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Automakers are now looking at developing direct relationships with semiconductor makers, said Mark Wakefield, co-leader of AlixPartners' global automotive practice

Sensex ends marginally higher; Nifty stays below 14,700

Equity benchmark Sensex ended marginally higher after a choppy session on Friday as concerns over the economic impact of the second wave of COVID-19

Rupee rises 13 paise to settle at 73.29 against US dollar

The Indian rupee strengthened by 13 paise to end at 73.29 (provisional) against the US dollar on Friday, tracking weaker American currency in the

Ethereum co-founder donates over $1 billion in cryptocurrency towards India’s COVID-19 relief

Buterin also donated $0.6 million to the fund in the form of ether and maker tokens earlier in April, according to a Forbes report.

Rupee opens on flat note, rises 6 paise to 73.36 against U.S. dollar in early trade

The forex market was closed on Thursday for Id-Ul-Fitr.

RBI cancels licence of West Bengal-based United Cooperative Bank

The bank ceases to carry on banking business, with effect from the close of business on May 13, 2021.

Today's top business news: Stocks flat, fuel prices rise again to reach record highs, Ethereum co-founder donates over $1 billion in cryptocurrency towards India’s COVID-19 relief, and more

Updates from the world of economy, markets, and finance

Vedanta posts ₹6,432 cr. Q4 net on better volumes

It logged ₹12,521-cr. loss a year earlier

Happiest Minds’ Q4 net profit soars to ₹36 crore

Tech firm Happiest Minds reported a net profit of ₹36 crore for the quarter ended March 2021 as against ₹5.3 crore in the year-earlier period. The

Blue Dart eyes drones to deliver vaccines

Special CorrespondentBlue Dart has announced the formation of ‘Blue Dart Med-Express Consortium’ for delivery of vaccines and emergency medical

‘Stalled projects’ completion is stimulus’

Centre’s push to help fund stranded housing projects lends boost to realty, core sectors: Sitharaman

Budget airline GoAir rebrands as Go First

GoAir will now be known as Go First, in rebranding itself as an ultra low-cost carrier, the airline said on Thursday. The airline is in the process of

Private equity, venture capital flows grow sixfold on low base

April sees 67 deals fetch $7.5 billion; e-com logs $3.7 billion

‘Lockdowns to dent gold sales on Akshaya Tritiya’

Dealers pin hopes on digital demand

‘HNIs invest in stocks, stay off fixed income, real estate’

Wealth managers see interest in start-ups, gold as hedge

Put FCRA on hold to ease relief flow, Nasscom plea to PM

IT body urges emergency nod for all WHO-approved vaccines

Italy fines Google $123 million for abuse of dominant position

The regulator said Google did not allow JuicePass, an EV services app from Enel X, to operate on Android Auto - which allows apps to be used while driving - unfairly limiting its use while favouring Google Maps.

Samsung boosts non-memory chip investment to $151 billion as S.Korea offers bigger tax breaks

Some 153 chip companies including global No.1 and 2 memory chip makers Samsung and SK Hynix already have plans to invest a combined 510 trillion won or more between this year and 2030.

MSN Labs inks pact with Eli Lilly to make, market COVID drug Baricitinib

MSN Labs has joined a small, but growing list of drugmakers in India with whom US pharma giant Eli Lilly has got into royalty free, non-exclusive,

Tesla suspends vehicle purchases using Bitcoin

Tesla began accepting the world’s most-traded digital currency as payment in February this year

India received $83 billion in remittances in 2020, says World Bank report

The report said India’s remittances fell by just 0.2% in 2020, with much of the decline due to a 17% drop in remittances from the United Arab Emirates

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Updates from the world of economy, markets, and finance

April fuel sales decline 9.4% on COVID wave

Diesel slides 9% from April-2019 level

JSPL Q4 net profit surges to ₹1,901 crore

Jindal Steel & Power Ltd. (JSPL) reported its fourth-quarter consolidated net profit surged to ₹1,901 crore compared with ₹82 crore in the

Amrutanjan eyes bigger pie in personal hygiene

Aims to boost Comfy brand offerings

Inflation eases to 4.29%; base lifts IIP

Softer food prices spur April CPI-based inflation to 3-month low, March industrial output jumps 22.4%

Eroute receives RBI nod to offer prepaid instruments

The Reserve Bank of India (RBI) has authorised fintech firm Eroute Technologies Pvt. Ltd. to start operations of semi-closed, pre-paid instruments in

Office rentals decline in Mumbai, Bengaluru: Knight Frank

The prime office space market in Mumbai & Bengaluru witnessed 0.8% and 3% decline in rentals quarter-on-quarter in the January-March period while

OYO offers employees ‘infinite paid leave’ until July

OYO, an hotels, homes and living spaces aggregator, announced ‘no reason asked,’ infinite paid leave for its employees until the end of July. The

Ericsson to pay $97 mln to Nokia for after settling damages claim

Ericsson said on Wednesday the settlement would impact operating profit (EBIT) by 80 million euros and cash flow by 26 million euros in the second quarter.

Amazon wins court fight against $303 mln EU tax order

The Amazon ruling is a setback for European Competition Commissioner Margrethe Vestager, who has aggressively used the bloc's state aid rules to tackle sweetheart tax deals between multinationals and EU countries

U.S. removes Xiaomi from blacklist, reversing late China jab by Trump

The department had designated the firm as having ties to China's military and placed it on a list that would restrict U.S. investment in the company

Rupee falls by 8 paise to close at 73.42 against US dollar

The rupee declined by 8 paise to close at 73.42 (provisional) against the US currency on Wednesday amid risk aversion in the global markets and surge