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File photo for representation.

Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

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

21mins

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.

1hr

A vial of COVID-19 vaccine COVAXIN. File

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

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

55mins

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.

1hr

A man wears a mask and walks past the BSE building, as the Sensex crashed by nearly 3000 points, in Mumbai, Friday, March 13, 2020.

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

Last Day One Internet

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

4hrs

Over the past year, the cost of Maruti Suzuki's vehicles has been impacted adversely. File

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

3hrs

A weaker Turkish lira and inflation pressures also have driven up demand for the cryptocurrency.

CRYPTOCURRENCY Technology

Turkey bans use of cryptocurrencies for payments

3hrs

Amazon asks Indian court to not resume antitrust probe

Amazon asks Indian court to not resume antitrust probe

Reuters 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

5hrs

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.

Citi to exit retail banking in India, China

Agence France Press Citigroup announced it will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in places where it is small.Citigroup will focus its global consumer banking business on four markets: Singapore, Hong Kong, London and the UAE. But Citigroup will depart China, India and 11 other retail markets, where “we don’t have the scale we need to compete,” said Citi chief executive Jane Fraser.She described the pivot as part of efforts to

Opinion & Analysis

See All

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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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.

1hr

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.

1hr

Economy

See All

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.

After breaching the upper tolerance threshold of 6% for six consecutive months (June-November 2020), CPI inflation fell in December 2020 and eased further in January 2021 to 4.1%. File

IIP contracts 3.6% in February; retail inflation rises to 5.52% in March

Special Correspondent The IIP had grown by 5.2% in February 2020

Industry

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Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

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

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

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

Rupee zooms 58 paise to settle at 74.35 against US Dollar

Sensex, Nifty end marginally higher

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.

Flipkart to acquire online travel firm Cleartrip

Post acquisition, Cleartrip would continue to operate as a separate brand and would also retain all its employees

Sensex jumps 260 pts; Nifty tops 14,550

After gyrating 877 points during the day, the 30-share BSE index ended 259.62 points or 0.53% higher at 48,803.68.

Amazon announces $250 million fund for SMEs

The company will help build brand new businesses.

Gold jumps ₹ 159; silver gains ₹ 206

Gold jumped ₹ 159 to ₹ 46,301 per 10 gram in the national capital on Thursday reflecting recovery in international precious metal prices, according

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

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

Rupee falls 17 paise to 75.22 against U.S. dollar in early trade

Foreign fund outflows weighed on investors’ sentiment, forex traders said.

Sensex drops over 200 points in early trade; Nifty tests 14,450

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

Today's top business news: Shares gain despite record fresh virus cases, WPI inflation spikes to over 8-year high of 7.39% in March, rupee hits 9-month low on growth worries, and more

Updates from the world of economy, markets, and finance

‘Hiring for blue collar jobs resurges’

With the vaccination drive in full swing in the country and high optimism on economic recovery, the hiring of blue collar workers is resurging as 70%

Infosys Q4 net rises 17.5% on large deals

Firm forecasts 12-14% revenue growth for FY22; board gives nod for ₹9,200-cr. buy-back

Bharti’s new structure to help focus on digital

Airtel Digital to fold into parent firm

Remembering FCB Ulka’s Anil Kapoor

The former chairman, who helped transform Ulka, passed away on Sunday

‘India can be hardware manufacturing hub’

Supply chains exiting China: Smith

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Lack of exercise is linked to more severe symptoms and a higher risk of death among COVID-19 patients, according to a new study. (Photo for representational purposes only.)

62K | COVID-19 patients with sedentary habits more likely to die, finds study

Naga Sadhus (or holy men) participate in a procession to take a dip in the Ganges river during Shahi Snan at "Kumbh Mela" , or the Pitcher Festival, amidst the spread of the coronavirus disease (COVID-19), in Haridwar on April 14, 2021.

24K | Coronavirus | Over 1,700 test positive for COVID-19 in Kumbh Mela over 5-day period

Telangana Chief Minister K. Chandrasekhar Rao. File

18K | KCR may opt for cancellation of SSC exams

Employees pack boxes containing vials of Covishield vaccine at the Serum Institute of India in Pune on January 21, 2021.

15K | The secrecy around deaths after vaccination

13K | No annuity rider, NPS subscribers get ₹5 lakh exit option

Cars lined up in a queue for drive-through COVID-19 testing, amid a spike in coronavirus cases in Ahmedabad, Wednesday, April 14, 2021.

13K | Coronavirus | Situation in Gujarat is turning grimmer by the day

Abbas Siddique’s support base extends to at least ﬁve districts in West Bengal. File

13K | West Bengal Assembly Elections | I am addressing not only Muslim concerns but of all the poor and dispossessed: Abbas Siddique

Prime Minister Narendra Modi. File

12K | Modi calls off meeting with French FM; Boris Johnson shortens India visit

Preparatory work is underway at a site near the airport in New Delhi on April 15, 2021 to set up a 500-bed DRDO COVID-19 treatment facility.

12K | Coronavirus | India’s daily caseload crosses 2 lakh