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File photo shows people wearing face masks sit outside a Walmart store in Washington.

Walmart, Disney announce new COVID-19 steps amid Delta surge

AFP The moves come as U.S. officials redouble efforts to encourage more vaccinations in response to the highly contagious Delta variant of COVID-19.

Bolstering output: Natural gas and steel both posted year-on-year growth of more than 20%. File

Eight core sectors' output up by 8.9% in June

Special Correspondent These sectors had recorded a contraction of 12.4% in June 2020.

File photo of Rakesh Jhunjhunwala.

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Reuters Mr. Jhunjhunwala’s Akasa Air comes at a time when aviation industry is reeling from the impact of the pandemic

Gold loans spur personal loans, bank credit slows

Special Correspondent Credit to industry shrank in June: RBI

13/06/2019 MUMBAI: N. Chandrasekaran, Chairman, Tata Consultancy Services (TCS) addressing at the company's AGM held in Mumbai on June 13, 2019. Photo By. Paul Noronha

Tata Motors to invest ₹28,900 crore in FY22, says Chandrasekaran

MSMEs most in need of policy attention: Kumar

An Indigo aircraft. File

IndiGo signs pact to explore potential of using sustainable aviation fuel in aircraft

Lending a leg-up: Infrastructure, especially government-led spending has a crowding-in effect: CEA.

High fiscal borrowings won’t crowd out private sector: CEA

Toyota to increase price of Innova by 2% from August

Special Correspondent This increase was necessitated to partially offset the substantial increase in input costs

‘Upturn V-shaped but small firms, urban poor hit harder’

Special Correspondent Inflation to dip below 6% soon, but stay in 5-6% range: CEA

TVS Motor earmarks ₹1,000 crore for EVs

Special Correspondent ‘Manufacturing under separate vertical’

Opinion & Analysis

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Will the new e-commerce rules really favour consumers?

Prashanth Perumal The intent of the rules is unclear and there are several consumer protection rules already in place

A compromise amid uncertainty

Garimella Subramaniam The OPEC deal to step up crude production will ease rising prices and balance domestic and global priorities

A view of the BSE building in Mumbai. File

India’s equity market bubble may burst soon

Prasenjit Bose Indranil Chowdhury With all agencies downsizing growth projections, the equity market is vulnerable to a major correction

Markets

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Gold loans spur personal loans, bank credit slows

Special Correspondent Credit to industry shrank in June: RBI

A view of the BSE building in Mumbai. File

Sensex closes modestly lower on fag-end sell-off

PTI The 30-share BSE index fell 66.23 points or 0.13% to close at 52,586.84, while the broader NSE Nifty dipped 15.40 points or 0.10% to 15,763.05.

Economy

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Bolstering output: Natural gas and steel both posted year-on-year growth of more than 20%. File

Eight core sectors' output up by 8.9% in June

Special Correspondent These sectors had recorded a contraction of 12.4% in June 2020.

U.S. GDP climbs 6.5% buoyed by consumers, businesses

Reuters Growth tempered by supply chain constraints on inventory

Industry

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Housing unit sales plunge 58% Q-o-Q due to 2nd wave impact says PropEquity

IL&FS unit to sell defunct green energy plant

Maveric Systems to hire 3,000 techies by 2025

To The New scouts for acquisition in U.S.

Fino Payments Bank files IPO papers

India’s geospatial economy may rise to ₹1 lakh cr. by 2030: Esri India MD

Explained | Will pre-packaged bankruptcy terms help small businesses?

The latest amendments to the IBC, 2016 allow the use of “pre-packs” to resolve insolvency proceedings involving micro, small and medium-scale enterprises. A pre-pack is a way of resolving the troubles of creditors and owners of a distressed business.

Walmart, Disney announce new COVID-19 steps amid Delta surge

The moves come as U.S. officials redouble efforts to encourage more vaccinations in response to the highly contagious Delta variant of COVID-19.

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Mr. Jhunjhunwala’s Akasa Air comes at a time when aviation industry is reeling from the impact of the pandemic

Sun Pharma posts Q1 profit of ₹1,444.17 cr.

Sun Pharmaceutical Industries Ltd. reported a consolidated net profit of ₹1,444.17 crore for the first quarter ended June 30. The company had

Chola Q1 profit contracts 24% to ₹327 crore

Cholamandalam Investment and Finance Co. Ltd (CIFCL), a Murugappa group firm, standalone net profit for Q1 FY22 contracted 24% to ₹326.80 crore as

Core sectors grew 8.9% in June

Output at the eight infrastructure industries still lags pre-pandemic, April’s levels

Wheels India turns profit of ₹10.13-crore

Wheels India Ltd. reported a net profit of ₹10.13 crore for the quarter ended June, driven by strong export demand in almost all its business

Tata Motors to invest ₹28,900 crore in FY22, says Chandrasekaran

‘In time, EVs to contribute 25% of sales’

MSMEs most in need of policy attention: Kumar

‘Sector’s earnings impacted by 50%’

Gold loans spur personal loans, bank credit slows

Credit to industry shrank in June: RBI

Data | Urban workers hit the most during national COVID-19 lockdown

Amount of work available for workers in India reduced substantially in the period coinciding with the national lockdown during the first COVID-19 wave

Yum franchisee Devyani International unveils IPO

Devyani International Ltd., one of the largest franchisees of Yum Brands in India that operates Pizza Hut, KFC and Costa Coffeestores among others,

Exxaro Tiles IPO to open IPO on August 4

The initial public offering (IPO) of Exxaro Tiles Ltd., a manufacturer of vitrified tiles, will open on August 4. The price band has been fixed at

Lupin arm to acquire Australian pharma firm

Generic Health, the Australia-based wholly owned subsidiary of Lupin Ltd., said it has entered into a definitive agreement to acquire 100% shares of

Eight core sectors' output up by 8.9% in June

These sectors had recorded a contraction of 12.4% in June 2020.

