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Work from home to save fuel, Pakistan’s Central Bank tells staff
In a Twitter message Thursday, State Bank of Pakistan told its staff to opt for virtual meetings, car pooling and cutting down on air conditioning. It also suspended purchases of furniture and restricted travel.
Published on Jun 23, 2022 02:15 PM IST
Bloomberg |
India’s RBI seen raising rates twice before weighing a pause: Report
“The question of a pause is unlikely to be widely raised in the next few policy meetings,” Nomura economists Sonal Varma and Aurodeep Nandi wrote in a report to clients.
Published on Jun 23, 2022 01:58 PM IST
Bloomberg |
4-day work week, major change in take-home salary: New labour codes in 5 points
New wage code from July 1? Even if the 4-day work week gets implemented, Indian companies registered under the Factories Act may not be able to reduce the number of working days increasing the number of per-day working hours.
Published on Jun 23, 2022 01:42 PM IST
HT News Desk | Written by Poulomi Ghosh
Markets bounce back in opening session after sharp fall in previous trade
The 30-share BSE Sensex was trading with a gain of 238.73 points at 52,061.26. The NSE Nifty went up by 78.1 points to 15,491.40.
Published on Jun 23, 2022 09:20 AM IST
PTI |
CEO Elon Musk says new Tesla plants are ‘money furnaces’ losing billions
Musk also said in the May 31 interview that Tesla has struggled to quickly increase production in Austin of Model Y SUVs that use the company’s new 4680 cells and structurally integrated battery pack.
Published on Jun 23, 2022 05:43 AM IST
Bloomberg |
Chinese banks to give $2.3 bn to Pakistan 'within days' to aid economy
In a latest update on the agreement, on Wednesday, Pakistan's finance minister Miftah Ismail said that cash inflow under the loan agreement is expected within days, reported Pakistan's local media outlet Dawn.
Published on Jun 23, 2022 04:22 AM IST
ANI | , Islamabad
I-T dept notifies investors to disclose TDS for cryptos, virtual digital assets
From July 1, tax deducted at source (TDS) of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyond ₹10,000 in a year, as the Finance Act 2022 has introduced Section 194S in the I-T Act.
Published on Jun 23, 2022 04:14 AM IST
PTI |
Sri Lanka, deep in debt, sued by bondholder in US over historic default
Sri Lanka was sued in the US by a bondholder after the South Asian nation defaulted on its debt for the first time in history while struggling to stop an economic meltdown.
Published on Jun 23, 2022 01:49 AM IST
Bloomberg |
NFRA penalises Maharashtra firm’s CA for professional misconduct
NFRA issued notice to the chartered accountant (CA) in respect of his professional misconduct as statutory auditor of a Maharashtra-based steel firm in March this year
Published on Jun 22, 2022 09:22 PM IST
‘At 7.5%, India to be fastest-growing major economy this year’: PM Modi
The Brics Business Forum meeting was scheduled a day ahead of the virtual Brics Summit on Thursday that is likely to focus on trade, counter-terrorism, health and environment
Updated on Jun 22, 2022 07:36 PM IST
India will need to invest $223 billion to meet its 2030 climate goals: Study
Corporate commitments from Indian power companies could help India achieve 86% of its 2030 goals of building 500GW of cumulative renewable energy generation capacity, the BloombergNEF report said
Updated on Jun 23, 2022 08:19 AM IST
Jayashree Nandi
Sensex crashes 710 pts to end day at 51,823; Nifty closes session below 15,500
- Tata Steel was the biggest laggard in the Sensex pack, shedding 5.24 per cent, followed by Wipro, Reliance Industries, IndusInd Bank, HCL Technologies, Bajaj Finserv, Titan and Bajaj Finance.
Updated on Jun 22, 2022 05:25 PM IST
PTI |
Delhi airport becomes India’s first to run entirely on hydro and solar energy
Since June 1, around 6 per cent of the airport’s electricity requirement is being met from on-site solar power plants, while the remaining 94 per cent energy is coming from a hydropower plant
Updated on Jun 22, 2022 03:21 PM IST
In opening session, Sensex falls 418 points to 52,114; Nifty trades at 15,508
From the Sensex pack, Bajaj Finserv, Tata Steel, Bajaj Finance, Axis Bank, IndusInd Bank, Tech Mahindra and Bharti Airtel were the major laggards in early trade.
