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Business

Truecaller unveils enterprise solutions for business

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

Asus eyes 20% of India’s consumer laptop market

Taiwan firm ‘in talks’ to make in India

‘India’s public debt level among highest in emerging economies’

Debt affordability among weakest alongside Ghana: Moody’s

Google unveils $2bn data hub in Poland

Prime Minister Mateusz Morawiecki hailed the new hub saying it would ensure "better service from private and public entities" and strengthen security because the data would be stored in Poland

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

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

Ramping production of Remdesivir to meet demand: Pharma firms

There are seven manufacturers of Remdesivir in the country.

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

Servify looking at doubling its team from 410 employees to support growth and expansion.

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

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

OIL acquires majority shares in Assam’s Numaligarh Refinery Limited

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.

Japan’s Toshiba president steps down amid acquisition talks

Nobuaki Kurumatani will be replaced as chief executive and president by his predecessor, Satoshi Tsunakawa, who remained on the board, first as COO and currently chairman.

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.

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