Business

  • Petrol, diesel prices remain static for 17 days in a row
    New Delhi, May 1 (IANS): Fuel prices in the country remained unchanged on Saturday as oil marketing companies decided to wait and watch the situation prevailing in global oil markets before before restarting daily revision of petrol and diesel prices. Sources indicated that price revisions may begin anytime next week after results to state elections are declared. However, whether price of petrol and diesel would move up or down then would depend on actual average global price i
  • Covid disruption unlikely to impact April GST collections: SBI Ecowrap
    MUMBAI, APRIL 30 (IANS): Even with the new wave of Covid-19 resulting in 'lockdowns' in 15 parts of the country and impacting business all across, the country's GST collections, the barometer of economic activity in India, is likely to cross the Rs 1 lakh crore mark for the sixth time in as many months in April, a SBI Ecowrap report said on Friday. According to the internal simulation model adopted by SBI Ecowrap, the April GST collection is expected to be in the range o
  • Sensex down 750 points, banking stocks plunge (Ld)
    MUMBAI, APRIL 30 (IANS): The key Indian equity indices declined on Friday with the BSE Sensex plummeting around 750 points. Heavy selling pressure was witnessed in banking and finance stocks. Around 2.35 p.m., Sensex was trading at 49,015.62, lower by 750.32 points or 1.51 per cent from its previous close of 49,765.94. It opened at 49,360.89 and has touched an intra-day high of 49,569.42 and a low of 48,921.44 points. The Nifty50 on the National Stock Exchange was trading a
  • Facebook's monthly user base reaches 2.85B amid record sales
    SAN FRANCISCO, APRIL 29 (IANS): Facebook now has 2.85 monthly active users (MAUs), an increase of 10 per cent (year-over-year) while its daily active user base has reached 1.88 billion on average, an increase of 8 per cent. The social network beat expectations and posted a record revenue of $26.1 billion in the first quarter, 48 per cent more than the same period last year. It reported net income of $9.5 billion, nearly double the income of $4.9 billion in the first quarter of 20
  • Fuel prices unchanged, revisions expected post polls
    NEW DELHI, APRIL 29 (IANS): Fuel prices in the country remained unchanged on Thursday as oil marketing companies decided to wait for state elections to get over before restarting daily revision of petrol and diesel produced in line with price movement globally. Sources indicated that price revisions may begin early next month after results of state elections are declared. However, whether price of petrol and diesel would move up or down then would depend on actual average global pri
  • Jio Platforms among TIME 100 most influential companies
    New Delhi, April 28 (IANS): Jio Platforms is among the most influential companies in the world, according to the 2021 TIME 100 Most Influential Companies. As per the TIME magazine, over the past few years, Reliance Industries has built India's largest 4G network by charging some of the lowest data rates in the world. Now leading investors are turning to Jio Platforms, the holding company for Reliance's digital businesses, to reach its more than 410 million subscriber
  • Fuel prices remain steady; revisions expected next month
    New Delhi, April 28 (IANS): Fuel prices in the country remained unchanged on Wednesday as oil marketing companies decided to wait for state elections to get over before restarting daily revision of petrol and diesel prices in line with price movement globally. Sources indicated that price revisions may begin early next month after results to state elections are declared. However, whether price of petrol and diesel would move up or down would depend on average global price in the las
  • Tesla logs $10.4B in sales in Q1 2021, makes $101M in Bitcoin
    San Francisco, April 27 (IANS): Before it starts India operations this year, Tesla has reported $10.3 billion in sales and net income of $438 million in the first quarter of 2021, a growth of 74 per cent from a the year-ago period, along with making $101 million on sales of Bitcoins which is its next big bet. In its quarterly earnings presented late on Monday, Tesla reported it produced 180,338 vehicles in Q1 and delivered 184,777 vehicles. "In Q1, we achieved our highest ev
  • Kia Motors India is now Kia India
    New Delhi, April 27 (IANS): Automobile manufacturer Kia on Tuesday relaunched its brand in India, and will now be known as Kia India, instead of Kia Motors India. "This is a proud and historic moment for us as India becomes the first country to transition to the new brand identity after our headquarters in South Korea. Our decision to increase the production capacity stems from our deep customer understanding where a faster delivery of our products can enhance their buying expe
  • Fuel prices unchanged as Covid surge keeps crude stable
    New Delhi, April 27 (IANS): Fuel prices in the country remained unchanged on Tuesday as oil marketing companies decided to press the pause mode and analyse the global developments before effecting a revision. Accordingly, pump price of petrol and diesel remained at Rs 90.40 a litre and Rs 80.73 a litre respectively in Delhi. It is the 13th consecutive day when fuel prices have not been revised. The price of the two auto fuels had fallen by 16 paise and 14 paise per litre respecti
