Category: Business

Business

Rupee trades in narrow range against U.S. dollar in early trade

Posted on By admin
Rupee trades in narrow range against U.S. dollar in early trade

File. | Photo Credit: C. Venkatachalapathy The rupee witnessed range-bound trading against the U.S. dollar in early trade on September 18, weighed down by a negative trend in domestic equities, elevated crude oil prices and strong American currency. At the interbank foreign exchange, the rupee opened at 83.09 against the dollar, registering a rise of…

Read More “Rupee trades in narrow range against U.S. dollar in early trade” »

Business

Markets fall in early trade after record-breaking rally

Posted on By admin
Markets fall in early trade after record-breaking rally

File. | Photo Credit: Arunangsu Roy Chowdhury Equity benchmark indices declined in early trade on September 18 after a record-breaking rally last week, in line with weak trends in global markets and caution ahead of the U.S. Federal Reserve’s interest rate decision. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03….

Read More “Markets fall in early trade after record-breaking rally” »

Business

Finance Ministry seeks applications for post of whole-time member at IRDAI

Posted on By admin
Finance Ministry seeks applications for post of whole-time member at IRDAI

Representational image | Photo Credit: PTI The Finance Ministry has invited applications for the post of whole-time member (Distribution) at the Insurance Regulatory and Development Authority (IRDAI). The applicant should preferably have at least 25 years of experience in the relevant area with a minimum of three years experience at a senior level, the Department…

Read More “Finance Ministry seeks applications for post of whole-time member at IRDAI” »

Business

Food delivery partners’ double whammy: Decreasing income levels, rising petrol costs | Data

Posted on By admin
Food delivery partners’ double whammy: Decreasing income levels, rising petrol costs | Data

Making deliveries on time. Illustration of a food delivery worker riding a vehicle to drop a delivery | Photo Credit: Getty Images/iStockphoto A survey report on food delivery partners by the National Council of Applied Economic Research validates several common beliefs, such as workers being young graduates who work extended hours for better pay and…

Read More “Food delivery partners’ double whammy: Decreasing income levels, rising petrol costs | Data” »

Business

Akasa Air sues pilots who left without serving notice period

Posted on By admin
Akasa Air sues pilots who left without serving notice period

Akasa Air, which currently has a fleet of 20 planes, started operations in August 2022. File Akasa Air on September 16 said it has taken legal action against a “small set of pilots” for leaving the airline without serving their notice period. The departure of pilots had led to cancellation of many flights. Pilot shortage is…

Read More “Akasa Air sues pilots who left without serving notice period” »

Business

Why is Google on trial in the United States? | Explained

Posted on By admin
Why is Google on trial in the United States? | Explained

The key allegation against Google is that its “arrangements” with Apple and other companies to be the default search engine on their devices, is unlawful monopoly building. File | Photo Credit: AP The story so far: On September 12, Justice Amit Mehta of the U.S. District Court for the District of Columbia started hearing what…

Read More “Why is Google on trial in the United States? | Explained” »

Business

VST Group plans expansion in all three business verticals

Posted on By admin
VST Group plans expansion in all three business verticals

VST Group Managing Director Arun V. Surendra plans to double the automobile touchpoints of luxury cars to 100 in two-three years. | Photo Credit: Special Arrangement Bengaluru-headquartered VST Group has decided to expand its business in all the three verticals it operates, said Managing Director Arun V. Surendra. The 113-year-old business conglomerate is a franchise…

Read More “VST Group plans expansion in all three business verticals” »

Business

VST Group plans expansion in all three business verticals

Posted on By admin
VST Group plans expansion in all three business verticals

VST Group Managing Director Arun V. Surendra plans to double the automobile touchpoints of luxury cars to 100 in two-three years. | Photo Credit: Special Arrangement Bengaluru-headquartered VST Group has decided to expand its business in all the three verticals it operates, said Managing Director Arun V. Surendra. The 113-year-old business conglomerate is a franchise…

Read More “VST Group plans expansion in all three business verticals” »

Business

Karnataka Govt approves 91 investment projects worth ₹7,660 crore

Posted on By admin
Karnataka Govt approves 91 investment projects worth ₹7,660 crore

The SLSWCC committee approved 26 projects involving more than ₹50 crore investment, totalling ₹5,750.73 crore. (representational image) The State Level Single Window Clearance Committee (SLSWCC) on September 16 cleared 91 industrial investment proposals worth ₹7,659.52 crore with an employment generation potential of 18,146 within Karnataka. The SLSWCC committee headed by Minister for Large and Medium…

Read More “Karnataka Govt approves 91 investment projects worth ₹7,660 crore” »

Business

Govt. hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF

Posted on By admin
Govt. hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF

Image used for representative purpose only. | Photo Credit: AP The government on Friday hiked special additional excise duty (SAED) on crude petroleum to ₹10,000 per tonne with effect from September 16. In the last fortnightly review on September 1, windfall tax on domestically produced crude oil was set at ₹6,700/tonne. Besides, the SAED or…

Read More “Govt. hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF” »

Business