Finance News

India's Apr-Oct fiscal deficit over 36% of FY22 target

India's Apr-Oct fiscal deficit over 36% of FY22 target

New Delhi: India's April-October budgetary fiscal deficit has reached 36.3 per cent of the FY22 target.As per the data furnished by the Controller General of Accounts (CGA), the fiscal deficit -- the difference between revenue and expenditure -- for the April-October 2021-22 period stood at Rs 547,0...

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Reliance Capital welcomes RBI move to resolve company's debt in accordance with IBC Code

Reliance Capital welcomes RBI move to resolve company's debt in accordance with IBC Code

Mumbai: Reliance Capital Limited has welcomed the Reserve Bank of India's (RBI) move to resolve the Company's debt in accordance with the IBC Code.The Company will cooperate fully with the Administrator appointed by the RBI for the expeditious resolution of its debt in the best interests of all stak...

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Unwise for India to place bans on private crypto assets: Report

Unwise for India to place bans on private crypto assets: Report

New Delhi: A new monograph by the Observer Research Foundation, in collaboration with the Esya Centre, presents a deep-dive into the growth of cryptocurrency in India and proposes a balanced regulatory approach.According to the study, it would be unwise for India to place bans on private crypto asse...

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Equity indices settle in red; Tata Steel among top losers

Equity indices settle in red; Tata Steel among top losers

New Delhi: Continuous sell-off by foreign investors along with fears of the new Covid variant -- Omicron -- dragged India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- into the red on Tuesday.Notably, the indices opened the session on a positive note.The barometer 30-scrip Sensex clo...

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PhonePe 'SafeCard' enables businesses to implement tokenisation easily

PhonePe 'SafeCard' enables businesses to implement tokenisation easily

Bengaluru: PhonePe, Indias leading digital payments platform, on Tuesday announced that its SafeCard tokenisation solution for online businesses enables their end customers to experience the convenience of saved card transactions with added security.This solution is in compliance with the recent RBI...

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Equity indices rise in early trade; Sensex up 0.6%

Equity indices rise in early trade; Sensex up 0.6%

Mumbai: The 30-scrip Sensitive Index (Sensex) gained in early trade session on Tuesday.At 9.30 a.m., the S&P BSE Sensex traded at 57,620 points, up 0.62 per cent.It opened at 57,272 points from the previous close of 57,260 points.Till now it has touched a low of 57,252 points.Besides, the broade...

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Oil marketing companies keep diesel, petrol prices unchanged

Oil marketing companies keep diesel, petrol prices unchanged

New Delhi: Oil marketing companies on Tuesday kept the prices of diesel and petrol unchanged across major Indian cities.It is noteworthy to mention here that prices of the petrol and diesel have been untouched post the revision of duties by the Centre and state governments in early November.Accordin...

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Tesla Gigafactory Berlin to produce 30,000 cars in H1 2022: Report

 Tesla Gigafactory Berlin to produce 30,000 cars in H1 2022: Report

Berlin: Elon Musk-owned electric car maker Tesla is reportedly planning to start production in its Berlin Gigafactory from next month and by the end of the first half of 2022, it is expected to produce around 30,000 cars in this new factory.According to German media outlet Automobilwoche, the Berlin...

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As IIT, central school boy Parag Agrawal breaks into born-in-India US CEOs XI, a listing of alma maters

As IIT, central school boy Parag Agrawal breaks into born-in-India US CEOs XI, a listing of alma maters

New York: Twitter CEO Jack Dorsey has named IIT Mumbai, central school alumnus, Parag Agrawal, as his successor. IANS refreshes a list of prominent CEOs of US Inc. and the schools in India (and the US) that shaped their lives.Satya Nadella, Chairman and CEO of Microsoft, attended Hyderabad Public Sc...

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Russia successfully test-fires Tsirkon hypersonic missile

Russia successfully test-fires Tsirkon hypersonic missile

Moscow: Russian frigate Admiral Gorshkov has successfully test launched a Tsirkon hypersonic cruise missile from the White Sea, Russia's Defence Ministry has saidThe missile hit a target that was located at a distance of more than 400 km, it added.The Tsirkon missile has been test-fired several time...

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