Rupee unlikely to get any tailwind this fiscal: Report

Rupee unlikely to get any tailwind this fiscal: Report

Friday, 22 July 2022 | PTI | Mumbai

The rupee, which has plumbed the 80-level against the US dollar, is unlikely to get any tailwind this fiscal and may fall further in the medium term due to higher crude prices and imports, says a report. In the report on Thursday, Swiss brokerage UBS Securities said the rupee, which has...

Citroen drives in all-new C3 in India with price starting at Rs 5.7L

Thursday, 21 July 2022 | PTI | New Delhi

Automaker Citroen India on Wednesday launched its all-new model C3 with introductory prices starting at Rs 5.7 lakh (ex-showroom). The company, which is a part of the Stellantis group formed by the merger of two global auto majors FCA and Groupe PSA, has forayed into the fast-growing sub-4 meter segment...

‘India's exports grow 25% in FY-22; imports fall 1.68%

Thursday, 21 July 2022 | PTI | New Delhi

The exports of finished steel from India jumped over 25 per cent to 13.49 million tonne (MT) in 2021-22, Union Minister Faggan Singh Kulaste said Wednesday. During the preceding 2020-21 fiscal, the exports stood at 10.78 MT, the Minister of State for Steel said in a reply to the Lok Sabha. The...

Tata Steel ropes in Australia's BHP to jointly study low-emission steelmaking technology

Thursday, 21 July 2022 | PTI | New Delhi

Homegrown Tata Steel has partnered with Australia-based BHP to jointly explore low carbon 'iron and steelmaking' technology. The partnership aims to help both companies progress toward their climate change goals, and support India's ambitions to be carbon neutral by 2070, the domestic steel major said on Wednesday. Tata Steel has signed a...

FPIs, mutual funds increase stake in Paytm

Thursday, 21 July 2022 | PTI | New Delhi

Foreign portfolio investors and mutual funds have marginally increased stake in Paytm's parent company One97 Communications, according to a regulatory filing. The shareholding pattern of One97 Communications for June quarter 2022-23 shows that the number of shareholders as foreign portfolio investors (FPIs) rose from 54 to 83, taking the number of...

Gold marginally higher; silver jumps Rs 35

Thursday, 21 July 2022 | PTI | New Delhi

Gold in the national capital on Wednesday rose by Rs 20 to Rs 50,202 per 10 grams, according to HDFC Securities. In the previous trade, the precious metal finished at Rs 50,182 per 10 grams. Silver also gained Rs 35 to Rs 55,467 per kg from Rs 55,432 per kg in the...

Higher customs duty to hit gold jewellery demand this fiscal: Report

Thursday, 21 July 2022 | PTI | Mumbai

India's gold jewellery demand is likely to fall by 5 per cent to 550 tonnes this fiscal, mainly due to the hike in customs duty, according to a report. Rating agency Crisil on Wednesday said the hike in customs duty on gold by 5 per cent to 12.5 per cent on...

Wipro Q1 net profit falls nearly 21% to Rs 2,563.6 crore

Thursday, 21 July 2022 | PTI | New Delhi

IT services company Wipro Ltd on Wednesday reported about a 21 per cent year-on-year fall in its consolidated net profit to Rs 2,563.6 crore for the first quarter ended June 2022. The profit for the period (attributable to the equity holders of the company) stood at Rs 3,242.6 crore in the...

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