BharatPe sacks several employees, initiates action to retrieve Ashneer Grover's restricted shares
Business

BharatPe sacks several employees, initiates action to retrieve Ashneer Grover's restricted shares

The steps have been taken by the company's board following a detailed corporate governance review against the backdrop of alleged lapses and misdoings during the tenure of Grover as managing director

Colombo Stock Exchange declares Tuesday as market holiday
World

Colombo Stock Exchange declares Tuesday as market holiday

The decision also came a day after Sri Lanka witnessed unprecedented violence and political crisis following the resignation of Prime Minister Mahinda Rajapaksa

Gold price today: 10 grams of 24-carat sold at Rs 51,810; silver at Rs 62,500 per kilo
Business

Gold price today: 10 grams of 24-carat sold at Rs 51,810; silver at Rs 62,500 per kilo

In Mumbai, New Delhi, and Kolkata, 10 grams of 22-carat gold is being traded at Rs 47,500, as per the Good Returns website

Bitcoin plunges below $30,000, lowest since July 2021
World

Bitcoin plunges below $30,000, lowest since July 2021

The world's largest digital token fell as much as 3.1 per cent to $29,992 in Asian trading. Ether fell as much as 3.7 per cent, while Solana dropped 8.2 per cent and Avalanche dipped 10.4 per cent

Petrol, diesel prices today: Fuel rates remain unchanged for over a month on 10 May
Business

Petrol, diesel prices today: Fuel rates remain unchanged for over a month on 10 May

Petrol and diesel prices on 10 May 2022: Petrol price in Delhi stands at Rs 105.41 per litre while diesel is available for Rs 96.67. In Mumbai, petrol is retailing at Rs 120.51 while diesel costs Rs 104.77

LIC IPO subscribed nearly three times; government raises Rs 21,000 crore
Business

LIC IPO subscribed nearly three times; government raises Rs 21,000 crore

Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm

Rupee slumps to all-time low of 77.44 on forex outflows, rising US yields
Business

Rupee slumps to all-time low of 77.44 on forex outflows, rising US yields

Forex traders said risk appetite has weakened amid rising bond yields in the US and mounting concerns about inflation that may trigger more aggressive rate hikes by global central banks

Domestic air passenger traffic logs estimated 83 per cent growth in April, says ICRA
Business

Domestic air passenger traffic logs estimated 83 per cent growth in April, says ICRA

Indian carriers had flown around 11 million passengers in April 2019

Market Roundup: Sensex declines 364 points, Nifty falls below 16,400; check top gainers and losers
Business

Market Roundup: Sensex declines 364 points, Nifty falls below 16,400; check top gainers and losers

Concerns have risen among investors as COVID-19 cases continue to surge in China

India allows additional 2,051 MT raw sugar exports to US under tariff-rate quota
Business

India allows additional 2,051 MT raw sugar exports to US under tariff-rate quota

India is the world's second-biggest producer and the largest consumer of sugar

PVR reports Q4 net loss of Rs 105.49 crore, revenue at Rs 537.14 crore
Business

PVR reports Q4 net loss of Rs 105.49 crore, revenue at Rs 537.14 crore

The company had posted a net loss of Rs 289.21 crore in the January-March quarter a year ago, PVR said in a BSE filing.

Steel prices may fall to Rs 60,000/tonne by March
Business

Steel prices may fall to Rs 60,000/tonne by March

Price corrections are due to the onset of monsoon next month which will pull down demand as constructions will be on hold along with the likely lower premium realisation that domestic mills may get from exports

Insolvency proceedings initiated against Birla Tyres at NCLT Kolkata
Business

Insolvency proceedings initiated against Birla Tyres at NCLT Kolkata

SRF Limited has filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), for initiating the Corporate Insolvency Resolution Process (CIRP) against Birla Tyres

7-year report card of three flagships from Modi government
Business

7-year report card of three flagships from Modi government

Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Atal Pension Yojana (APY) complete seven years of providing social security net to the beneficiaries on Monday 9 May, 2022

Gold price today: 10 grams of 24-carat stands at Rs 51,710; silver at Rs 62,500 per kilo
Business

Gold price today: 10 grams of 24-carat stands at Rs 51,710; silver at Rs 62,500 per kilo

According to the MCX, gold futures fell by 0.03 per cent to Rs 51,326.00 and silver futures also witnessed no change and settled at Rs 62,550.00

Tata steel to grow organically, new acquisitions unlikely this decade: MD
Business

Tata steel to grow organically, new acquisitions unlikely this decade: MD

TV Narendran said that the Jamshedpur-based behemoth will fuel its growth ambitions to more than double its output

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

Rate hike wasn't surprising, timing was, says Finance Minister Nirmala Sitharaman
Business

Rate hike wasn't surprising, timing was, says Finance Minister Nirmala Sitharaman

The timing of RBI's rate hike came as a surprise but not the action itself as people thought it should have been done anyway

Nirmala Sitharaman flags anonymity as 'inherent risk' in use of blockchain
Business

Nirmala Sitharaman flags anonymity as 'inherent risk' in use of blockchain

The finance minister's remarks come ahead of the launch of the budgetary announcement of CBDC which is based on the blockchain technology and billed as being similar to paper currency

India's forex reserves see eighth weekly fall, slide below $600 billion
Business

India's forex reserves see eighth weekly fall, slide below $600 billion

The last time India's forex reserves were below the $600-billion-mark was during the week ended 28 May, 2021