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Sensex, Nifty decline for 2nd day on selling in FMCG, steel stocks

Benchmark equity indices Sensex and Nifty closed lower for a second straight day on Tuesday due to selling in FMCG, metal and auto shares ahead of the RBI → Read More

Sebi returns IPO papers of Fairfax backed Go Digit General Insurance, co to refile

Markets regulator Sebi has returned the preliminary IPO papers of Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, and now the company is looking to refile the documents with certain updates. → Read More

Earthquake death toll rises to nearly 4,900 in Turkey and Syria

Nearly 4,900 people have been killed and tens of thousands injured after a magnitude 7.8 earthquake struck Turkey and Syria on Monday, according to officials. → Read More

Declining core inflation limits need for further interest rate hikes by RBI: S&P

The policy rate now stands at 6.25 per cent. The RBI's rate-setting panel - Monetary Policy Committee (MPC) - will decide on the interest rate on Wednesday. → Read More

Calcutta HC rejects plea for fast-track hearing on Adani Group's power project

A division bench of the Calcutta High Court on Tuesday dismissed a plea for a fast-track basis hearing of the PIL against the installation of high-tension electricity lines by an Adani Group-owned power plant at Farakka in Murshidabad district. → Read More

James Webb telescope detects an asteroid roughly the size of Rome's Colosseum

An asteroid roughly the size of Rome's Colosseum, between 300 and 650 feet, or 100 and 200 metres, in length, has been detected by scientists using NASA's James Webb Space Telescope, according to a new research. → Read More

Tata Steel shares decline nearly 4% after Q3 loss

Shares of Tata Steel on Tuesday declined nearly 4 per cent in the early trade after the firm reported a consolidated net loss of ₹2,501.95 crore for the third quarter. The scrip fell 3.83 per cent to Rs 113.10 apiece in the morning trade on the BSE. → Read More

Betting, casino companies find new advertising avenues despite govt ban

Even as the Indian government has banned 138 betting apps, offshore betting and casino companies are finding new avenues to advertise their illegal wares to millions of unsuspecting Indians. → Read More

Simple Energy raises USD 20 mn from investors

Electric vehicle startup Simple Energy on Tuesday announced raising USD 20 million (about ₹165 crore) from a clutch of investors as a part of its ongoing Bridge → Read More

Rupee gains 10 paise to 82.66 against US dollar in early trade

The rupee appreciated 10 paise to 82.66 against the US dollar in early trade on Tuesday on the back of a positive trend in domestic equities and relatively weaker greenback. However, foreign capital outflows restricted the gain in the domestic unit, forex traders said. In early deals, it was moving in a tight range of 82.69-82.65. → Read More

Turkey-Syria quake toll reaches over 4,300

The death toll due to the devastating earthquake that struck Turkey and Syria has increased to more than 4,300 as rescuers are racing against time to find → Read More

Drinking water in Israel becomes turbid after Turkey-Syria quake

Drinking water in northeastern Israel has become turbid after deadly earthquakes hit parts of Syria and Turkey, local authorities said. → Read More

100 airports to be developed by 2024 under UDAN infra scheme: Centre

AAI and other Airport Operators have targeted a capital outlay of approximately Rs. 98,000 crore in the airport sector across India by 2025 for the construction of Greenfield Airports and new terminals, expansion and modernization of existing terminals and strengthening of runways, among other activities. → Read More

NDRF personnel with specially equipped trained dog squad departs for earthquake-hit Turkey

A team of National Disaster Response Force (NDRF) personnel along with a specially trained dog squad and necessary equipment has departed from Hindon Airbase in Ghaziabad to carry out search and rescue operations in Turkey. India has sent the NDRF team to Turkey after earthquakes jolted Turkey and Syria on Monday. → Read More

PM launches 20% ethanol blended petrol in 11 states/UTs

Bengaluru, Feb 6 (IANS) Prime Minister Narendra Modi on Monday rolled out petrol, blended with 20 per cent ethanol, at select petrol pumps in 11 states and → Read More

BYJU's to miss March 2023 deadline for group level profitability, results delayed again

Edtech firm BYJU's will not be able to meet its March 2023 deadline to achieve group-level profitability, as it envisioned in its earnings in October last year, reliable sources said on Monday. On top of it, its results for most of the months for the current fiscal year are delayed again. → Read More

Dedicate Mumbai coastal road to Lata Didi, urges Mangeshkar family

On the first death anniversary of the legendary singer, Lata Mangeshkar's family on Monday urged that the upcoming Mumbai Coastal Road Project should be named in her memory. → Read More

SEBI proposes norm to prevent brokers from retaining clients' funds at end of trading day

To curb possible misuse of investors' money by brokers, SEBI has proposed to stop trading members and clearing members from retaining any part of client funds at the end of day and move the entire funds to the clearing corporation on the same day. → Read More

RBI's Monetary Policy Committee meeting starts amid expectations of lower rate hike

RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation. The decision of the six-member rate setting panel will be announced by the Governor on Wednesday. → Read More

Bandhan Bank hikes interest rates on fixed deposits

According to the statement from the lender, the revised FD rates are applicable for retail deposits of up to Rs 2 crore and are effective from today. → Read More