Business News

Rupee Depreciates To Fresh Low, Leaning Towards 84 Over Global Market Concern

The Indian rupee depreciated versus the US dollar on Monday to touch its all-time low, tracking global heavy selling in stock markets, over risks that the US may potentially slip into recession. At 12.18 pm, at the time of filing this report, the Rupee traded at 83.85 versus Friday’s closing of 83.75. It opened at […]

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Amazon Loses $134 Billion In Market Value; Bezos Net Worth Drops $15.2 Billion

New Delhi: Jeff Bezos, Amazon’s founder and the second richest person in the world recently saw his net worth drop by 15.2 billion dollars, leaving him with 191.5 billion dollars, according to the Bloomberg Billionaire Index. This notable decrease highlights the wider instability currently affecting the tech sector. Nasdaq 100 Decline Impacts Tech Billionaires The

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No Income Tax! Find Out Why Residents Of THIS State Enjoy Complete Tax Exemption

Residents of Sikkim have a unique advantage that sets them apart from the rest of India. Unlike other states, Sikkim is exempt from income tax under Section 10 (26AAA) of the Indian Income Tax Act. Why Doesn’t Sikkim Have to Pay Income Tax? When Sikkim merged with India, the government assured the state that it

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Delhi-NCR 5th Most Expensive Office Space Rental Market In Asia-pacific: Report

Mumbai: Delhi-NCR is the fifth most expensive office space rental market in the Asia-Pacific (APAC) region, as transactions across the three major markets in India saw a notable 50 per cent increase in the second quarter (Q2) of 2024, a report showed on Monday.  Prime office rents remained steady in Delhi-NCR, Mumbai and Bengaluru, according

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Indias Digital Payments Record Double-Digit Growth: RBI Data

New Delhi: Digital payments in India have registered a 12.6 per cent increase year-on-year with the RBI’s Digital Payments Index (RBI-DPI) rising to 445.5 at the end of March 2024 compared to 418.77 in September 2023 and 395.57 in March 2023.   “The RBI-DPI index has increased across all parameters driven by significant growth in payment

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Post-Budget Profit Booking Continues In The Market; Sensex, Nifty Close In Red

New Delhi: Indian markets closed on a decline on Thursday, a day after the government proposed an increase in capital gains tax and a hike in the Securities Transaction Tax for F&O transactions in the Union Budget. The Nifty 50 index closed with a decline of 65 points at 24,413.50, while the BSE Sensex declined

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Budget 2024: FM Sitharaman To Table Economic Survey In Parliament Tomorrow |10 Key Points

New Delhi: India’s Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on Monday, July 22, a day before she unveils the Union Budget for a record seventh time. The upcoming budget aims to address unemployment and other ongoing issues in the country. Continuing the trend of the last few years, the 2024

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Microsoft Outage: SBI Reports Systems Unaffected And Working Smoothly

New Delhi: Country’s largest lender State Bank of India (SBI) on Friday said its systems are unaffected by the Microsoft global outage. “We are all fine,” its chairman Dinesh Khara told PTI, when asked about the impact of the global outage. Microsoft users globally, several in India, have reported massive outages in services, with outage

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Global PC Market Reach 62.5 Million PC Units Ahead Of Upcoming AI Boom

New Delhi: Global PC shipments grew 3.1 per cent in the second quarter this year to reach 62.5 million PC device units, the second consecutive quarterly growth in shipments (year-on-year), a report said on Tuesday. AI PCs remain the most popular topic in the PC industry. Laptops with Qualcomm’s Snapdragon X platform have begun to

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Moradabad’s First Flight To Take Off On July 17: Details

The much-awaited flight of Moradabad and nearby cities for air connectivity is set to take off on July 17. The newly constructed Moradabad Airport will see its inaugural flight to Dehradun, marking a significant milestone for the region. Inaugural Flight Details Amarjeet Singh, the airport’s director, confirmed that Moradabad Airport is prepared to operate regional

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