IndiGo signs pact to explore potential of using sustainable aviation fuel in aircraft

The carrier is yet to reveal the details of the fue provider.

Rupee falls 13 paise to close at 74.42 against U.S. dollar

At the interbank foreign exchange market, the local unit witnessed high volatility

Sensex closes modestly lower on fag-end sell-off

The 30-share BSE index fell 66.23 points or 0.13% to close at 52,586.84, while the broader NSE Nifty dipped 15.40 points or 0.10% to 15,763.05.

Gold gains ₹ 294; silver down ₹ 170

Gold in the national capital on Friday gained ₹ 294 to ₹ 47,442 per 10 grams in line with rally in international precious metal prices, according to

CII, Serum Institute of India join hands for vaccination drive in smaller towns, rural areas

Growth critically rests on how soon eligible population is vaccinated: CII

Rupee inches 2 paise higher at 74.27 against U.S. dollar in early trade

On July 29, the rupee had settled at 74.29 against the U.S. dollar.

Sensex rises over 125 points in early trade, Nifty tops 15,800

Tech Mahindra was the top gainer in the Sensex pack, rising over 8%.

Top Business News of the Day: Microsoft looks to tap into Oyo before its potential IPO, U.S. regulator freezes Chinese company IPOs over risk disclosures, and more

Top news of the day from the world of business, finance and economy.

Toyota to increase price of Innova by 2% from August

This increase was necessitated to partially offset the substantial increase in input costs

U.S. GDP climbs 6.5% buoyed by consumers, businesses

Growth tempered by supply chain constraints on inventory

Festivals, weddings to bolster gold sales: WGC

Jewellery demand rose 29% in Apr.-Jun.

High fiscal borrowings won’t crowd out private sector: CEA

SEBI member asserts ‘no doubt’ borrowings are crowding out corporate bonds

Tata Sons to acquire 43.3% stake in Tejas Networks for ₹1,850 crore

Tata Sons subsidiary Panatone Finvest Ltd. has signed a definitive agreement to acquire a 43.3% stake in Bengaluru-based telecom equipment firm, Tejas

‘Upturn V-shaped but small firms, urban poor hit harder’

Inflation to dip below 6% soon, but stay in 5-6% range: CEA

TechM Q1 net jumps 39% to ₹1,353 crore

Tech Mahindra on Thursday posted a 39% increase in its consolidated net profit to ₹1,353.2 crore for the quarter ended June 30. Revenue from

Laurus Labs Q1 net rises 41% to ₹242 cr.

Drugmaker Laurus Labs consolidated net profit rose almost 41% to ₹241.61 crore for the quarter ended June. On a sequential basis, however, the net

Windlas Biotech unveils IPO

The initial public offering (IPO) of Windlas Biotech Ltd., a maker of pharma formulations, will open on August 4. The price band has been fixed at

U.S. FDA approves Biocon’s insulin Semglee

Biocon Biologics and Viatris Inc said the U.S. Food and Drug Administration (FDA) had approved Semglee®, a long-acting insulin injection, as the first

‘Kia tops poll for dealer satisfaction with OEMs’

Business viability, a key aspect: FADA

TVS Motor earmarks ₹1,000 crore for EVs

‘Manufacturing under separate vertical’

Poonawalla Fincorp hires top executives to fuel growth

Poonawalla Fincorp Ltd. (formerly Magma Fincorp Ltd.), has revamped and strengthened its leadership team by onboarding top executive across the

Significant data on nasal vaccine likely in 2.5 months: Bharat Biotech founder Krishna Ella

Clinical trial to pair Covaxin, nasal vaccine doses on cards, Mr. Ella says.

Sensex jumps 209 points, Nifty ends above 15,750

The 30-share BSE index climbed 209.36 points or 0.40% to close at 52,653.07.

Rupee gains 9 paise to close at 74.29 against U.S. dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, dipped 0.30% to 92.04.

AAI earned ₹ 30,069 crore from joint venture and PPP airports till 2020-21: Govt

The Airports Authority of India (AAI) has earned approximately ₹ 30,069 crore till 2020-21 from its joint venture airports or public private

GST rate structure rationalisation on govt's agenda, definitely going to happen: CEA

GST collection slipped below ₹1 lakh crore in June for the first time in eight months as the second wave of the Covid pandemic and the resultant lockdowns hit businesses and the economy.

ArcelorMittal posts $4,005 million net income in Apr-Jun qtr

Global steel giant ArcelorMittal on Thursday posted a net income of $4,005 million for the second quarter ended June 30, 2021.“The world's largest

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