Category: Economy & Finance News

Ace javelin thrower and Olympics gold medallist Neeraj Chopra created a new national record for the second time in a month with a throw of 89.94 metres at the Stockholm Diamond League, in his first round. Chopra finished second after Anderson Peters of Grenada, who threw 90.31 metres on his third attempt. His throw of 89.94 metres was a meet record before

Just about a fortnight after industrialist Rajiv Bajaj blamed the policy environment for encouraging “upstart” electric vehicle (EV) players who failed to ensure necessary quality checks leading to multiple instances of two-wheelers catching fire, a probe panel set up by the government seems to have validated his observations. The expert committee has

On June 29, the value of bitcoin briefly dropped below the $20,000 mark. For a second time in the same month, investors witnessed a decline in bitcoin’s value when on June 13, bitcoin’s value fell below $25,000. As a result, investors were again left exposed to volatile market conditions. “The sudden dip in bitcoin should be held responsible for inflation

Flipkart Grocery, which made inroads in about 1,800 Indian towns in December 2021, has already seen the demand from non-metros match the demand from all metro cities put together despite several teething issues, Smrithi Ravichandran, head of grocery business at Flipkart, said. Stressing on the importance of the division at the Walmart-owned company, she said

With India consistently reporting more than 10,000 Covid cases over the past few days, the Centre Wednesday asked states and Union Territories to ensure a random RT-PCR screening of about two per cent passengers in each incoming flight, and send all positive specimens for genomic sequencing. Union Health Secretary Rajesh Bhushan issued the advisory through a

Indian actress Meena’s husband Vidyasagar died at a private hospital in Chennai on Monday. Meena has predominantly worked in Tamil, Telegu, Malayalam, and Kannada film industries as well as in Bollywood films. Her husband Vidyasar was a businessman based out in Bengaluru. Vidyasagar was reportedly suffering from a severe lung infection. According to

The much-awaited acquisition of quick commerce (qCommerce) start-up Blinkit by Zomato was eventually announced last week, which saw the former lose around 40% of its valuation. Blinkit has been playing catch-up with its bigger rival BigBasket for some time now. After operating as a grocery marketplace for nearly three years until 2017 — the business model

Apex Laboratories Pvt. Ltd., a pharmaceutical companies based in Chennai, on Tuesday announced the launched of an advanced form of Itraconazole Capsules Supra Bioavailable 65 and 130 mg, a potent therapeutic choice to effectively control fungal infections. According to the company’s Supra Bioavailable Itraconazole capsules deliver a higher percentage

Tencent-backed Udaan has laid off 180 employees in a move to “reinvent its business model and keep up with changing market conditions”, a source told FE. The business-to-business (B2B) trade platform sacked staff across teams such as sales and on-field executives. It, however, said it was extending medical insurance and other benefits to the employees

Asset and wealth management company ASK Group (ASK), has unveiled its new corporate identity. As per the company, ASK is embarking on a rebranding to align its brand identity with its strategic vision. The new brand identity centers on ‘What Matters Most’ for all of ASK’s stakeholders, the company added. ASK worked with Landor & Fitch, a global brand

By Nupur Pavan Bang Book: The Ambuja Story: How a Group of Ordinary Men Created an Extraordinary CompanyAuthor: Narotam SekhsariaPrice: 699/-Pages: 368Year: 2022Publisher: Harper Business, India Efficiency is the name of the game: Once upon a time, there was a boy, named Narotam. He was born in a Marwari family in Chirawa, Rajasthan. His family took him to

Prime Minister Narendra Modi on Sunday praised the contributions of the diaspora in promoting India’s growth story and acting as brand ambassadors of the country’s success as he interacted with them here in Germany. Addressing the Indian diaspora during a massive event at the Audi Dome indoor arena, he highlighted India’s growth story and

After a temporary pause, asset management companies are gearing up to launch new mutual fund schemes from the next month as capital markets regulator Sebi’s three-month ban on the introduction of new fund offerings nears its end. Moreover, asset management companies (AMCs) have a line-up of passive funds on the fixed income and equity side as well as

Hope amid despair, freedom over slavery, some of the plays to be staged in this year’s edition of Mahindra Excellence in Theatre Awards (META) are gripping and inspiring. But what is equally promising is the fact that the dedicated platform for Indian theatre is back on the ground after two virtual editions amid the Covid-19 pandemic. Once again, META

