Business

Edible oil prices to go down as govt scraps custom duty on import of crude soya, sunflower oil

Photo source: PIXABAY The government has abolished tariffs on crude soybean and sunflower oil imports Highlights 2 million metric tons of duty-free imports per year will be applicable for two fiscal years These discounts will help reduce domestic prices and control inflation To reduce local prices, the government on Tuesday canceled tariffs on imports of …

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Markets reverse early gains in volatile trade; Nifty ends below 16,250, Sensex falls 236 points

Photo source: PTI The Nifty ended below 16,250, with the Sensex falling 236 points Equity indicators failed to hold gains on Tuesday morning, with the Sensex falling 236 points amid a sell-off in IT stocks and a weak trend from global markets. The 30-share BSE benchmark opened higher but could not keep pace and fell …

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RBI Governor hints repo rate hike says expectation in next policy a no-brainer

Photo source: File photo Representative images. Highlights RBI Governor Shaktikant Das has hinted at another interest rate hike in early June Shaktikant Das says growth prospect is a ‘no-brainer’ The next meeting of the Monetary Policy Committee (MPC) is scheduled for June 6-7 RBI Governor Shaktikant Das on Monday signaled another interest rate hike in …

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Paytm forms joint venture general insurance firm; reappoints Vijay Shekhar Sharma as MD & CEO

Photo source: PTI The company will invest Rs 950 crore in the firm in 10 years. Digital financial services company One97 Communications, which operates under the Paytm brand, said on Saturday that it has formed a joint venture general insurance company to which it is committed to investing Rs 950 crore over a period of …

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Rakesh Jhunjhunwala-backed Akasa Air’s launch may be delayed further

Image Source: Representative Image A top airline official said the company plans to start service in July. The launch of Akasa Air’s service could be further delayed as the airline is expected to receive its first flight in June or July, according to a senior DGCA official. The carrier, backed by renowned investor Rakesh Jhunjhunwala, …

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5G technology will contribute $450 billion to Indian economy says PM Modi launch of 6G end of decade

Photo source: PTI Prime Minister Narendra Modi. Highlights 5G technology will contribute $ 450 billion to the Indian economy, says Prime Minister Modi By the end of this decade, India will have launched its own 6G service, he said The Prime Minister has launched a 5G test bed made by a multi-institute collaborative project On …

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