business News

At $83.57 billion, India reports 'highest-ever' FDI inflow in 2021-22
business

At $83.57 billion, India reports 'highest-ever' FDI inflow in 2021-22

Among sectors, computer software and hardware attracted maximum inflows followed by the services sector and automobile industry, the commerce and industry ministry said

World shares sink after inflation driven retreat on Wall Steet
business

World shares sink after inflation driven retreat on Wall Steet

The sentiment in the market is highly negative as traders and investors are largely concerned about an economic downturn and soaring inflation, said an expert

Nilofer Khan appointed as first woman Vice Chancellor of Kashmir University
Education

Nilofer Khan appointed as first woman Vice Chancellor of Kashmir University

Khan, who had the distinction of being the first woman to be appointed as Dean of Student Welfare at the university a few years ago, has been appointed as vice chancellor for a three-year term

Foreign investors withdraw Rs 6,400 cr from Indian equity markets in May so far, according to data
business

Foreign investors withdraw Rs 6,400 cr from Indian equity markets in May so far, according to data

Apart from India, other emerging markets, including Taiwan, South Korea and the Philippines witnessed outflows in the month of April to date

Market Roundup: Sensex zooms over 1,500 points, Nifty soars to 16,200 levels; check top winners and losers
business

Market Roundup: Sensex zooms over 1,500 points, Nifty soars to 16,200 levels; check top winners and losers

Dr Reddy’s topped the gainers’ chart with a jump of 8.10 per cent, followed by index heavyweight Reliance Industries which rose 5.77 per cent

Weak currency, strong economy: How India is on the path to becoming ‘aatmanirbhar’
opinion

Weak currency, strong economy: How India is on the path to becoming ‘aatmanirbhar’

India is moving in the right direction to becoming self-reliant not only in the case of services, agriculture, and manufacturing, but also in energy and currency and in the mode of exchange

Gold price today: 10 grams of 24-carat priced at Rs 50,520; silver at Rs 61,700 per kilogram
business

Gold price today: 10 grams of 24-carat priced at Rs 50,520; silver at Rs 61,700 per kilogram

The price of the much-in-demand metal changes daily due to factors like excise duty, state taxes, and making charges. Find out the gold rate in your city this Friday

Twitter deal with Elon Musk 'not on hold', moving forward as planned: Top executives inform employees
business

Twitter deal with Elon Musk 'not on hold', moving forward as planned: Top executives inform employees

Twitter Inc's top lawyer Vijaya Gadde, while interacting with employees during an all-hands meeting, said the company won't renegotiate the agreed-upon price of $54.20 per share

Sushil Modi says Supreme Court verdict on Centre, states not bound to recommendations of GST council isn't new
business

Sushil Modi says Supreme Court verdict on Centre, states not bound to recommendations of GST council isn't new

Sushil Modi said the Centre and states have simultaneous powers to legislate on GST and the Constitution does not envisage a repugnancy provision. GST council must work in a harmonious manner to achieve a workable solution

Tesla on my mind 24/7, spending less than 5% of time on Twitter acquisition, says Elon Musk
business

Tesla on my mind 24/7, spending less than 5% of time on Twitter acquisition, says Elon Musk

Elon Musk's latest tweets came in response to wary investors, who are worried that he may be distracted by the Twitter deal

Market Roundup: Sensex plummets over 1,400 points, Nifty slides to 15,809; all sectors end in red
business

Market Roundup: Sensex plummets over 1,400 points, Nifty slides to 15,809; all sectors end in red

Wipro emerged as the biggest laggard in the Sensex pack with a fall of 6.21 per cent, followed by HCL Tech, Infosys, TCS, Tech Mahindra, Tata Steel, IndusInd Bank and Kotak Mahindra Bank

'Reinforces ethics of our judiciary': Rata Tata reacts as SC dismisses Cyrus Mistry's review petition
business

'Reinforces ethics of our judiciary': Rata Tata reacts as SC dismisses Cyrus Mistry's review petition

The apex court on Thursday dismissed a plea of the SP group seeking a review of the 2021 verdict which had upheld the Tata group's decision to remove Cyrus Mistry as the executive chairman of the Tata Sons

Supreme Court says Centre, states not bound to recommendations of GST council
business

Supreme Court says Centre, states not bound to recommendations of GST council

An apex court bench led by Justice DY Chandrachud held that the Parliament intended that the 'recommendations of the GST Council will have persuasive value as India is cooperative federalism'

LPG price hike: Cylinders to cost more than Rs 1,000 after latest increase in price
india

LPG price hike: Cylinders to cost more than Rs 1,000 after latest increase in price

The price of domestic cooking gas was hiked by Rs 3.50 per cylinder, the second increase in rates this month

Gold price today: 10 grams of 24-carat trades at Rs 50,290; silver at Rs 61,000 per kilo
business

Gold price today: 10 grams of 24-carat trades at Rs 50,290; silver at Rs 61,000 per kilo

According to MCX, gold futures fell 0.08 per cent to Rs 50,180.00 and silver futures declined 0.19 per cent to reach Rs 60,661.00

Elon Musk calls S&P 500 ESG Index 'a scam' after Tesla gets kicked off list
business

Elon Musk calls S&P 500 ESG Index 'a scam' after Tesla gets kicked off list

In a series of tweets, Tesla CEO Elon Musk expressed his displeasure and said political attacks on him would escalate in coming months

IndiGo names Pieter Elbers as CEO, Ronojoy Dutta to retire on 30 September
business

IndiGo names Pieter Elbers as CEO, Ronojoy Dutta to retire on 30 September

71-year-old Dutta, who came to help the airline in January 2019, has decided to retire on September 30, after guiding the airline through the turbulent COVID period, IndiGo said in a statement

Market Roundup: Sensex falls 109 points, Nifty ends at 16,240; check top winners and losers
business

Market Roundup: Sensex falls 109 points, Nifty ends at 16,240; check top winners and losers

Both BSE Sensex and NSE Nifty encountered minor losses. With the exception of fast moving consumer goods (FMCG), pharma and healthcare index, all sectors ended in red

Rupee falls 16 paise to record low of 77.60 against USD
business

Rupee falls 16 paise to record low of 77.60 against USD

At interbank foreign exchange market, rupee opened lower at 77.57 and later hit the day's low of 77.61 as the dollar rebounded in global markets following hawkish comments from US Federal Reserve chief Jerome Powell

Cabinet empowers Board of Directors of the holding, parent PSEs to allow disinvestment
business

Cabinet empowers Board of Directors of the holding, parent PSEs to allow disinvestment

The aim is to expedite the decision-making process and cut wasteful expenditure by the PSEs