News

Musk sends bitcoin tumbling with shock u-turn on payments

ET News - 38 min ago
The largest cryptocurrency dropped as much as 15% in Asian trading, sliding below $50,000, before paring some of the drop. It was down about 8% to $50,190 as of 10:53 a.m. in Tokyo. The were reports of outages at digital-token exchanges as people rushed to sell.
Categories: Business News

MSCI rejig likely to result in inflows of Rs 10,000 crore by month end

ET News - 38 min ago
These changes are expected to result in flows of about $1.35 billion (Rs 10,000 crore) into these stocks by end of this month, according to analysts’ estimates.
Categories: Business News

Street bets on GCPL’s rise under new CEO

ET News - 38 min ago
Even as most of the FMCG companies outperformed the bourses in recent years, GCPL has been an under-performer. For instance, while stocks of most frontline FMCG companies are trading at or near their record highs, the GCPL stock was trading nearly 30 per cent below its record high hit in 2018 before the new CEO announcement.
Categories: Business News

Masayoshi Son rejigs InMobi investment ahead of $1 billion IPO

ET News - 38 min ago
InMobi, the country’s first technology firm to break the billion-dollar unicorn valuation barrier, has kickstarted its US listing process by appointing three investment banks -- including JP Morgan and Goldman Sachs – as advisors to help raise $500 million to $1 billion, the people said.
Categories: Business News

Cash in circulation at a decadal high even as digital payments soar

ET News - 38 min ago
Experts attributed higher cash storage to various factors: Withdrawal of benefit payouts and subsidies from Jan Dhan accounts, better agriculture output and farm-gate receipts, and even a statistical base effect. To be sure, the economy as a whole is expected to have either contracted or remained unchanged through FY21 after the record first-quarter shrinkage.
Categories: Business News

March factory output up 22.4% on low base effect

ET News - 38 min ago
The index of industrial production (IIP) shrank 0.8% in FY20 compared with the contraction of 8.6% in FY21. India imposed a nationwide lockdown toward the end of March last year, which was lifted in phases. Closures have returned due to the second Covid wave.
Categories: Business News

Curbs on government procurement from China, neighbours may be eased

ET News - 38 min ago
The condition of pre-registration of suppliers from land-border countries has already been waived for tenders of less than Rs 200 crore, said a government official. This means that those applying for procurement tenders below this threshold won’t need prior registration or security clearance.
Categories: Business News

India must start its road to economic recovery with aggressive spending

Business Standard - 1 hour 17 min ago
Well-executed policy measures will help meet the challenge of the coronavirus pandemic.
Categories: Business News

Adani coal contractor asks Australian government for insurance help

MoneyControl Business News - 1 hour 21 min ago
BMD Constructions Pty Ltd is building a section of a 210 km (130 mile) rail line that will service Adani#39;s controversial Carmichael mine in northern Queensland state, which is due to start operations later this year.
Categories: Business News

UN should press China to end crimes against Uyghurs: Human Rights Watch

Business Standard - 1 hour 22 min ago
United Nations members should press the Chinese government to end its crimes against humanity against Uyghurs and other Turkic Muslims, said Human Rights Watch (HRW) on Wednesday
Categories: Business News

Serum Institute has promised 15 mn vaccine doses to Maharashtra: Minister

Business Standard - 1 hour 22 min ago
Serum Institute of India CEO Adar Poonawalla has promised Chief Minister Uddhav Thackeray to deliver 15 million doses of Covishield to Maharashtra after May 20, said the state health minister
Categories: Business News

Indian-American Congressman meets Kamala Harris over Covid crisis in India

Business Standard - 1 hour 22 min ago
Congressman Ami Bera, the longest-serving Indian-American in the Congress, met Vice President Kamala Harris at the White House here to discuss the Covid-19 crisis in India
Categories: Business News

People getting vaccine from 'unauthorised' centre in Assam; probe ordered

Business Standard - 1 hour 22 min ago
The Cachar district authorities of Assam on Wednesday ordered an investigation after a media report claimed that people were inoculated against Covid in an unauthorised vaccination centre
Categories: Business News

Oxygen shortage in India sparks demand for $1,000 concentrator machines

Business Standard - 1 hour 36 min ago
When health-care facilities are running short of oxygen tanks and beds, the portable machine is becoming a line of defense for those seeking to avert breathing difficulties while recuperating at home.
Categories: Business News

Oil prices rise to 8-week high on demand hopes; US export decline

Business Standard - 1 hour 36 min ago
Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand
Categories: Business News

Cryptocurrency ethereum hits another record high as 2021 gains near 500%

Business Standard - 1 hour 36 min ago
Cryptocurrency Ether hit another record high on Wednesday, taking gains this year to close to 500% on the back of growing interest in decentralized finance applications
Categories: Business News

Coronavirus LIVE: India records 362,406 new cases; global tally at 161 mn

Business Standard - 1 hour 55 min ago
Coronavirus live updates: India recorded 362,406 fresh Covid-19 infections today, taking the caseload tally to 23,702,832. Stay tuned for corona-related news
Categories: Business News

Of world's 100 cities at greatest environmental risk, India has 43: Report

Business Standard - 1 hour 55 min ago
1.5 billion people live in 414 cities that are at high risk from pollution, water shortages, extreme heat, and the impacts of climate change.
Categories: Business News

US CDC panel recommends Pfizer Covid-19 vaccine for 12-15 age group

Business Standard - 2 hours 5 min ago
An advisory panel of the Centres for Disease Control and Prevention on Wednesday (local time) recommended the use of Pfizer-BioNTech Covid-19 vaccine for children aged between 12 and 15
Categories: Business News

WHO's recognition of Sputnik V vaccine underway: UN Secretary-General

Business Standard - 2 hours 5 min ago
UN Secretary-General Antonio Guterres said that the process of recognition by WHO of Russian coronavirus vaccine Sputnik V was underway, and the UN would welcome its completion
Categories: Business News