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NDTV Business News

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RBI Weighing The 'Pros And Cons' Of Introducing A Digital Currency

2022-05-27 14:19:19 UTC

RBI said it is looking at pros and cons of introduction of a digital rupee in the country and it will adopt a graded approach.

LIC's Market Valuation Falls Over Rs 80,000 Crore From Issue

2022-05-27 10:45:25 UTC

The valuation of state-owned insurance giant Life Insurance Corporation (LIC) has fallen over Rs 80,000 crore from its issue

Global Economy To Suffer Significant Loss, But India Better Placed: RBI

2022-05-27 07:17:53 UTC

The global recovery is expected to suffer a significant loss of momentum in 2022, the Reserve Bank of India's annual report showed.

Sensex Surges Over 450 Points On Positive Global Cues; Nifty Trades Above 16,300

2022-05-27 03:56:38 UTC

Indian equity benchmarks on Friday traded higher in opening deals amid positive global cues.

On Rice Stock, Centre To Take 'Informed' And 'Measured' View: Sources

2022-05-26 14:56:35 UTC

The centre is monitoring India's rice stock availability and will take an 'informed' and 'measured' look, government sources told NDTV.

Sensex Snaps 3-Day Losing Run, Jumps 503 Points; Nifty Ends Above 16,150

2022-05-26 11:10:50 UTC

Indian equity benchmarks rose on Thursday, halting a three-day plunge in a volatile trading session.

Infosys CEO Salil Parekh Paid Rs 71 Crore Salary In Fiscal 2022, A 43% Jump

2022-05-26 07:28:22 UTC

Infosys Chief Executive Officer,Salil Parekh's annual compensation is Rs 71 crore for fiscal 2022, according to a stock exchange filing.

Sensex Rises Over 300 Points On Positive Global Cues, Nifty Trades Above 16,100

2022-05-26 04:05:27 UTC

Indian equity benchmarks on Thursday traded higher in opening deals amid positive cues from the global markets.

No Decision Yet On Jet Fuel Tax Cut, Say Government Sources

2022-05-25 17:32:53 UTC

Finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel or aviation turbine fuel to bring down prices

High Inflation May Defer GST Rate Change: Report

2022-05-25 14:00:48 UTC

The goods and services tax (GST) rate rationalisation is likely to be delayed due to elevated inflation

Sensex, Nifty Extend Losses For Third Day As IT Stocks Drop

2022-05-25 10:34:51 UTC

Indian equity benchmarks on Wednesday extended their fall for the third straight session as a sharp sell-off in information technology stocks countered gains in financials.

Fan Engagement Startup STAN Raises $ 2.5 Million

2022-05-25 07:13:42 UTC

Bengaluru-headquartered blockchain-based esports fan engagement startup STAN has raised an equity funding of $2.5 million in its seed round

Sensex Rises Over 250 Points In Early Trade, Nifty Above 16,200

2022-05-25 03:56:30 UTC

Indian equity benchmarks on Wednesday traded higher in opening deals led by gains in banking and pharma stocks.

Bank of India March Quarter Profit Soars 142% To Rs 606 Crore

2022-05-24 15:41:22 UTC

Bank of India on Tuesday reported a 142.31 per cent rise in standalone profit after tax at Rs 606 crore in the quarter ended March 2022

Coal Production Rose To 34 Million Tonnes Till May 15

2022-05-24 11:48:18 UTC

Domestic coal production went up to 33.94 million tonnes in the first half of May, a growth of 36.23 per centover last year

LIC's Board To Consider Dividend Payment, Financial Results On May 30

2022-05-24 08:04:21 UTC

Life Insurance Corporation of India (LIC) will consider payment of dividend during its board meeting, which is scheduled to be held on May 30

Sensex Rises Over 100 Points, Nifty Trades Above 16,200

2022-05-24 04:21:59 UTC

Indian equity benchmarks on Tuesday traded higher in opening deals led by a recovery in metal stocks.

