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Crude surge stokes fuel price rally, petrol up by 30p, diesel by 37p to new record highs

The fresh revision took the petrol price to its record high of Rs 110.41 a litre in Mumbai and to Rs 104.44 in Delhi.

RBI#39;s decision to supersede boards of Seri group companies will prevent domino effect: Experts

RBI had last week superseded the boards of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) for their failure to repay debts.

Telecom secretary asks C-DoT to work on 6G, launches Quantum Communication Lab

Samsung, Huawei, LG and some other companies have started working on 6G technologies which is said to be 50 times faster than 5G and is expected to be commercially launched between 2028-2030.

Instasafe eyes expansion in Middle East, Europe for cybersecurity solution

Sandip Kumar Panda, the CEO of InstaSafe Technologies, said that the company saw a spike in demand for its products in the immediate aftermath of the pandemic as businesses scrambled to ensure secure, and remote access for all the employees in «work-fro

M-cap of 8 of top-10 most valued companies jump Rs 2.32 lakh crore; Reliance Industries lead gainer

Last week, the 30-share BSE benchmark rallied 1,293.48 points or 2.20 percent. The benchmark soared past the 60,000 level on Friday.

Women partners protest on streets, Urban Company says «not perfect, acknowledge mistakes made»

Taking cognizance of the demands- better wages, lowering of commissions rates and safe working conditions- of the protesting women, IFAT has asked the government to take notice of their issues.

E-commerce cos log $2.7bn in sales in 1st 4 days of festive sale: RedSeer

RedSeer Consulting had last month forecast that online platforms would see 30 per cent year-on-year growth in gross GMV at USD 4.8 billion during the first week of festive sale.

From Byju#39;s to Razorpay: These are the top 15 unicorn companies in India

As of October 2021, there are more than 800 unicorns around the world., according to analytics platform has listed CB insights.

Most PSUs on govt#39;s privatisation list created by private sector: Sanjeev Sanyal

«In 1969, banks were simply taken away and nationalised. So, when people say that these institutions were built by the blood and sweat of the Indian bureaucracy, let me point out to you that these things were originally built by private companies,»

Mukesh Ambani enters the elite club of world#39;s exclusive $100 billion club

Mukesh Ambani has entered the elite club of individuals who holds fortunes in excess of $100 billion. With $100.6 billion, Mukesh Ambani ranks 11th in the list.

Moneycontrol Pro Weekender | The Maharaja has left the building

Privatisation of Air India means a one-time hit to the exchequer in the form of debt, but it’s a small price to pay for the government

Digital public goods driving innovation in India: Nandan Nilekani

#39;#39;India has been unique to create a set of digital public goods, which are designed for scale, low-cost small transaction value, designed to be inclusive,#39;#39; Nilekani said at the IVCA Maximum India Conclave 2021.

The Made-in-India Mercedes-Benz S-Class is here; Check pics

In what is a huge vote of confidence in India’s manufacturing capabilities, the S-Class, Merc’s luxury flagship, often considered the best car in the world, gets a dedicated assembly line in Mercedes-Benz India’s manufacturing plant in Chakan,

Aurobindo Pharma to stop molnupiravir trial in moderate COVID-19 patients

Merck earlier this year suspended its own development of molnupiravir as a treatment for hospitalized COVID-19 patients since many of them have reached a phase of the disease that is too late for an antiviral drug to provide much help.

Investors richer by over Rs 4.16 lakh crore in two days of market rally

The 30-share BSE benchmark Sensex on Friday jumped 381.23 points or 0.64 per cent to close at 60,059.06. On Thursday, it had rallied 488.1 points to 59,677.83.

US economy adds 194,000 jobs in September: Govt

Fewer jobs were gained than expected but the unemployment rate dropped by more than analysts predicted, with the Labor Department noting employment rising in the leisure and hospitality sector that had been hard hit by COVID-19, but declining in public educat

Free pharmacy at Delhi AIIMS to remain open on Sundays and public holidays too

Previously, the generic pharmacy shop at AIIMS, New Delhi would remain closed on Sundays and government holidays.

Govt directs fertiliser companies not to hike prices of DAP, other phosphatic nutrients

The government, which increased subsidies on DAP and some other non-urea fertilisers, is unlikely to hike subsidies on non-urea fertilisers, sources said.

