Rupee slips first time below 81-mark against US dollar

Mumbai (IANS) The Indian rupee fell below 81-mark against the US dollar during the early morning trade for the first time against the US dollar.

This was because of uncertainty created after the uptick in dollar index, increase in policy rate…

Rupee hits new all-time low as dollar index rises to 20-year high

Mumbai (IANS) The Indian rupee has depreciated to the record low since the morning trade after the dollar index surged to 20-year high and 75 basis points rate hike by the US Fed, and hint at more rate hikes in the future.

Rupee's previous…

Aiming a low carbon future, Air India, AirAsia India and Vistara partner with CSIR-IIP

New Delhi (IANS) Air India, AirAsia India and Vistara (Tata Group Airlines) joined hands with the Council of Scientific and Industrial Research - Indian Institute of Petroleum on Thursday to collaborate and work together on the research, development…

India creating massive AI database to boost startup ecosystem: Rajeev Chandrasekhar

Mumbai (IANS) Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Wednesday that the country is creating one of the largest datasets programmes where anonymised non-personal data will be available for the entire AI ecosystem to…

Future of financing in India is through digitisation: Sitharaman

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Tuesday said that future of financing in India is going to be governed through digitisation, noting that in July 2022 alone, 6.2 billion transactions worth Rs 10.6 trillion were conducted.

India to see record smartphone sales worth Rs 61,000 cr this festive season

New Delhi (IANS) India is likely to witness record sales of smartphones this festive season, at around $7.7 billion (over $61,000 crore), and 1 out of every 3 smartphones sold during the festive season will be 5G enabled, a report showed on Tuesday.

After 12 years, TINA mindset for global equities is shaken

New Delhi (IANS) Tighter policy rates are now scrambling the mindset that 'There Is No Alternative' (TINA) to equities, Morgan Stanley said in a report.

Meanwhile, for much of the last 12 years, it was common to hear some variation…

China's chip output shrinks as India, US ramp up local manufacturing

New Delhi (IANS) As India and the US double down on domestic semiconductor manufacturing, China witnessed its biggest-ever monthly decline in chip manufacturing in August owing to Covid restrictions and weakening demand.

According to the South…

Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%

New Delhi (IANS) Gross direct tax collections till 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessing a growth of 30 per cent over collections of corresponding period of last year.

Net direct tax collections stood at Rs 7.01…

RBI ready to bring card tokenisation norms into effect from Oct 1

Mumbai (IANS) The Reserve Bank of India (RBI) is ready to bring its card-on-file tokenisation norms into effect from October 1 after various complaints were filed regarding the misuse of debit or credit cards.

Several people were cheated in…