Business News


Sensex may touch 80,000 by Dec 2023: Morgan Stanley

India’s equity market continues to hit new highs despite various global concerns, including a civil unrest in China that led to noticeable decline in key Asian markets.

published : 12 hours ago

Amazon to shut wholesale distribution unit in India

E-commerce giant Amazon is shutting down its wholesale e-commerce website for neighbourhood stores - Amazon Distribution. 

published : 12 hours ago

S&P cuts India’s GDP growth to 7 percent for FY23; SBI sees Q2 growth at 5.8 percent 

S&P Global Ratings has further slashed India’s economic growth projection to 7% for FY23 due to global slowdown, geopolitical tension between Russia and Ukraine and inflationary pressure. 

published : 12 hours ago

Economists advise govt to revert to FRBM targets

Economists also recommended the government continue its capital expenditure strategy. In the 2022 budget, Sitharaman announced a 35% jump in capital expenditure to Rs 7.5 lakh crore.

published : 12 hours ago

Crypto exchange platform WazirX blocked over 700 accounts in April-Sept 2022

The report also highlights common trends observed in crypto scams that users should be aware of.

published : 12 hours ago

Bank credit up by 17.2 per cent in Q2; deposits grow 9.8 per cent

RBI says credit growth remained broad-based as all population groups, bank groups recorded double-digit growth

published : 12 hours ago

TRAI to form joint panel to curb pesky calls, messages menace

“Currently complaints are reported against unregistered telemarketers (UTMs) where a surge has been seen in various kinds of Unsolicited Commercial Communications (UCC) SMSes.

published : 12 hours ago

Car makers to invest Rs 65K cr for capacity building, product development by FY25

Besides capex, auto component manufacturers are also expected to scale up their investments to support their customers.” He added,

published : 13 hours ago

ONGC pays Rs 5K cr dividend to govt; CPSEs pay Rs 23,797 cr

With this, the total dividend received by the government from Central Public Sector Enterprises (CPSEs) in current fiscal stands at Rs 23,797 crore.

published : 13 hours ago

Instant messaging platform WhatsApp denies ‘data leak’ 

A report claimed that someone is allegedly selling mobile phone numbers of nearly 500 million WhatsApp users. It contained WhatsApp user data from 84 countries.

published : 13 hours ago

India requires 170 billion dollars per year to fulfill sustainable development goals: AVPN CEO 

India has progressed towards meeting sustainable development goals but there is considerable ground to be covered, particularly across domains like health and education.

published : 28 Nov 2022

Govt allows Enforcement Directorate to share info with 15 more agencies

Earlier, the ED was permitted to share data with only 10 agencies, including CBI, RBI, Sebi, IRDAI, Intelligence Bureau, and Financial Intelligence Unit (FIU), among others.

published : 28 Nov 2022

Govt gets Rs 5,001 crore dividend from ONGC: DIPAM secretary

The total dividend receipt from all CPSEs (Central Public Sector Enterprises) so far this fiscal reached Rs 23,797 crore.

published : 28 Nov 2022

Govt's paddy procurement up 9 per cent at 306 lakh tonnes so far this year 

According to the official data, the total paddy purchase has increased to 306.06 lakh tonnes till November 27 of the 2022-23 Kharif marketing season from 280.51 lakh tonnes in the year-ago period.

published : 28 Nov 2022

World shares fall as China protests, lockdowns cloud outlook

Rising numbers of COVID cases could further disrupt manufacturing and transport, adding to headaches over supply chains and inflation.

published : 28 Nov 2022