At 7.79% retail inflation soars to eight-year high in April
Business

At 7.79% retail inflation soars to eight-year high in April

Inflation has remained above the RBI's comfort zone of 6 per cent for four months in a row mainly due to the Russia-Ukraine war which has impacted the prices of commodities across the globe

Market Roundup: Sensex falls by 2.14%, Nifty ends at 15,808; check top gainers and laggards here
Business

Market Roundup: Sensex falls by 2.14%, Nifty ends at 15,808; check top gainers and laggards here

Barring Wipro, all Sensex constituents finished in the red. IndusInd Bank lost 5.82 per cent, followed by Tata Steel, Bajaj Finance, Bajaj Finserv, Axis Bank, HDFC Bank, HDFC, Titan and L&T

Tata Sons appoints Campbell Wilson as Air India CEO and MD
Business

Tata Sons appoints Campbell Wilson as Air India CEO and MD

Wilson, 50, is the CEO of Scoot, the wholly-owned low-cost subsidiary of Singapore Airlines. He has 26 years of aviation industry expertise across both full service and low-cost airlines

LIC IPO share allotment: SC refuses to grant interim relief on pleas seeking stay
Business

LIC IPO share allotment: SC refuses to grant interim relief on pleas seeking stay

A bench of Justices D.Y. Chandrachud, Surya Kant and P.S. Narasimha said that the court should be reluctant to grant any interim relief in matters of commercial investments and IPO

LIC IPO share allotment expected today, check steps to see status online here
Business

LIC IPO share allotment expected today, check steps to see status online here

The IPO was open from 4 May to 9 May for the subscription. While the allotments are expected to be done today, shares will likely be credited to Demat accounts on 16 May

Gold price today: 10 grams of 24-carat sold at Rs 51,000; silver at Rs 60,400 per kilo
Business

Gold price today: 10 grams of 24-carat sold at Rs 51,000; silver at Rs 60,400 per kilo

In New Delhi, Kolkata, and Mumbai, 10 grams of 22-carat gold are being bought and sold at Rs 46,750, as per the Good Returns website

Petrol, diesel prices today: Fuel rates remain constant on 12 May; petrol costs Rs 120.51 per litre in Mumbai
Business

Petrol, diesel prices today: Fuel rates remain constant on 12 May; petrol costs Rs 120.51 per litre in Mumbai

Petrol and diesel prices on 12 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

Market Roundup: Sensex declines 276 points, Nifty falls below 16,200; check top winners and losers
Business

Market Roundup: Sensex declines 276 points, Nifty falls below 16,200; check top winners and losers

In terms of sectors, IT was the biggest loser, while realty was the top gainer. Indices were volatile ahead of the release of Consumer Price Index (CPI) and Index of Industrial Production (IIP) data later this week

Delhivery IPO opens today; Check how much times it has been subscribed till now
Business

Delhivery IPO opens today; Check how much times it has been subscribed till now

The portion of the issue reserved for Non- Institutional Investors (NII) has been bid on 0.01 times, while the shares reserved for employees of the company have been booked 0.04 times

Ola, Uber get warning from Centre; issues of deficiency in services, customer support raised for all ride-hailing platforms
Business

Ola, Uber get warning from Centre; issues of deficiency in services, customer support raised for all ride-hailing platforms

All online ride-hailing platforms were advised to respond to commuters with utmost priority and take remedial steps to ensure adequate protection of consumer rights

Gold price today: 10 grams of 24-carat sold at Rs 51,380; silver at Rs 61,900 per kilo
Business

Gold price today: 10 grams of 24-carat sold at Rs 51,380; silver at Rs 61,900 per kilo

According to the Good Returns website, in Mumbai, New Delhi, and Kolkata, 10 grams of 22-carat gold are being traded at Rs 47,100

Ahead of the rains, Mumbai Airport completes runway maintenance work
Business

Ahead of the rains, Mumbai Airport completes runway maintenance work

Adani Group-owned Chhatrapati Shivaji Maharaj International Airport had temporarily shut the runway between 11 am and 5 pm on Tuesday to facilitate the maintenance and repair work

Petrol, diesel prices today: Fuel rates remain unchanged on 11 May; petrol costs Rs 105.41 per litre in Delhi
Business

Petrol, diesel prices today: Fuel rates remain unchanged on 11 May; petrol costs Rs 105.41 per litre in Delhi

Petrol and diesel prices on 11 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

India's coal output up by 29% in April
Business

India's coal output up by 29% in April

The country's coal output in April 2021 stood at 51.62 MT, as per provisional statistics of the Ministry of Coal

Market Roundup: Sensex falls 105 points, Nifty settles at 16,240; check top gainers and losers
Business

Market Roundup: Sensex falls 105 points, Nifty settles at 16,240; check top gainers and losers

On the sectoral front, metal, power, oil & gas, healthcare, IT and realty sector indices shed between 1 and 5 percent, while banking went gone up by 0.60 percent. Both BSE Midcap and Smallcap indices settled around 2 percent lower

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