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IndiaTV Business: Google News Feed: Digest for October 01, 2022

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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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.

Another RBI rate hike on the card today; fourth time in a row

Friday 30 September 2022 04:02 AM UTC+00
RBI rate hike: The depreciating value of the Rupee has left the Reserve Bank of India worried. Given the situation, RBI is likely to go rate hike today.  The Reserve Bank's rate-setting panel on Wednesday started deliberations on the keenly awaited monetary policy amidst expectation of 50 basis points hike in interest rate to check inflation and improve foreign capital inflow to arrest declining value of rupee against the US dollar.

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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
RBI rate hike: Reserve Bank of India hiked the repo rate by 50 basis points to 5.9%. This is the fourth hike in a row. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis point hike each in June and August. In all, RBI has raised benchmark rate by 1.90 per cent since May this year.

RBI cuts growth forecast to 7% for current fiscal

Friday 30 September 2022 06:18 AM UTC+00
RBI rate hike: The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.

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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
RBI rate hike: Reserve Bank of India hiked the repo rate by 50 basis points to 5.9%. This is the fourth hike in a row. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis point hike each in June and August. In all, RBI has raised benchmark rate by 1.90 per cent since May this year.

RBI cuts growth forecast to 7% for current fiscal

Friday 30 September 2022 06:18 AM UTC+00
RBI rate hike: The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.

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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
RBI rate hike: Reserve Bank of India hiked the repo rate by 50 basis points to 5.9%. This is the fourth hike in a row. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis point hike each in June and August. In all, RBI has raised benchmark rate by 1.90 per cent since May this year.

RBI cuts growth forecast to 7% for current fiscal

Friday 30 September 2022 06:18 AM UTC+00
RBI rate hike: The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.
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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
RBI rate hike: Reserve Bank of India hiked the repo rate by 50 basis points to 5.9%. This is the fourth hike in a row. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis point hike each in June and August. In all, RBI has raised benchmark rate by 1.90 per cent since May this year.

RBI cuts growth forecast to 7% for current fiscal

Friday 30 September 2022 06:18 AM UTC+00
RBI rate hike: The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.

How MSMEs can procure NBFC loans without mortgaging assets

Friday 30 September 2022 10:47 AM UTC+00
For MSMEs, sustained funding represents the difference between success and failure. Without timely credit, it would be virtually impossible for small enterprises to manage operational costs. As per the RBI's 2019 report, the MSME segment had a credit gap of approximately Rs20-25 lakh crore.
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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
RBI rate hike: Reserve Bank of India hiked the repo rate by 50 basis points to 5.9%. This is the fourth hike in a row. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis point hike each in June and August. In all, RBI has raised benchmark rate by 1.90 per cent since May this year.

RBI cuts growth forecast to 7% for current fiscal

Friday 30 September 2022 06:18 AM UTC+00
RBI rate hike: The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.

How MSMEs can procure NBFC loans without mortgaging assets

Friday 30 September 2022 10:47 AM UTC+00
For MSMEs, sustained funding represents the difference between success and failure. Without timely credit, it would be virtually impossible for small enterprises to manage operational costs. As per the RBI's 2019 report, the MSME segment had a credit gap of approximately Rs20-25 lakh crore.
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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
RBI rate hike: Reserve Bank of India hiked the repo rate by 50 basis points to 5.9%. This is the fourth hike in a row. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis point hike each in June and August. In all, RBI has raised benchmark rate by 1.90 per cent since May this year.

RBI cuts growth forecast to 7% for current fiscal

Friday 30 September 2022 06:18 AM UTC+00
RBI rate hike: The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.

How MSMEs can procure NBFC loans without mortgaging assets

Friday 30 September 2022 10:47 AM UTC+00
For MSMEs, sustained funding represents the difference between success and failure. Without timely credit, it would be virtually impossible for small enterprises to manage operational costs. As per the RBI's 2019 report, the MSME segment had a credit gap of approximately Rs20-25 lakh crore.

Gas prices hiked 40%; CNG, PNG to cost more

Friday 30 September 2022 03:23 PM UTC+00
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates.
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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
RBI rate hike: Reserve Bank of India hiked the repo rate by 50 basis points to 5.9%. This is the fourth hike in a row. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis point hike each in June and August. In all, RBI has raised benchmark rate by 1.90 per cent since May this year.

RBI cuts growth forecast to 7% for current fiscal

Friday 30 September 2022 06:18 AM UTC+00
RBI rate hike: The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.

How MSMEs can procure NBFC loans without mortgaging assets

Friday 30 September 2022 10:47 AM UTC+00
For MSMEs, sustained funding represents the difference between success and failure. Without timely credit, it would be virtually impossible for small enterprises to manage operational costs. As per the RBI's 2019 report, the MSME segment had a credit gap of approximately Rs20-25 lakh crore.

Gas prices hiked 40%; CNG, PNG to cost more

Friday 30 September 2022 03:23 PM UTC+00
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates.
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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
RBI rate hike: Reserve Bank of India hiked the repo rate by 50 basis points to 5.9%. This is the fourth hike in a row. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis point hike each in June and August. In all, RBI has raised benchmark rate by 1.90 per cent since May this year.

RBI cuts growth forecast to 7% for current fiscal

Friday 30 September 2022 06:18 AM UTC+00
RBI rate hike: The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.

How MSMEs can procure NBFC loans without mortgaging assets

Friday 30 September 2022 10:47 AM UTC+00
For MSMEs, sustained funding represents the difference between success and failure. Without timely credit, it would be virtually impossible for small enterprises to manage operational costs. As per the RBI's 2019 report, the MSME segment had a credit gap of approximately Rs20-25 lakh crore.

Gas prices hiked 40%; CNG, PNG to cost more

Friday 30 September 2022 03:23 PM UTC+00
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates.
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.
Rupee falls: The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday as the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit.

Markets rebound in early trade amid recovery in global equities

Thursday 29 September 2022 06:01 AM UTC+00
Benchmark indices rebounded in early trade on Thursday with the BSE Sensex climbing 567.86 points amid a recovery in global equity markets.
The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.
RBI rate hike: Reserve Bank of India hiked the repo rate by 50 basis points to 5.9%. This is the fourth hike in a row. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent. This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis point hike each in June and August. In all, RBI has raised benchmark rate by 1.90 per cent since May this year.

RBI cuts growth forecast to 7% for current fiscal

Friday 30 September 2022 06:18 AM UTC+00
RBI rate hike: The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand.

How MSMEs can procure NBFC loans without mortgaging assets

Friday 30 September 2022 10:47 AM UTC+00
For MSMEs, sustained funding represents the difference between success and failure. Without timely credit, it would be virtually impossible for small enterprises to manage operational costs. As per the RBI's 2019 report, the MSME segment had a credit gap of approximately Rs20-25 lakh crore.

Gas prices hiked 40%; CNG, PNG to cost more

Friday 30 September 2022 03:23 PM UTC+00
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates.
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