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Reliance Industries Chairman Mukesh Ambani. File photo

Reliance has raised ₹3.24 lakh crore capital, says Ambani

PTI This was done through the sale of stake in digital unit Jio Platforms and retail venture, rights issue and asset monetisation.

1hr

Image for representative purposes only.

Rupee gains for 2nd straight day, settles 9 paise higher at 74.18/U.S. dollar

PTI At the interbank forex market, the rupee opened at 74.20, and hit an intra-day high of 74.16 and a low of 74.25.

2hrs

‘States’ reopening not prudent as vaccination rates still low’

PTI Using test positivity as guiding factor may create challenges: Oxford Economics

Mukesh Ambani. File

Mukesh Ambani announces ₹75,000 crore investment in clean energy

PTI Addressing the company’s annual shareholder meeting, he said Reliance will set up 100GW of solar power generating capacity.

1hr

Centre further eases norms for voice-based BPOs

Paytm extends deadline for shareholders to submit documents for share sale to June 30

6hrs

German car-parts firm ZF exits Brakes India

TII to spend ₹250 cr. in capex

High raw material prices threaten survival of MSMEs

Special Correspondent Industry group urges nil duty on import of steel materials

HDFC Bank’s key strategy is digital marketing: MD

Special Correspondent ‘Steps taken to fix credit-card glitches’

Bulk transportation of mangoes resuming at a mandi in western Chittoor district in view of the relaxation in the lockdown.

Moody's cuts India's growth forecast for 2021 to 9.6%

PTI Moody's said faster vaccination progress will be paramount in restricting economic losses to the current quarter

Opinion & Analysis

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A Budget that fails to address the hunger pandemic

Dipa Sinha In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all

A promising Budget with a few disappointments

M.Govinda Rao While the Budget promises to revive the economy faster, it continues to emphasise the protectionist trend

The Finance Minister has delivered, but the road ahead is long: on Union Budget 2021

Ananth Narayan This Budget scores very high marks on credibility and on its potential to create domestic output and jobs, but much more remains to be done

Markets

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Image for representative purposes only.

Rupee gains for 2nd straight day, settles 9 paise higher at 74.18/U.S. dollar

PTI At the interbank forex market, the rupee opened at 74.20, and hit an intra-day high of 74.16 and a low of 74.25.

2hrs

Image for representational purpose only.

Rupee rises 9 paise to 74.18 against U.S. dollar in early trade

PTI Asian currencies have started weak against the greenback this morning.

Economy

See All

‘States’ reopening not prudent as vaccination rates still low’

PTI Using test positivity as guiding factor may create challenges: Oxford Economics

Bulk transportation of mangoes resuming at a mandi in western Chittoor district in view of the relaxation in the lockdown.

Moody's cuts India's growth forecast for 2021 to 9.6%

PTI Moody's said faster vaccination progress will be paramount in restricting economic losses to the current quarter

Industry

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U.S. lobby group views India's e-commerce plan as worrying

Visa to buy Swedish fintech Tink for $2.2 billion

Bezos' 2021 Space Odyssey a risk too far for insurers

Mukesh Ambani announces ₹75,000 crore investment in clean energy

Global electronics firms Foxconn, Flex, Jabil, Sanmina among 29 register under telecom PLI

Reliance has raised ₹3.24 lakh crore capital, says Ambani

Sensex rallies 393 points amid firm global cues; IT stocks shine

Infosys was the top gainer in the Sensex pack, rising over 3%, followed by TCS, Tech Mahindra, HCL Tech and Asian Paints

Rupee gains for 2nd straight day, settles 9 paise higher at 74.18/U.S. dollar

At the interbank forex market, the rupee opened at 74.20, and hit an intra-day high of 74.16 and a low of 74.25.

‘JioPhone Next’ to be most affordable smartphone; will be available from Sept 10: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani on Thursday announced ‘JioPhone Next’, a power-packed affordable smartphone that has been jointly

Saudi Aramco chairman to join Reliance Industries board

Reliance Industries expects Saudi Aramco deal to formalise this year

Paytm extends deadline for shareholders to submit documents for share sale to June 30

The equity holders had expressed concern about inability to meet the timeline of June 22, for submission of requisite documents, as per the notice.

Rupee rises 9 paise to 74.18 against U.S. dollar in early trade

Asian currencies have started weak against the greenback this morning.

