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A view inside the Edinburgh airport as travel corridors close until February 15, in Edinburgh, Scotland on January 18, 2021.

COVID-19 pandemic threatening economy, geopolitical stability: WEF study

PTI COVID-19 pandemic is increasing disparities, social fragmentation, says WEF in its annual Global Risks Report

50mins

Dunzo raises $40 million in funding from Google, Lightbox and others

PTI The funding round saw participation from new and existing investors, including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria, among others, a statement said.

6hrs

Amazon will provide the support for these startups to launch their products worldwide through its exports programme – Amazon Global Selling, File

Amazon partners with Startup India, others to boost e-commerce exports from India

PTI As part of the Startup Accelerator, Amazon has constituted a mentorship board consisting of Amazon leaders from India and across the world, VCs and senior leaders from Startup India.

1hr

Sensex zooms 834 points; Nifty reclaims 14,500 level

PTI BSE sensex ended 834.02 points or 1.72% higher at 49,398.29; NSE Nifty surged 239.85 points or 1.68% to 14,521.15

1hr

Representational image.

Gold gains ₹198; silver jumps by ₹1,008

2hrs

Representational image.

Rupee gains 11 paise to end at 73.17 against U.S. dollar

1hr

File photo for representation.

Business Live: Shares rise; Maruti gains after raising car prices

File photo for representation.

India asks WhatsApp to withdraw changes to privacy policy

3hrs

File photo of a petrol bunk for representation.

Petrol crosses ₹ 85 mark for first time in Delhi, nears ₹ 92 in Mumbai

PTI Petrol price on Tuesday breached the ₹ 85 a litre mark in the national capital and diesel neared record high after rates were raised for the second consecutive day. Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies. This took the petrol price in Delhi to ₹ 85.20 per litre and to ₹ 91.80 in Mumbai. Diesel rate climbed to ₹ 75.38 a litre in the national capital - just shying away from its record high - and to an all-time

3hrs

China’s economy grows 2.3%, slowest pace in 44 years

Ananth Krishnan Stimulus created 11.86 mn urban jobs.

Shoring up: Duties were increased last year on the likes of toys, electrical and electronics items by up to 20%.

Govt. may raise import duties by 5-10%

Reuters Budget likely to raise levy on more than 50 items including smartphones, electronic components

Opinion & Analysis

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PARLEY | Comment

Parley: Does the Budget do enough in providing a stimulus to growth?

Suresh Seshadri By not cutting spending despite constraints, the Budget ensures momentum doesn’t backslide

A government that is clueless on the economy

Pulapre Balakrishnan Listening to the Budget speech, one would hardly get any indication of either the economic slowdown or the unemployment rate, which is the highest in decades

A Budget exercise that is designed for stressed times

T.T. Ram Mohan The FM deserves credit for keeping the capital expenditure steady amid receipts shortfall; but her plan does not meet market expectations of sweeping reforms

Markets

See All

Sensex zooms 834 points; Nifty reclaims 14,500 level

PTI BSE sensex ended 834.02 points or 1.72% higher at 49,398.29; NSE Nifty surged 239.85 points or 1.68% to 14,521.15

1hr

Representational image.

Gold gains ₹198; silver jumps by ₹1,008

PTI Both gold and silver were quoting gains in the international market

2hrs

Economy

See All

A view inside the Edinburgh airport as travel corridors close until February 15, in Edinburgh, Scotland on January 18, 2021.

COVID-19 pandemic threatening economy, geopolitical stability: WEF study

PTI COVID-19 pandemic is increasing disparities, social fragmentation, says WEF in its annual Global Risks Report

50mins

China’s economy grows 2.3%, slowest pace in 44 years

Ananth Krishnan Stimulus created 11.86 mn urban jobs.

Industry

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COVID-19 pandemic increasing disparities, social fragmentation; threatening economy, geopolitical stability: WEF study

Amazon partners with Startup India, others to boost e-commerce exports from India

Rupee gains 11 paise to end at 73.17 against U.S. dollar

Sensex zooms 834 points; Nifty reclaims 14,500 level

Gold gains ₹198; silver jumps by ₹1,008

Petrol crosses ₹ 85 mark for first time in Delhi, nears ₹ 92 in Mumbai

India asks WhatsApp to withdraw changes to privacy policy

(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)The Indian government has

An algorithm to fix legacy issue in a pandemic hit industry

To solve the booking issue, a team of researchers at the University of Trento, Italy, collaborated with an Italian start up to develop software inspired by the popular Tetris video game.

Centre issues Letter of Comfort to Bharat Biotech for 45 lakh doses of Covaxin

Bharat Biotech said it has also donated 16.5 lakh doses to the Government of India

American Express announces ₹1 crore grant to Dastkar to support women artisans

A key component of the partnership is marketing support and visibility for the artists, the company said.

Dunzo raises $40 million in funding from Google, Lightbox and others

The funding round saw participation from new and existing investors, including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria, among others, a statement said.

U.S. asks Australia to scrap proposed laws to make Facebook, Google pay for news

Under the law, which has broad political support and is currently before a senate committee, Google and Facebook will be subject to mandatory price arbitration if a commercial agreement on payments to Australian media cannot be reached.

Rupee rises 13 paise to 73.15 against U.S. dollar in early trade

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.10% to 90.67.

Sensex rallies nearly 500 points in early trade; Nifty tops 14,400

Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo were trading with significant gains, while Shanghai was in the red.

