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Remain on guard: People should be careful and follow all regulations, says the CEA.

‘Economy in better shape than during 2020’s COVID-19 wave’

PTI CEA Subramanian says uncertainty is much lower because of vaccination drive

Higher rural demand to spur growth: Usha International

Yuthika Bhargava Firm to strengthen portfolio to facilitate higher rural share

Major destinations for sugar exports are Indonesia, Afghanistan

Special Correspondent Major destinations for sugar exports from India this season (October 2020 to September 2021) are Indonesia and Afghanistan, according to the Indian

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Image for representational purpose only

Ashok Leyland delivers first lot of light bullet proof vehicles to Indian Air Force

PTI Developed using ‘transfer of technology’ from Lockheed Martin, the vehicles are completely made in India.

A scene at a petrol filling station. File

Transporters' body terms 16 paisa cut in petrol, diesel rates 'ostentatious', seeks more reduction

India has vaccinated only about one in 25 people, compared with nearly one in two in Britain and one in three in the United States.

India remains badly placed to tackle COVID spread, says Fitch Solutions

File photo for representation.

Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

A vial of COVID-19 vaccine COVAXIN. File

Coronavirus | Haffkine Bio-Pharma targets 22.8 crore Covaxin vials a year

A view of the Bombay Stock Exchange building in Mumbai. File.

Sensex, Nifty end marginally higher

PTI Asian Paints was the top gainer in the Sensex pack, rising over 2 %, followed by UltraTech Cement, ONGC, Sun Pharma, HCL Tech and Nestle India.

ALL delivers bullet proof vehicles to IAF

Special Correspondent Ashok Leyland Ltd. (ALL) delivered a first-of-its-kind ‘light bullet proof vehicles’ (LBPV) to the Indian Air Force recently.LBPV is an adopted version of Lockheed Martin’s (LM) next gen common vehicle developed under transfer of technology from LM. It is completely indigenised, ALL said in a statement.“This LBPV is another example of our team’s capability combined with a strong sense of understanding of what is required in arduous conditions,” said Vipin Sondhi, MD & CEO, ALL.“Our mobility

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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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File image. Photo used for representation purpose only.

Rupee zooms 58 paise to settle at 74.35 against US Dollar

PTI At the interbank forex market, the local unit opened at 74.76 against the greenback and witnessed an intra-day high of 74.28 and a low of 74.76.

A view of the Bombay Stock Exchange building in Mumbai. File.

Sensex, Nifty end marginally higher

PTI Asian Paints was the top gainer in the Sensex pack, rising over 2 %, followed by UltraTech Cement, ONGC, Sun Pharma, HCL Tech and Nestle India.

Economy

See All

Remain on guard: People should be careful and follow all regulations, says the CEA.

‘Economy in better shape than during 2020’s COVID-19 wave’

PTI CEA Subramanian says uncertainty is much lower because of vaccination drive

A scene at a petrol filling station. File

WPI inflation spikes to over 8-year high of 7.39% in March

PTI Inflation in the fuel and power basket was 10.25 % in March.

Industry

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ALL delivers bullet proof vehicles to IAF

Coronavirus | Bharat Biotech to make 6 crore Covaxin doses by July

Honda Cars to recall 77,954 vehicles to fix faulty fuel pump

U.S. Treasury keeps India on currency watch list

Mindtree net up 54%, to pay ₹17.5 dividend

Major destinations for sugar exports are Indonesia, Afghanistan

Quess to buy ₹208-crore stake in Conneqt

Quess Corp, a business services platform, said it will acquire the residual 30% equity stake in Conneqt Business Solutions from Tata Sons for ₹208

Higher rural demand to spur growth: Usha International

Firm to strengthen portfolio to facilitate higher rural share

DoT gets ₹2,306.97 cr, from Jio, Airtel by assigning some spectrum early

The Department of Telecom (DoT) on Friday said it has completed the assignment of frequencies to successful bidders in the recently-concluded spectrum

‘Economy in better shape than during 2020’s COVID-19 wave’

CEA Subramanian says uncertainty is much lower because of vaccination drive

Central support for Bharat Biotech, 3 PSEs to augment Covaxin supplies

The Centre has announced financial support to Covaxin maker Bharat Biotech as well as roped in Haffkine Bio-Pharmaceutical Corporation, Indian

Quess Corp to acquire remaining 30% stake in Conneqt from Tata Sons for ₹208 crore

Quess had acquired 51% of Conneqt in November 2017 and further increased its stake in Conneqt from 51% to 70% in May 2019 via infusion of primary capital.

India remains badly placed to tackle COVID spread, says Fitch Solutions

The agency flags inadequate public spending in healthcare.

Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

Turkey's central bank bannedthe use of cryptocurrencies and crypto assets to purchase goodsand services, citing "irrepairable" possible damages and

Coronavirus | Haffkine Bio-Pharma targets 22.8 crore Covaxin vials a year

It will be at least a year before the company begins actual production.

Ashok Leyland delivers first lot of light bullet proof vehicles to Indian Air Force

Developed using ‘transfer of technology’ from Lockheed Martin, the vehicles are completely made in India.

