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Sparkling bright or a dark Diwali? Fireworks industry in suspense
Business

Sparkling bright or a dark Diwali? Fireworks industry in suspense

Chennai, Sep 18: Is it going to be a sparkling bright or dark Diwali is the question that has been asked by the fireworks industry for the past couple of years. With Diwali this year to be celebrated next month - and virtually without any curbs and the Covid pandemic wanes, the question gains...
India: From a milk deficit country to world
Business

India: From a milk deficit country to world's largest producer

Ahmedabad, Sept 15: India was once a milk-deficit country. But at present, it is the largest producer of milk in the world, contributing 21 per cent of global milk production. During the 1950s and 1960s, the situation was radically different. India was a milk-deficit nation dependent on imports...
Equities fall in early trade; Sensex slides 530 points
Business

Equities fall in early trade; Sensex slides 530 points

Mumbai, Sep 14: Benchmark Sensex tumbled 530 points and the broader Nifty shed 172 points in early trade on Wednesday as concerns over further rate hikes by the US Federal Reserve to tame inflation and weak global cues spooked investor sentiments.After four continuous sessions of gains, the 30-share...
Many nations showing interest in rupee trade: Sitharaman
Business

Many nations showing interest in rupee trade: Sitharaman

New Delhi, Sep 13: Union Finance Minister Nirmala Sitharaman on Tuesday said many countries have shown interest in having rupee trade with India. Speaking at the Mindmine Summit 2022 here, Sitharaman said that positive response has come from many nations across the world, which have said that it...
NBFCs
Business

NBFCs' asset growth set to touch four-year high in FY23: Crisil Ratings

Mumbai, Sep 12: Non-bank lenders' asset growth will jump to a four-year high of 11-12 per cent this fiscal, a ratings agency said on Monday. The non-bank finance companies (NBFCs) segment has witnessed three consecutive years of constrained asset growth due to the COVID-19 pandemic, with the...
Indian telcos to spend $19.5 bn on 5G infra by 2025: GSMA
Business

Indian telcos to spend $19.5 bn on 5G infra by 2025: GSMA

New Delhi, Sep 10: The telecom carriers in India are expected to invest around $19.5 billion in the development of advanced infrastructure for 5G by 2025, according to a GSMA report. The report showed that 5G could benefit the Indian economy by $455 billion between 2023 and 2040, or more than 0.6...
Elon Musk sends another notice to Twitter to kill $44 bn deal
Business

Elon Musk sends another notice to Twitter to kill $44 bn deal

San Francisco, Sep 10: Tesla CEO Elon Musk has shot off a third notice to Parag Agrawal-led Twitter, aimed at terminating the $44 billion takeover deal. In the latest letter submitted with the US Securities and Exchange Commission, Musk's legal team cited Twitter's multi-million dollar severance...
India bans export of broken rice
Business

India bans export of broken rice

New Delhi, Sept 9: After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification. "Export Policy of broken rice ...Is amended from 'Free' to 'Prohibited'," the...
Online sales during festive month to reach USD 11.8 bn: Report
Business

Online sales during festive month to reach USD 11.8 bn: Report

Mumbai, Sep 8: E-commerce firms are expected to log a 28 per cent year-on-year growth in sales at USD 11.8-billion during the festive month this year, a report said on Thursday. The festive month is generally defined as a period starting from the first sales event and lasting roughly till the...
Flipkart forays into hospitality sector, opens hotel bookings
Business

Flipkart forays into hospitality sector, opens hotel bookings

New Delhi, Sep 6: Homegrown e-commerce marketplace Flipkart on Tuesday announced that it has forayed into the hospitality sector with the launch of a new hotel-booking feature -- Flipkart Hotels -- on its platform to bolster its offerings in the travel sector. The platform said Flipkart Hotels...
Cyrus Mistry
Business

Cyrus Mistry's funeral on Tuesday morning in Mumbai

Mumbai, Sept 5: The funeral of Cyrus P. Mistry, a scion of the Shapoorji Pallonji Group and former Chairman of Tata Group, shall be held here on Tuesday morning, his family said here. The last rites of Mistry, 54, who was killed in a road accident in Palghar on Sunday afternoon, shall be...
Former Tata Sons head Cyrus Mistry dies in car crash near Mumbai
Business

Former Tata Sons head Cyrus Mistry dies in car crash near Mumbai

Mumbai, Sep 4: Former Tata Sons chairman Cyrus Mistry was on Sunday killed in a road accident after his car hit a divider in Maharashtra's Palghar district neighbouring Mumbai, a police official said. Mistry was travelling from Ahmedabad to Mumbai in a Mercedes car, he said. "The...
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