Axis Bank revises interest rates for domestic fixed deposits below ₹2 crore

Private sector lender Axis Bank has revised its interest rates for domestic fixed deposits less than ₹2 crore, which are effective from October 1, 2022. The move comes a day after the Reserve…

Mukesh Ambani says will roll out high quality, more affordable 5G services

Billionaire Mukesh Ambani said Reliance Industries Ltd.’s 5G network will cover the remotest corners of India by December next year, providing services “more affordable than anywhere else in the world.” The technology can…

Vi, CareGame try to prove relevance of cloud gaming as Google Stadia exits

The countdown has begun, and it shouldn’t surprise anyone. Yet it does. Google confirmed the Stadia cloud gaming service will shut down on January 18, 2023. Enjoy it while you can. The $9.99…

Tata Motors total domestic sales up 44% at 80,633 units in September: Report

PTI | | Posted by Aryan Prakash Tata Motors on Saturday said its total domestic sales increased by 44 per cent to 80,633 units in September. The company had dispatched 55,988 units to…

September GST collection at ₹1.48 lakh crore, the third highest ever

The Goods and Services Tax (GST) revenue in September this year saw a 26% year-on-year jump at ₹1.48 lakh crore, the third highest ever collections crossing the ₹1.40 lakh crore mark for the…

GST collections up 26% to over ₹1.47 lakh crore in September

PTI | | Posted by Lingamgunta Nirmitha Rao GST collections in September rose 26 per cent to over ₹1.47 lakh crore, the finance ministry said on Saturday. Goods and Services Tax (GST) mop-up…

LPG price cut: Commercial cylinder gets cheaper | Details here

Indian oil marketing companies on Saturday reduced the price of commercial LPG by ₹25.50 for a 19-kg cylinder in New Delhi with immediate effect, a day after prices of natural gas increased by…

RBI hikes policy rate, cuts growth forecast

That the Monetary Policy Committee (MPC) of the Reserve Bank of India will increase interest rates for the fourth consecutive time was almost a given, and the 50 basis points — one basis…

HDFC raises lending rate by 50 bps, EMIs to increase

PTI | | Posted by Lingamgunta Nirmitha Rao Mortgage lender HDFC Ltd on Friday hiked its lending rate by 50 basis points hours after the Reserve Bank raised the benchmark interest rate to…

16 insurance firms caught evading GST worth ₹824 crore: Govt

NEW DELHI: The Goods and Services Tax (GST) authority has detected alleged misappropriation of input tax credit (ITC) worth ₹824 crore by 16 insurance companies who used their intermediaries to issue fake invoices,…

Why is Mozilla so angry with Apple, Google, and Microsoft?

Mozilla is not pleased with how the web browser ecosystem is shaping up. The makers of the well-known (but is it as popularly used too?) Firefox web browser have taken aim at Google,…

DTH counters dipping subscriptions: Games, smart homes and OTT dictate agenda

Direct to home (DTH) services are responding to the urgent need to evolve, as consumer interest in paying for one-dimensional linear TV subscriptions, continues to wane. Attempts to widen the value of subscriptions,…

Sensex rises over 1,000 points to settle at 57,427, Nifty in green at 17,094

Benchmark indices bounced back on Friday after falling for the previous seven trading sessions, with the Sensex climbing 1,017 points following the Reserve Bank of India’s interest rate decision. The RBI on Friday…

EU watchdog says banks need $1.2 billion to meet capital rules in full

Banks in the European Union will collectively need a further 1.2 billion euros ($1.18 billion) to meet a set of global capital rules in full by 2028, the bloc’s banking watchdog said. In…

How will RBI hiking repo rate impact EMI & investments? Experts speak

The Reserve Bank of India (RBI) on Friday announced a hike of 50 basis points to the benchmark repo rate, pushing the key lending rate to 5.9 per cent. After this, banks are…

Repo Rate: RBI hikes repo rate by 50 bps to 3-year high of 5.9%, GDP expected to grow at 7%

RBI Governor Shaktikanta Das on Friday announced that the central bank’s Monetary Policy Committee (MPC) has hiked the repo rate – or the key lending rate – by 50 basis points (bps) to…