Published on Jun 22, 2022 09:30 AM IST
PTI |
Blockchain payment company Roxe Holdings nears $3.65 billion SPAC deal: report
The deal bucks an unfavorable market environment with cryptocurrencies plunging in value and investors largely losing interest in special purpose acquisition companies (SPACs) of this sort partly because of disappointing returns.
Published on Jun 22, 2022 06:46 AM IST
Reuters |
Pornhub-owner MindGeek CEO, COO resign
- The executives stepping down was planned since early 2022, MindGeek said, adding that both Antoon and Tassillo will remain shareholders of the company.
Published on Jun 22, 2022 05:51 AM IST
Reuters |
Sensex leaps over 900 points to end day at 52,532; Nifty closes below 16,000
- Barring Nestle India, all Sensex components closed in the green. Titan rallied 5.92 per cent, followed by SBI, TCS, HCL Technologies, Dr Reddy's, Tata Steel, Wipro, Infosys, ITC and Tech Mahindra.
Updated on Jun 21, 2022 05:36 PM IST
PTI |
Sensex jumps 438 points in early trade; Nifty tops 15,400
- The BSE benchmark was trading with a gain of 438.48 points to 52,036.32. The NSE Nifty climbed 139.35 points to 15,489.50.
Published on Jun 21, 2022 09:22 AM IST
PTI |
Reliance fined for violating disclosure rules in 2020 Facebook deal
The Securities and Exchange Board of India (SEBI) said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the imminent investment that led to a spike in its shares.
Published on Jun 21, 2022 01:46 AM IST
Reuters |
VR headsets need more than 8K for full human field of view: Mark Zuckerberg
Meta, formerly Facebook, hopes the varifocal technology will underline improvements in its next-generation VR headsets
Published on Jun 20, 2022 07:35 PM IST
Markets end in green as Sensex surges by 237.42 points; Nifty up by 56.65 pts
From the Sensex pack, Hindustan Unilever, HDFC, Wipro, UltraTech Cement, Asian Paints and HDFC Bank were among the biggest gainers. On the other hand, Tata Steel, IndusInd Bank, Reliance Industries, M&M, NTPC and State Bank of India were among the major laggards.
Published on Jun 20, 2022 03:39 PM IST
PTI |
Air India to consider order for 300 narrow-body planes: Report
The carrier is mulling an order of as many as 300 Airbus SE A320neo family jets or Boeing Co. 737 Max planes or a mix of both, the people said, asking not to be identified because the discussions are confidential.
Published on Jun 20, 2022 10:29 AM IST
Bloomberg |
Sensex opens in green at 51,450; Nifty begins session at 15,314
Sensex opens in green at 51,450; Nifty begins session at 15,314.
Published on Jun 20, 2022 09:21 AM IST
Not easy for airline to turn profit in India: IATA official
Philip Goh, Regional Vice President for Asia Pacific of International Air Transport Association (IATA), made the remarks during a press conference at the 78th annual general meeting of the global airlines body.
Published on Jun 19, 2022 10:04 PM IST
PTI |
Bitcoin slides below $20,000 to lowest since December 2020
Bitcoin, the biggest cryptocurrency was last down 7.79% at $18,848, having earlier touched $18,732, its lowest since December 2020.
Updated on Jun 19, 2022 05:03 AM IST
Reuters |
India, EU set to resume free trade talks after 9-year gap
- India has already signed two important free trade agreements this year – with the United Arab Emirates (UAE) and Australia – and is negotiating a comprehensive trade deal with the United Kingdom, the breakaway partner of the EU.
Updated on Jun 19, 2022 01:51 AM IST
Rajeev Jayaswal
Tesla welcome in India but...: Union minister on Elon Musk's plan for EV imports
Tesla has been eyeing the Indian auto market for the past few years but has been unwilling to comply with the Centre's conditions to sell the popular EV range.
Published on Jun 18, 2022 10:55 PM IST
HT News Desk, New Delhi
India's Russian coal purchase spikes as traders offer heavy discounts: Report
Russia, facing severe Western sanctions over its invasion of Ukraine, warned the European Union in April against sweeping sanctions on coal, saying they would backfire as the fuel would be redirected to other markets.
Updated on Jun 18, 2022 06:18 PM IST
Reuters | , New Delhi
Bitcoin breaches $20,000 for the first time since 2020
Bitcoin fell as much as 6% to $19,377.08 at 2:54 pm Hong Kong on Saturday. The largest token by market value has fallen for 12 straight days.
Published on Jun 18, 2022 01:24 PM IST
Bloomberg |
