1. Business & Economy

Business & Economy

HCL lays off 350 employees working on Microsoft project: Report

New Delhi: Amid tough global market conditions, tech giant HCL Technologies has reportedly laid off 350 employees globally, including in India, Guatemala and the Philippines, who were working on a Microsoft news project, media reports…

Retail inflation rises to 7% in August over high food prices

New Delhi: India’s retail inflation in August 2022 rose to 7 per cent, up from 6.71 per cent in July, mainly due to high food prices, according to data released by the Ministry of Statistics…

India ranks 1st in Asia Pacific region in customer experience maturity: Report

New Delhi: India ranked third globally and first in the Asia Pacific (APAC) region in terms of customer experience (CX) maturity, a report said on Monday. According to a report by Zendesk, ‘exceptional’ is what…

Air India to get 30 new aircraft to boost domestic, international operations

New Delhi: Aiming to augment its capacity, Air India has planned to induct 25 Airbus narrow-body and 5 Boeing wide-body aircraft in its existing fleet. Air India has signed leases and letters of intent for…

Excise duties on petrol, diesel zoomed up despite crude staying below $80

New Delhi: Excise duty on petrol went up by a huge 194 per cent while on diesel it rose by a stupendous 512 per cent between 2014-15 and 2021-22 even as crude oil prices remained below…

Double Whammy: Appreciating dollar, US inflation bad news for Indian students

New Delhi: The rupees fall against the US dollar is not a new phenomenon, but it always catches many tight-budgeted parents and their wards studying or aspiring to study there unawares. This time around, the…

RBI committed to hold rupee at 80 to USD; global headwinds likely to ease

Chennai: While the Indian rupee has fallen against the US dollar, it has plunged less than most other currencies, said a top official of Mecklai Financial Service Private Ltd. He also gave the Reserve Bank of…

Centre bans rice export

New Delhi: The Central government has banned the export of broken rice with effect from Friday. The decision comes immediately after a 20 per cent export duty was levied on various grades of rice, which also…

India’s external debt rose 8.2% in 2021-22 to $620 billion

New Delhi: India’s external debt rose by 8.2 per cent to stand at $620.7 billion on March 31, 2022, compared to $573.7 billon on March 31, 2021. Out of this, 53.2 per cent of external debt…

Digital currency to be launched as pilot project this year: RBI Deputy Governor

New Delhi: Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar on Wednesday said that the central bank will launch its digital currency as a pilot project this year. Addressing the India Ideas Summit,…

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