Telangana Chief Minister K Chandrasekhar Rao will on Tuesday inaugurate the new T-Hub 2.0, an incubation facility to boost business and innovation in the state. The business incubator facility has been developed to boost the technology innovation ecosystem in the state and attract new investments. “The best way…
Mukesh Ambani has resigned as director of Reliance Jio effective from June 27 and handed over the reins of the company to his elder son Akash. In a stock exchange filing, Reliance Jio said the company’s board at a meeting on June 27, “approved the appointment of Akash M Ambani, non-executive director, as…
Benchmark stock indices Sensex and Nifty rallied nearly 1 per cent to close at over two-week high levels on Monday, posting gains for a third straight day as global equities advanced on easing inflation concerns. The 30-share BSE Sensex jumped 433.30 points or 0.82 per cent to settle at 53,161.28, a level not seen…
Indian shares slipped in volatile trade on Friday and were on course for their worst week in over two years, hit by worries that rapid increases in policy rates targeted at taming inflation could derail economic recovery. The NSE Nifty 50 index slid 0.51% to 15,282.45, as of 0446 GMT, while the S&P BSE Sensex fell…
Citing a rise in the cost of jet fuel and the depreciation of the rupee, SpiceJet has said a minimum of 10-15 per cent hike would be required to ensure that costs of operations are better sustained.” Ajay Singh, Chairman and Managing Director, SpiceJet in a statement said, “The weakening of the Indian rupee…
Bitcoin’s price recovered on Thursday but still the world’s largest cryptocurrency was trading just over the $22,000-mark. The US Federal Reserve Chair Jerome Powell announced the highest interest rate hike since 1994. BITCOIN PRICE Bitcoin price rose 5.16 per cent at $22,077 on Thursday. Ethereum, the…
The government is not in a position to bear subsidies on petroleum products anymore, said Federal Finance Minister of Pakistan Miftah Ismail on Wednesday, and announced an increase in the prices of petrol by Rs24.03, taking it to the record high of Rs 233.89 per litre. From June 16, petrol will be sold at Rs 233.89 per…
The Reserve Bank of India (RBI) has hiked the key interest rate by 50 basis points, the second increase in five weeks, to tame inflation. The increase in lending rate or the repurchase rate (repo) by 50 bps to 4.90 per cent was the biggest in more than a decade and came on the back of a 40 bps hike in May at an…
A rally in energy and technology stocks propelled Indian shares to a firmer finish on Thursday, ending a four-session losing streak driven by worries around aggressive policy tightening by global central banks. Notching their best session since the turn of the month, the NSE Nifty 50 index settled 0.74 per cent or…
The Reserve Bank of India (RBI) on Wednesday projected that the country’s economy will grow at 7.2 per cent in the Financial Year 2022-23. The central bank has increased its inflation forecast to 6.7 per cent for the current fiscal year. The RBI has kept the real gross domestic product (GDP) growth forecast for…