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Key Indian Equity Indices open in green

July 12, 2018

MUMBAI: The key Indian equity market indices on Thursday opened higher amid global trade tensions leaving financial markets in a state of uncertainty. The Sensitive Index (Sensex) of the BSE, which had closed at 36,265.93 points on Wednesday, opened higher at 36,424.23 points. Minutes into trading, it was quoting at 36,447.95 points, up by 182.02...

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Single data breach costs nearly Rs 12 crore in India: IBM study

July 11, 2018

BENGALURU: The estimated average cost of a data breach in India went up to Rs 11.9 crore in 2017 -- a nearly eight per cent increase from 2016, an IBM study revealed on Wednesday. Malicious or criminal attacks were the root cause for 42 per cent of data breaches, according to the 2018 edition of the "Cost of a Data Breach" study conducted by US-ba...

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Rupee rises 30 paise against dollar to 68.57 in early trade

July 09, 2018

MUMBAI: The rupee appreciated by 30 paise to 68.57 against the US dollar in early trade today at the forex market on increased selling of the greenback by exporters and banks, amid a higher opening of the domestic equity market. Besides, the dollar's weakness against some currencies overseas after US jobs data showed slower-than-expected wages gro...

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Indian rupee breaks 69 vs dollar for the first time

June 28, 2018

NEW DELHI: The rupee has just hit a new all-time low. The Indian currency collapsed to a record low of 69.10 against the US dollar by plunging 49 paise in early trade today as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics. It had opened at 68.87 a dollar at the interbank foreign exchang...

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Economic growth may cross 8% in next 2 yrs: Suresh Prabhu

June 08, 2018

New Delhi: India's GDP growth is likely to cross 8 per cent in the next two years and the government is taking a number of steps including formulation of a new industrial policy to double the economy's size to USD 5 trillion in 7-8 years, Commerce Minister Suresh Prabhu said today. "We are working on few strategies to boost economic growth. We are...

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Petrol, diesel prices was hiked today

May 14, 2018

New Delhi: After a 19-day pre-Karnataka poll hiatus, petrol price was today hiked by 17 paise a litre and diesel by 21 paise as PSU oil firms began passing on the spike witnessed in international rates to consumers. Petrol price in Delhi was hiked to Rs 74.80 per litre from Rs 74.63 while diesel rates were increased to Rs 66.14 a litre from Rs 65....

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Rupee gains 12 paise against dollar

May 14, 2018

The rupee strengthened by 12 paise to 67.21 against the dollar in early trade on Monday on fresh selling of the US currency by exporters and banks amid higher opening in the domestic equity market. Forex dealers attributed the rise in the rupee to weakness of the dollar against other currencies overseas. However, industrial output growing by 4.4 ...

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Walmart acquires India's Flipkart

May 09, 2018

NEW DELHI: Walmart Inc has agreed to pay $16 billion for a roughly 77 per cent stake in Indian online shopping site Flipkart, the US retailer's biggest foreign investment ever as it battles rival Amazon.com Inc in one of the world's biggest emerging markets. The remainder of the business will be held by some of Flipkart's existing shareholders, in...

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India will be the fastest growing major economy in 2018: IMF

May 09, 2018

United Nations: The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with medium-term prospects remaining positive. The IMF's Asia and Pacific Regional Economic Outlook report said that India was recovering f...

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