Business
Nurses, Engineers, MBA Grads Biggest Contributors to Bad Debt in Education Loans: Report
The rate of NPAs for education loans was significantly higher than in 2019-20 and is the highest in the last three financial years.
Stellantis Pickups Hit, Ford Cuts Production Due To Global Chip Shortage
The impact of the global semiconductor shortage on the auto industry spread on Saturday, as Stellantis warned its highly profitable pickup trucks were hit, while Ford Motor Co said it would cut more U.S. production.
Lawsuit Claims Electric Truck Startup Defrauded Investors
A shareholder lawsuit was filed Thursday against an electric truck startup company claiming it has defrauded investors by making spurious claims about the number of preordered trucks and the progress it has made in starting production at a former General...
U.S. Yields Hit New Heights; Oil Skids Amid COVID-19 Fears In Europe
Benchmark U.S. Treasury yields hit 14month peaks on Thursday, putting fresh pressure on tech and other stocks as investors digested the Federal Reserve's latest meeting, while concerns over COVID19 cases in Europe also sapped risk appetite and helped pumm...
Rajya Sabha Passes Bill to Raise FDI in Insurance to 74%, Sitharaman Says Resident India to Head Key Positions
Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management p...
Bill to Hike FDI in Insurance Sector to 74% Passed in Rajya Sabha Amid Opposition Uproar
The Insurance (Amendment) Bill 2021 was passed amid uproar as the Opposition parties raised strong objections against it.
Fed Expects Growth Surge, Inflation Jump In 2021 But No Rate Hike
The U.S. economy is heading for its strongest growth in nearly 40 years, the Federal Reserve said on Wednesday, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation.
IRS Will Delay Tax Filing Due Date Until May 17
The Internal Revenue Service is delaying the traditional tax filing deadline from April 15 until May 17, according to the House Ways and Means Committee.
Stocks Gain, Dollar Drops After Fed Holds On Rates
A gauge of global stocks gained on Wednesday and the U.S. dollar slid after the Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come.
U.S. Stocks Rise After Powell Says It Is Too Soon To Talk Taper
Wall Street rose on Wednesday after the Fed predicted a fast economic recovery from the coronavirus pandemic and said it would maintain its interest rate at close to zero.
Petrol, Diesel Prices Remain Unchanged for 18th Day: Check Rates Here
In New Delhi, the rate of petrol stood at Rs 91.17 per litre while the price of diesel is at Rs 81.47 a litre in the national capital on Wednesday, March 17.
Indian State Refiners Prepare to Cut May Saudi Arabia Oil Imports: Report
Indian Oil Corp, Bharat Petroleum Corp., Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd are preparing to lift about 10.8 million barrels in May, the sources said on condition of anonymity.
Bitcoin Falls After Weekend Record High As India Considers A Ban
Bitcoin dropped on Monday, falling from a record high above $60,000 over the weekend, as investors digested a potential ban from India on cryptocurrencies.
US Becomes India's Second Biggest Oil Supplier, Saudi Arabia Plunges to No. 4
India shipped in 3.92 million bpd of oil in February, a decline of 18% from January, the data showed.
Funding from Family Philanthropy in India Triples to Rs 12,000 Cr in FY20: Report
Funding from family philanthropy has tripled its corpus, growing to nearly Rs 12,000 crore in FY 2020.
U.S. Stocks Close Mixed As Dow Notches Fifth Straight Record High
The bluechip Dow powered to its fifth consecutive record high on Friday and the S&P 500 closed slightly higher as investors bought shares that should benefit from a strong reopening of the U.S. economy, an outlook signaled by rising yields in the bond mar...