India better placed on growth-inflation-external balance triangle: FinMin report

On the price situation, the review said in absence of any further shocks, the downward movement of global commodity prices along with the RBI's monetary measures and the government's fiscal policies are expected to cap inflationary pressures in the coming months

Besides digital push, pvt banks also adding branches: Report

On the digital front, both private and public sector lenders continue to focus on digital apps, allowing customers to conduct basic banking operations without having to step out of their homes, during the pandemic.

Your name, address, password etc will be shared by IRCTC to monetise passenger data

A tender floated by IRCTC also talks about studying ‘behavioural data’ such as flow of passengers, class of journey, frequency of journey, tracking passengers’ travel timings, booking timings, payment mode etc in a bid to monetise it

Base metals prices crash up to 32%, hurt domestic producers

On the steel front, hot-rolled coil prices have fallen by 19% to Rs 59,250 a tonne in July from Rs 73,500 a tonne in March. With subdued domestic demand and exports, steel mills are resorting to price cuts almost on a weekly basis. As on August 17, HRC price in the Mumbai wholesale market stood at Rs 57,300 a tonne.

New digital lending norms to ring in changes in operating model of NBFCs, say experts

New norms are mostly customer-centric but fail to address issue created by apps that don’t have a regulated entity backing them

At Paytm AGM, Vijay Shekhar Sharma uses charm offensive to win over angry investors

Shareholders asked difficult questions about profitability and share prices in fintech unicorn’s first annual gathering of shareholders after listing

Big CPSEs step up capex, to aid investment revival

The capex target for the 59 entities — 54 CPSEs and 5 departmental arms — with an annual capex of at least Rs 100 crore is set at Rs 6.62 trillion for FY23.

US natural gas prices could spike 60% this winter as the global energy crisis drags on, Truist analyst says

US natural gas prices could surge to $12-$15 in the coming months, a Truist analyst said. The US has become the top supplier of the energy commodity.

HBO confirms its 'Game of Thrones' spinoff will be available in Russia, despite parent company WarnerMedia suspending 'new business' there

HBO told Insider it's continuing to "fulfill contractual obligations (where entities aren't sanctioned)."

After Mother Dairy, Amul, this brand has also increased milk prices

The Punjab Milk cooperative Milkfed Verka hikes milk price by Rs 2 per litre from today onwards

'Running 200 double-decker EVs is like planting 86,000 trees every year': Mahesh Babu, CEO, Switch Mobility

The next five years are critical. Subsidies are not going to continue and financing for these large buses needs to be addressed, said the Switch Mobility CEO.

SFBs eye diversification to boost secured lending

Of gross advances of Rs 21,688 crore made in Q1FY23, 38% were meant for small businesses and agricultural loans while 24% comprised vehicle finance. The bank has guided that microfinance loans will constitute 10-15% of overall loans.

Stocks are in the midst of a 'classic' bear-market rally and the lows haven't been seen yet, says Bank of America

Just four four stocks - Apple, Microsoft, Amazon, and Tesla - contributed 30% of the S&P 500's gain during its latest bear-market rally, BofA says.

Gold Bond issue price fixed at Rs 5,197/gm of gold; subscription to open on Monday

The scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings.

Gratuity scheme for contract and private workers in the public sector, here’s what government has to say

The Government had said that there would be no change in the gratuity norms

World Photography Day 2022: Blockbuster deals on - Up to 65% off on cameras, gimbals, ring lights, tripods

World Photography Day sale is live from August 19 to August 25, 2022.

India Today Group forays into original content space; launches new digital vertical 'India Today Originals'

This year India Today Originals will see two True Crime- documentary series , Indian Predator- Diary of a serial Killer streaming on Netflix and Dancing on the Grave on Amazon Prime Video, India’s two most prominent streaming platforms.

