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'…

Samvat 2078 to kick in with a big bang

Diwali festivities have come to the market in anticipation of Diwali which happens on the following Monday. Markets gained on all five trading days of the week gone by with stellar gains on the first two days and then struggling to gain but still…

Amid high inflation & weak rupee, Fin Min review says economic performance 'impressive'

New Delhi (IANS) Even as economic growth and rising inflation remain major concerns for India, with Finance Minister Nirmala Sitharaman saying that these twin challenges would be in focus in the next Union Budget, the monthly economic review for September…

Hindustan Unilever logs Rs 2,616 crore PAT in Q2

Chennai (IANS) Fast-moving consumer goods major Hindustan Unilever Ltd (HUL) closed the Q2 of FY23 with a net profit of Rs 2,616 crore.

The company's Board on Friday, approving the accounts, also declared an interim dividend of Rs 17 per…

Air India moves forward on five-year transformation roadmap

New Delhi (IANS) Moving forward on its five-year transformation roadmap, Air India, which had not recruited in the non-operations areas for more than 15 years, has started adding talent in all spheres of its business.

The airline's aggressive…

'Vast GST system needs trained tax professionals with practical skill'

New Delhi (IANS) While the government pays special attention to tax management for resource mobilisation, there is a huge need for skilled tax professionals to support the government's GST (Goods and Services Tax) system, as per experts.

The…