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Business
]Next Union budget may retain focus on infrastructure story: Nirmala Sitharaman
Finance minister Nirmala Sitharaman says the government reduced corporate tax in 2019 to boost investor sentiment and the policy decision helped in faster recovery of the economy after the two waves of Covid-19 pandemic hit the economy – the first in March 2020 and the second in April-May this year
Updated on Dec 05, 2021 12:34 AM IST
Bitcoin plunges over 20% in another sign of global market nerves
Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a fifth of its value, sliding to $2.2 trillion, according to tracker CoinGecko.
Published on Dec 04, 2021 12:11 PM IST
Bloomberg |
IMF likely to downgrade global economic estimates as Omicron threat looms large
Omicron has spread rapidly to at least 40 countries since it was first reported in South Africa last week, officials say, and many governments have tightened travel rules to try to keep it out.
Published on Dec 04, 2021 09:30 AM IST
Reuters | , Washington
Twitter CEO Parag Agrawal shakes up management ranks after Dorsey's departure
The moves are part of an effort “to drive increased accountability, speed, and operational efficiency,” Twitter said in the filing.
Published on Dec 04, 2021 06:11 AM IST
Bloomberg |
Android’s new features: Wider privacy canvas, BMW car keys and new Google Photos
Android phone users have several new features to look forward to. In the days and weeks to come, Google will roll out new apps and feature sets
Updated on Dec 03, 2021 08:39 PM IST
Pakistan’s interest rate surge shows IMF deal not enough
Prices in the nation grew more than 11% in November and the trade shortfall more than doubled to a record of almost $5 billion, data showed this week, pushing the benchmark stock index down almost 5% on Thursday.
Updated on Dec 03, 2021 09:03 PM IST
Bloomberg |
Sensex tanks 764.83 pts to end at 57,696.46; Nifty down by 204.9 pts
Losses were dominated by index-heavyweights Reliance Industries, HDFC twins and Kotak Bank, as India reported its first cases of the Omicron variant of the coronavirus.
Published on Dec 03, 2021 03:55 PM IST
PTI | | Posted by Sharmita Kar, New Delhi
Fintech revolution needed for financial empowerment: PM Modi
“Financial inclusion is the driver of the fintech revolution,” Modi said, adding that fintech rests on the four pillars of income, investments, insurance and institutional credit.
Updated on Dec 04, 2021 06:13 AM IST
Rajeev Jayaswal, New Delhi
Bank alert: ATM cash withdrawals set to become more expensive from January
- The RBI said that the new charges were imposed in view of the rising cost of ATM deployment and expenses pertaining to ATM maintenance.
Published on Dec 03, 2021 01:26 PM IST
hindustantimes.com | Written by Sharmita Kar | Edited by Poulomi Ghosh, New Delhi
Sensex opens 262 points higher at 58,724, Nifty trades at 17,470
The 30-share index was trading 262.86 points or 0.45% higher at 58,724.15 in initial deals. Similarly, the Nifty rose 68.45 points or 0.39% to 17,470.10.
Published on Dec 03, 2021 09:35 AM IST
PTI | , Mumbai
Swiggy to invest $700 million in its quick delivery arm
Swiggy will invest in Instamart service, which is currently operational in 18 cities across India, and delivers more than one million orders per week.
Updated on Dec 03, 2021 04:48 AM IST
Tarush Bhalla
Gujarat CM Patel invites global industries to make state investment hub
- Patel was addressing a road show organised in Mumbai ahead of the 10th edition of Vibrant Gujarat Global Summit. The main event is scheduled to begin on January 10, 2022. It will go on for three-days.
Published on Dec 02, 2021 10:43 PM IST
hindustantimes.com, Hindustan Times, New Delhi
Paytm receives its first ‘buy’ rating after IPO
- Paytm’s “super app” has emerged from a pure “want” category to reach to the “need” status, Dolat analysts, led by Rahul Jain, said.
Updated on Dec 02, 2021 04:04 PM IST
Bloomberg | , Hindustan Times, New Delhi
Sensex leaps 777 pts to close in green at 58,461; Nifty ends session at 17,404
- HDFC was the top gainer in the Sensex pack, climbing nearly 4 per cent, followed by PowerGrid, Sun Pharma, Tata Steel, Tech Mahindra and Bajaj Finserv.
Updated on Dec 02, 2021 05:03 PM IST
PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi
India's Bharti Airtel in talks to buy majority stake in Dish TV: Report
- Airtel is looking to buy 5.93% stake from Dish TV's promoter group and 25.63% stake owned by Yes Bank Ltd, the report said. The lender is the largest shareholder, according to Refinitiv data.
