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Business / The New Indian Express

Airlines to share international passengers' info with customs department 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 5:58 pm
CoinSwitch launches Web3 Discovery Fund, to invest in 100 Indian start-ups

Web3 Discovery Fund will be an active investor and provide strategic support for the rapid growth of the portfolio start-ups.

9 Aug 2022 4:36 pm
Sri Lanka raises electricity tariffs by up to 264 per cent

The country is also facing hyperinflation and lengthy electricity blackouts after the CEB was unable to buy oil for its thermal generators.

9 Aug 2022 4:25 pm
Hiring sees 1 per centdip amidst inflation fear

As per the Monster Employment Index report, IT (-6%) continues to make hiring corrections with several organisations laying off employees post excessive appointments from the past year.

9 Aug 2022 1:05 pm
HDFC hikes lending rate by 25 bps, home loans to get costlier

The revision in interest rates would come into effect from Tuesday.

9 Aug 2022 11:46 am
Tata Comm gross revenue under-reporting led to Rs 645 crore lower govt fee collection: CAG

The CAG, in the report, also said the amount needs to be recovered from Tata Communications Ltd (TCL).

9 Aug 2022 11:06 am
Reliance Jio completes 5G coverage strategy for top 1,000cities

RIL says it will develop green energy solutions at affordable price

9 Aug 2022 7:45 am
Cryptocurrency exchange Binance removes off-chain transfers to WazirX

Users of crypto exchange WazirX are worried as Binance on Monday ceased off-chain fund transfer between the exchange and WazirX.

9 Aug 2022 7:45 am
SpiceJet denies reports of banks putting loans on high-risk head

Debt-laden Spicejet on Monday denied the reports that a few banks have put their account on high -risk category.

9 Aug 2022 7:45 am
Honda enters mid-sized bike segment with CB300F

The new bike, produced locally at the companys Gujarat plant, comes at a price tag of Rs 2.26 lakh and will be sold exclusively in Hondas BigWing Showrooms.

9 Aug 2022 7:45 am
Honda Eyes increased share in the premium segment; launches mid-size CB300F at Rs 2.26 lakhs

The new bike, produced locally at the companys Gujarat plant, comes at a price tag of Rs 2.26 lakh and will be sold exclusively in Hondas BigWing Showrooms.

9 Aug 2022 7:45 am
Equity markets rally on FII buying, fall in oil prices

Equity market on Monday extended its rally on account of sustained foreign fund inflow and falling oil prices.

9 Aug 2022 7:41 am
Governmentoffers use of 5G test bed free of cost for SMEs, start-ups

For other stakeholders, this service will be available at a very nominal rate.

9 Aug 2022 7:32 am
Marred by frequent disruptions, Monsoon session ends before schedule; Trinamool attacks Modi government

Lok Sabha and Rajya Sabha, which were adjourned sine die this afternoon, saw the passage of seven and five bills, respectively, during the session which was to end on August 12.

8 Aug 2022 9:40 pm
Several CRZ projects approved during 2015-2020 despite inadequacies in EIA reports: CAG

Coastal land up to 500-metre from the High Tide Line (HTL) and a stage of 100m along banks of creeks, lagoons, estuaries, backwater and rivers subject to tidal fluctuations is called CRZ.

8 Aug 2022 8:30 pm
Edtech unicorn upGrad raises $210 million, now valued at $2.25 billion

The founder group -- Ronnie Screwvala, Mayank Kumar and Phalgun Kompalli -- invested $12.5 million in this round to maintain their over 50% ownership in the edtech platform.

8 Aug 2022 5:01 pm
Chinese oil giant Sinopec likely to enter Sri Lankan fuel market amid Beijing's debt-trap

Sinopec is already present at the Port of Hambantota where it operates an oil depot.

8 Aug 2022 2:52 pm
Billionaire Mukesh Ambani draws nil salary for second year inrow citing pandemic

In both these years, Ambani did not avail of any allowances, perquisites, retiral benefits, commission or stock options from Reliance for his role as the Chairman and Managing Director.

8 Aug 2022 10:45 am
Asian stocks mixed after US job gain paves way for rate hike

Markets also have been rattled by Russia's war on Ukraine, which has caused prices of oil, wheat and other commodities to spike and by uncertainty about the impact of Chinese anti-virus curbs.

8 Aug 2022 10:12 am
Simplify financial planning amid uncertainty

If you are not too keen to dive in so much, you need to do a few basics to take care of your unexpected expenses and secure your sunset years.

