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Banks hike deposit rates ahead of festive season
Business

Banks hike deposit rates ahead of festive season

Mumbai, Aug 18: Most banks are increasing their deposit rates to boost deposit to support rising credit off-take as liquidity in the banking system has narrowed. The hike in deposit rates are in line with the Reserve Bank of India's (RBI) 50 basis points hike in repo rate in the August monetary...
Foodgrain production estimated to be record 315.72 MT, up by 4.98 MT in 2020-21
National

Foodgrain production estimated to be record 315.72 MT, up by 4.98 MT in 2020-21

New Delhi, Aug 17: Foodgrain production in the country is estimated to be a record 315.72 million tonnes in the year 2021-22, an increase by 4.98 MT in 2020-21. The fourth advance estimates of production of major agricultural crops for the year 2021-22 have been released by the Union Ministry of...
Tripura exported over 9K tonnes of pineapples in 2 years
North East

Tripura exported over 9K tonnes of pineapples in 2 years

Agartala, Aug 12: Tripura exported 9,909 tonnes of the most delicious pineapples to Dubai, Qatar, Bangladesh facilitating Rs 14 crore trade of the state's farmers during the past two years, Agriculture and Farmers Welfare Minister Pranajit Singha Roy said here on Thursday. The Agriculture...
Sensex drops 155 pts in early trade; Nifty tests 17,600
Business

Sensex drops 155 pts in early trade; Nifty tests 17,600

Mumbai, Aug 12: Equity benchmark Sensex fell 155 points in early trade on Friday, tracking losses in index-heavyweights TCS, Infosys and Maruti amid a mixed trend in global markets. The 30-share BSE index was trading 155.21 points or 0.26 per cent lower at 59,177.39 in initial deals. Similarly,...
In India, 7.3% of the population owned digital currency in 2021, 7th highest in the world: UN
Business

In India, 7.3% of the population owned digital currency in 2021, 7th highest in...

United Nations, Aug 11: Over seven per cent of India's population owns digital currency, according to the UN, which said that the use of cryptocurrency rose globally at an unprecedented rate during the COVID-19 pandemic. The UN trade and development body UNCTAD said that in 2021, developing...
Sensex rallies 515 pts to reclaim 59,000-mark; IT, finance stocks shine
Business

Sensex rallies 515 pts to reclaim 59,000-mark; IT, finance stocks shine

Mumbai, Aug 11: Equity benchmark Sensex rallied 515 points on Thursday to reclaim the 59,000-level, propelled by heavy buying in IT, banking and financial stocks amid sustained foreign fund inflows. The 30-share BSE index ended 515.31 points or 0.88 per cent higher at 59,332.60. Similarly, the...
Sensex declines over 130 points in early trade; Nifty slips below 17,500 level
Business

Sensex declines over 130 points in early trade; Nifty slips below 17,500 level

Mumbai, Aug 10: Equity benchmark Sensex dropped over 130 points in early trade on Wednesday amid a subdued trend in global markets. After opening on a positive note, the market turned choppy in early deals. The 30-share BSE index was trading 131.71 points or 0.22 per cent lower at 58,721.36...
EMIs to rise as RBI hikes interest rate again
Business

EMIs to rise as RBI hikes interest rate again

Mumbai, Aug 5: Home, auto and other loan EMIs are set to rise further after RBI on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation. The increase in lending rate or the repurchase rate (repo) by 50 bps to...
No GST on room rents of
Business

No GST on room rents of 'sarais' managed by religious or charitable trusts:

New Delhi, Aug 5: The Finance Ministry has said that the Goods and Services Tax will not apply on room rents of 'sarais' (inns) or properties managed by religious and charitable institutions. The clarification was issued by the Central Board of Indirect Taxes and Customs (CBIC) on Thursday evening...
Spectrum auction enters sixth day of bidding; garners nearly Rs 1.50 lakh crore so far
Business

Spectrum auction enters sixth day of bidding; garners nearly Rs 1.50 lakh crore...

New Delhi, Jul 31: The auction of the 5G spectrum capable of offering ultra-high-speed internet entered the sixth day of bidding on Sunday after receiving bids worth 1,49,966 crore in the first five days from players like Reliance Jio and Bharti Airtel. The bidding resumed on Sunday morning with...
5G spectrum auction: Bidding enters day 4; bids worth Rs 1.49 lakh cr received so far
Business

5G spectrum auction: Bidding enters day 4; bids worth Rs 1.49 lakh cr received...

New Delhi, Jul 29: The auction of 5G spectrum for ultra-high-speed internet services entered day four on Friday after garnering bids worth Rs 1,49,623 crore in 16 rounds of bidding conducted so far. The high interest for spectrum in the 1800 MHz band in Uttar Pradesh East circle saw Jio and...
India
Business

India's biggest spectrum auction begins; 5G airwaves worth Rs 4.3 lakh cr on...

New Delhi, Jul 26: India's biggest-ever auction of spectrum that carries telephone and internet data signals, began on Tuesday with a total of 72 GHz (gigahertz) of 5G airwaves worth Rs 4.3 lakh crore on offer. Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone...
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