Dukkantek seals $10 million funding round led by BECO

Dukkantek, which was founded in January 2021 by Ali Al Sayegh, Sanad Yaghi, and Shadi Joulani, has so far scaled across the MENA region with SMB retailers adopting their technology for customer services, business processes, and faster growth, the company said.

After the disaster of office-rental startup Knotel last year, its founder Amol Sarva is now back as a VC with a $100 million fund

Knotel went from a $1.6 billion valuation to bankruptcy last year. Now, its founder Amol Sarva. has reemerged with the launch of a $100 million fund.

IRDAI’s working group suggests standardization of products, condition to increase penetration of health insurance in India

As per the suggestions given by the working group, different insurance covers should be converted into one standard product. The insurance companies must have the right to set price of the insurance premium

Russia's Gazprom announces surprise plans to shutter the Nord Stream 1 gas pipeline for 3 days

On Friday, Gazprom said the maintenance shutdown would take place between August 31 and September 2.

Dewas: Important projects discussed in first Mayor-in-Council meeting

Dewas (Madhya Pradesh): Mayor Geeta Durgesh Agrawal chaired the first meeting of the Mayor-in-Council (MiC) at the Municipal Corporation meeting hall. In the meeting, the projects prepared for the development of the city were approved. Along with this, complete information about the construction works project of inter-state bus terminal (ISBT) unde...

Google, Blackrock, Morgan Stanley among top 100 public cos investing in blockchain and crypto companies

The 40 companies invested approximately $6B into blockchain startups between September 2021 and June 2022.

Indore: Sanchi hikes milk rates by Rs 2 a litre

Indore (Madhya Pradesh): Sanchi has hiked its price of milk by Rs 2 per litre, which will be effective from Saturday. Sanchi has followed the footsteps of Amul and Mother Dairy, who have already increased their price of milk by Rs 2 per litre. After open milk, Sanchi is by far the biggest seller of branded milk in eight districts of the division an...

Uni temporarily suspends two of its cards

Uni, which was one of SBM’s card partners, said the process will begin in phases for its customers starting Friday, and will be concluded by August 22.

Sebi joins RBI's Account Aggregator framework to ease access to financial information

AAs are licensed by the RBI to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs). The user has to give consent on what data can be shared.

Weekly market wrap: Nifty, Sensex gained for the fifth week in a row despite the losses on Friday

As many as 26 stocks in the Nifty index delivered a positive return to investors last week.

At an expense ratio of 0.0945%, this ETF lets you own all stocks listed on S&P 500 index

This ETF is the one to buy if you want to own the entire basket of stocks listed on the S&P 500 index.

Taxpayers get more time to claim foreign tax credit

Further, the FTC can now be claimed even when filing an updated return of income provided Form-67 is furnished before filing such return.

Jubilant Foodworks bullish on India, to accelerate pace of network expansion

Besides, Jubilant Foodworks also brought US Fried Chicken brand Popeyes in India in FY22 and launched its first store in Bengaluru in January 2022.

Covestro to invest 27 million euro for sustainable polycarbonates

Covestro plans to boost capability to deliver over 60,000 tonnes per year of recycled polycarbonates used primarily for automotive applications, electrical and electronic products and consumer goods.

RBI says inflation easing, but uncertainty still looms

Mumbai: Members of the monetary policy committee (MPC), while raising rates in their meeting earlier this month, acknowledged that there had been an easing of prices. But, given the uncertain macro situation, they all felt the need to continue with policy action until inflation eases.“Though there are early indications that inflation might have pea...

ICICI Bank hikes rates on fixed deposits

ICICI Bank has set the rates on retail fixed deposits ranging from one year to five years between 5.50% and 6.10%, with rates on one-year deposit being 5.50%. The bank will offer an interest rate of 6.05% on bulk deposits of one-year tenure.

Joe Manchin swipes at Kyrsten Sinema, arguing she 'made us wait two years' to pass prescription drug reform

"We had a senator from Arizona who basically didn't let us go as far as we needed to go," Manchin said in a Friday roundtable.

