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Sensex Closes Above 60,000 As Equities' Bull Run Extends Into Fifth Week

Sensex Closes Above 60,000 As Equities' Bull Run Extends Into Fifth Week

Edited by NDTV Business Desk | Wednesday August 17, 2022

Stock Market India: The Sensex closed above the key 60,000 level for the first time in over four months as the bull run in Indian equities extended into the fifth straight week on Wednesday as the easing pace of inflation and strong earnings drove gains.

Inflation In UK Touches Double Digits For First Time In 40 Years

Inflation In UK Touches Double Digits For First Time In 40 Years

Asian News International | Wednesday August 17, 2022, London

Inflation in the UK crossed the 10 per cent mark in July, the first such occurrence over the past 40 years.

Crypto.com Gets UK Regulatory Approval

Crypto.com Gets UK Regulatory Approval

Reuters | Wednesday August 17, 2022, London

Singapore-based cryptocurrency platform Crypto.com has registered with Britain's financial services regulator, the company said in a statement on Wednesday.

Akasa Air To Add One Aircraft Every Two Weeks

Akasa Air To Add One Aircraft Every Two Weeks

Reuters | Wednesday August 17, 2022, Bengaluru

Akasa Air said on Wednesday it would keep adding one new aircraft every two weeks after the country's newest budget carrier received its third plane.

Flipkart To Pay Rs 1 Lakh Fine For Selling Sub-Standard Pressure Cookers

Flipkart To Pay Rs 1 Lakh Fine For Selling Sub-Standard Pressure Cookers

Press Trust of India | Wednesday August 17, 2022, New Delhi

The Central Consumer Protection Authority (CCPA) on Wednesday said it has imposed a penalty of Rs 1,00,000 on e-commerce player Flipkart for allowing the sale of substandard domestic pressure cookers on its platform.

Investment Demand To Lift India's Silver Imports To Record High

Investment Demand To Lift India's Silver Imports To Record High

Reuters | Wednesday August 17, 2022, Mumbai

The silver imports are set to triple in 2022 from a year ago to record highs after a dip in prices to 2-year lows spurred investors to bet that the metal was primed for a rebound and could outperform gold in the coming years.

US Fed Issues Guidance For Banks Considering Crypto Activities

US Fed Issues Guidance For Banks Considering Crypto Activities

Asian News International | Wednesday August 17, 2022, Washington

The US Federal Reserve Board has provided additional information for banking organizations engaging or seeking to engage in crypto-asset-related activities saying banks should notify the central bank prior to engaging in such assets.

Rupee Upside Capped By Corporate Outflows, Fed Stance: Report

Rupee Upside Capped By Corporate Outflows, Fed Stance: Report

Reuters | Wednesday August 17, 2022

The rupee's gains against the UScurrency on Wednesday are likely to be stalled by dollar outflows by corporates and the US Federal Reserve's hawkish outlook, some analysts said.

Airtel Pays Rs 8,312.4 Crore To Clear 4-Year Instalment In Advance For 5G

Airtel Pays Rs 8,312.4 Crore To Clear 4-Year Instalment In Advance For 5G

Press Trust of India | Wednesday August 17, 2022, New Delhi

Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the recently concluded 5G auctions, the company said on Wednesday.

One Charger For All Electric Devices: Centre To Meet Industry Heads

One Charger For All Electric Devices: Centre To Meet Industry Heads

Press Trust of India | Wednesday August 17, 2022, New Delhi

The government will hold a meeting with industry stakeholders on Wednesday to explore the option of adopting a common charger for mobile phones and other portable electronic devices.

Oil Prices Turn More Volatile As Investors Exit The Market: Report

Oil Prices Turn More Volatile As Investors Exit The Market: Report

Reuters | Wednesday August 17, 2022, New York/ London

Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.

This Nation Has Shown More Interest In Crypto Than Any Other

This Nation Has Shown More Interest In Crypto Than Any Other

Helen Nyambura, Bloomberg | Wednesday August 17, 2022

Africa's most-populous nation showed more interest in cryptocurrencies than any other country since the digital assets began to decline in April, according to a study by price tracker CoinGecko.

Apple Suppliers To Make Apple Products In Vietnam For The First Time: Report

Apple Suppliers To Make Apple Products In Vietnam For The First Time: Report

Reuters | Wednesday August 17, 2022

Apple Inc's suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter.

Rupee Gains Sharply Against The Dollar, Tracking A Fall In Oil Prices

Rupee Gains Sharply Against The Dollar, Tracking A Fall In Oil Prices

Edited by Rahul Karunakar | Wednesday August 17, 2022

Rupee Today: The rupee strengthened against the dollar as oil prices fell to their lowest level since Russia invaded Ukraine and eased concerns about India's trade deficit and the inflation outlook.

Sensex Crosses Key 60,000 Level On Oil Prices Fall To Six-Month Lows

Sensex Crosses Key 60,000 Level On Oil Prices Fall To Six-Month Lows

Edited by Rahul Karunakar | Wednesday August 17, 2022

Stock Market India: Equity benchmarks rose early on Wednesday, extending gains from previous session tracking a fall in oil prices.

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