Category: Business

Business

Markets fall on unabated foreign fund outflows; HDFC Bank, Reliance also drag

October 3, 2023 admin

Equity benchmark indices Sensex and Nifty declined on Tuesday amid unabated foreign fund outflows and sluggish Asian market cues. Fall in index majors HDFC Bank and Reliance Industries also dragged the benchmark indices lower. The 30-share BSE Sensex declined 316.31 points or 0.48% to settle at 65,512.10. During the day, it fell 483.82 points or…

Business

How Razorpay Magic Checkout Helped Shark Tank India Brands Boost Business

October 3, 2023 admin

Razorpay Magic Checkout simplifies the final checkout process of online shopping New Delhi: When visiting an e-commerce website or an online store, a customer expects a hassle-free process to view, choose, add items to the cart and finally complete the checkout process to place the order. As the last step in the purchase journey, checkout…

Business

Indian economy to grow at 6.3% in FY24: World Bank

October 3, 2023 admin

File image of World Bank logo used for representational purpose only. | Photo Credit: Reuters The Indian economy is projected to grow at 6.3% in the current financial year aided by investment and domestic demand. According to a World Bank report released on Tuesday (October 3), India continues to show resilience against the backdrop of…

Business

World Bank Maintains India Current Fiscal Year Growth Forecast At 6.3%

October 3, 2023 admin

The World Bank maintained its growth forecast for India at 6.3%. NEW DELHI: The World Bank on Tuesday maintained its forecast for India’s economic growth for the current fiscal year that started on April 1, saying the Indian economy continued to grow rapidly despite challenging external conditions. The World Bank maintained its growth forecast for…

Business

India’s manufacturing hit five-month low in September: S&P Global PMI

October 3, 2023 admin

Image for representation purpose only. | Photo Credit: Reuters India’s manufacturing sector activity moderated to a five-month low in September with new orders slowing down, as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI), which eased to 57.5 from 58.6 in August. A reading of 50 on the survey-based index reflects…

Business

Markets fall in early trade on unabated foreign fund outflows

October 3, 2023 admin

Equity benchmark indices declined in early trade on Tuesday amid unabated foreign fund outflows and sluggish Asian market cues. Fall in index majors Reliance Industries and HDFC Bank also dragged the benchmark indices lower. The 30-share BSE Sensex fell 347.09 points to 65,481.32. The Nifty declined 117.3 points to 19,521. Among the Sensex firms, Maruti,…

Business

What It Is And How To Avoid The Scam

October 3, 2023 admin

Rug pull is a major problem in the cryptocurrency industry. Scamsters have defrauded thousands of people of an estimated Rs 200 crore across Himachal Pradesh by promising high returns in a short period through investment in crypto assets. The gang, whose kingpin is yet to be arrested, used a Ponzi scheme method to lure people…

Business

Rupee falls 17 paise to 83.23 against U.S. dollar

October 3, 2023 admin

Image for representation | Photo Credit: V. Sudershan The rupee depreciated 17 paise to 83.23 against the US dollar in early trade on Tuesday, as a strong dollar and sustained foreign fund outflows weighed on investor sentiments. Forex traders said a weak trend in domestic equities also dented investor sentiments. At the interbank foreign exchange,…

Business

Regulating OTT platforms reignites India’s net neutrality debate

October 2, 2023 admin

In recent weeks, the telecom industry loudly demanded a ‘network usage fee’ from Big Tech platforms whose traffic constitutes a major part of the data flowing through the Indian internet. Internet rights groups have pushed back on these demands, saying that they are a violation of net neutrality, the principle that all data online should…

Business

Pakistan’s inflation rises to 31.4% y/y amid high energy prices

October 2, 2023 admin

Pakistani traders went on strike against the soaring cost of living, including higher fuel and utility bills and record depreciation of the rupee against the dollar, which has led to widespread discontent among the public. File | Photo Credit: AP Pakistan’s inflation rate rose to 31.4% year-on-year in September from 27.4% in August, statistics bureau…

Business