Tata Altroz CNG may launch soon in India, here's what we know

Tata Motors has began testing the Nexon CNG and Altroz CNG in India Both were seen with emission testing equipment

Why surfactant manufacturers want removal of import duties on saturated fatty alcohol

High raw material prices is stoking high inflation in the home- and personal-care product segment. Many factors such as supply-chain disruptions and high commodity prices are already hitting domestic producers heavily below the belt. Surfactant producers, one of the key suppliers to the home and personal care segment, have also been hit hard by suc...

5 must-have employee benefits business owners should offer to ensure retention and well-being

While addressing external factors in an employee's life is vital, so is giving an individual the option to seek help for issues within the workplace

Apple could soar more than 30% as its outperformance against the broader stock market provides a bullish setup, BofA says

If Apple can break above its December 2021 peak of around $183, Suttmeier expects a measured move price objective in the $230 range for the iPhone maker.

New herbal cigarette & tobacco helps in de-addiction

MUMBAI: Sameer Lolyekar from Duncanville, Texas (US), used to smoke around 15 cigarettes a day until a few months ago. After his recent visit to Mumbai, he has replaced 50% of his tobacco cigarettes with a new herbal cigarette brand, Maruk, based out of Pune. Now that he has introduced many of his friends and family members to this new herbal smoke...

Govt revises guidelines for arrests in Customs offences

Mumbai: The central government recently revised the guidelines for the arrest and bail in relation to the offences punishable under the Customs Act, 1962. In the revised guidelines, the government has clarified that arrests in respect of an offence, should be effected only in exceptional situations which may include, cases involving unauthorised im...

Farm and rural workers' retail inflation increased to 6.6 % and 6.82 %, in July

Retail inflation for farm and rural workers increased to 6 60 per cent and 6 82 per cent respectively in July mainly due to higher prices of certain food items

SBI sells KSK Mahanadi Power loan account to Aditya Birla ARC for Rs 1,622 crore

"SBI initiated open offer e-auction towards sale of fund based exposure of KSK Mahanadi Power Co. Ltd on 100 per cent cash basis on April 20, 2022 for a reserve price of Rs 1,544.08 crore," SBI said in a regualtory filing on Thursday.

US stocks fall to break 4-week win streak as Fed officials signal more hawkish rate hikes

The market ended with losing week with more than $2 trillion worth of options expiring. The Fed's Thomas Barkin spoke in Maryland Friday.

VCs welcome SEBI's new guideline on overseas investments

These relaxations will help Indian funds be more competitive compared to global peers and bring in better geographical diversity to their portfolios.

TCS, Wipro and other IT firms are increasing salary hikes by up to 120%, know why

Full stack engineers should expect a wage increase from 70 to 120 percent from IT organizations

Addressing crypto-fears

If the rupee-trade settlements route is expanded to crypto-trading, the dollarisation concerns can subside

TikTok's in-app browser has code that could be used to track data like passwords and credit card numbers — and Apple should ramp up security to prevent it, a researcher says

A researcher says he found code in TikTok that allows it to access sensitive user data. He is calling on Apple to be more strict about its app store review process.

Sweet & sour for Indian industry

The changes introduced to the Competition Amendment Bill are revolutionary, visionary, and innovative; however, much depends on its successful implementation

UIDAI update: Step-by-step guide to check how many mobile numbers are linked with your Aadhaar card

Aadhaar card update TAFCOP has been launched to check SIM cards registered in their Aadhaar

Adani Power to acquire DB Power's Chhattisgarh thermal power plant

Adani Power Ltd, India's largest private thermal power producer, said on August 19 it is acquiring DB Power Ltd's thermal power plant in Chhattisgarh's Janjgir Champa district for Rs 7,017 crore. DB Power owns and operates a 2x600 MW thermal power plant in Chhattisgarh, which had a turnover of Rs 3,488 crore for FY 2021-22. The acquisition of DB Power will help Adani Power expand its offerings and operations in the thermal power sector in the...