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A healthcare worker holding a rose receives an AstraZeneca's COVISHIELD vaccine, during the coronavirus disease (COVID-19) vaccination campaign, at a medical centre in Mumbai, India, January 16, 2021.

Speed, scale of vaccination to shape recovery: RBI Bulletin

PTI Second wave has hit domestic demand, write bank officials

2hrs

Adani group building at Adani Shantigram near Ahmedabad on Tuesday June 15, 2021. Adani group stocks were in focus on Tuesday following clarification from NSDL

Adani stocks extend losses for a third session

Reuters Group had rejected report on funds

2hrs

In this file photo taken on January 10, 2019, Alpha Mini robots that use artificial intelligence dance at the Las Vegas Convention Center during CES 2019.

Automation to cull 3-mn IT jobs by 2022: report

PTI ‘Firms set to reap $100 bn in savings’

2hrs

‘India to have 330 mn 5G connections by 2026’

Special Correspondent 4G count to touch 830 mn: Ericsson

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Minister of State for Chemicals and Fertilisers Mansukh Mandaviya.

Cabinet nod for additional fertiliser subsidy worth ₹14,775 crore

A view of the BSE building in Mumbai. File

Today's top business news: Shares end lower on losses in financials, RBI likely to maintain status quo in August policy, RBI restrains DHFL from taking deposits, and more

India may have 330 mn 5G subscribers by 2026, data usage to reach 40 GB per smartphone: Report

Huge rush at weekly vegetable market in the morning hours, during the ongoing 10-day lockdown imposed by the Telangana government to curb the spread of the Covid-19 coronavirus, at Begumpet in Hyderabad on Sunday, May 16, 2021.

Inflation spurs spike in bond yield; rupee hits 1-month low

A boy waits for customers before closing the shop in response to the Vijayawada Chamber of Commerce and Industry's call for closure of shops by 2 om daily in view of Covid in Vijayawada on Wednesday.

Retail sales decline 79% from two years earlier

PTI Need government support, says RAI

Income Tax Department. Representational image

I-T Department notifies cost inflation index for FY22 for computing long-term capital gains

PTI The Central Board of Direct Taxes on June 15 notified the cost inflation index for the current fiscal (2021-22).

Consumer Affairs Minister Piyush Goyal. File

Mandatory gold hallmarking to come into force from Wednesday, initially in 256 districts, says govt.

PTI A decision in this regard was taken after a meeting chaired by Piyush Goyal with industry stakeholders.

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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The BSE benchmark Sensex.

Sensex, Nifty fall from record highs, investors eye US Fed meet

PTI PowerGrid was the top laggard in the Sensex pack.

Image for representative purposes only.

Rupee slips 1 paisa to close at 73.32 against U.S. dollar

PTI The domestic currency has lost 52 paise in the seven trading sessions to Wednesday.

Economy

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A healthcare worker holding a rose receives an AstraZeneca's COVISHIELD vaccine, during the coronavirus disease (COVID-19) vaccination campaign, at a medical centre in Mumbai, India, January 16, 2021.

Speed, scale of vaccination to shape recovery: RBI Bulletin

PTI Second wave has hit domestic demand, write bank officials

2hrs

India's exports rose by 46.43% to $14.06 billion during June 1-14. File.

India's exports up 46% to $14 billion during June 1-14

PTI Imports too rose by 98.33% to $19.59 billion during the period

Industry

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‘Organised platforms to contribute 45% of total pre-owned cars by FY25’

JLR starts delivery of SUV Range Rover Velar

LTI to acquire digital engineering firm Cuelogic

Blue-collar jobs portal Apna raises $70 million

Automation to cull 3-mn IT jobs by 2022: report

ICICI Bank unveils digital offering for corporates

Adani stocks extend losses for a third session

Group had rejected report on funds

Gearing up for Sputnik V commercial release: DRL

Dr. Reddy’s Laboratories said on Wednesday that the registration for Sputnik V on the CoWin portal will open for public with the commercial release of

Speed, scale of vaccination to shape recovery: RBI Bulletin

Second wave has hit domestic demand, write bank officials

Fuel demand revives in June over May

India’s fuel demand rebounded in the first half of June as easing of lockdowns helped sales but the consumption was still lower compared to last

‘India to have 330 mn 5G connections by 2026’

4G count to touch 830 mn: Ericsson

Explainer | What is hallmarking of gold jewellery?

The Bureau of Indian Standards (BIS) is the designated authority to implement hallmarking of gold jewellery and this move is expected to bring transparency in the jewellery trade and increase trust among consumers

Direct tax collections surge in 2021-22

Economists said the tax collections suggest the first quarter of this year could record double-digit growth.

India may have 330 mn 5G subscribers by 2026, data usage to reach 40 GB per smartphone: Report

Ericsson mobility report said the number of smartphone subscriptions was 810 million in 2020.

Gold slips by ₹48; silver up by ₹340

In the previous trade, gold had closed at ₹47,862 per 10 gram

India's exports up 46% to $14 billion during June 1-14

Imports too rose by 98.33% to $19.59 billion during the period

Cabinet nod for additional fertiliser subsidy worth ₹14,775 crore

Bid to provide relief to farmers as the kharif sowing season begins.

