image 30    C

Business / Business Today

India voices support for diplomatic efforts towards Gaza ceasefire, urges to de-escalate situation

India has voiced support for diplomatic efforts of the UN as well as Egypt that led to a ceasefire between Israel and Palestinian militants in Gaza and urged all parties to de-escalate the situation to ensure it does not spiral out of control.

9 Aug 2022 10:08 pm
94 lakh of 123 lakh houses under PMAY scheme owned by women: Report

PMAY was launched in 2015 with a view to help ensure home for all the needy. Since then 123 such houses have been sanctioned. Of them, work on 101 lakh units has started as of FY22 and 61 lakh houses have been completed.

9 Aug 2022 10:08 pm
Free education, healthcare should be fundamental rights, not freebies: CM Kejriwal

We have to pledge to develop such a system where free excellent education, world-class healthcare and 100 per cent employment become fundamental rights of the citizens, Delhi Chief Minister Arvind Kejriwal said.

9 Aug 2022 10:00 pm
Sri Lankan President welcomes opening of free hospital by Indian charity

The first phase of a 75-bedded free super speciality hospital, Sri Sathya Sai Sanjeevani Super Speciality Hospital was inaugurated by spiritual leader Sadguru Sri Madhusudan Sai in Batticaloa, a region in the east of the island of Sri Lanka.

9 Aug 2022 9:27 pm
COVID-19 update: Nepal bars entry of infected tourists from India, sends back 4 Indians

Baitadi district is at high risk as it shares a border with neighboring India. Currently, there are 31 active cases of coronavirus in Baitadi where not even a single case had been reported until three weeks ago.

9 Aug 2022 9:26 pm
Assam to generate 2,000 MW solar power at investment of Rs 10,000 crore

This ambitious plan will be implemented riding on the back of two projects -- one by forming a joint venture with central PSU NLC India and another by taking a loan from the Asian Development Bank (ADB).

9 Aug 2022 9:26 pm
Russia curtails oil shipments to central Europe

Russian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil pipeline, which flows through Ukraine to the Czech Republic, Slovakia and Hungary.

9 Aug 2022 9:13 pm
Wall Street slips as weak earnings hit tech, travel stocks

Last week's strong July jobs report has most economists predicting the Fed will again raise short-term interest rates by as much as another three-quarters of a point at its September meeting.

9 Aug 2022 9:00 pm
Profit of public sector banks rises 9% in April-June

During the April-June period of the previous fiscal, state-owned banks recorded a total profit of Rs 14,013 crore, according to quarterly numbers published by public sector lenders.

9 Aug 2022 8:48 pm
Whatsapp blocks capturing screenshot of view once messages, add more privacy tools

According to WhatsApp privacy study, 72 per cent of respondents value being able to speak in an honest, unfiltered way but more than 47 per cent are only comfortable doing this in a safe, private space.

9 Aug 2022 8:23 pm
Life insurers' new premium income jumps 91% to Rs 39,079 cr in July: IRDAI

All the 24 life insurance companies had a collective new business or the first year premium income of Rs 20,434.72 crore in July 2021.

9 Aug 2022 7:22 pm
Serena Williams announces upcoming retirement from the sport

The 40-year-old won her last Grand Slam crown in 2017 and has been chasing an elusive 24th crown that will draw her level with Margaret Court who holds the record for most majors.

9 Aug 2022 7:09 pm
US worker productivity posts biggest ever annual drop in second quarter

US worker productivity in the second quarter fell at its steepest pace on an annual basis since 1948, the Labor Department said.

9 Aug 2022 7:06 pm
Women to be inducted in Maha Cabinet in next expansion: Fadnavis

Forty-one days after taking oath, Chief Minister Eknath Shinde earlier in the day expanded his cabinet by inducting 18 new members - nine each of the rebel Shiv Sena group and the BJP - but no woman legislator found a place in his team, inviting criticism from opposition parties and activists. With the expansion, the strength of the Shinde ministry has gone up to 20.

9 Aug 2022 6:56 pm
Tata AIA Life declares Rs 861 crore surplus payout

The company said this is the fifth consecutive year of surplus (profit sharing) payments to the policyholders and is 20 per cent more than the profit shared with policyholders in FY21, making it the largest so far.

9 Aug 2022 6:47 pm
WazirX-Binance row: Ownership spat, ED probe raise questions on structural viability of WazirX

The situation has worsened with Binance removing the off-chain crypto transfer to WazirX, which was a sought-after feature amongst the users.