FlyBig to operate in Agartala sector from June 25

It already linked air destinations of Arunachal and Meghalaya with Guwahati

Gujarat to boost usage of electric vehicles

To boost usage of electric vehicles in the State, the Gujarat government on Tuesday announced a four-year policy with an outlay of ₹870 crore to

Apollo Hospitals Q4 net shrinks 44%

Apollo Hospitals Enterprise Ltd. (AHEL) reported standalone net profit for the fourth quarter ended March shrank 44%43.8% to ₹116 crore. Revenue

Tata Motors names Wagh as ED, MD to leave

Tata Motors has announced that Guenter Butschek, MD & CEO, would relocate to Germany at the end of the contract for personal reasons, and would

Centre further eases norms for voice-based BPOs

To help consolidate India’s position globally, lower costs

High raw material prices threaten survival of MSMEs

Industry group urges nil duty on import of steel materials

HDFC Bank’s key strategy is digital marketing: MD

‘Steps taken to fix credit-card glitches’

TII to spend ₹250 cr. in capex

Firm to focus on electric 3-wheelers, expansion plans

German car-parts firm ZF exits Brakes India

Licence, tech agreements to continue

Coronavirus | States reopening not prudent as vaccination rates still low: Oxford Economics

Using test positivity as guiding factor may create challenges: Oxford Economics

FMCG logs rise in sales after Unlock 2.0

Discretionary food, personal care will see the sharpest recovery: Edelweiss’s Roy

FICCI urges govt. to support tourism, hospitality industry

It has appealed for a moratorium on all working capital, principal, interest payments, loans and overdrafts which ended in August 2020, to be extended by another one year.

Rupee snaps 2-day losing streak, closes up by 10 paise at 74.27 against U.S. dollar

At the interbank forex market, the local unit opened at 74.26 against the greenback and witnessed an intra-day high of 74.07 and a low of 74.39

Sensex drops 283 pts; Nifty ends below 15,700

Kotak Bank was the top loser in the Sensex pack, shedding over 1%.

All you need to know about new TDS norms from July 1

Rules mandate tax deduction at a higher rate in case I-T returns are not filed by specified persons.

Moody's cuts India's growth forecast for 2021 to 9.6%

Moody's said faster vaccination progress will be paramount in restricting economic losses to the current quarter

Rupee surges 12 paise to 74.25 against US dollar in early trade

On Tuesday, the rupee had settled at 74.37 against the US dollar

Sensex jumps over 100 pts in early trade; Nifty tops 15,800

IndusInd Bank was the top gainer in the Sensex pack, rising over 1%.

KLP divests Adani stake on Myanmar army links

Nordic fund had put $1 mn in port unit

FM Nirmala Sitharaman asks Infosys to fix all issues on new I-T portal on priority; 5 glitches to be resolved in a week

The Ministry had received more than 700 emails from stakeholders detailing over 2,000 issues, including 90 unique issues/problems with the new portal

‘New utility to aid checks for I-T compliance’

The Income Tax Department on Tuesday said its new utility, developed to help TDS deductors and TCS collectors identify non-filers or ‘specified

‘States’ debt costs rise as yields hit 7%‘

Despite the ₹10,000-crore liquidity infusion through the G-Sap route by the RBI last week and fewer States tapping the bond markets, their cost of

Sun Pharma, Celgene to settle patent row over anti-cancer drug

Sun Pharmaceutical Industries has reached an agreement with innovator Celgene Corporation, which is a Bristol Myers Squibb subsidiary, to resolve

‘Retail interest in stocks to spur infra’

Increasing retail participation in the stock market — assuming it is here to stay — could enable a larger resource pool for financing India’s

Scant supply, demand surge boost ginger prices

Spot prices touch ₹2,300 a 60-kg bag

NMDC net, revenue leap on robust ore demand

Mining rally to continue in FY22: Deb

‘Tech firms compelled to pay digital workers higher salaries’

‘Employee churn, through roles, is no option in digital’

DRL unveils drug in U.S. to lower triglyceride levels

Dr. Reddy’s Laboratories has unveiled Icosapent Ethyl Capsules, 1 gm, in the U.S. market. The product has received the U.S. Food and Drug

‘Tying reforms, incentives helped widen adoption’

PM cites States’ extra FY21 borrowings

PayMate to foray into Saudi Arabia, Oman, starts invoice discounting

PayMate, a business-to-business payment fintech firm, has announced the expansion of its services to Saudi Arabia and Oman after entering the UAE

Wipro Lighting partners Enlighted for smarter workplaces

Wipro Lighting, a lighting and Internet of Lighting (IoL) solutions firm, has partnered Enlighted, a provider of Internet of Things (IoT) solutions

Google drops engineering residency after protests over 'inequities'

Google confirmed it was replacing the Engineering Residency with a new initiative, saying it is "always evaluating programs to ensure they evolve and adapt over time to meet the needs of our employees."

How technology weaves a stronger silk supply chain

Karnataka-based silk agritech startup ReshaMandi is helping to bring different strands of the industry together through IoT and other app-based services

EU top court hands win to YouTube in user copyright fight

The case marks the latest development in a long-running battle between Europe's $1 trillion creative industry and online platforms, with the former seeking compensation or action from the latter for unauthorised works that are uploaded.

What's happening with Tesla's $7 billion German 'gigafactory'?

The environmental agency in Brandenburg, the state where the 5.8 billion euro ($6.9 billion) plant is being built, has still not given final approval - meaning a further delay cannot be ruled out, even into 2022.

Sensex ends flat, retreats from 53K mark on profit-booking

Maruti was the top gainer in the Sensex pack, rallying over 5%, followed by L&T, UltraTech Cement, TCS and Titan

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