ONGC Becomes First Entity To Trade On Indian Gas Exchange

2022-05-23 18:09:47 UTC

ONGC on Monday said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange

Finance Minister Discusses Fraud GST Refunds With Chartered Accountants Delegation

2022-05-23 14:31:54 UTC

Investigations by the CGST Gurugram are going on into the matter of fraudulent GST refunds

GDP Growth In March Quarter Of 2021-22 May Have Slowed: ICRA

2022-05-23 10:56:58 UTC

Hiccups in recovery of contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth

Oil At $110 Per Barrel Pose "Bigger Threats" Than Inflation: Minister

2022-05-23 07:28:08 UTC

Indian oil minister Hardeep Singh Puri said oil prices staying at $110/barrel could pose bigger threats than inflation to the global economy.

Sensex Rises Over 200 Points, Nifty Trades Above 16,300

2022-05-23 04:04:16 UTC

Indian equity benchmarks on Monday traded higher in opening deals led by gains in automobile and consumer durable stocks.

Derivative Expiry, Global Factors May Make It A Volatile Week For Markets

2022-05-22 14:51:37 UTC

Global factors and trading activity of foreign institutional investors are expected to guide domestic market sentiments this week

Ethereum Vs Cardano: Which Will Drive The Cryptocurrency Market In 2022?

2022-05-22 11:16:00 UTC

Because both networks provide similar services, Cardano and Ethereum are compared

Government To Give Additional Fertiliser Subsidy To Farmers In 2022-23

2022-05-22 07:41:58 UTC

Government's total fertiliser subsidy is likely to touch a record Rs 2.15 lakh crore in 2022-23

Petrol Dealers Urge Oil Companies To Restore Diesel Supply

2022-05-21 17:48:43 UTC

The Consortium of Indian Petroleum Dealers (CIPD) has requested the oil marketing companies to restore normal supply of diesel

Government Cuts Excise Duty On Petrol And Diesel, Gives Subsidy To Ujjwala Scheme Beneficiaries

2022-05-21 14:10:47 UTC

Finance Minister Nirmala Sitharaman on Saturday announced that government is cutting down excise duty on petrol and diesel by Rs 8 and Rs 6 a litre respectively

Meet Do Kwon, The Man Behind The Terra-LUNA Project That Collapsed This Month

2022-05-21 10:42:08 UTC

Some South Korea-based crypto investors have filed criminal complaints against Do Kwon for alleged fraud. 

Forex Reserves Fall To $593.279 Billion

2022-05-21 07:15:30 UTC

India's foreign exchange reserves declined by $2.676 billion to stand at $593.279 billion in the week ended May 13

Jet Airways Permitted Fly Again; To Resume Commercial Flights

2022-05-20 14:46:06 UTC

India's Jet Airways said on Friday the country's aviation regulator has cleared it to resume operation of commercial flights.

Earning Rs 25,000 Per Month? You Are In India's Top 10%: Report

2022-05-20 11:08:39 UTC

Highlighting a vast income distribution disparity in the country, the latest Inequality in India Report shows a bleak picture.

The Math Prodigy Whose Hack Upended A Crypto Platform Won't Return Funds

2022-05-20 07:35:12 UTC

On October 14, in a house near Leeds, England, Laurence Day was sitting down to a dinner of fish and chips on his couch when his phone buzzed.

Sensex Rebounds Over 800 Points, Nifty Trades Above 16,050

2022-05-20 04:04:59 UTC

Indian equity benchmarks on Friday rebounded after a sharp decline in the previous session.

ITC Shares Up 3% After Earnings; Market Valuation Jumps Rs 11,276 Crore

2022-05-19 14:31:36 UTC

Shares of ITC jumped over 3 per cent on Thursday after the company reported an 11.60 per cent rise in consolidated net profit for the fourth quarter ended March.

Rupee Ends At All-Time Low, 5th Record Weak Close In 10 Days

2022-05-19 10:51:53 UTC

The rupee closes at a new all-time low of 77.73 against the dollar, the fifth record weak close in the last 10 trading sessions.