9 Aug 2022 6:19 pm
IT spends in good shape; see continued strength in US, Euro markets: Infosys' Salil Parekh

The optimistic commentary from the Infosys management comes even amid talks that the global economy may be facing an increased risk of recession.

9 Aug 2022 6:18 pm
India's next growth story has to have a regional focus, says ShareChat's Ajit Varghese

In June, ShareChat raised $255 million and reached $5 billion in valuation. Moj has grown to become a popular short video app with over three times daily active users and two times daily time spent per user compared to its nearest domestic competitor, according to the company.

9 Aug 2022 6:09 pm
Airtel to launch 5G services this month, cover every town by 2024: CEO Gopal Vittal

Bharti Airtel managing director and CEO Gopal Vittal also said that the price of mobile services in India is very low and needs to go up.

9 Aug 2022 5:17 pm
Airlines to share international passengers' info with customs dept prior to departure

While the regulation did not state the reason for seeking such information, analysts said this was to prevent bank loan defaulters from fleeing the country to avoid prosecution.

9 Aug 2022 4:58 pm
Manufacturers most advanced in cloud adoption, says Wipro report

According to the report, 32 per cent of manufacturers have achieved cloud leader status.

9 Aug 2022 4:49 pm
Excise policy row: Ex-Delhi LG says charges against him 'blatant lies', slams Sisodia

The former LG said his statement he had flagged on several occasions ''unlawful decisions'' taken by the AAP government that had to be amended on files.

9 Aug 2022 4:35 pm
Govts 10-year bond yield seen touching 7.60% in near term

The 10-year benchmark bond yield ended at 7.35% on Monday, having risen by 19 basis points in the two trading sessions since the Reserve Bank of India raised its key lending rate, or repo rate, by 50 basis points to 5.40% on Friday.

9 Aug 2022 4:28 pm
OYO expands presence in Europe, acquires Denmark-based Bornholmske Feriehuse

Based out of Bornholm island in Denmark, Bornholmske Feriehuse has 737 holiday homes spread over 30 holiday parks on its platform and expects to clock more than 2.5 lakh guest nights in 2022, OYO said in a statement.

9 Aug 2022 4:20 pm
Reliance Retail added 7 stores a day in 2021-22: Key figures

Reliance Industries' retail arm stated it created over 2,500 new stores by adding 7 new stores every day in 2021-22 (FY22).

9 Aug 2022 4:15 pm
Govt will re-evaluate airfare cap depending on ATF price movement: Aviation Minister

Against the backdrop of lingering pandemic blues, the ministry has put in the fare cap system for the local airlines. Currently, the fare capping is applicable on a rolling basis for a 15-day cycle.

9 Aug 2022 4:04 pm
Bihar political crisis: Nitish Kumar resigns as CM, breaks alliance with BJP

All MPs and MLAs are also at a consensus of leaving the NDA, Kumar said after submitting his resignation.

9 Aug 2022 3:57 pm
Youth held for impersonating IAS officer Tina Dabi on WhatsApp

The youth registered a phone number on WhatsApp and put Tina Dabis display picture (DP).

9 Aug 2022 3:57 pm
Mukesh Ambani, Sundar Pichai spotted at Lords; spark rumours of investment in 'The Hundred'

The Reliance Industries Chairman and the Google CEO were pictured with former India coach Ravi Shastri at the Home of Cricket, sending rumour mills buzzing over a potential investment in Englands cricket league.

9 Aug 2022 3:35 pm
Indian visitors to Dubai more than double to 8.58 lakh in Jan-Jun 2022

In the first half of 2021, over 4.09 lakh people from India visited Dubai, the DET data showed.

9 Aug 2022 3:22 pm
Natco Pharma Q1 net profit rise multifold; revenue up 116%

The pharmaceutical segment revenue increased to Rs 883.6 crore from Rs 409.7 crore in the first quarter of last year.

9 Aug 2022 3:16 pm
Biden to sign bill to boost USchips, compete with China

The White House is touting investments that chip companies are making even though it remains unclear when the USCommerce Department will write rules for reviewing grant awards and how long it will take to underwrite projects.

9 Aug 2022 3:05 pm
Tea exports increase 7% in Jan-May 2022 to 78.64 millionkg

For the first time, UAE lifted 13.17 million kg during the current five-month period, more than Russian Federation which stood at 11.52 million kg during the concerned period.

