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Markets fall in early trade amid weak global cues
Business

Markets fall in early trade amid weak global cues

Mumbai, Oct 17: Equity benchmark indices fell in early trade on Monday amid weak global market trends and continuous foreign fund outflows. The 30-share BSE Sensex fell 137.84 points to 57,782.13 in early trade. Similarly, the broader NSE Nifty declined 52.75 points to 17,132.95. Among the Nifty...
International conclave to focus on entrepreneurship in space industry
Business

International conclave to focus on entrepreneurship in space industry

Chennai, Oct 16: A three-day international space conclave titled 'Space Technology: The Next Business Frontier' will focus on entrepreneurship and networking in the space industry. The space conclave organised by the US Consulate General, Chennai, and hosted by the Indian Institute of Technology,...
Govt to give Rs 22,000 cr grant to oil PSUs to cover LPG losses
Business

Govt to give Rs 22,000 cr grant to oil PSUs to cover LPG losses

New Delhi, Oct 12: The government will extend a one-time grant of Rs 22,000 crore to three state-owned fuel retailers to cover for the losses they incurred on selling domestic cooking gas LPG below cost in the last two years, I&B Minister Anurag Thakur said on Wednesday. The Union Cabinet...
India
Business

India's space economy expected to be worth USD 12.8 billion by 2025: Report

New Delhi, Oct 10: India's space economy is likely to be worth nearly USD 13 billion by 2025, with the satellite launch services segment set to witness the fastest growth spurred by increasing private participation, according to a report released on Monday. The growing demand for smaller...
Dhoni launches drone Droni
Business

Dhoni launches drone Droni

Chennai, Oct 10: Helicopter shot specialist cricketer Mahendra Singh Dhoni launched a consumer camera drone branded as Droni. Manufactured by the city-based drone startup Garuda Aerospace, the Droni drone is a quadcopter consumer camera drone. According to the company's Founder and CEO,...
People struggle as prices of vegetables; grains go through roof in mandis
Business

People struggle as prices of vegetables; grains go through roof in mandis

Noida, Oct 8: Skyrocketing prices of essentials has dealt a heavy blow to the public already struggling to recover from the repercussions of the Covid-induced lockdowns imposed in phases since early 2020.Be it vegetables or foodgrains, the prices have touched the roof right from taking them out...
RBI to soon launch e-rupee on pilot basis for limited use
Business

RBI to soon launch e-rupee on pilot basis for limited use

Mumbai, Oct 7: The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific use cases as it tests digital currency in India. "As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of...
Stock markets rise for 2nd session, Sensex gains 156 pts
Business

Stock markets rise for 2nd session, Sensex gains 156 pts

Mumbai, Oct 6: Benchmark BSE Sensex rose by 156 points while the Nifty closed above the 17,300 level on Thursday after gains in metal, IT and capital goods shares amid foreign capital inflows. The 30-share BSE benchmark gained 156.63 points or 0.27 per cent to settle at 58,222.10. During the day,...
High fuel prices, depreciation of rupee to hamper margins in aviation sector
Business

High fuel prices, depreciation of rupee to hamper margins in aviation sector

New Delhi, Oct 6: Even as the recovery in the aviation sector has been highly impressive with stable traffic at around 90 per cent of pre-Covid levels, Brokerage firm Prabhdas Lilladhar has said the domestic passenger traffic is likely to decline nearly 8-9 per cent QoQ, led by the seasonal...
Sensex climbs 513 points in early trade
Business

Sensex climbs 513 points in early trade

Mumbai, Oct 6: Equity benchmark indices began the trade on a positive note on Thursday amid fresh foreign capital inflows and mixed trends in Asian markets. The 30-share BSE Sensex climbed 513.29 points to 58,578.76 in early trade. The broader NSE Nifty advanced 154.5 points to 17,428.80. Among...
UPI transactions up over 3 pc at 678 crore in September
Business

UPI transactions up over 3 pc at 678 crore in September

New Delhi, Oct 1: UPI transactions grew by over 3 per cent to 6.78 billion in September from a month ago, data from NPCI showed on Saturday. In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore). In value...
RBI hikes interest rate for fourth time in a row
Business

RBI hikes interest rate for fourth time in a row

Mumbai, Sept 30: The Reserve Bank of India on Friday raised the benchmark lending rate by 50 basis points, the fourth straight increase since May, as it extended its battle to tame stubbornly high inflation. The monetary policy committee (MPC), comprising three members from the RBI and three...
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