bombardment of RCS ads in India after brands went on hype

After several companies and brands abused Google Messages' RCS (Rich Communication Services) feature in India to bombard users with multiple ads without their consent, the tech company has decided to turn off RCS ads functionality in the country.

Jun 2, 2022

Public issue application to be processed only after monies are blocked in investor's bank account

The ASBA applications in public Issues shall be processed only after the application monies are blocked in the investor's bank accounts, markets regulator announced on Monday.

May 31, 2022

Stock Markets: Sensex, Nifty decline in opening session, Q4 GDP numbers in focus

Indian equity benchmark indices were lower in opening deals on Tuesday ahead of the release of India's gross domestic product (GDP) numbers for the fourth quarter of fiscal FY22.

May 31, 2022

Tata Motors' electric car 'Avinya' promises 500 kms in 30-min recharge

Tata Motors' subsidiary to acquire Ford India's Sanand plant in Gaujarat, signs MoU

Tata Passenger Electric Mobility based in Sanand signed an agreement with Ford India and the Gujarat government for takeover of Ford's passenger vehicle manufacturing facility, which is located adjacent to its unit.

May 30, 2022

Stock Markets: Equity indices extend gains from previous week, Sensex up over 800 pts

Domestic equity indices extended their gains from the previous week and jumped sharply during the opening session on Monday.