Flipkart, India’s homegrown e-commerce marketplace, on Saturday said it signed a Memorandum of Understanding (MoU) with the Society for Elimination of Rural Poverty (SERP), Telangana to enable market access for Farmer Producer Organisations (FPOs) and Self-Help Groups (SHGs) in the state. The MoU was exchanged between Sandeep Kumar Sultania, Principal

India on Friday reported 17,336 new Covid-19 cases, registering 30% increase in the daily count. The total active caseload in the country now stands at 88,284. The weekly positivity rate is 3.07%, while the daily positivity rate has risen to 4.32%. The total number of samples tested are 4,01,649. The country reported 13,313 new Covid cases on Thursday with

Johnson & Johnson’s $230 million blood pressure bet has hit the mark in the phase 3 clinical trial. According to reports, the treatment “significantly” reduced blood pressure in patients with resistant hypertension. According to reports, Johnson & Johnson chose the development of the dual endothelin receptor antagonist aprocitentan in

India said it is ready to provide assistance and support to the people of Afghanistan in their hour of need as a devastating earthquake killed nearly 1000 people, destroyed houses and displaced several. “At the outset, I express our deepest condolences to the victims and their families, and to all those impacted by the devastating earthquake in

A swift shift from fossil fuels to clean energy could lead to creation of 1.5 crore new jobs in India by 2025 and increase savings on electricity bills, a new report released ahead of the G-7 leaders’ summit said on Thursday. The report, ‘Creating Jobs and Cutting Bills: the economic opportunities of a clean energy transition’, published by

Ed-tech firm UOLO, that connect schools, parents, and students has announced the appointment of Amit Ranjan, as its product head. Ranjan, who has a track record of driving business growth and product development, joins UOLO, bringing his strong vision to transform the brand’s personality, as well as developing team-building strategies and overseeing

The board of directors of Zomato will meet on June 24 to likely approve the acquisition of e-grocery startup Blinkit (formerly Grofers). While Zomato, in a regulatory filing on Wednesday, did not say whether the upcoming board meet was related to the Blinkit deal, it just said that it is to discuss a potential acquisition. “Pursuant to Regulation 29 of

After last week’s meltdown that erased nearly $2 trillion from the S&P 500, the US equities rebounded on Tuesday, the first day of the trading week as Monday markets were closed on account of Juneteenth. On June 21, the S&P 500 added 2.4%, led by energy and consumer discretionary stocks, while the Nasdaq 100 jumped 2.5% after the long weekend. Revlon

Benchmark indices rose for the second straight day on Tuesday, as investors lapped up beaten down quality stocks on firm global cues. Softening crude oil prices further boosted the investor sentiment. Barring China, most Asian indices gained in Tuesday’s trade, with Taiwan TAIEX and Hang Seng climbing 2.4% and 1.9%, respectively. While the Nikkei 225 gained

Wall Street’s major indexes climbed on Tuesday as investors scooped up shares of megacap growth and energy companies that were hammered in a rout last week on worries over a global economic downturn. All the 11 major S&P sectors advanced in the short-term rebound. The S&P 500 and the Nasdaq are still in bear market, with the benchmark index

Sanskriti University has partnered with many international universities including Global Universities EC Council University USA, University of Fredericton Canada,

and Caucasus University Georgia to enhance skill based curriculum and research culture.

The collaborations aim to increase cooperation between the partner universities in

We reiterate our Buy rating on Cera Sanitaryware (CRS) led by continued healthy demand environment aided by pick-up in the residential housing market and also from home improvement market. Our interaction with dealers and management indicates continued demand tailwind even in Q1 in the core segments of sanitaryware and faucetware. Margins should also remain

Vodafone Idea’s Board is scheduled to meet on June 22, to consider and approve a proposal for raising funds to the tune of Rs 500 crore.The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company).“… A meeting

The Union mines ministry is considering a proposal to exclude royalty and other levies from the average sale price (ASP) of non-coal minerals such as iron ore, limestone and bauxite to encourage investments in the sector. The idea is to avoid cascading of taxes, that is levy of tax on tax. Royalty is currently being paid on ASP, which already includes

A year after the government headhunter failed to find any suitable candidate for top job at ONGC, the oil ministry has proposed raising of eligibility age as well as a shorter tenure for the new chairman and managing director of India’s top oil and gas producer. The ministry has proposed that any candidate to be eligible for consideration should not be

Father’s Day 2022: Gen S, or Sandwich generation, fathers have to play the dual responsibility of caring for elderly parents and simultaneously planning for their children’s future. Taking care of funds and goals of two generations, including one’s own, needs more meticulous financial planning. However, studies have shown that when it comes to keeping