Business News India | Get The Latest And Breaking Business News And Analysis From India And Abroad

Monday, Oct 02, 2023 | Last Update : 02:20 PM IST

Business

Government Increases Interest Rate on 5 Year Recurring Deposit Scheme

Staying on track in Q1 FY24, the economy showed significant growth due to domestic demand; the government capital expenditure and a services-led recovery shielded the nation from tighter monetary and weak global conditions.

India’s resilient GDP rises 7.8%

McDonald's India - North and East said it is constrained to "hold tomatoes for the time being" and is trying to resolve this issue by employing sustainable agriculture practices. (Photo: AFP)

McDonald's North and East Franchisee Puts Tomato Off the Menu as Price Soars

Cooking gas LPG price on Wednesday was hiked by Rs 50 per cylinder, while price of jet fuel (ATF) was cut by 4 per cent. (ANI)

Cooking gas price hiked by Rs 50 per cylinder

Apart from restructuring debt, regulating cryptocurrencies is another priority area for India, which IMF MD Kristalina Georgieva agreed with

IMF flags debt disagreements, says banning crypto should not be off table

Representatives of global aluminium majors posing for a photograph at Jharsuguda in Odisha

Aluminium majors exhibit technological capabilities at int’l aluminium conference

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during Budget Session of Parliament, in New Delhi, Friday, Feb. 10, 2023. (PTI Photo)

FM says new tax regime has been made 'very attractive'

US aviation giant, Boeing, will focus its presence at Aero India 2023 on investments in growing local services and capabilities (Image credit: Twitter)

Boeing to focus on local industry growth at Aero India 2023

Union Finance Minister Nirmala Sitharaman speaks during a post-budget press conference, in New Delhi, Wednesday, Feb. 1, 2023. (PTI Photo/Shahbaz Khan)

FM lists 7 Budget priorities: Tax slab changes; middle class focus; Rlys boost

Finance minister Nirmala Sitharaman poses for a photograph as she leaves the Finance ministry to present the annual budget in the parliament in New Delhi. (Photo by Money SHARMA / AFP)

Sitharaman takes tablet in red pouch to Parliament to present paperless Budget

Vikram Pawah, president BMW India (Photo by arrangement)

BMW bullish on expanding Indian luxury market

Maruti Suzuki’s concept electric SUV eVX launched at Auto Expo 2023. (Photo by arrangement)

Auto Expo 2023 kicks off, Maruti Suzuki unveils concept electric SUV 'eVX'

Musk to resign as Twitter CEO once he finds 'someone foolish' enough as successor

The National Company Law Appellate Tribunal on Wednesday directed Google to pay 10 per cent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI. (AP)

NCLAT directs Google to pay 10% of Rs 1,337.76 cr penalty; admits appeal for hearing

The Centre has cut the windfall profit tax on domestically produced crude oil.(Representational image: Twitter)

Centre cuts windfall tax on domestic crude oil

Columns

Kishwar Desai

Kishwar Desai | Why Suella still Tories favourite; wine boom thanks to climate change

Being anti-immigration appeals to the ultra right wing for whom Suella is a favourite.

Sanjaya Baru

Sanjaya Baru | India’s influence has always far exceeded its hard power

Along with Indian music, dance and cuisine, the legacy of the Mahatma was effectively deployed at the G20 to project India’s soft power.

Shashi Warrier

Shashi Warrier | The insufferable arrogance of writers

A Candid Conversation with a Local Corporator: Politics, Promises, and Accountability

Pavan K Varma

Pavan K. Varma | New architecture not likely to change character of Parliament

Over the years, political discourse in the world’s largest democracy, has reached a new low.

Economy

RBI hints at end to low interest regime in June

Central bank may shift its focus to taming inflation

The Economic Survey 2020-21 had projected GDP growth of 11 per cent during the current financial year. (Photo: PTI/Representational)

India on way to becoming fastest growing economy in world: FinMin report

Rapid vaccination and teeming festivities will push India's ongoing recovery, as per the report

In 2020, the government had infused Rs 12,000 crore in some companies which are holding about 40 per cent market share in the general insurance space. Representational Image. (PTI)

Insurers pruning branch networks

The government's focus has now shifted more towards consolidation and profitability than expansion, and hence, the restructuring exercise