Rupee slips 1 paisa to close at 73.32 against U.S. dollar

The domestic currency has lost 52 paise in the seven trading sessions to Wednesday.

Sensex, Nifty fall from record highs, investors eye US Fed meet

PowerGrid was the top laggard in the Sensex pack.

I-T Department notifies cost inflation index for FY22 for computing long-term capital gains

The Central Board of Direct Taxes on June 15 notified the cost inflation index for the current fiscal (2021-22).

Today's top business news: Shares end lower on losses in financials, RBI likely to maintain status quo in August policy, RBI restrains DHFL from taking deposits, and more

Updates from the world of economy, markets, and finance

200 IBC pleas filed since Mar. 24: IBBI

About 200 applications for resolution of stressed assets have been filed under the insolvency law since the suspension of fresh proceedings ended on

Canara Bank to buy 12% stake in bad bank

Canara Bank said it will be the lead sponsor of National Asset Reconstruction Company Ltd. (NARCL), or bad bank, with a 12% stake in the entity. Bad

Govt., Infosys to sort out I-T portal glitches

Top Finance Ministry officials, while acknowledging that the new income tax filing portal has been ‘fraught with several technical glitches/issues

Adani Group shares close on a mixed note

Flagship Adani Enterprises gains 2.45%

Max Life FY21 death claims surge 33%

Max Life Insurance has paid 19,922 death claims worth ₹885.57 crore during the financial year 2020-21

RBI restrains DHFL from taking deposits

Move precedes nod for Piramal buyout

Retail sales decline 79% from two years earlier

Need government support, says RAI

Inflation spurs spike in bond yield; rupee hits 1-month low

Latest data would make RBI wary of continuing to boost liquidity, says economist

Mandatory gold hallmarking to come into force from Wednesday, initially in 256 districts, says govt.

A decision in this regard was taken after a meeting chaired by Consumer Affairs Minister Piyush Goyal with industry stakeholders.

Ashok Leyland’s arm buys out SMAL

Ashok Leyland’s subsidiary Switch Mobility Ltd. of U.K. has acquired the entire shareholding in EV maker Switch Mobility Automotive Ltd. India (SMAL)

Care, Acuité form AIRA to develop debt market

Two credit rating agencies (CRAs) have established ‘Association of Indian Rating Agencies’ (AIRA) as a not-for-profit company. AIRA is expected to

‘Job market saw green shoots in May’

Job market witnessed green shoots of recovery in May this year after suffering a dip in April following the second wave of the pandemic, according to

Thermo Fisher rolls out new SARS-CoV-2 test in India

Thermo Fisher Scientific has introduced Accula SARS-CoV-2 test.The test delivers reverse transcription polymerase chain reaction (RT-PCR) detection of

Pitti Engineering says it got incentive from Maharasthra Govt.

Engineering firm Pitti Engineering Ltd. said it has received approval to receive ₹21.66 crore as incentive from the Maharashtra government for setting

TVS cuts price of iQube e-scooter by ₹11,250

TVS Motor Company has reduced the prices of its electric scooter TVS iQube Electric by ₹11,250. The new pricing is in line with the revision in

U.S. arbitrator tells DRL unit to pay $46.25 mn

Ruling backs Australia’s Hatchtech Pty

Deutsche Bank to hire 3,000 techies globally

Bank ‘retiring’ legacy IT systems

India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies

The comments come as major U.S. technology firms including Twitter Inc and Facebook Inc are at loggerheads with the government over issues such as data privacy bills and policies some industry executives have called protectionist.

Sensex, Nifty leap to new highs

At the closing bell, the 30-share BSE index quoted 221.52 points or 0.42 % higher at 52,773.05.

Gold jumps ₹ 303, silver gains ₹ 134

Gold in the national capital on Tuesday rose ₹ 303 to ₹ 47,853 per 10 grams reflecting overnight recovery in the global precious metal prices,

Rupee falls for 6th straight session, settles 2 paise down at 73.31/USD

Falling for the sixth day in a row, the rupee closed lower by 2 paise at 73.31 (provisional) against the U.S. currency on Tuesday amid rising crude

U.S. Supreme Court revives LinkedIn bid to shield personal data

The justices threw out a lower court ruling that had barred LinkedIn from denying hiQ access to the information that LinkedIn members had made publicly available.

Today's top business news: Shares at record highs as COVID-19 curbs ease, retail inflation soars to 6-month high, Zerodha co-founder admits cheating to beat Viswanathan Anand, and more

Updates from the world of economy, markets, and finance

Sensex jumps over 220 points in early trade; Nifty tops 15,850

Elsewhere in Asia, bourses in Tokyo and Seoul were trading on a positive note in mid-session deals, while Shanghai and Hong Kong were in the red.

PNB Housing Fin deal under RBI, SEBI lens

The Reserve Bank of India (RBI) as well as SEBI will look into various regulatory issues related to the proposed ₹4,000 crore-investment by U.S.-based

Cement offtake drops 25% in April-June: ICRA

‘Pent-up demand to drive sales in Q2’

Coal India Q4 profit drops 1% on lower sales

State-owned Coal India on Monday reported a marginal 1.1% decline in its consolidated profit to ₹4,586.78 crore for the quarter ended March 2021 on

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