Monetary Policy | RBI chooses a gradual, non-disruptive approach

Factors such as spikes in crude oil price, US treasury yields, actions of major central banks may impact Indian bond yields temporarily, but they will not rise sustainably as long as the RBI remains on a resolute pause 

Motherson Sumi Systems acquires majority stake in CIM Tools to foray into aerospace segment

The deal marks the company’s entry into the aerospace industry.

Elon Musk plans new Tesla factories, India awaits local production

Musk wants Tesla’s factories to be closer to its customers with at least one factory catering to one major continent.

Silver prices near Rs 61,000/kg ahead of US jobs data, tepid gold, dollar

The white metal has been trading lower than the 50, 100, and 200-day simple and exponential moving averages but lower than the 5 and 20 days’ SMA and EMA on the daily chart.

Google to ban ads appearing next to climate denial content

The new rules “will prohibit ads for, and monetization of, content that contradicts well-established scientific consensus around the existence and causes of climate change,” the blog post said.

Chinese central bank boss vows to further fintech crackdown

Authorities have for about a year targeted a range of homegrown tech behemoths, including e-commerce titan Alibaba and food delivery giant Meituan, for alleged monopolistic practices and aggressive harvesting of consumer data.

Natural gas futures head towards positive weekly close amid volatile trade

The momentum indicator Relative Strength Index is at 58.62, which suggests strength in the price.

CoinSwitch Kuber onboards Ranveer Singh as brand ambassador

Through this association, CoinSwitch Kuber aims to leverage Ranveer Singh’s mass appeal, along with his popularity among the Gen Z and millennial customers.

Have asked Tesla to make electric cars in India; govt will give all support: Nitin Gadkari

Addressing #39;India Today Conclave 2021#39;, Nitin Gadkari further said electric cars manufactured by Tata Motors are not less good than electric cars manufactured by Tesla.

Air India Sale LIVE Updates: Govt may announce winning bidder today; Tata Sons is frontrunner

Air India Sale LIVE Updates: The government is planning to sell 100 percent of its stake and privatise Air India.

TPG may pump $1 billion into Tata Motors#39; electric vehicles unit: Report

TPG#39;s billion-dollar investment may even be increased to $1.5 billion and may value the Tata Motors#39; EV division at $8-9 billion.

India becoming $5 trillion economy by 2025 #39;impossible#39; due to pandemic: Former RBI Governor C Rangarajan

Delivering his address at 11th Convocation of ICFAI Foundation for Higher Education, C Rangarajan said attempts should be made to curb the adverse impact of a third wave of COVID-19, if it happens and both the coverage of vaccination and the pace of investmen

 Fuel price surge adds to inflationary pressure for companies, consumers

Price of diesel has gone up by 23% since January 1, 2021 while that of petrol has gone up by 22%

RBI Monetary Policy: Read the full text of RBI Governor Shaktikanta Das#39; speech

Read full text of Reserve Bank of India governor Shaktikanta Das speech here.

Piramal Enterprise names Jairam Sridharan as DHFL MD

Jairam Sridharan holds a Bachelor of Technology degree in Chemical Engineering from IIT Delhi and Post Graduate Diploma in Management from IIM Kolkata where he was awarded a Roll of Honour for academic excellence.

Exclusive | Mobikwik gets SEBI nod to float IPO, issue likely before Diwali

As per the sources, Mobikwik is likely to launch the IPO pre Diwali.

Why investors should seriously look at large-cap IT stocks

The huge valuation discount is a definite draw for large-cap IT stocks that investors should not ignore

RBI Monetary Policy | Key takeaways from announcements made by Governor Shaktikanta Das

Here are the key takeaways of the Reserve Bank of India Governor Shaktikanta Das#39; speech.

Exclusive | Mobikwik gets SEBI approval for its IPO, likely to launch pre Diwali

As per the sources, Mobikwik is likely to launch the IPO pre Diwali.

RBI policy: FY22 CPI inflation target lowered to 5.3% from 5.7%

RBI Monetary Policy: The RBI retained the repo rate, at which it lends short-term funds to banks, at 4 percent. The reverse repo rate stands at 3.35 percent. 

RBI Policy: MPC keeps repo rate steady at 4%, stance remains accommodative

RBI Monetary Policy: The MPC has kept rates steady at a time inflation is showing an easing trend and recovery is happening on the ground
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