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Toyota Kirloskar Motor senior VP Naveen Soni acknowledged that localised restrictions have hit order flow and delivery schedules. File Photo.

Auto firms fear impact of COVID-19 on sales

PTI ‘Cases, buyer sentiment hit order flow’

Over 50% of adults don’t know how to protect themselves from cybercrime: survey

Special Correspondent The findings come in the backdrop of 59% of adults in India becoming victims of cybercrime in the past 12 months.

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

Sensex tanks 883 points as rising COVID-19 cases spooks market; Nifty below 14,400

PTI BSE Sensex ended 882.61 points or 1.81% lower at 47,949.42; NSE Nifty tanked 258.40 points or 1.77% to 14,359.45

Representational image.

Gold jumps ₹411; silver gains ₹338

PTI Gold rallied by ₹411 to ₹47,291 per 10 gram; Silver gained ₹338 to ₹68,335 per kilogram

Representational image.

Rupee drops by 52 paise to 74.87 against U.S. dollar

Toyota Motor Corp said it would review its lobbying and be more transparent on what steps it is taking as it faces increased activist and investor pressure.

Toyota to review climate stance as investors turn up the heat

Union Finance Minister Nirmala Sitharaman. File

Govt. working to save lives, livelihood: FM tells India Inc

Reap more than you sow

Representational image.

Rupee slumps 52 paise to 74.87 against U.S. dollar in early trade

PTI On April 16, the rupee had settled at 74.35 against the American currency

Are you an investor doing fundamental analysis?

Venkatesh Bangaruswamy It is generally argued that a trader has a short-term outlook whereas an investor has a long-term outlook.

Tax, Tax Form, Refund, Coin, Currency

Is compensation received for land acquired by govt. taxable?

N. Sree Kanth TDS deducted by your client is different from your tax liability.

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

Sensex tanks 883 points as rising COVID-19 cases spooks market; Nifty below 14,400

PTI BSE Sensex ended 882.61 points or 1.81% lower at 47,949.42; NSE Nifty tanked 258.40 points or 1.77% to 14,359.45

Representational image.

Rupee drops by 52 paise to 74.87 against U.S. dollar

PTI At the interbank forex market, the local unit opened at 74.80 against the greenback and traded in the range of 74.79 to 75.05 during the day

Economy

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Union Finance Minister Nirmala Sitharaman. File

Govt. working to save lives, livelihood: FM Nirmala Sitharaman tells India Inc.

PTI Ms. Sitharaman sought feedback from businesses to deal with the impact of the second COVID-19 wave on the country's economy

Rajiv Kumar, Vice-Chairman of NITI Aayog. File

COVID-19 Second COVID-19 wave could spark greater uncertainty: NITI Aayog Vice-Chairman

PTI Govt will respond with fiscal steps if required, says NITI Aayog Vice-Chairman Rajiv Kumar

Industry

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HCL Tech wins order from UD Trucks

RBI sets up committee to review working of ARCs

Sugar demand falters in peak season due to virus curbs

Auto firms fear impact of COVID-19 on sales

‘Recovery in fuel demand may be hit’

Razorpay raises $160 mn, firm now valued at $3 bn

EV maker Ather to boost charging infra

Electric vehicle (EV) manufacturer Ather Energy has drawn up plans to rapidly increase fast-charging infrastructure in public places in different

Over 50% of adults don’t know how to protect themselves from cybercrime: survey

The findings come in the backdrop of 59% of adults in India becoming victims of cybercrime in the past 12 months.

Nissan’s Magnite SUV gets 50,000 bookings

Nissan Motor India has received over 50,000 bookings for for its sport utility vehicle (SUV) Magnite since its introduction in December 2020, said the

Strengthening IT infra, says HDFC Bank

HDFC Bank has embarked on a ‘technology transformation agenda’ to provide safe and secure banking services to its customers, in a bid to avoid any

Cloud firm Druva raises $147 mn

Druva Inc., a cloud data protection and management firm, has raised $147 million to scale up operations. The fundraising was led by Caisse de dépôt et

Jubilant Pharma develops oral formulation of Remdesivir

Jubilant Pharma Ltd., a subsidiary of Jubilant Pharmova Ltd., has announced the successful completion of safety and pharmacokinetic/absorption studies

Sensex slides 1.8% as ongoing COVID wave rattles investors

‘Rapid rise in infections, tighter curbs may have significant economic impact’

Microsoft to invest $1 bln in Malaysia to set up data centres: Malaysian PM

As part of the Bersama Malaysia initiative, Microsoft will establish its first "data centre region", which consists of multiple data centres, in Malaysia to manage data from various countries, Prime Minister Muhyiddin Yassin told an event marking the launch of the programme

TN man Sivasubramanian Ramann to head SIDBI

Sivasubramanian Ramann took charge on Monday; the appointment is for a period of three years

L&T completes 75 years of construction, mining machinery business

The business has supplied over 60,000 units of various equipment in the country

Gold jumps ₹411; silver gains ₹338

Gold rallied by ₹411 to ₹47,291 per 10 gram; Silver gained ₹338 to ₹68,335 per kilogram

Sensex tanks 883 points as rising COVID-19 cases spooks market; Nifty below 14,400

BSE Sensex ended 882.61 points or 1.81% lower at 47,949.42; NSE Nifty tanked 258.40 points or 1.77% to 14,359.45

Rupee drops by 52 paise to 74.87 against U.S. dollar

At the interbank forex market, the local unit opened at 74.80 against the greenback and traded in the range of 74.79 to 75.05 during the day

52% Indian adults don’t know how to protect themselves from cybercrime: survey

As per the research 7 in 10 Indian adults (70%) believe that remote work has made it much easier for hackers and cybercriminals to take advantage of people

Toyota to review climate stance as investors turn up the heat

The car maker came under scrutiny after siding with the Trump administration in 2019 in a bid to bar the state of California from setting its own fuel efficiency rules.

