Rupee unlikely to get any tailwind this fiscal: Report
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...
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Gold falls Rs 478; silver tumbles Rs 1,265
21 July 2022 | PTI -
Karnataka, Telangana, Haryana bag top 3 ranks among major states in Niti's innovation index
21 July 2022 | PTI -
Windfall tax on fuel export, domestic crude oil slashed
21 July 2022 | PTI -
CPP’s Make in India initiative
21 July 2022 | PTI -
ITC will continue to deliver robust growth, says CMD Puri
21 July 2022 | PTI -
Maruti Suzuki unveils mid-sized SUV ‘Grand Vitara'
21 July 2022 | PTI -
Reliance Industries shares climb over 4%; ONGC jumps 7%
21 July 2022 | PTI
Citroen drives in all-new C3 in India with price starting at Rs 5.7L
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%
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
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
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
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
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
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...
