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Economy

‘High taxes leave aviation chronically ill’

Hero Electric ties up with M&M for EVs

Hero Electric and Mahindra & Mahindra (M&M) on Wednesday announced a collaboration for joint production, development and knowledge sharing in

Chola floats 3 loan units, partners fintech firms

Picks up 70% in Payswiff for ₹450 cr.

Tata Motors rolls out CNG-fuelled Tiago, Tigor

Offers iCNG tech in both PV models

BharatPe MD Ashneer Grover takes voluntary leave till March-end

Grover was recently embroiled in a controversy over purportedly using abusive language against Kotak Mahindra Bank staff

Symphony Technology Group rebrands McAfee, FireEye combine as Trellix

Symphony Technology Group (STG), a California-based private equity firm, has merged two of its recent acquisitions, McAfee Enterprise and FireEye and

Rupee snaps 3-day losing streak, settles 14 paise higher at 74.44 against USD

"The Indian rupee gained the most in a week.”

Sensex, Nifty tanks around 1 % as rate hike worries hit global equities

Infosys fell the most among Sensex stocks.

Microsoft to buy ‘Call of Duty’ maker Activision Blizzard for $69 billion

The acquisition will accelerate the growth in Microsoft’s gaming business, making it the world’s third-largest gaming firm by revenue, behind Tencent and Sony, after the deal closes.

Reliance Jio topples BSNL as largest fixed line broadband provider

Jio started commercial roll out of fixed line broadband service, JioFibre, in September 2019

Lupin ties up with China’s Fancoo Pharma

“Lupin is committed to serving the healthcare needs of the Chinese population by providing high quality products”

Tesla investors urge judge to order Musk repay $13 billion for SolarCity deal

The lawsuit by union pension funds and asset managers alleges that Musk strong-armed the Tesla board into approving the deal for the cash-strapped SolarCity, in which Musk was the top shareholder.

Nazara to acquire majority stake in Datawrkz

It will acquire a 33% stake in the first tranche by April 2022.

Mercedes-Benz’s Piyush Arora to be new MD of Škoda Auto VW India

Mr. Arora has been working in the automotive industry for more than 30 years.

Reliance Jio prepays ₹30,791 crore towards spectrum acquisition dues

RJIL had executed the first tranche of prepayment in the month of October 2021 pertaining to spectrum acquired in the auction in 2016

Sensex declines by over 200 points in opening trade amid weak global trends

The 30-share barometer dropped by 208.38 points to 60,546.48 in opening trade

AT&T, Verizon to delay launch of 5G services after airlines raise alarm

Airlines want the new service to be banned within two miles of airport runways

OPEC sees well supported oil market in 2022, despite Omicron

OPEC on Tuesday stuck to its forecast for robust growth in world oil demand in 2022 despite the Omicron coronavirus variant and expected interest-rate

‘Cyberattacks surge as COVID spurs digital push’

Ransomware incidents rose 151%: WEF

Twin Star goes to SC over its Videocon bid

Vedanta Chairman Anil Agarwal-promoted Twin Star Technologies has moved the Supreme Court challenging the NCLAT’s order that set aside its

Cost of States’ debt funds surges to 7.24%

States are shelling out more for debt funds, with the weighted average cost for their debt auctions hardening by 9 basis points to touch 7.24%, the

‘Chunk of workforce for shifting jobs’

Notwithstanding the pandemic, India’s workforce is optimistic about the future of work, and a significant percentage of professionals are considering

Oil rises past 7-year high on supply fears

Brent jumps to highest level since October 2014; analysts see shortfalls pushing prices to $100 a barrel

Reliance Retail buys 54% in Addverb Tech

Reliance Retail has acquired a 54% stake in domestic robotics company Addverb for $132 million (about ₹983 crore), a senior official of the robotic

India extends another $500 million LoC to Sri Lanka for emergency fuel import

India on Tuesday extended a $500 million-Line of Credit (LOC) to Sri Lanka for urgent fuel imports, days after providing $900 million relief to the

Dixon, boAt form JV for audio items

Imagine Marketing, which manufactures products under the brand ‘boAt’, on Tuesday announced a 50-50 joint venture with Dixon Technologies for the

Tata Motors increases PV prices

Tata Motors Ltd. has announced a price increase of 0.9% on an average on its passenger vehicles (PVs) effective January 19. The price increase would

Centre invites applications for IRDAI post

Insurance regulator without a Chairman for over eight months now

Wabco India to be renamed

Wabco India Ltd., which is into advanced braking systems, would be renamed as ZF Commercial Vehicle Control Systems India Ltd. About 99% of

Third wave to dent Housing Finance Companies' asset growth by 200 bps

Crisil sees more organic consolidation

‘Two-pronged strategy to bolster CG Power’

‘Focus on legacy, risk management’

Vikram Dev Dutt to head Air India

The appointment comes at a time the government is in the final stages of handing over the airline to Tata Sons

Sensex tanks 550 points; Nifty slumps below 18,150

Basic Materials, Telecom, Auto, Realty and Metal indices fell up to 2.76%

Rupee slumps 33 paise to close at 74.58 against U.S. dollar

"Higher crude oil prices and risk-off sentiments following a surge in bond yields are enough for the rupee to become the worst-performing currency among Asian currencies."

Interview | Akasa Air: Will get first aircraft in April, flights from May or June, says founder

The country’s newest airline will acquire 18 aircraft in the first year and focus on domestic routes, before launching international flights, says Managing Director and Chief Executive Officer Vinay Dube.

Rupee falls 18 paise to 74.43 against US dollar in early trade

At the interbank foreign exchange, the rupee opened weak at 74.36 against the U.S. dollar, then fell further to 74.43 against the greenback in early deals, registering a decline of 18 paise from the last close

Sensex gains over 135 points in early trade; Nifty tests 18,350

Sun Pharma was the top gainer in the Sensex pack, rising 1.49%, followed by ITC, Tech Mahindra, Bajaj Finserv, Bajaj Finance, PowerGrid and Axis Bank

Exports target of $650 billion within this fiscal achievable: Goyal

Commerce and Industry Minister Piyush Goyal informed that during the current month till January 15, exports have touched $16 billion.

DoT amends telecom licences to enable machine-to-machine communications

The DoT has also added a clause for provisioning of audiotex or interactive voice response service (IVRS) as part of telecom licence

‘Third wave undoes last year’s resumption gains’

Nomura cites fresh curbs as index falls

Uncertainty delays jobs recovery: ILO

The global job market will take longer to recover than previously thought, with unemployment levels set to remain above pre-COVID-19 levels until at

‘Axis closing in on Citi India’s consumer unit’

Axis Bank has emerged as the front runner to buy Citi’s consumer business in India, which is being valued at about $1.5 billion in a planned deal

VA Tech Wabag bags $100 mn contract in UAE

City-based VA Tech Wabag, a water technology multinational firm, has secured its first order in UAE valued at $100 million. The order relates to

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