Published on Dec 02, 2021 02:42 PM IST
Reuters | | Posted by Sharangee Dutta, Hindustan Times, New Delhi
HDFC hikes interest rate on fixed deposit: See more details here
- The new interest rates have come into effect from December 1.
Updated on Dec 02, 2021 02:22 PM IST
LIC IPO: Policyholders asked to update PAN. Here's how to do it
The initial public offer (IPO) of LIC is expected to be launched in the fourth quarter of the current financial year. The Union Cabinet had in July this year cleared disinvestment of LIC. The listing of LIC will be crucial for the government to meet its disinvestment target.
Published on Dec 02, 2021 01:24 PM IST
hindustantimes.com, Hindustan Times, New Delhi
Qualcomm’s always-on camera tech for smartphones raises privacy concerns
Android smartphones with the next-generation Qualcomm Snapdragon 8 Gen 1 will have an always-on camera that will let users unlock the phone by looking at it. Qualcomm says the data collected by the front-facing camera will be processed on the device.
Published on Dec 02, 2021 12:40 PM IST
Shares edge higher on auto, pharma boost; Omicron woes cap gains
- The blue-chip NSE Nifty 50 index was up 0.35% at 17,227.50 by 0358 GMT, while the benchmark S&P BSE Sensex rose 0.31% to 57,864.75.
Updated on Dec 02, 2021 09:53 AM IST
Reuters |
Nothing ear (1) black edition arrives with carbon neutrality and crypto payments
The Nothing ear (1) black edition wireless earbuds will go on sale on Flipkart in India for the first time on 13 December
Published on Dec 01, 2021 09:43 PM IST
Spotify Wrapped 2021 is a timely reminder of your favorite music and podcasts
In the music streaming space, Spotify has faced competition this year from Apple Music. Apple rolled out the Lossless Audio high-resolution music option alongside Spatial Audio, over the summer.
Published on Dec 01, 2021 08:16 PM IST
SBI expects growth to top 9.5% in FY22 as private investment accelerates
Growth clocked 8.4% in the second quarter of the current fiscal year, data released by India’s National Statistical Office on Tuesday showed, beating expectations.
Published on Dec 01, 2021 06:58 PM IST
Anand Rathi IPO to open tomorrow. Issue dates, price band, other details
Anand Rathi Wealth said on Tuesday it has fixed a price band of ₹530-550 a share for its ₹660-crore IPO.
Published on Dec 01, 2021 04:41 PM IST
hindustantimes.com | Written by Meenakshi Ray, New Delhi
Swiggy nears $700 million fundraise in Invesco-led round
While Invesco will pour in $200 million, other existing investors such as Softbank Group Corporation will also participate. The deal values Swiggy, formally known as Bundl Technologies Pvt., at about $10.5 billion.
Published on Dec 01, 2021 03:52 PM IST
Bloomberg | | Posted by Sharangee Dutta, Hindustan Times, New Delhi
Sensex jumps 620 points to end day at 57,685; Nifty closes in green at 17,167
- IndusInd Bank was the top gainer in the Sensex pack, rising nearly 6 per cent, followed by Axis Bank, SBI, Maruti, Tech Mahindra and Reliance Industries.
Updated on Dec 01, 2021 04:20 PM IST
PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi
GST mop up in Nov at ₹1.31 lakh cr, second highest since rollout
CGST refers to Central Goods and Services Tax, SGST (State Goods and Service Tax) and IGST (Integrated Goods and Services Tax).
Updated on Dec 01, 2021 02:17 PM IST
PTI |
5 changes to affect credit cardholders, salaried employees & pensioners from Dec
- While the rising inflation burns a hole in the common man’s pocket, these new banking rules may dampen your spirits further.
Published on Dec 01, 2021 12:02 PM IST
hindustantimes.com | Written by Sharmita Kar | Edited by Avik Roy, New Delhi
Share of salaried jobs saw worst fall in March qtr since June 2018
- The headline unemployment rate in the March 2021 quarter was 9.4%. This is the lowest since the quarter ending June 2020, which coincided with the 68-day long nation-wide lockdown which was imposed on March 25, 2020.
Updated on Dec 01, 2021 12:39 PM IST
Abhishek Jha
Tega Industries IPO opens today. Key things to know
Tega Industries IPO is purely an offer for sale (OFS) of 1,36,69,478 equity shares by promoters and an existing shareholder.
Published on Dec 01, 2021 11:13 AM IST
hindustantimes.com | Written by Meenakshi Ray, New Delhi