Cyrus Mistry's Plea To Review Tata Group Order Dismissed By Supreme Court

2022-05-19 07:18:29 UTC

Supreme Court on Thursday rejected a review plea filed by Cyrus Mistry's Shapoorji Pallonji Group to review its 2021 judgment that backs the Tata Sons' decision to remove him as the Chairman.

Indian Overseas Bank Shares Rise 4% After Reporting A 58% Jump In Profit

2022-05-18 15:10:29 UTC

Indian Overseas Bank's shares gained over 4 per cent after it reported a near 58 per cent bounce in its net profit in the March quarter.

IndiGo Appoints Pieter Elbers As CEO, Ronojoy Dutta To Retire

2022-05-18 11:29:00 UTC

InterGlobe Aviation, the parent company of low-cost carrier IndiGo, on Wednesday appointed Pieter Elbers as its new Chief Executivie Officer (CEO).

Sony Readies To Play A Lead Role In The Metaverse Revolution

2022-05-18 07:49:35 UTC

Sony said it is well-positioned to play a leading role in metaverse, which experts speculate will disrupt industries and establish new powerhouses.

Sensex Rises Over 250 Points, Nifty Above 16,300; IT, Pharma Stocks Surge

2022-05-18 04:17:36 UTC

Indian equity benchmarks on Wednesday rose in opening deals led by gains in information technology and pharma stocks.

RBI Sold $20.1 Billion In March To Defend Rupee

2022-05-17 17:42:11 UTC

In March, the rupee hit its first record low for the year, breaking below 76.9050 per dollar which was last touched on April 22, 2020 amid the COVID-19 pandemic.

Indian Oil Corporation Net Drops 31.4% In Q4; Record Profit In 2021-22

2022-05-17 14:06:52 UTC

Indian Oil Corporation (IOC) on Tuesday reported a 31.4 per cent drop in the fourth quarter net profit on a margin squeeze in petrochemicals and losses on auto fuel sales.

Bharti Airtel's Revenue Jumps Over 22% In Q4

2022-05-17 10:41:23 UTC

Indian telecom operator Bharti Airtel Ltd on Tuesday reported a 22.3% jump in fourth-quarter revenue, boosted by a recent tariff hike.

Wholesale Inflation Spikes To 15.08% In April, Double-Digit Rise For 13th Month

2022-05-17 07:15:55 UTC

The wholesale price-based inflation accelerated to 15.08 per cent in April from a year ago period, government data showed on Tuesday.

Raymond Reports Over Four Fold Jump In Net Profit, Income up 43%

2022-05-17 03:55:56 UTC

Raymond Ltd reported over four-fold jump in its consolidated net profit to Rs 264.97 crore for the fourth quarter ended in March 2022.

After $10.5 Billion Deal, Gautam Adani's Open Offer, Priced $6.5 Billion

2022-05-16 15:08:09 UTC

A day after announcing $10.5 billion deal, Adani has made an offer to acquire a 26 per cent stake in Ambuja Cements and ACC Ltd from shareholders.

How To Invest In The Market Today

2022-05-16 11:20:44 UTC

How should you go about finding stocks to buy now? Read on to find out...

Bitcoin Has No Future As Payments Network, says FTX's Billionaire Chief: Report

2022-05-16 07:37:45 UTC

Crypto exchange FTX's founder said that bitcoin has no future as a payments network, the Financial Times reported on Monday.

Sensex Falls Over 150 Points, Nifty Trades Below 15,800

2022-05-16 04:04:47 UTC

Indian equity benchmarks on Monday traded lower in opening amid choppy trade.

FMCG Firms Opt To Cut Weight Rather Than Hike Prices As Inflation Soars

2022-05-15 14:19:50 UTC

FMCG manufacturers are opting to reduce product weight rather than price to overcome the impact of commodity price rise and unprecedented inflation.

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