Rupee settles on flat note, up 2 paise at 74.62 against USD
Mumbai: The rupee settled on a flat note at 74.62 against the US dollar on Friday as importers and banks’ demand for the greenback continued to exert pressure on the Indian currency. At the interbank forex market, the domestic unit opened at 74.63 a dollar and witnessed an intra-day high of 74.47 and a low […]
Finance minister Nirmala Sitharaman says India witnessing active economic recovery
Finance minister Nirmala Sitharaman said there is strong recovery happening in India, as she announced yet another set of stimulus package for boosting the economy. She presented the state of the economy, saying markets are at record high and India’s foreign reserves has reached US $560 billion. Sitharaman also said that the Goods and Services […]
Emirates Group posts USD 3.8 billion loss after Covid-19 sunk air travel
Emirates Group, owner of the world’s largest long-haul carrier, slumped to its first loss in more than 30 years after the coronavirus pandemic reduced demand for air travel to a trickle. The 14.1 billion dirham ($3.8 billion) loss for the state-owned company came alongside a 24% reduction in headcount over the six months through September, […]
Amazon India inks MoU with Silk Mark Organisation of India
Amazon India on Wednesday said it has inked an agreement with the Silk Mark Organization of India (SMOI). As part of the Memorandum of Understanding (MoU), Amazon will launch an exclusive Silk Mark Store with Silk Mark labelled products through multiple sellers associated with the organisation, a statement said. Through this collaboration, Amazon.in will have […]
Gold inches lower as investors await US election outcome
Gold prices edged down on Tuesday, as cautious investors awaited the outcome of the US presidential election with President Donald Trump closely trailing Democrat Joe Biden in national opinion polls. Spot gold were down 0.1% at $1,892.52 per ounce by 0353 GMT. US gold futures were little changed at $1,892.00 per ounce. “Sentiment is hanging […]
India’s October jobless rate rises to 6.98%: Private think-tank CMIE
India’s unemployment rate in October rose to 6.98% from 6.67% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE). The novel coronavirus has infected nearly 8.2 million people in the world’s second-most populous nation, hitting large parts of the economy. Economic activity has resumed after the government eased pandemic lockdown […]
Gold rate goes up to Rs 50,860, silver prices gain 0.33%
Spot gold prices in India(Rs 50,860) have increased since yesterday(Rs 50,850). Although, it was lower than the average gold price observed this week (Rs50,994.29) by 0.26%. The Indian spot gold price as of today is Rs 50,860 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 0.22%. The […]
Airtel rolls out cloud-based communications platform for biz; tunes into $1-billion market
Telecom operator Bharti Airtel on Monday entered the rapidly-growing cloud communications market with the launch of business-centric ‘Airtel IQ’. A cloud-based omni-channel communications platform, Airtel IQ, aimed to enable brands to deepen engagement with customers through timely and secure communication, a company statement said, terming the move as a “game changer” for the fast-evolving Indian […]
Business leader’s univocal for comprehensive unity
Kashmir Traders United Forum has started gathering all trade associations and parties under one banner and started a series of meetings with representatives and heads of various business associations. According to KNS, a meeting held on Sunday under Chairmanship of the forum Farooq Ahmed Dar, while Nazir Ahmad Shah, head of Shahar Khas Traders Coordination […]
Flipkart fashions new front in Amazon fight
Walmart Inc.’s Flipkart unit on Friday agreed to buy a 7.8% stake in Aditya Birla Fashion and Retail Ltd (ABFRL) for Rs 1,500 crore, a move that will help the online retailer consolidate its position in the apparel business with access to brands such as Allen Solly and Van Heusen, as it battles Amazon for […]
