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Business
India registers as the biggest emerging market NFT collectibles market: Study
29 Aug 2022 7:00 AM IST
New Delhi, Aug 29: A recent study conducted by Market Decipher, a premier market research, and consultancy firm, has provided good news to Topps India, the Indian subsidiary of the leading producer of sports and non-sports themed trading cards. As per the report published this month, India has...
Business
Over half of Bitcoin's daily trading volume fake globally: Report
28 Aug 2022 8:31 PM IST
San Francisco, Aug 28: More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest cryptocurrency nosedives again amid global economic turmoil. According to a Forbes analysis of 157 crypto exchanges and trading platforms, more than half (51 per cent) of all...
Business
'Chanakya' to 10:1 split-second access, how some punters manipulated NSE
28 Aug 2022 12:19 PM IST
New Delhi, Aug 28: The NSE co-location scam -- the market manipulation at the National Stock Exchange -- points out how some market participants made huge gains from a split-second (10:1) faster access to exchange price feeds quicker than others through manipulation. In a recent court order which...
National
'Drought in China, low yield in India can fuel domestic edible oil prices'
26 Aug 2022 3:15 PM IST
Rajkot, Aug 26: Gujarat State Edible Oil and Edible Oil Seeds Association (GSEOEOSA) president has expressed fears that drought in China and low cultivation of groundnut in South Indian states can fuel the groundnut oil prices in the coming season. GSEOEOSA president Samir Shah, speaking to local...
Business
Adani group rejects NDTVs assertion of sebi nod needed for share acquisition
26 Aug 2022 11:56 AM IST
New Delhi, Aug 26: Adani group on Friday rejected NDTV's assertion that Sebi's approval is necessary to acquire interests in RRPR, saying the promoter entity is not a part of the regulator's order that restrained Prannoy and Radhika Roy from accessing the securities market. Terming the...
Business
Rising interest rates to impact home sales for short term
24 Aug 2022 2:50 PM IST
Mumbai, Aug 24: The rising interest rates scenario in the last few months and expectation of further rate hike is expected to impact homebuyers' attitude, albeit for the short-term and housing sales too could take a hit, experts believe. "Just as in the case of falling numbers of applicants for...
Business
AI to eliminate hiring bias & find skilled workers for Indian firms
23 Aug 2022 8:31 PM IST
New Delhi, Aug 23: A whopping 96.5 per cent of recruiters at Indian startups and small and medium enterprises (SMEs) in India believe that the use of AI is one of the best ways to improve the recruitment process and eliminate bias from the hiring process, a report showed on Tuesday. About 50 per...
Business
Adani Power to acquire DB Power for Rs 7,000 cr
20 Aug 2022 12:50 PM IST
New Delhi, Aug 20: Gautam Adani-led Adani Power Ltd has agreed to buy the thermal power assets of DB Power Limited (DBPL) for nearly Rs Rs 7,017 crore enterprise valuation, the company announced on Friday. Both sides signed an agreement for the all-cash deal on Friday afternoon. The initial term of...
National
ONGC, IRCTC among 21 PSEs running without full-time heads
20 Aug 2022 11:25 AM IST
New Delhi, Aug 19: As many as 21 central public sector enterprises (CPSEs) including Maharatna entity ONGC, Navratnas Oil India Ltd (OIL), and Bharat Electronics Ltd (BEL) and Indian Railway Catering and Tourism Corporation Ltd (IRCTC), among others, are functioning without a full-time head. In...
Business
Banks hike deposit rates ahead of festive season
18 Aug 2022 1:05 PM IST
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...
National
Foodgrain production estimated to be record 315.72 MT, up by 4.98 MT in 2020-21
17 Aug 2022 4:43 PM IST
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...
North East
Tripura exported over 9K tonnes of pineapples in 2 years
12 Aug 2022 3:57 PM IST
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...
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