Tesla drives past Toyota in market cap
Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker’s market capitalisation overtook that of former frontrunner Toyota Motors Corp. Tesla shares gained 5% in early morning trade to a record of $1,133, boosting the company’s market cap to $209.47 billion — roughly $6 billion more […]
Rupee rises 10 paise to 75.50 against US dollar in early trade
The rupee appreciated 10 paise to 75.50 against the US dollar in early trade on Thursday tracking weakness in the greenback and gains in the domestic equity market. Forex traders said positive domestic equities and weak US currency supported the local unit. Moreover, investor sentiment strengthened after Pfizer reported encouraging vaccine test results. The rupee […]
Rupee settles 9 paise lower at 75.60 against US dollar
The rupee on Wednesday settled 9 paise lower at 75.60 (provisional) against the US dollar as concerns over rising Covid-19 cases weighed on investor sentiment even as the domestic equity market was trading in the positive territory. At the interbank forex market, the rupee opened at 75.49 against the US dollar, but lost ground and […]
Gold heads for biggest quarterly gain since 2016 amid ongoing Covid-19 pandemic
Gold headed for the biggest quarterly advance since 2016 amid a surge in demand for haven assets due to the ongoing coronavirus outbreak, which shows no signs of abating. Bullion has been rising due to a resurgence in virus infections, with the World Health Organization warning that the worst of the pandemic is still to […]
Diesel at new high as prices hiked for 22nd time
Diesel price on Monday scaled a new high after prices were hiked for the 22nd time in just over three weeks, taking the cumulative increase to Rs 11.14 per litre. Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country, according to a price notification of state […]
Over 90 pc of sellers back on platform, seeing huge traction in new sign-ups from MSMEs: Flipkart
Walmart-owned Flipkart on Saturday said it had enabled more than 90 per cent of its sellers to resume business on the platform since April. Also, the e-commerce major noted that it had seen a 125 per cent increase in new sellers signing up on the platform in comparison to its existing seller base for a […]
Rupee set to crash past record, says ex-Reliance forex head Thiagarajan
The growth shock to India’s economy from the coronavirus pandemic will trigger more weakness in the rupee, dragging it toward an unprecedented 80-per dollar level. That’s the view from Venkat Thiagarajan, who has traded currency markets for 26 years, and most recently served as the head of forex at Reliance Industries Ltd., which runs India’s […]
Climbdown in aviation row with United States
India is considering establishing “individual bilateral bubbles” with the US, the UK, Germany and France, allowing the airlines of each country in the pact to operate international passenger flights, said the aviation ministry on Tuesday. The ministry’s statement has come after the US department of transportation announced on Monday that it has barred Air India […]
Petrol Price Touches Two-year High After 17th Consecutive Hike; Diesel Nears Rs 80-mark
Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 55 paise as the oil companies increased prices for the 17th day in a row that took the cumulative increase to a steep Rs 8.5 and Rs 10.01 per litre, respectively. Petrol price in Delhi was hiked to Rs 79.76 per […]
Boycotting China items not feasible: L&T MD-CEO SN Subrahmanyan
With the skirmish at the border with China, the ‘Boycott China Products’ sentiment is running high. The dangers of any rash move in this direction are well-known. SN Subrahmanyan, CEO and MD of Larsen & Toubro, in an interview with Shubhra Tandon, cautioned that to take a total view on boycotting Chinese goods is not feasible […]