9 Aug 2022 3:02 pm
PM Modi's total assets rise by Rs 26 lakh to Rs 2.23 crore; land holding donated

Modi has no investment in any bond, share or mutual funds, does not own any vehicle, but has four gold rings valued at Rs 1.73 lakh, according to his declaration updated till March 31

9 Aug 2022 2:46 pm
Bumrah ruled out due to back injury; Kohli returns to India squad for Asia Cup

Harshal Patel has a rib injury and was also ruled out of the continental Twenty20 tournament, which is set to start Aug. 27 in the United Arab Emirates. India will meet archrival Pakistan in Dubai on Aug. 28.

9 Aug 2022 2:14 pm
Ganesh Chaturthi 2022: Maharashtra witnesses 53% jump in demand for festival-related services

According to the Just Dial Consumer report, the last two years saw muted celebrations due to severe restrictions imposed by the COVID-19 lockdown. But now the withdrawal of all restrictions has come as a big boost for all service providers for festivals and the gig economy at large.

9 Aug 2022 2:11 pm
Russia successfully launches Iranian satellite into orbit

Iran has said the satellite fitted with high-resolution camera will be used for environmental monitoring and will remain fully under its control.

9 Aug 2022 2:03 pm
Sri Lanka approves 75% tariff hike in power tariffs

The Commission decided to approve a fair electricity tariff, taking all these public and other stakeholder comments into consideration, Janaka Ratanayke, chairman of the Public Utilities Commission of Sri Lanka, said.

9 Aug 2022 1:53 pm
Weave Capital announces $75 mn Venture Fund aimed at early-stage start-ups

The fund shall commit a cheque between $1 million to $ 5 million across different stages of the portfolio company.

9 Aug 2022 1:46 pm
JD (U) may part ways with BJP in Bihar; Nitish Kumar to meet Governor at 4 pm

A parallel meeting of the Rashtriya Janata Dals (RJD) legislators convened by Tejashwi Yadav at his mother Rabri Devis Circular Road bungalow, located close to the CMs residence, is likely to endorse the JD(U)-led coalition.

9 Aug 2022 1:35 pm
Fintech start-ups signed more deals but saw only slight uptick in funding

Fintech funding rounds 2022 showed a 28% increase in deals over last year but only a 2.7% increase in funding amount, as per an analysis by Connexdoor; 149 fintech deals happened in 2021 whereas 2022 till July saw 191 deals

9 Aug 2022 12:52 pm
China orders audit of $3 trillion trust industry: Report

China's trust industry has been a key part of the country's shadow banking business, which helps channel deposits into risky investments.

9 Aug 2022 12:43 pm
Absconding politician Shrikant Tyagi arrested, 3 associates also held

Tyagi, who was at large since Friday evening, had moved a court in the Gautam Buddh Nagar district with a plea for surrender-related procedures.

9 Aug 2022 12:18 pm
SquadStack raises Rs 140 cr in a Series B round led by Bertelsmann India Investments

The company said in a statement that the funds will be utilised to hire top talent to bolster its team for expansion, along with executing its plans to increase its base of sales experts base and further expand into new verticals.

9 Aug 2022 12:13 pm
Expert Speaks: How first-time salary earners can become a crorepati in 10 years

In our Expert Speaks column today, Abhishek Dev, co-founder and CEO, Epsilon Money, breaks down the steps one needs to follow in order to grow their investments so that it can touch Rs 1 crore in 10 years.

9 Aug 2022 12:00 pm
Data of immigrants at peril as Canada discovers massive security breach

Immigration, Refugees and Citizenship Canada (IRCC) sent emails containing names, application numbers and unique client identifiers to the wrong addresses. IRCC claimed that it became aware of the privacy breach on August 3, a day after announcing the extensions.

9 Aug 2022 11:46 am
Maharashtra: Eknath Shinde-led ministry expanded; 18 ministers take oath

The ministers include nine each from the Shinde group and BJP, respectively.

9 Aug 2022 11:39 am
Tollywood impasse continues as Rs 600 crore stuck

No clarity yet on when film shooting will commence, which has been stalled since August 1, as industry deals with OTT and its own inflated cost structure.

9 Aug 2022 11:37 am
No proposal under consideration for constitution of 8th Central Pay Commission: Govt

The ministry did not give any further details and reasons for not considering any proposal right now.

9 Aug 2022 11:32 am
Ambani to repeat Jio feat! Next disruption in green energy sector

Mukesh Ambani said that RIL will leverage its world-class execution capability and strong debt-free balance sheet to improve the economics of the green ecosystem to directly compete with fossil fuels.

9 Aug 2022 10:43 am