Business

पीएम मोदी ने टेक्नोलॉजी विशेषज्ञ नंदन नीलेकणी की अध्यक्षता में एक टास्क फोर्स का गठन करने का फैसला लिया गया है। NEW DELHI: Infosys co-founder and chairman Nandan Nilekani on Thursday said that India may emerge as a principal beneficiary of productivity gains and inclusion from AI in the next decade, despite low visibility in…

The company’s non-digital business reported a 7.4% increase in EBITDA and an 85% rise in profit after tax during the quarter NEW DELHI: Entertainment Network (India) (ENIL), which operates Radio Mirchi and audio streaming platform Gaana, reported consolidated revenue of Rs 113 crore during June quarter. Domestic revenue was estimated at Rs 111 crore, while…

Rupee slips to 95.28 against US dollar as oil, Treasury yields remain elevated Rupee began Friday in red, falling 6 paise to 95.28 against the US dollar in early trade as a firmer greenback and higher US Treasury yields put pressure on the currency.The currency began the session at 95.27 at the interbank foreign exchange…

Union finance minister Nirmala Sitharaman speaking during the Monsoon session of Parliament Finance minister Nirmala Sitharaman on Thursday pushed back Congress leader Jairam Ramesh’s claims that ordinary people could end up paying more for using the Unified Payments Interface (UPI), clarifying that any Merchant Discount Rate (MDR) on digital transactions would be levied on merchants…

Stock market today: BSE Sensex tumbles over 300 points, Nifty50 opens below 24,600 Benchmark indices began the session in red, extending cautious sentiment amid mixed global cues and renewed concerns over rising crude oil prices. In early trade, BSE Sensex declined 318.74 points, or 0.40%, to 78,636.02, while NSE Nifty 50 fell 37.20 points, or…

The transaction was timed in a way that it took advantage of the current market situation NEW DELHI: A government department that has an operations room named Kurukshetra is clearly in battle mode. But, the merchant bankers for the LIC stake sale seemed to have missed the signal.While the offer-for-sale had been discussed for more…

Gold prices extended their gains for a fourth consecutive session on Thursday, touching a seven-week high as weaker oil prices, a softer US dollar and lower US Treasury yields lifted demand for the safe-haven metal amid growing optimism over the reopening of the Strait of Hormuz. The rally followed modest gains on Wednesday, when a…

The new norms will impact all non-bank lenders, including housing finance companies and microfinance providers MUMBAI: RBI’s move to harmonise interest rate frameworks across regulated entities is likely to standardise loan pricing and improve monetary transmission while reducing the pricing discretion currently available to NBFCs.The move would mark a departure from the existing structure where…

The classification has gained attention after Tata Sons sought to de-register as an NBFC to avoid mandatory listing requirements MUMBAI: RBI governor Sanjay Malhotra indicated that Tata Sons continues to be on the list of upper layer NBFCs, even as the central bank is yet to release its updated classification based on revised principle-based criteria….

RBI noted that core inflation excluding precious metals stood at 2.3% to 2.5%, while headline inflation pressures were driven largely by supply-side factors MUMBAI: RBI raised its growth projections and lowered inflation estimates while the monetary policy committee voted unanimously to keep the repo rate unchanged at 5.25% and retain a neutral stance, signalling no…