Rupee has behaved in an orderly manner, says RBI Governor

New Delhi (IANS) With the rupee witnessing a downward spiral for the past several weeks, even crossing the 83 mark against the US dollar, RBI Governor Shaktikanta Das on Wednesday said that the Indian currency has behaved in an orderly manner and…

IDBI Bank declared former directors of Amtek Auto Ltd 'fraud', CBI to SC

New Delhi (IANS) The CBI has told the Supreme Court that IDBI Bank has declared the former promoters/directors of Amtek Auto Ltd as "fraud" on September 26, and reported it to the RBI on October 4, and is in process of filing a complaint against them,…

Sugar export ban extended till Oct 31, 2023

New Delhi (IANS) The Centre has extended the ban on sugar exports by a year till October 31, 2023 to ensure a check on the domestic prices and its availability in the country.

The move is being seen as a step towards curbing rising food inflation.

Global tablet market down 16%, Apple maintains lead

New Delhi (IANS) Despite the global tablet market declining by 16 per cent (year-on-year) in the third quarter this year, Apple marinated the lead with 39 per cent market share and shipped 14.7 million units.

According to Strategy Analytics,…

Infosys declares interim dividend of Rs 16.50 per equity share; Akshata Murthy to get 64.27cr

Bengaluru (IANS) Software giant Infosys on Friday declared an interim dividend of Rs 16.50 per equity share for shareholders for the year 2022-23, while Akshata Murthy, wife of UK Prime Minister Rishi Sunak, will get a dividend of Rs 64.27 crore.

Forex reserves fall to 2-year low of $524 billion

New Delhi (IANS) Foreign exchange reserves fell $3.8 billion to a two-year-low of $524.52 billion in the week ended October 21, data released by the Reserve Bank of India (RBI) on Friday revealed.

This is the lowest level at which foreign exchange…

Flipkart losses widens to Rs 4,362 cr in FY22, up 51%

New Delhi (IANS) Walmart-owned Flipkart's losses widened to Rs 4,362 crore in FY22, a 51 per cent increase from the last financial year.

The e-commerce platform reported Rs 10,659 crore as revenues in FY22, an increase of 31 per cent (-on-year),…

OPPO fastest-growing with 14% growth in Q3 among top 5 vendors in India

New Delhi (IANS) Global smart device brand OPPO on Thursday revealed it has emerged as the fastest-growing vendor (year-on-year) among the top five vendors in India, according to the Q3 2022 shipment report by market research firm Canalys.

OPPO…

Housing sales in top 7 cities gain momentum

New Delhi (IANS) Going by the momentum of housing sales in the ongoing festive period and that of the first three quarters of this year, 2022 is likely to breach the previous peak of 2014 with an all-time high sales across the top seven cities.

India Space Congress 2022 enables startups to partner in $1.5tn space economy

New Delhi (IANS) With a view to nurture the growing interest of deep space tech startups in India, India Space Congress, 2022 (ISC'22) announced a number of initiatives to showcase excellence by engaging with 'iDEX 75 Space Challenges'…