8 Aug 2022 8:54 am
Smartphone makers like Apple, OnePlus line up new launches

They say the best is always saved for the last. This is true for smartphone makers as well as they prefer to launch their premium devices in the second half of the calendar year.

8 Aug 2022 8:48 am
Do not risk your family's future

It is prudent for everyone who has even a single financial dependent to not just insure, but adequately insure themselves.

8 Aug 2022 8:28 am
Take control of financial data with Account Aggregator network

Financial information drawn from AAs can help cross-check alternate data collected from a borrowers device, explains Rajat Deshpande, co-founder and CEO of FinBox.

8 Aug 2022 8:15 am
Quarterly earnings, global events and Macro data to guide market this week; experts anticipate volatility

During the week ending Friday, the BSE Sensex gained more than 800 points to 58,388, and the Nifty 50 surged 239 points to 17,397.

8 Aug 2022 6:39 am
Tata Motors acquires Ford Indias Sanand plant for Rs 725 crore

This acquisition for Tata Motors will unlock a state-of-the-art manufacturing capacity of 300,000 units per annum which is scalable to 420,000 units per annum.

8 Aug 2022 1:01 am
'Will bring back 10 grounded wide-body aircraft to service by early 2023': Air India

A wide-body aircraft has a bigger fuel tank that allows it to travel on long-haul international routes like India-US and India-Canada.

7 Aug 2022 9:37 pm
Electricity Amendment Bill: Claim to provide choice to power consumers misleading, says AIPEF Chairman

In a letter to PM Narendra Modi, AIPEF has demanded that the bill be referred to the Parliamentary Standing Committee on Energy for wider consultation.

7 Aug 2022 1:35 pm
Steel players expect the government to withdraw export duty; to go ahead with capex plans

It also waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the steel industry.

7 Aug 2022 1:05 pm
PM Modi-chaired NITI Aayog governing council meeting begins

The Council, the apex body of NITI Aayog, includes all chief ministers, lieutenant governors of Union Territories and several Union ministers.

7 Aug 2022 12:25 pm
SBI net profit declines 6.7 per centon mark-to-market losses

The domestic net interest margin (NIM) during the first quarter improved by 8 bps YoY to 3.23%.

7 Aug 2022 8:13 am
Indian Overseas Bank first-quarter net profit increases 20 per centto Rs 392 crore

State-owned Indian Overseas Bank (IOB) on Saturday reported a 20 per cent rise in net profit to Rs 392 crore for the first quarter of the financial year 2022-23, helped by a decline in bad loans.

7 Aug 2022 8:10 am
Reticent spectrum bidders, scam-talk mark 5Grollout

With the completion of the auctions for 5G spectrum, India is well on the way to the next level of the telecommunication revolution.

7 Aug 2022 8:07 am
BSNL revival plan: Long road ahead

Experts feel BSNL should adopt 5G if it wants the revival plans to be successfully executed

7 Aug 2022 7:55 am
Vistara doubles flights to/from Frankfurt and Paris; inducts third Boeing 787-9 Dreamliner

Vistara has opened the sale for these additional flights, across all channels including its website, mobile app, OTAs (online travel agencies), and other travel agents.

6 Aug 2022 4:24 pm
Income Tax Appellate Tribunal reprieve for Anil Ambani in yacht customs duty case

The case pertains to assessment year 2013-14. Reliance Transport and Travels had debited Rs 32.12 crore as customs duty, out of which Rs 26.49 crore was claimed as business expenditure.

6 Aug 2022 4:03 pm
Mahindra & Mahindra reports Rs 2,196 crore PAT on strong demand

Mahindras consolidated revenue from operations stood at Rs 28,412.38 crore in Q1FY23, up from Rs 19,171.91 crore Q1FY22.

6 Aug 2022 9:42 am
Mobile tower emissions dont impact environment

The government on Friday said the emissions from mobile towers are non-ionizing radio frequencies and are incapable of causing any adverse impact on the environment.

6 Aug 2022 9:00 am
Income tax department seizes unaccounted Rs 55 crore from ex-fund manager

The raids were conducted on 25 premises across Mumbai, Ahmedabad, Vadodara, Bhu and Kolkata.

6 Aug 2022 8:58 am
Paytms net loss widens to Rs 645 crore in Q1

Its revenue from operations came in at Rs 1,680 crore in the first quarter, up 89% from the year-ago quarter.

6 Aug 2022 8:56 am
Beauty retailer Nykaas Q1 net profit grows 33 per cent

The company board on Friday approved the acquisition of 100% of Illuminar Media, which is in the business of running and operating a digital platform.

6 Aug 2022 8:53 am