India's foreign exchange (forex) reserves depleted by $613.9 million during the week ended December 14, official data showed on Friday. According to the Reserve Bank of India (RBI)'s weekly statistical supplement, the overall forex reserves decreased to $393.12 billion from $393.73 billion reported for the week ended December 7....
Accounting giant EY (formerly known as Ernst & Young) has inked a deal to acquire the business of Fortune Cookie UX Design, a digital design consultancy firm headquartered in Pune. The acquisition is in line with EY's efforts to add capabilities which are ...
Bidi smoking costs India over Rs 80,000 crore in ill health and early deaths every year which is equivalent to 0.5 per cent of the goods and services (GDP) the country produces and more than two per cent of its total health spend, says a study. Direct costs - tests, drugs, doctors' fees, hospital stays, and transport -...
National Company Law Tribunal's (NCLT) Kolkata bench has directed initiation of corporate insolvency resolution process against Coal India's subsidiary Eastern Coalfields Ltd (ECL). The tribunal has admitted the insolvency petition, filed by Gulf Oil Lubricants India Ltd (GOLIL), against the miner under Section 9 of t...
Following a global sell off, Sensex declined by 400 points during the afternoon session of the trade on Friday. At 1.19 p.m., the Sensex traded 400.97 points lower at 36,030.70 and the Nifty50 traded 121.65 points down at 10,830.05 from its previous close....
Bharti Airtel and Swedish networking and telecom major Ericsson on Friday said they have achieved a download speed of over 500 Mbps on smartphones during a first-ever live 4G trial in India. The speed was achieved during a recent indoor trial of Licensed Assisted Access ...
Finance Minister Arun Jaitley on Thursday said he expected a few public sector banks (PSB) to exit the Reserve Bank of India's prompt corrective action (PCA) framework regime after a fresh infusion of capital in them....
The government on Thursday presented in the Lok Sabha the second Supplementary Demands for Grants for 2018-19 for gross additional expenditure of Rs 85,948.86 crore which includes Rs 41,000 crore for recap of the Public Sector Banks (PSBs) that have been hit hard by Non-Performing Assets (NPAs)....
In line with global markets, BSE Sensex and Nifty50 traded lower on Thursday after the US Federal Reserve raised its short-term interest rate. Metal and telecom stocks witnessed selling pressure along with index pivotals finance and banking stocks....
A new research on Thursday revealed that 66 per cent of Indians see travel as a potential opportunity to earn a living as a social media influencer or travel blogger, as opposed to having a traditional full-time job. The findings, conducted by the travel e-commerce company Booking.com, also...
