Category: Business

Business

CCI junks complaint against Reliance Jio Infocomm, others

July 17, 2026 admin

The CCI observed that no documentary evidence, such as freight quotations, invoices, bid documents or correspondence, had been furnished to support claims of collusion or coordinated conduct. File. | Photo Credit: Reuters Fair trade regulator CCI has dismissed a complaint against Reliance Jio Infocomm Ltd, saying the allegations of anti-competitive conduct were generic, speculative and…

Business

How are GCCs reshaping India’s employment and realty sectors? | Explained

July 17, 2026 admin

Representational image only. File | Photo Credit: Getty Images/iStockphoto The story so far: The Global Capability Centres (GCCs) are wholly-owned, captive firms of multinationals that serve only their global parent company. These offices of multinationals are reshaping the urban office spaces and job markets in Bengaluru, Hyderabad, Pune and a host of other Indian cities….

Business

Nifty and Sensex rally in early trade propelled by buying in IT firms

July 17, 2026 admin

Infosys, Tata Consultancy Services, HCL Tech, Mahindra & Mahindra and Reliance Industries were also among the winners. Sun Pharma, Bharti Airtel, Trent and UltraTech Cement were among the laggards. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty climbed in early trade on Friday (July 17, 2026), driven by buying in IT stocks after…

Business

Rupee rises 14 paise to 96.28 against U.S. dollar in early trade

July 17, 2026 admin

Rupee depreciated for the fourth straight day on Thursday. File | Photo Credit: Getty Images/iStockphotos The rupee gained 14 paise to 96.28 against the U.S. dollar in early trade on Friday (July 17, 2026), buoyed by positive sentiments at the domestic equity markets. However, heavy Foreign Instituional Investor outflows and higher global crude oil prices…

Business

ITC hotels announces acquisition of 130 key operating hotel in Ahmedabad’s commercial hub

July 17, 2026 admin

A view of Welcomhotel, Ahmedabad | Photo Credit: The Hindu ITC Hotels Limited has announced that the company will acquire a 100% stake in GHK Hospitality and Infrastructures Ltd. that owns Welcomhotel, Ahmedabad, which is currently operated by the company under an operating services agreement. ‘Welcomhotel Ahmedabad’, with 130 keys is located along Ahmedabad’s prominent Ashram Road,…

Business

Breaching the target: On India’s retail inflation

July 16, 2026 admin

India’s retail inflation breached the RBI’s 4% target for the first time under the new CPI series, rising to 4.38% in June from 3.93% in May and about 2.7% a year earlier. The latest print reflects a broader pass-through of price pressures that had, until recently, remained concentrated at the producer level, largely driven by…

Business

Wipro posts a flat Q1 bottom-line at ₹3,352 cr; maintains a muted outlook for upcoming quarter

July 16, 2026 admin

Wipro, the country’s third lead tech player, on Thursday reported an almost flat net profit of ₹3,352 crore; even as revenues were on the rise in the June quarter. The sub-1% growth in net earnings came amid 11% year-on-year (YoY) increase in revenues to ₹24,479 crore. It’s core IT services business generated revenue of $2.61…

Business

Government lists Bill in Parliament to replace Ordinance that exempted FIIs from tax

July 16, 2026 admin

Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The Government has listed a Bill that it plans to table in the upcoming Monsoon Session of Parliament to replace its June Ordinance through which it had exempted foreign institutional investors (FIIs) and the Bank of International Settlements (BIS) from capital gains tax and…

Business

Rupee settles eight paise lower at 96.33 against U.S. dollar

July 16, 2026 admin

Rupee depreciated for the fourth straight day, shedding 8 paise to settle at 96.33 against the U.S. dollar. File | Photo Credit: Reuters The rupee depreciated for the fourth straight day on Thursday (July 16, 2026), shedding 8 paise to settle at 96.33 (provisional) against the U.S. dollar amid volatility in global crude oil prices…

Business

Sensex and Nifty close flat amid geopolitical uncertainties, fluctuating oil prices

July 16, 2026 admin

In Asian markets, South Korea’s Kospi tanked 6.37%. Japan’s Nikkei 225 index and Shanghai’s SSE Composite index also settled lower, while Hong Kong’s Hang Seng index ended higher. | Photo Credit: Reuters Benchmark indices Sensex and Nifty closed almost unchanged on Thursday (July 16, 2026), as profit-taking in blue-chip stocks such as HDFC Bank and…

Business