Transporters' body terms 16 paisa cut in petrol, diesel rates 'ostentatious', seeks more reduction

Transporters' body AIMTC on Friday termed the recent 14-16 paise per litre cut in petrol and diesel prices across major cities as "ostentatious", and

Rupee zooms 58 paise to settle at 74.35 against US Dollar

At the interbank forex market, the local unit opened at 74.76 against the greenback and witnessed an intra-day high of 74.28 and a low of 74.76.

Sensex, Nifty end marginally higher

Asian Paints was the top gainer in the Sensex pack, rising over 2 %, followed by UltraTech Cement, ONGC, Sun Pharma, HCL Tech and Nestle India.

Gold, silver marginally up

Gold prices rose marginally by ₹ 9 to ₹ 46,431 per 10 gram in the national capital on Friday, according to HDFC Securities. In the previous trade,

Maruti Suzuki hikes model prices by up to ₹ 22,500 to offset rise in input costs

The new prices are effective from Friday, MSI said.

Turkey bans use of cryptocurrencies for payments

A growing boom in Turkey's crypto market had gained further pace recently, with investors hoping to both gain from bitcoin's rally and shelter against inflation

Bezos says Amazon needs to do better for employees in last investor letter as CEO

Amazon, the second-largest private employer in America, hasbeen criticized by some of its 800,000 employees for havingharsh working conditions

Amazon asks Indian court to not resume antitrust probe

The Competition Commission of India (CCI) order of investigation into Amazon and Walmart's Flipkart in January 2020 followed a complaint from a trader group, but a court put it on hold in February last year after the companies argued there was no evidence they were harming competition

Today's top business news: Shares rise on robust IT earnings, monsoon rains forecast to be average in 2021, second wave of COVID-19 poses risk to economic recovery, and more

Updates from the world of economy, markets, and finance

March exports rise 60%, trade deficit widens

The country’s exports jumped 60.3% to $34.45 billion in March even as the outbound shipments contracted by 7.26% during the 2020-21 fiscal to $290.63

Citi to exit retail banking in India, China

Citigroup announced it will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in

Bond yield spikes as RBI’s purchase disappoints

‘RBI was expected to buy more paper’

Four entities apply for ‘on tap’ licensing of Universal Banks

UAE Exchange and Financial Services Ltd; The Repatriates Cooperative Finance and Development Bank Ltd (REPCO Bank); Chaitanya India Fin Credit Private

HMSI’s new‘Overseas Business’ vertical to make India an export hub

Honda Motorcycle & Scooter India (HMSI) on Thursday said it had established an ‘Overseas Business’ expansion vertical for spearheading the

RBI sets up authority to review regulations

Its objective is to simplify norms

Amazon India announces $250mn venture fund

Amazon India on Thursday announced a $250 million venture fund that will invest in start-ups which focus on technology innovations for digitisation of

Bajaj Auto closes bookings for Chetak EV

Firm cites COVID-led supply-chain issues

Piramal Retail Finance forays into consumer, used-car loans

Piramal Retail Finance, a business of Piramal Capital and Housing Finance Ltd, a subsidiary of Piramal Enterprises Ltd., has announced the expansion

NPS to ease entry age norms

The National Pension System (NPS) is set to get more fund managers and expand the age-related entry criteria for investors, even as more employers are

Coronavirus | Mumbai-based Haffkine gets Centre’s nod to produce Covaxin

Haffkine Biopharma Corporation, Mumbai, has received permission from the Union government to manufacture Covaxin, an anti-coronavirus vaccine of

NMDC increases iron ore prices

NMDC Ltd. has increased iron ore prices by ₹1,100 per tonne of lump and by ₹500 for the same quantity of fines. This is the second increase this month

Wipro Q4 net rises 28% on volume growth

‘Q1 revenue to grow 2-4% sequentially’

Second wave may stall aviation recovery: Crisil

‘Airlines may log net loss of ₹10,000-cr.’

IL&FS lifts debt recovery target by ₹5,000 crore

‘Raised estimate is 62% of total debt’

WPI inflation quickens to a record 7.4%

Economists expect further acceleration in wholesale prices, partial transmission into CPI inflation

Godrej Appliances unveils new AC range

Godrej Appliances, a business of Godrej & Boyce, has introduced its range of 100% Made in India eco-friendly air conditioners with the added

Funskool India launches 40 new products

Funskool India Ltd, a MRF Group company, has launched 40 new products across various categories ranging from infant and preschool toys, traditional

Apollo steps into truck-bus tyre segment in U.S.,Canada

As part of its North American expansion, Apollo Tyres Ltd. has entered the truck-bus tyre segment in the U.S. and Canada. Earlier, the tyre major

Truecaller unveils enterprise solutions for business

Caller-identification application Truecaller on Thursday announced a new solution for enterprises, which will allow businesses to verify their

Skoodle plans toy lab to enhance ‘play-and-learn’

Skoodle, a toys and school and office-stationery brand, is planning to set up a toy lab in India to enhance play-and-learn value in children of

MultiLiving to expand in Mumbai, to 5 other cities

MultiLiving Technologies, a residential real estate tech platform offering rental and subscription-based services, said it planned to scale up its

Rupee gains 12 paise to close at 74.93 against U.S. dollar

The 30-share BSE Sensex advanced 259.62 points or 0.53% lower to close at 48,803.68.

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