At the interbank foreign exchange, the rupee opened at 80 against the American dollar, then lost ground to quote at 80.05, registering a fall of 7 paise from the last close. (PTI)

Rupee falls to all-time low of 80.05 against US dollar

The rupee opened on a weaker note on Tuesday morning weighed down by outflows and high oil prices

Pandey said that the government is expecting disinvestment of BPCL in the last quarter as well. (Photo- BPCL)

After Air India, govt to disinvest BPCL, float LIC IPO by last quarter of FY22

Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government

Market

The 30 stock S&P BSE Sensex opened deep in the red. (Photo: PTI/File)

Sensex tumbles 1,214 points; banking, auto stocks worst hit

The stocks have tumbled for the third straight day on negative cues from the global equities amid the ongoing Russia-Ukraine conflict

Analysts expect real estate sales to pick up pace in the festive season (Photo: AFP/File)

Realty stocks jump on short covering

The BSE Realty Index closed 8.39 per cent up

Sensex surges nearly 400 pts in early trade; Nifty tops 11,500. (PTI Photo)

Markets open in green, Sensex up 400 points; Nifty above 11,500

IndusInd Bank was the top gainer in the Sensex pack, surging around 4 per cent

The 30-share BSE gauge plummeted about 2,850 points during the session before closing at 54,529.91, registering a massive fall of 2,702.15 points or 4.72 per cent. (Photo:PTI)

Sensex tanks over 2,700 pts amid global meltdown as Russia invades Ukraine

This was its biggest decline since March 23, 2020, and the fourth-worst fall ever in absolute terms

Companies

Sabeer Ahluwalia (on the left) with Neil Shaw. (AA Image)

Eastern India gets a private jet club - Yaqoot Air Charter

The private jets will provide air strips in exotic locations that are usually not covered by regular airlines

Elon Musk reaches deal to buy Twitter for $44 bn

Musk, a self-proclaimed 'free-speech absolutist', said he wants to reform what he sees as the platform's over-zealous content moderation

Earlier this month, the ED had also questioned the global vice president of the group, Manu Kumar Jain, at the agency's regional office in Bengaluru, Karnataka. (PTI)

ED seizes Rs 5,551 cr deposits of smartphone giant Xiaomi India for FEMA violation

A probe was earlier launched against the company in connection with alleged 'illegal remittances' sent abroad by the Chinese firm

Post the merger, the promoters of Inox will become co-promoters in the merged entity. Later the board of the merged company would be re-constituted with a total board strength of 10 members, with both the promoter families having two board seats each. — DC Image

PVR, Inox Leisure ink all-stock merger deal

The boards of PVR and Inox Leisure have approved an all-stock amalgamation of Inox with PVR

Built on WhatsApp Business Platform, the partnership will expand access to Uber's mobility services in one of the company's largest international markets, it was stated. (Photo: Agencies)

Uber, WhatsApp announce partnership to launch ride-booking via WhatsApp in India

The first roll out on a pilot basis will take place in the northern city of Lucknow first, and will be expanded to other Indian cities soon

Autos

The company said on June 26 that 140 of the roughly 8,000 staff at the factory had caught the virus and two had died. (PTI Photo)

Bajaj Auto unions demand factory halt after 250 workers test COVID-19 positive

It said work there would not be stopped, however, as the company wanted to learn to “live with the virus”

The micro-SUV is the recipient of the Global NCAP 5-star rating for adult occupant protection. (Photo: Twitter/@TataMotors_Cars)

Tata Punch priced at Rs 5.49 lakh

The mini-SUV from the Tatas is India’s first sub-compact SUV

The model comes with a 4X4 drive and a water wading capacity of 700 mm. Toyota Hilux, estimated to be priced between Rs 27 to Rs 31 lakh, is a mix of adventure and luxury. — Facebook

Toyota unveils pick-up Hilux

While bookings have started for the new multi-utility vehicle with a down payment of Rs 1 lakh, the price would be announced in March

India's car sales plunge amid lockdown

Government last week sent India into a 21-day lockdown to try to curb the spread of the virus, forcing automakers to suspend manufacturing

In Other News

Any recoveries made as a result of avoidance applications should go to the creditors of Dewan Housing Finance Corp and not to the successful bidder—Piramal Group, the NCLAT ruled. — DC Image

MOST POPULAR

1

2

3