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FY21 net profit of Infosys was up 16.6% to ₹19,351 crore. File

Infosys net profit rises 17.5% to ₹5,076 crore in March quarter

PTI Infosys expects FY22 revenue to grow 12-14% in constant currency

1hr

The company offers factory-fitted CNG options for its cars, including Alto, Celerio, Wagon-R, S-PRESSO, Eeco, Ertiga, Tour S and Super Carry.

Maruti Suzuki sells record 1.57 lakh CNG vehicles in FY20-21

Special Correspondent This is the country’s largest car maker’s highest-ever S-CNG car sales.

5hrs

File photo of a vaccine against COVID-19 for representation.

Ramping production of Remdesivir to meet demand: Pharma firms

PTI There are seven manufacturers of Remdesivir in the country.

2hrs

The Numaligarh refinery in Assam.

OIL acquires majority shares in Assam’s Numaligarh Refinery Limited

Special Correspondent Oil India Limited now has 80.16% stakes in the Numaligarh Refinery, often referred to as Assam Accord Refinery as its establishment was one of the conditions of the 1985 Assam Accord.

6hrs

A file photo of president of Toshiba Corp. Nobuaki Kurumatani, who stepped own on April 14, 2021.

Japan’s Toshiba president steps down amid acquisition talks

A view of the Monetary Authority of Singapore's headquarters in Singapore.

Singapore’s central bank leaves policy unchanged

Servify runs device protection, exchange and buyback programs for brands like Apple, Samsung, OnePlus and Xiaomi.

Device after-sales management platform Servify acquires Germany's WebToGo

2hrs

Revenue rebound: GST collections exceeded ₹1 lakh cr.in each of the last 6 months of FY21, the Ministry said. Nagara Gopal

Customs, excise fuel indirect tax surge in COVID-hit year

In small doses: Micro-containment zones may impact the economy less than the lockdown did last year. M. Srinath

‘Virus surge, vaccination pace threaten recovery’

Special Correspondent Moody’s still sees double-digit growth

All gold jewellery must bear hallmark from June

Special Correspondent No further extension sought: Nandan

Confident of surpassing 2019 sales in India: Lamborghini

Yuthika Bhargava Orders coming back in past 4- 5 months, says country head

Opinion & Analysis

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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

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

Markets

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

Sensex rises over 200 points in early trade; Nifty above 14,350

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

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

Sensex nosedives 1,708 pts amid massive sell-off; Nifty plunges below 14,350

PTI The 30-share BSE index sank 1,707.94 points or 3.44% to end at 47,883.38.

Economy

See All

File image. Photo used for representation purpose only.

Sensex, Rupee slip amid pandemic fears as inflation surges in March

Special Correspondent Household goods and services inflation hit a 10-month high while recreation and amusement services touched a 9-month high.

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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Infosys net profit rises 17.5% to ₹5,076 crore in March quarter

Ramping production of Remdesivir to meet demand: Pharma firms

Device after-sales management platform Servify acquires Germany's WebToGo

Maruti Suzuki sells record 1.57 lakh CNG vehicles in FY20-21

OIL acquires majority shares in Assam’s Numaligarh Refinery Limited

Japan’s Toshiba president steps down amid acquisition talks

Singapore’s central bank leaves policy unchanged

The MAS expects core inflation, its preferred price gauge insetting monetary policy, to rise only gradually for the rest of the year and come in at 0%–1% in 2021.

Survey shows 59% firms are eyeing raises

As the economy moves to a recovery path after a sharp decline last year, a study has shown that 59% of companies in India intend to give salary

Sops will help raise vaccine output: FICCI

There is a need to roll out incentives for COVID-19 vaccine manufacturers to help them ramp up production in a bid to cater to the rising demand

All gold jewellery must bear hallmark from June

No further extension sought: Nandan

Customs, excise fuel indirect tax surge in COVID-hit year

Overall net revenue grows 12.3%; excise and service tax revenue jumps 59%

‘Virus surge, vaccination pace threaten recovery’

Moody’s still sees double-digit growth

Capri Global unveils affordable-housing loans

Capri Global Capital Ltd., a non-banking financial company offering MSME and housing finance, said it had unveiled affordable housing loans with

Pine Labs acquires Fave in $45-mn deal

Merchant commerce solutions provider Pine Labs on Tuesday said it has acquired consumer fintech platform Fave in a deal valued at more than $45

S&P index drops Adani Port citing ties to Myanmar junta

U.S. firm flags risk from group’s relationship with military

Confident of surpassing 2019 sales in India: Lamborghini

Orders coming back in past 4- 5 months, says country head

Microsoft buys AI speech firm Nuance for $19.7 billion

The acquisition will combine solutions and expertise to deliver new cloud and AI capabilities across healthcare and other industries, the Redmond-based company noted.

