Business News

RBI rate hikes: Sitharaman says with inflation falling, pressure on MPC to keep increasing rates now less
business

RBI rate hikes: Sitharaman says with inflation falling, pressure on MPC to keep increasing rates now less

Finance Minister Nirmala Sitharaman's comments come at a time when the Reserve Bank of India (RBI) hiked key interest rates by 225 bps since May 2022 to battle the rising inflation

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18
business

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18

Finance Minister Nirmala Sitharaman said, 'The major push for startups happened in 2016 when the honourable Prime Minister announced a policy. And subsequently year after year giving concessions'

Nirmala Sitharaman to Network18: FM's take on capex, privatisation and message to global investors
business

Nirmala Sitharaman to Network18: FM's take on capex, privatisation and message to global investors

Finance Minister Nirmala Sitharaman said India remains a well governed and a very well regulated financial market

US Federal Reserve lifts rate by quarter-point but says inflation is easing
business

US Federal Reserve lifts rate by quarter-point but says inflation is easing

The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes

Shotgun Marriage: Union Bank of Switzerland chief says integrating UBS-Credit Suisse is risky
world

Shotgun Marriage: Union Bank of Switzerland chief says integrating UBS-Credit Suisse is risky

UBS and Credit Suisse, the second-biggest bank in Switzerland, were both among the select banks around the world considered to be global systemically important financial institutions

From April 1, wallet to wallet UPI payments above Rs 2,000 to attract 1.1% cost
business

From April 1, wallet to wallet UPI payments above Rs 2,000 to attract 1.1% cost

The National Payments Corporation of India has advised that Prepaid Payment Instrument (PPI) fees should be applied to merchant transactions on UPI from next month

Gold price today: Rates see a decline in major cities; know latest figures
business

Gold price today: Rates see a decline in major cities; know latest figures

According to the MCX data, the gold futures dropped by 0.24 per cent to stand at Rs 58,900 and silver futures dropped by 0.25 per cent to Rs 70,411

India to use G20 platform to improve rupee trade with countries facing currency issues
world

India to use G20 platform to improve rupee trade with countries facing currency issues

India's Commerce Secretary Sunil Barthwal said New Delhi is interested on settling international trade with more countries in Indian rupees

Gold price today: Rates see a fall in major cities; check latest prices
business

Gold price today: Rates see a fall in major cities; check latest prices

According to the MCX data, the gold futures rose 0.15 per cent to stand at Rs 58,615 and silver futures went up by 0.06 per cent to trade at Rs 69,965

Rupee races to replace dollar: Egypt latest entrant to club of countries wanting to trade in INR
world

Rupee races to replace dollar: Egypt latest entrant to club of countries wanting to trade in INR

Egypt needs another six ship loads of rice, which could weigh over 1.5 lakh tonnes, it has sought to make the payment in INR

TIMELINE: Know all about the global banking crisis in 10 points
world

TIMELINE: Know all about the global banking crisis in 10 points

Federal Reserve Chair Jerome Powell, on 22 March, had said SVB's failure is not indicative of wider weaknesses in the banking system

Gold price today: 10 grams of 24-carat sold at Rs 59,730; silver at Rs 73,300 per kilo?
business

Gold price today: 10 grams of 24-carat sold at Rs 59,730; silver at Rs 73,300 per kilo?

According to the MCX data, gold futures fell by 0.4 per cent to Rs 59,035 and silver futures dropped by 0.25 per cent to stand at Rs 70,233

Gold price today: 10 grams of 24-carat sold at Rs 59,840; silver at Rs 73,300 per kilo
business

Gold price today: 10 grams of 24-carat sold at Rs 59,840; silver at Rs 73,300 per kilo

If we look at prices in Lucknow and Bhubaneswar, 10 grams of 22-carat is being sold at Rs 54,950 and Rs 54,850 respectively. The same amount of 24-carat of the yellow metal is being traded at Rs 59,990 and Rs 59,840 respectively.

Black Friday for Deutsche Bank as shares take big hit to tumble over 14%
world

Black Friday for Deutsche Bank as shares take big hit to tumble over 14%

The sharp fall in Deutsche Bank shares highlights fear among investors about the overall stability of the European bank

Gold price today: 10 grams of 24-carat priced at Rs 60,000; silver falls to Rs 73,000 per kilo
business

Gold price today: 10 grams of 24-carat priced at Rs 60,000; silver falls to Rs 73,000 per kilo

The value of 22-carat gold in Mysore and Patna stands at Rs 55,050; the same amount of 24-carat purity is being traded at Rs 60,050 in the above cities.

Severe recession likely next year, economy headed into a ‘Bermuda Triangle’ of financial crisis: Nouriel Roubini
world

Severe recession likely next year, economy headed into a ‘Bermuda Triangle’ of financial crisis: Nouriel Roubini

Noted economist Nouriel Roubini said as central bankers continue to tighten monetary policy, the economy was risking another financial crisis

Lok Sabha passes Budget envisaging expenditure of Rs 45 lakh crore for FY'24
india

Lok Sabha passes Budget envisaging expenditure of Rs 45 lakh crore for FY'24

As the House resumed at 6 pm, Union Finance Minister Nirmala Sitharaman moved the Demands for Grants for 2023-24 and relevant appropriation Bills for discussion and voting

IT layoffs: Accenture to cut 19,000 jobs, trims growth forecast
world

IT layoffs: Accenture to cut 19,000 jobs, trims growth forecast

Accenture expects annual revenue growth to be between 8 per cent and 10 per cent compared to the previous projection of 8 per cent to 11 per cent increase

Govt extends deadline to link Aadhaar with voter ID till 31 March, 2024; check steps
business

Govt extends deadline to link Aadhaar with voter ID till 31 March, 2024; check steps

People can now link their Aadhaar card with Voter ID both online as well as via SMS. However, the Centre mentioned that the Aadhaar-Voter linking is voluntary and not a mandate

Gold price today: 10 grams of 24-carat sold at Rs 59,130; silver at Rs 71,600 per kilo
business

Gold price today: 10 grams of 24-carat sold at Rs 59,130; silver at Rs 71,600 per kilo

According to the MCX data, gold futures rose by 0.82 per cent to Rs 59,238.00 and silver futures also increased by 0.71 per cent to Rs 69,799.00