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Sensex slips from record after RBI hikes rate; bank, auto stocks drag

Sensex slips from record after RBI hikes rate; bank, auto stocks drag

MUMBAI: Benchmark snapped its seven-session record setting spree to end 85 points lower today after the RBI hiked the policy rate on inflation concerns. The Reserve Bank‘s Monetary Policy Committee raised the benchmark lending rate by 0.25 per cent for the second time in two months. The , at which the central bank lends to other banks, now stands at […]

Boneheaded or not, here‘s what Tesla analysts want to ask Elon Musk

Boneheaded or not, here‘s what Tesla analysts want to ask Elon Musk

NEW DELHI: This much is certain about Tesla Inc.’s earnings report on Wednesday: It won’t be boring. The electric-car maker will release its first set of results since grew exasperated with questions, including whether the company needed more capital, back in May. The chief executive officer cut off several analysts’ questions, invited a YouTube host who owned a small number […]

UIDAI to bring new service for making address update in Aadhaar easy

UIDAI to bring new service for making address update in Aadhaar easy

NEW DELHI: The will start a new service from April next to help Aadhaar holders who do not have valid proof of residence of current location to update their address easily by using a letter containing a secret PIN, according to the authority. The new service is proposed to start from April 1, according to a notification by the Unique […]

Ahead of RBI rate policy, Sensex breaches 37,700

Ahead of RBI rate policy, Sensex breaches 37,700

NEW DELHI: Markets opened flat on Wednesday but managed to scale another milestone, with breaching the 37,700-mark in early trading. The 30-share BSE index opened with a decent gain of 40 points at 37,643.87. In morning session, the index went up to as much as 37,711.87, a fresh all-time high. At 10 am, Sensex had flattened a bit and was […]

US considers higher tariffs on $200 billion in Chinese imports

US considers higher tariffs on $200 billion in Chinese imports

WASHINGTON: The Trump administration is considering more than doubling its planned tariffs on $200 billion in , ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said. The US imposed 25 per cent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion […]

Manufacturing sector activity eases in July: PMI

Manufacturing sector activity eases in July: PMI

NEW DELHI: The country‘s activity moderated in July amid softer increase in output, new orders and employment, says a monthly survey. The Nikkei India Manufacturing Purchasing Managers Index () stood at 52.3 in July, down from 53.1 in June. This is the 12th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above […]

Indian Oil tops 7 Indian firms on Fortune 500 list, RIL jumps 53 places

Indian Oil tops 7 Indian firms on Fortune 500 list, RIL jumps 53 places

NEW YORK: Seven Indian companies have made it to the latest of the world‘s biggest corporations in terms of revenue, with state-owned IOC continuing to be the highest ranked Indian firm and (RIL) jumping 53 places. In the list topped by retail giant , Corp (IOC) with 23 per cent rise in revenues at $65.9 billion was ranked 137th, up […]