India's electric vehicles face practical, technical hurdles

EVs are a rarity in India, where more than 300 million vehicles, most of them scooters and three-wheel motorized rickshaws, jam the highways

The 'metaverse' bet: crypto-rich investors snap up virtual real estate

Online environments are going to be "very very big", regardless of fluctuations in the price of bitcoin, said Frederic Chesnais, head of Atari's blockchain division and the company's former CEO

Clubhouse closes new round of funding that would value app at $4 billion

The social media app said the new round of financing was led by Andrew Chen of venture capital firm Andreessen Horowitz with major investors like DST Global, Tiger Global and Elad Gil.

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

The company hoped Ma's stake, worth billions of dollars, could be sold to existing investors in Ant or its e-commerce affiliate Alibaba Group Holding Ltd without involving any external entity, one of the sources with company ties said

Govt. working to save lives, livelihood: FM Nirmala Sitharaman tells India Inc.

Ms. Sitharaman sought feedback from businesses to deal with the impact of the second COVID-19 wave on the country's economy

Sensex crashes over 1,300 points on spiking COVID-19 cases; Nifty below 14,300

BSE Sensex was trading 1,318.21 points or 2.70% lower at 47,513.82; NSE Nifty tanked 394.90 points or 2.70% to 14,222.95

Rupee slumps 52 paise to 74.87 against U.S. dollar in early trade

On April 16, the rupee had settled at 74.35 against the American currency

India may build new coal plants due to low cost despite climate change

Coal's contribution to electricity generation in India fell for the second straight year in 2020.

Today's top business news: Shares plunge as record infections prompt new lockdowns, oil drops as surging virus infections stoke demand concerns, automakers fear dent in sales, and more

Updates from the world of economy, markets, and finance

Is compensation received for land acquired by govt. taxable?

TDS deducted by your client is different from your tax liability.

Are you an investor doing fundamental analysis?

It is generally argued that a trader has a short-term outlook whereas an investor has a long-term outlook.

Reap more than you sow

Interest rates on guaranteed return products are better than those on fixed deposits

India to become No 1 EV maker in world: Nitin Gadkari

The government wants to encourage automakers to introduce flex-fuel engines in India and he is in the final discussion with manufacturers, says the Union Minister

FPIs pull out ₹4,615 cr from Indian markets in April so far

According to the depositories data, overseas investors pulled out ₹4,643 crore from equities but invested ₹28 crore in the debt segment

Covid-19 | AirAsia India not to charge any fee for changes made on tickets booked till May 15

It has announced the offer to give passengers flexibility amid "increased uncertainty and travel restrictions".

GST officers to be soon armed with real-time data on vehicles moving without e-way bills

Under the Goods and Services Tax regime, e-way bills have been made mandatory for inter-state transportation of goods valued over ₹50,000 from April 2018

Irdai imposes ₹51 lakh penalty on four insurers

Group of firms includes SBI General Insurance Company that has been fined ₹25 lakh.

Second COVID-19 wave could spark greater uncertainty, govt will respond with fiscal steps if required: NITI Aayog Vice-Chairman

NITI Aayog Vice-Chairman Rajiv Kumar remained hopeful that the country’s economy will grow 11% in the current fiscal ending March 31, 2022

India’s power consumption grows nearly 45% in first half of April

In March this year, the power consumption grew nearly 23% to 121.51 BU compared to 98.95 BU in the same month of 2020.

Analysts expect stock markets to be highly volatile amid rising COVID cases, earnings season

Nestle India, Rallis India and Tata Elxsi are the other major companies to announce their earnings this week.

COVID-19 hits passenger vehicle exports; shipments tumble 39 % in FY21

Industry tried its best to catch up in the second half of the fiscal.

The Hindu Explains | How will the U.S. Supreme Court verdict in the Oracle vs. Google case affect the software industry?

What is fair use? How did the court decide that Google’s action came under the ambit of fair use?

SpiceJet eases free change norm to 5 days

SpiceJet on Saturday said passengers will not be charged any fee for changing the date or time on their tickets at least five days prior to the date

PLI scheme for ACs, LED lights to exclude ‘mere assembly’

DPIIT’s norms prioritise production of basic components

Online advice helps cut 45% litigation: LegalKart

‘Most queries on property, family issues’

Tamil Nadu sees over twofold jump in investments

It received projects worth over 1 lakh cr. in 2020-21, only second to Maharashtra.

HDFC Bank posts 16% rise in Q4 net profit at ₹8,434 crore

The private sector lender had registered a net profit of ₹7,280 crore in the corresponding quarter a year ago.

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