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IndiaTV Business: Google News Feed: Digest for September 28, 2022

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India is on track to attract USD 100 bn FDI this fiscal: Govt

Saturday 24 September 2022 10:44 AM UTC+00
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.

India is on track to attract USD 100 bn FDI this fiscal: Govt

Saturday 24 September 2022 10:44 AM UTC+00
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.

India is on track to attract USD 100 bn FDI this fiscal: Govt

Saturday 24 September 2022 10:44 AM UTC+00
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.
Adani Group will invest USD 100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India's growth story. As much as 70 percent of this investment will be in the energy transition space, Adani, the world's second-richest person, said as he continued to reveal bit by bit the group's new energy plans.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.
Adani Group will invest USD 100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India's growth story. As much as 70 percent of this investment will be in the energy transition space, Adani, the world's second-richest person, said as he continued to reveal bit by bit the group's new energy plans.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.
Adani Group will invest USD 100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India's growth story. As much as 70 percent of this investment will be in the energy transition space, Adani, the world's second-richest person, said as he continued to reveal bit by bit the group's new energy plans.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.
Adani Group will invest USD 100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India's growth story. As much as 70 percent of this investment will be in the energy transition space, Adani, the world's second-richest person, said as he continued to reveal bit by bit the group's new energy plans.

Rupee rises by 9 paise to close at 81.58 against the US dollar

Tuesday 27 September 2022 12:33 PM UTC+00
The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback. It witnessed an intra-day high of 81.30 and a low of 81.64 during the session. It finally ended at 81.58, up 9 paise from its previous close.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.
Adani Group will invest USD 100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India's growth story. As much as 70 percent of this investment will be in the energy transition space, Adani, the world's second-richest person, said as he continued to reveal bit by bit the group's new energy plans.

Rupee rises by 9 paise to close at 81.58 against the US dollar

Tuesday 27 September 2022 12:33 PM UTC+00
The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback. It witnessed an intra-day high of 81.30 and a low of 81.64 during the session. It finally ended at 81.58, up 9 paise from its previous close.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.
Adani Group will invest USD 100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India's growth story. As much as 70 percent of this investment will be in the energy transition space, Adani, the world's second-richest person, said as he continued to reveal bit by bit the group's new energy plans.

Rupee rises by 9 paise to close at 81.58 against the US dollar

Tuesday 27 September 2022 12:33 PM UTC+00
The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback. It witnessed an intra-day high of 81.30 and a low of 81.64 during the session. It finally ended at 81.58, up 9 paise from its previous close.
The government has made the registration of IMEI number of all mobile phones mandatory before their sale in India on its anti-counterfeit and lost handset blocking portal from January 1, 2023.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.
Adani Group will invest USD 100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India's growth story. As much as 70 percent of this investment will be in the energy transition space, Adani, the world's second-richest person, said as he continued to reveal bit by bit the group's new energy plans.

Rupee rises by 9 paise to close at 81.58 against the US dollar

Tuesday 27 September 2022 12:33 PM UTC+00
The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback. It witnessed an intra-day high of 81.30 and a low of 81.64 during the session. It finally ended at 81.58, up 9 paise from its previous close.
The government has made the registration of IMEI number of all mobile phones mandatory before their sale in India on its anti-counterfeit and lost handset blocking portal from January 1, 2023.

Natural gas price to rise to record level this week, say sources

Sunday 25 September 2022 05:55 AM UTC+00
Natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is very likely to witness a price rise this week. If sources are to be believed, the new rates of natural gas are scheduled to be at record levels. 
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The free trade agreement (FTA) talks between India and the UK are now in their final phase and despite some outstanding issues to be resolved, there is optimism on both sides that the Diwali deadline for a draft will be met, according to the Lord Mayor of London.
The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China. Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14. Earlier this month, Apple Inc unveiled its latest iPhone series -- the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax. 

Markets fall sharply in early trade; Sensex tumbles 817 points

Monday 26 September 2022 04:37 AM UTC+00
Benchmark indices fell sharply in early trade on Monday, with the Sensex tumbling nearly 817 points amid weak global market trends and foreign fund outflows.
The festive season is around the corner, and so is the phase of the year when most families in India go on a shopping spree. However, the fervor of a few is often marred due to the concerns around cybersecurity. While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season. We decided to consult a few experts from the world of finance to find out as to what individuals as well as small businesses must do to minimize the prospects of cyberthreat.
Adani Group will invest USD 100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on Tuesday, as the group bets big on India's growth story. As much as 70 percent of this investment will be in the energy transition space, Adani, the world's second-richest person, said as he continued to reveal bit by bit the group's new energy plans.

Rupee rises by 9 paise to close at 81.58 against the US dollar

Tuesday 27 September 2022 12:33 PM UTC+00
The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback. It witnessed an intra-day high of 81.30 and a low of 81.64 during the session. It finally ended at 81.58, up 9 paise from its previous close.
The government has made the registration of IMEI number of all mobile phones mandatory before their sale in India on its anti-counterfeit and lost handset blocking portal from January 1, 2023.
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