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Economy

Work with India on funding infra, Sitharaman urges NDB

Alstom bags ₹1,854-cr. order for metro cars

Alstom has bagged a contract from Mumbai Metropolitan Region Development Authority for design, manufacture, supply, test and commission of 234 metro

Govt. releases GST dues of ₹44,000 crore

The Centre has released ₹44,000 crore of GST-related dues to States and Union Territories, whittling down unpaid GST compensation to States for FY21

SatCom industry forms representative body

With the Government of India opening up the sector for private players, various stakeholders from the satellite communication ecosystem, including

Harsh Vardhan Patodia is CREDAI’s new national president for 2021-23

The Confederation of Real Estate Developers’ Associations of India (CREDAI) has announced Harsh Vardhan Patodia, MD, Unimark Group, Kolkata, as its

LinkedIn puts out top 10 jobs, skills in India

Some 10 job roles were hot in India as per December 2020 data released by Microsoft-owned professional platform, LinkedIn.These positions included:

Automatic recurring payment to comply with RBI direction from April 1

Come April there will be no automatic recurring payment for various services including recharge and utility bill as RBI has made Additional Factor

Epic Games files complaint against Apple with UK regulator

Payment policies related to Apple's App Store have long drawn complaints from app developers as they requires them to use its payment system, which charges commission of between 15% and 30%.

PayPal launches crypto checkout service

The service, which PayPal revealed it was working on late last year, will be available at all of its 29 million merchants in the coming months, the company said.

India, U.S. to revamp energy ties

The two leaders reviewed the India-U.S. Strategic Energy Partnership (SEP)

Rupee slumps 87 paise to close at 73.38 against U.S. dollar

At the interbank forex market, the local unit opened at 72.85 against the greenback and traded in the range of 72.77-73.47 during the day

Gold falls ₹138, silver declines ₹320

Gold dipped by ₹138 to ₹44,113 per 10 gram in the national capital on Tuesday amid decline in global precious metal prices, according to HDFC

Petrol price cut by 22 paise, diesel by 23 paise

Petrol now costs ₹90.56 per litre in Delhi and a litre of diesel comes for ₹80.87

This multi-lingual bot is transforming digital banking in rural India

Bengaluru-based voice automation company, Vernacular.ai’s AI voice assistant VIVA, which understands 16 languages and more than 160 dialects, is being implemented across banks in rural India.

These crypto-influencers distributed more than $20,000 of crypto to ‘homeless’ on Wall Street

Token model architect Eloisa Marchesoni and growth hacker Giacomo Arcaro took to New York City’s Wall Street to offer Ether crypto to the unhoused to fund potential ‘street startups’

Indian Premier League | Puma becomes official kit partner of RCB

Puma will now have exclusive retailing rights to RCB’s take down and replica jerseys, adding pan-India merchandise reach for the franchise across retail and e-commerce channels

Sensex rallies over 500 points in early trade; Nifty tops 14,650

Domestic financial markets were closed on Monday for Holi.

Rupee slumps 34 paise to 72.85 against U.S. dollar in early trade

The forex market was closed on Monday on account of Holi.

Today's top business news: Shares rise over 2% boosted by bank stocks, UN expects India's 2021 economic output to likely remain below 2019 level, petrol and diesel prices cut, and more

Updates from the world of economy, markets, and finance

MobiKwik asserts all user, firm’s data ‘safe, secure’

Payments app reacts to reports of leak

Equitas SFB names retail, unit chiefs

Equitas Small Finance Bank (ESFB) has roped in industry veterans for its retail assets, technology, digital, operations and human resources

Biocon ties with Brazil’s Libbs for generic drugs

Biopharmaceutical major Biocon on Monday said wholly owned subsidiary Biocon Pharma has formed a partnership with Brazilian firm Libbs Farmaceutica to

T.N.’s capex push bolsters growth hopes

Revised estimates 8.7% higher than budgeted; ‘surprising positive’, says research firm Ind-Ra

‘Start-ups to see upswing by mid-2021’

While the pandemic’s impact on the start-up segment was “debilitating” with about 15% temporarily shutting shop, Wadhwani Foundation — a

1Organic to foray into South, raise capital

Organic food firm on a ‘health mission’

Kalyan Jewellers to widen retail footprint by 13%

Firm plans expansion in Q1 of FY22

Demand for small, medium ticket houses back, says Shriram HF CEO

‘Work-from-home has spurred demand; people looking to upgrade their homes’

Ascendas India trust signs ₹1,441-crore IT park deal

Firm to eventually buy 100% of project

Centre gets multiple EoIs for privatisation of NINL

‘Transaction is now at second stage’

Visa moves to allow payment settlements using cryptocurrency

The cryptocurrency wallet will deposit traditional fiat currency in a bank account, to be wired to Visa at the end of the day to settle any transactions, adding cost and complexity for businesses.

I’ve had many humbling moments on ‘The Apprentice’, says Niraj Puran Rao

Competing in ‘The Apprentice ONE Championship’, which combines business and martial arts, Pune-based Niraj Puran Rao talks about representing India and why ‘biz talk’ in sports should be highlighted

Nomura, Credit Suisse warn after Archegos share dump

Japanese, Swiss bank say they face big losses from a default

U.S. trade chief readies tariffs against six countries over digital taxes

The United States also is maintaining a more advanced tariff threat against $1.3 billion in imports of French Champagne, cosmetics, handbags and other goods in retaliation for France's digital tax.

Facebook, Google plan new undersea cables to connect Southeast Asia and America

The two cables, which will need regulatory approval, follow previous investments by Facebook to build up connectivity in Indonesia, one of its top five markets globally.

Chinese apps join celebs in backlash against Western fashion brands over Xinjiang

The cotton row has spilled over into the entertainment world, with Chinese celebrities dropping several foreign retail labels, including six U.S. brands such as Nike.

Business Live:

Updates from the world of economy, markets, and finance

Financial planning requires expertise, RIAs may be able to help

This would mean a longer wait to recoup capital losses before making a return.

Ask us: A pension plan can fund your retired life

An annuity policy should find a place in your basket of retirement investments. The return on investment may not look attractive, but remember it is

Give yourself guaranteed returns

Such products help you with protection, while aiding in wealth-building

India a potential market for recently-launched new-gen Panamera sedan: Porsche

"For sure, India can also become a Panamera market in future.”

Banks to conduct special clearing operations for closure of govt accounts on Mar 31: RBI

"It is mandatory for all banks to participate in the special clearing operations on March 31, 2021.”

Coal India likely to post marginal production de-growth in FY21

Covid-19 disruptions caused a lower demand forcing the miner to moderate the output, officials say.

Strongly believe in India story, will continue physical expansion despite COVID-19 disruptions: KFC

KFC India had a restaurant count of about 450 and at present it has over 480 restaurants

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