Business Live: Shares rise; Maruti gains after raising car prices

Updates from the world of economy, markets, and finance

Hero Motors acquires strategic stake in Hewland Engineering

Auto component maker Hero Motors Company said it has acquired a strategic stake in U.K.-based transmission design technology firm Hewland

Infosys gets Google Cloud Partner status

Infosys said it had been accredited with the Google Cloud Partner Specialisation in the data and analytics space. It is among the top global system

Metropolis to buy Hitech Diagnostic

The board of Metropolis Healthcare Ltd. has approved the acquisition of 100% equity of Hitech Diagnostic Centre Pvt. Ltd. (Hitech) in a cash and stock

Mindtree net jumps 65.7% to ₹326.5 crore

Mindtree on Monday reported third-quarter net profit jumped 65.7% to ₹326.5 crore on strong demand for cloud and digital services. Profit a

Total inks pact for 20% in Adani Green

Total on Monday said it had agreed to acquire 20% stake in Adani Green Energy Ltd (AGEL). This follows an earlier commitment by the French company to

Sugar output rises 31% to 142.7 lakh tonnes: ISMA

Higher sugarcane supply to aid growth

Avian flu outbreak to hit Jan. poultry sales: Crisil

‘Unlikely to dent profitability this fiscal’

India, China may take lead in Asia’s Covid vaccination plans, says Moody’s Analytics

Second most-hit nation’s role will soften severity: Moody’s

China’s economy grows 2.3%, slowest pace in 44 years

Stimulus created 11.86 mn urban jobs.

Govt. may raise import duties by 5-10%

Budget likely to raise levy on more than 50 items including smartphones, electronic components

Lexus unveils LS 500h Nishijin sedan at ₹2.2 crore

The LS 500h Nishijin at ex-showroom New Delhi price of ₹2.22 crore.

Mukesh Bansal’s Cure.fit acquires digital training firm Onyx

Mukesh Bansal-promoted health and fitness firm Cure.fit acquired California-based Onyx, a firm that builds digital training experience around fitness

Chumbak says over 50% of sales now come via online

Mini TejaswiBengaluru

Plastics firms eye ₹1,000 cr. business from virtual trade show

All India Plastics Manufacturers’ Association (AIPMA), with more than 20,000 industry members from 175 cities from India, is organising Plastiworld, a

India, China set to lead vaccine distribution in APAC region: Moody’s Analytics

Moody’s Analytics said the Indian government plans to inoculate nearly 300 million high-priority people, including health workers, the elderly, and those with higher co-morbidities by August.

Rupee drops by 21 p to 1-week low on dollar demand

The rupee plunged by 21 paise to settle at a week’s low of 73.28 against the U.S. dollar on Monday, tracking weak domestic equities and a rebound in

Gold gains ₹117; silver jumps ₹541

Gold prices rose by ₹117 to ₹48,332 per 10 grams in the national capital on January 18 with recovery in international prices and rupee depreciation,

How is Telegram different from WhatsApp?

WhatsApp is facing criticism for the recent update in its privacy policy. This has led to a surge in Telegram users. But how different is Telegram from WhatsApp?

Sensex tanks 470 points; Nifty drops below 14,300

Equity benchmark Sensex plunged 470 points on January 18, tracking losses in index majors Infosys, HDFC and ICICI Bank amid a weak trend in global

Trump's China tech war backfires on automakers as chips run short

The problems stem from a confluence of factors as auto manufacturers compete against the sprawling consumer electronics industry for chip supplies.

Japanese firm Daicel to set up manufacturing plant in Chennai

The firm is to invest ₹230 crore in the first phase, in the manufacturing of airbag inflators

Biden eyes ex-Obama staff to tackle Big Tech and other antitrust issues

Hesse advised Amazon on its more than $13 billion acquisition of grocery chain Whole Foods, according to her bio on the website of New York law firm Sullivan & Cromwell LLP, where she is currently a partner.

Trump admin slams China's Huawei, halting shipments from Intel, others: sources

The U.S. action came after pressure from a recent Trump appointee in the Commerce Department, Corey Stewart, who wanted to push through hard line China policies after being hired for a two-month stint in the agency at the end of the administration.

RBI likely to propose stricter rules for shadow banks: sources

The RBI is expected to set out proposals in a discussion paper next week, recommending that bigger shadow banks maintain a statutory liquidity ratio, the sources said.

Samsung vice-chairman gets 30-month prison term in South Korea bribery trial

(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)A South Korean court

Rupee falls 15 paise to 73.22 against U.S. dollar in early trade

Traders said the rupee opened on a weak note against the greenback amid the dollar index reaching a near one-month high on risk aversion.

Sensex drops over 200 points in early trade; Nifty slips below 14,400

U.S. markets witnessed high volatility last week especially after the announcement of $1.9 trillion stimulus program by President-elect Joe Biden.

China economy grows 2.3% in 2020 as rebound from coronavirus gains

Growth in the three months ending in December rose to 6.5% over a year earlier, up from the previous quarter’s 4.9%, according to official data released Monday.

Today's top business news: Stocks tank, China economy grows 2.3% in 2020 as rebound from coronavirus gains, Trump's China tech war backfires on automakers as chips run short, and more

Updates from the world of economy, markets, and finance

Winner’s Curse — when luck overtakes skill

With markets on a roll, investors must exercise caution as the path to riches is riddled with potholes

Is ‘sum assured’ the same as ‘sum insured’?

‘Sum insured’ and ‘sum assured’ are among the fundamental terms an individual essentially needs to understand before choosing a life insurance plan.

Planning for the preventable

Vaccination, inoculation procedures are usually not covered by health insurers

Ask us: On investments

An amount spent towards preventive health check-ups can be claimed up to ₹5,000 subject to the overall limits as provided under Section 80D.

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