Despite challenges, HMT stays in the black

Kalamassery unit posts net profit of ₹3.37 crore

Chevrolet India says faulty Takata airbags replaced in 12,000 Cruze units

Automaker Chevrolet India, part of the U.S. auto major General Motors, is inspecting and replacing faulty airbags in Cruze sedan units manufactured between 2009 and 2017

DCGI nod paves way for Sputnik V vaccine import: Dr. Reddy’s

Sputnik V will join Covishield and Covaxin that were approved and used since India launched what arguably is one of the largest inoculation programmes globally in January

Sensex rises over 200 points in early trade; Nifty above 14,350

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

Today's top business news: Shares rise after sharp virus-led decline, retail inflation quickens to 5.52%, Centre expects tax collection growth to continue despite surge in COVID-19 cases, and more

Updates from the world of economy, markets, and finance

Adani Ports removed from S&P index due to links with Myanmar military

India’s largest private multi-port operator is building a $290 million port in Yangon on land leased from the military-backed Myanmar Economic Corporation.

Air Canada, Canadian government agree on pandemic bailout

In return for the aid, the carrier is offering refunds to customers who bought non-refundable fares but did not travel due to the pandemic since February 2020.

Lockdown fears spook markets, Sensex falls 3.5%

Rupee slumps to 9-month low at 75.05

Health boost for non-life insurers in FY21

At over ₹1.98 lakh cr, gross direct premium underwritten 5.20% more

NCLT orders liquidation of sugar firm

The National Company Law Tribunal (NCLT), Chennai, has ordered liquidation of Thiru Arooran Sugars Ltd. after lenders did not find any viable plan for

Coforge to acquire controlling-stake in SLK Global for ₹918 cr.

Coforge Ltd., an IT solutions organisation, has signed definitive agreements to acquire a controlling interest in SLK Global Solutions Private Ltd.,

Auto sales fell 13.6% in year, grew 77% in March

‘Virus pushed sector back many years’

Industry seeks vaccines for all age groups, expedited supply

Lockdown is not a solution in present times, says CII

Sensex, Rupee slip amid pandemic fears as inflation surges in March

Household goods and services inflation hit a 10-month high while recreation and amusement services touched a 9-month high.

TCS reports 15% jump in Q4 net profit

Robust performance seen in verticals such as life sciences & healthcare and BFSI

Half the people still plan to travel during summer: survey

A new survey has found that 50% people in India still plan to travel during the upcoming summer holidays even as COVID-19 cases in India are

Retail inflation quickens to 5.52%

Industrial output shrinks 3.6%; ‘we are far from seeing sustained recovery, need government support’

Rupee slips 32 paise to close at 75.05 against U.S. dollar, logs sixth straight session of loss

At the interbank forex market, the local unit opened at 74.97 against the greenback and traded in the range of 74.78 to 75.14 during the day

Sensex nosedives 1,708 pts amid massive sell-off; Nifty plunges below 14,350

The 30-share BSE index sank 1,707.94 points or 3.44% to end at 47,883.38.

Advertisers spent $240 billion on mobile ads last year: report

Digital advertising grew 8% last year, providing a lucrative market for brands, according to data by media research agency MAGNA

At ₹410 crore, JC Flowers highest bidder for Sathavahana Ispat debt

A consortium comprising Canara Bank, State Bank of India, Union Bank and IFCI had called for bids for sale of the debt.

India must capture all segments of financial market to fuel growth: IMF

India has been quite innovative on digital identity, says top official Tobias Adrian

Rupee slips below 75/USD level in early trade ahead of release of key macroeconomic data

Rising crude oil prices, foreign fund outflows, spiking COVID-19 cases and heavy selling in domestic equities too weighed on the domestic currency.

Sensex nosedives over 1,400 points in early trade; Nifty tests 14,400

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo were in the red in mid-session deals, while Seoul was trading with mild gains.

Flipkart joins hands with Adani group

As per the deal, a new fulfilment centre spread across 5.34 lakh sq. ft. will be opened in Mumbai.

Today's top business news: Shares plunge as raging virus threatens economic recovery, WeWork India raises Rs 200 crore from investors, rupee logs 6th straight session of loss, and more

Updates from the world of economy, markets, and finance

Stocks dance to rate tunes

Why did some stocks react to the RBI’s decision to hold interest rates?The stocks that rallied in the wake of the RBI’s monetary policy announcement

Ask us: on investments

Mutual funds are not meant to provide regular dividend options.

Moment of truth in a policy contract

Premium paid for a policy is not an investment, and the quantum of claim is not an RoI

How to duck small savings rate cut

Senior citizens will still have a plethora of fixed-return choices

Investment projects bounce back in Q4: report

Project execution rate highest since March 2016; private sector and government-backed capital spending taking off

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