  • Apple captures 48% share in India premium phone market in Q1
    New Delhi, April 27 (IANS): Apple maintained its leading position in the India premium smartphone market with nearly 48 per cent share in the first quarter of 2021, according to a new report. Apple witnessed a massive 207 per cent growth (year-on-year) in India in Q1 2021, continuing to carry forward its momentum in the January-March period this year. "The brand maintained its leading position in the premium segment (Rs 30,000 or $400 and above) with almost 48 per cent share
  • Xiaomi leads India smartphone market in Q1, Covid to hit Q2
    NEW DELHI, APRIL 26 (IANS): Xiaomi once again led the India smartphone market with 26 per cent market share in Q1 2021, as total shipments grew 23 per cent (on-year) to reach over 38 million units in the January-March period, a new report said on Monday. The report cautioned that the second quarter is likely to be impacted owing to the lethal second Covid wave. Samsung with 20 per cent market share was second, growing the highest at 52 per cent (YoY) while Vivo was third with 16 per
  • Reliance, bp start 2nd new deepwater gas field in KG D6 block
    Mumbai, April 26 (IANS): Reliance Industries Limited (RIL) and bp on Monday announced the start of production from the 'Satellite Cluster' gas field in block KG D6 off the east coast of India. Accordingly, RIL and bp have been developing three deep-water gas developments in block KG D6 - 'R Cluster, Satellite Cluster and MJ' - which together are expected to produce around 30 mmscmd (1 billion cubic feet a day) of natural gas by 2023, meeting up to 15 per cent of
  • OMCs keep petrol, diesel prices unchanged for 11th day
    New Delhi, April 26 (IANS): Fuel prices in the country remained unchanged for the 11th day on Monday as oil marketing companies decided to go on a pause mode and analyse the global developments on oil prices before effecting a revision. Accordingly, pump prices of petrol and diesel remained at Rs 90.40 a litre and Rs 80.73 a litre respective in Delhi. The price of the two auto fuels had fallen by 16 paisa and 14 paisa per litre respectively on April 15 after a 15 day break when O
  • Delhi traders to observe voluntary lockdown for one more week: CAIT
    New Delhi, April 24 (IANS): Traders in Delhi will observe voluntary lockdown for one more week to assist the government in bringing down the Covid numbers, the Confederation of All India Traders (CAIT) said on Saturday. Accordingly, more than 100 leading associations from all parts of Delhi have decided to observe 'Voluntary Self Lockdown' from April 26 April to May 2. In a virtual meeting held on Friday, CAIT urged Delhi Lieutenant Governor Anil Baijal and Delhi Chief Mi
  • Targeted ransomware attacks grow 767%, India among top targets
    New Delhi, April 24 (IANS): The ransomware attacks on high-profile targets such as corporations, government agencies and municipal organisations globally increased by a whopping 767 per cent in one year (from 2019 to 2020), according to a new report. Targeted ransomware attacks have become a major concern globally in the past few years, especially for organisations and businesses in the APAC region, especially India. "At least 61 entities from the region were breached by a t
  • Mi 11 Ultra creates strong buzz in tough India premium market
    New Delhi, April 24 (IANS): With Mi 11 Ultra 5G, Mi India which is a subsidiary of consumer electronics conglomerate Xiaomi has entered a territory dominated by the likes of Apple, Samsung and OnePlus in the country. After launching Mi 10 5G with an 108MP camera last year starting from Rs 49,999, the company has expanded its portfolio in a super-competitive India premium smartphone market. No doubt that there is a strong buzz around this ‘SuperPhone' in the country, which
  • Basic customs duty on oxygen, vaccines exempted
    New Delhi, April 24 (IANS): Centre on Saturday exempted basic customs duty on oxygen, oxygen related equipment and vaccines. The decision comes after the Prime Minister chaired a meeting to review steps taken to boost oxygen availability in the country. In a statement, Ministry of Finance said: "The PM emphasised that there was an immediate need to augment the supply of medical grade oxygen as well as equipment required for patient care both at home and in hospitals."
  • Old SpaceX capsule delivers new crew to space station
    Cape Canaveral, April 24 (AP): A recycled SpaceX capsule carrying four astronauts arrived at the International Space Station on Saturday, the third high-flying taxi ride in less than a year for Elon Musk's company. The Dragon capsule docked autonomously with the orbiting outpost 260 miles (420 kilometers) above the Indian Ocean, a day after launching from NASA's Kennedy Space Center. The new arrivals representing the U.S., France and Japan will spend six months at the spa
  • OMCs keep petrol, diesel prices static as global crude stable
    New Delhi, April 23 (IANS): Fuel prices in the country remained unchanged on Friday as oil marketing companies decided to go on a pause mode and analyse the global developments on oil prices before effecting a revision. Accordingly, pump prices of petrol and diesel remained at Rs 90.40 a litre and Rs 80.73 a litre respective in Delhi. The price of the two auto fuels had fallen by 16 paisa and 14 paisa per litre respectively last week on Thursday after a 15 day break when OMCs kep